Waterproof Packaging Market Set to Secure a US$ 969.43 Billion Market Share by 2033, Riding an Average CAGR of 3.4%

𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

Waterproof packaging has become an indispensable part of various industries, ensuring the safety and integrity of products during transit and storage. In this article, we will dive deep into the Waterproof Packaging Market, exploring its growth, innovations, and how it safeguards your valuable goods. Let's embark on this journey to understand the significance of waterproof packaging.

𝐓𝐡𝐞 𝐄𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐨𝐟 𝐖𝐚𝐭𝐞𝐫𝐩𝐫𝐨𝐨𝐟 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠

Waterproof packaging has come a long way since its inception. In the early days, it mainly consisted of wax-coated materials. However, with advancements in technology and the increasing demand for more effective packaging solutions, the market has witnessed a revolution.

The waterproof packaging market is anticipated to thrive at an average CAGR of 3.4% between 2023 and 2033. The market is expected to have a market share of US$ 969.43 billion by 2033, while it is likely to be valued at US$ 693.92 billion in 2023.

1. Sustainable, water and oilproof packaging solutions are revolutionizing the waterproof packaging industry. The new products with intensive care, precision, and packaging demand waterproof transportation solutions. Hence, higher connectivity and online product listing has also garnered market growth.
2. The restoration of people traveling to places carrying their luggage and other belongings. New smart bags with waterproof coatings and packaging are also helping the market thrive at its optimum capabilities.
3. Some products, like food and beverages, electronics, and pharmaceutical goods, require waterproof solutions. Different materials, such as nature-friendly polymer and other recyclable waterproofing materials, are expected to increase the market traction.
4. A wide range of end-user industries and companies scaling up their promotions through unique and more practical packaging is likely to propel market success. Alongside this, higher penetration of e-commerce platforms in emerging economies and other stages is expected to fuel the demand for waterproof packaging.
5. Agricultural products all around the world also consume a major chunk of the market. The pesticides and other additives are also required to be covered with waterproof packaging solutions.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.futuremarketinsights.com/reports/sample/rep-gb-15477

𝐊𝐞𝐲 𝐏𝐨𝐢𝐧𝐭𝐬

1. The United States market leads the North American waterproof packaging market in terms of market share in North America. The United States held a healthy market share in 2022. The factors attributed to the growth are a new packaging line, big supply chain management with practical packaging, and the transportation of food and agricultural products.
2. The German waterproof packaging market held a healthy market share. The market growth is caused by higher exports and e-commerce companies setting up new warehouses and packaging lines in the region.
3. The Indian market thrives at a steady CAGR between 2023 and 2033. The growth is attributed to the higher economic activities, largely agricultural products, online sales, and other FMCG product sales.
4. Based on material type, the plastic material segment held the leading market share of 72% in 2022.
5. Based on end-user industry, the food and beverages segment lead as it thrived at a CAGR of 4.6% between 2023 and 2033

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

The key suppliers focus on targeting the e-commerce giants, delivering premium quality, etc. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

1. CoolSeal USA
2. Amcor plc
3. Polycase
4. Owens-Illinois Inc.
5. Vetropack Group
6. UFP Industrial
7. Flex Films
8. Dunmore Corporation
9. Plaspack
10. Alpha Packaging
11. Graham Packaging
12. Berry Global Group
13. Tricor Braun
14. Saverglass
15. DK Group Inc.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

1. CoolSeal USA has introduced Waterproof and Leakproof boxes with environmentally friendly, 100% recyclable, and durable boxes. The packaging boxes are expected to be 100% sustainable, hygienic, and certified for direct food contact.
2. Berry Global Group has launched its polyken 820 MEGAGRIP permanent waterproof tape. The tape is hand-tearable and has environmental and moisture/water resistance.

𝐑𝐞𝐚𝐝𝐲 𝐭𝐨 𝐋𝐞𝐚𝐫𝐧 𝐀𝐛𝐨𝐮𝐭 𝐎𝐮𝐫 𝐀𝐩𝐩𝐫𝐨𝐚𝐜𝐡? 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐎𝐮𝐫 𝐌𝐞𝐭𝐡𝐨𝐝𝐨𝐥𝐨𝐠𝐲: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-15477

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝

By Material:
Plastic
Metal
Glass
By Packaging Type:
Boxes
Films
Bags & Pouches
Trays
Others (Bottles, etc.)
By End Use:
Food & Beverages
Pharmaceutical
Electrical & Electronics
Cosmetic & Personal Care
Others (Chemicals, Agriculture, etc.)

𝐅𝐢𝐧𝐝 𝐎𝐭𝐡𝐞𝐫 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐇𝐞𝐫𝐞:

Polystyrene Packaging Market: https://www.futuremarketinsights.com/reports/polystyrene-packaging-market

Container Stacking Machine Market: https://www.futuremarketinsights.com/reports/container-stacking-machine-market

Polywoven Bags Market: https://www.futuremarketinsights.com/reports/polywoven-bags-market

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.