Packaging has become a vital constituent of modern life due to the ease of transportation, storage and inclination of the consumer towards a wide usage of bags. Moreover goods such as stationery items,+ health supplements and electronic components are some of the things that have witnessed improvements in terms of demand over the last few years and are more easily available due to an effective packaging solution. Carded packaging is a type of packaging that does consists of a stiff paperboard card onto which a product is held and packed with a pre-formed plastic blister fixed to the paperboard. This blister cards are usually covered with a special coating that allows the blister to be heat-sealed to the card. Carded Packaging has contributed significantly towards packaging solution of former mentioned goods. Carded packaging minimizes the amount of material used creating a package and at same time enhances the aesthetic look for such packaging. In addition to being lighter in weight, further carded Packaging results in the least amount of plastic or PVC waste after. With strong demand for various goods and corresponding effort by manufacturers for innovative and look good packaging strategy will further boost the carded packaging. Over the forecast period considering factors such as market demand of goods etc. it can be anticipated that carded packaging will register a healthy CAGR.
Carded Packaging Market: Drivers & Restraints
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The growth of global carded packaging market is driven by the demand for innovative packaging techniques, changing preferences, improved standard of living is expected to boost the demand for carded packaging further. Characteristics such as longer shelf life and easily detectable tampering and other various advantage over rigid packaging are some of the key factors which will trigger the demand for such packaging market. Moreover, growth will be driven by the ongoing investment by various companies in various advanced materials for enhancing packaging solutions. Latest trends exhibits that carded packaging will not be restricted only to usable items, it is now being used also for packaging of various eatable and consumable items. Also, product differentiation as well as product convenience will further boost the carded packaging market. Apart from above mentioned factors, rising investment in retail sectors and establishment of modern retail store format will further fuel the demand of Carded packaging market.
Carded packaging market has been gaining pace owing to shift in consumer behavior as well as awareness about the advantage associated with such packaging. There is no such possible restraint for carded packaging market but however carded packaging can only be utilized mostly for packaging of goods and items of small quantity and can’t be used for packing of liquid commodities.
Global Carded Packaging Market: Segmentation
The global carded packaging market is segmented on the basis of carded packaging types, applications and region
On the basis of Carded Packaging types, the global Carded Packaging market is segmented into:
On the basis of applications, the global Carded Packaging market is segmented into:
- Candy, Confectionery and Snacks
- Toys, Games and Consumer Goods
Carded Packaging Market: Regional Outlook
Based on the geographies, global Carded Packaging market is segmented into five key regions — North America, Latin America, Western Europe, Eastern Europe, APEJ, and Middle East & Africa, Japan. Among the aforementioned regions, North America accounts for significant share for Carded Packaging market, owing to the demand for innovated packaging materials for goods from different segment such as toys, pharmaceuticals etc. Furthermore, North America packaging industry’s position in the global packaging market is bolstering growth for Carded Packaging in the region. Moreover the large chain of various industries such as hardware tools, pharmaceuticals etc. and various other FMCG industry in country such as in U.S. & Canada in North America is acting as catalyst for the growth of Carded Packaging market in North America. Western Europe market for Carded Packaging is next to that of North America for similar trends, which is followed by APEJ and Middle East & Africa for Carded Packaging market. Latin America market for Carded Packaging market is anticipated to register a sluggish growth over the forecast period. Overall, the global Carded Packaging market is anticipated to register a healthy growth rate by the end of forecast period.
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Global Carded Packaging Market: Key Players
Some of the major players identified in the global Carded Packaging market include;-
- Amcor Flexibles
- Ampac Packaging LLC (U.S.)
- Honeywell International Incorporated (U.S.)
- Oracle Packaging (U.S.)
- Graphic Packaging Holding Company (U.S.)
- Bemis Company, Inc (U.S.)
- Sonoco Products Company (U.S.
- Constantia Flexibles International GmbH (Austria)
- Bischof + Klein SE & Co. KG(Germany)
This post was originally published on Analytics News