Packaging Market Registered 3.42% YOY Growth Rate in 2021, Driven by Growth of Food Delivery & Takeaway Market-17000+ Technavio Reports.

New York, August 4, 2022 /PRNewswire/ — The packaging market end-user (food, beverage, health care, personal care, and others), type (board, rigid plastic, flexible, metal and glass), and geography (APAC, North America, EuropeMinistry of Foreign Affairs, and South America) – Forecasting and Analysis 2021-2025″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has been proudly partnering with over 100 Fortune 500 companies for over 16 years. Packaging Market share is expected to increase USD 170.61 billion from 2020 to 2025, and the pace of market growth is a . but will be faster CAGR of 3.59%, In addition, entered the market 3.42% year over year growth rate in 2021

Technavio has announced its latest market research report titled Packaging Market by End-User, Type, and Geography - Forecast and Analysis 2021-2025.

Technavio has announced its latest market research report titled Packaging Market by End-User, Type, and Geography – Forecast and Analysis 2021-2025.

To shed more light on the packaging market – Request a Free Sample Now!

Packaging Market – Key Market Dynamics

  • Market Driver – The major factor driving the growth of the packaging market is the growth of the food delivery and takeaway market. The global food delivery and takeaway market is growing at a significant pace, driven by increased urbanization, busy and hectic lifestyles of consumers, increased mobile phone penetration and increased adoption of m-commerce. There has been a significant increase in online food ordering due to the growth in online platforms. At present, as most of the people across the world are used to the use of internet and mobile applications, many people prefer to order food through mobile applications and online portals. It is more convenient and also cheaper due to better deals/discounts. The availability of online services has made many restaurants accessible, and restaurants provide food through online services at competitive prices. Major players in the global online food delivery market include Delivery Hero, Domino’s, Just Eat and Foodler. Therefore, with the growth of the global food delivery and takeaway market, the global packaging market is anticipated to grow simultaneously.

  • Market Challenges – High manufacturing cost for packaging is one of the major challenges hindering the growth of packaging market. One of the major raw materials used in the manufacture of packaging is paper pulp. It is widely used for the production of corrugated boxes, cardboard boxes, folding cartons and paper bags, among other packaging. The prices of paper pulp are constantly fluctuating. For example, the producer price index for pulp, paper and allied products is 169.7 in. grew from March 2017 to 217.1 inches June 2018, In addition, the increase in the cost of transportation has led to an increase in the price of paper. Rising fuel prices in many countries are adding to the burden of transportation costs for paper. Similarly, changes in the prices of other raw materials like plastics also affect the overall cost of the market players. Raw material suppliers are forced to pass these costs on to the end users by raising prices. The resulting increase in prices negatively affects the growth of the market.

To learn about additional key drivers, trends and challenges – Request a sample report now!

Packaging Market – Segmentation Analysis

The Packaging Market report is compiled by end-user (food, beverage, health care, personal care, and others), type (board, rigid plastic, flexible, metal, and glass), and geography (APAC, North America, EuropeMinistry of Foreign Affairs, and South America,

  • Revenue generating segment – The growth in the packaging market share by food will be crucial for the revenue generating segment. The potential growth in sales of packaged food is creating demand for packaging globally.

  • Regional Highlights – 41% of the market growth will be generated from APAC during the forecast period. China and India are the major markets for packaging markets in APAC. The market growth in this region will be faster than the market growth in the regions.

get a sample report For additional insight into the contribution of all sectors and regional opportunities.

Packaging Market – Vendor Analysis

The packaging market is fragmented and vendors are adopting Organic and Inorganic Growth Strategies To compete in the market.

  • To gain access to more vendor profiles along with the leading offerings available with Technavio, click here

Competitive Scenario Provided in packaging market report Analyzing, evaluating and positioning companies based on various performance indicators. Some of the factors considered for this analysis include financial performance of companies over the years, growth strategies, product innovations, new product launches, investments, increase in market share, etc. Don’t wait, create a strategic approach and promote your business goals with our Packaging Market Forecast Report – Buy now!

Related reports:

Packaging Market Scope

report coverage

description

page number

120

base year

2020

forecast period

2021-2025

Growth pace and CAGR

Accelerating at a CAGR of 3.59%

Market Growth 2021-2025

USD 170.61 billion

market structure

fragmented

Year on Year Growth (%)

3.42

regional analysis

APAC, North America, Europe, MEA, South America, APAC, North America, Europe, MEA and South America

performance market contribution

APAC at 41%

major consumer countries

US, China, UK, India and Canada

competitive landscape

Leading Companies, Competitive Strategies, Scope of Consumer Engagement

Profiled companies

Amcor plc, Ball Corp., Berry Global Group Inc., CCL Industries Inc., DS Smith plc, DuPont de Nemours Inc., Mondi Group, Smurfit Kappa Group plc, Sonoco Products Company and Westrock Company.

market dynamics

Basic market analysis, market growth drivers and constraints, fast growing and slow growing segment analysis, COVID 19 impact and future consumer dynamics, and analysis of market conditions for the forecast period.

range of customization

If our reports don’t include the data you’re looking for, you can reach out to our analysts and get customized segments.

Browse for Technavio “material market“research report

Major topics covered:

1. Executive Summary

2 Market Scenario

3 Market Sizing

4 Analysis of the Five Forces

5 Market Segmentation by End User

6 Market Segmentation by Type

7 Customer Scenario

8 Geographical Landscapes

9 drivers, challenges and trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

about us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market position. With over 500 specialized analysts, Technavio’s report library includes over 17,000 reports and counting, covering 800 technologies spanning 50 countries. Their customer base includes enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s extensive coverage, extensive research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position within changing market scenarios.

contact

Technavio Research
Jessie Flour
Media and Marketing Executive
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UK: +44 203 893 3200
E-mail:media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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