USD 2.35 billion

USD 2.35 billion

NEW YORK, in 2022 August 5 /PRNewswire/ — “Clamshell packaging market by End User and Geography – 2022-2026 forecast and analysisThe report was included in Technavio’s proposal. With ISO 9001:2015 certification, Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years. The potential growth gap of the resealable packaging market 2021-2026. 2.35 billion dollars, according to Technavio’s latest market analysis report. The report predicts that the market will witness an accelerating growth rate at a CAGR of 3.77% during the forecast period. Technavio categorizes the global resealable packaging market as part of the global metal and glass container market. Our report provides detailed information on the value chain analysis of the flip-top packaging market that vendors can use to gain a competitive advantage over the forecast period.

Technavio has announced its latest market research report, Clamshell Packaging Market by End User and Geography - Forecast and Analysis 2022-2026.

Technavio has announced its latest market research report, Clamshell Packaging Market by End User and Geography – Forecast and Analysis 2022-2026.

For more analysis of market dynamics and its impact, Read a FREE sample report

Key market dynamics:

  • Market Driver: One of the major factors driving the growth of the global packaging industry is the growth of international fast food chains. With the proliferation of international fast food brands, inexpensive and convenient packaging materials, including flip packs, are increasingly being adopted. For example, In in 2022 MayJubilant Foodworks Ltd., master franchisee of the Domino’s Pizza brand India, Sri Lanka, Bangladeshand Nepalannounced that in 2021 the company opened 80 new Domino’s Pizza restaurants in the fourth quarter. India. To in 2021 month of January, McDonald’s Corp. announced plans to open nearly 500 restaurants in the U.S. and segments of its international operated markets. These factors will have a positive impact on the growth of the global resealable packaging market over the forecast period.

  • Market Challenge: One of the major challenges to the growth of the global resealable packaging industry is the ban on expanded polystyrene (EPS) resealable containers. A ban on the use of EPS foam, often called styrofoam, was signed into law in 2022 month of January to New York State Department of Environmental Protection. The law banned the use of any single-use packaging materials, including containers for the temporary storage and transport of food or beverages. The ban applies to restaurants, food trucks, grocery stores, schools and hospitals, with some exceptions such as food pantries.

To learn about additional key drivers, trends and challenges available with Technavio.. View a sample report

Market segment insights

The Camshell Packaging market report is segmented by end-user (food, electronics, etc.) and geography (APAC, North America, Europe, South Americaand Middle East and Africa).

Insights into revenue generating segments: The food segment will experience significant growth in the market share of flip-top packaging during the forecast period. Changing lifestyles and dietary habits are important factors driving the growth of the packaged food industry worldwide. The market vendors’ revenue from the sale of flip-top packaging has increased. In 2021, the introduction of COVID-19 vaccines led to a reduction in the number of COVID-19 cases, leading to the lifting of pandemic-related restrictions. These factors have fueled the demand for flip-top packaging and the segment is expected to grow during the forecast period.

Regional opportunities: APAC will be the leading region with 34% market growth during the forecast period. China, Japanand India are the key markets for flip-top packaging in APAC. However, market growth in this region will be slower than market growth in other regions. Rapidly expanding end-user industries such as food and beverage, electronics, and personal care will facilitate the growth of the APAC packaging market over the forecast period.

Check out our sample report For additional insights into the contribution of all segments and regional opportunities

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Clamshell Packaging Market Scope

Notice of coverage

Details

Page number

120

Base year

in 2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at 3.77% CAGR

Market growth 2022-2026

2.35 billion dollars

Market structure

Broken down

growth per year (%)

3.43

Regional analysis

APAC, North America, Europe, South America and Middle East and Africa

Market contribution

APAC – 34 percent.

Main user countries

USA, China, Japan, India and UK

A competitive place

Leading companies, competitive strategies, scope of consumer involvement

Companies are profiled

Amcor Plc, Blisterpak Inc., Clearpack Engineering Inc., Creative Plastics, Dordan Manufacturing Co., Footprint LLC, Helmy Plastics, Lacerta Group Inc., Novolex Holdings LLC, Panic Plastics Inc., Parksons Packaging Ltd., Placon Corp., Plastic Ingenuity Inc., Prime Packaging LLC, QPC Pack, Sinclair and Rush Inc., Smurfit Kappa Group, Sonoco Products Co., Universal Plastics Group Inc., Walter Drake Inc. and WestRock Co.

Market dynamics

Key Market Analysis, Market Growth Drivers and Barriers, Fast Growing and Slow Growing Segments Analysis, Impact of COVID 19 and Future Consumer Dynamics and Market Condition Analysis in the Forecast Period.

Customization area

If our report doesn’t include the data you’re looking for, you can contact our analysts and customize the segments.

Main topics covered:

About us

Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides real-world insights that help companies identify market opportunities and develop effective strategies to optimize their market positions.

With more than 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and growing, covering 800 technologies spanning 50 countries. Their customer base includes companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and real-world market insights to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

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