Sellbyville, DE -- (SBWIRE) -- 11/27/2018 -- Global Market Insights, Inc. present the report on Packaging Materials Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.

Packaging Materials Market size will surpass USD 1.3 trillion by 2024. Bags, pouches & wraps is the largest product segment in the packaging materials market as they are used for packaging a wide variety of items including food, detergents, beverages, etc.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2482

Packaging materials market to enter the trillion-dollar business space by 2024, sustainability to emerge as the next go-to industry trend

Developments in the Asia Pacific food & beverage sector will be a major reason behind the growth of packaging materials market growth. The Asia Pacific region includes a large number of emerging economies such as China, India, South Korea, etc. These countries have been witnessing increased consumption of food & beverage products which will in turn drive packaging materials market demand.

In 2016, the Asia Pacific food & beverage industry registered a turnover of exceeding USD 3 trillion and is likely to witness a high growth rate. The three most important food segments that are driving the Asia Pacific food market are grain mill products, meat products, and oils and fats. These developments will boost demand for flexible & rigid plastics, glass, metal, and paper packaging materials demand throughout the forecast span.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Amcor
2. Ball Corporation
3. Crown Holdings
4. International Paper
5. Mondi
6. Owens-Illinois
7. Reynolds Group
8. Sealed Air
9. Stora Enso
10. WestRock
11. Bemis
12. COVERIS
13. Berry Plastics
14. DS Smith
15. Graphic Packaging

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2482

Green packaging trends to extensively drive the profitability landscape of packaging materials market
Speaking of the recent innovation trends in packaging materials industry, it is worthy to mention that Micro-Fibrillated Cellulose (MFC), a unique fiber extracted from plant waste, is being used liberally as a stronger yet lighter sustainable packaging material. It has been reported that adding as minimum as 1% of MFC to an existing substrate improves the packaging performance by 15% to 20%. This material has even proved itself to be stronger & stiffer than glass or carbon fiber. Aqueous barrier coatings, Chill Buddy, Micro-patterned packaging materials, and Molded fiber printing technology are some of the other sustainable packaging materials industry trends to watch out for in the ensuing years.

Unrefutably, these emerging packaging trends though at its embryonic stage are certain to take the industry by storm more sooner than anticipated, courtesy the dynamic competitive landscape of packaging materials market that is faring determinedly along the Asia Pacific belts, Europe, and North America. These regions have become massive investment grounds for the industry players, given the extensive packaged products proliferation.
It is noteworthy to state that apart from core industry participants, several tech giants including Amazon, Dell, REI, Puma, and Colgate-Palmolive are betting big on sustainable packaging by introducing bamboo and other bio-based product categories. Thus, with sustainability credentials rolling ahead in full gusto, global packaging materials market is projected to tread along a lucrative growth path in the years ahead.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/packaging-materials-market

Segmentation:

Packaging materials market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in billion units & revenue in USD billion from 2013 to 2024, for the following segments:

Packaging Materials Market by Material: Paper & cardboard, Rigid plastics, Metal, Flexible plastics, Glass, Wood, Textiles, Others

Packaging Materials Market Material by End-user: Paper & cardboard, Rigid plastics, Metal, Flexible plastics, Glass, Wood, Textiles

Packaging Materials Market by Product: Bottles & cans, Containers & jars, Bags, pouches & wraps, Closures & lids, Boxes & crates, Drums & IBCs, Others

Packaging Materials Market by End-user: Food & beverage, Healthcare, Logistics, Automotive & transportation, General manufacturing, Others

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.