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Cluster Packaging Market - Significance, Market Overview, and Worldwide Market Outlook

01-10-2018 08:22 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Packaging industry has seen a significant evolution in the last few years. This growth was primarily down the rapid developments in the FMCG sector. Over the years, health supplements, electronic components, and food products sectors have experienced considerable improvements in demand and are now easily accessible because of effective packaging solutions. Cluster packaging allows to transport a bulk of products at a time and has proven to be very effective for the customers. Increased adoption of advanced packaging techniques across the globe is expected to fuel the global market for cluster packaging.

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The global cluster packaging market has seen a great boost in the recent times because people are ordering more products in bulk and with packaging value being high vendors offer better quality performance. Moreover, cluster packaging is more economical compared to smaller packaging solutions in terms of service capacity. Additionally, reusability properties of the cluster pack is also lending a helping hand in the growth of the global cluster packaging market.

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For instance, a Finnish food packaging company has developed a new standard for plastics-free paperboard that will be used for food packaging. The company has developed a disposable coffee cup that is without the standard coating of polyethylene – making it 100% reusable. The disposable cup has passed all the required tests and is waiting for the certification.

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Prevailing environmental issues has forces the key players in the global packaging market to evolve and set their business strategies accordingly. Different regulatory bodies such as FDA of the U.S. and Food Safety Authority of Europe have imposed numerous regulations for using eco-friendly and safe products, especially in the food industry.

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Transparency Market Research (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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