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The Global Sterile and Antiviral Packaging Market is assessed at US$ 25 Bn in 2022 and is projected to arrive at US$ 37.9 Bn by 2030, at a CAGR of 5.3% from 2022 to 2030.

According to the most recent review directed by FMI, the worldwide deals of sterile and antiviral packaging is supposed to show amazing development because of the great pouring demand for life-saving medications and immunizations in all areas of the planet. Worldwide deals are supposed to observe a development of 1.5 times somewhere in the range of 2022 and 2030.

To get outcome in this serious market place, organizations consider taking up imaginative arrangements and market research report is one of them. Objectivity has been kept at the middle while getting the best outcome by means of worldwide Sterile and Antiviral Packaging Market report for Healthcare industry.

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Sterile and Antiviral Packaging Market report offers circumspect examination of current situation of the worldwide market, which thinks about various market elements. This report gives exact data about market patterns, modern changes, and shopper conduct and so on.

This market record remembers information for examples and upgrades, target business areas and materials, cutoff points and progressions. Additionally, this market report gives thought to clients about the market drivers and restrictions with the assistance of SWOT examination and likewise gives all the CAGR projections to the noteworthy year, base 2021 and conjecture period.

Global Sterile and Antiviral Packaging Market Key Players:

• Becton, Dickinson and Company
• E.IE. I. Dupont De Nemours and Company
• Amcor Plc,
• BillerudKorsnas AB,
• Placon Corporation Inc,
• Wipak Group,
• ProAmpac LLC
• SteriPack Contract Manufacturing
• Nelipak Healthcare Packaging
• Oracle Packaging
• Puracon GmbH
• Oliver Healthcare Packaging, LLC
• Westfield Medical Limited
• GS Medical Packaging Inc.
• Deufol Group

The numerical data brought together to produce this report is mostly signified with the graphs, tables and charts which make this report more user-friendly. All the actions regarding market insights also have an effect on the sales, import, export, revenue and CAGR values.

The leading Sterile and Antiviral Packaging report is also wide-ranging which includes market definition, classifications, applications, engagements, market drivers and market restraints that are obtained with the help of SWOT analysis.

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Sterile and Antiviral Packaging Market Report contents include

1 Analysis of the Sterile and Antiviral Packaging Market including revenues, future growth, market outlook
2 Historical data and forecast
3 Regional analysis including growth estimates
4 Analyses the end user markets including growth estimates
5 Profiles on Sterile and Antiviral Packaging including products, sales/revenues, and market position
6 Sterile and Antiviral Packaging Market structure, market drivers and restraints

What was the Impact of Covid-19 upon Global Sterile and Antiviral Packaging Market?

Amidst the coronavirus outbreak, the behavior and attitude of customers are likely to see major changes. The immediate effect would be increased consumer concern regarding the virus’ ability to survive on the surface of packages, and this may fuel demand for sterile and antiviral packaging for its antiviral and antibacterial properties.

The aftermath of the outbreak would be such that customers would be more aware and concerned regarding particular food products and packaging, which is likely to influence customer choices. Consumer sentiment regarding consumption is likely to become more concerned for safety and contamination risks, which is likely to boost the demand for sterile and antiviral packaging exponentially.

Competitive Landscape

The key market players across sterile and antiviral packaging market are coming up with launch of innovative packaging solutions made up of sustainable materials and focusing on expanding their global footprint:-

In November 2021, Becton, Dickinson and Company opened a new manufacturing facility in Zaragoza, Spain for supporting growth of pre-filled syringes in the region.

In October 2021, Becton, Dickinson and Company collaborated with U.S. Government to Covid-19 combination diagnostic tests and received initial funding of US$ 24.7 Mn for the same.

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Global Sterile and Antiviral Packaging Market by Category

By Packaging Type :

• Thermoform Trays
• Sterile Bottles/Containers
• Vials & ampoules
• Sterile closures
• Pre-filled syringes
• Blister & clamshells
• IV Bags & pouches
• Sterile Wraps
• Others (Sterile Lids, etc.)

By Material :

• Plastics
• Glass
• Metal
• Paper & paperboard

By End Use :

• Pharmaceutical & Biological
• Surgical & Medical Instruments
• Food & Beverage Packaging
• Others

By Region :

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

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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 packaging testing equipment market will increase at a CAGR of 6.4 percent between 2021 and 2031, according to Future Market Insights (FMI). The consumer electronics industry’s application scope is predicted to expand as demand for complementary and technologically advanced packaging solutions develops. Packaging testing equipment is used in the electronics sector for a variety of purposes, including backing proofing for operating status, certification of electronics, and determining whether or not they are safe to use.

Packaging testing equipment’s uses in the electronics industry are continually expanding. A prominent factor that is expected to boost the growth of the packaging testing equipment market is the fast expanding demand for consumer electronics.

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Packaging Testing Equipment Market Landscape

Krones AG, Coesia Group and AMETEK Inc. are the top players operating in the packaging testing equipment market. Furthermore, Marchesini Group, Presto Testing Equipment, Labthink Instruments Co. Ltd., AZO Holding GmbH, Machine Solutions Inc., Qualitest, and Rycobel Group are also the noticeable players in the packaging testing equipment market. The 3-tier players of the market hold 80-90% in the global packaging testing equipment market. Summarizing everything key players will contribute almost 10-20% of the global market.

FMI forecasts that the sales of packaging testing equipment will increase in food and beverages, healthcare, and other sectors. Factors such as demand for sustainability and client specific customization will aid application across diverse industries.

Key Takeaways from Packaging Testing Equipment Market

• By testing type, material/ sample testing segment is ahead and leading the global packaging testing equipment market. The segment is anticipated to account for 44% of the market by the end of forecast period.
• By material, the plastic segment is mostly preferred in the market due to its low cost feature. Demand in the segment is anticipated to increase 1.8 times during next 10 years.
• Among end users, the food and beverages segment will exhibit high demand. Furthermore, healthcare & pharmaceuticals will be the second largest segment, accounting for 22% of the market.
• Asia-Pacific is anticipated to offer impressive opportunities for packaging testing equipment market due to lower tax slabs and ease of doing business opportunities in the region.
• North America and Europe will hold share of almost 44% in the global market by the year 2031.

 “The demand for packaging testing equipment is rising globally.  Increasing focus on testing services and verification & certification for ensuring the quality of packaging material has created growth opportunities for packaging testing equipment manufacturers ,” says FMI analyst.

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Introduction of New Standards & Regulations to Bolster Packaging Testing Equipment Market

Introduction of new standards for packaging authentication is creating growth opportunities in the packaging testing industry. Standardized regulations are implemented around the world to ensure ever-expanding cargo and product reach the destination safely, and different packaging test methods are done in this process.

There is a long list of packaging testing standards established by various organization such as International Safe Transit Association (ISTA), American Society for Testing and Materials (ASTM), International Organization for Standardization (ISO) which includes, Consumer, Pharmaceutical, Chemical/Safety Properties, and Child Resistant Packaging, Interior Packaging, Sustainability & Recycling, Package Design and Development, , Shipping Containers, Paper and Paperboard Products Crates, Pallets, and Related Structures, Tape and Labels, And others.

Implementation of stringent packaging guidelines will therefore help in the growth of the market.

Impact of COVID-19 on Packaging Testing Equipment Market

Global crisis of COVID-19 had negative impact on the sales of packaging testing equipment. Lack in availability of raw materials suspended manufacturing process. Imposition of lockdown in major regions such as North America, Latin America, Europe, Asia-Pacific and Rest of World also hampered manufacturing of packaging testing equipment.

Disruption in supply chain activities and stringent rules and regulations lead to a complete closure of manufacturing plants for months. Consequently, sales of packaging testing equipment were pretty disturbed during the lockdown dampening sales of target market.

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In its new market study, Future Market Insights (FMI) estimates micro flute paper market to grow at 5.1% CAGR (value) through 2030.

The report attributes the growth of the market to increasing demand for shelf-ready packaging (SRP) at retail stores, hypermarkets supermarkets, and other sales and distribution outlets, coupled with the advanced physical properties of micro flute paper. Similarly, the study has identified the growing preference for lightweight and robust packaging solutions as a crucial growth driver.

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The analysts at FMI also remark that an increasing number of regulations against the usage of plastic packaging solutions are asserting market players to seek biodegradable packaging solutions, thus giving a boost to the adoption of micro flute paper owing to its minimal carbon composition.

However, the report opines that the COVID-19 pandemic will adversely impact the demand for micro flute paper owing to pandemic-related difficulties such as supply chain disruptions and termination of production across food & beverage and personal care industries.

Key Takeaways

• E flute paper will remain the most popular variant, capturing more than 50% of global market value, owing to high strength.
• 175 – 250 GSM segment will account for over 3/5th of total market value.
• Recycled material will remain the most sought-after type, accounting for more than 4/5th of market value.
• Based on end-use, micro flute paper finds the majority of applications in the food & beverage industry.
• Europe is expected to remain at the forefront of the regional landscape, capturing nearly 30% of market value.
• North America and East Asia will collectively account for more than 2/5th of global value.

“Market players are focusing on overcoming the limitations of the products such as vulnerability to extreme physical conditions, and are opting for R&D to achieve the same,” remarks FMI analyst.

COVID-19 Impact

The outbreak of COVID-19 has created uncertainty in the global packaging industry and micro flute paper is no different. Owing to its reliance on F&B and personal care sectors, the demand for micro flute paper is likely to experience a downtrend during the pandemic as operations in the aforementioned sectors came to a curt halt.

Moreover, other COVID-19 related perils such as unavailability of raw materials, shortage of workforce, and contraction of production are acting as major challenges on the supply side of the micro flute pape market. However, the socioeconomic situation is realigning to normality in several parts of Europe and East Asia, and this is likely to aid in the revamp of the market from the dawn of 2021.

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 Who is Winning?

Players in the micro flute paper market are increasing their investment in research & development activities to develop products that are resistant to extreme physical conditions such as heat and cold.

On these lines, DS Smith offers N and F type micro flute papers with high moisture barrier properties to cater to requirements in the frozen food packaging segment.

FMI’s report includes profiles of some of the most prominent names in the market including DS Smith Plc, Smurfit Kappa Group Plc, Novolex Holdings, Inc, Acme Corrugated Box Co. Inc, Cascades Sonoco, Inc, Stora Enso Oyj, WestRock Company, Mayr-Melnhof Packaging, KRPA Holding CZ, a.s., and Braepac Packaging, among others.

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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The Recycled PET Market research report systematically explains each and every aspect related to the Global Recycled PET Market, which facilitates the report’s reader to study and evaluate the upcoming market trend. and execute the analytical data to promote the business. The key players dominate the operations in the industry attributable to their strong geographical reach and huge production facilities.

This study is one of the most complete documentation that catches every one of the aspects of the advancing Recycled PET Market. Recycled PET Market concentrates on offering an exhaustive examination of the plans of action, key methodologies, and individual portions of the overall industry of the absolute most conspicuous players in this scene.

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• The bottles & jars segment is experiencing unmatchable demand in the recycled PET Market, especially from the beverage industry. This is attributable to the fact that, bottles & jars offer precise packaging, high impact capability, and pricing affordability to end users.
• Prominent packaging manufacturers are adopting stretch blow molding technology to design and manufacture a wide variety of recycled PET packaging solutions, as this technology offers high output quantities and fine dimensional accuracy.
• The beverage industry has been identified as the key end user of recycled PET packaging solutions, as this sector generates constant demand for recycled PET packaging bottles & jars for packing and storing drinking water as well as carbonated and non-carbonated drinks.

Recycled PET Market: Competition Landscape

Leading packaging manufacturers across continents have shifted their focus from conventional packaging solutions to environment-friendly rigid and flexible packaging solutions. This notable shift towards eco-friendly packaging solutions is majorly driven by increasing focus on reducing unnecessary plastic waste and high customer preference towards sustainable and eco-friendly packaging solutions over conventional ones.

Polyethylene terephthalate (PET) is a safe, robust, and transparent plastic material that can be recycled several times. To gain the most benefits from this scenario, leading packaging manufacturers are focusing on offering a wide range of recycled PET packaging products.

• In November 2019, Berry Global Group, Inc, one of the leading packaging solution manufacturers, introduced Verdant PCR bottles, RPET bottles, tubes, jars, and closures for beauty and personal care products.
• In November 2019, ALPLA Werke Alwin Lehner GmbH & Co KG launched 100 % recycled PET packaging bottles that are specially designed for the dairy industry.
• In November 2019, ALPLA Werke Alwin Lehner GmbH & Co KG acquired SUMINCO S.A. and REPLACAL S.L. to expand its recycling activities.

About Recycled PET Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global recycled PET market, analyzing historical demand from 2014-2021 and forecast statistics for 2022-2029. The report provides growth projections of the recycled PET market on the basis of product (bottles & jars, clamshells & containers, trays & punnets, pouches, and others {cups, bows, etc.}), technology (stretch blow molding, injection molding, extrusion blow molding, and thermoforming), and end use (beverages, food, pharmaceuticals & healthcare, homecare & personal care, electricals & electronics, chemicals & petrochemicals, and others), across seven major regions. Furthermore, the scope of the report focuses on recycled PET consumed in the packaging industry.

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Key Segments Covered in Recycled PET Packaging Industry Research

About Us:

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

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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The worldwide dunnage trays market is competing to arrive at US$ 2.6 Bn constantly 2029 at a CAGR of 4.3% somewhere in the range of 2022 and 2029.

Dunnage trays are popular, particularly for travel and handling of auto parts on shop floors. Significantly determined by their reusability, deals of dunnage trays are set for consistent development at a CAGR of 4.3% during 2022 – 2029. Tweaked dunnage trays are uniquely intended for the auto fabricating process, in which a robot removes the parts from the plate and feeds them straightforwardly into the mechanical production system.

Notwithstanding, organizations have presented an improved arrangement by giving reusable dunnage trays that are 100 percent recyclable. These reusable dunnage trays are planned uniquely to safeguard spare parts and other comparative material during the assembling system, can be re-utilized, and are treated as capital venture.

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Key Takeaways of Dunnage Trays Market Study

• Dunnage trays market has been witnessing significant growth in demand for custom-designed dunnage trays, with cavities that can be shipped and unloaded at the assembly line.
• Automotive industry remains the prominent end-use industry, followed by healthcare & pharmaceuticals, in global dunnage trays market.
• Polypropylene (PP) continues to be preferred over the high-density polyethene (HDPE) among manufacturers of dunnage trays. This is attributable to industry experts declaring polypropylene as a tough and robust material with suitable properties such as good heat & puncture resistance and strength for manufacturing dunnage trays.

Increasing implementation of robotic technology in manufacturing, especially in the automotive industry has been a driving force for sales of customized dunnage trays, as assembly line are replaced by robots. The thriving electric vehicle (EV) market is anticipated to contribute substantially to the growth of the dunnage trays market in the foreseeable future.

Players in Dunnage Trays Market Focus on Product Durability and Reusability

The primarily role of a dunnage tray is to safeguard the cargo during the transit, and this packaging solution can withstand external factors such as heat (especially during the manufacturing process), giving confidence to end-users, and increasing its use in extreme climatic conditions. Dunnage trays can last for many years, ultimately saving costs by reducing the need for frequent repurchase.

Thus manufacturers in the dunnage trays market focus on use of sustainable materials, which are hygienic and easy to clean, with an aim to improve their product sales. Prominent manufacturers in the dunnage tray are using High-density Polyethylene (HDPE), as this easily recyclable material helps to protect stored parts against electrostatic discharge from charged surfaces and grounded items nearby, which could lead to undesired accidents or loss of sensitive electronic devices and sensors.

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How has Covid-19 impacted the Dunnage Tray Market?

“Market re-oxygenated post-Covid”

The outbreak of Covid-19 had halted the production of dunnage trays between March 2020 and Sep 2021 in wake of partial/total lockdowns being enforced all across. Also, another reality was that international borders were sealed in this timespan.

However, with normalcy getting restored, the dunnage tray market is slated to grow on an irrevocable note in the forecast period. The post-Covid era would, in fact throw a better light on ensuring safety and damage-free ambience.

Competitive Landscape

The global dunnage tray market is fairly competitive with regards to organic growth.

• DS Smith Packaging has its series of EPP, EPS, and HDPE trays. There are Bespoke trays – nestable on being empty and stackable on being filled.

Know More About Dunnage Trays Market Report

Future Market Insights, in its new offering, offers an unbiased analysis of the global dunnage trays market, analysing historical demand from 2014-2021 and forecast statistics for 2022-2029.

The study unravels growth projections on the dunnage trays market on the basis of material type (Polypropylene (PP), Polyvinyl Chloride (PVC), Thermoplastic polyurethanes (TPU), Acrylonitrile butadiene styrene (ABS), High density polyethylene(HDPE), end-use industry (electrical & electronics, health care & pharmaceuticals, automobile, food & beverages, agriculture, shipping & logistics, manufacturing & warehousing), across seven major regions.

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Key Segments Covered in Dunnage Tray Industry Research

Material Type:

• Polypropylene (PP)
• Polyvinyl chloride (PVC)
• Thermoplastic polyurethanes (TPU)
• Acrylonitrile butadiene styrene (ABS)
• High-density polyethylene (HDPE)

End-use:

• Electrical & Electronics
• Healthcare & Pharmaceuticals
• Automobile
• Food & Beverage
• Agriculture
• Shipping & Logistics
• Manufacturing & Warehousing

Region:

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

Frequently Asked Questions

• How much is the Dunnage Tray market currently worth?
• What is the sales forecast for Dunnage Tray through 2029?
• What was last 7-year market CAGR for the sales of Dunnage Tray?
• Who are the key manufacturing companies for Dunnage Tray?
• What’s with “North America”?

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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Majorly driven by the fast food sector and on-the-go food products manufacturers, demand for processed cheese continues to be on an upward trend. This would remain a prominent booster to the growth of cheese packaging market in the following years.

Protective packaging solutions designed for cheese and cheese products play a critical role in preventing moisture loss and oxygen transmission from packaged products. This attribute continues to establish a strong ground for the expansion of cheese packaging market, suggests a new Future Market Insights (FMI) study.

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Key Takeaways of Cheese Packaging Market Study

• Pouches continue to hold a maximum market share; demand for small-sized pouches would be prominent for cheese slices and liquid cheese products.
• Plastics would discover a substantial incremental revenue opportunity by the end of 2029, owing to superior barrier and space-efficient attributes.
• A majority of demand for cheese packaging is concentrated at modern trade channels such as hypermarkets and supermarkets.
• European countries continue to hold a lion’s share in global cheese packaging market.
• China, India, and Japan are emerging highly lucrative, on the back of progressing market outlook of ready-to-eat products.

Cheese packaging market players should best leverage the remunerative growth potential of eco-friendly material options. Capacity expansion and development of cost-effective cheese packaging technologies would help them discover significant profits across the value chain.

Cheese Packaging Market Landscape                      

The global cheese packaging market is highly competitive, where local and unorganized players are leveraging significant growth opportunities. Some of the key players in cheese packaging market include

• Amcor Plc,
• Winpak,
• Constantia Flexibles Group GmbH,
• Berry Global Inc.,
• RPC Group Plc,
• Mondi Group,
• Sonoco Product Company,
• SCHUR Flexibles,
• Sealed Air Company,
• SKOPOS SA,

and others. Companies are focusing on product innovation and acquisitions with an aim to increase their global presence and customer base in the global cheese packaging market.

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• In February 2019, Amcor Limited introduced Genesis, an all polyethylene laminate with the look and feel of traditionally oriented polyethylene or oriented polyester. This product is suitable for use in medical, food, homecare, personal care, and other industries. The company also acquired Bemis Company Inc., which is one of the leading players in the cheese packaging market.
• In 2019, RPC Group acquired PLASgraam, a leading recycling specialist in the U.K.
• In 2018, Berry Global Inc., acquired Laddawn, Inc. with an investment of US$ 242 Mn and Clopay Plastic Products Company, Inc. with an investment of US$ 475 Mn. In 2017, Berry Global Inc. acquired Adchem Corp and AEP Industries Inc. with an investment of US$ 791 Mn. The acquired company manufactures flexible packaging products from polyethylene and PVC.

Key Segments Covered in Cheese Packaging Industry Research

By Packaging Format:

• Boxes
• Cups
• Pouches
• Trays and Flow Wraps
• Containers
• Lids and Foil
• Others

By Material:

• Plastic
• Paper
• Aluminium
• Glass

By Distribution Channel:

• e-Commerce
• Retail Stores
• Convenient Stores
• Hypermarkets /Supermarkets
• Others

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What Does the Report Cover?

Future Market Insights, in this new report, offers an unbiased analysis of the global cheese packaging market, analyzing historical demand from 2014-2018 and forecast statistics for 2019-2029. The study offers growth projections on the cheese packaging market based on packaging format (boxes, cups, pouches, lids & foils, trays & flow wraps, containers, and others), material (plastic {EVOH, PET, polypropylene, polyethylene, polyamide, and others}), distribution channel (e-Commerce, retail stores, convenient stores, hypermarkets /supermarkets, and others) across seven key regions.

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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The electrical industry is undergoing significant development and is expected to witness positive growth over the forecast period. The developed and developing countries across the globe are spending a significant percentage of their GDPs on infrastructural development.

Economic development and rising population are encouraging manufacturers to invest more in transportation, power generation, and other systemic development. Thus, these factors result in increased demand for industrial products like self-fusing silicone tapes that are widely used for these projects in the global market.

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Some major projects such as the Al Maktoum International Airport of Dubai, the California High-speed Rail of the United States, and the Crossrail project of London are some of the ongoing mega projects. Self-fusing silicone tapes increase the life span of the product and also help repair electrical insulators.

The wrapping and sealing carried out for wires and cables in the above-mentioned mega projects are expected to drive the self-fusing silicone tapes market during the forecast period. Therefore, significant growth in demand for the target product has pushed packaging companies to expand their product offerings with self-fusing silicone tapes for various end-use applications.

Key Takeaways from Self-fusing Silicone Tapes Market

• By thickness, the 0.26mm to 0.50mm segment is anticipated to remain the leading segment among the other segments and are the most prominently used self-fusing silicone tapes. 0.26mm to 0.50mm segment is expected to account around 44% of market proportion in the overall self-fusing silicone tapes market in 2022.
• Based on product type, the most attractive segment is triangular tape and it is found to be the most preferred self-fusing silicone tapes owing to its multi-functional ability and high performance characteristics. The triangular tape segment is projected to register a CAGR of 4.8% during the forecast period.
• By end use, the electrical & electronics industry is projected to remain the key end-use industry for self-fusing silicone tapes in the years to come. The same segments are anticipated to hold around 44% of the market share 2022.
• Europe and East Asia cumulatively account for nearly 52% of the global self-fusing silicone Tapes market in 2021. This can be attributed to increasing plumbing and home & garden end use in developing economies in the region such as China, India, and -east Asian countries.

 “Key manufacturers of self-fusing silicone tapes are focusing on product innovation and technological integration which can allow scale of production resulting in quality product for a lower cost. This is likely to attract customers as it balances the cost and value. Organizations are also partnering and collaborating with other players in the market to tap potential markets by penetrating deeper into the filament tapes market. This enhances brand value and increase market share in the self-fusing silicone tapes market.” says an FMI analyst.

Self-Fusing Silicone Tapes Market By Category

By Thickness :

• Up to 0.25mm
• 0.26mm to 0.50mm
• 0.51mm to 0.75mm
• Above 0.75mm

By Product Type :

• Rectangular Tapes
• Triangular Tapes
• Sinusoidal Rectangular Tapes

By End Use :

• Electrical & Electronics
• Plumbing
• Automotive
• Industrial
• Aerospace
• Home & Garden
• Others

Growing Application of Self-fusing Silicone Tapes in Consumer Durables and Telecom Industry Driving Market Growth

Self-fusing silicone tapes, also known as telecom tapes in the telecom industry, are cost-effective and high-quality repair tapes that are used for pressurized copper lines. Telecom tapes use the latest silicone compounding technology and premium-quality silicone elastomers to produce effective self-fusing silicone tapes.

These tapes use a waterproof shield of silicone over the pressurized lines to create the desired line pressure. Self-fusing silicone tapes allow technicians to reuse end plates, which helps in saving the cost of new plates.

The repair and reuse of electronic appliances require significant usage of self-fusing silicone tapes that provide the necessary protection. An increase in disposable incomes and the changing living standards of customers have resulted in increased sales of consumer durable goods. Easy credit facilities provided by finance companies to purchase electronic appliances are also expected to drive sales of consumer durable goods.

Self-fusing silicone tapes are the most preferred tapes for wrapping and sealing electronic insulators and provide moisture-free and protective wrapping. More and more electricians are inclining towards the use of self-fusing silicone tapes in the electronic industry for their convenience and efficacy.

Therefore, the demand for self-fusing silicone tapes is expected to witness positive growth over the forecast period in the telecommunication and consumer durables industry.

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Impact of COVID-19 on Self-fusing Silicone Tapes Market

The COVID-19 pandemic has negatively impacted on global supply chain. In these difficult times, the consumption need has also shifted. Due to the closures of industries such as automotive, electrical & electronics, the sales and demand for self-fusing silicone tapes has dropped.

As a result, manufactures are attempting to be flexible in their operations in order to make the most of the current situation. Moreover, the sales of self-fusing silicone tapes market is projected to grow in the near future.

Self-fusing Silicone Tapes Market Landscape

3M Company, tesa SE, Scapa Group plc and Intertape Polymer Group Inc. are the top players operating in the target market. Furthermore, Nitto Denko Corporation., Berry Global Inc., Cole-Parmer Instrument Company, LLC, Advance Tapes International Ltd. are also noticeable players in the market. The Tier 1 players in the market hold 15%-20% in the global market for self-fusing silicone tapes.

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The gradually increasing demand for nylon films is attributed to their growing preference for packaging perishable products such as frozen food. The key driver behind this growth is enhanced shelf life and oxygen barrier properties that differentiate nylon films over other packaging films. Moreover, nylon films are also suitable for a wide range of industries such as food, pharmaceuticals, and industrial packaging.

The overall outlook for the nylon films market is expected to remain positive, which is projected to register a CAGR of 5.2% over the forecast period of 2022-2029.

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Key Takeaways of Nylon Films Market Study

• According to FMI analysis, the food segment is expected to outbid other end uses in the nylon films market over the forecast period. Manufacturers of perishable products such as meat and cheese are expected to account for a significant share of the food segment in the nylon films market.
• 11 to 20 microns is identified as the highly preferred thickness for nylon films among packaging converters. This thickness is well-suited for packaging applications that require optimum protection and performance.
• The bi-axially oriented polyamide film segment is projected to remain prominent by film type in the foreseeable future. Growth is attributed to the high tensile strength, improved impact strength, along with better oxygen barrier as compared to cast PA films.
• East Asia is expected to represent more than a quarter of the global films market share during the forecast period. China represents 60% of the total East Asia market share in 2022, attributable to the large number of unorganized players in the region. Moreover, South Asia is anticipated to remain a lucrative region in the nylon films market till the end of the forecast period.

“Players in the global nylon films market can gain significant profits by focusing on emerging countries in South Asia, such as India, Thailand, and Vietnam. Increasing demand from perishable and processed foods packaging manufacturers is expected to boost the growth of the nylon films market in this region.”

Nylon Films Market by Category

By Grade:

• Nylon 6
• Nylon 66

By Thickness:

• Upto 10 Microns
• 11 to 20 Microns
• 21 to 30 Microns
• Above 30 Microns

By Film Type:

• Bi-axially Oriented Polyamide (BOPA)
• Composite Polyamide (CPA)

By End-Use:

• Food
  • Meat
  • Cereals
  • Cheese
  • Processed Food
• Pharmaceuticals
• Electrical
• Chemicals
• Others

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Nylon Films Market: Competition Landscape

Unitika Ltd., Winpak, Toray Plastics Inc., Hyosung Corporation, Kolon Industries, and Honeywell International LLC are some of the key players in the nylon films market. These players are strengthening their market presence through strategic acquisitions to increase their production capacity.

Japan-based packaging converter UNITIKA Ltd. will be expanding its capacity from 16,500 tons/year to 26,500 tons/year for its Indonesia-based manufacturing plant in early 2020. However, several regional and unorganized manufacturers may enter the nylon films market through strategic collaborations to compete with global players armed with regional pricing strategies.

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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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Future Market Insights (FMI) in its latest research study estimated the demand for aluminum cans is expected to increase at 4.5% CAGR, surpassing US$ 112.3 Bn through 2031. Growing demand for beverage packaging is propelling the growth in the market.

Increased demand for smaller pack sizes coupled with a preference for convenient packaging will boost the market. Furthermore, rising use of flavored alcoholic beverages, wine, soft drinks, and energy drinks is predicted to improve aluminium can sales.

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Consequently, growing consumption of beverages among millennials across the globe will also aid the growth in the market. Furthermore, brand-owners are treating aluminium cans as a promotional tool, which is expected to create growth opportunities for the market players.

Key players are also focusing on improving the shapes and sizes to woo the end-users. Unique shapes, finishes, and features will also improve the shelf visibility of these cans. Hence, adoption of aluminium cans to achieve product differentiation, and eye-catchy prints will result in increased sales.

Manufacturers are focusing on product offerings and developing self-chilling and self-heating cans in metal can packaging innovations, which in turn is expected to boost the demand for aluminium cans over the forecast period.

Key Takeaways

• By product type, the 2-piece aluminium cans segment is anticipated to remain the leading segment, accounting for 52% of the market share in 2021.
• Based on capacity, more than 1000ml segment is projected to register a CAGR of 4.9% during the forecast period.
• In terms of end-use, the beverage industry is projected to remain primary end user in aluminium cans market, holding around 79% of the market share in 2021.
• South Asia and East Asia, cumulatively, will account for nearly 40% of the global aluminium cans market in 2021.
• Europe and North America, collectively, are projected to hold approximately 48% of the market share in 2021.

“Aluminium cans manufacturers are likely to collaborate with leading food and beverage companies to develop and innovate convenience technology for aluminium cans in order to maximize profits. Key players are also focusing on innovation in coating materials, patterns, and unique shapes to meet the requirement for product distinctiveness, which is in turn creating remunerative opportunities for the growth of the market” says an FMI analyst.

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Use of Aluminium Cans to Enhance Point-of-sale Appeal and Product Differentiation

Aluminium is a lustrous metal, which widens its applications for point-of-sale packaging solutions. Its unique physical attributes are enhancing the aesthetics of the packaging, and plays a key role in product differentiation.

Furthermore, shaped aluminium cans with distinct prints & decorations are used to increase shelf visibility of products. Increased shelf visibility are aiding the sales of end users, as most beverage purchase decisions are made on the spot.

Hence, premium brands are adopting aluminium cans with distinctive shapes and eye catchy graphics which can grab consumers’ attention to boost their sales. These factors are also anticipated to fuel demand for aluminium cans for packaging of deodorants, perfumes and other personal care products.

Aluminium Cans Market Landscape

Crown Holdings Inc., Ball Corporation, Ardagh Group S.A., are the top players operating in the target market. Furthermore, Silgan Containers LLC, Toyo Seikan Co., Ltd., Nampak Ltd., CCL Industries Inc., CPMC Holdings Inc. Kian Joo Can Factory Berhad, CAN-PACK S.A. are also noticeable players in the market. The Tier 1 players in the market hold 25-30% in the global market for aluminium cans.

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Aluminium Cans Market by Category

By Product Type:

• 1-piece Cans
• 2-piece Cans
• 3-piece Cans

By Capacity:

• Up to 200ml
• 201-450ml
• 451-700ml
• 701-1000ml
• More than 1000ml

By End-use Industry:

• Food
  • Fruits & Vegetables
  • Ready-to-eat
  • Meat, Poultry, & Seafood
  • Pet Food
  • Bakery & Confectionery
  • Others
• Beverages
  • Alcoholic
  • Non-alcoholic
• Personal Care & Cosmetics
• Pharmaceuticals
• Paints & Lubricants

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and 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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