COVID-19 Impact on Packaging Market - Market trends, future opportunities, Analysis Report

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Impact of COVID-19 on Paper and Packaging Market Growth Sales and Opportunity The coronavirus pandemic is causing widespread concern and economic deprivation of business, consumer and communities all over the world. Manufactures encounter several challenges due to this crisis paper and packaging producers are no exception. Self-isolation has resulted in short supply and plethora of manufacturing units is sourcing supply chains away from china. 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. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis Get Report Copy: https://www.databridgemarketresearch.com/covid-19resources/covid19-impact-on-paper-and-packaging-in-the-materials-and-packagingindustry As many end-use industries are on the rise such as Personal care, Pharmaceutical, Healthcare, and Cosmetics, it is anticipated that the future of the Composite Packaging market is prominent and the market will grow substantially in terms of value as well as volume during the forecast period. Over recent years, the horizon of consumers is shifted to online shopping which also expected to create a lucrative market for Composite Packaging. Packaging companies that serve these more resilient sectors are likely to do well in the current environment, with stockpiling, changing demand patterns and government measures likely to lead to an increased demand for certain products. Research conducted by UK-based packaging industry expert Infiniti Research at the end of May revealed that industries that supply for groceries, consumer goods, pharmaceuticals, and ecommerce are “expected to witness a steep increase”. The demand for luxury and industrial packaging, however, may show a decline. Social distancing measures implemented globally have meant that some products, such as in the cosmetics and beauty industry, have been low in demand. The global recession forecasted for 2020 will also likely have a negative impact on consumer spending according to Moody’s.


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COVID-19 Impact on Packaging Market - Market trends, future opportunities, Analysis Report by varshadeshpande - Issuu