Global Easy Open Packaging Market: Overview
Easy open packaging comes under flexible packaging usually design for easy opening with no extra physical strength. Flexible packaging industry focuses on the product convenience to attract a large number of people. In such a harsh competition, vendors have to choose better option fit to consumer need and convenience. Easy open packaging provides advantages such as easy to use and it is also recyclable.
Global Easy Open Packaging Market: Segmentation
Easy open packaging market is segmented on the basis of the material type as steel, cardboard, plastic, and others. Of which, cardboard is the leading segment in the global market. Based on product type, the global market is categorized as shrink wrap, twist caps, tear up, and others. On the basis of application, the easy open packaging market is further segmented as cosmetics, healthcare, electronics, food & beverages, and others. Of which, food & beverages is the dominating segment in the market.
Global Easy Open Packaging Market: Growth Factors
Increasing disposal income and demand for flexible packaging is anticipated to boost the easy open packaging market in the coming years. In addition, technological advancements of growing companies may positively impact the market in future. The demand for the easy open packaging has increased by some end-use companies such as chemical, healthcare, cosmetics & toiletries, food & beverages and others; this, in turn, is anticipated to increase the global market growth. Easy to open packaging is more useful for old age people who have lost their physical strength to easily handle. Rapid growth in the easy to open market provides ample opportunities to the niche players.
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Global Easy Open Packaging Market: Regional Analysis
North America is the most demanding regional segment due to improving lifestyle and adoption of flexible packaging. Europe is the second dominating region for healthy growth in the easy open packaging market. Furthermore, growth in Germany and the UK is high owing to rapid technological advancement in these regions. Furthermore, Asia Pacific is significantly growing the market for easy open packaging due to increasing disposal income and changing preferences. China and India are emerging economies attributed to the growth of easy open packaging market.
Global Easy Open Packaging Market: Competitive Players
Some of the major players dominating the global easy open packaging market include Sealstrip Corporation, BSI Group, Young packaging, FlexPak Services, Crown Holdings, Inc., and others. Many companies are adopting new business strategies to enhance the company revenue. For example, Sonoco introduced a new easy opening packaging for Quad-Seal Bag to keep product fresh such as coffee. The company has announced its recent innovation, that is, an easy-open quad-seal flexible bag with Cross-Seal technology.