Global Secondary Packaging Market 2017-2021
About Secondary Packaging
Secondary packaging is the packaging around the primary packaging. Secondary packaging is used to hold or group various pre-packed products together. The secondary packaging is not in direct contact with the product. However, the purpose of secondary packaging is to protect the primary packaging. The secondary packaging is visible to consumers. The box over a toothpaste tube is the secondary packaging.
Technavio’s analysts forecast the global secondary packaging market to grow at a CAGR of 5.43% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global secondary packaging market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of secondary packaging to different end-users, which include food and beverages, electronic, personal and household care, and other industries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Secondary Packaging Market 2017-2021
Technavio recognizes the following companies as the key players in the global secondary packaging market: Amcor, International Paper Company, Reynolds Holding Group, Stora Enso, and WestRock.
Other Prominent Vendors in the market are: Ball Corporation, Berry Plastics, Crown Holdings, Deufol, Molins, Mondi, Owens-Illinois, RPC, Sealed Air, and Smurfit Kappa Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing number of automation for secondary packaging. Companies have predefined 3–4 fixed standard secondary packaging dimensions in which they can fit their primary products of different shapes and sizes. Many times, it so happens that because of the predefined shapes and sizes of the secondary packaging, there is space left for more products.”
According to the report, one driver in the market is increase in sales of packaged food product. The primary packaging of food items is flexible, and food items are fragile by nature. Therefore, they require additional secure packaging to stay undamaged during their transit. This additional protection is obtained from the secondary packaging. The use of regular slotted carton (RSC) is extensive in the food industry. It is noted that many other industries are trying to reduce the use of corrugated boxes or RSC. However, the need for RSC and corrugated boxes is increasing the food industry.
Further, the report states that one challenge in the market is augmented price of papers. Secondary packaging materials largely consist of cardboard boxes, cartoon boxes, or corrugated boxes, which are generally made from papers. The prices of papers are set to rise in the range of one-fifth to one-tenth of their original price, approximately, in 2017. This rise in the price of the paper may have a ripple effect in the packaging industry. This is because most of the secondary packaging materials are made of paper. It is expected that the prices of corrugated boxes are set to increase in the range of 2%–5% annualized rate through 2017.
Amcor, International Paper Company, Reynolds Holding Group, Stora Enso, WestRock, Ball Corporation, Berry Plastics, Crown Holdings, Deufol, Molins, Mondi, Owens-Illinois, RPC, Sealed Air, and Smurfit Kappa Group
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