About Packaging material
Packaging materials are used to enclose or hold together the packaged goods for distribution, storage, sale etc. The main role of packaging is to protect the product from manufacturing plant to ultimate user. Packaging can extend shelf life. It also allows oddly shaped items to stack neatly in a display and makes possible the use of machines to move pallets loaded with goods. There are the wide ranges of advantages including, they providing protection, safety, enhanced usability, attractive looks, optimal design and specific customer requirement and many more. Innovations in packaging technology, such as smart packaging and active packaging, are driving market growth. Smart packaging includes features like RFID tags and QR codes for tracking and authentication, while active packaging extends shelf life and maintains product freshness through features like oxygen scavengers and moisture absorbers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly competitive with the active presence of dominant players. The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Crown Holdings, Inc (United States), ALPLA Group (Austria), Huhtamäki Oyj (Finland), Smurfit Kappa Group plc (Ireland), Ball Corporation (United States), Berry Global Group, Inc. (United States), DS Smith plc (United Kingdom), The International Paper Company (United States), TGI Packaging Pvt. Ltd (India), Ardagh Group S.A., (Luxembourg), Vetropack Holding SA (Switzerland), Oji Holdings Corp (Japan), Faerch A/S (Denmark), Plastic Packaging Technologies, LLC (United States) and Coveris (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Packaging material market by , Application (Primary Packaging, Secondary Packaging and Tertiary Packaging) and Region.
On the basis of geography, the market of Packaging material has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User Industry, the sub-segment i.e. Food & Beverages will boost the Packaging material market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Corrugated Cardboard will boost the Packaging material market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased adoption of sustainable packaging material and Increased demand of Reusable Packaging
Market Growth Drivers:
Increased demand for packaging materials for products such as personal protective and Consumers are increasingly looking for packaging that not only protects the product but also enhances the overall consumer experience.
Challenges:
Fulfilling Consumer Demands while Upholding Current Standards and The difficulty of optimizing material performance to safeguard goods
Restraints:
The high costs of sustainable packaging material and Concern about quality of packaging material
Opportunities:
Focus on innovation in technology such as smart packaging with sensors or indicators
Market Leaders and their expansionary development strategies
In October 2022, PPC Flexible Packaging LLC, a leading provider of custom flexible packaging, has acquired Plastic Packaging Technologies, LLC. The acquisition will enable to deliver even greater value to customers, with broader and deeper capabilities and capacity.
In February 2024, Faerch Group, a rigid food packaging manufacturer and integrated recycling company, has launched its new Tumbler range for the foodservice market. This new range is designed with a minimum of 30% post-consumer recycled (PCR) material. and In November 2023, Medical packaging manufacturer Coveris has launched a new recyclable, flexible thermoforming film solution, called Formpeel P, for use in various medical packaging applications. The co-extruded film has been designed specifically to provide high protection for medical products.
Key Target Audience
Supplier, Manufacturer, End users’ industry, Research Organization, Government Regulatory and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.