Market Research Blog

Future Market Insights (FMI) delivers key insights on the global packaging foam market in its published report titled “Packaging Foam Market: Global Industry Analysis 2012-2017 and Opportunity Assessment 2018-2026”. In terms of revenue, the global packaging foam market is projected to expand at a CAGR of 5.5% during the forecast period, owing to numerous factors on which FMI sheds light in this report. In terms of volume, the global packaging foam market is anticipated to register a CAGR of 5.2%, during the forecast period. The Asia Pacific packaging foam market is expected to remain in the leading position during the forecast period

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Packaging foam is used for protective packaging solutions and is suitable for lightweight products. Packaging foam is made by trapping pockets of gas in liquids or solids. The increase in technological developments in packaging has resulted in the growth of the global packaging foam market. The advancements in the transportation industry are positively affecting the growth of the global packaging foam market.

In this report, Future Market Insights suggests that the growth of packaging foam market can be mainly attributed to the contributions from emerging economies like India and China in the APEJ region. The packaging foam market in China is expected to be at the forefront, spearheading the growth of packaging foam, during the forecast period.

According to the research by Future Market Insights, the demand for packaging foam has witnessed rapid growth in China in the past couple of decades. The APEJ region is characterized by a robust political, demographic, and economic ecosystem of the leading emerging economies and a rapidly growing packaging foam market in the region will lead to optimum growth levels in the coming decade.

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Packaging Foam Market

End users of packaging foam such as automobile, construction, food & beverages, consumer electronics, and homecare & personal care industries are increasingly adopting foams in packaging to increase the safety level of their products. The increase in the manufacturing activity and industrial output has led to the growing sales of packaging foam. Manufacturing activity and industrial output remain vital to both, the developed and the developing economies.

Such activities contribute to exports, research and development, and productivity which will lead to mature markets in various nations. In emerging economies, the increase in the consumption of end products due to a change in living standards and growing income has created new market opportunities for packaging foams. The revenue generated from packaging foam in the Asia Pacific Excluding Japan (APEJ) region is estimated to account for over 42.2% of the global packaging foam market.

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E-commerce is the prime consumer of the packaging foam industry. The retail environment in developing countries such as China, India, and Malaysia has experienced a massive transformation with a significant increase in the number of retail formats such as hypermarkets, supermarkets, convenience stores, and retail e-commerce which have led to the growth of the global packaging foam market.

The rising Internet penetration across the globe has witnessed a continuous shift in the purchasing pattern of an individual and has increased the awareness among the people to use the packaging foams for the safety of products. Along with growing disposable incomes and lesser time spent on shopping manually, e-tailing is gaining massive traction among individuals. In addition to this, e-commerce has reduced the destination barriers which have fuelled cross-border retailing among high-net-worth individuals.

Moreover, rising smartphone penetration and ease in the availability of the Internet are considerably driving the growth of packaging foams. Therefore, the continuous growth in the e-commerce industry along with an increase in mobile shopping is expected to drive the growth of the packaging foams market. Manufacturers and retailers use simplified designs, lightweight packs, and recyclable materials for transportation of the products.

Key players of global packaging foam include Armacell JSP Zotefoams Plc. BASF SE Sealed Air Corporation Synthos SA Rogers Corporation Kaneka Corporation Arkema Foampartner Group.

Riding on the steady demand over the recent past due to the successful intervention of industrial automation, automatic folding gluing machines hold clear dominance over semi-automatic counterparts in the folding gluing machines landscape. Steady adoption of semi-automatic folding gluing machines however prevails among SMEs targeting higher production line efficiency.

A new research intelligence report published by Future Market Insights offers a deep-dive view of the folding gluing machines landscape, delivering exclusive insights on the most impactful push and pull factors associated with revenue growth.

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Key Insights Drawn from the Global Folding Gluing Machines Market Report

The global revenue through folding gluing machines will surpass a value of US$ 5 Bn by this year’s end, witnessing a moderate Y-o-Y growth of around 4% over 2017. Straight line and crash lock fold types of folding gluing machines collectively hold a massive value share of over 60%. Food and beverages register maximum consumption of folding gluing machines. Highest growth potential exists in Asia Pacific, in terms of adoption of folding gluing machines.

Sales of automatic folding gluing machines account for more than 80% of the total market revenue. Introduction of more compatible, communicative, and ergonomically designed folding gluing machines is trending the market, targeting enhanced productivity at reduced costs. Customized corrugated packaging trend in the E-commerce/E-tail world is playing a vital role in fueling sales of innovative folding gluing machines.

Convenience Foods Uphold F&B to Remain Largest End Use Sector Utilizing Folding Gluing Machines

In 2017, the global consumer expenditure on food and beverage products was registered roughly around US$ 6.5 trillion, i.e. nearly 8.5% of the GDP. F&B sector accounts for a remunerative 55% share in the folding gluing machines landscape, according to the Future Market Insights’ study.

Food sector, the top consumer of folding gluing machines, is witnessing a prominent push to revenue generation through dry foods and snacks segment. “The popular wave of processed, packaged, and convenience foods is substantially driving the demand for folding gluing machines worldwide, especially in developing Asian economies where the growth is likely to be concentrated in the near future,” explains a senior research analyst at FMI.

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Moreover, frozen and chilled food products are contributing a sizable revenue share to folding gluing machines market. The analyst uncovers, “Non-alcoholic beverages continue to bring in lucrative business opportunities for folding gluing machines manufacturers, enabling beverages segment to secure the second end user sport in folding gluing machines market”.

Rewarding Opportunities Reside in APAC, 1/3rd of Region’s Revenue Belongs to India & ASEAN Countries

The regulatory bodies based in Asian economies are pushing investments in manufacturing sector which have been translating into steadily growing demand for folding gluing machines in recent years. As reported by FMI’s study on global folding gluing machines landscape, India and ASEAN countries collectively account for around 1/3rd share in Asia Pacific’s market value.

Strong presence of a large number of F&B manufacturers within the region are predominantly shaping the adoption pattern of folding gluing machines. Moreover, India’s per capita packaging consumption was on an average 5.5 kg in 2017, pointing to an ample opportunities for folding gluing machines adoption.

Western European market for folding gluing machines is driven by favorable orientation of manufacturers towards industrial automation. North American market is however expanding at a relatively lower pace owing to consistently falling beverage consumption levels.

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Leading manufacturers of folding gluing machines are investing considerable R&D efforts in innovating existing product lines for a decent competitive edge. While reduction of the overall change-over time takes up the spotlight, advanced technology integration also remains one of the key strategies of companies. MNCs are prudently focusing on tapping in to lucrative opportunities in developing Asian economies. Merging with regional leaders or acquiring unorganized regional players are currently the preferred strategic moves of manufacturers of folding gluing machines. FMI’s report on global folding gluing machines market provides deep dive insights on the competitive landscape and various other aspects related to the folding gluing machine landscape. Reach out to us at press@futuremarketinsights.com

Future Market Insights (FMI) delivers key insights on the global packaging additives market in its published report titled “Packaging Additives Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2026”. In terms of revenue, the global packaging additives market is estimated to grow at a CAGR of 4.3% during the forecast period, owing to numerous factors on which FMI sheds light in this report. The Asia Pacific packaging additives market is expected to remain in the leading position during the forecast period.

In the packaging industry, packaging additives have prominent applications in end-use industries like food and beverages and pharmaceuticals. The rise in disposable income and increase in economic growth are the significant factors driving the growth of the global packaging additives market. One key driver in the global packaging additives market is the expansion of convenient packaging and food industry in various emerging countries across the globe.

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The packaging industry in regions such as North America and Europe is highly mature and supports manufacturers to promote market growth in other regions. Growth opportunities in the packaging additives market due to the variation in the food consumption habits in regions such as Middle East and Asia Pacific excluding Japan is prompting various leading manufacturers of packaging additives to set up the production units in this regions.

Packaging Additives Market

In this report, Future Market Insights suggests that packaging additives will play a major role in the food & beverage industry during the forecast period. With a rise in demand of packaged food items in the industry, there will be enormous demand of the packaging additives market.

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The research also suggests that the beverage sector segment in packaging additives is anticipated to be one of the highest contributors to the growth of the packaging additives market. The pharmaceuticals and health sector is also anticipated to witness high growth in the packaging additives market during the forecast period.

The growth of packaging additives can mainly be attributed to the contributions of emerging economies in North America such as the U.S. and Canada. The U.S. is expected to be at the forefront, spearheading the growth of the packaging additives market, during the forecast period. According to the research by Future Market Insights, the U.S. packaging additives market has witnessed rapid growth in the past couple of decades.

As per volumetric analysis, the plastic sub segment in the substrate segment is projected to dominate the packaging additives market.  So, packaging additives manufacturers are looking forward to developing such biodegradable bioplastics that will reduce the carbon footprint.

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The companies involved in the manufacturing of packaging additives are focusing on enhancing their production capacity by establishing new production units. The key motive is to have a worldwide presence through collaborations, acquisitions, or by exports in the packaging additives market. The manufacturers of packaging additives are likely to eye the lucrative regions of North America and the Asia Pacific in the coming years. Various vital players find regions such as the Asia Pacific and Middle East & African attractive to develop packaging additives plants in the coming years.

Some of the key drivers for the growth of the global packaging additives market include growing demand from the food & beverage industry due to its biodegradable nature. The packaging additives market in Asia Pacific Excluding Japan (APEJ) is expected to create the highest incremental $ opportunity during the forecast period and is expected to grow at a significant pace in the coming years. The revenue from the packaging additives market in North America is estimated to account for over 21.9% of the global packaging additives market revenue in 2018.

Key players considered in this report on global packaging additives market include AkzoNobel N.V. ALTANA Group, Arkema, BASF SE, ColorMatrix Group, Flint Group, Henkel, Huber Group, Lubrizol Corporation, PPG Industries Inc, Sun Chemical Corporation, Valspar Corporation, Wacker Chemie AG, Evonik

Many unrecognized and local players are expected to contribute to the global packaging additives market during the forecast period.

Future Market Insights delivers vital insights on the Sack fillers market in its report titled “Sack Fillers Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2027”. In terms of revenue, the global sack fillers market is projected to expand at a CAGR of 5.3% during the forecast period.

Sack fillers are equipment employed to fill products into sacks. Sack fillers can be horizontal or vertical and are widely used in industries such as food, agriculture, chemical, fertilizers, building & construction, and others. On the basis of technology type, Sack fillers are classified as semi-automatic sack fillers and automatic sack fillers. Also, Sack fillers have different filling capacity such as, below 500 bags/hr, 500-1000 bags/hr, 1000-1500 bags/hr, and more than 1500 bags/hr.

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In the report, FMI suggests that the 500-1000 bags/hr segment by capacity type is expected to play a critical role in the demand for sack fillers during the forecast period. The rapid expansion of end-use industries across the globe will be triggering the growth of the global sack fillers market during the forecast period.

Europe is expected to dominate the global sack fillers market with the largest market share and projected to register significant growth rates in the sack fillers market during the forecast period. Germany is expected to have the largest market share in Europe, owing to the high preference of sack fillers by end-use industries.

Sack Fillers Market Key Segments

By Technology Type

• Semi-automatic sack fillers
• Automatic sack fillers

By Machine Type

• Horizontal sack fillers
• Vertical sack fillers

By Capacity

• Below 500 bags/hr
• 500-1000 bags/hr
• 1000-1500 bags/hr
• More than 1500 bags/hr

By End Use

• Food
• Agriculture
• Chemicals
• Fertilizers
• Building and Construction
• Others

Regional Analysis

• North America
  • U.S.
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Europe
  • Germany
  • France
  • U.K.
  • Spain
  • Italy
  • Rest of Western Europe
• APEJ
  • China
  • India
  • Australia & New Zealand
  • ASEAN
  • Rest of APAC
• Japan
• MEA
  • GCC Countries
  • Turkey
  • South Africa
  • North Africa
  • Rest of MEA

Latin America and MEA are expected to be promising markets in the global sack fillers market. Emerging economies in the Middle East & Africa (MEA) and Latin America, specifically Brazil and Mexico, are expected to represent high incremental opportunities due to the increased penetration of sack fillers into end-user industries. Overall, the global outlook for sack fillers is expected to remain positive during the forecast period.

The companies involved in the manufacturing of sack fillers lay emphasis on enhancing the efficiency of the machines and increasing their global footprint through acquisitions and expansions. The manufacturers of sack fillers are likely to eye the profitable region of Asia Pacific excluding Japan (APEJ) in the coming years. Mass urbanization in these countries, coupled with the improved standards of living, is expected to be among the key driving forces behind the growth in the demand for sack fillers.

The Volume for the Global Sack Fillers Market is Expected to Expand 1.55X over the Forecast Period

Detailed profiles of sack fillers manufacturers are also included in the report to evaluate their strategies, key product offerings, financials, and recent developments. Key players operating in the global sack fillers market include Robert Bosch Packaging Technology GmbH, Haver & Boecker Company, Webster Griffin Ltd., Payper, S.A, Concetti S.P.A, Barry-Wehmiller Companies, Fres-co System USA, Inc., Wolf Verpackungsmaschinen GmbH, Imanpack Packaging, Statec Binder GmbH, Hassia-Redatron GmbH, All-Fill Incorporated, Premier Tech Chronos, Mondial Pack S.r.l, and Inpak Systems, Inc., among others.

Future Market Insights delivers vital insights on the metallized film market in its report titled “Metallized Film Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028“. In terms of revenue, the global metallized film market is projected to expand at a CAGR of 5.1% during the forecast period.

Metallized films are polymer films coated with a thin layer of metal, mostly aluminum. They offer barrier properties against moisture, light and oxygen at reduced cost and weight. Hence, metallized films are widely used for packaging, decorative purposes, laminations, labelling and insulation.

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In the report, FMI suggests that the packaging segment by application type is expected to play a critical role in the growth in the demand for metallized films during the forecast period. Increasing usage of packaged foods across the globe is triggering the growth of metalized films as high barrier films for packaged food and others.

The APEJ region is expected to spearhead global growth in the metallized film market. The presence of radially emerging economies, large urban population and increasing living standards are expected to be the critical drivers for the growth of the metallized film market in the APEJ region.

According to FMI, the packaging segment by application type is expected to have the largest market share in the metallized film market in the region due to the increasing use of metallized films as barrier films and expansion of end user industries such as food & beverage, pharmaceutical, cosmetics & personal care, automotive, electrical & electronics and others. China is expected to dominate the APEJ metallized film market with a large market share. In terms of growth rate, India is expected to outpace other countries in the APEJ region.

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Western Europe and North America are projected to register significant growth rates in the metallized film market during the forecast period. The U.S. in North America and Germany in Western Europe are expected to have the largest market shares, owing to the higher preference of metallized films as barrier films by end-use industries. The high growth of ready-to-eat meals and processed food, which require premium packaging, is expected to create significant demand for metallized films during the forecast period.

Latin America and MEA are expected to be promising markets in the global metallized film. Emerging economies in Northern Africa and Latin America, specifically Brazil and Mexico, are expected to represent high incremental opportunities due to the increased penetration of metallized film into end-user industries. By product type, the metallized PP segment is expected to account for a larger market share in Latin America and MEA regions during the forecast period.

Japan accounts for a smaller share in the global metallized film market. However, increasing penetration of end-use industries in Japan is expected to create substantial demand for metallized films during the forecast period. The Eastern Europe region is projected to expand with a lucrative growth rate in the metallized film market during the forecast period.

The companies involved in metallized film manufacturing lay emphasis on enhancing the barrier properties of metallized films and on increasing their global footprint through acquisitions and expansions. The manufacturers of metallized films are likely to eye the profitable region of Asia Pacific excluding Japan (APEJ) in the coming years. Mass urbanization in these countries, coupled with the improved standards of living, is expected to be among the key driving forces behind the growth in the demand for metallized films. Overall, the global outlook for metallized film market is expected to remain positive during the forecast period.

Key players operating in the global market for metallized film include Bemis Company, Inc., Uflex Ltd., Jindal Poly Films Limited, Klöckner Pentaplast Europe GmbH & Co. KG, AR Metallizing N.V., Treofan Group, Cosmo Films Ltd, Toray Plastics (America), Inc., Dunmore Corporation and SRF Limited, among others.

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Vision inspection systems are the new update to the industry of automation and its demand is propelled with the necessity of carrying out error free operation of medication pouch dispensing machine. The revelations are made in a new research report by Future Market Insights, titled ‘Medication Pouch Inspection Systems Market Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028‘. The future of these pouch inspection systems is predicted to be highly lucrative with the ease in the process it provides, which is carried out at a high speed and also with a high rate of accuracy.

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Increasing Demand for Accuracy in Medication Dispensing to Boost Sales

Most of the medication pouch inspection systems are capable of performing inspection with around 98% accuracy, which means that only around 2 out of 100 pouches are needed to be inspected by pharmacists. In addition to reducing the probability of error in medication dispensing, medication pouch inspection systems accelerate the productivity at pharmacies, eventually cutting down on the requirement of additional workforce. With growing demand due to such attributes, the market is likely to reach a value of over US$ 55 Mn by the end of 2028ion pouch inspection systems market is estimated to observe a healthy CAGR of 7.6%.

Technological Innovation Remains on Market Players‘ Agenda; Integration of Inspection Systems with Dispensing Machines

Consistent advancements in the industry have been introducing innovative machines to the marketplace. TCGRx has come up with a new machine that inspects medication pouches at 12 parameters, including surface of tablet, length, width, distance to center, length, width, contour, roundness, standard color deviation, sequence, and more.

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A number of leading companies are working on the integration of inspection systems with dispensing machines in order to reduce additional costs of individual units. Companies such as Rowa, RxSafe LLC have brought in their own integrated versions of the machines. The medication pouch inspection system provided by JVM Co., Ltd. are integrated with medication registering systems which store data about medication pouches that have been inspected by the machine.

Strategic collaborations and partnerships with pharmacy automation companies are among the top strategies adopted by leading players competing in the global medication pouch inspection systems market.

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MEDICATION POUCH INSPECTION SYSTEMS MARKET TAXONOMY

The global medication pouch inspection systems market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Machine Type

• Automatic
• Table Top

By Maximum Operating Speed

• Up to 50 ppm
• 50-75 ppm
• Above 75 ppm

By End User

• Retail Pharmacy
• Hospital Pharmacy
• Long-Term Care Pharmacy
• Mail Order Pharmacy

Region

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

Future Market Insights (FMI) delivers key insights on the global sealant web films market in its published report titled “Global Sealant Web Films Market Forecast, Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028”. In terms of revenue, the global sealant web films market is estimated to expand at a CAGR of 4.1% during the forecast period, owing to numerous factors on which FMI sheds light in this report.

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Sealant Web Films Market: Analysis & Forecast

Multilayer packaging films have benefits over mono-layer packaging ones due to their efficiency and durability during transportation. Sealant web films are used for both, to laminate a packaged product and to make bags & pouches from it. Sealant web films with multilayer packaging should have low melting point so that they can be heat-sealed easily. Sealant web films are used in the food & beverage packaging industry. Hence, sealant web films that do not react with food are especially manufactured. Sealant web films are made up of heat sealable materials like polyolefin, resulting into a better performance of the multi-layer film.

Sealant web films maintain integrity of packaging and protect its contents from leakage and degradation. Sealant web films are usually used in the inner-most layers of packaging films to enhance their performance and sealing strength. Barrier protection is a necessary factor for maintaining the aroma & flavor of food, but it is much more beneficial to add sealant web films in co-extruded films or to laminate the packaged product with them. Introduction of varieties such as metallized films and bio-based films in sealant web films are Changing preferences of brand owners and manufacturers. Sealant web films, when metallized, have converted a 3-ply structure of a film into 2-ply structure which is a crucial factor in technical specifications of a product.

The food & beverages segment is estimated to have the highest growth rate and market share in the upcoming years in the sealant web films market, as per the increasing consumer demands & need for convenient packaging solutions. Sealant web films are expected to have an incremental opportunity in the food sector, as sealing is an essential factor for viscous products.

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Global sealant web films market has been segmented as per material type, thickness type, application, and end use. On the basis of material type, sealant web films market has been classified into low density polyethylene (LDPE), linear low-density polyethylene (LLDPE), poly lactic acid, ethylene vinyl acetate, ethylene vinyl alcohol, and polypropylene. Ethyl vinyl acetate is used as a sealant web film material, as it has high clarity & gloss that adds value to its toughness.

Polypropylene is usually used as a sealant web film material for steam sterilization applications. On the basis of thickness type, sealant web films market has been segmented into -less than 15 microns, 15-35 microns, 35-50 microns, and above 50 microns. On the basis of application, sealant web films market has been segmented into bags, flat pouches, and stand up pouches.

On the basis of end use, sealant web films market has been segmented into food & beverages, pharmaceuticals, cosmetics & personal care, textile, electronics & electrical, and homecare products. The classification of the sealant web films market is done on the basis of the sealant material used in a packaging film. Sealant web films are used to manufacture bags and pouches for retail and industrial purposes.

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The sealant web films market is estimated to have high growth in the upcoming years due to a high requirement for sealing and an increment in the transportation of variety of products. Key manufacturers in the sealant web films market are coming up with innovative packaging solutions using sealant web films. Variety in stand-up pouches and other consumer convenient bags are introduced for consumer preferences.

Sealant Web Films Market: Competitive Landscape

Toray Industries Inc., Berry Global Inc., Plastic Suppliers Inc., Jindal Poly films Ltd., Polifilm GmbH, Bemis Company Inc., DIC Corporation, Dai Nippon Printing Co., Ltd., Dow DuPont Inc., and Avery Dennison Corporation.

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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

Increasing demand for aseptic packaging in the pharmaceutical industry is projected to be a critical factor driving the sales of blow-fill-seal equipment-required for packaging forms including vials, bottles, prefilled syringes, and ampoules. Moreover, unique ability of blow-fill-seal equipment to pack formulated drugs in clean and contamination free environment, without any human interface, thereby increasing the product safety, is also projected to increase the demand for blow-fill-seal equipment, during the assessment period 2018-2028.

Other than liquid filled containers, packaging of different types of ointments, gels, and food products including soft drinks and milk products, is also expected to influence the global blow-fill-seal equipment market. However, the pharmaceutical industry is evaluated to hold a lion’s share to the tune of nearly 90% of the global blow-fill-seal equipment market.

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As per a recently released market analysis by Future Market Insights, the global blow-fill-seal equipment market is anticipated to expand at a high CAGR of 5.9% and reach a valuation of US$ 7,692. 9 Mn, poised to grow by an impressive 2.2X by the end of the forecast period.

Ever since the inception of blow-fill-seal equipment, the technology has remained a sustainable process for packaging biological products, considering its aseptic nature and high automations and low production errors. Moreover, increasing pharmaceutical demands for efficient drug packaging through smaller batch size production, efficient time-to-market, and less API waste would also drive the blow-fill-seal equipment market.

Given the risks associated with glass vials and syringes, plastic for blow-fill-seal equipment is evaluated to dominate the global blow-fill-seal equipment market. Chances of either glass fragments entering the patient’s body or glass packaging breaking during production or transportation are some key factors complementing the demand for plastic containers made though blow-fill-seal technologies.

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To address packaging limitations including delamination (flaking) and breakage, the pharmaceutical industry is also moving towards alternative packaging formats like polymer containers, enabling a broad array of designs similar to blow-fill-seal packaging. Additionally, universal acceptance of blow-fill-seal equipment and technologies by various global authorities including FDA, EMEA, and USP will further boost the growth of global blow-fill-seal equipment market.

“The Food and Drug Administration’s (FDA’s) has characterized blow-fill-seal technology as an advanced aseptic processing machine. Government and regulatory bodies’ positive nod to BFS technology in the packaging of liquid products is a critical factor driving the blow-fill-seal equipment market, globally. However, high initial set up cost including operator training, establishing technology-specific quality systems, allocation of validation resources is projected to restrict the sales of blow-fill-seal equipment in the global market”, Lead Analyst, Packaging Industry, Future Market Insights

FMI predicts further increased adoption of blow-fill-seal equipment in the next five years, considering growing acceptance in the beverages packaging industry for in-house container development and filling. Customized blow-fill-seal equipment are expected to eliminate the need for raw material warehousing along with handling process, especially in cold drink companies looking for efficient and economical in-house BFS packaging facilities.

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Moreover, enhanced sealing and leak proofing offered by blow-fill-seal equipment is projected to drive the market, as it would further reduce the material and time consumption during secondary packaging in pharmaceutical and F&B industries. Given to the growing demand of blow-fill-seal equipment for clean packaging, manufacturers are developing highly efficient with high output capacity. Increased research and development activities among manufacturers to step up the innovations in the global blow-fill-seal equipment market will further drive up the adoption.

The global blow-fill-seal equipment market is a monopoly to Rommelag, holding close to 90% of the total market share. However, tier-3 manufactures including Brevetti Angela S.R.L., Serac Inc. and SIPA S.p.A are expected to contribute majority of revenue share in the global blow-fill-seal equipment market. In terms of forward market strategies, New Product Development (NPD) and strategic collaborations would be the way ahead for many top players in the global blow-fill-seal market. For more insights on the competitive landscape of the global blow-fill-seal market, connect with the expert analysts of Future Market Insights at press@futuremarketinsights.com

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Increasing demand for convenience packaging and bottle opening solutions is projected to be a key factor pushing the global demand for ring pull caps. Ring pull caps offer convenience in opening bottles, cans, and tins by simply puling the ring on the top of the products. This also eliminates the requirement of an opener, traditionally required for opening a crown cap.

Moreover, ability of ring pull caps to hold high pressure of carbonated and non-carbonated drinks, would further drive the global ring pull caps market. Expanding at a steady CAGR of 5.1% during the assessment period of 2018-2028, the global ring pull caps is expected to reach a market valuation of US$ 480.8 Mn by 2028, as per a recent market study by Future Market Insights.

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Aluminum to Remain the Most Preferred Material; Increasing Demand for Tin-Free Ring Pull Caps to Propel the Market

Ring pull caps made of aluminum are likely to hold a major market share, whereas steel ring pull caps is projected to witness higher growth over the forecast period, primarily driven by the demand of chrome plated steel caps or tin-free caps. The lower price and barrier properties of the aluminum caps are some key factors driving the adoption of aluminum ring pull caps. In terms of end-use, beer industry is expected to witness highest adoption of ring pull caps, creating highest incremental opportunity, followed by soft-drinks.

Manufacturers of functional beverages, fruit juices, ciders, spirits and wines are gradually favoring ring pull caps for the glass bottles owing to rising demand for convenience.

Steel is generally coated with tin for protection from corrosion. Chrome oxide coating is gradually replacing tin coating on the steel, making the tin-free steel highly suitable for adhesion of coating, inks, and paints, further increasing the printability of the ring pull caps. With comparatively lower manufacturing cost, increasing demand for tin-free ring pull caps is likely to push the global market for ring pull caps.

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Increasing Beer Production in APEJ to Open Opportunity Doors for Ring Pull Caps Manufacturers

As per a recently concluded market analyses, developing nations of APEJ and Latin America are expected to present investment opportunities to manufacturers of ring pull caps owing to rapid production of beer over the last decade, in the aforesaid regions. Since 2006, Vietnam has witnessed a growth of more than 200% in the production of beer.

On the other hand, key market players are focusing on expanding their production in APEJ, considering the region produces nearly 1/3^rd of the total beer production, globally. On the other hand, declining beer production in North America, Japan, and some European countries has further impacted the ring pull caps production.

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Design Advancements to Further Fuel Ring Pull Caps Adoption

Advancements in design such as tin free caps and crown type ring pull caps will further contributed to the increasing demand for ring pull caps across the globe. To attract more end-consumers, key market players are making efforts to improve the overall the design of ring pull caps resulting in chrome plated ring pull caps, metal cap with plastic ring to reduce the overall weight of the cap, crown type ring pull cap with ring rigidly attached to the top of the cap, oxygen scavengers for the preservation of the alcoholic beverages for long a time period among others.

Moreover, focus on enhancing other aesthetics is also being considered using advanced metal printing techniques such as flexo-offset hybrid printing, creating more opportunities in the global ring pull caps market. Inefficient designs including diameter and strength of the ring could restrain the growth of ring pull caps market.

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[219 Pages Report] The PVDC coated films market is estimated at USD 9.4 billion in 2022 and is projected to reach USD 12.3 billion by 2028, at a CAGR of 4.6% from 2022 to 2028.Despite sluggish demand during COVID-19, demand for PVDC coated films will increase from 2021 onwards, albeit slowly, in the food category, which is expected to reach US$ 4.6 billion in 2022. In terms of value, the same segment is expected to grow at a CAGR of 4.8% over the forecast period.

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The FMI team also predicts that the U.S. PVDC coated films market would grow by 3.2% year over year during the forecast period, defying initial uncertainty about how the market would perform during a global pandemic. Total PVDC coated films sales in North America is expected to reach US$ 2.3 billion in 2022.

Factors Driving Revenue Growth of the PVDC Coated Films Market

One of the main factors boosting demand for PVDC coated films is their environmentally friendly feature. PVDC coated films have a low environmental impact. Manufacturers need to comply with stringent regulatory laws pertaining to sustainability and are focussed on reducing the carbon footprint. PVDC coated films have low carbon dioxide emission levels as compared to other high barrier films and contribute to the prevention of global warming.

PVDC coated films are also low-impact materials and facilitate lower consumption of energy, thereby contributing to energy conservation. These factors are acting in favour of the global PVDC coated films market growth. Another significant driver of growth of the PVDC coated films market is the sustained demand for blister packaging in the pharmaceuticals industry in developed as well as emerging economies.

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Competitive Landscape

The key manufacturers operating in PVDC coated films market are trying to focus on increasing their production capacity to meet the increasing demand for PVDC coated films. Moreover, the key players are increasing their product portfolio to cater for the growing PVDC coated films market.

• In January 2021, a company named Neschen, an expert substrate manufacturer has introduced and specially designed a coated polypropylene (PP) film for use with water-based inks and HP Indigo ElectroInk.
• In September 2020, a lidding films and flexible packaging supplier named KM Packaging, the company introduced a new range of mono-polymer material lidding films which is originated for recyclability and which is made from polypropylene (PP).

PVDC Coated Films Market by Category

By Substrate Material:

• Polyethylene (PE)
• Polyethylene Terephthalate (PET)
• Polyvinylchloride (PVC)
• Polypropylene (PP)
• Polyamide (PA)

By Application:

• PVDC Coated Films for Laminates
• PVDC Coated Films for Wraps
• PVDC Coated Films for Lidding Films
• PVDC Coated Films for Pouches & Bags
• PVDC Coated Films for Blisters

By End Use:

• Food
  • Fruits & Vegetables
  • Meat, Poultry & Seafood
  • Bakery & Confectionery
  • Ready-to-Eat
  • Dairy Products
• Healthcare & Pharmaceuticals
• Cosmetics & Personal Care
• Others

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