LONDON--(BUSINESS WIRE)--The packaging market is expected to grow by USD 280.29 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the packaging market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through Response, Recovery, and Renew phases. Download a Free Sample Report on COVID-19
The packaging market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Packaging Market Participants:
Amcor Plc
Amcor Plc operates its business through segments such as Flexibles and Rigid Packaging. The company offers AmLite Ultra Recyclable, AmLite Standard Recyclable, AmLite HeatfFlex, Genesis, TripleLid, I-Light, and others.
Ball Corp.
Ball Corp. operates its business through segments such as Beverage Packaging, North and Central America, Beverage Packaging, South America, Beverage Packaging, Europe, and Aerospace. The company offers standard cans, aerosol cans, Alumi-Tek bottles, 3-piece cans, technical punched slug, 3-piece tinplate cans, and others.
Berry Global Group Inc.
Berry Global Group Inc. operates its business through segments such as Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene & Specialties. The company offers Rigid Lens II, FreshView Bakery Bags, Clear-seal Meat and Cheese Film, SteamQuick, Optmil7404E, DuraWrap, NuSeal, and others.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/packaging-market-industry-analysis
Packaging Market 2020-2024: Segmentation
The packaging market is segmented as below:
-
End-user
- Food
- Beverage
- Healthcare
- Personal Care
- Others
-
Geography
- APAC
- North America
- Europe
- MEA
- South America
-
Type
- Board
- Rigid Plastic
- Flexible
- Metal
-
Glass
The packaging market is driven by the growth of the food delivery and takeaway market. In addition, other factors such as the rise in the adoption of reusable packaging are expected to trigger the packaging market toward witnessing a CAGR of over 5% during the forecast period.
Get more insights about the global trends impacting the future of the packaging market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR44725
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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