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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Micro Packaging Market is poised to grow at a CAGR of 16.8% from 2024-2030. Micro-perforated food packaging is designed specifically for perishable foods, with the intention of increasing shelf life and improving moisture retention. According to the Food and Agriculture Organization of the United Nations, vegetable production in the United States increased to 8,07,349 tonnes in 2018, up from 7,09,033 tonnes in 2017. With rising consumption, the demand for tiny packaging grows. The market is driven by the development of new biological substances and the emergence of novel medication delivery technologies. Chronic diseases are growing rapidly worldwide, and the World Health Organization estimates that in 2001, chronic diseases accounted for roughly 60% of the world's 56.5 million total recorded deaths and approximately 46% of the global disease burden.
The share of the burden of noncommunicable diseases (NCDs) is anticipated to rise to 57% by 2020. Cardiovascular disease, obesity, and diabetes account for about half of all chronic disease mortality. These disorders create a demand for medicine that uses micro packaging since it improves the stability and shelf life of the drug and delivery mechanism. Leaching of nanoparticles limits the market's growth. The size and structure of the original nanoparticles can alter substantially, which affects the stability and chemical activity of nanomaterials. For antimicrobial activity, a small amount of silver migrates slowly from the inside of the packaging material to the surface, releasing silver ions that attack microbes. As a result, AgNPs are most likely eaten when food comes into touch with the packing surface.
Study Period
2024-2030Base Year
2023CAGR
16.8%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Technological improvements in various industries, including cosmetics and pharmaceuticals, have resulted in an increased demand for innovative packaging solutions such as micro packaging around the world. Micro packaging is the technique of using nanomaterials, such as films and nanocoating, to develop high-barrier packaging solutions. Thus, micro packaging is a relatively new concept that offers significant growth potential in nearly every area of the packaging industry. The micro packaging industry is likely to profit from technological improvements, particularly in the healthcare sector, as efficient and innovative packing solutions gain popularity. Several elements drive the industry's growth. The most notable of them is the increasing adoption rate in the pharmaceutical packaging business, which is fuelled by the growing popularity of nano-enabled packaging. Furthermore, advances in drug delivery technologies, together with the development of novel biological chemicals in the pharmaceutical industry, have necessitated the use of micro packaging materials.
The use of nano-engineered materials extends drug safety by delaying oxidation, reducing microbial development, and improving tamper visibility in packages.Despite its optimistic outlook, the micro packaging sector faces several challenges that are likely to restrict expansion over the next few years. Because micro packaging entails the use of technologically advanced packaging processes, its adoption has been delayed over the years, particularly in the food packaging industry. However, the pharmaceutical industry has been quick to adapt to micro packaging trends as global demand for sanitary packaging has increased.Permeability is one of the most important characteristics of packaging, and the concept of micro packaging is gaining appeal across industries. The use of micro packaging materials improves barrier protection since they are completely permeable to water vapor, ambient gases, and other natural elements found in the products being packaged. Over time, such considerations are predicted to drive up the use of micro packaging materials, particularly in the food and pharmaceutical industries.
Based on regions, the Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America is witnessing high growth in the micro packaging market. The rapidly expanding retail sector encourages manufacturers to employ sophisticated packaging methods. According to the United States Department of Agriculture, Americans were able to consume 64.1 pounds of boneless, edible chicken per person in 2017, and 35.2 pounds of corn products (flour and meal, hominy and grits, and food starch) in 2018. Micro packaging keeps meat fresh throughout shipment and provides barrier qualities for food products. Micro packaging is becoming increasingly popular in this market, as demand rises annually.
The players are increasingly focusing on innovation in the micro packaging market. For example, Bayer CropScience AG, a chemical and pharmaceutical company, recently developed a transparent film called durethan that contains clay nanoparticles that provide a combination of properties such as high strength and toughness, abrasion resistance, chemical resistance, and cracking resistance. This new film will hinder growth in the United States
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
16.8% |
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By Product Type |
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By Application |
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By Region |
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The Micro Packaging Market is Expected to expand at a CAGR of 16.8% over the forecast period.
The market is driven by the development of new biological substances and the introduction of new medication delivery methods.
The worldwide micro packaging market is expected to gain from trends in numerous industries including tailored or customized packaging solutions.
Market research is segmented based on based on product type, application, and region.
North America is estimated to dominate with the highest CAGR over the forecast period.
| 1.Executive Summary |
| 2.Global Micro Packaging Market Introduction |
| 2.1.Global Micro Packaging Market - Taxonomy |
| 2.2.Global Micro Packaging Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Micro Packaging Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Micro Packaging Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Micro Packaging Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Films |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Bottles |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Boxes |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Cartons |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Pouches |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Cans |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Others |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6.Global Micro Packaging Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Food & Beverages |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Pharmaceutical |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Personal Care & Cosmetics |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Durable Consumer Goods |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.Global Micro Packaging Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Micro Packaging Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Films |
| 8.1.2.Bottles |
| 8.1.3.Boxes |
| 8.1.4.Cartons |
| 8.1.5.Pouches |
| 8.1.6.Cans |
| 8.1.7.Others |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Food & Beverages |
| 8.2.2.Pharmaceutical |
| 8.2.3.Personal Care & Cosmetics |
| 8.2.4.Durable Consumer Goods |
| 8.2.5.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Micro Packaging Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Films |
| 9.1.2.Bottles |
| 9.1.3.Boxes |
| 9.1.4.Cartons |
| 9.1.5.Pouches |
| 9.1.6.Cans |
| 9.1.7.Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Food & Beverages |
| 9.2.2.Pharmaceutical |
| 9.2.3.Personal Care & Cosmetics |
| 9.2.4.Durable Consumer Goods |
| 9.2.5.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Micro Packaging Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Films |
| 10.1.2.Bottles |
| 10.1.3.Boxes |
| 10.1.4.Cartons |
| 10.1.5.Pouches |
| 10.1.6.Cans |
| 10.1.7.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Food & Beverages |
| 10.2.2.Pharmaceutical |
| 10.2.3.Personal Care & Cosmetics |
| 10.2.4.Durable Consumer Goods |
| 10.2.5.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Micro Packaging Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Films |
| 11.1.2.Bottles |
| 11.1.3.Boxes |
| 11.1.4.Cartons |
| 11.1.5.Pouches |
| 11.1.6.Cans |
| 11.1.7.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Food & Beverages |
| 11.2.2.Pharmaceutical |
| 11.2.3.Personal Care & Cosmetics |
| 11.2.4.Durable Consumer Goods |
| 11.2.5.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Micro Packaging Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Films |
| 12.1.2.Bottles |
| 12.1.3.Boxes |
| 12.1.4.Cartons |
| 12.1.5.Pouches |
| 12.1.6.Cans |
| 12.1.7.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Food & Beverages |
| 12.2.2.Pharmaceutical |
| 12.2.3.Personal Care & Cosmetics |
| 12.2.4.Durable Consumer Goods |
| 12.2.5.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Bollore Inc |
| 13.2.2.Uflex Ltd |
| 13.2.3.TCL packaging |
| 13.2.4.Amerplast Ltd |
| 13.2.5.Amcor Plc |
| 13.2.6.Cosmo Films |
| 13.2.7.Danaflex |
| 13.2.8.Vitopel |
| 13.2.9.Avery Dennison |
| 13.2.10.3M Company |
| 13.2.11.Shijiazhuang Dajia New Materials Technology Co., Ltd |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.