As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global CBD Product Packaging market is expected to grow at a healthy CAGR during the forecast period (2017-2027). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales of the Strip Pack Laminates Market in the coming 10 years.
The report conducts an in-depth analysis of factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
The advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Strip Pack Laminates
With rising environmental concerns and the implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end-use industries.
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In accordance with this, numerous packaging companies are shifting their focus of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, the introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, the emergence of intelligent packaging with the integration of artificial intelligence (AI), the internet of things (IoT), and data science have improved the demand for the Strip Pack Laminates market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling sales.
Key Strip Pack Laminates Market Takeaways and Projections
- The U.S. is expected to lead the North America Strip Pack Laminates market, projecting the fastest growth in the region between 2017 and 2027
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing a significant revenue share in the region through 2027.
Report Benefits & Key Questions Answered
- Strip Pack Laminates Historical Market Analysis: The detailed survey by FMI examines key factors in the Strip Pack Laminates market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provides refined sales projections of the Strip Pack Laminates market for the forecast period 2017-2027.
- Strip Pack Laminates Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Strip Pack Laminates for the assessment period. As per the study, the demand for Strip Pack Laminates will grow at a robust CAGR between 2017 and 2027.
- Strip Pack Laminates Company & Brand Share Analysis: A recent study by FMI highlights a comprehensive list of leading market players and stakeholders in the global Strip Pack Laminates market. It examines the business execution, cost structure analysis, and supply chain analysis
- Strip Pack Laminates Market Trend Analysis: The latest study by FMI on the Strip Pack Laminates market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Strip Pack Laminates Market Overview
Strip pack laminates are one of the popular packaging solution among the pharmaceutical companies. Some of the important characteristics associated with strip pack laminates that makes it a preferred choice among pharmaceutical companies are as follows: these strips reduces the spillage, are easy to open and hence provides convenience, provides anti-counterfeiting features, improves brand recognition.
Further, light weight of the strip pack laminates is also expected to be one factor for increasing acceptance of the product. Moreover, strip pack laminates increases the shelf life of the medicine by creating an obstacle for moisture and oxygen.
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Strip pack laminates Market: Key players
Some of the key players in the global strip pack laminates market are Amcor limited, UBM LLC, KAA Timex LR, Green Pack Foils Pvt. Ltd., ETW international etc. Many unorganized players are also presence in the market for that key players are focusing to mergers & acquisition activity to penetrate into the developing countries.
Also, the companies are launching new products in order to maintain the competitive advantages in air bags packaging market.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
The Report covers exhaust Analysis on
Geographically, the global strip pack laminatesmarket has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia pacific is expected to retain its dominance throughout the forecast period owing to the increasing steady growth in pharmaceutical industry.
Moreover, China and India are the lucrative market for strip pack laminates manufacturers in the Asia Pacific. North America is expected to witness a healthy growth in the strip pack laminates market during the forecast period. Europe is also anticipated to register an above average growth in the strip pack laminates market due to the early adoption.
Latin America region is anticipated to witness slow growth as compared to the other regions during the forecast period.
Strip pack laminates Market: Key players
Some of the key players in the global strip pack laminates market are Amcor limited, UBM LLC, KAA Timex LR, Green Pack Foils Pvt. Ltd., ETW international etc. Many unorganized players are also presence in the market for that key players are focusing to mergers & acquisition activity to penetrate into the developing countries.
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Strip pack laminates: Market Segmentation
The global strip pack laminates market is segmented on the basis of type of the material type, application type
Based on the material type the global strip pack laminates market is segmented into:
- Aluminum
- Polyethylene (PE)
- Polypropylene (PP)
- Surlyn
Based on the application type the global strip pack laminates market is segmented into:
- Medicines
- Oral dissolve strips
- Transdermal & Transmucosal
- Nutraceuticals
- Powders & granules
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