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In a recent market survey, Future Market Insights (FMI) has projected the demand in the security bags market to grow by 8% CAGR between 2021 and 2031. The overall security bags market size is expected to total US$ 419 Mn in 2021. Growing public sector investments in the development of secure packaging solutions are expected to push sales of security bags over the assessment period.

Amid the COVID-19 outbreak, sales of security bags gained traction, exhibiting year-over-year growth at 8.3% between 2020 and 2021. Security bags were widely being adopted for secure handling and transport of novel drugs and vaccines to contain the market, which in turn propelled sales of security bags in the pharmaceutical sector.

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This trend is expected to continue in the forthcoming years, as several countries are still bearing the brunt of the COVID-19 pandemic. Growing demand for security bags for no-contact delivery of pharmaceuticals and other non-essential goods delivered through eCommerce is expected to bode well for the market.

Apart from this, increasing adoption of security bags in financial institutions such as banks and credit unions will continue augmenting growth of the market. Tamper-proof security bags are ideal for transferring and storing cash and coins, as thieves can’t steal the contents without leaving any trace.

Rising demand for sustainable security bags in hotels and casinos is compelling manufacturers to launch new variants of security bags made of recyclable materials. Consumers are increasingly preferring recyclable packaging solutions to reduce their carbon footprint as a part of their social responsibilities. This is expected to create lucrative opportunities for existing players and new entrants in the global security bags market.

“Increasing applications of security bags for safe handling of crime scene evidence in forensics and government organizations, coupled with growing demand for durable packaging in the eCommerce sector, will continue fostering growth of the market through 2031,” says an FMI analyst.

Key Takeaways:

• Demand for plastic security bags is expected to remain high, owing to durability and optimal protection offered by plastic materials such as PVC and LDPE.
• In terms of application, the pharmaceutical distribution segment is expected to account for a dominant share of the global security bags market.
• Based on product type, opaque security bags will remain most preferred, due to their diverse applications in various end-use sectors.
• Applications of security bags in financial institutions will continue gaining traction, owing to growing preference for reliable and sustainable packaging solutions.
• The U.S. will continue exhibiting high demand for security bags. Sales of security bags in the North America region are expected to expand at a 7.6% CAGR through 2031.
• The U.K. will emerge as a lucrative market, with demand for security bags growing at a 7.1% CAGR in the Europe market.
• China is expected to command lion’s share of the East Asia security bags market over the forecast period.
• Japan and South Korea will account for 14% and 9% of the East Asia security bags market share in 2021.

Security Bags Market by Category

By Raw Material Type:

• Plastic
• Paper
• Fabric

By Product Type:

• Opaque
• Clear

By Application:

• Cash/Coin Deposit Bags
• Strap Bags
• Card & Dice Bags
• Evidence Bags
• Pharmaceutical Distribution Bags

By End-Use:

• Financial Institutions
• Hospitals
• Casinos
• Hotels
• National Retail Companies

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Competitive Landscape

Ampac Holdings LLC., Coveris Holdings S.A., Mega Fortris, KOROZO Ambalaj San.ve Tic A.S., and Harwal Ltd. are among the key players operating in the global security bags market. As per FMI, top 5 players in the security bags market are expected to account for 10-15% of the total market share in 2021.

Key players operating in the global security bags market are investing in research and development to improve their product portfolios by offering sustainable security bags. Apart from this, players are also investing in mergers, acquisitions, collaborations to expand their global footprint. For instance:

• In July 2021, ProAmpac, a global leader in flexible packaging and material sciences, acquired Euroflex, an Ireland-based flexible printing firm that develops films, lamination, tamper-proof security bags, and pouching packaging solutions.
• In November 2019, Korozo acquired Vitra NV and Creavit NV. Vitra NV is a Belgium-based packaging firm that specializes in thin films packaging, labels, security bags, and small-sized bags for transit and postal services. Creavit NV is an in-house design and pre-press department owned by Vitra.

More Insights into the Security Bags Market Report

In its latest report, FMI offers an unbiased analysis of the global security bags market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of raw material type (plastic, paper, and fabric), product type (opaque and clear), application type (cash/coin deposit bags, strap bags, card & dice bags, evidence bags, and pharmaceutical distribution bags), and end-use (financial institutes, hospitals, casinos, hotels, national retail companies, government organizations, courier service companies, and academic institutions) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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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.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Website: https://www.futuremarketinsights.com

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Masking tapes are highly sought-after components in the automotive, construction, aerospace, and other industries due to their productive usage in heavy engineering activities. The masking tapes market is expected to grow at a 3.9 percent CAGR in 2021, according to a new analysis by Future Market Insights (FMI), as operations across industries restart following the COVID-19 lockdown.

At the core of the global masking tapes market growth is the expanding building and construction industry. Although primarily used to mask areas while painting, these tapes are finding increasing applications in label supplies. According to Future Market Insights (FMI), growth of the market will largely ride on versatility of masking tapes.

Automotive engines that are prone to overheating are increasingly using masking tapes designed to resist high temperatures. Rising car sales are creating attractive opportunities for masking tape sales against this backdrop. Aside from that, their growing use in automobile customisation will fuel market expansion in the future years.

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Who is winning?

Some of the leading companies operating in the market are 

• PPI Adhesive Products (C.E.) s.r.o.
• 3M,
• Shurtapes Technologies LLC.,
• Intertapes Polymer Group Inc.,
• Nitto Denko Corp,
• tesa SE Group
• Ahlstrom Corporation
• Saint-Gobain Performance Plastics Corporation
• PPI Adhesive Products (C.E.) s.r.o.
• Berry Global Group Inc.

Competition within the masking tapes market is expected to intensify in the coming years as companies engage in race of launching new products with greater performance.

Key Takeaways from Report 

• By 2030, overall value of masking tapes market will reach US$8.06 Bn
• In 2020, nearly 66.9% of materials used in masking tapes production were paper
• More than 90% of masking tapes sold worldwide are single-sided and over 50% sold have rubber-based adhesive
• Masking tapes are more commonly used in painting applications, which is expected to surge at 4.7% between 2020 and 2030
• Building and construction applications will continue rising. In 2020, the industry exhibited maximum demand for masking tapes

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“Through 2030, nearly 40% of masking tape applications will be attributed by building and construction sector. This is one sector that will have exclusive attention from market players. Companies are expected to launch cost-effective masking tapes and go-to tapes to offer industrial masking solutions. In line with soaring focus on environment, some of them, including Monta, have launched compostable tapes. This will create ample growth opportunities for the market,” said a lead analyst at FMI.

Sustainability Holds Immense Potential

In 2015, the member states of the United Nations adopted the 2030 Agenda for Sustainable Development that offered a shared plan for achieving sustainability based on five pillars: prosperity, planet, people, partnership, and peace. The agenda specified various principles and corresponding steps to be adopted by government, individual companies, and other associations to ensure sustainable development in the coming years. This has encouraged various companies, including masking tape manufacturers to adopt sustainability goals and adhere to eco-friendly production.

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The year 2020 witnessed several launches in the sustainable category. For instance, addressing the need to offer sustainable solutions, a renowned German manufacturer and one of the leading adhesive tape suppliers, Monta has launched monta biopack, which is a new self-adhesive tape. According to the company, the tape is made from roughly 90% renewable resources.

With an increasing number of companies joining the sustainability bandwagon, masking tapes market will have novel drivers to capitalize on in the near future.

Thanks to recent advancements, the applicability of masking tapes is improving, resulting in increased demand from the building and construction industry. As a result of rising infrastructure spending, emerging countries will become profitable markets for masking tape sales. However, as the industry struggles to cope with the unexpected economic ramifications of the COVID-19 epidemic, this tendency may be restricted in the near-term evaluation period.
Similarly, decreased auto sales could stymie market expansion in 2020. Nonetheless, countries are returning to routine after an extended period of lockdown. In a new report, FMI provides an executive-level overview of current market trends.

About Us:

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

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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The global lubricant packaging market is predicted to reach a value of US$ 15.5 Bn by 2029, with the market growing at a moderate CAGR of 5.2% from 2022 to 2029. In 2022, the target market will likely reach an estimated US$ 11.4 Bn. Heightened demand for flexible and strong packaging solutions for different usage in multiple industry verticals propels the demand for lubricant packaging market during the forecast period.

Heightened demand for flexible packaging solutions and small-pack lubricant packaging will likely amplify the market growth of lubricant packaging. Flexible packaging goods are considerably lighter than rigid plastic containers and use 60% less plastic and because of its flexibility, lubricant packaging design has a higher product-to-container ratio than a rigid plastic oil container or other packaging structure.

In addition to this, the automotive industry witnesses the highest demand for lubricant packaging. Hence, the rapidly increasing R&D activities and other advancements happening in the automotive industry also leads to the growth of the lubricant packaging market. Again, the increasing sales of automobiles is pushing the demand for lubricants, which is stimulating the lubricant packaging market forward.

Furthermore, the need for lubricant packaging in the automobile sector is growing with the increasing use of semi liquid, liquid and solid forms. Barring this, a surge in demand for product packaging solutions such as intermediate bulk containers that are used to store lubricants such as grease oil and others further amplifies the growth of the lubricant packaging market over the forecast period.

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“Heightened demand for engine oil packaging from the automotive sector will fuel the global growth of the lubricant packaging market over the forecast period,” says an FMI analyst. 

Key Takeaways:

• By packaging type, drums will generate an incremental opportunity of US$ 18 Bn.
• Lubricant packaging for engine oil will grow at a 6.5% CAGR.
• By end-user, rising demand from the automotive sector contributes the most to the market growth.
• In 2022, the overall market sales will reach US$ 157.5 Mn in the U.K.
• Lubricant packaging market in Japan will grow 1.5x in the upcoming decade.
• By the end of 2022, India will account for about 21% demand share of the global market.

Competitive Landscape 

Mold Tek Packaging Ltd., Balmer Lawrie & Co. Ltd., Glenroy Inc., Time Technoplast Ltd., Grief Inc., CYL Corporation Berhad, Duplas Al Sharq LLC, Scholle IPN, Mauser Group B.V., and Martin Operating Partnership L.P. among others are some of the major players in the lubricant packaging market profiled in the full version of the report.

Major market players are concentrating on amplifying their production capacities to cater to the swelling demand. These businesses are also keen on expanding their product portfolio to gain a competitive edge.

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More Insights into Lubricant Packaging Market Report

In its latest report, FMI offers an unbiased analysis of the global lubricant packaging market, providing historical data from 2014 to 2021 and forecast statistics for 2022 to 2029. To understand the global market potential, growth, and scope, the market is segmented on the basis of lubricant type (engine oil, transmission and hydraulic fluid, process oil, metal working fluid, general industrial fluid, gear oil, greases), material (metal (tin, steel), plastic (polyethylene (HDPE, LDPE), polyvinyl chloride (PVC), polyethylene terephthalate (PET), polystyrene (PS), polypropylene (PP), polyamide (PA), others)), end user (automotive, metal working, oil & gas, power generation, machine industry, chemicals, other manufacturing), and region.

According to the latest FMI reports, based on segmentation, the engine oil lubricant type will contribute the most to the escalating demand for lubricant packaging market. While drums are the most preferred lubricant packaging type, generating an incremental opportunity of US$ 18 Bn, the automobile end-user segment will create a growth opportunity of US$ 21 Bn during the forecast period.

Based on region, the lubricant packaging market in the United States is predicted to exhibit substantial growth owing to the expanding automotive sector in the country. The U.S. has one of the largest automotive sectors in the world and the elevated demand for the target product from the automotive sector is fueling the lubricant packaging market growth in this country. Aside from the U.S., the U.K., Japan, and India are some of the other nations expected to undergo notable growth over the forecast period.

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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

4. Key Success Factors

    4.1. Product Adoption Analysis

    4.2. Product USPs / Features

Read More TOC..

About Us:

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

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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Demand for industrial packaging in the Middle East and Africa is likely to remain robust owing to the improving situation of international trade. In addition, global trade of industrial products has grown three-fold over the past decade. Bio-chemical products and food-grade ingredients are amongst few of the most traded items around the world. In the MENA region, the focus has recently shifted towards non-oil based industrial activities as the long-term dependency on crude oil business is gradually abating. Moreover, it is important to develop new business verticals in order to stay unaffected from the ongoing dwindles in the region’s oil and gas industry.

As compared to other regions, non-oil goods and services have a significantly low contribution to the economy of the MENA region. Yet exports, especially non-oil exports are expected to be crucial in the further development of the robust and all-inclusive growth model to secure the future of the region.  End-use industry such as electronics, automotive, plastics & rubber, and agriculture in MENA are expected to witness a healthy growth over the medium term. This, in turn, is expected to support the growth of industrial packaging market in the region.

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Future Market Insights (FMI) in its latest report reveals that the industrial packaging market in the MENA region stood at US$ 3,372.5 Mn by 2016 and is estimated to reach a valuation of US$ 5,053.0 Mn by 2024-end. Revenue from the sale of industrial packaging products in the region is expected to increase at a CAGR of 5.2% during the forecast period (2016–2024).

GCC and North Africa are identified as the key markets that account for more than 60% of MENA’s industrial packaging market. Further, the market in GCC is projected to expand at a relatively higher CAGR over the forecast period and present lucrative opportunities for industrial packaging product manufacturers in the region.

Plastic Remains the Top Material for Manufacturing Industrial Packaging Products

By 2016, plastic based industrial packaging products accounted for more than 50% of the revenue share of the market in the region. Plastic packaging is used across several industrial verticals owing to its durability and cost efficiency. However, demand for paper & paperboard-based packaging material is expected to gain a healthy traction over the forecast period.

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Based on product type, intermediate bulk containers (IBCs) packaging accounted for more than 30% revenue share of the market by 2016. IBCs are reusable industrial containers classified by 2 types: Flexible IBCs & Rigid IBCs. IBCs are commonly used for the transportation and storage of liquid and granulated substances such as food ingredients, chemicals, solvents, and pharmaceuticals.

By end-use, nearly US$ 1104.9 Mn worth of industrial packaging is expected to be consumed by the chemicals & pharmaceuticals sector over the forecast period. In addition, chemicals and pharmaceuticals sector is the most significant end-user for industrial packaging in the MENA region.

Vendor Insights

Industrial packaging solution manufacturers are actively focusing on further enhancing their product offerings. Many of the companies are changing their raw materials in accordance with the shift of customers towards convenience packaging. International Paper, Time Technoplast Ltd., Mauser Group B.V, Grief, Inc., Balmer Lawrie & Co. Ltd., Clouds Drums LLC., and Gulf Plastic Industries Company are amongst some of the leading companies operating in MENA’s industrial packaging market.

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MENA Industrial Packaging Market By Category

By Product:

• Plastic Pallets
• Drums
• IBCs (Totes)
• Sacks
• Pails
• Crates
• Tubes
• Bulk Boxes
• Other

By Material:

• Metal Industrial Packaging
• Plastic Industrial Packaging
• Paper & Paperboard Industrial Packaging
• Fiber & Wood Industrial Packaging

By Packaging:

• Rigid Industrial Packaging
• Flexible Industrial Packaging

By End-Use Industry:

• Agriculture
• Automotive
• Building & Construction
• Chemical & Pharma
• Engineering
• Food & Beverages
• Metal Products
• Oil & Lubricants
• Plastic & Rubber
• Furniture
• Electronics
• E-Commerce
• Tobacco
• Other

About Us:

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

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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The market for polyester straps is anticipated to reach US$ 1,389 Mn by 2027, at a CAGR of 7.4% from 2022 to 2027, from an estimated US$ 973 Mn in 2022. According to the study’s research of the different packaging grade types, hand grade polyester straps will make up about 58 percent of all polyester straps sold in 2022, making them the most well-known packing grade kind globally.

Bundling and palletizing applications are anticipated to hold a 90 percent market share of the worldwide polyester straps market throughout the anticipated timeframe, according to the application-wise estimate.

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What is The Impact of Rising Demand for PET Straps across the Automotive Industry on Global Polyester Straps Market?

Rising usage of polyester straps for seatbelts is projected to drive the polyester straps market share in the automotive industry during the forecast period. Furthermore, polyester straps have replaced nylon webbing as safety equipment in racing cars due to its increased strength, and a lower rate of elongation under load.

In addition to product safety, to overcome government regulations regarding safety, manufacturers are focusing on product innovation. The usage of seat belts is rising due to increasing safety concerns. This is likely to act as an opportunity for the polyester straps market over the forecast period.

E.g., the European New Car Assessment Program (Euro NCAP) has resulted in the installation of seat belts and other safety straps in automobiles. The aforementioned rules are expected to fuel the demand for polyester straps over the next decade.

Global Polyester Straps Market: Regional Forecast

Future Market Insights tracks the performance of the global polyester straps market across the key geographies of North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa. As per the forecast of Future Market Insights, North America polyester straps market is estimated to be valued at US$ 158.3 Mn in the year 2022 and is slated to touch a value of US$ 323.9 Mn in the year 2027, reflecting a CAGR of 7.4% during the assessment period. The Western Europe polyester straps market is estimated to be valued at US$ 119.8 Mn in the year 2022 and is slated to touch a value of US$ 237.8 Mn in the year 2027, exhibiting a CAGR of 7.1% during the assessment period.

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Competitive Landscape

Globally renowned polyester strap manufacturers are focusing upon offering sustainable polyester straps and positioning themselves as sustainable practitioners:-

In January 2021, Teufelberger was awarded with WorldStar Global Packaging Award for its 100% recyclable strapping produced with lesser raw material and offering enhanced performance.

Key Companies Profiled

• Teufelberger holding ag
• Samuel Strapping Systems
• FROMM Packaging Systems Inc.
• Mosca GmbH
• Industrial Yarns Pty Ltd.
• Linder GmbH
• The Plastic Strapping Company Ltd
• Northshore Strapping Company
• Plastic Extruders Ltd.

Global Polyester Straps Market By Category

By Thickness:

• Below 0.5mm
• 0.5mm-0.75mm
• 0.76mm-1mm
• Above 1mm

By Packing Grade:

• Hand Grade Polyester Straps
• Machine Grade Polyester Straps

By Width:

• 5mm-15mm
• 16mm-25mm
• 26mm-35mm
• Above 35mm

By Breaking Strength:

• Up to 220kg
• 221kg to 300kg
• 301kg to 500kg
• 501kg to 1,000kg
• Above 1,000kg

By End Use Industry:

• Food & Beverage
• Pharmaceuticals
• Electronics & Electricals
• Automotive
• Construction & Allied Industries
• Paper & Allied Industries
• Textiles & Apparels
• Chemicals & Fertilizers
• Others

By Application:

• Heavy Duty Bailing
• Bundling
• Palletizing

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Table of Content

1. Executive Summary

1.1. Global Market Overview

1.2. Market Analysis

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

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

About Us:

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

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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Future Market Insights’ latest report on North America’s silo bags market indicates that undulating prices of raw materials such as polyethylene films is curbing the production of silo bags.

The study conducted by Future Market Insights estimates that the 60 meter and 75 meter lengths of silo bags are estimated to cumulatively account for around 90% of market share in 2022 and the market valuation of these segments is projected to expand at a CAGR of 4.7% and 5.1% respectively during the forecast period 2022-26.

The U.S. is expected to drive the silo bags market in North America and is estimated to hold a significant market share of around 84% in 2022. FMI team further estimates that in 2022, the Canada silo bags market will grow 5.5% year-over-year.

Contingent upon the monotony of this scenario in the years to come, North America’s silo bags is less likely to soar at a steady momentum, and will probably exhibit revenue growth at 4.8% CAGR.

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Nonetheless, the decline in demand for silo bags across North America is not solely orchestrated by volatility of raw material prices. Future Market Insights’ report, titled “Silo Bags Market: Global Industry Analysis and Opportunity Assessment, 2022-2026,” predicts that strict environmental regulations associated with industrial use and large-scale production of plastic films is restraining a cost-effective production of silo bags.

Silo bags, made from raw materials such as polyethylene or polypropylene films, are another burden on such regulatory authorities as dumping waste silo bags leads to environmental degradation. Key findings of the report indicate that through 2026, more than 90% of North America’s silo bags revenues emanate from sales of polyethylene bags, which further aggravates the environmental regulatory conditions.

The report reveals that in terms of volume, the consumption of silo bags in the US and Canada will exhibit a 4.4% CAGR. In 2016, the market has been estimated to be valued at US$ 31.8 Mn, and is expected to exceed a little over US$ 50 Mn by 2026-end. During this forecast period, the demand for 75-meter silo bags will remain high and bring in more than US$ 25 Mn in revenues towards the end of 2026. Also, over two-third of the market’s value is accounted by sales of silo bags for protection of grains.

The demand for silo bags is also predicted to gain traction for forage applications, revenues from which are expected to soar steadily at 5.1% CAGR. The report further projects that US will dominate with more than 80% share, while Canada’s silo bags market will gain traction by showcasing a value CAGR above 5%.

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Another factor that is expected to inhibit the growth of North America’s silo bags is the aggressive competition for securing higher profits. Leading manufacturers of silo bags in the region are faring the market’s cut-throat competitive landscape by providing a product line with extra features.

The overall profitability behind the sales of basic silo bags gets comprised and distorts the demand influx. The report has profiled key players in North America’s silo bags market, which include Grain Pro, Inc., IPESA – Rio Chico SA, GEM Silage Products, RKW Hyplast NV, Grain Bags Canada, Blue Lake Plastics, LLC., BagMan LLC., Canadian Tarpaulin Manufacturers LTD., Temudjin Flex-Pack BV, and KSI Supply, Inc.

Silo Bags Market By Category

By length:

• 60 Meters
• 75 Meters
• 90 Meters

By material:

• Polyethylene (PE)
  • Low-Density Polyethylene (LDPE)
  • High-Density Polyethylene (HDPE)
• Polypropylene (PP)

By application:

• Grains
  • Dry Grains
  • Wet / Humid Grains
  • Rolled Grains
• Forages
• Fertilizer
• Dried Fruits
• Others

By country:

• U.S.
• Canada

About Us:

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

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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In the filament tapes market, the electrical & electronics and automotive segments are collectively generating revenue of USD 1,499 million in 2022, according to the Annual Market Analysis conducted by Future Market Insights.The global filament tapes market is estimated at USD 4.9 billion in 2022 and is projected to reach USD 6.6 billion by 2026, at a CAGR of 7.8% from 2022 to 2026.

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Amidst the COVID 19 pandemic, the e-Commerce industry is likely to grow at an unprecedented pace, which is expected to augment the growth of the filament tapes market. On the flip side, industries such as automotive and consumer goods have been highly affected by the pandemic. As such, growth of the global filament tape market is expected to be relatively slow in 2020

“Key manufacturers of filament tapes are focusing on product innovation and technological integration that can allow at-scale production, resulting in quality products at a lower cost. This is likely to attract customers, as it balances cost and value. Organizations are also partnering and collaborating with other players in the market to penetrate deeper into untapped regions. This will enhance brand value and increases market competitiveness in the filament tapes market.”

Key Takeaways of Filament Tapes Market Study

• Single-sided tapes account for over 50% share of the overall filament tapes market. However, double-sided tapes are expected to register high incremental opportunity in comparison with single-sided tapes, owing to their multi-functional ability and high performance characteristics.
• Amongst the adhesive types, rubber-based and acrylic-based adhesive types would account for over 70% market share, cumulatively.
• As per FMI analysis, carton sealing is major application of filament tapes, followed by insulation and bundling. Cartons that need to be transported require sturdy packaging to prevent products from getting damaged. Due to increase in e-Commerce spending and growth of the FMCG sector, the carton sealing application is expected to remain prominent throughout the forecast period.
• Automotive and electrical & electronics industries, cumulatively, would maintain their primacy in the filament tapes market. However, due to the impact of the COVID-19 outbreak, growth is anticipated to take a dip in the near term.
• Application of filament tapes is likely to surge in shipping & logistics and food & beverages, attributable to increasing shift of customers towards essential goods.

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Filament Tapes Market Landscape

3M, Intertape Polymer Inc., and Saint Gobain Performance Plastics Corporation have been identified as the top players in the global filament tapes market, and account for over 20% of global market value. Tier-2 players such as Tesa Tape Inc., Sekisui Chemical Group, and Shurtape Technologies, along with others players, also have decent sales of filament tapes. Tier-3 players such as Folsen, Guangzhou Weasy Adhesive Products Co., Euro Tapes Pvt. Ltd., and Cosmos Tapes & Labels Private Limited are other noteworthy market players.

Filament Tapes Market by Category

By Filament Type, Filament Tapes Market is Segmented as:

• Single Sided Tapes
• Double Sided Tapes

By Backing Adhesive Type, Filament Tapes Market is Segmented as:

• Plastic Film
  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Polyethylene (PE)
  • Polyester (PS)
  • Others
• Paper
• Fabric
• Foam

By Adhesive Type, Filament Tapes Market is Segmented as:

• Rubber Based
  • Natural Rubber
  • Synthetic Rubber
• Acrylic Based
• Hot Melt Adhesive

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By Width, Filament Tapes Market is Segmented as:

• 12 mm
• 18 mm
• 24 mm
• 36 mm
• 48 mm
• 72 mm
• 96 mm

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The global cosmetic pencil & pen market was valued at ~US$ 2 Bn in 2018, and is expected to increase at a CAGR of ~8% between the forecast period 2019–2029, according to a recent study published by Future Market Insights (FMI). The study opines that the increasing focus to developments and innovation will continue to remain one of the vital factors that accelerates the market growth of the cosmetic pencil & pen.

As per the key findings of the report, the global cosmetic pencil & pen market is projected to experience noteworthy growth over the forecast period due to various driving factors such as growing e-commerce industry and increasing demand for cosmetic product. The major players of cosmetic pencil & pen are focusing on the e-commerce channels for sales and promotion, finds the study.

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The e-commerce industry is growing at a good pace and is expected to contribute to the increasing sales of cosmetic products, and simultaneously influence the emerging trends in the global cosmetic pencil and pen market during the forecast period. E-commerce provide small and local manufacturers a large platform to do business, which is expected to increase in market share by reaching new customers.

Consumers are attracted towards the buying process provided by the e-commerce industry, it speeds up the buying process and saves time. It also provides a comparative study about the product with reduced cost, and this will bolster online sales of cosmetic pencil & pens in the coming future.

Asia Pacific to Hold One-Third Revenue Share; Market Leaders to Expand Their Presence in the Region

The FMI study finds that China, South Korea and Japan are the leading exporter and importer of cosmetic product in the Asia Pacific region, and these countries cumulatively accounts for approximately 2/3rd of the total Asia Pacific cosmetic pencil & pen market. It is due to increase in per capita income of working women and increasing attention towards fashionable cosmetic product.

Europe is also expected to witness a positive outlook towards cosmetic pencil and pen in the forecast period followed by the Asia Pacific region. France and U.S. are the leading exporters in the global market. It is due to presence of key players in cosmetic pencil & pen manufacturing. Leading European cosmetic pencil & pen manufacturers are entering into potential market of Asia pacific, and more often in Southeast Asia.

The tier 2 companies are also planning to expand their presence in the global market with increased production capacity with acquisition and mergers. Growing penetration of local manufacturers in their respective regions also fuels the cosmetic pencil & pen market. Furthermore, emerging economies of Latin America such as Mexico and Argentina are expected to have potential in the cosmetic pencil & pen market during the forecast period. All these factors will create demand for cosmetic pencil & pen in the coming years.

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Cosmetic Pencil & Pen Market: Vendor Insights

• Leading cosmetic companies such as
• Intercos S.p.A,
• Swallowfield PLC,
• Schwan-STABILO
• Cosmetic GmbH & Co. KG and

HCT Group are focusing on developing innovative product and also focusing on expanding its geographical presence to sustain in the market. The companies providing various types of cosmetic pencil & pen with increase product offering help them to increase the revenue and sales of the company.

Some of the other key players in the global cosmetic pencil & pen market are

• Alkos Cosmetiques SAS,
• Oxygen Development LLC,
• JOVI S.A,
• A.W. Faber-Castell Cosmetics GmbH,
• Confalonieri Matite S.R.L,
• Columbia Cosmetics Manufacturing Inc,
• Eugeng International Trade Co., Ltd.,
• Quadpack Spain SL,
• Ningbo Beautiful Daily Cosmetic Packaging Co., Ltd.,
• The Packaging Company, and
• Alovey Cosmetic Packaging Co.,Ltd.

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Key Segments Covered in Cosmetic Pencil & Pen Industry Research

By Material :

• Plastic
• Wood
• Metal

By Product Type :

• Sharpenable Wooden Pencils
• Sharpenable Molded Pencils
• Mechanical Pencils

By Application :

• Eye
  • Eyeliner & Kajal
  • Eye Shadow
  • Eye Brow
  • Mascara
• Lip
  • Lip Liners
  • Lipsticks
  • Lip Gloss
• Clean-up Pencils
• Concealer Pencils
• Cheek Balms
• Sculpting Pencils
• Skin Glossing Pencils

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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.

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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The beverage packaging market is expected to surpass US$ 128.2 Bn by 2027, likely to Grow Moderately at 4.1% CAGR during the assessment period.

Beverage packaging manufacturers have witnessed an increasing demand for smaller pack sizes, which has led to a rise in demand for beverage cans, as they are convenient for carrying.  However, rising awareness regarding sugar content in soft drinks, and the resultant health effects has led to a meteoric increase in the consumption of bottled water in the beverage packaging market.

In the beverage packaging market, brand owners in developed countries such the U.S. have been quick to capitalize on this growing demand and offer seasonal flavoured water, such as chocolate peppermint.

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High consumption of alcohol in developed and developing economies is expected to bolster the demand for beverage packaging, especially beer bottles and beverage cans, during the next ten years. High demand for flavoured alcoholic beverages, wine, soft drinks, and energy drinks are expected to bolster the sales of beverage cans in the beverage packaging market.

Key Takeaways of Beverage Packaging Market Study

According to FMI analysis, glass is expected to remain the top revenue generating segment in the beverage packaging market. However, it is expected to witness a decline during the forecast period, owing to the shift in preference for plastic packaging solutions, due to the brittle nature of glass.

The growth in consumption of bottled water is expected to continue in the beverage packaging market as more consumers continue to make the shift from carbonated drinks to low-sugar drinks. This is attributed to rising consumer awareness regarding the health effects associated with the consumption of carbonated drinks.

The Asia Pacific except Japan (APEJ) Beverage packaging market is identified as the most lucrative geographic region, wherein China & India represent a substantial total incremental opportunity over the forecast period.

“The beverage packaging industry is characterized by several design-level trends. One of the most prominent trends is an inclination of beverage packaging manufacturers towards packaging design innovation, keeping consumer convenience at the center. Many vendors focus on lightweight feature to help beverage packaging manufacturers in their efforts to reduce transit costs,” says an FMI analyst.

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Beverage Packaging Market by Category

By product Type:

• Liquid Cartons
• Beverage Cans
• Glass Bottles
• Plastic Bottles
• Others

By Material:

• Glass
• Plastic
• Metal
• Paper/Paperboard

By Application:

• Alcoholic Drinks
  • Beer
  • Wine
• Non-Alcoholic Drinks
  • Fruit Juices
  • Carbonated Drinks/Soda
  • RTD Beverages

Beverage Packaging Market Landscape

Key players in the beverage packaging market such as Ball Corporation and Crown Holdings, Inc. emphasize on product development by adopting smart packaging technology, such as smart beverage cans, which can connect with electronic devices to interact with the user.  Key players operating in the global market for Beverage packaging include Crown Holdings, Inc., Amcor Limited., Ardagh Group S.A., Ball Corporation, Gerresheimer AG., Owens-Illinois, Inc., Berry Global, Inc., Beatson Clark Ltd., Intrapac International Corporation, BA Glass Germany GmbH., Nampak Ltd., Vidrala S.A., Silgan Containers LLC., Mahmood Saeed Beverage Cans & Ends Industry Company Ltd., and Orora Packaging Australia Pty Ltd.

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Table of Content
1. Executive Summary

1.1. Market Overview

1.2. FMI Analysis and Recommendations

1.3. Wheel of Opportunity

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

3. Market Viewpoint

3.1. Porter’s Five Force Analysis

3.2. Global Packaging Industry Outlook

3.3. Market Dynamics

3.3.1. Drivers

3.3.2. Restraints

3.3.3. Trends

3.3.4. Opportunities

4. Global Beverage Packaging Market Analysis By Region

4.1. Introduction

4.2. Historical Market Size (US$ Mn) and Volume (Tonnes) Analysis 2012-2021 By Region

4.2.1. North America

4.2.2. Asia Pacific Excluding Japan

TOC Continued…

About Us:

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

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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