Global market for stock clamshell packaging is projected to reach US$ 7,316.5 million revenue by 2026 end.
Albany, NY -- (SBWIRE) -- 02/02/2018 -- In the present time, many industries rely on stock clamshell packaging as it offers better safety to the product. Stock clamshell packaging is used to protect consumer goods and electronics to safeguard product durability and also to prevent damage. Market Research Hub (MRH) has publicized a new study titled "Stock Clamshell Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2026" to its vast archive, which clearly states that stock clamshell packaging market is likely to experience significant growth in the near future due to the increasing demand from small and big companies. Various manufacturers are also developing the product with the focus on providing convenience and ease of use to consumers, thus gaining huge momentum in the global market.
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This 170-pages report consists of market size, Y-o-Y growth and CAGR of the stock clamshell packaging market during the projected period of 2017-2026. In addition, the report majorly covers different sections on market definition, market dynamics including the key drivers, restraints and trends that are governing the market.
In the initial section, the research presents detailed market overview covering market segmentation by material type, product type and application. For a clear understanding, the research study broadly classifies the global stock clamshell packaging market into Latin America, Japan, Europe, North America, MEA and APEJ. According to the research major findings, the global stock clamshell packaging market is expected to witness healthy growth, registering 6.3% CAGR during 2017-2026. The global stock clamshell packaging is also estimated to bring in US$ 7,316.5 million revenue by the end of 2026. Geographically, Asia Pacific Excluding Japan (APEJ) is expected to be the major region in terms of value in the global stock clamshell market. Rising number of brands selling products through e-commerce is fueling the demand for stock clamshell packaging in APEJ region.
Stock clamshell packaging is a form of rigid packaging made using paperboard or plastic. Protecting product from damage, stock clamshell packaging is widely used in electronics, food industry, and packaging various consumer goods. Some major applications mentioned in the study are pharmaceuticals, veterinary & nutraceuticals, medical devices, industrial goods, electrical & electronics goods. As per the report, the pharmaceuticals is expected to be among the largest users of the stock clamshell packaging throughout the forecast period.
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One of the prime factors behind this market growth includes growing manufactures investments. With the increasing focus on protecting the environment, manufacturers are investing in the research and development to come up with the material solution that is eco-friendly and safe to be used for packaging various products.
The product type segmentation is further divided into trifold, quad-fold, and other product types. Of these, Quad-fold is expected to be the largest product type in the global market.
In the later section, to assist in proper decision-making, the report includes the outlining of top players in this industry. Leading companies in the global stock clamshell packaging market include Sonoco Products Company, Constantia Flexibles, Amcor Limited, Honeywell International, Dow Chemicals, Bemis Company, WestRock Company, Klockner Pentaplast Group, E.I. du Pont de Nemours and Company, and VisiPak Inc.
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