Foodservice Paper Bags Market Size, Growth, Demand, Scope, Opportunities and Forecast 2020-2030

In its new market study, Future Market Insights (FMI) has forecasted that the global foodservice paper bags market will record healthy growth between 2020 and 2030, and will progress at a CAGR of 5.4%. Moreover, the study projects that the market will attain a global valuation of US$ 1.45 Bn by 2030.

In the recent past, rising concerns regarding alarming levels of pollution caused by plastic have compelled several nations to impose a ban on plastic materials. This is promoting foodservice providers to opt for sustainable packaging solutions, thus driving the demand for paper bags.

Along similar lines, the proliferation of online food delivery and the growing trend of on-the-way meals are positively influencing the adoption of paper bags in foodservice applications. As end-users seek packaging solutions that are strong and leakage-proof, manufacturers are emphasizing on innovation in product design.

“Market players are focusing on developing products with high tensile strength and better quality to gain an edge over their counterparts, plastic bags, which are stronger than paper bags,” remarks FMI analyst.

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Key Takeaways

  • Brown kraft-based paper bags are expected to account for more than 4/5th of market value, owing to their stiffness.
  • Non-handle bags will remain the most sought type, capturing nearly 2/3rd of market value, backed by their convenience and low cost.
  • On the basis of end-use, restaurants are poised to capture more than half of overall global value, ascribed to the rising trend of take-away.
  • Europe is projected to spearhead the regional landscape of the market, capturing more than 1/3rd of market value.
  • East Asia will prevail as the second most lucrative regions through the forecast period, holding a quarter of the market value.

COVID-19 Impact on Foodservice Paper Bags Market

The outbreak of COVID-19 is exhibiting a dual impact on the packaging industry and it clearly reflects in the demand for paper bags in the foodservice sector. As people across the world remain confined in their homes, packaged food has emerged as a solution for their food cravings.

With efficient online food delivery services in place, consumers are resorting to online orders. This will aid the demand for paper bags to sustain during the forecast period to an extent. However, the closure of restaurants and other food outlets coupled with limitations on the production front will pose a challenge to the steady growth of the market during the pandemic.

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Who is Winning?

Key players in the market are focusing on producing sustainable products to comply with the existing norms on packaging methodologies. Along similar lines, traditional growth strategies such as acquisitions, mergers, and expansions will continue to shape the competitive landscape. On these lines:

  • In 2019, Amcor launched a new recyclable packaging format that is capable of reducing carbon impact by 64%.
  • In the same year, Westrock company completed acquisition of KapStone Paper and Packaging Corporation with an intention to expand its product portfolio.

FMI’s report includes profiles of some of the most prominent names in the market including WestRock Company, Huhtamaki Oyj, Paperbags Limited, Novolex Holdings LLC, Ronpak Inc., The Mondi Group LLC, Amcor Ltd., Vegware Ltd., Stora Enso Oyj., Smurfit Kappa Group, International Paper Company, Georgia Pacific LLC, Welton Bibby And Baron Limited, Biopac (UK), United Bags Inc. and Global-Pak.

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:
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T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/foodservice-paper-bags-market
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Electrostatic Discharge (ESD) Packaging Market Segmentation and Analysis by Recent Trends, consumption by Regional data, Development, Investigation, Growth by FMI

Electrostatic Discharge, or ESD, are those plastic materials which help reduce static electricity, thereby protecting electrostatic sensitive devices. ESD packaging is being highly used to transport various consumer electronics as well as large computers and servers.

A recent study published by ESOMAR-certified Future Market Insights on the global ESD packaging market establishes that the market is slated to expand impressively through 2030.

Deepening internet penetration has accelerated the adoption of various electronic and IoT devices with a view to streamline production and operational efficiency. Hence, production of integrated circuit boards, chips and other material has risen, providing immense scope for expansion of electrostatic discharge packaging solutions.

Prolific developments are expected in the automobile manufacturing segment, with companies seeking to leverage automation and cloud computing systems to generate greater output. However, near-term prospects appear sluggish in the wake of the COVID-19 pandemic.

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Key Takeaways from FMI’s ESD Packaging Market Report

  • ESD packaging bags continue to witness high demand
  • Electrical & electronic components manufacturing to witness high adoption of ESD packaging
  • North America to emerge as market hegemon, East Asia to be the fastest expanding market
  • Presence of metallic powder in ESD packaging is likely to impede adoption, owing to high possibility of component damage

“Vendors are relying on customization of product offering to cater to multiple industries, thereby enhancing their future revenue prospects,” comments the FMI analyst.

COVID-19 Impact Analysis

The COVID-19 pandemic has had varying impacts on the growth prospects of electrostatic discharge packaging across different end-use industries. While uptake across electronics and electrical goods manufacturing has surged, industries such as manufacturing and automotives have registered substantial decline in the past few months.

In the former case, growth has remained sustained due to the enforcement of work from home guidelines by various business organizations. This has stimulated demand for IoT devices such as smartphones and laptops. Hence, production of these devices’ internal assembly parts has accelerated, broadening revenue prospects for ESD packaging solutions.

In the latter scenario, falling production and output levels as a consequence of government-enforced shutdowns has stalled demand for IoT devices in these sectors. Thus, sales of ESD packaging solutions have suffered a substantial fall. This sluggishness is expected to prevail until 2021-end.

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Competitive Landscape

A plethora of manufacturers operate within the ESD packaging landscape. Some prominent vendors include, but are not restricted to: Conductive Containers Inc., Tandem Equipment Sales Inc., Elcom (UK) Ltd., Global STATCLEAN SYSTEMS and NEFAB Group among others.

Amongst all strategies deployed by the abovementioned market players, it has been discovered that offering customized packaging solutions is the best approach in order to withstand the high degree of competition within the market.

Furthermore, vendors are capitalizing on mergers and acquisitions in order to cope with the ever changing market scenario across the most lucrative growth regions. Product innovation is yet another approach adopted by several players.

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.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/electrostatic-discharge-esd-packaging-market
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Corrugated Automotive Packaging Market Sales Demand, Industry Analysis, Size, Share, Growth, Trends And Forecast 2022-2030

Consumption of corrugated automotive packaging is projected to rise at a CAGR of 4.4% from 2022 to 2030, and the market is predicted to attain an estimated net worth of US$ 2.7 Bn by 2030. Currently, sales revenue from the corrugated automotive packaging market amount to US$ 1.8 Bn.

According to a recent report by Future Market Insights (FMI) the market for corrugated automotive packaging is likely to reflect moderate growth from 2020 to 2030. The sector is expected to benefit from sustainability initiatives in the packaging industry. The growth trajectory of the global corrugated automotive packaging market is projected to be significantly affected throughout 2020. A substantial dip in comparison to previous years is likely, largely owing to the effects of the coronavirus pandemic on the global automotive sector.

According to the report applications of corrugated packaging will primarily find use for lighting components, owing to safety standards associated with electronic parts, with boxes remaining a popular option for efficient logistical supply chain operations. The market is expected to gain from industry acquisition and capacity expansion strategies and investments towards product development.

In addition, continued demand for plastic and foam based corrugated packaging and increased niche applications for engine and battery components are likely to aid the industry for years to come. On the other hand, strict regulations about automotive component standards in terms of safety and the environment will restrict industry prospects. Also, high capital costs in the industry are expected to restrict market developments to large scale players.

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The FMI report provides an overview of the industry, covering key dynamics in the market. Some of the top takeaways of the report include:

  • The corrugated automotive packaging market has been valued at over US$ 1.7 billion in 2019, and the growth rate of the market is likely to be strongly affected by the covid-19 outbreak, owing to lockdown restrictions on the manufacturing and automotive sectors
  • Corrugated boxes remain the preferred packaging format, owing to benefits in stacking, and efficiency in logistical operations from suppliers to end users
  • Packaging for automotive lighting will generate higher demand as that of batteries, engine components, filters, and electrical among others. Engine and battery packaging applications are likely to reflect faster growth owing to lower risk of accidental discharges

East Asia remains a leading market, supported by a vast automotive industry and numerous packaging material manufacturing facilities. Further, South Asia is also expected to be a key contributor on the back of demand from India, Indonesia, and Thailand.

“Original equipment manufacturers (OEMs) in the automotive industry are displaying increased preference towards corrugated packaging options owing to easier recycling, lower costs of shipping, and low weight. Corrugated packaging products are easier to customize as per the needs of the end user through the supply chain,” said a lead analyst at FMI.

Covid-19 Effect on Corrugated Automotive Packaging Market

The coronavirus outbreak has had a largely negative impact on the corrugated automotive packaging industry. Lockdown restrictions on the automotive, manufacturing, and packaging sectors will result in a sharp decline in demand.

Also, restrictions imposed on international trade in terms of raw materials and components and restricted operations at production plants are likely to have a disruptive impact on the market in the short term. Recovery is likely to be sluggish owing to uncertainty over duration and severity of the outbreak, with growth likely to rise through 2021.

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Who is Winning?

In its latest report, Future Market Insights has given a detailed analysis of the many strategies being employed by market players in the corrugated automotive packaging market. Leading players are largely emphasizing on product development and launch strategies in addition to strategic acquisitions and capacity expansions.

Some of the major players in the industry include International Paper Company, Sonoco Products Company, Mondi Group Plc, Sealed Air Corp, WestRock Company, Greif Inc., DS Smith plc, and Smurfit Kappa Group plc, among others.

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 8-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/corrugated-automotive-packaging-market
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Eco-Friendly Straws Market Trends, Segmentation, Outlook, Industry Report to 2030

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.

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.

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.

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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.

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.

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 8-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/eco-friendly-straws-market
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Demand Analysis for Healthcare and Laboratory Labels Market | Current Trends, Issues, Challenges, Sales Projection, Opportunity Assessment

The global healthcare and laboratory labels market stands at US$ 9.2 Bn as of the year 2022 and is expected to be worth US$ 13.5 Bn at a CAGR of 4.9% between 2022 and 2030.

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.

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 8-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/healthcare-and-laboratory-labels-market
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Pharmaceutical Plastic Packaging Market Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2030

The pharmaceutical plastic packaging market is projected to progress to US$ 83.9 Bn by the year 2030 at a CAGR of 5.8% between 2022 and 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.

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.

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.

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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.

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.

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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.

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/pharmaceutical-plastic-packaging-market
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Aluminum Extrusions Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2029

Expanding at a CAGR of 4.4%, the global aluminum extrusions market is projected to increase from a valuation of US$ 121.1 Bn in 2022 to US$ 163.3 Bn by 2029.

Over 2022-2029, the global aluminum extrusions market revenue is anticipated to grow at a CAGR of 4.4%, according to the report of Future Market Insights (FMI). Curtain walls and door & window profiles will remain the highest selling product category, whereas building & construction industry is likely to remain top consumer industry in aluminum extrusions market.

The performance of the aluminum extrusions market in a region is observed to be closely associated with the GDP per capita of the geography. The increasing economy of a country leads to the development of a nation, urbanization, and results into the rise in demand for infrastructure along with demand for vehicles. As building & construction and automotive industries are two of the prominent end-user industries for aluminum extrusions, the GDP of a geography has a strong impact on the aluminum extrusions market.

Although considerably high consumption of aluminum extrusions prevails in the automotive industry, specifically within developed regional markets, it will be more prominent in the building and construction industry, according to FMI’s analysis.

China’s Primacy in Aluminum Extrusions Market to Persist through the Next Decade

China, the leading market for aluminum extrusions, registers over 60% of the total market value share. Furthermore, China accounts for more than a quarter of the world’s manufacturing output and the manufacturing sector in the country is rising at a significant pace.

China currently accounts for nearly 30% of the global motor vehicle production in 2021. The automotive industry that has been a prominent end-use vertical of aluminum extrusions will continue to thrive at a high pace – propelling demand for aluminum extrusions further, in coming years.

Despite the huge production capacity of aluminum extrusions installed in the country, China is the largest importer in the world to suffice its ever-increasing domestic demand. Strong manufacturing capabilities of China and the further increasing GDP of the country have propelled the aluminum extrusions market within the country in recent past.

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Key Segments of Aluminum Extrusions Industry Survey

Aluminum Extrusions Market by Product:

  • Automotive Chassis
  • Profile for Poles
  • Profile for Bridges
  • Profile for Rail Tracks
  • Door & Window Profiles
  • Curtain Walls
  • Profile for Heat Exchangers
  • Machinery Components
  • Others

Aluminum Extrusions Market by End User:

  • Aerospace
  • Building & Construction
  • Railways & Seaways
  • Energy
  • Defense
  • Others

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Excellent Growth Outlook Foreseen for APEC, Europe & North America

Asia Pacific (excluding China) is also anticipated to create a significant incremental revenue opportunity in the aluminum extrusions market through the next decade, on the backdrop of the rapidly expanding manufacturing industry, particularly in India and ASEAN countries.

Japan is estimated to account for around 1/3rd of APEC’s market value share estimated for 2022. However, Japan will witness sluggish growth due to the stagnant economy of the country. India, one of the prominent producers of motor vehicles globally, will register significantly increasing demand for aluminum extrusions. However, the country’s motor vehicle production will be around five times less than that in Europe or the Americas.

Europe, led by Germany, is anticipated to witness excellent growth in the aluminum extrusions market size, by around 26% over the next 10 years. While Germany will account for more than a quarter of the Europe’s total consumption of aluminum extrusions forecast for 2019, Poland will reportedly mark the highest growth rate. The report has attributed Poland’s market growth to the spectacular growth of the country’s manufacturing industry.

Key Companies: Global Aluminum Extrusions Market

Key manufacturers operating in the global aluminum extrusions market include Hindalco Industries, Jindal Aluminium Limited, China Zhongwang Holdings Limited, Constellium N.V., Hydro Extrusions, Arconic Inc., Gulf Extrusions Co. (LLC), TALCO Aluminum Company, Zahit Aluminum, Bahrain Aluminium Extrusion Co. (Balexco), Qatar Aluminium Extrusion Company, Bonnell Aluminum, SKM Co., Ltd., Keymark Corporation, Kaiser Aluminum Corp., Norinco International Cooperation Ltd., Hulamin Ltd., Sankyo Material Company, Hammerer Aluminium Industries GmbH, and WISPECO Aluminium.

In this report, Future Market Insights has presented the strategies of the key players tracked by an analysis of the current developments related to the aluminum extrusions product segments by these manufacturers. To provide a comparative analysis of the profiled manufacturers of the aluminum extrusions products, a competitive landscape is provided in the report.

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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:
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Adhesive Films Market Latest Research, Industry Analysis, Driver, Trends, Business Overview, Key Value, Demand And Forecast 2022-2030

The global adhesive films market is expected to witness a steady CAGR of 5.5% during 2020-2030, according to a new report by ESOMAR-certified market research firm Future Market Insights (FMI).

FMI has revised the projection of the adhesive films market, considering the COVID-19 induced sluggishness in automotive industry. Although a recovery is expected in 2021, the rebuilding process will impact demand for adhesive in general, and adhesive films in particular.

According to FMI, the growth of the adhesive films market will be heavily reliant on the post-pandemic recovery in automotive sector. Demand is likely to remain subdued in the next couple of years, however, FMI opines pre-pandemic level growth rates to be witnessed again in the latter part of this decade.

In addition to the automotive industry, waning demand from construction industry has led to market correction. Infrastructure projects around the globe have been stalled, and new home purchases are at unprecedented lows. However, the long-term outlook on the construction industry remains positive, and adhesive film manufacturers will be hoping for a quick recovery.

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Key Takeaways from Global Adhesive Films Market Study

  • Demand for labels across industries to determine success of adhesive films between 2020 and 2030
  • Automotive sector to emerge as the leading end user globally
  • Pace of construction industry recovery to determine adhesive films market growth
  • Asia Pacific to emerge as the leading regional market with emerging economies thriving with manufacturing activities

The demand for adhesive films from the food packaging industry will continue to soar in the coming days as global economy witnesses a shift in consumption patterns.

The longer shelf life of packaged and frozen food become its unique selling point during the lockdowns. Growing sales have resulted in high demand for packaging solutions, which in turn fuelled the demand for adhesive films.

Analysts anticipate as the COVID-19 pandemic continues to wreak havoc it will push people to opt for packaged food, which is an essential and a means of staying indoors. Thus, food packaging industry is expected to give this market a definitive boost in the near future.

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“The adhesive films market was growing at a brisk pace, however, the COVID-19 has stalled growth. The lack of momentum has been compensated, to an extent, by growing demand from food packaging industry” says FMI analyst.

Key Segment

By Material

  • BOPP
  • PVC
  • PE
  • PA
  • Others

By Adhesive Type

  • Acrylic
  • Rubber
  • Silicone

By Application

  • Labels
  • Tapes
  • Graphic Films

By End Use

  • Electrical and Electronics
  • Building and Construction
  • Aerospace
  • Automotive
  • Packaging
  • Transportation

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Impact of COVID-19 on Adhesive Films Market

The impact of COVID-19 can be felt on the global adhesive films market. As automobile companies witnessed waning sales in the first and second quarter of 2020, it resulted in a massive drop of revenue for the adhesive films market.

Similarly, the market suffered as air travel faced bans and halts, reducing the need for repairs and maintenance altogether. Furthermore, no new contracts and no end in sight to allow travel fully have continued to impact the usage of adhesive films in the aerospace industry.

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 8-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/adhesive-films-market
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Pallet Wraps Market In-Depth Analysis, Demand, Size, Growth Strategies and Comprehensive Forecast to 2029

The global pallet wraps market stands at a net worth of US$ 5.9 Bn in 2022, and is projected to rise at a CAGR of 3.8% to end up with an estimated valuation of US$ 7.8 Bn by 2029.

Future Market Insights, in its latest research study, delineates growth of pallet wraps market from 2022 to 2029 and outlines overarching trends upholding growth. According to the report findings, pallet wraps sales reached approximately 3,123.1 ‘000 Tons in 2021, and are likely to grow by 3.2% YOY in 2022.

As effective packaging continues to influence the productivity quotient of end use industries, the demand for pallet wraps is estimated to see a promising outlook through 2029. While pallet wraps play a vital role in the spectrum of warehouse storage and transportation, the FMI study expects a window of opportunities facing the market participants active in the global market landscape.

The expansion of logistics sector has driven the adoption of palletization as an ideal process to ensure in-transit product security and stability. With palletization becoming the new norm in industrial packaging, manufacturers continue to focus on showcasing a vast portfolio featuring pallet wraps of varying blends and formulations best-suited to end user requirements.

According to the research study, sales of pallet wraps will continue to gain tailwinds from the evolving consumer demand for sturdy and durable packaging forms. The global packaging industry has witnessed a wave of new consumer demands come to the fore, this dynamicity of consumer choices has resulted in constant improvements in the existing packaging models and innovations in the new ones.

The report opines that end user sentiments will continue to incline towards pallet wraps of 15-30 mm thickness, followed by < 15 mm. Price stands firm as the key factor dictating consumer decisions, which is a key reason why end users would continue to prefer low thickness variants available in reasonable prices. With end use industries embracing the automation trend, sales of machine rolls will continue to outdo the sales of hand wrap rolls during the forecast period.

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Polyethylene will continue to be a force to reckon with in the material space, with global sales estimated to reach approximately US$ 2.6 Bn in 2022. The primary advantages upholding polyethylene’s position as the ‘material of choice’ are its usability quotient, versatility, easy processability, cost-efficiency, and recyclability. As per the report estimates, polyamide will continue to closely trail polyethylene through 2029, on account of its beneficial properties such as strength and stiffness, puncture resistance, and fracture strain.

According to the research study, food and beverages will continue to be at the forefront of demand for pallet wraps in 2022 and beyond. Effective packaging remains a critical variable in ensuring safe transportation of food and beverage products during bulk transport, and pallet wrap grades continue to befit these requirements.

Key Segments of Pallet Wraps Industry Survey

Pallet Wraps Market by Thickness:

  • <15 mm Pallet Wraps
  • 15-30 mm Pallet Wraps
  • 31-45 mm Pallet Wraps
  • >45 mm Pallet Wraps

Pallet Wraps Market by Product:

  • Hand Wrap Rolls
  • Machine Rolls

Pallet Wraps Market by Film:

  • Blown Film Pallet Wraps
  • Cast Film Pallet Wraps

Pallet Wraps Market by Material:

  • Polyethylene Pallet Wraps
    • LLDPE
    • LDPE
    • HDPE
  • Polyethylene Pallet Wraps
  • Polypropylene Pallet Wraps
  • Polyethylene Terephthalate Pallet Wraps
  • Polyamide Pallet Wraps
  • PVdC Pallet Wraps

Pallet Wraps Market by End Use:

  • Pallet Wraps for Food & Beverages
  • Pallet Wraps for Pharmaceuticals
  • Pallet Wraps for Chemicals & Fertilizers
  • Pallet Wraps for Personal Care & Cosmetics
  • Pallet Wraps for Consumer Goods
  • Pallet Wraps for Automotive
  • Pallet Wraps for Electrical & Electronics

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Manufacturers Accelerate their Sustainability Drive by Committing to ‘Eco-Friendly’ Products

Leading players in the pallet wraps market are focusing on establishment of new production facilities and distribution units across lucrative economies of South Asia, with an objective to increase their sales revenues and tapping into new customer bases. According to the report, manufacturers are rethinking their production processes to align with the sustainability trend, reduce production costs, and enhance the brand value. Use of bio-based plastics continues to be in the spotlight as a prominent manufacturing trend, which will help the market players to revitalize their products’ marketability via ‘eco-friendly’ claims.

Mergers and acquisitions have a place of their own in the manufacturers’ growth strategies, states the FMI analysis. Through strategic mergers and acquisitions, manufacturers get an opportunity to leverage the combined know-how in product development and manufacturing processes, along with wider accessibility to a large number of resources.

This study analyzes growth trail of pallet wraps market during 2022-2029, and forecasts a volume CAGR of 3.5% for the market revenues.

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 7-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/pallet-wraps-market
For Sales Enquiries: sales@futuremarketinsights.com
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Bagasse Disposable Cutlery Market Sales Projection, Opportunity Assessment, Size, Growth Analysis Report, Forecast to 2031

The global bagasse disposable cutlery market is expected to increase at a growth rate of ~5.2%, during the forecast period.

Demand for the bagasse disposable cutlery will witness steady recovery in the short term, with an optimistic growth outlook in the long run after the pandemic. The market growth is set to gain substantial sales in the forecast period, owing to astonishing features of bagasse disposable cutlery such as biodegradable and availability of different designs.

Bagasse Disposable Cutlery Market: An Overview

Bagasse Disposable cutlery is a recycled, biodegradable, eco-friendly products that is manufactured using bagasse material. Bagasse is the fibrous material which remains after the juices are removed from the sugarcane stalk. Bagasse disposable cutlery includes a spoon, fork and knife. Reusable spoons, knives, forks are the most common variants available in the market. In comparison to plastic-based product, Bagasse disposable cutlery cause nominal pollution and produce slight waste.

Increasing awareness of consumers concerning the harmful impact of non-recyclable cutlery usage is one of the key aspects which drives the growth of the bagasse disposable cutlery market. To capitalize on the growing demand for bagasse disposable cutlery, manufacturers in the cutlery market are expanding their manufacturing facilities, while obtaining local colleagues to gain a competitive edge.

Overall, the global outlook for bagasse disposable cutlery market is projected to continue enlightened during the forecast period.

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What Drives the Growth of the Bagasse Disposable Cutlery Market?

In recent times, the bagasse disposable cutlery market has observed a shift in demand for recyclable disposable cutlery composed of bagasse. Due to constant regulations, numerous food & beverage chains have started serving food in eco-friendly, disposable cutlery which is creating opportunities for bagasse cutlery manufacturers to tap.

To promote green practices some manufacturers have substituted plastic cutlery with bagasse cutlery which leads to the growth of the bagasse disposable cutlery market.

How the Growth of Home Delivery and Online Food Services will Create an Opportunity for the Growth of the Bagasse Disposable Cutlery Market?

In an emerging market, due to increasing income, shifting routines, and fast urbanisation there is an expansion in consumer preference for takeaways or ready-to-eat food. The corporate work culture contributing to out-of-home eating habits is strengthening the market for bagasse disposable cutlery for food service.

When peoples have busy work schedules it leads to demand for easy-to-use or bagasse disposable cutlery, which does not require to be cleaned which leads to an important growth factor in the bagasse disposable cutlery market.

What are the Key Trends Adopted in the Bagasse Disposable Cutlery Market?

As a new social trend, bagasse disposable cutlery is considered as a feasible alternative that provides the suitability of disposable cutlery at parties and on other occasions, along with an additional advantage of nominal harmful effect on the environment.

Furthermore, there is an increase in hygiene standards, which has increased the global bagasse disposable cutlery consumption and is expected to gain new heights during the forecast period.

What are the Key Challenges that Might Restrain Growth of the Bagasse Disposable Cutlery Market?

Nowadays, cutlery market is gaining more traction among consumers due to the increasing consumption of cutlery in restaurants, hotels and other fast restaurants. The availability of different materials in cutlery such as glass, paper, plastic and others is expected to hinder the growth of bagasse disposable cutlery market.

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Competitive Landscape

Global Products:

  • Meshline Manufacturing Inc.
  • Natur-Ware®
  • HEFEI CRAFT TABLEWARE CO., LTD.
  • Biotremmenu
  • Eco-Products
  • Dart Container Corporation
  • Natural Tableware
  • Genpak
  • Hefty
  • Vegware and others.

Asian Players:

  • Anhui Lenkin Packaging Co.,Ltd
  • HISTAR
  • Saattvic EcoCare Products
  • Bhatia Sons
  • Shanghai Zhuangjia Industry Co. Ltd.
  • Anhui Nature Imp. & Exp. Co. Ltd
  • Hefei Craft Tableware Co. Ltd.
  • Ningbo Trendz Green Packaging Co. Ltd
  •  Longyan Shenghe Trading Co. Ltd.
  • Guangxi U-Yee Environmental Technology Co Ltd
  • Hangzhou Let’s Party Co. Ltd. and others.

What Strategies are the Key Players Adopting for Increasing their Market Share in the Bagasse Disposable Cutlery Market?

The key players adopt various strategies such as product launch, merger & acquisition, innovation and others to survive the competition in the market. Key players are launching new and innovative bagasse disposable cutlery in the market to lure a major portion of the end-users and manufacturers.

  • In September 2019, Herald Plastic launched the new bagasse range that includes square, round and rectangle plates and cutler in different sizes, bowls and hot boxes.

Why will Germany Generate High Demand for the Bagasse Disposable Cutlery Market?

Germany is expected to witness growth in the forecast period with rapid and continuous growth in the bagasse disposable cutlery market with the rising demand for the food & beverage industry. Also, continuous developments and upgrades in the technology in the food & beverage industry are expected to gain huge demand for the bagasse disposable cutlery market.

Due to the involvement of foreign and small players, restaurants that are operating in the country is highly fragmented in the bagasse disposable cutlery market. Overall growth in the bagasse disposable cutlery market in Germany is increasing opportunities as well as demand.

How Has Covid-19 Impacted the Growth of the Bagasse Disposable Cutlery Market?

Due to this pandemic, industry such as food & beverage has experienced growth in the bagasse disposable cutlery market. In the later part of the pandemic situation, removal of restrictions pulled by the government is proven to give relaxation to the e-commerce business thereby uplifting the growth of the bagasse disposable cutlery market is increased accordingly.

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Key Segments of Bagasse Disposable Cutlery Market Covered in the Report

Based on Product:

  • Spoon
  • Fork
  • Knife

Based on End-user:

  • Commercial Use
    • Hotels & Cafes
    • Full Service Restaurants
    • Quick Service Restaurants
    • Venues & Catering
    • Mobile Food Vendors
    • Bakery & Patisserie
  • Institutional Use
    • Schools & Colleges
    • Offices
    • Hospitals
    • Airport & Railways
  • Household Use

Based on Sales Channel:

  • Departmental & Discount Stores
  • Hypermarket/Supermarket
  • Specialty Stores
  • Online Sales

Based on Region:

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

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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/bagasse-disposable-cutlery-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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