- The key vendors in the Consumer Packaging Market in the US 2015-2019 are Amcor Ltd., Ball Corporation, Bemis Company Inc. and Crown Holdings Inc.
London, 25 March 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Consumer Packaging Market in the US 2015-2019. One of the key trends upcoming in this market is increased demand from the e-Commerce market because of a rise in the number of online retailers and online consumers. With the advent of mobile internet, consumers now have the convenience of easy access to retailer websites on their mobile phones. The Consumer Packaging market in the US is expected to grow at a CAGR of 3.78 percent during the forecast period of 2014-2019.
The Consumer Packaging market in the US is expected to grow at a rapid rate because of the presence of large multinational vendors and increased collaboration between large and small enterprises. The market is highly fragmented with the presence of many micro, small and medium-sized vendors worldwide. The topmost companies occupy a large portion of the market while the remainder is occupied by many international and regional vendors.
“Vendors have started investing in R&D to develop packaging materials that can be recycled and have traditional capabilities of friction, moisture, and heat resistance,” says Faisal Ghaus, Vice President of Technavio Research.
“A new innovative technology developed by the Western Reserve University Lab, AeroClay technology, helps turn clay and other ingredients into a versatile material that is sturdy, eco-friendly, and temperature-resistant.”
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%…
