Display Packaging Market Is Expected To Grow At 7.02% CAGR During Forecast 2023

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.), Deufol SE (Germany), C&B Display Packaging Inc. (Canada), Grant Austin Display Packaging (South Australia), Excel Displays & Packaging (U.S.), Glama Pak (Australia).

Display Packaging Market Regional Analysis

The global Display Packaging Market, 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. 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. 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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