Press release
Consumer Packaging Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2031 | Anheuser-Busch InBev, Heineken N.V., FIFCO USA
Additionally, as per the Office for National Statistics (ONS), total e-commerce sales in the UK were $877.5 billion in 2018, increased from $786.9 billion in 2017. Emerging nations have also witnessed potential demand for online retailing of food products, clothing and accessories, and personal care products. Efficient packaging design for online products can offer new marketing opportunities that can contribute to enhancing brand value. With the increasing demand for sustainable packaging, e-commerce companies have shifted their focus towards highly sustainable and recyclable solutions. For instance, in September 2019, Amazon India declared its commitment to remove single-use plastic from its packaging by June 2020.
Under the initiative, the company will introduce paper cushions, which will replace plastic dunnage such as bubble wraps and air pillows at its full-fillment centres in India. Paper cushions will be utilized to fill the void space inside packages which ensure that the product is well protected during transit. This environment-friendly and fully recyclable packaging solution has already been launched in selected full-fillment centres (FC) and will be expanded across all Amazon FCs across the country by the end of the year. Amazon ensured that its packaging material in the form of paper cushions and corrugate boxes consists of as high as 100% recycled content and is also completely recyclable.
The company is extremely focusing on the development of plastic-free alternatives for bubble bags, packaging mailers, and stretch wrap and tape utilized in the packaging that enables the company to remove all forms of plastic used in its packaging. The company has pledged to collect plastic, equivalent to all of the plastic packaging material used by the Amazon Fulfilment network in the country from September 2019. This is an extension of the initiative which has been underway in the State of Maharashtra for a year. The emerging trend towards eco-friendly packaging will boost the demand for more innovative packaging solutions in the e-commerce sector. This, in turn, is expected to offer potential opportunities for market growth.
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Market Coverage
The market number available for 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- By Material and End-User
Regions Covered- North America, Europe, Asia-Pacific, and Rest of the World.
Competitive Landscape- Anheuser-Busch InBev, Heineken N.V., FIFCO USA, The Boston Beer Co., and Kirin Holdings Co., Ltd.
Consumer Packaging Market-Segmentation
By Material
Plastic
Paper
Glass
Metal
By End-User
Food
Beverage
Healthcare
Personal Care and Cosmetics
Household Goods
A full Report of Consumer Packaging Market is Available @ https://www.omrglobal.com/industry-reports/consumer-packaging-market
Consumer Packaging Market- Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
The Middle East and Africa
Company Profiles
Ahlstrom-Munksjö Oyj
Alpha Packaging
Amcor plc
Ball Corp.
Berry Global Group, Inc.
Cardinal Health, Inc.
Coveris Holdings S.A.
Crown Holdings, Inc.
DS Smith Plc
Gerresheimer AG
Graham Packaging Co.
Huhtamäki Oyj
Interflex Group
LLFlex, LLC
O-I Glass, Inc.
Plastipak Holdings, Inc.
Reynolds Group Holdings, Ltd.
Sealed Air Corp.
Stanpac
Takemoto Packaging, Inc.
Tetra Pak International S.A.
West Pharmaceutical Services, Inc.
Zhenghao Plastic & Mold Co., Ltd.
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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