Tamper-Proof Packaging Market Is Expected to Grow at a CAGR of 5.2% During the Forecast Period 2026
Thursday, September 05, 2019
Press release from the issuing company
According to Stratistics MRC, the Global Tamper Evident Packaging market is expected to grow at a CAGR of 5.2% during the forecast period. Some of the key factors such as increasing demand for tamper evident packaging in various end-use industries such as food & beverages, pharmaceutical, cosmetics & personal care industry and growing disposable incomes of consumers across the globe are boosting the market growth. However, stringent regulations are hampering the market growth.
Tamper Evident Packaging has one or several barriers of entry that provide visible evidence to a consumer that a product has tampered. It also needs to include a description of the safety feature used on the packaging for easier understanding by the consumer, such as a clear “how to open” visual instruction.
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By end user, cosmetics & personal care industries segment has growing importance due to the expanding industries across the globe. By geography, Asia Pacific is likely to have a huge demand due to the rise in the expansion of pharmaceutical, food & beverages industry in this region. Moreover, growing consciousness related to food safety among consumers and rising living standards of consumers also driving the market growth.
Some of the key players in this market include Ampac Holding LLC., Baker & McKenzie LLP, DuPont, Dynacorp, Enercon industries Corporation, Harcor, Interpack Ltd., Placon, Schreiner Group, Seal King Europe and Traco Manufacturing, Inc. .
Cosmetics & Personal Care
o Rest of Europe
o New Zealand
o South Korea
o Rest of Asia Pacific
o Rest of South America
Middle East & Africa
o South Africa
o Rest of Middle East & Africa
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