Press release
Layer Pads Market is Progressing At a CAGR of 6% From 2020-2030, Says TMR
The lightweight and barrier properties of layer pads result in an efficient logistics and supply chain for businesses. The global layer pads market is projected to advance at CAGR of 6% during the forecast period of 2020 and 2030.Access Complete Report of Layer Pads Market @ https://www.transparencymarketresearch.com/layer-pads-market.html
Rise in sales of alcoholic and non-alcoholic beverages has been propelling revenue growth in the layer pads market. The pressing need for customised layer pads packaging solutions in multiple industries is likely to pave the way to new revenue streams, notes the authors of the study on the layer pads market. A case in point is increasing preference of layer pads in the personal care industry for meeting the requirements of transporting glass containers. Paperboard and corrugated layer pads have been extensively used for transporting of a variety of food products. Multiple end-use industries find these to be sustainable packaging solution especially during warehousing and logistics.
Strides being made by retail and restaurant businesses over the decades has spurred the demand for layer pads. Businesses consumer goods, pharmaceuticals, and cosmetics are consciously adopting more biodegradable materials in the packaging of their products. The trend is invigorating the use of layer pads in warehousing and logistics, notes the market survey on layer pads.
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Key Findings of Layer Pads Market Study
Thriving Demand for E-commerce Sales to Underpin Abundant Opportunities: Over the years, rise in e-commerce sales has spurred the shipment of consumer goods in several regions across the world. Layer pads meet a wide variety of needs for pallet partitioning products of logistics companies. The preference of lightweight, waterproof material, and robust packaging materials during long-distance transportation of commercial and consumer goods is underpinning the popularity of products in the layer pads market.
Recyclability of Layer Pads Spurring Demand in Food & Agro Products Packaging: The food and beverages and agriculture industries are massively adopting layer pads on the back of the increasing popularity of layer pads as sustainable packaging for logistics and warehousing. The beverage segment is estimated to account for a major share of the global market.
Safe Packaging for Consumer Electronics Propelling Sales of Layer Pads: Rise in shipment of consumer electronics especially across emerging economies has spurred the sales of products in the layer pads market. The popularity is bolstered by the increasing adoption of safe and lightweight packaging for the electronics products. Particularly, the demand for gaming consoles has risen significantly, thereby fueling the adoption of layer pads.
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Layer Pads Market: Key Drivers
Increasing sustainability trend in the food and beverage packaging is a key driver of the layer pads market.
The thriving e-commerce sales of consumer electronics in recent years has spurred the use of layer pads, find a TMR study scrutinizing key drivers and emerging avenues for stakeholders in the layer pads market.
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Layer Pads Market: Regional Growth Dynamics
Authors of the TMR study on the layer pads market have found that North America and Western Europe have witnessed massive adoption of recyclable and biodegradable packaging for various industries. The two regional markets are expected to contribute leading share to the global market during the forecast period.
Asia Pacific is anticipated to generate substantial lucrative opportunities in the next few years. The Asia Pacific layer pads market is expected to be propelled majorly by robust growth of the consumer electronics industry.
Layer Pads Market: Key Players
Prominent players in the layer pads market include Weedon Group Ltd., DA Pak Ltd., KARTON S.p.A, Parkside Packaging Limited, American Container Concepts Corp., and M & M Box Partitions Co.
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