Packaging

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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

Adherence Packaging Market, By Material (Plastic, Paper and Paperboard Aluminum), By Type (Unit-dose Packaging, Multi-dose Packaging), By Packaging Type (Blisters, Pouches, Other Packaging Types), By End User Industry (Pharmacies, Hospitals, Other End Users), and By Geography (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Sep 2022

The global adherence packaging market size was valued at USD 864.54 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 7.22% from 2022 to 2030. Growing need to reduce drug wastage is augmenting growth of the global adherence packagin... View more

Coherent Market Insights

Packaging Foams Market, By Material (Polystyrene, Polyurethane, Polyolefin, Other Materials), By Structure (Flexible, Rigid), By Application (Food Packaging, Industrial Packaging), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Aug 2022

The global packaging foams market size was valued at USD 10279.34 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 4.56% from 2022 to 2030. Rapid growth in packaging industry is a prime factor augmenting global packaging foams mark... View more

Coherent Market Insights

Single Use Packaging Market, By Material Type (Paper and Paper Board, Plastics, Glass, Other Material Types), By End-User Industry (Food, Beverage, Personal Care, Pharmaceutical, Other End-user Industries), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Aug 2022

In today's world, single use packaging is all around us. From the aisles of the grocery store to the essentials in the office, everything is wrapped in a single-use plastic container. Whether it's in the form of a straw, coffee mug, or paper cup, single-use packaging ... View more

Coherent Market Insights

Wine Packaging Boxes Market, by product Type (Paper, Wooden, Polypropylene, Kraft Paper, Others), by  Distribution Channel( Online Retail, Offline Retail), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Jul 2022

Wine, an alcoholic drink made from fermented grapes has a huge presence in many house parties, get together, meetings, diners etc. which kept wine industry in great demand for a long period of time. An opened wine bottle pertains its original taste for a few days afte... View more

Coherent Market Insights

Food Container Market, by Product (Bottles & Jars, Cans, Cups & Tubs, Boxes, and Others), by Material (Plastic, Glass, Metal, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Jul 2022

Food containers are used for packaging, carrying, and transporting food products, which is a major factor driving the global food containers market growth. Packaged foods primarily include ready-to-eat (RTE) meal... View more

Coherent Market Insights

Cold Chain Packaging Market, By Product (Insulated Containers, Refrigerants, Temperature Monitoring), By End-User Application (Food, Dairy, Pharmaceutical, Other End-user Applications), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Jul 2022

Cold Chain Packaging (CCP) is an important process for the secure distribution of temperature-controlled pharmaceuticals and food products. By following strict temperature-related regulations, Cold Chain Packaging ensures that these products remain at an optimal tempe... View more

Coherent Market Insights

Contract Packaging Market, By Packaging (Primary, Secondary, Tertiary), By End-User Industry (Food, Beverage, Pharmaceutical, Household and Personal Care, Other End-user Industries), By Geography (North America, Latin America, Europe, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Jul 2022

Using contract packaging is a great way to save money and time. The end goal of contract packaging is to deliver the product safely to retail locations in a high quality, attractive package. The entire process follow quality control and inventory control procedures.... View more

Coherent Market Insights

Luxury Packaging Market, By Material (Paperboard, Glass, Metal, Plastics, Other Types of Materials), By End-User Industry (Cosmetics and Fragrances, Confectionery, Watches and Jewellery, Premium Beverages, Other End-user Industries), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Jul 2022

There are many benefits of luxury packaging. From design to development to manufacturing, it is a crucial component of a brand's image. And studies show that consumers will spend more on products if the packaging is appealing. Creating the right luxury packaging desig... View more

Coherent Market Insights

Reusable Plastic Containers Market, By Type (Bulk Containers, Handheld Storage Containers, and Others), By Application (Vegetables, Fruits, Eggs, Meat, and Others), and by Region (North America, Latin America, Asia Pacific, Europe and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Apr 2022

Reusable plastic containers (RPC) has become increasingly popular in the transportation of food and beverages around the world. Totes, boxes, bulk containers, sleeves, and other reusable plastic containers are all examples of reusable plastic containers. Reusable plas... View more

Coherent Market Insights

Ice Cream Packaging Market, by Packaging Type (Cup, Tub, Stick Packs, Folding Carton, and Others), by Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Ice-Cream Parlors, Online Stores, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published Date : Dec 2021

According to the Food Safety and Standards Regulations (FSSR), 2011, ice cream, kulfi, chocolate ice cream or softy ice-cream means the frozen milk product conforming to the composition specified, obtained by freezing a pasteurized mix prepared from milk or other prod... View more

Coherent Market Insights

Europe Bag in Box Packaging Market, by Capacity (Less than 1 Liter, 1 to 5 Liters, 6 to 10 Liters, 11 to 15 Liters, and More than 15 Liters), by Material Type (Barrier and Corrugated Box), by Barrier (Aluminum, Metalized PET, Ethylene Vinyl Alcohol, Polyamide, and Others (PDVC, metalized PP)), and by End User (Food & Beverage, Industrial, and Household & Personal Care) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published Date : Dec 2021

The increasing demand for sustainable delivery of different alcoholic and non-alcoholic beverages has led to bag in box manufacturing innovation. Apart from that, there is a growing acceptance of bag-in-box due to growing demand for non-contaminated food and secure me... View more

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