Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.29 Billion | USD 5.53 Billion | 5.3% | 2023 |
According to the report published by Zion Market Research, the global Expendable Packaging Market size was valued at USD 3.29 Billion in 2023 and is predicted to reach USD 5.53 Billion by the end of 2032. The market is expected to grow with a CAGR of 5.3% during the forecast period. The report analyzes the global Expendable Packaging Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Expendable Packaging Market.
Expendable packaging is a very resilient, lightweight, and strong packaging solution. The expendable packaging is easily dismantled and repaired; as it is cheap and sturdy it is also used for the packing of the heavy products. With the help of the expendable packaging, the need for re-packing at warehouses can be eliminated while supplying the components line side.
Major factors that are contributing to the growth of the expendable packaging market are it provides longer shelf life to the products, innovations that are being made in the products, and the increasing disposable income of the people. The expendable packaging is a cost-effective way for the food packaging as it retains freshness of the food products. In the e-commerce segment, the expendable packaging has become an increased business requirement. The market for the expendable packaging will increase in terms of quality, production efficiency, security, minimize packaging, packaging standardization, and transportation and logistics costs. The factor that acts as a challenge to the growth of the expendable packaging market is the increased regulations that are implemented by the government on the use of the materials that can be recycled has become a challenge to the companies.
Report Attributes | Report Details |
---|---|
Report Name | Expendable Packaging Market |
Market Size in 2023 | USD 3.29 Billion |
Market Forecast in 2032 | USD 5.53 Billion |
Growth Rate | CAGR of 5.3% |
Number of Pages | 205 |
Key Companies Covered | Tradeindia Company, Coroflot, Vocus Company, Indiamart, Nefab Group, Industrial Packers, Saifan Limited, and Tilak Polypack Pvt. Ltd |
Segments Covered | By application, By food and beverages, By electronic appliances, By healthcare, By boxes and the pallet and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The geographical diversification of the global expendable packaging market includes North America, Asia Pacific, Western Europe, the Middle East and Africa, Latin America, and Eastern Europe. The region that holds the maximum share in the expendable packaging is Europe. The U.K. and Germany are the major market contributors in the European region. The regions that are developing at a rapid pace in the expendable packaging market are Asia Pacific and Latin America. The factor that contributes to the market growth in these regions is the considerable increase in disposable income.
The expendable packaging is a perfect solution for exporting the shipments. Nefab offers expendable packaging solutions that are made from different materials. Nefab ExPak is a foldable and nail-less box solution that is made from the plywood; it requires minimum storage space. The plywood box can be assembled very easily. It is a superior solution for the long-term storage and transportation, export shipments, and has a very strong and durable design.
The market for the expendable packaging is fragmented into its application.
Based on the application, the global market is segregated into food and beverage, electronic appliances, healthcare, and boxes and pallets.
The food and beverages segment is sub-segmented into bakery food, canned food, sea food, and preserved food.
The electronic appliances segment is sub-segmented into computers, washing machines, scanners, and blenders.
The healthcare segment is sub-segmented into structural resins, sealant resins, and medical device packaging.
The boxes and the pallet segment is sub-segmented into lightweight pallets, wooden crates-cratepak-O, plywood boxes, cratepak-O HD, and corrugated boxes.
The key market players that are involved in the expendable packaging market include:
By Application
By food and beverage
By electronic appliances
By healthcare
By boxes and pallets
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