Increasing Regulatory Compliance and end use Demand to Drive Growth of Global First Aid Kit Packaging Market - TMR
- Growing adoption of first aid kits in the automobile industry and increasing compliance and demand for the same in working places are expected to drive the global first aid packaging market in coming years
- With innovative packaging methods and materials, the market is expected to witness lucrative opportunities in future
ALBANY, New York, May 20, 2020 /PRNewswire/ -- Transparency Market Research has published a new research report that provides a detailed information about the global first aid kit packaging market. The research report tries to shed light on the key market segments, driving and restraining factors, geographical outlook, and the competitive landscape of the global market.
As per the research report, the global first aid kit packaging market is projected to showcase a highly promising CAGR of 4.0% over the course of the given period of forecast ranging from 2019 to 2027. Initially, the global market was valued at US$282.6 Mn in 2019.
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Global First Aid Kit Packaging Market – Key Takeaways
- In terms of type of packaging, cases or boxes have been the popular choice for the first aid kit packaging because of their spaciousness, convenience, and durability. The segment is more popular in comparison to pouches and bags.
- Other notable packaging types are bags, cabinet, and backpack. These segments are also expected to witness a promising growth in coming years.
- In terms of material, the global market is segmented into plastic, metal, fabric, and glass. Of these, the segment of textile fabric has been witnessing a highly fast paced development in recent years. This growth of the segment is due to the increasing demand for backpacks and bags.
- In terms of end user, the global market for first aid kit packaging is segmented into military, automotive, residential, sports, offices, and industrial.
- Of these the automotive segment is projected to witness a highly promising growth in the coming years of the forecast period.
- In addition to this, the segments of offices and sports are also expected witness a fast paced growth in the near future.
- Based on product, the global market is segmented into mounted and portable. The portable first aid kit packaging is expected to witness an increased level of adoption.
Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global First Aid Kit Packaging Market (Type - Boxes, Bags, Cabinet, Backpack; Material Type - Plastic, Metal, Fabric, Glass; Product Type - Portable, Mounted; End Use - Military, Automotive, Residential Purposes, Sports, Offices, Industrial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027 at https://www.transparencymarketresearch.com/first-aid-kit-packaging-market.html