Corrugated Bin Boxes Market Research Report 2022-2032

Corrugated bin boxes are made from the corrugated board, which is a preferred packaging material, because of its sustainability, recyclability and versatile features. Manufacturers are getting influenced by this high-performance material and therefore are preferring corrugated materials over other conventional materials.

Corrugated bin boxes are manufactured from natural renewable resources, consuming high percentages of recovered fibers which include old newspapers, mixed papers, old corrugated containers, and Kraft papers, thus diverting these materials from the public solid waste stream.

For instance, in 2015, around 92% of all cardboard and containerboard manufactured were recovered and recycled in the U.S. Corrugated materials have the maximum recycling rate of any packaging material used today. Owing to which, corrugated bin boxes have been reused, in order to store and move items across the industries.

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Corrugated Bin Boxes Market: Dynamics

Factors such as recyclability of corrugated materials coupled with strong growth in the food & beverage as well as electronic goods industries is driving the growth in the corrugated bin boxes market globally.

The demand from the food & beverage packaging industry is expected to grow at a healthy rate, owing to the growing demand for branded and packaged products, and consumer awareness toward the safe packaging of the product. In addition, beverage manufacturers are using corrugated bin boxes due to safe shipment these boxes offer.

Increasing spending by consumers for packaged products and growing e-commerce industries is expected to fuel the demand for corrugated bin boxes market in future. Rising manufacturing activities together with increasing retail ready packaging driven by the influence of modern trades over the retail landscape and sustained by their increasing share in the retail market, is also one of the major factor which is driving the growth of the global corrugated bin boxes market.

However, factors such as greenhouse gas emission during production and growing raw material cost can hinder the growth in the corrugated bin boxes market.

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Corrugated Bin Boxes Market: Segmentation

On the basis of materials, the global corrugated bin boxes market is segmented into,

  • Paper
  • Paperboard
  • Corrugated Paperboard

On the basis of product type, the global corrugated bin boxes market is segmented into,

  • Corrugated bin Dividers
  • Corrugated Totes
  • Jumbo Corrugated Bin Boxes
  • Kraft Open Top Bin Boxes
  • Stackable Bin Boxes
  • Storage Boxes
  • White Corrugated Bin Boxes
  • Warehouse Rack Corrugated Bins

On the basis of application, the global corrugated bin boxes market is segmented into,

  • Food & Beverage
  • Pharmaceuticals
  • Manufacturing Units
  • Warehouses
  • Electronic Firms
  • Automotive Spare parts dealerships
  • Others

Corrugated Bin Boxes Market: Region Wise Outlook

On the basis of geography, the global corrugated bin boxes market is divided into five regions, which includes North America, Latin America, Europe, Asia Pacific and Middle East & Africa. North America is expected to attain the maximum market share in the corrugated bin boxes market.

While, Asia pacific is anticipated to be the highest growing region over the forecast period. The growth in Asia Pacific will primarily be driven by the growth in the developing economies due to rising disposable income, growing retail and packaging industry.

Europe is expected to witness an above average growth in the corrugated bin boxes market. Latin America and Middle East & Africa are expected to experience a stagnant growth in the corrugated bin boxes market.

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Corrugated Bin Boxes Market: Key Players

Some of the major players for the corrugated bin boxes market are Ameripak, Pack box, International Plastics, Inc., Deluxe Packaging, Saxon Packaging Limited., Gabriel Container Co, Cactus Containers and many more.

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 such as application, material, printing technology and geographies.

Cans Market Report | Size, Growth, Demand, Scope, Opportunities and Forecast 2022-2032

As per FMI, the global cans market is projected to reach US$ 51.6 Bn in 2032 and exhibit growth at a CAGR of 3.8% in 2022-2032. The market is estimated to reach a valuation of over US$ 35.6 Bn in 2022.

Cans are best suited for preserving food as it prevents growth of microorganisms that cause foodborne illnesses. Being 100% recyclable, food cans are expected to be the ideal packaging choices for manufacturers across the globe. They are nowadays emphasizing sustainable packaging solutions.

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The aluminum segment by material type is estimated to generate a dominating market share throughout the forecast period. Growth is attributed to its extensive use in various end-use industries such as beverages, pharmaceuticals, cosmetics & personal care, and homecare products. According to the Environmental Protection Agency of the United States (EPA), in 2018, about 1.9 million tons of aluminum packaging was generated from beers and soft drink cans and 49.2 percent of aluminum beverage cans were recycled. Hence, aluminum cans are estimated to dominate the market.

Key Takeaways from Cans Market

  • By material type, the aluminum segment is likely to create an incremental opportunity of US$ 13.1 Bn during the forecast period.
  • Based on end use, the beverages segment is expected to accelerate at a CAGR of 0% in the global cans market during the forthcoming years.
  • The China cans market is anticipated to generate a share of around 47% in the forecast period.
  • The India cans market is projected to register a CAGR of 0% during the forecast period.
  • The global cans market exhibited growth at a CAGR of 5% during the historic period of 2015-2021.
Global Cans Market Outlook By Category
By Material Type:
  • Aluminum
  • Steel/Tin Plated
  • Plastic
  • Paper Composites
By Capacity:
  • Up to 200 ml
  • 201 – 750 ml
  • More than 750 ml
By End Use:
  • Food
  • Beverages
    • Alcoholic Beverages
    • Non-alcoholic Beverages
  • Healthcare
  • Cosmetics & Personal care
  • Homecare Products
  • Paints & Lubricants
  • Others Consumer Goods (Gifts, Toys, Merchandizing, etc.)

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“Government initiatives to ban single-use packaging options is expected to create new growth opportunities for cans manufacturers globally. Besides, high demand for easily recyclable and eco-friendly packaging options would drive the need for cans in the market,” says a FMI analyst.

Key Cans Manufacturers Are Prioritizing Sustainability

Participants in the global cans market are primarily focusing on adopting new packaging formats that would have less influence on the environment and generate relatively lower carbon footprints when converted into waste. Therefore, some of the manufacturers are taking initiatives and investing more on research & development activities to accelerate material or product innovations. Additionally, they are focusing on manufacturing new facilities for the recycling of scrap cans.

As per a recent report published by the American Iron and Steel Institute, steel food cans consist of the highest recycling rate out of all food packaging that is equivalent to 58%. This rate is significantly higher than alternative food packaging that includes plastic (13%), glass (33.9%), cartons (16%), and pouches (2%). Nearly 30,000 food cans are recycled every minute in the U.S. Steel cans made of recycled steel results in 75% less greenhouse gas emission than making food cans with virgin steel. Thus, FMI estimates that various initiatives by market players will significantly increase the demand for cans in the next decade.

Competitive Landscape: Cans Market

Some of the leading participants in the global cans market are Ball Corporation, Mondi Group, Novelis Inc., Crown Holdings, Inc., Silgan Holding Inc., Ardagh Group S.A, Orora Packaging Australia Pty. Ltd., the Olayan Group, Ardagh S.A., Canpack, CPMC Holdings Ltd., Bangkok Can Manufacturing ,Nampak Ltd., Mahmood Saeed Beverage Cans & Ends Industry Company Ltd,Kian Joo Can Factory Berhad, Swan Industries (Thailand) Company Ltd, GZ Industri, Toyo Seikan Co., Ltd. and Envases Group.

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Get More Insights on Cans Market

Future Market Insights, in its new report, offers an unbiased analysis of the global market for cans market by material type (aluminum, steel/tin plated, plastic, and paper composites), capacity (up to 200 ml, 201-750 ml, and more than 750 ml), end use (food, beverages, pharmaceuticals, cosmetics & personal care, homecare products, paints & lubricants, and others consumer goods), across seven regions.

Crates Market Current and Future Trends, Leading Players, Industry Segments and Regional Forecast By 2032 | Says FMI Analyst

The global crates market is projected to grow from US$ 5.2 Bn in 2022 to US$ 9.2 Bn by 2032, exhibiting a CAGR of 5.9% throughout the forecast period. Rising usage of crates across numerous end-use industries such as food & beverages, pharmaceuticals, automotive, and logistics is a key factor driving growth in the global crates market.

Crates are huge, robust containers that are useful in a variety of end-use industries. They are being increasingly used to transport products across various industries as they provide better protection and ventilation to the goods.

Similarly, rise in import/export trade activities across the world is anticipated to generate enormous demand for packaging solutions like crates during the next ten years.

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Demand is especially rising for plastic crates due to their low cost, easy transportation, and lightweight features. However, with rising environmental concerns, sales of wooden crates are likely to gain traction during the forecast period.

The expanding R&D initiatives related to crates design for effective transportation at cheaper costs are likely to boost the market growth. The use of crates in the booming import and export business around the world is expected to have a substantial impact on the crates market.

Regionally, demand for crates is likely to grow at a higher pace across developing nations because of rapid economic development and expanding manufacturing sector.

However, fire hazards connected with wood, plastic, or recyclable crates, as well as food safety problems associated with the usage of wooden crates are expected to have a negative influence market growth.

Key Takeaways from Global Crates Market

  • Based on material type, the plastic crate category is expected to hold almost 1/4th value share in the global crates market.
  • By product type, collapsible crates segment is expected to grow at the fastest CAGR during the forecast period.
  • Based on end use, the food and beverages segment is anticipated to expand at 6.5% CAGR through 2032.
  • The U.S. crates market is projected to grow at a CAGR of 5% between 2022 and 2032, reaching a valuation of around US$ 892.4 Mn in 2022.
  • The Indian crates market is expected to grow at a CAGR of 6% during the projection period.

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“The global crate market is likely to witness significant growth over the projected period due to rapid expansion of food & beverages industry worldwide. Furthermore, HDPE crates are projected to be extremely profitable for crate makers.” –comments FMI Analyst

Food & Beverages Sector is the Key Driver of Global Crates Market

The food and beverage business has the highest demand for crates on the market. The rise of the food processing industry due to growing consumption of packaged foods is likely to play a key role in fostering sales of crates during the forecast period.

Due to increased beverage consumption around the world, crates are in great demand. 85.6 percent of Americans over the age of 18 have consumed alcohol at some point in their life, according to the 2019 National Survey on Drug Use and Health. Attributing to increasing sales of beverages, demand for partition crates for transportation of delicate glass beverage bottles is rising at a robust pace.

Global Crates Market by Category

By Material Type:

  • Plastic
    • High-density Polyethylene (HDPE)
    • Polypropylene (PP)
  • Wooden
  • Metal

By Product Type:

  • Stackable
  • Nestable
  • Collapsible

By End Use:

  • Food & Beverages
    • Fruits & Vegetables
    • Dairy Products
    • Meat, Poultry & Seafood
    • Others
  • Pharmaceuticals & Medical Devices
  • Automotive
  • Building and Construction
  • Logistics and Transportation

Who is Winning?

Key players in the plastic crate industry are concentrating on providing lighter-weight and more environmentally friendly crates. Some of these key players are Brambles Limited, Schoeller Allibert AB, NEFAB GROUP, Myers Industries, Inc., DS Smith PLC, Dynawest Limited, Craemer UK Ltd, SABIC, Supreme Industries Limited, Rehrig Pacific Company, Inc.

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Global Crates Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for global crates market by material type (plastic crate, wooden crate, and metal crate), by product type (stackable, nestable, and collapsible), by end-use (food & beverages, pharmaceuticals & medical devices, automotive, building and construction, logistics and transportation) across seven regions.

Tea Packing Machine Market Share by 2032: Upcoming Trends and Analysis

As per Future Market Insights (FMI), the global tea packing machine market size is estimated to be valued at US$ 811.4 Mn in 2022. Furthermore, with rising production and consumption of tea globally along with increasing need for improving production efficiency in manufacturing facilities, the overall sales of tea packing machines are slated to grow at 5.7% between 2022 and 2032, totaling around US$ 1,418.1 Mn by 2032.

Similarly, increasing adoption of the smart automated techniques for the tea packing is expected to fuel the sales of tea packing machines during the forecast period.

Tea packing machine is important as it acts as a responsible packaging solution. It helps in providing consistency in terms of taste, colour and volume of the tea. The efficient tea packaging ensures that the natural health of the tea is preserved.

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Manufacturers have increased usage of tea packing machines as they reduce the time and effort for the product packaging. Rising demand for ready to drink tea has also boosted the tea packing machine market.

The tea packing machine can be used for the production of application products such as pouches, bags, stick packs, sachets, bottles & jars etc. However, tea pouches are mostly used as they are more flexible and can be customized according to the requirement.

Key Takeaways from Tea Packing Machine Market

  • Based on machine type, form fill-seal equipment segment is estimated to grow at the rate of 6.0% CAGR during the forecast period.
  • By application, pouches segment is likely to grow at the fastest CAGR of 6.9% between 2022 and 2032.
  • The U.S. tea packing machine market is predicted to expand at 4.1% CAGR through 2032.
  • Tea packing machine market in China is likely to grow at the highest CAGR of 6.2% during the next ten years.
  • Demand for tea packing machines in India is slated to grow at 5.3% CAGR, totalling around US$ 94.2 Mn by 2032.

“The rising consumption and production of the tea is creating opportunities for the key players as end-use manufacturers are opting for the smart automated tea packing machines which can reduce the cost and increase the production efficiency” – says FMI analyst

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Tea Packing Machines Are Getting Traction as Smart Manufacturing Through Automated Machines

Manufacturers of the tea packing machines are focused on innovating existing packaging systems due to increased demand for the automated packing process. End-use industries are setting up automated packaging systems to increase production efficiency and reduce production costs.

Automated tea packing machines help in reducing the laborious task, saving time and eliminating errors. The smart manufacturing option presented by the tea packing machines has gained a significant advantage in the market. End-users are opting for smart tea packaging. Thus, tea packing machines are getting traction as smart packaging through automated machines is boosting the end use production activities.

Growing Count of Tea Flavours to Push the Demand for Tea Packing Machines

There are more than 1000 varieties of tea available worldwide, which are mainly classified as white, green, black or oolong. Tea is considered the second most popular drink in the world.

The customer base of tea is increasing due to increased demand for tea in emerging economies such as India or China. The consumption has increased the demand for the tea in different packaging such as stick packs, bags, sachets etc.

One of the reasons for the increased consumption is the easy availability of ready-to-drink tea. People are consuming ready-to-drink tea, as it does not need any sort of preparation and can be easily consumed. Thus, the growing count of the tea flavours and increasing customer base of the tea is increasing the demand for tea packing machines.

Who is Winning?

ACMA S.p.A., Omag srl, Teepack Spezialmaschinen GmbH & Company KG, Universal Pack S.r.l. and Omori Europe are the key players operating in the global tea packing machine market.

Also, some of the noticeable players operating in the tea packing machine space are I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A., Xiamen Sengong Packing Equipment Co. Ltd., Unitek Packaging Systems Private Limited, AVM Packaging Systems, A. P. Pack Solutions, Vista Technopack Machines, Synda Pack, Dopack, HANGZHOU YOUNGSUN INTELLIGENT EQUIPMENT CO., LTD, Nichrome Packaging Solutions., Nasa Corporation, Zirve International., Pavel Blažek, balicí stroje s. r. o., dph International GmbH, Spack Machine and others.

Most of these players are focused towards providing customized packaging solutions to end users. Besides this, they are adopting strategies such as new product launches, partnerships, mergers, and acquisitions to increase their revenue share and expand their global footprint.

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Tea Packing Machine Market by Category

By Automation:

  • Automatic
  • Semi-automatic
  • Manual

By Machine Type:

  • Form Fill-seal Equipment
  • Filling & Dosing Equipment
  • Cartoning Equipment
  • Case Packing and Sealers
  • Wrapping and Bundling Equipment
  • Palletizers

By Application:

  • Pouches
  • Bags
  • Stick Pack
  • Sachets
  • Bottles & Jars
  • Containers & Boxes
  • Cans

Tea Packing Machine Market Report

Future market insights, in its new report, offers an unbiased analysis of the global tea packing machine market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the tea packing machine based on the automation (automatic, semi-automatic and manual), machine type (form fill-seal equipment, filling & dosing equipment, cartoning equipment, case packing and sealers, wrapping and bundling equipment and palletizers), and application (pouches, bags, stick pack, sachets, bottles & jars, containers & boxes and cans) across seven regions.

Foamer Pump Market Size to Exceed Valuation Of Thousand by 2031

A detailed survey conducted by Future Market Insights (FMI) offers compelling insights into key drivers and opportunities facilitating growth expansion of the global foamer pump market. It studies the market across various segment in terms of pump type, material, and applications. The report also uncovers the hidden growth prospects in the foamer pump market size for the coming decade.

As per a recent report published by FMI, the global foamer pump market is poised to total US$ 216.4 Mn by 2031. Growing adoption of advanced and contamination-free packaging solutions to enhance the utility of cosmetics and personal care products is fueling the demand for foamer pumps.

Foamer pumps are increasingly finding application in the cosmetic & personal care industry for packaging products such as shaving cream, liquid hand wash, facial cleanser, sun protection foam, and others, owing to their excellent dispensing ability. Driven by this, the market is expected to surge at a CAGR of 4.2% over the forecast period from 2021 to 2031.

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Increasing sales of cosmetic & personal care products due to the growing emphasis on personal hygiene and rising expenditure on skincare are expected to create lucrative opportunities for the market.

FMI also forecasts that the market will gain from the rising adoption of environment-friendly packaging solutions across the skincare sector. This has encouraged several leading foamer pumps manufacturers to focus on developing sustainable packaging using post-consumer recycled (PCR) plastic.
For instance, Richmond Containers CTP Ltd. announced launching a novel PCR foam pump made using 57% of recycled materials. A multiplicity of such product launches is projected to total the sales at 360 Mn units by 2021-end.

On the basis of pump type, the handheld foamer pump segment is anticipated to account for the largest revenue share, registering sales at a CAGR of 4% through 2031. These pumps offer efficient and convenient small-size packaging solutions to users, making them highly sought-after for dispensing products.

“Global cosmetics and personal care giants such as L’Oréal, Procter & Gamble and Unilever are focusing on making deeper inroads into China, South Korea, and India. As leading cosmetic brands aim for capitalizing on untapped potential of emerging markets, sales prospects for foamer pump producers will grow,” says a FMI analyst.

Key Takeaways from Foamer Pump Market Study

• The U.S. is anticipated to dominate the market in North America, accounting for nearly 86% of share in the region through 2031.

• Germany is forecast spearhead growth in the Europe market, accounting for more than 18% of sales between 2021 and 2031.

• Demand for foamer pumps in South Korea is expected to rise by 2x by 2031, owing to the increasing sales of skincare and cosmetic products in the country.

• China is expected to register the fastest growth in East Asia, expanding at a 5% CAGR over the assessment period.

• In terms of application, the hand sanitizer segment is estimated to emerge as the most remunerative segment in the market, accounting for nearly 28% of sales in 2021.

Key Drivers

• Increasing sales of cosmetics and personal care products owing to the growing penetration of e-commerce platforms across the U.S., South Korea, and China are propelling the demand for foamer pumps.

• Rising demand for hand sanitizer with sustainable and easy-to-use packaging due to increasing personal hygiene concerns amidst COVID-19 is spurring the sales across the hand sanitizer application segment.

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Key Restraints

• Implementation of stringent government regulations regarding the use of plastics such as polyethylene terephthalate (PET), polyethylene (PE), and polypropylene (PP) are hampering the sales across the plastic material segment.

• High cost of foamer pumps compared to traditional caps and closures is hindering the sales in the market.

Competitive Landscape

As per FMI, the top five foamer pump market players are Silgan Dispensing Systems Corporation, Albéa S.A., Rieke Corporation, AptarGroup, Inc. and Frapak Packaging B.V. These companies are expected to account for nearly 25% to 35% revenue share in 2021.

Foamer pump manufacturers are focusing on adopting strategies such as new product launches, acquisition, and partnerships with other player to gain competitive edge. The key players also are aiming for expanding their product manufacturing capabilities to increase their market share. For instance,

• In December 2020, Silgan Dispensing Systems, a leading manufacturer of plastic dispensing and spraying systems, announced launching Mini NEA line in 5ml, 7.5ml and 10ml sizes. These of sample-size foam solutions are designed for lotions and cleansers, and other personal care products.

• In April 2020, Albéa S.A, a leading cosmetic packaging manufacturer and supplier, announced expanding it production line and started manufacturing of foam, tubes, and lotion pumps for hand sanitizers. These strategies will assist the company in enhancing its product portfolio.

Some of the key players operating in the market profiled by FMI are:

• Silgan Holdings Inc.
• Aptar Group, Inc.
• APackaging Group
• Albea S.A.
• Rieke Corporation
• Raepak Ltd.
• Richmond Containers CTP Ltd.
• Silgan Dispensing Systems Corporation
• Sun-Rain Sprayer Co., Ltd.

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More Valuable Insights on Foamer Pump Market
FMI, in its new report, offers an unbiased analysis of the global foamer pump market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in foamer pump market with detailed segmentation:

By Pump Type:
• Squeeze Foamer Pumps
• Dual Chamber Foamer Pumps
• Table Top Foamer Pumps
• Handheld Foamer Pumps

By Material:
• Plastic
o Polyethylene (PE)
o Polyethylene Terephthalate (PET)
o Polyvinyl Chloride (PVC)
o Polypropylene (PP)
o Others
• Metal

By Application:
• Hand Sanitizer
• Face and Body Wash
• Sunscreen
• Shampoos and Conditioners
• Other Applications

Intelligent Packaging Market Size Important Changes in Industry Dynamics during 2021-2031

Future Market Insights (FMI), Dubai: As per FMI, the global intelligent packaging market size is estimated to top US$ 19.7 Bn in 2021. Suring applications of intelligent packaging solutions across cosmetics, personal care, healthcare, and consumer goods industries is augmenting the demand in the market. On account of this, the market is anticipated to exceed US$ 46.7 Bn by 2031, expanding at a 9% CAGR over the forecast period from 2021 to 2031.

Intelligent packaging is gaining traction, especially following the rapid expansion of the e-commerce sector as these solutions facilitate tracking, tracing, and ensure safety of products while transit, subsequently improving their shelf-life. These factors are expected to drive the sales of intelligent packaging by 2.4X through 2031.

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Several brands are shifting towards intelligent packaging solutions to meet the demand for interactive, smart, user-friendly, connected, and eco-friendly packaging from customers. For instance, Cadbury, a British multinational confectionery company, started adopting smart packaging to help its customers make connections. It also uses a MAXQ QR code on its milk tray packaging. Driven by such developments, the demand for intelligent packaging is expected to grow at 10.5% in 2021.

On the basis of the level of packaging, primary packaging is anticipated to continue dominating the market, growing at a robust CAGR of 9.6% through 2031. Increasing emphasis on adopting interactive and attractive packing solutions to improve the first impression of the product is a key factor driving sales in the segment.

“Greater inclination for contactless purchase and contactless delivery among present-day consumers will tip scales in favor of intelligent packaging. Introduction of innovative packaging technologies such as anti-microbial and nanotechnology also will accelerate the growth in the market,” says a FMI analyst.

Key Takeaways from Intelligent Packaging Market Study

  • The U.S. is expected to hold the largest share in the North America market, accounting for nearly 85% of regional sales through 2031.
  • Germany is projected to emerge as one of the most remunerative markets in Europe, contributing around 1/5th of the overall revenue share in the region by 2031.
  • India is estimated to dominate the South Asia intelligent packaging market, accounting for more than 45% of the regional demand through 2031.
  • The market in Japan is forecast to witness swift growth, expanding at an impressive CAGR of 11.2% CAGR from 2021 to 2031.
  • In terms of technology, interactive/data carriers packaging is anticipated to hold the dominant share, accounting for 44% of the sales by 2031.

Key Drivers

  • Increasing demand for smart packaging with advanced features such as easy tracking and detecting using quick response (QR) codes from the e-commerce industry is spurring the sales of intelligent packaging.
  • Implementation of stringent regulations regarding storing and transporting various food & beverages and healthcare products to ensure product safety is propelling the demand for active packaging such as oxygen scavengers and ethylene absorbers.

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Key Restraints

  • High cost of intelligent packaging compared to traditional packaging is a primary factor hampering the growth in the market.
  • Rising concerns regarding the environment and implementation of several regulations about the use of plastics for packaging are restraining the growth in the market.

Competitive Landscape

Leading manufacturers are emphasizing on launching next-generation packaging solutions, integrated adopting advanced technologies to expand their product portfolio. Also, some of the players are aiming at expanding their production capacity to cater to the increasing demand from various industries.

  • In 2021, JRI Company, an American company, announced expanding its production capacity by integration of the Labguard 3D equipment into its JRI-MySirius solutions.
  • In December 2020, DeltaTrak Inc., a leading innovator of cold chain management and temperature monitoring solutions, announced launching customized vaccine temperature monitoring solutions, which are compatible with the three temperature profiles required for the handling, transport, and storage of COVID-19 vaccines.

Some of the key players operating in the market profiled by FMI are:

Material Providers

  • Dow Chemical Company
  • LyondellBasell Industries N.V.
  • BASF SE
  • Exxon Mobil Corporation
  • Saudi Basic Industries Corporation

Packaging Manufacturers

  • Amcor plc.
  • Crown Holding Inc.
  • 3M Company
  • CCL Industries Inc.
  • Huhtamaki Global

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Key Questions Covered in the Report

  • The report offers insight into intelligent packaging market demand outlook for the forecast period 2021-2031
  • The market study also highlights projected sales growth for intelligent packaging market between 2021 and 2031
  • Intelligent packaging market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Intelligent packaging market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Spray Polyurethane Foam Market Size & Forecast to 2028 | BASF SE, Bayer Material Science, CertainTeed Corporation

Spray polyurethane foam is an insulator that is sprayed on the interior parts of a building (e.g., walls, roofs, and floors); it acts as an air barrier that prevents thermal leaks. Spray polyurethane foam is produced by two liquid components, polyol blend and MDI, which are mixed under pressure and sprayed onto a wall cavity or roof. Usage of spray polyurethane foam reduces the overall maintenance cost, extends the life span of a building and allows flexibility of building design. The spray polyurethane foam comes in two forms: open cell foam and closed cell foam. Among these, open cell foam also known as half-pound or low density foam is expected to gain traction in the coming years, owing to its wide application in building interiors.

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Spray Polyurethane Foam Market: Dynamics

Drivers:

The growth in the construction industry both in developed and developing economies is projected to be the prime factor driving the growth of the spray polyurethane foam market over the forecast period. Moreover, increasing anxieties pertaining to greenhouse emission with also give traction to the growth of the spray polyurethane foam market in the coming decade. According to the Environmental Protection Agency (EPA), around 10–12% of the overall greenhouse gas emission is caused owing to burning of fossil fuel for generation of energy. That apart, increasing government initiatives to develop public infrastructure is expected to drive the growth of the construction industry and ultimately surge the demand for spray polyurethane foam in the future.

Restraints:

The prices of raw materials of spray polyurethane foam are highly volatile. This is projected to act as a major factor expected to hamper the growth of the spray polyurethane foam market over the forecast period. Moreover, occupational health hazards is also expected to restrain the growth of the spray polyurethane foam market in the coming years.

Trends:

A major trend predicted five years down the line includes market leaders (Tier – I players) of spray polyurethane foam are focused on acquiring Tier – III players to expand presence across the globe. Additionally, this will benefit them to increase market share in the global spray polyurethane foam market.

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Spray Polyurethane Foam Market: Regional Outlook

The growth of the global spray polyurethane foam market is reliant on the growth of end-use segments across geographies. Increased infrastructure spending across emerging economies such as India and China is projected to drive the growth of the construction industry in Asia Pacific. Thus, Asia Pacific is expected to witness high growth in the global spray polyurethane foam market over the forecast period. Some of the countries in Latin America are expected to experience growth in their economies, which consequently will push the growth of the construction industry as well as the spray polyurethane foam market. The Western Europe market is expected to grow at a substantial CAGR during the forecast period, owing to surge in the demand for spray polyurethane foam in the developing industrial sectors. The Middle East & Africa (MEA) is projected to grow at a significant CAGR during the forecast period, due to increasing construction spending in the region.

Spray Polyurethane Foam Market: Key Participants

Example of some of the key players identified across the value chain of global spray polyurethane foam market include:

  • BASF SE
  • Bayer Material Science
  • CertainTeed Corporation
  • CUFCA
  • DowDuPont Inc.
  • Huntsman International LLC
  • Icynene Inc.
  • Lapolla Industries
  • NCFI Polyurethanes
  • Premium Spray Products
  • Rhino Linings Corporation
  • Specialty Products Inc.

The 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, application, sales channel, and end user.

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Spray Polyurethane Foam Market: Segmentation

The global spray polyurethane foam market can be segmented on the basis of type, application and end user.

On the basis of type, the global spray polyurethane foam market is segmented as:

  • Open Cell Spray Polyurethane foam (ocSPF)
  • Closed Cell Spray Polyurethane foam (ccSPF)

On the basis of application, the global spray polyurethane foam market is segmented as:

  • Floors
  • Walls
  • Roofs
  • Ceilings
  • Attics

On the basis of end user, the global spray polyurethane foam market is segmented as:

  • Residential
  • Commercial
  • Industrial

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Perfluoroelastomer Market- Global Revenue Growth Expectations in the Near Future

Perfluoroelastomer are characterized under the PTFE, i.e. poly (tetrafluoro ethylene), family which is a prominent synthetic elastomer. Perfluoroelastomer have a fluorinated structure in the backbone chain. Moreover, they are also considered as the copolymers of perfluorinated ether & tetra fluoroetylene.

Thus, in the structure, the backbone has oxygen structures that provide an increased amount of elasticity. The fluorine content in the perfluoroelastomer varies with the type of ether used in the synthesis. In the commercial marketplace, there is significant demand for vulcanized perfluoroelastomers.

In order to increase the degree of vulcanization, cross-linkable monomers are used in the perfluoroelastomer structure. Numerous industries operating with high-temperature environments are looking forward to adopting perfluoroelastomer products as the preferred materials for sealing applications.

Perfluoroelastomer are among the superior chemically resistant elastomers and possess exceptional resistance against chemical & high temperatures. Perfluoroelastomer also possess excellent ozone, steam and weathering resistance and exhibit very low gas permeability.

Furthermore, Perfluoroelastomer have great reliability towards dynamic and static loads, owing to their low compression set. Also, in the markets where high purity & long service life are priorities, perfluoroelastomer-based products are gaining traction. In the commercial marketplace, numerous grades of Perfluoroelastomer have been specially formulated to cater to the stringent requirements of numerous end-use industries.

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Perfluoroelastomer Market: Market Dynamics

The demand for Perfluoroelastomer has been increasing over the past few years and is expected to follow the same trend over the forecast period. Properties such as high-temperature stability, universal chemical resistance and superior mechanical properties, to name a few, largely contribute to the increased adoption of perfluoroelastomer products in the market.

Technological innovation along with the implementation of new process optimization techniques is creating demand space for perfluoroelastomer products. Expansion of high-end applications that operate at considerably high operating temperatures is also leading to the preference for perfluoroelastomer over conventional elastomers in order to reduce machine downtime & the overall cost of ownership.

On the other hand, poor abrasion resistance & moderate mechanical characteristics that degrade rapidly at considerably high temperatures are some of the challenges faced by the perfluoroelastomer market. Also, the high price of Perfluoroelastomer as compared to traditional elastomers is a key challenge for the growth of the perfluoroelastomer market.

Perfluoroelastomer Market: Region-Wise Trends

Asia Pacific is a prominent region in the perfluoroelastomer market and has been witnessing growth at a rapid pace. The region also holds a significant share in terms of volume consumption and value sales of perfluoroelastomer products.

China is a significant region in terms of semiconductor production and thus, the country registers noteworthy demand for perfluoroelastomer products as they enable reduced process contamination. Growth of the chemical industry & enhanced energy infrastructure in regions such as India, ASEAN and Oceania is creating opportunities for the penetration of Perfluoroelastomer across various end-use industries.

North America & Western Europe are matured markets for perfluoroelastomers; however, despite moderate growth rates, these regions are expected to capture considerable value shares in the market. MEA & Latin America are pegged to be emerging regions in the perfluoroelastomer market.

Favorable government policies in these regions are attracting foreign players and investors, which has been surging the adoption of perfluoroelastomers. Eastern Europe is proving to be a low volume high growth region in the marketplace.

Examples of some of the market participants in the global perfluoroelastomer market identified across the value chain include:

  • Dow Dupont
  • The 3M Company
  • Daikin Industries Ltd.
  • Solvay S.A.
  • Applied Seals Co. Ltd.
  • Eagle Elastomer Inc.
  • Precision Polymer Engineering
  • Parker Hannifin Corp
  • Shanghai Fluoron Chemicals
  • Chenguang Fluoro & Silicone Elastomers Co., Ltd.

The 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 geographies, application, and industry.

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Perfluoroelastomer Market- Segmentation

On the basis of product type, the perfluoroelastomer market can be segmented as:

  • Base resistant grade perfluoroelastomer
  • Ionic resistant grade perfluoroelastomer
  • Peroxide curable grade perfluoroelastomer

On the basis of application, the perfluoroelastomer market can be segmented as:

  • Molding parts
  • Seals
  • Gaskets
  • O-rings

On the basis of end use industry, the perfluoroelastomer market can be segmented as:

  • Automotive & aerospace
  • Energy & power
  • Oil & gas
  • Semiconductor
  • Polymer processing
  • Chemical processing
  • Food & pharmaceutical

About Future Market Insights (FMI)

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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Silver Nanowires Market- Major Revenue Gains are Expected by 2030

Over the decade, nanotechnology experiencing significant growth in the global market owing to increasing adoption of electronics and solar energy technology based products.

Nanotechnology is basically technology of building electronics components and machines at a subatomic level. Nanowires plays an important role in the nanotechnology upgradation. Silver nanowires are one of the material which is used in the nanotechnology. It is the small sized wires having diameter below 100 nanometer (nm) and which is several nanometer long.

Silver is preferred to use as a material for making nano wires because as it falls under the noble metal and also has minimum chances of surface defects and can also offer workable conductivity. Silver nanowires is experiencing strong growth in the market owing to its properties such as high surface area, high electrical conductivity, high aspect ratio and price are the properties that make silver nanowires attractive as compared to gold nanowires.

Silver nanowires has tendency to generate quantum effects as it is not present in the normal wires which are made of bulk materials. Silver nanowires are used for various application across the world such as for electronics, energy, nano generators and among others on a large scale.

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Market Dynamics: Silver Nanowires Market

Innovative technologies in this digitalization world is expected to change the perspective of silver nanowires market in the coming assessment period.

Increase in demand for wireless and touchscreen consumer products, increasing usage of solar energy across the world, government initiatives and policies to develop technology in the solar energy are some of the key driving factors which is projected to propel the silver nanowires demand in the coming assessment period.

However, exposure to damage from highly energetic ultra violet radiations and harsh environmental conditions of different regions has expected to limit the commercialization of silver nanowires in the market. Also, high cost and lack of infrastructure are the primary barriers which can restrict the market growth of silver nanowires market.

On the other hand, manufactures of silver nanowires has strong opportunity to gain maximum market share through tie up with the end users or to extend their contracts with the end users to increase overall profit margin through silver nanowires market.

Regional Dynamics: Silver Nanowires Market

Globally, East Asia, led by China, Japan and South Korea silver nanowires market estimated to witness for more than one third of market share and is expected to dominate the same in the coming assessment period owing to increasing demand for light weight products in electronics, optical and in industries in order to increase the overall efficiency of their end use products.

Furthermore, Europe is also expected to witness for significant market growth in the silver nanowires market owing to lucrative growth in the electronics industry as well as for solar energy policies adopted by regional governments.

Also, conductive coatings provided by silver nanowires which can be utilized in electronics industry as a biosensors and in biological tags in quantitative detection. Growing utilization in biomedical, optical applications and antimicrobial expected to emerge as a growing region followed by North America region.

Latin America and Middle East & Africa region is expected to emerge a moderate growth as compared to North America owing to less demand for electronics and other optical industry growth. Globally, silver nanowires market is highly fragmented owing to presence of manufacturers.

Some of the key Players of Silver Nanowires Market are as below.

  • Cambrios Technologies
  • Hefei Vigon Material Technology
  • Nanopyxis
  • Showa Denko K.K.
  • NanoTech Labs Inc
  • Conductive Compounds, Inc
  • C3Nano
  • Johnson Mathey Plc
  • RAS AG Material Technologies

The research report on the Silver Nanowires market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The Silver Nanowires market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to mentioned market segments.

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Market Segmentation: Silver Nanowires Market

Silver Nanowires market is segmented as below on the size and application

Size:

  • Below 40 nm
  • 40 nm-70 nm
  • Above 70 nm

Application:

  • Solar Cell
  • Display Technology
  • Transparent Conductive Film
  • Sensors
  • Conductive Silver adhesives
  • Printed Circuit Board
  • Non-Welding Technology
  • Magnetic Devices
  • Nano Generators
  • Others

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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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Acetamide MEA Market worth US$ 69.04 Bn by 2032 at a CAGR of 2.3%

Due to the favourable outlook of the cosmetic and personal care sector globally, the acetamide MEA market is expected to grow at a CAGR of 2.3% during the forecast period, reaching a market share of US$ 69.04 Bn in 2032, up from US$ 55 Bn in 2022.

This Acetamide Mea market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Acetamide Mea market.

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Acetamide MEA Market: Introduction

Acetamide MEA is a type of amide which is synthesized using acetamide and monoethanolamine (MEA). Acetamide MEA is also known as ethanolamine. The physical appearance of the acetamide MEA is clear white crystalline liquid. Acetamide MEA is a synthetic compound and usually marketed as a 70-75% aqueous solution. Acetamide MEA is used in the formulation of cosmetics and personal care products including hair conditioners, shampoos, body wash products, bubble baths, wave sets, and moisturizers, among many others hair and bath products.

In the personal care and cosmetics product, Acetamide MEA is used as a skin and hair conditioner and humectant intermediate. Additionally, Acetamide MEA can also function as a coupling and wetting agent, solubilizer, and pigment dispersant. Moreover, application of Acetamide MEA in the cosmetics and personal care product providing several benefits to end-users such as being compatible with a wide range of surfactants, formulation alternative to lauric diethanolamide, and highly concentrated liquid form with mild toxicity.

Furthermore, Acetamide MEA plays a vital role in the cosmetics and personal care products, it can increases the water content of top layers of skin, by absorbing moisture from adjoining air. Acetamide MEA improves the feel and appearance of the hair through improvement of hair texture that has been damaged physically or chemically.

Acetamide MEA Market: Dynamics

The positive outlook of the cosmetic and personal care industry across the globe is projected to lay a strong platform for the growth of the Acetamide MEA market in the upcoming years. Changing lifestyle and rising per capita disposable income increases the demand for advanced and innovative cosmetics product for skin prevention from the surrounding environment. Pollution in urban areas and increasing hazardous impact on the inhabitant’s skin and hair are also expected to drive the global cosmetics and personal care industry, in turn fueling demand for acetamide MEA in the global market, because of its several benefits and advantages for skin and hair prevention and treatment.

However, several stringent regulations, standard and limitation regarding safety and application in the cosmetic products are anticipated to hinder the global acetamide MEA market growth in the upcoming years.

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Acetamide MEA Market: Regional outlook

In the past few years, the cosmetics and personal care industry has registered significant growth across the globe, which has positively impacted the demand for the acetamide MEA in the cosmetics and personal care market. Collectively, North America and Europe accounted for significant share in the global acetamide MEA market and are projected to witness prominent growth in the coming years, owing to well-established cosmetics and personal care industry as well as continuous product innovation and development for advancing skin and hair treatment products.

The Asia Pacific region followed by North America is also expected to register significant growth and account protuberant share in the global acetamide MEA market, owing to the growing health and skincare products demand in the emerging economies such as China, India and South East Asian countries. China is expected to be one of the most important producer and consumer of the cosmetics and personal care products globally, which is also projected to lay a strong base for pushing acetamide MEA market growth in the upcoming years. Moreover, Latin America and Middle East & Africa are projected to witness considerable growth in the global acetamide MEA market during the forecast period, owing to the rising demand for cosmetic and personal care products.

Acetamide MEA Market: Market participants

Some of the key market participants involved in the Acetamide MEA market are as follows:

  • Solvay SA
  • The Lubrizol Corporation
  • Vantage Specialty Chemicals
  • Redox Pty Ltd.
  • Shanghai Time Chemicals CO., Ltd.
  • Henan Tianfu Chemical Co.,Ltd.
  • DuPont de Nemours, Inc.
  • ALB Technology Limited
  • Indenta Chemicals
  • Henan DaKen Chemical CO.,LTD.
  • Croda Inc.
  • Jeen International Corporation
  • Petrus

The research report on Acetamide MEA presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The Acetamide MEA report also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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Acetamide MEA Market: Segmentation

Global Acetamide MEA market can be segmented on the basis of function, application, and region.

Based on function, the Acetamide MEA market is segmented into:

  • Conditioning Agent
  • Skin-Conditioning Agent
  • Surfactant
  • Humectant
  • Thickener

Based on the application, the Acetamide MEA market is segmented into:

  • Bath, Shower & Soaps
  • Face / Neck Skin Care Products
  • Hair Conditioners
  • Hair Relaxing / Permanent Waves
  • Shampoos
  • Shaving Products
  • Others

About Future Market Insights (FMI)

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:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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