Passion Fruit Extract Market Attract Those Consumers who are more Inclined Towards Natural or Color Cosmetics

The global passion fruit extract market for personal care and cosmetics market includes global industry analysis opportunity assessment 2022 – 2029. The report investigates the passion fruit extract market and provides critical insights for the forecast period of 2022-2029.

As per findings of the report, the global passion fruit extract market is projected to experience significant growth over the forecast period, due to multiple driving factors such as increasing use of fruit ingredient in cosmetics products and increasing consumption of anti-ageing and skin care products.

The global passion fruit extract for personal care and cosmetics market to reach a valuation of US$ 587.8 Mn in 2022, and is expected to increase at a CAGR of 8.3% during the forecast period of 2022-2029. This growth of passion fruit extract market is majorly driven by the increasing use of passion fruit extract as an ingredient by the cosmetics companies, in the view of increasing customers demand for innovative ingredient with multiple features.

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East Asia and South Asia to Present Lucrative Opportunities

Regions such as South Asia and East Asia are expected to witness a rapid growth for the passion fruit extract for personal care and cosmetics market, considering continuous innovations adopted by cosmetics companies. Moreover, significant production of passion fruit in the Asia region, especially in China, is fuelling the growth of the passion fruit extract market in terms of volume.

However, North America and Europe are expected to hold a significant share in the global passion fruit extract for personal care and cosmetics market, due to presence of significant cosmetics industry in the regions. Companies in these regions are principally involved in importing the passion fruits from Latin America, Japan, and Southeast Asia for use in manufacturing cosmetics products.

Furthermore, cosmetics companies focusing on passion fruit extracts are expected to penetrate in the Latin America, as the region accounts for relatively large production of passion fruits. Brazil is expected to hold ~ 70% share in the global production of passion fruits.

Penetration in Latin America could help companies to reduce the import cost for passion fruit and thus, help them witness a significant growth in the passion fruit extract for personal care and cosmetics market in terms of both value and volume.

Increasing Use of Passion Fruit Seeds Oil as Ingredient Significantly Fuelling Growth of the Market

The global market for passion fruit extract for personal care and cosmetics has been segmented on the basis of species, source, application, form, extraction method, nature, and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa.

  • By species, the Pass flora flavicarpa is expected to hold prominent value shares in the passion fruit extract for personal care and cosmetics market. This has majorly resulted from high production and great source of vitamin C and its significant use in the anti-ageing cosmetics.
  • On the basis of form, the powder segment is expected to hold a significant share in the passion fruit extract for cosmetics market.
  • On the basis of application, the skin care segment is expected to hold a significant market value share in the global passion fruit extract for personal care and cosmetics market due to increasing customer’s awareness towards skin care products.

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Passion Fruit Extract for Personal Care and Cosmetics Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global passion fruit extract market for personal care and cosmetics market. Some of the examples of key players in the global market are MakingCosmetics Inc. Passi AG (Concentra Holding AG), Caribbean Natural Products, Inc., Dennick Fruitsource, LLC, NOF Corporation, Jedwards International, Inc., Natural Sourcing, LLC, Symrise, BERACA, Bio-Botanica, Inc., Amazionia Bio, Extrair Óleos Naturais, and others.

The global passion fruit extract for personal care and cosmetics market is significantly consolidated with some players holding prominent shares of the market. These players are offering passion fruit extract for cosmetics under the brands such as Elastocoat®, SherLastic, PERMA-CRETE® PITT-FLEX®, and TEKNOPUR, among others.

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Inkjet Printers Market Assessment and Key Insights Analyzed Till 2028

Future Market Insights delivers vital insights on the inkjet printer market in its published report, titled “Inkjet Printers Market: Global Industry Analysis (2013-2021) and Opportunity Assessment (2022-2028)”. In terms of revenue, the global inkjet printers market is projected to expand at a CAGR of 6.5% during the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in this report.

Markets on a local, regional, and worldwide level are investigated while generating the report. Businesses must adopt world-class solutions, such as this market research report, to thrive in this ever-changing market landscape. This industry study compiles a wealth of company, product, and market-related data based on the needs of the customer, ultimately assisting firms in developing better strategies. This premium market research report is the result of the meticulous efforts of professional forecasters, well-versed analysts, and informed researchers.

The global inkjet printers market is expected to be valued at over US$ 52.1 Bn in 2022 and is expected to procure significant market value during the forecast period. The market is likely to record at a CAGR of 6.5% from 2022 to 2028.

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Inkjet printers are non-contact printers which use a nozzle to propel the ink on the substrate. The nozzle of inkjet printers is controlled digitally. Different inkjet printers are used according to the various applications. Single and multifunctional inkjet printers are used in institutions like offices, schools, and colleges. Large format inkjet printers are used to print posters, photographs. Industrial inkjet printers are used for marking, coding, and printing labels generally for packaging. While inkjet press is used for bulk printing such as books, catalogues, and magazines.

In the report, FMI suggests that multi-functional and large format inkjet printers segments are expected to play a critical role in the growth in demand for inkjet printers during the forecast period. Inkjet printers due to lower investment cost and high print quality are expected to witness an increase in preference over counterparts such as laser printers which are used in many emerging countries.

The APEJ is expected to spearhead the global growth in the inkjet printers market. The presence of radially emerging economies, increasing living standards, and the large urban population are expected to be the critical drivers for the growth of inkjet printers market in the region. According to FMI, multifunctional inkjet printers are expected to have the largest market share in the inkjet printers market in the region due to the versatility of the multifunctional inkjet printers and increased penetration of multifunctional inkjet printers in offices, schools, colleges, and other institutes. China is expected to outpace the other countries in growth of inkjet printers market in the APEJ.

North America and Western Europe are projected to witness stagnant growth due to the maturity of the inkjet printers market in the regions. The US in North America and Germany in Western Europe are expected to have the largest market share because of the higher preference of the consumers for inkjet printers over other printers. However, the large format inkjet printers are estimated to have maximum growth in the region due to the increasing trend of adopting large format printers for the poster printing in advertisement and the professional photo printing.

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Latin America and MEA are expected to be the promising markets in the global inkjet printers. The emerging economies in North Africa and Latin America, specifically Argentina and Mexico, are expected to represent high incremental opportunities due to increased penetration of inkjet printers into end-user industries. The paper segment, by substrate type segmentation of inkjet printers market, is expected to have the highest share in the inkjet printers market of Latin America and MEA due to the higher consumption of copier papers in the regions.

Japan accounts for a smaller share in the global inkjet printers market. However, Japan-based companies such as Seiko Epson Corporation, Canon Inc., and Brother Industries Ltd combine to have the highest market share in the global inkjet printers market.

The companies involved in inkjet printers manufacturing have their key focus on enhancing the ink carrying capacity of the inkjet printers and to increase the global footprint through acquisitions and expansions. The manufacturers of inkjet printers are likely to eye the profitable region of Asia Pacific in the coming years. Mass urbanization in these countries, coupled with improved standards of living, is expected to be the key driving force behind growth in demand for inkjet printers.

Key players considered in the report on inkjet printers market include HP Inc., Canon Inc., Brother Industries, Ltd., Seiko Epson Corporation, Xerox Corporation, Hitachi Industrial Equipment Systems Co., Ltd, Lexmark International Inc., Domino Printing Sciences plc, Inkjet, Inc., Markem-Imaje Corporation, and Videojet Technologies, Inc.

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Inkjet Printers Market by Category

By Printer Type:

  • Single functional Printers
  • Multi-functional Printers
  • Large Format Printers
  • Industrial Inkjet Printers
  • Textile Inkjet Printers
  • Inkjet Press

By Technology Type:

  • Continuous Inkjet
  • Drop on Demand
    • Thermal DOD
    • Piezoelectric DOD

By Substrate:

  • Plastic
  • Metal
  • Paper
  • Fabric
  • Ceramic
  • Others

By End-use Industry:

  • Consumer
  • Institutional
  • Industrial
    • Packaging
    • Publishing
    • Photography
    • Textile
    • Advertisement

By Region:

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

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Blow-Fill-Seal Equipment Market Expectations & Growth Trends Highlighted Until 2028

The global Blow-Fill-Seal Equipment Market is expected to expand at a CAGR of 5.9% by the end of the forecast period (2022-2028). Growth in the market is underpinned by rapid development and advancement in packaging industries, coupled with rising application in diverse end-use sectors.

Increasing demand for aseptic packaging in the pharmaceutical industry is projected to be a critical factor driving the sales of blow-fill-seal equipment-required for packaging forms including vials, bottles, prefilled syringes, and ampoules. Moreover, unique ability of blow-fill-seal equipment to pack formulated drugs in clean and contamination free environment, without any human interface, thereby increasing the product safety, is also projected to increase the demand for blow-fill-seal equipment, during the assessment period 2022-2028.

Other than liquid filled containers, packaging of different types of ointments, gels, and food products including soft drinks and milk products, is also expected to influence the global blow-fill-seal equipment market. However, the pharmaceutical industry is evaluated to hold a lion’s share to the tune of nearly 90% of the global blow-fill-seal equipment market.

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Ever since the inception of blow-fill-seal equipment, the technology has remained a sustainable process for packaging biological products, considering its aseptic nature and high automations and low production errors. Moreover, increasing pharmaceutical demands for efficient drug packaging through smaller batch size production, efficient time-to-market, and less API waste would also drive the blow-fill-seal equipment market.

Given the risks associated with glass vials and syringes, plastic for blow-fill-seal equipment is evaluated to dominate the global blow-fill-seal equipment market. Chances of either glass fragments entering the patient’s body or glass packaging breaking during production or transportation are some key factors complementing the demand for plastic containers made though blow-fill-seal technologies.  To address packaging limitations including delamination (flaking) and breakage, the pharmaceutical industry is also moving towards alternative packaging formats like polymer containers, enabling a broad array of designs similar to blow-fill-seal packaging. Additionally, universal acceptance of blow-fill-seal equipment and technologies by various global authorities including FDA, EMEA, and USP will further boost the growth of global blow-fill-seal equipment market.

“The Food and Drug Administration’s (FDA’s) has characterized blow-fill-seal technology as an advanced aseptic processing machine. Government and regulatory bodies’ positive nod to BFS technology in the packaging of liquid products is a critical factor driving the blow-fill-seal equipment market, globally. However, high initial set up cost including operator training, establishing technology-specific quality systems, allocation of validation resources is projected to restrict the sales of blow-fill-seal equipment in the global market”, Lead Analyst, Packaging Industry, Future Market Insights

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FMI predicts further increased adoption of blow-fill-seal equipment in the next five years, considering growing acceptance in the beverages packaging industry for in-house container development and filling. Customized blow-fill-seal equipment are expected to eliminate the need for raw material warehousing along with handling process, especially in cold drink companies looking for efficient and economical in-house BFS packaging facilities. Moreover, enhanced sealing and leak proofing offered by blow-fill-seal equipment is projected to drive the market, as it would further reduce the material and time consumption during secondary packaging in pharmaceutical and F&B industries.

Given to the growing demand of blow-fill-seal equipment for clean packaging, manufacturers are developing highly efficient with high output capacity. Increased research and development activities among manufacturers to step up the innovations in the global blow-fill-seal equipment market will further drive up the adoption.

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The global blow-fill-seal equipment market is a monopoly to Rommelag, holding close to 90% of the total market share. However, tier-3 manufactures including Brevetti Angela S.R.L., Serac Inc. and SIPA S.p.A are expected to contribute majority of revenue share in the global blow-fill-seal equipment market. In terms of forward market strategies, New Product Development (NPD) and strategic collaborations would be the way ahead for many top players in the global blow-fill-seal market. For more insights on the competitive landscape of the global blow-fill-seal 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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Ring Pull Caps Market Comprehensive Shares, Historical Trends And Forecast By 2028

The global market for ring pull caps is expected to be driven by rising demand for convenience packaging and bottle opening solutions. By simply pulling the ring on the top of the products, ring pull caps Market make it easy to open bottles, cans, and tins. This also eliminates the need for an opener, which was previously required to open a crown cap.

The ring pull caps market is expected to grow at a CAGR of 5.0 percent from 2022 to 2028, from US$ 359.1 million in 2022 to US$ 480.8 million in 2028. According to Future Market Insights’ research, the aluminum sector of the ring pull caps market is expected to account for over 70% of market share in 2022, and its market value is expected to grow at a CAGR of 5.0 percent from 2022 to 2028.The APEJ region is predicted to lead the ring pull caps market in 2022, with a market share of 32.3 percent.

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Aluminum to Remain the Most Preferred Material; Increasing Demand for Tin-Free Ring Pull Caps to Propel the Market

Ring pull caps made of aluminum are likely to hold a major market share, whereas steel ring pull caps is projected to witness higher growth over the forecast period, primarily driven by the demand of chrome plated steel caps or tin-free caps. The lower price and barrier properties of the aluminum caps are some key factors driving the adoption of aluminum ring pull caps. In terms of end-use, beer industry is expected to witness highest adoption of ring pull caps, creating highest incremental opportunity, followed by soft-drinks.

Manufacturers of functional beverages, fruit juices, ciders, spirits and wines are gradually favoring ring pull caps for the glass bottles owing to rising demand for convenience.

Steel is generally coated with tin for protection from corrosion. Chrome oxide coating is gradually replacing tin coating on the steel, making the tin-free steel highly suitable for adhesion of coating, inks, and paints, further increasing the printability of the ring pull caps. With comparatively lower manufacturing cost, increasing demand for tin-free ring pull caps is likely to push the global market for ring pull caps.

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Increasing Beer Production in APEJ to Open Opportunity Doors for Ring Pull Caps Manufacturers

As per a recently concluded market analyses, developing nations of APEJ and Latin America are expected to present investment opportunities to manufacturers of ring pull caps owing to rapid production of beer over the last decade, in the aforesaid regions. Since 2006, Vietnam has witnessed a growth of more than 200% in the production of beer.

On the other hand, key market players are focusing on expanding their production in APEJ, considering the region produces nearly 1/3rd of the total beer production, globally. On the other hand, declining beer production in North America, Japan, and some European countries has further impacted the ring pull caps production.

Design Advancements to Further Fuel Ring Pull Caps Adoption

Advancements in design such as tin free caps and crown type ring pull caps will further contributed to the increasing demand for ring pull caps across the globe. To attract more end-consumers, key market players are making efforts to improve the overall the design of ring pull caps resulting in chrome plated ring pull caps, metal cap with plastic ring to reduce the overall weight of the cap, crown type ring pull cap with ring rigidly attached to the top of the cap, oxygen scavengers for the preservation of the alcoholic beverages for long a time period among others.

Moreover, focus on enhancing other aesthetics is also being considered using advanced metal printing techniques such as flexo-offset hybrid printing, creating more opportunities in the global ring pull caps market. Inefficient designs including diameter and strength of the ring could restrain the growth of ring pull caps 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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Stretch Films Market Size, Share, Trends, Industry Analysis : Research During The Ongoing COVID-19 And Research Methodology By Forecast to 2030

Rising demand for lightweight and environmentally sustainable materials for packaging is expected to propel growth in the stretch films market, finds Future Market Insights (FMI) in a new study. Stretch films are highly engineered stretchable films used in packaging applications due to their elasticity and pliability. They are used to provide superior packaging since they possess moisture and air resistance properties.

Increasing demand in ecommerce and food & beverages sector for bulk packaging is expected to drive the market growth. These films ensure strong and time saving packaging, making it a popular product in the market. Increasing caution regarding hygiene and concerns regarding the environment have increased demand for stretch films as they provide air tight packaging and can be recycled or incinerated following usage.

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Key Takeaways from the Stretch Films Market Report

  • The stretch films market is expected to grow at a CAGR of 4.7% due to increasing demand for safe and efficient packaging
  • South Asia is expected to offer lucrative growth opportunities to the market applications of stretch films in the food and beverages industry continue to rise
  • Linear low density polyethylene (LLDPE) will remain the preferred polyethylene due to demand for damage resistant packaging during product transportation
  • Demand from the food and beverages industry is expected to grow due to increasing use of stretch films for strong and lightweight packaging

“Restrictions imposed on single use plastic and plastic bags across various nations have been posing threat to market players. These regulations have been encouraging paradigm shift to eco-friendly materials. Some of the leading manufacturers are committing to sustainability by introducing recycled stretch films. The market is expected to gain momentum as it transitions towards eco-friendly alternatives of polyethylene and other plastics used as material sources,” says an analyst at FMI.

COVID-19 Impact Analysis

The COVID-19 pandemic has affected most sectors including the stretch films market. There had been a decrease in demand for stretch films, which has in turn adversely affected the industry. Lack of availability of raw materials due to transport restrictions and fluctuating material prices have been hindering growth. According to FMI, the market’s growth receded below 1% CAGR in 2022. Nonetheless, it is expected to gradually recover 2023 onwards. Increasing demand for safe packaging is expected to increase growth in the market following the pandemic.

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Who Is Winning?

Companies operating in the market are alternatives to increase sustainability. Innovations and advancements by leading players are intended to gain competitive advantage in the market.

Megaplast introduced ‘Fiber Stretch Films’ that contain 30% PCR content that enable recycling and are an eco-friendly choice.

Barbier Group’s Recyplast is integrated using 20% of real post consumer waste. Their down gauged films display 15% cost reduction.

Some of the key players in the stretch films market are Dow Chemical Company, Norflex, ERGIS Group, Veritiv Corporation, Berry Plastics, Paragon Films, Intertape Polymer Group, AEP Industries Inc., Sigma Stretch Film Crop., Anchor Packaging Inc., Scientex Berhad, Coveris Inc., Smurfit Kappa Group, Vishakha Polyfab, Allen Plastic Industries Co. Ltd., Interplast Group and Manuli Stretch.

Valuable Insights into The Stretch Films Market Report

Future Market Insights (FMI) has presented a detailed analysis on the stretch films market with an assessment for the years 2020-2030. The market has been segmented in order to provide enhanced comprehension. On the basis of material, the market is divided into polyethylene (linear low density polyethylene [LLDPE] and low density polyethylene [LDPE]), polypropylene (PP), polyvinyl chloride (PVC) and others. The LLDPE segment is predicted to dominate the market due to its strong packaging abilities and varied usage.

The market is segmented based on the manufacturing process into cast stretch film and blown stretch film. On the basis of end use, the market is segregated into constructions, food & beverages, pharmaceuticals, consumer product, paper, textile and chemicals & fertilizers. The food and beverages industry display major growth due to increased demand for air resistant materials in packaging. Based on the geography, the market is divided into North America, Latin America, Europe, East Asia, South Asia, Middle East & Africa and Oceania.

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About Us

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

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Future Market Insights Inc.

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Pallet Boxes Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2028

Before long, pallet boxes will keep on standing firm on serious areas of strength for a situation. During the gauge time frame 2022-2028, the worldwide pallet boxes market will be driven by a developing spotlight on effective assembling tasks. The worldwide pallet boxes market is supposed to be worth US$ 2.3 billion out of 2022, ascending at a CAGR of 4.5 percent to US$ 3.0 billion by 2028.

By 2028, the overall pallet boxes market will represent generally 3.2 percent of the US$ 95 billion worldwide pallet industry. As per the most recent Future Market Insights (FMI) examination, interest for modified pallets is expected to arrive at US$ 184.5 million of every 2022, developing at a CAGR of 5.7 percent from 2022 to 2028.

APEJ and North America are supposed to represent a sizable piece of the worldwide pallet truck market. To emphatically affect the requirement for pallet boxes in India, significant assembling ventures in India are teaming up with stockroom suppliers and re-appropriating their administrations.

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Pallet boxes are turning out to be more well known in MEA because of the locale’s quick development in transportation and strategies. Pallet boxes are a basic connection in the production network and capacity, and rising exchange volume arising countries is supposed to be a significant driver impacting the market.

The Most Popular Pallet Boxes are Plastic and Block Pallet Boxes.

Plastic pallet boxes are expected to become a more popular bulk packaging choice in the future years, according to FMI. Pallet boxes constructed of plastic are lighter and more suitable than wooden and metal ones, maximising volume utilisation of items throughout distribution and keeping produce fresh when used to transport food grains, fruits, and vegetables. Depending on its usability, plastic pallet boxes are likely to find a position among processed food businesses as well.

However, due to high costs involved in incorporating advanced packaging technologies like palletization into industries and poor supply chain infrastructure in emerging economies like India, low or negligible adoption of advanced packaging technologies like palletization could have a negative impact on the growth of the pallet boxes market. Furthermore, the rise in pallet pooling and manufacturers’ adoption of plastic pallet boxes, which have a longer life, are two major restraints on the worldwide pallet box market.

Country-wise Insights

What is Regional Outlook can be Seen for Italy based Pallet Boxes Market?

Italy will hold market share of more than 18% for the Western Europe pallet boxes market in the year 2022. According to The European Chemical Industry Council, the European chemical industry is a wealth generating sector of the economy and a major contributor to building a sustainable future for Europe USD 612 billion turnover and USD 10.4 billion R&I investments. Moreover, in Italy the chemical industry generates USD 57.4 billion.

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How the Expansion of Automotive Industry Fuel Demand for Pallet Boxes Market in United States?

The United States market for pallet boxes shall grow at a CAGR of 3.6% during the forecast period. As per Invest India, a National Investment and Facilitation Agency, by 2025, construction market in India is expected to emerge as the third largest globally and construction equipment industry revenue stood at USD 6.5 Bn in 2020. The vast construction sector of the country is anticipated to create significant demand for pallet boxes market during the foreseeable future.

Competitive Landscape

The key manufacturers operating in pallet boxes market are focusing on increasing their production capacity to meet the increasing demand for pallet boxes. Moreover, the key players are increasing their product portfolio to cater for the growing pallet boxes market.

  • In October 2021, The Craemer Group comes with its latest product development which is the large-volume CB3 high pallet box with a capacity of around 1,000 litres.
  • In March 2020, Exporta, the UK’s product handling experts have added a new base entry level model of their hercules collapsible plastic pallet box to their range at an amazing price level.

Pallet Boxes Market by Category

By Material:

  • Wooden Pallet Box
  • Plastic Pallet Box
  • Metal Pallet Box
  • Paper Pallet Box

By Pallet Type:

  • Block Pallet
  • Stringer Pallet
  • Customized Pallet

By End-use Industry:

  • Agriculture & Allied Industries
  • Building & Construction
  • Chemical & Pharmaceutical
  • Food & Beverages
  • Engineering Products
  • Textile & Handicraft
  • Automotive
  • Other Industries

About Us

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

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

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Agriculture Packaging Market Report | Size, Growth, Demand, Scope, Opportunities and Forecast 2021-2031

The global market for agricultural packaging is anticipated to grow at a CAGR of 5.4% over the forecast period, from 2021 to 2031, totaling US$ 6,152 Mn in 2021.

The demand for sustainable agricultural products is on the rise due to the increasing oceanic pollution coupled with high usage of plastic packaging. As a result, the requirement for convenience packaging of agricultural products will soar, largely contributing to the market growth.

Also, with rise in disposable income across developing countries, consumers have increased the consumption of packaged foods, which in turn supporting the market growth.

Agricultural packaging manufacturers are increasingly focusing on offering sustainable packaging solutions including bags, pouches and bottles to consolidate their footprint. The market will continue showcasing steady rate of growth especially on account of expansion of e-commerce sector globally.

Apart from this, surging adoption of agrochemicals will give tailwinds to the sales of agricultural packaging.

Among various products, the bags/bins and pouches segment is forecast to grow at over 5.8% cumulatively over the forecast period, accounting for over 70% of market share in 2021. Meanwhile, in terms of materials, the plastic agriculture packaging segment will gain traction in the market due to easy availability of plastics.

Growth prospects for the North America market are likely to remain positive driven by increasing export and production of agriculture packaging products in the U.S. As per FMI, the North America market for agricultural products will expand at 4.4% in 2021.

“Increasing investment in research and development activities in the packaging industry will boost the market. Besides this, the implementation of strict laws regarding usage of non-biodegradable packaging for insecticides and pesticides will create a conducive environment for growth,” said a FMI analyst.

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Key Takeaways from Agriculture Packaging Market Survey

  • North America will remain a dominant market, expanding at a CAGR of 4.4% in 2021.
  • Asia Pacific excluding Japan (APEJ) is anticipated to register a highest CAGR of 6.9% over the forecast period 2021-2031.
  • Based on product, the demand for the bags/bins and pouches segment is estimated to grow at a CAGR of 5.8% over the forecast period, accounting for over 70% of market share in 2021.
  • Europe market for agricultural packaging is estimated to rise at 3.7% CAGR driven by increasing export and production in Germany, France and other countries.
  • Japan and South Korea are projected to exhibit growth at a CAGRs of 13% and 8% respectively of East Asia in 2021.

Key Drivers

  • Increasing demand for effective storage and transport of pesticides and fertilizers is supporting the market growth.
  • Adoption of agrochemicals and biologicals is driving the growth of the agricultural packaging market.
  • Increasing preference for e-commerce retailing is significantly contributing towards agricultural packaging sales.

Key Restraints

  • Volatility in the cost of raw material is a key factor impeding growth of agricultural packaging market.

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Competitive Landscape

Agricultural packaging market manufacturers are focusing on acquisitions, partnerships and new product offerings to expand their market footprint and gain a competitive edge in the market.

For instance, in 2021, Mondi announced the acquisition of Olmuksan, a leading Turkish corrugated packaging producer. With this acquisition, Mondi expands its presence in the region, fostering operational improvements and paper integration upside.

In 2021, Polysack, a global leader for manufacturing flexible packaging film products, collaborated with an Italian packaging manufacturer Flessofab and introduced a series of recyclable, eco-friendly, and stand up pouch packaging for large variety of applications.

Some of the leading players operating in the agriculture packaging market profiled by FMI are:

  • Bemis Company, Inc.
  • Sonoco Products Company
  • Mondi Group
  • LC Packaging International BV
  • Packaging Corporation of America
  • H.B. Fuller Company
  • Atlantic Packaging
  • NNZ Group
  • Parakh Agro Industries Ltd.
  • International Paper Company
  • DS Smith Plc
  • Smurfit Kappa Group Plc
  • KapStone Paper and Packaging Corp
  • Silgan Holdings, Inc.
  • Tetra Pak International S.A.
  • Greif, Inc.
  • Time Technoplast Ltd.
  • Berry Global, Inc.
  • Proampac LLC
  • Klöckner Pentaplast Group

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More Valuable Insights on Agriculture Packaging Market

FMI, in its new report, offers an unbiased analysis of the global agriculture packaging market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in agriculture packaging market with detailed segmentation:

By Product Type:

  • Pouches
  • Bags / Bins
  • Silo bags
  • Clamshells
  • Bottle
  • Trays
  • Bulk Containers
  • Others

By Material Type:

  • Plastic
  • Rigid
  • Flexible
  • Paper Board
  • Corrugated Board
  • Carton board
  • Glass
  • Jute
  • Others

By Barrier Type:

  • Low-barrier
  • Medium-barrier
  • High-barrier

By Application:

  • Seeds & Pesticides
  • Silage
  • Food grains
  • Vegetable & Fruits

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.

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Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Bulk Bags Market Key Players, End User, Demand and Consumption by 2028

A New Syndicate Bulk Bags Market Study is added in FMI database compiled covering key business segments and wider geographical scope to get deep dive analyzed market data. Bulk Bags Market presents detailed competitive analysis including the market Share, Size, Future scope. This study categorizes the global Bulk Bags Market breakdown data by manufacturers, region, type and applications, also analyzes the market drivers, opportunities and challenges. Bulk Bags Market Report will add the analysis of the impact of COVID-19 on this industry.

The study brings a perfect bridging between qualitative and statistical data of Bulk Bags Market. The study provides historical data (i.e. Consumption & Value) and forecasted.

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The bulk bags market is estimated at US$ 5.3 billion in 2022 and is projected to reach US$ 8.0 billion by 2028, at a CAGR of 6.0% from 2015 to 2021.

The study conducted by FMI estimates that the global bulk bags market value will expand 1.6x during the forecast period which is expected to generate lucrative investment opportunities for manufacturers. Newly released data from bulk bags market analysis shows that global demand of overall bulk bags market is estimated to reach year-on-year (YoY) growth of 6.9% in 2021.

Bulk bags have been increasingly used in industries such as chemical, food, agricultural, construction, mining, pharmaceuticals, and others. Because of their cost-effectiveness and convenience of use, the use and popularity of large bags has grown substantially over time. Bulk bags are in high demand due to their inexpensive carrying costs and increased efficiency in loading and unloading items and merchandise.

How are technological advancements like Modified Atmosphere Packaging (MAP) being used to extend the shelf life of products reshaping the bulk bag market dynamics?

Chemical, food, seed, and other product producers, suppliers, and distributors sell their products in marketplaces all over the world, therefore shelf-life stability is critical. Consumers want items that are free of artificial additives and preservatives. As a result, modified atmosphere packaging (MAP) has become the go-to solution for extending the shelf life of products.

The MAP is a cutting-edge packaging technology that allows you to control the amount of oxygen and CO2 in your package. Consumers and the environment are not harmed by MAP technology. MAP technology is used by FIBC producers in their product range.

For instance,                

  • In June 2021, Greif, Inc. enhanced MAPGuard with MAP technology to extend the shelf life of the products. MAPGuard is Greif Company’s flexible intermediate bulk containers (FIBC) range.

What is the Global Bulk Bags Market Impact of the COVID-19 Pandemic?

The Covid-19 pandemic had a rapid and widespread impact on manufacturers, supply chains, and global markets, including the bulk bag sector. Food and pharmaceutical products are frequently stored, carried, and transported in jumbo bags. Challenges such as logistical delays in shipping the bags were encountered all around the world. Due to supply chain disruptions and rising demand for food-grade bulk bags, there may be delays in product delivery.

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Bulk Bags Market Insights by Country

How big is the market for bulk bags in the United States?
In 2021, the bulk bags market in the United States will have a strong 81 percent market share in North America. According to Trade Map, the United States exported 20,317 tonnes of bags and sacks and imported 149,960 tonnes. The U-Panel bulk bag has become industry standard in the United States. Bulk bags are frequently utilised in disasters such as hurricane flooding, river overflows, and mudslides. Manufacturers are constructing bags to safeguard human lives and property from natural disasters, and large bulk bags are required to endure such disasters.

Bulk Bags market Competitive Landscape

As the consumption and adoption of bulk bags is increasing, the key manufacturers of bulk bags are focusing on innovation also cost-saving solutions that reduce freight cost, elimination of the pallets, partnership and, sustainability.

  • In 2020, Greif, Inc. introduced SealGuard™ the next generation of FIBC’s. It is a result of a customer-centric innovative approach to resolve the challenges in the current FIBC applications.
  • AmeriGlobe L.L.C introduced EZ Loop® bag, this bag eliminates the cost of the pallets and enhances ease of use and stability.
  • Berry Global Inc. manufactures flexible intermediate containers (FIBC) using FDA-approved materials like durable woven polypropylene.

Top Key Players Covered-

  • Berry Global, Inc.
  • Intertape Polymer Group
  • Conitex Sonoco,
  • AmeriGlobe L.L.C.,
  • Greif, Inc.,
  • Halsted Corporation
  • LC Packaging International BV
  • Rishi FIBC Solutions PVT. Ltd.
  • BAG Corp.
  • Sackmaker J&HM Dickson Ltd.
  • Emmbi, Inc.
  • Bulk Lift International, LLC.
  • Langston Companies Inc.
  • MiniBulk Inc.
  • RDA Bulk Packaging Ltd.
  • Jumbo Bag Ltd.
  • Yixing Weinet Packing Bag Co., Ltd.
  • Yantai Haiwan Plastic Products Co., Ltd.
  • Taihua Group
  • Bang Polypacks

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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

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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Impact of COVID-19 on PET Preforms Market Share, Size and Demand, Concludes FMI

Rising at a CAGR of 3.8% in terms of value, the PET preforms market is forecast to rise at a steady pace between 2020 and 2030. Future Market Insights (FMI) in its latest study has forecast growth opportunities to spur especially with industries taking measures to reduce the harm done to ensure maximum safety of the environment. Key players in the beverage packaging industry are updating the manufacturing processes and shifting to recycling programs.

In order to reduce carbon footprint, a shift in the trend is seen with respect to PET bottles. Bottles made from recyclable material is gaining a lot of traction in the market. Leading players in the industry are opting for beverage bottles made from recycled-PET materials in order to achieve sustainability of raw materials.

Additionally, this shift helps the companies improve their brand image in the eyes of the customers. Big players such as Coca Cola, Nestle and others proudly source a significant amount of its consumption from recycled materials.

Growing significance for sustainable packaging solutions with recyclable materials is driving the global PET preforms market. FMI offers a comprehensive overview of the market in its recent studies.

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Key Takeaways from the Report

  • PET preforms for bottles with capacity up to 500 ml to 1000 ml are expected to be the most lucrative segment by capacity type, during the forecast period of 2020-2030
  • Beverages industry is expected to be the largest consumer of global PET preforms demand by 2030 year end
  • Besides beverages, manufacturers across industries such as food, pharmaceutical, and home care too are taking steps towards sustainability, in turn fuelling demand for PET preforms for packaging
  • North America is the most lucrative market for PET preforms, closely followed by Europe
  • East Asia is expected to see the highest growth during the forecast period

“At a time when regulations are implemented to curb dependence on plastics for packaging, manufacturers within the PET preforms market are exploring recyclability of the material to stay relevant. PET remains widely used plastic today and manufacturers are focusing on various applications of recycled PET to counter threats” said a lead analyst at FMI.

Covid-19 impact

Covid 19 pandemic outbreak and the restrictions put forth because of it have impacted global PET preforms market heavily. The market is seeing a considerable decline in demand owing to lockdowns implemented across the world.

The spread of the novel corona virus across globe has disrupted supply chains, impacting packaging industry as well. As productions came to a standstill and transport became impossible due to lockdown restrictions, the industry suffered heavy losses.

Furthermore, shortage of raw materials and absence of labors and skilled workers from plants has aggravated the situation. Unfavorable market conditions, as consumer has become skeptical about his spending have added to the woes of the market.

However, the demand for PET preforms is expected to witness significant growth in the first quarter of 2021, as manufacturing activities resume and demand for PET preforms from end user industries restores to normal.

Who is winning?

Key players are expected to hold almost 20 % of the global PET preform market. However, market is highly fragmented and small and medium sized companies are predicted to contribute to the 80% of the remaining market.

Few key players in the PET preforms market are ALPLA Werke Alwin Lehner GmbH & Co KG, Plastipak Holdings, Inc., and Logoplaste UK Ltd., etc. are the top players operating in the PET preforms market. Furthermore, Retal Industries Ltd, Resilux NV, Societe Generale Des Techniques (SGT), Taiwan Hon Chuan Enterprises Co., Ltd., etc

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To know more about PET Preforms market

Future Market Insights, in its new report, offers an unbiased analysis of the global PET Preforms market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the PET preforms market on the basis of capacity (Up to 500 ml, 500 ml to 1000 ml, 1000 ml to 2000 ml, and more than 2000 ml), neck type (ROPP/BPV, PCO/BPF, Alaska/Bericap/Obrist, and others), end use (beverages {bottled water, carbonated drinks, RTD Tea & Coffee, juice, sports drinks, other soft drinks, and alcoholic drinks}, food, personal care, pharmaceuticals, home care, and others) across seven regions.

Key Segments Covered in PET Preforms Industry Research

PET Preforms Market by Capacity:

  • Up to 500 ml
  • 500 ml to 1000 ml
  • 1000 ml to 2000 ml
  • More than 2000 ml

PET Preforms Market by Neck Type:

  • ROPP/BPV
  • PCO/BPF
  • Alaska/Bericap/Obrist
  • Others

PET Preforms Market by End-use:

  • Beverages
    • Bottled Water
    • Carbonated Drinks
    • RTD Tea & Coffee
    • Juice
    • Sports Drinks
    • Other Soft Drinks
    • Alcoholic Drinks
  • Food
  • Personal Care
  • Pharmaceuticals
  • Home Care
  • Others

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PET Preforms Market by Region:

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

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

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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Composite Cardboard Tubes Market Forecast with Potential Impact, Despite COVID-19 Pandemic, Finds FMI 2022 – 2026

The worldwide composite cardboard tubes market is projected to procure a market worth of more than US$ 2 Bn in 2026 while recording a CAGR of 5.7% during the gauge time frame from 2022-2026.

Makers across ventures are zeroing in on new item improvement and item upgrade to snatch significant hold in the worldwide market. Various kinds of items are being sent across significant income pockets in the globe. Furthermore, makers are zeroing in on upgrading their perceivability through marking and item advancements. This has set off the utilization of appealing bundling arrangements.

The reception of composite cardboard tubes in bundling extravagance and premium items is developing at a higher rate as they offer both security usefulness and allure. These bundling arrangements are broadly utilized attributable to the comfort they offer combined with cost adequacy.

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As indicated by Future Market Insights, the interest for composite cardboard tubes is supposed to increment at a consistent rate all through the time of evaluation (2022-2026). Before the year’s over of evaluation, the offer of composite cardboard tubes is supposed to arrive at a worth of over US$ 2 Bn.

Leading players involved in manufacturing of composite cardboard tubes are focusing on enhancing the features of their products by incorporating more strength, higher flexibility and increased sustainability. Players such as Marshall Paper Tube Co., Inc., Chicago Mailing Tube Co., Paper Tubes & Sales, Heartland Products Group, Darpac P/L and Cactus Corrugated Containers Inc., are focusing on product differentiation and enhancing their product pipeline to cater to the growing demand for composite cardboard tubes worldwide.

Cosmetics and Personal Care End Use Industry to Offer Potential Opportunities for Composite Cardboard Tube Manufacturers

The use of composite cardboard tubes in cosmetics and personal care sector is increasing at a high rate as compared to other end use industries. The rate of adoption of composite cardboard tubes in this sector is projected to expand at a meteoric rate of over 8% in the years to follow.

Moreover, as per research carried out on use of composite cardboard tubes in various industries, the sale of composite cardboard tubes in cosmetics and personal care sector is poised to reach a significant valuation by the end of the year of forecast. Also, use of composite cardboard tubes in food and beverages has been high since past years. Sale of composite cardboard tubes in this sector is anticipated to touch a value of over US$ 890 Mn by 2026 end.

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APEJ to Grab a Major Share in the Global Composite Cardboard Tubes Market

Numerous packaging companies are based in Asia Pacific excluding Japan (APEJ) and are targeting manufacturing hubs in the region such as India and China. These emerging economies exhibit favourable environment for several industries. The growth in the manufacturing sector in these areas has offered huge growth opportunities for packaging players.

According to the research report, by the end of the period of assessment, APEJ composite cardboard tubes market is expected to touch a high market valuation of over US$ 800 Mn. It is a highly lucrative region for manufacturers involved in composite cardboard tubes.

Ring Lid Foil Assembly to be Largely Used for Packaging Purposes

Composite cardboard tubes packaging comes in different lid types. Few of these include ring lid foil assembly, ring pull style, slip lid and peel-off membrane. Of these, the packaging solution with ring lid foil assembly has shown higher sales since past years. In the years to follow, this type of lid assembly is estimated to reach a higher sales figure of over US$ 600 Mn.

Advantages such as zero spillage, higher durability and enhanced protection from external agents such as heat/temperature, chemicals and high loads are expected to contribute to the popularity of ring lid foil assembly.

Corrugated Boards to Gain High Traction in Various End Use Industries

With respect to material type, corrugated boards are gaining high traction in various end use industries. These boards offer several packaging benefits, for instance sustainability, convenience and robustness along with flexibility. The sale corrugated boards is rising across the globe and is poised touch a market valuation of more than US$ 1 Bn by the end of the year of assessment (2026) owing to high adoption of corrugated boards as compared to paperboards.

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Composite Cardboard Tubes Market by Category

Material Type :

  • Paperboard
  • Corrugated Board

End-use Industry :

  • Food & Beverages
  • Cosmetics & Personal Care
  • Others

Lid Type :

  • Ring Lid Foil Assembly
  • Ring Pull Style
  • Slip Lid
  • Peel-off Membrane

Region :

  • North America
  • Latin America
  • Europe
  • APEJ
  • Japan
  • 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:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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