Plastic
Packaging has been long since evolved from being just a way to keep products
safe and secure in transit from producer to end-user. It plays a vital role in
building brand differentiation, awareness and loyalty. Plastic packaging has
specifically come to the fore as businesses rethink packaging, but they are yet
to develop any single source into a widely used alternative due to higher
production costs. Some new materials are also being implemented to support the pros
of plastic packaging.
Full Report here: http://www.strategymrc.com/report/plastic-packaging-market
The
Global Plastic Packaging Market is accounted for $301.52 billion in 2017 and is
expected to reach $486.58 billion by 2026 growing at a CAGR of 5.4% during the
forecast period. Due to the high volume and fast turnover of food and beverage,
beauty and health, as well as household goods, there are significant
opportunities for new packaging materials in these sectors. Fashion, hygiene
and electronics are also potential markets. For instance IKEA, it has been
looking into Plastic packaging grown from mushrooms. The product is being
developed by an innovative US company called Ecovative, which feeds fungi with
agricultural waste. On considering all these into account, investors who want a
profitable business are advised to invest their capital on the plastic packaging
market.
Full Contents here: http://www.strategymrc.com/report/plastic-packaging-market/toc
With
plastic packaging added to the marketing mix, engagement with consumers becomes
more consistent and continuous throughout the customer lifecycle because campaigns
are optimized to be Omnichannel. North American countries are more into
plastic packaging as people of the United States and Canada prefer plastic type of
packaging so as to reduce the labour cost. However, if both small scale and
large scale industries are willing to invest their capital would definitely
double the profit in less than a year of span.
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