29-Aug-2018 | Zion Market Research
Zion Market Research has published a new report titled “Personalized Packaging Market by Material Type (Glass, Paper, Plastic, and Metal), by End-User (Food and Beverages), by Packaging Type (Bottles, Containers, Jars, Bags and Pouches, Cartons, Envelopes, and Boxes): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2024”. According to the report, global personalized packaging market was valued at approximately USD 25,578.20 million in 2017 and is expected to generate revenue of around USD 35,513.95 million by the end of 2024, growing at a CAGR of around 4.80% between 2018 and 2024.
The swift technological development and continuous improvement in the product have led to the upsurge in the packaging industry across the globe. With the help of these technological upgradations, the demand for personalized packaging is increasing. In addition, the emergence of sustainable and consumer-friendly packages have propelled the growth of the market. Moreover, with the help of personalized packaging, the products are easy to transport over long distances with safety and security. The transportation costs mainly depend upon the type of the product, its structure, and composure. With the change in geography, the needs of end-users also change. Many organizations are significantly investing their capital in research and development in order to come up with the exclusive and personalized product packaging so as meet the customer needs, provide satisfaction, and convenience to the customers. Ease of convenience, satisfaction, light weightiness and the safety of the products are the main reasons which are influencing the customer minds. Thus, the organizations across the globe are expanding their manufacturing and production capabilities to cater to the needs and demands of customers. Likewise, changes in retailing practices, or customer’s lifestyle, display significant changes and boost the market growth and development. Such factors are expected to drive the flexible packaging market growth over the forecast period.
Browse the full "Personalized Packaging Market by Material Type (Glass, Paper, Plastic, and Metal), by End-User (Food and Beverages), by Packaging Type (Bottles, Containers, Jars, Bags and Pouches, Cartons, Envelopes, and Boxes): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2024" report at https://www.zionmarketresearch.com/report/personalized-packaging-market
The personalized packaging market is segmented on the basis of material type into glass, metal, plastics, and paper. Plastics segment held major revenue share in 2017. The growth is accredited to the large usage of this type of packaging in the food and beverage industry because it increases the shelf life of the food products.
Based on packaging type, personalized packaging market has been bifurcated into bottles, containers, jars, bags and pouches, cartons, envelopes, and boxes. Pouches segment is projected to contribute for noteworthy revenue share in 2017. The growth is anticipated due to its extensive usage in various end-user industries owing to its graphics properties, lightweight, and suitability for easy-open attributes.
Based on end-user, personalized packaging market has been categorized into food and beverages. Food segment contributed a noteworthy revenue share in 2017. The growth is anticipated due to rise in convenience packaging. Regulatory bodies such as FDA (Food and Drug Administration) have formulated stringent rules and regulations regarding food safety because of the growing health concerns among the consumers.
Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America are regional segments of the global personalized packaging market. The Asia Pacific held major revenue share in 2017 and is predicted to continue its regional superiority over the forecasted period. The growth is credited to the rising demand of the food industry followed by its consumption among the population including alcoholic beverages, non-alcoholic carbonated drinks, and others. This main factor is anticipated to further drive industry growth in the region over the forecast period. The Latin America region is expected to contribute to the highest growth rate. Ease of convenient packaging coupled with their changing lifestyle is the major driver for personalized packaging market growth and development within the forecasted timeline.
Some of the industry players operating in the personalized packaging market include ACG Ecopak, Owens Illinois Inc., Design Packaging, Inc., Elegant Packaging, International Packaging Inc., Smurfit Kappa Group, ABOX Packaging, Salazar Packaging Inc., Pak Factory Inc., CB Group, PrimeLine Packaging, SoOPAK Company, The Mondi Group Plc., ProAmpac LLC., Huhtamaki Oyj, Glenroy Inc., and others.
This report segments the global personalized packaging market as follows:
Global Personalized Packaging Market: Material Type Segment Analysis
Global Personalized Packaging Market: Packaging Type Segment Analysis
Global Personalized Packaging Market: End-User Segment Analysis
Global Personalized Packaging Market: Regional Segment Analysis
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