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Halal Packaging Market: Value Chain Analysis and Forecast 2024

01-02-2018 12:04 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Halal Packaging Market: Value Chain Analysis and Forecast 2024

The term ‘Halal’ refers to permitted under Muslim law. Many of us assume that the term ‘Halal’ refers to food only; however, Halal certification can apply to a number of categories, including food, beverages, pharmaceuticals, healthcare, cosmetic products, and also packaging. Increasing population of the Muslim community across the world, coupled with increasing awareness about Halal certification, is anticipated to drive demand for Halal products and services across the world in the coming years.

Major growth drivers for the Halal packaging market include: growing Muslim population across the world, increased marketability of products due to Halal certification, and improved awareness about Halal certified products and services. However, the increased cost of products in case of carrying out customized Halal packaging can pose a threat to the market growth.

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The Halal packaging market can be segmented on the basis of end use industry, which typically includes food and beverages, cosmetics, and others. It can also be classified on the basis of various materials such as plastic and paper.

As the name suggests, Halal packaging involves using Halal certified raw materials for packaging materials and Halal certified lubricants for packaging machinery. The lubricants used in packaging machinery should strictly avoid the use of porcine stearates.

Cardia Bio-plastics, a supplier of sustainable resins to the global plastic and packaging industries, has received Halal certification for its range of bio-hybrid resins.

Generally, polymers are produced from petroleum based raw materials. However, additives are added to the polymers to improve their properties. For Halal consumers, the primary concern is the usage of additives derived from indefinite sources for the manufacture of polymer resins. The usage of additives which are derived from non-halal animals (animals which are not permitted for slaughtering according to Islamic law, such as swine) or from permitted animals which were not slaughtered in accordance with Islamic slaughtering / Halal rules, is prohibited for Muslim consumers.

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With regards to Halal packaging, the polymer resins utilized to produce the packaging material contain additives derived from Halal sources and a certificate for guaranteeing that the Halal reliability of the polymer resins is maintained throughout the entire supply chain.

As per the Halal packaging practices, during the manufacturing process, a qualitative investigation for screening and identifying any trace of animal-based element used in additives is conducted, and if any such element is found, it is subsequently substituted with equivalent additives from Halal sources.The method for ensuring if the polymer resins used for packaging are Halal certified involves:

Regionally, in view of the booming Muslim population in the Middle East, North Africa, and South and Southeast Asia, the market in these regions is anticipated to lead the overall Halal packaging market, and would be followed by the former Soviet Union and China markets. Also, each region has its own Halal authority for giving Halal certification to a product or a service.

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Major market players in Halal packaging market include MM Karton, Varsity Packaging, and Al Halal Packaging. Currently, the market is fragmented with a very few market players. However, the packaging giants are enthusiastic about getting Halal certification, as the market potential of Halal packaging is projected to be very high. If the players in the packaging business want to become Halal certified, they may have to change some of their suppliers or modify their production process.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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