Outlook on the Consumer Packaging Global Market to 2026 - Key Motivators, Restraints and Opportunities

Dublin, Nov. 24, 2020 (GLOBE NEWSWIRE) -- The "Consumer Packaging Market 2020-2026" report has been added to ResearchAndMarkets.com's offering.

The global consumer packaging market is estimated to witness significant growth during the forecast period. Expansion of the food and beverage industry is one of the major factors driving the market. As per the Food Drink Europe, the turnover of the EU food and drink industry was nearly1431 billion in 2017, which represented a 6.7% rise from 2016. The number of companies engaged in the manufacturing of food and beverage in the EU was 294,000 in 2017. Nearly 47.5% of food and drink turnover was generated from small and medium-sized companies. During the period, 2013-2017, the EU share of global exports has increased from 17.5% to 19.0%.

This represents that the food and beverage sector is among the major contributors to the growth of the European economy. Plastic packaging is extensively used in the food and beverage sector ranging from airtight wraps to shelf-stable bottles and containers. It has a major role to deliver a safe supply of food from farm to table. In addition, plastic is a material of choice for freezing foods to store products for the long term. Plastics have also increased advances in the design of the packaging. For instance, modified atmosphere packaging enables to preserve the freshness of food by capturing a decreased-oxygen air mixture in a plastic package. As a result, this technique can widen the shelf life of the product by slowing the growth of bacteria.

Geographically, Asia-Pacific is anticipated to grow at a potential CAGR during the forecast period owing to the expansion of the food and beverage and pharmaceutical industry in the region. As per the India Brand Equity Foundation (IBEF), the Indian food industry has reported significant growth, owing to the increasing contribution to the global food trade. The food sector in the country has emerged owing to its massive ability for value addition, primarily in the food processing sector. The Indian Government is intended to leverage the growth in the food processing sector through reforms including 100% Foreign direct investment (FDI) in the marketing of food products. The packaging is the foundation of the food processing industry. Different kinds of techniques and methods are used by the processing and packaging industries to transform the food from one stage to another. This, in turn, is contributing to the market growth in the country.

Some prominent players in the market include Amcor plc, Berry Global Group, Inc., Crown Holdings, Inc., Tetra Pak International S.A., and DS Smith Plc. The market players are adopting some crucial strategies such as mergers and acquisitions, product launches, and partnerships and collaborations, to increase their competitiveness. For instance, in April 2020, Amcor plc declared that it has designed a family of stock PET bottles, OmniPack that will enable co-packers to fulfill the increasing needs for e-commerce ready packaging. It will enhance capacity and minimize downtime as they have the same diameter with the same finish, however, there is a change in height to accommodate the variable fill volumes.

Research Methodology

The market study of the global consumer packaging market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors.

Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity to the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market

• Authentic public databases

• Whitepapers, research-papers, and news blogs

• Company websites and their product catalog

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

• Global Consumer Packaging Market Research and Analysis by Material

• Global Consumer Packaging Market Research and Analysis by End-User

The Report covers:

• Comprehensive research methodology of the global consumer packaging market.

• This report also includes a detailed and extensive market overview with key analyst insights.

• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.

• Analysis of regional regulations and other government policies impacting the global consumer packaging market.

• Insights about market determinants which are stimulating the global consumer packaging market.

• Detailed and extensive market segments with regional distribution of forecast revenues.

• Extensive profiles and recent developments of market players.

Key Topics Covered:

1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography

2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations

3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Amcor plc
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Crown Holdings, Inc.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Berry Global Group, Inc.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Tetra Pak International S.A.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. DS Smith Plc
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments

4. Market Determinants
4.1 Motivators
4.2 Restraints
4.3 Opportunities

5. Market Segmentation
5.1. Global Consumer Packaging Market by Material
5.1.1. Plastic
5.1.2. Paper
5.1.3. Glass
5.1.4. Metal
5.2. Global Consumer Packaging Market by End-User
5.2.1. Food
5.2.2. Beverage
5.2.3. Healthcare
5.2.4. Personal Care and Cosmetics
5.2.5. Household Goods

6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World

7. Company Profiles
7.1. Ahlstrom-MunksjoOyj
7.2. Alpha Packaging
7.3. Amcor plc
7.4. Ball Corp.
7.5. Berry Global Group, Inc.
7.6. Cardinal Health, Inc.
7.7. Coveris Holdings S.A.
7.8. Crown Holdings, Inc.
7.9. DS Smith Plc
7.10. Gerresheimer AG
7.11. Graham Packaging Co.
7.12. HuhtamakiOyj
7.13. Interflex Group
7.14. LLFlex, LLC
7.15. O-I Glass, Inc.
7.16. Plastipak Holdings, Inc.
7.17. Reynolds Group Holdings,Ltd.
7.18. Sealed Air Corp.
7.19. Stanpac
7.20. Takemoto Packaging, Inc.
7.21. Tetra Pak International S.A.
7.22. West Pharmaceutical Services, Inc.
7.23. Zhenghao Plastic & Mold Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/wcpgnj

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