Export Packaging Market: An Overview
Export Packaging is the outermost layer in packaging designed to protect the goods during the transport and logistics operation between two different locations. The Export Packaging market growth is attributed during the forecast period due to increase in demand of consumer goods and rise in e-commerce. The Export Packaging market are generally bifurcated into the type of products such as barrels, containers, boxes, cartons, corrugated boxes and IBC out of which corrugated boxes are expected to grow and provides a lucrative market for Export Packaging.
Increase in investment, government aid to industries, and end use industries such as Agriculture, consumer goods, electrical & electronics, food & beverage and industrial chemicals, the Export Packaging market is expected to grow substantially during the forecast period.
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Export Packaging Market: Dynamics
The factors which drive the Export Packaging market are rapid growth in design and innovation in different product portfolio by the globally leading companies, rise in e-commerce and retail business, increase in demand of food, globalization, increase in international trade, rapid growth of industrialization in developing countries and beverage products and variations in environmental conditions while transporting which differs from locations to locations.
The factors which restrain the Export Packaging market are stringent rules and regulations by the governments on the transport and logistics operation of the packaged material and increase in competitiveness.
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Export Packaging Market: Segmentation
The Export Packaging market is segmented on the basis of type of material, type of packaging and end use industries.
The Export Packaging market is segmented on the basis of type of material as
- Paper and Paperboard
The Export Packaging market is segmented on the basis of type of packaging as
- Corrugated boxes
The Export Packaging market is segmented on the basis of end use industries as
- Building and Construction
- Chemicals and Pharmaceuticals
- Food and Beverage
- Oil and Lubricants
- Electricals and Electronics
- Consumer goods
Export Packaging Market: Regional Outlook
On a global scale, the North America is expected to show positive growth in Export Packaging market during the forecast period due to being a primary source of global key players in Export Packaging market. Europe followed by North America is also expected to have a prominent growth in Export Packaging market during the forecast period. Asia Pacific region and especially China, Japan, India and North Korea are expected to grow significantly in terms of value as well as volume in Export Packaging market during the forecast period due to emerging economies, rise in e-commerce and retail business and increase in demand of consumer goods. Latin America and Middle East & Africa are expected to grow at moderate rate in Export Packaging market due to enhancement in packaging business in this particular region.
Export Packaging Market: Key Players
Some of the key players in Export Packaging market are Sonoco Products Company, Greif, Inc., Packaging Corporation of America, ZOTEFOAMS INC Pratt Industries, Inc., Svenska Cellulosa Aktiebolaget SCA (publ), Smurfit Kappa Group, BillerudKorsnas AB, SGS SA, Eltete TPM Ltd., Nefab AB, International Paper Co, BEUMER Group GmbH & Co. KG, Papier-Mettler KG, Deufol SE, Honeycomb Cellpack A/S, Mondi Group PLC, Borealis AG, Dongguan Uni-Packing Heavy-Duty Packing Technology Co., Ltd., Forest Printing & Packing Co., Ltd., DS Smith, Schoeller Allibert, IFCO Systems, Rehrig Pacific Company, Amcor Limited, Grief Inc, WestRock Company, Bemis Company Inc, Orora Limited, Sigma Plastics Group, Tekni-Films Inc., Brambles Limited, Berry Global, Inc, and Myers Industries, Inc.
Export Packaging Market: Impact of COVID-19
The outbreak of COVID-19 pandemic has severely affected developed as well as developing countries. Many countries announced complete lockdown due to which the Export Packaging market is expected to experience all time low growth curve during the course of the pandemic. The governments of many countries has allowed only the transfer of the essential goods which in turn affect the manufacturing, transport and logistics of non-essential goods across the districts, states and countries. Thus, the Export Packaging market is expected to differ from its forecast growth and size of the market but anticipated to grow gradually during the forecast period once the market resumes.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.