Market Research Blog

Future Market Insights forecasts that the global BOPA films market is expected to reach US$ 1.6 Bn by the year 2030 at a CAGR of 5.3% between 2022 and 2030. Over the last few years, consumers have rapidly inclined towards flexible packaging owing to its portability and convenience factors such as reseal ability, microwaveable packaging, easy-open packs, carry-away packs, and longer shelf lives.

BOPA films are suitable for packaging of food products like frozen and cooked food, liquid and viscous food, liquid bag-in-box, fruits & vegetables, which has won them a special place in food packaging amongst most vendors.

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Technological advancements in pharmaceutical packaging such as next-generation blister packaging and serializable blood & parenteral nutrition bags made from BOPA films are expected to play a crucial role in demand growth of the market.

Analysts also expect that increased production of a wide array consumer goods will require packaging formats such as single-dose creams and soaps and stand up pouches, which will also open up add to the revenue earned by the market in the coming decade.

Key Takeaways of BOPA Films Market Study

• Food industry is estimated to be the key end user of BOPA films market and it is poised to account for 2/3^rd of the BOPA films global market by 2030
• A substantial portion of the BOPA films market share is captured by nylon 6 grade as end user prefer its high impact strength and easy orientation from both axis
• 11 to 20 microns is the preferred thickness in the manufacturing of BOPA films, which is likely to account for 60% of the global market by value at end of 2030
• East Asia to represent an incremental opportunity of US$ 241.4 Mn by the end of 2030 with presence of major BOPA films manufacturers such as Unitika, Mitsubishi, Toray, and others in the region

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“The demand for BOPA films in packaging is expected to increase in the years to come as the companies opt for flexible for functional solutions at affordable pricing. Increasing beauty and cosmetic industry and rising demand for improved packaging in the pharmaceutical industry are also projected to give the BOPA market a shot in the arm,” says an FMI analyst.

Demand for Transparent Packaging Solutions for Easy Recognition to Up BOPA Consumption

Transparency of a package is often a preferred form of packaging by most end users. If consumers aren’t able to see what’s inside the package, they are less likely to purchase it. As the demand for see-through packaging is on the rise, particularly in the packaging of food products, it is expected to boost the uptake of BOPA films.

Clearer packaging gives a visually pleasing look and therefore enhances the product’s shelf visibility. Thus, transparent packaging serves as a value addition to the consumer goods market, where product separation and quick identification is the focal point.

Transparent and flat surfaces can also be attained by using multi-layer BOPA films as they offer superior transparency and improves the overall quality of the package. This also saves on packaging costs for printing, and labelling, as the majority of the surface is intended to give the package a visual appeal.

In addition, the glossy surface of BOPA films, which gives the perfect print finish, would give stakeholders an ability to sell their brands by improving the overall appeal of their products. Benefits also include adding mechanical strength and heat resistance to the film, high ductility, and impact strength to film, which is boosting its market growth.

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Impact of COVID-19 on BOPA Films Market

Significant amount of BOPA films demand is reliant on food packaging industry. The BOPA films are used in the packing of meat & poultry, cheese, frozen food, ready-to-eat foods, fresh fruits and vegetables. Due to COVID–19 outbreaks, people are also opting for packaged food items, which has had a short-term positive impact on the market.

Consumers are expected to prefer packaged food due to its limited handling. Furthermore, as the packs can be disinfected and stored, consumer is likely to spend more on this segment.

On the flip side, the global uncertainty of COVID–19 has impacted the BOPA films market with disruption of production, raw material procurement, and supply to end users. Analysts anticipate that this continue for the next two quarters of 2020.

Rapidly changing consumer shopping habits from offline to online platforms, unused stock and inventory across food & beverage segment, and extended lockdowns are expected to negatively impact the BOPA market.

BOPA Films Market Landscape

Unitika Ltd., Mitsubishi Chemical Corporation, Toray Advanced Film Co., Ltd., and Winpak Ltd. are the top players operating in the BOPA films market. Besides, Kolon Industries Inc., Hyosung Corporation, TOYOBO Co., Ltd., A.J. Plast Public Company Limited, Sojitz Plastics America Inc., and Domo Chemicals are some other prominent players in the BOPA films market.

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The Tier 3 players in the market hold around 40-45% in the global BOPA films market. In conclusion, key players contribute almost 55% of the global BOPA films market as there are fewer BOPA film manufacturers.

BOPA Films Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global BOPA films market, analysing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the BOPA films market on the basis of grade (Nylon 6 and Nylon 66), thickness (Up to 10 Micron, 11 to 20 Micron, 21 to 30 Micron, and Above 30 Micron), end use (Food, Pharmaceutical and Healthcare, Electrical and Electronics, Chemicals, Others (Industrial Packaging) and across seven regions.

Luxury rigid boxes market is projected to reach over US$ 5.4 Bn by 2030, as per the new market study published by the ESOMAR-recognized research firm Future Market Insights.

Luxury rigid boxes have been an ideal solutions for product premiumization. They add to the appearance and aesthetics, boosting sales of the beauty and personal care products. This has prompted the end-use segment to use luxury rigid boxes to make impactful designs to lure in more consumers. With a booming beauty products market, analysts anticipate that luxury rigid boxes will see excellent growth opportunities.

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The global leaders of beauty and personal care industries including Unilever, L’Oréal, Estée Lauder Procter & Gamble, and Shiseido and Coty have collectively reported soaring revenues, which is expected to translate with bigger budgets for luxury packaging of products. North America and Asia Pacific leading market for beauty and personal care markets and holding nearly 64% market share. All of these statistics point towards brilliant growth opportunities for luxury rigid boxes, which are continuously evolving to keep up with the changing demands. Today, demand for eco-friendly packaging materials is also being factored in the production of luxury rigid boxes.

New stores are rapidly opening in developed and developing countries to fulfil the increased demand from people for luxury goods such as expensive watches, jewelry, apparels, and many others. The increased expenditure of individuals and willingness to buy customized products are key factors due to which the luxury goods market is growing.

In the luxury goods market, packaging plays a significant role in increasing product value. The growth in openings of luxury product stores in Europe, Asia Pacific, and North America is estimated to increase the demand for luxury boxes in the forecast period.

How Global Luxury Goods Market Boosts the Demand for Luxury Rigid Boxes?

New stores are rapidly opening in developed and developing countries to fulfil the increased demand from people for luxury goods such as expensive watches, jewelry, apparels, and many others. The increased expenditure of individuals and willingness to buy customized products are key factors due to which the luxury goods market is growing.

In the luxury goods market, packaging plays a significant role in increasing product value. The growth in openings of luxury product stores in Europe, Asia Pacific, and North America is estimated to increase the demand for luxury boxes in the forecast period.

Luxury rigid boxes Market Landscape

The global luxury rigid boxes market is fragmented and it is anticipated to witness tough competition among the manufacturers across several regions. This market consist of strong key players focusing on innovative product development. Besides this, new players are entering into the market owing to significant sales creation with the increasing demand for luxury boxes in cosmetics, food and beverages and personal care industries.

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The key players of global luxury rigid boxes market are

• Robinson Plc,
• McLaren Packaging Ltd,
• DS Smith Packaging Limited,
• PakFactory,
• Madovar Packaging Inc.,
• Burt Rigid Box, Inc.,
• Holmen AB ADR (Iggesund Paperboard),
• Elegant Packaging,
• Elite Marking Systems,
• Design Packaging, Inc.,
• Bigso Box Of Sweden,
• ACG | Ecopack (Finn Industries, Inc.):,
• JohnsByrne, Sunrise Packaging, Inc.,
• Asia Korea Printing Inc.,
• Bell Printers,
• Prime Line Packaging,
• Autajon, Npack ltd.,
• Taylor Box Company, among others.

Key Takeaways of Luxury rigid boxes Market Study

• Consumer goods industry is estimated to account for more than 1/3rd of the luxury rigid boxes market by 2030
• Two piece boxes estimated to have an incremental opportunity of US$ 268 Mn by 2025
• Paper and paperboard estimated to account for 68% of the global market by value, and reach slightly over US$ 3.6 Bn in 2030
• Magnetic closure is estimated to gain by 180 bps of current market share during the forecast period
• Foam inserts are estimated to have a significant market share by insert types, accounting for more than half of the market share by 2030
• Asia Pacific is estimated to have an incremental opportunity of US$ 930 Mn by 2030 with the increasing demand for luxury boxes for confectionery product packaging

“Luxury rigid boxes are the elegant and sophisticated medium for presenting products. Additionally, these boxes promote impulse purchasing of the products. Demand for luxury rigid boxes among end users is consistently increasing to build and enhance positive brand image. In spite of declining phase of luxury rigid boxes market in 2020 due to COVID 2019, significant revenue generating opportunities are anticipated with explosive nature of e-commerce and digital shopping,” says and FMI analyst.

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Players Aim at Mergers & Acquisitions to Expand Product Portfolio

As a part of growth strategy, companies are emphasizing on mergers & acquisitions of small or medium sized specialized companies in order to expand their product portfolio, market footprint, increasing brand value, strengthen supply chain network etc. Some of the deals in past years are as follows –

• In January 2022, Metsä Board, the paperboard and packaging manufacturer, introduced new luxury box named SkinCare 2.0 gift box which uses fibre-based materials to replace plastic
• In November 2021, Fresnels Inc, the company which provides packaging solutions, developed a new recycled folding carton features dynamic nanotechnology decorative elements to catch the eye and interact with customers in the retail beverages environment.

Catering to the growing sentiment of eco-friendly packaging to reduce the pressure on landfills and to ensure responsible packaging is expected to create worthwhile opportunities for the players.

 

Form fill seal machine is an automated assembly line product packaging machine. Form fill seal machines are used in different industries such as food & beverages, electronics, chemicals and pharmaceuticals. Form fill seal machines are sophisticated having computer interfaces and control networks. Form fill seal machine works very fast as well as it is versatile in nature.

Over the past few years, there is an increasing demand for Form fill seal machine because of the busy life of the people and increasing awareness of the environment. Apart from this the increasing health consciousness and authenticity and trust regarding the particular brand also help to drive the global form fill seal machine market over the forecast period.

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Form fill seal machine: Market Dynamic

The Form fill seal machine market is anticipated to be driven by the increasing growth of food & beverage industry. Retort pouches, standard pouches, and spouted pouches are made from the form fill seal machine. Increasing growth in the retail industry coupled with the nuclear family is expected to fuel the sales of single-serve packs that in turn escalates the growth of the form fill seal machine market during the forecast period.

Apart from that increasing demand of light-weight pouches is expected to further intensify the sales of form fill seal machine. Moreover, manufacturers are inclined to provide the products in short span of time and they are trying to minimize the cost related to packaging.

For that many manufacturers are expected to adopt form fill seal machine in the near future owing to its economic price. Besides this increasing the growth of pharmaceutical sector and cosmetic & personal care sector can impact the growth of form fill seal machine market positively. 

Form fill seal machine Market: Regional outlook

In terms of geography, the global form fill seal machine market has been divided in five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia Pacific region is expected to generate maximum CAGR in comparison to the other regions. Especially India and china are the lucrative markets for form fill seal machine market owing to the increasing growth of food & beverages and pharmaceutical industry.

North America and Europe are also expected to witness moderate growth during the forecast period. But, Middle East and Africa region are anticipated to be slothful throughout the forecast period.

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Form fill seal machine Market: Key players

Some of the key players in the global Form fill seal machine market are Bosch packaging technology, Matrix, ARPAC LLC, Mespack SL, Pro Mach, Kliklok woodman, Velteko, Havar & Boecker, Triangle package machinery company, MDC engineerinc Inc etc.. companies are emphasizing on new product development in order to main the competitive advantage in the global form fill seal machine market during the forecast period.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically-supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, product type, material type, and end-use.

The Report covers exhaust Analysis on

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends /Issues/Challenges
• Competition & Companies involved
• Technology

Regional Analysis includes

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

The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain.

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

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Form fill seal machine: Market Segmentation

The global form fill seal machine market is segmented on the basis of type of the machine, product type and end user:

Based on the type of machine the global form fill seal machine market is segmented into:

• Vertical form fill seal machine
• Horizontal form fill seal machine

Based on the type of product the global form fill seal machine market is segmented into:

• Bags
• Cartons
• Others (pot trays, sachets, sacks)

Based on the end user global form fill seal machine market is segmented into:

• Food & beverages
• Cosmetics & Personal care
• Pharmaceutical
• Others (Tobacco)

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Heat Transfer Paper Market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.

As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Heat Transfer Paper Market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Heat Transfer Paper Market in the coming 10-years.

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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Heat Transfer Paper

With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of packaging solutions is experienced across various end use industries.

In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.

Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Heat Transfer Paper Market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

Key Heat Transfer Paper Market Takeaways and Projections

• The U.S. is expected to lead the North America Heat Transfer Paper Market, projecting the fastest growth in the region between 2022 and 2032
• Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
• China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
• India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
• On the basis of Segment it is projected to hold the maximum share in the market, expanding at a remarkable CAGR during the coming decade.

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Report Benefits & Key Questions Answered

• Heat Transfer Paper Historical Market Analysis: The detailed survey by FMI, examines key factors in the Heat Transfer Paper market that affected the growth in the market for the last assessment period 2017-2021 and also studies their consequent impact. It also provide refined the sales projection of the Heat Transfer Paper market for the forecast period 2022-2032.
• Heat Transfer Paper Category & Segment Level Analysis: The category & segment level analysis conducted by FMI studies the market in terms of segments .It studies the vital dynamics across each segment and also highlights their growth prospects in the coming ten years.
• Heat Transfer Paper Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Heat Transfer Paper for the assessment period. As per the study, the demand for Heat Transfer Paper will grow at a robust CAGR between 2022 and 2032.
• Heat Transfer Paper Market Trend Analysis: The latest study by FMI on the Heat Transfer Paper Market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Heat Transfer Paper Market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

It also provides a list of leading players and recent development in the global Heat Transfer Paper Market. Some of the prominent market players are Neenah Coldenhove, Felix Schoeller Group, One Step Papers LLC, Miroglio Group, PG Paper Company, Stahls’ Transfer Paper Experts, Neenah performance Materials, Guangzhou Elephant Digital Technology Co. Ltd, Atul Paper Pvt. Ltd., Pudumjee Paper Products, GI Paper Coaters, Paper N Films International among many others.

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Key Segments Profiled in the Heat Transfer Paper Industry Survey

Heat Transfer Paper by Paper:

• Transparent heat transfer paper
• White heat transfer paper

Heat Transfer Paper by Printing:

• Inkjet
• Laser
• Sublimation

Heat Transfer Paper by Ink:

• Sublimation ink
• Dye-based ink

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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acuum packaging plays an important role in preventing bacterial growth on dry and fresh food items, thus, improving their shelf life by at least 50%. The global vacuum packaging market is expected to expand at a stellar CAGR throughout the forecast period, 2020-2030.

Growing consumer awareness for hygienic and good-quality food packaging has fueled the need for longer shelf life of the products. About 600 million – nearly 1 in 10 consumers in the world – develop illness after consuming contaminated food. Owing to busy lifestyle, consumption of frozen food and on-the-go meals are reaching new heights.

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Vacuum Packaging Market – Key Drivers and Developments

The demand for vacuum packaging is influenced by growing need for packaged products such as chicken, beef, and pork. As per the World Health Organization (WHO), annual meat production will reach 376 million tonnes by 2030. Further, utilizing polythene vacuum packaging for meat and food products has the potential to minimize food waste by a staggering 75%

The vacuum packaging market is undergoing a huge technological advancement. Innovative and new developments such as light-weight packaging and recyclable packaging are shaping the market landscape. For instance,

• MF Tecno has created ASSISI, a fully automatic, vacuum-module, for large- and medium-size bags up to 40 L volume extending the shelf-life of the product and preserving its functional and organoleptic properties for longer duration.
• Clearly Clean Products LLC has launched vacuum skin packaging trays, which are made up of recyclable plastic.
• Rajendra and Ursula Joshi Food Industries Pvt. Ltd. (Rufil Industries) has introduced paneer (cottage cheese) packed with vacuum packaging to maintain the quality of paneer by restoring its softness and freshness for prolonged duration in contrast to another packaging.

Vacuum Packaging Market – Growth Restraints

Low processing and production cost as well as abundance of plastic materials such as polyethylene (PE) are enabling their broader adoption in manufacturing vacuum packaging solutions. Excessive usage of such plastics, although recyclable, are posing threat to surroundings and are, thus, facing regulatory stringency.

While vacuum packaging improve shelf life of frozen food items, certain bacteria are still able to grow and further contaminate food products. Consequently, agencies such as the Food Standards Agency are increasing their stringency regarding approval of vacuum packaging solutions. Moreover, higher installation costs and frequent maintenance of packaging machines are an existing challenge for vacuum packaging market players.

COVID-19 Impact Analysis

The COVID-19 pandemic will continue to impact the food industry and its supply chains. Increasing at-home consumption due to shelter-in-place orders amid the pandemic is driving consumers to shift from retail foodservice channels to e-commerce platforms. This sudden shift in consumers’ pattern is emerging as a lifeline for vacuum packaging manufacturers.

Amid the COVID-19 crisis, as the requirement for fresh foods increases, ASRS (automated storage and retrieval system) is increasingly used for extensive variety of food products in both the refrigerated and non- refrigerated spaces. This will spur the demand for warehousing facilities, thus offering potential avenues of growth.

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Vacuum Packaging Market – Regional Analysis

Asia Pacific (APAC) will be accounting for leading market share in the global vacuum packaging market, owing to mounting demand for packaged foods in emerging economies such as China, and India as well as increasing production of pharmaceuticals. Studies find that the food packaging market in APAC is poised to grow at a healthy pace in the coming years.

Moreover, the region represents the third-largest pharmaceutical industry, primarily driven by generic drugs.  In a similar fashion, Europe and North America will also offer remunerative growth prospects to market players.

Vacuum Packaging Market – Competitive Analysis

Vacuum packaging manufacturers are substantially investing in capacity expansions, new products launches, and, mergers & acquisitions (M&A) to gain a competitive advantage in market competition.

• Berry Global Group Inc. has acquired RPC Group PLC (RPC) to emerge as one of the world’s leading plastic packaging companies and a prominent global manufacturer of value-added protective solutions.
• Mondi Group has developed a completely-recyclable polypropylene (PP) film for thermoforming applications with a 23% decline in carbon footprint in contrast with existing packaging. These recyclable PP films are ideal for vacuum packaging and MAP (modified atmosphere packaging).
• Amcor has acquired Bemis Company Inc. and now work as Amcor PLC (Amcor). This acquisition has led to additional capabilities, scale, and footprint that has strengthened Amcor’s leading business value proposition and rendered noteworthy value for its shareholders. Moreover, Amcor has partnered with Moda to develop novel packaging solutions. The two companies will manufacture Amcor’s roll stock film and shrink bag for cheese and meat utilizing Moda’s packaging system.

Major companies identified in the global market are

• Berry Plastics Corporation
• CVP Systems Inc.
• Linpac Packaging Limited
• Coveris Holding S.A.
• Amcor Group
• Ulma Packaging
• Orics Industries
• Multisorb Technologies Inc.
• Sealed Air Corporation

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Vacuum Packaging Market – Segment Analysis

Vacuum Packaging Market can be segmented on the basis of following,

By Application

• Pharmaceutical
• Food
• Packaging of consumer goods
• Industrial packaging

By Machinery Types

• External vacuum sealers
• Thermoformers
• Tray-sealing machine
• Other machines

By Pack type

• Rigid Packaging
• Semi-rigid Packaging
• Flexible Packaging

By Materials

• Polyamide
• Ethylene
• Polyethylene
• Vinyl Alcohol

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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As per FMI, the global processed meat packaging market size is projected to increase at a CAGR of 4.8% from 2022 to 2032. It was valued at around US$ 1.4 Bn in 2021. Fast-paced lifestyles and an increasing number of salaried workers have raised the consumption rate of ready-to-eat food products, which is expected to spur market expansion. FMI mentions that the market is estimated to reach US$ 2.4 Bn by the end of 2032.

Processed meat packaging is a major procedure of placing processed or preserved animal products into containment, usually in a flexible box. Such packages are typically made of aluminum foil, polyethylene terephthalate (PET), material coated with a polymer film, and similar other materials. But over time, their use has evolved to include bags and sacks made of different thermoplastic films, as well as similar specialized structures for particular uses.

Increased consumer demand for ready-to-eat and ready-to-cook meals in both developed and emerging nations is one of the key factors for pushing growth in the global processed meat packaging market. Fast-paced consumer lifestyles and lack of time for cooking are some of the other significant business drivers. The industry will be propelled by millennials’ rising acceptance and consumption of foods that are ready to eat and cook.

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The need for processed meat packaging is also being driven by growing customer demand for flavored and nutritious meat products. Due to time constraints brought on by rapid urbanization, various consumers from emerging nations are gravitating toward packaged beef products. As a result, there is a great chance for multinational companies to upgrade their product line-ups in order to broaden and reconsider their marketing strategies in order to enter the meat packaging industry.

Undoubtedly, demand from manufacturers for recyclable materials in packaging will rise in the coming decade. Businesses are nowadays choosing to focus on sustainable growth, which has led producers to offer products that are environmentally friendly and meet stringent packaging standards. The processed meat packaging market is thus anticipated to experience considerable growth potential throughout the forecast period.

Key Takeaways from Global Processed Meat Packaging Market

• By material, the plastic segment is anticipated to create an incremental opportunity of US$ 800 Mn during the forecast period of 2022-2032.
• Based on application, the poultry segment is likely to remain at the forefront in the global processed meat packaging market by 2032.
• The China processed meat packaging market is estimated to create an incremental opportunity of US$ 240 Mn during the projection period of 2022–2032.
• The S. processed meat packaging market is expected to reach US$ 710 Mn by 2032.
• The processed meat packaging market registered a CAGR of 6% during the historical period of 2016-2021.

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“Increasing demand for fresh meat products in a wide range of application areas such as poultry, beef, and pork, is anticipated to fuel expansion of the processed meat packaging market in the upcoming decade,” says a FMI analyst.

High Demand for Convenience Food to Push the Processed Meat Packaging Industry

Increasing supply chain efficiency or making it simpler for customers to receive their meals at their doorsteps are two major examples of how convenience is extremely useful in the processed meat packaging sector. Although there are other marketing and demographic elements at play, convenience continues to be a key intrinsic driver of the processed meat packaging market.

This demonstrates the value of flexible packaging, which is expected to push the majority of industry growth in the years to come. The marketability of meat and seafood in practically any form can be improved by making use of the variety and customizability of agile packaging products, whether companies are putting traditional cuts in case-ready materials or giving customers cutting-edge single-serving prepared goods.

Surging Need for Organic Meat Products to Create High Demand for Processed Meat Packaging

Demand for delicious and healthy meat products has soared across the globe, which has further fueled the processed meat packaging industry. Many people are aware of the existence of meat from conventionally reared poultry. They are constantly switching to organic beef products as a result of their growing awareness regarding the significance of consuming foods that are safe, healthy, and free of antibiotics & chemical residues. This promotes interest in organic animal husbandry. In response to the growing trend, several producers are developing meat products by using meat from farms with organic certification. Utilizing organic beef helps to maintain the genuineness of culinary products.

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Competitive Landscape: Processed Meat Packaging Market

Some of the renowned key players in the global processed meat packaging market include Amcor plc, Berry Global Inc, Winpak Ltd, Sealed Air Corporation, Mondi Group, Amerplast ltd, Faerch Plast A/S, Bollore Group, Constantia Flexibles Group GmbH, Sonoco Products Company, Thantawan Industry Plc, Cascades Inc, Coveris Holdings S.A. XtraPlast Packaging Materials, Pactiv, Optimum Plastics, Nuconic Packaging LLC, Novipax, Silgan Holdings, and Westrock Company among others.

Get More Exclusive Insights on Processed Meat Packaging Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global processed meat packaging market, analyzing historical demand from 2016-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the product type (trays, pouches, cans, films & wraps, others), material (plastic, metal, paper & paper board), and application (beef, pork, poultry, seafood, others) across seven regions.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Future Market Insights Inc.

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The global wood pallets market Share is projected to grow from US$ 2.3 Bn to US$ 3.8 Bn by 2032, with the overall demand increasing at 5.4% CAGR throughout the forecast period.

Rising adoption of wooden pallets across various end-use industries and growing popularity of recyclable pallets due their environmental benefits are some of the key factors driving growth in the global wood pallets market.

Wood pallets have become ideal packaging solutions used across various sectors due to their affordability, recyclability, and impact resistance features. They are being increasingly used in logistics and transportation industry for stacking, storing, assembling, or transportation of items over long distances. This will continue to boost market growth during the forecast period.

Similarly, innovation in wooden pallets and integration of advanced technologies will bode well for the market growth during the next ten years. Customers are demanding greater transparency in how products and commodities flow through supply chains. Individual pallets may be tracked and traced in real time by integrating RFID chips directly into pallet materials.

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Pallet monitoring can assist organisations in managing recalls and expiry dates, as well as avoiding product loss and delivering things to end-users quickly and efficiently. Because of the rising demand for food and beverage products across the world, sales of wood pallets are slated to grow at a significant pace over the next ten years.

Similarly, increasing usage of pallets for storage and transportation of pharmaceutical products is expected to open up new market prospects. Demand for healthcare items such as pharmaceuticals and equipment is growing as the senior population grows and chronic illness incidence rises.

The rise of the pharmaceutical business has also contributed to the growth of the wood pallets market. Throughout the handling and distribution process, wooden pallets serve a vital part in the movement of secure, effective transport and storage platforms.

Pallets are made in a variety of sizes and designs to fit varied handling equipment (mostly forklifts) and payloads, even though there are standardised versions. Hence, as disposable incomes and consumerism grow throughout the world, the food and beverage industry will experience a surge in demand, which will be a significant driver for the worldwide wood pallet market.

Key Takeaways from Wood Pallets Market

• By wood type, hardwood pallets segment is anticipated to grow at 6% CAGR through 2032, generating an incremental opportunity of US$ 730 Mn during the forecast period.
• By entry type, the four ways pallets segment is expected to grow at a CAGR of 7% during the forecast period.
• North America and East Asia are projected to remain the most lucrative markets for wood pallets during the next ten years.
• The U.S. wood pallets market is likely to expand at 5% CAGR between 2022 and 2032, reaching a total valuation of US$ 812.7 Mn by 2032.
• Wood pallets market in India is projected to grow at 6% CAGR during the forecast period, creating an incremental opportunity of US$ 115 Mn.
• Demand for wood pallets in China is anticipated to grow at the highest CAGR of 6.9% during the assessment period.

“Wood pallets have a promising market because of their low yield cost per trip and superior reusability of wooden pallets. Utilizing eco-friendly materials and creating eco-smart designs is also anticipated to accelerate market expansion.”- says FMI analyst

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Global Wood Pallets are Creating Good Impact on the Environment

Pallets are a vital logistical tool used in packing and are typically utilised as load carriers. These pallets are useful in logistics and supply chain because they make it simple to stack, store, assemble, or transport items over long distances.

Wooden pallets are fully recyclable and they are considered as a sustainable option for packaging.  These pallets can be easily harmed or damaged if compared with metal or plastic pallets. Thus, they can be fixed easily with affordable prices without wastage of much resources and time.

Wood pallets are considered to be the most recyclable option in the supply chain as they can be used for various things by expanding the life of the existing wood pallets.  They can easily reduce carbon footprints. Thus, wood pallets are considered to be the most reliable and a flexible packaging option for the end use segment.

Who is Winning?

Key manufacturers of wood pallets include Interpak Industries Pte. Ltd., Tri-Wall Holdings Limited, PalletOne, Larson Packaging Company Brambles Limited, Falkenhahn AG, LOSCAM International Holdings Co., Ltd., Millwood, Inc., Menasha Corporation, Rehrig Pacific Holdings, Inc., and Schoeller Allibert Services B.V Brambles Limited, Inka-paletten, Peco Pallet, John Rock, Inc., Millwood, United Pallet Services Inc., Herwood, DNA packaging Systems, Kronus ltd, Litco International Inc, LCN Pallets and Wooden Cases, Anderson Pallet and Crate, Best Pallet and Crate LLC, Atlanta Pallets & Services, B&B Pallet Company,  CLM Pallet Recycling and others.

Most of these market players have adopted strategies such as new product launches, facility expansions, price reduction, mergers, collaborations, and acquisitions to increase their revenue share.

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Wood pallets Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for wood  pallets   market by Wood Type (Hardwood and Softwood), by Entry Type (Four ways and Two ways), by End use industry (Food and Beverages, Building and Construction, Pharmaceuticals, Consumer Electronics, Cosmetics & Personal Care, Logistics and Transportation and Others (Automotive, Textiles etc.), by Region (North America, Latin America, Europe, South Asia, East Asia, Middle East and Africa, Oceania) – Forecast to 2022 – 2032.

About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

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Christiana Corporate, 200 Continental Drive,

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Global plastic bottles market size is anticipated to grow from US$ 60.2 Bn in 2021 to US$ 97 Bn by 2032, with overall plastic bottle sales rising at 5.5% CAGR throughout the forecast period.

Rising usage of plastic bottles for packaging beverages, drugs, cosmetics, and homecare products due to their low cost, high strength, and impact resistant features will continue to provide impetus to the growth of plastic bottles market during the forecast period.

Plastic is a product that is used all around the world, and the market is exploding with creative, cost-effective, and environmentally friendly packaging choices. In order to address the demand for bottles, leading businesses like Amcor have produced innovative plastic product shapes. PET is predicted to increase faster than other material types during the projected period, with a compound annual growth rate of 3.9%, according to FMI study.

Compared to other plastic packaging products, PET is favored by manufacturers because it uses less raw material during production. It is a well-liked option due to its capacity to be recycled and customized with a variety of colors and styles. The popularity of refillable products has increased as consumer awareness of environmental issues has increased.

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Because it is lighter and easier to handle than other types of packaging, plastic packaging is growing in popularity among consumers. Large manufacturers also favor plastic packaging solutions because of their affordable production costs.

Additionally, polyethylene terephthalate (PET) and high-density polyethylene (HDPE) materials are increasingly used in plastic bottles. In the bottled water and soft water businesses, PET bottles are becoming more and more common.

Similarly, significant rise in utilization levels along with the development of new designs and emergence of small brands in the market indicates the expansion of the global plastic bottles market.

Key Takeaways from Bottle Carrier Market

• By material type, PET segment is expected to grow at 3.9% CAGR between 2022 and 2032, creating an incremental opportunity of US$ 16 Bn by 2032.
• Based on end use, demand for plastic bottles in beverage segment is projected to increase at 3.9% CAGR during the assessment.
• East Asia and North America are expected to remain the most dominant market for plastic bottles.
• The plastic bottles market in China is likely to grow at a CAGR of 5% between 2022 and 2032, totalling a valuation of US$ 14.5 Bn by 2032.
• Sales of plastic bottles in India are slated to rise at 6% CAGR during the forecast period, creating an incremental opportunity of US$ 4.0 Bn by 2032.

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“Innovation in plastic bottle materials and designs, low cost of plastic bottles, and widening application of plastic bottles for storing and packaging various items are expected to boost market growth during the next ten years,”– says FMI analyst

Increase in Demand for Rigid Plastic Bottle Packaging is Fuelling the Market Growth

One of the major advantages of rigid packaging is the protection it provides to the products. Rigid plastic bottles make sure the beverage or any other product is delivered as it was intact in the first place. It helps in preventing any breakage or damage to the bottles.

In addition, plastic has various varieties of materials right from being lightweight and durable to low density and high-density plastics. So manufacturers can customize the bottles according to the requirements of the consumers in their specified budget.

Rigid plastics also have recycling options and thus, increase in demand for rigid plastics will continue to fuel market growth during the next ten years.

Development of New Drugs in Plastic Bottles Augments the Sales of the Market

Pharmaceutical manufacturers are developing new drugs in the medical segment. Usually, small glass bottles are used for storage of drugs but there is always a risk of breakage of the glass bottles. This is when high quality plastic bottles are more feasible in this situation. Pharmaceutical manufacturers have started using high quality plastic bottles for storing the drugs safely. The high quality of the plastic will not give any reactions to the products as well.

In coming years, plastic bottles will be widely used in the pharmaceutical segment for the storage of the drugs and hence, this will boost the sales of plastic bottles in the market.

Who is Winning?

Some of the leading players operating in the plastic bottles market include Berry Global, Alpha Packaging, Amcor, Comar LLC, Graham Packaging, Cospack America Corporation, Bericap Gmbh & Co. KG, Alpha Packaging, Plastic Holdings Inc, CKS Packaging Inc, Weener Plastics Group BV, Container Corporation of Canada, Ontario Plastic Container Producers Ltd., Constar Internationals, Inc, Alpack Plastics, Plastipak Holdings, Inc, Resilux NV, Greiner Packaging, Silgan Holdings, Altium Packaging and others.

The market is expected to observe a strong competition due to increasing number of market participants across various nations. In order to capitalize, manufacturers are adopting strategies like new product launches, mergers, acquisitions, collaborations, and partnerships.

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Plastic Bottles Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for plastic bottles market by material type (PET, PP, PE, PVC and others), by capacity (less than 250 ml, 250 ml to 500 ml, more than 500 ml), by end use (food, beverages, pharmaceuticals, personal care & cosmetics, homecare and others (Industrial), by Region (North America, Latin America, Europe, South Asia, East Asia, Middle East and Africa, Oceania) – Forecast to 2022 – 2032.

About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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

Website: https://www.futuremarketinsights.com

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The overall rubber tapes market is projected to develop at a reliable 4.4% CAGR, showing up at US$ 1.4 Bn in 2032. Extending interest for rubber tapes from the equipment and advancement regions should help bargains by 1.6 times some place in the scope of 2022 and 2032.

Interest for substantial sticky material is supposed to increment because of fast industrialization across the world. Hardware and electrical ventures represent the most extreme interest for rubber tapes for fixing links and gear.

Rubber tapes are produced utilizing strong materials with high strength and waterproofing skills. They are accessible in an extensive variety of grip quality according to the prerequisite of end clients. Vital participants are zeroing in on the assembling of rock solid tapes for project workers and modern place of work applications. Weighty rubber tapes are fundamental for successful fixing and improving misfortunes in framework and modern tasks.

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Ongoing improvements in rubber tapes are boosting their applications for sealing, repairing and holding activities across various industries. New advanced adhesive technology allows rubber tape to adhere to different materials for a longer duration. Rubber tapes with a combination of various rubbers and polymers can adhere to high abrasion and heavy-duty loads, thereby boosting their applications across the globe.

Further, these tapes are being used in the building & construction industry as an economical, and easy-to-use solution for indoor and outdoor construction activities. The availability of low and high tacking construction tapes makes it an ideal solution for indoor activities such as renovation, window, door and furniture and decorative paintings.

“Growing adoption of rubber insulation tapes in the electrics and electronics industry, along with increasing demand from the automotive industry will continue driving the rubber tapes market over the forecast period,” says the FMI analyst.

Key Takeaways:

• Based on product type, sales in the ethylene-propylene rubber tapes segment will reach US$ 655.9 Mn in 2032.
• Total sales of rubber tapes having a thickness between 0.7mm and 0.9mm are expected grow at a 4.3% CAGR over the forecast period.
• Demand in the electrical and electronics sector will create an incremental opportunity of US$ 145.1 Mn over the forecast period.
• Applications of rubber tapes in the maintenance and repair segment will account for 39.3% of the total market share in 2022.
• Sales of rubber tapes in the U.S. are expected to offer an incremental opportunity of US$ 75.1 Mn over the forecast period.

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Rubber Tapes Market Landscape

Some of the key players dominating the global rubber tapes market are 3M Company, HellermannTyton Company, Scapa Group plc, tesa SE, Intertape Polymer Group Inc., Berry Global Inc., Nitto Denko Corporation, Atlantex Manufacturing Corp, Midsun Specialty Products, Inc., CS Hyde Company, MOCAP, LLC, Parafix Tapes & Conversions Ltd, Cole-Parmer Instrument Company, LLC, Senson Tek, ERGOM Z.A.E. Sp. z o.o, Godson Tapes Private Limited, 3A Associates Incorporated and Omega Rubber Industries.

Leading players operating in the global rubber tapes market are investing in mergers, acquisitions and collaborations to expand their global presence in the market. For instance:

• In June 2021, Intertape Polymer Group announced an agreement to acquire Nuevopak Global Limited.

Rubber Tapes Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the rubber tapes market, analysing historical demand from 2016-2021 and forecast statistics for 2022-2032.

The study reveals growth projections on the rubber tapes market based on product type (EPR rubber tapes, PIB rubber tapes, butyl rubber tapes), application (repairing & protecting, insulation & joining, waterproofing, sealing), end-use industry (automotive, building & construction, electrical & electronics, aerospace & defence, general industries) across seven regions.

Competitive Landscape

Leading players operating in the global rubber tapes market focusing upon increasing their production capacity to keep up with the growing demand from various end-use sectors. In addition to this, they are investing in research and development to improve their product portfolios. For instance:

• In January 2022, tesa SE announced its plan to start a new plant in Haiphong, Vietnam, with a production capacity of 40 million square meters of adhesive tapes per year.

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

To Continue TOC…

Global Rubber Tapes Market By Category

By Product Type :

• Ethylene Polypropylene Rubber (EPR) Rubber Tapes
• Polyisobutylene (PIB) Rubber Tapes
• Butyl Rubber Tapes

By Thickness :

• Up to 0.3 mm
• 0.4 mm to 0.6 mm
• 0.7 mm to 0.9 mm

By Application :

• Repairing & Protecting
• Insulation & Joining
• Waterproofing
• Sealing
• Others

By End-use Industry :

• Automotive
• Building & Construction
• Electrical & Electronics
• Aerospace & Defence
• General Industries
• Others

According to a market study by Future Market Insights (FMI), the demand for plastic punnets increased among end users with growing consumption of packaged fresh food. However, due to growing environmental concern, manufacturers and end users are adopting sustainable packaging formats to preserve nature and ensure maximum product shelf life.

To capitalize on this existing trend, some of the manufacturers are developing PCR material based punnets and are also developing alternatives to plastic punnets such as cardboard, paper and molded fiber punnets.

For instance, leading manufacturer, Smurfit Kappa Group identified that globally around 95% of all plastic packaging is used for single time and then converted into waste by discarding all of them.

This increased the litter and ultimately landfills. Hence, demand for paper based punnets is expected to increase as they are completely recyclable and reduce the plastic waste.

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Meanwhile, Westpack Group Ltd. recently launched cardboard based punnets which are heat sealed. This innovation will minimize long-standing dependency of grocery manufacturers on plastic punnets for commercial heat sealing process. The company is offering set of commercially viable paper based alternative to plastic punnets.

As these paper or cardboard punnets are also good in absorbing moisture, FMI anticipates that they will witness astonishing growth, accelerating the demand in the global punnet market over the coming decade.

Key Takeaways from Punnet Market
The plastic punnet segment is estimated to create an incremental opportunity of US$ 529.4 Mn during the forecast period.

The fresh food produce segment will witness robust growth at a CAGR of 6.5% in the forecast period.

North America punnet market is to anticipated to hold nearly 25% of the global market share during the forecast period.

South and East Asia are anticipated to be the most attractive region for the punnet market during the forecast period.

China and the U.S are expected to dominate the East Asia and North America punnet market, respectively.

“Adoption of sustainable material with ~100% recyclability which can increase the shelf life of fresh produce with attractive print on the punnet is increasing. This is expected to create lucrative growth avenues in the market over the coming decade” –FMI Analyst

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Need to Increase Shelf Life of Fresh Produce to Accelerate Demand for Punnet Packaging
The punnet market is poised to expand with rising demand for products with longer shelf lives. It takes time for packaged food to reach consumers across the globe after it is packaged. As a result, the packaged food may not be fresh, and its aroma and taste may be lost before it reaches the consumer. Hence, to keep the packaged food and fruits more fresh, adoption of punnets is increasing.

Further, packaging industries are investing in technologies and various new packaging techniques, such as intelligent packaging to increase the shelf life of the product. Punnet packages’ enhances the shelf life of fresh goods for longer period of time. This is creating growth opportunities for punnet manufacturers.

Punnet Market Landscape
Leading players operating in the global punnet market include Smurfit Kappa Group Plc, LC Packaging International BV, Coveries Holding SA, T&B Containers Ltd, Tacca Industries Pty. Ltd., Raptis Pax Pty. Ltd., INFIA srl, Quinn Packaging Ltd., Groupe Guillin SA, Paccor Netherlands BV, Leeways Packaging Services Ltd., AVI Global Plast Private Limited, Royal Interpack Group, Alta Global Inc. and Ilip S.r.l.

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Punnet Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global market for punnet market by material type (paper, plastic, molded fiber punnets), by capacity (Up to 150 gm, 151-330 gm, 301-500 gm, above 500 gm), by application (fruits and vegetables, meat poultry and seafood, frozen food, Ready-to-Eat), by end use (retail outlets, hotels, restaurants and cafes, household).