Global Micro Packaging Market is set to witness a stable CAGR of 15.97% in the forecast period of 2019- 2026. Growing manufacturing sector is the major factor for the growth of this market.
The Micro Packaging Market size is expected to witness significant gains owing to business expansion and introduction of various technologies in the market. Increasing its usage in Materials & Packaging industries should drive Micro Packaging market size.
Micro packaging is a packaging which is specially designed to enhance the stability and shelf life of the products. These packaging are widely used in industries like food & beverage, personal care & cosmetics and pharmaceutical. These materials have the ability to improve tamper visibility, delay oxidation and control microbial growth. Increasing health concern among consumer is the major factor, these packaging are widely used in food and beverage industry.
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Major Market Players covered in the Market are:
Amcor Limited, AVERY DENNISON CORPORATION., Bayer AG, Tetra Pak International S.A., Alcoa Corporation, Beijing ChamGo Nano-Tech Co.,Ltd, Honeywell International Inc, InMat Inc., PolyOne Corporation, A-ROO COMPANY LLC., Helion Industries, FlexPak Services, LLC., Amerplast, Ultraperf Technologies Inc, Ajover S.A.S, Verdict Media Limited, LC Packaging, Thermo-Pack Kunststoff-Folien GmbH
By Function (Protective Function, Storage Function, Loading and Transport Function, Sales Function, Promotional Function, Service Function, Guarantee Function, Additional Function),
By Types of Packaging (Paper and Board, Corrugated Boxes, Boxboard, Flexible Paper, Glass, Liquid Cartons, Metal Packaging, Cartons, Paper-based Containers, Other Packaging),
By End- Use (Food & Beverage Industry, Personal Care & Cosmetics Industry, Pharmaceutical Industry)
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Based on regions, the Micro Packaging Market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America
Middle East and Africa (GCC Countries and Egypt)
North America (United States, Mexico, and Canada)
South America (Brazil, Argentina etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Growing food and drink industry is driving the growth of this market
- Technological advancement and development is driving the market growth
- High manufacturing cost is restraining the growth of this market
- Less R&D investment is another factor restraining the market
Key Developments in the Market:
- In September 2016, Uflex Limited announced the launch of their ESL Aseptic Flexi-Pouch Machine which is specially designed to extend the shelf life of the product. They are made from seven layer of extruded/blownpolyethylene film so that they can provide the U.V. protection to the product. The main aim is to provide the consumer a packaging that can extend the shelf life of the product like milk.
- In October 2015, ULMA packaging announced the launch of their VTC 740 vertical packaging machine which is specially designed for the packaging of cheese, snacks and confectionary. This new machine has the ability to create 140 packs per minutes. The main aim is to increase the productivity and reduce cleaning time and changing time.
What Information does this report contain?
- Customer behaviour Analysis, Explorable Revenue Sources.
- Customized Geographical Data Based on Customers as well as Competitors.
- Analysis of Micro PackagingMarket Size and CAGR between the Forecast Periods.
- We present data in statistic form that lays out a clear understanding and a better perspective on the market.
- End-users analysis to define Micro Packagingmarket strategy
- Country and regional breakdown by micro and macro economic factors.
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche Micro Packagingindustry developments
- Testimonials to companies in order to fortify their foothold in the market
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