Global Personalized Packaging Market: to boom due to technological advancements

The global Personalized Packaging market size was valued at $27.43 Billion in 2020 and is expected to reach $40.68 Billion by 2028 growing at the CAGR of 4.90% from 2021 to 2028.

This growth is attributed to :
● The increase in the demand for products made of sustainable material, owing to rising environmental concerns.
● Technological advancements like printed water-resistant boxes and changeable graphics on cartons used for the packing products ensure higher brand visibility among consumers.
● Personalized packaging ensures products emerge safer and better protected from being damaged during long-distance transport

However, the growth can be hindered as mass production of units is getting more problematic as producers must meet goals for both environmental impact and legal compliance.

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The recently published research report on Global Personalized Packaging Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Personalized Packaging market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Personalized Packaging market report also includes the following data points:
● COVID19 Impact on Personalized Packaging market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Personalized Packaging market

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Key Players
Some of the major Personalized Packaging players holding high market share include Owens Illinois Inc., Salazar Packaging, Inc., and Design Packaging, Inc. These players use acquisition and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Owens Illinois Inc
● Salazar Packaging
● Design Packaging
● PrimeLine Packaging
● International Packaging
● Elegant Packaging
● Pak Factory Inc
● ABOX Packaging
● ACG Ecopak
● ProAmpac LLC

Segmental Analysis

Market Segment By Material Type with focus on market share, consumption trend, and growth rate of Personalized Packaging Market:
o Glass
o Paper and Paperboard
o Plastic
o Metal

Market Segment By Application with the focus on market share, consumption trend, and growth rate of Personalized Packaging Market:
o Bottles
o Containers and Jars
o bags and Pouches
o Cartons
o Others

For more information: https://www.evolvebi.com/product/personalized-packaging-market-analysis-and-forecast-2021-2028-with-covid-impact-analysis/

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

The Asia Pacific personalized packaging market is estimated to grow at the highest growth rate over the forecast timeframe. The growth of this regional market is attributed to the rising demand of the food industry in products such as alcoholic beverages, carbonated drinks, and others. In addition, the per capita income of consumers in developing countries is growing at a substantial pace.

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