Helium Gas Market Size Predictions: US$ 4.6 Bn by 2032

The global helium gas market is projected to reach a valuation of US$ 2.8 Bn in 2022. With demand growing at a 5.1% CAGR, the market size will reach US$ 4.6 Bn by 2032.

Helium is extensively used in the healthcare sector for various applications in recent days. Helium gas has physical and chemical characteristics such as high thermal conductivity, low solubility, and low density, which makes it an ideal element for many applications in the healthcare sector.

Along with this, helium gas is biologically inert and its neuroprotective capabilities make it  effective for adjunct therapy in many respiratory diseases such as asthma exacerbation, ARDS, COPD, bronchiolitis, and croup.

It is used to cool the coil of wire and to drop the resistance of wire close to zero in Magnetic Resonant Imaging (MRI) machines. There are many coils of wire which conduct electricity and generate a strong magnetic field in MRI machines.

Helium Ion Microscopy is a recently discovered application in pulmonary MRI radiology and imaging of organs, which is expected to create opportunities for growth for helium gas manufacturers.

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In addition to this, the consumption of helium gas in the metal fabrication and electronics industry is rising. In the metal fabrication industry, helium gas is used to increase the heat input in the process, which increases the productivity and the protection of the welding bath.

It is suitable for all types of welding such as TIG, MIG, MAG, plasma, and Laser. Increasing demand for metal fabrication products across various industries such as automotive, aerospace, defense, and manufacturing is anticipated to bolster the growth in the helium gas market.

Moreover, helium gas consumption is also increasing in electronic industry. It has several properties that it makes effective to be used in semiconductor manufacturing. A semiconductor is an important component in an electronic devices. It is extensively used in radio, television, cars, air conditioners, computers, mobile phones other electronic products which is expected to propel demand for helium gas in the forthcoming years.

“Increasing applications of helium gas in GPS systems, along with growing usage in nuclear plants and other electronic applications will fuel the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Based on applications, demand for helium gas in the electronics segment is slated to reach as valuation of US$ 404 Mn by 2032.
  • In terms of supply mode, sales in the cylinders segment are expected to remain high through 2032.
  • The U.S. will continue dominating the North America helium gas market, with total sales reaching a valuation of US$ 816 Mn by 2032.
  • China will emerge as a lucrative pocket, with total demand for helium gas reaching US$ 1.1 Bn by 2032.

Competitive Landscape

Air Liquide, Linde PLC, Matheson Tri gas Inc, Air Products and Chemical Inc.Air Gas INC., The Messer Group GMBH, Cryoin Engineering Ltd., Chengdu Taiyu Industrial Gases Co. Ltd., and various others are the some of the key manufacturers of helium gas profiled by FMI.

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Helium Gas Market by Category

By Supply Mode:

  • Cylinders
  • Bulk and Micro tanks
  • Drum tank
  • On site

By Application:

  • Healthcare
  • Manufacturing
  • Electronics
  • Leak Detection
  • Fibre Optics
  • Lifting Gas
  • Heat Transfer
  • Breathing Mixtures
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Neon Gas Market to Achieve A High CAGR of 7% During Forecast Period 2022-2032

Global demand for neon gas market is expected to increase at a 7% CAGR, reaching US$ 222.9 Mn in 2022. Increasing applications in semiconductors and lighting sectors will continue boosting the market, pushing the market size to US$ 439.1 Mn by 2032.

Growing adoption of neon gas in lasers for various applications including healthcare, sensors, and defence is expected to propel the sales of neon gas over the forecast period.  Neon gas is primarily used in the production of lasers along with other gasses. The lasers segment is expected to account for more than three-fourths of the neon gas produced globally. Growing usage of lasers in the production of various devices including sensors, lighting technologies, and defence equipment is expected to contribute to the growth in the market in the forthcoming years.

Ukraine is one of the largest suppliers of neon gas across the globe. The country is anticipated to cater to more than 70% of the global demand for neon gas with its abundant reserves. However, the ongoing invasion of the Russia over Ukraine has affected to production and supply chain.   This has resulted in a shortage in the supply of neon gas which has increased its prices to an extent. In response to this, manufacturers are increasing their production capacities to recover the supple of neon gas.

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However, the availability of neon gas is one of the primary concerns for the manufacturers. Low availability of the product causes a frequent shortage in supply causing spike in prices. This is compelling consumers to adopt cheaper solutions.  Argon Gas is an example of such an alternative. Argon gas is present abundantly and can be extracted with low-cost methods as compared to neon gas. The availability of cheaper alternatives is expected to hamper the overall growth in the market.

“Growing demand for neon gas in electric and electronics sector across the globe, along for technological advancements in the production of neon gas will augment the growth in the market over the forecast period,” says an FMI analyst. 

Key Takeaways:

  • Based on applications, sales in the lighting segment are slated to increase at a 6.1% CAGR over the forecast period.
  • In terms of supply mode, demand for neon gas cylinder is projected to increase at a 7% CAGR through 2032.
  • China will account for 83.1% of the East Asia neon gas market share, with sales growing at a 7.7% CAGR through 2032.
  • Germany will dominate the Europe neon gas market, holding 31.1% of the Europe market share over the forecast period.

Competitive Landscape

Air Products & Chemicals Inc., Air Liquide, The Linde Group, Axcel Gases, Mil-Spec Industries, Electronic Flurocarbons, LLC, Specialty Chemical Products Inc., Dakota Gasification Co., and Boc Gases Ireland Inc. are some of the leading players operating in the global neon gas market.

Key manufacturers are planning to expand their production capacities to fill the gap in the supply of neon gas owing to the Russian invasion.

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More Insights into the Neon Gas Market Report 

In its latest report, FMI offers an unbiased analysis of the global neon gas market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, its growth, and scope, the market is segmented based on application (lasers, electronics, lighting and others), supply mode (cylinders, bulk & micro bulk, drum tanks and on-site), and regions.

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Argon Gas Market worth US$ 372.2 Mn by 2032 at a CAGR of 5.4%

The global argon gas market is estimated to reach US$ 372.2 Mn by 2032, with demand growing at a 5.4 % CAGR over the forecast period.

Argon is extensively used in the healthcare sector for various applications. It has targeting areas with high precision capabilities making its effective for diabetic patients in retinal detachment and retinal phototherapy.

Along with this, it has the potential of a neuroprotective agent in the treatment of brain injuries such as vitro oxygen-glucose deprivation (OGD) and traumatic brain injury (TBI). Increasing use of argon gas in electrospray ionization mass spectrometry is anticipated to create opportunities for growth in the market over the forecast period.

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In addition to this, the consumption of argon gas in the metal fabrication industry and electronics sector is rising rapidly. In the metal fabrication industry, argon gas is used to create an optimized atmosphere and it’s used as a shielding agent because it does not react with other components in the air.

It creates a nitrogen and oxygen-free environment for the annealing and rolling process. The size and density of the argon molecule make it an ideal element for welding. New product developments, technological upgrades, and rapid urbanization across various countries will spur demand for argon gas for metal fabrication in the construction sector.

Moreover, surging demand from the electronics sector will augment the growth in the market over the forecast period. It is used as a carrier gas for semiconductor manufacturing processes. Argon gas prevents reactions and protects the silicon crystal that is formed on the wafer. Rising demand for smartphones, laptops, televisions, solar PV cells, and other electronic products will continue driving sales in the market.

Despite of wide applications of argon gas, its separation is difficult owing to its diffusive and adsorptive properties. Companies are adopting cost-effective, reliable, and operationally flexible solutions for the production of argon gas.

“Growing adoption of argon gas in the healthcare and lighting sectors, along with technological advancements in the production and supply of rare gases across the globe will create prospects for growth in the market,” says an FMI analyst.

Key Takeaways:

  • In terms of applications, sales of argon gas in the lighting segment are projected to increase at a 4.4% CAGR over the forecast period.
  • The U.S. will continue dominating the North America argon gas market, with sales growing at a 4.3% CAGR through 2032.
  • Germany will account for a lion’s share in the Europe argon gas market, with total demand reaching a valuation of US$ 16.8 Mn by 2032.

Competitive Landscape

Air Products, Airgas, Air Liquide, Messer, American Gas Products, Linde, Praxair Technology, Inc., SOS gases Inc, Specgas Inc., Mil Spec Industries, Toll Gas Inc, Nova Gas Technologies Inc., and Boc Gases Ireland Inc. are some of the key manufacturers of argon gas profiled by FMI.

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More Insights into the Argon Gas Market Report

In its latest report, FMI offers an unbiased analysis of the global argon gas market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, its growth, and scope, the market is segmented based on supply mode (cylinders, bulk & micro tanks, drum tanks, on-site), application (metal production and processing, electronics, lighting, and others), and region.

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

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Xenon Gas Market- This is How Leading Companies Are Dominating the Global Market

According to Future Market Insights (FMI), growing demand for rare gases across the globe for various applications is bolstering the growth in xenon gas market. Sales are expected to be driven by expansion of aerospace and aircraft industry, technological developments, and rising healthcare and research expenditure.

Applications of rare gases, including, xenon gas, is increasing at significant rates in the healthcare industry. As xenon gas is used as a neuroprotective and anesthetic agent, in diagnostics and other, the demand is projected to surge over the forecast period.

Further, xenon gas is used in the treatment of various respiratory illnesses. Also, ongoing research and development in healthcare industry is anticipated to create lucrative growth opportunities for the xenon gas market.

However, there are several health concerns linked with the usage of xenon gas, including nausea, dizziness, vomiting, and even death if swallowed in large doses. Xenon gas has been linked to mental instability and tiredness in rare circumstances. Increasing use of xenon gas as anesthetic has been linked to side effects such as hypertension, nausea, and vomiting.

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Asphyxia can result in nausea and vomiting, as well as prostration and loss of consciousness, convulsions, a profound coma, and death. All these factors are expected to impact the growth of xenon gas market during the forecast period.

Key Takeaways from the Market Study

  • Xenon gas sales are expected to reach a value of US$ 239.6 Mn by the end of 2032.
  • By supply mode, the cylinders’ segment is expected to grow at a CAGR 0% over the next decade.
  • In 2022, North America is expected to remain one of the key market for xenon gas, accounting for a share of 6%.
  • Due to satellite propulsion application, the aerospace & aircraft category is estimated be the prominent end users of xenon gas.
  • China is expected to lead the East Asia xenon gas market over the forecast period of 2022 and 2032.

Competitive landscape

The global xenon gas market is estimated to be a highly concentrated market with a few numbers of industry participants such as Matheson Tri-Gas, Inc., Messer Group GmbH, American Gas Products, Air Liquide, The Linde Group, Air Products & Chemicals, Inc., and Air Water Inc. accounting for a key share. Globally, key market participants are projected to maintain a competitive environment by acquisitions and mergers, collaborations and expansion strategies.

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Key Segments Covered in Xenon Gas Industry Research

By Supply Mode:

  • Cylinders
  • Bulk & Micro Bulk
  • Drum Tanks
  • On-Site

By End-use Industry:

  • Healthcare
  • Aerospace & Aircraft
  • Automotive &Transportation
  • Electrical & Electronics
  • Manufacturing Processes
  • Construction

About Future Market Insights (FMI)

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

Contact:

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Medical Device Packaging Market Latest Advancements and Business Opportunities 2027

The adoption of medical device packaging solutions has witnessed a substantial rise, due to the rise in demand for flexible packaging and microbial packaging worldwide. Additionally, increasing efforts by governments in various countries, especially in developing regions such as South and East Asia, to provide basic healthcare facilities to the middle-class group is estimated to create substantial demand for the medical device packaging solutions.

Moreover, the rising demand for monitoring & diagnostic equipment to treat severe chronic diseases globally is contributing to the market growth of medical device packaging. The medical device packaging market is anticipated to register an impressive CAGR of 5.3% annually through 2027.

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Key Takeaways of Medical Device Packaging Market Study
By application, disposable consumables are anticipated to capture nearly half of the market share during the next eight years. The rapidly rising demand for medical device packaging solution to pack and seal variety of disposable consumables such as needles, syringes, and wraps contributes significantly to the market growth.

Bags & pouches and clamshell blister packs are projected to dominate the global device packaging market and hold nearly 2/3rd portion of the market share at the end of 2027. By raw material segment, Polyethylene (PE) plastic enjoys a consistent demand for manufacturing medical device packaging solutions, owing its key benefits such as pricing efficiency, light weight, and recyclability.

North America and Europe are expected to account for a significant portion of the medical device packaging market share. Rapid expansion of healthcare industry in these regions is driving the growth of medical device packaging market in these regions.

“Manufacturers of medical device packaging can achieve significant profits by targeting APEJ and Europe regions, attributable to the rising demand for flexible medical packaging solutions in diagnostic centers, hospitals, and research institutes in these regions,” says FMI analyst.

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Green Packaging Gaining Traction in Medical Device Packaging Market
Prominent medical device packaging manufacturers are recognising the necessity of sustainable and cost effective packaging solutions. Prominent manufacturers across the globe have already shifted their focus towards sustainable packaging, especially towards flexible packaging, to reduce the carbon footprints released by various medical device packaging solutions. Along with that, the rising trend of “green design packaging”, especially in the healthcare and pharmaceuticals industry, is ultimately contributing to the growth of the medical device packaging market. Moreover, these leading medical device packaging manufacturers are enhancing its manufacturing capabilities by expanding production units.

For Instance, April 2022, Amcor plc., launched AmLite, an ultra-recyclable and high-barrier flexible packaging solution for the pharmaceuticals and healthcare industry. The company reports that this newly developed packaging solution can reduce a pack’s carbon footprint by up to 64%.
For instance, In November 2022, Nelipak Corporation, another manufacturer of medical device packing has expanded its manufacturing operations in Humacao, Puerto Rico. This enabled the company to strength its manufacturing capabilities and effectively cater to the end user demand.

About The Medical Device Packaging Market Report
Future Market Insights, in its new offering, offers an unbiased analysis of the global medical device packaging market, analyzing historical demand from 2012-2021 and forecast statistics for 2022-2027. The study provides growth projections on the medical device packaging market on the basis of packaging type (bags & pouches, containers, trays, stick packs, clamshell blister packs, boxes and other (flow wraps etc.), raw material (PE (HDPE, LDPE & LLDPE), PET, PP, PS, PVC, aluminium, glass, paper laminates, fabric and others (PLA, PHA etc.), application (disposable consumables, monitoring & diagnostic equipment and therapeutic equipment), end user (medical manufacturing, contract packaging and others), across seven regions.

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About Us:

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

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Bubble Wrap Packaging Market Analysis by Size, Share, Growth, Trends up to 2029

Future Market Insights delivers vital insights on the bubble wrap packaging market in its published report titled, “Bubble Wrap Packaging Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019-2029”. In terms of revenue, the global bubble wrap packaging market is projected to expand at a CAGR of ~3% during the forecast period, owing to numerous factors upon which FMI offers thorough insights and forecasts in this report.

The global bubble wrap packaging market has been segmented on the basis of product, material, end-use industry, and region. The global market is expected to expand 1.4x in terms of market volume by the end of 2029.

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Noteworthy Progression of Bubble Wrap Packaging in the e-Commerce Industry

Bubble wrapis a flexible and transparent plastic material used for the packaging of especially delicate items. Regularly spaced, protruding air-filled hemispheres (bubbles) provide cushioning for breakable items. Bubble wrap packaging is widely used in a number of end-use industries such as e-Commerce, manufacturing & warehousing, logistics, and transportation. The extensive application of bubble wrap packaging is identified in e-Commerce industry, and it is anticipated to increase at a CAGR of ~4% during the forecast period.

The retail industry has witnessed huge makeover in every sectors. Consumers are getting more inclined towards online purchasing due to rising consumers’ discretionary income and reluctance to spend more time on shopping. This leads to the steady progress in the e-Commerce industry.

  • Growing number of online resellers are motivating players such as Amazon and Target to come up with the best packaging formats to undercut rivals and offer cheaper, faster shipping with special packaging methods. Proetctive packaging and air pillows are favored means of protection, especially for online orders, thereby significant contributing to the growth of the bubble wrap packaging market.

According to study conducted by Pregis Corporation & Packaging Insights, it has been concluded that 73% of consumers are unlikely to repurchase from the company after receiving damaged items. Packaging is especially taken care of by all manufactures as they are focused on consumers’ needs and don’t want to lose them either. This would lead to surge in demand for bubble wrap packaging, as protective packaging plays a vital role to retain online customers and enhance the brand image of the company.

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East Asia to Hold Prominent Share in the Bubble Wrap Packaging Market

  • Geographically, Asia holds nearly one-third of the world’s bubble wrap packaging market, and the trend is likely to continue in the years ahead, especially in the East Asia market. In addition, China and India are major markets, which are expected to witness high Y-o-Y growth in upcoming years.
  • Opportunity for the bubble wrap packaging market is likely to be less in the European region as compared to other global markets. Most of the governments in European regions are encouraging end users to prefer recyclable or degradable materials for packaging. This has motivated manufacturers including Vereinigte Papierwarenfabriken GmbH, Storopack Hans Reichenecker GmbH, Goldfoam Sp. o .o., and Sealed Air Corp. to develop greener bubble wrap packaging. Thorough research and innovation has led to develop iBubble wrap packaging, which is an eco-friendly product.
  • Countries in South Asia, especially India and Thailand markets are expected to grow at a significant rate in comparison to other countries in the region. In Europe, Benelux market is anticipated to witness a higher growth in the bubble wrap packaging market, while Italy is anticipated to face sluggish growth in bubble wrap packaging market in the region. Oceania, Latin America, and MEA regions are expected to cumulatively constitute one-sixth of the total share in the global bubble wrap packaging market. The Oceania bubble wrap packaging market is anticipated to remain steady in the upcoming years.
  • The North American bubble wrap packaging market is expected to witness sluggish growth. However, Latin America is projected to witness consistent growth in the bubble wrap packaging market in upcoming years, with the Mexico bubble wrap packaging market holding a prominent share due to its developing economy and high chance of market expansion in years ahead.

Recyclable Content in Bubble Wrap as an Additional Value

Leading manufacturers’ choice includes addition of 25-60% recycled content in the bubble wrap packaging to reduce its environmental impact. Recyclable bubble wrap packaging will help manufacturers to maintain their foothold in the evolving protective packaging industry. The rise in awareness of drawbacks of plastic consumption and its non-disposable property have motivated manufactures to opt for recyclable packaging methods, especially for fragile products.

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Key Segments Covered In Bubble Wrap Packaging Industry Research

By Product:

  • Bubble Sheets
  • Bubble Bags/mailers

By Material:

  • LDPE
  • HDPE
  • LLDPE

By End-use:

  • Manufacturing & Warehousing
    • Pharmaceuticals
    • Electronics & Electricals
    • Automotive & Allied Industries
    • Food & Beverages
    • Cosmetics & Personal Care
    • Others (Agriculture, Healthcare etc.)
  • e-Commerce
  • Logistics & Transportation

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

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In-mold Labels Market Expectations and Growth Trends Highlighted Until 2031

Through 2031, the need for in-mold labels will continue to grow, creating intense rivalry. According to the survey, the top 5 in-mold label suppliers would control 15% of the global market by 2021. In 2020, the worldwide in-mold labels market accounted for 3% of the US$ 42 billion global label market. According to a Future Market Insights (FMI) analysis on the in-mold labels market, global in-mold label consumption will rise 3.2% year over year (YoY), reaching US$ 1.1 billion in 2021.

These labels are therefore highly preferred in food and pharmaceutical packaging.  In-mold labels can also be customized according to the customer requirements in terms of sizes and specifications. They are manufactured from plastics and paper material which can be recycled, thereby, offering sustainable labelling solutions.

Future Market Insights forecasts that manufacturers have impressive opportunities to capitalize on, especially as demand is likely to increase in food, beverages, pharmaceuticals, personal care & cosmetics, and other industries.

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Key Takeaways from In-mold Labels Market

  • By process, the injection moulding segment is anticipated to remain dominant. It is estimated to hold around 70% of the total market share by the end of 2031.
  • Based on material, polypropylene (PP) will remain most preferred for in-mold label manufacturing.
  • Offset printing will remain the preferred in-mold label process, creating incremental opportunity of US$ ~152.5 Mn during 2021-2031.
  • By end use, food, beverage, and pharmaceuticals industries will account for around 83% of the market share.
  • Within North America, sales of in-mold labels will remain the highest in the U.S.
  • Germany is expected to account for nearly one-fifth of in-mold labels sales in Europe by 2031.

 “The rising demand for product safety and improved graphics of labels among the industries such as food, beverages, pharmaceuticals, personal care & cosmetics, and others will fuel the demand for in-mold labels. The “no label look” of in-mold labels is expected to push their sales through the forecast period” says an FMI analyst.

Elimination of the Gluing Step to Create High Demand for In-Mold Labels

The labels applied with glue have the risk of falling off from the product or container as the temperature or weather conditions change. This not only leads to the defect in the labelling but also affects the product safety in terms of the various specifications mentioned on the product label. In-mold labels are attached to the container with the help of in-mold label films with excessive heat and then pressed inside the walls of the container.

This eliminates the gluing step and thereby makes the labelling process easy. This not only eliminates the gluing process but also enhances the graphic properties of the label. The gluing process in label adherence is time consuming. Also it makes the packaging vulnerable to temperature or weather changes. Alternatively, in-mold labels are preferred as more viable labelling options.

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In-mold Labels Market Landscape

  • CCL Industries Inc.,
  • Constantia Flexibles Group GmbH,
  • Coveris Holdings S.A.,
  • Avery Dennison Corp.,
  • Multicolor Corporation,
  • Fuji Seal International Inc.,
  • Huhtamaki Oyj,
  • Korsini Ambalaj San Tic. A.S.,
  • Walle Corporation,
  • Duratech Industries Inc.,
  • Tasus Corporation, Canyon Graphics Inc.,
  • Admark Visual Imaging Limited,
  • Aspasie Inc.,
  • General Press Corporation,
  • John Herrod & Associates Pty Ltd.,
  • Serigraph Inc.,

Smyth Companies LLC, Hammer Packaging Corp., and Inland Label and Marketing Services LLC. are leading players in the market. The Tier 1 players hold 15-20% in the global market for in-mold labels.

In-mold Labels Market by Category

By Process:

  • Blow Molding
  • Injection Molding
  • Thermoforming

By Material:

  • Polypropylene (PP)
  • Polyethylene terephthalate (PET)
  • Polystyrene (PS)
  • Polyethylene (PE)
  • Barrier
  • Paper & Others

By Printing Method:

  • Gravure
  • Flexo
  • Offset
  • Screen
  • Digital
  • Others

By End-use:

  • Food
  • Beverage
  • Pharmaceuticals
  • Domestic Care
  • Personal Care & Cosmetics
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa (MEA)

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In-mold Labels Market Report 

Future Market Insights, in its new report, offers an unbiased analysis of the global market for in-mold labels, analyzing historical demand from 2014-2020 and forecast statistics for 2021-2031. The study reveals market growth projections on the in-mold labels based on process (blow moulding, injection moulding and thermoforming), material (PP, PET, PS, PE, Barrier, Paper & Others), printing method (gravure, flexo, offset, screen, digital and others), and end use (food, beverage, pharmaceuticals, domestic care, personal care and cosmetics, others), across seven regions. 

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

Contact Us:

Future Market Insights Inc.

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Produce Packaging Market Is Set to Experience Revolutionary Growth by 2031

According to the report by Future Market Insights, the global produce packaging market will register a moderate CAGR during the forecast period. The overall sales in the market is expected to surpass US$ 33 Bn by 2021. Increasing awareness regarding the healthy food products and growing incidence of food-borne illnesses are propelling the demand for fresh food products. Coupled with this, growing consumption of meat-free and gluten-free food products will create a conducive environment for sales.

The growing environmental concerns and stringent government regulations regarding the use of plastic have improved the demand for sustainable paperboard and corrugated boxes for produce packaging. In order to capitalize on this trend, key companies are focusing on developing sustainable and innovative produce packaging solutions.
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For instance, in September 2021, Jujo Thermal announced the launch of Shieldplus, a game-changing recyclable fiber-based barrier material for food produce packaging. These products provide a sustainable solution for packaging of dry, moist and fatty foods, which also has excellent barrier properties to protect the contents and to maintain their quality.
A plethora of such developments will aid the growth in the produce packaging market over the coming years. Against this backdrop, FMI estimates, the global produce packaging market is poised to expand at 4.4% CAGR between 2021 and 2031.

Key Takeaways from FMI’s Produce Packaging Market Study
In terms of packaging type, plastic containers are projected to exhibit fastest growth through 2021
Re-packers end-use segment will account for nearly 50% of global market share through 2031
China and Japan are identified as the key producers and exporters in the global produce packaging market
South Korea produce packaging market represented nearly 7% of sales in global market between 2020 and 2021
“Key players in produce packaging market are collaborating with e-commerce food stores and local retail stores to gain competitive edge. In order to gain competitive edge, market players are focusing on developing compact and sustainable produce packaging solutions, which also meet the requirement from retail stores,” says the FMI analyst.

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Competitive Landscape
As per Future Market Insights,
Mondi Group,
Amcor PLC,
Berry Global Inc., and
Ball Corporation
are identified as the top 4 players in produce packaging market. These players are expected to contribute around 8%-10% of global market revenue in 2021.

Key companies operating in produce packaging market are focusing on sustainability and introducing recyclable and eco-friendly packaging to attract consumers. Also, some of the players are introducing new launches to strengthen their global footprints.

Produce Packaging Market by Category
Application:
Food Grains
Vegetables
Fruits

End User Type:
Growers/Shippers
Re-packers
Retail Stores

Packaging Type:
Corrugated Boxes
Bags & Liners
Plastic Containers (Cups, Tubs, Bowls etc.)
Trays
Other Packaging (Plastic Film, Molded Pulp Containers, Wooden Crates etc.)

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Table of Content

1. Global Produce Packaging Market – Executive Summary

2. Global Produce Packaging Market Overview

2.1. Introduction

2.1.1. Global Produce Packaging Market Taxonomy

2.1.2. Global Produce Packaging Market Definition

2.2. Global Produce Packaging Market Size (US$ Mn) and Forecast, 2021-2031

2.2.1. Global Produce Packaging Market Y-o-Y Growth

2.3. Global Produce Packaging Market Dynamics

2.4. Supply Chain

2.5. Cost Structure

2.6. Pricing Analysis

2.7. Raw Material Sourcing Strategy and Analysis

2.8. List of Distributors

2.9. Key Participants Market Presence (Intensity Map) By Region

3. Global Produce Packaging Market Analysis and Forecast By Packaging Type

3.1. Global Produce Packaging Market Size and Forecast By Packaging Type, 2021-2031

3.1.1. Corrugated Boxes Market Size and Forecast, 2021-2031

3.1.1.1. Revenue (US$ Mn) Comparison, By Region

3.1.1.2. Market Share Comparison, By Region

About Us:

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

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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Multi-Depth Corrugated Box Market Demand, Scope and Future Estimation until 2031

The global multi-depth corrugated boxes market is bound to create decent strides at a CAGR of 6.4% between 2022 and 2031, reaching US$ 1,614.2 Mn by the year 2031.

These boxes are cut down to the required size and height of the package is adjusted as per the size of the inside product. Ease of customization during packaging is a fueling factor for the growth of multi-depth corrugated boxes market across various regions.

The demand for multi-depth style corrugated boxes is rapidly increasing, as these boxes save valuable storage space when the sides of the boxes are folded as per the need without using special carton sizing tool. The food and beverages industry accounts for maximum sales of corrugated boxes.

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Key Takeaways of Multi-Depth Corrugated Boxes Market Study

  • Driven by rising demand from various industries, the multi-depth corrugated boxes market is forecast to exhibit 6.4% CAGR between 2021 and 2031
  • Within North America, the U.S. is expected to account for over 91% of the sales
  • The U.K. is projected to register negative growth at -0.8% in 2021 following COVID-19 outbreak. Recovery is on card 2022 onwards
  • The demand from Germany and France is expected to remain high through the forecast period
  • China will continue dominating sales in East Asia, while demand from Japan and South Korea is projected to rise at a positive rate

“Most of the secondary packaging material goes directly to waste bins, ending up in landfills or water bodies. With soaring protests against hazardous packaging waste polluting the eco-system, manufacturers and consumers both are concerned about reducing their share of toxic waste generated. Sustainability factor of multi-depth corrugated boxes has been favouring their sales in response to the increasing demand for environment-friendly packaging” says an FMI analyst.

Demand for High Performance Packaging

Development in packaging material is an important factor enabling growth in the packaging market. High-performance packaging has been developed with robust barrier characteristics and intelligent components. Adapting new changes in packaging material is intended at extending the shelf life of the product.

High-performance packaging material includes high barrier material, intelligent packaging, and nanotechnology. High-performance boxes are mostly manufactured from composite and recycled material to maintain sustainability. These boxes are capable of meeting various requirements to provide effective and ideal packaging solution.

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The rising demand for light-weight and product-apt packaging has led to immense growth in the demand for multi-depth corrugated boxes in the market. Corrugated packaging is affordable, convenient, and offers required strength. Heavy-duty corrugated packaging is in high demand due to the rise in transportation and usage of bulky goods like heavy machinery and components for various industries. Double and triple-layer corrugated boxes are highly customized and designed as per customer requirements.

Who is winning?

Georgia-Pacific LLC, International Paper, DS Smith Packaging Limited, Oji Holdings Corporation, Pratt Industries, Inc., Acme Corrugated Box Co. Inc., Great Little Box Company Ltd., A.D. Inc. of Milwaukee, WestRock Company, Smurfit Kappa Group Plc, Uline, Inc., Shillington Box Co., LLC. are some of the leading players in the multi-depth corrugated boxes market.

Key Segments Covered in Multi-Depth Corrugated Boxes Industry Research

Multi-Depth Corrugated Boxes Market by Capacity Type

  • Up to 80 lbs
  • 80 to 180 lbs
  • 180 to 300 lbs
  • Above 300 lbs

Multi-Depth Corrugated Boxes Market by Board Type

  • Single Wall
  • Double Wall
  • Triple Wall

Multi-Depth Corrugated Boxes Market by Strength

  • Normal (Below 32 ECT)
  • Standard (32 ECT)
  • Heavy Duty (44 ECT)
  • Heavy Duty Double Wall (48 ECT)

Multi-Depth Corrugated Boxes Market by End Use

  • Food & Beverages
  • Consumer Electronics
  • Home Care & Personal Care
  • Textiles
  • Glassware & Ceramics
  • Automotive
  • Others

Multi-Depth Corrugated Boxes Market by Region

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

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About Us:

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

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

LinkedIn| Twitter| Blogs

Multi Pocket Holders Market – Global Industry Analysis and Deeper Insights | FMI

Packaging manufacturers are focusing rendering ease in product and material handling. One such form of packaging product which is widely gaining traction in the packaging industry is displayed, holders. Among display holders, the multi-pocket holders are showcasing a high demand in emerging regions.

Multi pocket holders are used in office, institutional, hotels, and multiple end-use industries. Traditionally, wood and glass were the primary choices of the material of multi pocket holders but over the last decade with innovation in the use of polymer resins has enhanced the design and display feature of multi pocket holders market.

Growth across end use industries such as institutional, food & beverage and others is correlating a high demand for multi pocket holders market. Moreover, use of sustainable resin material is fueling the demand for plastic multi pocket holders. Multi pocket holders manufacturers have an immense presence in APEJ market, whilst the consumption is highly demanded by North America and Europe market.

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Global Multi Pocket Holders Market – Market Dynamics

The driving factors for displays are increasing need for branding and promotion across end use industries. Manufacturer are increasingly accenting for the use for envelope, business cards and brochure which is accelerating the use multi pocket holders market. Also, polyvinyl resin is a high preferred choice of raw material for multi pocket holders which is comparatively cheaper in cost and appropriate to produce on a large scale.

On the flip side, rigid regulation across the North America and Europe market on the use of polymer resins is causing a restraining factor for multi pocket holders market.

Global Multi Pocket Holders Market – Market Segmentation

On the basis of product type, global multi pocket holders market is segmented into multi brochure holder, multi envelope holder, multi pocket business card holder and others. On the basis of  end use industry, global multi pocket holders market is segmented into food & beverage, personal & cosmetic, pharmaceutical & healthcare, institutional, hotels, others. On the basis of material type, global multi pocket holders market is segmented into plastic and glass material.

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Global Multi Pocket Holders Market – Regional Outlook

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding Japan (APEJ)
  • Middle East & Africa (MEA)
  • Japan

The global multi pocket holders market are monopolized across the region of APEJ and Europe market. ASEAN countries accounting for a significant portion of market share of global multi pocket holder market.

Regions of the Middle East and Latin America is witnessing a promising growth in multi pocket holders market. Multi pocket holders market is extensively dominated by domestic manufacturer operating in countries of China and India. Manufacturers focus on producing bulk multi pocket holders in order to achieve economics of scales.

Multi Pocket Holders Market – Key Players

Some of the key players operating in the global multi pocket holders market include

  • Adflair India,
  • Plastic Design & Manufacturing, Inc.,
  • Packzen,
  • G.D. Enterprises

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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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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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