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Global Layer Pads Market: Surging Requirement of Customized Protective Packaging and Cube Design Opt
Posted: Jan 21, 2019
The global layer pads market has been comprehensively evaluated in a publication authored by Future Market Insights (FMI) which provides an uncomplicated dashboard view and understanding of the vendor ecosystem. The valuable vendor landscape information presented in the publication includes market share analysis of important companies operating in the industry, such as KARTON SpA, KapStone Paper and Packaging Corp, International Paper Company, DS Smith Plc, and Smurfit Kappa Group. The company profiles of the players analyzed by the researchers include key details about their recent market developments, strategies, financials, and company overview. The level of competition in the market has also been studied in the publication.
As predicted by FMI, the global layer pads market could expand at a CAGR of 6.0% during the forecast period 2017-2027. By the final forecast year, the market could be valued at a US$1.6 bn. In 2017, the market held a valuation of US$0.9 bn. By material, plastic has been anticipated to account for an 80.0% of the total market share by 2027 end. By region, Asia Pacific Excluding Japan (APEJ) could take the driver’s seat in the market while being valued at a US$0.5 bn by the same year.
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Increase in Online Shopping Benefits Growth as Layer Pads Enrich Brand Visibility
The rising demand for protective packaging in emerging economies has been foreseen to bode well for the overall growth of the world layer pads market. The revenue growth of the market could experience a sharp increase in the coming years due to the rise of online shopping. Product manufacturers across the globe have been adopting layer pads at a high degree owing to the beneficial factor of enhanced brand visibility.
End users have been demanding layer pads at a growing rate in order to meet various packaging needs with the help of customized solutions. The beverages industry in particular has been expected to spark a mighty demand in the world layer pads market, leaving behind other end-use industries such as manufacturing, chemical, electronics, and food and agro products. Western Europe could witness beverages growing as one of the most attractive end users of layer pads. The high consumption of beverages could be considered as a major factor supporting the growth of this region.
Slow Growth of Manufacturing Sector Spoils Rise in Demand for Layer Pads
Despite the growth of the layer pads market in prime regions such as Western Europe because of the flourishing beverages industry, there could be a slack in demand due to the sluggish growth of the manufacturing industry in the region. This could be for the reason that the market is not solely dependent on one end-use industry. Players could expect impressive prospects birthing in other industries as well.
Nevertheless, the international layer pads market has been envisaged to gain more opportunities in the near future. The cube design optimization of layer pads packaging could create a strong business prospect for players operating in the market. This type of packaging demands less engagement of packaging material and is aimed to maximize the product-to-packaging ratio. Manufacturers could stir up the demand for customized layer pads capable of suiting their product size and shape requirements. Layer pads protecting packaging could be engaged at a significant rate owing to the swift movement of work in progress (WIP) components from one assembly to another.
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The information presented in this review is based on an FMI report, titled “Layer Pads Market: Beverages End Use Industry to Hold More Than 3/4th Market Share during the Forecast Period: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2027).”
The global layer pads market has been segmented as presented below:
Global Layer Pads Market: Material
Plastic
Polypropylene (PP)
Polyethylene Terephthalate (PET)
- p>Polycarbonate (PC)
High-density Polyethylene (HDPE)
/li>Polyethylene (PE)
Polypropylene Carbonate PPC)/p>
Paperboard
Chipboard
Solid Fiberboard
Corrugated
strong>Global Layer Pads Market: End-user Base
Food and Agro Products
Beverages
Alcoholic everages
Non-alcoholic Beverages
Electronics
Chemical
Manufacturing
Global Layer Pads Market: Shape
Die ut Shape
Flat Shape
Global Layer ads arket: Region
North America
U.S.
Canada
Western Europe
Germany
France
U.K.
Spain
/li>Italy
BENELUX
Nordic
Rest of Western Europe
Eastern Europe
Russia
Poland
- p>Rest of Eastern Europe/li>
Latin America
Brazil
Argentina
Mexico
- p>Rest of atin Americali>
Asia Pacific Excluding Japan (APEJ)
- p>China
- p>India
Australia and New ealand
ASEAN
Rest of APEJ
Japan
/li>i>p>Middle East and Africa (MEA)GCC ountries
North Africa
South Africa
Rest of MEA
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