Gym Bags Market is anticipated exhibit a CAGR of 3.1% during the forecast period

The market for gym bags is projected to generate US$ 1,897.9 million in revenue in 2022 and US$ 2,567.9 million in revenue by 2032. The market is anticipated to grow at a CAGR of 3.1% between 2022 and 2032, up from a CAGR of 2.8% between 2016 and 21.

The market has expanded as a result of millennials’ increased emphasis on fitness and health. Duffle bags are becoming more popular with consumers. This is explained by their bigger bulk and increased ability to carry numerous goods. During the forecast period, rising brand recognition and rising consumer sales of fitness and health items are anticipated to favourably impact market growth.

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Gym Bags in the World: Market Trends

An increasing tendency of a vast population base towards health and fitness is likely to boost the growth of the global gym bags market. The gym bag industry is predicted to grow in response to rising disposable income among the middle class in important economies. Gym aficionados all around the world spend a lot of money on their gym gear, which drives up demand for gym bags globally.

Due to the presence of a high number of local businesses, there is fierce competition among manufacturers to preserve their market presence. As a result, manufacturers are relying on technology developments to achieve market traction in order to stay competitive.

What are the Factors Driving the Global Gym Bags Market?

The growing inclination of people to healthier lifestyles is projected to play a vital role in driving the global gym bag market during the forecast period. Various companies have encouraged their employees to take up health and fitness club memberships, which is expected to augment the market size in the forecast period. Further, manufacturers are taking initiatives to integrate smart technologies in gym bags which will offer significant opportunities for market growth in the forthcoming period.

In February 2022, DressFresh ® launched NOVO™ Duffel, a smart bag that eliminates germs and odors. It is a waterless and eco-friendly cleaning system that uses ionization to help sanitize, eradicating viruses, bacteria, and odor from everyday apparel. Such initiatives are expected to augment the market size in the forthcoming period.

Global Gym Bags Market: Regional Outlook

On the basis of geography, the global gym bags market is segmented into North America, Asia Pacific, Middle East & Africa, Europe, and Latin America. North America gym bags market is expected to lead the global market due to a more health conscious population as compared to other regions.

Moreover, according to various independent studies, Americans are becoming more concerned towards health and wellness which is further expected to propel the demand of the gym bags market.

Asia Pacific is expected to expand with the highest CAGR due to increasing disposable income and an increased spending by consumers on their lifestyle. India and China are the major economies driving the growth of the Asia Pacific gym bags market.

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Competition Analysis

Key players in the global gym bag market include

  • Nike, Inc.,
  • JensenLee,
  • Everlast Worldwide, Inc.,
  • Chateau Manufacturing,
  • Harrisons,
  • ToteBagFactory,
  • Herschel Supply Co. USA, and
  • Adidas AG.

In August 2021, Adidas announced that it had entered into a definitive agreement to sell Reebok to Authentic Brands Group (ABG) for a total consideration of up to US$ 2.135 trillion, with a majority to be paid in cash at the closing of the transaction and the remainder comprised of deferred and contingent consideration.

Key Segments Profiled in the Global Gym Bag Market

Global Gym Bag Market by Bag Type:

  • Duffle Gym Bag
  • Drawstring Gym Bag
  • Gym Backpacks
  • Tote Gym Bag

Global Gym Bag Market by Material Type:

  • Leather Gym Bag
  • Canvas Gym Bag
  • Nylon Gym Bag
  • Polyester Gym Bag

Global Gym Bag Market by Region:

  • North American Gym Bag Market
  • Latin American Gym Bag Market
  • Western European Gym Bag Market
  • Eastern European Gym Bag Market
  • APAC Gym Bag Market
  • Japanese Gym Bag Market
  • MEA Gym Bag 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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Metal Straws Market is predicted to register a CAGR of 6% during the forecast period 2022 – 2032

The market for metal straws is anticipated to grow at a CAGR of 6% over the course of the forecast period, from US$ 17 billion in 2021 to US$ 32.2 billion by 2032. As a result of escalating rivalry, the metal straw market is predicted to exhibit encouraging growth potential throughout the forecast period. In order to meet the demand for metal straws and increase consumer access to them on the global metal straw market, new competitors are providing a range of alternatives at competitive prices.

The majority of countries have outlawed single-use plastic straws, which has raised demand for metal straws. Although bamboo, glass, and paper straws receive the majority of the focus in the eco-friendly straw market, sales of metal straws are increasing.The ban on single-use plastic straws in most countries around the world is driving the demand for eco-friendly straws.

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Paper straws, glass straws, and  bamboo straws   are some of the most popular in the eco-friendly straw world, but metal straws are becoming a popular choice. Manufactured from the finest raw materials such as stainless steel, aluminum  and  titanium  , the metal straw is a sturdy and durable option for a variety of hot and cold beverages. In addition to being reusable and eco-friendly, the metal straw  provides a stylish touch for cocktails, smoothies and even specialty teas.

What is the Key Growth Contributor to the Metal Straws Market Share?

Increased consumer intolerance for single-use plastic straws, burgeoning consumer desire for eco-friendly straws, and rising government reforms and initiatives to prohibit plastic straws all point and sales of metal straws to a positive outlook for the metal straws market.

Consumers prefer their products to convenience; they are more conscious of their options and willing to invest in reusable, sustainable drinking straws which will like to boost sales of metal straws. Metal straws are fashionable, food-grade, and handy, and they can be reused indefinitely, helping to reduce waste caused by single-use plastic straws

Metal Straws Market: Dynamics

Rising intolerance to single-use plastic straws, surging consumer demand for eco-friendly straws, and growing government reforms and campaigns to ban plastic straws are expected to provide an optimistic view for the metal straw market. Mobile consumers demand more than convenience from their products. They are increasingly aware of their choices and are prepared to invest in reusable and sustainable straws.

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How is the Competitive Landscape in the Metal Straws Market?

The report consists of key players, contributing to the metal straw market share. It also consists of organic and inorganic growth strategies adopted by market players to improve their market positions. This exclusive report analyzes the competitive landscape and metal straw market share acquired by players to strengthen their market position.

  • Mulled Mind,
  • Jungle Straws,
  • Eco Imprints, Inc.,
  • Bunkoza and
  • Sipstix

are some of the leading participants in the metal straw market.

Recent developments of the Metal Straws Market:

  • Transcend Packaging (UK) bought the assets of BioStraw Ltd. (UK), a maker of metal straws, in October 2019. BioStraw (UK) will divest itself of all manufacturing assets and merge with Transcend Packaging. Additionally, this strategic strategy will expand their client base and boost their metal straws market and production skills.
  • In May 2019, Hoffmaster Group, Inc. (US) bought The metal straws Company (UK), a maker of metal straws situated in the United Kingdom. The firm expects to extend its operations in the European markets for metal straws goods and expand its product offering by focusing on the demand for metal straws as a result of this strategic acquisition.

Key Segments For Metal Straws Market

By Straw Length:

  • <9 cm
  • 9 – 15 cm
  • 16 – 20 cm
  • >20 cm

By Sales Channel:

  • Manufacturers
  • Distributors
  • Retailers
  • Hypermarkets
  • Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Discount Stores & Warehouse/Wholesale Clubs
  • E-retail

By End User:

  • Food Service
  • Hotels
  • Restaurants & Motels
  • Bars & Lounges
  • Cafes
  • Fast Food Outlets
  • Cinemas
  • Airline & Railway Catering
  • Institutional
  • Educational
  • Healthcare
  • Corporate
  • Household

By Region:

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

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

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In-mold Labels Market is likely to surge at a vigorous 3.2% CAGR during the assessment period 2022-2031

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

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

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

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Key Takeaways from In-mold Labels Market

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

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

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

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

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

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In-mold Labels Market Landscape

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

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

In-mold Labels Market by Category

By Process:

  • Blow Molding
  • Injection Molding
  • Thermoforming

By Material:

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

By Printing Method:

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

By End-use:

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

By Region:

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

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In-mold Labels Market Report 

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

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

Contact:

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Dynamic Positioning System Market Exhibit Growth At A CAGR Of 11.6% In The Forecast Period From 2022 To 2032

The global dynamic positioning system market is expected to reach US$ 10.3 Billion and exhibit growth at a CAGR of 11.6% in the forecast period from 2022 to 2032. The market is estimated to be valued at US$ 8.2 Billion in 2022. The rapid expansion of the cargo shipping industry and the increasing seaborne trade are anticipated to drive the demand for dynamic positioning systems in the near future.

Moreover, rising demand for production, storage, floating and offshore vessels, is escalating the growth in the global dynamic positioning system. The dynamic positioning systems market is expected to witness significant growth during the forecast period 2022-2032.

Dynamic Positioning system now have become critically important due to increase in activity of offshore oil industry, renewable energy and other related industries. To address this variety and needs of industries, the demand for dynamic positioning system is increasing.

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Dynamic positioning system is a specially developed computer-controlled system that is capable of maintaining a vessel’s heading and position automatically by utilizing its own thrusters and propellers.

Dynamic Positioning System Market Market: Drivers & Restraints

The prerequisite of advancement in technology (facilitates in deeper waters than vessels), increasing research & development initiatives by manufacturers is driving the demand of dynamic positioning systems. Dynamic positioning systems are better known for its safe and correct operations which are widely used for a variety of purposes in the offshore industry. It provides following benefits such as effective maritime operations, energy efficient system, helps in reducing operational costs and emissions, among others.

Rising maritime trade in Asia-Pacific and Middle-East Africa along with deep-sea excavations is the fundamental growth driver in the Dynamic Positioning system market. Ensuring safety operations and push from the government side is also helping in increasing the degree of awareness among the users. Additionally, growth in the shipping industry is also up surging with significant opportunities in this market. However, high implementation cost, lack of reliable communication and complexity in system are the major setback for the dynamic positioning system market.

Dynamic Positioning System Market: Region-wise Outlook

The global dynamic positioning system market is expected to register a CAGR of approximately 5 percent over the forecasted period 2015-2025. Depending upon geographic regions, global dynamic positioning system market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and Middle East & Africa. In terms of regions, Asia-Pacific accounts for the largest market share. Middle East and Africa market is projected to register a significant CAGR during the forecast period. Increasing maritime trade with technological updates is fueling the growth in Asia-Pacific and Middle East and Africa regions.

Countries such as China, Saudi Arabia, UAE, South Korea, Japan, Russia, among others is expected to witness an upsurge in the demand for DP systems. Eastern Europe and Latin America are also forecast to register a significant growth in the global dynamic positioning system market during the forecast period 2015-2025.

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Dynamic Positioning System Market: Key Players

Some of the players identified in the dynamic positioning system are L-3 Communications Holdings, General Electric Company, Rolls-Royce Plc, General Electric Company, Kongsberg Gruppen ASA, Navis Engineering, Norr Systems, Praxis Automation Systems, and Marine Technologies LLC, among many others.

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

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

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 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.

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Produce Packaging Market is likely to surge at a vigorous 4.1% CAGR during the assessment period 2022-2031

According to the report by Future Market Insights, the global produce packaging market will register a moderate CAGR during the forecast period. The overall sales in the market is expected to surpass US$ 33 Bn by 2021. 

Increasing awareness regarding the healthy food products and growing incidence of food-borne illnesses are propelling the demand for fresh food products. Coupled with this, growing consumption of meat-free and gluten-free food products will create a conducive environment for sales. 

The growing environmental concerns and stringent government regulations regarding the use of plastic have improved the demand for sustainable paperboard and corrugated boxes for produce packaging. In order to capitalize on this trend, key companies are focusing on developing sustainable and innovative produce packaging solutions.  

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For instance, in September 2021, Jujo Thermal announced the launch of Shieldplus, a game-changing recyclable fiber-based barrier material for food produce packaging. These products provide a sustainable solution for packaging of dry, moist and fatty foods, which also has excellent barrier properties to protect the contents and to maintain their quality. 

A plethora of such developments will aid the growth in the produce packaging market over the coming years. Against this backdrop, FMI estimates, the global produce packaging market is poised to expand at 4.4% CAGR between 2021 and 2031. 

Key Takeaways from FMI’s Produce Packaging Market Study 

  • In terms of packaging type, plastic containers are projected to exhibit fastest growth through 2021  
  • Re-packers end-use segment will account for nearly 50% of global market share through 2031 
  • China and Japan are identified as the key producers and exporters in the global produce packaging market 
  • South Korea produce packaging market represented nearly 7% of sales in global market between 2020 and 2021 

“Key players in produce packaging market are collaborating with e-commerce food stores and local retail stores to gain competitive edge. In order to gain competitive edge, market players are focusing on developing compact and sustainable produce packaging solutions, which also meet the requirement from retail stores,” says the FMI analyst.   

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Competitive Landscape 

As per Future Market Insights,

  • Mondi Group,
  • Amcor PLC,
  • Berry Global Inc., and
  • Ball Corporation

are identified as the top 4 players in produce packaging market. These players are expected to contribute around 8%-10% of global market revenue in 2021. 

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

Produce Packaging Market by Category

Application:

  • Food Grains
  • Vegetables
  • Fruits

End User Type:

  • Growers/Shippers
  • Re-packers
  • Retail Stores

Packaging Type:

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

Region:

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

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Table of Content

1. Global Produce Packaging Market – Executive Summary

2. Global Produce Packaging Market Overview

2.1. Introduction

2.1.1. Global Produce Packaging Market Taxonomy

2.1.2. Global Produce Packaging Market Definition

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

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

2.3. Global Produce Packaging Market Dynamics

2.4. Supply Chain

2.5. Cost Structure

2.6. Pricing Analysis

2.7. Raw Material Sourcing Strategy and Analysis

2.8. List of Distributors

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

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

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

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

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

3.1.1.2. Market Share Comparison, By Region

3.1.1.3. Y-o-Y growth Comparison, By Region

3.1.2. Bags & Liners Market Size and Forecast, 2021-2031

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

3.1.2.2. Market Share Comparison, By Region

3.1.2.3. Y-o-Y growth Comparison, By Region

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

Contact:

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Frozen Food Packaging Market is estimated at US$ 860 Mn in 2022, likely to surge at a vigorous 7.5% CAGR 2022 – 2032

The global Frozen Food Packaging Market is estimated at US$ 860 Mn in 2022 and is projected to reach US$ 1,649 Mn by 2032, at a CAGR of 7.5% from 2022 to 2032.

Growth of the global Frozen Food Packaging Market is mainly bound to various micro-economic and macro-economic factors. Demand for the frozen food packages will continue to increase attributed to surge in the food delivery system. In an attempt to attract customers, manufacturers in the food and beverages industry are increasingly offering frozen food products through the online portals.

Growing preference for fresh food products is projected to rev up demand for the frozen food packages in the food and beverages industry. In addition, increasing demand to deliver frozen desserts products is projected to impact growth of the global market of frozen food packaging positively. According to Future Market Insights, the global market of frozen food products is projected to reflect a CAGR of 7.5% over the forecast period, 2022-2032.

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Moreover, surge in demand for frozen dessert products among customers has further contributed towards growth of the global frozen food packaging market. With the growing need to protect the food products from exposure to extreme weather conditions and moisture, manufacturers are implementing enhanced packaging solutions such as temperature controlled and tamper-proof packaging.

Bound to these factors, sales of the frozen food packages in the food and beverages industry is projected to witness robust growth throughout the forecast period.

Packages for frozen food products also remain concentrated among the suppliers of the frozen food products. Manufacturers in the food and beverage industry witness significant demand for frozen food products as they have a fresh flavor and can be preserved for comparatively long time.

Suppliers of prefer opting for frozen food product packages in order to protect the product from moisture and unprecedented climate conditions. These factors are projected to fuel demand for the frozen food packages in the food and beverage industry positively.

Competitive Landscape

Key frozen food packaging manufacturers are focusing upon offering recyclable packaging products and entering into collaborations with large frozen food manufacturers across the globe:-

In December 2021, Mondi Group launched renewable and recyclable frozen food packaging which is produced by using 80% less plastic, designed for UK’s top frozen food retailer Iceland.

In May 2021, Amcor Plc launched its first recycled packaging for powdered chocolate in Latin America.

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Key Companies Profiled

  • Mondi Group
  • Ampac Holdings, LLC
  • Amcor Plc
  • International Paper Company
  • KOROZO Ambalaj San.ve Tic A.S.
  • Sealstrip Corporation
  • Sonoco Products Company
  • Alto Packaging
  • Sealed Air Corporation
  • Huhtamaki Group

Plastic Materials to Witness Robust Demand

With the increasing demand for tamper-proof packaging, manufacturer prefer using plastic materials for frozen food product packaging. By packaging material, the plastic segment is projected to represent relatively high revenue growth, reflecting more than US$ 7,000 Mn by 2022-end. On the other hand, the paper & paperboard segment is expected record a relatively high CAGR through 2022.

Based on the packaging type, the bags & pouches segment is projected to register a robust CAGR, recording more than US$ 2,000 Mn by 2017-end. During the forecast period, the frozen specialties application type segment is expected will reflect a healthy CAGR.

On the other hand, the meat, poultry & seafood segment is projected to account for more than US$ 3,000 Mn by 2022-end. Europe will continue to remain a leading market for the frozen food packages globally.

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Global Frozen Food Packaging Market by Category

By Material Type:

  • Plastic
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Ethyl Vinyl Acetate (EVA)
    • Polyvinyl Chloride (PVC)
    • Polyvinylidene Chloride (PVDC)
    • Polystyrene (PS)
    • Polyethylene Terephthalate (PET)
  • Aluminum
  • Paper and Paperboard
  • Tempered Glass

By Packaging Type:

  • Rigid
    • Boxes
    • Tubs & Cups
    • Cans
    • Trays
  • Flexible
    • Pouches
    • Bags (includes boil in bags)
    • Films
    • Others

By Food Type:

  • Ready to Eat Products
  • Fruits and Vegetables
  • Meat, Poultry, & Seafood
  • Dairy Products
  • Others (Soups, etc.)

By Region:

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

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:

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Sanitary food & beverage packaging is expected to garner immense revenue generation opportunities across the US market throughout North America

According to Future Market Insights, the sanitary food & beverage packaging market saw soaring growth in 2022 at compound annual growth rate (CAGR) of 5%. As per recently updated FMI analysis, the sanitary food & beverage packaging market likely to register 5.8% CAGR between 2021 and 2031. 

Implementation of strict regulatory policies by international food & beverage packaging regulatory bodies to promote sustainable sanitary food & beverage packaging will accelerate the market growth. Modernization in food packaging industry has also made a significant impact on sanitary food & beverage packaging market growth. Introduction of eco-friendly packaging materials and digitization of supply chain will boost the market growth. 

COVID-19 pandemic led to elevated demand for sanitary food packing. Focus on containing the spread of the virus and the subsequent need to offer sterile packaging will bode well for the market. As per the United States Environmental Protection Agency (EPA), nearly 82,220 tons of municipal solid waste was generated in 2018. Out of the total amount, nearly 44,000 tons was recycled and more than 30,000 tons was used in landfills. 

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Food and beverage industry generate around 42,000 tons of paper and paperboard packaging waste every year. This has compelled industries and corporations to focus on minimizing the waste generated by the adoption of sustainable material for packaging. Utilization of eco-friendly materials by leading food and beverage companies will drive the market growth in upcoming years 

“Increasing use of naturally derived packaging materials coupled with introduction of smart packaging management solutions at production level will elevate sanitary food & beverage packaging market growth,” remarks the FMI analyst.   

Key Takeaways 

  • Rapid population growth, increasing consumer spending on food and beverages, and strict government regulations will provide lucrative market growth opportunities in U.S. 
  • Establishment of legal labeling system coupled with presence of leading market players in the U.K. will drive the sanitary food & beverage packaging market growth in the country. 
  • Growing emphasis on developing sustainable packaging and recycling process and government initiatives towards creating bio-based plastic food packaging will accelerate the market growth in Germany.  
  • Constant efforts from Japanese government towards reducing micro-plastics and restricting the unwanted packaging waste will drive the market growth during the forecast period in Japan. 
  • Thriving food delivery services in China has led to surge in discarded plastic waste. Government and food companies are promoting customers towards recycling of the plastic wastes by offering rewards. Such strategies will fuel the market growth in China. 

Prominent Drivers 

  • Stringent food safety regulations implemented to ensure that quality of product is maintained will accelerate the sanitary food & beverage packaging market growth.  
  • Rising population and elevated consumption of packed foods and beverages will drive the market growth. 
  • Increasing government efforts to make paper and paper product based sanitary food & beverage packaging and increasing environment related awareness will intensify the market growth.  

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Key Restraints 

  • High capital investment and high supply chain maintenance cost hampers the adoption of advance sanitary food & beverage packaging system among small manufacturers. 
  • Rising cases of counterfeiting and cheap imitation of authentic products restricts the market growth. 
  • Banning of plastic in many countries will negatively influence the sanitary food & beverage packaging market sales. 

Competitive Landscape 

As per Future Market Insight’s analysis, the main area of focus among all market players is to develop advance packaging tools and incorporating lightweight materials along with flexible and sustainable manufacturing approach to expand their market foothold.  

The key market players are employing inorganic strategies like strategic acquisitions, mergers and collaborations to standout in the highly competitive market.  

  • Chuo Kagaku Co. Ltd. is working towards developing manufacturing packaging material from recycled virgin plastic. The food safety and sanitization is ensured by strictly following government laws, voluntary industry standards and their personal quality standards while manufacturing food containers. Some well renounced provisions include Food Sanitation Act Ministerial Notification No. 307 of the Ministry of Health, Labor and Welfare and the Japan Hygienic Olefin and Styrene Plastics Association Voluntary Standard. 
  • Karatzis SA provides a broad range of meat processing and packaging solutions. Its product portfolio includes the A Series, B Series, C Series, Chicken Loops, Micromesh Series, Pesante Series and S & STS Series, Agronets, Crop Bailing Solutions and Raschel Bags among others. Company released a new environment friendly pallet wrapping system which is light weight and act as an excellent substitute to stretch films in 2019. 

According to FMI’s report, the following sanitary food & beverage packaging manufacturers currently operate in the global market: 

  • FP Corporation 
  • Chuo Kagaku Co. Ltd. 
  • Karatzis SA 
  • Crown Holdings Inc. 
  • Ball Corporation 
  • Silgan Containers
  • Kaira Can Company Limited
  • Canfab Packaging Inc. 
  • Berlin Packaging LLC 

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More Insights on FMI’s Sanitary Food & Beverage Packaging Market 

The latest market study on global sanitary food & beverage packaging market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of: 

Packaging Type 

  • Paperboard 
  • Rigid Plastic 
  • Glass 
  • Flexible Plastic 
  • Metal 
  • Other Packaging Types 

Product Type 

  • Milk & Other Beverage Cartons 
  • Cups & Liquid Tight Containers 
  • Folding Food Containers 
  • Boards & Trays 
  • Other Product Types 

Region 

  • North America (US and Canada) 
  • Latin America (Brazil, Mexico, Argentina and Rest of Latin America) 
  • Europe (Germany, UK, France, Italy, Spain, Nordics and Rest of Europe) 
  • Japan 
  • APEJ (China, India, Malaysia, Thailand, Singapore, Australia and Rest of APEJ) 
  • Middle East & Africa (GCC, South Africa, Nigeria, Israel and Rest of MEA) 

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
LinkedInTwitterBlogs
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Size Of Membrane Air Dryers Market Is Estimated To Surpass A Valuation Of US$ 1,200 Mn By The End Of 2032 | FMI

The global membrane air dryers market size is estimated to surpass a valuation of US$ 1,200 Mn by the end of 2032. The sales on membrane air dryers are expected to top US$ 730 Mn by 2022, exhibiting growth at a CAGR of 6.5% over the forecast period 2022-2032. Increasing adoption of membrane air dryers in pneumatic brakes for automotive vehicles and trains is augmenting the growth in the market.

Further feature includes improving manufacturing process, energy-saving as they do not need electricity to use, helps in reducing noise and overall enhancing the system reliability. Owing to this, demand from various end-use industries is increasing especially in medical sector (dental) which is driving the growth in global membrane air dryer market.

With proper maintenance and installation, it will be lasting for long years. Increasing demand from various end use industries such as food & beverage, medical, industrial, telecommunication, among many others, the demand for membrane air dryers is rapidly growing. Membrane air dryer’s technology is anticipated to evolve in the future, as membrane air dryer provides ultra clean and dry air, also it is projected to replace refrigerated air dryers.

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Membrane Air Dryers Market: Drivers & Restraints

Additionally, hygiene consideration in food & beverages particularly in meat and dairy industry is another major reason fuelling the demand in membrane air dryer market. However, excessive water in compressed air (either in liquid or vapour phase), corrosion in piping and equipment can cause a variety of working problems and issue in the growth of the global membrane air dryer market.

Membrane Air Dryers Market: Region-wise Outlook

The global membrane air dryers market is geographically segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. North America is the fastest growing market and holds the major market share in the global membrane air dryers market.In North America and Europe, certain government rules and regulation along with standardization in food & beverages industry, is expected to drive the growth in the membrane air dryers market.The region is expected to grow at a double digit CAGR during 2015 to 2025.

Membrane Air Dryers Market: Key Players

Some of the key market participants in the global membrane air dryers includes Donaldson Company Inc., Sullair, Parker, Pentair, Gardner Denver, Inc., and Atlas Copco Corp, among many others.

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

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The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

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 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.

Membrane Air Dryers Market: Segmentation

On the basis of product types, the global air dryers market can be segmented into:

  • Porous (leading product segment)
  • Non-Porous

On the basis of application, the global air dryers market can be segmented into:

  • Medical
  • Food & Beverage (anticipated to witness high growth over the forecast period, 2015-2025)
  • Industrial
  • Telecommunication
  • Electronics
  • Other (truck and train air brake systems)

Read More:

https://descubre.beqbe.com/global-metal-recycling-equipment-market

https://cigarbook.mn.co/posts/26962788?utm_source=manual

https://adhipatialumni.com/blogs/51485/Metal-Recycling-Equipment-Market-2022-Segmentation-and-Analysis-by-Recent

https://club.vexanium.com/post/metal-recycling-equipment-market-report-size-growth-demand-scope-opportunit–63217f4024d68f4bbbefba0d

https://spider-web.mn.co/posts/26962837?utm_source=manual

https://www.snipesocial.co.uk/blogs/127243/Metal-Recycling-Equipment-Market-Share-Development-by-Companies-Outlook-Growth

Temperature Controlled Pharma Packaging Solutions Market is projected to rise at 7.8% CAGR and reach a valuation of US$ 7.4 Bn by 2030

The market for temperature-controlled pharmaceutical packaging solutions is anticipated to grow at a 7.8% CAGR and increase from US$ 4 billion in 2022 to US$ 7.4 billion in 2032. Temperature controlled pharma packaging solutions currently account for 45% share of the global temperature controlled packaging market. A new study of Future Market Insights (FMI) on the global temperature controlled packaging solutions market has projected the market valuation to surpass US$ 9 Bn by the end of forecast period, 2020 – 2030. However, the market is most likely to witness a decline in the first two quarters.

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The temperature controlled pharma packaging solutions are recyclable and cost-effective. These systems are designed and validated as per the standards for ensuring product safety. The temperature controlled pharma packaging solutions are primarily used for packaging of biological products and samples, vaccines, pharmaceutical ingredients, and many others. 

Complications across supply chains, caused by the worldwide coronavirus outbreak further accelerate the need for enhanced shelf-life of pharma products during shipment and cold storage. Growing preference for active packaging solutions among end users will also be important trend over the next decade. 

Key Takeaways of Temperature Controlled Pharma Packaging Solutions Market Study 

  • Insulated shippers will hold a maximum market share during 2020-2030, attributable to extreme temperature control. 
  • EPS foam containers type of insulated shipper is expected to remain lucrative in terms of market share and incremental revenue opportunity, during 2020-2030 
  • As per FMI analysis, the temperature controlled pharma packaging solutions are mostly used for chilled applications. This application segment is expected to expand by 150 bps of current market share, by 2030. 
  • North America is expected to hold the leading position in the global temperature controlled pharma packaging solutions market in the next decade. 

Temperature Controlled Pharma Packaging Solutions Market Landscape 

The global temperature controlled pharma packaging solutions market is highly competitive and local and unorganized players are participating to leverage the significant growth opportunities. Key players focus on product innovation and acquisitions with an aim to increase their global presence and customer base in the global temperature controlled pharma packaging solutions market. 

For Instance, 

  • In January 2020, Sonoco Products Company acquired Thermoform Engineered Quality, LLC, and Plastique Holdings, LTD, a leading manufacturer of thermoformed packaging serving healthcare, medical device and consumer markets, from ESCO Technologies, Inc. by investing US$187 million. Through this acquisition the company is planning to enhance its product portfolio and increase customer reach. 
  • In February 2020, Pelican Biothermal announced the opening of a network station in Toronto to service its Crēdo™ on Demand rental program.  

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Key Companies Profiled

  • Sonoco Products Company
  • Pelican Biothermal
  • Sofrigam SA Ltd.
  • Cryopak
  • Cold Chain Technologies
  • Envirotainer Ltd.
  • va-Q-tec AG
  • Inmark Packaging
  • American Aerogel Corporation

About Temperature Controlled Pharma Packaging Solutions Market Report 

Future Market Insights, in its new report, offers an unbiased analysis of the global temperature controlled pharma packaging solutions market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study offers growth projections on the temperature controlled pharma packaging solutions market based on product (insulated shippers {panels and envelopes, fiberboard, EPS foam container, and PUR}, insulated containers {chest style and upright style}, insulated protective shippers, and others) and application (frozen, chilled, and ambient) across seven key regions. 

Key Segments Of Temperature Controlled Pharma Packaging Solutions Industry Survey

Temperature Controlled Pharma Packaging Solutions Market By Product :

  • Insulated Shippers
    • Panels and Envelopes
    • EPS Foam Containers
    • Fiberboards
    • PUR Containers
  • Insulated Protective Shippers
  • Insulated Containers
    • Chest Style
    • Upright Style
  • Others (Refrigerants, Gel, Icepacks, Phase Change Materials, etc.)

Temperature Controlled Pharma Packaging Solutions Market By Application :

  • Frozen Temperature Controlled Pharma Packaging Solutions
  • Chilled Temperature Controlled Pharma Packaging Solutions
  • Ambient Temperature Controlled Pharma Packaging Solutions

Temperature Controlled Pharma Packaging Solutions Market By Region :

  • North America Temperature Controlled Pharma Packaging Solutions Market
  • Latin America Temperature Controlled Pharma Packaging Solutions Market
  • Europe Temperature Controlled Pharma Packaging Solutions Market
  • East Asia Temperature Controlled Pharma Packaging Solutions Market
  • South Asia & Pacific Temperature Controlled Pharma Packaging Solutions Market
  • Middle East & Africa (MEA) Temperature Controlled Pharma Packaging Solutions Market

Ask an expert here @ https://www.futuremarketinsights.com/askus/rep-gb-1446

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
LinkedInTwitterBlogs
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Protein Films Market is likely to advance at a CAGR of 5.9% through 2032

The market for protein films is anticipated to reach US$ 1.2 billion in 2022. By 2032, the market is anticipated to grow at a CAGR of 5.9% and reach US$ 2.2 billion.

In recent years, the adoption of edible packaging materials over synthetic films is expected to have increased the market share of protein films. During the forecast period, this packaging causes a rise in demand for protein films.

Additionally, the usage of protein films can be extended to the packaging of food items, particularly products, in discrete little pieces. It is also utilised for other packaged goods like beans, almonds, and cashew nuts, which are anticipated to drive market trends for protein films.

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Since protein films are superior to those made of polysaccharides and fat, their demand is increasing. The proteins’ distinctive structure gives them a variety of useful features, most notably a high intermolecular binding potential. These elements are probably going to accelerate the market growth for protein films throughout the anticipated year.

Because protein films and coatings are easily compostable and biodegradable, their use is increasing. Protein films are expected to grow in popularity as they disintegrate since they act as a supply of nitrogen, which benefits fertiliser. Collagen, gelatin, and soy protein films, among others, are categorised based on product and are projected to drive recent expansion in the protein films market.

How is the North America Protein Films Market Growing?

North America is anticipated to dominate theprotein films market sizeby acquiring 21% of the share in theprotein films market.

Due to growing advanced technologies and caters wide-scale technological adoption in protein films are rising theprotein films market share. Further with the advent of companies in nanotechnology,demand for protein filmsis anticipated to shoot up over the end of the forecast period.

Who are Some of the Key Competitors in the Protein Film Market?

Some of the prominent market players in the protein films market are:

  • Davisco
  • Proliant Inc. (USA)
  • Fonterra (USA)
  • Tate and Lyle
  • The Solae Company
  • Cargill
  • Werner Mathis USA Inc.
  • Mocon Inc.
  • Monosol, LLC
  • Watson Inc.

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These key players are focusing on the product as a point of consumers’ need with their various technical methods some of them are partnerships, product launches, and mergers. The company’s collaboration and acquisitions are also taking place to expand the business all around the region.

Recent Developments in the Protein Films Market are

Recently, IASST Guwahati Institute developed the ultrathin monolayer protein films which are more flexible as compared to other protein films. It consists of two proteins including bovine serum albumin and other is lysozyme. They used Langmuir-Blodgett methods to give thickness.

Key Segments

By Material Type:

  • Collagen films
  • Gelatin films
  • Corn zein films
  • Wheat gluten films
  • Soy protein films
  • Casein films
  • Mung bean protein films

By End User:

  • Food & beverages
  • Pharmaceuticals

By Regions:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Report Customization available @ https://www.futuremarketinsights.com/customization-available/rep-gb-4586

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
LinkedInTwitterBlogs
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com