The global moisture-resistant packaging market is on a robust growth trajectory, with a valuation of US$ 26.8 billion in 2022 and a projected compound annual growth rate (CAGR) of 4.5% from 2022 to 2032, ultimately reaching a substantial US$ 41.6 billion by 2032. The surging demand for moisture-resistant packaging can be attributed to its widespread adoption across diverse industries such as food & beverage, pharmaceuticals, electronics, and chemicals.
Expectations for this market are high, with the top three countries forecasted to collectively grasp a significant 25 to 30% market share by the close of 2022. The trajectory remains promising, as the need for protective and secure packaging solutions continues to rise, driving the moisture-resistant packaging market to expand by 1.6 times its current value during the forecast period, promising an incremental growth opportunity of US$ 14.8 billion by 2032.
Moisture-resistant packaging encompasses a range of products including bags & pouches, boxes, films, and trays, all designed to shield products from the detrimental effects of moisture, ensuring they remain in their original condition. Its prevalence is particularly pronounced in the food and beverage industries, where it plays a crucial role in preventing premature product deterioration, maintaining product quality, and meeting stringent packaging requirements.
Start Your Journey to In-Depth Understanding: Request a Report Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-7444
The overall sales of the moisture-resistant packaging market are predicted to propel with the top 3 countries which are projected to account for approximately 25-30% of the market by the end of 2022. In addition to that, there is a significant surge in the demand for protective and safe packaging solutions, the moisture-resistant packaging market will expand by 1.6 times the current market value during the forecast period (2022-2032).
The market is expected to create an incremental growth opportunity of US$ 14.8 Bn by the end of 2032. Furthermore, the increasing popularity of moisture-resistant packaging across various industries like electronics, pharmaceutical, cosmetics & personal care, and chemicals due to its convenient and safe nature is expected to boost sales in the market through 2032.
The moisture-resistant packaging market is known as a type of protective packaging comprising several products like bags & pouches, boxes, films, and trays that protect products from moisture and helps to keep stored or transported products in their original condition. This type of packaging solution is excessively used across the food and beverage industries which helps in preventing the premature deterioration of products.
Such moisture-resistant packaging solutions assist electronic manufacturers to prevent products from rusting and damage throughout storage and transportation. It is efficient for products that are susceptible to degradation because of moisture. Therefore, the expansion of diverse industries such as food, electronics, chemical, and pharmaceutical will facilitate the growth in the market.
Key Takeaways
- Rising inclination towards paper-based packaging, recyclable packaging, and compostable packaging is increasing as per the shift in consumer preferences. Moisture-resistant packaging solutions comprise bags & pouches, and films, among others that are not fully recyclable. Plastic-based packaging solutions have comparatively lower recycling efficiency and are also difficult to process again. The recycling of multi-layer packaging is more difficult than mono-layer packaging solutions and paper-based products.
- The rising environmental impact of plant-based materials may hamper the growth of the moisture-resistant packaging market. This has resulted in a complete shift of preference toward biodegradable (plant-based) moisture-resistant packaging solutions from both manufacturer’s and consumers’ end. This is expected to boost the global market during the forecast period.
- Rising preference for safe, protective, and antibacterial packaging is on the rise focusing on reducing the risk of food poisoning. Also, rising consciousness about health is propelling the consumption of packaged food products over open food ones. Considering these factors, the moisture-resistant packaging market is expected to grow at a fast pace during the projection period.
- Moreover, a significant rise in the penetration of online food platforms witnessed by the increasing consumption of processed foods has created the need for safe and protective packaging solutions. Manufacturers and producers are able to create a good impact by using moisture-resistant packaging solutions in the consumer’s eye. Therefore, growing demand for safe and protective packaging is anticipated to create growth opportunities for manufacturers of moisture-resistant packaging.
- Moisture-resistant packaging protects moisture-sensitive products during storage and transportation. The moisture-resistant packaging includes a variety of bags, pouches, box trays, and bottles.
Have burning questions? Get answers from our analyst today: https://www.futuremarketinsights.com/askus/rep-gb-7444
Competitive Landscape
Dominant manufacturers within the global moisture-resistant packaging market are concentrating on expanding their presence, portfolio, capacity, and resources in order to meet the increasing demand for packaging in various regions. They are adopting strategies such as new product launches, mergers, acquisitions, partnerships, and facility expansions to gain a competitive edge in the market.
More Insights into the Moisture-resistant Packaging Market
The United States is expected to account for around 82% of the total share of the moisture-resistant packaging market throughout the assessment period. Growth in the U.S. is attributed to the growing focus on protecting moisture-sensitive products during storage and transportation, and the heavy presence of leading manufacturers.
Moisture-resistant Packaging Industry by Category
By Material:
- Plastic
- Glass
- Metal
- Paper & Paperboard
By Packaging Type:
- Bags and Pouches
- Films
- Bottles & Jars
- Trays & Clamshells
- Others (Boxes, Cartons, etc.)
By End Use:
- Food & Beverage
- Pharmaceutical
- Electrical and Electronics
- Cosmetics & Personal Care
- Chemical & Fertilizer
- Others Consumer Goods
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube