Market Research Blog

The growing trend for ready-to-drink tea has been complementing the rising consumption of pyramid tea bags. Future Market Insights (FMI) in its recent report has identified the scope for expansion of the pyramid tea bags market. The report forecasts the market to register a steady expansion at around 4.5% CAGR between 2022 and 2030. The benefits of well-being and health are witnessed as the main pyramid tea bags market drivers of potential growth in consumption

The key factor driving the market is the rising awareness about tea as a healthier alternative to popular beverages. Backed by advances witnessed in teabags packaging, their consumption is surging in emerging markets as well, where loose tea has conventionally boasted higher consumption.

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The report sees lucrative prospects for the market especially since brands are introducing diverse flavors of tea in addition to tea bags packaging styles. Manufacturers are presenting unique tea flavors such as blueberry, apple, mint, lemon, turmeric, and several others with shiny, bespoke pyramid tea bags in the market which aided them to sustain the market for much a longer time. Availability of pyramid tea bags in diverse flavors has been helping in gaining traction.

The report offers an executive-level blueprint of various factors enabling growth in the market. It also uncovers hidden prospects and potential threats. Some of the key takeaways from the report are discussed below.

Some of the key takeaways from the report are:

The pyramid tea bags market will account for US$ 380.5 Mn by 2030 end North America is estimated to remain the dominant region throughout the forecast period South Asia and East Asia markets will record growth at a higher rate of pace during 2020-2030 Nylon material shall constitute above 46% of the market by the end of forecast period Direct sales at present account for over 50% of market revenue share and is likely to continue to dominating the global market until 2030 end Commercial users are projected to account for a hefty share in the global market, wherein quick-service restaurants (QSRs) will be gaining significant traction

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COVID-19 Impact on Pyramid Tea Bags Market

As society continues to thrive and work more from home, amidst the COVID-19 pandemic, it will present significant opportunities for the pyramid tea bags market to boom. Especially with producers exploring opportunities in ecommerce, the market is expected to gain impetus despite ongoing restrictions posed by the pandemic.

Tea offers comfort and better health benefits, which has been aiding the overall market expansion. With consumers looking for natural ways of boosting immunity, surge in consumption of herbal tea is likely.

Spurred by these factors, the market despite sluggish growth in 2020, is expected to recover soon. Between 2020 and 2030, it is forecast to continue exhibiting growth at a positive pace.

Who is winning? 

The presence of several leading brands has rendered the pyramid tea bags market consolidated in nature. Competition foreseen in the market is consequently rising, while 70-80% of market share is held by the tier 3 players, key players contribute around 20-30% of the worldwide market.

Major market players operating in the global market are Tata Consumer Products Limited, Hain Celestial Group, Unilever PLC, R. Twining, and Company Limited, Dilmah Ceylon Tea Company PLC, JIN DA Tea Co., Ltd, Bigelow, and The East India Company Ltd.

Players are majorly focusing on capitalizing on production volume, offering sustainable pyramid tea bags solutions, and expanding their reach worldwide. For instance,

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Key Segments Covered in Pyramid Tea Bags Industry Research

Product Type:

• Small (Below 3 gm)
• Medium (3-5 gm)
• Large (Above 5 gm)

Material:

• Nylon
• Paper
• Cotton
• Silk
• Others (Corn starch, etc.)

Distribution Channel:

• Direct Sales
• Retailers
  • Hypermarket
  • Supermarket
  • Convenience Stores
  • Other Retail Formats
• E-Retail

End-use:

• Institutional
  • Educational Institutions (Schools and colleges)
  • Public Institutions (Govt. Offices and public places)
  • Private Institutions
  • Movie Theater
• Commercial users
  • Quick Service Restaurants (QSRs)
  • Hotels
  • Cafes

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About 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 8-years.

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/pyramid-tea-bags-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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Expanding at a CAGR of 8.7%, the global anti-counterfeit cosmetic packaging market is projected to increase from a valuation of US$ 32.6 Bn in 2022 to US$ 49.5 Bn by 2027, according to a recently published study by ESOMAR-certified market research company Future Market Insights (FMI)

As global cosmetic consumption rises, unscrupulous entities are looking to flood the market with counterfeit, duplicate and sub-standard product lines, damaging the credibility of prominent cosmetic manufacturers. Various instances of product recalls have been reported due to the presence of toxic ingredients.

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

Key Takeaways from the Study

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

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

COVID-19 Impact Analysis

The COVID-19 pandemic has altered consumer purchasing behaviour, with preference for contactless delivery taking precedence. Therefore, e-commerce channels are experiencing swelling business activity. This has sustained the demand for cosmetics across prominent geographies. This consistency in cosmetics sales is propelling the anti-counterfeit cosmetic packaging market.

Demand for skincare products has especially increased multi-fold, with consumers becoming highly cautious about their health. Striving to avoid contact with the virus, they are utilizing skincare products to prevent any kind of surface level infection. Therefore, anti-counterfeit solutions for skincare pharmaceuticals and cosmetics are witnessing enhanced uptake.

Market Structure Analysis

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

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

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

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

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

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

Key Segments of Anti-counterfeit Cosmetic Packaging Industry Survey

Anti-counterfeit Cosmetic Packaging Market By Technology :

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

Anti-counterfeit Cosmetic Packaging Market By Packaging Format :

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

Anti-counterfeit Cosmetic Packaging Market By Material :

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

Anti-counterfeit Cosmetic Packaging Market By Application :

• Skincare
• Hair Care
• Makeup
• Fragrance
• Nail Care

Anti-counterfeit Cosmetic Packaging Market By Region :

• North America Anti-counterfeit Cosmetic Packaging Market
• Latin America Anti-counterfeit Cosmetic Packaging Market
• Europe Anti-counterfeit Cosmetic Packaging Market
• East Asia Anti-counterfeit Cosmetic Packaging Market
• South Asia & Pacific Anti-counterfeit Cosmetic Packaging Market
• Middle East & Africa (MEA) Anti-counterfeit Cosmetic Packaging Market

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About 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 5-years.

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/anti-counterfeit-cosmetic-packaging-market
For Sales Enquiries: sales@futuremarketinsights.com
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Future Market Insight (FMI) estimates that packaging testing revenues will increase significantly from 2021 to 2031, with worldwide revenues up 12.3% year over year in 2021. Driven by introduction of new standards and regulations to increase sale of packaging testing equipment, the packaging testing market is forecast to reach valuation of US$ 12.60 Billion by the end of 2021.

Consumers are seeking convenient packaging options which are lab tested and stand true on the parameters of quality and quantity defined by regulation committees. Package testing is performed on packaging materials using scientific equipments to evaluate the suitability of contact material with processed and frozen foods, medicines drugs, etc.

Increasing demand for recyclable and biodegradable packaging has fueled the demand for packaging testing for different packaging materials under different conditions.  Pharmaceutical drugs and food and beverage manufacturers are employing packaging testing to fulfill the complex packaging standards to build brand reputation. These factors are emerging as the key growth drivers in packaging testing market.

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Introduction of new standards by International Organization for Standardization, ASTM International, European Committee for Standardization, TAPPI, Military Standards, and ISTA (International Safe Transit Association) are also making a positive impact on the market growth.

Increasing consumer demand for rugged product packaging along with growing demand from product manufacturers for packaging that are highly durable and keeps product safe from impurities and damage will propel the packaging testing market growth throughout 2031.

Medical products and devices are required to go variety of testing services to evaluate the strength and durability of medical device packaging and ensure compliance with defined regulations and standards. Similar consumer electronics companies are also engaging in package testing to eliminate product damage by poor packaging. Rise in number of testing procedures like water-proof testing and drop testing is expected to generate significant revenue in packaging testing market.

Key Takeaways from FMI’s Packaging testing Market Study

• North America packaging testing market is poised to grow at a prolific 10% CAGR during the forecast period. Growth uptick can be attributed to strict regulatory compliances issued by U.S. Food and Drug Administration, high demand for packaged foods and increase in consumption of medicines in U.S. and Canada.
• Driven by rise in export and production of sustainable and safe packing in U.K. and Germany, Europe packaging testing market is forecast to grow at astronomical CAGR of 11.2% through 2031.
• Japan will account for 26% of East Asia packaging testing market share, in the wake of rising geriatric population and increasing demand for pharmaceutical drugs for treating chronic diseases in the country.
• South Korea market will exhibit significant growth owing to increasing demand for sustainable packaging for ready-to-eat and drink food & beverages in the country. South Korea will hold around 14% of East Asia packaging testing market share in 2021.
• Food and beverage packaging testing registered stupendous growth due to rise in consumption of ready-to-eat packaged foods during pandemic crisis in 2020. The modern packaging offers longer shelf life for necessary food items, and thus are becoming common in households.

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“Rise in cases of chronic ailments have accelerated the demand for pharmaceutical drugs across the globe. Growing need for safe and secure packaging to protect the drugs will drive the market growth in upcoming years,” says the FMI analyst.

Competitive Landscape

According to FMI, market players are looking to ramp up their production capabilities as they are planning to introduce new and innovative packaging testing solutions. Strategic partnerships between market players are on the cards, to gain the upper hand in this competitive environment.

In July 2021, ProAmpac, a leading flexible packaging company started new innovation and collaboration center in Rochester, New York. The company aims to expand its physical and analytical laboratory testing services portfolio for multiple applications.

Liquibox and WestRock, two leaders in sustainable packaging collaborated and developed a “Ships In Own Container (SIOC)” bag-in-box solution for Amazon in 2021. This new packaging system reduces waste and eliminates the leakages, costly returns and brand reputation damage.

Prominent players operating in the packaging testing market are:-

• SGS SA
• Intertek Group Plc
• Bureau Veritas SA
• Eurofins Scientific SE
• ALS Limited
• TUV SUD AG
• Mérieux NutriSciences Corporation
• Microbac Laboratories Inc.
• National Technical Systems Inc.
• EMSL Analytical Inc.
• Institut fur Produktqualitat GmbH
• Campden BRI

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Table of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis & Recommendations

1. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

1. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

1. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

1. Global Packaging Testing Equipment Market Demand (‘000 Units) Analysis 2015–2020 and Forecast, 2021–2031

5.1. Historical Market Volume (‘000 Units) Analysis, 2015–2020

5.2. Current and Future Market Volume (‘000 Units) Projections, 2021–2031

5.3. Y-o-Y Growth Trend Analysis

5.4. Pricing Analysis

About 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:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/packaging-testing-market
For Sales Enquiries: sales@futuremarketinsights.com
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Cost-effectiveness, durability, and lightweight are several advantages responsible for boosting the demand for multilayer flexible packaging, worldwide. The scope of this market study includes multiple flexible packaging solutions such as bags, pouches & sachets, wrapping films, laminates, and others (liners, stick packs, and more). Manufacturing of multilayer flexible packaging products requires 70% less material when compared to rigid packaging products. Aluminum foil and metalized plastic films are also gaining significant traction for the manufacturing of bags and pouches for flexible packaging.

The global multilayer flexible packaging market is set to progress at a CAGR of around 4% over the period of forecast, and reach a valuation of nearly US$ 350 Bn by 2029.

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“Shift from rigid packaging to flexible packaging is the leading trend in the global packaging industry. Changing packaging needs enable brand owners to enjoy high profitability margins, owing to reduction in transportation cost and cheaper package cost.”

Key Takeaways of Multilayer Flexible Packaging Market Study

• In terms of value, the pouches & sachets segment is expected to account for maximum market share in the global multilayer flexible packaging market during 2019-2029, attributable to the rising demand for small-sized sachets & pouches for the packaging of a variety of food products.
• By layer structure, the 5 layer segment is anticipated to grow 1.2X by the end of 2023.
• The plastic material segment is expected to create total incremental revenue opportunity of US$ 96 Bn by the end of 2029, owing to ease of availability and cost-effectiveness.
• North America is anticipated to maintain its dominance in the global multilayer flexible packaging market during the forecast period. This growth can be attributed to the presence of well-established market players in the region. East Asia and South Asia are anticipated to be highly lucrative markets, on the back of significant consumption and production of multilayer flexible packaging solutions at cost-effective rates.

Multilayer Flexible Packaging Market Landscape                                          

The global multilayer flexible packaging market is identified as a highly competitive and fragmented market. Unorganized and local players can leverage significant growth opportunities in the global multilayer flexible packaging market. Some of the key players operating in the multilayer flexible packaging market are Sealed Air Corp., Mondi Group Plc, Berry Global Group, Inc., Scientex Berhad, and Uflex Ltd., among others. Key players are focusing on acquisitions and product innovation with the aim of expanding their footprint and customer base across the globe.

• In November 2019, Constantia developed its first plant Constantia Ecoflex at Ahmedabad, India, for producing sustainable and recyclable flexible packaging.
• In February 2019, Amcor Limited introduced Genesis, a polyethylene laminate with the look and feel of traditionally-oriented polyethylene or oriented polyester. This product is suitable for use in medical, food, homecare, personal care, and other industries. The company acquired Bemis Company Inc., which is one of the leading manufacturers of multilayer flexible packaging.
• In June 2019, Sealed Air Corp. acquired MGM’s flexible packaging business. MGM is a privately-held company that is headquartered in Manila, the Philippines. This acquisition will allow the company to expand its food packaging operations in Asia.

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Key Segments Covered in Multilayer Flexible Packaging Industry Research

Multilayer Flexible Packaging Market by Product

• Bags
• Pouches & Sachets
• Wrapping Films
• Laminates
• Others (Liners, Stick Packs, etc.)

Multilayer Flexible Packaging Market by Material

• Plastic
  • Polypropylene (PP)

• BOPP
• CPP
• OPP
  • Polyethylene (PE)
    • LDPE
    • LLDPE
    • HDPE
  • Polyethylene Terephthalate
  • Polyvinylidene Chloride (PVDC)
  • Ethylene Vinyl Alcohol (EVOH)
  • Ethylene Vinyl Acetate (EVA)
  • Polyvinyl Chloride (PVC)
  • Polyamide (PA)

• Paper
• Aluminium Foil

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Multilayer Flexible Packaging Market by Layer Structure

• 3 Layers
• 5 Layers
• 7 Layers
• More than 7 Layers

Multilayer Flexible Packaging Market by End-use

• Food
  • Meat, Poultry, and Seafood
  • Bakery & Confectionery
  • Snacks
  • Dairy
  • Pet Food
  • Baby Food
  • Other Food Products
• Beverages
• Pharmaceuticals
• Automotive
• Cosmetics and Personal Care
• Homecare
• Electricals & Electronics
• Agriculture & Allied Industries
• Textiles & Apparels

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
Report: https://www.futuremarketinsights.com/reports/multilayer-flexible-packaging-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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Rise in consumer spending, increased preferences for luxury goods, and rapid E-commerce expansion are shaping up the global bespoke packaging market. On back of these factors, the global bespoke packaging market is estimated to register a CAGR of 6% during the forecast period of 2019-2029. Brand differentiation, shelf-to-basket conversion, and customer attachment are marking the significant trends in bespoke packaging market.

Companies are focusing on personalization and differentiation of their brands by using unique packaging. New startups, such as Lumi, Packlane, and Packhelp, are disrupting the bespoke packaging business by offering online platforms to design and order customized packaging. Small- to medium-scale businesses are expected to be benefited by internet-enabled packaging platforms.

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Key Takeaways – Bespoke Packaging Market Study

• Due to the ongoing premiumization and personalized solution trend, bespoke packaging has been identified as 35-40% more costly in terms of price as compared to standard packaging across the globe.
• Rising preference towards sustainable packaging is expected to propel the demand for bespoke boxes & cartons during the forecast period. Paper & paperboard has been identified as a prominent material used for bespoke packaging, owing to its sustainability and high printability.
• The market share held by the glass bespoke packaging segment is expected to reduce by the end of 2029, attributable to the entry of bag-in-box, cartons, and paper bottles in the global market.
• The fashion accessories and apparels industry is expected to be the most lucrative end-use industry in the bespoke packaging market, on the back of growing E-commerce penetration and intense competition in this industry.

Product Development – Key Strategy of Manufacturers in Bespoke Packaging Market

Key manufacturers in the bespoke packaging market focus on product development, adoption of IoT, and on geographical & capacity expansion. Moreover, key manufacturers strive to increase their presence through the use of online sales platforms to improve brand recognition.

• In January 2020, James Cropper group developed COLOURFORM™, a moulded fibre bespoke packaging solutions for premium brands.
• In November 2019, DS Smith Plc collaborated with Bloom & Wild and developed a new bespoke decorative box for hand-tied flowers.
• In July 2019, WestRock’s Nestlé Purina PetCare’s Friskies® Lil’ Soups™ Floor Stand/Powerwing won the Budget Award for maximizing resources in a creative and impactful way at the 2019 OMA awards.

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Brand owners strive to invest aggressively in packaging, driven by the rise in adoption of premium and customized packaging, and increasing consumer focus on sustainable and environment-friendly products. Manufacturers can gain substantial profits by offering more diversified packaging solutions in terms of technology and design to aid brand owners to cater to consumer preferences for uniquely packaged goods.

Global Bespoke Packaging Market by Category

By Product Type:

• Mailers & Envelopes
• Boxes & Cartons
• Bags & Totes
• Pouches
• Bottles
• Others

By Material Type:

• Paper & Paperboard
• Plastic
• Glass
• Metal
• Fabric
• Leather
• Wood

By End-use Industry:

• Fashion Accessories & Apparels
• Food
• Beverages
• Consumer Goods & Durables
• Personal Care & Cosmetics
• Others

By Region:

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

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About Bespoke Packaging Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global bespoke packaging market, analysing historical demand from 2014-2018 and forecast statistics for 2019-2029. The study offers growth projections of the bespoke packaging market on the basis of product (mailers & envelopes, boxes & cartons, bags & totes, pouches, bottles, and others (composite cans, wraps, & others)),

material (paper & paperboard, glass, plastic, metal, textile, leather, and, wood), and end-use industry (fashion accessories & apparels, food, beverages, consumer goods & durables, personal care & cosmetics, and others) across seven major regions.

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About 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 7-years.

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/bespoke-packaging-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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Extensively used for sealing of heavy duty cartons that are utilized in packaging of domestic and international trade consignments, BOPP tapes represent a rapidly progressing global market. The global BOPP packaging tapes market is bound to reach US$ 23.8 Bn by the year 2029 at a CAGR of 4.5% between 2022 and 2029. The forecast is based on a new Future Market Insights (FMI) study.

BOPP tapes are highly suitable for manufacturing and warehousing, which continues to push their adoption within the E-commerce industry. Customized BOPP tapes is a new market trend, says the report. High growth potential resides in the markets of emerging economies.

The BOPP tapes has included feature of low noise during packaging on the cartons, ideal for machine applications that saves time and gives accurate and uniform sealing to the boxes. It can withstand all the extreme weather to due its physical property of higher tensile strength among its group.

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Key Takeaways – BOPP Tapes Market Study
BOPP tapes witness a massive demand in the global market for the following properties- transparency with double-sided adhesion, non-toxicity, ease of use, reasonable retraction rate, and, most importantly, water and chemical resistance, longer life and good strength, which adds to its good-tear-proof performance.

Manufacturing & warehousing, followed by E-commerce industry, are identified as prominent end-use industries of BOPP tapes

Customized BOPP tapes are projected to be preferred over plain or single color BOPP tape in following years

Usage of BOPP tapes for packaging especially for food & beverages is expected to remain substantial as it ensures precise and durable packaging

The hot melt rubber adhesive has better quick stick bonding to carton boxes (corrugated paper board), however hot melt acrylic has long-lasting adhesive properties.

East Asian market is experiencing a high demand for BOPP tapes. This prominent demand is majorly driven by the presence of China that is driving the production of all the industries across the global market with cost-efficient ability.

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focus of Eminent Manufacturers on Global Alliance
Prominent manufacturers in the BOPP tapes market are targeting emerging markets such as South Asia and East Asia to strengthen their market position. These regions are considered by the rapid growth of key end-use industries, especially the manufacturing sector post-recession.

Expansion of global business footprints and new product development are key strategies adopted by BOPP tapes manufacturers to strengthen the market position. For instance,

In March 2022, tesa SE set up a new manufacturing plant in China by investing US$ 33 Mn. This unit would focus on manufacturing all forms of tapes catering to the demand for electronics, manufacturing and warehousing industries.
In August 2021, Intertape Polymer Group Inc. acquired ‘Polyair’. ‘Polyair’ is involved in the protective packaging business with 7 manufacturing facilities and a distribution center in North America.
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Key Segments Covered in BOPP packaging tapes Industry Research

BOPP Packaging Tapes Market by Thickness:
35 – 50 Micron
51- 65 Micron
Above 65 Micron

BOPP Packaging Tapes Market by Adhesive:
Hot Melt Rubber
Hot Melt Acrylic

BOPP Packaging Tapes Market by Width:
11mm -30 mm
31mm – 70 mm
Above 70 mm

BOPP Packaging Tapes Market by End-user:

Manufacturing & Warehousing
Food & Beverages
Chemicals & Lubricants
Electronics & Electricals
Automotive
Personal care & Cosmetics
E-Commerce

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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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The latest market research report by Future Market Insights on the disposable lids market includes global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report studies the disposable lids market and provides critical insights for the forecast period 2022–2029.

As per the research findings of the report, the global disposable lids market is projected to experience noteworthy growth over the forecast period, due to various driving factors such as growing food & beverages industry and increasing demand for disposable and recyclable lids.

Get Sample of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-10336

The global disposable lids market was valued at US$ 2.6 Bn in 2022, and is expected to increase at a CAGR of ~4% during the forecast period, 2022–2029. Increasing focus to maintain the environmental sustainability is one of the vital factors that accelerates the market growth of the disposable lids.

Growing Online Food Ordering to Create Noteworthy Opportunities

The online food ordering market is one of the rapidly growing markets across the globe. Frequent requirement of disposable lids in the online food ordering market is contributing to the growth of the market considerably.

Increasing demand for disposable lids in the online food ordering market for covering various packaging products such as cups, containers, trays, and bowls is ultimately creating opportunities for disposable lid manufacturers to capture a significant market share. Countries such as China and India are expected to witness new heights in online food ordering market, which ultimately fuels the demand for disposable lids.

Organized Food Retail Outlets to Create Demand in Emerging Clusters

Rapidly growing food & beverages industry, especially fast food industry in countries such as China and India creates massive demand for the disposable lids. Increasing penetration of prominent foodservice providers in these countries and frequent requirements of disposable lids in foodservice outlets is ultimately boosting the market growth.

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On the basis of geography, North America and Europe are anticipated to capture a substantial market share in terms of value in the disposable lids market due to adequate presence of key disposable lids manufacturers in these regions. Furthermore, factors such as growing global population, increasing demand for food products, especially for packaged food products is propelling the demand for disposable lids in the market.

Brand Owners Spending on Promotional Activities of Food Products is Gaining Momentum.

Leading market players in the food and beverage industries are adopting the promotional strategy to maximize the overall sales of the food products. These prominent players are using promotional strategies such as advertising, branding and publicity to generate the maximum revenue.

Rising sales of food products across the globe, especially for packaged food and beverages products is ultimately fuelling the demand for disposable lids.

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Disposable Lids Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global disposable lids market. Some of the examples of key players in the global disposable lids market are Berry Global, Huhtamaki Group, Greiner Packaging International GmbH, Dart Container Corporation, Genpak, LLC, Cambro, Carlisle FoodService Products, Airlite Plastics, Cosmoplast (Harwal Group), Be Green Packaging LLC, Michael Procos S.A., Medac S.r.l., “Amhil Europa” LLC, ConverPack Inc., Plus Paper Foodpac Ltd.,  Pactiv LLC, Manoher International, G.E.T. Enterprises, LLC, and Pt Pola Paperindo Jayatama.

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