The global clinical research industry is in a transition phase as major giants are turning to emerging economies across the Asia Pacific to conduct clinical research which is projected to offer lucrative revenue generation avenues for the Clinical Trial Packaging & labelling competitors.

Increasing awareness among manufacturers to tackle counterfeit products especially in developing countries is anticipated to boost the growth of active, smart and intelligent packaging at a significant rate during the forecast period.

Thermoforming is a manufacturing process in which paperboard, plastic, or aluminium sheets are heated to a temperature such that the desired product can be easily bent. Thermoform packaging is primarily used to store food to keep it fresh and to increase the product’s shelf life. Retailers, the owners of products and food processors favour thermoformed plastic containers over other packaging techniques.

The top 30 companies in the glass packaging market have been determined to account for $29,720m in 2018, a figure that accounts for 54.77% share of the total market.

The global rigid plastic packaging market size was valued at USD 200.4 billion in 2019, expected to grow at a CAGR of 3.9% during the forecast period.