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Primary Packaging Market: Overview

Primary packaging is the layer of packaging which is in immediate contact with the product or it is the first packaging layer in which the product is enclosed. Primary packaging has diverse range of applications and functions, depending on the type product, mode of transport and storage facilities. The most important function of primary packaging is to protect and preserve the product from external damage, contamination and spoiling. Primary packaging also serves the purpose of keeping the product in storage, often for a long period of time. In such cases of long duration storage, it is essential that the primary packaging keeps the product entirely sealed off from the environment.

Shelving and ease of handling is an additional aspect of primary packaging so as to make sure that the product can be easily handled by the consumers. The important types of primary packaging typically include clamshell packaging, blister packs, paperboard packaging, unit dose packs and shrink-wrapping. The rising demand for primary packaging application products from the industries such as food and beverages, pharmaceutical, personal care and household care is expected to drive the global primary packaging market in the next few years.

Primary Packaging Market: Region-wise Outlook

Asia Pacific is anticipated to register the fastest growth in the global market for primary packaging through the report’s forecast period. The most significant factor responsible for this is the continually increasing demand for packaging application products, especially the primary packaging application products in developing Asian countries such as China, Indonesia, India, Thailand, and Malaysia.

Also, the countries such as Brazil, South Africa, Argentina, Egypt, Saudi Arabia, and Israel are showing brisk growth in the packaging market since the last few years. The steadily rising demand for consumer goods worldwide, especially in countries that are now tasting economic success, is poised to help the primary packaging industry perform better in the coming years. In addition, the U.S. and European nations are steadily coming out of the economic crisis. All these factors are ultimately generating a fairly positive outlook for the market as a whole.

Considering this outlook, the industries such food and beverages, pharmaceutical, personal care and household care are expected to record an astonishing growth in the next few years.  Owing to this, the industries such as primary packaging, secondary packaging and tertiary packaging are anticipated to record an astounding growth in the next few years. Moreover, there is a remarkable market potential for food and beverages and pharmaceutical industries in the rapidly developing nations such as China, India and Brazil.

The increasing demand for primary packaging in industries such pharmaceutical, food and beverages, personal care and household care across different regions worldwide, especially so in the developing nations, is expected to drive the global primary packaging market in the next six years.

Primary Packaging Market: Competitive Dynamics

The major players actively participating in the primary packaging market are largely focusing on the emergent economies for tapping their gigantic market potential. These companies are installing high-capacity production facilities in the developing nations to fulfill the rapidly rising demand for primary packaging from different end-user industries. Therefore, the global primary packaging market is expected to experience a remarkable growth in the next six years.

Among the major players in the global primary packaging market are Albea Group, Amcor Ltd., Ardagh Group, Capsugel Inc., Bemis Company, Inc, Clondalkin Group Holdings B.V., Bormioli Rocco Spa, West Pharmaceutical Services, Inc., Datwyler Holding Inc., Gerresheimer AG, Heinz-Glas GmbH, Wihuri Group, Becton, Dickinson & Company, Hindustan National Glass & Industries Ltd., ITC, Koa Glass Co. Ltd., MeadWestvaco Corp., Schott AG, Mondi plc, Intrapac Group, Rexam PLC, Saint-Gobain, Sonoco Products Company, Ampac Holding, CCL Industries Inc., Bischof + Klein GMBH & CO.KG, Steripack Limited, Vitro, S.A.B. De C.V., Global Closure Systems Ltd., Klockner Pentaplast Group, Constantia Flexibles International GmbH, Flextrus AB, RPC Group PLC, Huhtamaki Oyj, Sealed Air Corporation, Ukrplastic, Wipak Group, Rexam PLC, Schott AG, MeadWestvaco Corporation, West Pharmaceutical Services, Catalent Pharma Solutions, Aptargroup, Inc. and Nypro Inc.

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
  • Europe
  • 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.

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Primary Packaging Market

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