Packaging has become a vital constituent of modern life due to the ease of transportation, storage and inclination of the consumer towards an extensive usage of bags. Moreover, food products, health supplements, and electronic components are some of the things that have witnessed improvements regarding demand over the last few years and are more readily available due to an efficient packaging solution. Oil resistant packaging is a effective that provides all the features for packaging for commodities that produces natural oil or oily in nature. The oil resistant packaging is prepared by incorporating cyclodextrin in or adjacent to a film layer of the package to reduce the secretion of oil through the packaging material, and particularly out of the package. Such packaging has been an excellent convenient for the masses for carrying and storing products which are greasy and oily in nature without any mess.
Oil Resistant Packaging Market: Drivers & Restraints
The growth of global oil resistant packaging market is driven by the demand for innovative packaging technologies from various end-user industries to make their products more appealing to consumers. Oil resistant packaging is mostly adopted by the food & beverage industry, fast food industries, dietary supplement industries where oil resistant packaging is used as a marketing tool by the manufacturers to make their product more appealing to consumers. Furthermore, the demand for FMCG (Fast-moving Consumer Goods) and the changing eating habits of the consumers towards packed snacks and confectioneries are further boosting the demand for oil resistant packaging market among the manufacturers globally.
On the plus side, macroeconomic factors such as the rise in disposable income of middle-class population leading to increased spending on various ready to eat products can be attributed to the growth of oil resistant packaging market globally. Trends prominent in the oil resistant packaging is the innovations, for instance, Zanders GmbH, a leading European company in packaging has been developing oil resistant packaging for packaging which along with oil resistant will also be water, aroma protection. However, complexities associated with different types of global oil resistant packaging might hamper the growth of global oil resistant packaging market.
Oil Resistant Packaging Market: Regional Outlook
Based on the geographies, global oil resistant packaging market is segmented into five regions — North America, Latin America, Europe, APAC, and the Middle East & Africa. Among the regions mentioned above, North America accounts for a significant share of oil resistant packaging market, owing to the demand for packaging technologies that garner consumer attentions among the manufacturers across the country. Furthermore, North America packaging industry’s position in the global packaging market is bolstering growth for oil resistant packaging in the region.
Moreover, the large chain of fast food industries and various other industry such as automobile industry in U.S. is acting as a catalyst for the growth of oil resistant packaging market in North America. Europe market for oil resistant packaging is next to that of North America for similar trends, which is followed by Asia-pacific and Middle-East & Africa for oil resistant packaging market. Latin America market for oil resistant packaging market is anticipated to register a sluggish growth over the forecast period. Overall, the global oil resistant packaging market is projected to register a healthy growth rate by the end of forecast period.
Global Oil Resistant Packaging Market: Key Players
Some of the major players identified in the global oil resistant packaging market include Zanders GmbH, Archroma, SNP, Inc., NTI, DuPont, michelman, inc., Sun Grown Packaging, Twin Rivers Paper Company profiling among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights : Detailed overview of parent market,Changing market dynamics in the industry,In-depth market segmentation,Historical, current and projected market size in terms of volume and value,Recent industry trends and developments,Competitive landscape,Strategies of key players and products offered,Potential and niche segments, geographical regions exhibiting promising growth,A neutral perspective on market performance,Must-have information for market players to sustain and enhance their market footprint.
