Sugar Packaging Market 2021 Global Insights and Business Scenario – Mondi Group, United Bags Inc., FLexPack, Grupo Bio Pappel, Swiss Pack Limited

The “Global Sugar Packaging Market” Research Report 2021-2026 is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The sugar packaging market is expected to reach a CAGR of 4% during the forecast period (2021 - 2026).

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The research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

Top Companies in the Global Sugar Packaging Market: Mondi Group, United Bags Inc., FLexPack, Grupo Bio Pappel, Swiss Pack Limited, Packman Industries, TedPack Company Limited, BillerudKorsnäs Group, and Other.

Industry News and Update:

- In June 2020 - Mondi, a global packaging and paper group, has completed the implementation of a new state of the art paper sack converting machine at its Nyiregyhaza site in Hungary. The machine can allow the plant to open a new line of paper sacks for food packaging and can help to produce more than 130 million sacks annually.

Key Market Trends:

Plastic Material to Hold Significant Market Share

- Plastic Material is expected to hold significant market share as there are applications where plastic packaging solutions offer functionality that is difficult to replicate with any other packaging material. For instance, barrier properties for food or product preservation. Within plastic solutions, flexible plastic packaging uses over 70% less plastic raw Material than rigid-based packaging products, thereby reducing raw material input requirements.

- Packaging sugar with a plastic bag is the most common packaging type in the food packaging industry as this type of packaging offer moisture-proof, waterproof, and cost-effective packaging. Sugar manufacturers prefer this packaging as plastic bags can be colored or transparent to make it attractive. This packaging is widely used in both famous confectionery brands and familiar brands.

- Moreover, in January 2020, South Africa companies, including Unilever, Coca-Cola Africa, Danone, SPAR, and Massmart, announced the force Plastic Pact to reduce plastic usage following similar commitments from the UK, France, Chile, and the Netherlands. The companies are aiming at all plastic packaging reusable, recyclable or compostable by 2025. Additionally, they aim to recycle 70% of plastic packaging and use 30% recycled content across any plastic packaging. This recycling trend is expected to continue in recent years, which is estimated to impact the plastic packaging market for further product development in the market.

Regional Analysis:

Asia-Pacific to Witness Highest Growth

- Asia-Pacific to register the highest growth as the food packaging industry in the region is witnessing significant innovations in branding and packaging. Moreover, consumers in the region enjoy sugar confectionery for indulgence, where the experience is highly valued. India and China are the leading countries in the global consumption of sugar with 27 million metric tons and 15.2 million metric tons, according to the US Department of Agriculture.

- Moreover, owing to the rising population, increasing income levels, changing lifestyles, increased media penetration, and growing economy, the demand for packaging is growing. Also, it is one of the strongest growing sectors in the region. In India, more than 49% of the paper produced in the country is used for packaging purposes, according to Care Ratings, a prominent credit rating company in India,

- Furthermore, several regulations govern the packaging industry in the region, especially the food and beverage packaging sectors. Some major regulations include the Prevention of Food Adulteration Act 1956, Plastic Waste (Management and Handling) Rules 2011, and Food Safety and Standards (Packaging and Labelling) Regulations 2011.

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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: The Global Sugar 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, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2021 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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