Report ID: SQMIG15F2163
Report ID:
SQMIG15F2163 |
Region:
Global |
Published Date: March, 2024
Pages:
181
|
Tables:
88 |
Figures:
73
The North America region is expected to dominate the global packaging market during the forecast period owing to the high adoption of flexible packaging solutions by various industries. North America has achieved higher volume due to increased investment in R&D for new product development. On the other handful factors manage higher packaging market share in developed countries development such as the US. and within Canada are stringent regulations established by regulatory agencies for food safety.
Asia Pacific will have the highest growth rate due to increasing manufacturing volumes, growth and expansion of various end-user verticals, rapid technological advancement and increasing disposable income of individuals. Asia Pacific has the largest share of Size in the packaging industry. Then comes North America and then Europe in third place. Asia-Pacific is expected to hold the leading position by 2025. The most important factors for the dominance of this region are the increasing volume of fresh fruits and vegetables produced in this region Countries such as India and China and they contribute greatly to the production of new crops. The demand is also expected to increase further during the forecast period.
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Report ID: SQMIG15F2163