Market Snapshot:
Consumer packaging involves use of packaging materials to properly cover the consumer goods in order to provide safety and ease in transportation to the products. Considering majority of purchasing decision are being made at point of contact, consumer packaging plays an important role in establishing market value. Companies are focusing on innovative packaging as to drive consumers. Moreover, environment friendly packaging is also getting traction owing to growing consumers awareness.
Segment Analysis
AMA Research have segmented the market of Global Consumer Packaging market by Type, Application and Region. On the basis of Type, Paper & Paperboard are dominating the market in the year 2020
On the basis of geography, the market of Consumer Packaging 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).
Market Trend
Focus on Amount of Materials Consumed in Packaging, Growing Stand-Up Pouches Packaging and Focus on See-Through Packaging
Market Drivers
Growing Demand for Packaging in Food and Beverage Market and Rise in e-Commerce Market and Popularity of Online Sales
Opportunities
Focus on Developing Environment Friendly Packaging Materials to Reduce the Food Contamination and Innovation in Packaging Materials and Techniques
Restraints
- Product Sensitivity and Specification
In addition to the aforementioned factor, Growing Demand for Packaging in Food and Beverage Market
is expected to propel the growth of the market over the forecast period.
The key Vendors profiled in the study are DS Smith Plc (United Kingdom), Mondi Group (Austria), Amcor (Australia), Crown Holdings (United States), Owens-Illinois (United States), Rexam (United Kingdom), Tetra Pak (Sweden), International Paper Company (United States), Sonoco Products Company (United States), Sealed Air Corporation (United States), Huhtamaki Oyj (Finland), Smurfit Kappa Group (Ireland), WestRock Company (United States), UFP Technologies, Inc (United States), Stora Enso Oyj (Finland), Pregis Corporation (United States), Shenzhen Hoichow Packing Manufacturing Ltd (China), Dordan Manufacturing Company (United States), Hangzhou Xunda Packaging (China) and Dunapack Packaging Group (Austria). A lot of United States players are profiled in the research study indicating a strong market dependence.