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Halal Packaging Market By Application (Food & Beverage, Cosmetics & Personal Care, Pharmaceuticals) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2024

This report titled “Halal Packaging Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2024” offers strategic insights into the trends in halal packaging market along with the market size and forecast for the duration 2013 to 2024. The said research study incorporates in-depth analysis of multiple market segments based on application and geographical distribution.

Halal economy is surging and has become one of the fastest growing segments in the world economy. Halal economy comprises both food and non-food items including cosmetics, toiletries, pharmaceuticals, health products, medical devices along with marketing, packaging, financing, electronic media and others. Of the different components in the halal economy, packaging is one of key component and is anticipated to gain significant importance in the next five to six years. This has led companies to develop sustainable packaging and plastics from renewable products especially for food and beverages and consumer products. Furthermore, companies have developed sustainable paper and plastic materials that are safe and can be used for halal packaging of different products.

Based on application, the global halal packaging market is segmented into food & beverages, cosmetics and personal care, pharmaceuticals and others. Market size and forecast for all the considered segmentation is presented in this report for the period 2013-2024 (US$) along with their respective CAGRs for the forecast period 2016-2024 (Value %). There are also insights explaining current and future potential of each sub-segment in the global halal packaging market.

In terms of geographical distribution, the global halal packaging market is studied for five major regions namely, North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Market size and forecast for each regional and country-level market are included in the report for the considered periods. To further elucidate, the geographical distribution of the global halal packaging market is performed as follows:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  •  Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    •  Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global halal packaging market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in halal packaging market.

Based on application, the global halal packaging market is segmented as follows:

  • Food & Beverage
  • Cosmetics & Personal Care
  • Pharmaceuticals
  • Others

Halal Packaging Market

Halal packaging is used for both food and non-food products. Among aforementioned applications undertaken in the study, food and beverages segment holds largest market share in 2015. Demand for efficient packaging solutions in food and beverage products is a key factor driving the halal packaging market growth. By 2024, food and beverages is anticipated to remain dominant in terms of revenue contribution, followed by consumer goods and pharmaceuticals segment. Also, food and beverages segment is anticipated to record highest CAGR during the forecast period. Others segment is expected witness significant growth during the forecast period. Since, food and beverages industry and consumer goods are major contributors to overall economy in the Asia Pacific region, the halal packaging market is expected to spur in the next five to six years in the region.

Halal packaging manufacturers are developing efficient and sustainable solutions catering to the demand for pharmaceutical companies. This is due to medicines are highly regulated and halal packaging might offer wide opportunities for players, resulting in improved customer base and better segregation of pharmaceuticals especially for Muslim consumers. However, safety and product efficacy remains a restraining factor for halal packaging manufacturers exploring the pharmaceuticals application.

For the purpose of this study, the global halal packaging market is categorized into:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Halal Packaging Market

Muslims are anticipated to account significant share of the world population by 2030, thereby offering opportunities for players to invest in halal business. Halal compliance in terms of warehousing, logistics and transportation along with sourcing, processing and packaging of a particular product. In 2015, Middle East and Africa was the leading market followed by Asia Pacific and Europe. Asia Pacific and Europe collectively accounted for more than 43% share of the market in terms of value.

Of different regions such as Middle East and Africa, Sub Saharan Africa, Europe, South Asia and Asia Pacific, North America and South America; Muslim population is high in South Asia and Asia Pacific, Sub Saharan Africa and Middle East and Africa. Owing to majority for Muslim population, the halal packaging market is anticipated to record robust growth in these regions. Furthermore, there has been an increasing spending of consumers on halal certified products, which is anticipated to fuel the demand for better and efficient packaging solutions, thus driving halal packaging market growth in the near future.

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Published Date:  Jan 2017
Category:  Packaging
Report ID:   58344
Report Format:   PDF
Pages:   120
Rating:    4.2 (55)
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