Sustainable, water and oilproof packaging solutions are revolutionizing the waterproof packaging industry. The new products with intensive care, precision, and packaging demand waterproof transportation solutions. Hence, higher connectivity and online product listing has also garnered market growth.
The waterproof packaging market is poised for steady growth with an anticipated average CAGR of 3.4% during the period from 2023 to 2033. By 2033, the market is forecasted to secure a substantial market share valued at US$ 969.43 billion, while in 2023, it is expected to have an initial value of US$ 693.92 billion.
The growing emphasis on preserving the quality and shelf life of goods during storage and transportation has further amplified the adoption of waterproof packaging solutions. These developments align with the overarching goal of ensuring product integrity and minimizing potential damage due to moisture, contributing to the market’s growth trajectory.
The increasing call for packaging solutions featuring robust barrier properties has been a substantial catalyst for the expansion of the waterproof packaging market over the years. This trend, emphasizing the need for reliable protection against moisture, is expected to persist and contribute to the market’s sustained growth throughout the forecast period.
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Market Growth Factors
The electronics industry places a strong emphasis on the safe handling and transportation of electronic products to prevent any damage during transit. As a standard practice, waterproof packaging is widely employed to mitigate the risk of short-circuits or other potential accidents.
The waterproof packaging market is set for continuous growth, driven by the expanding usage of electronic and electrical appliances, a global increase in per capita income, and the affordability of these appliances.
Moreover, the growing adoption of cutting-edge technologies like the Internet of Things (IoT) and artificial intelligence (AI) within the electronics and electrical sectors, coupled with advanced packaging solutions, is expected to provide further impetus to market growth. Additionally, the thriving export of electronic products worldwide is poised to drive demand for waterproof packaging, ensuring the safety and functionality of these valuable goods.
Key Features:
- Water-Resistant Materials: Waterproof packaging is typically made from materials that resist the penetration of water, such as plastic films, laminates, or coated papers.
- Sealable Closures: Packaging often includes sealable closures, such as zippers, heat seals, or adhesive closures, to create a tight barrier against moisture.
- Protective Coatings: Some waterproof packaging may have additional protective coatings or layers to enhance resistance to water, oils, and other liquids.
- Durability: Waterproof packaging is designed to be durable and resistant to tearing or puncturing, providing an added layer of protection during handling and transportation.
- Transparent Windows: In some cases, waterproof packaging may include transparent windows made from waterproof materials, allowing consumers to view the product without compromising its protection.
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Key Players
- CoolSeal USA
- Amcor plc
- Polycase
- Owens-Illinois Inc.
- Vetropack Group
- UFP Industrial
- Flex Films
- Dunmore Corporation
- Plaspack
- Alpha Packaging
- Graham Packaging
- Berry Global Group
- Tricor Braun
- Saverglass
- DK Group Inc.
- Foshan tengkai packing material Co. Ltd.
- Ball Corporation
- Weigand Glas
- Shagun Films Enterprises
- VSM Plast
Key Segments Covered
By Material:
- Plastic
- Metal
- Glass
By Packaging Type:
- Boxes
- Films
- Bags & Pouches
- Trays
- Others (Bottles, etc.)
By End Use:
- Food & Beverages
- Pharmaceutical
- Electrical & Electronics
- Cosmetic & Personal Care
- Others (Chemicals, Agriculture, etc.)
Key Regions Covered:
- North America
- United States
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
- Japan
- Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
- Middle East and Africa
- GCC Countries
- Israel
- South Africa
- Middle East and Africa (MEA)
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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.
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