Secondary Packaging Market Growing Steadily at 5.43% CAGR By 2021

ReportsnReports.com adds Global Secondary Packaging Market 2017-2021 latest research report; the analysts forecast global secondary packaging industry to grow at a CAGR of 5.43% during the period 2017-2021.

July 7, 2017 /MarketersMedia/ —

Secondary packaging market analyst says one trend in the market is increasing number of automation for secondary packaging. Companies have predefined 3–4 fixed standard secondary packaging dimensions in which they can fit their primary products of different shapes and sizes. Many times, it so happens that because of the predefined shapes and sizes of the secondary packaging, there is space left for more products.

Complete report on Secondary Packaging market spread across 68 pages with analysis of 5 major companies now available at http://www.reportsnreports.com/reports/1119801-global-secondary-packaging-market-2017-2021.html .

According to the 2017 secondary packaging market report, one driver in the market is increase in sales of packaged food product. The primary packaging of food items is flexible, and food items are fragile by nature. Therefore, they require additional secure packaging to stay undamaged during their transit. This additional protection is obtained from the secondary packaging. The use of regular slotted carton (RSC) is extensive in the food industry. It is noted that many other industries are trying to reduce the use of corrugated boxes or RSC. However, the need for RSC and corrugated boxes is increasing the food industry.

The following companies as the key players in the global secondary packaging market: Amcor, International Paper Company, Reynolds Holding Group, Stora Enso, and WestRock. Other prominent vendors in the market are: Ball Corporation, Berry Plastics, Crown Holdings, Deufol, Molins, Mondi, Owens-Illinois, RPC, Sealed Air, and Smurfit Kappa Group.

Order a copy of Global Secondary Packaging Market 2017-2021 report at http://www.reportsnreports.com/purchase.aspx?name=1119801 .

Global Secondary Packaging Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This report covers the present scenario and the growth prospects of the global secondary packaging market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of secondary packaging to different end-users, which include food and beverages, electronic, personal and household care, and other industries.

Further, the secondary packaging market report states that one challenge in the market is augmented price of papers. Secondary packaging materials largely consist of cardboard boxes, cartoon boxes, or corrugated boxes, which are generally made from papers. The prices of papers are set to rise in the range of one-fifth to one-tenth of their original price, approximately, in 2017. This rise in the price of the paper may have a ripple effect in the packaging industry. This is because most of the secondary packaging materials are made of paper. It is expected that the prices of corrugated boxes are set to increase in the range of 2%–5% annualized rate through 2017.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key industry trends?
What is driving this market?
What are the challenges to industry growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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Source: MarketersMedia

Release ID: 215400