The global thin wall packaging market is rising significantly, anticipated to expand at a CAGR of 4.5% during the estimated period from 2019 to 2027, starting from US$ 41.7 Bn in 2018. The global thin wall packaging market is majorly driven by the rising food & beverage industry and growing demand for lightweight packaging. A surge in demand for a consumer-friendly and changing lifestyle are some other factors expected to drive the market in years to come.
The global molded pulp packaging market is rising significantly, anticipated to expand at a CAGR of 4.5% during the estimated period from 2019 to 2027, starting from US$ 3.3 Bn in 2018. The molded pump market is majorly driven by a shift in consumer preference towards eco-friendly & recyclable materials along with growing disposable income globally.
The global aluminum caps & closures market is rising significantly, anticipated to expand at a CAGR of 4.3% during the estimated period from 2019 to 2027, starting from US$ 5.60 Bn in 2018. The rising concerns for product security and safety along with growing demand for convenience packaging solutions the market is growing substantially.
The global beer cans market accounted for US$ XX Bn in 2018 and is anticipated to grow to US$ XX Bn growing at a CAGR of 3.5% during the forecast period from 2019 to 2027. Increasing consumption of craft beer across various regions coupled with recreational and environmental benefits are major factors driving the beer cans market growth. Customers are inclined towards craft beer brewed by both small and large breweries.
The global paper bags market accounted for US$ 4.8 Bn in 2018 and is anticipated to grow to US$ 7.3 Bn growing at a CAGR of 4.6% during the forecast period from 2019 to 2027. Constantly expanding interest for paper bags from retail division because of solid development in the retail sector combined with changing the inclination of buyers towards biodegradable packaging are factors multiplying the interest in the paper bags market.
The global zero waste packaging market is rising immensely, anticipated to expand at a CAGR of 10.8% throughout the estimated period from 2019 to 2027, starting from US$ 1,496.7 Mn in 2018. The global zero waste packaging market is majorly driven by the surge in the need for sustainable and biodegradable packaging solutions worldwide. The surge in the plastic waste generation coupled with growing environmental concerns across the globe are some of the major factors projected to enhance the global market demand during the forecast period.
The global smart packaging market is growing competently, expected to grow at a CAGR of 8.3% during the estimated period from 2019 to 2027, starting from US$ 6.87 Bn in 2018. Smart packaging technology is a growing industry with enormous prospective. Despite the fact, very few companies have ventured to take steps towards application of smart packaging in security, logistics, and marketing, thereby indicating active and intelligent packaging to become part of the industry in the coming years.
The global aseptic packaging market is increasing substantially, projected to expand at CAGR of 11.3% during the estimated period from 2019 to 2027, starting from US$ 42.93 Bn in 2018. The global aseptic packaging market volume is growing significantly, anticipated to expand at CAGR of 5.5% throughout the projected period from 2019 to 2027, starting from 355 Bn units in 2018.
The global water-soluble packaging market is growing competently, expected to grow at a CAGR of 4.8% during the estimated period from 2019 to 2027, starting from US$ 2.3 Bn in 2018. The plastic used for packaging products is a considered as loss for the economy only after a single-use. According to the report of World Economic Forum 2016, 95% of the plastic used in packaging material, values for about $80-$120 billion annually is considered as waste for an economy only after one-time use.
Globally, the professional gear bags market is expected to grow with a CAGR of 5.5% during the forecast period from 2019 to 2027 and is expected to reach around US$ 23.60 Bn by the end of 2027. Professional gear bags are specially designed bags with various individual compartments and space for convenience purposes. The professional gear bags are designed as per the equipment, which is needed to be placed in the bags. The increasing outdoor activities are among the consumers such as biking, hiking, photoshoots, trekking, and others are increasing the demand for professional gear bags, as it is convenient for the user to carry the instruments systematically, without displacing any equipment.
Packaging Market Research Reports
There are millions of producers and ancillary service providers that function in the packaging business sector generating many jobs universally. From food items to garments and from cosmetics to electronics to convenience items, each of these business sectors depend upon packaging to deliver finished products carefully to customers. Packaging supplies and technologies have undergone a transformation with increasing bend towards green, recyclable and reusable things. This has forced producers to investigate new opportunities to supply green packaging equipments and buy machinery that matches today's business requirements.
There is an urgent requirement to manufacture lightweight packaging that is intelligently devised to match consumer practices and stay abreast with the transforming lifestyles. Weight reduction of the packaging increases fuel proficiency with these packaged products transported in large quantities.
Packaging sustainability from the producer's perspective also refers to supplying economical yet high quality raw material and investing in the methods that minimize wastes and help to reuse scrap items. Many guidelines now allow recycling of scrap after abiding by the set of rules and regulations governing the packaging business sector.
Supplementary and additional business activities like printing, attractive packaging and designing are gaining momentum as items compete to attract customers on crowded supermarket shelves. With nearly all the features of the packaging market emerging and developing, market players in this business sector are required to find new avenues and exploit them completely.
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