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According to Future Market Insights (FMI), the duct tapes market will grow by 5.2% CAGR between 2021 and 2031 as application increases in industries such as HVAC, building & construction, automotive, electrical & electronics, shipping & logistics, and others for repairing, sealing, coding, waterproofing, strapping, splicing and other purposes.

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Duct tapes offer surface protection along with various other benefits such as durability, strength, temperature resistance, and others which makes them popular among the various end-use industries. They are available in different types as per the requirement of end users which adds to the sales of duct tapes across various regions.

Duct tapes also are available in different colors which are used for indicating some safety information or for coding or for sorting. The different colors make it easy for industries to provide information. Also, it can be used as a marketing & advertising tool which is an added benefit for end users. On the back of these factors, the demand for duct tapes is anticipated to grow during the forecast period.

Key Takeaways from Duct Tapes Market

• By product type, the professional grade duct tapes segment is anticipated to remain the leading segment, accounting for around 37% of the market share by the end of 2031.
• Based on adhesive type, the natural rubber based adhesives segment is projected to register a CAGR of 5.7% during 2021-2031.
• Cloth segment by backing type is estimated to create the highest incremental opportunity of US$ ~1.4 Bn during 2021-2031.
• By application, sealing segment followed by waterproofing segment and repairing segment are forecast to hold around 68% of the market share.
• 10 to 15 Mil segment under thickness is estimated to expand 1.9x times the current market value in the next ten.
• By end-use industry, the HVAC segment and building & construction segment are anticipated to expand at a CAGR of 5.8% and 6.4% respectively during 2021-2031.
• North America, Europe, and East Asia will register highest demand for duct tapes. These regions together are projected to hold approximately 68% of the market share by the end of 2031.

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 “The need for strong sealing & repairing solutions among the various industries such as building & construction, shipping & logistics, HVAC, and others is fuelling the demand for adhesive tapes such as duct tapes,” says an FMI analyst.

Professional Grade Duct Tapes to Register High Demand

Manufacturers engaged in the production of duct tapes are offering various types of professional-grade duct tapes, which are helpful for a variety of household and industrial uses. Professional grade duct tapes offer excellent durability and increased holding power as compared to other filament tape alternatives, making them the most preferred adhesive tape type in the market. The increase in demand for duct tapes can be related to increased repair & maintenance works across all industries.

Customized Duct Tapes to Remain Highly Sought-after

Customization and personalization are major trends prevailing in duct tapes market. Along with industries, customers are also attracted towards the product that have the company’s brand name, logo or some other unique identification marks.

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To meet the advanced needs of globally renowned brands, the trend of customization is largely followed in the duct tape market. Manufacturers of duct tapes are offering customized duct tapes to large corporate clients as per requirements, having a brand name or logo printed on the tapes. Also, they market it as a cost-effective marketing tool as compared to printed boxes and other packaging materials.

The customization trend is anticipated to grow over the forecast period and offer growth opportunities to duct tape market players.

Duct Tapes Market Landscape

3M Company, Intertape Polymer Group Inc., Shurtape Technologies, LLC, Berry Global Group Inc., Tesa SE Group, SICAD S.p.A., PPM Industries S.P.A., Pro Tapes & Specialties, Inc., Scapa Group plc. are the top players operating in the target market. Furthermore, Ajit Industries Private Limited (AIPL), Supertape BV, and Vibac Group S.p.A., are leading players in the market. The Tier 1 players in the market hold 05-10% in the global market for duct tapes.

Duct Tapes Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for duct tapes, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals market growth projections on the duct tapes based on product type (removable duct tapes, professional grade duct tapes, utility duct tapes, and specialized duct tapes), adhesive type (natural rubber based adhesives and synthetic rubber based adhesives),

backing type (plastic (polyethylene, polyvinyl chloride, and polyester), foil, and cloth), application (sealing, repairing, holding, waterproofing, coding, strapping, splicing, and others), thickness (<10 Mil, 10 to 15 Mil, and >15 Mil), and end use industry (HVAC, building & construction, shipping & logistics, automotive, electrical & electronics, and DIY activities) across seven regions.

Future Market Insights (FMI) delivers key insights on the global copier paper market in its published report, titled “Copier Paper Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027”. Globally, the revenue generated from the sales of copier paper is estimated to be around US$ 14,278.9 Mn in 2018, and is projected to expand at a CAGR of 1.2%, during the forecast period 2018-2027. This can be attributed to numerous factors, about which Future Market Insights offers thorough insights and forecast in the copier paper market report.

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Copier Paper is a light-weight paper used for copying, writing, and printing in either commercial or consumer applications. Copier paper falls under the category of uncoated freesheet grade and is used interchangeably with printing paper for everyday printing needs. Using copier paper instead of printing paper does not make much of a difference for written content but for image printing, a thicker printing paper sheet needs to be used. Copier paper can be made out of virgin as well as recycled pulp. Leading manufacturers of copier paper such as Nine Dragons Paper, Nippon Paper, and Domtar Corporation, use recycled pulp for the production of copier paper.

FMI Key Findings

• Among the various thicknesses, the 50-80 GSM segment is witnessing higher growth and is projected to have a positive outlook during the forecast period. It is the most commonly used thickness for everyday commercial as well as consumer printing needs.
• Virgin copier paper holds a significant share in the copier paper market, but with the rising environmental concerns, manufacturers are using recycled pulp for copier paper production. For instance,
  • Nine Dragons, one of the leading paper manufacturers, primarily uses recycled paper as the main raw material source. The company recycles over 10 million Tonnes of fiber annually.
• The advent of digitalization has impacted the overall graphic paper market adversely. The growth in demand for copier paper has slowed down in recent years. With the increased penetration of electronic devices and easier access to the internet, reading content online has become a trend, and electronic devices are being substituted for hard-copies. This is expected to hamper the demand for copier paper during the forecast period. However, there is a steady demand for copier paper among educational institutes as well as offices. The degree of substitution is relatively low in scientific and technological content.
• The A/4 segment in the global copier paper market is the most preferred paper size for copier paper, followed by the A/3 segment. Most of the commercial copying is done using A/4 copier papers.

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Developing Economies to Fuel the Demand for Copier Paper During the Forecast Period

Despite facing a decline in the developed markets, copier paper has seen an increase in demand in the developing economies. This can be attributed to the growing number of students in rural as well as urban areas. Overall, the Asian copier paper market is anticipated to show strong growth throughout the decade.

Apart from Japan, the Asian market is expected to grow at a healthy CAGR. Latin America and Africa also represent attractive opportunities for growth. Paper manufacturers are performing strategic mergers and acquisitions to expand their presence in these markets and leverage the most out of the landscape. Consolidation is seen as a key strategy at the aggregate level, as paper manufacturers understand the declining nature of the market.

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The key players in the global copier paper market are International Paper Company, North Pacific Paper Company, South Coast Paper LLC, UPM-Kymmene Oyj, Domtar Corporation, Nippon Paper Industries Co., Ltd., Mondi Group plc, Stora Enso Oyj, Smurfit Kappa Group Plc., Oji Holdings Corporation, Lisgop Sikar L’td., Georgia-Pacific LLC, Nine Dragons Paper (Holdings) Limited, Sappi Limited, Metsa Board Corporation, Daio Paper Corporation, Pratt Industries, Inc., Svenska Cellulosa Aktiebolaget (SCA), Packaging Corporation of America (Boise Paper), and Rolland Enterprises Inc.

Many local and unorganized players are anticipated to contribute to the global copier paper market during the forecast period.

For more information and insights on the copier paper market, Future Market Insights analysts are available for discussions at press@futuremarketinsights.com

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

Steel drums have emerged as preferred rigid packaging solutions as they are increasingly used for transporting hazardous and non-hazardous material. According to a study by Future Market Insights (FMI), the steel drums market is forecast to register steady growth on the back of increasing applications in industries such as chemicals, food & beverages, petroleum & lubricants, healthcare & personal care, building & construction, paints, inks, & dyes, and others. Driven by this, the steel drums market is forecast to reach nearly US$ 11. 4 Bn by 2021.

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Steel Drum Market Landscape :
Greif Inc., Mauser Packaging Solution, and SCHÜTZ GmbH & Co. KGaA are the top players operating in the steel drum market. Furthermore, Time Technoplast Ltd., Balmer Lawrie & Co. Limited, Nippon Steel Drums Co. Ltd., are some of the companies operating in the steel drum market. The Tier 3 players in the market hold 75-80% in the global steel drum market.

Growth forecast for the market remains positive in response to the consistently rising demand for safe & secure and cost-effectiveness solutions. Steel drums are often preferred for transporting chemicals because they are environmentally friendly, fire resistance, and have various other advantages. Considering the availability, steel drums are available in two different materials, stainless steel and carbon steel. Of these, carbon steel is preferred more.

“Companies operating in the market are focusing on improving designs of steel drums to make them more light-weight, efficient, and cost-effective. Also they are focusing on expanding footprint via strategic collaborations,” says an FMI analyst.

Over the past few years, the steel drum is gaining popularity among various end-use industries especially for storage and transportation of liquid materials as it offers safe and secure packaging solution. Also, rising concerns about sustainability is creating growth opportunities. Future Market Insights forecasts the market to continue growing at a positive rate between 2021 and 2031.

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Key Takeaways from Steel Drum Market:
Driven by rising demand for effective packaging solutions, steel drums market will rise at 5% CAGR between 2021 and 2031

Within the U.S., the chemicals industry will account for maximum sales of steel drums

Moderate growth is likely in the U.K. market, driven by increasing application in chemicals and petroleum & lubricants industries

Germany and France will remain highly lucrative markets for steel drums within Europe

Exceptional growth is likely in China, as demand continues increasing across diverse industries including chemicals, paints, inks & dyes, and petroleum & lubricants sectors

Steel Drum Market by Category-

Capacity:
55 Gallon Steel Drum
Other than 55 Gallon Steel Drum

Head Type:
Tight Head Steel Drum
Open Head Steel Drum

Material:
Carbon Steel
Stainless Steel

End-Use:
Chemicals
Petroleum & Lubricants
Paints, Inks, & Dyes
Food & Beverages

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Rise in Demand for Steel Drum in Chemical Sector Augmenting Sales :
The demand for steel drums in the chemical industry is rising due to the changing way of industrial packaging solution by pooling and leasing the containers and drums. The standards for using steel drums are set by various countries and various regulations such as the U.S. Department of Transportation (DOT), United Nations regulations. Majorly the steel drums are used by the chemical industry to store and transport hazardous and non-hazardous materials.

Also, the steel drum offers high safety and easy warehousing benefit which bolster their demand in the chemical industry. The steel drum is highly used for liquid chemicals in the global industrial packaging market. The chemical segment is expected to hold more than 35% of the steel drums market and estimated to witness faster-growing demand in the next five years, owing to favourable transportation regulations and international trad

Rising at a CAGR of 3.8% in terms of value, the PET preforms market is forecast to rise at a steady pace between 2020 and 2030. Future Market Insights (FMI) in its latest study has forecast growth opportunities to spur especially with industries taking measures to reduce the harm done to ensure maximum safety of the environment. Key players in the beverage packaging industry are updating the manufacturing processes and shifting to recycling programs.

In order to reduce carbon footprint, a shift in the trend is seen with respect to PET bottles. Bottles made from recyclable material is gaining a lot of traction in the market. Leading players in the industry are opting for beverage bottles made from recycled-PET materials in order to achieve sustainability of raw materials.

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Additionally, this shift helps the companies improve their brand image in the eyes of the customers. Big players such as Coca Cola, Nestle and others proudly source a significant amount of its consumption from recycled materials.

Growing significance for sustainable packaging solutions with recyclable materials is driving the global PET preforms market. FMI offers a comprehensive overview of the market in its recent studies.

Key Takeaways from the Report

• PET preforms for bottles with capacity up to 500 ml to 1000 ml are expected to be the most lucrative segment by capacity type, during the forecast period of 2020-2030
• Beverages industry is expected to be the largest consumer of global PET preforms demand by 2030 year end
• Besides beverages, manufacturers across industries such as food, pharmaceutical, and home care too are taking steps towards sustainability, in turn fuelling demand for PET preforms for packaging
• North America is the most lucrative market for PET preforms, closely followed by Europe
• East Asia is expected to see the highest growth during the forecast period

“At a time when regulations are implemented to curb dependence on plastics for packaging, manufacturers within the PET preforms market are exploring recyclability of the material to stay relevant. PET remains widely used plastic today and manufacturers are focusing on various applications of recycled PET to counter threats” said a lead analyst at FMI.

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Covid-19 impact

Covid 19 pandemic outbreak and the restrictions put forth because of it have impacted global PET preforms market heavily. The market is seeing a considerable decline in demand owing to lockdowns implemented across the world.

The spread of the novel corona virus across globe has disrupted supply chains, impacting packaging industry as well. As productions came to a standstill and transport became impossible due to lockdown restrictions, the industry suffered heavy losses.

Furthermore, shortage of raw materials and absence of labors and skilled workers from plants has aggravated the situation. Unfavorable market conditions, as consumer has become skeptical about his spending have added to the woes of the market.

However, the demand for PET preforms is expected to witness significant growth in the first quarter of 2021, as manufacturing activities resume and demand for PET preforms from end user industries restores to normal.

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Who is winning?

Key players are expected to hold almost 20 % of the global PET preform market. However, market is highly fragmented and small and medium sized companies are predicted to contribute to the 80% of the remaining market.

Few key players in the PET preforms market are ALPLA Werke Alwin Lehner GmbH & Co KG, Plastipak Holdings, Inc., and Logoplaste UK Ltd., etc. are the top players operating in the PET preforms market. Furthermore, Retal Industries Ltd, Resilux NV, Societe Generale Des Techniques (SGT), Taiwan Hon Chuan Enterprises Co., Ltd., etc

To know more about PET Preforms market

Future Market Insights, in its new report, offers an unbiased analysis of the global PET Preforms market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the PET preforms market on the basis of capacity (Up to 500 ml, 500 ml to 1000 ml, 1000 ml to 2000 ml, and more than 2000 ml), neck type (ROPP/BPV, PCO/BPF, Alaska/Bericap/Obrist, and others), end use (beverages {bottled water, carbonated drinks, RTD Tea & Coffee, juice, sports drinks, other soft drinks, and alcoholic drinks}, food, personal care, pharmaceuticals, home care, and others) across seven regions

Retail e-commerce packaging is gaining increased traction owing to expanding e-commerce sector. The cross border shopping has picked up steam and is pushing the growth of the e-commerce sector. This in turn has led to the emergence of innovative packaging solutions, thus giving a boost to the global retail e-commerce packaging market. Several key players in the market are focusing on developing efficient packaging solutions with a view to promote safety of the product, marketing of the product as well as enhance the visibility of the product.

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“Retail E-Commerce Packaging Market: Global Industry Analysis (2013-2021) and Opportunity Assessment (2022-2028),” a new research report by Future Market Insights covers present and future projections of the global market. According to this research, the global market is poised to grow at a steady CAGR throughout the period of assessment and is estimated to reflect a market valuation of more than US$ 21 Bn by the end of the year of assessment.

Global Market for Retail E-Commerce Packaging: Factors Influencing Growth

Several factors are pushing the growth of the global retail e-commerce packaging market. To name a few, aspects such as increasing cross-border shopping and parcel delivery driving the demand for retail e-commerce packaging products, increasing penetration of e-commerce in tier 2 and rural areas, increasing adoption of e-commerce by retail chains, medium business to consumer business as well as in small scale B2C businesses, rising consumer preferences towards inexpensive and reusable components that are easy to load and reload and development of innovative packaging solutions driving the sales owing to increased customer satisfaction thus pushing the growth of e-commerce packaging are contributing to the growth of the global retail e-commerce packaging market.

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Global Market for Retail E-Commerce Packaging: Key Segmental Highlights

The global retail e-commerce packaging market is segmented on the basis of product type, market type, merchandise type and by region.

• By market type, the third party fulfilment and logistics companies segment is the largest and expected to showcase high market attractiveness. This segment is expected to lead the global market with a high market valuation by the end of the year of assessment
• By region, Asia Pacific excluding Japan (APEJ) shows high lucrativeness. The retail e-commerce packaging market in this region is projected to grow at a significant CAGR and is estimated to reach a value of more than US$ 7700 Mn by the end of the forecast period. The retail e-commerce packaging market in Latin America is projected to grow at the fastest rate in the coming years
• By product type, protective packaging segment is projected to grow at a high rate throughout the period of assessment and also reflect a high market value by the end of the assessment year (2026) and is a highly lucrative segment. The boxes segment is the second largest in terms of market strength
• By merchandise, the food and beverage segment is projected to grow at a higher pace as compared to other merchandise segments during the period of forecast. The fashion (clothing, footwear, etc.) segment is expected to dominate the global market with a high valuation of more than US$ 6 Bn by the end of the year of assessment (2026)

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Global Market for Retail E-Commerce Packaging: Competition Analysis

The research report on global retail e-commerce packaging market includes a separate section on competitor analysis. It covers various aspects of the companies involved in the global retail e-commerce packaging market. Major players such as Dynaflex Private Limited, Intertape Polymer Group, WestRock Company, 3M Co., Sealed Air Corporation, Mondi plc., International Paper Company, Georgia-Pacific LLC, Pregis Corporation and DS Smith Plc., are profiled in this exhaustive research report.

For more insights and intelligence on the global retail e-commerce packaging market, write in to Future Market Insights analysts at press@futuremarketinsights.com

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