The research study conducted by Report Ocean on the “ Moisture-resistant Packaging Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Moisture-resistant Packaging Market is valued approximately USD 25.65 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2022-2029. Protective packaging classified as moisture-resistant packaging, which is used to pack a broad range of goods and products that must be stored or kept in their original condition. In this kind of packaging, a coating or protective barrier consisting of high-barrier materials protects the condition of the product inside. It is frequently utilized when the container is exposed to moisture. Moisture-resistant packaging helps protect moisture-sensitive products throughout storage and transportation. Various bags, box trays, pouches, and bottles are included in the moisture-resistant packaging. The key factor driving the market growth is the rising demand in food and beverages industries for packaging food and beverages products to increase the shelf life of products and the rapid expansion of the e-commerce sector also creates the demand for moisture-resistant packaging for packaging various types of food, groceries, and other products.
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Moisture-resistant Packaging is widely used in the food and beverages industry for packaging food and beverages. The rising demand for packaged food and beverages is anticipated to create a demand for the Moisture-resistant Packaging market. According to Statista, in 2015, the sales value of packaged foods in India was USD 46.01 billion and the number reached USD 76.28 billion in 2018. As a result, rising packaged food consumption would create a lucrative demand for the market. Additionally, the rising popularity of biodegradable moisture-resistant packaging is anticipated to create lucrative opportunities for the market during forecast period. However, the high cost of Moisture-resistant Packaging stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Moisture-resistant Packaging Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the increasing spending on packaged food products and growing demand in the food and beverages industry. Whereas, Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period, owing to factors such as the rising growing adoption e-commerce sector and rising demand in packaged food and beverages would create lucrative growth prospects for the Moisture-resistant Packaging market across the Asia Pacific region.
Major market players included in this report are:
Amcor plc
Sonoco Products Company
Mondi Group
WestRock Company
Smurfit Kappa Group plc
DS Smith Plc
Constantia Flexibles Group GmbH
Berry Global Inc.
Glenroy, Inc.
ProAmpac Intermediate, Inc.
Recent Developments in the Market:
In May 2022, Techni Paper was introduced by Smurfit Kappa and is a moisture-resistant packaging material with many special qualities, including heat resistance, barrier properties, anti-static, and heat sealability.
Global Moisture-resistant Packaging Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Material, Packaging Type, End Use, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Material:
Plastic
Glass
Metal
Paper & Paperboard
By Packaging Type:
Bags and Pouches
Films
Bottles & Jars
Trays & Clamshells
Others
By End Use:
Food & Beverage
Pharmaceutical
Electrical and Electronics
Cosmetics & Personal Care
Chemical & Fertilizer
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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