Market Research Blog

The lubricant packaging market is expected to reach US$ 11.4 Bn in 2022, likely to surge at a vigorous 5.2% CAGR during the assessment period.

Increasing sales of heavy commercial vehicles are expected to boost the demand for lubricant packaging, states Future Market Insights (FMI). Demand for lubricant in bulk is increasing the sales of packaging product such as pails, cans, and bottles.

This increase in demand for local transport and logistic industry will propel the sales of new heavy vehicles and also increase the frequency of vehicle service. On account of this, the demand for lubricant packaging will burgeon.

Further, increase in supply of process oil, industrial oil and other lubricants and fuel will drive the lubricant packaging market. Demand is expected to surge with increase in intercontinental trade and trade across developed economies.

This is expected to create growth opportunity for the manufactures of bulk containers in lubricant packaging market.

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Key Takeaways

• By packaging type, the drums lubricant packaging segment is anticipated to remain the leading segment, holding over 33.5% of the market share by the end of 2021.
• Based on lubricant type, the engine oil segment is projected to register a CAGR of 6.5% during the forecast period.
• Plastic segment by material is estimated to hold around 68% of the market share in 2021.
• By end-use, the automotive segment are anticipated to hold around 31% of the market share, reaching US$ ~3.4 Bn market value during the forecast period.
• Asia Pacific, Europe and North America will showcase the highest demand for lubricant packaging due to the increasing need in automotive industry.
• Europe and North America, collectively, are projected to hold approximately 47% of the market share, surpassing US$ ~5.1 Bn by the end of 2021.

“With growing production of heavy duty commercial vehicles, the demand for lubricant from automotive industry is increasing. Installation of robotic equipment and automatic machine in manufacturing industries also are expected to create opportunity for lubricant packaging manufacturers,” says an FMI analyst.

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Asia Pacific to Hold Around 30% of the Global Market Share during the Forecast Period

China, India and Japan are the leading producers of automobile in the Asia Pacific as well as in the global market. China accounts for 1/4th of the global production of motor vehicles, as per the study.

These countries cumulatively accounts for approximately 2/3rd of the total worldwide automotive industry. Hence, expansion of automotive industry in Asia Pacific will create opportunity for lubricant packaging manufacturers.

Lubricants are extensively used as engine oil in automotive industry. This is resulting in surge of demand for the engine oil, which is impacting the Asia pacific lubricant packaging market positively.

Further, the overall economic development in the Asia Pacific is expected to boost the lubricant packaging market in the forecast period.

The need for dual ovenable lidding films is being fueled by an increased focus on food safety and a consumer preference for pre-packaged convenience foods. the market will grow at a 5.6 percent CAGR from now until 2031, when it will be valued at US$ 134.8 million.

Dual ovenable lidding films are a common packaging option in the food and beverage sector for packing items that need to be heated in the microwave or oven. Manufacturers’ increasing emphasis on providing products with a longer shelf life improves sales possibilities.

The demand for dual ovenable lidding films is consistently rising as they offer strong salability and a printable texture which makes them suitable for food packaging applications.

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FMI predicts two-fold growth opportunities for leading players. The usage and adoption of dual ovenable lidding films is estimated to increase on the back of rising consumption of ready meals, frozen foods, meat products, dairy products, and more.

Key benefits offered by dual ovenable lidding films include high safety, convenience and a longer shelf life. Biodegradable dual ovenable lidding films are becoming increasingly popular among major participants in the film packaging market.

End users in the frozen food and meat products packaging industry are focusing on lowering their carbon footprint. Consequently, some of the leading manufacturers are also using biodegradable goods as a result of government action that provides tax exemptions on revenue. Client preference for clean materials and an increase in health awareness, drives the demand for biodegradable dual ovenable lidding films.

Consumers are inclined towards processed food products. Many of the complexities of packaging processed food have been greatly minimized by the adoption of dual ovenable lidding films. Dual ovenable lidding films made of PET material are expected to see a surge in demand. Increasing concerns pertaining to safety of food and a developing packaged food culture globally, are contributing towards overall growth of the market.

Key Points Covered in Dual Ovenable Lidding Films Market Study

• Market estimates and forecast 2014-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Dual Ovenable Lidding Films Market and How to Navigate
• Recommendation on Key Winning Strategies

Key Takeaways from Dual Ovenable Lidding Films Market

Polyethylene terephthalate (PET) dual ovenable lidding films are expected to account for nearly 3/4th of the global market, aided by cost and durability benefits.

Peelable seals ensure the quality of product while improving user convenience, and are estimated to increase by nearly 2 times of the current value, at US$ 130 Mn by 2031.

Meat products packaging applications are expected to create an incremental opportunity of US$ 28.5 Mn in the next ten years.

The U.S. will account for over 90% of the North America value share through the assessment period, owing to a large and matured packaged food sector.

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Germany is the largest and fastest growing market in Western Europe, accounting for over 30% value share by 2031, driven by the presence of major manufacturing facilities.

“Improved safety and convenience offered by dual overable lidding films to packaged food have been improving their scope for applications. The market also will gain as the packaging industry slowly transitions towards biodegradable ovenable lidding films,” says an FMI analyst.

Impact of COVID-19

The COVID-19 pandemic and its global effects have had a notable impact on the global dual ovenable lidding films market. Stringent and complete lockdown in American, European, and Asian countries resulted in a declining supply and sales.

Food chains such as quick-service restaurants, and cafes were entirely shut down in almost every region, whereas, online food delivery were open and the deliveries were available which has lowered losses during the crisis. Nevertheless, demand for dual ovenable lidding films will gain traction in the later part of 2021 as industries recover rapidly with precautionary measures.

Competitive Landscape

Key manufacturers contribute 30-35% of the global market. Strategic expansions and acquisitions are expected to gain traction throughout the forecast period in the moderately fragmented landscape.

Amcor PLC., Berry Global, Inc., Sealed Air Corporation, and Sonoco Products Company, Schur Flexibles Holding GMBH, Sirane Ltd. are the top players operating in the dual ovenable lidding films market. Furthermore, Coveris, Inc., Toray Plastics (America), Inc, DuPont Teijin Films and many others in the market hold 65-70% in the global dual ovenable lidding films market.

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Dual Ovenable Lidding Films Market by Category

By Material Type:

• Polyethylene (PE)
• Polyethylene Terephthalate (PET)
  • Crystallizable PET (CPET)
  • Amorphous PET (APET)
  • Recycled PET (RPET)
• Polypropylene (PP)
• Others

By Seal Type:

• Pealable Seal
  • Easy Peal
  • Medium Peal
  • Hard Peal
  • Very Hard Peal
• Permanent Seal

By Application:

• Prepared Meals
• Frozen Foods
• Meat Products
• Dairy Products
• Others

By Region:

• North America
• Latin America
• APEJ
• Western Europe
• Eastern Europe
• MEA
• Japan

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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
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The digital printing packaging demand is anticipated to be valued at US$ 17,760.7 Million in 2022, forecast to grow at a CAGR of 5.1% to be valued at US$ 29,206.9 Million from 2022 to 2032.

Future Market Insights, in its report, offers market forecast and analysis on the basis of region, technology type, product type, and end-use.

Key Drivers

According to the report, the key factors fuelling demand for digital printing in packaging include growing preference for conventional/analogue plates and their application in printing jobs of shorter run lengths.

Adoption of digital printing in packaging is also growing on account of its convenience over conventional presses. Digital printing allows packaging companies to reduce turnaround time, and this is a prime reason fuelling demand for digital printing.

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Shifting preference from conventional printing to variable data printing and personalised printing. Leading packaging companies are adopting variable data printing owing to its use in direct marketing. Future Market Insights projects these trends to positively influence the digital printing in packaging market.

While Future Market Insights maintains a positive outlook on the global digital printing in packaging market, it is of the opinion that high variable costs and limited opportunities in indirect sales channels can impede widespread adoption.

Food Largest End-user

The food sector remains the largest end-user of digital printing in packaging. According to Future Market Insights, demand for digital printing in packaging was pegged at over US$ 4.5 Bn by 2016. This is expected to increase at a CAGR of 16.6% during the forecast period 2016-2026.

APEJ to Outpace North America to Become the Largest Market

North America, APEJ, and Western Europe are the three largest markets for digital printing in packaging. Currently, North America leads globally in terms of revenues; however, owing to robust adoption of digital printing in APEJ, it will be relegated to second position by the end of 2026. APEJ will outpace North America to become the largest market, increasing its revenue share from 28% by 2016 to 40.7% by 2026-end.

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Competitive Landscape Profiling

Leading players profiled by Future Market Insights in its report include Quad/Graphics Inc., Tailored Label Products Inc., Creative Labels Inc., Reynders Label Printing, DS Smith Plc, THIMM Group GmbH + Co. KG, Traco Manufacturing Inc., WS Packaging Group Inc., Elanders AB, and Colordruck Baiersbronn W. Mack GmbH & Co. KG.

Key Segment

By Print Technology Type:

• Liquid Toner Electrophotography Printing
• Nano-graphic Printing
• Inkjet Technology
• Others (Dye tonner)

By Product Type:

• Labels
• Flexible Packaging
  • Films & Wrap
  • Bags & Sacks
  • Pouches & Sachets
• Corrugated Packaging
• Folding Cartons
• Bottles & Jars
• Metal Cans
• Others

By End Use:

• Food
• Beverage
• Alcoholic
• Non-Alcoholic
• Pharmaceutical
• Personal care & cosmetics
• Electronic comp.
• Chemicals
• Other (Automotive, etc)

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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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Technology upgradation has major contribution towards increasing sales of micro perforated films packaging across the globe. Future Market Insights (FMI) in a new study has forecast the market to rise on expanding packaging industry, resilient ecommerce, and growing food delivery sector.

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for micro perforated films packaging. The report tracks the global sales of micro perforated films in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the food packaging industry in general, and micro perforated films in particular.

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Advent of laser technology with advanced features such as laser power control, laser-pulse confirmation, and in-line video inspection results in enhancing precise gas and moisture transmission rates and hence shelf life of the inside product. Furthermore, the current packaging method encompasses CO2 laser technology for better sealing and maintaining freshness of the product.

As per FMI analysis, laser perforation technology segment is holding maximum share in the global market compared to other segments. This technology offers high quality perforation and better consistency, venting and etching than mechanical venting and punch technique. Although, this technology holds nearly 3/5^th value share in the global market, which is attributable to aforementioned benefits, it is estimated to gain by nearly 200bps of current market share in near future.

Additionally, the food packaging industry has been giving impetus to increasing sales of micro perforated films. Emerging e-commerce and online markets have fuelled up demand for micro perforated films. Investments in ready-to-eat food packaging and development of bakery and confectionary sector present a positive outlook for the growth of micro perforated films packaging market.

Key Takeaways of Micro Perforated Films Market Study

• Polypropylene has emerged as more preferred material for manufacturing micro perforated films and accounts for nearly half of the market share. Consistently increasing demand for high oxygen transmission rate carrying perforated films among end users bolstering polypropylene uptake
• Wraps/rolls are the most preferred type of packaging among consumers and their sales are estimated to increase further in the coming years. This segment is anticipated to remain lucrative in terms of incremental $ opportunity, during the forecast period

• Sales of micro perforated films in food packaging is expected to accelerate in next decade. Changing consumer food preferences such as ready-to-eat and on-the-go food has significant impact on the market growth for ensuring better shelf life of the product
• Micro perforated films packaging market in the United States alone is likely to increase at 5.2% during the forecast period. Micro perforated films sales in the US will be over 30% of total demand throughout the forecast period

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Demand for ready to eat and take-out food has increased owing to change in lifestyle, increase in disposable income of customers, and rapid urbanization in the emerging economies. Also, food consumption habits of consumers have changed rapidly owing to swiftly proliferating corporate work culture and industrialization. These developments are enabling sales in emerging economies where more number of food outlets and online food delivery services have opened.

Consumer focus on hygiene and food safety amid COVID-19 pandemic along with the rising demand for convenient packaging solution are increasing day-by-day. These requirements are inducing changes in packaging solutions. The demand for micro perforated films is increased potentially in the past year as consumers are preferring packaging solution that will keep product disinfected for longer duration. Besides this, government is also keeping eye on maintaining standards and quality of packaging approaches and material especially for direct consumable products. Reducing waste due to faster deterioration of food product, ease of contamination and fungal growth can be controlled to some extent using micro perforated films. Therefore, end users are gaining significant traction for such type of packaging films.

Impact of COVID-19 on Micro Perforated Films Market

The COVID-19 pandemic has impacted the micro perforated films market owing to the disruptions in the supply chain. Severity and duration of the crisis and weak corporate balance sheets of the companies that are the customers of the packaging industry could result in significant pressure on the micro perforated films manufacturers to reduce selling prices and costs.

The recovery of the micro perforated films players depends on the degree of disruption and the demand by customers. Furthermore, sectors such as packaging for food and pharmaceutical packaging are anticipated to witness rapid rebound. However, for sector such as construction, the recovery is likely to be slower, as the customers are hesitant to incur expenditure on non-necessary goods.

Who is Winning?

Amcor Limited, Uflex Ltd., Sealed Air Corporation, Bollore Group, Mondi Group, TCL Packaging Limited, KOROZO Ambalaj San,ve Tic A.S, Darnel Group, Coveris Holdings SA and NORDFOLIEN GmbH are some of the leading companies operating in the market. The micro perforated films market is fragmented and the Tier 3 players in the market hold 60-70% share in the global micro perforated films market.

In order to gain competitive advantage companies are focusing on product launches. For instance Uflex Limited has launched various projects like Project Plastic Fix, FlexFilms for more sustainable and recyclable plastic films in 2020.

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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
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The global filament tapes market is estimated at USD 4.9 billion in 2022 and is projected to reach USD 6.6 billion by 2026, at a CAGR of 7.8% from 2022 to 2026.

In the filament tapes market, the electrical & electronics and automotive segments are collectively generating revenue of USD 1,499 million in 2022, according to the Annual Market Analysis conducted by Future Market Insights.

Amidst the COVID 19 pandemic, the e-Commerce industry is likely to grow at an unprecedented pace, which is expected to augment the growth of the filament tapes market. On the flip side, industries such as automotive and consumer goods have been highly affected by the pandemic. As such, growth of the global filament tape market is expected to be relatively slow in 2020

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“Key manufacturers of filament tapes are focusing on product innovation and technological integration that can allow at-scale production, resulting in quality products at a lower cost. This is likely to attract customers, as it balances cost and value. Organizations are also partnering and collaborating with other players in the market to penetrate deeper into untapped regions. This will enhance brand value and increases market competitiveness in the filament tapes market.”

Key Takeaways of Filament Tapes Market Study

• Single-sided tapes account for over 50% share of the overall filament tapes market. However, double-sided tapes are expected to register high incremental opportunity in comparison with single-sided tapes, owing to their multi-functional ability and high performance characteristics.
• Amongst the adhesive types, rubber-based and acrylic-based adhesive types would account for over 70% market share, cumulatively.
• As per FMI analysis, carton sealing is major application of filament tapes, followed by insulation and bundling. Cartons that need to be transported require sturdy packaging to prevent products from getting damaged. Due to increase in e-Commerce spending and growth of the FMCG sector, the carton sealing application is expected to remain prominent throughout the forecast period.
• Automotive and electrical & electronics industries, cumulatively, would maintain their primacy in the filament tapes market. However, due to the impact of the COVID-19 outbreak, growth is anticipated to take a dip in the near term.
• Application of filament tapes is likely to surge in shipping & logistics and food & beverages, attributable to increasing shift of customers towards essential goods.

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Filament Tapes Market Landscape

3M, Intertape Polymer Inc., and Saint Gobain Performance Plastics Corporation have been identified as the top players in the global filament tapes market, and account for over 20% of global market value. Tier-2 players such as Tesa Tape Inc., Sekisui Chemical Group, and Shurtape Technologies, along with others players, also have decent sales of filament tapes. Tier-3 players such as Folsen, Guangzhou Weasy Adhesive Products Co., Euro Tapes Pvt. Ltd., and Cosmos Tapes & Labels Private Limited are other noteworthy market players.

Filament Tapes Market by Category

By Filament Type, Filament Tapes Market is Segmented as:

• Single Sided Tapes
• Double Sided Tapes

By Backing Adhesive Type, Filament Tapes Market is Segmented as:

• Plastic Film
  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Polyethylene (PE)
  • Polyester (PS)
  • Others
• Paper
• Fabric
• Foam

By Adhesive Type, Filament Tapes Market is Segmented as:

• Rubber Based
  • Natural Rubber
  • Synthetic Rubber
• Acrylic Based
• Hot Melt Adhesive

By Width, Filament Tapes Market is Segmented as:

• 12 mm
• 18 mm
• 24 mm
• 36 mm
• 48 mm
• 72 mm
• 96 mm

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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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Switching changes the ‘state’ of a device, and it’s the fundamental control component of any device. Aircraft switches are the triggers that transmit and receive commands; hence, they should be and are reliable, easy to use, and easy to reach. Aircraft switches are a mean for pilot or the crew to monitor and control operations of an aircraft. They could be either manually or automatically operated. These automated aircraft switches are the form of sensors that measures temperature, pressure, frequency, and other similar electrical parameters to perform their respective operations. Aircraft switches are employed in aircraft cabin, cockpit, avionics, and engine and auxiliary power unit (APU).

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Aircraft Switches: Market Dynamics

According to the World Bank, the global per capita income for the FY2019 is projected to be 1.62 times the FY2018, and air travel is very much dependent on regional per capita expenditure; thus, it is stipulated that the aerospace industry have optimistic future, subsequently creating demand for aircraft switches market during the forecast period.

Among all the aircraft types, the commercial segment is anticipated to hold a major chunk of the global aircraft switches market owing to the growing passenger traffic in emerging economies. The new phenomenon of this decade; aircraft logistics for the e-commerce industry, is another major factor driving the demand for aircraft fleet, which in turn, is estimated to boost the volume sales of aircraft switches.

Furthermore, the trend of digitization is estimated to widen the market share bracket for the automatic aircraft switches segment. Moreover, the need of high safety and maintenance to propel the aftermarket sales channel, in turn, is expected to gain notable traction in the global aircraft switches market.

Conversely, the need regular and complex maintenance could hinder the growth of the aircraft switches market over the forecast period, owing to which, it is expected that the automatic aircraft switches could lose some share to manual aircraft switches.

Aircraft Switches: Market Key Players

Some of the major participants operating in the global aircraft switches market include the following players:

• Safran
• CURTISS-WRIGHT
• Barantec
• HONEYWELL INTERNATIONAL INC.
• C&K
• United Technologies
• Unison, LLC
• Hydra-Electric Company
• Esterline Technologies Corporation
• ITT INC.
• Meggitt PLC
• Raytheon UK
• TE Connectivity
• Inc.
• Eaton

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Aircraft Switches: Market Segmentation

On the basis of product type, the global Aircraft Switches market can be segmented into the following,

• Manual Aircraft Switches
• Pushbutton
• Toggle
• Rocker
• Selector
• Automatic Aircraft Switches
• Limit
• Pressure
• Temperature
• Flow
• Relay & Others

On the basis of platform, the global Aircraft Switches market can be segmented into the following,

• Fixed Wing
• Commercial
• NBA (Narrow-Body Aircraft)
• WBA (Wide-Body Aircraft)
• VLA (Very Large Aircraft)
• RTA (Regional Transport Aircraft)
• Military
• Fighter
• Transport
• Rotary Wing
• Commercial
• Military

On the basis of application, the global Aircraft Switches market can be segmented into the following,

• Cockpit
• Cabin
• Engine and Auxiliary Power Unit (APU)
• Avionics

On the basis of sales channel, the global Aircraft Switches market can be segmented into the following,

• OEMs
• Aftermarket

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Aircraft Switches Report Highlights:

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

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About Future Market Insights (FMI) 

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

Contact:

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