Global Micro Packaging Market, By Function (Protective Function, Storage Function, Loading and Transport Function, Sales Function, Promotional Function, Service Function, Guarantee Function and Additional Function), Types of Packaging (Paper and Board, Corrugated Boxes, Boxboard, Flexible Paper, Glass, Liquid Cartons, Metal Packaging, Cartons, Paper-based Containers and Other Packaging), End User Industries (Food and Beverage Industry, Personal Care and Cosmetics Industry and Pharmaceutical Industry), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Micro Packaging Market
Growth and expansion of the various end user industries such as food and beverage and personal care is the root cause for the rise in demand for micro packaging. Data Bridge Market Research analyses that the micro packaging market will project a CAGR of 15.97% for the forecast period of 2021-2028.
Micro packaging is an emerging packaging technique that involves integration of nanoparticles to form a high barrier packaging solution. Micro packaging provides resistant to light, air and heat and offer greater product shelf life and stability. Thus, micro packaging serves all the functions like that of any other packaging. It is relatively a new concept and has tremendous growth potential.
One of the biggest reasons for the rise in demand for micro packaging is that it offers transportation of products free from contamination. Rise in awareness, popularity and demand for sustainable packaging has led to the creation of lucrative micro packaging market growth opportunities. The micro packaging market will also be gained by rapid urbanization and industrialization. The global aim to shift towards more sophisticated technology to offer the best of quality and consumer convenience will also broaden the scope of growth.
Expensive manufacturing technology coupled with the lack of skilled expertise will prove to be a hindrance in the way of micro packaging market growth. Low expenditure on research and development proficiencies will also slowdown the rate of micro packaging market growth.
This micro packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on micro packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Micro Packaging Market Scope and Market Size
Global micro packaging market is segmented on the basis of function, types of packaging and end user industries. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of function, the micro packaging market is segmented into protective function, storage function, loading and transport function, sales function, promotional function, service function, guarantee function and additional function.
- On the basis of types of packaging, the micro packaging market is segmented into paper and board, corrugated boxes, boxboard, flexible paper, glass, liquid cartons, metal packaging, cartons, paper-based containers and other packaging. Paper and board is further sub-segmented into SBS, WLC and others. Boxboard is also further bifurcated into rigid boxes, folding boxes and trays. Flexible paper is further sub-segmented into paper bags, shipping sacks, pouches/sachets, stand-up pouches, blister and strip packs. Liquid cartons are further bifurcated into brick liquid carton, gable top liquid carton and shaped liquid carton. Paper-based containers are also further bifurcated into bag-in-box and folding cartons.
- On the basis of end user industries, the micro packaging market is segmented into food and beverage industry, personal care and cosmetics industry and pharmaceutical industry.
Global Micro Packaging Market Country Level Analysis
The global micro packaging market is analysed and market size insights and trends are provided by country, function, types of packaging and end user industries as referenced above.
The countries covered in the micro packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe lions the market owing to the prevalence of high rate of research and development proficiencies. The region has shifted focus towards sustainable smart packaging solutions. Asia-Pacific is expected to undergo the highest compound annual growth rate during the forecast period. This is because of the rise and expansion of various end user industries like food and beverages industry especially in the developing countries. India and China have emerged to be the largest growth contributors.
The country section of the micro packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Micro Packaging Market Share Analysis
The micro packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to micro packaging market.
The major players covered in the micro packaging market report Amcor plc, Honeywell International Inc., Alcoa Corporation, Beijing ChamGo Nano-Tech Co.,Ltd, Bemis Manufacturing Company, Graham Packaging Company., CKS Packaging, Inc., ProAmpac., Mondi, Berry Global Inc., AVERY DENNISON CORPORATION., Bayer AG, Tetra Pak Group, InMat Inc., Avient Corporation, A-ROO COMPANY LLC., FlexPak Services, Amerplast, Ajover S.A.S. and Verdict Media Limited among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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