APAC to lead personalised packaging market to 2025
According to new market report published by Research Report Insights titled ‘Personalized Packaging Market’: Global Industry Analysis and Forecast 2017-2025’, global personalized packaging market attained a value worth US$ 25,577.9 Million in 2017 and will possibly thrive at a promising CAGR of 5.1% over the forecast period (2017-2025).
Among geographic market segments, the APAC region is anticipated to lead the global personalized packaging market, during the forecast period. The market for personalized packaging in APAC is projected to register the highest CAGR of 7.0%, during the forecast period, in term of value.
The global personalized packaging market has witnessed solid growth during the past few decades, owing to the increasing trend of luxury packaging. The increasing customization in packaging across the nations has given a major boost to the personalized packaging market.
Based on material type, the global personalized packaging market has been segmented into glass, paper & paperboard, plastic, and metal.
Among packaging types, the bottles segment is expected to dominate the market during the forecast period, with an estimated market value share of 24.0%, in 2017.
However, bags & pouches segment is expected to be the most attractive segment in terms of growth rate during the forecast period. Among end-use segments, beverages segment is expected to dominate the market throughout the forecast period. Increasing customization in beer glass bottles is expected to boost the growth in the personalized packaging market.
The report analyzes the key drivers and restraints, as well as the personalized packaging market trends, and performs pricing analysis based on the average weighted model. Globally, the personalized packaging market has been segmented on the basis of material type, packaging type, end use, and region.