Market Research Blog – Page 11594 – New Product Development

Food Grade Gases Market Expected to Reach Tremendous Growth by 2032

The global food grade gases market size is expected to reach US$ 9.19 Bn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 5.6% CAGR between 2019 and 2029. According to the report, growing demand for convenience food products and carbonated beverages have significantly fuelled the market for food-grade gases. Further, with the introduction of new products in the food industry and advancements in packaging technologies, there has been a growing need for food-grade gases for various end-uses. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market. However, supply chain disruptions and decelerated demand due to coronavirus may negatively impact growth

It includes in-depth insights into the food grade gases market. Some of these are:

The estimated value of the market was at US$ 5.3 Bn in 2019. Through the course of the report’s forecast period, the market is likely to exhibit to a steady pace of growth.
North America accounted for the largest market in the global food grade industrial gases market owing to higher demand for processed food.
Europe is emerging as the second largest market for food grade industrial gases. However, it is considered as established markets.
Asia Pacific is growing at a faster rate to grab major market in this region.

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“The increasing use of gases such as carbon dioxide, nitrogen, etc., in carbonated drinks has resulted in a positive impact on the food grade gases market,” said a lead analyst at FMI.

Nationwide Lockdown due to Coronavirus has stunted the Market Growth

The raising prices of raw materials needed to produce are hampering demand development. Worsening situation is disruptions in the supply chain caused by the recent COVID-19 impact. With manufacturers facing difficulties in obtaining available raw materials and fewer labourers, the production might be hampered. Reduced transport due to lockdowns imposed across different nations is also limiting the growth of the sector. If COVID-19 continues to spread around the world, it is unlikely that prevailing economic problems will abate quickly at any time. Unprecedented events occur with the illness passing through one horrid phase after another.

Who is Winning?

Global Food-Grade Industrial Gases Market is a highly competitive market which a major share taken by the active player such as Linde plc, Linde plc, Air Liquide S.A. and others. Mergers and acquisitions and product innovations are the next strategies preferred by companies to strengthen their market dominance. This strategy helps companies to expand their presence in the market across the globe. For instance, Linde plc acquired Praxair which is America’s one of the largest industrial gas companies to capitalize theirs in the American market. Also, the key players are focusing on expanding their network of innovation centers, which enable them to collaborate with customers on new product development and reformulations and make investments.

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Get Valuable Insights into Food Grade Gases Market

Gas Type

Nitrogen
Carbon dioxide
Oxygen
Others

Product Type

Dairy and frozen products
Beverages
Fruits & vegetables
Meat
Fish & seafood
Bakery and confectionery
Others

Application

Freezing and chilling
Packaging
Carbonation
Others

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Frequently Asked Questions

What is the Growth Outlook for Food Grade Gases Market?
By 2032, how much can the Food Grade Gases Market Grow?
What is the Current Valuation of the Food Grade Gases Market?
Which Region is likely to Lead the Food Grade Gases Market?

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About Future Market Insights (FMI)

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

Contact:

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Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Plant-Based Meatballs Market Analysis by Business Developing Strategies, Growth Key Factors and Forecast to 2030

The plant-based meatballs market is witnessing impressive growth due to the rising demand for alternate meat. As people are getting more inclined towards vegetarian or flexitarian diet, the demand for plant-based meatballs products is sky-rocketing across the global.

According to Future Market Insights (FMI), the global plant-based meatballs market is expected to rise at 23% CAGR during the forecast period from the year 2020 to 2030.

As an increasing number of people are moving away from meat to plant-based alternatives to live a cleaner and healthier life, plant-based meatballs market is experiencing surge in demand across the globe. Furthermore, the health-risks associated with various kind of meats such as red meat, and others are encouraging more consumers opting for plant-based meatballs products.

With the growing concern regarding animal life and welfare, more people are choosing to become vegan resulting in further increase in plant-based meatballs products Despite facing decline in market growth due to COVID-19 pandemic, the global plant-based meatballs market is expected to recover its growth rate by the beginning of 2021 creating ample of opportunities for the market players.

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FMI offers an exhaustive overview of the global market, along with its various growth drivers and restraints.

Some of the key takeaways from the report are highlighted below-

Plant-based chicken is expected to lead the global market among all other plant-based meatball products throughout the forecast period Soya-based protein sources are expected to gain traction all over the world in the coming years Food service sectors are anticipated to remain as the most efficient distribution channels Europe is expected to lead the global market in the coming years followed by North America Increasing concern for healthy, vegan lifestyle among the consumers is expected to boost the market growth in the near future

“Rising demand for plant-based meat alternatives has been aiding overall growth of the market. With some of the leading brands introducing plant-based meat balls in their menu to cater to health-conscious consumers, the market is expected to witness a flurry of launches in the coming years” says an FMI analyst.

COVID-19 Impact Analysis

The recent outbreak of novel coronavirus has affected the market growth due to several factors such as non-operational manufacturing units during the lock down period, unavailability of sufficient manpower, scarcity of raw materials, financial crisis, job recession, and others.

In the other hand, COVID-19 pandemic has made people more concerned about their health resulting in higher demand for the plant-based protein supply.

Despite facing a few constraints due to the pandemic, the global plant-based meatballs market is expected to grow further in the coming years.

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Who is Winning

In order to capitalize on opportunities prevalent in the global plant-based meatballs market, the key market players such as Beyond Meat, Kellogg’s, Sysco Foodie, Hydrosol, Gardein, Ikea, Zhenmeat, and others are focusing on launching wide varieties of products launching to target broad range of customers.

Beyond Meat has released their extensive range of plant-based meatball products such as pre-formed and ready-to-cook BEYOND MEATBALLS™, BEYOND BREAKFAST SAUSAGE®, COOKOUT CLASSIC™, BEYOND BURGER®, and others.

Sysco Foodie has launched their Sysco Cutting Edge Solutions Products in February 2020, in order to provide several categories of plant-based meat balls products such as Tyson Boneless Thigh Wings, Sysco Classic Fully Cooked Chicken Skewers, Sysco Classic Sous Vide Sirloin Steak, and others. Zhenmeat has launched their diverse range of plant-based meatballs products such as beef patty, steak, pork loin, crayfish and dumplings, and others.

Recently Subway has announced their exciting partnership like exclusive Halo Top Creamery® hand-spun milkshakes and fresh-baked King’s Hawaiian® bread.

As the global plant-based meatballs market is expanding steadily, the competition is expected to become tougher in the near future.

More Valuable Insights on Plant-Based Meatballs Market

In the latest report by Future Market Insights, we offer a thorough unbiased analysis of the global plant-based meatballs market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2020-2030. In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of product type (plant based chicken, plant based beef, plant based pork), source (soy-based protein, wheat-based protein, pea-based protein, canola-based protein, fava-bean based protein, potato-based protein, rice-based protein, lentil-based protein, flax-based protein, chia-based protein, corn-based protein), distribution channel (hypermarkets/supermarkets, convenience stores, specialty food stores, online retail, HoReCA), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

Frequently Asked Questions

At what CAGR is the plant-based meatballs market expected to grow?
plant-based meatballs?
Which are the top companies in plant-based meatballs market?
Which is the most lucrative category of plant-based meatballs?
Which source is most preferred for deriving plant-based meatballs?
Which is the preferred distribution channels in plant-based meatballs market?

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Corrosion Protection Tapes Market is Expected to Reach US$ 1.8 Bn by 2031, Expanding at a CAGR of 4.4%

The global corrosion protection tapes market is likely to join the bandwagon of exponential growth between 2022 and 2031 at a CAGR of 4.4%, reaching US$ 1.8 Bn by the year 2031.

Corrosion protection tapes are surface protection tapes infused with anti-corrosive materials which are covered around metal components suitable for wide-ranging usage in various industries. According to a new Future Market Insights (FMI) report, the corrosion protection tapes market is set to grow at a 4.5% CAGR.

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Corrosion protection tapes protect metal surfaces against corrosion and UV rays. These products offer various features including water resistance, easily applicability, and high shear resistance on welded joints and bends.

Also, corrosion protection tapes are cost-effective as compared to other adhesive alternatives which led to higher user adoption in the industrial sector. In recent years, corrosion protection tapes are gaining popularity due to high adhesive strength and excellent resistance to rust.

The sales and consumption of corrosion protection tapes is estimated to increase owing to the expansion of industries such as chemicals, automobiles, and building & construction in next decade.

Benefits offered by corrosion protection tapes include excellent electro insulation, flame retardant properties, and temperature resistance, which is projected to experience significant demand in the global market.

Key Takeaways from Corrosion Protection Tapes Market

PVC is a high-strength thermoplastic material that is widely used for making anti-corrosion tapes. It is estimated to lead the market accounting for more than 50% by the end of 2031.
The building and construction segment is expected to offer an incremental opportunity of US$ 216 Mn in the next decade, with fitting and sealing applications supporting growth.
Germany and the U.K have emerged as major markets in Europe, supported by the availability of production facilities, accounting for 14.4% and 13.5% of the market in 2021.
The U.S. accounts for 84% of the North America market, driven by robust supply chains in the industry.
China holds the lead in East Asia accounting for more than 63% of the region on the back of a burgeoning construction sector.

“Market leaders and small-scale manufacturers in the corrosion protection tapes market are likely focusing on expanding production capacities and presence in emerging economies. Industrialization recorded in emerging nations, will creative attractive opportunities for corrosion protection tapes sales,” says an FMI analyst.

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Key Segments Covered In Corrosion Protection Tapes Industry Research

By Material, Corrosion Protection Tapes market is segmented as:

Poly Vinyl Chloride (PVC)
Polyethylene (PE)
Polypropylene (PP)
Rubber

By End-use, Corrosion Protection Tapes market is segmented as:

Building & Construction
Chemical
Electrical & Electronics
Automobile
Aerospace & Defence
Marine

Impact of COVID-19 on Corrosion Protection Tapes Market

Amidst the COVID-19 pandemic, the corrosion protection tapes market went through a moderate slump as demand for corrosion protection tapes is largely derived from industrial sectors like building and construction, automobile, chemical, and others.

Rigorous lockdown in several regions including North America, East and South Asia, and Europe has created a negative impact on these industries in terms of demand and supply. Lesser demand generation for corrosion protection tapes was witnessed amid the COVID-19 period.

Recovery from the current pandemic is anticipated to maximize the sales of corrosion protection tapes in the years to come.

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Who is Winning?

3M Company, Nitto Denko Corp., and Berry Global Inc. are the top players operating in the corrosion protection tapes market. Furthermore, include Shurtape Technologies, LLC, Coroplast Fritz Müller GmbH & Co. KG, W. W. Grainger, Inc., Scapa Group plc are some of the leading players in the market.

Tier 3 players include DEHN + SÖHNE GmbH + Co. KG., PSI Products GmbH, and VANOS S.A hold 70-75% of the global corrosion protection tapes market share. In conclusion, key players contribute almost 25-30% of the global market.

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About FMI
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
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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Demand for Shrink Sleeve Label Applicators Market by Expansion of Food & Beverage Industry Growth

FMI Shrink sleeve label market report projects this industry to reach a high valuation during the forecast period of 2021-2031, which will be represented by a graph of positive growth, with a noteworthy CAGR. the growth is further boosted by an increase in applications in quick-service-restaurants (QSR).

“Owing to such heightening beverage sales, manufacturers are focusing on innovative product launches, keeping the flexibility of labelling machines at their core..” says the FMI analyst.

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Shrink sleeve label market – Important Highlights

Amongst end-use industries, the beverage industry is estimated to invest the most in the shrink sleeve label applicator packaging, owing to its rising popularity
According to product type, Labelling speeds over 600 BPM is estimated to gain importance in the future, showing a CAGR of more than 5.5%, because manufacturers are depending upon quick packaging strategies.
China is estimated to hold the major market valuation with a CAGR of 5.9% during the estimated period, owing to its huge growth in the beverage industry.
Germany remains the most lucrative market in Europe during the projected years because market growth is supported by rising sustainability concerns amongst manufacturers and consumers alike.

Shrink sleeve label market – Drivers

Rising environmental awareness will spur the growth of the eco-friendly shrink sleeve level market during the projected years.
An increase in demand for the beverage industry will continue to drive market growth.
The latest technological advancements in the shrink sleeve label applicators landscape are estimated to help widen expansion prospects for the forthcoming decade due to an increase in demand for minimal downtime and maximum output.

Shrink sleeve label market – Restraints

Due to its presence of polymers, a major cause of concern among manufacturers is the limited degree of recyclability of shrink sleeve labels.
It is difficult for the shrink sleeve label applicator market to cope up with the latest technologies that directly label the container instead of depending upon a film, which promises to remove the environmental concerns too.
Their functionality is decreasing as businesses are focusing on marketing their products online.

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COVID-19 Impact on Shrink sleeve label market

Shrink sleeve label applicators market have witnessed huge demand during the Covid-19 pandemic. As customers are worried about health and hygiene, there is a decline in popularity of dine-outs, and an increase in demand for instant foods and beverages has propelled the need for accurate labelling of packaged food items.

Competitive Landscape

With the increasing preference of manufacturers towards the promotion and branding of the packaged product with the rise in urbanization, there is an expectation of a massive increase in demand for shrink sleeve label applicators.

In June 2017, Axon, LLC introduced the customers in Latin America to a new iteration of shrink sleeve applicator which was specifically targeted for manufacturers who wanted to increase its operating efficiency as well as its production capability through dependable automation.

Prominent manufacturers in the shrink sleeve label applicator market areas include Fuji Seal International, Inc., Krones, KARALILLE, FINPAC, and so on.

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About the Study

The study offers readers a comprehensive assessment of the shrink sleeve label market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on product type (labelling speed, automation) application(food and beverages, cosmetics), and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

Table Of Content

Executive Summary

1.1. Global Market Outlook

1.2. Market Analysis

1.3. Analysis and Recommendations

Market Overview

2.1. Market Coverage

2.2. Market Definition

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation Trends

Global Shrink Sleeve Label Applicator Market Demand Analysis 2015-2019 and Forecast, 2020-2030

4.1. Historical Market Volume (Units) Analysis, 2015-2019

4.2. Current and Future Market Volume (Units) Projections, 2020-2030

4.3. Y-o-Y Growth Trend Analysis

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Global Shrink Sleeve Label Applicator Market – Pricing Analysis

5.1. Regional Pricing Analysis

5.2. Pricing Break-up

5.3. North America & Europe Average Pricing Analysis Benchmark

Global Shrink Sleeve Label Applicator Market Demand (Value in US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030

6.1. Historical Market Value (US$ Mn) Analysis, 2015-2019

6.2. Current and Future Market Value (US$ Mn) Projections, 2020-2030

6.2.1. Y-o-Y Growth Trend Analysis

6.2.2. Absolute $ Opportunity Analysis

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Intermediate Bulk Container (IBC) Market sales Demand for Agro Products, Chemicals, Personal care, Paints & Dyes Industry

Sales of container containers have increased significantly across industries such as FMCG, chemicals, paints and petroleum. Future Market Insights (FMI) forecasts intermediate bulk container (BIC) sales to grow at a CAGR of 6.8% by 2031.

There are many products that are not traded in different regions due to the lack of effective packaging types for transporting them. Intermediate bulk containers (RIBC and FIBC) are cost-effective packaging solutions that ensure that products are shipped to importers in their original form.

Greif Inc., SCHUTZ GmbH & Co. KGaA and Mauser Packaging Solutions are top players operating in the intermediate bulk container market. In addition, Berry Global Inc., International Paper Company, DS Smith Plc, Mondi Group also, attention in the intermediate bulk container market to collect you. The three-tier player in the market holds 55-65% in the global intermediate bulk container market. To summarize all the major players, it contributes almost 35-45% of the global market.

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Exploring undeveloped areas for product exports will create a wealth of opportunities for the growth of the IBC market. For example, according to the Institute of Organic Agriculture, Europe has the highest consumption capacity for organic foods.

Shipping these organic products from different regions requires the use of bulk bags , further arming the markets in this region. FIBC is considered the best choice for food exports.High demand for advanced containers for bulk liquid transport increases sales

Most European countries are steadily recovering from the recent recession caused by the pandemic, and trade activity may increase over the forecast period. This, coupled with the healthy growth of IBC trade volumes in East and South Asia, is expected to play an important role in stabilizing world trade.

With notable links in the supply and demand chain of industrial packaging, it is clear that manufacturing has stabilized production and demand for industrial packaging has increased.

Competitive Landscape

Companies operating in the intermediate bulk container market are aiming at expansion and strategic partnerships with other manufacturers to expand their product manufacturing capabilities and global presence.

In 2020, Mondi, the global packaging and paper group, is investing in its Styria (Austria) plant to further boost its ability to offer safe, clean, and environment-friendly liners for flexible intermediate bulk containers.
In 2018, Schoeller Allibert’s new foldable intermediate bulk container (IBC), Combo FRUCTUS® was created to meet the expectations of tomato paste and fruit juice industries.
In 2018, Drewsen New technology developed by Austrian manufacturer Starlinger & Co. GmbH (U.S. office is American Starlinger-Sahm, Fountain Inn, S.C.) can produce woven-tape fabric directly from PET bottle flakes. With Starlinger’s “bottle to bag” technology, woven bags are made directly from recycled material and can be recycled after use.
In 2017, Conitex Sonoco USA, Inc., a manufacturer and distributor of flexible intermediate bulk container (FIBC) bags, launched BulkSak on-demand, a web-enabled inventory program that provides new and existing customers on-demand access to over 70 types of ready-to-ship FIBC bags.

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Key Segment

By Product:

RIBC
- Metal
- Paperboard
- Plastic
- Composite
FIBC
- Flexitanks
- Bags

By Material:

Metal & Paperboard
Plastic
- PE
- PP
- PVC

By Content:

Liquid
Solid & Semi-Solid

By Capacity:

RIBC
- Up to 1,000 Ltr.
- 1,000 – 1,500 Ltr.
- Above 1,500 Ltr.
FIBC
- Up to 500 Kg
- 501 to 1,000 Kg
- 1,001 to 1,500 Kg
- Above 1,500 Kg

By End Use:

RIBC
- Chemicals
- Petroleum & Lubricants
- Paints, Inks & Dyes
- Food & Beverage
- Cosmetic & Personal
- Healthcare & Pharmaceuticals
- Others
FIBC
- Chemicals & Fertilizers
- Food & Agriculture
- Building & Construction
- Healthcare & Pharmaceuticals
- Mining
- Others

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By Region:

North America
Latin America
Europe
MEA
East Asia
South Asia
Oceania

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Pyramid Tea Bags Market is Expected to Reach US$ 380.5 Mn by 2030, Expanding at a CAGR of 4.5%

The growing trend for ready-to-drink tea has been complementing the rising consumption of pyramid tea bags. Future Market Insights (FMI) in its recent report has identified the scope for expansion of the pyramid tea bags market. The report forecasts the market to register a steady expansion at around 4.5% CAGR between 2022 and 2030. The benefits of well-being and health are witnessed as the main pyramid tea bags market drivers of potential growth in consumption

The key factor driving the market is the rising awareness about tea as a healthier alternative to popular beverages. Backed by advances witnessed in teabags packaging, their consumption is surging in emerging markets as well, where loose tea has conventionally boasted higher consumption.

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The report sees lucrative prospects for the market especially since brands are introducing diverse flavors of tea in addition to tea bags packaging styles. Manufacturers are presenting unique tea flavors such as blueberry, apple, mint, lemon, turmeric, and several others with shiny, bespoke pyramid tea bags in the market which aided them to sustain the market for much a longer time. Availability of pyramid tea bags in diverse flavors has been helping in gaining traction.

The report offers an executive-level blueprint of various factors enabling growth in the market. It also uncovers hidden prospects and potential threats. Some of the key takeaways from the report are discussed below.

Some of the key takeaways from the report are:

The pyramid tea bags market will account for US$ 380.5 Mn by 2030 end North America is estimated to remain the dominant region throughout the forecast period South Asia and East Asia markets will record growth at a higher rate of pace during 2020-2030 Nylon material shall constitute above 46% of the market by the end of forecast period Direct sales at present account for over 50% of market revenue share and is likely to continue to dominating the global market until 2030 end Commercial users are projected to account for a hefty share in the global market, wherein quick-service restaurants (QSRs) will be gaining significant traction

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COVID-19 Impact on Pyramid Tea Bags Market

As society continues to thrive and work more from home, amidst the COVID-19 pandemic, it will present significant opportunities for the pyramid tea bags market to boom. Especially with producers exploring opportunities in ecommerce, the market is expected to gain impetus despite ongoing restrictions posed by the pandemic.

Tea offers comfort and better health benefits, which has been aiding the overall market expansion. With consumers looking for natural ways of boosting immunity, surge in consumption of herbal tea is likely.

Spurred by these factors, the market despite sluggish growth in 2020, is expected to recover soon. Between 2020 and 2030, it is forecast to continue exhibiting growth at a positive pace.

Who is winning?

The presence of several leading brands has rendered the pyramid tea bags market consolidated in nature. Competition foreseen in the market is consequently rising, while 70-80% of market share is held by the tier 3 players, key players contribute around 20-30% of the worldwide market.

Major market players operating in the global market are Tata Consumer Products Limited, Hain Celestial Group, Unilever PLC, R. Twining, and Company Limited, Dilmah Ceylon Tea Company PLC, JIN DA Tea Co., Ltd, Bigelow, and The East India Company Ltd.

Players are majorly focusing on capitalizing on production volume, offering sustainable pyramid tea bags solutions, and expanding their reach worldwide. For instance,

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Key Segments Covered in Pyramid Tea Bags Industry Research

Product Type:

Small (Below 3 gm)
Medium (3-5 gm)
Large (Above 5 gm)

Material:

Nylon
Paper
Cotton
Silk
Others (Corn starch, etc.)

Distribution Channel:

Direct Sales
Retailers
- Hypermarket
- Supermarket
- Convenience Stores
- Other Retail Formats
E-Retail

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End-use:

Institutional
- Educational Institutions (Schools and colleges)
- Public Institutions (Govt. Offices and public places)
- Private Institutions
- Movie Theater
Commercial users
- Quick Service Restaurants (QSRs)
- Hotels
- Cafes

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Anti-counterfeit Cosmetic Packaging Market to Spur Business Growth By Rising Investments in Advancements by 2027

Expanding at a CAGR of 8.7%, the global anti-counterfeit cosmetic packaging market is projected to increase from a valuation of US$ 32.6 Bn in 2022 to US$ 49.5 Bn by 2027, according to a recently published study by ESOMAR-certified market research company Future Market Insights (FMI).

As global cosmetic consumption rises, unscrupulous entities are looking to flood the market with counterfeit, duplicate and sub-standard product lines, damaging the credibility of prominent cosmetic manufacturers. Various instances of product recalls have been reported due to the presence of toxic ingredients.

To prevent this, companies are investing in advanced counterfeit and tamper-proof packaging solutions, incorporating a combination of smart and conventional technological enhancements. Special emphasis is laid on multifunctional packaging, widening growth prospects.

Key Takeaways from the Study

Global anti-counterfeit packaging market to expand at nearly 9% value CAGR from 2022-2027
Europe remains a lucrative market, Asia-Pacific expanding rapidly
By packaging format, bottles to capture over 45% of global revenue share by 2027
RFID detection to remain preferred anti-counterfeit packaging technology, registering a value CAGR of 9.5%
PET plastics to be preferred packaging material choice during the forecast period
High implementation costs may restrict growth, especially in small and medium scale enterprises

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“Heightened awareness about safe packaging amongst consumers is prompting cosmetic companies to provide accurate product information, accelerating need for advanced packaging solutions,” says the FMI analyst.

COVID-19 Impact Analysis

The COVID-19 pandemic has altered consumer purchasing behaviour, with preference for contactless delivery taking precedence. Therefore, e-commerce channels are experiencing swelling business activity. This has sustained the demand for cosmetics across prominent geographies. This consistency in cosmetics sales is propelling the anti-counterfeit cosmetic packaging market.

Demand for skincare products has especially increased multi-fold, with consumers becoming highly cautious about their health. Striving to avoid contact with the virus, they are utilizing skincare products to prevent any kind of surface level infection. Therefore, anti-counterfeit solutions for skincare pharmaceuticals and cosmetics are witnessing enhanced uptake.

Market Structure Analysis

The global anti-counterfeit cosmetic packaging market is characterized by the presence of numerous regional and global level players.

Avery Dennison Corporation,
CCL Industries Inc.,
Zebra Technologies Corporation,
Honeywell International Inc.,
OpSec Security Inc.,
Uflex Limited
Label Makers Pty Ltd.
AlpVision SA
Authentix Inc.
Alien Technology Corp.

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The aforementioned players rely on product launches and inclusion of advanced virtual technologies. Moreover, they also rely on strengthening regional distribution frameworks to penetrate lucrative markets.

In 2021, Alien Technology Corp. introduced the Higgs ^TM9-inch memory IC, a next-generation RFID semiconductor integrated circuits. This device offers precise memory retention and read reliability under the most hostile conditions. Additionally, the system does not require additional input software.

In January 2022, CCL Industries Inc. acquired Ibertex Etiquetaje Industrial S.L.U. and Eti-Textil Maroc S.a.r.l. AU. The acquisition was worth approximately US$ 19.6 million. In March 2022, the company acquired Flexpol Sp. Z.o.o.

More recently, in June 2022, Fozzy Group, one of Ukraine’s largest grocery retailers, implemented Zebra Technology’s mobility solutions, including Android mobile touch computers, handheld scanners and software security.

Key Segments of Anti-counterfeit Cosmetic Packaging Industry Survey

Anti-counterfeit Cosmetic Packaging Market By Technology :

RFID
Security Inks & Printing
Security Seals
Holograms
Mass Encoding
Barcode
Digital Encryption & Serialization

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Anti-counterfeit Cosmetic Packaging Market By Packaging Format :

Anti-counterfeit Cosmetic Packaging for Bottles
Anti-counterfeit Cosmetic Packaging for Jars
Anti-counterfeit Cosmetic Packaging for Tubes
Anti-counterfeit Cosmetic Packaging for Sachets
Anti-counterfeit Cosmetic Packaging for Pumps & Dispensers
Others

Anti-counterfeit Cosmetic Packaging Market By Material :

Glass Anti-counterfeit Cosmetic Packaging
Paperboard Anti-counterfeit Cosmetic Packaging
Metal Anti-counterfeit Cosmetic Packaging
Plastic Anti-counterfeit Cosmetic Packaging
Polyethylene (PE) Anti-counterfeit Cosmetic Packaging
Polypropylene (PP) Anti-counterfeit Cosmetic Packaging
Polyethylene Terephthalate (PET) Anti-counterfeit Cosmetic Packaging
Others

Anti-counterfeit Cosmetic Packaging Market By Application :

Skincare
Hair Care
Makeup
Fragrance
Nail Care

Anti-counterfeit Cosmetic Packaging Market By Region :

North America Anti-counterfeit Cosmetic Packaging Market
Latin America Anti-counterfeit Cosmetic Packaging Market
Europe Anti-counterfeit Cosmetic Packaging Market
East Asia Anti-counterfeit Cosmetic Packaging Market
South Asia & Pacific Anti-counterfeit Cosmetic Packaging Market
Middle East & Africa (MEA) Anti-counterfeit Cosmetic Packaging Market

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U.S Packaging Testing Market Boosting Largest Sales by Food and Pharmaceutical Drugs Industry

Future Market Insight (FMI) estimates that packaging testing revenues will increase significantly from 2021 to 2031, with worldwide revenues up 12.3% year over year in 2021. Driven by introduction of new standards and regulations to increase sale of packaging testing equipment, the packaging testing market is forecast to reach valuation of US$ 12.60 Billion by the end of 2021.

Consumers are seeking convenient packaging options which are lab tested and stand true on the parameters of quality and quantity defined by regulation committees. Package testing is performed on packaging materials using scientific equipments to evaluate the suitability of contact material with processed and frozen foods, medicines drugs, etc.

Increasing demand for recyclable and biodegradable packaging has fueled the demand for packaging testing for different packaging materials under different conditions. Pharmaceutical drugs and food and beverage manufacturers are employing packaging testing to fulfill the complex packaging standards to build brand reputation. These factors are emerging as the key growth drivers in packaging testing market.

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Introduction of new standards by International Organization for Standardization, ASTM International, European Committee for Standardization, TAPPI, Military Standards, and ISTA (International Safe Transit Association) are also making a positive impact on the market growth.

Increasing consumer demand for rugged product packaging along with growing demand from product manufacturers for packaging that are highly durable and keeps product safe from impurities and damage will propel the packaging testing market growth throughout 2031.

Medical products and devices are required to go variety of testing services to evaluate the strength and durability of medical device packaging and ensure compliance with defined regulations and standards. Similar consumer electronics companies are also engaging in package testing to eliminate product damage by poor packaging. Rise in number of testing procedures like water-proof testing and drop testing is expected to generate significant revenue in packaging testing market.

Key Takeaways from FMI’s Packaging testing Market Study

North America packaging testing market is poised to grow at a prolific 10% CAGR during the forecast period. Growth uptick can be attributed to strict regulatory compliances issued by U.S. Food and Drug Administration, high demand for packaged foods and increase in consumption of medicines in U.S. and Canada.

Driven by rise in export and production of sustainable and safe packing in U.K. and Germany, Europe packaging testing market is forecast to grow at astronomical CAGR of 11.2% through 2031.

Japan will account for 26% of East Asia packaging testing market share, in the wake of rising geriatric population and increasing demand for pharmaceutical drugs for treating chronic diseases in the country.

South Korea market will exhibit significant growth owing to increasing demand for sustainable packaging for ready-to-eat and drink food & beverages in the country. South Korea will hold around 14% of East Asia packaging testing market share in 2021.

Food and beverage packaging testing registered stupendous growth due to rise in consumption of ready-to-eat packaged foods during pandemic crisis in 2020. The modern packaging offers longer shelf life for necessary food items, and thus are becoming common in households.

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“Rise in cases of chronic ailments have accelerated the demand for pharmaceutical drugs across the globe. Growing need for safe and secure packaging to protect the drugs will drive the market growth in upcoming years,” says the FMI analyst.

Competitive Landscape

According to FMI, market players are looking to ramp up their production capabilities as they are planning to introduce new and innovative packaging testing solutions. Strategic partnerships between market players are on the cards, to gain the upper hand in this competitive environment.

In July 2021, ProAmpac, a leading flexible packaging company started new innovation and collaboration center in Rochester, New York. The company aims to expand its physical and analytical laboratory testing services portfolio for multiple applications.

Liquibox and WestRock, two leaders in sustainable packaging collaborated and developed a “Ships In Own Container (SIOC)” bag-in-box solution for Amazon in 2021. This new packaging system reduces waste and eliminates the leakages, costly returns and brand reputation damage.

Prominent players operating in the packaging testing market are:-

SGS SA

Intertek Group Plc

Bureau Veritas SA

Eurofins Scientific SE

ALS Limited

TUV SUD AG

Mérieux NutriSciences Corporation

Microbac Laboratories Inc.

National Technical Systems Inc.

EMSL Analytical Inc.

Institut fur Produktqualitat GmbH

Campden BRI

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Table of Content

Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis & Recommendations

Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

Global Packaging Testing Equipment Market Demand (‘000 Units) Analysis 2015–2020 and Forecast, 2021–2031

5.1. Historical Market Volume (‘000 Units) Analysis, 2015–2020

5.2. Current and Future Market Volume (‘000 Units) Projections, 2021–2031

5.3. Y-o-Y Growth Trend Analysis

5.4. Pricing Analysis

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About FMI
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
Report: https://www.futuremarketinsights.com/reports/packaging-testing-market
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Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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Sachet Machine Manufacturers Market by Changing Consumer Preferences & Lifestyle Trends to Offer Lucrative Setting

Future Market Insights delivers key insights on the sachet packaging machines market in its published report, titled “Global Sachet Packaging Machines Market: Industry Analysis and Opportunity Assessment, 2022–2029.” In terms of revenue, the global sachet packaging machines market is estimated to expand at a CAGR of 5.8% during the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in this report.

The report includes a market research study on the global sachet packaging machines market, which includes market assessment and trend analysis of different capacities such as up to 100 sachets/min, 101-200 sachets/min, 201-350 sachets/min, and 350 sachets/min & above.

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Incorporation of Easy-to-use Features Trending among Key Manufacturers

Sachet packaging machines are basically form-fill-seal machines. The form fill seal machines market is expected to grow at a faster rate among other machineries such as bagging and filling machines. There are two types of sachet packaging machines- vertical form-fill-seal machines and horizontal form-fill-seal machines. Horizontal sachet packaging machines are generally used for the packaging of solid materials, whereas vertical sachet packaging machines are used for solid, liquid, and granulated products.

The market for vertical sachet packaging machines is expected to grow at a high CAGR owing to the smaller carbon foot-print as compared to horizontal sachet packaging machines, easy-to-use features such as improved film sealing technology and material handling techniques and reduced number of operations, and lower cost packaging solution. With the ability of handling both solid and liquid products, vertical sachet packaging machines are projected to grow in market size at a faster rate than horizontal sachet packaging machines.

Sachet Packaging Market Outlook

The global sachet packaging market is experiencing steady growth, and is expected to remain so throughout the long-term forecast period. As consumers shift towards economical packaging solutions, sachet packaging is becoming highly popular across the food, pharmaceutical, personal care and a host of other end-use applications.

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With the coronavirus pandemic looming large, growth prospects are moderately hindered, as production shortfalls led to declining output. This is gradually easing across such domains as food & beverage, pharmaceuticals and personal care. Therefore, demand for sachet packaging across these domains is likely to prevail.

Small Packaging Trend Gathers Momentum across East Asian Market, Favoring Sales of Sachet Packaging Machines

In the developed regions such as North America and Europe, the needs and preferences of today’s consumers are changing. For instance, consumers in Europe tend to pay more for products that make their hectic, on-the-go life a bit easier. Consumers in Europe look for more diverse choices in terms of quality, price, and convenience. Stick packs and sachets are preferred than family-sized packages due to the affordability in emerging countries such as India, Mexico, Thailand, and Indonesia.

The number of small portion, individual packages has therefore grown in South Asia region, in the past few years. The trend for small packages to pack snacks has been influenced by millennial lifestyle, demographic changes, and urbanization in Europe, thereby increasing the demand for sachet packaging machines.

Sachet Packaging Market – Key Research Findings

The global sachet packaging market size estimated in 2021 – ~US$ 8.7 Bn
The sachet packaging market is expected to witness a CAGR of 5.8% during the forecast period of 2021-2031.
The rising trend of single serve/unit dose packaging among consumers for products such as shampoo, oil, tea, coffee, sauces, and mouth fresheners, is expected to drive the growth of the market of sachet packaging.
Collectively, Asia Pacific and North America are expected to account for more than 60% revenue share in the sachet packaging industry, by the end of 2031.
- Demand for sachet packaging from the personal care & cosmetics industry is expected to propel the growth of the sachet packaging market in the United States, China, and India.
The personal care and cosmetics industry is expected to be the most lucrative end-use market for sachet packaging, followed by the pharmaceutical industry.
- Packaging of shampoos and conditioners is a prominent application of single-use sachets, owing to price-sensitive consumers in the developing regions.

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Key Segment

By Material Type

Plastic
- Polyethylene
- Polypropylene
- PET
- Polyamide
- Others
Paper
Aluminum Foil
Others

By Pack Size

1 ml – 10 ml
11 ml – 20 ml
21 ml – 30 ml
Above 30 ml

By Packaging Machinery

Vertical Form-fill-seal Machines (VFFS)
Horizontal Form-fill-seal Machines (VFFS)

By Application

Food
- Sauces & Jams
- Spice & Condiments
- Tea & Coffee
- Others
Personal Care & Cosmetics
- Shampoo & Conditioners
- Face packs & Gel
- Hair Oil

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Returnable Transport Packaging Market Growth by Expansion of Chemical Industry Aiding

The global returnable transport packaging market will grow by 4.8% CAGR between 2021 and 2031. Government regulations favoring intercontinental trade along with concerns pertaining environment will bolster the demand for returnable transport packaging in various industries such as chemical, food & beverage, building & construction, and others.

Returnable transport packaging includes IBC, pallets, crates, layer pads, drums, and dunnage bags which can be re-used. This packaging solution provides safe and secure transportation of goods and helps in reducing the carbon footprint as the same product can be re-used for transportation of another goods.

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Also, it helps in refining the supply chain as it is a reverse logistic system. These factors have encouraged the use of returnable transport packaging in various industries such as building & construction, food & beverage, chemical, retail, logistics, and others.

Returnable transport packaging is available in different materials such as metal, paper, plastic, and wood as per the requirement of end users. It offers clean and organized packaging solution as it reduces and eliminates the mess created by one-way packaging such as trash, dust, and others.

It also helps in building a brand reputation as it indicates that the company is adopting sustainable packaging solutions. On the back of these factors, the demand for returnable transport packaging is anticipated to grow during the foreseeable period.

Future Market Insights forecasts that the increasing trade activities along with the rising demand for re-useable and sustainable packaging solutions are projected to create growth opportunities for returnable transport packaging market.

Key Takeaways from Returnable Transport Packaging Market

By product type, the IBC segment followed by the pallets segment is anticipated to remain the most lucrative, accounting for approximately 70% of the market share in the next five years.
Based on material type, the cost-effective and lightweight feature will aid dominance of the plastic segment. It will account for around 69% of the market share in 2021.
By end use industry, food & beverage segment followed by chemical segment is estimated to remain dominant. Both industries will collectively account for nearly 80% of the market share in 2021.
China will spearhead growth in East Asia while demand in North America will be driven by sales in the U.S.
Germany will lead sales in Europe, trailed by the U.K.

“The increasing trade flow across various regions will propel the demand for returnable transport packaging to reduce the cost as well as reduce carbon footprint. Implementation of stringent environmental protection regulations will encourage use of returnable transport packaging as a viable packaging solution in transportation & logistics,” says a FMI analyst.

Focus on Sustainability fuelling Demand for Returnable Transport Packaging

Returnable transport packaging is gaining popularity among the various industries due to the increasing need for safe, secure, environmentally friendly, cost-effective, and lightweight packaging solutions.

These packaging solutions can be reused which helps in addressing the sustainability concern as it helps in reducing the waste created by one-way packaging along with reducing the carbon footprint.

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It helps in minimizing the use of raw materials, energy consumption, and wastage. Also, the returnable transport packaging solutions adhere to government regulations to support environmental sustainability.

The returnable transport packaging also contributes towards lowering the production cost which has created buzz among various industries. Moreover, the industries can save huge cost, which they normally incurred on disposing of packaging material. Overall, the increasing demand for sustainable, cost-effective and secure packaging solutions among the various end users will bolster the demand for returnable transport packaging.

Returnable Transport Packaging Market Competitive Landscape

Brambles Limited, Greif, Inc., Mauser Packaging Solutions, DS Smith Plc., and Schuetz GmbH & Co. KGaA are the top players operating in the target market. Furthermore, Time Technoplast Ltd., Schoeller Allibert Services B.V, and others are also noticeable players in the market. The Tier 1 players in the market hold 10-15% in the global market for returnable transport packaging.

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Returnable Transport Packaging Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for returnable transport packaging, analyzing historical demand from 2013-2020 and forecast statistics for 2021-2031. The study reveals market growth projections on the returnable transport packaging based on product type (IBC (rigid and flexible), pallets (wood, plastic, and metal), plastic crates, layer pads, drums (plastic, metal, and fiber), and dunnage bags), material type (metal, plastic, paper, and wood), and end use industry (building & construction, food & beverage, chemical, retail, other industrial, and logistics) across seven regions.

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