According to Stratistics MRC, the Global COVID-19 Impact on Packaging Market is accounted for $926.43 billion in 2019 and is expected to reach $1,652.28 billion by 2027 growing at a CAGR of 7.5% during the forecast period. While the factors like rising e-commerce sales and growing demand for FMCG and pharmaceutical packaging are propelling the market growth. However, the non-availability of raw materials is hampering the market growth.
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Based on the material type, the plastics/polymers segment is estimated to have a lucrative growth due to it is very necessary to feed and help our nation as well to manage waste. The COVID-19 crisis has shown that, since the demand from many end-use industries is growing mainly in the food & beverage segment, the use of plastic packaging will also see a significant rise during this crisis. By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to the easy accessibility of packaging raw materials such as fiber, plastic, and glass and the occurrence of manufacturing facilities of most of the packaging companies.
Some of the key players profiled in the COVID-19 Impact on Packaging Market include Amcor Plc, Constantia Flexibles Group GmbH, Cosmo Films Ltd, Essel Propack Ltd, Jindal Poly Films Ltd, Oji India Packaging Pvt. Ltd, Tetra Laval International SA, TPCL Packaging Ltd, UFlex Ltd, and Uma Group.
Products Covered:
• Flexible Packaging
• Rigid Packaging
Material Types Covered:
• Glass
• Metal
• Paper & Paperboard
• Plastics/Polymers
Applications Covered:
• Beauty & Personal Care
• Electrical & Electronics
• Food & Beverages
• Healthcare
• Household Hygiene
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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