Packaging is a system for corralling and protecting a product from damage. It plays a vital role in the safe storage and hygienic handling of a product. Moreover, it also provides protection from environmental factors such as dust, moisture, and wind. Apart from safeguarding the product, packaging also helps in marketing the product to customers. Elegant packaging design... View more

Packaging is a system for corralling and protecting a product from damage. It plays a vital role in the safe storage and hygienic handling of a product. Moreover, it also provides protection from environmental factors such as dust, moisture, and wind. Apart from safeguarding the product, packaging also helps in marketing the product to customers. Elegant packaging design with various color schemes and designs has an impact on consumer demand as it can sway the preference of customers. Aesthetically appealing packaging is meant to reflect the quality of the product and hence serves both brand promotion and advertising purposes. Packaging is of two types, rigid and flexible. Flexible packaging is any package whose shape can be readily changed. Examples of flexible packaging include bags and pouches. Rigid packaging includes boxes, trays, cans, bottles, and pots and is the dominant market segment.

The packaging materials that are used commonly include plastic, metal, brick cartons, paper, cardboard, and glass. These materials are used in the various end-use industries depending on packaging requirements. For instance, aluminum and tin are used to store food & beverages in cans owing to corrosion resistant properties of these metals which ensure that the product is not contaminated. Similarly, alcohol is typically stored and sold in glass bottles as they look visually appealing and have a longer shelf life than plastic bottles.

The end users of packaging materials include food beverages, electronics, pharmaceuticals, personal care, textile, consumer goods, and chemical processing. The largest end user of packaging materials is the food and beverages industry owing to increasing demand for packaged food in emerging economies. Pharmaceutical companies rely on packaging in order to protect and promote their products, meet regulations, and increase patient compliance. Especially, the use of plastic is preferred due to high dimensional stability, moisture barrier, strain resistance, low water absorption, and resistance to heat.

Plastic is the most used packaging material. It is also lightweight, strong and cheap to procure in the current market. Plastic packaging materials are manufactured from petroleum and its derivatives, and are used in various end user industries. Polyethylene terephthalate (PET) is used as primary feedstock in the manufacture of plastic bottles which finds large application in food & beverages, pharmaceuticals and cosmetics industries due to its high durability, light weight, low cost and recyclability. However, stringent government regulations imposed on the petroleum and chemicals industry due to emissions of CO2 and greenhouse gases, and fluctuation of crude oil prices are the factors that expected to hinder the growth of the global plastic packaging market. However, plastics are non-biodegradable and end up in landfills. Therefore, a shift towards sustainable packaging materials such as paper, paperboard, cardboard, metal and glass has been observed in the recent past. Utilization of sustainable packaging in increasing due to growing environmental awareness among the populace.

Opportunities

The growing disposable income, increasing consumer preference for packaged goods, and the expanding retail industry, especially in Asia Pacific and Latin America, are factors that are favouring growth of this industry. For instance, according to the India Brand Equity Foundation (is a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India), the retail market in India is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015.

Also, increasing awareness regarding food contamination has intensified the packaging market growth. Asia Pacific is the largest and fastest growing market. The advent of online shopping and consumption of cosmetics has resulted in a booming market in countries such as India, China, and Indonesia. Moreover, the “Make in India” campaign by the Indian government is expected to have a positive impact on the growth of the packaging industry in India. North America is a leading market for paper packaging. The industry in North America recycles up to 70% of its used paper, according to the U.S. Forest and Paper Association. In Europe, the European Paper Recycling Council aims to achieve 74% recycling in the European Union. The paper packaging industry in North America and Europe is expected to serve as a model for emerging markets.

Challenges

The environmental concerns regarding plastic packaging are expected to hamper growth of the packaging industry to some extent. Moreover, the preferred substitute to plastic is paper which, although recyclable, involves logging of forest areas. This has resulted in stringent packaging regulations. Constantly fluctuating oil price is also affecting the market growth. Also, leaching of chemicals from packaging into the product is a major concern. Cases of toxic packaging have been observed in China which has affected consumer demand.

Regulatory Scenario

Stringent government regulations and time consuming approval process before launching commercially, has led manufacturers to obtain approvals prior to distribution. For instance;

  • China: The Food Safety Law 2009 contains provisions requiring clean and non-toxic packaging materials and penalties for marketing food that is contaminated by packaging materials.
  • India: Ministry of Environment and Forests banned use of plastic packaging for tobacco products. Also, the minimum thickness of plastic carry bags increased from 20 microns to 40 microns.
  • EU: The EU Packaging Directive (94/62/EC as amended) seeks to promote the recovery and recycling of packaging waste.

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Packaging Published Insights

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Coherent Market Insights Barrier Packaging Market

Published Date : Dec 2024

The Global Barrier Packaging Market is estimated to be valued at USD 18.22 Bn in 2024 and is expected to reach USD 23.34 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.6% from 2024 to 2031. Barrier packaging refers to packaging techniques that help e... View more

Coherent Market Insights Paint Packaging Market

Published Date : Dec 2024

The global paint packaging market is estimated to be valued at USD 25.55 Bn in 2024. The market is expected to reach USD 34.45 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. The global paint packaging market has been witnessing ... View more

Coherent Market Insights Hazardous Label Market

Published Date : Dec 2024

The global hazardous label market is estimated to be valued at USD 1.57 Bn in 2024. The market is expected to reach USD 2.45 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031. The global hazardous label market has been witnessing si... View more

Coherent Market Insights Roll Forming Machine Market

Published Date : Dec 2024

The global roll forming machine market is estimated to be valued at USD 9.34 Bn in 2024 and is expected to reach USD 11.95 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.6% from 2024 to 2031. Roll forming is a metal forming technique that involves sh... View more

Coherent Market Insights Packaging Foams Market

Published Date : Dec 2024

The global packaging foams market is estimated to be valued at USD 14.96 Bn in 2024 and is expected to reach USD 23.34 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031. The global packaging foams market has been witnessing signific... View more

Coherent Market Insights Microwave Packaging Market

Published Date : Nov 2024

The global microwave packaging market is estimated to be valued at USD 16.87 Bn in 2024 and is expected to reach USD 32.33 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031. The global microwave packaging market has been gaining sig... View more

Coherent Market Insights Sleeve Labels Market

Published Date : Nov 2024

The sleeve labels market is estimated to be valued at USD 16.35 Bn in 2024, exhibiting a CAGR of 5.3% over the forecast period (2024-2031). The sleeve labels market has seen significant growth over the past few years driven by the expanding flexible packaging industry... View more

Coherent Market Insights Lip Care Products Packaging Market

Published Date : Nov 2024

Lip care products packaging market is estimated to be valued at USD 1.43 Bn in 2024, exhibiting a CAGR of 6.2% over the forecast period (2024-2031). Global lip care products packaging market has been gaining significant traction in the recent years due to growing cons... View more

Coherent Market Insights North America Sachet Packaging In Pharmaceuticals Market

Published Date : Oct 2024

North America sachet packaging in pharmaceuticals market is estimated to be valued at USD 530.2 Mn in 2024, exhibiting a CAGR of 6.8% over the forecast period 2024-2031. North America sachet packaging in pharmaceuticals market witnessing significant growth, owing to t... View more

Coherent Market Insights Laminating Machines Market

Published Date : Oct 2024

Global laminating machines market is estimated to be valued at US$ 674.3 Mn in 2024 and is expected to reach US$ 1,132.4 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031. Global laminating machi... View more

Coherent Market Insights Squeeze Tube Packaging Market

Published Date : Oct 2024

The squeeze tube packaging market is estimated to be valued at USD 8.40 Bn in 2024, exhibiting a CAGR of 6% over the forecast period (2024-2031). Squeeze tube packaging market is witnessing significant growth in the recent years. Squeeze tubes are flexible packaging s... View more

Coherent Market Insights Cap Applicator Market

Published Date : Sep 2024

Global cap applicator market is estimated to be valued at USD 770.1 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. Global cap applicator market growth is driven by huge demand for cap applicator from the pharmaceutical and cosme... View more

Coherent Market Insights Paper Doilies Market

Published Date : Sep 2024

Global paper doilies market is estimated to be valued at USD 284.3 Mn in 2024 and exhibit a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031. The global paper doilies market has been gaining steady traction over the years, driven primarily by the growing d... View more

Coherent Market Insights Variable Data Printing Labels Market

Published Date : Aug 2024

The variable data printing labels market refers to the use of advanced printing technology that allows different text, images, or graphical elements to be incorporated into each individual label during the printing process. This enables customized labeling for individ... View more

Coherent Market Insights Fresh Food Packaging Market

Published Date : Aug 2024

The global fresh food packaging market is witnessing significant growth in the recent years. Fresh food products like fruits, vegetables, meat, seafood etc. require specialized packaging solutions to protect them from damage and extend their shelf life during transpor... View more

Coherent Market Insights Temperature Controlled Packaging Market

Published Date : Aug 2024

Temperature controlled packaging solutions ensures safety and quality of pharmaceutical and food products by maintaining the required temperatures during transportation and storage. Rapid growth in the pharmaceutical, healthcare, and food delivery industries has boost... View more

Coherent Market Insights End Of Line Packaging Market

Published Date : Aug 2024

The end-of-line packaging market refers to the packaging solutions used at the end of a production line to prepare goods for shipping, storage, and sales. End-of-line packaging helps protect products from damage during distribution while also making the products easil... View more

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