The packaging industry has expanded its horizons in all sectors. The pressing need for effective packaging of products without affecting their texture and properties is likely to generate voluminous growth in the primary packaging market. Primary packaging is gaining popularity due to its efficiency in protecting and preserving the product. Further, it protects the product from contamination and stores it for a longer period. All these benefits provided by primary packaging may bring stupendous growth to the primary packaging market.
The primary packaging market can be segmented into blister packs, clamshell packaging, unit dose packs, clamshell packaging, shrink wrapping, paper board packaging, and others based on type. By mode of packaging, the market can be classified into containers, wrappers, boxes, cartons, and others. Furthermore, on the basis of application, the market can be classified into household care, personal care, food and beverages, pharmaceuticals, and others.
The expert team of analysts at TMR offers an incisive outlook on the growth trajectory of the primary packaging market. The extensive market survey includes various aspects such as the latest trends, competitive scenarios, key drivers restraints, and regional dynamics. The insights provided by the experienced team throw light on the factors that impact the market growth. The CXOs clearly understand the market and can plan strategies accordingly.
During the advent of the COVID-19 pandemic, e-commerce sales showed immense traction. This led to the burgeoning demand for packaging. Concurrently, pharmaceutical companies were in huge demand owing to the medical requirements of the global population. The extensive use of primary packaging in the pharmaceutical sector may induce voluminous growth in the primary packaging market.
The concerns regarding the environment have given rise to a pressing need for sustainable packaging. The use of reusable and recyclable products in the packaging industry has eventually created multiple growth opportunities for the primary packaging market. In addition, the market has gained a competitive edge owing to the adoption of IoT in the primary packaging market.
The leading players operating in the primary packaging market are whetting their expertise in research and development activities and coming up with novel products which can be efficient in various sectors. Consequently, innovations and technological advancements may provide multiple growth avenues for the primary packaging market.
Digitalization has led to product awareness which has influenced market growth. In addition, the new product launches and promotional activities have buckled up the demand for primary packaging in various end-use applications. Subsequently, the growing demand for primary packaging in the food, beverage, personal care, and pharmaceutical sectors is likely to open new growth avenues for the primary packaging market. The strategic collaborations with mergers, acquisitions, joint ventures, and startups have proved to be fruitful for the growth of the primary packaging market.
Some of the key players operating in the primary packaging market are Hindustan National Glass & Industries Ltd., Heinz-Glass GmbH, Koa Glass Co. Ltd, Bemis Company, Inc., MeadWestvaco Corp., Rexam PLC, and Schott AG
Based on the region, the global primary packaging market can be segmented into North America, Latin America, Europe, Asia Pacific, and LAMEA. Asia Pacific may add revenue growth to the global primary packaging market due to the increasing number of pharmaceutical companies and their expansion on a wide scale. Further, the rising awareness regarding health and the expansion of pharmaceutical industries may increase the scope for the progress of the primary packaging market. North America is anticipated to bring new revenue generation opportunities for the primary packaging market due to the technological advancements and increase in production capabilities owing to the substantive demand for primary packaging in this region.
N/A
Copyright © Transparency Market Research, Inc. All Rights reserved
Trust Online
Primary Packaging Market
