GAG Deco Sheet Market 2022 | Owing to Increased Applications In End-User Industry

According to Precision Business Insights (PBI) latest report the global GAG deco sheet market was valued at USD 523.8 million in 2021 and is expanded to grow at a significant CAGR of 5.4% over 2022-2028. The sheet used for blister packaging of products that require high transparency is called rigid film or film. The technological advancements in the GAG deco sheet market are creating demand for the GAG deco sheets, thus, boosting the growth of the GAG deco sheet market. However, the fast-paced recovery of developing nations from the COVID impact is expected to bolster the GAG Deco Sheet Market demand.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/gag-deco-sheet-market/

Food Packaging Segment Dominates the GAG Deco Sheet Market:
The food packaging segment is anticipated to account for the most significant proportion of the GAG deco sheet market by 2028, based on application. This surge is due to increase in demand for food and beverages. Rise in demand for food packaging in various end-use industries also drives the growth of this segment. Food packaging innovation is driven by convenience characteristics such as easy opening, portability. The expansion of the food packaging segment is driven by two factors: visual appeal and convenience.

Asia-Pacific Leads GAG Deco Sheet Market:
Asia Pacific accounted for major market share in global market with significant CAGR owing to the presence of major market key players in the APAC region especially in countries like China, Korea, and Japan. Moreover, increasing applicability of GAG deco sheets in various sectors are making it popular among the consumers. After APAC, Europe dominates the global market due to technological development in GAG deco sheets such as UV resistant property of GAG deco sheets.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global GAG deco sheet market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In May 2021, Toray Plastics joined the Association of Plastics Recyclers, an international trade association that represents the plastics recycling industry. Its member companies are committed to the success of plastics recycling. In March 2021, Renault S.A. announced the successful sale of its entire stake in Daimler AG (i.e. 16,448,378 shares representing 1.54% of the share capital of Daimler) at a price of 69.50 euros per share.

Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=38178

The GAG deco sheet market is segmented based on type, application, and geography.
Based on the Type, the market is segmented into the following:
• Food Grade
• Industrial Grade
• Others

Based on the Application, the market is segmented into the following:
• Food Packaging
• Non-Food Packaging
• Signboard/Display
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

Request Methodology: https://precisionbusinessinsights.com/request-methodology?product_id=38178

Key player's profiles in the GAG deco sheet market report are Renault, CI Takiron, LG Hausys, Hanwha L&C, Sumitomo Bakelite, Hanwha L&C, LG Hausys, Toray Plastics Inc, KP Tech, JIN Young Chemical Company Limited, Fortune PET Pack, SICHT PACK HANGER. GAG.

Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 85278174

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.