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The inflatable packaging market is set to grow at a steady pace through 2030, as demand for convenient packaging continues to grow.

Demand will continue to be strong in the US, however, opportunities in Asia Pacific are likely to complement growth. Many economies in Asia Pacific have been less severely impacted by the COVID-19 crisis, and this can offset some of the weakness in the market.

“Advanced technologies and better preference for packaging solutions across the planet, has surged the demand for inflatable packaging. Flourishing e-commerce activities demand convenient packaging solutions to avoid shocks and damage to the product,” says the FMI Analyst.

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Inflatable Packaging Market – Key Highlights

• According to analysis at FMI, bubble wrap section is anticipated to expand exponentially due to escalating demand by online retailers.
• US will remain the largest market for inflatable packaging during the assessment period.
• Owing to its lightweight feature, air pillow section will witness rapid adoption.

Inflatable Packaging Market – Driving Factors.

• Growing demand for safe packaging is pushing inflatable packaging market growth
• Air pillow section provides higher barrier protection against shocks, therefore, creating sustainable opportunities in fragile item packaging
• Requirement of bubble wraps in packing fragile products for cushioning purpose, propels demand for the same.
• Food, beverage and healthcare industries also require such packaging to reduce exposure and destruction.

Inflatable Packaging Market – Key Restraints

• Inflatable packaging continues to be relatively higher priced than traditional packaging.

• Reduced availability of raw materials is creating supply chain issues

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Competition Landscape

Key inflatable packaging market players are involved into incorporating innovative techniques like shock protective barriers to reinforce market growth. Some of the key players in the market include, Automatic Packaging Systems, Inc., Macfarlane cluster PLC, Polyair Interpack, Sealed Air Corporation, Pregis Corporation, Smurfit Kappa Group, Automated Packaging Solutions Inc., Macfarlane Group PLC, Polyair Interpac Inc.

Inflatable packaging manufacturers are also functioning on increasing product portfolio to get a better market insight. They are launching distinctive product and making new market technologies, mergers and acquisitions.

Intertape Polymer Group acquired Polyair Interpac to include bubble cushioning, mailers and air pillow systems and sold a variety of paper and film based packaging products.

Smurfit Kappa signed a contract with Nestle to enhance food packaging. This in turn helped in widening the supply chain and assisted in exporting products to greater distances.

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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 Inc.

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According to FMI, the global eco-friendly straws market is anticipated to exhibit a positive growth trend through 2030, primarily driven by growing focus on sustainable manufacturing and consumption. The report opines that awareness about sustainable living and rising environmental protection concerns will influence investments in eco-friendly products, and straws as a category will benefit from it.

Progressing at a steady CAGR of 5.1% (2022-2030), sales of eco-friendly straws are anticipated to attain an estimated valuation of US$ 2.2 Bn by the end of 2030. At present, the global eco-friendly straws market is valued at US$ 1.5 Bn.

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Demand for eco-friendly straws is especially strong across the foodservice segment, with an increasing proportion of consumers preferring to eat fast foods and other ready-to-serve meals.

Key Takeaways

• Global eco-friendly straws market to expand at 4.9% CAGR through 2030
• Stringent legal provisions combined with awareness campaigns by NGOs to curb plastic waste likely to drive market growth
• Virgin kraft paper to witness maximum adoption in eco-friendly straws production due to enhanced material neutrality
• Sales through e-commerce channels to surpass US$ 2 Bn by 2030
• Europe will witness higher investments in eco-friendly straws

“Collaborations with governmental agencies and global platforms to spread awareness about plastic waste generation is considered an important approach by vendors to promote sales of eco-friendly straws,” says the FMI analyst.

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COVID-19 Impact Analysis

With the onset of the coronavirus pandemic, a definite hygiene oriented pattern has emerged within consumers’ habits. Consumers are reallocating their budgets towards purchasing immunity and hygiene enhancing foods and beverages.

This trend of healthy drinking and eating also entails utilization of environmentally friendly utensils such as paper plates, bowls, straws and cutlery. Hence, demand for eco-friendly straws in household settings has witnessed a major spike since the past few months.

The imposition of lockdowns has compelled organizations to issue work-from-home directives. Subsequently, there has been an increase in the demand for fast foods and ready-to-drink beverages through online delivery platforms. This has impelled the sales of eco-friendly straws.

A moderate downswing is anticipated with the cessation of outdoor dine-in activities. Fears of community infection spreading has compelled hotels, cafeterias and restaurants to suspend all dining operations, decelerating demand for eco-friendly straws across the commercial sector.

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Competitive Landscape

Key players are focusing on expanding their reach globally by diversifying their product portfolio. They also undertake awareness campaigns to minimize usage of non-recyclable material and strategic partnerships with existing players.

In 2018, Sulapac Oy joined forces with Stora Enso to develop renewable and biodegradable straws. This partnership is a product of both companies’ commitment to combat the global problem of plastic waste generation. The straws are made from wood and natural binders, recyclable via industrial composting.

Recently, in May 2020, Huhtamaki Oyj collaborated with WasteAid and announced a global partnership to drive community level circular economy innovation in key locations. The collaboration aims to provide education and training on waste management and circular systems and work with key stakeholders across India, Vietnam and South Africa.

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

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Surging demand for simple yet effective informatory solutions in the healthcare landscape related to medical devices, drugs, diagnostic samples, etc. is expected to remain the primary growth attribute to the healthcare and laboratory labels market. As labels offer details of the medical samples such as purpose, longevity, and safety hazards, among others, they are considered crucial across hospitals and laboratories. Furthermore, the usage of labels is proving highly helpful to consumers in understanding the properties and functionalities of complex medical devices in home care settings.

Advent of technologies such as NFC, IoT, and RFID coupled with penetration of cloud platforms into healthcare settings have enabled the development of intelligent labels, and it is expected to further fuel the growth of the market. The development of smart labels that facilitate tracking, tracing, and automated data collection of the products is projected to give a major boost to the market.

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Along similar lines, implementation of stringent regulations pertaining to healthcare labels to curb the incidence of medical errors caused by faulty labeling is also forecasted to bestow remunerative opportunities to market players. In addition to mentioning details of the product, healthcare and laboratory labels have eased managing and gathering information, thus reducing chaos in data management applications across clinics, blood banks, pharmaceutical industries, and hospitals, among other end-uses.

On the back of these factors, the global healthcare and laboratory labels market is forecasted to grow in value at a steady CAGR of 4.8% between 2020 and 2030, according to a new market study by Future Market Insights. Some of the key takeaways from the report are:

• The global healthcare and laboratory labels market is projected to attain a valuation of US$ 22,700 Mn by the end of the forecast period.
• Based on material, paper-based labels are expected to remain the most sought-out material type, accounting for nearly 65% of the value, since they are easily available and affordable.
• Polyolefin-based labels are expected to create an incremental opportunity of US$ 1,450 Mn between 2020 and 2030, owing to increasing preference in nutraceutical applications due to strong adhesiveness.
• By end-use, the pharmaceutical segment is anticipated to channel the majority of revenue through the assessment period, backed by a high need for labeling novel drugs.
• North America is projected to maintain hegemony over the regional landscape, accounting for nearly 30% of market share, ascribed to the high emphasis on medical safety across healthcare and pharmaceutical sectors in the region.
• South Asia is exhibiting tremendous growth potential, due to increased spending on healthcare settings and is poised to expand at a 7.5% value CAGR.

“Players operating in the market are focusing on developing smart labeling solutions to stay intact with the ever-evolving consumer requirements and regulatory guidelines, which also ensures a strong foothold,” remarks FMI analyst.

COVID-19 Impact on Healthcare and Laboratory Labels Market

The outbreak of COVID-19 has emerged as a lucrative growth opportunity to market players, creating an unprecedented demand for labeling testing samples of COVID-19. While governments of severely impacted nations continue to upscale the testing capacity of COVID-19, the demand for laboratory labels is expected to witness a significant uptick. Moreover, surging numbers of COVID-19 care centers and infections have necessitated the maintenance of data and labels are proving helpful in identifying, tracking, and testing patients. On the back of these factors, the COVID-19 has catalyzed the growth of the market and the demand for labels will persist high through the pandemic period.

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Who is Winning?

Players operating in the healthcare and laboratory labels market are directing their efforts to develop advanced, innovative solutions that comply with the regulations while also adding value to the medical experience. On these lines:

• In March, 2020, Schreiner Group announced a partnership with RIFD tracking solutions provider, Kit Check to produce RFID-based smart labeling solutions.
• United Ad Label is also working on developing RFID-based labels to leverage the growing trend of smart technologies.

FMI’s report includes profiles of some of the most prominent names in the market including Avery Dennison Corporation, CCL Industries Inc., 3M Company, Multi-Color Corporation, UPM Raflatac Corporation, Brady Corporation, Sato Holdings Corporation, Weber Packaging Solutions, Inc., Schreiner Group GmbH & Co. KG, Diagramm Halbach GmbH & Co. KG, The Aenova Group, and Shamrock Labels.

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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 Inc.

Christiana Corporate, 200 Continental Drive,

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Plastic packaging is increasingly being used on account of superior barrier properties. According to Future Market Insights, the global pharmaceutical plastic packaging market is projected to surpass US$ 83 Bn by the end of 2030.

The global pharmaceutical plastic packaging market will reflect steady growth, supported by a surge in sales of pharmaceutical products to manage the coronavirus pandemic and a wide number of other chronic ailments.

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Who is Winning?

In a new report, FMI has studied the strategies deployed by major companies participating in the pharmaceutical plastic packaging market. Market leaders have been pushing for strategic expansions of production capabilities with the deployment of new facilities or the expansion of existing ones. The expansion strategy also focuses on bolstering geographic penetration in emerging economies to leverage operational cost benefits.

Some of the participants operating in the contact tracing applications market include Gerresheimer AG, Schott AG, Alpha Packaging Holdings Inc., Klockner Pentaplast Group, Amcor plc, Berry Global Inc., Becton Dickinson and Company, Parekhplast India Ltd., West Pharmaceutical Services Inc., Wipak Group, Mondi plc, Sealed Air Corporation, and Constantia Flexibles Group GmbH.

Pharmaceutical plastic packaging is highly sought-after for superior barrier characteristics. In addition, resistance to breakage, leaks and corrosion, and high compatibility with modern printing technologies make plastics a favorable option for drug manufacturers.

The market for pharmaceutical plastic packaging is witnessing a promising growth owing to efforts by manufacturers towards the incorporation of anti-counterfeiting technologies such as QR codes, and nanomaterials, along with sustainability initiatives including bio-based plastics, and recycled plastics.

The integration of smart-packaging technologies to improve patient compliance, and to prevent unauthorized access will also support market growth.

Rising demand for medication, particularly in developing countries, the vast population of geriatrics, issues of antimicrobial resistance, and stricter rules associated to medical safety and the environment are major influencers in the market.

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However, manufacturers continue to be challenged by factors such as poor ductility and heat resistance, potential risk of instability and interactions between, pharmaceutical formulations and the container. Also, plastic packaging does not provide high clarity levels, which can be an issue in terms of inspections.

Key Takeaways

Rigid plastic packaging products are gaining traction in the pharmaceutical sector owing to better protective and recyclability characteristics.

Prefilled syringes and cartridges are displaying strong growth owing to simplicity of use and better accuracy in dosage.

Innovations in tamper evident and child resistant designs support adoption rates.

North America and East Asia are prominent regional markets for pharmaceutical plastic packaging.

“In the near future, pharma plastic packaging will transition towards sustainable material options for design and production. Efforts to minimize plastic waste will bolster use of polyethene terephthalate (PET), which can be easily recycled,” says the FMI analyst

Covid-19 Impact on Pharmaceutical Plastic Packaging Market

The ongoing coronavirus pandemic will have significant influence on the pharmaceutical plastic packaging industry. The outbreak has revealed faults in supply chains, and will force market players to optimize strategies, minimizing vulnerabilities. In addition, restrictions on international trade will generate opportunities for local suppliers.

Also, the pandemic is expected to result in a surge of demand for antiviral and antimicrobial properties to reduce the risk of Covid-19 transmission through packaging services.

Ampoules and vials in particular are likely to gain investments. Blister packs and trays will find lucrative opportunities. On the other hand, sustainability initiatives will lose priority, while automation and robotics in production processes will gain traction.

Key Segments Covered in Pharmaceutical Plastic Packaging Industry Research

By Product:

Plastic Bottles

Caps & Closures

Pre-Fillable Inhalers

Pre-Fillable Syringes

Ampoules & Vials

Blister Packs

Bags & Pouches

Jars & Canisters

Cartridges

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By Packaging Type:

Primary

Secondary

Tertiary

By Drug Delivery Mode:

Oral Drug Delivery Packaging

Injectable Packaging

Topical Drug Delivery Packaging

Pulmonary Drug Delivery Packaging

Transdermal Drug Delivery Packaging

Ocular Drug Delivery Packaging

Nasal Drug Delivery Packaging

Other

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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Future Market Insights forecasts that the global BOPA films market is expected to reach US$ 1.6 Bn by the year 2030 at a CAGR of 5.3% between 2022 and 2030. Over the last few years, consumers have rapidly inclined towards flexible packaging owing to its portability and convenience factors such as reseal ability, microwaveable packaging, easy-open packs, carry-away packs, and longer shelf lives.

BOPA films are suitable for packaging of food products like frozen and cooked food, liquid and viscous food, liquid bag-in-box, fruits & vegetables, which has won them a special place in food packaging amongst most vendors.

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Technological advancements in pharmaceutical packaging such as next-generation blister packaging and serializable blood & parenteral nutrition bags made from BOPA films are expected to play a crucial role in demand growth of the market.

Analysts also expect that increased production of a wide array consumer goods will require packaging formats such as single-dose creams and soaps and stand up pouches, which will also open up add to the revenue earned by the market in the coming decade.

Key Takeaways of BOPA Films Market Study

• Food industry is estimated to be the key end user of BOPA films market and it is poised to account for 2/3^rd of the BOPA films global market by 2030
• A substantial portion of the BOPA films market share is captured by nylon 6 grade as end user prefer its high impact strength and easy orientation from both axis
• 11 to 20 microns is the preferred thickness in the manufacturing of BOPA films, which is likely to account for 60% of the global market by value at end of 2030
• East Asia to represent an incremental opportunity of US$ 241.4 Mn by the end of 2030 with presence of major BOPA films manufacturers such as Unitika, Mitsubishi, Toray, and others in the region

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“The demand for BOPA films in packaging is expected to increase in the years to come as the companies opt for flexible for functional solutions at affordable pricing. Increasing beauty and cosmetic industry and rising demand for improved packaging in the pharmaceutical industry are also projected to give the BOPA market a shot in the arm,” says an FMI analyst.

Demand for Transparent Packaging Solutions for Easy Recognition to Up BOPA Consumption

Transparency of a package is often a preferred form of packaging by most end users. If consumers aren’t able to see what’s inside the package, they are less likely to purchase it. As the demand for see-through packaging is on the rise, particularly in the packaging of food products, it is expected to boost the uptake of BOPA films.

Clearer packaging gives a visually pleasing look and therefore enhances the product’s shelf visibility. Thus, transparent packaging serves as a value addition to the consumer goods market, where product separation and quick identification is the focal point.

Transparent and flat surfaces can also be attained by using multi-layer BOPA films as they offer superior transparency and improves the overall quality of the package. This also saves on packaging costs for printing, and labelling, as the majority of the surface is intended to give the package a visual appeal.

In addition, the glossy surface of BOPA films, which gives the perfect print finish, would give stakeholders an ability to sell their brands by improving the overall appeal of their products. Benefits also include adding mechanical strength and heat resistance to the film, high ductility, and impact strength to film, which is boosting its market growth.

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Impact of COVID-19 on BOPA Films Market

Significant amount of BOPA films demand is reliant on food packaging industry. The BOPA films are used in the packing of meat & poultry, cheese, frozen food, ready-to-eat foods, fresh fruits and vegetables. Due to COVID–19 outbreaks, people are also opting for packaged food items, which has had a short-term positive impact on the market.

Consumers are expected to prefer packaged food due to its limited handling. Furthermore, as the packs can be disinfected and stored, consumer is likely to spend more on this segment.

On the flip side, the global uncertainty of COVID–19 has impacted the BOPA films market with disruption of production, raw material procurement, and supply to end users. Analysts anticipate that this continue for the next two quarters of 2020.

Rapidly changing consumer shopping habits from offline to online platforms, unused stock and inventory across food & beverage segment, and extended lockdowns are expected to negatively impact the BOPA market.

BOPA Films Market Landscape

Unitika Ltd., Mitsubishi Chemical Corporation, Toray Advanced Film Co., Ltd., and Winpak Ltd. are the top players operating in the BOPA films market. Besides, Kolon Industries Inc., Hyosung Corporation, TOYOBO Co., Ltd., A.J. Plast Public Company Limited, Sojitz Plastics America Inc., and Domo Chemicals are some other prominent players in the BOPA films market.

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The Tier 3 players in the market hold around 40-45% in the global BOPA films market. In conclusion, key players contribute almost 55% of the global BOPA films market as there are fewer BOPA film manufacturers.

BOPA Films Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global BOPA films market, analysing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the BOPA films market on the basis of grade (Nylon 6 and Nylon 66), thickness (Up to 10 Micron, 11 to 20 Micron, 21 to 30 Micron, and Above 30 Micron), end use (Food, Pharmaceutical and Healthcare, Electrical and Electronics, Chemicals, Others (Industrial Packaging) and across seven 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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Luxury rigid boxes market is projected to reach over US$ 5.4 Bn by 2030, as per the new market study published by the ESOMAR recognized research firm Future Market Insights.

Luxury rigid boxes have been an ideal solutions for product premiumization. They add to the appearance and aesthetics, boosting sales of the beauty and personal care products. This has prompted the end-use segment to use luxury rigid boxes to make impactful designs to lure in more consumers. With a booming beauty products market, analysts anticipate that luxury rigid boxes will see excellent growth opportunities.

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The global leaders of beauty and personal care industries including Unilever, L’Oréal, Estée Lauder Procter & Gamble, and Shiseido and Coty have collectively reported soaring revenues, which is expected to translate with bigger budgets for luxury packaging of products. North America and Asia Pacific leading market for beauty and personal care markets and holding nearly 64% market share. All of these statistics point towards brilliant growth opportunities for luxury rigid boxes, which are continuously evolving to keep with the changing demands. Today, demand for eco-friendly packaging materials is also being factored in the production of luxury rigid boxes.

Furthermore, gradual shift from traditional packaging trend to smart and connected packaging trend has been observed in recent years. Digital shopping platforms and e-commerce have drastically increased connectivity with the consumers and it has created a great exponential opportunity for the manufacturers in the luxury boxes market. The luxury boxes with Near Field Technology and RFID technology are expected to be next-gen intelligent packaging formats, as the demand for anti-counterfeiting and anti-theft prevention packaging solutions is increasing.

KEY TAKEAWAYS OF LUXURY RIGID BOXES MARKET STUDY

• Consumer goods industry is estimated to account for more than 1/3^rd of the luxury rigid boxes market by 2030
• Two piece boxes estimated to have an incremental opportunity of US$ 268 Mn by 2025
• Paper and paperboard estimated to account for 68% of the global market by value, and reach slightly over US$ 3.6 Bn in 2030
• Magnetic closure is estimated to gain by 180 bps of current market share during the forecast period
• Foam inserts are estimated to have a significant market share by insert types, accounting for more than half of the market share by 2030
• Asia Pacific is estimated to have an incremental opportunity of US$ 930 Mn by 2030 with the increasing demand for luxury boxes for confectionery product packaging

“Luxury rigid boxes are the elegant and sophisticated medium for presenting products. Additionally, these boxes promote impulse purchasing of the products. Demand for luxury rigid boxes among end users is consistently increasing to build and enhance positive brand image. In spite of declining phase of luxury rigid boxes market in 2020 due to COVID 2019, significant revenue generating opportunities are anticipated with explosive nature of e-commerce and digital shopping,” says and FMI analyst.

PLAYERS AIM AT MERGERS & ACQUISITIONS TO EXPAND PRODUCT PORTFOLIO

As a part of growth strategy, companies are emphasizing on mergers & acquisitions of small or medium sized specialized companies in order to expand their product portfolio, market footprint, increasing brand value, strengthen supply chain network etc. Some of the deals in past years are as follows –

• In January 2019, Metsä Board, the paperboard and packaging manufacturer, introduced new luxury box named SkinCare 2.0 gift box which uses fibre-based materials to replace plastic
• In November 2018, Fresnels Inc, the company which provides packaging solutions, developed a new recycled folding carton features dynamic nanotechnology decorative elements to catch the eye and interact with customers in the retail beverages environment.

Catering to the growing sentiment of eco-friendly packaging to reduce the pressure on landfills and to ensure responsible packaging is expected to create worthwhile opportunities for the players.

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IMPACT OF COVID-19 ON LUXURY RIGID BOXES MARKET

Manufacturers across the globe are facing several challenges in production of luxury rigid boxes due to COVID-19. This is primarily due to disrupted supply chain and trade related regulations. COVID-19 has had a negative impact on the economic activities and unfortunately, a quick recovery of the situations is possibly difficult. However, as global supply chains are disrupted, governments across various regions are considering stimulus packages to revamp the economy.

Owing to the declining economic condition, less demand for luxury packaging is estimated in 2020. Luxury rigid boxes market is largely dependent on sales of cosmetic, perfumes, and confectionery products packaging. A gradual shift from luxury product purchasing to essential product purchasing is witnessed in the mid of 2020. Therefore, as per FMI analysis, the luxury rigid boxes market is expected to decline till year end. However, the production activities are slowly resuming and expected to create growth opportunities for luxury rigid boxes in next decade.

LUXURY RIGID BOXES MARKET LANDSCAPE

The global luxury rigid boxes market is fragmented and it is anticipated to witness tough competition among the manufacturers across several regions. This market consist of strong key players focusing on innovative product development. Besides this, new players are entering into the market owing to significant sales creation with the increasing demand for luxury boxes in cosmetics, food and beverages and personal care industries.

The key players of global luxury rigid boxes market are Robinson Plc, McLaren Packaging Ltd, DS Smith Packaging Limited, PakFactory, Madovar Packaging Inc., Burt Rigid Box, Inc., Holmen AB ADR (Iggesund Paperboard), Elegant Packaging, Elite Marking Systems, Design Packaging, Inc., Bigso Box Of Sweden, ACG | Ecopack (Finn Industries, Inc.):, JohnsByrne, Sunrise Packaging, Inc., Asia Korea Printing Inc., Bell Printers, Prime Line Packaging, Autajon, Npack ltd., Taylor Box Company, among others.

The Tier structure is categorized in three stages. The Tier 1 stage highlights prominent players such as DS Smith, Holmen AB ADR (Iggesund Paperboard), Bigso AB, and PakFactory. These leaders are characterized by wide product portfolio and high sales for luxury boxes. The Tier 2 players are Taylor Box Company, Robinson Plc These players are identified on the basis of their product portfolio, segmental revenue and market presence. The Tier 3 stage includes McLaren Packaging Ltd., Burt Rigid Box Inc., Sunrise Packaging Inc., Design Packaging, Inc., Madovar Packaging Inc. etc. which are characterized by strong customer relationship in the local markets. Overall these companies are expected to hold nearly 15-20% market share in the global luxury rigid boxes 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.

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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Molded fiber pulp packaging will gain traction due to the expanding application in the food and beverage industry. As per a study by Future Market Insights (FMI), the sales of molded fiber pulp packaging is expected to grow at a CAGR of 5.1% between 2021 and 2031.

Molded fiber pulp packaging is accepted worldwide in protective packaging applications which provide excellent cushioning and vibration dampening properties. Applications of molded fiber pulp packaging in logistics, cosmetics, healthcare, and automotive sectors are growing rapidly.

The disruption in supply chains during the COVID-19 outbreak and the resultant restrictions have negatively impacted sales. Expansion of the food & beverage industry and the rising demand for consumer goods will generate ample growth opportunities to manufacturers in the near future.

The consumption of molded fiber pulp packaging is expected increase exponentially, as recyclable and reusable materials become coveted by leading manufacturers. Efforts to ensure safety compliance and industry standards will positively influence growth.

By using molded fiber pulp packaging, marketers and retailers are able to meet the demand for sustainability and durability. This has captured consumer attention and has contributed to the adoption of molded fiber pulp packaging in the durables segment.

Clamshell containers are the most widely used product type in the molded fiber pulp packaging market as they are considered ideal for stacking applications in multiple end use verticals. Molded fiber pulp packaging provides resealing and re-usability characteristics, driving up the scope of sales for the foreseeable future.

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Key Takeaways from Molded Fiber Pulp Packaging Market

• Trays are estimated to hold more than 34% of the market share by 2031, owing to wide scope of applications and superior durability.
• In North America, the U.S. has emerged as a mature market owing to the presence of major food & beverage manufacturers. It will register incremental opportunity of US$ 774.1 Mn.
• Transfer molded pulp products are expected to expand at a CAGR of 5.4%. This pulp type offers manufacturers a better recyclable and responsible alternative to plastic.
• China leads Asia Pacific excluding Japan and is expected to reach a valuation of US$ 2.2 Bn in 2031.
• The U.K. will dominate Europe, surpassing Germany to reach 21% of the value share by 2031. Growth in the U.K. will be supported by investments in research, and positive prospects for imports.

 “The global molded fiber pulp packaging market is driven by surge in demand for sustainable packaging solutions with protective packaging characteristics. These solutions also are considered ideal for logistics and transport,” says an FMI analyst.

Stringent Regulations Will Support Molded Fiber Pulp Packaging Sales

As concerns regarding packaging waste continue to soar, regulatory bodies have implemented stringent measures to curb the use of single-use plastic. This has proven to be a boon for the molded fiber packaging industry.

Manufacturers are discouraging the use of foam (EPS) in a variety of food and food service packaging services. Nearly a dozen U.S. cities including Washington DC, Seattle, and New York, have banned or taxed the use of polystyrene single-use products.

Thus, the molded pulp packaging industry is projected to have robust growth in these markets as regulatory bodies continue to discourage single-use plastics.

Who is Winning?

Leading players in the molded fiber pulp packaging market are largely focused on production development and capacity expansion strategies. Key players contribute approximately 20-30% of the global market.

Top players include but are not limited to Huhtamaki Oyj., Pactiv LLC, Brodrene Hartmann A/S, Henry Molded Products, Inc., ESCO Technologies Inc., UPF Technologies, Inc., ProtoPak Engineering Corporation and Celluloses De La Loire are the top players operating in the Molded Fiber Pulp Packaging market..

Competitive Landscape

As the adoption of molded fiber pulp packaging is witnessing a surge in North America and Europe, leading manufacturers are ramping up their production capacities to fulfil this demand. This demand is majorly fueled by consumer-driven shift from plastic to molded fiber.

• In 2019, Huhtamaki Oyj. inaugurated a new fiber packaging line, for manufacturing foodservice packaging and egg packaging. Also, the company is investing in R&D to enhance and launch new product lines for business expansion.
• Chinet offers tableware made up of molded fibre pulp which is one of the most recognized disposable tableware brands in America and are also microwave safe.
• In July 2021, AR Packaging joined hands PulPac to use the PU300 production platform to meet demand for affordable and sustainable fiber pulp products.

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Molded Fiber Pulp Packaging Market by Category

The expansion of retail industry and increasing expenditure on labelling and tagging across all products is driving the variable data printing (VDP) market. Future Market Insights states that the healthcare and food and beverage sectors will remain exceptionally important to growing usage of variable data printing as consumers seek clear, detailed labelling.

The product labelling segment of the market will soar during the forecast period as end users often seek flexibility while printing labels. Customization of artwork, data, and content without hampering the mass printing process makes variable data printing a preferred choice. The global variable data printing market is anticipated to exhibit a CAGR of 12% during the forecast period of 2020-2030.

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“Focus on RFID labels and tags will win players in the variable data printing market substantial profits. These labels are expected define smart, agile supply chains, catering to fast-changing retail trends for greater customer satisfaction. Moreover, providing RFID tags can resist adverse conditions such as moisture and high temperature and are less expensive compared to other substitutes, which will benefit the end users of RFID segment in the coming years,” says an FMI analyst.

Key Takeaways of Variable Data Printing Market Study

• North America is expected to hold a significant share in the global variable data printing market as adoption of RFID labels and creative labeling increases
• Accelerated adoption of variable data printing in the food & beverage industry will propel growth of variable data printing by 13% during forecast period
• Barcodes and QR code printing is expected to hold a significant share of 36% during forecast period in the global market as digital wallets become the new normal for making payments
• Retail and CPG segment will exhibit a CAGR of 18.5% between 2020 and 2030 in South Asia & Pacific variable data printing market creating potential growth opportunities for vendors

COVID-19 Pandemic Impact Analysis

With the supply of only essential goods and restricted movement, the lockdown has had a massive impact on the global printing industry, bringing it to a near-standstill. Only a handful of companies have been able to continue operations with 20-25% staff, slowing operations and creating uncertainty of business.

While manufacturing companies have been allowed to run at 50 percent capacity, most label printing companies are running at as low as 15-20% production capacity. In the past 5 years, the market for variable data printing has grown by almost 10% globally. However, the COVID-19 outbreak is expected to cause a shift these statistics as demand from non-essential items such as clothing and cosmetics is projected to drop.

On the other hand, analysts project that the demand for variable data printing will remain high in the pharmaceuticals and food & beverages sectors in Q2 2020, a trend that will continue through Q3 and Q4 2020. The indispensable need of products these sectors manufacturer, impeccable logistics built by e-commerce industry to make them available to end users, and smart tracking with RFID labelling could offset the losses the market is expected to suffer.

Restaurants Add to Food & Beverages Industry’s Contribution Variable Data Printing as Branding becomes Essential

The food & beverage segment will hold a lion’s share in the market as consumption of processed and packaged food increases amidst the pandemic. Growing demand for ready-to-eat food items, especially in South Asia & Pacific region is expected to boost the demand for variable data printing.

Emerging economies, such as India and ASEAN countries, have been observing a boost in its retail food industry, as well as in the adoption of on-the-go food consumption trends. As takeaways are slated to rise with restaurants discouraging dine-ins to avoid cross-contamination, packaging is expected to play a critical role for restaurants in building brands. Collectively, these factors are expected to help the market proceed at a significant pace during the forecast period.

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More Valuable Insights on Variable Data Printing Market

Future Market Insights offers an unbiased analysis of the global variable data printing market, providing historical data for 2015-2019 and forecast statistics from 2020-2030. To understand opportunities in the variable data printing market, the market is segmented on the basis of component, application, and industry across major regions.

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

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