BOPP Packaging Tapes Market is expected to be worth US$ 17.5 Bn by the year 2022

The global BOPP Packaging Tapes market was valued at US$ 15.5 Bn in 2018, and is expected to exhibit a CAGR of 4.3% during the forecast period of 2019-2029. Europe, South Asia, and East Asia are expected to hold collective revenue share of 70% in the global market for BOPP Packaging Tapes by the end of 2029.

The global BOPP packaging tapes market is bound to reach US$ 23.8 Bn by the year 2029 at a CAGR of 4.5% between 2022 and 2029.BOPP tapes are highly suitable for manufacturing and warehousing, which continues to push their adoption within the E-commerce industry. Customized BOPP tapes is a new market trend, says the report. High growth potential resides in the markets of emerging economies.

The BOPP tapes has included feature of low noise during packaging on the cartons, ideal for machine applications that saves time and gives accurate and uniform sealing to the boxes. It can withstand all the extreme weather to due its physical property of higher tensile strength among its group.

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Key Takeaways – BOPP Tapes Market Study
BOPP tapes witness a massive demand in the global market for the following properties- transparency with double-sided adhesion, non-toxicity, ease of use, reasonable retraction rate, and, most importantly, water and chemical resistance, longer life and good strength, which adds to its good-tear-proof performance.
Manufacturing & warehousing, followed by E-commerce industry, are identified as prominent end-use industries of BOPP tapes

Customized BOPP tapes are projected to be preferred over plain or single color BOPP tape in following years
Usage of BOPP tapes for packaging especially for food & beverages is expected to remain substantial as it ensures precise and durable packaging
The hot melt rubber adhesive has better quick stick bonding to carton boxes (corrugated paper board), however hot melt acrylic has long-lasting adhesive properties.
East Asian market is experiencing a high demand for BOPP tapes. This prominent demand is majorly driven by the presence of China that is driving the production of all the industries across the global market with cost-efficient ability.

Competitive Landscape

The global BOPP packaging tapes market competitive landscape includes new product launch, partnerships,, joint ventures, mergers, and acquisitions.

  • IPG paves the way for complete line of industrial packaging tape (Pressure-Sensitive Carton-Sealing Tape). It is known as a key manufacturer of superlative quality tape to retail and industrial channels.

Key Companies Profiled

  • Bolex Shenzen Adhesive Products Co. Ltd.,
  • Intertape Polymer Group Inc.,
  • Vibac Group S.p.A
  • 3M Company,
  • Delphon Industries LLC, and
  • Tesa SE.

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Key Segments Covered in BOPP packaging tapes Industry Research

BOPP Packaging Tapes Market by Thickness:

  • 35 – 50 Micron
  • 51- 65 Micron
  • Above 65 Micron

BOPP Packaging Tapes Market by Adhesive:

  • Hot Melt Rubber
  • Hot Melt Acrylic

 BOPP Packaging Tapes Market by Width:

  • 11mm -30 mm
  • 31mm – 70 mm
  • Above 70 mm

BOPP Packaging Tapes Market by End-user:

  • Manufacturing & Warehousing
    • Food & Beverages
    • Chemicals & Lubricants
    • Electronics & Electricals
    • Automotive
    • Personal care & Cosmetics
  • E-Commerce
  • Others

Insulated Coolers Market is projected to expand at a CAGR of 6.6% between 2022 and 2029

The insulated coolers market is estated at USD 699 Mn in 2022 and is projected to reach USD 1,094 Mn by 2029, at a CAGR of 6.6% from 2022 to 2029. The global insulated coolers market constitutes around 3.5% of the Cold Chain Packaging market worth US$ 22 Bn in 2022.

The study conducted by FMI estimates that the insulated coolers market will expand 1.6 times of base year value during the forecast period which is expected to generate lucrative investment opportunities for the manufacturers. The insulated coolers market analysis shows that global consumption of overall insulated coolers is forecasted to increase at a year-on-year (YoY) growth of 5.0% between 2022 and 2023.

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Key Takeaways from the Market Study on Insulated Coolers

  • Demand for insulated coolers is anticipated to increase in the United States due to rising popularity of outdoor and sporting activities like camping, fishing, and hiking.
  • Due to their superior durability and superior capacity for ice retention as compared to soft coolers, hard coolers continue to be the most popular insulated coolers.
  • In terms of capacity, it is anticipated that 26-75 quart insulated coolers would experience strong global sales in 2019. Customers choose 26-75 quart insulated coolers because of their ample storage capacity, ease of outdoor handling and carrying, and 26-75 quart size.

As consumers look for durability and portability when buying insulated coolers, manufacturers can make considerable profits by concentrating on hard insulated coolers with side handles.

Acquisitions to Remain Key Developmental Strategy

The insulated coolers market is undergoing product development and expansion. Key players aim to introduce new designs of insulated coolers in the market in response to changing consumer preferences. Additionally, big companies offering insulated coolers are focusing on opening retail stores to expand their customer base.

  • In June 2022, Yeti Holdings Inc. opened a 5,000-square-foot retail location in Charleston, S.C., U.S. In September 2019, it opened a 4,900 square-foot store in Chicago, U.S.
  • In April 2022, Igloo Products Corporation launched RECOOLER, a pulp-based biodegradable cooler, as an alternative to Styrofoam coolers.

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US Brands Become Trendsetters, with Online Sales Strategy

The U.S., home of high-end insulated cooler manufacturers, is estimated to dominate in terms of demand. Moreover, U.S.-based manufacturers will be the trend setters with regard to insulated cooler design. Leading companies in the insulated coolers market are investing in online stores and supply chain development, and are leveraging E-commerce and social media to shape buying patterns of their potential customers.

Competitive Landscape

The key manufacturers operating in the insulated coolers market are trying to focus on innovative product launch, expansion due to the increasing demand from the sports, food & beverage and pharmaceutical sectors.

  • In August 2021, Igloo Products Corp. partnered with National Football League and released the first-ever NFL playmate cooler collection and customized their branded Little Playmate cooler for each of the 32 NFL teams.
  • In May 2020, Pelican Products, Inc. launched a new 14QT personal cooler, it is the first cooler to separate wet and dry storage.
  • In August 2019, YETI Coolers LLC launched their latest soft cooler collection the Hopper® M30®. This cooler has a new leak-re

Key Companies Profiled

  • YETI Coolers LLC
  • Igloo Products Corp.
  • The Coleman Company, Inc.
  • Pelican Products, Inc.
  • RTIC Outdoors LLC
  • ORCA
  • Bison Coolers LLC
  • Otter Products llc
  • Koolatron Corp
  • COLD & CO
  • AO Coolers
  • Stanley a brand of PMI
  • K2 Coolers
  • Engel Coolers
  • Grizzly Coolers LLC

Insulated Coolers Market by Category

By Capacity:

  • Upto 25 Quart
  • 26-75 Quart
  • 76-150 Quart
  • Above 150 Quart

By Product type:

  • Hard Coolers
  • Soft Coolers

By Carrying capacity:

  • Side Handles
  • Lid Handle
  • Shoulder Strap
  • Wheel

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Padded Mailers Market is expected to reach US$ 2.5 Bn in 2031 | Future Market Insights, Inc.

The global padded mailers market are projected to total US$ 1.7 Bn in 2021. With sales growing at a 5% CAGR, the market valuation is forecast to reach US$ 2.5 Bn by 2031. Padded mailers are manufactured using the thick sheets of paper or cardboard which is pasted inside the mailer. Corrugated material not only adds strength but also makes the product easy to handle, thereby enhancing the ease and convenience of padded mailers.

Increasing applications of padded mailers in various sectors such as logistics & transportation, pharmaceuticals, food & beverages, electrical & electronics, automotive, cosmetics and personal care will continue boosting the market.

These products are used for shipping various products that are delicate in nature, such as jewellery, electrical and electronics products. They reduce the risk of damage as compared to traditional mailers owing to its thickness and toughness of the cardboard paper. The durability and excellent strength of the padded mailers are expected to fuel sales in the market in the forthcoming years.

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Padded mailers can be easily recycled as they are manufactured using 100% plant-based material such as corrugated paper. Once the mailer has been used, it can be recycled again for using post-consumer recycled content.

To improve sustainability, manufacturers are actively using the same material for cushions and envelopes. This has reduced recycling efforts for segregation of waste material. Driven by this, sales of kraft padded mailers are increasing in the ecommerce sector for delivering sustainable products like green and eco-friendly cosmetics.

Key Takeaways:

On the basis of the material, sales of polyethylene (PE) padded mailers are projected to account for more than 50% of the total market share by 2031.

Based on closure, the peel and seal segment is forecast to expand at a 5.7% CAGR between 2021-2031.

In terms of end use, the manufacturing and warehousing segment is anticipated account for 40% of the total market share by 2031.

The U.S. is expected to account for 87% of the North America market share over the forecast period.

Demand in the U.K. market is forecast to hold 20% of the Europe market share by 2031.

India will emerge as a lucrative market, creating and incremental opportunity of US$ 102 Mn over the assessment period.

China is expected to account for a dominant share of the East Asia market, accounting for 90% of the market share by 2031.

“Increasing demand for sustainable material-based packaging solutions, along with the expansion of the foodservice and ecommerce sectors are expected to boost the global padded mailers market over the forecast period,” says an FMI analyst.

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Competition Landscape

  • 3M Company,
  • Intertape Polymer Group Inc.,
  • Sealed Air Corporation,
  • PAC Worldwide Corporation,
  • Polycell International Corp.,
  • Storopack Hans Reichenecker GmbH,
  • Vereinigte Papierwarenfabriken GmbH,
  • Pregis LLC,
  • Jiffy Packaging,
  • Proampac LLC

    Leading players operating in the market are investing in research and development to launch sustainable padded mailers. Besides this, players are also investing in mergers, acquisitions, collaborations and partnerships to expand their production facilities. For instance:

    In June 2019, Sealed Air Corporation acquired MGM’s flexible packaging business. MGM is a privately held company that is headquartered in Manila, the Philippines. The acquisition will allow the company to expand its food packaging operations in Asia.

Padded Mailers Market by Category

By Material:

  • Kraft Paper
    • White Kraft Paper
    • Brown Kraft Paper
  • Polyethylene
    • HDPE
    • LDPE/LLDPE
  • Fiber-based

By Closure:

  • Self-seal
  • Peel and Seal

By End Use:

  • Manufacturing & Warehousing
    • Pharmaceuticals
    • Electrical & Electronics
    • Auto & Allied
    • Food & Beverage
    • Cosmetics & Personal Care
    • Others (Agriculture, etc.)
  • E-commerce
  • Logistics & Transportation

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Paper Pallet Market is projected to rise at ~5.6% CAGR during the forecast period 2022 – 2029

The global paper pallets market is currently valued at around US$ 633 million, and is anticipated to progress at a CAGR of 5.6% to reach US$ 983 million by 2029.

Banking on superior design and performance parameters when compared with wooden pallets, paper pallets continue to be a strong potential contender holding the future of pallet industry. Though accounting for a negligible share in the current global pallet market, paper pallet is expected to see a robust 5.6% CAGR during 2022 – 2029.

This strong growth outlook, as suggested by a new research study of Future Market Insights (FMI), is majorly attributed to complementarity of paper pallet with the Light weighting trend. It also warrants a higher level of in-transit security and compatibility with process automation that is underway.

Adoption of paper pallet is on a slight yet constant rise owing to its resilient structure and complete recyclability. Cost efficiency would remain an add-on, opines the report. Through 2029, the current market value of paper pallets is projected to double.

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The electrical & electronics industry is expected to be a prominent end-use industry owing to ascending demand for shelf-ready paper pallets for displaying bestsellers such as smartphones, tablets, and laptops. Besides, lucrative opportunities within the cosmetics and personal care sector is another factor expected to boost the growth of the paper pallet market.

Key Takeaways – Paper Pallet Market Study

  • Paper pallets are available in customizable formats. However, the Grocery Manufacturers Association standards prefer pallets of size 48 inch x 40 inch. This study analyzes that end-users are expediting the demand for small-sized paper pallets.
  • Depending on load lifting and storage conditions, two-way paper pallets are more economic for manufacturing and provide good strength for load lifting. However, the key limitation of two-way pallet is that it offers less flexibility and constraint of load lifting from all directions. Market players are addressing this limitation by developing four-way pallets.
  • Analysis on the basis of pallet structure reveals that hybrid pallet market is witnessing a significant rate of growth over the recent past. Along with the combined benefits of honeycomb and corrugated pallet for load carrying, hybrid pallet ensures buckle-free load lifting.

In contrary to their wooden and plastic counterparts, paper pallets do not require chemical processes to maintain their shelf life which will boost their preference in the long run. Paper pallets are highly resistant against fungal and bacterial impact and thus ISPM-15 compliance is not mandatory for their usage. Furthermore, advancements in engineering technologies and paper pallet designs has also been translating into improved load carrying capacity. End users are thus expected to initiate a mass shift from traditionally used pallets to more sustainable paper pallets.

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Key Players Focusing on Market Consolidation and Innovation

The study offers detailed insights on the competition landscape of global paper pallet market which is prominently operated by

  • DS Smith Plc,
  • Smurfit Kappa Group,
  • Conitex Sonoco,
  • Oji Holdings Corporation, and
  • Tat Seng Packaging Group Ltd.

While strategic M&A and collaborative alliances will remain in the bandwagon of developmental activities of these key companies, they are also expected to plan heavy investments in new launches. Innovative product launches will help them stand out in this young market.

In August 2022, London-based unit of DS Smith plc. Company, DS Smith Hungary, launched paper fiber pallet with the investment of HUF 3 Bn (US$ 6.9 Bn). The company soon acquired TRICORE Packaging and Logistic AG for business expansion in Europe. Earlier in 2021, Smurfit Kappa Group introduced TOPPSafe™, a corrugated, lightweight, and hexacombed pallet top that replaced heavy wooden and plastic pallet tops.

Paper Pallets Market by Category

By Product:

  • Two Way Paper Pallets
  • Four Way Paper Pallets

By Pallet Structure:

  • Honeycomb Paper Pallets
  • Corrugated Paper Pallets
  • Hybrid Paper Pallets

By Size:

  • 42 inch x 42 inch
  • 44 inch x 44 inch
  • 48 inch x 40 inch
  • 48 inch x 45 inch

By End-Use Industry:

  • Food & Beverages
  • Pharmaceutical
  • Cosmetics & Personal Care
  • Electrical & Electronics
  • Health Care
  • Automotive

Table of Content

1. Executive Summary

1.1. Global Market Analysis

1.2. Global Market Outlook

1.3. Analysis and Recommendations

2. Market Overview

2.1. Market Definition

2.2. Market Coverage

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

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Global Wooden Cutlery Market is estimated to witness significant rise during the forecasted period 2022 – 2029

In the wooden cutlery market, direct sales and E-retail segments are collectively generating revenue of US$ 138 Mn in 2022, according to the annual market analysis conducted by Future Market Insights.

Demand for food service outlets is expected to reach US$ 107 Mn in 2022, according to the latest Future Market Insights (FMI) study. The market value is expected to reach US$ 245 Mn by 2029, exhibiting growth at CAGR of 4.8% for 2022-2029.

According to the most recent Future Market Insights (FMI) analysis, demand for food service outlets will reach US$ 107 Mn in 2022. By 2029, the market is anticipated to have grown at a CAGR of 4.8 percent, reaching US$ 245 Mn.

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How the Growth of Home Delivery and Online Food Service will Propel the Wooden Cutlery Market?

Consumer preference for takeaway or ready-to-eat food is increasing owing to changing lifestyles, growing disposable income, and rapid urbanization, especially in emerging economies.

Moreover, corporate work culture leading to out-of-home food habits is also strengthening the demand for foodservice disposables with single-use cutleries. Furthermore, consumer preference towards cost-effective and convenient food service is the major factor driving the growth of the disposable cutleries market.

Historic and Forecast Market Outlook for Wooden Cutlery

The global wooden cutlery market is estimated to witness significant rise during the forecasted period as online food delivery is showing a positive outlook and is expected to create an excellent opportunity for wooden cutlery manufacturers due to its low-cost and eco-friendly nature.

The wooden cutlery market is projected to rise at 3.9% CAGR during the forecast period in comparison to the 4.8% CAGR during historical period.

Wooden cutleries are popular among end users and buyers of disposable cutleries for the retail market segment. Communities and clubs regularly organize get-togethers and meetings to enhance socialization value among individuals in their organizations

Competitive Landscape

The key manufacturers operating in wooden cutlery market are focusing on increasing their production capacity to meet the increasing demand for wooden cutlery. Moreover, the key players are increasing their product portfolio to cater for the growing wooden cutlery market.

  • In April 2021, a company named Swaas has launched biodegradable bamboo cutlery for their retail segment for being eco-friendly and sustainable.
  • In October 2021, McDonald’s Canada franchise replaced plastic cutlery with wooden and paper cutlery.
  • In May 2020, a company known as BALIISM, has launched bamboo cutlery set to reduce the amount of disposable cutlery garbage.

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Key Companies Profiled

  • Huhtamaki Group Oyj
  • Eco-gecko Products Inc.
  • Dinearth Eco Friendly Tableware
  • Greenwood (Dalian) Industrial Co., Ltd.
  • Bambu LLC
  • Eco-gecko Products Inc.
  • Vegware Ltd.
  • Biotrem
  • Bio Futura B.V.

Wooden Cutlery Market by Category

By Product:

  • Spoon
  • Fork
  • Knife

By End:

  • Food Service Outlets
    • Hotels
    • Restaurants & Cafes
    • QSR
  • Institutional
    • Cinemas
    • Catering
    • School & Offices
    • Hospitals
  • Household Use

By Sales:

  • Direct Sales
  • Distributors
  • Retailers
    • Hypermarkets
    • Supermarkets
    • Convenience Stores
    • Specialty Store
    • Discount Stores
  • E-retail

By Region:

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

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IBC Rental Business Market is projected to expand at a CAGR of 5.7% during the forecast period 2022-2029

The market for IBC rentals is anticipated to reach US$ 1,790.0 Mn by 2029, at a projected CAGR of 5.7% from US$ 1,218.0 Mn in 2022. According to FMI, the IBC rental industry market will generate US$1,218.0 Mn in total revenue in 2022.

By the end of 2029, it’s anticipated that the market for IBC rentals as a whole will have increased by 1.6 times its current value. The top 5 suppliers will control 45–50% of the IBC rental industry market in 2022, driving up demand for IBC rental services. Global revenues for the IBC rental business increased by 5.4% in 2022 compared to the previous year.

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Europe to Remain as Dominating Market Region throughout the Forecast Period 

The IBC rental business is closely related to the export activities and manufacturing of chemical and value-added products of different countries. The domestic production of end user in different regions are estimated to be a key factor in analyzing the leading end-use industries for the IBC rental services. Europe is expected to dominate the regional market in terms of demand, owing to its established export business.

In 2018, Europe contributed nearly 40% of the total global export of chemical products. The Benelux and Germany are estimated to account cumulatively 1/3 of market share in the European IBC rental business. South Asia is anticipated to witness a fast-paced growth, owing to government policies to increase the export of chemical products from ASEAN regions and India. 

Temperature-controlled IBCs to Gain Traction in Coming Years 

The global market of IBC rental business has been segmented in terms of material type, product type, content, capacity, end use, and regions. The regions are segmented into North America, Latin America, Europe, East Asia, South Asia, and Middle East & Africa. 

  • By product type, carbon steel IBC is generally preferred in the IBC rental business. In terms of value, stainless steel IBC is estimated to be the leading product in the market. The reusability and secure handling of hazardous and flammable products are critical features, due to which steel IBCs are highly used in IBC rental business. 
  • By content, shipping and storing of liquid are the main applications of rental IBCs. The higher safety, filling, and dispensing offered by IBCs are expected to prove itself as great packaging formant for industrial products packaging. 
  • By capacity type, the IBCs with the capacity of 1,001-1,500 liters are estimated to be prominent in the global IBC rental business, owing to the specific standard size mentioned by regulatory authorities. 
  • By end use, the industrial chemicals segment is leading for IBC rental business. The food & beverages segment is projected to be an emerging segment for IBC rental business, due to estimated increment in export volume based on previous five-year trade. 

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Competitive Landscape

Leading service providers and manufacturers dealing in the global IBC rental business market are adopting key market strategies such as expansion, product development and others to compete and maximize its sales in the market. Manufacturers and service providers operating in the IBC rental business market are also focusing on innovation and development to lure a major portion of the industry players in the market.

  • For instance, In 2020, Hoover Ferguson Group, one of the leaders in the IBC rental business market has announced that Company is expanding its range of wine and distillery IBC’s into the Australian and New Zealand.
  • In 2020, the same company was announced as the Environmental Leader Product of the Year winner for their Liquitote® stainless steel Intermediate bulk container.

Key Companies Profiled

  • Brambles Ltd
  • Hoover Ferguson Group
  • HOYER GmbH
  • Envirotainer AB
  • Goodpack Ltd
  • TPS Rental Systems Ltd
  • CMO Enterprises, Inc
  • Americold Realty Trust, Inc
  • Hawman Container Services
  • SCHÄFER Werke GmbH
  • Metano IBC Services, Inc
  • Mitchell Container Services Inc

IBC Rental Business Market By Category

By Material:

  • Carbon Steel
  • Stainless Steel
  • Plastic

By Product:

  • Flexitanks
  • Stainless Steel IBC
  • Carbon Steel IBC
  • Plastic IBC
  • Composite IBC

By Content:

  • Liquids
  • Solids & Semi-solids

By Capacity:

  • Upto 1000 liters
  • 1001-1500 liters
  • 1501-2000 liters
  • Above 2000 liters

By End Use:

  • Industrial Chemicals
  • Petroleum & Lubricants
  • Paints, Inks & Dyes
  • Food & Beverages
  • Personal Care & Cosmetics
  • Synthetic & Natural Rubber
  • Tires & Auto Components
  • Pharmaceuticals
  • Others

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Rotational Moulding Machines Market is expected to reach US$ 1,089.5 Mn in the year 2029

The Rotational Moulding Machines Market is estimated at US$ 890 Mn in 2022 and is projected to reach US$ 1,089 Mn by 2029, at a CAGR of 2.9% from 2022 to 2029.

The global rotational moulding machines market forms around 1-2% of the global packaging machinery market worth US$ ~58 Bn in 2021.

As per the FMI analysis, the industrial and manufacturing witnessing astonishing growth in the recent decade are major driving forces behind rising sales of rotational moulding machines. Global sales of rotational moulding machines are expected to reach 10,728 units in the year 2022 and with an estimated rise in demand is anticipated to reach 13,015 units in the year 2029

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The latter half of the 20th century saw improvement in the products made, with focus on monitoring the steps of the process and their impact on uniformity and quality. This led to the creation of the Rotolog, to monitor and control the cooling aspect, providing direction for the growth of the industry.

Rotational monitoring machines as they exist today are being seen as a perfect solution, with more applications for the process being thought of, the rotational mouldings market is likely to grow in the foreseeable future

The sales of rotational moulding machines are estimated to register a growth of US$ 228.3 Mn over the forecasted period between 2022 and 2029, in comparison with the growth of US$ 150.8 Mn recorded between 2014 and 2021.

As a process, rotational moulding, the application of which are highly versatile as are increasingly being used in the manufacturing products across industries. However, the use of rotational moulding machines for the creation of containers such as tanks is likely to remain high while the drums and bins and similar objects are also gaining traction.

Strategic focus on Customization

Within manufacturing as an industry, the trend of customization has had an astounding influence on rotational moulding machines. Manufacturers are looking to capitalize on this trend by adding the production of tailor-made machines to cater to the consumer’s requirement, to their portfolio. This is being implemented as a strategy by key players looking to maintain their competitive edge in the market.

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How will Customization Trend Impact the Growth Global Rotational Moulding Machines Market?

Manufacturers prefer customizable components in the rotational moulding machines according to the production requirement. The number of arms used in the machines depends on the total number of parts to be moulded per hour, energy consumption, the material used, processing cycle.

The thickness of the product decides the thickness of rotational moulds be used. Consequently, the manufacturers of rotational moulding machines are offering production-oriented machines, which is expected to increase consumption.

Manufacturing hollow tanks, industrial products, and other large containers are quite easy with rotational moulding machines and by changing the number of stations and arms used, manufacturers utilize the energy and provide comparatively faster production.

Competitive Landscape

Major players across the global rotational moulding machines market are focusing upon producing technologically advanced rotomoulding machinery solutions and focusing upon increasing their international presence by expanding their operational and distribution network:-

  • In December 2021, Rotomachinery Group achieved “Industry 4.0” certification for its rotational moulding machines.
  • In February 2020, Perisco SpA acquired bielomatic plastic Leuze GmbH + Co. KG, which is a plastic welding systems manufacturer in Germany.

Key Companies Profiled

  • The Rotomachinery Group
  • N. A. Roto Machines & Moulds India
  • Rotoline USA
  • Ferry Industries, Inc.
  • Shandong Zhongtian Rubber & Plastic technology Co., Ltd.
  • Persico S.p.a.
  • Fixopan Machines Pvt. Ltd.
  • Caccia Engineering Srl
  • Crossfield Excalibur Ltd.
  • Orex Rotomoulding
  • Roto Machines Ltd.
  • Yantai Huantong Rotational Moulding Equipment Co., Ltd.

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Rotational Moulding Machines Market by Category

By Product Type:

  • Carousel Rotational Moulding Machines
  • Rock & Roll Rotational Moulding Machines
  • Shuttle Rotational Moulding Machines
  • Up & Over Rotational Moulding Machines
  • Clamshell Rotational Moulding Machines

 By Application:

  • Tanks & Container
  • Drums & Bins
  • Carts  & Carrier
  • Toys & Kayaks
  • Others

By End Use:

  • Food & Beverage
  • Agriculture
  • Automotive & Marine
  • Chemicals & Petrochemicals
  • Pharmaceuticals
  • Homecare
  • Other Industrial

Steel Drums & IBCs Market to Display Impressive Growth of 4.8%, East Asia is termed as the most lucrative and emerging market

The market for steel drums and IBCs is projected to reach a market value of US$ 16 billion by 2022 and to grow at a CAGR of 4.8% from 2022 to 2029 to reach US$ 23 billion. Steel drums and IBCs are anticipated to account for roughly 23% of the US$70 billion global industrial packaging industry in 2022.

The steel drums & IBCs market for chemicals has the largest market share globally and is projected to reach a market value of $22.5 billion by 2029.

Increasing focus on achieving cost-effectiveness in logistics, along with growing transportation of hazardous and non-hazardous materials have brought steel drums and IBCs at the center stage. Moreover, as steel drums & IBCs are considered as one of the safest forms of packaging for dangerous goods such as chemicals, demand has remained steady over the years. The market is likely to be influenced by reusability that results in cost-savings in reverse logistics and traceability that enhances consumer services.

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Growing Demand for Steel Drums & IBCs in China

East Asian countries continue to offer significant opportunities for steel drums & IBC manufacturers. The demand for steel drums & IBCs in China, South Korea, and other East Asian countries is majorly driven by increased spending on trade activities and the growing demand for chemical packaging. The growing investments in increasing production facilities is likely to create significant growth opportunities for market players over the course of the forecast period.

In addition to East Asia, South Asia is likely to remain a lucrative region for the steel drums & IBCs market on account of the expansion of end-use industries which are likely to push the demand during the assessment period. Expanding cross-border trade witnessed across this region is expected to propel sales of steel drums & IBCs. Further, key investments in the European economies focused at IBC production by companies such as Mauser Packaging Solutions and Greif reflect the opportunities offered by the European economies.

Which technological development is influencing the steel drums and IBCs market’s future?

RFID technology has benefited manufacturers and suppliers as well as customers, who can now use it to cut costs. End users that export goods in steel barrels and IBCs, including chemicals, petrochemicals and lubricants, paints, inks and dyes, food and beverages, among others, can reduce costs by doing away with physical inventory counts by utilising RFID tags to manage and control all stock.

Many IBC manufacturers have decided to invest in RFID technology because of its effective functionality, which will improve customer service and lower operating expenses.

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Competitive Landscape

Mergers and acquisition activities in packaging industry is increasing every year with an average growth rate of approximately 3-4% annually. Leading players in the packaging industry strategically complete M&A activities to increase their global footprint and achieve consolidation in the market.

  • In Jan 2022, Greif Inc. had a joint venture with Gulf Refined Packaging (GRP) to diversify 50% of its shares. This is expected to help the company with debt repayment.
  • In November 202 0, Hoover Ferguson Group opened up a new art-of-state facility for chemical tank and tanker trucks servicing.

Key Companies Profiled

  • Greif Inc.
  • Hoover Ferguson Group
  • Snyder Industries, Inc.
  • SCHÜTZ GmbH & Co. KGaA
  • Mauser Packaging Solutions
  • Thielmann US LLC
  • Time Technoplast Ltd.
  • Custom Metalcraft, Inc.
  • Automationstechnik GmbH
  • Transtainer
  • Hawman Container Services

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Steel Drums & IBCs Market by Category

By Capacity Type:

  • Steel Drums
    • 200 Litre
    • More than 200 Litre
  • IBCs
    • Up to 500 Litre
    • 501-1,000 Litre
    • 1,001-1,500 Litre
    • Above 1,500 Litre

By End Use:

  • Chemicals
  • Petroleum & Lubricants
  • Paints, Inks, & Dyes
  • Food & Beverage
  • Building & Construction
  • Healthcare & Pharmaceuticals
  • Others (Agriculture, etc.)

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Market Analysis

1.3. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage

2.2. Market Definition

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Recent Developments by the Key Players

4. Key Success Factors

4.1. Product Adoption/Usage Analysis

4.2. Product USPs / Features

5. Global Steel Drums & IBCs Market Demand Analysis 2014-2021 and Forecast, 2022-2029

5.1. Historical Market Volume (‘000 Units) Analysis, 2014-2021

5.2. Current and Future Market Volume (‘000 Units) Projections, 2022-2029

5.3. Y-o-Y Growth Trend Analysis

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About Future Market Insights, Inc.

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

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Walkie Talkie Market Current and Future Trends, Leading Players, and Regional Forecast By 2027

The Walkie Talkie is a small portable radio set, which is used for receiving and sending voice messages. The device provides direct instant contact, which is considered to be the easy and efficient way of communication that don’t evolve ringing and connecting.

Walkie Talkie Market: Drivers and Restraints

Walkie Talkie is a cheap & effective medium of communication and the walkie talkie device is convenient for short distance communication, owing to which the device is being widely adopted by various security agency, police and defence & military, thus increase in adoption of walkie talkie in various application sector is the major factor driving the growth of the walkie talkie market.

Walkie talkie devices are also used as toys for children, who are too young to use the mobile phone, therefore surge in demand for walkie talkie devices in children entertaining sector is the other factor, spurring the growth of the walkie talkie market.

On the other hand, Limited distance device reach, one sided communication approach, voice breakage and less device battery are the major factor restraining the growth of the walkie talkie market during the forecast period.

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Global Walkie Talkie Market: Regional Trend

Asia Pacific is expected to grow at the fastest CAGR for the Walkie Talkie market, owing to the expansion of retail organized sector in developing economies such as India is the major factor propelling the growth of the walkie talkie market during the forecast period.

North America is anticipated to dominate the walkie talkie market, owing to increase in adoption of walkie talkie device in security sectors. Major players such as Icom America Inc. are collaborating with other players to deliver better walkie talkie solution to police of respective region, which is considered to be the crucial factor driving the growth of the walkie talkie market during the forecast period.

Global Walkie Talkie Market: Competitive Landscape

The major player operating in Walkie Talkie market includes Motorola Solutions, Inc., JVCKENWOOD Corporation, Icom America Inc., Hytera Communications, Sepura plc, Tait Communications, Yaesu USA, Entel, Uniden, Kirisun Communications Co., and Quansheng.

  • In June 2016, Icom America Inc. partnered with a communication and service provider company, First Choice Communications to provide UHF P25 Trunked Solution to fire department and Roanoke TX Police.

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Global Walkie Talkie Market: Market Segmentation

Global Walkie Talkie Market can be divided into four segments, on the basis of Type, Technology Type, Application, and Region.

Segmentation on the basis of the type for Walkie Talkie Market as:-

  • Wearable Walkie Talkie Device
  • Handheld Walkie Talkie Device

Segmentation on the basis of the technology type for Walkie Talkie Market as:-

  • Analog Walkie Talkie
  • Digital Walkie Talkie

Segmentation on the basis of the application for Walkie Talkie Market as:-

    • Government & Police
    • Military & Defense
    • Retail & Manufacturing
    • Industrial & Commercial
    • Security Agencies
    • 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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Bamboo Products Market Size to US$ 12.4 Bn in 2032 | FMI

The global bamboo products market is projected to total US$ 6.9 Bn in 2022. Growing emphasis on sustainability and plastic waste reduction across the globe is anticipated to drive the market at a healthy 6.1% CAGR, pushing the market size to US$ 12.4 Bn in 2032.

Demand for bamboos is expected to rise primarily due to rising demand from key end-use sectors such as paper & pulp, building & construction, textile, and wood. According to a new Future Market Insights (FMI) analysis,

Bamboo is a multi-purpose forest product that is important in both residential and industrial economies around the world. Due to its availability and versatility, bamboo and bamboo-based products are utilised for a wide range of interior and outdoor applications.

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Key Takeaways – Bamboos Market Study

The pulp & paper end-use industry segment in the global bamboos market is witnessing high growth, and is expected to follow the same trend over the forecast period owing to utilization of bamboo as a raw material in the production of paper & pulp.

Bamboo produces about 35% more oxygen as compared to other trees. Additionally, its biomass is an efficient and cheap fuel for power generating units. As a result of this, the power sector is focusing on bamboos as a source of fuel for power generation.

Asia Pacific (APAC) is expected to maintain its dominance in the global bamboos market throughout the forecast period in terms of volume as well as value. This can be mainly attributed to the growing construction industry in China and India, supported by surging infrastructural investments. APAC has more than half of the total bamboo species available in the world.

Thriving penetration of green building technologies is supporting the demand for bamboos due to utilization in construction of scaffolding. Moreover, there is a continuous demand for bamboo furniture, plywood, and outdoor decking in various countries.

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Who Is Winning the Bamboos Landscape?

The global bamboos market is fairly fragmented, with small- and medium-scale enterprises accounting for major market share in the global market. Some of the key market players included in the report are Moso International B.V., Bamboo Village Company Limited, and Shanghai Tenbro Bamboo Textile Co. Ltd.

New product launches and developments are some of the key strategies adopted by market players to retain their position in the global bamboos market. The companies are engaged in continuously participating in different events, conferences, tradeshows and seminars to market their newly launched products across the globe.

Bamboos Market – Regional Analysis

High growth in construction, pulp & paper, and furniture industries is expected to be a key driving factor for bamboos market growth. China is a large exporter of processed bamboo products such as bamboo plaiting, bamboo shoots, bamboo panels, wood charcoal of bamboo, etc., whereas countries such as the U.S., Canada, and other European countries where very small bamboo resources are available import bamboo products requirement from other bamboo-rich countries.

Know More About What the Report Covers

FMI, in its new research report offers an unbiased analysis of the global bamboos market, presenting historical demand data (2014-2021) and forecast statistics for the period 2022-2029. The study reveals insights on the bamboos market and covers market dynamics, market share analysis, pricing analysis, and channel partners involved in the bamboos market value chain.

Readers can also find key trends and market growth scenarios based on end-use industry and regions such as North America, Latin America, APAC, and Europe and Middle East & Africa (EMEA).

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Bamboo Products Market By Category

Product Type:

  • Lifestyle Products
  • Furniture
  • Home Décor Items
  • Kitchenware & Cutlery
  • Personal Accessories
  • Yarn & Textiles
  • Educational and Recreational Products

End-User:

  • Personal and Residential
  • Commercial
  • Industrial and Infrastructure

Sales Channel:

  • Online
  • Offline

Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding China & Japan
  • Japan
  • China
  • Middle East & Africa

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About 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:

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