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.
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Main market dynamics:
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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.
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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.
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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.
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Clamshell Packaging Market Scope |
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Report coverage |
Details |
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Page number |
120 |
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Reference year |
2021 |
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Forecast period |
2022-2026 |
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Moment of growth and CAGR |
Accelerate to 3.77% CAGR |
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Market growth 2022-2026 |
$ 2.35 billion |
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Market structure |
Fragmented |
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Year-on-year growth (%) |
3.43 |
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Regional analysis |
APAC, North America, Europe, South America and the Middle East and Africa |
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Contribution of the performing market |
34% APAC |
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Key consumer countries |
United States, China, Japan, India and the United Kingdom |
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Competitive landscape |
Leading companies, competitive strategies, area of consumer involvement |
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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. |
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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. |
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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
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E-mail:[email protected]navio.com
Website: www.technavio.com/
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SOURCE Technavio