CHICAGO, Nov. 23, 2021
CHICAGO, Nov. 23, 2021 /PRNewswire/ -- Packaging and logistics play a crucial role in retail and e-commerce sectors. During the COVID-19 pandemic the demand for packaging material have increased rapidly due to the emergence of transportation of medical equipment. The pouch fill rate is improving in recent years, which in turn, is expected to increase the demand for flexible packaging products during the forecast period.
Observing these rapid and drastic changes in demand and supply patterns encouraged the industry analysts at Arizton to publish exhaustive and data-driven insights on these recent trends in the logistics packaging industry. If you want to grow and gain profit in your business, check out our wide rage of packaging and logictics related report today and get customised reports as per business requirement!
1. Flexible Packaging Market - Global Outlook and Forecast 2021-2026
The global flexible packaging market is expected to reach USD 212 billion and is expected to grow at a CAGR of 4.35% during the period 2021-2026. The innovation of numerous polymer resins which can be used to create newer packaging products is expected to dominate the global flexible packaging market. As packaging companies are planning to achieve sustainability by 2025, they are currently reducing the gauge and weight of packaging materials and using recycled resins for non-food applications. The demand for multi-sized flexible plastic containers has increased the scope for customization in the machinery industry. Technological advancements in the packaging machinery market have contributed significantly to the growth of the flexible food packaging sector. Hence, all these factors are expected to fuel the growth of the flexible packaging market globally.
2. Flexible Packaging Market in Europe - Industry Outlook and Forecast 2020-2025
Europe flexible packaging market to grow at a CAGR of 4% during the forecast period. The EU plans to ensure that the complete lifecycle of plastic production (resin or film) is redesigned to make products that are recycled and hence economically viable to the producers. By 2030, the European Commission plans to ensure that all plastic-based packaging will be either reusable or recyclable. Consumer spending in different end-user segments, especially in food products in Europe will stay strong; consumer spending is forecasted to grow by 1.7% in 2020. Spain is the fastest growing economy in Europe with respect to the retail sector, which is expected to fuel the demand in various end-user segments, especially food products. This in turn, will accelerate the demand for flexible packaging market in Europe.
3. Vacuum Packaging Market - Global Outlook and Forecast 2020-2025
The global vacuum packaging market is expected to reach USD 27.32 billion by 2025, growing at a CAGR of 5.66%. Vacuum packaging in flexible pack types has significant demand and will replace vacuum packaging of the rigid pack variety owing to the former's lightweight characteristic in the upcoming years. Vendors are continuously focusing on R&D, which in turn, carried out to improve the benefits associated with the use of lightweight vacuum packaging in flexible packs. To increase demand for these products across online platforms, companies such as Amazon and Flipkart have opted for automated vacuum packaging machines in their warehouses to reduce packaging time and provide fresh-packed food products.
4. Egg Packaging Market - Global Outlook and Forecast 2020-2025
The global egg packaging market is expected to reach USD 3.70 billion by 2025, growing at a CAGR of 4.20%. On a global scale, countries such as the United States, France, Mexico, China, India, Indonesia, and Brazil are the major producers of eggs. This in turn, is surging the growth of the egg packaging market. Additionally, the APAC region is expected to be a key destination for top-performing players in the global egg products market, with a significant increase in production and packaging solutions expected from China, India, and Indonesia during the same period. Egg packaging vendors across the world have increased their focus on strategies to increase profits in the coming years. In recent years, egg packaging manufacturing industries witnessed intense competition among regional players. Key vendors in the egg packaging market are expanding through organic strategies such as launching new products or expanding their manufacturing capacity.
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