Growth variation of $ 2.35 billion in clamshell packaging market with 34% of the APAC contribution

Growth variation of $ 2.35 billion in clamshell packaging market with 34% of the APAC contribution

NEW YORK, August 5, 2022 / PRNewswire / – The “Clamshell Packaging Market by end user and geography – Forecasts and analyzes 2022-2026“has been added to Technavio’s offering. With ISO 9001: 2015 certification, Technavio is proud to have partnered with over 100 Fortune 500 companies for over 16 years. The potential growth gap for the clamshell packaging market between 2021 and 2026 is $ 2.35 billion, according to Technavio’s latest market analysis report. The report predicts that the market will witness accelerating growth momentum at a CAGR of 3.77% during the forecast period. Technavio ranks the global clamshell packaging market as part of the global metal and glass container market. Our report provides insights into value chain analysis for the Clamshell Packaging market, which suppliers can leverage to gain a competitive advantage during the forecast period.

Technavio announced its latest market research report titled Clamshell Packaging Market by End-user and Geography - Forecast and Analysis 2022-2026

Technavio announced its latest market research report titled Clamshell Packaging Market by End-user and Geography – Forecast and Analysis 2022-2026

For further market dynamics and their impact analysis, Read the FREE sample report

Main market dynamics:

  • Market Driver: One of the key factors driving the global growth of the clamshell packaging industry is the growth of multinational fast food chains. The growth of multinational fast food brands is increasing the adoption of affordable and affordable packaging materials, including clamshell packaging. For example, In May 2022Jubilant Foodworks Ltd., owner of the master franchisee for the Domino’s Pizza brand in India, Sri Lanka, BangladeshAnd Nepalannounced that in the fourth quarter of 2021 the company launched 80 new Domino’s Pizza in India. In January 2021, McDonald’s Corp. has announced plans to open nearly 500 restaurants in the United States and its International Operated Markets segments. These factors will have a positive impact on the growth of the global clamshell packaging market during the forecast period.

  • Market Challenge: One of the key challenges for the global growth of the clamshell packaging industry is the ban on expanded polystyrene (EPS) clamshell containers. The ban on EPS foam, often referred to as “polystyrene”, was signed into law in January 2022 from the New York state Department of Environmental Conservation. The law has imposed a ban on any single-use packaging material, including containers, designed to temporarily store and transport food or drink. The ban applies to restaurants, food trucks, grocery stores, schools and hospitals, with some exceptions, such as food pantries.

To learn about additional key factors, trends and challenges available with Technavio. View the sample report

Insights into market segments

The Clamshell Packaging Market Report is segmented by end user (food, electronics and others) and geography (APAC, North America, Europe, South AmericaAnd Middle East And Africa).

Insights into revenue-generating segments: The growth of the clamshell market share by the food segment will be significant during the forecast period. Changing lifestyles and eating habits are significant factors behind the growth of the packaged food industry around the world. Market vendors have seen an increase in their revenues generated from the sale of clamshell packaging. In 2021, with the introduction of COVID-19 vaccines, the number of COVID-19 cases decreased, which led to the lifting of restrictions linked to the pandemic. These factors have driven the demand for clamshell packaging and the segment is expected to see positive growth during the forecast period.

Regional opportunities: APAC will be the leading region with 34% of market growth during the forecast period. China, JapanAnd India are the key markets for APAC clamshell packaging. However, market growth in this region will be slower than market growth in other regions. Rapidly expanding end-user industries such as food and beverage, electronics and personal care will facilitate the growth of the clamshell packaging market in APAC during the forecast period.

View our sample report for further information on the contribution of all segments and on regional opportunities

Some companies mentioned with their offers

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Clamshell Packaging Market Scope

Report coverage

Details

Page number

120

Reference year

2021

Forecast period

2022-2026

Moment of growth and CAGR

Accelerate to 3.77% CAGR

Market growth 2022-2026

$ 2.35 billion

Market structure

Fragmented

Year-on-year growth (%)

3.43

Regional analysis

APAC, North America, Europe, South America and the Middle East and Africa

Contribution of the performing market

34% APAC

Key consumer countries

United States, China, Japan, India and the United Kingdom

Competitive landscape

Leading companies, competitive strategies, area of ​​consumer involvement

Profiled companies

Amcor Plc, Blisterpak Inc., Clearpack Engineering Inc., Creative Plastics, Dordan Manufacturing Co., Footprint LLC, Helmy Plastics, Lacerta Group Inc., Novolex Holdings LLC, Panic Plastics Inc., Parksons Packaging Ltd., Placon Corp., Plastic Ingenuity Inc., Prime Packaging LLC, QPC Pack, Sinclair and Rush Inc., Smurfit Kappa Group, Sonoco Products Co., Universal Plastics Group Inc., Walter Drake Inc., and WestRock Co.

Market dynamics

Core Market Analysis, Market Growth Inductors and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, and Market Condition Analysis for the Forecast Period.

Expertise for customization

If our report did not include the data you are looking for, you can contact our analysts and customize the segments.

Key topics covered:

Who we are

Technavio is a world-leading technological research and consultancy company. Their research and analysis focuses on emerging market trends and provides useful information to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of over 17,000 reports and counts, covering 800 technologies, in 50 countries. Their customer base is made up of businesses of all sizes, including more than 100 Fortune 500 companies. This growing customer base is based on Technavio’s comprehensive coverage, in-depth research and actionable market insights to identify opportunities in the existing and potential markets and assess their competitive positions within evolving market scenarios.

Contact
Technavio Research
Jesse Maida
Media and marketing executive
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United Kingdom: +44 203 893 3200
E-mail:[email protected]navio.com
Website: www.technavio.com/

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

Cision

Cision

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SOURCE Technavio

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