Market Research Blog

“As per a recent market study by Future Market Insights (FMI), sales in the global pallets market are projected to increase at a 5.6% CAGR, reaching US$ 10.4 Bn in 2032.”

Growth is attributable to the increasing consumption of pallets in food & beverages, pharmaceuticals, automotive sector. Consumer inclination towards product safety, bulk load transportation with minimum efforts, and easy inventory tracking is expected to boost the market.The global pallets market is expected to reach a valuation of US$ 6.0 Bn in 2022, expanding at 5.6% CAGR over the forecast period.

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Pallets are one of the most frequently used stacking bases, and they’re usually attached with a stretch wrap, pallet collar, adhesive, or other forms of stabilization. They are widely employed by a significant number of commercial goods makers and shippers around the world because of their characteristics.

Expansion of the e-commerce sector has greatly influenced the demand for pallets. Apart from this, manufacturers are integrating pallets with RFID tags, bar codes, and other connective technologies. This is expected to continue driving sales in the market over the forecast period.

As the e-commerce business grows at a breakneck pace, the pallet market is likely to skyrocket. People’s interest in e-commerce platforms has grown as a result of the COVID-19 pandemic, particularly in underdeveloped nations where e-commerce is less widespread.

The rise of e-commerce has put pressure on supply chains to enhance shipping and logistics to better track the movement and cost of commodities leaving and entering the country. As online orders are typically smaller and more frequent, inventory management requires more assets. As a result, pallets are required for e-commerce-based logistics, thereby driving the growth in the market.

Furthermore, the pallet market is predicted to expand as the focus on sustainable packaging grows. In response to this, companies are resorting to recyclable solutions to reduce the quantity of wood wasted in the pallet manufacturing process.

“Adoption of lightweight and environment-friendly plastic pallets made from HDPE material that can withstand heavy loads and provide resistance from organic & inorganic chemicals is expected to help the market grow in the forthcoming years,” says an FMI analyst.

Global Pallets Market by Category

By Material:

• Plastic Pallets
• Metal Pallets
• Wood Pallets
• Paper Pallets

By Product Type:

• Stackable Pallets
• Nestable Pallets
• Collapsible Pallets

By End Use:

• Food & Beverage
• Pharmaceuticals
• Cosmetics & Personal Care
• Consumer Electronics
• Engineering Products
• Chemicals
• Textile and Handcraft
• Agriculture and Allied Industry
• Building & Construction
• Automotive

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Key Takeaways:

• By material type, sales of plastic pallets are projected to increase at a 6.5% CAGR over the forecast period.
• Based on product type, the nesting pallets segment will account for 43% of the total market share through 2032.
• In terms of end use, applications in the food & beverage sector will remain high.
• The U.S. pallet packaging market will gain traction at a 3.8% CAGR over the forecast period.
• Sales in the India pallet market are forecast to grow at a 5.8% CAGR over the assessment period.

Competition Landscape

DS Smith Plc, Smurfit Kappa Group, Conitex Sonoco, Oji Holdings Corporation, Multi-wall Packaging, KraftPal Technologies Ltd., Europal Packaging, Tat Seng Packaging Group Ltd., Dopack, Interpak Industries Pte. Ltd., Pheng Hoon Honeycomb Paper Products Pte. Ltd., Mabuchi Singapore Pte Ltd., The Alternative Pallet Company Ltd., Kimmo (Pty) Ltd., Tri-Wall Holdings Limited, GreenLabel Packaging, Palletkraft Europe Ltd., Packprofil Sp. z.o.o., The Corrugated Pallet Company, Elsons International are some pallets players profiled by FMI.

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Leading players operating in the global pallets market are investing in research and development to improve the product quality. Apart from that, players are focusing on production facility expansion to gain a competitive edge in the market. For instance:

• In December 2021, Tritz Pallet, a company that also offers pallet recycling and full-service pallet solutions, was bought by Kamps Inc., a pallet recycler and supplier.

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“As per the latest market analysis by Future Market Insights (FMI), the global rubber tapes market is projected to expand at a steady 4.4% CAGR, reaching US$ 1.4 Bn in 2032. Increasing demand for rubber tapes from the electronics and construction sectors is expected to boost sales by 1.6 times between 2022 and 2032.”

Demand for heavy-duty adhesive material is expected to increase as a result of rapid industrialization across the world. Electronics and electrical industries account for the maximum demand for rubber tapes for sealing cables and equipment.

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Rubber tapes are manufactured using durable materials with high strength and waterproofing abilities. They are available in a wide range of adhesion quality as per the requirement of end users. Key players are focusing on the manufacturing of heavy-duty tapes for contractors and industrial job site applications. Heavy rubber tapes are essential for effective sealing and optimizing losses in infrastructure and industrial projects.

Ongoing improvements in rubber tapes are boosting their applications for sealing, repairing and holding activities across various industries. New advanced adhesive technology allows rubber tape to adhere to different materials for a longer duration. Rubber tapes with a combination of various rubbers and polymers can adhere to high abrasion and heavy-duty loads, thereby boosting their applications across the globe.

Further, these tapes are being used in the building & construction industry as an economical, and easy-to-use solution for indoor and outdoor construction activities. The availability of low and high tacking construction tapes makes it an ideal solution for indoor activities such as renovation, window, door and furniture and decorative paintings.

“Growing adoption of rubber insulation tapes in the electrics and electronics industry, along with increasing demand from the automotive industry will continue driving the rubber tapes market over the forecast period,” says the FMI analyst.

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Key Takeaways:

• Based on product type, sales in the ethylene-propylene rubber tapes segment will reach US$ 655.9 Mn in 2032.
• Total sales of rubber tapes having a thickness between 0.7mm and 0.9mm are expected grow at a 4.3% CAGR over the forecast period.
• Demand in the electrical and electronics sector will create an incremental opportunity of US$ 145.1 Mn over the forecast period.
• Applications of rubber tapes in the maintenance and repair segment will account for 39.3% of the total market share in 2022.
• Sales of rubber tapes in the U.S. are expected to offer an incremental opportunity of US$ 75.1 Mn over the forecast period.

Global Rubber Tapes Market By Category

By Product Type :

• Ethylene Polypropylene Rubber (EPR) Rubber Tapes
• Polyisobutylene (PIB) Rubber Tapes
• Butyl Rubber Tapes

By Thickness :

• Up to 0.3 mm
• 0.4 mm to 0.6 mm
• 0.7 mm to 0.9 mm

By Application :

• Repairing & Protecting
• Insulation & Joining
• Waterproofing
• Sealing
• Others

By End-use Industry :

• Automotive
• Building & Construction
• Electrical & Electronics
• Aerospace & Defence
• General Industries
• Others

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Rubber Tapes Market Landscape

Some of the key players dominating the global rubber tapes market are 3M Company, HellermannTyton Company, Scapa Group plc, tesa SE, Intertape Polymer Group Inc., Berry Global Inc., Nitto Denko Corporation, Atlantex Manufacturing Corp, Midsun Specialty Products, Inc., CS Hyde Company, MOCAP, LLC, Parafix Tapes & Conversions Ltd, Cole-Parmer Instrument Company, LLC, Senson Tek, ERGOM Z.A.E. Sp. z o.o, Godson Tapes Private Limited, 3A Associates Incorporated and Omega Rubber Industries.

Leading players operating in the global rubber tapes market are investing in mergers, acquisitions and collaborations to expand their global presence in the market. For instance:

• In June 2021, Intertape Polymer Group announced an agreement to acquire Nuevopak Global Limited.

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“A new report published by Future Market Insights titled “Polyester Straps Market: Global Industry Analysis (2012 – 2021) and Opportunity Assessment (2022 – 2027)” studies the performance of the global polyester straps market over a ten year assessment period from 2022 to 2027.”

The report presents the value and volume forecast of the global polyester straps market and provides key insights into the factors driving market growth as well as the factors restricting market growth. The estimates point to a revenue growth from about US$ 973 Mn in 2022 to nearly US$ 1389 Mn by 2027 end, resulting in a CAGR of 7.4% over the forecast period. In terms of volume, the global Polyester Straps market is pegged at 564.3 ‘000 tonnes in 2022 and is expected to register a CAGR of 6.6% during the forecast period, to reach 1,073.8 ‘000 tonnes by the end of 2027.

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Global Polyester Straps Market: Segmentation and Forecast

The report segments the global polyester straps market on the basis of packing grade, width, break strength, thickness, application and on the basis of end use industry.

• The machine grade segment is estimated to be valued at US$ 290 Mn in the year 2022 and is slated to reach a value of US$ 576.4 Mn in the year 2027, exhibiting a CAGR of 7.1% during the period of assessment.
• The 5-15 mm width type segment is estimated to be valued at US$ 3 Mn in the year 2022 and is poised to reach a value of US$ 442.2 Mn in the year 2027, displaying a CAGR of 6.9% during the forecast period.
• The 300-500 kg break strength type segment is estimated to be valued at US$ 175.6 Mn in the year 2022 and is slated to reach a value of US$ 365.1 Mn in the year 2027, exhibiting a CAGR of 7.6% during the assessment period.
• The less than 0.50 mm thickness type segment is estimated to be valued at US$ 97.8 Mn in the year 2022 and is poised to reach a value of US$ 186.6 Mn in the year 2027, displaying a CAGR of 6.7% during the forecast period.
• The heavy duty bailing and others application type segment is estimated to be valued at US$ 73.4 Mn in the year 2022 and is slated to reach a value of US$ 140.8 Mn in the year 2027, exhibiting a CAGR of 6.7% during the period of assessment.
• The paper and allied products end use industry segment is estimated to be valued at US$ 98 Mn in the year 2022 and is poised to reach a value of US$ 179.3 Mn in the year 2027, exhibiting a CAGR of 6.2% during the forecast period.

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Global Polyester Straps Market By Category

By Thickness:

• Below 0.5mm
• 0.5mm-0.75mm
• 0.76mm-1mm
• Above 1mm

By Packing Grade:

• Hand Grade Polyester Straps
• Machine Grade Polyester Straps

By Width:

• 5mm-15mm
• 16mm-25mm
• 26mm-35mm
• Above 35mm

By Breaking Strength:

• Up to 220kg
• 221kg to 300kg
• 301kg to 500kg
• 501kg to 1,000kg
• Above 1,000kg

By End Use Industry:

• Food & Beverage
• Pharmaceuticals
• Electronics & Electricals
• Automotive
• Construction & Allied Industries
• Paper & Allied Industries
• Textiles & Apparels
• Chemicals & Fertilizers
• Others

By Application:

• Heavy Duty Bailing
• Bundling
• Palletizing

Global Polyester Straps Market: Regional Forecast

Future Market Insights tracks the performance of the global polyester straps market across the key geographies of North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa. As per the forecast of Future Market Insights, North America polyester straps market is estimated to be valued at US$ 158.3 Mn in the year 2022 and is slated to touch a value of US$ 323.9 Mn in the year 2027, reflecting a CAGR of 7.4% during the assessment period. The Western Europe polyester straps market is estimated to be valued at US$ 119.8 Mn in the year 2022 and is slated to touch a value of US$ 237.8 Mn in the year 2027, exhibiting a CAGR of 7.1% during the assessment period.

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Global Polyester Straps Market: Vendor Insights

The report has included some of the key players operating in the global laundry care market such as Teufelberger Holding Ag, Samuel Strapping Systems, FROMM Packaging Systems Inc., Mosca GmbH, Industrial Yarns Pty Ltd., Linder GmbH, The Plastic Strapping Company Ltd., Northshore Strapping Company, Plastic Extruders Ltd., National Webbing Products and others. Launching of bio-gradable Polyester Straps is a key focus area for key players in this market both at international as well as regional level. Manufacturers are preferring recycled raw materials for manufacturing Polyester Straps.

 

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“Water soluble pods packaging is another offering by the sustainable packaging industry, which is intended to diminish waste disposal around the world. This packaging is beneficial in a lot of ways, which make its products witness a definite market growth. However, a new research report by Future Market Insights predicts an even more positive future for the market. ”

According to this report titled ‘Water Soluble Pods Packaging Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028,’ the global water soluble pods packaging market is expected to witness skyrocketing growth rate in the coming decade.

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This critical analysis reveals that the global water soluble pods packaging market is expected to hold a market value of US$ 135 Mn in 2022, reaching a value of US$ 620 Mn by the end of 2028. The exponential CAGR for the global water soluble pods packaging market is expected to stand at 16.4% during the forecast period 2022-2028.

Water Soluble Pods Packaging Market: Dynamics

The positive aspects related to the usage of water soluble pods packaging is marking the growth of this market. As the name suggests, these pods are water soluble, which makes these environment friendly as well. These pods are used in the packaging of laundry detergents, dish wash, spa cosmetics etc. Usage of eco-friendly packaging of products is necessary due to excessive usage of plastic around the world, which has led to rising concerns about non-decomposable waste accumulation.

Water soluble (PVA) films are soluble in cold and hot water and hence leave no residue. These beneficial features of PVA are encouraging detergent manufacturers to use it as a packaging material. Procter & , a global manufacturer of consumer goods and household products has witnessed sales to the tune of US$ 1.5 billion from their product named “Tide Pods and Ariel Pods” that are laundry detergent pods.

However, there are a few myths and risks associated with the usage of water soluble pods. Some believe that the smell of laundry pods causes irritation and headache. It is also believed that water soluble pods result in clogging. Other than this, some cases have shown that consumption of water soluble pods can be life threatening. The packaging of water soluble pods is such that it makes children consume these thinking it to be a candy – there have been numerous instances of such cases. All these factors may discourage the use of water soluble pods, which may result in restricted growth of the global water soluble pods packaging market.

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Water Soluble Pods Packaging Market by Category

Material Type:

• Poly Vinyl

Product Type:

• Single Layer Water Pods
• Dual Layer Water Pods
• Multi Chamber Water Pods

End Use:

• Detergents
• Hand Wash
• Dish Wash
• Others (Shaving Creams)

Thickness Type:

• Below 30 Micro Meter
• 31-60 Micro Meter
• 61 Micro Meter Thickness

Water Soluble Pods Packaging Market: Dish Wash and Detergents to Have Neck to Neck Competition

Among the different uses of water soluble pods packaging, dishwashers and detergents are the most common. According to this research report, the dishwash and detergent markets are expected to witness a similar growth rate in the global water soluble pods packaging market. However, in terms of market value, the detergents market is way ahead of the dishwash market. The report further indicates that water soluble pods packaging will be a key part of other end user industries in the near future.

 

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“According to Future Market Insights (FMI), the global passive temperature-controlled packaging solutions market is projected to reach US$ 10.6 Bn, exhibiting growth at 9.1% CAGR between 2021 and 2031.”

These solutions are required when the products packaged are sensitive to the external atmospheric conditions and are required to be kept under certain temperature ranges.

The passive temperature-controlled packaging solutions aids in maintaining the required temperature parameters during the storage and transportation of the temperature-sensitive products.

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Further, passive temperature-controlled packaging solutions are extensively used in pharmaceutical and food & beverage end-use industries as efficient packaging solutions for products that are affected by temperature fluctuations.

Growing demand for effective yet cost-efficient packaging solutions is anticipated to augment the demand for passive temperature-controlled packaging solutions.

Additionally, biologic and pharmaceutical drugs are among some of the most critical commodities in terms of required safety measures during transportation. Passive temperature-controlled packaging solutions are widely used for biologics and pharmaceutical products which require optimal temperature handling for a longer duration during shipping and logistics activities.

These products require different temperature ranges when they are shipped to warehouses, and a proper compilation is necessary to deliver them to pharmacies. Passive temperature-controlled packaging solutions provide the flexibility of transportation and ease of handling.

They also reduce and prevent any damage to the products during transportation. Moreover, pharmaceutical products are temperature sensitive and could be harmful to patients if they are not handled properly during transit and storage.

On the back of these aforementioned factors, sales of passive temperature-controlled packaging solutions are expected to reach US$ 25.3 Bn by the end of 2031.

Key Takeaways:

• Based on product type, the insulated containers segment is anticipated to remain the leading segment, accounting for over 60% of market share by the end of 2031.
• In terms of application, the frozen segment is estimated to expand at a CAGR of 9.4%, contributing nearly 49% of overall sales by the end of 2031.
• By end-use industry, the pharmaceutical segment is anticipated to expand at a CAGR of 9.8% during 2021-2031.
• The U.S. is expected to spearhead the growth of North America passive temperature-controlled packaging solutions market over the forecast period

 “Several international health agencies and organizations such as World Health Organization are focusing on reducing the wastage of vaccines across the globe. Hence, various programs are initiated to monitor and curb wastage of vaccines during the handling and transportation. These programs are anticipated to positively influence the passive temperature-controlled packaging solutions market.” says an FMI analyst.

Increasing Demand for Passive Temperature-Controlled Packaging Solutions in Food and Beverage Industry to Drive Market

Increasing demand for perishable food products such as meat, seafood, and dairy products is fueling the need for passive temperature-controlled packaging solutions. These solutions offer adequate temperature assurance during transit and storage. Thus, food companies are exhibiting higher inclination for passive temperature-controlled packaging solutions as a cost-effective means for packaging.

Passive temperature-controlled packaging solutions are available in a variety of specifications in terms of shape, size, insulation and packaging format which is highly desirable among manufacturers of the food and beverage industry.

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The players in the passive temperature-controlled packaging solutions industry offer an array of products targeted toward specific applications in the food and beverage industry. The specially designed packaging solution for specific applications helps in attracting players in the food and beverage end-use industry that are in search of custom packaging solutions for their products.

There is consistent growth in the number of frozen food items launched in the market that are either exotic or ready to cook. These frozen food products are required to be stored under specific atmospheric conditions during transit to achieve the desired shelf life which is often achieved with the help of passive temperature-controlled packaging solutions.

The increasing demand for passive temperature-controlled packaging solutions in the food and beverage industry can be a revenue-generating opportunity for the manufacturers and is anticipated to drive the growth of the target market.

Who is Winning?

GEBHARDT Logistic Solutions GmbH, Sonoco Products Company, ACH Foam Technologies, LLC and Cold Chain Technologies are the top players operating in the target market. Furthermore, va-Q-tec AG, Softbox Systems Ltd., Snyder Industries, Inc., are also noticeable players in the passive temperature-controlled packaging solutions market. The Tier 1 players in the market hold 10-15% markets share in the global market for passive temperature-controlled packaging solutions.

Passive Temperature-Controlled Packaging Solutions Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for passive temperature-controlled packaging solutions, analysing historical demand from 2014-2020 and forecast statistics for 2021-2031. The study reveals market growth projections on the passive temperature-controlled packaging solutions based on product type (insulated shipper (envelops & panels, EPS, PUR, VIP and others), insulated containers (chest and upright) and others), application (frozen, chilled and ambient) and end-use industry (pharmaceutical, food & beverage and others) across seven regions.

 

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“Global bulk container packaging sales are set to grow at 3.1% in 2021, up from a modest 1.8% growth witnessed in 2020, according to latest insights presented by Future Market Insights (FMI). ”

Bulk container packaging demand remained lackluster in 2020, mimicking the broader sluggishness in global economy. However, as revival commences, bulk container packaging manufacturers can expect sales to grow, albeit reaching pre-COVID levels will take some time.

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Key Takeaways

• Bulk container packaging market is estimated to expand ~1.6 times of current market value through 2031
• Bulk container segment is expected to hold more than 4/5^th value share; flextanks segment catching up
• Increasing preference for easy to carry containers bolstering demand for plastic bulk containers
• Industrial chemicals segment to hold nearly 45% value share
• China to emerge as a highly lucrative market, contributing nearly 30% of the revenue share by 2021-end

 “Bulk containers are gaining traction day by day in chemical and food & beverage and owing to the increasing demand for flexitanks for transporting non-hazardous chemicals and food ingredients, also penetrating transportation process.” says an FMI analyst.

Safety Concerns in Chemical Industry Amplifying Demand for RIBC (Rigid Intermediate Bulk Containers)

Rigid IBC (RIBC) is made of a plastic bottle, a metal cage, and a spout for easy emptying process of materials, which is mainly used during transportation. The well-built plastic liner inside the container helps in keeping the respective products safe while transporting and the metal cage makes the container sturdy enough to be stacked. The rigid IBC mainly carries liquids and is optimized to prevent the respective product from spilling at the time of transport.

RIBC manufacturers are adopting business strategies for the development of innovative products to boost the growth of the RIBC in the market. Many players have invested in producing technically advanced containers for the sake of products safety. Companies have produced tracking-enabling system-equipped bulk containers to allow customers to know the status of their respective products directly. Some key players involved in R&D activity of RFID enabled IBCs are CHEP (U.S.A.) Inc, Metano IBC Services, Inc, Hoyer Group etc.

Key Segments

Product

• Flexitanks
• Bulk Containers
  • Flexible Bulk Containers
  • Rigid Bulk Containers
• Bulk Container Liners

Material

• Plastic
  • HDPE
  • LDPE
  • LLDPE
  • PP
  • PVC
  • Others
• Metals
• Others (Wood, Fiber, Paper Board)

End Use

• Industrial Chemicals
• Petroleum
• Food and Beverages
• Paints, Inks and Dyes
• Pharmaceutical
• Others

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Bulk Container Packaging Market Landscape

The bulk container packaging market is fragmented and the Tier 1 players in the market hold 40-45% share in the global bulk container packaging market.

Greif, Inc., Berry Global, Inc., Sealed Air Corporation, DS Smith Plc, Mondi Group, Bemis Company, Inc., International Paper Company, Winpak Ltd, Mauser Group B.V, Hoover Ferguson Group, Braid Logistics (UK) Limited, Qingdao LAF Packaging Co. Ltd., My Flexitank Industries Sdn Bhd, SIA Flexitanks Limited, Environmental Packaging Technologies, Inc., Snyder Industries, Inc, Schuetz GmbH & Co. KGaA, Büscherhoff Spezialverpackung GmbH & Co. KG, Bulk Lift International, Inc, Shandong Anthente New Materials Technology Co.,Ltd are some of the prominent players in the bulk container packaging market.

Bulk Container Packaging Market Report

Bulk containers are primarily designed for store and transportation purpose of liquid and granulated substances such as food ingredients, chemicals, pharmaceuticals products etc. in bulk quantities. Bulk containers are shipped in a wide range of vehicles. It can be transported in cargo ships and even in extreme long monster truck trailers.

Most of the food & beverage, chemicals and pharmaceuticals companies are associated with bulk shipment process. Bulk containers are the first choice for transporting food gradients as these containers are capable of providing benefits to the warehouse operators who inevitably require a safe and hygienic process to transport some specific food items.

This collapsible container helps in shipping these products in an efficient and safe way. Moreover, sometimes using a poly liner inside the bulk container in the process of transporting materials helps in maintaining hygiene and integrity of the respective product.

Future Market Insights, in its new report, offers an unbiased analysis of the global bulk container packaging market, analysing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the bulk container packaging market on the basis of  product type (Flexitanks, Bulk Containers (Flexible- BIB Containers, FIBC, Rigid Bulk Containers- Lined RIBC, Unlined RIBC) and Bulk Container Liners), material type (Plastic (HDPE, LDPE and LLDPE, PP, PVC, Others), Metals and Others (Wood, Fiber, Paper Board), end use (Industrial Chemicals (Hazardous Chemical, Non Hazardous) Petroleum and ,s, Food and Beverages, Paints inks and Dyes, Pharmaceutical and Others) across seven regions.

 

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“Driven by their industrious applications in heavy engineering operations, masking tapes are highly sought-after components in automotive, construction, aerospace, and other industries. As per a new study by Future Market Insights (FMI), the masking tapes market is set to exhibit 3.9% CAGR in 2021, as operations across industries resume post prolonged lockdown amid COVID-19.”

Masking tapes developed to withstand high temperature are increasingly used for safety of automotive engines that easily tend to overheat. Against this backdrop, rising car sales are creating lucrative prospects for masking tape sales. Besides this, their increasing application in customization of vehicle will push growth of the market in the coming years.

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Improving applicability of masking tapes, thanks to recent innovations will cause increasing demand from building and construction industry. Rising spending on infrastructural development will, therefore, make emerging countries lucrative pockets for masking tapes sales. This trend however might be curtailed in near-term assessment period, as the industry struggles to cope with the unprecedented economic implications of COVID-19 outbreak.

Likewise, declining automotive sales could hamper growth of the market in 2020. Nonetheless recovery is on cards with countries resuming normalcy post extended period of lockdown. FMI presents an executive-level account of trends prevailing in the market in a new study.

Key Takeaways from Report 

• By 2030, overall value of masking tapes market will reach US$8.06 Bn
• In 2020, nearly 66.9% of materials used in masking tapes production were paper
• More than 90% of masking tapes sold worldwide are single-sided and over 50% sold have rubber-based adhesive
• Masking tapes are more commonly used in painting applications, which is expected to surge at 4.7% between 2020 and 2030
• Building and construction applications will continue rising. In 2020, the industry exhibited maximum demand for masking tapes

“Through 2030, nearly 40% of masking tape applications will be attributed by building and construction sector. This is one sector that will have exclusive attention from market players. Companies are expected to launch cost-effective masking tapes and go-to tapes to offer industrial masking solutions. In line with soaring focus on environment, some of them, including Monta, have launched compostable tapes. This will create ample growth opportunities for the market,” said a lead analyst at FMI.

Sustainability Holds Immense Potential

In 2015, the member states of the United Nations adopted the 2030 Agenda for Sustainable Development that offered a shared plan for achieving sustainability based on five pillars: prosperity, planet, people, partnership, and peace. The agenda specified various principles and corresponding steps to be adopted by government, individual companies, and other associations to ensure sustainable development in the coming years. This has encouraged various companies, including masking tape manufacturers to adopt sustainability goals and adhere to eco-friendly production.

The year 2020 witnessed several launches in the sustainable category. For instance, addressing the need to offer sustainable solutions, a renowned German manufacturer and one of the leading adhesive tape suppliers, Monta has launched monta biopack, which is a new self-adhesive tape. According to the company, the tape is made from roughly 90% renewable resources.

With an increasing number of companies joining the sustainability bandwagon, masking tapes market will have novel drivers to capitalize on in the near future.

Masking Tapes Market Key Segment

By Backing Material Type

• Foam
• Glass Fiber
• Foil
  • Aluminium Foil
  • Lead Foil

• Paper
  • Crepe Paper
  • Washi Paper
  • kraft Paper
  • Flatback Paper
• Plastic
  • Polymide(PI)
  • PVC/Vinyl
  • Polyethylene Terephthalate/Polyster
  • Fluropolymer

By Product Type

• Single Sided
• Double Sided

By Adhesive Type

• Silicon-based Adhesive
• Acrylic-based Adhesive
• Rubber-based Adhesive

By Application Type

• Painting
• Planting
• Abrasive Blasting
• High Temperature Application
• Thermal Spraying
• General Use

By End-use

• Automotive
• Building & Construction

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Who is winning?

Some of the leading companies operating in the market are PPI Adhesive Products (C.E.) s.r.o., 3M Company, Shurtapes Technologies LLC., Intertapes Polymer Group Inc., Nitto Denko Corp, tesa SE Group, Ahlstrom Corporation, Saint-Gobain Performance Plastics Corporation, PPI Adhesive Products (C.E.) s.r.o., Berry Global Group Inc. Competition within the masking tapes market is expected to intensify in the coming years as companies engage in race of launching new products with greater performance.

For instance:

• Kite Packaging launched four new packaging tapes to strengthen its existing range of tapes in 2019
• Gascogne Flexible expanded its portfolio in 2020 with the launch of a new range of reinforced,  siliconised, and unbleached kraft laminate, called GASCOFORCE 826

Valuable Insights into Masking Tapes Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global masking tapes market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the masking tapes market based on backing material type (foam, glass foil, paper, plastic), product type (single sided and double sides), end-use industry (automotive, building and construction, aerospace, general industries, and others), adhesive type (silicone based adhesive, acrylic based adhesive, rubber based adhesive), and application (painting, planting, abrasive blasting, high temperature application, thermal spraying, and general use) across seven regions (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and the Middle East and Africa.

 

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“Blow fill seal (BFS) technology is highly sought-after as a preferred packaging solution in pharmaceutical manufacturing. It utilizes a single integrated machine to produce formulated drugs aseptically without any human intervention. According to Future Market Insights (FMI), the BFS technology market is set to reach US$ 2.6 Bn by the end of 2021. Overall growth forecast remains positive for the market, especially as demand for effective packaging technology continues to rise across various industries.”

By using BFS technology, the plastic is blown, filled with the formulated product and sealed inside the machine continuously without any kind of external contamination. It is a fast, precise, and safe method for pharmaceutical filling and it uses lesser energy. The material used is often recyclable and more durable than glass. The machine is capable of producing different shapes according to the end user’s requirements. As BFS technology increases processing speed and supports contamination free packaging, this technology becomes a first choice of many end users.

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The BFS technology finds application across diverse industries. However, pharmaceutical industry remains its key end user. Main products produced using this technology are the bottles, ampoules, vials and pre-filled syringes, etc. which are used in filling of medicines, vaccines, ophthalmic, respiratory, injectable drugs, wound care, and biologics. Apart from this, BFS technology has applications in food & beverage, cosmetic and personal care, and many other industries.

Key Takeaways of Blow Fill Seal Technology Market Study

• The BFS technology market is to exhibit 5.4% Y-o-Y growth in 2021
• The U.S. will emerge as a highly lucrative destination, accounting for over 84% of the North America market
• The U.K. is set to exhibit 8% Y-o-Y growth in 2021
• France and Germany will emerge as highly lucrative markets for BFS technology in Europe
• Japan and South Korea will continue exhibiting high demand

“Blow fill seal technology has been witnessing high demand from pharmaceutical companies in Latin America and Asia Pacific. Unit dosage packaging, such as prefilled syringes are in high demand, which in turn is spurring the demand for blow fill seal technology in these regions” says an FMI analyst.

Blow Fill Seal Technology Aids in Curbing Medical Non Adherence Issues

Over the past two decades, medical adherence has created a very critical situation for healthcare & pharmaceutical industry.

• For instance: in USA, according to FMI study, it has been noticed that ~40%-50% of prescribed medications are not taken by the patients appropriately. Along with this, according to a study conducted by the Intercontinental Medical Statistics (IMS) health, it has been noticed that the matter of not taking medicine appropriately at right time is costing patients more than $200 Bn.

To contain the issue, the pharmaceutical industry is continually making efforts for improving medication packaging. The industry is focusing on appropriate and easy packaging for ensuring the matter of “right dose at right time”.

Against this backdrop, the demand for technologies that can instruct the patients to take accurate dose in a timely manner is rising. Companies, especially in North America are adopting blow fill seal technology to help to ensure better drug intake in a single dose.

Blow Fill Seal Technology Market by Category

By Product Type

• Bottles
  • 0.2-100 ml
  • 100-500 ml
  • Above 500 ml
• Ampules
  • 0.1-10 ml
  • 10-100 ml
• Vials
  • 0.1-10 ml
  • 10-50 ml
• Others(prefilled syringes & Injectables)

By Material Type

• PE
  • LDPE
  • HDPE
• PP
• Others

By End Use

• Pharmaceuticals
  • Ophthalmic
  • Injectables
• Food & Beverage
• Cosmetics & Personal Care
• Others

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Blow Fill Seal Technology Market Landscape

Unither Pharmaceuticals SAS, Catalent, Inc., Curida AS, Unipharma LLC, Weiler Engineering Inc, GlaxoSmithKline plc, Takeda Pharmaceuticals International AG, Nephron Pharmaceuticals Corporation, Horizon Pharmaceutical Inc, Brevetti Angela S.R.L, Recipharm AB, Laboratorios SALVAT, S.A, The Ritedose Corporation, Unicep Packaging, LLC, Pharmapack Co. Ltd, Amanta Healthcare Ltd., Automatic Liquid Packaging Solutions LLC, Asept Pak, Inc and SIFI Spa are some of the keyplayers in the blow fill seal technology market. The blow fill seal technology market is fragmented and the Tier 1 players in the market hold 40-45% share in the global blow fill seal technology market.

Blow Fill Seal Technology Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global blow fill seal technology market, analysing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the blow fill seal technology market on the basis of product type (bottles (0.2-100 ml, 100-500ml, and above 500ml), ampules (0.1-10 ml and 10-100 ml), vials (0.1-10 ml and 10-50 ml), and others (prefilled syringes & injectables)), material type (PE, (LDPE and HDPE), PP, and others), end use (pharmaceuticals (ophthalmic, injectable, biologics, wound care and respiratory), food & beverage, cosmetics & personal care, and others across seven regions.

 

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“Future Market Insights (FMI), in its new study, outlines the growth prospects of the sachet packaging market for the forecast period, 2021-2031. According to the report, worldwide sales of sachet packaging reached 999 billion units in 2021, equaling revenues worth US$ 8.7 Bn.”

On-the-go culture continues to attest the convenience quotient of sachet packaging over other formats, which is further backed by a sizeable number of FMCG manufacturers who are opting for sachet marketing as a winning strategy. However, emergence of alternative flexible packaging solutions, such as stick packs or pouches, remain the potential threat to the growth of sachet packaging market as they require relatively less raw material.

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“Launching small-sized, one-time use product sachets has helped brands survive the retail revolution over the recent years. With technology innovations in packaging machinery are making a strong attempt to overcome the longstanding drawbacks facing the packaging industry, such as poor productivity, the FMI study finds that sachet packaging is rapidly emerging as a way to increase profit margins, as it requires lesser volumes to be filled in packages”.

Opportunities in Pharmaceutical Packaging Hinting Positive Prospects

The sachet packaging market is likely to expand at a CAGR of ~5.8% over the course of next eight years. First-time buyers have been the primary target for manufacturers selling products in small-sized sachets, according to the report. Furthermore, as modern consumers continue to develop interest in functional packaging, several brands are incorporating sachet packaging into their product marketing strategies, emphasizing increased number of trials and promotions.

Opportunities abound for sachet packaging market players in low-income countries, as retailers in these nations are adopting the small packaging trend over bulk packaging, target untapped consumer population. A growing focus of companies on increasing accessibility and affordability of products to ultimately penetrate new markets, has been significantly favoring the demand for sachet packaging.

Growth prospects of the sachet packaging market, as the report opines, are high in developing countries of Asia Pacific, accounting for one-third share of the total revenues. The growing importance of single-serve packaging among consumers for a multitude of products, especially cosmetics, personal care, and FMCG, has enabled market players to firm up within the region. Lighter, portable, and cost-effective nature of sachets continue to make sachet packaging an attractive proposition for the low-income consumers as well as young and active millennials.

According to the study, single-unit-use of sachets for pharmaceutical products is emerging as an effective way to overcome challenges posed by shorter shelf life or inaccurate doses. With increased healthcare expenditure and growing need for effective packaging which are child-resistant and senior-friendly, sachet packaging will have more ground to cover in the pharmaceutical sector. Sensing the potential growth opportunities, market players are focusing on investing in pharmaceutical machinery for sachet packaging format to facilitate ease of use and improved medicine management.

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
• Pharmaceuticals
• Industrial
• Sealants & Adhesives
• . & Solvents
• .

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Sachets – The Culprit of Waste Filling Oceans?

The study identifies restraints that could possibly create a hindrance in the growth of sachet packaging market. Single unit packages give access to high quality products at low prices and allow brands to gain significant profit and market share. However, they have become a waste nightmare, filling landfills and oceans. Several ‘zero-waste’ groups have been promoting innovative solutions to brands to replace sachets, while huge section of demographic in developed regions in North America and Europe continue to prefer bottles and large pack sizes.

FMI’s analysis further provides an incisive outlook of the competitive landscape, including discussions on the winning imperatives of the market players. In addition to expansion of existing capabilities, a number of stakeholders are following the strategy of consumer retention by offering customized solutions for product filling and management.

 

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