Packaging Reel Market Trends and Forecast
The future of the global packaging reel market looks promising with opportunities in the electrical & electronic, metal, textile, agriculture, construction, and oil & gas markets. The global packaging reel market is expected to grow with a CAGR of 3.4% from 2024 to 2030. The major drivers for this market are increasing adoption of automated packaging systems, rising demand for recyclable packaging reels, and growth in online shopping.
• Lucintel forecasts that hose reel is expected to witness the highest growth over the forecast period.
• Within this market, electrical & electronic is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Packaging Corporation of America announced a partnership with a government initiative to increase the use of sustainable packaging reels in compliance with environmental regulations.
Germany: Mondi Group launched a new line of automated packaging reel solutions, targeting increased efficiency in the industrial sector and aligning with government goals for manufacturing innovation.
China: Smurfit Kappa expanded its production capacity for packaging reels to meet the growing demand driven by e-commerce growth and government initiatives supporting supply chain resilience.
Japan: Nippon Paper Industries introduced biodegradable packaging reel materials, aiming to meet government targets for reducing plastic waste and promoting eco-friendly packaging solutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Packaging Reel by Segment
The study includes a forecast for the global packaging reel by type, application, and region.
Packaging Reel Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Hose Reel
• Cable Reel
• Barrier Reel
• Cable Drum Reel
Packaging Reel Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Electrical & Electronics
• Metal
• Textile
• Agriculture
• Construction
• Oil & Gas
• Others
Packaging Reel Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Packaging Reel 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 packaging reel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the packaging reel companies profiled in this report include-
• Pentre Group
• Schill
• Müller Plastik
• Hubbell
• Hartmann and König Stromzuführungs
• Laser AG, Vandor Corporation
• Sonoco Products Company
Recent Development in the Packaging Reel Market
Packaging Corporation of America: Packaging Corporation of America has introduced a new line of sustainable packaging reels in collaboration with environmental initiatives. This initiative aims to reduce environmental impact and align with government regulations on eco-friendly packaging solutions, catering to the growing demand for sustainable packaging materials.
Mondi Group: Mondi Group, a global leader in packaging and paper solutions, has launched innovative automated packaging reel solutions. These new solutions target increased efficiency in the industrial sector by leveraging automation technology, meeting the demand for streamlined packaging processes and supporting government initiatives for manufacturing innovation.
Smurfit Kappa: Smurfit Kappa has expanded its production capacity for packaging reels to meet the rising demand driven by the growth of e-commerce and government initiatives promoting supply chain resilience. The companyÄX%$%Xs initiative reflects its commitment to providing reliable packaging solutions that support the evolving needs of the global market.
Nippon Paper Industries: Nippon Paper Industries has introduced biodegradable packaging reel materials as part of its sustainability efforts. This initiative aligns with government targets for reducing plastic waste and promoting eco-friendly packaging solutions. Nippon Paper Industries aims to address environmental concerns while meeting the demand for sustainable packaging materials in the global market.
Features of the Global Packaging Reel Market
Market Size Estimates: Packaging reel market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Packaging reel market size by type, application, and region in terms of value ($B).
Regional Analysis: Packaging reel 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 packaging reel market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the packaging reel market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for packaging reel market?
Answer: The global packaging reel market is expected to grow with a CAGR of 3.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the packaging reel market?
Answer: The major drivers for this market are increasing adoption of automated packaging systems, rising demand for recyclable packaging reels, and growth in online shopping.
Q3. What are the major segments for packaging reel market?
Answer: The future of the packaging reel market looks promising with opportunities in the electrical & electronic, metal, textile, agriculture, construction, and oil & gas markets.
Q4. Who are the key packaging reel market companies?
Answer: Some of the key packaging reel companies are as follows:
• Pentre Group
• Schill
• Müller Plastik
• Hubbell
• Hartmann and König Stromzuführungs
• Laser AG, Vandor Corporation
• Sonoco Products Company
Q5. Which packaging reel market segment will be the largest in future?
Answer: Lucintel forecasts that hose reel is expected to witness the highest growth over the forecast period.
Q6. In packaging reel 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.
Q7. 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 packaging reel market by type (hose reel, cable reel, barrier reel, and cable drum reel), application (electrical & electronics, metal, textile, agriculture, construction, oil & gas, and others), 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 Packaging Reel Market Market, Packaging Reel Market Market Size, Packaging Reel Market Market Growth, Packaging Reel Market Market Analysis, Packaging Reel Market Market Report, Packaging Reel Market Market Share, Packaging Reel Market Market Trends, Packaging Reel Market Market Forecast, Packaging Reel Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.