The latest market report published by Credence Research, Inc. Halal Packaging Market, By Application - Growth, Future Prospects and Competitive Analysis, 2016 2024, the halal packaging was valued at US$ 25.9 Bn in 2015, and is expected to each US$ 56.2 Bn by 2024, expanding at a CAGR of 9.1% from 2016 to 2024.

Browse the full Halal Packaging Market - Growth, Future Prospects and Competitive Analysis, 2016 2024 report at http://www.credenceresearch.com/report/halal-packaging-market

Market Insights

Halal referring to lawful or allowable has become an authority in terms of quality and guarantee especially for Muslims right from consumption of food or medicine or application of a particular consumer good. Companies from every sector are eyeing halal market, owing to demand for animal welfare, environmental protection and sustainability among consumers worldwide. Halal industry mainly revolves around cosmetic, pharmaceutical and food. However, there has been paradigm shift leading to manufacturers shift to logistics, packaging, branding and other aspects. Halal packaging basically involves usage of everything related to halal certified raw material for packaging, halal certified machinery and equipment, halal grade lubricants for food and beverages, pharmaceuticals and consumer goods.

Halal packaging market is driven by factors such as increasing Muslim population leading to demand for halal certified products, increasing uptake of halal-based products among Muslim as well as non-Muslim population, growing inclination of manufacturers to obtain halal certification and others. Other factors stimulating the halal packaging market growth include growing purchasing power parity, inclination of consumers towards high-end products leading to adoption of such among players operating in the overall halal packaging market. However, high cost incurred due to obtain halal certification for packaging restricts market growth.

In 2015, Middle East and Africa dominated the market in terms of revenue share, followed by Asia Pacific and Europe. Asia Pacific accounted for around 35% of the overall halal packaging market and is further expected to record highest CAGR over the forecast period. Some of the factors fuelling the halal packaging market growth in the region include growing food and beverages industry in countries such as India and China, increasing processed food industry and rising consumer awareness for safe and healthy food products coupled with companies looking for more sustainable packaging solutions especially for halal certified products.

Overall halal packaging market is consolidated in nature with players seeking approval for packaging materials developed by the respective companies. This is intended to offer wide product range to its end users along with mitigation of standards for halal. Some of the prominent players identified in the halal packaging market include Al Halal Packaging, Varsity Packaging and MM Karton. There are other notable players who are engaged in developing efficient and sustainable halal packaging solutions to meet the standards set by halal certification authorities across the globe.

Browse the full Halal Packaging Market - Growth, Future Prospects and Competitive Analysis, 2016 2024 report at http://www.credenceresearch.com/report/halal-packaging-market

A halal snack pack, or HSP, is a dish consisting of halal-certified doner kebab meat (lamb, chicken, or beef), chips, and different kinds of sauces, usually chili, garlic and barbecue.  Yoghurt, cheese, jalapeño peppers, and hummus are common additions. It is traditionally served in a styrofoam container, and has been described as a staple takeaway dish of kebab shops in Australia. Some Australian restaurant menus refer to the dish as a "snack pack", "snack box" or "mixed plate", rather than as a "halal snack pack". The name of the dish was chosen by the Macquarie Dictionary as the "People's Choice Word of the Year" for 2016

The Halal Snack Pack Appreciation Society is a Facebook group established in December 2015 by Luke Eagles and Ryan Durrington and is the centre of halal snack pack subculture. The group had 16,000 members sign on in its first month. As of November 2017, the group has more than 183,500 members.  Like the dish, the subculture within the group is a blend of Middle-Eastern and Western. Both Muslim and non-Muslim members use Islamic words in a tongue-in-cheek fashion, expressing approval of a snack pack by describing it as "halal" or disapproval by describing it as "haram". A member who requests tomato sauce or salad (e.g., lettuce or tabbouleh), with their snack pack is referred to as a "haram dingo",and the page states that such users should be banned.

One of the goals of the Facebook group is to identify the potential for the world's best halal snack pack. The group also raises funds to support the Australian Relief Organisation, an organization that assists underprivileged people to attain cataract surgery and assists orphanages with matters regarding water supplies. Source: Wikipedia

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