Press release
Packaging Nets Is Expected To Experience Immense Growth Due To Ever-Growing Demand For Packaging Materials Across The World
Global Packaging Nets Market OverviewPackaging nets are used as packages for a number of products depending upon the size and characteristics. Packaging nets are highly customizable and are used in various industries such as food & beverages, consumer goods, transportation, etc. The global packaging nets market size is predicted to grow at a healthy CAGR of more than 4% over the forecast period of 2020-2030, and is estimated to be valued at over US$ 1 billion by 2030. The market is expected to experience immense growth due to ever-growing demand for packaging materials across the world
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Growing research & development activities among key players and constant need for improved quality of packaging nets have also proven to be the propellers for this market. Amidst all these factors, the COVID-19 pandemic has significantly affected the market in a negative way. Due to the pandemic, there has been an exorbitant downfall in the supply and demand chain of packaging nets, thereby adversely affecting the over growth of the global packaging nets market.
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Packaging Nets Market Insights by Source
On the basis of source, the market is segmented into natural packaging nets and synthetic packaging nets. The synthetic packaging nets segment occupies over 58% market share. This product source also enjoys a higher growth rate as compared to natural nets; key reason being, increased demand for more durable and higher service life of packaging nets.
Additionally, ease of availability of raw materials and increased yield of synthetic packaging nets due to convenient manufacturing techniques are also some noteworthy factors propelling the segment in the global packaging nets market. Thus, key players in the market are very proactive regarding synthetic packing nets.
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Packaging Nets Market Insights by Application
The application segments in the packaging nets market are classified into food and non-food. These are further bifurcated into sub-segments of food, i.e. meat, seafood, fruits, vegetables, etc. The non-food sub-segments include consumer goods, sports accessories, etc.
Considering the market scenario, the dominating segment in the packaging nets market is the food segment, constituting approximately 66% of the overall packaging nets market share.
Key reason being the extensive demand for food products all over the globe and introduction of convenience factor of food items by packaging nets. Other segments such as non-food consumer goods are predicted to witness notable growth of 2.3% over the coming years.
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Packaging Nets Market: Segmentation
Fact.MR has studied the packaging nets market with detailed segmentation on the basis of by source, type, form, application, and key regions.
Source
Natural
Synthetic
Type
Extruded Nets
Knitted Nets
Form
Bags
Rolls
Application
Food
Fruits and Vegetables
Meat & Seafood
Others
Non-food
Consumer Goods
Sports Accessories
Others
Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Packaging Nets Market Manufacturers’ Key Strategies
The packaging nets market is fairly fragmented in nature. Several key players hold a worthwhile position in the market. These players are observed to be engaged in organic as well as inorganic growth strategies.
Leading key players in the global packaging nets market are
SWM
EXPO-NET
Giró Group
GSH Group
Intermas
Lenzing
MAAR
NorPlex Inc.
S.M. Enterprise
Starlinger Group
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