Packaging Market Research Reports, Market Size, Trends & Analysis
The transforming lifestyle trends of individuals in present times, which include, hectic routine of day-to-day life, increased purchasing capacity, dependence on packaged food, and inclinations towards online shopping, have a huge positive impact on the packaging industry. As a result, innovation in the type of material used for packaging, such as using green materials for packaging, recyclable packaging, and plastic-free packaging are some of the key packaging market trends that has been witnessed in the recent years. The packaging market size is expanding substantially and is anticipated to witness participation from several other players, including packaging raw material manufacturers, pa Read More...The transforming lifestyle trends of individuals in present times, which include, hectic routine of day-to-day life, increased purchasing capacity, dependence on packaged food, and inclinations towards online shopping, have a huge positive impact on the packaging industry. As a result, innovation in the type of material used for packaging, such as using green materials for packaging, recyclable packaging, and plastic-free packaging are some of the key packaging market trends that has been witnessed in the recent years. The packaging market size is expanding substantially and is anticipated to witness participation from several other players, including packaging raw material manufacturers, packaging sheet producers, and others. The packaging industry analysis covers a brief detail of all the different materials used in the packaging industry, which include plastic, rubber, and paper, to metal, glass, and even wood. On the other hand, as the preferences of consumers are changing dynamically nowadays, the market players are focusing on designing more effective packaging products. Modern packaging solutions are aimed towards providing greater space for product advertisement, easy accessibility to the consumer, as well as using recyclable raw materials as a measure for reducing the ill effects of growing packaging wastes. The packaging market research reports include a brief analysis of the players operating in the packaging industry who design different packaging products for use in the food & beverages, textiles, chemicals, consumer electronics, medicines, and sensitive products industries among others.
Some of the key challenges in the packaging industry include the increasing stringent government norms for plastic packaging, growing packaging wastes, and recycling of packaging materials. Additionally, the rising awareness regarding the adverse effects of plastic on the environment, is propelling the demand for alternative packaging solutions, such as glass and paper. According to the data by the Environment Protection Agency (EPA), packaging waste in the United States alone amounted to 82.2 million tons, i.e., 28.1% of total municipal solid waste (MSW) in the year 2018. Out of this, 53.9% packaging and containers waste were recycled, while 30.5 million tons of packages contributed to landfills. Moreover, in the European Union, packaging waste generated in the year 2019 was estimated at 177.4 kg per inhabitant, according to the statistics by Eurostat.
At Kenneth Research, our packaging market research analysts offer insights on the overall packaging industry that is aimed at delivering detailed solutions for anyone looking for business opportunities and expansion of their existing businesses. Additionally, the packaging industry market research reports also covers the competitive insights, market risk analysis, environmental analysis and other latest market trends that are associated with the market growth for the upcoming years.
