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Strip Pack Market Revenue to Record Stellar Growth Rate During 2017 - 2027

01-10-2019 03:07 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Strip Pack Market Revenue to Record Stellar Growth Rate During

In the course of recent years, there has been a sharp ascent in the interest for strip packs from the pharmaceutical companies. These packs are exceptionally received over the business attributable to their benefits such as toughness, tamper proof, protection against environmental factors, and inexpensive. Strip packs which are opaque in nature protects the object from UV radiations of the sun. Strip packs also increases the shelf life of the product by creating a barrier for oxygen and moisture due to multiple layers. Furthermore, the light weight of strip packs are also creating advantages for the market. Strip packs also reduces the spillage of the product, provides the feature of anti-counterfeiting, easy to open and improves the recognition of the brand. All these trends are the key factors for creating growth opportunities for strip packs market.

Global Strip Pack - Market Dynamics:

Global strip pack market is growing at a significant rate over the forecast period 2017-2025. The market for strip pack is basically driven by the expanding pharmaceutical industry as they are primarily used for packaging of tablets, pills and capsules. Strip packs are also gaining traction between the pharmaceutical packaging manufacturers due to the property of anti-counterfeiting. In addition, the market for strip packs are also accelerating due to various value added features such as cost effective and affordable packaging solution. Furthermore, strip packs are also available in customized packaging solution for different customers.

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The rising demand for light weight packaging solutions for pharmaceutical products are also one of the factors which are positively increasing the demand in strip packs market. Nevertheless, the arrival of bio based plastics are opening new opportunities for companies which are manufacturing strip packs. Moreover, the market for strip pack is restricted due to unsuitability of strip pack for heavy products. Digital printing on strip packs is a key trend prevailing in the global strip pack market and is expected to contribute to the overall market growth.

Global Strip Pack Market – Key players:

Few of the key players in the strip pack market are Constantia Flexibles Group GmbH, Amcor Ltd., Wasdell Packaging Limited, Bemis Company, Inc., Mikart, Inc., ACG Pharmapack Private Limited, Svam Packaging Industries Pvt. Ltd., etc. 

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. 

Report Highlights : Detailed overview of parent market,Changing market dynamics in the industry,In-depth market segmentation,Historical, current and projected market size in terms of volume and value,Recent industry trends and developments,Competitive landscape,Strategies of key players and products offered,Potential and niche segments, geographical regions exhibiting promising growth,A neutral perspective on market performance,Must-have information for market players to sustain and enhance their market footprint.

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About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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