Published on : Apr 10, 2018
Albany, New York, April 10, 2018: According to the findings of the latest study, the global personalized packaging market has witnessed solid growth during the past few decades, primarily driven by the increasing trend of luxury packaging across the world. Apart from that, maintaining safety during transportation of products has gained immense importance, paving the way for the growth of the personalized packaging market. To elaborate further, Market Research Hub (MRH) has recently released this new study to its online repository, which is titled as “Personalized Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”. This 187-page study focuses on analyzing past trends of the global personalized packaging market and presents future prospects from 2017 to 2026. In addition, readers will also gain an understanding of the key opportunities and trends that are impacting the growth of the market.
Moving further, the research highlights opportunities present in the market on the basis of geographical segregation which covers prime regions, such as North America, Asia Pacific (APAC), Latin America, Middle East & Africa (MEA), and Europe. On the basis of regional outlook, the analyst of the report has found that global personalized packaging market attained a value worth US$ 25,577.9 Mn in 2017 and over the forecast period of 2017-2025, it will possibly flourish at a promising CAGR of 5.1%. Also, the report added that the increasing customization in packaging across the countries has given a major boost to the personalized packaging market.
The report begins with an overview of the global personalized packaging market, evaluating market performance regarding revenue, followed by analysis of key trends, drivers, and restraints witnessed in the global retail as well as personalized packaging market in the past few years. As per the report key evaluations, growing need for customization in packaging for confirming the safety of the product is generating the demand to a large extent, which is further strengthened by growing international exports and import. Among geographic market segments, the APAC region is anticipated to lead the global personalized packaging market through 2025.
Moreover, the report is categorically divided into four key sections on the basis of material type, packaging type, end use, and region. Based on the material type, the global personalized packaging market has been segmented into glass, paper & paperboard, plastic, and metal. Major packaging types are bottles, cartons, boxes, bags & pouches, jar & containers and envelop. Also, major end users are beverages and food industry. Each of the segment has been explained in detail to aware investors about the profit and loss.
Another vital section of the report is competitive landscape featuring some of the top companies, their products and business strategies. Some of the key players include ProAmpac LLC., Huhtamaki Oyj, The Mondi Group Plc. , Smurfit Kappa Group, ABOX Packaging Co., Glenroy Inc., Salazar Packaging, Inc., PrimeLine Packaging, Elegant Packaging, Pak Factory Inc., ACG Ecopak ., Cal Box Group. and SoOPAK Company.
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