The Container And Packaging Market is being driven by The growth of e-commerce
The Container And Packaging Market is expected to grow at a CAGR of 8.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 615.6 million. In the dynamic business landscape of the global container and packaging market, sustainability is a prominent trend. Companies are actively seeking ways to minimize their carbon footprint and reduce waste generation, as growing environmental consciousness and stringent regulations call for eco-friendly practices. To achieve sustainability goals, the container and packaging industry is focusing on several key strategies. One such strategy is the reduction of material waste. This is accomplished through various methods, including lightweighting, downsizing packaging, and incorporating higher proportions of recycled content into packaging materials. By implementing these tactics, businesses can not only contribute to environmental preservation but also cater to the increasing consumer demand for sustainable packaging solutions.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
252 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.3% |
Market growth 2025-2029 |
USD 615.6 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
7.6 |
Key countries |
US, China, Japan, India, Germany, Canada, France, South Korea, Brazil, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Container and Packaging Market encompasses various industries, including transportation of liquid substrates like solvents in Texas via drums, pails, and other plastic-based or metal/glass packaging. The supply chain process involves international trade, sterile bulk shipments, and tracking facilities. Pharmaceuticals and electronic commerce require precise shipment tracking, while industrial plants utilize shipping routes and international borders for import/export of plastic items, influencing shipment quantities. Solvents and other chemicals are transported via containers, ensuring secure and efficient movement.
The Container and Packaging Market encompasses a fragmented industry with intricate supply chain structures. Key players involve raw material suppliers, metal container producers utilizing steel, aluminum, and tin, glass container manufacturers working with borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass, and plastic container manufacturers specializing in high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC). This complex network includes research and development, large-scale manufacturing, and distribution channels, all aimed at delivering containers to end-users. Shipment tracking and logistics, industrial plants, shipping routes, and international borders further add to the intricacy of this market landscape.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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