September 29 2020
The impact of covid-19 on the packaging industry will have mixed impact and it depends on their portfolios to different end-users of packaging. Most of the packaging manufacturers supply their products and services to important industries including pharmaceutical packaging, packaged food, labelling of hand sanitizers and disinfectants, and packaging of soaps, detergents and hand washes which are currently in high demand. However, without significant packaging, entire food, pharmaceutical, and consumer goods industry will collapse.
China is considered to be the leader in the packaging sector and economy is likely to decrease up to 50 % during and after the pandemic, due to all the companies who are relying on China for packing is now shifting their businesses to other countries such as India.
Global Market Paper Flexible Packaging Report 2020 -2024 contains systematic and point to point information regarding to Paper Flexible Packaging Industry. The report contains brief Introduction, Market analysis by types , applications and regions.Report also contains top Manufacturers Profiles (Name of the manufacturer, Business Overview, Type and Applications and Sales, Price, Revenue, Gross Margin and Market Share).Report also provide global and regional Sales Channel, Distributors, Traders and Dealers with Paper Flexible Packaging Market Analysis Value And next four Years forecast value.
The Global Paper Packaging Materials Market has outlined the supply and demand scenario in the industry and provided a detailed analysis of the product developments, technology advancements, and competitive analysis in the market. It offers an in-depth analysis and all the information required by the new entrants and emerging players to stay ahead in the competition. This report includes information on the latest government policies, norms, and regulations that have and can affect the dynamics of the market.
Based on Type, the market has been segmented into:
By Product, (Dual-use grades,Liner grades,Corrugated containers,Flexible,Medium grades,Others), By grade, (Coated Recycled Board,Solid Bleached Surface,Uncoated Recycled Board)
Based on application, the market has been segmented into:
By Application, (Building & Construction,Automobile & Transportation,Power sector,Marine,Wear plate,Oil & gas,Others)
In line with the conclusion, the packaging industry has less impact due to coronavirus pandemic. Global supply chain is set for a major over haul as the pandemic has exposed the vulnerability of countries and companies. Several packaging companies have started re-evaluating their supply chains and are in the process of shifting their supply chains to other countries. However, plastic manufactures conclude the issue as short-term. However, with some manufacturers shutting down production or shifting to new products that are essential to fight the pandemic, forest, paper and packaging companies need to remain focused.
The pandemic has also show case Indian pharmaceutical companies an opportunity to become an alternative hub for manufacturing of intermediates which will consequently rise the demand for domestic packaging manufactures and suppliers.
Proper availability of raw material is a greater concern for the market. If the raw material is not available in the appropriate quantities, according to consumer demand, the production cannot be done properly, due to which manufacturing has to face losses and business growth happens at a very low rate. Now plastic and paper is used as raw material for many products. Thus, on conclusion, due to the decline in the availability of the proper quantity of raw materials for the production of packaging type, it will hamper the impact the packaging industry drastically.