COVID-19 Impact on Packaging - Global Market Outlook (2019 -2027)

COVID-19 Impact on Packaging - Global Market Outlook (2019 -2027)

According to Stratistics MRC, the Global COVID-19 Impact on Packaging Market is accounted for $926.43 billion in 2019 and is expected to reach $1,652.28 billion by 2027 growing at a CAGR of 7.5% during the forecast period. While the factors like rising e-commerce sales and growing demand for FMCG and pharmaceutical packaging are propelling the market growth. However, the non-availability of raw materials is hampering the market growth.

There are both advantages and disadvantages in packaging industry due to COVID–19. But the packaging sectors around the world have more significant benefits than other industries that are affected by the Corona Virus pandemic. As many countries are under shut down due to this deadly virus, stock up on necessary supplies such as medicines, dairy products, food, sanitizers, face masks, disinfectants, and many more has been in high demand. All these products require packing, and their production has been higher than ever before. The consumers and customers around the world prefer packed products rather than initially available and sold lose products such as fruits, vegetables, etc.

Based on the material type, the plastics/polymers segment is estimated to have a lucrative growth due to it is very necessary to feed and help our nation as well to manage waste. The COVID-19 crisis has shown that, since the demand from many end-use industries is growing mainly in the food & beverage segment, the use of plastic packaging will also see a significant rise during this crisis. By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to the easy accessibility of packaging raw materials such as fiber, plastic, and glass and the occurrence of manufacturing facilities of most of the packaging companies.

Some of the key players profiled in the COVID-19 Impact on Packaging Market include Amcor Plc, Constantia Flexibles Group GmbH, Cosmo Films Ltd, Essel Propack Ltd, Jindal Poly Films Ltd, Oji India Packaging Pvt. Ltd, Tetra Laval International SA, TPCL Packaging Ltd, UFlex Ltd, and Uma Group.

Products Covered:
• Flexible Packaging
• Rigid Packaging

Material Types Covered:
• Glass
• Metal
• Paper & Paperboard
• Plastics/Polymers

Applications Covered:
• Beauty & Personal Care
• Electrical & Electronics
• Food & Beverages
• Healthcare
• Household Hygiene

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances