The market report firstly enfolds a comprehensive analysis and assessment of the market. The report contains all-inclusive information related to the latest market updates including the emerging trends, market size, share, growth rate, and leading players for the given forecast period. It mainly aims to help the market players in achieving significant profit over the anticipated period.
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Leading industry players of the Packaging Market:
Numerous key players in the packaging market are Amcor Limited, Sealed Air Corporation, Berry Plastics Group Inc., Coveris Holdings S.A., Reynolds Group Holdings, Ball Corporation, Crown Holdings, Mondi, ProAmpac., and Bemis Company Inc., among others.
Key Drivers of the Packaging Market:
The significant factors that are boosting the demand for the packaging market include the increasing acceptance of digital printing across various brands globally. Digital print on the packing of the goods not only enhances the product appeal but also provides relevant product information such as ingredients used in the products, date of manufacturing, and price of the product. Furthermore, the rising technological advancement and product innovation will create several growth opportunities in the market, hence promoting the manufacturers towards the adoption of attractive packaging for unique brand recognition. According to the packaging market research, the rising accessibility of third-party logistics service companies in the packaging industry will further boost the demand of the market during the forecast period.
The rapid use-sectors of packaging, such as food, retail, consumer goods, and pharmaceuticals sector, will lead to a surge in the demand of the market. The growing urbanization, coupled with the changing diet patterns, and the increasing population rate, are some other factors that are accelerating the growth of the packaging market size. With the growing economic growth and rising personal disposable income, the consumers increasingly opting for ready-to-eat packed food products. In addition to this, various food & beverage manufacturers are focusing on rising their product offerings with reusable packaging materials and investing in R&D activities in biodegradable packaging. All these factors will further propel the demand for the packaging market. The rising penetration of the Internet and smartphones worldwide is leading to the expansion of the e-commerce market, which will surge the growth of the market. However, the growing number of stringent government policies on the volatile organic compound (VOC) emissions will hinder the growth of the packaging market.
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Segmentation of the Packaging Market:
This report carefully analyses all product segments of the packaging market. The market forecast has also taken into consideration material, function, application, and regions segments of the industry.
Packaging Market by Material:
- Paper & Paperboard
- Rigid Plastics
Packaging Market by Function:
- Blocking & Bracing
Packaging Market by Application:
Packaging Market by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
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