Market Research Blog – Page 10177 – New Product Development

Parenteral Packaging Market likely to surge at a vigorous 5.5% CAGR by 2031

Future Market Insights (FMI) in its market analysis projects the parenteral packaging market to grow at 5.5% CAGR during the forecast period 2021-2031. Driven by the rising necessity of effective packaging solutions for therapeutic drugs without compromising their potency, the parenteral packaging market is forecast to reach the market valuation of US$ 11,460 Mn in 2021.

North America is expected to provide lucrative growth opportunities backed by increasing healthcare spending and rising production rate of parenteral packaging in U.S. Spurred by this, the North America parenteral packaging worth is projected to expand at 4.3% CAGR in 2021.

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Exhibiting a growth rate of 5.5% in the coming decade, revenue from the sales of parenteral packaging products is slated to experience around 6% year-on-year growth rate in 2021. Sustainability is the buzzword here – manufacturers are steadfast in their focus on addressing environmental concerns; which probably explains the near-death of plastic as a preferred material for parenteral packaging, owing to environmental issues associated with the disposal of plastic parenteral packaging products.

Innovation to Take Centre Stage in the Manufacturing of Parenteral Packaging Products; Automation to Underpin Core Production Processes

With technology having seeped through the global industry fabric, the market for parenteral packaging products is witnessing a new era of advanced processing techniques powered by automation in the packaging industry.

Advanced automation in manufacturing processes has brought in notable modifications pertaining to the provision of drugs to patients, and this integration of automation into core manufacturing systems is trending the global parenteral packaging market.

Manufacturers are also focusing on deploying high quality, contamination free processes to assemble parenteral packaging containers. These processes seek to eliminate incidences of reactions between the material used to manufacture the containers and the actual content (drugs) of the containers, thereby preventing harmful effects on patients consuming the drugs.

Several product recalls in the past have forced manufacturers of parenteral packaging products to select the best material to manufacture containers, and this factor is acting in favour of revenue growth of the global parenteral packaging market.

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Ready-to-Fill Formats and Automated Assembly Lines Trending the Global Parenteral Packaging Market

On the back of sustainability drives by global governments, manufacturers of parenteral packaging products are changing their operations by integrating automated systems in their assembly lines.

A strategic shift from manual to automatic packing lines is bringing in enhanced process efficiency and reducing dependency on manual labour, thereby creating pathways for cost-effectiveness in the long run. Further, the rapidly rising demand for prefilled syringes is benefitting the global parenteral packaging market.

Newer Raw Material Options to Create Increased Growth Opportunities for Manufacturers of Parenteral Packaging Products

Over the years, conventional raw materials used to manufacture parenteral packaging products have witnessed several advancements. Add to this the introduction of newer types of material to manufacture parenteral packaging containers, and the global market is suddenly a hotbed of opportunities for manufacturers.

The global parenteral packaging market is witnessing strategic collaboration between manufacturers and suppliers for both the sourcing of appropriate raw materials and the final packaging formats.

For instance, polymers such as cyclic olefin polymers (COP) and cyclic olefin copolymers (COC) are being sought after in large numbers, owing to their inherent advantages over conventional plastic and glass used to manufacture parenteral packaging containers.

The introduction of better raw material types supports increased sophistication in drug delivery technologies, thereby helping manufacturers up their revenue standing in the global market. Needless to say, this is positively impacting revenue growth of the global parenteral packaging market.

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Key Segments Covered in Parenteral packaging Market Study:

By Product Type:

Vials
Pre-filled Syringes & Cartridges
Bags
Ampoules
Ready to Use Systems

By Material Type:

Glass
Plastic

By Packaging Type:

Small Volume Parenteral (SVP)
Large Volume Parenteral (LVP)

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

Security Labels Market to Garner Brimming Revenues by 2030

The Global Security Labels Market is estimated at US$ 29.5 Bn in 2022 and is projected to reach US$ 44.8 Bn by 2030, at a CAGR of 5.4% from 2022 to 2030.

Future Market Insights in its most recent delivered report, projects more than 3% yearly development in worldwide security labels market, which will push the complete market size to be over US$ 45 by in 2030. Development of retail area, its surprising advancement, and changing buyer awareness have all in all animated the development of unified businesses, for example, naming and bundling.

Request to make retail more coordinated with improved and effective stock administration is supposed to up the interest for security labels. Future Market Insights predicts that the steadily growing food and drinks and drug markets will move the interest for cutting edge security labels that come to RFID and NFC advances.

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Growing e-commerce and bulk buying has significantly created a need for right labelling to ensure proper asset tracking, tracking of warehouse locations, and safe storing of the product until it reaches the buyer. The need to differentiate products on shelves has compelled security label manufacturers to offer high quality labels that satisfy the packaging and labelling objectives of their clients operating in retail and food markets.

Use of security labels reduce chances of package tampering, which ensures right delivery of products to consumers. Security labels also allow fast and reliable authentication of genuine products, which is essential for safeguarding customer’s interest.

Identification of authentic products from the counterfeit one has been noted as the key market driver as it maintains product integrity. Analysts have assessed each of these factors in detail to ascertain them as powerful market forces responsible for market growth.

Unique Identification Technology and IoT to Boost the Demand for Security Labels

RFID technology, which offers unique identification and real-time information, is expected to give security labels the much-needed overhaul. While it does increase the price of security labels, RFID enables accurate tracking of products. From date of manufacturing to expiry, asset tracking, and inventory management, the modern security labels are expected to simplify many issues for end users.

This technology coupled with Internet of Things and cloud computing technologies used across verticals is expected to enhance security labelling as the best solution for ironing out the creases in logistics and supply chain. Easy access to information about products, information about warehousing, storing, and final dispatch can be easily managed with such labels.

RFID security labels are also expected to make lab work error free as they largely remove the element of human interaction for reading, sorting, shelving. Such benefits are expected to favor market growth in the coming years.

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One of the challenges that brand owners face is maintaining and developing a positive brand image. Companies strive to achieve positive impression by improving product performance, reliability, and creating value. However, counterfeit products can tarnish the positive brand image and gray market of the products can result in margin shrinkage. To overcome the challenge, security labels are anticipated to play a vital role in authentication of products. This is likely to boost the demand for security labels in the years to come,” says an FMI analyst.

Impact of COVID-19 on Security Labels Market

The short term impact of COVID-19 pandemic can be felt through shortage of raw material and disturbed supply chains in the security labels market. While this has caused the sales to plummet, the pandemic has also highlighted the need for it security in the pharmaceutical, healthcare, and R&D industry.

The growing clinical trials and increasing diagnostics have created a dire need for security labels across labs and research and development centres. Increasing pressure to find a vaccine for COVID-19, will need accurate labelling of samples, thus generating a massive demand for security labels.

Investment by governments in these clinical trials across the globe is also expected to up the demand for security labels in indirect ways.

Security Labels Market Landscape

Avery Dennison Corporation, 3M, CCL Industries Inc., Brady Corporation, Zebra Technologies Corporation, Honeywell Corporation are the top players operating in the Security Labels Market. Furthermore, Covectra, Inc., UPM Raflatac, tesa SE, Mega Fortris Group, Sato Holdings Corporation, Muehlbauer Holding AG, Invengo Technology Pte. Ltd and Smartrac Group are prominent players in the security labels market. The Tier 3 players in the market hold 63-70% in the global Security Labels Market. In conclusion, key players contribute 20-30% of the global market.

Key Takeaways of Security Labels Market Study

Food & beverage industry is estimated to account for more than 2/5th of the security labels demand by 2030
Barcode labels to have an incremental opportunity of US$ 5 Bn by 2030
Plastic, as a raw material, estimated to account for 45% of the global market by value and is expected to reach slightly over US$ 20 Bn by 2030
VOID pattern type is estimated to account for more than 60% by value of the market share by 2030
Boxes & cartons estimated to account for half of the market share by 2030 owing to ease of application due to flat surface of boxes and cartons
East Asia is estimated to have an incremental opportunity of US$ 6 Bn by 2030 with presence of large number of packaging products manufacturers.

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Competitive Landscape

Major market players across global security labels market are focusing upon launching advanced security labels made up of innovative materials and using acquisition as key strategy to expand its operational presence in different parts of the world:-

In February 2022, Avery Dennison Corporation launched first certified portfolio of vegan labels, which contains no animal derived components. It was launched to vegan alternatives across various industries.

In January 2022, CCL Industries Inc. acquired International Master Product Corporation, which is a Michigan, U.S. based manufacturer of tags & labels.

Global Security Labels Market By Category

By Product Type :

Barcode
Holographic Labels
Radio Frequency Identification (RFIDs)
Electronic Article Surveillance (EAS)
Near Field Communication (NFC)
Others (QR codes, etc.)

By Material Type :

Plastic
- Polyester
- Vinyl
- PP
- Others
Foam (EPS)
Foil
Paper

By Pattern Type :

VOID
Checkboard
Destructible
Other Customized Patterns

By Application :

Bottles & Jars
Boxes & Cartons
Bags & Pouches
Other Containers (IBC’s, Drum, etc.)

By End-use Industry :

Food & Beverage Industry
Healthcare & Pharmaceutical Industry
Chemicals & Fertilizers Industry
Electrical & Electronics Industry
Personal Care & Cosmetics Industry
Others (Homecare, etc.)

Next Generation Packaging Market is expected to be worth US$ 49.3 Bn between 2022-32 growing at a decent CAGR

The global market for next-generation packaging would experience explosive growth between 2022 and 2032, with a CAGR of 6.1%, reaching US$ 49.3 Bn. Globally, the packaging market is expanding quickly as a result of population increase, technological improvements, and rising customer expectations for product packaging.

A cutting-edge packaging technology is next generation packaging. It is a combination of three different packaging types: modified atmosphere packaging, intelligent packaging, and active packaging (which includes antimicrobials, gas scavengers, emitters, and other things). The advanced benefits of next-generation packaging include traceability, extended product shelf life, information on product quality, etc.

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Next Generation Packaging Demand Analysis (2015 to 2021) Vs Market Outlook (2022 to 2032)

The global next generation packaging market is anticipated to grow significantly during the forecast period, mainly due to growing geriatric population, advancements in packaging material, and rising need for a sustainable packaging technique.

Moreover, the trend that follows with the growth of the next generation packaging market includes increasing research and development spending on packaging technology, growing adoption of QR codes on packaging, and development of advanced sensors.

Growth of the global next generation packaging market is mainly driven by increasing aging population, overall advances in packaging materials and rising need of sustainable packaging. Moreover, trends that are driving the growth of the next generation packaging market are increasing research and development spending on packaging technology, growing adoption of Quick Response (QR) codes on packaging and development of advanced sensors.

This report covers trends that are driving the growth of each segment and respective sub-segments and offers analysis and insights on the potential of the next generation packaging market in specific regions. North America is expected to dominate the next generation packaging market, accounting for over 36% share of the overall market by the end of 2015, and is anticipated to remain dominant till the end of 2025. Western Europe is expected to be the second largest market, accounting for over 20% of market share by the end of 2015.

APEJ and Japan, collectively, are expected to account for over 26% share of the total next generation packaging market by the end of 2015. Among all the regions, Latin America is anticipated to expand at the highest CAGR from 2015 to 2025, followed by the Middle East & Africa, due to increasing investment and economic development in these regions.

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Competitive Landscape

Major participants such as Amcor Limited and Sonoco Products Company are focusing more on business expansion in emerging regions in order to enhance their global presence. In addition, these key players are emphasizing on expanding their packaging product portfolio through acquisitions and mergers. MeadWestVaco Corporation and Rock-Tenn Co. have their joint venture company – WestRock Company. Stora Enso Oyj has been developing intelligent packaging solutions with NXP Semiconductors. This development was intended to primarily focus on integration of RFID technology into packaging in order to enhance consumer engagement and improve supply chain efficiency. It has been running successfully since the year 2016.

Key Companies Profiled

Amcor Limited
WestRock Company
Sonoco Products Company
Sealed Air Corporation
Stora Enso Oyj
Bemis Company, Inc.
MULTIVAC
WS Packaging Group, Inc.
Active Packaging Limited
ULMA Packaging
S.Coop

Next Generation Packaging Market by Application:

Food & Beverages
Healthcare & Pharmaceuticals
Personal Care
Logistics & Supply Chain
Others (Automotive & Industrial)

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

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Related Reports :

Intelligent Packaging Market: The overall market is expected to reach US$ 46.7 Bn by 2031, expanding at a CAGR of 9.0% for 2021-31

Controlled Intelligent Packaging Market : Controlled intelligent packaging includes packaging systems that combine intelligence with advanced sensors, detection, recording, and communication capabilities

Active, Smart and Intelligent Packaging Market: The Global Active, Smart and Intelligent Packaging Market is estimated at US$ 27.1 Bn in 2022 and is projected to reach US$ 43.3 Bn by 2027

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.

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

Intermediate Bulk Container (IBC) Liner Market investigated in the latest research

The North American IBC liners market is expected to reach nearly US$ 135 Mn by 2020-end. While a Pan-American packaging legislation is absent, the federal government has asserted its authority to regulate, food, drug and cosmetic packaging to enhance consumer safety and confidence.

Future Market Insights (FMI) has recently published an exhaustive study on the global IBC liners market, bringing to fore credible insights on the key market trends impacting growth from 2020-2030.

As per FMI’s analysis, the IBC liners market is projected to expand at nearly 5% value CAGR through 2030, reaching US$ 1.2 Bn in revenue.

Opportunities abound across the recyclable and reusable IBC liner packaging solutions. A case in point, French paper manufacturing giant Ahlstrom has been extensively utilizing this technology to incur cost savings of approximately € 30,000 and significant decrease in manufacturing footprint.

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Key Takeaways

North America to generate US$ 135 Mn by 2020-end, East Asia to emerge as a lucrative market
Polyethylene IBC liners to account for over one-third revenue share in the immediate forecast period
Food-grade IBC liners packaging to remain lucrative, non-alcoholic beverages to generate 17% revenue by 2020-end
By thickness, 50 to 100 micron IBC liners to hold dominant revenue share
Aseptic packaging likely to expand at nearly 6% CAGR through 2030
Liquid packaging solutions to emerge as a lucrative segment by content type

“Prominent manufacturers are foraying into emerging economies across the East & South Asian market so as to capture a wide consumer base, thereby accelerating growth prospects in the long-run,” comments the FMI analyst.

COVID-19 Impact Analysis

The COVID-19 pandemic has generated significant expansion avenues for the global packaging industries, with credible potential existing across the food & beverage, cosmetics and pharmaceuticals segments. As the world prepares for another incoming wave of infections, manufacturers are strengthening existing supply chains to mitigate any further recessionary impacts.

Furthermore, demand has surged across the food & beverage and pharmaceutical segments respectively.

For instance, significant spike in sales of Remdesivir were recorded, attributed to the designation of the Emergency Use Authorization (EUA) status by the US FDA in the initial stages of the pandemic.

All these aforementioned trends have therefore enhanced the need to incorporate efficient packaging solutions, thereby broadening growth prospects for the IBC liners market.

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Competitive Landscape

Prominent players operating in the global IBC liners landscape include Amcor Plc, Sealed Air Corporation, Peak Packaging Ltd, Nittel GmbH & Co KG, Composite Containers LLC, Paper Systems Inc, Arena Products Inc., Brambles Industries Ltd., Hanlon Solutions Resource Inc. and CDF Corporation to name a few.

Manufacturers rely on strategic alliances, mergers & acquisitions, new product launches and expansion of geographical outreach to acquire a deeper customer base. Moreover, they are also furthering existing research capacities to incorporate novel technological advancements so as to offer enhanced packaging solutions.

Key Segments

Capacity

Up to 1,000 liters
1,000 to 1,500 liters
Above 1,500 liters

Material Type

Polyethylene
LDPE
LLDPE
Polyamide (PA)
Polypropylene (PP)
EVOH
Aluminum Foil
Others (PVC, PET)

Thickness

Up to 50 micron
50 to 100 micron
100 to 150 micron
Above 150 micron

Content Type

Powder & Granules
Liquids

Filling Technology

Aseptic
Non-aseptic

End-use

Food
Edible Oil
Dry Food
Beverages
Alcoholic
Non-Alcoholic
Chemicals
Specialty
Commodity
Paints, Inks & Dyes
Agricultural
Pharmaceuticals
Biopharmaceuticals
Petroleum, Lubricants & Others

Paper Packaging Market investigated in the latest research

The demand for paper packaging is expected to witness substantial growth in the next 4-5 years owing to the growing popularity of online shopping in the developed as well as in developing countries such as Germany, the U.S., India, and China.

The global paper packaging market is estimated to expand at a CAGR of 4.1% during the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in this report.

Future Market Insights suggests that the growing consumption of packaged food and consumer goods will boost the demand for paper packaging in the coming years. Suitability of corrugated boxes, cartons, and paper bags to pack a large variety of products from different end-use industries such as electrical & electronics, food & beverages, healthcare, homecare, building & construction, and tobacco, will create enormous growth opportunities in the global paper packaging market.

Considering the high-growth opportunities arising from the e-commerce industry and a large number of packaging applications of paper packaging formats, most of the manufacturers of paper packaging solutions in the developed, as well as in developing economies, are planning to expand their production capacities.

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The global paper packaging market is stipulated to witness a decent CAGR of 4.1% between 2022 and 2028, reaching US$ 463.3 Bn by the year 2028.The report includes a market research study on the global paper packaging market, which includes market assessment and trend analysis of different packaging types such as corrugated boxes, cartons, wrapping paper, inserts & dividers, bottle & cup carriers, cups & trays, clamshells, display packaging, bags & sacks, and tapes & labels.

Expanding Ecommerce Sector to Further Drive Paper Packaging Market

Manufacturers are developing paper packaging formats that are biodegradable and eco-friendly. Many paper packaging experts and consumer product companies are focusing on green packaging. Modern retail penetration is expected to boost the demand for paper bags.

Due to the demand for sustainable packaging, paper packaging manufacturers are increasingly using recyclable raw materials. Sustainable packaging plays a key role in maintaining the shelf life of the product along with decreasing the negative impact of plastic and chemical packaging on the environment.

Manufacturers and consumers are constantly looking for environmentally-friendly, sustainable, and easy-to-reuse packaging products. Lightweight paper packaging is captivating the attention of various industries through its numerous benefits. Many industries are witnessing advanced benefits with the adoption of lightweight paper packaging and several paper packaging format manufacturers are embracing it, as paper packaging can reduce energy and overall costs during production, as well as transportation, apart from its primary benefits such as lightweight and recycling efficiency.

Key Segments Covered In Paper Packaging Industry Research

Paper Packaging Market by Material Type:

Corrugated Board
Specialty Paper
Box-board/Carton Board
Kraft Papers
Molded Pulp

Paper Packaging Market by Packaging Type:

Corrugated Boxes
Cartons
Wrapping Paper
Bags & Sacks
Cups & Trays
Tapes & Labels
Others

Paper Packaging Market by Level of Packaging:

Primary
Secondary
Tertiary

Paper Packaging Market by End-use:

Food & Beverages
Tobacco
Healthcare
Personal Care & Cosmetics
Homecare & Toiletries
Electrical & Electronics
E-Commerce
Chemicals & Fertilizers
Other Industrial

Paper Packaging Market by Region:

North America Paper Packaging Market
Latin America Paper Packaging Market
Europe Paper Packaging Market
East Asia Paper Packaging Market
South Asia Paper Packaging Market
Oceania Paper Packaging Market
Middle East & Africa (MEA) Paper Packaging Market

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The paper packaging manufacturing process involves multiple stages, which range from designing, layout, die cutting, to waste recovery. The process requires machinery and equipment for emission control, cooking, pulp storage, and other such processes. Installation costs incurred by paper packaging manufacturers are quite significant and highly expensive. Moreover, the operation costs for running such paper packaging machinery and equipment are also considerably high, which continues to hamper the market growth, particularly in countries that are facing energy shortfall, such as Russia, Poland, and other countries in Europe.

The paper packaging market in the South Asian region is fragmented in nature with the presence of medium to large number of local players in the market. India represents the highest market value share in the South Asia paper packaging market and is expected to continue its dominance throughout the forecast period.

South Asia’s paper packaging market represents the highest CAGR in terms of value. The South Asia paper packaging market is expected to expand at a CAGR of 5.9% over the forecast period. Key players operating in the global paper packaging market include Smurfit Kappa Group Plc, Napco National Paper Products Company, Billerudkorsnas, International Paper Company, WestRock Company, Georgia Pacific LLC, Pratt Industries, Inc., DS Smith Packaging Limited, Stora Enso Oyj, and Mondi Group Plc among others, which have been covered in the strategic developments section of the report.

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Pails Market is reaching US$ 2.91 Bn at a gracious rate of 4.3% by the year 2032

Pails market to register 4.3% CAGR between 2022 and 2032. Overall sales of pails is slated to total US$ 2.91 Bn by the end of the assessment period. The consistently rising demand for plastic pails is expected to create conducive environment for the global pails market growth.

Plastic pails are a common primary packaging material used across diverse industries since they are inexpensive, lightweight, and long-lasting and can be used in various sectors such as paints and coatings, industrial chemicals, petroleum, lubricants, cleaning solvents, adhesives, food and drinks, agriculture, and related industries.

The pails market value is expected to surpass US$ 1.91 Bn in 2022. One of the primary growth factors fuelling the demand for plastic pails market is their ability to meet various needs such as storage, transportation, and dispensing in many industries. For instance, in the chemical industry, pails are used as a container with an airtight lid that helps prevent spills during liquid product transportation.

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The market therefore stands to benefit greatly from the agriculture sector since plastic pails are extremely compatible for storage of agricultural fertilizer due to their non-corrosive nature. Another factor fuelling the demand for pails is their use in professional painting jobs, where they can be used to safely transport heavy loads around a site.

Pail manufacturers are leveraging their in-house research and development capabilities to develop products that meet specific customer needs, such as smooth plastic pail surfaces and print-ability. This will allow brand owners to market their products by improving product attractiveness with increased storage capacity and longer shelf life.

Undoubtedly, manufactures’ demand for recyclable materials in packaging will increase in the years to come. Businesses are taking responsibility for sustainable growth, causing manufacturers opting for product offerings that are environment friendly and fulfil the packaging requirements. This is likely to boost the demand for pails in the years to come.

Key Takeaways from Pails market 

Many sectors, such as chemical and pharmaceutical, seek lightweight, robust, and low-cost packaging materials for shipping solid and liquid bulk materials. This is expected to drive the pails market at 4.3% CAGR.
China is expected to dominate the overall pails market, with a market share of around 20% throughout the forecast period.
The India pails market is projected to register a CAGR of 6.1% during the forecast period.
Paints and coatings sector will remain dominant end user of pails.
Plastic pails sales are expected to contribute maximum revenue within the global pails market.

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“As competition grows, market players are expected to focus on various strategies to gain competitive edge. Recent developments are indicating strategic collaborations and acquisitions as primary tactics undertaken by pail manufacturers to expand their regional footprint and portfolio,” says a lead analyst at FMI.

Paints & Coating is the Key Driver of the Pails market 

According to FMI, the primary factor encouraging sales within paint and coating industry is the surging demand for leakage-proof packaging of chemicals and paint materials. Also the focus on lightweight transportation is considerably high within the industry to lower transportation costs. This makes pails ideal packaging solution for the storage and transit of bulk materials, without adding much weight to transport.

The market for paint buckets is expanding at a rapid pace owing to rising architectural and infrastructure development in various nations. Focus on commercial construction activities, including the construction of malls, restaurants, and offices has resulted in increasing spending on paint. This is expected to create conducive environment for the growth of the market over the course of the forecast period.

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Pails Market Landscape

Greif Inc., Mauser Group N.V., Rieke Corporation, Berry Global Inc., M&M Industries Inc., Involvement Packaging Ltd. ,IPL Plastics, Inc., Plast Service Pack Company, Jokey Plastic Wipperfürth GmbH,  Corcoran Products, Pro-Western Plastics Ltd, Involvement Packaging Ltd., Affordable Plastics Llc, ,Viscount Plastics Ltd, Northern Container, United States Plastic Corp., are some of the leading market players.

These companies are adopting mergers and acquisitions as their key strategy to gain competitive advantage within the market.

Pails market by Category

By Material Type, pails market is segmented as:

Plastic
Metal

By End Use, pails market is segmented as:

Paints & Coatings
Inks, Dyes & Pigments
Petroleum & Lubricants
Agrochemicals & Fertilizers
Food & Beverage
Other Industrial

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Explore FMI’s Extensive Coverage on Packaging Domain

Plastic Pails Market Size: Plastic pails market is estimated at US$ 1,223.6 Mn in 2022 and is projected to reach US$ 1,743.1 Mn by 2030, at a CAGR of 4.5% from 2022 to 2030.

Industrial Pails & Drums Market Share: Global Industry Analysis, Size and Forecast, 2017 to 2027

Square Pails Market Demand: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027

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Luxury Packaging Market Future Scenarios, Growth and Analytical Insights – 2032

Packaging is a key element for luxury brands as it has a major role in identification and setting a brand value. The luxury brand manufacturers are strategically investing in packaging to enhance the brand image. The luxury packaging can be broadly classified as high street and pure luxury packaging based on the price of the product. Pure luxury packaging focuses more on the target audience while designing the packaging. In this case, each brand adopts a unique style of packaging. High street packaging focuses on the price of packaging and follows a particular trend such as use of lightweight and durable designs.

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Luxury product manufacturers are inclined towards sustainable development and hence are investing in biodegradable and environment-friendly packaging. Shredhouse, a UK-based supplier of luxury packaging material, has launched shredded paper made from recycled coffee cup paper. The coffee cup paper is manufactured by recycling the coffee cups, which are single-used. Arjowiggins Graphic, a French recycled papers manufacturing company, has manufactured recycled papers suitable for luxury packaging, which contains 60% to 100% recycled paper.Luxury Packaging Market: Drivers and Restraints

The luxury products market is expected to exhibit high CAGR during the forecast period, which is the major driver for the growth of global luxury packaging market. The increase in the number of product launches in fashion and cosmetic sector is anticipated to boost the growth of global luxury packaging market. The investments by luxury product manufacturers in sustainable development drives the need for innovation and technologies in luxury packaging, which is anticipated to boost the growth of global luxury packaging market. The rise in penetration of online retail and travel retail also contributed the growth of global luxury packaging market.

Luxury Packaging Market: Region Wise Outlook

The global luxury packaging market can be divided into five regions, namely North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA). North America holds major share in global luxury packaging market due to increase in sales of personal luxury products in the region. Europe holds the second position in global luxury packaging market due to increase in tourists spending on luxury product in the region.

There is an increase in number of flagship stores and online sales in Europe, which is anticipated to exhibit significant share in global luxury packaging market. APAC is expected to register high CAGR during the forecast period due to the increase in consumer spending in China, Japan and ASEAN. Chinese consumers have significant share in luxury spending and the euro depreciation is anticipated to fuel the luxury packaging market in the country. MEA is expected to register moderate CAGR during the forecast period because of expansion by global luxury manufacturers in the region.

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Luxury Packaging Market: Key Players

Some of the key players in the global luxury packaging market are as follows:

MW Creative Ltd.
Progress Packaging
Design Packaging, Inc.
HH Deluxe Packaging
WINTER&COMPANY AG
Ekol Ofset
DS Smith
Lucas Luxury Packaging
Pendragon Presentation Packaging Ltd.
Elegant Packaging

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, technology and applications.

The report covers exhaustive analysis on:

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

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of Latin America)
Europe (EU5 Countries, Nordic countries, BENELUX, Poland, Russia, Rest of Europe)
APAC (China, India, ASEAN, Australia & New Zealand, Japan)
MEA (GCC Countries, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Luxury Packaging Market: Segmentation

On the basis of product type, the global luxury packaging market can be segmented as follows:-

Rigid Box
Cartons
Bags
Slipcases
Folders

On the basis of packaging product, the global luxury packaging market can be segmented as follows:-

Perfumes
Cosmetics
Fashion and Eyewear
Wine and Alcohol
Pastries and Sweets

On the basis of end users, the global luxury packaging market can be segmented as follows:-

Food and Beverage Industry
Retail and Consumer Products Industry

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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Reusable Period Panties Market is Estimated to Top Nearly US$ 95.5 Mn in 2022

The reusable period panties market is expected to surpass a valuation of US$ 95.5 Mn in 2022, with sales growing at a 16.7% through 2032.

In order to address the need of menstrual hygiene among women and adolescent girls in rural areas, governments across various countries are taking initiatives and providing funds to promote the usage of menstrual products such as reusable period panties among women.

These initiatives are also launched to improve the availability and access to high quality menstrual products in rural areas, along with ensuring the safe disposal of products in an environmentally friendly way.

For instance, in 2018, UNICEF launched a campaign to promote positive menstrual hygiene in Pakistan and other countries in the Middle East and North Africa. Besides this, UNICEF is also promoting menstrual hygiene practices in Eastern and Southern Africa.

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Apart from this, other organizations such as World Vision International, UNFPA, etc. are actively undertaking several campaigns to promote menstrual hygiene and practices in underdeveloped regions.

Besides social organizations and agencies, commercial organizations are actively undertaking initiatives to spread awareness regarding menstrual hygiene practices. Saalt is one such brand that is extensively using social media to alleviate period poverty and taboos. Such developments are anticipated to augment the growth in the market over the forecast period.

Packaging heavily influences the brand identity, especially in the case of new products. The packaging solutions in the personal care industry have restructured into more safe, natural and practical formulas.

Since the entire idea of reusable period panties centres around sustainability, packaging carries paramount importance. Consequently, manufacturers are increasingly adopting discreet, innovative and sustainable packaging to comply with the consumer requirements, which is expected to drive sales of reusable period panties.

“Increasing preference for premium materials in reusable period panties to avoid infections is driving product innovations. In addition to this, growing focus on mentsural hygiene and personal care across various countries will augment the growth in the market over the forecast period,” says an FMI analyst.

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Key Takeaways:

Based on style, sales in the hipster segment are slated to increase at a 17.7% CAGR through 2032.
By size, the medium segment will account for 36.1% of the total market share in 2022.
In terms of absorbency level, demand in the high/super absorbency level segment will surge at a 18.4% CAGR over the assessment period.
By price range, the mass/economy segment will expand at a 17.5% CAGR through 2032.
By sales channel, demand in the online retailers segment will grow at a 20.7% CAGR over the forecast period.
The U.S. will continue dominating the North America reusable period panties market, with sales increasing at a 11.4% CAGR.
Demand in the U.K. will increase at a 11% CAGR, accounting for a dominant share in the Europe reusable period panties market.
India will emerge as a lucrative pocket in the South Asia reusable period panties market, with sales projected to grow at a 18.4% CAGR through 2032.

Who is winning?

Leading manufacturers of reusable period panties are investing in research and development and partnerships to launch products suitable for various demographics worldwide. Key players operating in the reusable period panties market are Dear Kate, Inc., WUKA, Essity AB, Flux Undies, Thinx Inc., Ruby Love, Elia Lingerie, Modibodi, Aisle, Saalt, The Period Company, Knix, Neione, Q&M, Anigan, Proof, Lovable, Blooming, Uniqlo, Aerie, and PINK (Victoria Secret) among others.

Global Reusable Period Panties Market by Category

By Style Type:

Boy Short
Bikini
Brief
Hipster
Others

By Size:

Small
Medium
Large

By Absorbency Level:

Heavy/Super Absorbency
Medium Absorbency
Light Absorbency
Super Light Absorbency

By Price Range:

Mass/Economic
Mid-Range
Premium

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Corporate Wellness Software Market is Projected to Register a CAGR of 6.4% CAGR from 2022 to 2032

The global Corporate Wellness Software market was valued at US$ 538 Mn in 2022 and is expected to reach US$ 1 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey. The Corporate Wellness Software Market is Projected to Register a CAGR of 6.4% CAGR from 2022 to 2032. As per the findings, revenue through large enterprises grew at a CAGR of 6.8% during 2015 – 2021.

Corporate wellness is no longer a fringe benefit provided by a small number of businesses. According to research sponsored by Rand Corp. and the US Department of Health & Human Services. Around 80% of companies with more than 50 or more employees offer a corporate wellness benefit. These bonuses are not only for employees. Corporate wellness initiatives can help companies cut down on absenteeism while also increasing productivity and employee happiness.

They can also lead to a favorable impact on a company’s bottom line, such as medical costs. For example, at the Los Alamos National Laboratory, fitness programs have decreased yearly healthcare premium increments to 2.5%, significantly lower than the national average of 7%.

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Encouragement of employees to live a healthy life has become relatively easy as technologies such as wearable devices and on-site sports become more popular. However, simply providing options to staff is not enough for a business health program to flourish. Before a program can be executed, it must first overcome a number of obstacles. However, the potential benefits for both organizations and people may make these obstacles worthwhile to overcome.

Competitive Analysis

Companies that provide employee wellness software are expanding their investment in research and development, which would be projected to boost demand for the software in the coming years. Some of the major companies like ComPsych, Wellness Corporate Solutions, Virgin Pulse, Provant Health Solutions, EXOS, Marino Wellness, Privia Health, Vitality Group, Wellsource, Inc., Central Corporate Wellness, Truworth Wellness, SOL Wellness, Well Nation, ADURO, INC., Beacon Health Options, Fitbit, Inc. are featured in the report.

Some of recent developments for Corporate Wellness Software Market are:

In November 2021, Virgin Pulse announced the acquisition of Welltok. After Welltok’s acquisition, its activation engine and Virgin Pulse’s daily involvement platform will help the firms’ combined 4,100 worldwide employer, health plan, and health system clients achieve improved health outcomes and lower costs. Integrating Welltok’customization and analytics abilities into Homebase for Health will provide clients and their respective demographics with substantially more value.
In October 2021, Privia Health Group, Inc., a physician integration company announced that it has expanded its presence in Texas in collaboration with Abilene Diagnostic Clinic, a self-governing, multi-specialty group practice with more than 30 providers and five care center locations. Privia Health Group, Inc. has expanded its footprint in Texas by partnering with Abilene Diagnostic Clinic.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Global Corporate Wellness Software Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Global Corporate Wellness Software Market across five regions (North America, Asia Pacific, Europe, Middle East & Africa and Latin America).

Market Segments Covered in Corporate Wellness Software Market Analysis

By Deployment:

On Premises
Cloud-based

By Application:

Large Companies
Small and Medium Sized Companies

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Check Related Links –

https://techplanet.today/post/cloud-firewalls-market-2022-share-development-by-companies-outlook-growth-prospects-and-key-opportunities-by-2032-says-fmi-analyst

https://tanmay4733.blogspot.com/2022/10/cloud-firewalls-market-current-and.html

https://anotepad.com/notes/fbcrpb3c

https://at.tumblr.com/rahulverma45/cloud-firewalls-market-2022-recent-trends-demand/93pqvsj9q5dk

https://www.spoke.com/topics/cloud-firewalls-market-2022-2032-global-analysis-size-share-incredible-growth-detailed-industry-analysis-and-business-prospects-fmi-6346919700d3e32124013af6

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Air Purifier Market is Likely to Secure US$12.3 Billion in 2022

The global air purifier market is expected to surpass a valuation of US$ 10 Bn in 2021. It is expected to grow at a CAGR of approximately 11.3% through 2031.

Over the past ten years, membrane technology has grown more and more common in air purifiers. To achieve effective air filtration, membrane filters are created by combining an electrospinning/netting method with a receptive substrate design. Air purifiers using ePTFE and UPE membranes have astonishing efficiency and pressure decrease.

As health awareness rises, people’s understanding of their fitness and health is growing. It is widely known that air pollution has a role in the development of respiratory diseases such acute respiratory infections and chronic obstructive pulmonary disease.

Because modern lifestyles, urbanisation, and industrialisation cannot be sacrificed, initiatives to lower emissions and improve air quality are becoming more popular. The most effective way to remedy poor air quality is air purifiers.

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The air purifier market has seen a lot of claims made by manufacturers in order to promote their brand and level up the competition. As a matter of fact, consumer purchase patterns are often influenced by company claims.

Producers and brand owners have focusing on improving efficiency and efficacy of their products to woo increasing number of consumers. LG, for example, stated that in 2020, it will produce a one-of-a-kind cover for the PuriCare Wearable Air Purifier that will use the company’s UVnano sterilisation technology to kill 99.99 percent of germs in under 30 minutes using UV-C LED rays.

Air Purifier Market Outlook Compared to Growth Registered in 2016-2020

The outbreak of the novel COVID-19 dampened sales prospects due to restrictions impos4ed on, which also caused disruptions in supply chains activities across various industries. Contrary to this, the unprecedented pandemic outbreak also made people more cautious about air they breathe.

The focus on disinfection and living in a hygienic environment was at its peak during COVID-19, which has helped the air purifier market to recuperate from the pandemic-induced restrictions.

In the coming years, the demand for air purifier will get stronger, especially as consumers exhibit higher willingness to maintain healthy indoor air quality. Driven by this, the global air purifier market will exhibit 11.3% CAGR between 2021 and 2031 in comparison to 8.5% CAGR exhibited in 2016-2020.

The demand for air purifier for home and offices is predicted to increase significantly over the forecast period. Increasing online penetration of leading air purifier manufacturers will also aid growth in the market.

High installation of air purifiers in schools, hospitals, and other institutions is likely to remain a chief growth driver. The demand from commercial sector will rise as well. More than 80% of the overall revenue from air purifiers is expected to come from the commercial sector. This is owing to manufacturers’ growing efforts to diversify their economies and develop innovative products.

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Key Takeaways from the Air Purifier Market Study

In terms of technology, HEPA filters account for a major share in the air purifier market. Demand in this category is expected to grow at a CAGR of 4.3% in 2020.
Leading companies in the air purifier market will cover nearly 42% of sales.
The U.S. will account for maximum demand in North America, sealing its dominance in the global market.
Demand in the U.K. will grow at an impressive pace, pushing overall growth in the Europe market.

“As competition continues soaring, market players are likely to focus on making air purifiers smarter. They are integration concepts of artificial intelligence to enable improve machine-human interaction,” says an FMI analyst.

Impact of COVID-19 on the Market

The current pandemic outbreak has created numerous challenges on the part of supply side and demand side. The temporary restrictions imposed by regional governments on the movement have impacted supply chains drastically. Besides this, the shift from discretionary spending to essential goods has further negatively impacted the market growth.

On the flip side, the change in consumer buying habits has encouraged a shift from store based retailing to online retailing, facilitating a wider market reach. This is expected to aid in the global market recovery.

Who is Winning?

Leading manufacturers of air purifier are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales growth of air purifier globally.

Major players present in the air purifier market are Koninklijke Philips N. V, LG Electronics Inc., Xiaomi Corporation, Afpro Filters B.V., Dyson Ltd., Godrej Appliances, Condair Group AG, Daikin Industries, Ltd., Honeywell International Inc., Whirlpool Corporation, Japan Air Filter Malaysia Sdn. Bhd., Hitachi Limited, Dyson Technology Ltd, and Panasonic Corporation among others.

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Global Air Purifier Market by Category

By Technology Type: