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Tertiary Packaging Market -Global Industry Analysis, Growth, Trends and Forecast 2016 - 2023
Market Research Reports Search Engine
, February 10, 2018 ) Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “
Tertiary Packaging Market
- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023”. Tertiary packaging is a type of wrapping which protects the manufactured products. Tertiary packaging is used to smooth the progress of the transport and safe handling of goods or grouped packaging. Transportation and protection of goods are the main purposes of tertiary packaging. Tertiary packaging prevents physical damage occurred during transport and faulty handling. Tertiary packaging of the goods changes with product type, mode of transportation and storage services.
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It also known as Outer packaging includes slip sheets, pallets, stretch wrap and strapping labels used for the shipment and distribution of goods. Transit or transport packaging are the other names by which it is known. Tertiary packaging is very rarely seen by the final consumer as it is removed by retailers. Distributors, warehouses and freight companies are the frequent users of tertiary packaging materials. Additionally, export companies are one of the major users of tertiary packaging. Some of the tertiary packaging is disposable while some can be reused. Corrugated brown carton is one of the most widely used tertiary packaging.
Tertiary Packaging Market: Drivers
The market for tertiary packaging was driven by various factors such as growing demand from logistics and warehousing activities, rise in export from China and other Asia countries and increasing trading activities. There is increasing demand for tertiary packaging from various end-users such as pharmaceutical, household appliances, personal care and food and beverages is projected to drive the global market in upcoming years. In pharmaceutical industry, tertiary packaging is used for bulk shipping of pharmaceuticals.
Containers and barrels are used as tertiary packaging in pharmaceutical industry. The consumers is more focused on environmental issues such as material reduction, light weighting and space saving. Increasing demand for light weight and sustainable tertiary packaging materials is expected to provide huge opportunity for tertiary packaging manufacturers. In warehousing and logistics, pallets are used as tertiary packaging. Stretch wrappers which are used to unitize pallet loads are also a type of tertiary packaging. Environmental and recycling issues of tertiary packaging materials are expected to hinder the growth of the market over the forecast period.
Tertiary Packaging Market: Region-wise Outlook
Asia Pacific is anticipated to be the fastest growing market for tertiary packaging in the next few years. Increasing demand for tertiary packaging from logistics and warehousing activates in developing countries such as India, Malaysia, Indonesia and Thailand. China is considered among the major consumer of tertiary packaging in Asia Pacific region. Asia Pacific was followed by Europe. Increasing demand for eco-friendly and low cost packaging is driving the demand for tertiary packaging in this region.
Western Europe is likely to be major consumer of tertiary packaging however, Russia and Central Europe is projected to show higher demand for tertiary packaging in near future. North America had third largest demand for tertiary packaging in 2013. U.S. dominated the demand for tertiary packaging in North America region. Increasing demand from consumer goods, personal care and food industry has been driving the demand for tertiary packaging in this region.
Mexico and Canada are likely to exhibit higher demand owing to increasing logistics activities. Rest of the world had the least share in tertiary packaging market. However, the scenario is expected to change over the forecast period with increasing warehousing and logistics activities in this region. Countries such as Argentina, Brazil, Saudi Arabia, Egypt and South Africa are showing rapid growth in the tertiary packaging market since the last few years. The market is expected to show significant growth in this region.
Some of the key manufacturers in the tertiary packaging market are WRAP, Deufol SE, Huhtamaki Group and Rexam PLC among others.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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About Market Research Reports Search Engine (MRRSE)
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
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