The global micro packaging market is expected to grow from USD 5.71 billion in 2024 to USD 25.39 billion by 2034, with a CAGR of 16.09%. This report covers key segments, including food and beverage, pharmaceutical, and personal care. North America is projected to hold a significant share of 36.92% in 2024, while Asia-Pacific is expected to grow the fastest at 18.98%. The analysis includes major companies like Amcor, Cosmo Films, and Thermo Fisher Scientific, along with a detailed look at manufacturers, suppliers, and trade data.
Recent Developments by Key Market Players
- March, 2024: Thermo Fisher Scientific opened its first formal office in Indonesia, marking the development of its local business. The opening of the new facility marks an important turning point as the company moves from its present regional office to a larger area. The company is dedicated to improve Indonesias growing science and technology landscape, particularly in the important fields like healthcare, sustainable energy, biopharmaceuticals and food safety.
- March, 2023: Amcor revealed a collaborative study partnership with Nfinite Nanotechnology Inc. to test the application of nanocoating technology by Nfinite to improve both recyclable and compostable packaging. During the prototype development phase of the project, Nfinites coating technology will be applied to Amcors pre-existing compostable and recyclable packaging. The goal is to provide an oxygen barrier that improves performance for recyclable and biodegradable packaging.
Key Market Companies
- Amcor Plc
- Cosmo Films
- Bollore Inc.
- Uflex Ltd.
- Amerplast Ltd.
- Avery Dennison
- Thermo Fisher Scientific
- Bemis Company, Inc.
- Aera SA
- TCL Packaging
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