Massive growth in Micro packaging Market analysis by top key players

The creation of an impermeable layer of just few millimeters thick by using nano-particles is known as micro packaging. The flexibility, isolation, and cost effectiveness provided by this technique makes it an appealing packaging technique. Micro packaging has been employed in food, beverages, and pharmaceutical industries. The leaking of oxygen into the package results in increased rate of oxidation, which will reduce the shelf life of the product. Also, contamination from dust and pathogens will affect food quality. An alternative to micro packaging is coating of metal or glass on the packaging, but this will result in reduced flexibility.

Apply Promo Code "CMIFIRST1000" And Get Instant Discount Of USD 1000

Buy This Premium Research Report: https://www.coherentmarketinsights.com/insight/buy-now/778

Primary packaging is the layer, which is in contact with the product. Its function is to provide protection to the product from external factors and isolate it from the environment. Any subsequent packaging layers can be installed after this layer. The secondary packaging’s use is to protect the primary packaging layer and also serve branding, promotion, and logistical purposes. Any additional packaging is also called tertiary packaging.

The pharmaceutical industry is expected to be the largest driver of the micro packaging market in both packaging and drug delivery applications. Increased shelf life of medicines has fueled the use of micro packaging.

Asia Pacific is the fastest growing region in the micro packaging market. The burgeoning food and beverage industry has contributed to market growth, due to large amount of time spent by goods in transit and long shelf lives in products is vital. Moreover, India and China are hubs for manufacture of pharmaceuticals, which are then sold in Europe and North America.

The European Union (EU) in 2017 awarded the NanoPack consortium US$ 8.8 million (€7.7 million) to develop anti-microbial surfaces to improve shelf life of products. The consortium was led by Technion-Israel Institute of Technology and has seventeen more partner organizations.

Major players in the micro packaging market are Alcoa Inc, Amcor, Bemis, Beijing ChamGo Nano-tech Co. Ltd, Color Matrix Corporation, Honeywell, InMat.

Micro Packaging Market Taxonomy

On basis of Packaging function, the Micro packaging market is segmented into:

Primary Functions
Protective
Storage
Loading and Transport

Secondary Functions, the Micro packaging market is segmented into:
Sales
Promotion
Service
Guarantee
Tertiary Functions

On basis of packaging type, the Micro packaging market is segmented into:

Paper and Board
SBS
WLC
Other
Corrugated Boxes
Boxboard
Rigid Boxes
Folding Boxes
Trays
Flexible Paper
Paper bags
Shipping Sacks
Sachets/Pouches
Blister and Strip Packs
Stand up Pouches
Glass
Liquid Cartons
Brick Liquid
Gable Top Liquid
Shaped Liquid
Metal Packaging
Paper Based Container
Bag-in Box
Folding Container

On basis of end user industry, the Micro packaging market is segmented into:

Pharmaceuticals
Food and Beverage
Personal Care Products
Others

To Access the Sample Copy Report: https://www.coherentmarketinsights.com/insight/request-sample/778

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Name: Mr. Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
Visit Our Blogs: https://blog.coherentmarketinsights.com

This release was published on openPR.