Micro packaging is made from nano materials such as nano coatings and films. These packaging helps to enhance the shelf life by increasing the stability of the product. It is resistant to water, heat and light. It has the ability to improve the visibility by controlling the growth of the microbial. These packaging have a wide application in food and beverages industry, healthcare industry among others.
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Strategic launches of products and expansion of businesses undertaken by market players:
The market is segmented on the basis of function as protective function, storage function, loading and transport function, sales function, promotional function, service function, guarantee function, additional function; types of packaging as paper and board, corrugated boxes, boxboard, flexible paper, glass, liquid cartons, metal packaging, cartons, paper-based containers, other packaging; end- use as food & beverage industry, personal care & cosmetics industry, pharmaceutical industry
“According to Data Bridge Market Research, Global Micro Packaging Market is expected to growing with a healthy CAGR of 15.97% during the forecast period of 2019 to 2026”
Some of the major players operating in market are Amcor Limited, AVERY DENNISON CORPORATION., Bayer AG, Tetra Pak International S.A., Alcoa Corporation, Beijing ChamGo Nano-Tech Co.,Ltd, Honeywell International Inc, InMat Inc., PolyOne Corporation, A-ROO COMPANY LLC., Helion Industries, FlexPak Services, LLC., Amerplast, Ultraperf Technologies Inc, Ajover S.A.S, Verdict Media Limited, LC Packaging, Thermo-Pack Kunststoff-Folien GmbH.
With the focus to enhance the material that can be sustained for longer period of time or products that can be biodegradable over a period of time rather impacting a negative change on the environment, the manufacturers of micro packaging have been promoting the products that created a positive impact on the environment or sustainable.
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Global Micro Packaging Market – Industry Trends and Forecast to 2026