Display Packaging Market Drives Growth Surge | CAGR of 6.58% Through 2023

Market Research Future published a research report on “Display Packaging Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Global Display Packaging Market, By Type (Cellulose Fibers, Corrugated Pallets, Corrugated Paper Board Sheeting, Others, by end use (Retail and Pharmacy) and Region - Forecast 2017-2023.

Taste the market data and market information presented through more than 55 market data tables and 45 figures spread in 118 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Display Packaging Market Information from 2017 to 2023"

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Display packaging involves various types of plastic materials used for packaging of different products. This type of material is meant to be used in packaging, depending upon the application and type of product to be packaged. It offers a number of advantages over traditional retail packaging in terms of labor costs, stock handling, and product visibility. It offers high quality graphics and display, as a value-added specialty. Such packaging is appealing to retailers and brand owners, as it serves as a shipping container and remains on store shelves or retail floors, thereby aiding marketing efforts.

The market for global display packaging is mainly segmented on the basis of type and end-use. On the basis of type, display packaging market, includes cellulose fibers, corrugated pallets, corrugated paper board sheeting and others. On the basis of end use, it has been segmented as Retail and Pharmacy. The growth of the retail industries, is supported by the relaxed FDI regulations and norms. On the basis of region the global display packaging market has been segmented as North America, Europe, Asia Pacific (APAC) and RoW. Asia is anticipated to be the leading growing market for the global display packaging market, primarily driven, by the large consumer base and growing per capita expenditure. Owing to the increasing disposable incomes, the urbanized population is shifting toward healthy and safe packaged foods reach at ~7.02% CAGR during the forecast period.

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The growth of the global green packaging market is expected to be driven by the growing population, improved standard of living, and the preference of display packaging materials. A major opportunity for the global display packaging market lies in reducing the operational cost of recycling, and in collecting the packaging. Another major opportunity for the global display packaging market is the increase in product categories for different application segments, especially the consumer packaging segment

With the growing fondness of people toward premium lifestyle trends, owning products of luxury brands have become an essential part in day to day routine. The luxury brands are slowly taking the advantage of this changing lifestyle and are formulating innovations into their offerings to lure more customers and enhance their experience to a superlative level. Product quality is an age-old attribute that luxury brands have explored and have sworn by the idea of premium quality. Therefore, most of the companies in the industry are looking at other factors such as improved product packaging and enhanced customer experience. A recent trend being the manufacturers’ focus on the use of sustainable, bio-degradable or eco-friendly packaging, the market growth is fuelled by the growing penetration of travel retail and online retail. The travel retail market is expanding at a high pace and is emerging as an opportunity for the global luxury packaging market. It is utilized by many industries, such as food and beverage (F&B), healthcare, household products, cosmetics, and FMCG products. The vendors in the global display packaging market are increasingly offering novel luxury packaging products, which are aesthetically appealing and prevent contamination of products.

We recognize the key players in the global display packaging market as DS Smith Plc. (U.K.), International Paper (U.S.), Mondi Plc. (Austria), Smurfit Kappa Group Plc. (Dublin), Sonoco Products Company (U.S.), Deufol SE (Germany), C&B Display Packaging Inc. (Canada), Grant Austin Display Packaging (South Australia), Excel Displays & Packaging (U.S.), Glama Pak (Australia).

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