Global Sugar Packaging Market: An Overview
Sugar packaging is done in a variety of formats, both in bulk and retail. There are a number of products available in the market for sugar packaging. The sugar packaging market is witnessing a tremendous shift in preference for flexible packaging formats. Manufacturers of sugar packaging are also incorporating technologies, such as QR codes. The advent of modern high quality printable packaging formats has led to the usage of sugar packaging not only for protection of sugar substances, but also as promotional tools. The global industry is characterized by intense competition due to the involvement of several packaging formats. Sugar is a commodity product and therefore, witnesses high rate of consumption. Manufacturers of sugar packaging solutions are expected to make persistent efforts to adopt sustainable packaging solutions. The outlook for growth of the global sugar packaging market is expected to be highly positive during the forecast period as flexible packaging solutions are moving towards market dominance.
Global Sugar Packaging Market: Dynamics
The concerned global industry is expected to grow on the backdrop of growth in the flexible packaging industry. The sugar packaging market will be largely influenced by the ongoing shift in preference towards sustainable packaging solutions. One of the key factors expected to provide an edge to the global market is customizability. Sugar packaging solutions are highly customizable and manufacturers differentiate their products through printed packaging solutions. Sugar packaging solutions are aimed at enhancing consumer appeal. In addition, bulk sugar packaging solutions are mostly used for B2B sales. Paper sacks are one of the most commonly used packaging formats for sugar packaging.
Global Sugar Packaging Market: Segmentation
The global market is segmented as follows -
On the basis of material type, the global market is segmented into –
On the basis of packaging type, the global market is segmented into –
- Custom Packaging
On the basis of end use packaging application, the global market is segmented into –
- Granulated sugar
- Caster sugar
- Pearl sugar
- Cane sugar
On the basis of end use, the global market is segmented into –
Global Sugar Packaging Market: Regional Outlook
The Asia Pacific is expected to be at the forefront of the global sugar packaging market in terms of market size and growth during the forecast period. Countries, such as India and China, are anticipated to remain the leading contributors to the growth of the Asia Pacific market. North America is expected to be a significant contributor to the growth of the global market, given the high super intake per day by an average American. The U.S. market is anticipated to account for the larger share of the North America sugar packaging market during 2018-2028. In terms of average sugar consumption per person per day, the United States ranks on top with an estimated 126.4 grams. The Europe market is expected to closely follow its North American counterpart, with countries, such as Germany, the Netherlands, the U.K., Belgium, and Finland, being in the list of top ten countries with highest sugar consumption.
Global Sugar Packaging Market: Key players
Some of the key participants operating in the global Sugar Packaging market are –
- Klabin S.A.
- Swiss Pack Pvt. Ltd.
- Packman Industries
- Berlin Packaging
- Mondi Group
- Bormioli Rocco Glass Co. Inc.
- United Bags, Inc.
- Bio-Pappel Titan
- Grupo Industrial Durango, S.A. de C.V.
- Trombini Embalagens S/A
- Billerudkorsnas AB
- Swedbag AB
Some of the key trends in the global sugar packaging market are –
- Increasing use of paper-based packaging solutions, such as sacks
- Growing preference towards flexible packaging solutions for retail sales
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?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across 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.