US$ 2.35 Billion Clamshell Packaging Market Growth Gap With APAC Contributing 34%

NEW YORK, August 5, 2022 /PRNewswire/ — The “Clamshell packaging market by End User and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. ISO 9001:2015 certified, Technavio has proudly partnered with more than 100 Fortune 500 companies for more than 16 years. The potential growth gap of the clamshell packaging market between 2021 and 2026 d. e $2.35 billion, according to Technavio’s latest market analysis report. The report predicts that the market will witness accelerating growth momentum at a CAGR of 3.77% during the forecast period. Technavio categorizes the global clamshell packaging market as part of the global metal and glass container market. Our report provides extensive information on the value chain analysis of the clam packaging market that vendors can use to gain a competitive advantage over the forecast period.

Technavio has announced its latest market research report titled “Clamshell Packaging Market” by End User and Geography – Forecast and Analysis 2022-2026.

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Key Market Dynamics:

  • Market Driver: One of the key factors driving the growth of the global shellfish packaging industry is the growth of multinational fast food chains. The growth of multinational fast food brands is increasing the adoption of cheap and convenient packaging materials, including clamshell packaging. For example, In May 2022Jubilant Foodworks Ltd., the master franchisee holder for the Domino’s Pizza brand in India, Sri Lanka, Bangladeshand Nepalannounced that in the fourth quarter of 2021 the company launched 80 new Domino’s Pizza restaurants in India. in January 2021, McDonald’s Corp. announced plans to open nearly 500 restaurants in the US and its segments in international operated markets. These factors will have a positive impact on the growth of the global clam packaging market over the forecast period.

  • Market Challenge: One of the key challenges to the growth of the global clam packaging industry is the ban on Expanded Polystyrene (EPS) clam containers. The ban on EPS foam, often called “Styrofoam,” was signed into law in January 2022 by New York State Department of Environmental Protection. The law imposed a ban on all single-use packaging materials, including containers intended for the temporary storage and transportation of food or beverages. The ban applies to restaurants, food trucks, grocery stores, schools and hospitals, with some exceptions such as food pantries.

To learn about additional key drivers, trends and challenges available with Technavio. See a sample report

Market segment insights

The clamshell packaging market report is segmented by end-user (food, electronics and others) and geography (APAC, North America, Europe, South Americaand Middle East and Africa).

Insights into revenue generating segments: The market share growth of clam packaging from the food segment will be significant during the forecast period. Changing lifestyles and eating habits are important factors behind the growth of the packaged food industry worldwide. Market vendors have seen an increase in their revenue generated from sales of clamshell packaging. In 2021, with the introduction of the COVID-19 vaccines, the number of cases of COVID-19 decreased, leading to the lifting of restrictions related to the pandemic. These factors have driven the demand for clamshell packaging and the segment is expected to witness positive growth during the forecast period.

Regional opportunities: APAC will be the leading region accounting for 34% of the market growth during the forecast period. China, Japanand India are the key markets for clamshell packaging in APAC. However, market growth in this region will be slower than market growth in other regions. Fast growing end-user industries such as food & beverage, electronics, and personal care will facilitate the growth of the clamshell packaging market in Asia Pacific during the forecast period.

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Market scope of clamshell packaging

Report coverage

Details

Page number

120

Base year

2021

Estimated period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 3.77%

Market Growth 2022-2026

$2.35 billion

Market structure

Torn apart

Year-on-year growth (%)

3.43

Regional analysis

APAC, North America, Europe, South America and the Middle East and Africa

Effective market contribution

APAC at 34%

Key user countries

USA, China, Japan, India and UK

The competitive environment

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Amcor Plc, Blisterpak Inc., Clearpack Engineering Inc., Creative Plastics, Dordan Manufacturing Co., Footprint LLC, Helmy Plastics, Lacerta Group Inc., Novolex Holdings LLC, Panic Plastics Inc., Parksons Packaging Ltd., Placon Corp., Plastic Ingenuity Inc., Prime Packaging LLC, QPC Pack, Sinclair and Rush Inc., Smurfit Kappa Group, Sonoco Products Co., Universal Plastics Group Inc., Walter Drake Inc. and WestRock Co.

Market dynamics

Major market analysis, drivers and barriers to market growth, analysis of fast-growing and slow-growing segments, impact of COVID 19 and future consumer dynamics, and analysis of market status for the forecast period.

Range of customization

If our report doesn’t include the data you’re looking for, you can contact our analysts and get custom segments.

Main topics covered:

About us

Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 dedicated analysts, Technavio’s report library consists of more than 17,000 reports and growing, covering 800 technologies spanning 50 countries. Their client base consists of businesses of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, in-depth research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

Sission

Sission

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SOURCE Technavio

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