The primary objective of the Packaging market report by GMI Research is to help the users understand the market scenario in terms of its definition, segmentation, drivers, opportunities, market trends, and the challenges that the market is facing. This report focuses on the Packaging market, especially in North America, Europe, Asia-Pacific, and the rest of the world.
Key Drivers of the Packaging Market:
The major factors that are responsible for the growth of the packaging market include the increasing acceptance of digital printing across various brands. Digital print on the packing of the goods enhances the product appeal while offering relevant product information, including the list of ingredients used in the products, date of manufacturing, and price of the product. According to the packaging market research, continuous technological advancement and product innovation will bring several opportunities for the growth of the market. This factor will promote the manufacturers to opt for different attractive packaging for unique brand recognition. The growing accessibility of the leading third-party logistics service companies in the packaging industry will positively influence the market’s growth.
The continuous use-sectors of packaging, including consumer goods, pharmaceuticals sector, food, and retail sector, will surge the demand of the market. Moreover, the rapid urbanization, along with the changing diet patterns, and the increasing population rate, are some other factors that are boosting the market’s growth. With the increasing economic growth and growing personal disposable income, the consumers are now looking for ready-to-eat packed food products. Numerous food & beverage manufacturers are expanding their product offerings with reusable packaging materials and investing in R&D activities to develop an innovative packaging marketing strategy. The combination of these factors will directly surge the market’s demand. The major factor that is hampering the growth of the packaging market includes the increasing number of stringent government policies on the volatile organic compound (VOC) emissions.
List of Top Leading Manufacturers/Key-Players of the Packaging Market:
Variousnotable players in the market include Coveris Holdings S.A., Ball Corporation, Mondi, ProAmpac., Sealed Air Corporation, Berry Plastics Group Inc., Crown Holdings, Amcor Limited, Reynolds Group Holdings, and Bemis Company Inc., among others.
Segmentation of the Packaging Market:
Thestudy’s objective is to define market sizes of different segments & countries in recent years and predict the values in the coming six years. The detailed segments and sub-segments of the market are explained below:
Segment by Material:
- Paper & Paperboard
- Rigid Plastics
Segment by Function:
- Blocking & Bracing
Segment by Application:
Segment by Region:
- North America
o United States of America
- Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst uses a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.
Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to helping businesses stay ahead of the curve.