Israel Packaging Market Outlook

The israeli packaging market is expected to witness healthy growth over the next decade from 2018 to 2032, driven by the rising culture of sustainability, increasing population and the need for convenience. the market is led by the food and beverages packaging segment, followed by the healthcare sector. with the development in the industrial infrastructure, the network of retail stores and other consumer sectors, the demand for packaging is expected to increase in the country. the israeli packaging market is highly fragmented and comprises both domestic and international players. the domestic players include tadbir orient, p-lifyco, and a&a, among others, while internationally acclaimed companies include dupont, sonoco products company; and amcor. the market witnesses stiff competition from small companies that offer low-cost and quality products. also, the current market trend highlights the focus more on customization with product differentiation as a method to sustain in the industry. government regulations are the biggest challenge. this sector is highly dependent on a stringent regulatory landscape to maintain quality standards. increasing awareness regarding food safety, and public health has been a driving factor in food and beverage packaging as it ensures compliance with the food safety standards. the emergence of eco-friendly and sustainable packaging materials is expected to be a key factor driving industry growth as one of the major environment-friendly initiatives across the globe. also, packaging print technology has witness significant developments in recent years which is helping industry players in novel ways such as enabling better product visibility and assisting in product safety. this, coupled with the use of eco-friendly and lightweight packaging to reduce packaging costs significantly, is driving the market. the rising demand for convenience products is anticipated to boost the sales of packaged food products across the nation. moreover, the rapid growth of retail channels including supermarkets and hypermarkets over recent years is expected to spur product packaging demand. overall, the israel packaging market is expected to grow at a robust rate during the forecast period as the trend of convenience and sustainability continues to gain demand. factors such as product differentiation, customization and affordable products is estimated to contribute to the stable growth of the market.