Market Overview:
The term ‘Halal’ refers to permitted under Muslim law. several people assume that the term ‘Halal’ refers to food only; but Halal certification will apply to a variety of classes, as well as food, beverages, prescription drugs, healthcare, cosmetic product, and additionally packaging. The increasing population of the Muslim community across the planet, in addition to increasing awareness concerning Halal certification, is anticipated to drive demand for Halal products and services across the globe within the returning years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Al Halal Packaging (India), MM Karton (Austria), Varsity Packaging (United Kingdom) and Dubai Packaging Industries (United Arab Emirates) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Halal Packaging Market Study:
Al Halal Packaging (India), MM Karton (Austria), Varsity Packaging (United Kingdom) and Dubai Packaging Industries (United Arab Emirates)
Halal Packaging Market Segment Analysis
Scope | Sub-Segments |
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Type | Cosmetics, Pharmaceuticals, Health Products, Medical Devices, Electronic Media and Others |
Industry Verticals | Cosmetics,Pharmaceuticals,Food & beverages,Others |
Sales Channel | Online,Offline |
Material | Plastic,Paper |
Influencing Trend:
A Certificate for Guaranteeing and Labelling with Additives Derived From Halal Sources
Market Growth Drivers:
Rising Muslim Population Across the Globe and Rising Efficiency in Marketability of Products Due to Halal Certification
Challenges:
High Non-Muslim Population with No Requirement of Halal Packaging
Restraints:
High Cost of Products for Customized Halal Packaging
Opportunities:
Rising Popularity and Improved Awareness About Halal Certified Products and Services
Some of the other players that are also part of study are Palsun Industry Co., Ltd (China) and M&Q Packaging LLC (United States). The Global Halal Packaging market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In November 2023, Deli Halal, a Kansas-based producer of halal-certified meat and cheese products, has announced that it has launched its new line of halal-certified sliced deli meats to mainstream supermarket chains such as Giant Food Stores and Stop & Shop Supermarkets throughout New England and much of the East Coast this month.
In July 2020,The halal-certified logo is one that many Muslims look out for when purchasing and consuming goods. Not only is certification beneficial to companies from a marketability perspective, halal certification also provides Muslim consumers with confidence in the food and products that they are encountering
Halal Product Assurance Law from Government of Indonesia Government Regulation No. 31/2019 emphasizes the requirement to all Products like food, beverages, medicine, cosmetics, chemical products be halal certified, except for those products which originate from haram (forbidden) material and chapter 43 of the same law requires the location, area, and equipment of the Halal Product Process (PPH) be separated from non-halal Products.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Halal Packaging market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Halal Packaging market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Halal Packaging, Research Institutes, End-User Industry and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.