Global Micro Packaging Market 2022-2026
Technavio has been monitoring the micro packaging market and it is poised to grow by $ 1.35 bn during 2022-2026, decelerating at a CAGR of 16.81% during the forecast period. Our report on the micro packaging market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing usage in the pharmaceutical industry, growing demand for sustainable packaging, and demand for micro-perforated food packaging for perishable food products. In addition, increasing usage in the pharmaceutical industry is anticipated to boost the growth of the market as well.
The micro packaging market analysis includes the end-user segment and geographic landscape.
Technavio's micro packaging market is segmented as below:
By End-user
- Food and beverage
- Pharmaceuticals
- Personal care
- Others
By Geographical Landscape
- North America
- APAC
- Europe
- South America
This study identifies the usage of renewable fibers and bio-based materials for packaging as one of the prime reasons driving the micro packaging market growth during the next few years. Also, emergence of new drug delivery system and innovation in raw materials in new packaging formats will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on micro packaging market covers the following areas:
- Micro packaging market sizing
- Micro packaging market forecast
- Micro packaging market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading micro packaging market vendors that include Aera SA, Amcor Plc, Amerplast Ltd., A-ROO Co. LLC, Avery Dennison Corp., Avient Corp., Bayer AG, Berry Global Inc., Bollore Inc., Chengde Technology Co. Ltd., FlexPak Services, Graham Packaging Co., Honeywell International Inc., Mondi Group, ProAmpac Intermediate Inc., TCL Packaging, Tetra Laval International SA, Thermo Fisher Scientific Inc., UFlex Ltd., and Ultraperf Technologies Inc. Also, the micro packaging market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.