Pharmaceutical Industry Applies Tamarind Extract In Its Production Due To The Health Benefits It Offers To Consumers-FMI

Tamarind extract is an essential food additive with a distinctive flavor. It is used in a variety of food products to improve taste and flavor. The beverage industry employs the services of tamarind in juice production due to its coolant property. Tamarind has many health befitting features ranging from antifungal to antimicrobial to antioxidant then antiseptic.

Tamarind is used in the cosmetic industry to produce skin hydrating and bleaching agents, which are necessities in every household. The growing demand for healthy food products among consumers is the key factor fueling tamarind extract worldwide. Health-related issues such as common cold, conjunctivitis, indigestion, and others are diseases that tamarind fights.

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Tamarind extract is also helpful in blood purification. The antioxidant property of tamarind is a significant growth driver for the global market as research has shown it’s essential in combating cancer and the strengthening of the immune system.

Furthermore, the growing demand for natural ingredients is estimated to create a surge in demand for the tamarind extract market during the forecast period due to the ever-increasing awareness regarding the negative impact of artificial or synthetic product

Tamarind Extract Market Growth Driven by Growing Population Size of Health Conscious Consumers

Over the years, there has been an enormous demand for tamarind extract due to the burgeoning demand for natural food products or ingredients with impressive health benefits. Tamarind is used in several industries such as the food and beverage, cosmetic and personal care product, and pharmaceuticals.

The pharmaceutical industry applies tamarind extract in its production due to the health benefits it offers to consumers. Tamarind is a rich source of fiber, vitamin C, and some other nutrients. It’s used in boosting the immune system and the prevention of cancer. With the rising awareness among consumers regarding the food safety property offered possessed by tamarind, the market is expected to grow exponentially during the forecast period as demand is expected to increase.

Chemical preservatives like lactic acid, benzoic acid, and ethanoic acid are substituted by tamarind due to consumers’ preference for natural preservatives ahead of synthetic ones.

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Increasing the application of tamarind extract in the various end-user sector is expected to drive the industry forward over the forecast period. The cosmetic industry uses tamarind to produce skin and hair treatment products because of its antifungal and antimicrobial properties. Alcoholic beverages like vodka, wine, and whiskey contain tamarind extract because of flavor it imparts in food and beverages.

Tamarind Extract Market Restraint

Tamarind extract market is expected to witness a decline as governments’ stringent regulation is a strong force anticipated to hamper the industry’s growth during the forecast period.

Tamarind Extract Market: Region-wise Analysis

The global tamarind extract market in the Asia Pacific is expected to grow faster due to the rising per capita consumption of natural products in the region. Thailand and Indonesia top the chart as countries with the highest per capita consumption of tamarind. These countries are significant exporters of tamarind since their land is fertile for cultivation. Latin America is expected to grow significantly during the forecast period due to the growing demand for tamarind from the cosmetic and personal care products industry. Europe and other regions are expected to register moderate growth over the forecast period.

Tamarid Extract Market: Competitive Landscape

The global tamarind extract market is competitive with few major players operating in it. Leading players in the industry are merging with local players to expand their products to regions where they are absent. Key players such as

  • Magma Foods
  • Kanegrade Limited
  • Shimla Hills
  • MoonLite
  • Xi’an Victory Biochemical Technology Co., Ltd.
  • Abc International
  • Baaeco V Food Ltd.
  • Jadli Foods (India) Pvt. Ltd.
  • Abdullabhai Abdul Kader
  • Revata Food Products Pvt Ltd

Region-wise Analysis

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.

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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, 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.

Tamarind Extract Market Segment Analysis

The global tamarind extract market can be segmented on the following basis:

By Form

  • Powder
  • Paste

By End Use

  • Cosmetic
  • Food and Beverage
  • Pharmaceutical
  • Household

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By Distribution Channel

  • Supermarket/Hypermarket
  • Specialty Stores
  • Commerce
  • Grocery Stores
  • Direct

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Stick Packaging Market will grow at a modest CAGR during 2022-2030 assessment period

FMI has lowered its growth prediction for worldwide stick packaging sales in the wake of the COVID-19 epidemic. Following this slowing, a moderate CAGR has been anticipated. Increased uses in food and medicinal items are expected to keep demand high.

The packaging industry is undergoing a paradigm transition on a worldwide basis, with demand for flexible packaging solutions gaining traction. The future growth curve of stick packaging is anticipated to be shaped by this tendency. This is in response to the increased demand for low-cost packaging options.

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Plastics made of polypropylene are expected to maintain their popularity.

Throughout the projected period, plastic packaging materials generated from biaxially oriented polypropylene (BOPP) are expected to outperform all other materials. Less weight, less damage during transit, moisture prevention, and environmental friendliness are all factors contributing to their growing popularity. BOPP films have a lower electrostatic charge as well.

Paper packaging, on the other hand, is gaining traction. Paper packaging tubes, like BOPP, are incredibly light, allowing manufacturers to save a lot of money on packing. Paper is also extremely biodegradable and recyclable. Paper-based packaging solutions are being used in a variety of end-use industries, including food and beverage and cosmetics.

The global stick packaging market is dominated by the following prominent vendors*:

  • Amcor Plc.
  • Glenroy, PrintPack Inc.
  • Sharp
  • Aranow
  • Naturelle Ltd.
  • Nellson Anahem
  • GFR Pharma Ltd.
  • Catalent Inc.
  • Hearthside Food Solutions LLC
  • Assemblies Unlimited Inc.
  • Lithotype
  • Fresco Systems USA Inc.

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The market’s growth trajectory is caused by a number of factors, which are examined in depth in the study. The research also identifies the market restraints that are providing a threat to the worldwide Stick Packaging market. This report is the result of a combination of primary and secondary research, and it includes market size, share, trends, and forecasts for major segments and sub-segments while taking macro and micro environmental aspects into account. It also assesses suppliers’ and buyers’ bargaining power, the threat of new entrants and product substitutes, and the level of competition in the market.

Impact of COVID-19 on Stick Packaging Market :

COVID-19 is an unparalleled global public health emergency that has affected almost every industry and its long-term impact is expected to impact the industry growth over the forecast period. Stick Packaging Market Reports provide insight into COVID-19, taking into account changes in consumer behavior and demand, purchasing patterns, rerouting supply chains, current market dynamics, and significant government interventions. The updated study provides insights, analysis, estimations and forecasts considering the impact of COVID-19 on the market.

Global Stick Packaging Market Segmentation:

Key Segments

Material

  • Plastic
  • Polyethylene (PE)
  • Polypropylene (PP)
  • EVOH
  • Polyamide (PA)
  • Polyethylene Terephthalate (PET)
  • Others
  • Paper
  • Aluminum
  • Others

Capacity

  • Up to 5 ml
  • 6 ml to 10 ml
  • 11 ml to 15 ml
  • Above 15 ml

Product Form

  • Granules
  • Powder
  • Liquid
  • Semi Solid (Viscous)

End Use

  • Food
  • Sauces & Dips
  • Salt & Sugar
  • Spices & Condiments
  • Tea & Coffee
  • Others
  • Personal Care & Cosmetics
  • Shampoo & Conditioners
  • Face Packs & Gel
  • Hair Oil
  • Others
  • Pharmaceuticals (Cream & Ointments)
  • Industrial
  • Other End Use

Global Stick Packaging Market research report offers:

  • Market definition of the global Stick Packaging market along with the analysis of different influencing factors like drivers, restraints, and opportunities.
  • Extensive research on the competitive landscape of global Stick Packaging
  • Identification and analysis of micro and macro factors that are and will effect on the growth of the market.
  • A comprehensive list of key market players operating in the global Stick Packaging market.
  • Analysis of the different market segments such as type, size, applications, and end-users.
  • It offers a descriptive analysis of demand-supply chaining in the global Stick Packaging market.
  • Statistical analysis of some significant economics facts
  • Figures, charts, graphs, pictures to describe the market clearly.

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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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Sport Caps and Closures Market is expected to surpass US$ 1.5 Bn by 2030, likely to Grow Moderately at 4.5% CAGR

The market for sport closures and caps, which was valued at US$ 1 billion in 2022, is expected to grow to US$ 1.5 billion by the end of 2030. This industry analysis predicts that sales of sport caps and closures will grow at a CAGR of 4.5% from 2022 to 2030.

The demand for caps and closures of all kinds has grown significantly over the past several years as the global consumption of packaged foods and beverages has increased. In 2021, shipments of sport caps and closures were 1.3% of the global market share for caps and closures.

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Key Takeaways

  • Screw closures account for two-third share owing to their proven efficiency to offer effective sealing to the containers.
  • Plastic-based sport caps and closures remain the top-selling variant, despite regulations and blanket ban
  • Sport caps and closures with a diameter ranging between 21 mm and 30 mm are poised to account for more than 50% of market value.
  • North America is projected to remain the most lucrative region through the assessment period, accounting for nearly 1/3rd of market value, backed by the presence of leading players
  • Europe will prevail as the second most lucrative region, holding a quarter of the market value.
  • East Asia and South Asia are foreseen to collectively capture over 1/4th of global value by the end of 2030.

“Market players are focusing on making products eco-friendlier to comply with the environmental regulations in place and are opting for recycled and recyclable plastic raw materials to achieve the same,” remarks FMI analyst.

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COVID-19 Impact on Sport Caps and Closures Market

The COVID-19 pandemic has led to muted demand for non-essential packaging solutions and sport caps and closures are no different.

Sporting events and fitness centers have remained crucial factors driving the demand for sport caps and closures, where they are used to store sports drinks, energy drinks, steel beverages, and water, among other beverages. The cancellation of major sporting events and shut-down of fitness centers to contain the outbreak are expected to create a contraction in demand during the pandemic.

On the supply side, disruptions such as hindered productions, workforce shortages, disturbances in delivery networks are leading to a plummet in production volume, thus adversely impacting the overall growth.

Demand Survey Of Sport Caps And Closures (2015 To 2021) Vs Market Estimates (2022 To 2030)

Consumption of sport caps and closures over the past few years saw a steady rise as they were predominantly being used to seal water bottles and other beverages. Demand for multiple beverages like healthy drinks, spirits, non-alcoholic beverages, etc., has increased and driven sport cap and closure sales, which rose at a CAGR of 3.9% from 2015 to 2021.

Increasing consumption of beverages across the world, rise in popularity of RTD (ready-to-drink) beverages, increasing demand for use of sustainable caps and closures, and stringent regulations regarding the use of plastics in packaging are some of the major factors that will influence the sport caps and closures market potential through 2030.

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Key Segments Of Sport Caps And Closures Industry Survey

Sport Caps and Closures Market By Cap Type :

  • Screw Closures
  • Snap Closures
  • Push & Pull Closures
  • Others

Sport Caps and Closures Market By Material :

  • Plastic Sport Caps and Closures
    • Polypropylene (PP) Sport Caps and Closures
    • Polyethylene terephthalate (PET) Sport Caps and Closures
    • Polystyrene (PS) Sport Caps and Closures
    • Polyethylene (PE) Sport Caps and Closures
    • Others Plastics
  • Metal Sport Caps and Closures
    • Steel Sport Caps and Closures
    • Tin Plate Sport Caps and Closures
    • Aluminium Sport Caps and Closures

Sport Caps and Closures Market By Diameter :

  • Up to 20 mm Sport Caps and Closures
  • 21-30 mm Sport Caps and Closures
  • 31-40 mm Sport Caps and Closures
  • Above 40 mm Sport Caps and Closures

Sport Caps and Closures Market By Region :

  • North America Sport Caps and Closures Market
  • Latin America Sport Caps and Closures Market
  • Europe Sport Caps and Closures Market
  • East Asia Sport Caps and Closures Market
  • South Asia & Pacific Sport Caps and Closures Market
  • Middle East & Africa (MEA) Sport Caps and Closures Market

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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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Packaging Laminates Market is expected to reach US$ 5.9 Bn in 2022, likely to surge at a vigorous 5% CAGR 2022-2030

The laminate packaging market is a high-quality packaging solution with uniformity and high puncture resistance. Strong sealing strength and improved blocking properties.

Features such as high puncture and tear resistance, long shelf life and improved aesthetics are driving adoption of custom packaging solutions. Based on these trends, Future Market Insights (FMI)  predicts that the global   packaging laminate market  will reach $9 billion by 2030.

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The demand for effective packaging solutions has taken center stage across key industry sectors. Reliance on traditional glass- and metal-based packaging is becoming less and less, and more flexible and lightweight packaging materials such as PP, paper and aluminum foil are preferred.

Increasing adoption of flexible packaging solutions

As research and development (R&D) activity increases, suppliers have successfully introduced packaging solutions that can extend the shelf life of products and provide a convenient user experience. Major industries such as pharmaceutical, food and cosmetic are increasingly adopting lightweight packaging solutions, increasing their growth prospects for the future.

Corona 19 Impact Insights

The COVID-19 pandemic has caused major slump in several end-use industries due to disruptions to production cycles amid strict lockdowns. Decreasing industrial production has also hampered demand for packaging laminates in key areas. However, demand is mostly maintained in the food and pharmaceutical industries.

Recycling and disposal issues hindering growth

The environmental impact of polymers significantly hinders the growth of the packaging laminates market. Over the years, demand has shifted to multi-layer packaging due to desired features, thickness and increasing application. Packaging Laminate provides multi-layered metallic and non-met

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Highlights of Packaging Laminate Study

  • Europe and East Asia jointly dominate the market, accounting for nearly 40% of the revenue share.
  • The food industry witnesses the largest application of packaging laminates, accounting for more than half of the overall market share.
  • Aseptic packaging to replace growth in aseptic packaging, accounting for more than 50% of sales
  • Registering Incremental Opportunities Worth $1.6 Billion by 2030
  • Global Packaging Laminate Market to Register a Value CAGR of ~5% in 2020-2030

Competitive Information

Packaging Laminate players rely on strengthening their regional distribution networks and expanding their product portfolios by providing industry-specific packaging solutions. Besides, they also rely on acquisitions and collaborations with rival players.

For example, Mondi Group Plc is generating significant revenue by targeting industrial and consumer packaging needs. The product portfolio includes textile wrapping paper, wrapping paper, consumer wrapping paper and uncoated premium paper.

Key Segments Of Packaging Laminates Industry Survey

Packaging Laminates Market By Material:

  • Aluminium Foil
  • Paper and Paperboard
  • Metallized PP
    • Metallized BOPP
    • Metallized OPP
    • Metallized CPP
  • Metallized PET
  • Metallized PA
  • Metallized PE
  • Metallized PVC
  • Others (PVC, EVOH, etc.)

Packaging Laminates Market By Thickness:

  • Up to 30 Micron Packaging Laminates
  • 30-45 Micron Packaging Laminates
  • 45-60 Micron Packaging Laminates
  • Above 60 Micron Packaging Laminates

Packaging Laminates Market By Application:

  • Aseptic Packaging
  • Non-Aseptic Packaging

Packaging Laminates Market By End-use Industry:

  • Packaging Laminates for Food
    • Salty Snacks
    • Confectionery
    • Tea & Coffee
    • Ready to eat Foods
    • Meat, Poultry, & Seafood
    • Fruits & Vegetables
    • Others
  • Packaging Laminates for Pharmaceuticals
  • Packaging Laminates for Cosmetics & Personal Care
  • Others

Packaging Laminates Market By Region:

  • North America Packaging Laminates Market
  • Latin America Packaging Laminates Market
  • Europe Packaging Laminates Market
  • East Asia Packaging Laminates Market
  • South Asia & Pacific Packaging Laminates Market
  • Middle East & Africa (MEA) Packaging Laminates Market

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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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Adhesive Films Market is expected to reach US$ 96.6 Bn by 2030, expanding at a CAGR of 4.6%

The global Adhesive Films Market is expected to experience strong growth in the coming years. It is projected to reach US$ 96.6 billion by the year 2030, growing at a CAGR of 4.6%. Adhesive films are versatile and highly effective products that are used in a wide range of applications across a variety of industries. They play an important role in holding different materials together while also providing cushioning, protection, and other desirable properties.

These films are used in radio frequency identification (RFID), LED lighting, aerospace electronics, construction, handheld computing, consumer electronics, and automotive electronics.

These are made up of materials such as polyethene, polyvinyl chloride, polypropylene, polyvinyl acetate, and polyvinyl butyral. Adhesive films are employed in the electronics industry to hold information labels and warning labels. These adhesives are also used as protective insulation wrap. Similarly, packaging industries use these adhesives to increase the safety of packaging material.

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Adhesive films form a permanent structural bond with the attaching surface after undergoing the curative process and offer strong resistance under harsh environments such as high temperatures.

Factors such as stringent government norms to lower carbon emissions by reducing vehicle weight and demand for fuel-effective automobiles drive the growth of the adhesive film market. Furthermore, developments in electrical & electronics, automotive & transportation, packaging, and medical industries also boost the adhesive film market growth.

Moreover, extensive use of adhesive films in the automotive industry for reinforcement plates, door hinge washers, and bracket attachments is another factor that fuels the market growth.

In addition, adhesive films are used for many other purposes such as in LED lighting, solar energy, defence & aerospace, and food & beverages packaging, which serves as a growth factor for the market. However, volatility of raw material prices and environmental regulations related to volatile organic compound emissions from adhesive films restrain the growth of this market.

Leading Companies Profiled in Adhesive Films Market are:

  • 3M Company
  • BASF SE
  • Avery Dennison Corporation
  • Klockneer Pentaplast Group
  • CCL Industries
  • Toray Industries
  • Irplast S.p.A.
  • Cosmo Films Ltd.
  • TEKRA, LLC
  • H.B. Fuller Company

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In addition, high manufacturing costs, complexity in production, and product customization further confine the market growth. However, the production of bio-adhesive films is expected to serve as a lucrative opportunity for the market during the forecast period.

The global adhesive film market is segmented ones of film material, technology, end-user industry, and region. Based on film material, it is divided into polypropylene, polyvinyl chloride, polyethene and others. Others include materials such as polyurethane, polyesters, and ethylene-vinyl acetate. The polyvinyl chloride segment was the highest contributor to the market and the polyethene segment is expected to grow with the highest CAGR during the forecast period.

Key Segments Covered In Adhesive Films Industry Research

Adhesive Films Market by Material:

  • BOPP
  • PVC
  • PE
  • PA
  • Others

Adhesive Films Market by Adhesive Type:

  • Acrylic
  • Rubber
  • Silicone

Adhesive Films Market by Application:

  • Labels
  • Tapes
  • Graphic Films

Adhesive Films Market by End-use:

  • Electrical & Electronics
  • Building & Construction
  • Automotive
  • Aerospace
  • Logistics
  • Others

Adhesive Films Market by Region:

  • North America Adhesive Films Market
  • Latin America Adhesive Films Market
  • Europe Adhesive Films Market
  • East Asia Adhesive Films Market
  • South Asia Adhesive Films Market
  • Oceania Adhesive Films Market
  • The Middle East & Africa (MEA) Adhesive Films Market

By technology, the adhesive film market is classified into water-based, solvent-based, hot melt bonding film, pressure-sensitive and others. The other technologies include self-cured, chemical-cured, and heat-cured.

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The water-based segment was the highest contributor to the market and pressure-sensitive segments are expected to grow with the highest CAGR during the forecast period. Depending on the end-user, the market is classified into electrical & electronics, aerospace, automotive & transportation and others.

The other end-users include furniture, footwear, and construction. The automotive and transportation segment was the highest contributor to the market and the electrical and electronics segment is expected to be the fastest growing during the forecast Region-wise wise.

The global adhesive film market share is analysed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, the UK, and the rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and Rest of LAMEA).

The Asia-Pacific is expected to exhibit a faster growth rate during the forecast period, owing to an increase in consumer electronics demand. Moreover, cheap labour availability and favourable government policies in India and China have encouraged manufacturers to shift their manufacturing base to these countries.

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Plastic Sterilization Trays Market – The plastic sterilization trays market is likely to record a strong CAGR of 7.7% during the forecast period. The plastic sterilization trays market is currently valued at US$ 14.86 Bn in 2022 and is likely to reach US$ 31.20 Bn by 2032.

Base Paper Market – The base paper market is likely to record a strong CAGR of 1.75% during the forecast period. The base paper market is currently valued at US$ 302.66 Bn in 2022 and is likely to reach US$ 360 Bn by 2032.

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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:

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The market for Foamed Plastics is expected to reach US$ 84 Bn by 2030, expanding at a CAGR of 5.8%

Foamed Plastics Market in Asia Pacific is anticipated to dominate with market value share of ~48% in the global market. According to Future Market Insights, the global foamed plastics market is expected to witness an overhaul by reaching US$ 84.2 Bn by the year 2030 at a CAGR of 5.8% between 2022 and 2030.

Rising e-commerce platforms coupled with the need for protective packaging offer lucrative opportunities to the manufacturers of foamed plastics. The global market for foamed plastics is anticipated to gain significantly as demand for safe storage during transportation remains consistent.

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Foamed plastics have gained significant traction among the various packaging materials as it provides safe and shockproof packaging to delicate and luxurious products during transit.

They are reusable, which makes them an apt choice for protective packaging applications. Such packaging solutions have brought about a significant change in the way goods are packed and shipped across continents. Thus, growing import and export, booming e-commerce, and globalization are expected to boost the demand for foamed plastics.

Additionally, foamed plastics are also useful for providing thermal insulation, which makes them important in the construction industry. Their low maintenance requirement has truly made them popular across the construction industry.

Key Takeaways from Foamed Plastics Market

  • The polyurethane (PU) foams as a material likely to experience unmatchable demand in the foamed plastics market, especially from the transportation industry
  • The packaging segment is estimated to account for more than 30% by value of the market share in 2020, owing to the increasing demand for food packaging in Asia Pacific
  • As per sales channel, direct sales estimated to expand by 1.6x of its current market value till 2028
  • Asia Pacific is expected to outpace other regions and to represent an incremental opportunity of US$ 20 Bn by the end of 2030, with the presence of a large number of foamed plastic manufacturers.

E-commerce to Boost Demand for Foamed Plastic

In the era of digitalization, multiple channels are likely to be available to consumers to make varied purchases, increasing chances of transportation of goods. This rise of e-commerce is expected to boost demand for foamed plastics that is used for protective packaging.

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Right-sized foamed plastic packaging solutions are used to protect products from jerks and sudden impacts while shipping them across different geographical regions. Growth of e-commerce will go up due to convenience offered by online sellers, rising income levels, and the advent of technology in the form of smartphones and the internet. Penetration of e-commerce channels in developing countries such as India and China are expected to create lucrative opportunities for the market.

The vast electronics industry Asia Pacific is also projected to add to the revenue options of the market. Delicate nature of electronic products is projected to showcase a significant demand for foamed plastics in the coming years.

“Prominent manufacturers in the foamed plastics market can gain substantial profits by emphasizing on strengthening its production capacity and market presence. Furthermore, as key industries are inclined towards adoption of sustainable packaging solutions, the demand for foamed plastics packaging solutions is estimated to increase in the foreseeable future,” says FMI analyst.

Impact of COVID 2019 on Foamed Plastics Market

The construction industry has been identified as a prominent end-use industry in the global foamed plastics market. As per Eurostat (the statistical office of the European Union), construction production was decreased by 14.9% during February – April 2020, amid COVID-19 pandemic in Europe. However, in May 2020, construction production picked up by nearly 21%.

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This fluctuating situation in the construction industry has had a direct impact on the demand for foamed plastics, which is used for thermal insulation in buildings. Therefore, in the year 2020, foamed plastics market is projected to register Y-o-Y of 4.1% and expected to increase up to 6.6% Y-o-Y during the forecast period.

Furthermore, due to COVID-19 crisis the packaging industry is facing numerous challenges. A significant portion of the global foamed plastics market is captured by transportation packaging. Restrictions on transportation has slowed down the demand for foamed plastics. The pandemic has had a significant impact on consumer preferences as well. Consumers are willing to spend on life-essential products only. Therefore, transportation of consumer electronic goods and luxury goods has been reduced which further results in less demand for foamed plastics.

Foamed Plastics Market Landscape

Key players that have been profiled in the report are

  • Berry Global Inc.,
  • Dart Container Corporation,
  • Sealed Air Corporation,
  • Pactiv LLC,
  • Tekni-Plex, Inc.,
  • Groupe Guillin SA,
  • D & W Fine Pack LLC,
  • Genpak, LLC,
  • UFP Technologies, Inc., and
  • Sirap Gema S.p.a.

These players are estimates to hold nearly 20% market share in the global market in 2020.

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Explore wide-ranging Coverage of FMI’s Packaging Market Insights Landscape

Commodity Liners Market – The global commodity liners market size is expected to be valued at US$ 4.3 Billion in 2022. It is projected to exhibit growth at a CAGR of 9.0% and reach US$ 7.2 Billion in the forecast period from 2022 to 2032.

Bundling Machine Market – The global bundling machine market size is expected to be valued at US$ 3.7 Billion in 2022 and US$ 6.9 Billion in 2032.

Unsupported Single Coated Tape Market – The global unsupported single coated tape market size is expected to showcase growth at a CAGR of 3.5% and reach US$ 9.8 Billion from 2022 to 2032.

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Synthetic Paper Market is expected to reach US$ 962.4 Mn in 2022, likely to surge at a vigorous 3.7% CAGR

Future Market Insights (FMI) in a recent study highlights various advantages of synthetic paper over their pulp-derived counterparts. It forecasts a sales uptick, indicating impressive growth of the synthetic paper market between 2022 and 2030. Until a few years ago, pulp derived paper boasted dominance in the industry. However, the wheels of change are turning faster than expected, catapulting synthetic paper manufacturers to the fore.

The synthetic paper market is expected to witness lucrative opportunities due to the consumers demonstrating inclination towards eco-friendly and recycled packaging. As per FMI, the packaging sector is undergoing tremendous expansion, which would certainly hold the hopes high for synthetic paper market. The application areas include “non-label” ones as all the essential environmental requirements are met.

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List Of Key Players Covered in Synthetic Paper Market are:

  • PPG Industries Inc.
  • Seiko Epson Corporation
  • Agfa-Gevaert Group
  • Yupo Corporation
  • Hop Industries Corporation
  • Arjobex SAS
  • MDV-Papier-und Kunststoffveredelung GmbH
  • Cosmo Films Ltd.
  • Transilwrap Company Inc.
  • Toyobo Co. Ltd.
  • American Profol Inc.
  • Relyco Sales Inc.
  • Neenah Inc.

Synthetic papers are obtained from resin. The process of developing this variety of paper has greatly quickly evolved in the last couple of years. While their composition is more similar to a plastic film, they have feel and appearance similar to a paper.

Various factors are spurring the demand for synthetic fibers. One of foremost importance remains the increasing focus towards environmental sustainability. Consumers nowadays are shunning plastic use for eco-friendlier alternatives. Synthetic papers because recycled thus have found increasing application in the packaging sector.

A rising number of product manufacturers are shifting their production to suit the evolving consumer taste. Providing recycled packages have become a prominent strategy for luring consumers and businesses are unlikely to let the opportunity slip through their hand. Besides packaging, synthetic papers find increasing applications in various outdoor purposes.

The rising demand witness especially for outdoor applications is aided by remarkable advantages of synthetic paper. They are resistant to water and tear and can endure erratic weather better than traditional paper. These very features are attributable to their increasing use as tags in the medical and pharmaceutical sectors.

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In its recent study, FMI offers a comprehensive analysis of the synthetic paper market. It uncovers hidden growth opportunities besides cautioning the market players against potential threats. Some of the prevailing trends highlighted in the report are:

  • The unprecedented COVID-19 outbreak will cause stunted growth. Restrictions imposed on travel to contain the virus have caused various supply chain disruptions
  • The demand for better quality and inexpensive papers for digital printing will aid the expansion of the market
  • Asia Pacific will boast leading market share, backed by rising demand in India and China
  • The Middle East and Africa will emerge as a lucrative market especially due to abundant availability of raw materials required for synthetic paper production

“Rising use of tags and labels in packaging will enable growth in the synthetic paper market. Studies suggest that the market will gain significantly from the U.S. FDA approval for the use of RFID tags in pharmaceutical packaging,” said a lead analyst at FMI.

Who is winning?

The market exhibits prevalence of a high degree of competition. In order to gain edge over rivals market players are focusing on innovative launches. Through this they intend to expand their portfolio.

Get Valuable Insights into Synthetic Paper Market

Future Market Insights executive level blueprint of the synthetic paper market in its report. It offers refined forecasts pertaining to revenue growth witnessed across various segments. Trends impacting the market’s trajectory across these segments are also studied in detail for a period between 2022 and 2030.

The report studies the global synthetic paper market in terms of raw material into BOPP and HDPE. Based on application the market can be segmented into printing, paper bags, and labels. On the basis of end-use industry, the market covers paper, packaging, and others. Regionally, the global submarine cables market can be segmented into North America, Latin America, Europe, Asia Pacific, Oceania, and the Middle East and Africa.

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Have a Look at Related Research Reports:

Cutter-Box Packaging Market Share, Competitive Landscape, Regional Outlook and COVID-19 Impact Analysis 2022

Liquid Carton Packaging Market – Opportunities, In-Depth Analysis and Forecasts

Heat Transfer Paper Market Size, Share, Development by 2031

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:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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Rigid Packaging Containers Market is expected to grow at a 4.0% CAGR from 2022 to 2032

With an increase in manufacturing operations and more affordable labour in economies in East Asia and South East Asia, the crucial function of plastic in packaging has advanced significantly. The expansion of global trade has led to an increase in the manufacturing of various goods, including chemicals, paints, electronics, and electrical components.

It goes without saying that this has increased the demand for drums, which are needed for packaging and are made of rigid packaging materials like plastic. As commerce develops, end users will exhibit a high demand in the following ten years. This type of rigid packaging has been used more and more over the years due to its exceptional strength, light weight, and recyclable nature.

Despite the contentious discussions surrounding the use of plastic, analysts at FMI expect that this tendency will continue.

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Rigid Packaging Containers Market Outlook & Key Findings

  • Rigid packaging containers market is projected to reach over US$ 235 Bn in the next 5 years
  • Consistent demand for rigid packaging containers for contamination-free storage of both industrial and non-industrial goods uplifts market growth
  • Rigid packaging containers market projected to expand at CAGR of 4.0% during the forecast period
  • Asia Pacific and Europe are anticipated to dominate with market value share by approximately 65% in the global rigid packaging containers market by 2030
  • Uptake of rigid packaging solutions sprint toward using recycled and recyclable materials as consumer consciousness shifts

Rigid Packaging Containers: A Sturdy Future Ahead

The growth trend of the rigid packaging containers market is likely to be upward in the coming decade. Though Y-o-Y growth is steady, market is projected to record 4.4% growth from 2022. Prominent industries such as food, beverages, healthcare, personal care, and others are significantly dependent upon rigid packaging containers such as bottles, jars, cans, and drums to pack, store, and transport the goods.

New environmental regulations and end user industries approach towards sustainable rigid packaging containers such as plastic and steel drums, jerry cans, kegs have led manufacturers to update their recycling program and manufacture highly sustainable rigid packaging containers.

Rigid Packaging Containers Market: Regional Analysis

North America is severely affected with COVID-19, which has drastically hindered the usage of rigid packaging containers. Moderate shutdowns in production plants coupled with labor strikes and job cuts are anticipated to slow down the growth rate for rigid packaging containers in the region.

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Rigid Packaging Containers: Competition Landscape

The global rigid packaging containers market is fragmented in nature with key manufacturers focusing on providing tailored solutions as per the end-use industry demand. The leading manufacturers operating in the global rigid packaging containers market are focusing on maximizing production volume, expanding their reach globally, and diversifying their product portfolio.

For Instance, in 2016, Ball Corporation, one of the leading beverage can manufacturers acquired Rexam PLC, a manufacturer of aluminum and steel cans for carbonated soft drinks, energy drinks, beer, and other beverages. This acquisition enabled Ball Corporation to maximize its production volume of beverage cans.

Some of the key players in the rigid packaging containers market are-

  • Grief, Inc.
  • Amcor Plc
  • Berry Global Group, Inc
  • Silgan Holdings, Inc
  • Sonoco Products Company
  • Mauser Packaging Solutions
  • Ball Corporation
  • Crown Holdings, Inc
  • Pactiv LLC
  • SCHÜTZ GmbH & Co. KGaA

Market Taxonomy

By Product Type:

  • Bottles & Jars
  • Cans
  • Jerry Can
  • Drums
  • Kegs
  • Clamshells

By Material:

  • Plastic
    • Polyethylene Terephthalate (PET)
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Others Plastic
  • Metal
    • Steel
    • Aluminum
    • Other Metals

By Capacity:

  • Up to 5 Litre
  • 5 to 20 Litre
  • 20 to 50 Litre
  • 50 to Above

By End Use:

  • Food
  • Beverages
  • Homecare Products
  • Personal Care Products
  • Healthcare Products
  • Electronics & Electrical
  • Industrial Goods
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

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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:

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

Collation Shrink Films Market is expected to reach US$ 6.5 Bn by 2030, expanding at a CAGR of 5.9%

Collation Shrink Films Market is expected to reach US$ 3.9 Bn in 2022, likely to surge at a vigorous 5.9% CAGR during the assessment period.

The thriving e-commerce industry is expected to be the key driver for collation shrink films. Demand for high performance packaging solution and reduce transportation cost is expected to make collation shrink film an important packaging material for personal care products, food and beverages, cosmetics, and pharmaceuticals.

Future Market Insights predicts that e-commerce businesses will opt for collation shrink films as they are easy way to ensure that the product is not tampered with. Furthermore, products sensitive to moisture can stay safe in this type of packaging, thus making it a perfect choice for deliveries.

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In the coming years, shifting focus on usage of recyclable materials and production of five-layer collation films is expected to create multiple growth opportunities for collations shrink films market during 2020-2030.

“Most of the key players are continuously focusing on the development of extra thin collation shrink films, which will offer maximum impact protection to the stored products during transportation. Companies are coming up with the new technologies that will manufacture nearly 10-micron thin collation shrink films, which are stiff and provide a firm grip to the package,” says an FMI analyst.

Key Takeaways of Collation Shrink Films Market Study

  • As per thickness, 25-50 micron collation shrink films are expected to holds 1/3rd of the market share during the forecast period
  • Linear low-density polyethylene (LLDPE) material segment is expected to gain by 50 bps of current market share, by the end of 2030
  • Collation shrink films are mostly preferred for bottles and cans packaging applications, pushing these segments to gain a cumulative worth of US$ 774 Mn by 2025
  • Food and beverage manufacturers to remain key end users of collation shrink films and estimated to expand 1.8x of current market value during 2020-2030
  • North America is estimated to remain at leading position with more than 25% market share in 2020. However, East Asia is expected to outbid other regions during the forecast period.
  • South Asia market is anticipated to expand by 2.1x of current market share till 2030, attributing to double digit investment by the key players for manufacturing collation shrink films
  • Germany market is anticipated to be highly lucrative as it is  poised to represent an incremental opportunity of US$ 24 Mn by the end of 2025 in the Europe region
  • Mexico collation shrink films market is anticipated to expand at a potential CAGR of 7.1% during 2020-2030, owing to increasing number of key players

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Removing Downgauging Bottlenecks to Drive Collation Shrink Films Market

Manufacturers in collation shrink films are focussing on optimizing the quality by enhancing its multi-layer packaging film concept with five or more layers. These multi-layer collation shrink films are relatively stiff and enable extra thin gauges resulting in low wastage and overall cost.

Five-layer collation shrink films offer the advantage of holding force and stiffness over three-layer films, which are often a bottleneck to downgauging in secondary packaging application.

Recently Saudi Arabia-based Sabic Company introduced a multi-layer film solution for beverage collation. The SABIC multi-layer collation shrink films concept is expected to reduce downgauging and production at approximately 10,000 kg/hr. Its Teesside, UK-based plant, is manufacturing such collation shrink films to cater to the demand of efficiency on all fronts.

Impact of COVID-19 on Collation Shrink Films market

COVID-19 pandemic has created multiple challenges for the packaging industry and reiterated its need to design sustainable solutions to reduce the pressure on landfills. Multiple restrictions of supply chain and logistical hurdles due to lockdown have slowed down the packaging industry, creating a negative impact on the collation shrink films market.

Future Market Insights predicts that collation shrink market will begin recovery in Q4 2020, starting with South and East Asia as they will still have a stronghold over manufacturing activities. China and India started production of collation shrink films with limited resources. Also various key players are planning to invest in developing manufacturing units in these regions, therefore it is expected that by the end of 2021, the demand and supply equilibrium of collation shrink films will be achieved.

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Key Segments Covered in Collation Shrink Films Industry Research

Collation Shrink Films Market by Thickness:

  • Less than 25 Micron
  • 25-50 Micron
  • 51-100 Micron
  • Above 100 Micron

Collation Shrink Films Market by Material:

  • Low Density Polyethylene (LDPE)
  • Linear Low Density Polyethylene (LLDPE)
  • Medium Density Polyethylene (MDPE)
  • High Density Polyethylene (HDPE)
  • Polypropylene (PP)
  • Others

Collation Shrink Films Market by Application:

  • Bottles
  • Cans
  • Books & Magazines
  • Cartons
  • Others

Collation Shrink Films Market by End-use:

  • Food & Beverages
  • Cosmetics
  • Personal Care & Home Care
  • Transport & Logistics
  • Pharmaceuticals
  • Printing & Publications
  • Others

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Key Questions Answered in the Report

  • How much is the Collation Shrink Films market currently worth?
  • What is the sales forecast for Collation Shrink Films through 2030?
  • What was last 6-year market CAGR for the sales of Collation Shrink Films?
  • Who are the key manufacturing companies for Collation Shrink Films?
  • What’s with “North America“?

Explore FMI’s Extensive ongoing Coverage on Packaging Domain

Foamed Plastics Market: Foamed plastics market is projected to reach over US$81.5 Bn by 2028. Consistent demand for foamed plastics for contamination-free storage of both – industrial and non-industrial goods uplifts market growth. Foamed plastics market is projected to expand at a CAGR of 5.8% during the forecast period (2022-2030).

Clay Coated Recycled Boxboard Market: Clay coated recycled boxboard (CRB) finds application in the packaging of dry food, pet food, laundry detergents, and pharmaceuticals. The global clay coated recycled boxboard market is expected to exhibit a CAGR of 4.7% over the forecast period of 2022-2030.

Deblistering Machines Market: Deblistering Machines Market is expected to reach US$ 158.3 Mn in 2022, likely to surge at a vigorous 4.8% CAGR during the assessment period

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:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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For Sales Enquiries: sales@futuremarketinsights.com
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Biodegradable Disposable Tableware Market is all set to make greater strides at a CAGR of 6.4% between 2022 and 2030

The global biodegradable disposable tableware market is all set to make greater strides at a CAGR of 6.4% between 2022 and 2030, reaching US$ 18 Bn by the year 2030. The biodegradable disposable tableware market is likely to record 6.5% growth from 2022. Food service industry would be the key end user contributing to the market share due to convenience and hygiene offered by the biodegradable disposable tableware market.

The growing awareness about benefits of sustainable products has also fuelled the market in recent years. These are manufactured with bio-based plastic, paper and paperboard, and wood, which makes them completely biodegradable. Growing number of restaurants, cafeterias, and food joints are expected to opt for this kind of tableware as they look for cost-efficient waste management solutions.

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The food and beverage industry prefers disposable packaging to avoid washing trouble and convenience it provides to its users. Furthermore, innovations in the manufacturing of biodegradable tableware such as usage of leaf, bagasse, and starch extracted from various natural raw materials will increase production of the biodegradable disposable tableware market.

Key Takeaways of Biodegradable Disposable Tableware Market Study

Paper & paperboard as a material is poised to account for more than 2/3rd of the biodegradable disposable tableware market by 2030

Bio-based biodegradable plastic segment is gaining significant traction as this plastic is made from renewable resources instead of fossil fuels, reducing carbon footprint. The segment is likely to witness a CAGR of 6.1% during the forecast period

Trays are estimated to account for more than 45% of the market share by value during the forecast period

The foodservice industry is estimated to be the key end user of biodegradable disposable tableware and is poised to account for over 60% of the global biodegradable disposable market by 2030

Asia Pacific is estimated to represent an incremental opportunity of over US$ 5Bn by the end of next five years

Key Segments Covered in Biodegradable Disposable Tableware Industry Research

Biodegradable Disposable Tableware Market by Product

  • Plates
  • Bowls
  • Cups
  • Trays
  • Cutlery

Biodegradable Disposable Tableware Market by Material

  • Pulp & Paper
  • Bioplastics

Biodegradable Disposable Tableware Market by Packaging Application

  • Food
  • Beverages

Biodegradable Disposable Tableware Market by End-use

  • Commercial Use
  • Institutional Use
  • Household Use

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Significant Availability of Raw Materials to Boost Production of Biodegradable Disposable Tableware in Asian Economies

In order to promote sustainable production of biodegradable disposable tableware and to gain economies of scale, the production and availability of the raw material is an important aspect. Asian countries account for more than 40% of bio-based materials including sugarcane and bamboo used for manufacturing biodegradable disposable tableware. Thus, the region is estimated to provide a steady supply of raw material for manufacturing biodegradable disposable tableware market, thereby augmenting the market growth. This is likely to provide a remunerative opportunity to the regional manufacturers to leverage the raw material availability and expand their production capacities.

“As per data provided by United Nations, more than 8.3 billion tonnes of plastic has ended up in the landfills. Only 9% of plastic is recycled whereas the rest results in polluting the water bodies and natural environment. Single-use plastics such as spoons, cups, and plates are widely used by food service industry are a continuous threat to the environment. Thus, green solutions such as bioplastics or use of disposable tableware made from natural resources is likely to boost the growth of biodegradable disposable tableware market,” says an FMI analyst.

Biodegradable Disposable Tableware Market Landscape

  • Huhtamaki Oyj,
  • Graphic Packaging International, LLC and
  • Dart Container Corporation

are the top players operating in the biodegradable disposable tableware market. Furthermore,

  • Vegware Ltd,
  • Lollicup USA Inc.,
  • Solia, Inc.,
  • Hefty,
  • Dixie Consumer Products LLC,
  • Duni AB,
  • Pacovis AG,
  • Papstar GmbH,
  • Dispo International,
  • Genpak LLC,

Natural Tableware and Eco-Products, Inc. are some other prominent players in the biodegradable disposable tableware market. The tier 3 player’s hold 4/5th market share in the global biodegradable disposable tableware market. In conclusion, key players contribute almost 1/5th of the global market.

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Impact of COVID-19 on Biodegradable Disposable Tableware Market

The COVID-19 pandemic has undoubtedly hit the foodservice industry and it is likely to take time before it returns to normalcy. However, with lockdowns relaxing across the globe, re-adapting to the new normal permit opening of foodservice deliveries, cafes, and restaurants generating a demand for biodegradable disposable tableware to avoid cross-contamination.

Customers are going to be more cautious and concerned regarding the hygiene and safety factors than ever before. Since, biodegradable disposable tableware cannot be re-used and reduce the chances of multiple handling, it offers a safe solution to the foodservice industry without negatively impacting the environment. Demand for packaged food in trays and cups is likely to provide lucrative opportunity for the market to grow due to prevailing demand for packaged food, which offer hygienic solution without impacting the quality of the food product.

Biodegradable disposable tableware manufacturers will need to adapt with the global pandemic with contingency plans and understand the vulnerabilities associated with the supply chain. This might result in reducing dependencies on any one country and increasing preference for domestic players for the need of raw materials. The food industry particularly faces disruptions where large proportions of entire categories of food are typically imported using just-in-time logistics.

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:

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