Technavio market research analysts foresee positive growth for many segments of the packaging industry in the next five years. In their recent findings, Technavio talks about three booming markets under the packaging industry that are anticipated to generate considerable revenues and grow at a consistent rate during the forecast period.
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Global Beverage Packaging Market 2017-2021
The global beverage packaging market is driven by the increased demand for single-serve, multipacks, and sustainable packaging. The sustainable packaging offers several advantages to food and beverage packaging manufacturers, and it helps them provide products that are eco-friendly. Moreover, the use of recyclable materials enables manufacturers to provide lightweight packaging for their products and increases the reuse of packaging materials. These materials encourage manufacturers to recycle packaging and increase the volume of recycled content in new packaging. Major vendors in the market like Carlsberg and Heineken are shifting to sustainable packaging to gain a competitive advantage over other players in the market. Request a sample report.
Global Agricultural Packaging Market 2016-2020
The rising number of innovations introduced in the global agricultural packaging market will boost the demand for new products in the market. The manufacturers are introducing innovative packaging materials to reduce wastage of food and beverage products. For instance, EDP Australia, a supplier of fresh fruit and vegetable grading and packaging solutions, is developing pre-packaging technology for organic citrus fruits. This packaging solution consists of printed films that will convey the message that the citrus fruits in the package are chemical-free through a storyboard. Such innovations in the market will aid the market to generate close to USD 18 million 2020, a substantial increase from USD 14 million in 2015.
The researchers at Technavio has segmented the market by geography that includes APAC, Europe, North America, South America, and ROW. APAC is the fastest growing region in the market and it is estimated that it will grow at a CAGR of more than 5% by 2020. The demand for corrugated boxes for packaging fresh produce for bulk shipments will fuel the growth of the market in this region. Request a sample report.
Global Flexible Protective Packaging Market 2016-2020
The exponential growth of the e-commerce industry will boost the demand in the global flexible protective packaging market during the forecast period. The e-commerce companies are primarily focusing on reducing pilferage in transit while delivering these products. The vendors are using air pillows, bubble wraps, flexible foam, and protective mailers to ensure the safe delivery of products to their customers. These materials help in protecting goods from shock, vibration, abrasion, and the other damaging effects of shipping and handling. The market will grow at a CAGR of more than 6% by 2020.
Several vendors are taking strategic initiatives to strengthen their customer base in the packaging sector. Pregis, a leading vendor in the market, introduced a new protective packaging hybrid void fill system that creates multiple pillow patterns from one machine. Request a sample report.
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