Chocolate Bar Packaging Market Comprehensive Shares, Historical Trends And Forecast By 2027

Chocolate Bar Packaging Market Overview

Chocolates are commonly bought on an impulsive decision made by the buyer so packaging plays a vital role in sales of chocolate bars. Chocolate is a heat sensitive product hence chocolate requires packaging that particularly addresses the issue of maintaining quality in high temperature. Commonly multilayer packaging is used for packaging of chocolate bars. Chocolate bars have a primary layer of very thin aluminum foil wrapped by a thin film of paper and a secondary packaging of plastic wrapper or a box.

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An aluminum layer is to protect the chocolate in case external packaging gets damaged, and secondary packaging is used by manufacturers for brand building and for communicating with the consumers about the product and the company. Chocolate is consumed as a luxury product and as a common snack. Packaging manufacturer uses different packaging type and designs to justify the end use of the chocolate bars.

Regardless of the age chocolate is enjoyed by everyone across the world. However, as chocolates are not an essential part of diet, its demand in any region is co-related to the consumer disposable income and lifestyle in the region.

Chocolate Bar Packaging Market: Market Dynamics

The innovations in packaging play a significant role in improving the marketability of a product. Packaging market is estimated to be around US$ 824 Bn and is expected to grow at a CAGR of 4% over the forecast period. The use of chocolates for any celebrations and occasions is the key driver for supporting the demand for chocolate while influencing chocolate bar packaging market. The need of protecting the chocolate from losing its integrity during transit and storing chocolate packaging can play a vital role.

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The ability of packaging to categorizing the chocolate as a luxury consumable or a regular snack can support the chocolate bar packaging market. However, not being considered as a healthy snack for regular consumption the demand for chocolate bar packaging market may not proliferate.

The function in the disposable income of a region may affect the demand for the chocolate in that region while significantly hampering the chocolate packaging market. However, the increasing influence of the western culture in the eastern world can increase the consumption of the chocolate while providing new opportunities for the chocolate bar packaging market.

Chocolate Bar Packaging Market: Regional Outlook

Regionally global chocolate bar packaging market is segmented into

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia-Pacific excluding Japan (APEJ)
  • Middle East & Africa (MEA)
  • Japan

Western Europe and Latin America region is expected to contribute for the major portion of chocolate bar packaging market over the forecast period owing to the cultural practices and consumer lifestyle supporting the demand for chocolates in the region.  APEJ region is expected to follow the Western Europe owing to the presence of densely populated areas in the region. The demand for chocolate bar packaging market in North America is expected to grow at a steady rate. While MEA and Eastern Europe is expected to exhibit a sluggish demand for chocolate bar packaging market over the forecast period.

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Chocolate Bar Packaging Market- Key Players:

Some major players of the chocolate bar packaging market are Swiss Pac Pvt. Ltd., ATP – Engineering & Packaging, S.L, Futuristic Packaging Pvt. Ltd., Shantou Weiyi Packaging Co., Ltd., Baoding City Zhenghui Printing & Packing Industrial Co., Ltd., Shenzhen Dingqi Pack Co., Limited, Wenzhou Guoxin Packaging Co., Ltd., NITTOPACK CO., LTD., Tianjin Gorgeous Packing Material Co., Ltd., Shenzhen Proyu Technology Co., Limited, Jiangyin Sunkey Plastic Packaging Co., Ltd.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil and Rest of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
  • Eastern Europe (Poland, Russia and Rest of Eastern Europe)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, and Rest of MEA)

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, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies

Chocolate Bar Packaging Market: Market Segmentation

Chocolate bar packaging market is segmented by material type and by packaging type.

Based on the types of materials used, chocolate bar packaging market is segmented into:

  • Paper
  • Plastic
  • LDPE
  • PVC
  • PET
  • PE
  • Foil
  • Aluminum

Based on the types of packaging, chocolate bar packaging market is segmented into:

  • Wrappers
  • Boxes
  • Secondary packaging (Pouches, Bags)

The Sales Of Intermediate Bulk Containers (IBC) To Increase At 6.8% CAGR Through 2031

Intermediate bulk containers sales have considerably increased across industries such as FMCG, chemicals, paints, and petroleum. Future Market Insights (FMI) has predicted the sales of intermediate bulk containers (BIC) to increase at 6.8% CAGR through 2031.

There are numerous products that are not traded to different regions due to the unavailability of effective packaging types to transport them. Intermediate bulk containers (RIBCs and FIBCs) are cost-effective packaging solution, which ensure the product is shipped in its original form to the importer.

Prospecting untapped regions for exports of products will create abundance of opportunities for the growth of the IBC market. For example, Europe has highest consumption capacity of organic food products, according to Research Institute of Organic Agriculture.

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Shipping of these organic products from various regions will require the use of bulk bags, further strong arming the market in this region. FIBCs are considered most suitable option for the export of food products.

FIBC bags are replacing corrugated boxes, as they have relatively high shelf-life and are light in weight. The use of IBCs for transportation of products and fluids is expected to create impressive opportunities for the bulk container packaging market.

FMI has forecast that the demand and sales of intermediate bulk containers will be definite and in increasing order. Factors such as ever-increasing cross country trade, increased demand for modern containers to carry large liquid quantities and reforming of rigid IBCs for reducing packaging scrap will exponentially increase the sales globally.

Key Takeaways from Intermediate Bulk Containers Market

  • By product, flexible IBC segment is ahead and leading the global intermediate bulk containers market. With its biodegradable nature, target segment is anticipated to hold more than 94% market share by the end of forecast period.
  • Plastic is the most preferred material among end users due to its longer shelf life and safety properties. The plastic segment is anticipated to increase 1.9 times of current market values in next decade.
  • IBCs are primarily used for storage and transportation of solid & semi-solid content. Therefore, this segment is estimated to lead the market with a share of about 92% because the nature of transport material.
  • By capacity, flexible and rigid IBCs are diversified on different scales. RIBC with the capacity of 1,001 – 1,5000 Ltr is estimated to expand by 2.5 times of current value in foreseeable future. But, the segment will be dominated by FIBC, which is forecast to hold leading chunk of almost 92% of the market by 2031.
  • FMI has forecast the consumption of RIBCs to increase consistently in chemical industries for storage of hazardous solutions. This segment is estimated to create an incremental opportunity of US$ 1 Bn in 2021-2031.
  • Europe is forecast to remain at lead and hold more than 1/3rd share in the global market.

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 “The demand for flexible and rigid intermediate bulk containers is rising globally, especially of their packaging capabilities in liquid, semi-solid and solid contents. This has opened up the doors of opportunities for key manufacturers for maximizing their sales. Increasing emphasis on protective and durable packaging solutions during transit is anticipated to redefine the intermediate bulk containers market growth” says FMI analyst.

High Demand for Advanced Containers for Large Quantity Liquid Transportation Will Augment Sales

Most European countries have witnessed steady recovery from the recent recession caused by pandemic, and the trade activities are likely to increase over the forecast period. This, coupled with healthy growth in trade volume of IBCs in the East Asia & South Asia, is expected to play a crucial role in stabilizing the global trade.

Since there is a noteworthy existence of link between the supply and demand chains for industrial packaging, enhanced industrial packaging demand is evident, with stabilized manufacturing sector output.

Though the demand for IBCs is likely to be concentrated in Asia, contribution to the global demand is also expected from other regions such as Europe and MEA because of increase in transportation of large volume of goods.

The U.S. market is going to exhibit high demand for IBCs over the forecast period, because of increasing volume of export and import goods such as petroleum, food products, chemicals, paints, and others.

Low cost of manufacturing in China and India has led key players across the globe to move their production facilities to countries in the East Asia & South Asia, which has resulted in significant growth in trade value and volume in the region

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Intermediate Bulk Containers Market Landscape

Greif Inc., SCHUTZ GmbH & Co. KGaA, Mauser Packaging Solutions are the top players operating in the intermediate bulk containers market. Furthermore, Berry Global Inc., International Paper Company, DS Smith Plc and Mondi Group are also the noticeable players in the intermediate bulk containers market. The 3-tier players of the market hold 55-65% in the global intermediate bulk containers market. Summarizing everything key players will contribute almost 35-45% of the global market.

Intermediate Bulk Containers Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global intermediate bulk containers market, analyzing historical demand from 2014-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the intermediate bulk containers market on the basis of product type, material type, content, capacity and end use across seven regions.

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

Biodegradable Films Market: Global Industry Analysis 2015 – 2019 and Opportunity Assessment 2020 – 2030

Global Biodegradable Films Market: Overview 

Plastic proves its significant place in the packaging due to its cost-effectiveness and durability. But rising intolerance to the plastic for single-use packaging is creating the need for highly sustainable solutions. The packaging industry is making efforts to introduce eco-friendly and yet effective packaging solutions to end-users. Biodegradable films, aluminum foil and paper-based packaging are some of the newer solutions for sustainable packaging to which industry giants are looking to opt for.

The packaging market is expected to witness the higher demand for biodegradable films in the foreseeable future. Both types are 100% compostable. Due to the special bio-additives in the degradable resin, the film decomposes to water, bio-compost, and carbon-dioxide. The regulatory authorities across the globe developed international standards for compostability which includes ASTM 6400 (in America), AS 4736 (in Australia), En13432 (in Europe), and Green Pla (in Japan). The manufacturers have to comply with these standards to market their biodegradable films in different regions.

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Global Biodegradable Films Market: Dynamics

The Agricultural Sector to Boost the Demand for Biodegradable Mulch Films

The mulch films developed from the biodegradable films are gaining traction across the globe. Biodegradable films are increasing by agriculture sector owing to its temperature maintaining, speed up ability in germination and cultivation cycles. Furthermore, rising demand in the agricultural sector to improve crop in suitable conditions is a key driver for the global market for biodegradable films.

Capacity Expansion by Manufacturers to Leverage Lucrative Opportunity from Biodegradable Films Market

The packaging films manufacturers are focusing on the expansion of biodegradable films offerings owing to increased demand from the end-users.

  • In January 2020, Monta, a German manufacturer and suppliers of self-adhesive tape, launched a new self-adhesive tape, monta biopack®.
  • In 2018, Zummit Plastics, a manufacturer of high-end machine and hand application stretch film products, expanded its PE biodegradable films production.

Additionally, organizations and universities are researching on the development of biodegradable films from the new materials to offer more options to manufacturers. In January 2020, the University of New South Wales discovered an innovative way to turn banana plantation waste into biodegradable packaging material.

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Global Biodegradable Films Market: Geographical Outlook

The popularity of biodegradable films in North America and Europe is expected to gaining traction owing to local governments push toward sustainability and manufacturers increased research and development activities. The ban on plastic and consumers’ acceptance for biodegradable packaging options are expected to speed up the growth of the biodegradable films market in the coming decade. Japan, China and India are planning to reduce 100% of single-use plastic by the end of 2025, which is expected to boost the demand for biodegradable films in the Asia Pacific region. Latin America and Middle East & Africa regions witnessed sluggish growth for biodegradable films market in the past five years, which is projected to accelerate in the next decade.

Global Biodegradable Films Market: Key Players

Some of the key players operating in the global biodegradable films market are as follows:

  • Taghleef Industries Group
  • Cortec Corporation
  • Clondalkin Group
  • Futamura Group
  • Storopack, Inc.
  • Transilwrap Co., Inc.
  • Accredo Packaging, Inc.
  • POLYNOVA Industries Inc.
  • Tipa Corporation
  • Plastiroll Oy Ltd.

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 an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on biodegradable films market segments and geographies.

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Regional Analysis Includes-

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

Global Biodegradable Films Market: Segmentation

The global biodegradable films market has been segmented into material, application, thickness, and end-user industry.

On the basis of material, the global biodegradable films market has been segmented into:

  • Bio-LDPE (Low Density Polyethylene)
  • Bio-MDPE (Low Density Polyethylene)
  • Bio-HDPE (Low Density Polyethylene)
  • Bio-based PLA (Polylactic Acid)
  • Others

On the basis of application, the global biodegradable films market has been segmented into:

  • Bags
  • Mulch Films
  • Wrapping Films
  • Liners
  • Others (Sheets, etc.)

On the basis of thickness, the global biodegradable films market has been segmented into:

  • Up to 1 mil
  • 1-3 mil
  • Above 3 mil

On the basis of end-user industry, the global biodegradable films market has been segmented into:

  • Food & Beverages
  • Healthcare
  • Personal Care & Cosmetics
  • Agriculture
  • Waste Management
  • Others

Reports Highlights:

  • A detailed overview of parent market
  • Changing biodegradable films market dynamics in the industry
  • In-depth biodegradable films market segmentation
  • Historical, current, and projected market size regarding volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies for key players and products offered operating in the biodegradable films market
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on biodegradable films market performance
  • Must-have information for biodegradable films market players to sustain and enhance their market footprint

The global tube closures market is Anticipated to Expand at a CAGR of ~3.6%, During the Forecast Period

Tube Closures Market Overview

The global tube closures market is Anticipated to Expand at a CAGR of ~3.6%, During the Forecast Period.

Newly released data from tube closures market analysis shows that global market demand for the overall tube closures is anticipated to reach millions of units by 2031. The prominent sale of the tube closures is due to the increasing use of tubes as a packaging solution among food, pharmaceuticals, personal care & cosmetics, and other industries.

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Tube Closures Market: An Overview

Closures are used as a closing system for sealing or packaging a product. Tube closures are used to seal or pack the tubes used by various end-use industries. The sealing properties as well as the precise closing makes it popular among the end-use industries.

The tube closures help in protecting the product inside the tube from various factors such as dust and other microbes. The durability, easiness to open, user-friendly, and other features of the tube closures fuel the demand for the same among the various end-use industries.

Increasing requirements for customized as well as innovative closures augment the sales of tube closures. With the increasing production among the end-use industries, the demand for tube closures is anticipated to bolster in the future. Considering the overall benefit of the tube closures, the future market outlook for tube closures is forecasted to rise during the foreseeable period.

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What Propel the Demand for Tube Closures?

The high preference for tubes as a packaging solution among various end-use industries is the major factor driving the demand for tube closures across the globe. Another major concern of protecting the product from various environmental factors as well as safeguarding the product from getting spilt pushes the demand for tube closures.

The availability of eco-friendly tube closures which are made from post-consumer resin or can be reused bolster the sales of tube closures among the end-use industries.

The tube closures can be customized as per the requirement of the end-users which makes it popular among the end-use industries and this supplement the sales of tube closures. The increasing demand for child-resistant packaging boosts the demand for child-resistant tube closures.

It is durable as well as user friendly and convenient to use which fuels the demand for the same. On the back of all the above factors, the demand for tube closures is anticipated to boost during the forecasted period.

How does the Increasing Usage of Convenient Packaging Create Growth Opportunities for Tube Closures?

The preference for convenient packaging among users is increasing day by day. The users major prefer convenient packaging especially during travel as such packaging solutions are easy to handle, easy to use, and can be disposed of easily.

With the increasing usage of tubes as convenient packaging solutions, the demand for tube closures is anticipated to propel during the forecasted period. Therefore, the rising usage of convenient packaging solution which includes tube is projected to create market growth opportunity for the tube closures.

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Which Factors Limit the Market Growth of the Tube Closures?

The availability of substitutes for the tubes limits the market growth for tube closures. Also, the fluctuation in the availability of raw materials such as plastic, metals, and others and the changing prices of raw materials hamper the market growth of tube closures.

Competitive Landscape

The global key players for the tube closures are

Some Asian players include Hicap Closures Co., Ltd., Shandong Jiuxing Packing Co., Ltd., Parekhplast India Limited, TEKNOBYTE INDIA PVT. LTD., Nippon Closures Co. Ltd., and others

What Key Strategies are Adopted by Key Players for Increasing their Market Share in the Tube Closures Market?

The manufacturers of tube closures are focusing on increasing their product portfolio by expanding their capacity and product portfolio through mergers & acquisitions.

  • In June 2021, BERICAP Holding GmbH announced the acquisition of Mala Verschluss-Systeme GmbH which will help the company to extend its product portfolio of aluminium closures.
  • In June 2020, Silgan Holdings Inc. announced the acquisition of Albea’s Global Dispensing Business for strengthening its closures business.

What Augment the Sales of Tube Closures in Germany?

The increasing production of pharmaceutical products in Germany is anticipated to fuel the demand for tube closures. According to the European Federation of Pharmaceutical Industries and Associations (EFPIA), in 2019 the overall pharmaceuticals production in Germany reached around US$ 40 billion.

The increasing pharmaceutical production creates a market growth opportunity for tube closures as tubes are more preferred to fill gel or cream-based medicines. Therefore, the increasing production of pharmaceutical products in Germany is projected to augment the sales of tube closures in Germany.

Why the Indian Cosmetic & Personal Care Market Will Bolster the Demand for the Tube Closures?

The exponential growth of the cosmetic & personal care industry in India is projected to augment the sales of tube closures as tubes are preferred by the cosmetic & personal care industry for its convenience. The increasing use of cosmetic & personal care products by the Indian customer bolster the demand for tube closures in India.

What is the Impact of COVID-19 on the Global Market for Tube Closures?

The global market for tube closures experienced a downfall in demand due to low or no demand for the closures from the end-use industries such as personal care & cosmetics, food, homecare, and others. The various government restriction during the lockdown phase turns towards slowdown or closedown in the operation of various end-use industries which had an adverse impact on the tube closures market.

Later, with the situation getting normal the end-use industries started to operate at their full efficiency along with trying to increase their production capacity to cover the losses that occurred which creates a market growth opportunity for the tube closures market. Also, the tube closures manufacturers are trying to increase their capacity to cater for the market.

Key Segments of Tube Closures Market Covered in the Report

By Material:

  • Plastic
  • Metal

By Product Type:

  • Screw Closures
  • Snap Closures
  • Flip Flop Closures
  • Others

By Production Process:

  • Injection Molding
  • Blow Molding
  • Others

By End Use:

  • Food
  • Cosmetic & Personal Care
  • Homecare
  • Pharmaceuticals
  • Chemicals
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania

Edible Oil Packaging Sales to Grow at 5.8% CAGR Demand for Sustainable and Recyclable Packaging Solutions Increases Globally: FMI Study

The global edible oil packaging market is anticipated to grow at 5.8% CAGR through 2031, finds Future Market Insights (FMI) in its latest study.

Following the outbreak of COVID-19, as restrictions were imposed by governing authorities, demand for edible oil packaging solutions decreased to an extent due to disruptions in the supply chain.

However, sales are expected to pick up due to increasing international trade of edible oils and high demand for retail-ready edible oil packaging solutions.

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Producers of edible oil packaging are focusing on making cost-effective packaging solutions for safe transportation of edible oil and to increase their profit margins.

Edible oil is now packed in convenient packaging designs, which are easy-to-store and perfectly suitable for modern-day retail facilities. Edible oils packed in pouches, bottles, jars, cans, and liquid cartons are introduced to overcome problems faced by traditional space-consuming packaging solutions.

A wide range of rigid and flexible packaging types are designed to perfectly cater the changing buying patterns among consumers and offer hassle-free packaging solutions to retailers.

Marketers and end-users of edible oil packaging solutions are trying to differentiate their products based on ease in dispensing the consumable oil-packed inside it. Most of the consumer base today prefer hassle-free packaging without any risk of wastage or damage to the product, which allows them easy retrieval of edible oil.

Hence, manufacturers are offering pouring caps for easy dispensing of edible oil. A variety of self-closing dispensing taps are also offered along with bag-in-box packaging for edible oils, which keep the surface clean from spillage.

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Key Takeaways from Edible Oil Packaging Market

  • Drums are the most versatile packaging type used for packaging edible oils across the globe. In terms of type, drums are anticipated to register growth at 5.9% CAGR between 2021 and 2031.
  • The U.S. edible oil packaging market is anticipated to reach US$ 483 Mn over the forthcoming decade.
  • Based on material, plastic is expected to be the most preferred type, registering growth at 5.4% CAGR during the forecast period..
  • Due to disruption in supply chains in 2020, Germany is anticipated to register growth year on year growth of 1.5%. Demand for edible oil packaging solutions in Germany is driven by the rising consumption of edible for producing biodiesels.
  • Rising consumption of palm oil across packaged food industries, hotels, restaurants and cafes will spur sales. The segment is expected to offer a total incremental opportunity of US$ 715 Mn over the forecasted period.

“Growing sustainability have compelled the manufacturers to introduce eco-friendly and recyclable packaging solution, improving the demand for bag-in-box and drums. This is expected to bode well for the market,” says FMI analyst.

Growing Popularity of Organic & Low Cholesterol Oils will Offer Growth Opportunity

Key manufacturers of edible oils are launching advanced variants of products, such as oils having omega-3, variety of minerals and natural antioxidants to cater for the requirement of healthy oil among consumers, especially millennials.

Rising prevalence of heart diseases, diabetes and many other chronic diseases caused by consumption of unhealthy oils is improving the demand for low-cholesterol oils. Growing awareness about the same among consumer has resulted in the sharp rise in demand and consumption for olive oil, sunflower oil and other oils, which have good cholesterols.

An increase in demand for such oils in developing countries offers lucrative opportunities for the edible oil packaging market players.

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Edible Oil Packaging Market Landscape

Some of the key players dominating the global industrial packaging market are Tetra Pak International S.A., Berry Global Group Inc, Scholle IPN Corporation, Glenroy, Inc., Crown Holdings, Inc, Sealed Air Corporation, DS Smith Plc, Smurfit Kappa Group, Technocan S.A., Amcor Plc, ASA Group, Colep Packaging, Vetropack Holding Ltd, Baralan International S.p.A., Vidrala, S.A., Uflex Ltd, TPAC Packaging India Private Limited (Sunpet) and Neo Sun Industries Limited.

Edible Oil Packaging Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the edible oil packaging market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the edible oil packaging market based on packaging type (bottles, pouches, jerry cans, cans, drums, bag in box and others), material (plastic, glass, metal and paper), capacity (50 to 500ml, 501 to 1000ml, 10001 to 5000ml and above 5000ml) and oil type (soybean oil, coconut oil, olive oil, cottonseed oil, sunflower seed oil, peanut oil, mustard oil and others) across seven regions

Blunt Wraps Market Expectations and Growth Trends Highlighted Until 2027

Cigarette smoking is increasing day by day. With the changing styles and consumption of cigars and cigarettes, the way of smoking also changes. Today, blunt wraps are used for smoking purpose and it revolutionized the smoking market. The word “blunt” refers to the thickness and rough edge of the wraps which are used in cigars.

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Blunt wraps are thick sheets used to roll tobacco leaf or dried leaves of marijuana. Blunt wraps have become popular during the recent years as, various brands are providing flavoured wraps. Blunt wraps are available in various flavours, right from chocolate, vanilla, and strawberry to blueberry and mojito. They are available in various thicknesses.

Various tobacco manufacturers are also engaged in production of blunt wraps in the market as per the changing scenario. The blunt wraps market is growing with with increasing number of smokers across the globe. Due to these factors, the outlook for global blunt wraps market seems to be positive during the forecast period.

Global blunt wraps market: Dynamics

Global blunt wraps market is anticipated to witness positive growth on the backdrop of growing number of active smokers all across the globe. Blunt wraps provide new way of smoking tobacco and marijuana leaves. People can fill tobacco or marijuana as per their requirement, this factor is expected to fuel the global blunt wraps market during the forecast period. Manufacturers are producing blunt wraps in various flavours such as kiwi, strawberry, mojito, vanilla, chocolate and among others.

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This increases consumer preference to opt for blunt wraps instead of cigarettes or cigars. This factor is expected to drive global blunt wraps market growth during the next decade. Blunt wraps are easily available in the market, even at convenience stores or online stores. It is used as an accessories for cigar and cigarillos. One of the factor which might hamper the growth of blunt wraps market during the forecast period is that health issues occur due to smoking, which leads to some fatal diseases such as cancer, tuberculosis and various others.

Ban imposed by several government agencies in various countries against the use of tobacco and marijuana is expected to hinder the overall growth of blunt wraps market during the next decade. One of the factors which hampers the blunt wraps market growth is increasing awareness among people regarding harmful effects of smoking.

The global demand for blunt wraps is expected to witness growth during the forecast period, due to growing preference for smoking among people. North American region is expected to witness positive growth in blunt wraps market during the forecast period due to increment in the number of users. APEJ region is expected to witness high growth in global blunt wraps market over the forecast period as the region has high number of people who engaged in smoking.

Western Europe and Eastern Europe regions are expected to witness high growth in blunt wraps market over the forecast period. It is due to the study that millions of Europeans are engaged in the consumption of drugs such as marijuana and tobacco. Consumption of tobacco and marijuana is increasing, and people who are addicted to smoking, are always excited to try new ways of consuming them.

Latin America is anticipated to witness positive growth during the forecast period. MEA region is expected to witness sluggish growth due to the ban imposed by the government on the use of drugs. Japan is expected to witness lucrative growth due to presence of active smokers in the region.

Global blunt wraps market: Key Players

Few of the key players in global blunt wraps market are – Marijuana Packaging, Slimjim Online, BnB Enterprise, Smokers heaven, Durfort Holdings S.A., among others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies

For any queries linked with the report, ask an analyst

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Global blunt wraps market: Segmentation

On the basis of flavouring, the global blunt wraps market has been segmented as:

  • Flavoured blunt wraps
  • Unflavoured blunt wraps

On the basis of application, the global blunt wraps market has been segmented as:

  • Tobacco
  • Recreational marijuana

On the basis of retail channels, the global blunt wraps market has been segmented as:

  • Online
  • Offline

Global blunt wraps market: Regional Outlook

  • North America
  • Western Europe
  • Asia-Pacific except Japan
  • Eastern Europe
  • Latin America
  • Middle-East and Africa
  • Japan

Luxury Rigid Boxes Market Is Set to Experience Revolutionary Growth by 2030

Luxury rigid boxes market is projected to reach over US$ 5.4 Bn by 2030, as per the new market study published by the ESOMAR recognized research firm Future Market Insights.

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

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

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

Key Takeaways of Luxury rigid boxes Market Study

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

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

Players Aim at Mergers & Acquisitions to Expand Product Portfolio

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

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

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

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Impact of COVID-19 on Luxury Rigid Boxes Market

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

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

Luxury rigid boxes Market Landscape

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

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

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

 

About us :

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

 

Molded Fiber Pulp Packaging Market Estimated to Expand at a Robust 5.1 %CAGR By 2031

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.

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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.

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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..

 

 

 

About us :

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Variable Data Printing Market Expectations and Growth Trends Highlighted Until 2030

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

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

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

Key Takeaways of Variable Data Printing Market Study

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

COVID-19 Pandemic Impact Analysis

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

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

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

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

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

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

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More Valuable Insights on Variable Data Printing Market

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

 

About us :

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Micro Flute Paper Market Estimated to Expand at a Robust CAGR By 2030

In its new market study, Future Market Insights (FMI) estimates micro flute paper market to grow at 5.1% CAGR (value) through 2030.

The report attributes the growth of the market to increasing demand for shelf-ready packaging (SRP) at retail stores, hypermarkets supermarkets, and other sales and distribution outlets, coupled with the advanced physical properties of micro flute paper. Similarly, the study has identified the growing preference for lightweight and robust packaging solutions as a crucial growth driver.

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The analysts at FMI also remark that an increasing number of regulations against the usage of plastic packaging solutions are asserting market players to seek biodegradable packaging solutions, thus giving a boost to the adoption of micro flute paper owing to its minimal carbon composition.

However, the report opines that the COVID-19 pandemic will adversely impact the demand for micro flute paper owing to pandemic-related difficulties such as supply chain disruptions and termination of production across food & beverage and personal care industries.

Key Takeaways

  • E flute paper will remain the most popular variant, capturing more than 50% of global market value, owing to high strength.
  • 175 – 250 GSM segment will account for over 3/5th of total market value.
  • Recycled material will remain the most sought-after type, accounting for more than 4/5th of market value.
  • Based on end-use, micro flute paper finds the majority of applications in the food & beverage industry.
  • Europe is expected to remain at the forefront of the regional landscape, capturing nearly 30% of market value.
  • North America and East Asia will collectively account for more than 2/5th of global value.

“Market players are focusing on overcoming the limitations of the products such as vulnerability to extreme physical conditions, and are opting for R&D to achieve the same,” remarks FMI analyst.

COVID-19 Impact

The outbreak of COVID-19 has created uncertainty in the global packaging industry and micro flute paper is no different. Owing to its reliance on F&B and personal care sectors, the demand for micro flute paper is likely to experience a downtrend during the pandemic as operations in the aforementioned sectors came to a curt halt.

Moreover, other COVID-19 related perils such as unavailability of raw materials, shortage of workforce, and contraction of production are acting as major challenges on the supply side of the micro flute pape market. However, the socioeconomic situation is realigning to normality in several parts of Europe and East Asia, and this is likely to aid in the revamp of the market from the dawn of 2021.

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Who is Winning?

Players in the micro flute paper market are increasing their investment in research & development activities to develop products that are resistant to extreme physical conditions such as heat and cold.

On these lines, DS Smith offers N and F type micro flute papers with high moisture barrier properties to cater to requirements in the frozen food packaging segment.

FMI’s report includes profiles of some of the most prominent names in the market including DS Smith Plc, Smurfit Kappa Group Plc, Novolex Holdings, Inc, Acme Corrugated Box Co. Inc, Cascades Sonoco, Inc, Stora Enso Oyj, WestRock Company, Mayr-Melnhof Packaging, KRPA Holding CZ, a.s., and Braepac Packaging, among others.

 

 

About us :

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Mr. Debashish Roy
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