New Study Report “Consumer Packaging Market 2019 Global Market Opportunities, Challenges, Strategies and Forecasts 2025” Added on Wiseguyreports.com.
Introduction/Market Overview:
Global Consumer Packaging Market Professional Survey Report 2019
The emergence of online platforms has given a significant boost to almost every other industry. Whether you are ordering your pizza from the nearest store or something attractive for the festive season, the options are limitless. This, in turn, has boosted the growth prospects of the consumer packaging industry, which has proliferated in recent years. The industry is marked by several factors that have impacted the sector significantly. The consumer packaging industry registered a significant number in the year 2018 and is expected to have a tremendous compound annual growth rate in the forecasted period.
When it comes to the consumer packaging industry, the market has seen a phenomenal growth rate in recent years. The introduction of new online platforms, coupled with the innovation in the latest techniques in consumer packaging, has given a significant boost to the industry. On the other hand, the consumer preferences for selling products that come in the attractive packaging industry has helped the industry grow. Furthermore, the aesthetic appeal of the packaging products ensures that the use of packaging products is appropriately optimized.
However, despite the opportunity, the industry is met with skeptic’s eyes. The ban on the use of plastic for packaging coupled with the stringent laws has brought significant changes in the consumer packaging industry. On the other hand, significant reforms pushed by the governments on account of pollution and climate change have been obstructing the growth prospects of the industry. However, the analysts remain positive about the growth prospects, and the consumer packaging industry is expected to see some significant reforms in the next few years.
Important key players Analysis: DS Smith Plc, Mondi Group, Amcor, Crown Holdings, Owens-Illinois, Rexam, Tetra Pak, International Paper Company, Sonoco Products Company, Sealed Air Corporation, Huhtamaki Oyj, Smurfit Kappa Group, WestRock Company, UFP Technologies, Inc, Stora Enso Oyj, Pregis Corporation, Shenzhen Hoichow Packing Manufacturing Ltd, Dordan Manufacturing Company, Hangzhou Xunda Packaging and more.
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Segmentation
Several factors characterize the packaging industry. This helps the sector the industry to be segmented under several factors. These segmentations allow one to have a complete picture of the industry and have an unbiased opinion about the industry. However, some of the leading factors where the industry can be segmented into are the type and the application. Based on the type, the industry can be segmented into glass, paper & paperboards, metal, plastic, and others. On the other hand, based on the application, the industry is segmented into the food & beverage industry, industrial goods, household products, and cosmetics.
Regional Segmentation
The consumer packaging industry has the largest share of the market in the Asia Pacific region, with China leading the race. The presence of a large number of companies, coupled with the massive manufacturing practices, has helped the industry grow by leap and bound in recent years. North America and Europe show similar signs of growth, and the industry may see a massive upsurge in the next few years. India, on the other hand, proves to be an enormous market due to excessive consumption of FMCG products.
Key Stakeholders
Consumer Packaging Manufacturers
Consumer Packaging Distributors/Traders/Wholesalers
Consumer Packaging Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Industry News
In a recent event, consumer goods companies have partnered to launch a packaging waste management entity. Around 30 companies have joined the initiative and including companies like Coca-Cola India and Bisleri to make a significant contribution. The initiative has been named Karo Sambhav and was launched on the premise of intense pollution caused by plastic.
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