Cohesive Packaging Solutions Market Overview
Cohesive packaging refers to the packaging materials that can encapsulate any product with the coating of natural rubber latex. In cohesive packaging, the material only sticks to itself and not the product inside, making it more efficient and less complicated. The usage of cohesive packaging had significant growth in the past decade.
What are the Key Trends Impacting Growth of the Cohesive Packaging Solutions Market?
The flourishing e-commerce industry is playing a critical role in the development of the cohesive packaging solutions industry. The sheer volume of products that are supplied by the e-commerce industry in the market, increases the demand for fast and efficient packaging solutions.
The e-commerce industry is proving to be a boon in the pandemic for many manufacturers and as a result, cohesive packaging solutions are booming amid the pandemic restrictions.
How is the Demand for Sustainable Packaging Products Reshaping the Cohesive Packaging Solutions Market?
A large variety of materials can be used for the cohesive packaging of products. Many of the materials like paper, corrugated sheets, etc. are often either recycled or reused. Consumer awareness is one of the factors that is driving manufacturers to offer the product in an environmentally friendly form of packaging.
What are the Key Challenges that may Restrain Growth of the Cohesive Packaging Solutions Market?
The cohesive packaging solutions have not penetrated the packaging market of emerging countries. The use of traditional forms of packaging is still covering a majority of the market share. The hesitation of local players towards switching to a new form of packaging may prove to be temporary restraint in the growth of this market.
Key global players such as
- Pregis LLC
- IPS Packaging & Automation
- Shippers Supply, Inc.
- ProAmpac Intermediate, Inc.
- BDL Supply
- System Packaging
- Metric Packaging Solutions
- TPC Packaging Solutions
- Fapco Inc.
are in the cohesive packaging solutions market.
In the Asian region, players like
- Shenzhen KOX Technology Co., Ltd.
- Ab Pac (s) Pte. Ltd.
- Mouser Electronics, Inc.
- Safepack Industries Ltd.
- Maha Chemicals (Asia) Pte. Ltd., etc.
are actively involved in the cohesive packaging solutions market.
What Strategies are the Key Players adopting to Increase their Market Share in the Cohesive Packaging Solutions Market?
Key players are competing against each other in the industry to acquire maximum market share for multiple segments. In the cohesive packaging solutions market, manufacturers are adopting strategies like mergers, acquisition and strategic partnerships to expand product portfolio and the number of industries served.
In November 2020, Pregis LLC, acquired a privately owned company, Technical Machinery Solutions (TMS), Illinois which deals in remanufacturing of used machinery and has successfully created a solution for the production of single-stream mailer used in cohesive packaging from.
What are the Key Opportunities for Cohesive Packaging Solutions Manufacturers?
Innovation in cohesive packaging solutions has led to the introduction of many alternatives that are both sustainable and environmentally friendly.
The increasing number of players in the packaging industry are using innovative, sustainable and recyclable packaging materials to cater for the customers which will prove to be a catalyst for the growth of the cohesive packaging solutions market.
Why will the Asia-Pacific Generate Significant Demand for the Cohesive Packaging Solutions Market?
The emerging markets of the Asia Pacific region are scaling a new height in the packaging industry. The general increase in the urbanization and per capita of the population has fuelled the growth of the industries like automobile, e-commerce, electrical and electronics among others.
The need to pack a large volume of goods in minimal time is one of the factors that is adding the number of players in the cohesive packaging solutions industry in this region. The market share of countries like India, China and Japan in the manufacturing industry is considerably higher compared to other countries and this is projected to augment demand for the cohesive packaging solutions industry in Asia Pacific Market.
What is the Repercussion of the Pandemic on the Growth of the Cohesive Packaging Solutions Market?
The COVID-19 pandemic has affected many industries on a large scale. The lockdown and logistic restrictions are some of the reasons that made the survival of many players in the market a challenge.
The cohesive packaging solutions industry suffered in the pandemic because of many factors like shortage of raw materials, decrease in the demand from the parent industries, logistics restrictions and cost-cutting solutions adopted by industries. The e-commerce market is one of the few industries that has aided in the survival of the industry.
Post-pandemic, the industry is expected to expand quickly compares to other forms of packaging, as it has added advantage to pack large quantity of goods efficiently and economically.
Key Segments of Cohesive Packaging Solutions Market Covered in the Report
Based on Type of Material:
- Paper and Paperboard
- Plastic Films and Wraps
Based on Packaging Process:
Based on Application:
- E-commerce packaging
- Furniture and household goods
- Electricals and Electronics
- Automotive industry
- Others (Printing and Publication)
Based on the Region:
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa