Global Punnet Packaging Market, By Capacity (Up to 150 gm, 150-300 gm, 300-500 gm, 500 gm and Above), Material Type (Paper, Moulded Fibre and Plastic), Product Type (With Lid and Without Lid), Application (Fruits, Flowers and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, 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 Punnet Packaging Market
Growth and expansion of food and beverages industry and rising application of punnet packaging by the horticulture industry are the two major factors attributable to the growth of punnet packaging market. Data Bridge Market Research analyses that the punnet packaging market will project a CAGR of 2.76% for the forecast period of 2021-2028.
Punnet packaging is used to package fresh fruits and vegetables, flowers and other items. Like any other packaging material, punnet packaging offers convenient handling and portability. It extends the shelf life of the items packaged and protects it from getting contaminated by external factors. Punnet packaging also helps in storing, labelling, grading, warehousing and transporting the food items. Punnet packaging is transparent in nature which helps to grab the eyeballs of the customers which in turn positively impacts the sales rate. Since punnet is composed of plastic material, it offers greater flexibility in terms of shape and size.
Rising demand for exotic packaged fruits and vegetables owing to the ever-rising population and personal disposable income is responsible for inducing growth in the demand for punnet packaging. Overall growth and expansion of food and beverages industry is another important factor fostering the growth of punnet packaging market. Attractive properties offered by the punnet packaging material such as protection, freshness, and so on are also important market growth determinant. Increased focus of the manufacturers on packaging solutions coupled with the overall rise, growth and expansion of packaging industry is also a factor bolstering the growth of punnet packaging market.
However, strict regulations imposed by the government for the safety of product and use of plastic will pose a major challenge to the growth of punnet packaging market. Non-biodegradability property of plastics makes it an enemy of a healthy environment. This will further restrict the scope of growth for the punnet packaging market.
This punnet 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 punnet 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 Punnet Packaging Market Scope and Market Size
Global punnet packaging market is segmented on the basis of capacity, material type, product type and application. 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 capacity, the punnet packaging market is segmented into Up to 150 gm, 150-300 gm, 300-500 gm, 500 gm and above.
- On the basis of material type, the punnet packaging market is segmented into paper, moulded fibre and plastic. Plastic segment is further sub-segmented into polystyrene (PS), polypropylene (PP), polyethylene terephthalate (PET), polylactide (PLA) and polyvinyl chloride (PVC).
- On the basis of product type, the punnet packaging market is segmented into with lid and without lid.
- On the basis of application, the punnet packaging market is segmented into fruits, flowers and others.
Global Punnet Packaging Market Country Level Analysis
The global punnet packaging market is analysed and market size insights and trends are provided by country, capacity, material type, product type and application as referenced above.
The countries covered in the punnet 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.
Asia-Pacific dominates the punnet packaging market and the region is set to undergo substantial gains during the forecast period. The region is forecasted to project the highest compound annual growth rate (CAGR) for this period. This is because of rising industrialization, urbanization, globalization and growth and expansion of packaging industry. China, India, Malaysia, and Japan will emerge as the major contributors from this region owing to the increased application of punnet packaging by the food and beverages industry.
The country section of the punnet 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 Punnet Packaging Market Share Analysis
The punnet 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 punnet packaging market.
The major players covered in the punnet packaging market report Smurfit Kappa, Liquibox, DS Smith, Innovative Packaging Company, Amcor plc, Coveris., LC Packaging, Groupe Guillin SA, Paccor Netherlands B.V., Leeways Packaging Services Ltd, Tacca Pty Ltd., Raptis Pax., INFIA srl, Mannok Pack, AVI Global Plast., Royal Interpack Group, Alta., Ilip S.r.l., T&B Containers Ltd., Associated Packaging, Inc. 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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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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