Packaging Nets Market By Source (Natural, Synthetic), By Type (Extruded, Knitted Nets), By Form (Bags, Rolls), By Application, By Region - Global Market Forecast 2020-2030

Global Packaging Nets Market Overview

Packaging nets are used as packages for a number of products depending upon the size and characteristics. Packaging nets are highly customizable and are used in various industries such as food & beverages, consumer goods, transportation, etc. The global packaging nets market size is predicted to grow at a healthy CAGR of more than 4% over the forecast period of 2020-2030, and is estimated to be valued at over US$ 1 billion by 2030. The market is expected to experience immense growth due to ever-growing demand for packaging materials across the world

Growing research & development activities among key players and constant need for improved quality of packaging nets have also proven to be the propellers for this market. Amidst all these factors, the COVID-19 pandemic has significantly affected the market in a negative way. Due to the pandemic, there has been an exorbitant downfall in the supply and demand chain of packaging nets, thereby adversely affecting the over growth of the global packaging nets market.

Packaging Nets Market Insights by Source

On the basis of source, the market is segmented into natural packaging nets and synthetic packaging nets. The synthetic packaging nets segment occupies over 58% market share. This product source also enjoys a higher growth rate as compared to natural nets; key reason being, increased demand for more durable and higher service life of packaging nets.

Additionally, ease of availability of raw materials and increased yield of synthetic packaging nets due to convenient manufacturing techniques are also some noteworthy factors propelling the segment in the global packaging nets market. Thus, key players in the market are very proactive regarding synthetic packing nets.

Packaging Nets Market Insights by Application

The application segments in the packaging nets market are classified into food and non-food. These are further bifurcated into sub-segments of food, i.e. meat, seafood, fruits, vegetables, etc. The non-food sub-segments include consumer goods, sports accessories, etc.

Considering the market scenario, the dominating segment in the packaging nets market is the food segment, constituting approximately 66% of the overall packaging nets market share.

Key reason being the extensive demand for food products all over the globe and introduction of convenience factor of food items by packaging nets. Other segments such as non-food consumer goods are predicted to witness notable growth of 2.3% over the coming years.

Regional Outlook of Packaging Nets Market

The packaging nets market is split into the following regions - North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America holds a key packaging nets market share due to rising demand for packaging nets and need for customized and better quality products, and growth is forecast to be high over the coming years too.

Furthermore, Asia Pacific is expected to gain tremendous boost in the market, owing to rise in population, thereby increasing demand, innovative manufacturing methods, and diverse applications of the product in various industries.

Packaging Nets Market Manufacturers’ Key Strategies

The packaging nets market is fairly fragmented in nature. Several key players hold a worthwhile position in the market. These players are observed to be engaged in organic as well as inorganic growth strategies.

Leading key players in the global packaging nets market are

• SWM
• EXPO-NET
• Giró Group
• GSH Group
• Intermas
• Lenzing
• MAAR
• NorPlex Inc.
• S.M. Enterprise
• Starlinger Group

. Manufacturer inclination towards reduction of weight remains a key factor driving the market from saturation.

The Analyst’s Viewpoint

“Key players should focus on growth avenues, improvements in product quality, and investments in innovative manufacturing techniques.”

COVID-19 Impact on Packaging Nets Market

The COVID-19 disease caused by SARS CoV-2 coronavirus has had a significant negative impact, globally, from a business standpoint. This has also been the case for the packaging nets market. On analysis of the worldwide threat caused by the pandemic, there has been a substantial downfall in the packaging nets market due to the implementation of lockdowns by governments across several regions, thereby halting trade and transportation from one region to another.

Packaging Nets Market: About the Report

Fact.MR published an exclusive forecast report on the packaging nets market for 2020 and 2030. The foremost objective of this report is to pitch spearhead insights on the market scenario, demand generators, and technological advancements in the packaging nets market. Also, the study addresses key dynamics that are expected to diversify the sales and future prominence of the packaging nets market.

The report on the packaging nets market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the packaging nets market, elaborating on key segments. Also, the report outlines visionary insights on the dynamics of the packaging nets market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with the key buying factors for packaging nets.

Supply chain analysis and pricing analysis of the packaging nets market along with the difference between packaging nets used as per application have also been included in the report, to help readers clearly understand the product framework map in the global packaging nets market.

Packaging Nets Market: Segmentation

Fact.MR has studied the packaging nets market with detailed segmentation on the basis of by source, type, form, application, and key regions.

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