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

Coherent Market Insights Zero Waste Packaging Market

Published Date : Sep 2023

The zero-waste philosophy supports recycling and reuse of packaging. The returnable glass milk jug or glass bottle of sodas are the best instances of zero-waste packaging. A shift from plastic packaging will influence shoppers and manufacturers to reuse packaging leav... View more

Coherent Market Insights Contract Packaging Market

Published Date : Sep 2023

When it comes to packaging, contract packaging can be beneficial for many companies. Outsourcing to a third-party company can save a company money until production levels are reached, or until capital expenditures can be approved. Outsourcing can also help a company w... View more

Coherent Market Insights Wine Packaging Boxes Market

Published Date : Aug 2023

As the pandemic forced restaurants and bars to close all over the country and restricted consumers from dining in hotels, restaurants, more wine than ever before was ordered online last year as consumers were left with dine in their own homes. The mandatory stay-at-ho... View more

Coherent Market Insights Luxury Packaging Market

Published Date : Aug 2023

The process of luxury packaging involves design, research, development, and manufacturing. This type of packaging enhances the image of a brand. According to research, consumers are willing to pay more for products with beautiful packaging. Therefore, luxury packaging... View more

Coherent Market Insights Reusable Barrels Market

Published Date : Aug 2023

Packaging is an important element of any product's lifecycle since it protects the product from damage such as contamination, leakage, and other issues throughout shipping, use, and storage. The barrel is the oldest type of packaging, and it is considered rigid bulk p... View more

Coherent Market Insights India Pallets Market

Published Date : Jul 2023

Pallet is a structural foundation that allows storehouse and transportation of goods. Pallet offer several conditioning similar as assembling and storing of goods in the manufacturing units and storages. The pallets are lifted by jacking bias similar as forklift, fron... View more

Coherent Market Insights Vaccine Storage And Packaging Market

Published Date : Jul 2023

Vaccine storage and packaging refer to various laboratory devices and equipment used to preserve, store and transport vaccines. Some of the commonly used vaccine storage equipment include refrigerators and freezers that store vaccine vials, ampoules, and corrugated bo... View more

Coherent Market Insights Next Generation Packaging Market

Published Date : Jul 2023

Next-generation packaging are the effective technologies which maintains the quality of food products or any other easily perishable products by modifying the atmosphere which surrounds the product within the packaging. Due to this, the shelf-stability of the product ... View more

Coherent Market Insights Aseptic Processing Market

Published Date : Jul 2023

Aseptic processing is a method of packaging foods and beverages into sterilized containers with a sterile seal, resulting in shelf-stable products that do not need refrigeration. It requires the use of clean rooms and equipment that are regulated to control the amount... View more

Coherent Market Insights Lamination Adhesives For Flexible Packaging Market

Published Date : Jul 2023

Lamination adhesive is an important ingredient for manufacturing flexible packaging products for various end-user industries such as healthcare and pharmaceuticals, food and beverages, manufacturing, and others. Flexible packaging is the type of packaging product whic... View more

Coherent Market Insights Personal Care Packaging Market

Published Date : Jul 2023

Personal care packaging is often used for various products such as cosmetics, soaps and Shampoo, oil, body cream, cosmetics. Various requirements are imposed on the packaging of personal care products Superior materials such as plastic, cardboard, metal and glass pack... View more

Coherent Market Insights Canada Nano Enabled Packaging For Food And Beverage Market

Published Date : Jul 2023

Nano-enabled packaging is a next-generation packaging solution that improves the shelf-life of food products. It also reduces the risk of contamination and is produced by using two components: nanofillers and nanocomposite. Nano-enabled packaging also enhances attribu... View more

Coherent Market Insights Asean Folding Cartons Market

Published Date : Jul 2023

Folding carton is any package or any part of a package whose shape can be readily changed. They are produced from materials such as paper and paperboard. They are made up of paperboard which is created into box shapes with different sizes. Folding cartons are eco-frie... View more

Coherent Market Insights Temperature Controlled Packaging Solutions For Pharmaceuticals Market

Published Date : Jun 2023

Temperature-controlled packaging solutions are extensively used by pharmaceuticals industry for transportation of drugs and other products, which are sensitive to temperature. Drugs with lower shelf-life requires specific temperature conditions during their storage an... View more

Coherent Market Insights Us Caps And Closures Market Analysis For Non Carbonated Beverages

Published Date : Jun 2023

U.S. caps and closures market is estimated to be valued at US$ 5599.4 Mn in terms of volume by the end of 2030. U.S. Caps and Closures Market: Growth Drivers Rising beverage demand Market growth for caps and closures in rigid plastic packaging is significant. The growing demand for spo... View more

Coherent Market Insights Fresh Seafood Packaging Market

Published Date : Jun 2023

The Fresh seafood packaging market is expected to witness significant growth over the forecast period. Fresh seafood is an extremely perishable food and is required to be handled with care to ensure that it is prevented the growth of microorganisms. Growth of the mark... View more

Coherent Market Insights Bag In Box Container Market

Published Date : Jun 2023

Report Description Bag-in-box containers are the type of packaging containers, which consists of a bladder or plastic bag and are usually made up from ethylene vinyl acetate, low-density polyethylene (LDPE) and oth... View more

Coherent Market Insights Europe Biodegradable Foodservice Disposable Market

Published Date : Jun 2023

Biodegradable disposables are formed by natural raw materials such as wheat bran, cane fibre, bamboo, wheat & rice bran, bamboo, dried leaves, and others. Rising concerns over environmental damage due to excessive usage and disposal of plastic based disposables ha... View more

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