Amcor plc AMCR

Forest Products Paper & Paper Products

Amcor plc is a packaging company. The Company is engaged in developing and producing packaging for food, beverage, pharmaceutical, medical, home and personal-care, and other products. It operates in two segments: Flexibles and Rigid Packaging. The Flexibles segment consists of operations that manufacture flexible and film packaging in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. The Rigid Packaging segment consists of operations that manufacture rigid containers for a range of predominantly beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads and personal care items, and plastic caps for a variety of applications. The Company also provides various services, such as field technical services, life cycle assessment, e-commerce packaging solutions, and custom design.

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Amcor plc

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Post by ivosmithon Dec 14, 2023 8:48am

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Post# 35784022

Chemical Packaging Market Outlook 2024-2032

According to the latest research report, the global chemical packaging market size reached US$ 11.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.0 Billion by 2032, exhibiting a growth rate (CAGR) of 1.62% during 2024-2032.

The market is currently being primarily driven by the increasing trend of globalization and cross-border trade. Additionally, the rising demand for durable and compliant packaging solutions, capable of withstanding long distances and various handling conditions, is actively influencing market growth. Furthermore, ongoing technological advancements in packaging are continuously facilitating the development of innovative solutions. This includes the emergence of smart packaging with real-time tracking and monitoring capabilities, which represents another major factor inducing growth. Moreover, the chemical industry's adherence to stringent regulations and safety standards necessitates specialized packaging solutions to ensure the secure containment and transportation of hazardous substances, thereby accelerating market growth. Simultaneously, the growing emphasis on sustainable practices is fostering the adoption of eco-friendly packaging materials and designs that minimize environmental impact, thus continuously propelling market growth.

Explore full report with Table of Contents: https://www.imarcgroup.com/chemical-packaging-market