Trend Towards Sustainable Packaging to Drive the European Consumer Packaging Market

The European consumer packaging market is estimated to grow at a CAGR of 4.8% during the forecast period. The rising demand for highly sustainable packaging across end-user industries is creating a scope for the growth of the market. Food and beverage and cosmetic firms are continuously working towards replacing their product packaging with 100% recyclable packaging solutions. For instance, in October 2019, L’Oréal S.A. declared the development of the very first paper-based cosmetic tube, in partnership with Albéa, a provider of cosmetic packaging. Its launch on the market is scheduled in 2020. This initiative will reduce environmental impact and improve the footprint of the L’Oréal packaging. This innovation will enable L’Oréal group brands to replace a large amount of plastic currently utilized in their tubes with newly certified paper-like and bio-based material. 

Browse the full report description of "European Consumer Packaging Market Size, Share & Trends Analysis Report, By Material (Plastic, Paper, Glass, and Metal), By End-User (Food, Beverage, Healthcare, Personal Care and Cosmetics, and Household Goods) and Forecast, 2020-2026" at https://www.omrglobal.com/industry-reports/european-consumer-packaging-market

Further, in July 2020, Diageo plc declared the development of the world's first-ever 100% plastic-free paper-based spirits bottle, which is produced completely from sustainably sourced wood. The bottle will launch with Johnnie Walker, a Scotch Whisky, in early 2021. Diageo introduced a new partnership with a venture management company, Pilot Lite, to launch Pulpex Limited, a new sustainable packaging technology firm. Pulpex Limited has formed a partner association of major FMCG companies in non-competing categories such as PepsiCo, Unilever, and with further partners to ensure that the technology can be used in every area of life. Each association partners are estimated to reveal their own branded paper bottles, which is based on the design and technology of Pulpex Limited, in 2021.

Scope of the European Consumer Packaging Market

Market Coverage

• The market number available for 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Material and End-User
• Countries Covered- UK, Germany, France, Spain, Italy, and Rest of Europe 
• Competitive Landscape- Constantia Flexibles Group GmbH, DS Smith Plc, Gerresheimer AG, Mondi plc, Tetra Pak International S.A., and Huhtamäki Oyj

Recent Developments in European Consumer Packaging Market

• In March 2020, Huhtamaki acquired full ownership of its joint venture (JV) firm Laminor S.A. in Brazil. Laminor is known for tube laminates, especially for oral care applications, and was established in 2002 as a 50/50 JV together with Bemis, which is now part of Amcor. This acquisition will allow Huhtamaki to enhance its tube laminate business, which is an essential part of the Huhtamaki flexible packaging offering. 
• In April 2019, Schott declared to invest $1 billion in its pharmaceutical packaging business until 2025. The company’s investment aims to meet the demand for pharmaceutical packagings such as ampoules, vials, syringes, and cartridges produced from Borosilicate glass and polymer. The amount will fund projects in several countries such as the construction of a syringe and container factory in Germany and a glass tubing factory in China. 
  

Key questions addressed by the report

• What is the market growth rate?
• Which segment/country dominates the market in the base year?
• Which segment/country will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID forecast

o Most affected country/segment

• Who is the leader in the market?
• What are the key strategies adopted by the market players?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
• What are the trends in sustainable packaging?

European Consumer Packaging Market-Segmentation

By Material

• Plastic
• Paper
• Glass
• Metal

By End-User

• Food 
• Beverage
• Healthcare
• Personal Care and Cosmetics
• Household Goods

European Consumer Packaging Market– Segment by Country

• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe