A detailed study on Protein Packaging market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.
The market for protein packaging is anticipated to reach a value of US$ 23.7 billion in 2022 and to grow at a CAGR of 4.5% from 2020 to 2028. The market for protein packaging is anticipated to reach a value of US$36.81 billion in 2032.
As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Protein Packaging market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Protein Packaging in the coming 10-years.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Protein Packaging
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Protein Packaging market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Protein Packaging Market Takeaways and Projections
- The U.S. is expected to lead the North America Protein Packaging market, projecting the fastest growth in the region between 2022-2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
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Report Benefits & Key Questions Answered
- Protein Packaging Historical Market Analysis: The detailed survey by FMI, examines key factors in the Protein Packaging market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Protein Packaging market for the forecast period 2022-2032.
- Protein Packaging Category & Segment Level Analysis: The category & segment level analysis conducted by FMI studies the market in terms of segments. It studies the vital dynamics across each segment and also highlights their growth prospects in the coming ten years.
- Protein Packaging Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Protein Packaging for the assessment period. As per the study, the demand for Protein Packaging will grow at a robust CAGR between 2022-2032.
- Protein Packaging Company & Brand Share Analysis: A recent study by FMI highlights a comprehensive list of leading market players and stakeholders in the global Protein Packaging market. It examines the business execution, cost structure analysis, and supply chain analysis, of Tier 1, Tier 2, and Tier 3 players for the forthcoming decade.
- Protein Packaging Market Trend Analysis: The latest study by FMI on the Protein Packaging market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Protein Packaging market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global Protein Packaging market. Some of the players in the global Protein Packaging market are Key players of the global protein packaging market are Flexifoil Packaging Pvt. Ltd., Swiss Pac Private Ltd., Amcor Limited, and DuPont
Protein Packaging Market: Market Segmentation
Global protein packaging market is segmented on the basis of packaging type, product type, raw materials, and geography. On the basis of packaging type, the global protein packaging market is segmented into rigid packaging and flexible packaging. Rigid packaging is further sub segmented into boxes, cartons, and canisters.
Flexible protein packaging is further sub segmented into stand up pouches, and side gusset bags. The demand for flexible packaging is more as compared to rigid packaging owing to its convenience and portability. Moreover, pouches are preferred more over other types of packaging as they require less warehouse space and use less plastic.
On the basis of product type, the global protein packaging market is segmented into protein bars, and protein powder, and protein shakes. On the basis of raw material used, the global protein packaging market is segmented into paperboard, and plastics. Plastics is largely preferred for protein packaging.
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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