Display Packaging Market Size, Share, 7% CAGR, Analysis and Forecast by 2023

Summary

Global Display Packaging Market Size, Share, Trends, Growth, Analysis, Future Scope, By Type (Cellulose Fibers, Corrugated Pallets, Corrugated Paper Board Sheeting, Others), by end use (Retail and Pharmacy) and Region - Forecast 2017-2023

Synopsis

Packaging industry witnessed technology adoption, at large, in terms of equipment, and packaging methods, and the demand for primary packaging is stagnant. MRFR analysts conclude that Display Packaging Market Size, will grow at a CAGR of 7.02% during the forecast period.

Key Players

The major player operating in the market of global display packaging are DS Smith Plc. (U.K.), International Paper (U.S.), Mondi Plc. (Austria), Smurfit Kappa Group Plc. (Dublin), Sonoco Products Company (U.S.).

Regional Analysis

The global Display Packaging Market Size witnessed fast growth in last few years. The value share of display packaging in developed economies, such as North America, Europe and Australia is higher than other regions, and is expected to maintain its dominance over the forecast period. The Asia Pacific market is expected to witness maximum growth rate in the global Display Packaging Market Size,. Moreover, increase in consumer income has led to the growth in demand for good-quality packaged food. Also, the rise in population in many countries, has led to an increase in food & beverage consumption, which ultimately increases the demand of display packaging products. Mostly, consumers view premium packaging as the basic indication of a high-quality product. Thus, vendors use expensive technologies, colors, and packaging techniques to develop premium packages, which will boost the market growth.

Regional Analysis

The global market for display packaging, witnessed fast growth in last few years. The value share of display packaging in developed economies, such as North America, Europe and Australia is higher than other regions, and is expected to maintain its dominance over the forecast period. The Asia Pacific market is expected to witness maximum growth rate in the global Display Packaging Market Size,. Moreover, increase in consumer income has led to the growth in demand for good-quality packaged food. Also, the rise in population in many countries, has led to an increase in food & beverage consumption, which ultimately increases the demand of display packaging products. Mostly, consumers view premium packaging as the basic indication of a high-quality product. Thus, vendors use expensive technologies, colors, and packaging techniques to develop premium packages, which will boost the market growth.

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