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Moisture-resistant Packaging Market Share

Report ID: GMI11822
Published Date: Oct 2024
Report Format: PDF

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Moisture-resistant Packaging Market Share

In the industry, competition is intensifying as companies focus on key factors like product innovation and sustainability. Players are investing heavily in research and development to create advanced materials that not only provide superior moisture barrier properties but also comply with environmental regulations and consumer preferences for eco-friendly packaging. Cost efficiency is another critical factor, as firms strive to balance quality with pricing to attract price-sensitive customers in various sectors, especially food and beverage. Brand reputation also plays a crucial role, with established companies leveraging their history of quality and reliability to maintain market leadership. Furthermore, effective distribution networks and partnerships with major retailers are vital for ensuring product availability and visibility in a competitive market. This multifaceted approach underscores the complexity and dynamism of competition within the moisture-resistant packaging sector.

Moisture-resistant Packaging Market Companies

Major players operating in the industry are:

Amcor
Berry Global Group
Clifton Packaging Group
Constantia Flexibles Group
Cosmo Films
DS Smith
Glenroy
International Paper Company
Mondi Group
Nicholas Paper Products Company
ProAmpac
Safepack
Sigma Plastics Group
Smurfit Kappa Group
Sonoco Products Company
Transcontinental
UFlex
UPM Global
WestRock Company

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market size for moisture-resistant packaging was valued at USD 27.6 billion in 2023 and is estimated to grow at a CAGR of over 5% from 2024 to 2032, driven by increasing consumer demand for sustainable and durable packaging solutions.

The flexible packaging segment is expected to reach a value of over USD 20 billion by 2032 due to its high versatility and cost-effectiveness.

North America held over 35% of the global moisture-resistant packaging market in 2023, driven by the significant expansion of e-commerce in the U.S.

China's industry is experiencing rapid growth due to the booming e-commerce sector and increasing consumer demand for high-quality packaged goods.

Key players in the industry include Amcor, Berry Global Group, Clifton Packaging Group, Constantia Flexibles Group, Cosmo Films, DS Smith, Glenroy, International Paper Company, Mondi Group, and Nicholas Paper Products Company.