Halal Packaging Market Trends and Forecast
The future of the global halal packaging market looks promising with opportunities in the food & beverage, cosmetics & personal care, and pharmaceutical markets. The global halal packaging market is expected to reach an estimated $391.0 billion by 2030 with a CAGR of 6.7% from 2024 to 2030. The major drivers for this market are rising muslim population globally, stringent halal regulations and certification requirements, and increasing consumer awareness and preference for products.
• Lucintel forecasts that cosmetic is expected to witness the highest growth over the forecast period.
• Within this market, food & beverage is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States - Tyson Foods announced plans to expand its range of halal-certified products with improved halal packaging, targeting Muslim consumers. Government support for halal industry growth through investment incentives further encourages companies to develop compliant packaging solutions.
Indonesia - Indofood, a major food manufacturer, committed to increasing the use of halal-certified packaging materials, aligning with government targets to strengthen IndonesiaÄX%$%Xs position as a global halal hub. Collaboration between industry and government aims to enhance halal packaging standards and infrastructure.
United Arab Emirates - Dubai-based Halal Packaging Industries introduced innovative halal-compliant packaging solutions, meeting stringent Islamic requirements for hygiene and food safety. The governmentÄX%$%Xs focus on promoting halal trade and investment creates a conducive environment for companies to develop and adopt halal packaging technologies.
Malaysia - Halal Industry Development Corporation (HDC) collaborated with local packaging companies to set ambitious targets for increasing the export of halal-certified packaging materials, in line with MalaysiaÄX%$%Xs goal to become a global halal packaging hub. Government support through funding and regulatory frameworks facilitates industry growth and innovation.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Halal Packaging by Segment
The study includes a forecast for the global halal packaging by type, application, and region.
Halal Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Cosmetics
• Pharmaceuticals
• Health Products
• Medical Devices
• Electronic Media
• Others
Halal Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Food & Beverage
• Cosmetics & Personal Care
• Pharmaceuticals
Halal Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Halal Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies halal packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the halal packaging companies profiled in this report include-
• Al Halal Packaging
• MM Karton
• Varsity Packaging
• Dubai Packaging Industries
Recent Development in the Halal Packaging Market
Indofood: Indofood introduced a new range of halal-certified packaging materials made from sustainable and eco-friendly sources, aligning with consumer demand for ethical and environmentally conscious products.
Tyson Foods: Tyson Foods unveiled an innovative halal packaging design featuring enhanced tamper-evident seals and clear labeling to ensure product authenticity and meet stringent halal certification standards, catering to the growing Muslim consumer market.
Halal Packaging Industries: Halal Packaging Industries launched a groundbreaking initiative to develop halal-certified packaging materials using cutting-edge technology, ensuring compliance with Islamic dietary laws while maintaining product quality and safety standards.
Halal Industry Development Corporation (HDC): HDC collaborated with leading packaging companies to establish a Halal Packaging Innovation Center, dedicated to research and development of advanced halal packaging solutions, fostering industry growth and innovation in MalaysiaÄX%$%Xs halal sector.
Features of the Global Halal Packaging Market
Market Size Estimates: Halal packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Halal packaging market size by type, application, and region in terms of value ($B).
Regional Analysis: Halal packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the halal packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the halal packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the halal packaging market size?
Answer: The global halal packaging market is expected to reach an estimated $391.0 billion by 2030.
Q2. What is the growth forecast for halal packaging market?
Answer: The global halal packaging market is expected to grow with a CAGR of 6.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the halal packaging market?
Answer: The major drivers for this market are rising muslim population globally, stringent halal regulations and certification requirements, and increasing consumer awareness and preference for products.
Q4. What are the major segments for halal packaging market?
Answer: The future of the global halal packaging market looks promising with opportunities in the food & beverage, cosmetics & personal care, and pharmaceutical markets.
Q5. Who are the key halal packaging market companies?
Answer: Some of the key halal packaging companies are as follows:
• Al Halal Packaging
• MM Karton
• Varsity Packaging
• Dubai Packaging Industries
Q6. Which halal packaging market segment will be the largest in future?
Answer: Lucintel forecasts that cosmetic is expected to witness the highest growth over the forecast period.
Q7. In halal packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the halal packaging market by type (cosmetics, pharmaceuticals, health products, medical devices, electronic media, and others), application (food & beverage, cosmetics & personal care, and pharmaceuticals), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Halal Packaging Market Market, Halal Packaging Market Market Size, Halal Packaging Market Market Growth, Halal Packaging Market Market Analysis, Halal Packaging Market Market Report, Halal Packaging Market Market Share, Halal Packaging Market Market Trends, Halal Packaging Market Market Forecast, Halal Packaging Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.