Press release
Packaging Solutions Market is projected to reach USD 1505.13 Billion by 2030 : Cognitive Market Research
Packaging Solutions Market is projected to reach USD 1505.13 Billion by 2030 : Cognitive Market Research
What are Packaging solutions?
- Packaging solutions include several types of mediums packaging, which provide a protective cover to the product and protect the product during transportation, material handling, and storage. This is providing information about the contents and other essential information. In addition, the packaging requirements in personal care & cosmetic product, beverage, and food sector.
Summary:
• The Global Packaging Solutions Market size was valued at USD 1100.12 Billion in 2022 and will grow at a CAGR Of 4.0 % during the forecast period, reaching USD 1505.13 Billion by 2030.
• Asia-Pacific has the largest revenue share in the packaging solutions market.
"To know more about The Packaging Solutions Market statistics click here: https://www.cognitivemarketresearch.com/packaging-solutions-market-report
Market Dynamics:
Packaging Solutions Market Drivers:
- Increasing packaging requirements in the personal care & cosmetic product, beverage, and food sector is the major factor expected to drive the growth of the packaging solutions market. In addition, increasing customer demand for packaged goods and demand for cosmetics is likely to boost the demand for the packaging solutions market.
Packaging Solutions Market Opportunities:
- The advancement of packaging solution technology will present growth opportunities for the packaging solutions market in the forecast period. In addition, increasing customer demand for packaging goods is projected to create growth opportunities for the packaging solutions market.
Packaging Solutions Market Restraints:
- Strict government regulation about non-eco-friendly packaging and fluctuating raw materials price are the key factors hampering the growth of the packaging solutions market. In addition, an increasing number of large firms which are constantly enhancing current packaging solutions may restrict the growth of the packaging solutions market.
Segmentation Analysis:
Material
• Glass
• Paperboard and Paper
• Metal
• Plastic
• Others
Based on material, the plastic segment has the largest revenue share in the packaging solutions market. This is attributed to plastic packaging's good barrier qualities, resilience, and durability to withstand moisture and contamination projected to fuel the growth of the packaging solutions market.
Packaging type
• Recycled
• New
Based on packaging type, the new segment has the major revenue share in the packaging solutions market. This is due to the new type of packaging made up of various materials including paper pulp extracted from ores, extracted from trees, and others are likely to propel the growth of this segment.
End-user industry
• Industrial
• Personal care
• Food and beverage
• Healthcare
• Other consumer goods
Based on the end-user industry, the food & beverages segment has the largest market share in the packaging solutions market. This is owing to the food and beverages industry's use of various packaging solutions including cartons, bags, pallets, PET bottles, cans, wrappers, HDPE bottles, boxes, flexible packaging, and trays. In addition, this includes non-alcoholic and alcoholic beverages and various food products is expected to drive the demand for this segment in the target market.
The Major Players in Packaging Solutions Market are:
Luca Logistic Solutions, Ehrhardt + Partner Group, Titan-machinery, Solomon, Applied Automation Robotics, Arr-Tech, Packaging Progressions, Camu
Get free sample pages of the latest published Packaging Solutions market Report:
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Regional Analysis:
- Asia-Pacific accounted for the largest share of the packaging solutions market
Asia-Pacific has the largest revenue share in the packaging solutions market. This is due to the expansion of the packaging industry in the region is anticipated to drive the growth of the global packaging solutions market in the region
Packaging Solutions Industry News:
• Smurfit Kappa has launched the TopClip packing system designed
In February 2021, Smurfit Kappa Group PLC has launched an innovative TopClip packing system, a paper-based replacement for plastic shrink wrap bundles beverage multi-packs. This product ensures suitable for beverage companies of all sizes and broadens the portfolio of Smurfit Kappa's endways solutions for TopClip.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Packaging Solutions Market
• 3.1 Global Packaging Solutions Market Size 2018 - 2030, (USD Million)
• 3.2 Global Packaging Solutions Value, Absolute & Opportunity Analysis
• 3.3 Global Packaging Solutions Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Packaging Solutions Market Statistics 2022: Snapshot
Chapter 4 Global Packaging Solutions Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
• 6.1 Overall Company's Disclosure Score
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Packaging Solutions Market by Material Segmentation Analysis (2018-2030)
Chapter 10 Global Packaging Solutions Market by End-user Industry Segmentation Analysis (2018-2030)
Chapter 11 Global Packaging Solutions Market by Packaging Type Segmentation Analysis (2018-2030)
Chapter 12 Global Packaging Solutions Market Regional Analysis
Chapter 13 North America Packaging Solutions Market Outlook (2018 - 2030)
Chapter 14 Europe Packaging Solutions Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Packaging Solutions Market Outlook (2018 - 2030)
Chapter 16 Latin America Packaging Solutions Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Packaging Solutions Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Packaging Solutions Market TOC click here: https://www.cognitivemarketresearch.com/packaging-solutions-market-report#table_of_contents
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• Aseptic Packaging Market - https://www.cognitivemarketresearch.com/aseptic-packaging-market-report
• Retail Ready Packaging Market - https://www.cognitivemarketresearch.com/retail-ready-packaging-market-report
• Child Resistant Packaging Market - https://www.cognitivemarketresearch.com/child-resistant-packaging-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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