Market Research Blog

Future Market Insights has  published a new report titled ‘Confectionery Packaging Market:  Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027′  studying the performance of the  global Confectionery Packaging Market . The report presents value and volume forecasts of the global Confectionery Packaging market for a 10-year evaluation period from 2017 to 2027 and provides important insights into factors driving market growth and factors limiting market growth.

According to an assessment by Future Market Insights, the global Confectionery Packaging market was valued at nearly US$9,200Mn in 2017 and is expected to reach a value of nearly US$13,200Mn by 2027, at a CAGR in the course of the forecast period 2017-2027. 3.7%.

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Global Confectionery Packaging Market: Competitive Landscape

The report has outlined the key players operating in the global Confectionery Packaging market, including players such as

• Amcor Limited,
• Smurfit Kappa Group,
• Sealed Air Corporation,
• Bemis Company, Inc.,
• Crown Holdings, Inc., and
• Berry Global. , Inc.,
• Huhtamaki Oyj,
• Mondi Group,
• DS Smith Plc.,
• International Paper Company,
• Sonoco Products Company,
• WestRock Company,
• Clondalkin Group Holdings BV,

Schur Flexibles Holding GesmbH, Ahlstrom-Munksjö Oyj, Bomarko Inc., Printpack Inc., Stanpac Inc., MOD-PAC Corp. and Tomric Systems, Inc.

Anthropomorphic packaging to harness consumer appeal to pop culture characters driving market trends in North America

By incorporating the anthropomorphic designs of attractive and popular characters into their packaging, confectionery and candy brands have been able to attract children and fans of these popular characters. Creating candy packs in the shape of fictitious characters allows marketers to take advantage of the rise in popularity of these fictitious characters to convince fans to buy candy.

The trend of anthropomorphic packaging is widespread in the market, with significant adoption of pop culture such as cartoons, action and adventure films, and other famous fictional characters. Domestic and international manufacturers of confectionery products regularly develop their products in the form of trend characters and develop sauce packaging tailored to the form of such products. developing,

Global Confectionery Packaging Market: Segmentation and Forecast

The global confectionery packaging market is segmented on the basis of confectionery type, material type, packaging type, and region.

• By Confectionery Type, the  Chocolate Confectionery segment was valued at nearly US$4,100Mn in 2017 and is expected to reach a value of nearly US$6,100Mn in 2027, representing a CAGR of 4.1% during the valuation period. 2027.
• By material type, the  metals segment was valued at nearly US$660 million in 2017. The plastic segment is expected to remain the most attractive material type during the forecast period owing to barrier properties such as moisture resistance. Packaging of sweets such as chocolate and gum.
• By packaging  type, the flexible packaging segment was valued at nearly US$4,800Mn in 2017 and is projected to grow at a rate of 4.3% during the evaluation period.
• By region, the  Western European Confectionery Packaging market is expected to reach a value of $3160 million in 2027, exhibiting a CAGR of 2.3% during the forecast period.

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Confectionery Packaging Market by Category

 

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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:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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A new forecast study by Future Market Insights reveals such trends will continue to drive the demand for specialty films globally. According to the findings from the report, the global specialty films market is poised to expand at a CAGR of 4.9%, representing steady revenue growth during the forecast period, 2017-2026. The study projects that by the end of 2026, more than US$ 56 Bn worth of specialty films will be sold across the globe.

Packaging is widely observed as one of the largest marketplace, with products finding applications in several industrial verticals. Specialty films remains a key commodity in the packaging world, and advent of new products entails the use of advanced packaging films. Specialty films are being predominantly used in the packaging of bioactive and biodegradable products, while companies from every industrial sector are actively adopting packaging solutions that enable them in creating an isolated environment for their products.

High Demand for Barrier Films; Conductive Films to Register Fastest Sales

In terms of products sold in the global specialty films market, barrier films are pegged to incur highest share on global market value. In 2017, more than US$ 18 Bn worth of barrier films are estimated to be sold in the global specialty films market. While the demand for anti-fog films is likely to dwindle towards the latter half of the forecast period, the report projects that conductive films will register rapid sales through 2026. Over the forecast period, conductive films are expected to register a value CAGR of 7.1%.

APEJ to Dominate Global Specialty Films Market

A regional forecast on the global specialty films market has been provided in the report, which reveals that the Asia-Pacific excluding Japan (APEJ) region will register highest sales of specialty films. The report further reveals that Europe and APEJ will be representing the leading markets for specialty films, followed by North America. Higher presence of food and beverage companies in the APEJ and Europe regions is expected to drive the sales of specialty films, pertaining to their greater end-use in these regions. Over the forecast period, the APEJ specialty films market is likely to expand at the highest CAGR of 7%, while sales of specialty films in European countries will attain a sub-par growth.

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Further analysis from the report reveals that food & beverage industry will remain the largest end-user of specialty films. Throughout the forecast period, more than two-fifth of specialty films sold in the global market will be used for packaging of food items and beverages. The report also reveals that a majority of specialty films being produced in the global market will be made of polyethylene materials. Low density of PE specialty films, coupled with their abilities in terms of water and thermal resistance and durability, will drive their sales globally through 2026.

Market Taxonomy

Witnessing a sluggish Y-o-Y growth of 3.1% through 2022, the global stretch blow molding machines market, is expected to reach a valuation of nearly US$ 845.9 Million through the same period. In a new research outlook on global stretch blow molding machines landscape, Future Market Insights (FMI) projects near moderate growth prospects for stretch blow molding machines market through the forecast period of 2022-2027.

Quality Bottles Top the Demand Charts; Manufacturers Race to Provide Improved Precision and Accuracy

FMI foresees increasing demand for PET packaging over its glass counterparts as the key growth driver of stretch blow molding machines. In lieu with such demand, manufacturers are developing energy and cost-efficient of stretch blow molding machines—with an aim to produce quality bottle. Stretch blow molding machine makers are expected to cater to such demand with technologies that result in greater precision and speed. Established manufacturers of stretch blow molding machines are focusing on increased investment and innovation, translating into new products and next-gen models, having large number of blowing cavities and feed lines further.

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“An example of this trend is W. Amsler Equipment Inc.’s new version of its four-cavity stretch blow molding machine that boasts of four parallel heating ovens apart from 12 Bosch-Rexroth servo motors. The heating ovens provides more precise adjustments versus a single continuous oven. The extra number of servos that went from being 3 in number to 12 in the present model, are expected to improve repeatability and also reduce energy consumption—manufacturing a variety of containers ranging up to 5 liters in capacity and 70 mm to neck size”, explains a senior analyst from the Packaging domain.

On the other hand, Bekum America Corp. offers a high speed bottle maker that lets manufacturers change molds every 15 minutes without tools, further enabling cost-efficient production of small bottles, specifically used in personal care products. Its electric version is anticipated to produce at least 3-layered HDPE-made personal care bottles.

Energy-Efficient Electric variants of Stretch Blow Molding Machines Reigning

Kautex Machines, has expanded its range of electric machines to meet the growing demand for stretch blow molding machines, globally. Pet All Manufacturing displayed its all-electric variant at NPE2018. The all-electric unit is a four-station rotary machine and has the capacity handling up to 10 cavities for containers ranging from 10 to 100ml.

“The global stretch blow molding machines market analysis by FMI offers deeper insights on how superior technological advancements will transform the stretch blow molding machines landscape, resulting in machines that offer higher output, easy changeovers, increased flexibility, and adaptability to complex bottle designs”, the analyst elaborates further.

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Major Paradigm Shift towards Bio-Based Materials and Flexible Packaging Formats Anticipated to Slow Down Shipment Rate

Considering that the packaging industry has upped its design-level innovations, manufacturers of carbonated and non-carbonated beverage brands have begun selling their products in alternative packaging formats such as cans and liquid cartons, thereby, limiting the demand for stretch blow molding machines.

Moreover, bio-based materials, given their superior recyclability feature, have found significant adoption in the overall packaging landscape. Manufacturers are more incline towards sustainable raw materials for their packaging solutions, restraining the scope of certain variants of stretch blow molding machine including PET Stretch Blow Molding machines. In addition, regulatory changes pertaining to the use of plastics in packaging could further hamper the sales growth of stretch blow molding machines, globally.

Japan Showcases Intense Competition between Stretch Blow Molding Machines Manufactures

• North America- The competition in North American stretch blow molding machines market is projected to represent moderate competitiveness.
• Latin America- Low to moderate intensity of competition is anticipated between manufacturers of stretch blow molding machines
• APEJ represents a low to moderate competition considering the presence of large number of stretch blow molding machines manufacturers in the region, offering an expansive product range.
• Eastern Europe is likely to witness moderate competition among manufactures owing to the varied product launches in the region coupled with a wide range of stretch blow molding machines applications.
• Japan, on the other hand, is anticipated to witness high competition among manufacturers of stretch blow molding machines. However, the competitive intensity could be reduced through more material innovations in bottles and machines.
• Intensity of competition in Western Europe remains moderate as more and more manufacturers show promising inclination towards sustainability.
• Lesser number of manufacturers in MEA, make for a moderate competition level in the region.

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

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Future Market Insights’ exclusive study on the global printing machines market delivers a forecast on how the demand for printing machines will shape up in the years to come. According to the research study, the global market for printing machines will be worth over US$ 25.7 Bn by the end of the forecast period, 2022-2026. During this period, the market is poised to expand at a moderate CAGR of 4.3% as a range of factors are likely to restrain the production and sales of printing machines

One of the key restraints for the global printing machines market is the stringent environmental laws. Manufacturers of printing machines are compelled to modify their production techniques and create machines that can optimize the use of printing inks. Since these inks contain VOCs, strict environmental laws are curbing the commercialization of machines that aren’t able to optimize the use of printing inks.

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In addition, the report also projects that increasing penetration of electronic devices will lower the need for printing, and ultimately limit the demand for printing machines in the near future. Printed hoardings on streets will be replaced by digital signage, and consumers will gradually shift to print-free media.

Leading manufacturers of printing machines, which are the key stakeholders in the global printing machines market, will face the brunt of the changing dynamics as such. The study reveals that companies namely, Agfa-Gevaert Group, Océ Imagistics, Inc., Bobst Group SA, Fujifilm Holdings Corporation, Heidelberger Druckmaschinen AG, Hewlett Packard Enterprise Company, Koenig & Bauer AG, Komori Corporation, Apex Machine Company Inc., and Cerutti Group will remain active in the expansion of the global printing machines market through 2026.

High Demand for Offset Lithography Printing Machines

A majority of key players in the global printing machines market are focusing on increasing the production of offset lithography printers. Competitive advantage of offset lithography when compared to digital printing techniques and flexography will continue to drive the demand for such machines. By the end of 2026, over US$ 12.7 Bn worth of offset lithography printing machines are expected to be sold across the globe. Digital printing machines, on the other hand, will register a CAGR of 5.4%, reflecting fastest sales during the forecast period.

APEJ and North America – Leading Markets for Printing Machines

Regional analysis and forecast, developed in the study, projects that the printing machines market in North America and Asia-Pacific excluding Japan (APEJ) region will register impressive growth. By 2017-end, the printing machines markets in these regions are expected to be worth over US$ 4 Bn individually. North America is anticipated to record higher sales of printing machines due to booming packaging businesses in the US and Canada, while the APEJ printing machines market will be characterized by mass-scale production of printing machines at affordable costs.

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Global Printing Machines Market: Additional Forecast Highlights

The report has further revealed that:

• In 2021, paper and paperboard will be the leading type of substrate used in printing machines. Revenues procured from sales of paper and paperboard substrates for printing machines is estimated to net over US$ 8 Bn in global revenues by the end of 2021.
• Packaging is expected to be the leading end-use industry for printing machines, accounting for nearly half of the global market value in 2021 and beyond.
• Throughout the forecast period, printing machines will be predominantly used in packaging and labelling applications.

About Us

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

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Recovery in mobile phone sales has raised hopes of a steady revival in packaging activities, according to a latest study by ESOMAR-certified firm, Future Market Insights (FMI). The study estimates a bullish 5.6% CAGR outlook for the Mobile Phone Accessories Packaging market, with sales rising steadily in 2021.

Despite environmental concerns, plastic packaging will continue to be ubiquitous as smartphone manufacturer focus on reducing end-cost to consumers. The latest study by FMI analyses mobile phone accessory packaging sales in over 20+ high-growth markets, helping manufacturers, suppliers, and stakeholders in the value chain to make informed decisions.

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According to the Europe Statistical Survey, in 2019 almost three quarters (73 %) of the EU-27 adult population used a mobile device such as a mobile phone or portable computer (including laptops and tablets) to connect to the internet when away from home or work, while the corresponding share among young people aged 16-29 years stood at 93 %. The data represents the huge growth scope for the mobile phone accessories packaging manufacturers around the world.

In terms of revenue, the global mobile phone accessories packaging market is estimated to grow by 1.3x during the forecast period paving new paths for the key market players.

Key Takeaways

• High demand for clear view boxes being witnessed in all major markets
• PET to remain highly sought-after material for mobile phone accessories packaging manufacturers
• Asia Pacific ex. Japan is expected to remain in the leading position with nearly 50% of the market share
• US will be the second largest market, holding over 83% market share in this region
• Germany to remain the epicentre in Western Europe, accounting for significant packaging sales and exports
• The United Kingdom, Canada, China, Japan, France, and a few other countries to remain lucrative throughout the forecast period

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Sustainability a Key Focus Area for Mobile Phone Accessory Packaging Companies
Due to the chemical composition of the flexible packaging materials, there are a number of advantages over conventional packaging materials. The flexible packaging formats in the mobile phone accessories packaging market are pouches & bags, blister packs, and others. The major advantage is that these formats follow sustainability checks. Also, this format has high demand owing to the requirement of less raw material, reduced energy consumption, relatively low waste production, and low carbon footprint.

By reducing the amount of hazardous materials used in packaging, the manufacturers are fulfilling the criteria for environment-friendly products which in turn is fuelling the sales. Globally, governments are focusing on framing strict policies regarding recyclability and reusability of plastic materials.

For instance, as per the Federal Packaging Regulations in the United States, environment-friendly and safe packaging materials are required in manufacturing of packaging for consumer goods.  Imposition of such laws are expected to bolster the demand for mobile phone accessories packaging in near future.

Who is winning?
The global mobile phone accessories packaging market offers highly competitive environment to its key players. In order to secure their positions in the cut-throat competition, the key players such as Smurfit Kappa Group, Sonoco Products Company, Dordan Manufacturing Co., Hip Lik Packaging Products Corp India Private Limited, Panic Plastics, Inc., Display Pack, Inc., and others are focusing on launching higher quality products with lesser cost while the Tier 3 players hold 65%-75% of the global market share. Some of the new launches by the key players are-

• Display Pack, Inc. launched its new range of mobile phone accessories packaging solutions such as Display Box 78-38 Series, Display Box 66-38 Series, Display Box 57-29 Series, and others in 2019
• Sonoco Products Company launched its new extensive range of mobile phone accessories packaging solutions such as Sonoco Flexible Packaging Solutions, Sonoco Point of Purchase Displays, and others in 2018

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Key Segments Covered in Mobile Phone Accessories Packaging Industry Research

Packaging Type:

• Folding Cartons
• Clear View Boxes
• Pouches & Bags
• Clamshells
• Blister Packs
• Trays

Material:

• Plastic
  • PE
  • PET
  • PVC
  • Others (Polystyrene)
• Paper & Paperboard

Application:

• Headsets
• Chargers
• Protective Covers
• Screen Protectors
• Power Banks
• Batteries
• Portable Speakers
• Memory Cards
• Others (VR, Cables)

Region:

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

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

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The global PE resins market is estimated to value at USD 152.3 Billion in 2022 and is expected to reach USD 181.5 Billion by 2027, at a CAGR of 3.6% from 2022 to 2027.

As per the fact based research report titled “PE Resins Market: Global Industry Analysis (2012-2021) and Opportunity Assessment (2022-2027)” crafted by Future Market Insights, the global market is anticipated to reach a significant valuation by the end of the year of assessment. The research report focusses on market trends, opportunities, drivers and restraints that have a direct or indirect influence on the growth of the global PE resins market. According to the report, to leverage the surge in demand for PE resins, manufacturers across the globe are focussing on expansion in PE resin production capacity.

Additionally, falling crude oil prices across the globe have created opportunities for manufacturers of HDPE, LDPE, LLDPE and TPE resins. Falling crude oil prices have significantly reduced the raw material cost for resin manufacturers. Crude oil prices are expected to remain low for a few years, attributed to the shrinking demand from Chinese refineries and increasing production capacity in North America. To gain benefit from this global scenario, PE resin manufacturers need to do a deep dive analysis of the market and build cost models.

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The research report covers analysis of various market segments across key regions in the globe, such as North America, Eastern Europe, Latin America, Western Europe, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA). The in-depth market segmentation coupled with historical data and future market projections from value and volume perspectives for a period of 10 years delivers a comprehensive research approach that the reader can use to establish a global footprint.

Global Market Study on PE Resins: Competitive Analysis

The research report on the global PE resins market covers an in-depth analysis on the key players operating in the market. These include companies such as Exxon Mobil Corp., E.I. du Pont de Nemours & Co., LyondellBasell Industries NV, LG Chem Ltd., Formosa Plastics Corporation, The Dow Chemical Company, Braskem S.A, Saudi Arabia Basic Industries Corporation, Ineos Group Limited, LANXESS Corporation, Chevron Phillips Chemical Co. LLC, Saudi International Petrochemical Company – Sipchem, Borouge, Versalis S.p.A., NOVA Chemicals Corporation and BASF SE. The market intelligence on these players covers aspects such as SWOT analysis, product portfolio analysis, key developments, innovations, geographical spread, marketing strategies, pricing analysis and other key financials.

Global Market Study on PE Resins: Segmental Snapshot

The global PE resins market is segmented on the basis of resin type, end use and region.

• By resin type, HDPE is largely used in various applications. The HDPE segment is the largest and is expected to dominate the market in the coming years with a high market valuation of around US$ 82 Mn by the end of the year of assessment. The LLDPE segment also shows high potential for growth and is the second largest segment with the highest value CAGR throughout the period of forecast.
• By end use, packaging segment is the most attractive and is expected to lead the market with a high market share. The consumer goods segment is projected to grow at a high value CAGR of 4.0% during the forecast period, 2022-2027.
• By region, Asia Pacific excluding Japan is the most lucrative owing to the presence of major players in the emerging economies in this region. The PE resins market in APEJ is projected to grow at the highest CAGR of 5.0% during the said period to attain a higher market valuation by the end of the year of assessment (2027).

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PE Resins Market by Category

By Resin Type:

• HDPE
• LDPE
• LLDPE

By End-Use:

• Packaging
  • Flexible Packaging
  • Rigid Packaging
• Consumer Goods
• Automotive & Transport
• Building & Construction
• Textiles
• Agriculture & Horticulture
• Electricals & Electronics

By Region:

• North America
• Asia Pacific
• Western Europe
• Eastern Europe
• Latin America
• Middle East and Africa (MEA)

Frequently Asked Questions

• What is the current valuation of PE resins market?
• What is the sales outlook for PE resins market?
• What is the North America PE resins market outlook?
• At what rate will PE resins market grow in APAC?
• How much market share does the top 3 countries exhibit for PE resins?
• Which end-use has captured maximum market share of PE resins?

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

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As per Future Market Insights (FMI), the duct tapes market will develop by 5.2% CAGR somewhere in the range of 2021 and 2031 as application expansions in enterprises like HVAC, building and development, car, electrical and hardware, transporting and coordinated operations, and others for fixing, fixing, coding, waterproofing, tying, grafting and different purposes.

Duct tapes offer surface insurance alongside different advantages like sturdiness, strength, temperature opposition, and others which makes them well known among the different end-use ventures. They are accessible in various kinds according to the necessity of end clients which adds to the deals of duct tapes across different districts.

Duct tapes additionally are accessible in various tones which are utilized for demonstrating some wellbeing data or for coding or for arranging. The various varieties make it simple for businesses to give data. Likewise, it tends to be utilized as a marketing and publicizing device which is an additional advantage for end clients. On the rear of these variables, the interest for duct tapes is expected to develop during the estimate time frame.

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Key Takeaways from Duct Tapes Market

• By product type, the professional grade duct tapes segment is anticipated to remain the leading segment, accounting for around 37% of the market share by the end of 2031.
• Based on adhesive type, the natural rubber based adhesives segment is projected to register a CAGR of 5.7% during 2021-2031.
• Cloth segment by backing type is estimated to create the highest incremental opportunity of US$ ~1.4 Bn during 2021-2031.
• By application, sealing segment followed by waterproofing segment and repairing segment are forecast to hold around 68% of the market share.
• 10 to 15 Mil segment under thickness is estimated to expand 1.9x times the current market value in the next ten.
• By end-use industry, the HVAC segment and building & construction segment are anticipated to expand at a CAGR of 5.8% and 6.4% respectively during 2021-2031.
• North America, Europe, and East Asia will register highest demand for duct tapes. These regions together are projected to hold approximately 68% of the market share by the end of 2031.

 “The need for strong sealing & repairing solutions among the various industries such as building & construction, shipping & logistics, HVAC, and others is fuelling the demand for adhesive tapes such as duct tapes,” says an FMI analyst.

Professional Grade Duct Tapes to Register High Demand

Manufacturers engaged in the production of duct tapes are offering various types of professional-grade duct tapes, which are helpful for a variety of household and industrial uses. Professional grade duct tapes offer excellent durability and increased holding power as compared to other filament tape alternatives, making them the most preferred adhesive tape type in the market. The increase in demand for duct tapes can be related to increased repair & maintenance works across all industries.

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Customized Duct Tapes to Remain Highly Sought-after

Customization and personalization are major trends prevailing in duct tapes market. Along with industries, customers are also attracted towards the product that have the company’s brand name, logo or some other unique identification marks.

To meet the advanced needs of globally renowned brands, the trend of customization is largely followed in the duct tape market. Manufacturers of duct tapes are offering customized duct tapes to large corporate clients as per requirements, having a brand name or logo printed on the tapes. Also, they market it as a cost-effective marketing tool as compared to printed boxes and other packaging materials.

The customization trend is anticipated to grow over the forecast period and offer growth opportunities to duct tape market players.

What is the Impact of COVID-19 on Duct Tapes Market?

The COVID-19 pandemic had an adverse impact on the duct tapes market as the demand for duct tapes declined during the pandemic due to various factors. The decline in demand was due to the slowdown in operation across various industries along with a disturbed supply chain.

Building & construction, HVAC, shipping & logistics, and other industries incurred losses due to various government restrictions on transport, supply-chain, and human to human interaction. This also caused operations within the duct tapes market to be hampered.

However, as restrictions were lifted and operations recovered across industries, the demand for duct tapes also increased. This trend is expected to continue through the course of the forecast period.

Duct Tapes Market Landscape

3M Company, Intertape Polymer Group Inc., Shurtape Technologies, LLC, Berry Global Group Inc., Tesa SE Group, SICAD S.p.A., PPM Industries S.P.A., Pro Tapes & Specialties, Inc., Scapa Group plc. are the top players operating in the target market. Furthermore, Ajit Industries Private Limited (AIPL), Supertape BV, and Vibac Group S.p.A., are leading players in the market. The Tier 1 players in the market hold 05-10% in the global market for duct tapes.

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Duct Tapes Market by Category

By Product Type:

• Removable Duct Tapes
• Professional Grade Duct Tapes
• Utility Duct Tapes
• Specialized High Strength Duct Tapes

By Adhesive Type:

• Natural Rubber based Adhesives
• Synthetic Rubber based Adhesives

By Backing Type:

• Plastic
  • Polyethylene
  • Polyvinyl Chloride
  • Polyester
• Foil
• Cloth

By Application:

• Sealing
• Repairing
• Holding
• Waterproofing

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

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Plastic rigid IBCs are containers used to store and transport various bulk material from one place to another, typically from the manufacturing plant to warehousing or even departmental stores. They are largely used in various end user industries for storage and transportation applications.

The global plastic rigid IBC market is influenced by aspects such as rising demand in the food and beverage industry, chemical industry, pharmaceutical industry, etc., and the growth of this market is pushed by benefits provided by plastic rigid IBCs such as low cost of transportation and storage, reusability and ease in maintenance. They are a much preferred choice among manufacturers and this trend is fuelling the growth of the global plastic rigid IBC market in the years to come.

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The extensive research report on “Plastic Rigid IBC Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)”, skilfully presented by Future Market Insights covers various market statistics and includes an in-depth analysis on various trends, developments, opportunities, threats and growth drivers impacting the expansion of the global market for plastic rigid IBCs in the years to come, across key regions in the globe. As per this research study, the global plastic rigid IBC market is poised to expand at a healthy CAGR of 6.2% throughout the period of assessment, 2017-2022.

 Key Highlights on Global Plastic Rigid IBC Market

Asia-Pacific excluding Japan region (APEJ) is highly lucrative region for the growth of the global plastic rigid IBCs. Owing to increasing technological developments supported by growing industrialization in this region, the need for storage and transportation of numerous bulky goods is rising. Moreover, due to low cost of land and labour, the APEJ region is marked by growing manufacturing plants in various fields such as chemicals, food and beverages, pharmaceuticals etc. This has triggered the demand for plastic rigid IBCs in this region

By material type, the HDEP segment is the largest segment reflecting a high market share as of 2017. This segment is likely to expand in the years to come and to lead the global market by material type category. In 2017, this segment reflected a market share of 63.2%, making it the largest segment. The LLDPE segment also shows positive growth and is poised to register the highest CAGR during the assessment period followed by the LDPE segment

By capacity type segment, the 1000-1500 litres segment is poised to grow at a higher CAGR of 6.5% owing to increasing demand for high capacity containers. Moreover, the 500-1000 litres segment is by far the largest segment showing good hold in the market. However, the above 200 litres capacity segment is expected to show slow growth owing to high costs of transportation compared to the material being transported and hence this capacity is used on a small scale and only in critical circumstances

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Industrial chemicals end use segment is anticipated to be a highly potential segment in the years to come. This segment has shown a very high intake of plastic rigid IBCs since couple of years. Tis segment is highly favourable for the growth of the plastic rigid IBC market during the assessment period. Moreover, the food and beverage industry also demands for more plastic rigid intermediate bulk containers and this end user segment represents a high CAGR of 6.5% throughout the 2017-2022 assessment period

Key Player Analysis – Plastic Rigid IBC Competitive Scenario Included

The research study on global plastic rigid IBC market has included profiles of key players. This competitive analysis section includes key facts such as SWOT analysis, developments and innovations, product portfolio as well as key financials of various companies. In this report companies like Maschiopack GmbH, Bulk Handling Australia Pty Ltd, Snyder Industries, Inc., Hoover Ferguson Group, Inc., Time Technoplast Limited, Mauser Group B.V, Schutz Container Systems Inc., and Greif, Inc., are profiled.

Market Segmentation

The research report on global plastic rigid IBC market is segmented by capacity type, material type, end use and region.

Region

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

Capacity Type

• Up to 500 liters
• 500-1000 liters
• 1000-1500 liters
• 1500-2000 liters
• Above 2000 liters

Material Type

• High Density Polyethylene (HDPE)
• Low density polyethylene (LDPE)
• Linear Low Density Polyethylene (LLDPE)
• Polyvinyl Chloride (PVC)
• Others

End Use

• Industrial Chemicals
• Petroleum & Lubricants
• Food & Beverages
• Paints, Inks & Dyes
• Pharmaceuticals
• Other End User

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

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The market for industrial drums is anticipated to reach US$ 17.6 Billion in 2027 at a CAGR of 7.1% from US$ 12.5 Billion in 2022. The industrial drums market is anticipated to expand in volume at a 6.6% CAGR from 2022 to 2027.

According to a report by Future Market Insights, the industrial drums market is predicted to expand by 1.5 times between 2022 and 2027, creating attractive prospects for market participants. With a projected market share of 38 percent in 2022, the APEJ region is predicted to dominate the industrial drums market.

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Why is Germany Considered One of the Most Lucrative Markets for Industrial Drums?

The industrial drums market in Germany is estimated to reach a market valuation of US$ 50 Bn by the end of 2022. Germany is estimated to be the largest market for industrial drums across the Western European region. According to the annual report published by the Association of the German Automotive Industry in 2020, the German automotive industry accounted for around one-third of the total research and development expenditure of the automotive industry globally.

Also, the sales of automotive manufacturers in Germany grew by 2% year on year from 2018 reaching a total of EUR 435.3 billion in 2019. The significant growth of the automotive industry in the country is anticipated to raise the demand for industrial drums in the petroleum & lubricants end-use in Germany.

APEJ to Present Lucrative Growth Prospects for Industrial Drums

The Asia Pacific except Japan or APEJ region is witnessing headway in the consumption of industrial drums for exporting vegetable oil and wines. Oil exporters in South East Asian countries including Indonesia and Malaysia are preferring industrial drums over other bulk packaging products. Industrial drums provide higher operational efficiency and effectiveness in shipping bulk quantities of commodities in liquid form.

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Exports from ASEAN countries of products such as palm oil is witnessing strong demand in India, China and countries across Europe. The exports of vegetable oil and related products has grown by 1.5x between 2007 and 2016. Industrial drums have emerged as a cost-effective transport packaging solution for shipment of other non-hazardous materials such as wines, fruit juices, etc. Countries in the APEJ region with strong agricultural output are improving their export volume by implementing effective means of storage, transport and packaging solutions.

Competitive Landscape

Leading industrial drums manufacturers are committed to launching new products in the market targeting specific end-use industries. Key players in the industrial drums market are also making investments to increase their manufacturing capabilities and geographical footprint in an attempt to increase their market share.

For instance, in September 2021 Mauser Packaging Solutions announced the plan to invest in its Gebze, Turkey facility for increasing the manufacturing capacity of plastic drums and IBC production.

In February 2020, Greif Inc. announced the expansion of its California, U.S. facility with the addition of a blow molder for tight head and open head plastic drums.

Product Quality to be of Primary Concern to Market Players

The players operating in the market are mainly focussing on enhancing their product quality and differentiating from their competitors in order to maintain a stronghold over the market. Some of the companies operating in the global industrial drums market are

• Greif, Inc.,
• Sicagen India Ltd.,
• Balmer Lawrie & Co. Ltd.,
• Time Technoplast Ltd.,
• Schutz Container Systems, Inc.,
• Mauser Group B.V.,
• Industrial Container Services, LLC,
• TPL Plastech Ltd.,
• Eagle Manufacturing Company, and
• U.S. COEXCELL Inc.

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Industrial Drums Market by Category

By Product Type:

• Steel Drum
• Plastic Drum
• Fiber Drum

By Capacity:

• Up to 100 Liter
• 100 to 250 Liter
• 250 to 500 Liter
• Above 500 Liter

By End Use:

• Food & Beverages
• Chemical & Fertilizers
• Pharmaceuticals
• Petroleum & Lubricants
• Building & Construction
• Paints, Inks, & Dyes
• Other End Uses

By Region:

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

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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