NEW YORK , Aug. 4, 2022 /PRNewswire/ -- The Packaging Market by End-user (food, beverage, healthcare, personal care, and others), Type (board, rigid plastic, flexible, metal, and glass), and Geography (APAC, North America , Europe , MEA, and South America ) - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The packaging market share is expected to increase by USD 170.61 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.59%. Also, the market recorded a 3.42% Y-O-Y growth rate in 2021.
For more highlights on the packaging market - Request a FREE sample now!
Packaging Market - Key Market Dynamics
Market Driver - The key factor driving the packaging market growth 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 a rise in urbanization, the busy and hectic lifestyle of consumers, a surge in mobile phone penetration, and an increase in the adoption of m-commerce. There is a significant rise in online food ordering, owing to an increase in online platforms. Currently, as most people around the globe are habituated to the use of the Internet and mobile applications, many people prefer to order food through mobile applications and online portals. It is also more convenient and cheaper because of better deals/discounts. Many restaurants have become accessible owing to the availability of online services, and restaurants provide food offered through online services at competitive prices. The 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 simultaneous growth of the global packaging market is anticipated.
Market Challenges - High manufacturing cost for packaging is one of the key challenges hindering the packaging market growth. One of the major raw materials used in the manufacturing of packaging is paper pulp. It is widely used for producing corrugated boxes, cardboard boxes, folding cartons, and paper bags, among other packaging. There have been continuous fluctuations in the prices of paper pulp. For instance, the Producer Price Index for pulp, paper, and allied products rose from 169.7 in March 2017 to 217.1 in June 2018 . Furthermore, there has been an increase in the price of paper owing to a surge in the cost of transportation. Rising fuel prices in many countries have been adding to the burden of transportation costs for paper. Similarly, changes in prices of other raw materials like plastic also affect the overall cost of market players. Raw material suppliers are forced to pass on these costs to end-users by raising the prices. The resultant increase in prices negatively affects market growth.
To learn about additional key drivers, trends, and challenges - Request a Sample Report right now!
Packaging Market - Segmentation Analysis
The packaging market report is segmented by End-user (food, beverage, healthcare, personal care, and others), Type (board, rigid plastic, flexible, metal, and glass), and Geography (APAC, North America , Europe , MEA, and South America ).
Revenue Generating Segment - The packaging market share growth by food will be significant for the revenue generating segment. The potential growth in packaged food sales is generating the demand for packaging globally.
Regional Highlights - 41% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the packaging markets in APAC. Market growth in this region will be faster than the growth of the market in regions.
Grab a sample report for additional insights into the contribution of all the segments & regional opportunities.
Packaging Market - Vendor Analysis
The packaging market is fragmented and the vendors are adopting organic and inorganic growth strategies to compete in the market.
To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
The competitive scenario provided in the Packaging Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Packaging Market Forecast Report - Buy Now!
The rigid plastic packaging market share is expected to increase by USD 75.47 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.5%.
The perforated packaging film market share is expected to increase to USD 665.78 million from 2021 to 2026, at a CAGR of 5.1%
Accelerate at a CAGR of 3.59%
APAC, North America, Europe, MEA, South America, APAC, North America, Europe, MEA, and South America
US, China, UK, India, and Canada
Leading companies, competitive strategies, consumer engagement scope
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 Co., and WestRock Co.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.
Browse for Technavio "Materials Market" Research Reports
2.2 Impact of COVID-19 on the industrials sector
3.4 Market outlook: Forecast for 2020-2025
5.3 Food - Market size and forecast 2020-2025
5.4 Beverage - Market size and forecast 2020-2025
5.5 Healthcare - Market size and forecast 2020-2025
5.6 Personal care - Market size and forecast 2020-2025
5.7 Others - Market size and forecast 2020-2025
6.3 Board - Market size and forecast 2020-2025
6.4 Rigid plastic - Market size and forecast 2020-2025
6.5 Flexible - Market size and forecast 2020-2025
6.6 Metal - Market size and forecast 2020-2025
6.7 Glass - Market size and forecast 2020-2025
8.3 APAC - Market size and forecast 2020-2025
8.4 North America - Market size and forecast 2020-2025
8.5 Europe - Market size and forecast 2020-2025
8.6 MEA - Market size and forecast 2020-2025
8.7 South America - Market size and forecast 2020-2025
12.2 Currency conversion rates for 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 positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email:media@technavio.com Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/packaging-market-recorded-a-3-42-y-o-y-growth-rate-in-2021--driven-by-growth-of-food-delivery--takeaway-market--17000-technavio-reports-301599072.html
Yahoo Finance Live anchors discuss Tyson earnings and how inflation is impacting meat demand.
Yahoo Finance Live anchors discuss Nvidia expecting to miss on second-quarter earnings estimates.
What happened Shares of Rivian Automotive (NASDAQ: RIVN) spiked 10% today to start the trading week. The stock didn't hold those gains, but was still up 6.6% as of 2 p.m. ET on Monday. The company provides its second-quarter financial and operational update this Thursday, Aug.
Norway has drawn up plans to ration electricity exports in a move that has heightened fears of energy shortages in the UK and Europe this winter.
Alphabet, Amazon, DexCom, Shopify, and Tesla have all announced stock splits this year -- but only one of these giants is a screaming buy.
Yahoo Finance anchors discuss second-quarter earnings for Palantir.
Whether the stock market is near an all-time high or in a bear market, no one wants to pay more for a share of a company than it is worth. A dirt cheap dividend stock could be a company that is being valued at less than its historical metrics indicate. Phillips 66 (NYSE: PSX), Kinder Morgan (NYSE: KMI), and United Parcel Service (NYSE: UPS) are three industry-leading businesses that are all cheap stocks based on historical valuations.
In this article, we discuss 10 stocks that will suffer if China invades Taiwan. If you want to see more stocks in this selection, click 5 Stocks That Will Suffer If China Invades Taiwan. The United States has said on many occasions that it will retaliate against China if it decides to invade Taiwan, whereas […]
IBM has accused a Swiss tech start-up of using a British front company to steal and copy its trade secrets.
Bank of America Corporation ( NYSE:BAC ) has announced that it will be increasing its dividend from last year's...
Insiders used the rally in the markets in July to take some money off the table it would seem. The ratio of insider selling compared to insider buying moved to its highest level in 2022. A director just picked up nearly $1.5 million of new shares, a purchase that followed a dismal second-quarter earnings report that sent the stock down about 20%.
Tesla (TSLA) announces a 3-for-1 stock split with a stock dividend effective on Aug 25. It will make the stock accessible to retail investors and might buoy its share price.
Snap (SNAP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Most Americans have less in their retirement accounts than they'd like, and much less than the rules say they should have. So, obviously, if that describes you then you're not alone. Now, most financial advisors recommend that you have between five … Continue reading → The post How Much Should I Have in My 401(k) at 50? appeared first on SmartAsset Blog.
TOKYO (AP) — Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates.
Upstart Holdings (NASDAQ: UPST) and Affirm Holdings (NASDAQ: AFRM) were two of the market's hottest fintech stocks last year. Upstart went public at $20 per share in December 2020, started trading at $26, and soared to an all-time high of $390 last October.
Give Nvidia a bit of credit for knowing to get the bad news out early. The chip maker primarily blamed weakness in its videogaming business, which is mostly made up of graphics processors used in PC gaming rigs. Nvidia’s shares slid nearly 8%, though the stock is faring better than the last time the company warned it would come up short.
BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Let us look at four drug and biotech companies, EXEL, BHC, CPRX and AXSM, which are gearing up for their earnings release.
Boeing’ s 787 Dreamliners will soon take to the skies again after being grounded for more than a year now that the aircraft manufacturer has secured the final go-ahead from the Federal Aviation Administration. “Boeing (ticker: BA ) has made the necessary changes to ensure that the 787 Dreamliner meets all certification standards,” the FAA said in a statement on Monday. Boeing stopped delivering the 787 jets more than a year ago after quality problems were found in manufacturing.