Market Overview:
The global Mil Spec Packaging market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for Mil Spec Packaging from various end-use industries, such as shipping, storage, and transportation. In addition, the growing awareness about the benefits of using Mil Spec Packaging is also contributing to the growth of this market. Some of the major players operating in this market are Amcor Ltd., Bemis Company Inc., Berry Plastics Corporation, Sealed Air Corporation and Sonoco Products Company.
Product Definition:
Mil Spec Packaging is a type of packaging that meets military standards. It is often used for products that need to be transported or stored in difficult conditions, such as in high temperatures or in moisture-rich environments. Mil Spec Packaging can also be used to protect sensitive equipment from damage during transport.
Film Foil:
Film foil is a thin metal sheet that is used in packaging to provide additional protection and stiffness to the packaging. It can also be used as an alternative for paper in some cases. The material has several advantages over paper including lightweight, low cost, recyclability and non-biodegradability which are expected to drive its demand over the forecast period.
Poly Kraft:
Poly kraft is a high-performance, versatile paperboard made from wood pulp. It has excellent strength and stiffness as compared to conventional wood-based paperboards. The material is used in packaging for military specifications such as live ammunition, explosives, missiles, and nuclear materials due to its ability to protect contents from water vapor and oxygen.
Application Insights:
Storage application dominated the global mil spec packaging market in 2017, accounting for over 45% of the overall revenue share. The growth can be attributed to increasing demand for storage facilities at both domestic and international levels. At present, there is a surge in demand for packaged food owing to rapid urbanization and growing middle-class population across developing countries including China, India and Brazil. This trend is expected to drive the storage segment over next few years.
Shipping was estimated as largest revenue generating segment in 2017 due largely to rising use of shipping containers around the world since late 1980s - early 1990s as an economical way of shipping goods through ocean freight services on account of their lightweight characteristics that make them ideal choice from among various types available in market regarding transportation & handling applications.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is anticipated to continue its dominance over the forecast period. The growth of this region can be attributed to increasing military spending by countries such as China, India, Pakistan and others. North America is expected to grow at a significant rate over the forecast period owing to stringent regulations by Defense Logistics Agency (DLA) pertaining to packaging requirements for hazardous material shipments. Europe mil spec packaging market is also expected witness considerable growth due rising demand for high-quality products from various application segments such as transportation & storage, shipping & warehousing and manufacturing industries. Moreover, growing defense budget in economies including Germany; UK; France; Italy etc.
Growth Factors:
- Increasing demand for Mil Spec Packaging from the defense sector due to increasing military expenditure by governments across the world.
- Rising demand for Mil Spec Packaging from the medical device and pharmaceutical industries due to growing awareness about hygiene and safety among consumers.
- Growing popularity of Mil Spec Packaging among end-use industries as a result of its ability to protect products from environmental factors such as moisture, dust, and temperature fluctuations.
- Technological advancements in packaging machinery that are helping manufacturers reduce production costs and increase efficiency in mil spec packaging operations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mil Spec Packaging Market Research Report
By Type
Film Foil, Poly Kraft, Poly Mylar
By Application
Shipping, Storage, Transportation
By Companies
Edco Supply Corporation, Royco Packaging, Mil-Spec Packaging of Georgia, Adsorbents & Desiccants Corporation of America, Protective Packaging Corporation, Accuspec Packaging Corporation, Reid Packaging
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Mil Spec Packaging Market Report Segments:
The global Mil Spec Packaging market is segmented on the basis of:
Types
Film Foil, Poly Kraft, Poly Mylar
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Shipping, Storage, Transportation
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Edco Supply Corporation
- Royco Packaging
- Mil-Spec Packaging of Georgia
- Adsorbents & Desiccants Corporation of America
- Protective Packaging Corporation
- Accuspec Packaging Corporation
- Reid Packaging
Highlights of The Mil Spec Packaging Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Film Foil
- Poly Kraft
- Poly Mylar
- By Application:
- Shipping
- Storage
- Transportation
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mil Spec Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mil Spec packaging is a type of military packaging that is designed to protect equipment from damage during transport. The packages are often made out of strong materials such as aluminum or fiberglass, and they typically have a waterproof sealant applied to the seams.
Some of the major companies in the mil spec packaging market are Edco Supply Corporation, Royco Packaging, Mil-Spec Packaging of Georgia, Adsorbents & Desiccants Corporation of America, Protective Packaging Corporation, Accuspec Packaging Corporation, Reid Packaging.
The mil spec packaging market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mil Spec Packaging Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Mil Spec Packaging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mil Spec Packaging Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Mil Spec Packaging Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Mil Spec Packaging Market Size & Forecast, 2020-2028
4.5.1 Mil Spec Packaging Market Size and Y-o-Y Growth
4.5.2 Mil Spec Packaging Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Film Foil
5.2.2 Poly Kraft
5.2.3 Poly Mylar
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Shipping
6.2.2 Storage
6.2.3 Transportation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mil Spec Packaging Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Mil Spec Packaging Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Film Foil
9.6.2 Poly Kraft
9.6.3 Poly Mylar
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Shipping
9.10.2 Storage
9.10.3 Transportation
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Film Foil
10.6.2 Poly Kraft
10.6.3 Poly Mylar
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Shipping
10.10.2 Storage
10.10.3 Transportation
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Film Foil
11.6.2 Poly Kraft
11.6.3 Poly Mylar
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Shipping
11.10.2 Storage
11.10.3 Transportation
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Film Foil
12.6.2 Poly Kraft
12.6.3 Poly Mylar
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Shipping
12.10.2 Storage
12.10.3 Transportation
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Film Foil
13.6.2 Poly Kraft
13.6.3 Poly Mylar
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Shipping
13.10.2 Storage
13.10.3 Transportation
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Mil Spec Packaging Market: Competitive Dashboard
14.2 Global Mil Spec Packaging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Edco Supply Corporation
14.3.2 Royco Packaging
14.3.3 Mil-Spec Packaging of Georgia
14.3.4 Adsorbents & Desiccants Corporation of America
14.3.5 Protective Packaging Corporation
14.3.6 Accuspec Packaging Corporation
14.3.7 Reid Packaging
