Packaging Materials Market Report 2019 Growth by Leading Players: Amcor Limited, Crown, International Paper, Stora Enso, Novio Packaging B.V., BALL CORPORATION, Reynolds, Sealed Air, Mondi, O-I, WestRock Company, COVERIS, Berry Global, DS Smith

The Packaging Materials Market report makes available the current and forthcoming technical and financial details of the industry. Few of the chief insights of the Packaging Materials Market report include; distinct analysis of the market drivers and restraints, major market players involved like Materials & Packaging industry, detailed analysis of the market segmentation and competitive analysis. It estimates CAGR values in percentages which help to know the rise or fall occurring in the market for particular product for the specific forecast period. Packaging Materials Market report also encompasses strategic profiling of key players in the market, systematic analysis of their core competencies, and draws a competitive landscape for the market.

The Packaging Materials Market report can be better employed by both traditional and new players in the industry for complete knowhow of the market. The Packaging Materials Market report brings into focus important industry trends, market size, market share estimates, and sales volume that assist Materials & Packaging industry to speculate the strategies to increase return on investment (ROI). Moreover, the Packaging Materials Market report holds a substantial importance when it is about explaining market definition, classifications, applications and engagements. With the study of competitor analysis conducted in this Packaging Materials Market report, Materials & Packaging industry can get fluency of the strategies of key players in the market that includes new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions.

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Market Analysis: Global Packaging Materials Market

Global Packaging Materials Market is expected to rise from its initial estimated value of USD 941.79 billion in 2018 to an estimated value of USD 1162.80 billion by 2026, registering a CAGR of 2.67% in the forecast period of 2019-2026. This rise in market value can be attributed to the growth in the adoption of e-commerce shopping.

Key Developments in the Market:

• In January 2019, Novio Packaging B.V. announced they had acquired Flacopac/Deflaco a Swiss-German combined company focused on plastic film-based packaging products and a distributor of glass bottles and pumps. This will help in expanding Novio’s share in the market and provide better packaging capabilities in the European region

• In January 2019, TricorBraun announced they had acquired Pacific Bag Inc. which will be combined with TricorBraun’s Taipak flexible packaging business and form TricorBraun Flex. This acquisition further expands the capabilities of flexible packaging divisions and includes various customers from the different regions of the world

Key Market Competitors:

Few of the major competitors currently working in the packaging materials market are

• Amcor Limited;

• Crown;

• International Paper;

• Stora Enso;

• Novio Packaging B.V.;

• BALL CORPORATION;

• Reynolds;

• Sealed Air;

• Mondi;

• O-I;

• WestRock Company;

• COVERIS;

• Berry Global Inc.;

• DS Smith;

• Graphic Packaging International, LLC;

• Huhtamaki;

• Smurfit Kappa;

• ProAmpac;

• TricorBraun;

• Sonoco Products Company;

• American Packaging Corporation;

• AVERY DENNISON CORPORATION;

• Ardagh Group S.A.;

• Evergreen Packaging LLC

• Gerresheimer AG.

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Market Definition: Global Packaging Materials Market

Packaging materials can be defined as the packaging products that are utilized to protect the contents that they are covering, these materials also include the raw materials that are utilized for the production of packaging products. Essentially, packaging materials are any type of materials that are utilized in the process of packaging of a particular product.

Market Drivers:

• Increasing demand for household products due to rising rate of urbanization is one of the major factors driving the growth of the market

• Growth in demand of various end-use products such as convenience food & beverages, personal care & cosmetics products; this factor is expected to drive the market growth

Market Restraints:

• Presence of strict regulations and bans on usage of plastics from the different regions of the world is one of the major factors restraining the growth of the market

• Increasing prices of various raw materials such as metals, wood, paper & paperboard among regulations and compliances for deforestation amid environmental concerns globally

Segmentation: Global Packaging Materials Market

By Material

o Paper & Paperboard
o Rigid Plastics
o Metals
o Flexible Plastics
o Glass
o Wood
o Textiles
o Others
o Wax
o Leather

By Product

o Containers & Jars
o Bags, Pouches & Wraps
o Closures & Lids
o Boxes & Crates
o Drums & IBCs
o Others

By Packaging Technique

o Primary Packaging
o Secondary Packaging
o Tertiary Packaging

By End-User

o Food
o Beverages
o Healthcare
o Cosmetics
o Household Products
o Chemicals
o Others
o Electrical & Electronics

By Geography

o North America

o South America

o Europe

o Asia Pacific

o Middle East & Africa

Key Insights in the report:

• Complete market analysis and forecasting

• Market definition, understanding the concept of packaging materials

• Market drivers and restraints of the industry

• Market segmentations and market share divided amongst them

• Key players in the market and their analysis

Competitive Analysis:

Global packaging materials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of packaging materials market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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