Micro packaging is made from nano materials such as nano coatings and films. These packaging helps to enhance the shelf life by increasing the stability of the product. It is resistant to water, heat and light. It has the ability to improve the visibility by controlling the growth of the microbial. These packaging have a wide application in food and beverages industry, healthcare industry among others.
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The main factors boosting the Micro Packaging Market are:
- Growing food and drink industry: One of the most obvious benefits with micro packaging is protection of food and drink products from moisture, heat and light. This is one of the major benefits that is resulting in greater demands from a wide range of industries and applicable end-users due to the concerns regarding the environmental impacts on non-biodegradable products
- Technological advancement and development: Another factor that is inducing positive demands for micro packaging products is the increasing preference for consumption of convenience food. This preference is giving rise to significantly large volume of demands for micro packaging as convenient food packaging is one of the largest applications for this category of products
Strategic launches of products and expansion of businesses undertaken by market players:
- In September 2018, ProMach acquired FL TÈCNICS ÍNDEX, S.L. has expanded it flexible packaging product line. They provide packaging solutions such as bags, pouches and sachets to wide varieties of industries. They have the ability to fill 400 pouches per minute. This acquisition will increase the market share and product portfolio of the company.
- In December 2017, Essentra plc has acquired Micro Plastics, Inc. a leading producer of the nylon fasteners. It has wide application in general industrial, automotive and white goods. This acquisition helps to increases the product portfolio of the company and reach in the Mexican market. It will improve their position as an expert in manufacturing of micro packaging.
The market is segmented on the basis of function as protective function, storage function, loading and transport function, sales function, promotional function, service function, guarantee function, additional function; types of packaging as paper and board, corrugated boxes, boxboard, flexible paper, glass, liquid cartons, metal packaging, cartons, paper-based containers, other packaging; end- use as food & beverage industry, personal care & cosmetics industry, pharmaceutical industry
“According to Data Bridge Market Research, Global Micro Packaging Market is expected to growing with a healthy CAGR of 15.97% during the forecast period of 2019 to 2026”
Some of the major players operating in market are Amcor Limited, AVERY DENNISON CORPORATION., Bayer AG, Tetra Pak International S.A., Alcoa Corporation, Beijing ChamGo Nano-Tech Co.,Ltd, Honeywell International Inc, InMat Inc., PolyOne Corporation, A-ROO COMPANY LLC., Helion Industries, FlexPak Services, LLC., Amerplast, Ultraperf Technologies Inc, Ajover S.A.S, Verdict Media Limited, LC Packaging, Thermo-Pack Kunststoff-Folien GmbH.
With the focus to enhance the material that can be sustained for longer period of time or products that can be biodegradable over a period of time rather impacting a negative change on the environment, the manufacturers of micro packaging have been promoting the products that created a positive impact on the environment or sustainable.
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