Press release
Layer Pads Market: Beverages End Use Industry to Hold More Than 3/4th Market Share During the Forecast Period
According to the research study, global sales of layer pads is estimated to be valued at US$ 927.5 Mn in 2017 and is projected to increase to US$ 1,633.0 Mn by the end 2027. Sales revenue is expected to expand at a CAGR of 6.0% during the forecast period 2017 – 2027.The global layer pads market is expected to be driven by an increasing demand for bespoke protective packaging in developed economies. Further, a sharp rise in online shopping is fuelling revenue growth of the global layer pads market. Layer pads help enhance brand visibility and this factor is leading to an increased adoption of layer pads in packaging by product manufacturers across the world.
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Cube design optimisation of layer pads packaging is a lucrative market opportunity for manufacturers of layer pads in the global layer pads market. Cube optimisation aims to maximise the product-to-packaging ratio and this form of packaging requires less usage of packaging material. Products that are transported across long distances require customised layer pads packaging to reduce the risk of damage while in transit. Manufacturers are increasingly demanding customised layer pads packaging to suit their product shape and size.
The global layer pads market is segmented on the basis of Material Type into Plastic (Polypropylene (PP), Polyethylene terephthalate (PET), Polycarbonate (PC), High Density Polyethylene (HDPE), Polyethylene (PE), Other Plastic Material) and Paperboard (Chipboard, Solid Fiberboard, Corrugated); on the basis of End User Base into Food & Agro Products, Beverages (Alcoholic Beverages, Non-Alcoholic Beverages), Electronics, Chemical, and Others (Manufacturing); and on the basis of Shape Type into Die Cut Shape and Flat Shape.
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Plastic is expected to be the largest material type segment with an estimated market share of more than 80% by the end of 2027. The Plastic segment is expected to create an incremental opportunity of US$ 645.5 Mn during the forecast period
Future Market Insights assesses the performance of the global layer pads market across the key geographies of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excl. Japan (APEJ), Middle East & Africa, and Japan. APEJ is the largest regional market for layer pads both in terms of value and volume. The APEJ layer pads market is estimated to be pegged at 199,262 tonnes in 2017 and this is expected to increase to 350,670 tonnes by the end of 2027.
The report profiles some of the key players operating in the global layer pads market such as Smurfit Kappa Group, DS Smith Plc, International Paper Company, KapStone Paper and Packaging Corp, KARTON SpA, Corex Plastics Pty Ltd., Alpha Cikupa Makmur. PT, GWP Group Limited, Shish Industries Limited, ER&GE (UK) Limited, QINGDAO TIANFULE PLASTIC CO., LTD., Carton Northrich Inc., Mulford Plastics Pty Ltd, Romiley Board Mill
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https://www.futuremarketinsights.com/reports/layer-pads-market/toc
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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.
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