The global clamshell packaging market size is expected to reach USD 13,949.93 million by 2032, according to a new study by Polaris Market Research. The report “Clamshell Packaging Market Share, Size, Trends, Industry Analysis Report, By Product Type (Trays, Bowls, and Boxes & Containers); By End-User; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Drastic growth in the demand from the food industry across the world and growing transition among consumers' and manufacturers' preference for transparent clamshell packaging to enhance consumer interaction with the actual product are key factors expected to boost the growth of the global market throughout the forecast period. Moreover, the surging demand for various types of convenience food services as a result of the change in consumer lifestyle and eating habits, especially in the urban population, is anticipated to impact the market growth positively over the coming years.
For instance, according to a report by United Nations, nearly 55% of the population resides in urban settings, and this percentage is anticipated to grow to 68%, by 2050. The world's urban population has seen tremendous growth and has grown rapidly from 751 million in 1950 to over 4.4 billion in 2021. By 2050, India is likely to add 416 Mn urban dwellers, China around 255 Mn, & Nigeria 189 Mn.
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In recent years, the clamshell packaging has gained high traction, as it can be easily personalized to protect & accommodate appropriately to the size and shape of the product. Moreover, a few new developments have taken place in the global market, like using paperboard as a material in the production of clamshell packaging boxes is contributing to the market growth positively. For instance, in February 2022, WestRock Company announced its plan to construct a new corrugated box manufacturing facility in the Pacific Northwest. The new plant will strengthen and help the company cater to the rising need and demand for corrugated packaging, including corrugated clamshells.
The rapid emergence of the deadly coronavirus negatively affected the demand during the pandemic due to highly halted manufacturing and the massive reduction in the demand for non-essential and luxury products worldwide. The low demand from various industries, including the electronics and food industry, due to imposed lockdown by the government of various countries is further resulted in a slight decline in demand of clamshell packaging.
Clamshell Packaging Market Report Highlights
Polaris Market Research has segmented the clamshell packaging market report based on product type, end-user and region:
Clamshell Packaging, Product Type Outlook (Revenue - USD Million, 2019 - 2032)
Clamshell Packaging, End-User Outlook (Revenue - USD Million, 2019 - 2032)
Clamshell Packaging, Regional Outlook (Revenue - USD Million, 2019 - 2032)