The global moisture-resistant packaging market is set to witness a valuation of US$ 26.8 Billion in 2022, registering a 4.5% CAGR between 2022 and 2032, surpassing US$ 41.6 Billion by 2032. Out of this, the U.K moisture-resistant packaging market is expected to project a CAGR of 3.9% from 2022 to 2032. Changing lifestyles and alternative eating habits are anticipated to boost demand for convenience food products, thus positively contributing to the industry demand. Factors such as convenience and the use of high-performance materials are expected to aid the industry’s growth.
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Improved shelf-life, coupled with increased efficiency in the prevention of contamination, is expected to boost the growth of the industry. In addition, factors such as increasing population, the surge in disposable income, and rising individual households have a positive impact on industry growth.
The pandemic had a significant impact on people’s lives and income sources. It also hampered EU industries and the GDP of the region. Short and long-distance mobility foundations across the continent resulted in a decline in production and considerable disruption in supply chains.
Extensive Use of Moisture-Resistant Packaging in the Cosmetic Personal Care Industry
The moisture-resistant packaging is underpinned by the growth of the cosmetic and personal care sector. Glass material is generally used in cosmetic and personal care products as it is an excellent choice for luxury or high-end cosmetic products. Due to this reason, it enhances the aesthetic and crystalline appearance.
Additionally, awareness of daily care products has increased, which leads to growing sales of cosmetic and personal care products. A numerous variety of newly developed cosmetic products are available in the world, which require to be packed and distributed with utmost care which raises the market growth for moisture-resistant packaging.
Key Takeaways:
- Plastic emerged as the leading material segment in the UK with a revenue share of over 35.1% in 2021.
- The food beverages segment is expected to remain the leading category in terms of the end-user segment. It will generate an incremental opportunity of around US$ 87.9 Million during the forecast period.
- Consumers shifted from the physical mode of shopping to the online mode in the post-pandemic period. This proved to be a boon for the moisture-resistant packaging market
- Expansion of diverse industries such as food, chemical, electronics, and pharmaceutical will encourage growth in the market.
- Due to the strong market grip of e-commerce and food-related industries in the region, the market of moisture-resistant packaging is showing lucrative opportunities.
- Increasing popularity of online food platforms combined with increased consumption of processed foods has created space for market expansion.
Competitive Landscape
The competitive players in the waterproof packaging market are- Amcor plc, Polycase, Owens-Illinois Inc., CoolSeal USA, Dunmore Corporation, Ball Corporation, Vetropack Group, UFP Industrial, Fkex Films, and Berry Global Group.
Some of the other noticeable players in the market are- Alpha Packaging, Graham Packaging, Plaspack, Tricor Braun, Saverglass, DK Group Inc., Foshan tengkai packing material Co., Ltd., Weigand Glas, and others.
