Global Sustainable Packaging Market to Expand as Environment Conservation becomes a Priority

The demand within the global market for sustainable packaging has been rising on account of advancements in the field of recycling and material reuse. Sustainable packaging involves the use of packaging materials that can be easily recycled and reused, and cause minimal damage to the environment. This in turn results in improved sustainability of the packaging materials, and contributed towards environment conservation. Sustainable packaging also involves life cycle assessment and life cycle inventory mechanisms in order to manufacture environment friendly packaging materials. Furthermore, the easy availability of sustainable packaging materials is also a key consideration for market growth. It is prognosticated that the global market for sustainable packaging would expand at a stellar rate in the years to come. 

Government Regulations to Propel Demand

The global market for sustainable packaging is projected to expand at a stellar rate in the years to come. This essentially owes to the stipulation of strict laws with regard to goods packaging by the government. Moreover, companies and organisations, in their quest to heed to their corporate social responsibility, are using sustainable packaging. Hence, the cumulative demand within the global market for sustainable packaging is projected to increase at a stellar rate in the years to come. 

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Growth of the Northern American Market

The market for sustainable packaging in North America is growing at a stellar rate due to advancements in the field of environmental sustainability. Several public and private sector initiatives have been taken to ensure a more pleasant and waste-free environment. This factor has played a pivotal role in enchanting the growth prospects of the regional market.

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Global Packaging Machinery Market to Expand as the Product Portfolio of Several Industries Widens

The demand within the global market for packaging machinery has been rising on account of advancements in the packaging industry. The need for proper packaging of goods has become a priority across a plethora of industries. This factor needs to be considered while gauging the growth dynamics of the global market for packaging machinery. Packaging machinery help in reducing manual labour and deploy automated machines to pack goods and products. This results in reduced cumulative cost of packaging for goods. Therefore, the global market for packaging machinery is projected to expand at a stellar rate in the years to follow. 

Need for Improved Logistics within the Packaging Industry

The rising volume of products that are packaged on a daily basis across several industries has propelled demand within the global packaging machinery market. The need to decrease time of packaging and increase the effectiveness of the packaging materials has given a boost to the growth of the global market. Furthermore, packaging done via machinery is more reliable and resilient as against manual packaging. This factor has also played a major role in the growth of the global packaging machinery market in recent times. 

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North America Leads Regional Segments

The market for packaging machinery in North America has been expanding at a stellar pace over the past decade. This majorly owes to the seriousness shown by manufacturers towards safe and sound of products. Moreover, government rules with regards to the packaging of toxic substances in the US has also propelled regional market demand.

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Global Active, Intelligent, and Smart Packaging Market to Expand as Fragile and Food Products gain Popularity

The demand within the global market for active, intelligent, and smart packaging has been rising on account of advancements in the overall packaging industry. The product portfolio of several industries and sectors has increased over the past decade, and this has necessitated the need for better packaging. Moreover, a number of fragile goods have been introduced by several vendors in the antiques industry. This factor has given an impetus to the growth of the global market for active, intelligent, and smart packaging. The use of strong, durable, recyclable, and shock-resistant packaging materials is the essence of active, intelligent, and smart packaging. The relevance of such materials for packaging has played a key role in market growth. 

Growth of the Food Industry 

Food packaging has become the most important dimension of the packaging sector, and has given an impetus to the growth of the global active, intelligent, and smart packaging market. The growing concerns with regard to the disposal of food wrappers, boxes, and plastic cups has led to the popularity of active, intelligent, and smart packaging. Moreover, the use of active, intelligent, and smart packaging in the e-commerce industry has also played a key role in the growth of the global market. Fragile products such as glassware and crockery are packaged with active, intelligent, and smart packaging materials. 

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Growth of the North America Market

The market for active, intelligent, and smart packaging in North America has been rising at a stellar rate in recent times. This owes to the presence of a stellar food and beverages industry in the US and Canada.

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Bulb Packaging Market is Rising Due to Rapid Growth of Urbanization and Soaring Population

Packaging plays an indispensable role in protection of products across various industries in the overall shelving and supply chain processes. Electronic products, for example – light bulbs, are delicate in nature and need specific packaging for ensuring damage protection from shocks and stress. Bulb packaging is not only known for protecting light bulbs against physical damages, but also in providing information about products and manufacturing companies to customers. Packaging of light bulbs offers information including lumen intensity, power demand, efficiency class, energy class, and average lifespan in hours.

Damage resistant packaging lowers chances of damages to bulbs, improving fill rate of suppliers.  When lying on shelf, or during a transit, light bulbs are likely to lose their functionality. This is making manufacturers to supply bulb packaging which are sturdy, damage resistant, and have high-grade qualities.

Growth of the global light bulb packaging market is primarily attributed to installation capacity around the globe pertaining to lighting requirements. Light bulbs installed are needed to be changed post-completion of their lifespan, which is driving demand for light bulb packaging globally. While incandescent bulbs are witnessing a robust decline in adoption, CFL and LED light bulbs hold major shares of the global bulb packaging market.

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Rapid growth of urbanization and soaring population, particularly across APEJ countries, are factors estimated to propel demand for lighting products, thereby fostering growth of the global bulb packaging market. Demand for LED bulbs is witnessing a rise owing to its performance with high efficiency. LED bulbs will account for half of the global demand for light bulbs during the forecast period.

This will further drive growth of the market. Shifting consumer preferences towards e-retail has transformed packaging to become more prominent than before. E-retail is estimated to register an impressive growth in the near future, affecting the market for light bulb packaging. This is further expected to drive demand for light bulbs, and thereby its packaging globally.

Requirement for protection of light bulbs against physical damages at the time of transit have paved opportunities for innovation in light bulb packaging. Plastic is a preferred material for light bulb packaging, owing to its high insulation properties.

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However stringent rules imposed by regulatory authorities on utilization of plastic is likely to inhibit growth of the market. Increasing usage of eco-friendly materials for production of folding cartons and paperboard offers more opportunities to growth of the global bulb packaging market. Moreover, sustainable and reusable packaging techniques are likely to further influence growth of the market during the forecast period.

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Virgin Paper Packaging Market is Growing Due to Preference for High Quality Packaging Products

The rise of recycled paper has largely been borne out of the globally increasing concern over the increasing rates of deforestation needed to produce enough paper for the world’s needs. Recycling of paper is also the prime reason for the steady drop in the overall demand for virgin paper, or paper that has been directly manufactured from trees and primary raw materials and has not involved the use of recycled paper. This is mostly regular paper made from freshly cut trees, commonly renamed as virgin paper. It should also be noted that the processing and manufacturing cost of virgin paper can be greater than that of recycled paper over time.

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However, at the moment, due to the relative size of both markets and therefore the overall availability of high manufacturing capacities, virgin paper or regular paper is cheaper than recycled paper. In the coming years, however, the cost of each is expected to shift adversely due to the overall savings in critical resources that can be brought about by using recycled paper.

The current quality of virgin paper is also better than most types of recycled papers. Over time, this is expected to change due to increasing developments in manufacturing of quality recycled papers. At the same time, virgin papers are valuable in a large number of fields in packaging and personal hygiene, creating a greater focus on these areas by manufacturers of virgin paper.

The paper packaging industry has witnessed a significant growth over the past decade owing to the preference for high quality packaging products and growing awareness about eco-friendly packaging materials that act as a substitute for plastics. High-quality packaging products such as the virgin paper packaging allows highlighting the brand value of products through visually appealing qualities.

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The virgin paper is a high-quality packaging material in terms of strength, printability, brightness and opacity. Virgin paper is manufactured without any mixture of recycled content primarily from the pulp of pine, spruce or fir. The global paper stream has to be replenished with the new pulp for manufacturing paper packaging products at regular interval or through recycling of the paper in order to sustain market supply.

Consumption of high quality packaging paper for branded products is adding to the demand for the virgin paper packaging products. One of the factor fueling the growth of the virgin paper packaging market is the increase in per capita disposable income in emerging markets and the growing number of organized retailers promoting the utilization of kraft paper bags.

Variation of the product like bed rolls are used in hospitals for maintaining hygienic conditions which also lowers the cost of laundry. Another factor for the growth of virgin paper packaging market is its lightweight property which allows the product to be efficiently transported. Customized packaging for different brands is now the key interest of the customers in the virgin paper packaging market. However, the rapidly increasing cost of the raw material is acting as a restrain for the virgin paper packaging market.

Virgin paper packaging products are substituted by preference for packaging products made of cheaper plastics that allow wider variations in terms of packaging product design. Moreover, the customers adopting to flexible packaging formats can pose as a barrier to the virgin paper packaging market as virgin paper lacks in flexible properties.

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Emerging Trends in Digital Printing Packaging Market – Growth and Forecast by 2024

In the next decade, packaging industry will experience a significant revolution owing to the increasing applications of digital printing. Digital printing is one of the prominent printing technology for packaging and labels, that has been recognized among brand owners who prefer quick-turnaround capability which digital printing offers. Moreover, digitally printed packages improves workflow, enables innovative marketing, and helps in quicker marketing. 

Recent advancements in the digital printing approaches for digital carton creasing, carton cutting and other finishing technologies has widened the application in corrugated packaging, flexible packaging and folding cartons.

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Digital printing is transforming packaging by providing custom variations that give products on-shelf distinctions. Packaging substrates such as cartons, labels and corrugated boxes have provided the eye-catching commercialization to draw positive impact on consumers. One of the ongoing trend in the digital printing packaging market are custom caps which opens up colorful choices for brand owners, which in turn making a positive impact with the consumers.

The global digital printing packaging market is expected to witness high CAGR over the forecast period owing to the increasing demand for different consumer products with requirement of effective and low cost printing technology coupled with aesthetic visual graphics. Further, increasing demand for flexible packaging coupled with growing demand for sustainable printing has driven the global digital printing packaging market. Despite the growth in the demand for digital printing packaging market, the factors like fluctuations in raw material prices, high manufacturing cost can sometimes act as restraints in the digital printing packaging market.

The global digital printing packaging market is segmented into five key regions namely North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific is expected to remain the biggest market with the expected market share of about 45% in 2020 as compared to around 40% in 2016 in the digital printing packaging market. Further, Europe is also expected to contribute significantly to the global digital printing packaging market between 2016 and 2024, primarily due to due to major demand from food & beverage industry. North America, Latin America and Middle East & Africa are expected to witness steady growth over the forecast period. In Latin America, Brazil, Argentina and Mexico are expected to create market opportunities for companies involved in digital printing packaging market.

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Big E-commerce Companies Play a Vital Role in Fuelling the Demand for Gift Packaging Market

Over the past decades, the global gift industry witnessed an impressive growth, owing to the expanded customer base along with increasing applications of innovative products at attractive prices. The gift market comprises of corporate gifting as well as personal gifting. Moreover, the gift packaging market experienced a revolution with new product innovations in the food as well as in the non-food segment accompanied by eye-catching packaging. Nowadays non-food gifting are not only restricted to small electronic items, bed sheets but also include gift vouchers, soft toys, artworks, artificial jewelries and many more.

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At the same time, various product types like cookies, fruit baskets, wine hampers, different types of cheese which comes under the categorization of food gifting for occasions like festivals, birthdays, etc. are also in the trend. The changing lifestyle together with customer’s ability and willingness to pay for innovative products drove this change in the gift packaging market.

Nowadays, wrapping paper are in demand for gifts packaging. Some of the conventional examples of wrapping paper are recycled newspaper, reusable gift wrap, decorative lunch bags, gift box, decorative shopping bags and many more. The new alternatives for gift wrapping are also being introduced, for example, using a decorative handkerchief which also has other application can further fuel the growth in demand for gift packaging market. The gift market is expected to expand with a healthy growth rate of over 10% which in turns growth of the gift packaging market in the near future.

The growing e-commerce in the gifting space is one of the major factor which is expected to drive the demand for the gift packaging market. Big e-commerce companies such as Snapdeal and Amazon play a vital role in fuelling the demand for gift packaging market. Further, increase in per capita income, increasing exposure to global trends is offering impetus to the growth of overall gift industry which in turn is escalating the gift packaging market across the globe. Personal gifting in number of occasions like birthdays, anniversaries, father’s day, and Mother’s day is on the rise as the consumers, want uniqueness, different styles and personalization in their gift items, to match their status.

In past years, food gifting was limited to the conventional sweets only, but nowadays customers are moving towards consistent quality products with a good taste in attractive packaging, which is a result of growing incidence of adulteration in conventional sweets.

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