Global COVID-19 Impact on Packaging Market Thriving E-commerce Sector Worldwide- Trends, Analysis and Forecast 2019-2029

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Published Date: May 2023

The COVID-19 impact on packaging market accounted for US$ 900 billion in 2019 and is estimated to be US$ 1371.4 billion by 2029 and is anticipated to register a CAGR of 4.3%

The report "Global COVID-19 Impact on Packaging Market, By Product Type (Floor Cleaners, Glass Cleaners, Metal Cleaners, Toilet Bowl Cleaners, and Wood Cleaners), By Form (Liquids, Powders, and Sprays), By Distribution Channel (Offline Mode and Online Mode), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

Key Highlights:

In March 2020, Ball Corporation entered into a purchase agreement to acquire Tubex Industria E Comercio de Embalagens Ltda, an aluminum aerosol packaging business with a plant near Sao Paolo, Brazil, along with associated contracts and other related assets for $80 million, plus a potential earn out.
In March 2020, Bizongo has partnered with United Way, a non-profit organization, to supply PPE kits for healthcare facilities. The company has also launched a microsite with live tracking of demand and supply due to the COVID-19 outbreak
In January 2020, Amcor is pleased to announce its partnership with Moda vacuum packaging systems in North America and Latin America. By combining Amcor’s shrink bag and rollstock film for meat and cheese with Moda’s system, producers can gain operational efficiencies and drive total cost savings.

Analyst View:

Rising e-commerce sales

Due the outbreak of COVID-19 pandemic, most physical retail stores were closed during lockdown. Therefore, online orders are booming as retailers attempt to keep sales going. Whereas, other retailers who do not have conventionally strong online presence have also been forced to shift their business model to e-commerce to ensure survival. Thus, as a result, the need of e-commerce specific packaging is strong. Now, the focus of retailers is on delivery products safely to consumers. Hence, the importance of packaging that provides the protection of goods through resistance technology has been more crucial. Retailers are involving in decreasing the risk of product loss or damage to limit the potential of financial losses and returns. Further, the major factor propelling the growth of the packaging industry include the increased demand for FMCG and pharmaceutical packaging.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global COVID-19 Impact on Packaging Market”, By Product Type (Floor Cleaners, Glass Cleaners, Metal Cleaners, Toilet Bowl Cleaners, and Wood Cleaners), By Form (Liquids, Powders, and Sprays), By Distribution Channel (Offline Mode and Online Mode), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029

Key Market Insights from the report:

The global COVID-19 impact on packaging market accounted for US$ 900 billion in 2019 and is estimated to be US$ 1371.4 billion by 2029 and is anticipated to register a CAGR of 4.3%. The market report has been segmented on the basis of material type, application, and region.

By material type, plastic is expected to dominate the packaging market over the forecast period. Plastic is termed to be very necessary, and several measures are being taken to either stop the implementation of state-wide ban laws or temporarily roll back single-use plastic bag bans. Since the demand from many end-use industries is rising, the use of plastic packaging will also see a substantial growth during this crisis.
By application, healthcare is one of the rapidly-growing segments among this pandemic. During the COVID-19 pandemic, local and states municipalities are undertaking extreme caution to limit the spread of the coronavirus. Healthcare products, such as vials, syringes, and cartridges, are needed on a large scale amidst this pandemic to meet the growing global demand worldwide.
By region,

Competitive Landscape:

The prominent player operating in the global COVID-19 impact on packaging market includes Amcor, Ball Corporation, Bizongo, Tetra Pak, International Paper, DS Smith Plc, Mondi Group, Macfarlane Group Plc, Berry Global Inc., and Smurfit Kappa.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period