Market Segmentation (by Application)
- Pharmaceutical:
Accounts for 45% of total production.
Focused on safe, contamination-free packaging solutions.
- Cosmetics & Personal Care: Represents 30% of market demand, driven by premiumization and aesthetic appeal.
- Food: 15% share, with demand for safe, long-lasting packaging solutions for condiments and edible products.
- Industrial: Utilized for adhesives and sealants requiring robust barrier properties.
Market Segmentation (by Type)
- Less than 20mm:Ideal for products like ointments and adhesives.
- 20 to 40mm:The most popular segment, used for cosmetics and toothpaste packaging.
- More than 40mm:Preferred for food and industrial applications requiring larger volume