Global Packaging Market 2019-2023 | Evolving Opportunities with Amcor Ltd. and Ball Corp. | Technavio
LONDON--(BUSINESS WIRE)--Nov 26, 2019--
The global packaging market is poised to grow by USD 278.59 billion during 2019-2023 at a CAGR of nearly 6% during the forecast period. Request Free Sample Pages
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Technavio has announced its latest market research report titled global packaging market 2019-2023 (Graphic: Business Wire)
Read the 146-page research report with TOC on “Packaging Market Analysis Report by Type (board packaging, rigid plastic packaging, flexible packaging, metal packaging, and glass packaging), by End-users (food, beverage, healthcare, personal care, and others), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 - 2023”.
The market is driven by the increase in demand for digitally printed packaging. Also, the rise in adoption of reusable packaging is anticipated to boost the growth of the packaging market.
The availability of products with brilliant graphics on the packaging materials not only grabs the attention of customers but also helps companies in building brand loyalty and customizing their marketing efforts. As a result, the vendors are using sophisticated decorative coatings and incorporating visual and tactile effects to the folding cartons of their products. The adoption of digitally printed packaging is gaining traction in the market as it enables vendors to offer personalized packaging for their customers. Thus, the increase in demand for digitally printed packaging is expected to drive market growth during the forecast period.
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Major Five Packaging Market Companies:
Amcor Ltd. is headquartered in Australia and operates the business under various business segments such as Flexibles and Rigid Plastics. The company offers Genesis, TripleLid, I-Light, AmLite Standard Recyclable, AmLite HeatfFlex, AmLite Ultra Recyclable, and others.
Ball Corp. is headquartered in the US and offers products through the following business units: Beverage packaging, North and Central America, Beverage packaging, South America, Beverage packaging, Europe, and Aerospace. The company offers technical punched slug, 3-piece tinplate cans, Alumi-Tek bottles, 3-piece cans, standard cans, aerosol cans, and others.
Bemis Co. Inc.
Bemis Co. Inc. is headquartered in the US and operates under various business segments, namely US Packaging, Latin America Packaging, and Rest of World Packaging. The company offers Curwood ICE, Evolution, Micvac, Snapsil, Magic Steam, Curwood FreshCase, EZ Peel, IntegraPeel, and others.
Berry Global Inc.
Berry Global Inc. is headquartered in the US and offers products through the following business segments: Engineered Materials, Health, Hygiene and Specialties, and Consumer Packaging. The company offers SteamQuick, Optmil7404E, DuraWrap, NuSeal, Clear-seal Meat and Cheese Film, Rigid Lens II, FreshView Bakery Bags, and others.
DS Smith Plc
DS Smith Plc is headquartered in the UK and offers products through the following business segments: UK, Western Europe, DCH and Northern Europe, Central Europe and Italy, North America, and Plastics. The company offers WEEE, Electrostatic Discharge Packaging, Hybrid³, Kit Pack, Easy pack, Octabins, PowerPly, and others.
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Packaging End-Users Outlook (Revenue, USD Million, 2019 - 2023)
- Personal care
Packaging Regional Outlook (Revenue, USD Million, 2019 - 2023)
- North America
- South America
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report
Related Reports on Materialsare:
Flexible Plastic Packaging Market – Global Flexible Plastic Packaging Market by product (pouches, bags, films and wraps, and others), end-users (food and beverages, healthcare, and others), and geography (APAC, Europe, MEA, North America, and South America).
E-commerce Packaging Market – Global E-commerce Packaging Market by Type (Corrugated boxes, Protective packaging, and Polybags) and geography (APAC, Europe, MEA, North America, and South America).
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INDUSTRY KEYWORD: PACKAGING MANUFACTURING
SOURCE: Technavio Research
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PUB: 11/26/2019 10:30 AM/DISC: 11/26/2019 10:30 AM