Cluster packaging is a type of packaging that groups several individual products together into a single unit for retail sale. This type of packaging is commonly used in the food and beverage industry, where it is used to package items such as snack foods, beverages, and condiments. Cluster packaging provides a number of benefits, including convenience, product protection, and increased sales through improved product visibility and marketing.
The cluster packaging industry, which is expected to reach a value of US$ 5.71 billion in 2022, will develop steadily from 2022 to 2032. According to a report released by Future Market Insights, the market is anticipated to grow at a CAGR of 5% and reach US$ 9.3 billion.
One of the key drivers of this market growth is the increasing demand for sustainable packaging solutions. Consumers are increasingly looking for packaging that is eco-friendly, recyclable, and biodegradable, and cluster packaging made from materials such as paper and cardboard are becoming increasingly popular.
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Another factor driving the growth of the cluster packaging market is the trend towards smaller and more convenient packaging sizes. Cluster packaging allows for the grouping of smaller products together into a single unit, making it easier for consumers to purchase and transport these items.
The Asia-Pacific region is expected to be the largest market for cluster packaging during the forecast period, driven by the growing demand for packaged foods and the increasing adoption of convenience products in countries such as China and India. North America and Europe are also expected to be significant markets, as these regions have well-established food and beverage industries that are increasingly adopting sustainable and innovative packaging solutions.
In conclusion, the cluster packaging market is a growing segment of the food and beverage industry, driven by the increasing demand for convenient, sustainable, and visually appealing packaging solutions.
Cluster Packaging Market – Market Dynamics
Growth in demand for cluster packaging is expected to grow steadily for several reasons. One of them is increasing demand for flexible packaging which is driving the growth of the cluster packaging market.
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Another important factor contributing towards the growth of cluster packaging market are, expanded use of bulk products, higher value packaging that offer better performance and are more cost effective than smaller packaging with shorter term service capability. In addition the reusability feature of the pack is also contributing to the growth of cluster packaging market. Growing awareness of environmental issues is also a growth strategy that key players of cluster packaging market are adopting.
Many regulatory bodies such as the European Food Safety Authority and U.S. FDA have implemented various regulations for the use of safe and eco-friendly products, mostly in the food industry. Also, the high initial cost of cluster packaging material is considered as another restraining factor towards the growth of cluster packaging market.
Cluster Packaging Market- Major Players
Some of the key players of the global cluster packaging market are Westrock, Wipak, Mondi Group, PET Power, Smurfit Kappa Group PLC, Gerresheimer AG, and Klöckner Pentaplast GmbH & Co. KG., Graham Packaging, Berry Plastic Group Inc., Alpha Packaging, Constar International, Dunmore, Yantai City Fushan District Long Tai Plastic Co., Linyi City Qingwen Plastic Products Factory, Laizhou Meiao Industry And Trade Co., Ltd., Yixing City Xingfei Bulk Bag Co., Ltd., Shanghai Wellzone Packaging Co., Limited.
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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The research report provides analysis and information according to market segments such as geography, material type, product type, packaging style, number of tier type and end use.
Cluster Packaging Market- Market Segmentation
The global cluster packaging market can be segmented on the basis of material type, product type, packaging style, number of tier type, end-use and by region. On the basis of material type cluster packaging market can be segmented into paper & paperboard, plastic, and others.
Further paper & paperboard can be categorized into corrugated paper, Kraft paper, poly coated paper, folding box board and others. On the basis of product type cluster packaging market can be segmented into bottles & jars, cans, containers, boxes, cups, and others.
On the basis of packaging style cluster packaging market can be segmented into neck-through style, over the top style, handle based style, cluster sleeve style, cluster side style and others. On the basis of number of tiers, cluster packaging market can be segmented into single tier cluster packaging and multiple tier cluster packaging.
On the basis of end use cluster packaging market can be segmented into food, beverages, pharmaceuticals & healthcare, personal care and cosmetics industry, industrial goods and others. On the basis of region, cluster packaging market can be segmented into North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa.
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