Global Packaging Market; by End user vertical (Food & Beverages, Healthcare, Beauty & Personal Care, Electronic, and Household); By Material Type (Glass, Metal, Polypropylene, aluminum, Plastic, Wood, and Paper); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Packaging helps in the prevention of product from any alteration in the state and further prevents it from any kind of physical, biological changes or chemical contamination. Due to this, the shelf life of the product increases. The packaging is done to prevent the good from environmental or physical damage of good while transporting. For food packaging, it provides knowledge about the ingredients, their nutrient content, and guidelines to preserve food quality and freshness.
This report anticipates the Packaging market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. According to the report, in line with the growth of numerous end-users of Packaging throughout the world, the demand is expected to rise. The growing demography demands for a convenient product that provides a longer shelf life. thus, Packaging materials becomes relatively important. Among these factors, demand for convenient product packaging and advancement in emerging technology also drives the global demand for Packaging.
Packaging Market: Segments
Global market has been segmented on the basis of material type, end user vertical, and by location. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East and Africa.
By Material type (in %), global Packaging Market, 2019
The paper bags segment is anticipated to register XX% of the volume share and is expected to grow at a highest CAGR.
Global Packaging Market is segmented by material type into: Glass, Metal, Polypropylene, aluminum, Plastic, Wood, and Paper.
Due to higher convenience and greater decomposition property of paper, this segment held the largest share in 2019. The demand for this material is projected to be further increased by stringent government regulations and the restrictions on plastic packaging. Paper is processed or painted and laminated or sprayed with the finishing polish, resins, lacquers and waxes.
Polypropylene on the other hand holds a significant share owing to its resistance towards humidity, gaseous and odor permeability and a greater water vapor barrier make it fit for packaging. Polypropylene also has a high melting point, making it especially suitable for food packaging items used in microwaves or in dishwashing.
Global Packaging Market: Market Dynamics
• Enhanced characteristics
Packaging excels in their fine clarity, temperature tolerance, strength, and barrier properties. They are also available in a wide variety with respect to thickness and surface characteristics, presenting several options for their offers to the customer.
• Quality issues
Newly designed, rigid packaging demand in the packaging industry and standard and quality issues for Packaging are key factors restricting the growth of the Packaging market. The industry’s high Barrier Growth is limited by poor quality sealing.
Global Packaging Market: Regions
In terms of value and volume, Asia Pacific was the largest market accounting for XX% of total market volume share in 2019
Asia Pacific led the global market for packaging industry with XX% of the overall demand in 2019. With fast industrialization and urbanization, India and China has been the leading consumer to an improved standard of living and rising health awareness and thus increasing demand for packed goods. In countries such as China and India, the presence of airborne diseases combined with growing consumer disposable incomes are expected to fuel growth. North America also holds significant share due to growing knowledge and the accessibility of alternatives such as eco-friendly packaging in the USA. These solutions are affordable and manufactured using recycled materials and eco-friendly practices. This trend is expected to drive regional development even further.
Global Packaging Market: Impact of COVID-19
Global pandemic COVID-19 has become a global stress, not just for human lives, but also to industries across different industry verticals. The COVID-19 disease has infected several million people globally, with United States accounting for the highest share of infected cases. With increasing number of active cases on a daily basis, the duration of the pandemic is still difficult to predict. Many industries have faced tremendous loss and are still living in uncertainty of the future. Yet there are industries which have bloomed in such time of crisis. One of those industries is packaging industries. As the number of cases rises there has been a surging demand in medical equipment’s like PPE kits, gloves, vials, etc. which further demands for packaging materials.
Global Packaging Market: Key Players
• Amcor PLC (Australia)
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Bizongo (India)
• TetraPak (Switzerland)
• Coveris (Vienna)
• Smith PLC (UK)
• Mondi Group (Austria)
• WestRock Company (US)
• AptarGroup (US)
• Smurfit Kappa (Ireland)
• Ball Corporation (US)
• Jindal Poly Films (India)
• Macfarlane Group Plc (UK)
• Poligal S.A. (Spain)
• Other prominent players
o By Material type:
• Packaging Market Dynamics
• Packaging Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints