According to the latest study, the market for promotional packaging is expected to rise at a CAGR of 6.7% in the forecasted years. The promotional packaging market is categorized by increased consumer preference for innovating and convenient packaging globally. The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Promotional Packaging in the coming 10 years.
The report conducts in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Promotional Packaging
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Promotional Packaging. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Promotional Packaging Market Takeaways and Projections
- The U.S. is expected to lead the North America Promotional Packaging, projecting the fastest growth in the region between 2021 and 2031
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2031.
Report Benefits & Key Questions Answered
- Promotional Packaging Historical Market Analysis: The detailed survey by FMI, examines key factors in the Promotional Packaging that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Promotional Packaging for the forecast period 2021-2031.
- Promotional Packaging Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Promotional Packaging for the assessment period. As per the study, the demand for Promotional Packaging will grow at a robust CAGR between 2021 and 2031.
- Promotional Packaging Market Trend Analysis: The latest study by FMI on the Promotional Packaging offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Promotional Packaging. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
Promotional Packaging: Market Segmentation
Based on Material:
- Paper
- Form
- Plastic
- Glass
- metal
Based on Application:
- Food & Beverages
- Personal care
- Pharmaceuticals
- Electronics
- Automotive
- Others
Based on End-user:
- Hypermarket
- Supermarket
- Departmental stores
- Speciality stores
- Convenience Store
- Others
Based on the Region
- North America
- S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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