Market Research Blog – Page 10205 – New Product Development

Wine Cork Market Size & Share | Industry Trends Analysis Report for 2028

Consumers prefer to buy wines with cork stoppers. Cork demand has increased due to a larger proportion of wine being sealed with cork rather than being sold in bulk. The wine cork allows optimum control of oxygen transfer through the closure. The outer flexible skin of wine cork provides a traditional appearance.

The elastic property of the cork is influenced by its moisture content. The cork remains fairly elastic for insertion into the bottle within a moisture content. The cork stopper has exclusive distinctive qualities, which interact beneficially with wine. It contributes to developing its character, gives it authenticity and brings it value.

The cork stopper has unique capacities such as impermeability and resistance, which allows managing micro-oxygenation and flawlessly ensures a successful maturation and aging of the wine, while preserving its essence, flexibility etc.

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Global wine cork market: Key Developments

In October 2016, Helix packaging company, based in Carlton, Australia developed innovative cork system known as twist-to-open. The new twist-to-open system combines an ergonomically-designed stopper which is made from glass bottle and cork. This creates a high performing and sophisticated packaging solution for wine. Helix Packaging Company has combined all the benefits of cork and glass – quality, sustainability and premium image – with user-friendly, twist open, re-sealable convenience.

Global wine cork market overview

Worldwide wine cork production is estimated to be slightly less than 13 billion in 2017. The estimate includes agglomerated cork stoppers and champagne corks. Worldwide production of cork is estimated to be 3,075,000 tons in 2017.

Global wine cork market: Key players

Some of the key players in the global wine cork market are

Jelinek Cork Group,
Wine Enthusiast Companies,
Widgetco, Inc.,
Amorim Cork Composites S.A.,
Bangor Cork Inc.,
Keval Import Export private limited,
Waterloo Container Company,
M.A. Silva USA, LLC,
Helix Packaging,
Precision Elite limited company,
Elkem Silicones limited,
Allstates Rubber Inc. & Tool Corp.

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

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Global wine cork market: Segmentation

On the basis of product type, the global wine cork market has been segmented as

Natural Wine Corks
Ice Wine Natural Corks
Pore Filled Natural Wine Corks
Double Disc Corks or Twin Top Cork
Agglomerate Wine Corks
Synthetic Wine Corks
Regular Cork
Sparkling Wine Corks
Wine-Lok / Vinolok
Zork
Others

Natural cork is mostly used the global wine cork market. Its main objective is to preserve wine for long-term storage. Natural corks, the most popular and well-known, have been used for centuries due to the elasticity of their cellular structure. Natural cork is malleable to a certain extent, with the ability to contract and expand. It is almost airtight because some air is able to pass through natural cork, because microscopically there are holes inside the cork structure. This can be beneficial or harmful, depending on the type of wine that is stored.

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

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Paper Cushion Systems Market – Global Industry Analysis and Deeper Insights | FMI

Paper cushions are used for the protection of product during transportation and logistics. Paper cushions are made by twisting the sheet of paper sheets by paper cushion systems. The paper cushion systems are characterized by the mode of operation as semi-automatic, automatic, and manual.

Paper is one of the prominent choices of materials for protective packaging. The companies transporting bulk amount of goods from one place to another must ensure the safety and protection of the goods. The voids that remain after placing the product are filled by paper cushions to protect the product from moving and breaking.

Paper cushioning systems are the cheaper packaging systems as the cushions are made of paper. The market for the paper cushion systems is expected to grow during the forecast period owing to the demand from several industries such as food, beverages, automotive, electrical & electronics, among others.

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Global Paper Cushion Systems – Market Dynamics

The global market for paper cushioning systems is anticipated to grow during the forecast period due to several factors. The manufacturers are implementing the technology in the machines for ease in operation. Paper cushions are used for the protection of fragile items. Manufactures are inclining towards the development of fully automated systems for producing the paper cushions.

Paper cushions are used in several industries for the protection of various sensitive products during transportation. Paper cushions are used in the packaging of glass bottles to avoid any breakage during transit. Paper cushion systems are majorly used in the transportation and logistics industry. Paper cushions are also used in home care for packaging of the crockery articles.

With growing protective packaging industry, demand for paper cushioning systems is expected to increase. These reasons have positively contributed to the global market for paper cushion systems during the forecast period.

Global Paper Cushion Systems Market – Regional Outlook

Geographically, the global paper cushion systems market has been segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa and Japan.

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Global Paper Cushion Systems Market – Key Players

Some of the players operating in the global paper cushion systems market are

Ranpak Inc.,
Shanghai Greentide Packing Material Co., Ltd.,
FP International,
The Protective Packaging Company,
Pregis Paper Packaging Systems,
Storopack, Inc.,
Rapid Packaging,
Dallipak Banding Systems,

and many small and local players are contributing in the global paper cushion systems to a considerable extent.

Global Paper Cushion Systems – Market Segmentation

The global market for paper cushion systems is segmented on the basis of operation, on the basis of end-use industry.

On the basis of operation, the paper cushion systems are segmented as

Semi-automatic
Automatic
Manual

On the basis of the end use industries, the paper cushion systems are used by

Food
Beverages
Electricals & Electronics
Pharmaceuticals
Others

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Food Packaging Equipment Market: Overview, Data Updates, Reports Analysis & Forecast | FMI

Food packaging equipment manufacturers are facing highly demanding and rapidly changing competitive environment. Food packaging equipment is one of the most important part of global food industry. Packaging of food is necessary in order to deliver them to customers in a proper way.

Food packaging equipment carry out multiple functions such as wrapping, sealing, coding and filling in food packaging industry. Packaging of food products ensures the stability of food products throughout the supply chain.

Efficient food packaging can withstand wide range of temperature variation. Food packaging applications mainly comprises of bakery, confectionary, dairy products, poultry, meat and seafood, fruits & vegetables, convenience foods and others. Growth in technology has led to development of innovative food packaging products and equipment to maintain taste and flavor of food.

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The surge in urbanization and increase in number of people opting for on-the-go meals fuels the demand for food packaging equipment market. Increase in awareness among consumers regarding hygienic food product might propel the food packaging equipment market. Overall, the outlook for the global food packaging equipment is seems to be positive over the forecast period.

Global Food Packaging Equipment Market: Dynamics

The global food packaging equipment market is expected to expand on the backdrop of growing food processing industries across the globe. Variety of food products are now available in the market which required different packaging. It propels the demand for the specific kind of equipment.

This factor might rise the global food packaging equipment market growth over the forecast period. In food processing industry, equipment are required for case handling, cartoning, filling & dosing, labelling, coding, palletizing and various other tasks. This is expected to rise the global food packaging equipment market over the next decade.

Growing demand for innovative, attractive, and convenient to carry packaging among consumers and competition among manufacturers to provide efficient packaging to customers are factors that propel the market growth. Rise in purchasing power, and growing online market is expected to rise the global food packaging equipment market over the next decade.

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Global Food Packaging Equipment Market: Key Players

Few of the market players in the global food packaging equipment market are –

Bosch Packaging Technology,
Oystar Holding GmbH,
Multivac Inc.,
Nichrome India Ltd, IMA Group,
Ishida, Multivac, Inc.,
GEA Group among others.

Global Food Packaging Equipment Market: Segmentation

Global food packaging equipment market has been segmented as:

On the basis of product type used, the global equipment market has been segmented as:

Palletizer
Labelling & coding equipment
Filling & dosing equipment
Closing equipment
Wrapping & bundling equipment
Cartoning equipment
Others

On the basis of application, the global equipment market has been segmented as:

Dairy products
Meat, poultry & seafood
Bakery & confectionary
Cereals & grains
Beverages
Others

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Anti-counterfeit Cosmetic Packaging Market is expected to reach US$ 49.5 Bn By 2027

The global anti-counterfeit cosmetic packaging market is anticipated to grow from a projected worth of US$ 32.6 Bn in 2022 to US$ 49.5 Bn by 2027, expanding at a CAGR of 8.7%. About 21% of the world’s anti-counterfeit packaging market is made up of counterfeit cosmetic packaging.

To prevent this, companies are investing in advanced counterfeit and tamper-proof packaging solutions, incorporating a combination of smart and conventional technological enhancements. Special emphasis is laid on multifunctional packaging, widening growth prospects.

“Heightened awareness about safe packaging amongst consumers is prompting cosmetic companies to provide accurate product information, accelerating need for advanced packaging solutions,” says the FMI analyst.

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Key Takeaways from the Study

Global anti-counterfeit packaging market to expand at nearly 9% value CAGR from 2022-2027
Europe remains a lucrative market, Asia-Pacific expanding rapidly
By packaging format, bottles to capture over 45% of global revenue share by 2027
RFID detection to remain preferred anti-counterfeit packaging technology, registering a value CAGR of 9.5%
PET plastics to be preferred packaging material choice during the forecast period
High implementation costs may restrict growth, especially in small and medium scale enterprises

Demand Analysis of Anti-counterfeit Cosmetic Packaging from 2014 to 2021 Vs Market Projections for 2022 to 2027

“Innovative Technologies for Verification of Original Cosmetics Driving Demand for Advanced Packaging Solutions”

From 2014 to 2021, demand for anti-counterfeit cosmetic packaging increased at a CAGR of around 8%.

Counterfeiting remains a longstanding challenge for the global cosmetics industry. The market is flooded with fake cosmetics made from unscrupulous ingredients that can adversely impact the skin. This has necessitated investments in advanced packaging solutions.

Various innovative technologies have yielded credible results, substantially reducing cosmetics counterfeiting. Projections for anti-counterfeit cosmetic packaging products and solutions remain strong in spite of the ongoing COVID-19 crisis.

Market Structure Analysis

The global anti-counterfeit cosmetic packaging market is characterized by the presence of numerous regional and global level players.

Avery Dennison Corporation,
CCL Industries Inc.,
Zebra Technologies Corporation,
Honeywell International Inc.,
OpSec Security Inc.,
Uflex Limited
Label Makers Pty Ltd.
AlpVision SA
Authentix Inc.
Alien Technology Corp.

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The aforementioned players rely on product launches and inclusion of advanced virtual technologies. Moreover, they also rely on strengthening regional distribution frameworks to penetrate lucrative markets.

In 2021, Alien Technology Corp. introduced the Higgs TM 9-inch memory IC, a next-generation RFID semiconductor integrated circuits. This device offers precise memory retention and read reliability under the most hostile conditions. Additionally, the system does not require additional input software.

In January 2022, CCL Industries Inc. acquired Ibertex Etiquetaje Industrial S.L.U. and Eti-Textil Maroc S.a.r.l. AU. The acquisition was worth approximately US$ 19.6 million. In March 2022, the company acquired Flexpol Sp. Z.o.o.

More recently, in June 2022, Fozzy Group, one of Ukraine’s largest grocery retailers, implemented Zebra Technology’s mobility solutions, including Android mobile touch computers, handheld scanners and software security.

Key Segments of Anti-counterfeit Cosmetic Packaging Industry Survey

Anti-counterfeit Cosmetic Packaging Market By Technology :

RFID
Security Inks & Printing
Security Seals
Holograms
Mass Encoding
Barcode
Digital Encryption & Serialization

Anti-counterfeit Cosmetic Packaging Market By Packaging Format :

Anti-counterfeit Cosmetic Packaging for Bottles
Anti-counterfeit Cosmetic Packaging for Jars
Anti-counterfeit Cosmetic Packaging for Tubes
Anti-counterfeit Cosmetic Packaging for Sachets
Anti-counterfeit Cosmetic Packaging for Pumps & Dispensers
Others

Anti-counterfeit Cosmetic Packaging Market By Material :

Glass Anti-counterfeit Cosmetic Packaging
Paperboard Anti-counterfeit Cosmetic Packaging
Metal Anti-counterfeit Cosmetic Packaging
Plastic Anti-counterfeit Cosmetic Packaging
Polyethylene (PE) Anti-counterfeit Cosmetic Packaging
Polypropylene (PP) Anti-counterfeit Cosmetic Packaging
Polyethylene Terephthalate (PET) Anti-counterfeit Cosmetic Packaging
Others

Anti-counterfeit Cosmetic Packaging Market By Application :

Skincare
Hair Care
Makeup
Fragrance
Nail Care

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Stove Cover Market is Set to Experience Revolutionary Growth by 2031

The stove cover is a shield that protects the entire hot plate or individual gas stove according to user requirement. The need for better handle the mess happening inside kitchen room, to protect and enhance the shelf life of stove or hot plate, is making a stove cover a mandatory kitchen tool for every household.

Besides this, commercial usage such as hotels, restaurant/bar, individual cafes, and other institutions, are also rising the astonishing demand for stove cover market across the globe.

There are different print designs of stove cover available in the market which can also be customize for both household and commercial applications ranging from low to ultra-high prices, which is further anticipated to boost the demands for stove cover.

The most evident features of stove cover such as durable though lightweight, ease in handling, and fabulous print finishes makes stove cover one of the most attractive product of everyday life.

Besides its decorative feature, stove cover are come with an extra benefit of adding to the surface area whens the stove and hot plates are not in use.

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That can be a huge benefit for those who have a limited living space. Manufacturers are also providing large, customized stove covers for commercial applications that are ideal for food processors, restaurants, hotels and others.

All these factors, brings abundant of opportunities for stove cover companies and distributors to advertise their products for capturing unexploited regions of the globe.

Stove Cover Market: Dynamics

Increasing customers concern for kitchen hygiene and increasing spending on improving stove’s shelf life is significantly driving growth of the global stove cover market.

Arrival of new products in the market such as aluminum foil disposable stove cover, wooden cutting board cum stove cover is responsible for changing the demand side and supply side trends in the stove cover market across the world.

Moreover, an increase in the number of single person home across the globe have positively boosted the more demands for kitchen needs which in turn driving the global stove cover market.

On the other hand, increasing purchasing power and increasing urbanization in developing countries such as China, India, Mexico, Argentina, and others are expected to fuel growth of the stove cover market during the forecast period.

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Sometimes, the high prices of customized stove covers for commercial applications and lack of new product awareness amongst customers could emerge as the market limitation for stove cover up to certain extent.

Moreover, in these uncertain periods of COVID-19, the demand is declining for stove cover, as hotels, restaurant/bar, individual cafes, and other institutions have halted their activities as per government guidelines which generates major revenue share for stove cover market.

Stove Cover Market: Regional Outlook

Based on the geography, the stove cover market is categorized into North America, Latin America, Europe, East Asia, South Asia, MEA and Oceania. The consistent expansion of urbanization and booming e-commerce sector in South Asia and East Asia regions is likely to fuel the demand for stove cover in the coming years.

Besides, developed regions such as North America and Europe are expected witness striking demand in the stove cover due to better hygiene awareness in the people and adequate presence of prominent manufacturers in the regions is bolstering the demand for stove cover.

Oceania is also projected to register the notable market growth owing to sufficient presence stove cover manufacturers in the region.

Moreover, key players in the stove cover are penetrating their presence in Latin America and Middle East & Africa as these region provide opportunities owing to increasing disposable income to some extent.

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Stove Cover Market: Key Players

Some of the leading stove cover manufacturers are

RangeKleen Manufacturing
Stove Kraft Limited
BSH Home Appliances Corporation
Jin Zao Kitchen Equipment and Accessories
other local stove cover manufacturers.

Regional Analysis Includes

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

Stove Cover Market: Segmentation

By Basis of Material:

Ceramic
Wooden
Stainless Steel
Fabric

By Basis of Product Type:

Square
Rectangular
Circular

By Basis of Application:

Household
Commercial
Hotels
Restaurant/Bar
Institutions
others

By Basis of Distribution Channel:

Direct
Indirect
Supermarkets/Hypermarkets
Distributors
Individual Kitchen stores
Online Platforms

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Foodservice Paper Bags market is expected to reach a valuation of US$ 1.45 Bn by 2030

In its new market study, Future Market Insights (FMI) has forecasted that the global foodservice paper bags market will record healthy growth between 2020 and 2030, and will progress at a CAGR of 5.4%. Moreover, the study projects that the market will attain a global valuation of US$ 1.45 Bn by 2030.

In the recent past, rising concerns regarding alarming levels of pollution caused by plastic have compelled several nations to impose a ban on plastic materials. This is promoting foodservice providers to opt for sustainable packaging solutions, thus driving the demand for paper bags.

Along similar lines, the proliferation of online food delivery and the growing trend of on-the-way meals are positively influencing the adoption of paper bags in foodservice applications. As end-users seek packaging solutions that are strong and leakage-proof, manufacturers are emphasizing on innovation in product design.

“Market players are focusing on developing products with high tensile strength and better quality to gain an edge over their counterparts, plastic bags, which are stronger than paper bags,” remarks FMI analyst.

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Key Takeaways

Brown kraft-based paper bags are expected to account for more than 4/5th of market value, owing to their stiffness.
Non-handle bags will remain the most sought type, capturing nearly 2/3rd of market value, backed by their convenience and low cost.
On the basis of end-use, restaurants are poised to capture more than half of overall global value, ascribed to the rising trend of take-away.
Europe is projected to spearhead the regional landscape of the market, capturing more than 1/3rd of market value.
East Asia will prevail as the second most lucrative regions through the forecast period, holding a quarter of the market value.

COVID-19 Impact on Foodservice Paper Bags Market

The outbreak of COVID-19 is exhibiting a dual impact on the packaging industry and it clearly reflects in the demand for paper bags in the foodservice sector. As people across the world remain confined in their homes, packaged food has emerged as a solution for their food cravings.

With efficient online food delivery services in place, consumers are resorting to online orders. This will aid the demand for paper bags to sustain during the forecast period to an extent. However, the closure of restaurants and other food outlets coupled with limitations on the production front will pose a challenge to the steady growth of the market during the pandemic.

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Who is Winning?

Key players in the market are focusing on producing sustainable products to comply with the existing norms on packaging methodologies. Along similar lines, traditional growth strategies such as acquisitions, mergers, and expansions will continue to shape the competitive landscape. On these lines:

In 2019, Amcor launched a new recyclable packaging format that is capable of reducing carbon impact by 64%.

In the same year, Westrock company completed acquisition of KapStone Paper and Packaging Corporation with an intention to expand its product portfolio.

FMI’s report includes profiles of some of the most prominent names in the market including

WestRock Company,
Huhtamaki Oyj,
Paperbags Limited,
Novolex Holdings LLC,
Ronpak Inc.,
The Mondi Group LLC,
Amcor Ltd.,
Vegware Ltd.,
Stora Enso Oyj.,
Smurfit Kappa Group,
International Paper Company,
Georgia Pacific LLC,
Welton Bibby And
Baron Limited,
Biopac (UK),
United Bags Inc. and Global-Pak.

Foodservice Paper Bags Market Outlook by Category

By Material Type:

Brown Kraft
White Kraft

By Bag Type:

Handle Bags
Non-handle Bags

By End User:

Foodservice Outlets
Online Food Delivery
Institutional

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Corrugated Automotive Packaging Market is expected to surpass US$ 2.7 Bn by 2030

The market is anticipated to reach an estimated net worth of US$ 2.7 Bn by 2030, with consumption of corrugated automobile packaging expected to increase at a CAGR of 4.4% from 2022 to 2030. The market for corrugated car packaging now generates sales revenues of US$ 1.8 billion.

Electric vehicles (EVs) are becoming more popular, which will increase the use of electrical and electronic components in the automotive sector in the years to come. This will raise demand for corrugated automotive packaging. 2% of the world market for corrugated packaging is made up of corrugated packaging for automobiles.

According to the report applications of corrugated packaging will primarily find use for lighting components, owing to safety standards associated with electronic parts, with boxes remaining a popular option for efficient logistical supply chain operations. The market is expected to gain from industry acquisition and capacity expansion strategies and investments towards product development.

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In addition, continued demand for plastic and foam based corrugated packaging and increased niche applications for engine and battery components are likely to aid the industry for years to come. On the other hand, strict regulations about automotive component standards in terms of safety and the environment will restrict industry prospects. Also, high capital costs in the industry are expected to restrict market developments to large scale players.

The FMI report provides an overview of the industry, covering key dynamics in the market. Some of the top takeaways of the report include:

The corrugated automotive packaging market has been valued at over US$ 1.7 billion in 2019, and the growth rate of the market is likely to be strongly affected by the covid-19 outbreak, owing to lockdown restrictions on the manufacturing and automotive sectors
Corrugated boxes remain the preferred packaging format, owing to benefits in stacking, and efficiency in logistical operations from suppliers to end users
Packaging for automotive lighting will generate higher demand as that of batteries, engine components, filters, and electrical among others. Engine and battery packaging applications are likely to reflect faster growth owing to lower risk of accidental discharges

East Asia remains a leading market, supported by a vast automotive industry and numerous packaging material manufacturing facilities. Further, South Asia is also expected to be a key contributor on the back of demand from India, Indonesia, and Thailand.

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Consumption Analysis of Corrugated Automotive Packaging (2015 to 2021) Vs Market Predictions (2022 to 2030)

Shipments of corrugated automotive packaging products have seen a rise in demand over the past few years and this is due to increasing penetration of OEM (original equipment manufacturer) supply chain and automotive aftermarket on a global scale. The corrugated automotive packaging market rose at a CAGR of 4% from 2015 to 2021.

Increasing electrification of the automotive industry, rising demand for autonomous vehicles, stringent mandates for automotive packaging, increasing demand for customized packaging solutions for sensitive sensors and electrical components, changing packaging trends, and increasing demand for sustainable packaging are some major factors that influence corrugated automotive packaging consumption.

Competitive Landscape

Corrugated automotive packaging companies are investing in product development to offer optimized solutions for changing requirements from the automotive industry. Corrugated automotive packaging suppliers are also focusing on acquisitions and mergers to further expand their production capacity to meet increasing demand from multiple regions.

In January 2022, Franklin Mountain Capital announced the launch of Franklin Mountain Packaging which will be responsible for the production of corrugated sheets of traditional flute and micro-flutes and also provide high-quality digital printing.

Key Companies Profiled

International Paper Company
WestRock Company
Greif Inc.
DS Smith Plc
Smurfit Kappa Group Plc
Nefab Group
Elsons International
Orcon Industries
Sonoco Products Company
Mondi Group Plc
Sealed Air Corporation

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Key Segments of Corrugated Automotive Packaging Industry Survey

Corrugated Automotive Packaging Market By Product Type :

Corrugated Automotive Boxes
Corrugated Automotive Crates
Corrugated Automotive Trays
Corrugated Automotive Partitions
Corrugated Automotive Pallets
Corrugated Automotive Octabins
Corrugated Automotive PoP Displays

Corrugated Automotive Packaging Market By Layer Type :

Single Face Corrugated Automotive Packaging
Single Wall Corrugated Automotive Packaging
Double Wall Corrugated Automotive Packaging
Triple Wall Corrugated Automotive Packaging

Corrugated Automotive Packaging Market By Automotive Part :

Corrugated Packaging for Automotive Filters
Corrugated Packaging for Batteries
Corrugated Packaging for Engine Components
Corrugated Packaging for Lighting Components
Corrugated Packaging for Underbody Components
Corrugated Packaging for Electrical Components
Corrugated Packaging for Cooling Systems

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Hermetic Packaging Market is currently valued at around US$ 3.3 Bn, and is predicted to reach US$ 4.7 Bn by 2030

Over the forecast period of 2022 to 2030, the global hermetic packaging market is predicted to expand at a steady 4.3% CAGR, reaching a market valuation of US$ 4.7 Bn by the end of 2030, up from US$ 3.3 Bn in 2022.

Hermetic packaging market players are looking to consolidate their position by offering high-quality, yet cost-effective solutions to end-users, according to a new study by Future Market Insights. The market study tracks global hermetic packaging sales globally for the period 2022-2030

The hermetic packaging market is among the industries which are affected by the pandemic. However, this slowdown is expected to be moderate as demand for electronic goods such as smartphones and laptops is increasing in the wake of issuance of work from home guidelines.

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Key Findings from the Hermetic Packaging Report by FMI

The lion’s share of the market will be taken by transponder glass hermetic packaging.
Defense and military equipment demand is accelerating due to growing national security concerns, which is causing a proliferation of defence hermetic packaging.
The fastest-growing hermetic packaging solution will be ceramic to metal sealing.
Due to the growing demand for consumer electronics, China is expected to become a hub for hermetic packaging.

According to the FMI analyst, “Deeper adoption of smart technologies is likely to increase demand for smart devices, prompting companies to improve research capabilities to introduce reliable hermetic packaging solutions.”

Hermetic Packaging Demand Analysis (2015 to 2021) Vs Market Outlook (2022 to 2030)

Hermetic packaging is an elevated packaging technique used in active and passive electronic equipment, as well as in the electronics and semiconductor industries. Ultrasensitive electronics, such as laser diodes, sensors, and optoelectronic elements are protected from moisture and rust by hermetic packaging.

Environmental factors such as fluctuations in air pressure, moisture, dirt, and other risks that could harm electrical contacts or critical electronic components are also protected by hermetic packaging. Increasing the working life of electronic systems contributes to the reliable and safe operation of different medical and electronic products.

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Leading Hermetic Packaging Market Players

Some of the key players in the hermetic packaging market include,

AMETEK Inc.,
Amkor Technology Inc.,
Egide SA,
Kyocera Corporation,
Legacy Technologies Inc.,
Materion Corporation
Micross Components
SCHOTT AG
Teledyne Microelectric Technologies
Texas Instruments Inc.

AMETEK Inc. is a leading player in the hermetic packaging market. In 2017, the company expanded its electronic components and packaging business division by incorporating its Aegis, Glasseal, SCP, Hermetic Seal, Coining and Sealtron brands under a single umbrella.

With respect to solution offerings, Kyocera Corporation provides glass hermetic feedthroughs and connectors in the form of D-subminiature connectors and RF coaxial feedthroughs. These fittings are used for a variety of applications, ranging from scientific and technological equipment to semiconductor manufacturing equipment.

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Hermetic Packaging Market Key Segments

By Hermetic Seal Type

Epoxy Hermetic Seals
Glass-to-Metal (GTM) Hermetic Seals
Ceramic-to-Metal (CTM) Hermetic Seals
Glassware Sealing
PTFE Sealing Rings
O-Rings
PTFE Sleeves

By Configuration

Multilayer Ceramic Packages
Metal Can Packages
Pressed Ceramic Packages

By Application

Semiconductor electronics
Thermostats
Optical devices
Switches
Microelectromechanical Systems (MEMS)
Electrical or Electronic Parts

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Healthcare and Laboratory Labels Market | North America holds 30.1% of the market share

The global healthcare and laboratory labels market stands at US$ 9.2 Bn as of the year 2022 and is expected to be worth US$ 13.5 Bn at a CAGR of 4.9% between 2022 and 2030.

An influential Healthcare and Laboratory Labels Market report offers an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, and gross margin. This quality Healthcare and Laboratory Labels Market report is structured with full commitment and transparency in research about industry. With the help of market intelligence, industry experts assess strategic options, draw successful action plans and aid companies make critical bottom-line decisions. The market research data encompassed in Healthcare and Laboratory Labels Market analysis report is analysed and forecasted using market statistical and coherent models

Healthcare and laboratory labels market is projected to reach over US$ 13.5 Bn by 2030, with pharmaceutical industry being the end user at the growth forefront. Healthcare and laboratory labels market is projected to expand at CAGR of 4.9% during the forecast period (2020-2030).

The rising need for improved healthcare services has led to the development of new drugs and formulations and clinical research is forecast to play a prominent role in the growth of healthcare and laboratory labels market.

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Competitive Landscape

The healthcare and laboratory labels market is a fragmented market. The key players operating in the market are focusing on expanding their reach globally, diversifying their product portfolio, and rapid product development to gain competitive edge.

Pdc Healthcare has its V-Notch Secondary Labels with BD Vacutainer Plus Plastic Tubes. They make way for appropriate label placement every time.

Top Key Players Covered-

Avery Dennison Corporation
CCL Industries Inc.
3M Company
Multi-Color Corporation
UPM Raflatac Corporation
Brady Corporation
Sato Holdings Corporation
Weber Packaging Solutions, Inc.
Schreiner Group GmbH & Co. KG
Diagramm Halbach GmbH & Co. KG
The Aenova Group
Shamrock Labels
Medline Industries, Inc.
PlatinumCode
United Ad Label
Adampak Pte Ltd.
Advance Labelling Systems Limited
Majestic Labels CC
QLM Label Makers Pte Ltd.
Chicago Tag & Label, Inc.

Key Segments Covered in healthcare and Laboratory Labels Industry Research

Market By End-user :

Pharmaceuticals
Nutraceuticals
Medical Devices
Blood Banks
Hospital Services
Laboratories

By Region :

North America Healthcare and Laboratory Labels Market
Latin America Healthcare and Laboratory Labels Market
Europe Healthcare and Laboratory Labels Market
East Asia Healthcare and Laboratory Labels Market
South Asia Healthcare and Laboratory Labels Market
Oceania Healthcare and Laboratory Labels Market
Middle East & Africa (MEA) Healthcare and Laboratory Labels Market

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The Healthcare and Laboratory Labels Market report provides insights on the following Point:

Healthcare and Laboratory Labels Market Penetration: Provides comprehensive information on the market offered by the key players
Healthcare and Laboratory Labels Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
Healthcare and Laboratory Labels Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

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Orthopaedic Cushions Market Have a Lucrative Opportunity to Cater to Consumer Requirements

The orthopaedic cushions offer relief to back, neck and shoulder pain. The use of orthopaedic cushions relaxes and supports tailbone which results in improving postures and reduce stress and tension.

Orthopaedic cushions are ideal for home or office. They can also be used while driving or relaxing for a longer duration.

Orthopaedic cushions are likely to gain momentum due to increasing health issues and hectic work schedules which lead to long sitting hours.Orthopaedic cushions are padded with foam which promotes a better fit for back, neck and shoulder.

As stated by “acatoday.org”, one-half of the working Americans admit to having back pain associated symptoms every year.

Thus, comfort for the back has become an important concern for the majority of the population. This is anticipated to increase the demand for orthopaedic cushions in the forecasted period.

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Orthopaedic Cushions Market: Dynamics

Changing lifestyles and hectic schedule due to increased workload or travelling are the major factors driving the need for orthopaedic cushions.

Furthermore, consumers today are more health-conscious and take precautions before challenges arise. Orthopaedic cushions decrease pressure on tailbone and reduce the complications of sitting for longer hours.

Long working hours demand sitting at one position for longer duration which can trouble the health of professionals. Problems associated with back pain remains untreated, it can lead to disc sickness, herniated disc and spondylosis.

Therefore, manufacturers in orthopaedic cushions market have a lucrative opportunity to cater to consumer requirements.

Variety in material and orthopaedic cushions used for different problems can enhance customization. Furthermore, orthopaedic cushions are easily portable and versatile and would not take much storage space.

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Affordability and easy availability are prominent factors to boost the demand for orthopaedic cushions. Orthopaedic cushions with foam memory are highly preferred due to their ability to relieve pressure by providing body-hugging support and take away the tailbone load. This has a positive impact on the spine health of the user.

Furthermore, benefits of orthopaedic cushions including a reduction in pain intensity, improving quality of sleep and providing pain relief are anticipated to augment the growth of orthopaedic cushions market.

Orthopaedic Cushions Market: Regional Outlook

Asia Pacific region is likely to dominate the orthopaedic cushions market owing to increasing urban population. Rapidly growing IT sector demands for a long working duration which is likely to create challenges associated with health.

Furthermore, increasing disposable income leads to a better standard of living and surging demand for quality healthcare products for a wide population is anticipated to generate opportunities for orthopaedic cushions market.

North America is likely to have a significant share in the orthopaedic cushions market which is attributed to the growing usage of electronic gadgets and increasing working hours.

Orthopaedic Cushions Market: Key Players

The key players in the orthopaedic cushions market are:

Putnams Health
Lancashire Textiles Pillows
CosyCo
Smith Hillman
ADL International
AGIX Corporation
Euro Ausili
Albo Land
XXL Rehab
Direct Healthcare Group
Apex Medical
Direct Manufacturing
Sumed International

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

Regional Analysis Includes

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

Orthopaedic Cushions Market: Segmentation

The orthopaedic cushions market is segmented by material, end-use, function and distribution channels.

By Material:

Foam
Memory
Comfort
Gel
Others

By End-use:

Office
Home
Others (Car)

By Function:

Displacement
Support

By Distribution Channel:

Offline
Retail Outlets
Online
Company-owned web stores
E-commerce websites

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