Press release
Combination Packs Market : Industry Size, Share, Growth, Forecasts 2017 - 2027
The main objective of this report is to define, describe, and forecast the global “Combination Packs” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Combination Packs Market: Introduction
Manufacturers and brand owners around the world are seeking innovative ways to provide complementary and multiple product categories through singular packaging formats. Combination packs provide manufacturer and suppliers a flexible solution to cater different end use segments. Combination packs are popularly used in packaging of chemicals, cosmetics and pharmaceutical products. Ease and convenience in safe transport of hazardous chemicals for multiple container formats has supported the growth of global combination packs market.
Combination Packs Market: Segmentation
The global market for combination packs is segmented on the basis of product type and end use.
On the basis of product type the global market for combination packs is segmented as follows:
Blister Packs
Folding Cartons
Bottles
Cans
Corrugated Boxes
Others
On the basis of end use the global market for combination packs is segmented as follows:
Food & Beverages
Hazardous Chemicals
Pharmaceuticals
Cosmetics and Personal Care
Homecare and Toiletries
Others
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Combination Packs Market: Market Dynamics
The global market for combination packs is characterized by supply of packaging formats such as corrugated cases and cartons, folding cartons, plastic bottles, blister packs, etc. The market for combination packs is witnessing the emergence of packaging formats fabricated through thermoforming technology. Packaging manufacturers with thermoforming capabilities are supplying combination packs with custom or bespoke designs and functionalities.
Thermoforming technology allows manufacturers to customize packaging solution. Combination packs incorporated with customization features are expected to find lucrative market opportunities over the forecast period. In May 2017, pharmaceutical manufacturer Novartis Pharmaceuticals Corp. developed combination pack for its product Kisqali Femara. The combination pack provides solution for packaging of advanced breast cancer prescription products. The packaging design allows Novartis to employ the solution for varying dosages.
In 2014, packaging manufacturer Ecobliss received recognition for innovation in blister carton combination pack. The combination pack developed by Ecobliss constitutes a box shaped blister pack wherein the glued flaps are eliminated. The combination pack provides features of blister packaging and also of a folding carton. The combination pack developed by the company caters to packaging of healthcare products including prefilled syringe, needles, water bottled injection suspension, etc.
Combination packs have emerged as an effective packaging solution in the North America pharmaceutical packaging market. Innovation by manufacturers in the North America and Europe region is expected to spread across the Asia Pacific and GCC market due to shift in focus by multinational packaging manufacturers towards emerging markets
Apart from pharmaceutical and healthcare packaging, combination packs are expected to continue new applications into varied end use segments such as food and beverages, cosmetics and personal care, homecare, etc. Cosmetics and personal care end use segments are expected to register considerably high CAGR over the forecast period, 2017-2027 as manufacturers and brands innovate in terms of product offering.
Manufacturers and brand owners operating in the cosmetics and personal care segment are developing ways to provide multiple product categories through innovative packaging formats. Combination packs provide manufacturer and suppliers effective and flexible solution to cater to application in consumer products packaging. Combination packs also provide ease and convenience in safe transport of hazardous chemicals through complex supply chain processes.
Combination Packs Market: Regional Outlook
The Combination Packs market is segmented into 7 key regions including North America, Latin America, Eastern Europe, Western Europe, Middle East and Africa (MEA), Asia Pacific Excluding Japan (APEJ) and Japan.
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Global Combination Packs Market: Competitive Landscape
Some of the players operating in the Combination Packs market include Nelson Container Corporation and Ecobliss Holding BV. The global market for combination packs is expected to witness entry of multinational as well as domestic packaging manufacturers over the forecast period, 2017-2027.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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