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Overwrap Packaging Market Share, Strategies of key players and products offered | Forecast 2024
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Overwrap Packaging Market: Segmentation
The global overwrap packaging market is segmented on the basis of product type into shrink overwrap, film overwrap, and vacuum overwrap. On the basis of material type overwrap packaging can be segmented into plastic films, aluminum foil, paper and bio plastic. The plastic films segment is further segmented into polyethylene (HDPE and LDPE), polypropylene (BOPP and CPP), EVOH and polystyrene. On the basis of application type, overwrap can be segmented into food & beverages, tobacco industries, household & toiletries, cosmetics & personal care, others (agricultural products, toys, etc.)
Overwrap Packaging Market: Regional overview
The global market for overwrap packaging market witnessed rapid growth in last few years. The Asia-Pacific market is expected to witness maximum growth rate in the global overwrap packaging market. However developed economies, such as Europe and North America are expected to account for the major share in the overwrap packaging market and is likely to maintain its dominance by the end of forecast period. The demand for overwrap packaging is at matured stage in the arcade of South America, Eastern Europe, and Middle East & Africa. The European market is boosted by rising consumer spending. The fasted growing Asia-Pacific region is predicted to grow at an impressive CAGR in terms of volume from 2016 to 2026. The rising middle-class population with high disposable income, and demand for convenient packaging, are driving the growth of overwrap packaging market in the Asia Pacific region
Overwrap Packaging Market: Key Players
The key player of overwrap packaging market are Amcor Limited, Bemis Company Inc.,Sealed Air Corporation, Other prominent players operating in the overwrap packaging market are Ampac Holdings, WS packaging, Overwrap flexibles S.A.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, material, and applications.
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