The global Packaging Materials market was valued at US$ 807140 million in 2020 and it is expected to reach US$ 942820 million by the end of 2027, growing at a CAGR of 2.4% during 2021-2027.
High growth in the global food & beverage industry will propel packaging materials demand during the forecast years. These products are extensively used in the packaging of raw & processed food items. They are also increasingly used in packaging bulk food products such as grains, cereals, etc. Rising consumption of frozen meat products, canned sea-foods, and ready-to-eat meals across the globe will augment the packing materials market growth. High consumption of alcoholic and non-alcoholic beverages will also be a major growth enabler for the market.
Rising demand for personal care products will also have a positive impact on the packing materials market growth. Rising income levels of consumers in emerging economies and willingness to spend on personal grooming will increase beauty and skin care products’ demand in coming years. The global personal care products industry will surpass USD 600 billion by 2024 and will drive demand for packing materials during the forecast period.
Global Packaging Materials Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Packaging Materials Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Amcor, Ball Corporation, Crown Holdings, International Paper, Mondi, Owens-Illinois, Reynolds Group, Sealed Air, Stora Enso, WestRock, Amcor, COVERIS, Berry Plastics, DS Smith, Graphic Packaging and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-packaging-materials-market-outlook
Segment by Type
- Paper & Cardboard
- Rigid Plastic
- Flexible Plastic
Segment by Application
- Household Products
Table of Content:
1 Packaging Materials Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Packaging Materials Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Packaging Materials Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta