Global Expendable Packaging Market Overview:
Expendable Packaging is used for export shipment. Increasing demand for expendable packaging from the automotive, healthcare, and other industries driving the demand for expendable packaging. Further, increasing demand for cost effective and lightweight packaging material, increasing demand from the developing economies and growing demand for sustainable packaging solutions expected to drive the demand for expendable packaging over the forecasted period.
As per latest study released by AMA Research, the Global Expendable Packaging market is expected to see growth rate of 6.2%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) |
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 |
Influencing Trend:
Development of Environment-Friendly and Light Weight Expendable Packaging Solutions
Market Growth Drivers:
Growing Automotive Industry Fueled the Demand for Expendable Packaging and Increasing Demand for Cost Effective Packaging Material
Challenges:
Availability of Alternative Such As Returnable Packaging
Restraints:
Inability to Handle Mechanical Stress for Heavy Weights in Corrugated Packaging and Environmental and Recycling Concerns Associated With Packaging Material
Opportunities:
Growing Demand from Healthcare Industry and Increasing Demand for Sustainable Packaging Solutions
Competitive Landscape:
Numerous players are present in the market hence fragmented nature of the market. Market leaders are focusing on technological development towards the development of sustainable packaging solutions. Increasing demand from numerous industries such as healthcare, automotive, and others generating lucrative opportunities for the companies involved in expendable packaging.
Some of the key players profiled in the report are Nefab Group (Sweden), Kite Packaging (United Kingdom), UK Packaging (United Kingdom), Raja Pack (United Kingdom), Glen Pack (United Kingdom), Packability (United Kingdom), AUS Packaging (Australia), Atlas Packaging (United Kingdom), Industrial Packers (India) and Coroflot (India). Additionally, following companies can also be profiled that are part of our coverage like Corrugated Container Inc. (United States), Atlantic Corrugated Box (United States), WestRock (United States), Georgia-Pacific LLC (United States) and Menasha Corporation (United States). Analyst at AMA Research see United States, United Kingdom Vendors to retain maximum share of Global Expendable Packaging market by 2030. Considering Market by Material, the sub-segment i.e. Corrugated will boost the Expendable Packaging market. Considering Market by End User, the sub-segment i.e. Automotive will boost the Expendable Packaging market.
Latest Market Insights:
In October 2023, Sonoco Products, a leading manufacturer of industrial and consumer packaging, acquired Highland Container Corporation, a prominent producer of corrugated cardboard boxes and related products. This deal strengthens Sonoco's position in the North American corrugated packaging market.
In November 2023, Ranpak, a provider of paper-based protective packaging solutions, announced a partnership with Smurfit Kappa, a leading paper-based packaging manufacturer. The collaboration aims to develop and promote sustainable packaging solutions for e-commerce and other applications.
What Can be Explored with the Expendable Packaging Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Expendable Packaging Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Expendable Packaging
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Expendable 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 in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Expendable Packaging market.
In order to make priority list sorting is done based on revenue generated based on 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 Manufactures of Expendable Packaging, Raw Materials Suppliers of Expendable Packaging, Aftermarket Suppliers of Expendable Packaging, Government and Other Regulatory Bodies, Technology Investors, Research Institutes and Organizations and Others.
This helps us to gather the data related to 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 includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.