Stock Clamshell Packaging Market
Stock Clamshell Packaging Market (Material Type- Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), Poly Vinyl Chloride (PVC), Molded Fiber; Product Type- Quad-fold, Trifold, Other Product Type; Application- Food, Pharmaceuticals, Veterinary & Nutraceticals, Medical Devices, Industrial Goods, Consumers Goods, Electrical & Electronics Goods) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026
Press Release :
Rigid packaging is used for wide variety of applications such as healthcare, food industry and other consumer goods. Stock clamshell packaging is a type of rigid packaging made using paperboard or plastic and is usually injection or thermoformed molded. Many industries rely on stock clamshell packaging as it offers better safety to the product. Manufacturers are offering both custom and stock clamshell packaging. However, the stock clamshell packaging is considered to be cheaper than custom clamshell packaging. Hence, stock clamshell packaging is witnessing increasing demand from small companies. However, four primary factors impacting the cost of stock clamshell packaging are size, shape, volume, and material.
Manufacturers of clamshell packaging have also started using advanced tools, machines, and equipment to introduce new packaging concept and reduce product development time. The food industry is also using clamshell packaging on a large scale as it seals product from airborne contaminants, leading to the freshness and safety.
According to the report by Transparency Market Research (TMR), the global market for stock clamshell packaging is likely to experience strong growth. The market is projected to increase to 6.3% CAGR between the forecast period from 2017 and 2026. The global market for stock clamshell packaging is also projected to reach US$ 7,316.5 million revenue by 2026 end.
Polyethylene (PE) to Emerge as the Highly Preferred Material in the Global Market for Stock Clamshell Packaging
Polyethylene (PE) is likely to be one of the highly preferred materials in the stock clamshell packaging. By the end of 2026, polyethylene (PE) is projected to bring in close to US$ 3,400 million revenue. Polyethylene (PE) material is being used widely across various industries as it gives product an eye-catching display. It also protects product from damage and temperature changes during storage and transportation.
Quad-fold to Emerge as the Top-Selling Product between 2017 and 2026
Quad-fold is likely to emerge as one of the top-selling products in the global market for stock clamshell packaging between 2017 and 2026. Quad-fold clamshell packaging is projected to surpass US$ 3,500 million revenue towards the end of 2026. Quad-fold clamshell packaging serves as a standalone package, offering better protection to the product. Although quad-fold clamshell packaging uses more material, it is considered to be the most flexible choice. Meanwhile, tri-fold clamshell packaging offers steady platform for heavy and unstable product. Tri-fold clamshell is expensive than other types of clamshell and also have higher tooling costs.
Stock Clamshell Packaging to Find Largest Application in Pharmaceuticals
Compared to other industries, stock clamshell packaging is likely to be used on a large scale in pharmaceuticals. By the end of 2026, pharmaceuticals is projected to reach close to US$ 1,700 million revenue. Most of the key pharmaceutical companies are using stock clamshell packaging, especially for temperature-specific medication. Moreover, pharmaceutical packaging market is constantly advancing, hence, offering an opportunity for packaging industry to come up with innovative package design and material for pharmaceutical packaging.
APEJ to Remain Dominant in the Global Market for Stock Clamshell Packaging through 2026
Asia Pacific Excluding Japan (APEJ) is likely to witness the highest growth between 2017 and 2026. The emergence of packaging companies in India and China due to the low manufacturing cost is anticipated to result in the significant growth of stock clamshell packaging market in APEJ region. Meanwhile, North America is also likely to witness growth owing to the presence of leading packaging companies and increasing demand for stock clamshell packaging by various industries.
Prominent market players active in the global market for stock clamshell packaging are Dow Chemicals, Amcor Limited, Bemis Company, Sonoco Products Company, WestRock Company, Constantia Flexibles, E.I. du Pont de Nemours and Company, VisiPak Inc., Klockner Pentaplast Group, and Honeywell International.
Global Stock Clamshell Packaging Market- Overview
Stock clamshell packaging ensures product safety, especially during transportation and storage. It falls into the rigid packaging category. Stock clamshell packaging is made of plastic or paperboard. This type of packaging is being used on a large scale in packaging consumer goods and electronics to prevent it from damage. Clamshell packaging is also popular in food industry. Stock clamshell packaging is likely to experience significant growth in the near future due to the increasing demand from small and big companies.
With the growing demand, manufacturers of small clamshell packaging are also focusing on introducing new material solution to provide better protection and avoid any harmful chemical reaction. Aside from protecting the product, clamshell packaging is also preferred by companies as it stands out in the shelf and is appealing to the customers. Innovative design features are also being introduce as per product requirement.
Global Stock Clamshell Packaging Market- Research Methodology
The report on the global stock clamshell packaging market has used both top-down and bottom-up approaches in order to estimate the size of the global market as well as submarkets. The report provides key insights and forecast on various segments and regions in the market. Market dynamics are also given in the report such as driving factors, market trends, opportunities, and challenges. The research study comprises primary and secondary research to identify opportunities in the market and collect information on all the major factors in the stock clamshell packaging market. As the part of primary research, interviews were conducted with the market players and opinions offered by the respondents were crosschecked with various data sources. On the other hand, secondary research included study of annual reports and financial reports of various market players to provide in-depth information on the current scenario in the market.
Porter’s five force analysis, SWOT analysis and market attractiveness analysis was also done to provide a clear picture of the small clamshell packaging market. The report also includes estimated revenue, CAGR, market share, year-on-year growth to understand the overall market help in identifying right growth opportunities. The report also provides absolute dollar opportunity as it is one of the important factors in analyzing opportunities for market players.
To profile leading market players, the report offers details on core competencies and market share. The report on the global small clamshell packaging market offers vital information on the companies operating in the global market. The report also provides a company overview, financial overview, key business strategies, and new development by the companies. This helps businesses to plan future business strategies in order to remain competitive in the market.
Global Stock Clamshell Packaging Market- Segmentation
The global stock clamshell packaging market is segmented on the basis of material type, product type, application, and region. Based on material type, the market segment includes Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), Poly Vinyl Chloride (PVC), and Molded Fiber.
On the basis of product type, the segmentation includes quad-fold, trifold, and other product type. Based on the application, the market is segmented into food, pharmaceuticals, veterinary & nutraceticals, medical devices, industrial goods, consumer goods, electrical & electronics goods.
Region-wise, the global stock clamshell packaging market is segmented into Japan, Latin America, Asia Pacific Excluding Japan (APEJ), North America, and the Middle East and Africa.
The report provides details of leading companies in the global stock clamshell packaging market such as Amcor Limited, Dow Chemicals, Bemis Company, WestRock Company, Sonoco Products Company, Constantia Flexibles, Klockner Pentaplast Group, E.I. du Pont de Nemours and Company, Honeywell International, and VisiPak Inc.