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$2.35 billion progress hole in clamshell packaging market with 34% contribution from APAC

NEW YORK, August 5, 2022 /PRNewswire/ — The “Clamshell Packaging Market by Finish Person and Geography – Forecast and Evaluation 2022-2026report has been added to Technavio’s providing. With ISO 9001:2015 certification, Technavio is proud to associate with greater than 100 Fortune 500 firms for over 16 years. The distinction in potential progress for the clamshell packaging between 2021 and 2026 is $2.35 billion, in accordance with Technavio’s newest market evaluation report. The report predicts that the market will witness an acceleration in progress at a CAGR of three.77% in the course of the forecast interval. Technavio categorizes the worldwide clamshell packaging market as a part of the worldwide steel and glass containers market. Our report offers detailed insights on worth chain evaluation for Clamshell Packaging Market which distributors can leverage to achieve a aggressive edge in the course of the forecast interval.

Technavio has introduced its newest market analysis report titled Clamshell Packaging Market by Finish Person and Geography – Forecast and Evaluation 2022-2026

For extra market dynamics and their impression evaluation, Learn a FREE pattern report

Key Market Dynamics:

  • Market Driver: One of many key elements driving the worldwide progress of the clamshell packaging trade is the expansion of multinational quick meals chains. The expansion of multinational quick meals manufacturers is rising the adoption of cheap and handy packaging supplies, together with clamshell packaging. For instance, in Could 2022Jubilant Foodworks Ltd., grasp franchisee of the Domino’s Pizza model in India, Sri Lanka, Bangladeshand Nepalintroduced that within the fourth quarter of 2021, the corporate launched 80 new Domino’s Pizza eating places in India. In January 2021, McDonald’s Corp. introduced plans to open almost 500 eating places in america and in its worldwide operated market segments. These elements can have a optimistic impression on the expansion of the worldwide clamshell packaging market over the forecast interval.

  • Market Problem: One of many main challenges to the expansion of the worldwide clamshell packaging trade is the ban on expanded polystyrene (EPS) clamshell containers. The ban on EPS foam, also known as “styrofoam”, was enacted in January 2022 converse New York State Division of Environmental Conservation. The legislation has banned any single-use packaging materials, together with containers, designed to quickly retailer and transport meals or drink. The ban applies to eating places, meals vans, grocery shops, colleges and hospitals, with just a few exceptions, similar to meals pantries.

Be taught extra about extra key elements, developments and challenges accessible with Technavio. View pattern report

Overview of market segments

The Clamshell Packaging Market report is segmented by Finish-Person (Meals, Electronics and Others) and Geography (APAC, North America, Europe, South Americaand Center East and Africa).

Data on revenue-generating segments: The expansion of the clamshell packaging market share by the meals section shall be vital in the course of the forecast interval. Altering life and consuming habits are vital elements driving the expansion of the packaged meals trade throughout the globe. Market distributors have seen a rise in income generated from gross sales of clamshell packaging. In 2021, with the introduction of COVID-19 vaccines, the variety of COVID-19 circumstances decreased, resulting in the lifting of pandemic-related restrictions. These elements have propelled the demand for clamshell packaging, and the section is predicted to witness optimistic progress over the forecast interval.

Regional Alternatives: APAC would be the high area with 34% of the market progress in the course of the forecast interval. China, Japanand India are the highest markets for clamshell packaging in APAC. Nevertheless, market progress on this area shall be slower than market progress in different areas. Quickly increasing end-user industries similar to meals and beverage, electronics, and private care will facilitate the expansion of the APAC clamshell packaging market over the forecast interval.

See our pattern report for added info on the contribution of all segments and regional alternatives

Some firms talked about with their affords

Associated stories:

beverage packaging market in Europe by Materials and Location – Forecast and Evaluation 2022-2026

inflexible plastic packaging market by part and geography – Forecast and evaluation 2022-2026

Clamshell Packaging Market Scope

Report cowl

Particulars

Web page quantity

120

Yr of reference

2021

Forecast interval

2022-2026

Development momentum and CAGR

Speed up at a CAGR of three.77%

Market Development 2022-2026

$2.35 billion

Market construction

Fragmented

Annual progress (%)

3.43

Regional evaluation

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

Profitable market contribution

APAC at 34%

Most important client international locations

United States, China, Japan, India and United Kingdom

Aggressive panorama

Main firms, aggressive methods, scope of client engagement

Profiled firms

Amcor Plc, Blisterpak Inc., Clearpack Engineering Inc., Inventive 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 Merchandise Co., Common Plastics Group Inc., Walter Drake Inc. and WestRock Co.

Market dynamics

Dad or mum market evaluation, market progress drivers and obstacles, evaluation of quick rising and sluggish rising segments, impression of COVID 19 and future client dynamics, and evaluation of market situations for the forecast interval.

Personalization space

If our report doesn’t embody the information you’re on the lookout for, you possibly can contact our analysts and customise the segments.

Most important matters coated:

About Us

Technavio is a world chief in know-how analysis and consulting. Their analysis and evaluation focuses on rising market developments and offers actionable insights to assist firms determine market alternatives and develop efficient methods to optimize their market positions.

With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 stories and counts, spanning 800 applied sciences, spanning 50 international locations. Their buyer base consists of enterprises of all sizes, together with greater than 100 Fortune 500 firms. This rising buyer base depends on Technavio’s complete protection, in-depth analysis, and actionable market intelligence to determine alternatives in current markets and potentials and assess their aggressive positions in altering market eventualities.

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