Micro Packaging Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Mar 2022

Pages: 120

SKU: IRTNTR72238

Snapshot

The micro packaging market share is expected to increase by USD 1.35 billion from 2021 to 2026, at a CAGR of 16.81%.

This micro packaging market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers micro packaging market segmentation by end-user (food and beverage, pharmaceuticals, personal care, and others) and geography (North America, APAC, Europe, and South America). The micro packaging market report also offers information on several market vendors, including Aera SA, Amcor Plc, Amerplast Ltd., A-ROO Co. LLC, Avery Dennison Corp., Avient Corp., Bayer AG, Berry Global Inc., Bollore Inc., Chengde Technology Co. Ltd., FlexPak Services, Graham Packaging Co., Honeywell International Inc., Mondi Group, ProAmpac Intermediate Inc., TCL Packaging, Tetra Laval International SA, Thermo Fisher Scientific Inc., UFlex Ltd., and Ultraperf Technologies Inc. among others.

What will the Micro Packaging Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Micro Packaging Market Size for the Forecast Period and Other Important Statistics

Micro Packaging Market: Key Drivers, Trends, and Challenges

The increasing usage in the pharmaceutical industry is notably driving the micro packaging market growth, although factors such as the hazards of nanotechnology in food packaging may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the micro packaging industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Micro Packaging Market Driver

The increasing usage in the pharmaceutical industry is one of the key drivers supporting the micro packaging market growth. The emergence of new biochemical compounds has led to the need for enhanced protection. Micro packaging materials offer protection to these compounds against factors such as heat, moisture, oxygen, light, and mechanical forces. Thus, micro packaging materials such as nanocoatings and nanocomposite-based packaging films are ideal for packing pharmaceutical drugs. They offer various benefits such as delay in oxidation, control of microbial growth, and improvement in tamper visibility. For instance, in April 2021, Amcor launched the new AmSky blister system, which is a recyclable polyethylene-based thermoform blister packaging. The company claims that the product generates up to 70% less carbon footprint than other alternatives such as PVC-based packaging materials. Such initiations are driving market growth.

Key Micro Packaging Market Trend

Usage of renewable fibers and bio-based materials for packaging is another factor supporting the micro packaging market growth. These bio-based materials are derived from organic matter and renewable vegetal sources. They include starch, cellulose, chitosan, proteins, and polymers produced from bio-based monomers. Furthermore, to cater to the change in consumer preference and demand for plant-based packaging, manufacturers of food and beverage products are increasingly exploring alternatives to plastic-based packaging materials such as plant-based fibers. For instance, micro-fibrillated cellulose (MFC) is a plant-based fiber and is used as a packaging material. The implementation of such alternatives can improve the packaging techniques in the market. Such factors will contribute to the growth of the global micro packaging market during the forecast period.

Key Micro Packaging Market Challenge

The hazards of nanotechnology in food packaging is one of the factors hindering the micro packaging market growth. The materials used to manufacture food and beverage packagings, such as polylactic acid (PLA) and linear low-density polyethylene (LLDPE), are integrated with the nanomaterials. Thus, there is a migration of nanomaterials to food products through PLA and LLDPE based packaging. Similarly, the migration of styrene monomer from polystyrene-based food packaging into food products have been reported. Factors such as the storage conditions of food products and food characteristics such as moisture and fat content can lead to increased migration of monomer into the food product. The transfer of these nanomaterials to food products and the health hazards posed by the consumption of these nanomaterials act as a market challenge. Thus, such factors are expected to negatively impact the growth of the global micro packaging market during the forecast period.

This micro packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global micro packaging market as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the micro packaging market during the forecast period.

Who are the Major Micro Packaging Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the micro packaging market encompasses successful business strategies deployed by the key vendors. The micro packaging market is fragmented and the vendors are deploying growth strategies such as product offerings through clear and unique value propositions to compete in the market.

Product Insights and News

Amcor Plc is a public company headquartered in Switzerland. It is a global company generating $12,861 million in revenues and has around 46,000 employees. Its revenue from the global micro packaging market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
Amcor Plc - The company offers products such as MicroPrint.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The micro packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Micro Packaging Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the micro packaging market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Micro Packaging Market?

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39% of the market's growth will originate from North America during the forecast period. The US is the key market for micro packaging market in North America. Market growth in this region will be slower than the growth of the market in APAC.

The growing food and beverage industry will facilitate the micro packaging market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 positively impacted the regional micro packaging market. Moreover, in 2021, with the introduction of COVID-19 vaccines, the number of COVID-19 cases reduced, which led to the lifting of COVID-19-related restrictions in the region. This led to a further increase in consumption of packaged food and beverage in the region. Therefore, the regional micro packaging market is expected to have a positive impact during the forecast period.

What are the Revenue-generating End-user Segments in the Micro Packaging Market?

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The micro packaging market share growth by the food and beverage segment will be significant during the forecast period. Several leading companies in the global food and beverage industry are increasingly adopting sustainable methods of packaging. They are making use of micro packaging to keep their products fresh during transit and ensure that the shelf life of their products is maintained. Through micro packaging, food and beverage products can be packaged into paper bags, pouches/sachets, glass and liquid cartons, strip packs, among others. Such factors are increasing the demand for micro packaging, thereby boosting the market growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the micro packaging market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in:

North America Flexible Packaging market - The market share is expected to increase by USD 14.41 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.66%.

Perforated Packaging Film market - The market share is expected to increase to USD 665.78 million from 2021 to 2026, at a CAGR of 5.1%.

Flexible Industrial Packaging market - The market share is expected to increase by USD 594.77 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.16%.

Micro Packaging Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 16.81%
Market growth 2022-2026	$ 1.35 billion
Market structure	Fragmented
YoY growth (%)	18.97
Regional analysis	North America, APAC, Europe, and South America
Performing market contribution	North America at 39%
Key consumer countries	US, China, Japan, Germany, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Aera SA, Amcor Plc, Amerplast Ltd., A-ROO Co. LLC, Avery Dennison Corp., Avient Corp., Bayer AG, Berry Global Inc., Bollore Inc., Chengde Technology Co. Ltd., FlexPak Services, Graham Packaging Co., Honeywell International Inc., Mondi Group, ProAmpac Intermediate Inc., TCL Packaging, Tetra Laval International SA, Thermo Fisher Scientific Inc., UFlex Ltd., and Ultraperf Technologies Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Micro Packaging Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive micro packaging market growth during the next five years
Precise estimation of the micro packaging market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the micro packaging industry across North America, APAC, Europe, and South America
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of micro packaging market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user

5.3 Food and beverage - Market size and forecast 2021-2026
- Exhibit 28: Chart on Food and beverage - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Food and beverage - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Food and beverage - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Food and beverage - Year-over-year growth 2021-2026 (%)

5.4 Pharmaceuticals - Market size and forecast 2021-2026
- Exhibit 32: Chart on Pharmaceuticals - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Pharmaceuticals - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Pharmaceuticals - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Pharmaceuticals - Year-over-year growth 2021-2026 (%)

5.5 Personal care - Market size and forecast 2021-2026
- Exhibit 36: Chart on Personal care - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Personal care - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Personal care - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Personal care - Year-over-year growth 2021-2026 (%)

5.6 Others - Market size and forecast 2021-2026
- Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.7 Market opportunity by End-user
- Exhibit 44: Market opportunity by End-user ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Japan - Market size and forecast 2021-2026
- Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.11 Germany - Market size and forecast 2021-2026
- Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.12 France - Market size and forecast 2021-2026
- Exhibit 86: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on France - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption

9.4 Industry risks
- Exhibit 94: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 95: Vendors covered

10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification

10.3 Amcor Plc
- Exhibit 97: Amcor Plc - Overview
- Exhibit 98: Amcor Plc - Business segments
- Exhibit 99: Amcor Plc - Key news
- Exhibit 100: Amcor Plc - Key offerings
- Exhibit 101: Amcor Plc - Segment focus

10.4 Avery Dennison Corp.
- Exhibit 102: Avery Dennison Corp. - Overview
- Exhibit 103: Avery Dennison Corp. - Business segments
- Exhibit 104: Avery Dennison Corp. - Key news
- Exhibit 105: Avery Dennison Corp. - Key offerings
- Exhibit 106: Avery Dennison Corp. - Segment focus

10.5 Bayer AG
- Exhibit 107: Bayer AG - Overview
- Exhibit 108: Bayer AG - Business segments
- Exhibit 109: Bayer AG - Key news
- Exhibit 110: Bayer AG - Key offerings
- Exhibit 111: Bayer AG - Segment focus

10.6 Berry Global Inc.
- Exhibit 112: Berry Global Inc. - Overview
- Exhibit 113: Berry Global Inc. - Business segments
- Exhibit 114: Berry Global Inc. - Key offerings
- Exhibit 115: Berry Global Inc. - Segment focus

10.7 Graham Packaging Co.
- Exhibit 116: Graham Packaging Co. - Overview
- Exhibit 117: Graham Packaging Co. - Product / Service
- Exhibit 118: Graham Packaging Co. - Key offerings

10.8 Honeywell International Inc.
- Exhibit 119: Honeywell International Inc. - Overview
- Exhibit 120: Honeywell International Inc. - Business segments
- Exhibit 121: Honeywell International Inc. - Key news
- Exhibit 122: Honeywell International Inc. - Key offerings
- Exhibit 123: Honeywell International Inc. - Segment focus

10.9 Mondi Group
- Exhibit 124: Mondi Group - Overview
- Exhibit 125: Mondi Group - Business segments
- Exhibit 126: Mondi Group - Key news
- Exhibit 127: Mondi Group - Key offerings
- Exhibit 128: Mondi Group - Segment focus

10.10 ProAmpac Intermediate Inc.
- Exhibit 129: ProAmpac Intermediate Inc. - Overview
- Exhibit 130: ProAmpac Intermediate Inc. - Product / Service
- Exhibit 131: ProAmpac Intermediate Inc. - Key news
- Exhibit 132: ProAmpac Intermediate Inc. - Key offerings

10.11 Tetra Laval International SA
- Exhibit 133: Tetra Laval International SA - Overview
- Exhibit 134: Tetra Laval International SA - Business segments
- Exhibit 135: Tetra Laval International SA - Key news
- Exhibit 136: Tetra Laval International SA - Key offerings
- Exhibit 137: Tetra Laval International SA - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 138: Inclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 139: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 140: Research methodology
- Exhibit 141: Validation techniques employed for market sizing
- Exhibit 142: Information sources

11.5 List of abbreviations
- Exhibit 143: List of abbreviations

End-user: Includes food and beverages, beauty and personal care, healthcare, homecare, pet food, industrial (paint, chemicals, and oils), and decorative packaging;

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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