- The key vendors in the Global Consumer Packaging Market 2014-2018 are Amcor Ltd., Crown Holdings Inc., Owens-Illinois Inc., Rexam plc and Tetra Pak International SA.
London, 28 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Consumer Packaging Market 2014-2018. One of the major trends in the market is the increased demand for premium packaging. Because packaging plays a major role in the sale of any product, companies have come up with premium packaging solutions. Customers prefer to buy products that have good packaging designs and premium labeling. The overall market is expected to grow at a CAGR of 3.78 percent during the forecast period of 2013-2018.
The Global Consumer Goods market not only generates an enormous amount of profit for itself, but also generates a huge amount of money for other sectors, especially Retail and Advertising. A major part of the demand for consumer goods come from the US, Western Europe, and Japan.
“Premium packaging is the basic indication of the high quality of the product inside; hence, consumers look for products with premium packs,” says Faisal Ghaus, Vice President of TechNavio Research.
“Vendors use expensive ingredients, technologies, colors, and other raw materials to develop premium packs.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
