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Packaging Nets Market 2020 Size, Business Revenue Forecast, Leading Competitors And Growth Trends

Packaging nets are emerging as versatile packaging materials in relation to both the type of packaging machinery use and the range of food and non-food products that are packed. The packaging nets market is making remarkable strides on the back of the rising popularity of the packaging type to package wide variety of products, especially food products. Food sector has been increasingly utilizing salient features of extruded packaging nets. Key characteristics are light weight, have sturdy build, and are versatile as they can be made to pack wide range of dimension. Two key categories in the packaging nets market are food and non-food categories. Some of the common food items that find suitability for packaging nets are fruits and vegetables, nuts, shellfish, sausages, meat products, and variety of frozen food products. Some of the common non-food products that are targeted in the packaging nets market are consumer goods, sports accessories, such as caps and toys.

Companies are expanding the range of packaging nets with different characteristics such as tensile strength, so that they are easy to use in different end-use industries. The choice of manufacturing technology, prevailing macroeconomic dynamics, and raw materials sourcing value chain are all crucial factors that influence the growth dynamics in the packaging nets market.

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Packaging Nets Market: Key Trends

The demand for packaging nets has gained traction among food and consumer brands for multiple reasons. The fact that customers are able to see and feel the final packed products makes the packaging nets acceptable and attractive packaging types. Also, suppliers’ labels are also visible, helping in transparency of the branding. The easy visibility of the products also makes the packaging increasingly attractive. All these factors are boosting the prospects of the packaging nets market.

Of all the broad application segments, the food industry has been contributing opportunity to packaging nets market at rapid pace. One of the aspects that show the suitability of packaging nets for packaging variety of meat products is their characteristic to retain the freshness of the products for longer duration. Over the years, synthetic packaging nets are gathering traction among brands. Growing demand for low-cost packaging nets is a key consumer trend in the market. The growing adoption of automated packaging lines has expanded the avenue for manufacturers of packaging nets.

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Packaging Nets Market: Competitive Development Analysis and Key Developments

A growing numbers of players are leaning on utilizing raw materials that are easily accessible and are also cost-effective. Further, they are looking to make packaging nets that are versatile with different packaging lines. In recent years, aspiring players are keen on meeting a wide cross-section of demand of end-use industries. To this end, several of the companies are keen on consolidating their production capacity. Another lucrative trend onto which top players are latching is the growing propensity of biodegradable packaging among consumers.

Some of the key players in the packaging nets market are Starlinger Group, S.M. Enterprise, NorPlex Inc., Lenzing AG, Intermas, GSH Group plc, Giró G.H., S.A., EXPO-NET, and SWM.

Packaging Nets Market: Regional Assessment

On the regional front, North America is a highly lucrative region. On the other hand, Asia Pacific has been emerging at fast pace, fueled by the strides made by food packaging sector. Rise in retail industry especially in emerging economies has boosted the revenue-generation potential of the region in the global packaging nets market.

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