Global Consumer Packaging Market Witnesses Rising Popularity of Rigid Plastics

The global market for consumer packaging is the focus of analysis of a recent report by Transparency Market Research. The report, titled “Consumer Packaging Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth, and Forecast 2016–2024,” presents a thorough analytical overview of the market and its future growth prospects. The market is expected to expand at a healthy pace over the report’s forecast period owing to the thriving end-use markets such as food and beverages, consumer electronics, healthcare, and cosmetics and personal care. The vast rise in demand for innovative product designs and materials has compelled companies to focus on research and development activities.

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In terms of material, the segments of paperboard and paper presently hold the dominant share in the global consumer packaging market and are expected to retain dominance over the report’s forecast period as well. The segment of rigid plastics is increasingly gaining popularity owing to low costs and a high level of flexibility and is expected to expand at a promising pace over the report’s forecast period.

In terms of end-use, the food and beverages industry is expected to remain one of the key revenue contributors to the global consumer packaging market over the report’s forecast period. The significant expansion of the packaged food industry across the globe is expected to remain one of the key factors boosting demand for consumer packaging solutions in the food and beverages industry in the next few years.

From a geographical standpoint, the report includes the overview of the consumer packaging market across regions such as Asia Pacific, North America, Europe, Middle East and Africa. Of these, the thriving market for consumer goods in emerging economies across regions such as Asia Pacific and Middle East and Africa owing to strengthening economies is expected to present vast growth opportunities to the consumer packaging market in the near future. Rising spending power of the population and the demand for sophisticated and reliable packaging of a variety of consumer goods in these regions will fuel the demand for innovative packaging solutions.

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The global consumer packaging market features a highly competitive vendor landscape owing to the presence of a large number of companies across key regional markets. Some of the most notable players in the market are Owens-Illinois, Air Packaging Technologies, Polyoak Packaging Group, Dickinson & Company, General Packaging Products, Blue Ridge Paper Products, Crown Holdings, Clondalkin Group Holdings, Huhtamaki OYJ, Evergreen Packaging, Exopack Holding, Polytainers, Pechiney Plastic Packaging, Amcor, Fusion Packaging Solutions, Toyo Seikan Group Holdings, Mondi Group, Klockner Pentaplast Group, Becton, Reynolds Group Holding, Sonoco Products, Tetra Pak, SF Holdings Group, Rexam, and Tetra Laval international.

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TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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This release was published on openPR.