Demand for convenient packaging and rising disposable income are the key factors driving the growth of private label packaging market. The availability of a wide range of innovative packaging solutions is likely to have a significant influence on the demand for private label packaging market during the forecast period. Other factors driving the market are growing food and beverage industry, growing packaging industry, growing cosmetic industry, etc.
The major factor restraining the private label packaging market is the consumer loyalty for the existing brands especially in Asia Pacific and Middle East Africa region. The factor trending the private label packaging market consumer demand for convenient packaging, demand for competitive cost packaging, etc. The companies of private label packaging have significant opportunity in premium private label packaging as it has relatively high demand in private label packaging market than the economical private label packaging.
Private Label Packaging: Segmentation
Basically private label packaging market is segmented by end use, packaging type and by region. The global private label packaging market is segmented on the basis of end use into cosmetic industry, food and beverage industry and others. Among these cosmetic industry has significantly high value share followed by food.
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The key player of private label packaging market are Urist Cosmetics Inc., Advanced Labels, LAUNCH Private Label, Dalden Corporation, Accurate Box Company Inc., ACP Worldwide, Jonco Industries, Inc., Econo-Pak, Ultra Seal, Unit Pack Co., Inc., Oratech, LLC, Proactive Packaging & Display, Central Package and Display, Heubach Corporation, Bernard Laboratories, Inc., MBK Tape Solutions, LBU, Inc., Action Pak, Inc., Contrapac, HOC Industries, American Towelette Co., etc.