Service Packaging Industry

1. Summary Global Service Packaging Industry by Material (Paper & Paperboard, Plastic, and others) Product (Boxes, Bags, Pouches, and others) Application (Food & Beverages, Consumer goods, Pharmaceutical and others), and Region - Forecast 2023 Service Packaging Industry Scenario Currently, the Service Packaging Industry is surging primarily due to the rapid growth in the e-commerce sector. The easiness of online shopping because of quicker delivery, easier return policies, and free shipping have made many consumers shift from the traditional method of shopping. Moreover, increasing pharmaceutical industry across the globe also has the positive influence on the growth of the market. However, fluctuating prices of packaging raw materials are the factor, which may hamper the growth of the market. Get Free Sample @ https://www.marketresearchfuture.com/sample_request/1677 Regional Analysis On the basis of the regions, the global Service Packaging Industry is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Asia Pacific region accounted for the highest market share in 2016, in terms of value. The remarkable growth in the Asia Pacific packaging industry is the crucial factor fueling the growth of the global market. Increase in purchasing power of the consumer in countries such as China, India, and Indonesia, have boosted the demand for good-quality processed & packaged food. Growing number of hypermarket in the region is also expected to fuel the demand for service packaging products. China, India, Japan, and Thailand are the highest contributor to Asia Pacific market. China accounts for the largest market share in the region mainly due to strong economic growth, rapid urbanization and increse in shopping activities. Key Players Key players in the global Service Packaging Industry include Amcor Ltd. (Australia), AptarGroup Inc. (USA), Bemis Company Inc. (USA), Cascades Inc. (Canada), Crown Holdings Inc. (USA), DS Smith PLC (UK), Georgia-Pacific Corporation ITC Ltd. (USA), Graphic Packaging International Inc. (USA), International Paper (USA), Mondi Group (Austria), Nippon Paper Industries Co. Ltd. (Japan), Smurfit Kappa Group (Republic of Ireland), and Sonoco Products Company (USA). Segmentation The market is segmented based on material, product, and application. On the basis of the product, the market is segmented into boxes, bags, pouches, and others. The pouches is the major product segment of the market. It is available in several types of stand-up pouches, pillow pouches, and retort pouches. The stand-up pouches are showing higher growth rate due to great barrier properties against moisture and oxygen along with low material usage and cost-effectiveness. On the basis of the materials, the market is segmented into paper & paperboard, plastic, and others. Plastic dominates the material segment of the global market. It is extensively used

2. materials for packaging across numerous end-use industries. Plastic in the form of PVC, PE, PP, PET, and others are used broadly in the packaging segment. This material provides a high barrier, cost-effectiveness, temperature resistance, and durable packaging options. The paper-based packaging is a versatile, environment-friendly and cost-effective method to transport, protect and preserve an extensive array of items. Industry News In March 2017, Hotpack Packaging Industries has declared an investment of USD 61 million (GBP 50 million) to set up a facility in the U.K. The facility will be furnished with the latest packaging and manufacturing technologies. This facility will be established as the U.K & European head office and manufacturing facility and will create 250 jobs in the region. Access Full Report With Complete TOC @ https://www.marketresearchfuture.com/reports/service-packaging-market-1677 Table Of Content 1 Executive Summary 2 Scope Of The Report 2.1 Market Definition 2.2 Scope Of The Study 2.2.1 Definition 2.2.2 Research Objective 2.2.3 Assumptions 2.2.4 Limitations 2.3 Research Process 2.3.1 Primary Research 2.3.2 Secondary Research 2.4 Market Size Estimation 2.5 Forecast Model 3 Market Landscape 3.1 Porter’s Five Forces Analysis 3.1.1 Threat Of New Entrants 3.1.2 Bargaining Power Of Buyers 3.1.3 Bargaining Power Of Suppliers 3.1.4 Threat Of Substitutes

3. 3.1.5 Segment Rivalry 3.2 Value Chain/Supply Chain Analysis Continues……. About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Contact Market Research Future Phone: +1646 845 9312 Email: sales@marketresearchfuture.com