Albany, NY -- (SBWIRE) -- 04/20/2018 -- The global personalized packaging market has witnessed solid growth during the past few decades, owing to the increasing trend of luxury packaging. The increasing customization in packaging across the nations has given a major boost to the personalized packaging market.

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Manufacturers are increasingly using personalized packaging for creating their brand image among the end users. Commonly, secondary packaging is altered for creating the unique identity of the products or brands in the market. Apart from improving the aesthetic appearance of the product, personalized packaging is used for safeguarding the product during transit by customizing the packaging according to the dimensions of the product. While established players have already set remarkable trends through innovative packaging solutions, emerging companies are also foreseen to adapt to evolving trends in the global customized packaging market.

Rising consumer disposable income, especially in APAC region, is observed to be responsible to increase the demand for luxury packaging and positively influencing the growth in the personalized packaging market. Manufacturers in the region are expanding their capabilities and production capacity in order to amplify the footprint in the steadily growing market. Increasing penetration of e-retail format across the globe is also supporting the growth since the past decade. Over the past few years, carbonated beverages have seen a decline, however increasing consumption of bottled water across the globe may bring in several opportunities.

Growing need for customization in packaging for ensuring the safety of the product is generating the demand to a large extent, which is further strengthened by growing international exports and imports. Maintaining safety during transportation of products has gained immense importance, paving the way for the growth of the personalized packaging market. Personalized packaging manufacturers are mainly emphasizing on expanding footprint through strategic mergers and acquisitions, thereby enhancing their product portfolio and quality. A growing number of brand owners are preferring personalized packaging over conventional, attributed to the need for creating a brand image amidst stiff competition in the market.

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By material type, the paper and paperboard segment is expected to hold the largest volume share, however, by value plastic segment is expected to remain dominant in the market. The glass segment is expected to be the fastest-growing segment of the material type in the personalized packaging market. By packaging type, the bottle segment is expected to dominate with the largest value share and with the increasing use of flexible packaging, bags and pouches are expected to represent the most attractive segment. By end use, beverages segment is estimated to contribute over 50% of the market share of the global personalized packaging market.

The APAC region is estimated to account for the largest share in personalized packaging market on the backdrop of high concentration of the packaging manufacturers and rise in disposable income of the consumers. North America is expected to trail the APAC region in personalized packaging market as the region has highest per capita consumption of packaging. The MEA region is estimated to contribute small but rapidly growing market share in personalized packaging market. Growth in personalized packaging market in Latin America region is expected to be moderate during the forecast period.

Few of the key players in the global personalized packaging market include Owens Illinois Inc., Salazar Packaging, Inc., Design Packaging, Inc., PrimeLine Packaging, International Packaging Inc., Elegant Packaging, Pak Factory Inc., ABOX Packaging, ACG Ecopak, CB Group, SoOPAK Company, Huhtamaki Oyj, The Mondi Group plc., Smurfit Kappa Group, Glenroy Inc. and ProAmpac LLC.

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The market has been segmented as follows

By Material Type

Glass
Paper & Paperboard
Corrugated
Carton Board
Paper
Plastic
HDPE
LDPE
LLDPE
PP
PET
Others

By Packaging Type

Bottles
Containers & Jars
Bags & Pouches
Cartons
Envelopes
Boxes

By End Use

Beverages
Alcoholic Beverages
Beer
Wine
Spirits
Non Alcoholic Beverages
Soda
Juice
Milk
Bottled Water
Food
Baby Food
Sauces & Dressings & Condiments
Dairy Products
Bakery & Confectionery
Others

By Region

North America
Latin America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)

Vital feature of this report is the analysis of the global personalized packaging market by region, material type, packaging type, and end use; and the corresponding revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to provide potential resources from sales perspective of the global personalized packaging market.

To understand key segments in terms of their growth and performance in the personalized packaging market, Transparency Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global personalized packaging market.

In the final section of the report, personalized packaging market competitive landscape has been included to provide a dashboard view of companies that manufacture and provide personalized packaging. The report contains company profiles of some of the players in the personalized packaging market.

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