Market Research Blog

Packaging of the pharmaceutical products is of key importance among drug manufacturers. According to a study on the pharmaceutical packaging market by Future Market Insights (FMI), manufacturers are giving priority to clean room packaging solutions in order to control the impact of the pandemic and other ailments.

Pharmaceutical packaging solutions include primary packaging options including bottles, vials, ampoules, blister packs, in addition to secondary packaging such as boxes, cartons, and more. Of these, the demand for bottles as a suitable type of pharmaceutical packaging is considerably high.

Get Sample of the Report : https://www.futuremarketinsights.com/reports/sample/rep-gb-6150

Sales of the pharmaceutical packaging solutions have risen exponentially in the past few years. This can be attributed to the increasing demand for child-resistant packaging formats to avoid accidental consumption. Cost-effectiveness, ease of use, and durability are key factors fuelling the demand for various packaging solutions. The pharmaceutical packaging market is anticipated to witness soaring demand as manufacturers introduce innovative easy-to-use-and-dispose features.

Over the past few years, pharmaceutical packaging is gaining ground due to improvements in terms of safety and security. Also, the rising incidence of diseases coupled with sustainability concerns is positively influencing the growth of pharmaceutical packaging operations.

Key Takeaways from Pharmaceutical Packaging Market Study

• By product type, bottles are estimated to lead the market with over 30% of the value share, by the end of 2031 supported by leak-proof packaging solutions
• Plastic is projected to be the most lucrative material in the industry creating an incremental opportunity of US$ 58.41 Bn by 2031
• The U.S. holds dominance in the North America market with the presence of some of the leading pharmaceutical manufacturers
• China will showcase a solid growth driven by the expansion of local pharmaceutical sector
• Germany is projected to be dominant in Europe and is expected to continue leading as a pharma packaging manufacturing hub

“Regulations implemented to ascertain safety of drugs & medications will create lucrative opportunities. Pharmaceutical packaging is sought-after due to its temperature & moisture resistance, durability, and ease of use. With the expansion of the pharmaceutical sector, manufacturers are likely to focus on the launch of novel technologies,” says an FMI analyst.

Rise in Per Capita Healthcare Expenditure Augments Sales for Pharmaceutical Packaging

Considering the current scenario and rising awareness about the healthcare sector, investments in the drug and biopharmaceutical sectors are rising. Healthcare investments have had a positive and direct correlation with the pharmaceutical industry.

A major part of investments is attracted from the pharmaceutical industries for the growth of the country’s economy. The per capita expenditure on healthcare is increasing steadily due to the concerned behaviour of customers about shelf life.

As per a World Bank report, in 2018, Japan spent around 10.95% of its GDP on healthcare whereas Germany spent 11.43% of its GDP for the same. As a result, the market for pharmaceutical packaging has benefited as investments in the healthcare sector will favour growth of the pharmaceutical packaging industry.

Impact of COVID-19 on Pharmaceutical Packaging Market

The COVID-19 pandemic had a positive impact on the growth and demand for pharmaceutical packaging, supported by several factors such as an increase in the cases on-going disease, the urgent need for pharmaceutical products, and drastic demand for life-saving drugs & medicines.

Every regional market was impacted due to the COVID-19 pandemic, which ultimately created a requirement for drugs for treatments which in turn increased the demand for pharmaceutical packaging majorly in North America, Europe, and South & East Asia.

Later, at the beginning of 2021, the demand for pharmaceutical packaging rose strongly due to a rising number of COVID-19 positive cases in addition to the prevalence of other non-contagious diseases. Considering this, the demand for vaccine, injections, medicines, and other drugs has increased, fuelling sales opportunities for pharmaceutical packaging solutions.

Ask For Regional Data : https://www.futuremarketinsights.com/ask-regional/rep-gb-6150

Who is Winning?

Westrock Company., Becton, Dickinson and Company, Amcor plc, Berry Global Group, Inc., Mondi group, and Ardagh Group S.A. are some of the leading players operating in the pharmaceutical packaging market.

As per FMI analysis, the Tier 3 players in the market are estimated to hold 70–80% in the global pharmaceutical packaging market. In conclusion, key players contribute almost 20–30% of the global market. Market leaders are largely focused on product development and merger & acquisition strategies.

The research report also discusses the various opportunities for manufacturers of disposable plates, trends influencing the global market, drivers fuelling the growth of the global disposable plates market and restraints that have a negative impact on the global market for disposable plates. Along with market analysis from 2012–2016 and current market scenario (in 2017), the report also reflects key forecast highlights along with insight-based recommendations for the next 10 years (2017–2027).

Future Market Insights presents a value and volume analysis along with strategic insights on the adoption of disposable plates in various regions across the globe. The report titled “Disposable Plates Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027)” covers a holistic angle of the global marketplace for disposable plates with the help of a detailed market segmentation.

Get Sample of the Report : https://www.futuremarketinsights.com/reports/sample/rep-gb-5842

Global Disposable Plates Market: Competitive Scenario

The global disposable plates market research report profiles several key players dealing with the manufacturing of disposable plates. Key companies such as Georgia-Pacific LLC, Huhtamaki Oyj, Pactiv Llc, Dart Container Corporation, D&W Fine Pack Llc, Hotpack Group, Jinhua Lansin Commodity Co., Ltd., Seow Khim Polythelene Co Pte Ltd., HOSTI GmbH, NUPIK — FLO U.K. Ltd., Poppies Europe Ltd., Fast Plast A/S, Dopla Spa, Ckf Inc., Duni AB, Be Green Packaging Llc, Polar Plastic Ltd., Genpak Llc and Vegware Ltd., are profiled in this research report.

Global Disposable Plates Market: Forecast Highlights

According to the analytical and extensive research study on disposable plates, the global market is expected to witness robust growth in the years to follow. The global disposable plates market is projected to register a high value CAGR of 5.9% throughout the period of forecast and is estimated to reach a valuation of more than US$ 6 Bn by the end of the year of assessment from a value of around US$ 3.5 Bn in 2017.

Global Disposable Plates Market: Segmental Snapshot

The global disposable plates market is segmented on the basis of product type, design, sales channel and region.

• By product type, the plastic plates segment is expected to lead the global market with a high market valuation and market share. The other segment in this category is projected to grow at a high value CAGR throughout the period of forecast.
• By design, the plain segment is the largest with a market value of more than US$ 2 Bn in 2017. However, the compartment segment is gaining high traction and is projected to grow at a higher rate than the plain segment in the coming years and is estimated to reach a significant valuation by the end of the year of assessment.
• By sales channel, the B2B segment is the largest and is expected to dominate the global market. By the end of the year of assessment it is expected to reach a value higher than US$ 4,900 Mn and is projected to grow at a high CAGR during the forecast period.
• By region, North America is anticipated to show high market attractiveness. The disposable plates market in this region is expected to reach a valuation of around US$ 1,800 Mn by the end of the year of assessment. The disposable plates market in Asia Pacific excluding Japan is expected to grow at a high CAGR during the forecast period.

Ask For Regional Data : https://www.futuremarketinsights.com/ask-regional/rep-gb-5842

Global Disposable Plates Market: Dynamics Influencing Growth

There are several factors impacting revenue growth of the market. Growth driving aspects include growth of home delivery and online food service platforms, increasing demand for laminated paper plates, convenience and cost effectiveness of disposable plates, rising preference for ease in usage and hygiene, effective performance with respect to carrying a wide range of cold and hot food items, and substantial institutional sales through high demand from food service outlets.

Factors such as low production capacities of plastic disposable plate manufacturers in several regions, health concerns and increasing awareness among consumers regarding environment health, strict regulations owing to rising impact on environment, and shrinking profit margins owing to high competition are hampering the growth of the global disposable plates market.

Worldwide sales of wine barrel are projected to reach the value of ~US$ 4 Bn by the end of 2019. In terms of demand, wineries and spirit producers are prominent users in the global wine barrel market. In developing markets, newly entered brands are assisting consumers in finding unknown wine and beverage alcohol products as well as locally generated flavors to create a remarkable growth of the wine barrel market.

Get Sample of the Report : https://www.futuremarketinsights.com/reports/sample/rep-gb-2206

The global wine barrel market will register a healthy CAGR during the forecast period, 2019–2029. The demand for wine barrel continues to rise on broader accessibility, owing to rising consumption of wine and related products due to health benefits as these help enhance mental health and heart condition and protect against formation of cancer cells in human body.

Key Takeaways — Wine Barrel Market Study

• Since the last decade, the wine barrel market has become fruitful in Europe, especially in France, Germany, and Italy, due to strong sales of spirit and wine barrel in the U.S. market.
• The USA is still prominent in the wine market, with the latest figures showing the country with substantial wine consumption of ~33 million hectoliters.
• Highly expensive French oak wine barrels and stainless steel wine barrel are alternatives that limit market growth for wine barrels.
• The stable demand for oak wood wine barrel is projected to suffer from an increase in stringent regulations against cutting of trees and frequent forest fires.
• In spite of the high cost of French oak wine barrel, the demand for the same is expected to increase at a CAGR of ~5% during the forecast period.
• As compared to developing economies, the sales of the wine barrel are anticipated to be higher in countries of North America and Western Europe.

With superior alternatives cropping up in the market, manufacturers must focus on rebranding their products and position themselves ahead of competitors to capture a significant market share.

Ask For Regional Data : https://www.futuremarketinsights.com/ask-regional/rep-gb-2206

Emergence of Stainless Steel Barrels and Tanks as Alternative

Over the last few years, stainless steel wine barrels are precisely design and develop by manufacturers to meet the need of winemakers in all stages of development, fermentation, maturation, and storage of wine. The actual duration in the usage of oak wine barrel by winemakers is three to five years. Once the functional properties of the barrel reduces, winemakers have to dispose used barrels. However, stainless steel barrels are portable, durable, reusable, easy to clean, and maintain.

From the profitability point of view, winemaking is getting costlier day by day. Therefore, wineries are aging their wine in stainless steel barrels and tanks progressively. When the less oaky wines are needed, winemakers use oak wine barrel alternatives in the form of chips, powder, and blocks. Stainless steel is considered as sustainable alternatives to wine barrel as it is one of the world’s most widely recycled material.

Sustained consumption of petroleum and lubrication products by manufacturing and industrial sectors continues to drive demand for jerry cans at a global level.

Despite emergence of intermediate bulk containers (IBCs) as a cost-competitive and space-conserving alternative, the demand for jerry cans remains healthy owing to high adoption by food & beverages and chemical industries. The global jerry cans market is set to exhibit a steadfast CAGR of 5% during 2022–2031.

Get Sample of the Report : https://www.futuremarketinsights.com/reports/sample/rep-gb-5801

Manufacturers are focusing on new innovative packaging to increase sales, which include refilling of gas in jerry cans. With advancements in shipping and logistics industries, manufacturers are providing gas knobs in jerry cans as a part of new innovative designs.

Furthermore, intercontinental trade of petroleum, oil, and lubricants is expected to remain positive in the next five years, thereby driving sales of jerry cans.

Key Takeaways — Jerry Cans Market Study

• The food & beverages industry will remain the key end user of jerry cans, attributing to ascending demand for vegetable oil, juices, and milk.
• Manufacturers are developing products to meet end users’ specific requirements such as their demand for premium grade jerry cans to sustain fuels at the desired temperature. These developments, on the backdrop of value creation such as cost efficiency, increased storage capacity, and sustainability of plastic jerry cans, allow customers to gauge substantial long-term benefits.
• Plastic jerry cans account for over 85% of overall sales and would remain prominent in the global jerry cans market in next ten years. Metal jerry cans on the other side, will witness gradual demand.
• Jerry can manufacturers are leveraging their in-house research, testing, and development capabilities to innovate products in the industrial chemical sector.

The industrial sector is expected to exhibit increasing usage of larger and higher-value containers such as customized jerry cans. Furthermore, the demand for jerry cans is anticipated to significantly heighten in years to come, as manufacturers as well as suppliers in the food & beverage products have been consistently focusing on raising their production bars.

Manufacturers Eying Opportunities in Europe and South Asia

Over the past several years, the food & beverages industry has witnessed astonishing growth in regions such as European and South Asian countries. Leading jerry can manufacturers are targeting these regions to capture a prominent market share.

Countries such as India, France, and Germany are leading milk producers, which create enormous opportunities for jerry cans manufacturers to strengthen their business footprints in these regions.

Rising industrial manufacturing outputs also support the growth of jerry cans market. In 2021, the Grief Inc. announced the expansion of its CorrChoice sheet feeder network with the addition of new jerry cans facility.

Ask For Regional Data : https://www.futuremarketinsights.com/ask-regional/rep-gb-5801

More Valuable Insights on Jerry Cans Market

Future Market Insights, in its new offering, offers an unbiased analysis of the global jerry cans market, analysing historical demand from 2016–2021 and forecast statistics for 2022–2031.

The study unravels growth projections on the jerry cans market on the basis of material (plastic and metal), capacity (below 10 litres, 10–25 litres, and above 25 litres), and end use (food & beverages, agrochemicals, industrial chemicals, petroleum & lubricants, and others), across the seven major regions.

The food & beverages segment is further sub-segmented into vegetable oil, juices & milk, and others. The agrochemicals segment is further sub-segmented into fertilizers and pesticides. The industrial chemical segment is further sub-segmented into hazardous and non-hazardous, petroleum & lubricants, and others.

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

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

Get Sample of the Report : https://www.futuremarketinsights.com/reports/sample/rep-gb-2900

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

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

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

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

Key Takeaways from Molded Fiber Pulp Packaging Market

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

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

Stringent Regulations Will Support Molded Fiber Pulp Packaging Sales

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

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

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

Ask For Regional Data : https://www.futuremarketinsights.com/ask-regional/rep-gb-2900

Who is Winning?

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

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

The demand witnessed in the global precision stainless steel market is increasing at a rapid pace. With its use across various sectors including industrial, civil, mechanical, and others increasing, Future Market Insights (FMI) has forecast the precision stainless steel market is to reach US$ 3.2 Bn dollars by 2029.

Precision stainless steel comes in many varieties and this feature combined with its easy workability makes it popular among industries. Players are on the lookout for every type of precision stainless steel to design and manufacture their industrial goods.

As there is a constant rise in the manufacturing of industrial goods, the growth prospect of the precision steel market seems promising. FMI’s study offers a comprehensive overview of the market. It studies the key growth drivers as well as gauges investment feasibility across various segments. Some of the key takeaways from the report are highlighted below.

Get Sample of the Report : https://www.futuremarketinsights.com/reports/sample/rep-gb-9833

Key takeaways from the precision stainless steel market:

• The under 0.1mm category is expected to take up approximately 25% of the global precision stainless steel market. It is also expected to reach 800 million dollars by 2029
• With precision stainless steel being used for the manufacturing of seamless pipes and tubes, the automotive segment is said to have a strong foothold with a CAGR of 3.8%
• Precision stainless steel also has its use in the electronics and transportation industry. This guarantees a 2/5^thshare value in the global market between 2020-2029
• East Asia is expected to overtake other regions and create an opportunity to reach 388.7 million dollars by 2029
• By 2029, South Asia is expected to expand by 1.4 times of current market value

“Some of the leading manufacturers operating in the global precision stainless steel market are aiming to capitalize on opportunities prevalent across high potential markets in East Asia. Expansion of automotive sector and construction activities in China, Japan, and South Korea are causing shift of focus among companies from developed to high potential markets,” said FMI analyst.

Demand Likely to Reduce during COVID-19

The global precision stainless steel market has witnessed a reduction in demand for precision stainless steel owing to the pandemic. Covid-19 has caused a disruption in the supply chain of industries across the globe.

Lockdown orders enforced in regions such as Europe, Asia, and North America have hampered production activities in across plants. This heavily impacted the global precision stainless steel market.

Ask For Regional Data : https://www.futuremarketinsights.com/ask-regional/rep-gb-9833

Who is winning?

Top players of precision stainless steel contribute approximately 40-45% to the global market value. Some of the leading key players are Acerinox, Baoshan Iron & Steel Co., AK Steel Corporation, Outokumpu Oyj, Jindal Stainless Group, and Aperam.

These players are trying to cope up with the after-effects of the pandemic and implement new strategies to get back to their production processes.

Plastic cutlery is disposable and one-time use product. They are most commonly used by restaurants performing home delivery, airlines and in events, camping and catering services & fast-food restaurants, etc. Plastic cutlery is cheap, convenient, and durable to hold any food. Large scale availability of raw material for plastic cutlery enhances its production. The popularity of plastic cutlery was due to its cost-effectiveness in comparison to other cutlery like wood cutlery and glass cutlery. They are flexible and recyclable, which reduces the major impact of plastic on the environment. Plastic cutlery can be in the form of fork, spoons, knives which are lightweight and can be easily carried. No clean-up is involved while using plastic cutlery which lowers the efforts of the consumer.

Get Sample of the report : https://www.futuremarketinsights.com/reports/sample/rep-gb-9940

FMI deploys digital intelligence solutions to offer compelling insights to report buyers that help them in overcoming market challenges, especially at the time of a crisis. Our dedicated team of professionals performs an extensive survey for gathering accurate information associated with the market.

FMI, in its upcoming business report, elaborates the historical and current scenario of the global Plastic Cutlery market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

Changing Business Model of Food & Beverage Service Providers to give fillip

The rising number of multinational quick service restaurants (QSR) worldwide is leading to a surge in demand for foodservice disposables and single-use cutleries. Such food service restaurants do not invest in resources for the cleaning and maintenance of serving containers. This helps chain operators to reduce labour costs and thereby escalating the plastic cutlery market.

Plastic Cutlery Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Plastic Cutlery market. Competitive information detailed in the Plastic Cutlery market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player.

Some of the key manufacturers in the plastic cutlery are mentioned below:

• Solia
• Dart Container Corporation,
• Eco-Products, Inc.
• Fuling Global Inc.
• Biopac India Corporation Ltd.
• DOpla
• TrueChoicePack Corporation
• Lollicup USA Inc.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with plastic cutlery market attractiveness as per segments.

Plastic Cutlery Market: Segmentation