Packaging Laminates are the films used to wrap or protect products or, items such as food, to prevent damages from the surrounding environment. Even though the conventional materials such as glass and metal possess higher barrier properties, they themselves are more vulnerable to breaking and corrosion. Which is why, more suitable alternatives were introduced, which include plastic, paper and other such materials. Packaging laminates are used to improve the strength of materials by making them more resistant to tearing, to protect the goods during packaging and distribution, to help keep the aroma, freshness of the food intact, to protect the food from deteriorating, etc. To make it more aesthetically pleasing, most of these packaging Industries use laminated packaging films. While these films help give extra shelf life to the products, by avoiding damages done to it by the external elements, they also manage to make the products look good at the same time.
The User Industry that dominates the market:
Of all the User Industries that are the consumers of the packaging laminates, the user industry that dominates over everyone is the Food and Beverages Industry. There has been a significant rise in the sale of Ready-to-eat packaged foods, thus accelerating the usage of the packaging laminates. With a soar in this sector, the demand of packaging laminates too, has seen an exponential rise.
How Nuclear families have given birth to new highs in the packaging laminates market :
Not only is this rise being experienced on an Industrial level, on a residential level too, the demand has increased. Nearly every household now uses some or the other kind of packaging laminates, to pack and store away food for longer duration. This is all because, earlier, food was prepared on a daily basis, every meal would be freshly prepared and served, which is not the reality of most of today’s households. Today, most young people prefer to prepare in bulk, on their off day from work, and store it to eat on their weekdays, the days they can have a meal ready and prepared beforehand.
How Social Media has contributed vastly to the market :
Social Media has given everyone the chance to one up the other in terms of how they look and how they present themselves. This means, everyone wants to look and feel their best, most of the time. This has generated increased demand for personal beauty care and cosmetics products, the industry that is a part of the packaging laminates market.
A Geographical Outlook :
Increasing per Capita disposable incomes of the consumers have boosted retail sector growth especially across Asia and the Middle East, which are emerging to be some of the most significant markets as of today. The increasing industrialization as seen in China and India, the Asia Pacific region’s laminated packaging films market is projected to account for a share higher than most other regions. North America is seeing a shift in lifestyle, where most people today prefer to store food in protective laminate packaging to be consumed later. This makes North America come in a close second place. In South America Brazil, and Argentina are estimated to hold a high share in the forecast period.
The Packaging Laminates Market can be segmented as:
By Material Type
By End User Industry
Key packaging laminates market players are Amcor, WINPAK, Berry Group, Scur Flexibles, Mondi Group, Uflex, Coveris Holdings and others.
Asia Pacific holds the highest market share in the global packaging laminates industry.
Based on thickness, the packaging laminates market is segmented into Up to 30 Microns; 30-45 Microns; 45-60 Microns and Above 60 Microns.
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