openPR Logo
Press release

Next Generation Packaging Market to Witness an Outstanding Growth by 2032

08-12-2022 01:51 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Next Generation Packaging Market

Next Generation Packaging Market

Future Market Insights (FMI) delivers key insights on the global next generation packaging market in its upcoming report titled "Next Generation Packaging Market: Global Industry Analysis and Opportunity Assessment 2022-2032". The global next generation packaging market is projected to expand at a CAGR of 6.01% during the forecast period due to various factors, regarding which FMI offers vital insights in detail in this report.

On the basis of applications, the market has been segmented into food & beverages, healthcare & pharmaceuticals, personal care, logistics & supply chain and others. The food & beverages applications segment is estimated to account for over 43% share of the global next generation packaging market by the end of 2015.

The healthcare & pharmaceutical applications segment is expected to be the second largest segment, accounting for over 30% share of global next generation packaging market by the end of 2015. The personal care applications segment is expected to expand rapidly at a CAGR of 6.30% during the forecast period. Furthermore, the logistic & supply chain application segment in the market is expected to cross US$ 49.3 Bn mark by the end of 2032.

Get Sample of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-709

On the basis of packaging type, the market has been segmented into various types, such as active packaging, intelligent packaging and modified atmosphere packaging (MAP). Among all the types, the active packaging segment is expected to hold the largest market share of over 36% by the end of 2015, followed by intelligent packaging segment, which is expected to account for over 33% share of the overall market by the end of 2015.

The modified atmosphere packaging segment is expected to account for over 29% share of the overall market by the end of 2015, but it is expected to lose its share to other packaging types by the end of 2025.

Growth of the global next generation packaging market is mainly driven by increasing aging population, overall advances in packaging materials and rising need of sustainable packaging. Moreover, trends that are driving the growth of the next generation packaging market are increasing research and development spending on packaging technology, growing adoption of Quick Response (QR) codes on packaging and development of advanced sensors.

This report covers trends that are driving the growth of each segment and respective sub-segments and offers analysis and insights on the potential of the next generation packaging market in specific regions. North America is expected to dominate the next generation packaging market, accounting for over 36% share of the overall market by the end of 2015, and is anticipated to remain dominant till the end of 2025. Western Europe is expected to be the second largest market, accounting for over 20% of market share by the end of 2015.

APEJ and Japan, collectively, are expected to account for over 26% share of the total next generation packaging market by the end of 2015. Among all the regions, Latin America is anticipated to expand at the highest CAGR from 2015 to 2025, followed by the Middle East & Africa, due to increasing investment and economic development in these regions.

Request Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-709

Key players in the global next generation packaging market include Amcor Limited, WestRock Company (Formerly MeadWestvaco Corporation), Sonoco Products Company, Sealed Air Corporation, Stora Enso Oyj, Bemis Company, Inc., MULTIVAC, WS Packaging Group, Inc., Active Packaging Ltd. and ULMA Packaging, S.Coop .Currently, major participants, such as Amcor Limited and Sonoco Products Company, are focusing more on business expansion in emerging regions in order to enhance their global presence.

In addition, these key players are also focusing on expanding their packaging portfolio through acquisitions and mergers. For example, in 2015, MeadWestVaco Corporation and Rock-Tenn Co. merged together by creating new WestRpck Company.

This Merger will help them to be a second-largest packaging company in the U.S. In 2015, Stora Enso Oyj entered into a joint development agreement with NXP Semiconductors N.V. for developing intelligent packaging solutions. This development is intended to primarily focus on the integration of RFID technology into packaging, in order to enhance consumer engagement and improve supply chain efficiency

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Next Generation Packaging Market to Witness an Outstanding Growth by 2032 here

News-ID: 2704440 • Views:

More Releases from Future Market Insights

Maca Magic Unleashed: Black Maca Extract Market Set to Hit USD 119.1 million by 2035 as Innovation Powers Wellness Boom
Maca Magic Unleashed: Black Maca Extract Market Set to Hit USD 119.1 million by …
The Quiet Revolution of Natural Wellness: Market Trajectory The global market for Black Maca Extract is experiencing a powerful, yet consistent, surge driven by the modern consumer's pivot toward natural and proactive health management. Far from a passing fad, this market is demonstrating robust and stable growth, with projections showing its value will nearly double over the next decade. Based on recent analysis, the market is set to expand from an
Fluoroquinolones ELISA Kit Market to Reach USD 144.7 Million by 2035 with 8.5% CAGR Growth
Fluoroquinolones ELISA Kit Market to Reach USD 144.7 Million by 2035 with 8.5% C …
The global fluoroquinolones ELISA kit market is set to undergo a decade of steady and transformative growth, rising from an estimated USD 64 million in 2025 to a projected USD 144.7 million by 2035. This expansion, at a compound annual growth rate (CAGR) of 8.5%, reflects the increasing need for accurate, reliable, and efficient diagnostic tools across industries such as food safety, pharmaceuticals, veterinary care, and environmental monitoring. From 2021 to
Medical Implants Precision Machining Service Market Poised for 6.4% CAGR Growth to 2035
Medical Implants Precision Machining Service Market Poised for 6.4% CAGR Growth …
Global Market Outlook: A Decade of Expanding Precision The medical implants precision machining service market is entering a decisive decade, with a strong growth trajectory driven by demand for advanced surgical solutions and innovations in multi-axis machining technologies. According to new projections, the market will expand from USD 1,056.4 million in 2025 to USD 1,964.5 million by 2035, marking a compound annual growth rate (CAGR) of 6.4%. Between 2021 and 2025, the
NGS Solution for Early Cancer Screening Market to Reach USD 2,393.5 million by 2035 Amid Precision Medicine Growth
NGS Solution for Early Cancer Screening Market to Reach USD 2,393.5 million by 2 …
Early Cancer Detection Enters a Transformative Era The fight against cancer is undergoing a profound transformation as the global healthcare sector accelerates the adoption of next-generation sequencing (NGS) technologies for early cancer detection. According to market forecasts, the NGS solution for early cancer screening market will grow from USD 591.6 million in 2025 to nearly USD 2,393.5 million by 2035, representing a 305% total growth and a 15% compound annual growth

All 5 Releases


More Releases for Packaging

Personalized Packaging Market 2019 By Key Players: Owens Illinois, Salazar Packa …
Personalized Packaging Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. Download PDF Sample of this Report @ http://www.supplydemandmarketresearch.com/home/contact/277379?ref=Sample-and-Brochure&toccode=SDMRCH277379&utm_source=S2 The following manufacturers are covered: Owens Illinois Salazar Packaging Design Packaging PrimeLine Packaging International Packaging Elegant Packaging Pak Factory ABOX Packaging ACG Ecopak CB Group SoOPAK Company Huhtamaki
E-Commerce Packaging Market by Top Key Players - Pioneer Packaging, Arihant pack …
E-commerce packaging involves the use of materials for safe packaging of products sold by the e-commerce industry. E-commerce packaging plays a vital role in the consumers' perception about the e-retailer. It also indicates the perceived value of the item received. Packaging reflects the value of shipment in the e-commerce supply chain, that is, better the packaging, better the product inside it. Get Sample Copy of this Report @ https://www.bigmarketresearch.com/request-sample/2904563 The E-Commerce
Luxury Packaging Market 2019 SWOT Analysis By Top Key Players; MW Luxury Packagi …
Luxury Packaging Market report provides an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. The company profiles of all the key players and brands that are dominating the Luxury Packaging Market with moves like product launches, joint ventures, merges and accusations which in turn is affecting the sales, import, export, revenue and CAGR values are mentioned
Global Luxury Packaging Market 2019 Top Key Players: MW Luxury Packaging, Progre …
Summary WiseGuyReports.com adds “Luxury Packaging Market 2019 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2024” reports to its database. This report provides in depth study of “Luxury Packaging Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Luxury Packaging Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as
Top Manufacturer in Luxury Packaging Market 2019: MW Luxury Packaging, Progress …
Luxury packaging is used for packaging and decorating high-end products.An increase in the luxury product consumption rate and the number of product launches in the fashion and cosmetic sectors are some major factors driving the market growth. The global Luxury Packaging market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives
Personalized Packaging Market 2025 | Design Packaging, Inc., PrimeLine Packaging …
As per the new market report published by Research Report Insights titled ‘Personalized Packaging Market’: Global Industry Analysis and Forecast 2017-2025’, global personalized packaging market attained a value worth US$ 25,577.9 Mn in 2017 and will possibly thrive at a promising CAGR of 5.1% over the forecast period (2017-2025). The global personalized packaging market has witnessed solid growth during the past few decades, owing to the increasing trend of luxury