The European consumer packaging market is estimated to grow at a CAGR of 4.8% during the forecast period. Significant rise in the packaging industry and increasing pharmaceutical production are some key factors primarily contributing to market growth. As per the PlasticsEurope, in 2018, the European plastics industry generated revenue of over $413.3 billion, with a positive trade balance of over $17.2 billion. In 2018, 9.4 million tons of plastic post-consumer waste were gathered in Europe to be recycled (inside and outside the EU). In 2018, plastics production in the EU was 61.8 million tons. Increasing demand for plastics packaging in multiple sectors, including food and beverage and household products have been witnessed in the region.

Visit for Global Consumer Packaging Market Report at: https://www.omrglobal.com/industry-reports/consumer-packaging-market

In several European countries, there is a significant rise in population, and the use of packaging per person is also rising. This has led owing to the trends in consumer behavior, such as the increasing demand for convenience products, and the rising adoption of plastic as an alternative for other packaging materials. In September 2018, Union of European Beverages Associations (UNESDA) Soft Drinks Europe declared a set of EU-wide ambitions to make the plastic packaging for soft drinks more sustainable. This is intended to contribute towards establishing a circular model for plastic packaging by improving its collection, recyclability, recycled content, and reuse. 

100% plastic packaging for soft drinks to be recyclable by 2025.  In the EU, drink packaging is a highly collected packaging, and major soft drinks manufacturers have been involved in accelerating recycling rates by setting up and running packaging recovery organizations across the EU. This, in turn, is offering an opportunity for the adoption of more sustainable packaging solutions for beverages in the region.

Some prominent players in the market include Constantia Flexibles Group GmbH, DS Smith Plc, Gerresheimer AG, Mondi plc, Tetra Pak International S.A., and Huhtamäki Oyj. To sustain in the competitive environment, European packaging firms are using strategies to gain a competitive advantage. For instance, in January 2019, Constantia Flexibles declared the majority acquisition of TT-print, a Russian packaging firm that serves the pharma and food industry. Some of the core products include printed aluminum blister foil and coldform. With this acquisition, Constantia will strengthen its position in the Russian pharma packaging industry.

Research Methodology

The market study of the European consumer packaging market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. European Consumer Packaging Market Research and Analysis by Material
2. European Consumer Packaging Market Research and Analysis by End-User

The Report covers:

• Comprehensive research methodology of the European consumer packaging market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European consumer packaging market.
• Insights about market determinants which are stimulating the European consumer packaging market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.