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Halal Packaging Market By Application (Food & Beverage, Cosmetics & Personal Care, Pharmaceuticals) - Growth, Share, Opportunities & Competitive Analysis, 2020 - 2028

This report, titled "Halal Packaging Market: Growth, Future Prospects, and Competitive Analysis, 2020–2028," offers strategic insights into the trends in the halal packaging market along with the market size and forecast for the duration of 2019–2028. In addition, the said research study incorporates an in-depth analysis of multiple market segments based on application and geographical distribution.

The halal economy is surging and has become one of the fastest-growing segments in the world economy. The halal economy comprises food and non-food items, including cosmetics, toiletries, pharmaceuticals, health products, medical devices, marketing, packaging, financing, electronic media, and others. Of the different components in the halal economy, the packaging is one of the key components 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, beverages, and consumer products. Furthermore, companies have developed sustainable paper and plastic materials that are safe and can be used for the halal packaging of different products.

Based on application, the global halal packaging market is segmented into food and beverages, cosmetics and personal care, pharmaceuticals, and others. This report presents the market size and forecasts for all segments considered for 2019-2028 (U.S. dollars), as well as their respective CAGRs for the forecast period 2020-2028 (value percentage). In addition, there are also insights explaining the 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: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods. 

Along with the quantitative information sets, this report provides qualitative information such as market dynamics and an executive summary of the global halal packaging market. The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with the company profiles section. This section includes major information about the key companies engaged in the halal packaging market.

Segmentations

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

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

Halal packaging is used for both food and non-food products. Among the aforementioned applications undertaken in the study, the food and beverage segment held the largest market share in 2019. Demand for efficient packaging solutions in food and beverage products is a key factor driving the halal packaging market's growth. By 2028, food and beverages are anticipated to remain dominant in terms of revenue contribution, followed by the consumer goods and pharmaceutical segments. Also, the food and beverage segment is anticipated to record the highest CAGR during the forecast period. On the other hand, other segments are expected to witness significant growth during the forecast period. Since the food and beverage industry and consumer goods are major contributors to the overall economy in the Asia Pacific region, the halal packaging market is expected to grow significantly in the next five to six years in the region.

Halal packaging manufacturers are developing efficient and sustainable solutions to cater to the demands of pharmaceutical companies. This is due to the fact that medicines are highly regulated, and halal packaging might offer wide opportunities for players, resulting in an improved customer base and better segregation of pharmaceuticals, especially for Muslim consumers. However, safety and product efficacy remain restraining factors for halal packaging manufacturers exploring pharmaceutical applications.

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

  • 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 the Middle East and Africa

Muslims are anticipated to account for a significant share of the world population by 2030, thereby offering opportunities for players to invest in the halal business. Halal compliance in terms of warehousing, logistics, and transportation, along with the sourcing, processing, and packaging of a particular product. In 2019, the Middle East and Africa were the leading markets, followed by Asia Pacific and Europe. The Asia Pacific and Europe collectively accounted for more than 43 percent of the market share in terms of value.

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

Frequently Asked Questions: 

The market for Halal Packaging Market is expected to reach XX Mn in 2028.

The Halal Packaging Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted to 2020-2028.

The base year of this report is 2019.

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Trusted By
Godaddy
Published Date:  Jan 2017
Category:  Packaging
Report ID:   58344
Report Format:   PDF
Pages:   180
Rating:    4.7 (65)
Delivery Time: 24 Hours to 48 Hours   
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