Growing Demand for Convenience and Quality Food Products
The global packaging market is witnessing high demand owing to the rise in manufacturing activities. The market is driven by factors such as strong growth in the demand from end-use sectors such as food & beverage, pharmaceuticals & healthcare, and cosmetics & personal care products. Increasing disposable income of the people in developing countries, increasing preference toward eco-friendly packages, and improved equipment and technologies in the packaging industry are some of the drivers and opportunities that contribute to the growth the above-mentioned packaging trends.
In this report on top packaging trends, the packaging market has been segmented on the basis of technology and type. In the anti-counterfeit packaging market, the pharmaceutical & healthcare segment is projected to be the fastest-growing end-use sector that requires advanced packaging technologies to prevent counterfeiting of medicines and healthcare products. On the basis of technology, the RFID segment is projected to grow at highest rate during the forecast period in the anti-counterfeit packaging market, due to its ability to read and capture information stored on the tag attached to the product.
The major players include Amcor Limited (Australia), E.I. du Pont de Nemours and Company (U.S.), Bemis Company (U.S.), Sonoco Products Company (U.S.), Huhtamaki OYJ (Finland), Linpac Packaging (U.K.), The Dow Chemical Company (U.S.), Avery Dennison (U.S.), Sealed Air Corporation (U.S.), and Coveris Holdings S.A. (U.S.).