Future Market Insights Forecasts 6.6% CAGR for Cohesive Packaging Market, Reaching US$ 2.8 Billion by 2032

Cohesive Packaging Market to Reach US$ 2.8 Billion, Registering 6.6% CAGR through 2032. Cohesive packaging that self-adheres enables a rapid wrap around any goods. The product is protected with just a little pressure, ideally from automated equipment. With natural rubber latex, the cold seal adheres to itself and nothing else.

At the end of 2022, the predicted period, sales of cohesive packaging were estimated to be worth about US$1.5 billion. The market for cohesive packaging is anticipated to grow at a 6.6% CAGR from 2022 to 2032 and reach a value of US$ 2.8 Billion by that year.

Improved scope for applications in the automotive, metals & machinery, and healthcare industries would benefit the market. The need for coherent automated equipment is expected to grow dramatically in the next years, owing to the growth of the e-commerce industry. In addition, market participants' concerted attempts to provide customers with better packaging options in order to raise their brand value are providing a favorable demand outlook.

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Cohesive packaging is a tried-and-true method for increasing production, improving packing efficiency, and preserving brand identification. Many businesses use it to fulfil orders for everything from books to apparel to components and hardware.

Whether a firm fulfils and ships 1000 or 50,000 shipments every day, the packing product and methods it employs are critical components in getting the items to the right clients on schedule and in excellent condition. Based on these benefits, FMI team predicts the global cohesive packaging market will reach US$ 1.5 Billion by the end of 2022.

Key Takeaways from the Global Cohesive Packaging Market

-Paper and paperboard-based cohesive packaging is expected to account for 2/3rd of sales during the assessment period 2022-2032.
-Based on packaging format, envelops are the most preferred, estimated to create an incremental opportunity of US$ 777 Mn in 2032.
-In terms of end-use, the institutes or commercial channels is expected to increase at high pace, during the forecast period.
-Europe is estimated to remain mature market with 28% market share in the global cohesive packaging market.
-North America, South Asia, and East Asia are expected to create growth opportunities for the manufacturers in coming decade.

"Cohesive packaging is expected to set a next normal benchmark in the packaging industry. Leading market players are focusing their efforts on increasing their worldwide reach. To gain a competitive advantage in the market, they are pursuing acquisitions, partnerships, and corporate expansion initiatives." - comments FMI analyst

Global Cohesive Packaging Market Landscape

Smurfit Kappa Group, DS Smith Plc, WestRock Company, Mondi Group Plc, Cenveo Worldwide Limited, Neenah, Inc., Bong Group, Papier-Mettler KG, Capital Envelopes LLC, POLYPAK PACKAGING, United Envelope, French Paper Company, Quality Park Products, The Encore Group, and Mayer-Kuvert-network GmbH.

Global Cohesive Packaging Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for Cohesive Packaging market by material type (paper & paperboard, plastic, and foam), by packaging format (envelopes, mailing bags, wraps, and others), by end use (institutional/commercial and household), across seven regions.

About the Packaging Division at Future Market Insights

The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

Competitive Landscape

Due to the existence of various companies in the industry operating in both local and international markets, the cohesive packaging is extremely competitive. As per FMI, key manufacturers are focusing on mergers, acquisitions, and strategic alliances to expand their product range.

For instance,

Nov 2020 - Pregis LLC, acquired a privately owned company, Technical Machinery Solutions (TMS), Illinois which deals in remanufacturing of used machinery and has successfully created a solution for the production of single-stream mailer used in cohesive packaging from.

Jun 2020 - American Packaging Corporation has introduced an all-PE, high-barrier, revolutionary cold seal flow wrap package that is ideal for front-of-store recycling.
May 2019 - Automated Packaging Syatems, Inc (APS), a renowned manufacturer of highly-reliable, automated bagging systems, has been acquired by Sealed Air Corporation (SEE). The acquisition of APS is in line with SEE's ambition of tripling its rate of innovation over the next five years.

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Global Cohesive Packaging Market by Category

By Material Type:

Paper & Paperboard
Plastic
Foam

By Packaging Format:

Envelopes
Mailing Bags
Wraps
Others

By End Use:

Institutional/Commercial
Household

By Region:

North America
Latin America
Europe
South Asia
East Asia
Middle East & Africa
Oceania

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA

About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient 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.