Packaging Materials Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017-2024

Report Code: ZMR-3342 | Report Format : | Status : Upcoming |

Abstract

Packaging Materials Market: Overview

Packaging materials are used to protect the tangible products in order to reduce the risk of any kinds of losses or damages while shipping or delivering the products. The common packaging materials are paper, plastic, metals, and glass. The demand for materials content in packaging is increasing as the packaging plays a vital role and involves risks when it comes to electronic packaging, food packaging, and pharmaceutical packaging. Nowadays, complex methods for packaging are being adopted by the companies as per the requirements, from primary packaging to secondary and tertiary packaging, and hence fuelling the growth of the packaging market.

Packaging Materials Market: Growth Factors

The global packaging materials market is primarily driven by increasing growth in the global food and beverage industry. Furthermore, this growth is predicted to immensely affect the demand for the packaging materials in the developed as well as the developing economies. The rise in consumption of ready-to-eat foods as well as frozen food products is going to substantially contribute to the growth of the packaging materials market. E-commerce has been growing exponentially over the years and therefore the demand for complex packaging is increasing side-by-side. On the other hand, in case of metal packaging, due to the rise in pricing of some metals like copper, gold, silver, and tin, it is challenging to find replacements for the packaging materials. Also, the ban on single-use plastic materials in many of the Asian and African countries is a restraining factor for the growth of packaging materials market as roughly 30% of the global packaging materials used is HDPE (High-density Polyethylene). The growing demographic conditions and increased use of technical facilities are compelling the companies to change the methodologies with respect to the packaging of the materials.

Packaging Materials Market: Segmentation

The packaging materials market is segmented on the basis of the material types, packaging techniques, and applications. In the case of material types, the packaging materials are categorized into plastic, paper and cardboard, wax, metal, glass, and leather. In the case of packaging techniques, it is divided into primary packaging, secondary packaging, and tertiary packaging. Based on applications, the global packaging materials market is divided into the food industry, electronic industry, cosmetics, and healthcare products.

Packaging Materials Market: Regional Analysis

One of the majorly dominating countries in the packaging materials market is the U.S. and specifically, North America, due to the increase in the exports in the respective region. Followed by U.S., Europe, and the Asia Pacific are growing at an enormous rate, one of the factors being the population expansion and increasing industrialization. Particularly in the southern regions of the Asia Pacific, the demand for alcoholic beverages is increasing with the increase in the percentage of young people and hence driving the demand for packaging materials. In the Asia Pacific, China, India, Vietnam, and Malaysia have witnessed huge growth in the disposable income of the people thus the demand for personal care products is increased and therefore resulting in the demand for packaging materials. The Indian prime minister has said that whole of India will be restricted from the usage single-use plastics by the year 2022, which will significantly affect the packaging materials market in India over the future years.

Packaging Materials Market: Competitive Players

Some of the leading market players in the packaging materials market are Smurfit Kappa, WestRock, Sealed Air, Reynolds Group and Amcor. Other prominent players in the packaging materials market are Ball, Crown Holdings, Ampac, Mondi and Huhtamaki, among others.

Packaging Materials 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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