Sustainable Packaging Innovations to Reflect Positively on the Global Consumer Packaging Market

The global consumer packaging market is anticipated to grow at a CAGR of 5.1% during the forecast period (2020-2026). Rising inclination towards sustainable packaging is contributing to the increasing innovations in the consumer packaging sector. Diageo plc, Unilever plc, Nestlé S.A., and the Coca Cola Co. are some major food and beverage and personal care companies that are replacing their product packaging with 100% recyclable packaging. For instance, in May 2020, Nestlé Waters launched its first 100% recycled plastic water bottle to reinforce its commitment to sustainability in Spain. The new 1-liter water bottle of Nestlé Aquarel has three attractive designs that include messages to encourage people for recycling.

Browse the full report description of "Global 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/consumer-packaging-market 

The introduction of this new product is a part of the Nestlé Waters' commitment which includes that all bottles of mineral water, which are already 100% recyclable, will consist of a large percentage of recycled plastic. Therefore, it is the first bottle developed from 100% recycled Polyethylene terephthalate (PET) plastic and is launched in the Spanish market. The company declared that in the coming months, it will continue to widen the use of recycled plastic in other major formats in its portfolio. This, in turn, will encourage other firms to launch more eco-friendly and innovative packaging solutions for their products, and thereby will leverage the market growth. Other key factors driving the market growth include growth in end-user industries and the expansion of the e-commerce sector.  

Scope of the Global 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
• Regions Covered- North America, Europe, Asia-Pacific, and Rest of the World. 
• Competitive Landscape- Anheuser-Busch InBev, Heineken N.V., FIFCO USA, The Boston Beer Co., and Kirin Holdings Co., Ltd.

Recent Developments in the Global Consumer Packaging Market

• In March 2020, Coveris acquired Plasztik-Tranzit Kft, a provider of flexible packaging solutions for the food industry. Under the terms of the agreement, Plasztik-Tranzit Kft is to be renamed Coveris Pirtó. Plasztik-Tranzit Kft offers advanced inhouse capabilities such as extrusion, breakthrough flexo printing, and lamination in both Hungary and neighboring markets. This acquisition is a part of the new growth strategy of Coveris to develop a hub for high-tech packaging manufacturing in Eastern Europe, in conjunction with expanding its capacity in the food, medical, and film businesses.
• In January 2019, UPS and TerraCycle declared that it will launch an advanced new reusable and returnable system to manage the packaging of consumer products. The system, referred to as Loop, will be tested in New York and Paris as a prime step toward complete implementation in consumer markets. The system removes the dependency on single-use packaging for consumer goods. It will not only reduce the burden of packaging waste, however, significantly improve the shopping convenience and product experience.

Key questions addressed by the report

• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region 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?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Consumer Packaging Market-Segmentation

By Material

• Plastic
• Paper
• Glass
• Metal

By End-User

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

Global Consumer Packaging Market– Segment by Region 

North America           

• US
• Canada

Europe

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

Asia-Pacific    

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Latin America
• The Middle East and Africa