How will the Growing Urban Population across the Global Drive the Market Growth of Clamshell Packaging?
The Global Clamshell Packaging Market, as analyzed by Future Market Insights (FMI), showcases robust growth prospects. The market is estimated at US$ 9.9 billion in 2022, projected to reach US$ 12.6 billion by 2028, with a steady 4% CAGR between 2022 and 2028. Volume-wise, the market is expected to expand at a 3.8% CAGR during the forecast period.
FMI’s analysis highlights a promising 4.6% year-on-year growth in 2022, with the APEJ region holding a substantial 31% market share. Notably, China’s clamshell packaging market is set for impressive 7.7% year-on-year growth in 2022, contributing to the region’s dynamic performance. The entire APEJ region is projected to achieve total sales of US$ 3.1 billion in 2022. These statistics underscore the thriving nature of the clamshell packaging market, fueled by evolving consumer preferences and industry demands.
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Growth Drivers in Clamshell Packaging Market:
Clamshell packaging is a type of packaging that is made up of two joined pieces of material that surround and protect the product. The material used for clamshell packaging can be plastic, paper, or a combination of both. Clamshell packaging is often used for products that need to be protected from moisture, air, or light.
The food industry is the largest end-use industry for clamshell packaging. Clamshell packaging is used to package a wide variety of food products, such as fruits, vegetables, meat, seafood, and dairy products. Clamshell packaging helps to protect food products from contamination and spoilage. It also helps to extend the shelf life of food products.
The cosmetics & personal care industry is another major end-use industry for clamshell packaging. Clamshell packaging is used to package a wide variety of cosmetics and personal care products, such as makeup, skincare products, and haircare products. Clamshell packaging helps to protect cosmetics and personal care products from contamination and spoilage. It also helps to enhance the appearance of the products.
The healthcare industry is also a major end-use industry for clamshell packaging. Clamshell packaging is used to package a wide variety of healthcare products, such as prescription drugs, over-the-counter medications, and medical devices. Clamshell packaging helps to protect healthcare products from contamination and spoilage. It also helps to ensure the safety and efficacy of the products.
The electronics industry is a growing end-use industry for clamshell packaging. Clamshell packaging is used to package a wide variety of electronic devices, such as smartphones, tablets, and laptops. Clamshell packaging helps to protect electronic devices from damage. It also helps to enhance the appearance of the devices.
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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.
Feb 12, 2024