Research Nester released a report titled “Tamper-Evident Packaging Market – Global Demand Analysis & Opportunity Outlook 2028″ which delivers a detailed overview of the global tamper-evident packaging market in terms of market segmentation by material, by end-user, by product, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.
The global tamper-evident packaging market is segmented by material, by end-user, by product, and by region. The material segment is further sectioned into the following categories: plastics, glass, paper lids, metal, and others. Among material segmentation, the paper lids segment is anticipated to hold the largest share in the global tamper-evident packaging market owing to the rising global acceptance for recyclable products amongst consumers. Additionally, the plastic material segment is anticipated to drive the market growth owing to product durability and lower-cost. On the basis of product segmentation, the film wrappers segment is expected to thrive on the back of the rising use of tamper-evident material for product wrapping across various industries.
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Tamper-evident packaging provides surety to the customer regarding the safety of the product. The global tamper-evident packaging market is anticipated to grow at a significant CAGR during the forecast period, i.e. 2020-2028. Increasing demand for consumer goods and pharmaceuticals globally, higher disposable income, growing population, the rapid expansion of industries and consumer awareness are some of the factors observed to aid the growth of the tamper-evident packaging market.
Based on the regional analysis, the tamper-evident packaging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America region is anticipated to hold the leading share in the tamper-evident packaging market. Increasing disposable income, rising demand for pharmaceuticals and consumer goods, along with raising consumer awareness regarding the safety of the product are some of the factors that are anticipated to provide significant growth in the market share in these regions.
Increasing demand for pharmaceuticals to positively impact the tamper-evident packaging market
The significant shift in consumer’s lifestyle and awareness for healthier life along with the increasing disposable income are some of the factors that are estimated to drive the growth of the pharmaceutical industry at a significant rate over the years. Substantially, the transformation of technology and transformation in the manufacturing processes of medicines and drugs have aided the growth of pharmaceutical companies. The increasing demand for pharmaceuticals globally and the rapid expansion of the pharmaceutical industry are some of the factors that are anticipated to drive the growth of the tamper-evident packaging market at a significant rate during the forecast period.
However, the stringent rules imposed by the FDA on pharmaceutical companies regarding the packaging and testing of medicines is a factor estimated to limit the growth of the global tamper-evident packaging market.
This report also provides the existing competitive scenario of some of the key players of the tamper-evident packaging market which includes company profiling of Enercon Industries Corporation, TRACO, Interpack Ltd.(LON:CRU), DuPont, Schreiner Group, ProAmpac, Placon, Dynacorp, Seal King Europe, and Harcor Security Seals. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global tamper-evident packaging market that will help industry consultants, manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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