Bicycle Bags and Bag-packs Market Size, Share, CAGR & Forecast Report for 2029

The bicycle bags and bag-packs market size is projected to reach a valuation of US$ 489.5 Mn in 2022, likely to surge at a vigorous 5.8% CAGR from 2022 – 2029

There is a significant increase in bicycle long tours among the young population worldwide. Growing cycle tourism and long tours for a social cause are the major reasons for the increase in the number of bicycle long tours. Long tours demand for various types of carrier bags to carry the essential things for the journey. Cycle carrier bags are specifically designed to be mounted onto bicycle frame so as to relieve the cyclists from carrying weight on his back.

Cycle carrier bags lowers the centre of gravity of the bicycle that makes controlling the bicycle much easier with compact transportation of the gear such as food, clothing, and biking tools. Consequently, there is a growing demand for cycle carrier bags globally.

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Key Takeaways from the Bicycle Bags and Bag-packs Market Study

Asia Pacific region is at forefront for cycling globalization. There is a considerable young population in this region. The benefits of cycling to maintain a healthy lifestyle is a major factor influencing the millennial. Government in this regions are taking initiatives to promote cycling activities such as development of cycling tracks, cycle sharing spots, and arranging cycling events.According to Union Cycliste Internationale (UCI), Asia region is extremely active in hosting major cycling events. Currently, there are 40 UCI Continental Teams registered in Asia, which is more than twice of 2009 having 17 teams.

Also, a significant number of manufacturers of bicycle bags and bag-packs is present in this region. Considering all these factors, Asia Pacific regions holds potential opportunities for bicycle bags and bag-packs market. Association of manufacturers with governmental initiatives is anticipates to generate new opportunities in this region.E-commerce sales channel is estimated to generate high revenue in the forecasted years for the bicycle bags and bag-packs market owing to increasing internet usage among consumers.

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“Manufacturers are developing bicycle bags and bag-packs by targeting the growing number of women cyclists such that the bags cater its basic function in a fashionable way. The low awareness among consumers about Bicycle Bags and Bag-packs when compared with other personal care products is major barrier of the market growth. Consequently, effective advertising is essential for the rapid growth of bicycle bags and bag-packs market.” says an FMI analyst.

Celebrity Endorsement to Inspire Consumer’s Buying Behaviour

An emerging trend in the bicycle bags and bag-packs market is the increasing number of key players appointing various celebrities from the field of sports and films to endorse their products, with an objective to influence consumers to adopt the same. This is winning trust of the customers and attracting them to use of bicycle bags and bag-packs instead of conventional bags.

Who is winning?

Some of the key players operating in the bicycle bags and bag-packs market are as Shimano, Inc., Giant Manufacturing Co., Ltd., Merida Industry Co Ltd., Wiggle Ltd., BROOKS ENGLAND, Recreational Equipment, Inc., Ortlieb USA, Topeak, Trek Bicycle Corporation, Velotransit, MAINSTREAM-MSX, Madden Equipment, Lone Peak Packs, Inertia Designs, Deuter Sport GmbH, and others. Several leading market players are engaged in partnership with other companies to increase their product offering across the world. Moreover, companies are engaged in celebrity endorsement and product innovation.

For instance, the BLS Group features famous professional cyclists such as Mariske Strauss, Nate Koch, and Jolien D’hoore as brand ambassadors.

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BICYCLE BAGS AND BAG-PACKS MARKET TAXONOMY

The global bicycle bags and bag-packs market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Product Type

  • Cycle Carrier Bags
  • Bag-packs

Sales Channel

  • Offline
    • Specialty Bicycle Retailers
    • Full Line Sporting Goods Stores
    • Department & Others
  • Online

Region

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East and Africa

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Polyethylene Mailers Market : Global Industry Analysis and Opportunity Assessment 2020-2030

E-commerce has become a powerful phenomenon in the retail industry. Every year the online shopping business has demonstrated a rising trend and absorbing a share of the retail market.

The retail market has become highly competitive with an increasing number of entrants entering the market continuously whose inseparable component is the packaging. These factors tend to boost the growth for the polyethylene mailers market.

Polyethylene mailers are easier to handle and also lesser in weight compared to that of other formats. This provides the retail industry to ship light in any weather and at an economical cost paving way for the growth of the polyethylene mailers market.

Moreover, the polyethylene mailers protect products from water which the other formats might not provide at an economical cost which is one of the strengths of the polyethylene mailer and also an opportunity for brand owners to increase their profit margin.

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Polyethylene mailers market: Dynamics

The recent trends observed in the polyethylene mailers market is the recyclability of these polyethylene mailers. This results in sustainability for the polyethylene mailers reducing the hazards of plastic.

Polyethylene mailers are economical formats of packaging for the retailers and the brand owners compared to other rigid formats available in the market and thus, with the increased benefits such as advertisement space, polyethylene mailers allow the businesses to enhance their visibility.

These factors drive the demand for the polyethylene mailers and raise the demand for polyethylene mailers market. The polyethylene mailers come in various sizes which fits in the product with no scope for packaging material wastage.

The polyethylene mailers also have the information on their surfaces of how they can be recycled or reused, this creates effective sustainability and adherence to the government regulations which is expected to grow the demand for the polyethylene mailers market.

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Polyethylene mailers market: Key players and market structure analysis

The Key players in the polyethylene mailers market are,

  • Poly-Pak Industries Inc
  • Pac Worldwide Corp
  • Airpack SpA
  • Ampac Services Inc
  • Associated Bag Co
  • Kinart Packaging LLC
  • Transco Plastic Industries Ltd
  • Jiffy Packaging GmbH
  • Atlantic Tape Co Inc
  • Laddawn Inc
  • Surface Guard
  • EcoEnclose

The fastest growing e-commerce markets would have the direct impact on the polyethylene mailers market. The Asia Pacific market is leading with charge in the global e-commerce industry, countries such as India, Philippines, China, Malaysia, Indonesia and South Korea.

Polyethylene mailers market: Segmentation

The Polyethylene Mailers Market can be segmented based end-use and capacity.

By end-use, the global polyethylene mailers market can be segmented into

  • Stationery Items
  • Pharmaceuticals
  • Textile
  • Jewellery
  • Other Consumer Goods

By Capacity, the global polyethylene mailers market can be segmented into

  • Less than 500 g
  • 501 to 1000 g
  • 1001 to 2000 g
  • More than 2000 g

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Cement Sacks Market Size & Share | Industry Trends Analysis Report for 2029

Cement sacks are made of paper, plastics, and jute. Cement sacks have high strength and load-bearing capacity and are therefore used in the building & construction industry where there is a need for heavy duty packaging solutions. The packaging industry is focusing on end-user convenience.

To optimize efficiency and cost, higher preference is given to lightweight packaging solutions that deliver high performance at a lower cost. Cement sacks are custom designed to meet the requirements of shippers and provide high-quality protection that meets easy handling, shipping, service, and storage requirements.

Cement sacks are easy to manufacture and offer a number of added benefits that go a long way in making them one of the ideal preferences in the market. Furthermore, cement sacks are highly customizable and can be manufactured as per customer requirements.

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Global Cement Sacks Market – Dynamics

The demand for cement has increased to a significant level in the emerging economies due to high growth in urbanization and industrial sectors. Cement sacks offer optimum strength and good material handling during transportation and shipping.

However, plastic cement sacks still dominate the cement packaging market in some countries but are expected to lose significance owing to the introduction of high-quality industrial paper cement sacks. It is noticed that despite being high in demand, there are very few manufacturers for cement sacks present in India and ASEAN countries.

This will create enormous growth opportunities for the new entrants in the cement sacks market. Manufacturers of cement sacks are ramping up their production lines to produce cement sacks designed to be compatible with sack filler machines.

Global Cement Sacks Market – Regional Overview

Canada is expected to witness the highest CAGR for the North America cement sacks market during the forecast period. Furthermore, in the Asia Pacific region, India and China are anticipated to witness substantial growth during the forecast period. Owing to the upsurge construction sector in these 2 emerging economies. However, the cement sacks market in Middle East & Africa is estimated to witness lethargic growth during the forecast period.

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Global Cement Sacks Market – Key Players

A few of the key players in the cement sacks market are Mondi Group Plc, Klabin S.A., BillerudKorsnäs AB, Smurfit Kappa Group Plc, Conitex Sonoco USA Inc., Segezha Group, LC Packaging International BV, Rengo Co., Ltd., Gascogne SA, Industrial Development Company Sal (Indevco), etc.

The report on cement sacks market is a compilation of first-hand information, and qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain.

The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. Cement sacks market also maps the qualitative impact of various market factors on market segments and geographies.

Global Cement Sacks Market – Segmentation

The global cement sacks market is segmented by material type, product type, and capacity. The pricing for cement sacks has being done based on material type segment in US$ million, and the volume is considered in tonnes.

On the basis of material type, the global cement sacks market is segmented into –

  • Plastic
  • High Density Polyethylene (HDPE)
  • Low Density Polyethylene (LDPE)
  • Linear Low Density Polyethylene (LLDPE)
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Polyvinyl Chloride (PVC)
  • Other Plastic
  • Paper
  • Bleached Paper
  • Unbleached Paper
  • Jute

On the basis of product type, the global cement sacks market is segmented into –

  • Sewn Open Mouth
  • Pinched Bottom Open Mouth
  • Valve Sacks
  • Open Mouth Sacks

On the basis of capacity, the global cement sacks market is segmented into –

  • Less than 10 kg
  • 11 kg – 30 kg
  • 31 kg – 40 kg
  • Above 40 kg

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Dairy Products Packaging Market is likely to progress at a CAGR of 4.5% between 2022 and 2030

The global dairy product packaging market has seen a volatile market growth during the last few years due to sluggish growth on the part of global dairy production and unbalanced supply & demand

In its latest report, Future Market Insights has estimated steady growth in the dairy product packaging market for the period of assessment between the years 2022 and 2030. Widespread milk consumption on a global scale, applications of dairy products in the food and beverage sector, and strict food safety regulations are aiding growth.

The growing awareness about the importance of packaging in the dairy industry to minimize the risk of adulteration and contamination is a key driver. Also, logistics and transport requirements and roles in boosting shelf-life is positively influencing growth prospects.

The global dairy products packaging market is likely to progress at a CAGR of 4.5% between 2022 and 2030, reaching US$ 43.6 Bn by the year 2030.

Demand for smaller-portion packaging options coupled with higher disposable incomes and standards of living have significantly bolstered demand. Research into eco-friendly packaging solutions are likely to benefit the industry in the long-term.

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Key Takeaways of the Dairy Products Packaging Market Report

  • Flexible packaging formats are expected to display fast growth on the back of logistics benefits provided to dairy producers, particularly in developing economies.
  • Paper and paperboard materials are likely to reflect high demand with applications in Tetra Pak formats and benefits of printing substrate.
  • Packaging for milk will remain the key revenue contributor in the industry, owing to higher consumption by a health-conscious consumer base.
  • North America is a the leading market aided by a massive milk production sector, and high consumption of cheese, yogurt, and flavored milk products.

“Dairy packaging has transitioned from glass bottles to polyethylene pouches, paper cartons, and tins, to tetra packs and aluminum cans.

The growing demand and distribution of dairy products through organized and robust retail supply chain channels has also bolstered the demand for dairy product packaging on a global scale,” says an FMI analyst.

Category-wise Insights

The global market for dairy products packaging is segmented on the basis of product type, material type, and application. On the basis of product type, the global market for dairy product packaging market is categorised into liquid cartons, bottles & jars, pouches, cans & jerry cans, cups & tubs, folding cartons, films & wraps, and others.

Liquid cartons account for the largest market share. On the basis of material type, the global dairy products packaging market is segmented into plastic, paper and paperboard, glass, and metal. The plastic segment is further sub-segmented into polyethylene (PE), polypropylene (PP), polyamide (PA), polyethylene terephthalate (PET) and others such as ethyl vinyl alcohol (EVOH).

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Competitive Landscape

The leading players in dairy products packaging market are harping on innovation of products to keep the interest of consumers going.

  • Stanpac Inc. has unleashed bio-based polyethylene resin coating (sourced from sugarcane) as a barrier to moisture and vapour constituting recycled fiber in huge concentration.

Key Segments Covered in Dairy Products Packaging Industry Research

By Type :

  • Bags and Wraps
  • Bottles
  • Cans
  • Cartons & Boxes
  • Cups
  • Films & Wraps
  • Pouches
  • Tubes
  • Others

By Application :

  • Milk
  • Cheese
  • Frozen Products
  • Yogurt
  • Cream
  • Butter and Ghee
  • Ice-cream
  • Cultured Products
  • Others

By Material :

  • Glass
  • Metal
  • Paperboard & Paper
  • Plastic
  • Others

By Distribution Channel :

  • E-Commerce
  • Specialty Retailers
  • Supermarkets & Hypermarkets
  • Others

Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Product Evolution Analysis

1.5. Analysis and Recommendations

  1. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

  1. Key Market Trends

3.1. Key Trends In the Market

3.1.1. Trend of Growing Consciousness About Grooming Among Consumers

3.1.2. Product Premiumization

3.1.3. Consumers Selecting for At-home Services, Using e-Commerce

3.1.4. Rise in Dairy Trial Ups Consumption

3.1.5. Changing Retail landscape

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Edible Oil Packaging Market is anticipated to register positive growth, exhibiting growth at 5.8% CAGR by 2031

According to a recent report by Future Market Insight, sales of packaging solutions for edible oil would increase by 1.7 times to reach 3.7 billion units in 2031. In 2021, the market for packaging edible oil is anticipated to expand annually by 4.1%.

By 2025, FMI projects that sales of drums will be close to $5 billion. The market for edible oil packaging in the United States is anticipated to increase by 1.7% in value in 2021. Through 2031, North American overall sales are anticipated to grow at a 4.7% CAGR.

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Producers of edible oil packaging are focusing on making cost-effective packaging solutions for safe transportation of edible oil and to increase their profit margins.

Edible oil is now packed in convenient packaging designs, which are easy-to-store and perfectly suitable for modern-day retail facilities. Edible oils packed in pouches, bottles, jars, cans, and liquid cartons are introduced to overcome problems faced by traditional space-consuming packaging solutions.

A wide range of rigid and flexible packaging types are designed to perfectly cater the changing buying patterns among consumers and offer hassle-free packaging solutions to retailers.

Marketers and end-users of edible oil packaging solutions are trying to differentiate their products based on ease in dispensing the consumable oil-packed inside it. Most of the consumer base today prefer hassle-free packaging without any risk of wastage or damage to the product, which allows them easy retrieval of edible oil.

Hence, manufacturers are offering pouring caps for easy dispensing of edible oil. A variety of self-closing dispensing taps are also offered along with bag-in-box packaging for edible oils, which keep the surface clean from spillage.

Edible oil packaging consist of a broad range of packaging products such as jars, jerry cans, pouches and bottles, among others. The edible oil packaging sustainable packaging solutions across the food and beverage industry. The type of packaging that is made for edible oil include metal, glass and plastic.

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How are Favorable International Trade Regulations Encouraging Edible Oil Packaging Sales?

Government authorities for trade and commerce are favoring edible oil manufacturers, along with exporters by reducing the tariffs on export and import of oils, categorizing it under the essential consumable items.

For example- The Government of India, has made the export of all edible oils free except mustard oil without any quantitative ceiling and pack sizes. Such initiatives from government will boost the exports of edible oils in India in the coming future.

Competitive Landscape

Companies operating in edible oil packaging market are investing heavily in research & development activities to develop innovative edible oil packaging solutions, to cater the advanced retail and manufacturing industry needs.

  • In December 2020, Vetropack Holding Ltd. acquired Moldovan Glassworks, a company based in Chisinau to strengthen its market presence in the region.
  • In November 2020, Colep Packaging was awarded for the Gold Award for ‘Food-Three-Piece’ at cans of the year in 2020.

Key Companies Profiled

  • Tetra Pak International S.A.
  • Berry Global Group Inc
  • Scholle IPN Corporation.
  • Glenroy, Inc.
  • Crown Holdings, Inc
  • Sealed Air Corporation
  • DS Smith Plc
  • Smurfit Kappa Group
  • Technocan S.A.
  • Amcor Plc
  • ASA Group

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Edible Oil Packaging Market by Category

By Packaging Type:

  • Bottles
  • Pouches
  • Jerry Cans
  • Cans
  • Drums
  • Bag in Box
  • Others (Liquid Carton, etc.)

By Material:

  • Plastic
  • Glass
  • Metal (Aluminum)
  • Paper

By Capacity:

  • 50 to 500 ml
  • 501 to 1000 ml
  • 1001 to 5000 ml
  • Above 5000 ml

By Oil Type:

  • Soybean Oil
  • Coconut Oil
  • Olive Oil
  • Cottonseed Oil
  • Sunflower seed Oil
  • Peanut Oil

MOPP Packaging Films Market is projected to expand at a 5.2% CAGR by 2031

The MOPP packaging films market is anticipated to experience strong demand through 2021, with a total market value of US$ 221.7 Mn in that year. Additionally, according to FMI, demand for MOPP packaging films will grow at a consistent 5.2% CAGR between 2021 and 2031.

Despite limitations put in place because to COVID-19, demand for MOPP packaging films will increase starting in 2021, albeit modestly. By the end of 2021, the total volume sold globally is anticipated to reach 135.2 Th.

tones.

The MOPP packaging films market in the United States is predicted to expand by 7.7% annually in 2021, defying initial concerns about how the sector would fare in the event of a global pandemic. Sales of MOPP packaging films are expected to total US$ 51.7 million over the entirety of North America in 2021.

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Increasing applications of MOPP packaging films in manufacturing of tapes, wraps and labels is driven by their superior benefits such as high tensile strength and tear resistance.

Not only MOPP packaging films have beneficial mechanical properties, but they are visually appealing and contribute to a product’s aesthetic appeal, becoming an ideal choice of primary and secondary packaging solutions.

Growing preference regarding eco-friendly packaging alternatives is encouraging advancements in MOPP packaging films market. These films are made from a single material and have high recycled value.

As a result, increasing adoption of sustainable solutions in the packaging industry to comply with environment protection initiatives will continue driving sales of MOPP packaging films during the forecast period.

Key Takeaways:

  • By thickness, above 60-micron MOPP packaging films segment is projected to grow at a 5.6% CAGR through 2031.
  • Based on application, the labels segment is expected to hold 38.6% of the total MOPP packaging films market share in 2031.
  • Sales of MOPP packaging films in the food industry are projected to expand at a CAGR of 5.6% during the forecast period.
  • The U.S. is anticipated to emerge as a lucrative market, accounting for 86.2% of sales in North America by 2031.
  • Germany is projected to hold 15.8% of the Europe MOPP packaging films market by the end of 2031.
  • India will continue exhibiting high demand for MOPP packaging films over the forecast period, holding 48.7% of the South Asian market share.
  • North America and Europe currently hold over 53.6% of the total MOPP packaging films market owing to presence of well-established packaging films industry.

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Growing Preference for Post-Consumer Recycled and Easily Recyclable Plastic Packaging Products to Drive MOPP Packaging Films Sales

Traditionally, it was not possible to manufacture high-quality packaging films from completely recycled products, but with advancements in technology standard, quality packaging films can be made completely using recycled raw material. This is gaining popularity among a lot of manufacturers, as it helps in significantly reducing the carbon footprint of manufacturers, besides helping them to woo consumers showing inclination for sustainable packaging solutions.

Post-consumer recycled plastic is gaining a lot of traction as it is not only environmentally friendly but also comparatively affordable. The use of recycled plastic decreases the demand for the manufacturing of new plastic resins, which reduces the consumption of energy and fossil fuels compared to the requirement for the manufacturing of virgin plastic.

Key Companies Profiled

  • Futamura Chemical Co., Ltd.
  • Toray Plastics (America), Inc.
  • Now Plastics Inc.
  • Transcendia, Inc.
  • Monta Klebebandwerk GmbH
  • Nowofol Kunststoffprodukte GmbH & Co. KG
  • Lenzing Plastics GmbH Co KG
  • SJA Film Technologies Ltd.
  • Hi-Tech International
  • Duy Khang Packaging Company Limited

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MOPP Packaging Films Market by Category

By Thickness:

  • Below 30 microns
  • 30 to 60 microns
  • Above 60 microns

By Application:

  • Labels
  • Tapes
  • Wraps
  • Laminates

By End Use:

  • Food
  • Beverages
  • Cosmetics & Personal Care
  • Electrical & Electronics
  • Pharmaceutical
  • Other Industrial

By Region:

  • North America
  • Latin America
  • Europe
  • Middle East and Africa (MEA)
  • East Asia
  • South Asia
  • Oceania

Metallized PET Cartons Market is expected to surpass US$ 290 Million by 2032

The market for metallized PET cartons is anticipated to expand steadily, with global revenues rising 2.7% from the previous year in 2021. According to a recent prediction by FMI, the market for metallized PET cartons will more than double between 2021 and 2031, reaching almost US$ 276.8 Mn at a 4.7% compound annual growth rate (CAGR) throughout that period.

According to recently published data from Future Market Insights (FMI), the total global consumption of metallized PET cartons is expected to reach 944 thousand tonnes in 2021, a rise of 2.6% year over year (YoY).

Key Takeaways from Metallized PET Cartons Market

  • The demand for polyethylene terephthalate (PET) in the packaging industry has increased exponentially in past few years. This segment is expected to create incremental opportunity of US$ 53.2 Mn over the next decade.
  • Metallized PET cartons that are printed is gaining significant traction among end users. This segment is forecasted to increase by 394 bps of current market share and reach up to 63.5% in 2031.
  • Increasing pharmaceutical packaging have increased the demand in the packaging industry. This segment is forecasted to expand 1.7 times the current market shares during the forecasted period.
  • Across the globe, consumption of Metallized PET Cartons is expected to remain high in the Asia Pacific countries and the European countries, due to the presence of key players of the market and also the availability of technological advancement owing to innovative packaging.

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Will the Demand for Luxury Packaging Favor Growth of Metallized PET Cartons?

Rising demand for luxury and attractive packaging has led to an increase in demand for packaging solutions. Metallized cartons are nothing but polymer-coated films with a thin layer of the metallic film.

They showcase an attractive metallic appearance that gives a premium and aesthetic look to the packaging. Metallized PET cartons have homogeneity of a metallic layer and this coating does not dissolve or fade anytime soon giving it a high clarity.

The manufacturing process of metallized PET printing on the cartons with good abrasion resistance and a thin layer of metal on the film gives a long-lasting look on the packaging.

Competitive Landscape

Companies operating in Metallized PET Cartons market are aiming at strategic collaborations and strategic partnerships with other manufacturers to expand their product portfolio.

  • In 2020, Printex transparent packaging company has developed a PET carton that is 100% made from recycled plastic and made into folding PET cartons that are metallized at the request of the customer.
  • In 2020, Pratiroop Mudran Company manufactures metallized PET cartons that are combined with effects like embossing and spot UV that creates magic for the brand. These innovative printing effects take cosmetic & personal care packaging to the next level.

Key Companies Profiled

  • Sierra Coating Technologies LLC
  • Pragati Graphics Pvt. Ltd.
  • Rich Offset Pvt Ltd.
  • Temple Packaging Pvt Ltd.
  • P.R Packagings Ltd.
  • Globe Print n Pack
  • Noble Printing Press
  • Grand Prints Pvt Ltd
  • Parth Offset
  • Rajhans Enterprises
  • Miracle Group India Pvt. Ltd.
  • Pratiroop Mudran

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Metallized PET Cartons Market by Category

By Material Type:

  • Polyethylene Terephthalate (PET)
  • Aluminum
  • Paperboard

By Finishing:

  • Printed
  • Non-printed

By End Use:

  • Food & Beverage
    • Milk
    • Yoghurt & Buttermilk
    • Fruit Juice
    • Carbonated Soft Drinks
    • Alcoholic Beverages
    • Others
  • Pharmaceutical
  • Personal care & Cosmetics
  • Other End Use

Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Market Analysis

1.3. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage

2.2. Market Definition

  1. Key Market Trends

3.1. Key Trends Impacting the Market

 

3.2. Product Innovation Trends

Global Temperature Controlled Pharmaceutical Containers Market is set to enjoy a valuation of US$ 4.9 Bn in 2022

The global temperature-controlled pharmaceutical containers market is expected to create an opulent growth opportunity over the projection period by registering an impressive CAGR of 8.5%. The global market is expected to reach a valuation of US$ 4.9 Bn in 2022 and surpass US$ 11.2 Bn by 2032. The sales of temperature-controlled pharmaceutical containers market are anticipated to bolster with the top 3 countries estimated to hold around 35-40% of the market by the end of 2022.

In 2021, the global temperature-controlled pharmaceutical containers market is predicted to hold around 13-15% of the global pharma packaging market worth US$ 319 Bn. On the basis of region, North America and Europe, collectively, are projected to account for more than 2/3rd of the market share in 2022.

According to the Future Market Insights (FMI) analysis, the global temperature-controlled pharmaceutical containers market witnessed a robust CAGR of 7.2% across the historic forecast period with a market value of US$ 4.5 Bn in 2021 from US$ 2.8 Bn in 2015. The global pharmaceutical e-commerce industry is witnessing high growth due to the increase in overall demand for effective medicines.

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Key Takeaways

  • In order to uphold the blood or vaccines, temperature-controlled solutions are a must as per several studies and analyses. Therefore, cold chain packaging is widely utilized among pharmaceutical manufacturers to cater to the growing demand among patients and the rise of routine diseases. The design of packaging solutions is crafted in such a way that it efficiently transports medical and drug supplies all over the world.
  • Furthermore, the temperature-controlled packaging is also helpful in preventing various medicines that are shipped in adherence to electromechanical temperatures with supportive logs facilitating its proper storage. New drugs and therapies have been constantly developed to spur the demand for cold chain logistics. With the extensive development of the pharma industry over the world, the demand for temperature-controlled packaging is projected to witness impressive growth over the next decade.
  • The surging need for product safety, especially in the healthcare industry is attributed to the growth in the market. Temperature-controlled pharma packaging is massively utilized for shipping and packing medical supplies to extend shelf life and protect the products from harsh temperatures.
  • Top pharma companies are developing pharmaceuticals that are most likely effective for uncommon diseases. The need for safe packaging of these medications is vital and is expected to bolster over the forecast period (2022-2032). Most of these medicines or drugs are sensitive to ambient temperature, and an unsuitable environment can easily affect their quality and efficacy.
  • Many prominent pharmaceutical industries are depending on temperature-controlled pharmaceutical containers in order to ensure the safety of various pharmaceutical products. The life sciences sector is expected to flourish and can be tracked down to new drug development activities influencing the current strategies of pharmaceutical companies. The utilization of the latest technologies by manufacturers in the global pharmaceutical industry is helping in the production of innovative medicines and drugs.
  • Technological advancements in the pharmaceutical industry are enabling the leading players to meet surging consumer demands for the latest and more effective medicines and pharmaceutical products. In addition to those recent developments in HVAC, technology is anticipated to prove extremely helpful to manufacturers to produce more efficient temperature-controlled containers.

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Competitive Landscape

Prominent market players operating in temperature-controlled pharmaceutical containers are aimed at expanding their production capabilities in order to meet the growing demand.

They are also forming alliances and eyeing acquisition strategies to expand their resources.

While on the other hand, some of the other key players are developing new products in order to meet customer needs and gain a competitive advantage. Furthermore, these companies are focusing on upgrading their facilities to cater to the demand.

More Insights into the Temperature Controlled Pharmaceutical Containers Market

India is considered the 3rd largest pharmaceutical industry in terms of volume as compared to all other countries across the globe. With surging developments in pharmaceutical manufacturing and supplying generic formulations across the globe, the demand in the temperature-controlled pharmaceutical containers market is expected to increase over the forecast period. Indian pharmaceutical industry is expected to surge at a robust CAGR of 9.5% over the assessment period from 2022 to 2032.

Temperature Controlled Pharmaceutical Containers Market by Category

By Control Type:

  • Active
  • Passive

By Form:

  • Chest Style
  • Upright Style

By Application:

  • Frozen
  • Chilled
  • Ambient

By Content Type:

  • Vaccines/Drugs (IV)
  • Samples (Blood, Biopsy, Etc.)
  • Reagents
  • Genetic Materials

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com

Browse Latest Market reports: https://www.futuremarketinsights.com/reportsAbout Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com 
Browse Latest Market reports: 
https://www.futuremarketinsights.com/reports

Industrial Drums Market will register a CAGR of 7.1% between 2022 and 2027

The industrial drums market is estimated at US$ 12.5 Bn in 2022 and is projected to reach US$ 17.6 Bn by 2027, at a CAGR of 7.1% from 2022 to 2027. By volume, the industrial drums market has been projected to grow at 6.6% CAGR during the period 2022-27.

The study conducted by Future Market Insights estimates that industrial drums market will grow 1.5 times during the period 2022-27, which is expected to generate lucrative opportunities for players in the industrial drums market. The APEJ region is expected to be drive the industrial drums market and is estimated to hold a significant market share of 38% in 2022.

FMI team further estimates that in 2022, the Chinese industrial drums market will grow 9% year-over-year. Across the APEJ region, total valuation of industrial drums market is projected to reach US$ 4.7 Bn in 2022.

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After a brief overview of the Global Industrial Drums market, the report analyzes the market dynamics. This study discusses the major market growth drivers and the major market growth constraints. The research also lists the dangers and opportunities that businesses operating in the sector should be aware of. The most influential trends that will shape the market during the forecasting period are also covered in this report. The research also goes into detail about current market development trends including partnerships, M&As, collaborations, etc. Moreover, the report elaborates on the regulatory scenario governing the Industrial Drums market and its potential effects on the market in the foreseeable future.

The study includes a thorough business overview, revenue analysis, strategies, and SWOT analyses of the major companies. Players in the Global Industrial Drums market are aiming to expand their operations to emerging regions. Further, companies in the Industrial Drums market are focusing on innovation and positioning their products at competitive prices. The report’s in-depth supply chain research will help readers comprehend the Industrial Drums market.

How will the manufacturers’ growing preference for industrial drums for packaging nonhazardous liquids fuel market expansion?
Industrial drums are among the most popular packing alternatives among other bulk container options by the makers in the trading operations of products like wine, vegetable oils, and other beverages. The fact that the barrels are typically set up on pallets makes it easier to load and unload them, which is highly desired since it greatly lowers the likelihood of damage or leaks.

When compared to other options on the market for packaging non-hazardous liquid items, industrial drums are also a relatively affordable kind of bulk packaging.

Industrial barrels are becoming more and more popular among producers as an efficient and affordable packaging option for nonhazardous liquids.

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Competitive Landscape

Leading industrial drums manufacturers are committed to launching new products in the market targeting specific end-use industries. Key players in the industrial drums market are also making investments to increase their manufacturing capabilities and geographical footprint in an attempt to increase their market share.

For instance, in September 2021 Mauser Packaging Solutions announced the plan to invest in its Gebze, Turkey facility for increasing the manufacturing capacity of plastic drums and IBC production.

In February 2020, Greif Inc. announced the expansion of its California, U.S. facility with the addition of a blow molder for tight head and open head plastic drums.

Key Companies Profiled

  • Greif, Inc.
  • Mauser Group B.V.
  • Schutz Container Systems, Inc.
  • Sicagen India Limited
  • Myers Container, LLC
  • Eagle Manufacturing Company
  • Time Technoplast Ltd
  • Balmer Lawrie & Co. Ltd.
  • TPL Plastech Limited
  • U.S. Coexcell Inc.
  • The Metal Drum Company
  • Three Rivers Packaging, Inc

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Industrial Drums Market by Category

By Product Type:

  • Steel Drum
  • Plastic Drum
  • Fiber Drum

By Capacity:

  • Up to 100 Liter
  • 100 to 250 Liter
  • 250 to 500 Liter
  • Above 500 Liter

By End Use:

  • Food & Beverages
  • Chemical & Fertilizers
  • Pharmaceuticals
  • Petroleum & Lubricants
  • Building & Construction
  • Paints, Inks, & Dyes
  • Other End Uses

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Europe Drug Delivery Solutions Market will exhibit growth at a CAGR of 6.1% , surpassing US$ 19.9 Bn by 2031

The market for medication delivery solutions was estimated at US$ 94.3 billion in 2021 and is anticipated to increase at a 6.8% CAGR to reach US$ 181.9 billion by the end of 2031. The medication delivery solutions market is anticipated to be dominated by South Asia on a regional scale. Due to the rising demand for drug delivery solutions during the COVID-19 epidemic, the market for drug delivery solutions in India increased by 10.6% year over year (y-o-y) in 2021. Drug delivery system sales in South Asia are anticipated to hit US$ 33.2 billion by 2031.

Future Market Insights predict a comparison and review analysis of the dynamics of the drug delivery solutions market, which is principally subjected to an array of industry factors along with a few definite influences regarding the stringent rules and regulations associated with the approval of drug delivery devices.

Some new developments that have taken place in the market include the use of anti-counterfeit and track & trace technologies to gain efficiency in the supply chain. In April 2022, Amcor plc announced to expand healthcare packaging capabilities in Europe.

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Key Takeaways

  • In terms of product, bottles segment is expected to hold over 2/5th of the global market share in 2021.
  • Vials and ampoules are expected to exhibit growth at a CAGR of 9.3% during the forecast period.
  • Based on material, metal drug delivery solutions are expected to increase by 2.1x during assessment period.
  • Injectable application is expected to generate incremental opportunity of US$ 30.8 Bn during the projection period of 2021-2031.
  • Regionally, Europe is expected to account for over 24% of the total market value in 2021.

Plastic is a Blessing in Disguise for Drug Delivery Solutions Market

Glass has been traditionally used in the manufacture of pharmaceutical packaging solutions, including bottles, ampoules, and vials.

However, there has been a gradual adoption of plastic as an alternative material solution and introduction of blow fill seal (BFS) technology. In order to capitalize on this trend, major drug delivery solution producers are providing plastic packaging solutions.

The delicate and heavy weight characteristics of the glass makes a challenge in the transport and shipping of the products in a long and complex supply chain in the pharmaceutical industry. Therefore, glass pharmaceutical packaging products are mostly being fill-in by packaging products made of plastics, including PET, HDPE, LDPE, PVC, and PP.

Competitive Landscape

Companies operating in the drug delivery solutions market are aiming at expansions and strategic partnerships with other manufacturers to expand their product manufacturing capabilities and strengthen their global footprints.

For instance,

  • In November 2021, Schott AG received funding from the German Federal Ministry for the Environment (BMU) to develop climate-friendly glass production and reduce carbon emissions.
  • Becton, Dickinson and Company, in November 2021, had the opening ceremony of its high-tech manufacturing facility in Zaragoza, Spain, for supporting the growth of pre-filled drug delivery systems.
  • In 2021, Gerresheimer AG announced a strategic partnership with Midas Pharma for the development and marketing of its own IP autoinjector.

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Key Companies Profiled

  • Amcor Plc
  • SCHOTT AG
  • Gerresheimer AG
  • Berry Global Group Inc.
  • Mondi Plc
  • Sealed Air Corp.
  • Wipak Group
  • Constantia Flexibles
  • Ardagh Group SA
  • Sonoco Products Company
  • West Pharmaceuticals Services Inc.

Drug Delivery Solutions Market By Category

By Product Type:

  • Bottles
    • Packer Bottles
    • Liquid Bottles
  • Vials & Ampoules
  • Blisters
  • Bags & Pouches
  • Prefilled Syringes & Cartridges
  • Sachets
  • Trays
  • Tubes
  • Caps & Closures
  • Container, Jars & Others

By Material:

  • Plastics
    • PE
      • LDPE
      • HDPE
    • PVC
    • PP
    • PS
    • PET
    • Others
  • Glass
  • Metal
  • Paper

By Applications:

  • Nasal
  • Pulmonary
  • Injectable
  • Eye Care
  • Dermal/ Transdermal
  • Other Applications

Table of Content

1. Executive Summary

1.1. Global Market Overview

1.2. Market Analysis

1.3. Analysis and Recommendations

1.4. Global Market Overview

1.5. Market Characteristics & Attributes

1.6. Market Statistics

1.7. Analysis and Recommendations

1.7.1. Overall Market Approach

1.7.2. Target SegmentAbout Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com 
Browse Latest Market reports: 
https://www.futuremarketinsights.com/reports