Micro Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-2803 | Report Format : | Status : Upcoming |

Abstract

Global Micro Packaging Market: Overview

The formation of a resistant layer of few millimeters thick by utilizing nano-particles is called as micro packaging. The isolation, flexibility, and cost efficiency offered by this technique makes it an attractive packaging method. Micro packaging can be used in beverages, food, and pharmaceutical sectors. The seeping out of oxygen into the parcel results in an augmented rate of corrosion/oxidation, which reduces the shelf life of the parcel/product.

Global Micro Packaging Market: Growth Factors

The food & beverages sector has high prospective & development opportunities and scope for the global micro packaging market. Rapid development in the demand and popularity for sustainable manufacturing, growing competition, and increase in health-related problems is projected to lead the food & beverage sector to walk on the path of advancement which, in turn, will open up opportunities for the micro packaging market. As micro packaging makes use of nanomaterials prospective advantages such as enhanced antimicrobial effects, bio-availability, targeted deliverance of bioactive composites, and improved sensory acceptance are obtained thus increasing the demand for the micro packaging market. The market is expected to show substantial development due to quick urbanization and industrialization. This market is likely to go through constant changes with regard to technical up-gradation and financial aspects. The micro packaging market is considerably affected by the development of eco-conscious customers preferring packaging by utilization of recycled, biodegradable, or non-petroleum-based substances that will help in decreasing the quantity of waste. This has encouraged the market players to spend broadly for R&D proposals that facilitate micro packaging.

Global Micro Packaging Market: Segmentation

The global micro packaging market is classified in terms of end-user, which is further divided into pharmaceutical industry, food & beverage industry and personal care & cosmetics industry. In terms of application, the market is categorized into doy bags, pouches, blister packs, trays, boxes, films, vials, sachets, cartons, and others. In terms of types, the market is classified into plastic copolymers, paper & paperboard, metal, and glass.

Global Micro Packaging Market: Regional Analysis

Asia Pacific is projected to be the fastest increasing region for the micro packaging market. The rapidly increasing food and beverage sector has contributed immensely to market development. In addition, China and India are regarded as the hubs for producing pharmaceuticals products, which are then sold in North America and Europe.

Europe is anticipated to be the leading region for the market owing to the high R&D expenditure. Strict environmental rules and regulations have significantly led several companies away from traditional or conventional packaging to the most sustainable practices, for instance, micro packaging.

North America is one of the major producers of beef and pork, the usage of micro packaging actually helps to preserve the meat fresh during shipment thus increasing the popularity of micro packaging.

Global Micro Packaging Market: Competitive Players

Some of the most important market players in the global micro packaging market are Amcor, Alcoa Inc., Beijing ChamGo Nano-tech Co. Ltd., Bemis, Honeywell, InMat., and Color Matrix Corporation, among others.

Global Micro Packaging Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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