Packaging Materials Market Analysis Focusing on Top Key Players – Crown Holding, Amcor, Ball Corporation, International Paper Company, Mondi, Owens-Illinois, Reynolds Group, Sealed Air, Stora Enso, Berry Plastics

The global packaging materials market is estimated to experience significant momentum in the ensuing years due to the growth of e-commerce industry followed by eco-friendly packaging trends, particularly in the food and beverage sector. The convenience of online ordering is attracting more and more users towards the e-marketplace, thereby bolstering the e-commerce sector which has spiked the demand for packaging materials like cardboard, paper, and foams, positively impacting the product demand.

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Amazon’s APASS program is dedicated to identifying suppliers capable of backing the development, production, and testing of packaging designs for e-commerce. Recently, Jabil Packaging Solution became a part of APASS (Amazon’s Packaging Support and Supplier Network) program. As a result, Jabil will be able to directly contact vendors, sellers, and manufacturers to help them follow Amazon’s strict guidelines for prep-free packaging, frustration-free packaging, and ships-in-own-container. Such initiatives indicate a positive impact on material demand, thereby propelling the packaging materials market in the foreseeable future.

The steady growth in the European pharmaceutical industry will also be one of the driving factors for packaging materials market in the study period. Germany, UK, France, Spain, and Italy are the largest pharmaceutical markets in the region accounting for around 70% of the total European market. The pharmaceutical market in these five countries is expected to grow by 25% between 2017 to 2022. Germany and France pharmaceutical industry sales will exceed USD 40 billion and USD 30 billion respectively by 2022, making them the largest markets in Europe. These factors are likely to increase packing materials consumption in the region and will boost the global packaging materials market till 2024.

Paper & cardboard is a key packaging materials segment is expected to generate revenues of more than USD 150 billion in 2024. This segment will gain by more than USD 4% each year from 2017 to 2024 owing to increasing usage of paper-based products for packing applications. Flexible paper packaging materials are widely used for food, pharmaceutical, and personal care products. Cardboard and corrugated board products are widely used in bulk, secondary as well as tertiary packaging applications for a wide variety of products.

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Among the different product types in the packaging materials market, bags, pouches, & wraps will be the largest segment which will grow by more than 4% CAGR during the study period. The superior performance of these products, lower costs and variety in shapes makes it one of the most sought-after product in the packing materials market.

Healthcare and cosmetics end-user segments are likely to combinedly account for more than 15% of the total market by 2024. Rising consumption of pharmaceutical products around the globe coupled with increasing personal care products demand will augment these end-user segments? market in coming years.

Major packaging materials market participants include Crown Holding Inc., Amcor, Ball Corporation, Mondi, Sealed Air, International Paper Company, Reynolds Group, etc. Apart from these main players, a considerable number of smaller companies are also present in market which caters to customers regionally.

Table of Content:

Chapter 1. Packaging Materials Market Methodology and Scope

Chapter 2. Packaging Materials Market Executive Summary

Chapter 3. Packaging Materials Industry Insights

Chapter 4. Packaging Materials Market, By Material

Chapter 5. Packaging Materials Market, By Product

Chapter 6. Packaging Materials Market, By End-user

Chapter 7. Packaging Materials Market, By Region

Chapter 8. Packaging Materials Market Company Profiles

Outer scope of this report good packaging is an engaging feature food and beverage brands majorly rely on for marketing products. However, as millennials currently account for a large chunk of the global population, packaging needs more than aesthetics to appeal. Millennials care about the environment & sustainable packages, on the grounds of which food companies are constantly upgrading their packaging with eco-friendly materials. For instance, McDonald’s has made plans to test eco-friendly plastic-straw alternatives in the U.S. and coffee giant Starbucks claims to toss straws completely by 2020.

While companies are driven to appeal to the green population, the demand for eco-friendly packaging materials will present a profitable growth stream to the global packaging materials market in the coming years.

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Related Report:

North America Electronic Packaging Materials Market by Manufacturers, Countries, Type and Application, Forecast to 2023

Electronic packaging materials are used to carry electronic components and their interconnection, Function as mechanical support, seal environmental protection, heat dissipation of electronic components and so on. Electronic packaging materials have good electrical insulation, it is the sealing material of an integrated circuit.

https://www.marketstudyreport.com/reports/north-america-electronic-packaging-materials-market-by-manufacturers-countries-type-and-application-forecast-to-2023?utm_source=RR-SP

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