Secondary Packaging Market by Platform Type, Technology and End User -Industry Statistics, Scope, Demand by 2031

Secondary Packaging Market - An Overview
The global secondary packaging market is expected to witness strong growth during the forecast period between 2021 and 2031.

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Secondary packaging refers to external packaging to the primary packaging that offers protection to the product.

Deployed in numerous end-use industries such as food and beverages, healthcare, personal care, and consumer electronics, some of the components involved in secondary packaging include folding cartons, plastic crates, wraps and films, and corrugated boxes.

COVID-19 pandemic negatively impacted growth in numerous markets worldwide. However, the global market was positively impacted growth by the outbreak of the pandemic.

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Rising cases globally led to governments imposing stringent social distancing regulations and lockdowns. However, secondary packaging solutions such as corrugated boxes and folding cartons witnessed increased demand from online distribution channels such as e-commerce websites from different end-use industries such as pharmaceutical.

This ensured that overall market continued to witness steady growth during the COVID-19 pandemic phase.

With benefits such as reduced price and doorstep delivery, it is expected that online distribution channels will continue to remain a key revenue-generating source for leading players in secondary packaging market, during the post-pandemic phase.

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Secondary Packaging Market - Trends and Opportunities
Rising deployment to transport medical products is the key growth driver for global secondary packaging market.

Also, growing need for eco-friendly packaging solutions is expected to fuel the growth in secondary packaging market, in the coming years.

In addition to this, stringent government regulations concerning the adoption of sustainable packaging solutions is expected to positively impact secondary packaging market, in the years ahead.

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Food and beverages end-use industry is expected to emerge as largest contributor, in terms of revenue, to overall secondary packaging market because of growing awareness among leading food and beverages manufacturers to use environment-friendly packaging solutions in prominent countries worldwide.

Secondary Packaging Market - Competitive Landscape
Competition in global secondary packaging market is intense owing to presence of numerous prominent players. Many of these players are expected to account for a large share in overall market, in the coming years.

Research and development undertakings could be key, revenue-generating growth strategy for well-established market players, in future.

New product launches could help prominent market players gain a competitive edge over others as well as generate large amounts of revenue.

Leading market player BillerudKorsnas signed a collaborative agreement with Oatly, in November 2021, in a bid to develop new secondary packaging solution for Oatly's products, manufactured in Singapore.

Collaborative agreements with smaller players could help well-established secondary packaging market players expand their market presence and increase their revenue shares.

Some of the leading players in global market include DHL, Saddle Creek Corporation, ARI Packaging Company, CCB Packaging Inc., and Unette Corporation.

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