The global Service Packaging Market Size segmentation includes application, material, product, and region. The application-based segmentation lists market into consumer goods, food & beverages, pharmaceuticals, and others. Huge demand for processed and packed food is the reason for the Service Packaging Market Size to grow in the food industry.

The material-based segmentation includes paper & paperboard, plastic, and others. During the forecast period, the plastic segment can grow due to its temperature resistance, durability, and cost-effectiveness.

North America is another crucial regional market as the demand for consumer goods and packaged foods is increasing. Other factors to inspire a rise in the Service Packaging Market Size are the booming pharmaceutical industry, the availability of high-speed internet, and the presence of e-commerce giants in the USA. Canada is another important country-specific market in this region.

Europe is a vital regional market due to the availability of most advanced technology after North America and the high density of population in this region. With the availability of high-speed internet, online shopping stores receive a big chunk of customers every day. The most vibrant country-specific markets in this region are Germany, France, Italy, and the UK.

Key Players

Noteworthy players to make an impact in the global Service Packaging Market Size include AptarGroup Inc. (USA), Amcor Ltd. (Australia), Bemis Company Inc. (USA), Crown Holdings Inc. (USA), Cascades Inc. (Canada), DS Smith PLC (UK), Graphic Packaging International Inc. (USA), Georgia-Pacific Corporation (USA), International Paper (USA), ITC Ltd. (India), Nippon Paper Industries Co. Ltd. (Japan), Mondi Group (Austria), Sonoco Products Company (USA), and Smurfit Kappa Group (Ireland).

Latest Industry News

• Amazon India has expanded its packaging-free shipment (PFS) initiative to nine cities, namely Ahmedabad, Bengaluru, Chennai, Gurugram, Mumbai, Nagpur, New Delhi, Noida, and Hyderabad. 3 JUNE 2019

• Procter & Gamble (P&G)’s Olay skin-care brand has introduced a refillable packaging test that can curb plastic waste. 5 JUNE 2019

• To bring more convenient and flexible shipping options to the Latin American pharmaceutical exports, Pelican BioThermal has opened Mexico City Network Station and Service Center. 7 JUNE 2019

• LBP Manufacturing LLC (LBP) has acquired Union Packaging. The Union Packaging is a leading producer of fry cartons, chicken nugget boxes, and other paper-based packaging products to national quick-service restaurants (QSRs). 3 JUNE 2019