According to the latest market report
published by Transparency Market Research titled ‘Personalized Packaging
Market’: Global Industry Analysis and Forecast 2017-2025’, global personalized packaging market
attained a value worth US$ 25,577.9 Mn in 2017 and will possibly thrive
at a promising CAGR of 5.1% over the forecast period (2017-2025). The
global personalized packaging market has witnessed solid growth during
the past few decades, owing to the increasing trend of luxury packaging.
The increasing customization in packaging across the nations has given a
major boost to the personalized packaging market.
Based on material type, the global
personalized packaging market has been segmented into glass, paper &
paperboard, plastic, and metal. The paper & paperboard segment is
further clqassified as corrugated, carton board, and paper; the plastic
segment is segmented ahead into HDPE, LDPE, LLDPE, PP, PET, and others.
By packaging type, global personalized packaging market is segmented
into bottles, containers & jars, bags & pouches, cartons,
envelopes, and boxes. By end use, only beverages and food segment are
considered, beverages segment is further segmented into alcoholic and
non-alcoholic beverages, food segment is segmented into baby food,
sauces & dressings & condiments, dairy products, bakery &
confectionery, and others sub-segments. Alcoholic beverages are further
categorized into beer, wine and spirits, non-alcoholic beverages are
categorized into soda, juice, milk and bottled water.
Among packaging types, the bottles
segment is expected to dominate the market during the forecast period,
with an estimated market value share of 24.0%, in 2017. However, bags
& pouches segment is expected to be the most attractive segment in
terms of growth rate during the forecast period. Among end-use segments,
beverages segment is expected to dominate the market throughout the
forecast period. Increasing customization in beer glass bottles is
expected to boost the growth in the personalized packaging market.
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Among geographic market segments, the
APAC region is anticipated to lead the global personalized packaging
market, during the forecast period. The market for personalized
packaging in APAC is projected to register the highest CAGR of 7.0%,
during the forecast period, in term of value.
The key players that have been profiled
in Transparency Market Research’s global customized packaging market
report include Owens Illinois Inc., Salazar Packaging, Inc., Design
Packaging, Inc., PrimeLine Packaging, International Packaging Inc.,
Elegant Packaging, Pak Factory Inc., ABOX Packaging, ACG Ecopak, CB
Group, SoOPAK Company, Huhtamaki Oyj, The Mondi Group plc., Smurfit
Kappa Group, Glenroy Inc. and ProAmpac LLC.
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