Packaging is becoming a vital constituent of modern life due to the ease of transportation, storage and inclination of the consumer towards an extensive usage of bags. The recent growth in e-commerce is accelerating the demand for intelligent packaging solutions like oil resistant packaging owing to the fact that it 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.
Future Market Insights recent study suggests that the growth of the 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.
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FMI indicated that 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 the middle-class population leading to increased spending on various ready to eat products can be attributed to the growth of the oil resistant packaging market globally.
Research shows great potential of oil resistant packaging that provides all the features for packaging for commodities that produce natural oil or oily in nature.
In addition to this, it also highlights the features such as-
- Excellent convenience for carrying and storing products
- Increasing output with the same workforce
- Resilience and adaptability to business disruptions
- Customer experience
- Employee experience
- Revenue and profit growth
- Business model innovation
To reach potential outcomes, organizations are investing in intelligent and innovative packaging solutions. 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 the global oil resistant packaging market.
Not just organizations, but various regions of the world are pushing their limits to attain maximum growth in the industry. For instance, the large chain of fast food industries and various other industries such as the automobile industry in the U.S. is acting as a catalyst for the growth of the oil resistant packaging market in North America.
As intelligent packaging increasingly becomes an integral component of manufacturers as they evolve their portfolios and expand their capabilities in these dimensions and several others to meet a broader range of customer needs. Successful organizations partner with providers that understand their maturity, offer appropriate solutions, and provide insight to improve packaging solutions and deliver better business outcomes.
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.
Global Oil Resistant Packaging Market: Segmentation
The global oil resistant packaging market is segmented on the basis of oil resistant packaging types, applications and region.
On the basis of oil resistant packaging types, the global oil resistant packaging market is segmented into:
- Paper
- Bag
- Laminations
- Boxes
On the basis of applications, the global oil resistant packaging market is segmented into
- Packed Snacks
- Beverages
- Confectioneries
- Cosmetics
- Pharmaceuticals
- Industrial
