Consumer Packaging Market 2024 – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth, and Forecast 2016 – 2024

Packaging for the consumer goods industry plays a key role in making the product aesthetically appealing for the potential buyer and delivering products to the consumer in a sufficiently sophisticated, safe, convenient, and appropriate manner. Serving a large number of industries that produce tangible goods to be sold to large number of consumers, the packaging industry forms the cornerstone of any consumer goods business. The consumer packaging market has witnessed a significant rise in research and development activities aimed at the development of innovative packaging materials and product designs.

However, vast pressures exerted by the volatile prices of chief raw materials and the need to cut down on the original material used in packaging for economic and environmental reasons are having a negative impact on packaging companies. Transparency Market Research predicts that the market will exhibit growth at a moderate pace in the next few years, with efforts diverted towards innovation in product design and strategic expansion across emerging economies expected to remain the key factors distinguishing successful ventures from the ones struggling to grow.

Request for a sample:

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=19460

Global Consumer Packaging Market: Trends and Opportunities

One of the most prominent trends in the global consumer packaging market of present times is the increased attention given to the reduction of the amount of material used in producing the packaging product by packaging manufacturers. Ways of reducing the amount of environmentally harmful polymers used in packaging is, especially, one of the most researched areas in the consumer packaging market presently.

Focus on the development of new varieties of packaging materials capable of preventing contamination of foods and beverages packed, materials with a higher quotient of reusability or biodegradability, and designs that make the product more convenient to use are also some of the market’s key trends in present times.

Global Consumer Packaging Market: Segmentation

The report segments the global consumer packaging market on the basis of criteria such as end-use industry, material, and geography. On the basis of material type used to produce the packaging, the report examines varieties such as rigid plastic, paper and paperboard, glass, and flexible plastic. Key industries driving the market for consumer packaging include food and beverages, healthcare, and cosmetics and personal care.

In terms of material, paper and paperboard presently account for the dominant share in the global consumer packaging market and is expected to continue to hold a massive share in the market over the report’s forecast period as well. However, rigid plastics are rapidly becoming the preferred choice for manufacturers as well as consumers owing to their affordability and huge flexibility.

The food and beverages industry is the leading contributor of revenue to the global consumer packaging market and is expected to continue being the primary and the most lucrative consumer of the market in the next few years. The vast rise in consumption of packaged food products across the globe is expected to be the chief factor driving the demand for packaging products across this industry in the next few years as well.

Ask for brochure:

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=19460

Global Consumer Packaging Market: Geographical and Competitive Dynamics

In terms of geography, the global consumer packaging market is driven by emerging economies across regions such as Asia Pacific and Middle East and Africa. The strengthening economies across these regions and the resultant rise in consumption of a variety of consumer goods is expected to drive the need for more reliable and sophisticated packaging products in these regions in the next few years.

Some of the key companies operating in the highly competitive global consumer packaging market are Polyoak Packaging Group, Owens-Illinois, Air Packaging Technologies, Tetra Pak, Becton, Dickinson & Company, Crown Holdings, Rexam, Amcor, Blue Ridge Paper Products, Clondalkin Group Holdings, Evergreen Packaging, General Packaging Products, Fusion Packaging Solutions, Exopack Holding, Huhtamaki OYJ, Mondi Group, Klockner Pentaplast Group, Polytainers, Pechiney Plastic Packaging, Sonoco Products, Reynolds Group Holding, Tetra Laval international, Toyo Seikan Group Holdings, and SF Holdings Group.

Read TMR Research Methodology at: https://www.transparencymarketresearch.com/methodology.html

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Read Our Latest Press Release:

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

Contact

Transparency Market Research State Tower,

90 State Street,

Suite 700,

Albany NY – 12207

United States

USA – Canada Toll Free: 866-552-3453

Email: [email protected]

Website: https://www.transparencymarketresearch.com