Water Resistant Packaging Market Introduction
With rising population across the globe demand for consumers goods are also rising, this is encouraging food & beverages companies to look for and adapt advanced ways to enhance product life and quality and create additional value. They are investing substantial amount on the development of waterproof packaging that ensure food items to be well-preserved till the point of sale. Additionally, water resistant packaging materials can survive extreme environments and maintain freshness and quality of the packed items in hot and cold temperatures. Further, it protects products from oxygen, light, dust, and odors. The durability offered by water resistant packaging materials allows producers to print high-quality custom designs and increase product visibility in the industry. Various benefits offered by such packaging materials are projected to boost the growth of global water resistant packaging market in the near future.
There are multiple alternatives and materials available that can be used to pack food items, medicines, and construction materials; however, moisture or water resistant packaging is becoming the most preferred packaging option to protect the product against environmental damage. This, in turn, is fuelling water resistant packaging market growth across the globe. Further, the availability of recyclable grade moisture resistant packaging solutions such as paper & paperboard material enables end-user companies to reduce overall disposable cost. This is projected to expand the overall water resistant packaging market size during the forecast period. Additionally, the widening application area of water resistant packaging across major industry verticals such as pharmaceuticals and consumer electronics industry is boosting market growth. However, the presence of a large number of small enterprises and manufacturing companies in developing regions using traditional and low-quality packaging materials is expected to hamper water resistant packaging market revenue growth throughout the forecast period.
The global water resistant packaging market is classified based on material type, packaging type, end user, and region. Based on material type the global water resistant market has been segmented into plastic, metal, glass, paper & paperboard, and other materials. By packaging type, the water resistant packaging market has been bifurcated into rigid packaging and flexible packaging. Major end user industries covered in the global water resistant packaging industry are food & beverage, pharmaceuticals, semiconductors, consumer electronics, cosmetics & personal care, agriculture, chemicals, and other end users. The water resistant packaging market takes into consideration major regions such as North America, Asia-Pacific, Latin America, Eastern Europe, Middle East & Africa, and Western Europe.
Water Resistant Packaging Market Competitive Landscape
Major companies operating in the water resistant packaging market are International Paper Company, Moore Packaging Corporation, Smurfit Kappa, Mondi Group, Nichols Paper Products Company, Inc., Georgia-Pacific LLC., Uflex Ltd., Dynapac Co., Ltd., Amcor Limited, and Domtar Corporation. Prominent players are focused towards entering into partnership with other renowned players to develop enhanced packaging solutions to cater various end user industries.
Major Regions/Countries include:
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on water resistant packaging market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.