United Kingdom Packaging Market Astonishing Growth with Top Influencing Key Players like Amcor PLC, Ball Corp., Winpak Ltd, DS Smith PLC, Mondi Group

Latest research on United Kingdom Packaging Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the United Kingdom Packaging market. This report included a special section on the Impact of COVID19. Also, United Kingdom Packaging Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the United Kingdom Packaging industry.

United Kingdom Packaging market is growing at a CAGR of 3% during the forecast period (2021-2026).

The United Kingdom Packaging market is highly competitive and consists of a number of major players. Top Companies like Amcor PLC, Ball Corp., Winpak Ltd, DS Smith PLC, Mondi Group, Owens Illinois Inc., Crown Holdings Inc., Berry Global Inc., Sealed Air Corporation, Sonoco Products Company

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Industry News And Developments:

- May 2019 - Amcor Limited and Bemis Company Inc. announced that the regulatory clearance was received from the US Department of Justice, in relation to the combination of the two companies. A condition of this approval is the previously announced sale of certain Amcor’s assets in the United States to Tekni-Plex Inc.

- November 2019 - Heineken U.K. announced to introduce cardboard packaging to replace the plastic rings used on its multipack cans.By the end of 2021 all of Heineken U.K.’s multi-pack cans, which include brands such as Strongbow and John Smith’s, will be free from plastic.

- May 2019 - DS Smith Plastic’s Injection Moulding business segment launched a new line of packaging options known as Loop Ready Packaging (LRP). LRPs are robust, reusable, returnable, and fully recyclable packaging options that deliver incredible benefits for brands, retailers, consumers, and the planet.

Scope of the Report

- According to the Packaging Federation of the United Kingdom, the UK packaging manufacturing industry has an annual sales of GBP 11 billion. It employs more than 85,000 people that represent 3% of the United Kingdom’s manufacturing workforce. Also, it is a significant contributor to the UK GDP and a vital link in the broader packaging supply chain

- Moreover, the growth of e-commerce sales, increasing demand from the food and beverage manufacturers for eco-friendly and recyclable packaging, increasing demand for personalization of products, and the growing industrial packaging are driving the growth of packaging market in the United Kingdom. According to the Office of the UK National Statistics, the e-commerce sales in the United Kingdom in 2018 was GBP 688.4 billion.

- Plastic packaging constitutes a significant part of the UK packaging industry. According to the UK Parliament Plastic Waste Report, 2018, over 2 million metric ton of plastic packaging was being used in the country every year. Also, according to green clean guide, over 53% of all goods are packed using plastic materials.

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Key Market Trends

Impact of COVID-19 Pandemic on the Market

- With the recent outbreak of COVID 19, the United Kingdom packaging market is witnessing a decline in the growth, owing to widespread lockdown adopted by government and supply chain disruption faced due to lockdown.

- All the sectors except healthcare and food and beverage are shut down in the country. Thus, the packaging manufacturers are extending their support to the healthcare sector by providing the necessary packaging materials.

- In the United Kingdom, the demand for glass bottles for milk surged from the beginning of 2018, and according to a survey by BBC, 17 firms out of 20 that were surveyed stated a rise in sales of bottled milk (glass) to homes and businesses, amid the increasing concerns over waste from the usage of plastic. This is expected to be influenced significantly due to disruption in the supply chain of milk due to the COVID-19 outbreak, and according to a warning from NFU, up to 30% of dairy farmers could be affected by milk price cuts due to the slump in demand.

Plastic Packaging Shares a Substantial Market

- Plastic packaging has changed the ways in which the packaging industry used to function in the United Kingdom. Packaging solutions are lightweight, durable, and comfortable, and these are some of the factors that augmented the use of plastics as a packaging material across the United Kingdom.

- The demand for plastic packaging continues to surge even though serious concerns are being raised about its impact on the environment. However, the market will face challenges from government regulations and consumer demand, pushing the manufacturers to look for alternative plastic packaging solutions that are biodegradable or derived from sustainable sources.

- Packaging solutions are used across various industries, such as manufacturing, retail, and healthcare. Plastic packaging has gained significant traction in the healthcare industry, due to its high barrier properties, long shelf-life, and durability. The demand for plastic packaging solutions will continue to grow throughout the forecast period.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: United Kingdom Packaging Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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