Growth in eCommerce Escalates the Demand for Eco-Friendly Clamshell Packaging Solutions. FMI Projects Sales of Clamshell Packaging to Spur at a Sluggish CAGR of 3.0% from 2024 to 2034.
NEWARK, DE / ACCESSWIRE / July 17, 2024 / The global clamshell packaging market size is likely to be worth USD 9.1 billion in 2024. The sales of clamshell packaging are projected to exhibit a slow CAGR of 3.0% from 2024 to 2034. By 2034, the demand revenue for clamshell packaging is anticipated to surpass a valuation of USD 12.2 billion.
The urban population's evolving lifestyles and alternate dietary habits have resulted in a surge in demand for convenience food services, strengthening the clamshell packaging industry. The demand for ready-to-eat meals and the growing urban population are expected to promote the clamshell packaging solution market.
Clamshell packaging has grown due to the expanding eCommerce industry and the quickening pace of research and development. Consumers expect greater quantities of their products to be protected from outside contamination, which is projected to present lucrative potential and stimulate the market expansion of clamshell packaging.
The number of cooperative agreements and the expansion of emerging sectors serve as catalysts. This is creating ideal circumstances for the growth of the clamshell packaging market.
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Rigid packaging offers more physical protection than thin, flexible packaging films used in stock clamshell packaging. Since flexible packaging bags meant for liquid products are readily punctured, they must be handled gently during the whole production process. The softness of the packages makes their shape very unstable, making handling difficult. This is anticipated to impede market expansion of clamshell packaging significantly.
Regional Outlook
Due to the rising middle-class population and booming urbanization, Asia Pacific is witnessing significant growth in the clamshell packaging market.
Europe experiences a surge in demand for clamshell packaging solutions that are also safe and aesthetically pleasing due to the growth of eCommerce and online retail platforms.
North America's industries are experiencing an upward trend in demand for clamshell packaging due to increased attention to hygiene and product safety.
"The stock clamshell packaging industry is expected to expand due to rising consumer demand for eco-friendly and practical packaging options. The growing environmental concerns in materials and designs are likely to impact the clamshell packaging market's trajectory positively", says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
Key Takeaways
In the product type category, the 2-piece clamshells segment is likely to garner a share of 54.2% in 2024.
The food segment in the end use category is estimated to hold a share of 62.8% in 2024.
From 2024 to 2034, the India clamshell packaging industry is projected to strengthen at a 6.1% moderate CAGR.
The China clamshell packaging market is anticipated to accelerate at a moderate CAGR of 4.7% through 2034.
Sales of clamshell packaging in Thailand are expected to surge at a moderate CAGR of 4.3% through 2034.
Between 2024 and 2034, the South Korea clamshell packaging solution market is projected to evolve at a sluggish CAGR of 2.3%.
The Spain clamshell packaging market is expected to spur at a slow CAGR of 2.1% between 2024 and 2034.
Between 2024 and 2034, the Japan clamshell packaging industry is projected to evolve at a sluggish CAGR of 1.8%.
Through 2034, the United States clamshell packaging market is expected to expand at a CAGR of 1.8%.
The Italy clamshell packaging solution market is estimated to develop at a sluggish CAGR of 1.7% until 2034.
The United Kingdom clamshell packaging industry is expected to experience expansion at a slow CAGR of 1.6% through 2034.
The Germany clamshell packaging market is projected to exhibit growth between 2024 and 2034 at a sluggish CAGR of 1.5%.
The France clamshell packaging industry is anticipated to surge at a slow CAGR of 1.3% between 2024 and 2034.
The Canada clamshell packaging solution market is forecasted to evolve at a sluggish CAGR of 1.2% until 2034.
How will the Demand for Convenient and Appealing Packaging Solution Positively Influence the Clamshell Packaging Market Growth?
Many consumers encounter problems regarding the difficulty in opening and closing or application of several packaging products. Certain kind of plastic packaging is ideal for transportation and storage but often they are very difficult to open, which can lead to wastage, damage or reduced demand of the product. In contrast, the design of clamshell packaging is proven to be easily accessible for customers making it one of the convenient alternatives to pack a variety of products. Another benefit of the clamshell packaging is the shelf appeal it provides to the packaged products and helps in attracting the maximum number of consumers. End-use industry players can add visually appealing graphics to their clamshell packaging and can promote their brand by printing the logo or another design on the packaging. To cope with consistently rising competition in the end-use industries the demand for convenient and appealing packaging solutions is rising. The growing demand for such packaging solutions is positively influencing the clamshell packaging market growth.
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Competitive Landscape
The prominent clamshell packaging producers are performing research and developments and are continually delivering innovative products and solutions targeted at specific end-use. The clamshell packaging vendors aim at mergers and acquisitions, product launches, research and development investments, and other strategies to gain a competitive advantage over other providers.
Notable Developments
An environmentally responsible "claimtainer" that Jamestown Plastics launched in 2021 is said to be more potent than clamshell packaging.
Compostable clamshell packaging for the food industry was introduced in November 2020 by Footprint, a sustainable technology business based in the United States.
During the launch of a new range of clamshell containers in September 2019, Novoflex Company revealed that it was expanding its product line.
Top Clamshell Packaging Manufacturers
Smurfit Kappa Group plc
Westrock Company
Parksons Packaging Ltd.
VisiPak Inc.
Prime Packaging LLC
Sonoco Products Company
Universal Plastics Corporation
Amcor plc
Placon Corporation Inc.
Dordan Manufacturing Company
Footprint USA
Novolex Company
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Key Segments
By Packaging Type:
Trays
Bowls
Boxes and Containers
Others
By Material Type:
Plastic
PET
PVC
PP
PS
Others
Paper/Paperboard
By Product Type:
Mock Clamshells
2-Piece Clamshells
Tri-Fold Clamshells
By End Use:
Food
Fruits and Vegetables
Ready-to-Eat Food
Bakery and Confectionery
Frozen Food
Others
Electrical and Electronics
Cosmetics and Personal Care
Household Goods
Gifts, Toys and Stationery
Pharmaceuticals
Others
By Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Middle East and Africa (MEA)
Japan
Authored by:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail's strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor's Degree in Mathematics.
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The pallet wraps market value is expected to increase at a 4% CAGR from 2023 to 2033, from USD 6.14 billion in 2023 to USD 9.12 billion in 2033.
The global rigid food containers market size is register a CAGR of 4.8% from 2022 to 2032. The market is anticipated to reach USD 314.2 Billion by 2032.
The pallet box market sales is projected to reach USD 2.9 billion by 2034. The market is further expected to surge at a CAGR of 2.8% during the forecast period 2024 to 2034.
The global beverage cartoners market size is projected to grow at a CAGR of 4.9% between 2023 and 2033, totaling around USD 1.1 billion by 2033.
The pallet wraps market value is expected to increase at a 4% CAGR from 2023 to 2033, from USD 6.14 billion in 2023 to USD 9.12 billion in 2033.
The rigid packaging container market size is expanding at a 3% CAGR over the next ten years and lead the market to USD 275.2 billion by 2034.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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SOURCE: Future Market Insights, Inc.
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