Micro flute market has been growing very fast due to its lightweight and better printing attributes.
What is the market size of micro flute, and what will be the key developments in the microflute market?
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The micro flute market size was around $27 billion in 2018 and is expected to reach around $37 billion by 2025.
Micro flute will see demand boosted by online retailing. The improving retail market in developing and emerging markets will also help increase demand for microflute packaging.
There will be some cuts in packaging materials to reduce costs and wastes. These changes will be in size, design, shape or the amount of materials used. This will help microflute packaging to be used as primary packaging.
Micro flute packaging will face some threats from rigid and flexible plastic packaging across all major end users. However, improvement in design and printing capabilities will also help microflute packaging to take some share from folding cartons packaging. This will help microflute packaging to make its inroads into premium products categories.
Microflute packaging producers should closely work with brand owners to make inroads into new product categories. This will bring some innovation in terms of design and quality in the packaging. Integrated producers will be the most beneficial from such development as they can easily control the quality and requirements from the first stage given their control on substrates and raw materials.
Microflute packaging producers should innovate ways to reduce costs and maintain quality to stand against the rise of rigid plastic packaging, particularly in the retail and shelf-ready packaging.
The paper packaging industry should highlight the environmental-friendly aspects of the paper packaging. This will help microflute packaging against the rising market share of plastic packaging.
The food sector is set to offer a number of opportunities to the packaging industry; but cost, effectiveness and consumer behaviour will be some of the factors to decide on the type of packaging. Commodity Inside will see microflute packaging to increase its market share in the non-food sectors by taking share from the traditional packaging such as folding cartons and set up boxes.