Future Market Insights’ research predicts a promising trajectory for the global window packaging market, valuing it at US$ 4.5 billion in 2022, with a projected 4.5% CAGR driving its expansion to US$ 7.0 billion by 2032. The market’s growth is expected to be driven by various factors, including the top three countries accounting for around 35-40% of the market by the end of 2022.
Notably, the paper & paperboard segment is anticipated to maintain its dominance among the materials used for window packaging due to its convenience, enhanced product protection, and superior biodegradability compared to other options. This segment is poised to generate an incremental opportunity of US$ 1.3 billion from 2022 to 2032.
Within the context of the global packaging industry, the window packaging market contributes 0.1-2% to its overall value of US$ 980 billion in 2021. Future Market Insights’ analysis indicates that the market’s revenue reached US$ 4.7 billion in 2021, with projections pointing towards a substantial rise to US$ 7.6 billion by 2032, with a steady 4.5% CAGR during the forecast period.
Amidst changes in the food and packaging sector catalyzed by the pandemic, there has been a surge in demand for hygienic and contaminant-free packaging. This trend is anticipated to drive the window packaging market’s growth, propelling it to expand 1.6 times its present market value during the forecast period.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Window 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 Window packaging market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Window packaging Market Takeaways and Projections
- The U.S. is expected to lead the North America Window packaging market, projecting the fastest growth in the region between 2022 and 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
- Window packaging Historical Market Analysis: The detailed survey by FMI, examines key factors in the Window 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 Window packaging market for the forecast period 2022-2032.
- Window 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 Window packaging for the assessment period. As per the study, the demand for Window packaging will grow at a robust CAGR between 2022 and 2032.
- Window packaging Market Trend Analysis: The latest study by FMI on the Window 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.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Window packaging market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Window packaging Market by Category
By Material:
- Paper and Paperboard
- Plastic
- Glass
- Others (Wood, etc.)
By Product Type:
- Boxes & Cartons
- Pouches &Bags
- Mailers
By End Use:
- Food
- Beverages
- Cosmetics & Personal Care
- Garments and Apparels
- Electronics
- Others (Consumer Goods, etc.)
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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