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PACKAGING

Cluster Packaging Market Segmentation By Material (Paper & paperboard, Plastic and Others); By Product (Bottles & jars, Cans, Containers and Others); By Packaging Style (Neck-through style, Over the top style, Handle based style and Others); By Number of Tiers (Single tier cluster packaging and Multiple tier cluster packaging); By End-Use (Food and beverages, Pharmaceuticals, Personal care, Cosmetics industry, Industrial goods and Others) - Global Demand Analysis & Opportunity Outlook 2027

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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Product Overview

The cluster packaging involves the packaging of the different products in the bulk quantity. The cluster packaging is the effective means of the packaging products. This enables the user to carry the product in large quantity. The rising concern of the industries to transport the large packaged food is increasing the application of the cluster packaging. The various manufacturers are focusing on improving the packaging and transportation of the bulk products. Additionally, the rising demand for the biodegradable packaging is also increasing the use of the cluster packaging of the materials. Additionally, the increasing demand from the various end-use industries such as food and beverage, cosmetic and personal care is also driving the market growth of the cluster packaging across the globe.

Market Size and Forecast

The changing lifestyle coupled with the increasing income of the middle class population across the globe is anticipated to be the major reason driving the growth of the global cluster packaging market during the forecast period. The global cluster packaging market is anticipated to expand at significant CAGR during the forecast period.

The global cluster packaging market can be segmented on the basis of material, product, packaging style, number of tiers, end-use and region. On the basis of material, it is sub-segmented into paper & paperboard, plastic and others. The paper & paperboard is anticipated to be the leading sub-segment during the forecast period. The various properties of the paper & paperboard such as high recyclability and enhanced reusability coupled with the rising demand from the food and beverage industry is anticipated to be the major factor supporting the market growth of the sub-segment during the forecast period. On the basis of product, it is sub-segmented into bottles & jars, cans, containers and others. On the basis of packaging style, it is sub-segmented into neck-through style, over the top style, handle based style and others. On the basis of number of tiers, it is sub-segmented into single tier cluster packaging and multiple tier cluster packaging. On the basis of end-use, it is sub-segmented into food and beverages, pharmaceuticals, personal care, cosmetics industry, industrial goods and others. Food and beverages is anticipated to be major sub-segment during the forecast period. The increasing disposable income of the population across the globe is increasing the spending towards food items. Thus, increasing spending towards large quantity of products is anticipated to boost the growth of the global cluster packaging market during the forecast period.

By region, global cluster packaging market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to hold the largest market share for the global cluster packaging market during the forecast period. The increasing application of the cluster packaging in the beer and wine packaging by the various industries is anticipated to be the major factor driving the growth of the cluster packaging market in the region. For instance, according to Bureau of Labor Statistics, in 2016 the spending was USD 7, 203 towards food and beverage to USD 7,729 in 2017. Thus, the increasing spending of the population towards food and beverage is anticipated to increase the growth of the cluster packaging market. Asia-Pacific region is anticipated to be the fastest developing region for the global cluster packaging market. The rising expansion of the various end-use industries coupled with increasing consumption of the food and beverage in anticipated to boost the growth of the global cluster packaging market in the region. CLICK TO DOWNLOAD SAMPLE REPORT

Market Segmentation

Our in-depth analysis segmented the global cluster packaging market in the following segments:

By Material:

  • Paper & paperboard
  • Plastic
  • Others

By Product:

  • Bottles & jars
  • Cans
  • Containers
  • Others

By Packaging Style:

  • Neck-through style
  • Over the top style
  • Handle based style
  • others

By Number of Tiers:

  • Single tier cluster packaging
  • Multiple tier cluster packaging

By End-Use:

  • Food and beverages
  • Pharmaceuticals
  • Personal care
  • Cosmetics industry
  • Industrial goods
  • Others

By Region

Global cluster packaging market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM),) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

cluster packaging market graph

Growth Drivers and Challenges

The increasing expansion of the various end-use industries coupled with the growing income of the population is increasing the spending towards bulk quantity of items. This is anticipated to be major growth driver for the global cluster packaging market during the forecast period. Additionally, the increasing trend towards the sustainable packaging solutions is anticipated to be another factor driving the global cluster packaging market. The various properties of the cluster packaging such as reusability and recyclability is anticipated to fuel the demand for the cluster packaging. The increasing demand for the flexible packaging solutions across the various industries is anticipated to boost the growth of the global cluster packaging market. The cost effective property of the cluster packaging improves the performance and also increases the value of the packaging.  This is anticipated to drive the growth of the global cluster packaging market.

However, the high initial cost associated with the cluster packaging is anticipated to hinder the growth of the global cluster packaging market during the forecast period.

Key Players

  • Smurfit Kappa Group PLC
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
  • Alpha Packaging
  • Westrock
  • Mondi Group
  • PET Power
  • Klöckner Pentaplast GmbH & Co. KG.
  • Gerresheimer AG
  • Graham Packaging
  • Berry Plastic Group Inc.
  • Constar International
  • Dunmore

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