Packaging

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 Bioplastic Packaging Market

Published Date : Apr 2024

The global bioplastic packaging market is estimated to be valued at USD 19.91 Bn in 2024, growing at a compound annual growth rate (CAGR) of 17.1% from 2024 to 2031. The global bioplastic packaging market has been growing significantly over the past decade. Bioplastic... View more

Coherent Market Insights Sachet Packaging Market

Published Date : Apr 2024

The global sachet packaging market is estimated to be valued at US$ 9.22 Bn in 2024, growing at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. The global sachet packaging market has been witnessing significant growth in the recent past owing to the ri... View more

Coherent Market Insights E Commerce Packaging Market

Published Date : Apr 2024

The Global E-Commerce Packaging Market is estimated to be valued at USD 93.32 Bn in 2024 and is expected to exhibit a compound annual growth rate (CAGR) of 17.1% from 2024 to 2031. The growing e-commerce industry has greatly influenced packaging trends and demands glo... View more

Coherent Market Insights Recyclable Packaging Market

Published Date : Apr 2024

The recyclable packaging market is estimated to be valued at USD 30.53 Bn in 2024 and is expected to reach USD 41.27 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. The recyclable packaging market has witnessed significant growth... View more

Coherent Market Insights Wet Waste Management Market

Published Date : Mar 2024

The global wet waste management market is estimated to be valued at USD 132.64 Bn in 2024 and growing at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.The global wet waste management market has been witnessing significant growth in recent years. Wet w... View more

Coherent Market Insights Global Tobacco Packaging Market

Published Date : Mar 2024

Global tobacco packaging market is estimated to be valued at USD 19.36 Bn in 2024 and, exhibiting a compound annual growth rate (CAGR) of 4.78% from 2024 to 2031. Global tobacco packaging market has witnessed significant growth globally over the past few years. Tobacc... View more

Coherent Market Insights Rigid Packaging Market

Published Date : Mar 2024

Global rigid packaging market is estimated to be valued at USD 227.36 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031. Global rigid packaging market refers to packaging products manufactured using rigid materials such as plastics,... View more

Coherent Market Insights Tube Packaging Market

Published Date : Mar 2024

The tube packaging market is estimated to be valued at USD 11,342.64 Mn in 2024, growing at a compound annual growth rate (CAGR) of 7% from 2024 to 2031. Tube packaging is flexible packaging that allows for transporting and storing various consumer goods. Most commonl... View more

Coherent Market Insights Blister Packaging Market

Published Date : Mar 2024

The blister packaging market is estimated to be valued at USD 31.83 Bn in 2024 and is expected to reach USD 51.78 Bn by 2031. Blister packaging is a term used for several types of pre-formed plastic packaging used for small consumer goods, foods, and for pharmaceutica... View more

Coherent Market Insights Glass Packaging Market

Published Date : Mar 2024

The Glass Packaging Market is estimated to be valued at USD 71.97 Bn in 2024 and exhibit a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031. The glass packaging market has been growing steadily over the past few decades. Glass is a versatile material that ... View more

Coherent Market Insights Paper Packaging Market

Published Date : Mar 2024

The paper packaging market is estimated to be valued at USD 428.91 Bn in 2024 and, growing at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. Paper packaging refers to the use of various types of paper products for packaging applications. This includes... View more

Coherent Market Insights Biodegradable Packaging Market

Published Date : Mar 2024

The biodegradable packaging market is estimated to be valued at USD 111.55 Bn in 2024, growing at a compound annual growth rate (CAGR) of 6% from 2024 to 2031. The growing awareness about environment protection and depletion of natural resources has led to a rise in t... View more

Coherent Market Insights Pharmaceutical Packaging Market

Published Date : Feb 2024

Global pharmaceutical packaging market has been witnessing significant growth in the 2023. Factors such as rising geriatric population, increasing prevalence of chronic diseases, and growing regulatory needs for drug packaging are driving the demand for effective phar... View more

Coherent Market Insights Retort Packaging Market

Published Date : Feb 2024

Retort packaging has emerged as a popular packaging solution in various industries due to its ability to extend the shelf life of products without the need for preservatives. It is a type of flexible packaging that is designed to withstand high-temperature processing,... View more

Coherent Market Insights Foam Cooler Box Market

Published Date : Jan 2024

Foam cooler boxes are highly efficient containers designed to keep perishable goods and beverages cool and fresh. These boxes are made of a type of foam insulation material that provides excellent temperature control, making them ideal for outdoor activities, picnics,... View more

Coherent Market Insights Bagster Bag Market

Published Date : Jan 2024

Bagster Bag is a revolutionary waste management solution that is gaining popularity in the market. It is a flexible and convenient alternative to traditional waste disposal methods, offering individuals and businesses a cost-effective and efficient way to dispose of t... View more

Coherent Market Insights Collapsible Metal Tubes Market

Published Date : Jan 2024

Collapsible metal tubes are widely used in various industries, such as cosmetics, pharmaceuticals, and food and beverages. These tubes provide a convenient and efficient packaging solution, offering protection and ease of use for consumers. The collapsible design allo... View more

Coherent Market Insights Seal Paper Market

Published Date : Jan 2024

Seal paper is a specialized type of paper that is designed to provide sealing capabilities for different types of packaging. It is widely used in industries such as food and beverages, pharmaceuticals, cosmetics, and others. Seal paper offers numerous advantages inclu... View more

Coherent Market Insights Mailer Packaging Market

Published Date : Jan 2024

The mailer packaging market has been witnessing steady growth over the past few years. Mailer packaging includes flexible pouches, bags, and envelopes that are used for protecting and shipping a variety of products. They provide cost-effective and sustainable solution... View more

Coherent Market Insights Packaging Testing Market

Published Date : Jan 2024

Packaging plays a crucial role in ensuring the safety and quality of products during transportation and storage. Effective packaging not only protects the goods from damage but also acts as a marketing tool to attract consumers. As consumers become more conscious abou... View more

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