Global Micro Packaging Market

Micro Packaging Market Size, Share, Growth Analysis, By Material (Plastic, Metal), By Packaging Type (Boxes & Cartons, Bottles), By Application (Food & Beverage, Pharmaceutical), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15G2066 | Region: Global | Published Date: November, 2024
Pages: 157 | Tables: 72 | Figures: 64

Micro Packaging Market Dynamics

Micro Packaging Market Driver

  • The food and beverage industry has great potential and growth opportunity for micro-packaging technology. Rapidly growing demand for sustainable production, increased competition and improved health Concerns have driven the food and beverage industry to the path of innovation.
  • Micro-packaging, using nanomaterials in food, has potential benefits such as improved bioavailability, antimicrobial effects, enhanced sensory acceptance and targeted delivery of bioactive compounds.
  • Food & The Beverage Industry Will See Major Advances In The Packaging Industry With The Launch Of Micro Packaging. The food and beverage industry has high potential and growth opportunities for micro-packaging technology. Rapidly growing demand for sustainable manufacturing, increased competition and growing health concerns have driven the food and beverage industry forward.

Micro Packaging Market Restraint

  • Uneven recovery in different end markets and geographies is a key challenge in understanding and analyzing the Global Micro Packaging Market landscape.
  • Despite providing a positive potential, the micro packaging business faces a number of obstacles that could slow its expansion throughout the anticipated time period. The acceptance of micro packaging has been slow throughout the years, especially in the area of food packaging, as it requires the use of technologically advanced packaging processes. Micro packaging is expensive up front, which deters manufacturers with tight budgets from starting a business from a manufacturing (packaging) perspective.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Micro Packaging Market size was valued at USD 5.4 billion in 2022 and is poised to grow from USD 6.4 billion in 2023 to USD 21.1 billion by 2031, growing at a CAGR of 16.1% during the forecast period (2024-2031).

The Global Micro Packaging Market is in between of consolidated and fragmented market. And moving towards the fragmented market as the key players are now focusing to move towards nano packaging. Also, various new innovations in technologies, new merger and acquisition and partnerships led to a competitive market. Ley players in the market are Amcor (Australia), Ball Corporation (US), Bizongo (India), International Paper (US), Tetra Pak (Switzerland), Berry Global Inc. (US), DS Smith Plc (UK), Mondi Group (Austria), Macfarlane Group Plc (UK) and Smurfit Kappa (Ireland) operating in the packaging market have adopted short, mid, and long-term growth strategies such as donations, increased production, partnerships, and others to serve their customers efficiently and improve their future market shares. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. 'Amcor Plc', 'Bemis Company, Inc.', 'Honeywell International Inc.', 'InMat Inc.', 'ColorMatrix Corporation', 'Beijing ChamGo Nano-Tech Co. Ltd.', 'Bolloré Group', 'Robert Bosch GmbH', 'Körber AG', 'Coesia S.p.A.', 'Syntegon Technology GmbH', 'Alcoa Inc.', 'Amerplast Ltd.', 'Essentra Plc', 'Tetra Pak International S.A.', 'Smurfit Kappa Group', 'Sealed Air Corporation', 'NanoPack Project partners (EU initiative)', 'SIG Combibloc Group', 'Stora Enso Oyj'

The food and beverage industry has great potential and growth opportunity for micro-packaging technology. Rapidly growing demand for sustainable production, increased competition and improved health Concerns have driven the food and beverage industry to the path of innovation.

The food packaging industry, the prospects of nanotechnology are actively explored, including active packaging. The transformation of active compounds from the micro scale to the nano scale thus offers a new opportunity. Silver nanoparticles are among the most explored nanoparticles, because to their established antimicrobial potential against multiple commensal and pathogenic strains. In response to the vital changes in today's consumer demand, the field of active packaging (AP) is becoming increasingly important in food packaging.

Asia Pacific is projected to be the largest packaging market during the forecast period, fueled by the easy availability of packaging raw materials such as plastic, fiber, and glass and the presence of manufacturing facilities of most of the packaging companies. North America is expected to suffer the most during the pandemic, with non-operational plants and factories and the rising number of cases each day. The severity of the disease would lead to a low growth rate for 2019-21 for the packaging market.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Micro Packaging Market

Report ID: SQMIG15G2066

$5,300
BUY NOW GET FREE SAMPLE