Market Research Blog – Page 13452 – New Product Development

Sweetener Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2027

The US$ 121 Bn global sweeteners market is projected to grow moderately at 3.2% CAGR through 2027. Consumer awareness about the potential health impact of sweeteners is driving the shift toward sugar-free products.

Sucrose remains the preferred product type, accounting for nearly 66% revenue share of the market currently. In terms of revenues, the global sucrose market is estimated to be worth US$ 26.83 Bn. However, the after-taste of sucrose alternative products is impeding demand globally.

Natural sweeteners, the second-largest product type, currently holds a market share of nearly 22% globally. This segment is anticipated to gain market share during the for forecast period.

The key trends in the global sweeteners include increasing investments by companies and geographical expansion by key players. Further, due to the limited number of buyers and sellers in the market, most companies are focusing on cost optimization.

Food and beverages sector is the largest application segment in the global sweetener market. This segment currently accounts for nearly 70% revenue share. The food and beverage sector will continue to be the largest application segment throughout the forecast period. In terms of revenues, this will represent a market valuation of over US$ 115 Bn in 2027. During the forecast period 2017-2027, demand for food and beverage segment will grow at a CAGR of 3.2%.

In the food and beverage sector, dairy products and beverages are the two largest sub-segments. These two sub-segments collectively account for a revenue share of 40%.

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North America Sweeteners Market

As is the case globally, sucrose remains the largest product type in North America as well. Sucrose currently accounts for nearly 55% revenue share of the North America sweeteners market currently. Use of sucrose in the food and beverage sector will continue to boost its demand in the North America sweetener market. In North America, the food and beverage segment accounts for over 71% revenue share of the region; this segment will continue to remain prominent during the forecast period.

APEJ Sweeteners Market

Increasing awareness among the middle class in China and India, is a key factor for the rising demand for sweeteners in Asia Pacific excluding Japan (APEJ). The APEJ sweeteners market is projected to grow at a steady rate, opening new avenues of growth for manufacturers. Considering the sheer volume and scale of demand in APEJ, many manufacturers are working on consolidating their position in this market.

Key companies profiled in the report include Carl Kühne KG (GmbH & Co.), Castelo Alimentos S/A, Aspall Cyder Ltd, White house foods, Spectrum Organic Products, LLC, Higher Nature Limited., Vitane Pharmaceuticals, Inc., the kraft heinz company, Bragg Live Food Products, Inc., Swanson Health Products, Inc., Solana Gold Organics, Amfac, Inc.(American Garden), Mautner Markhof Feinkost GmbH, GNC holdings inc, Eden Foods, Inc., Pompeian, Inc., NutraMarks, Inc., Eden Nuganics, Viva Naturals, Health Connection Wholefoods.

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By Sweetener Type? :

novel sweeteners
natural sweeteners
sugar alcohol
sucrose
artificial sweeteners

By Industry :

food & beverage (sweet spreads, bakery goods, beverages, dairy products, confectionery & chewing gums and others)
direct sales
pharmaceuticals
others.

By Region :

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

Soluble Fiber Market Present Scenario and Growth Prospects 2032

The soluble fiber market, projected for a strong 8% CAGR during 2022 – 2032, will witness continued preeminence of dried beans and peas over other sources. This primacy is attributed to their cheaper price point and subsequently, easier availability. FMI reports that the demand for soluble fiber for usage in nutrition and health supplements will increase at a striking rate through 2022.

Compared to developing regions, the sales of soluble fiber are envisaged to be higher in the countries of North America and emerging markets of Europe.

Established companies as well as startups are investing in the soluble fiber market due to its steady expansion prospects. Cargill acquired EWOS, a market leader in salmon nutritional feed, by entering into an agreement with Altor and Bain capital II in Europe place of antibiotics in production of aqua feed and other animal feed for sustainability of healthy growth of farmed animal and fish.

Soluble fiber Market size is estimated to be around USD 4.97 Bn in 2021 and is estimated to grow at over 10.24% CAGR and is expected to reach a value of USD 14 Bn for the period between 2022 and 2032.

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Key Takeaways – Soluble Fiber Market Study

Strategic penetration of untapped markets in developing regions coupled with the introduction of low-priced products is projected to create great opportunities for manufacturers. These markets include Africa, India, and Indonesia, where there is a growing demand for soluble fiber products due to an increase in malnutrition rates.
Lack of awareness about the health benefits of prebiotics, probiotics, and nutritional lipids among prospective customers in developing regions may hamper market growth. Terms like prebiotics and probiotics confuse the customers.
Consumers now-a-days are not just consuming food to fill their stomach. Consumer preferences are shifting towards health-specific products that prevent diseases as well as boost mental and physical well-being.

Companies should be dedicating their strategic focus to diversification of product portfolio, as it will help them stand out in competition. Lonza Group AG acquisition of InterHealth, a U.S.-based firm allows the former to offer 15 branded ingredients, leading to an extraordinarily extended product portfolio.

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Increasing Demand for Food and Beverage Fortification

Fortification of food and food products with soluble fibers will eventually help in ensuring proper nutrition. It is observed that with balanced diet, consisting of vitamins, minerals, protein, and other components, a person can lose or gain weight in a healthy manner. Thus, the demand for food and beverage products fortified with soluble fibers is expected to lead to robust growth of soluble fibers market.

Find More Valuable Insights on Soluble Fiber Market Report

Future Market Insights, in its new offering, offers an unbiased analysis of the global soluble fiber market, presenting historical demand data (2012-2018) and forecast statistics for the period, 2019-2026. The study divulges compelling insights on the soluble fiber market.

By Source :

Fruits and Vegetables
Cereals and Grains
Others

By Type :

Pectin
Beta-glucan
Polydextrose
Inulin
Others

By Application :

Animal Nutrition
Food and Beverages
Nutraceuticals & Pharmaceuticals
Others

By Region :

Latin America
North America,
Europe,
Asia Pacific,
Africa
The Middle East

Hydroponics Market Development Status, Competition Analysis, Type and Application 2029

Hydroponics techniques have the distinctive capability to yield any type of crop throughout the year, in any season. Inconsistent climatic conditions cause a major strain on the supply chain of the global food market. Growing adoption of hydroponics systems by agriculturalists in several parts of the globe to ensure year-round harvest and to lessen food scarcity at regional levels is estimated to drive the growth of the global hydroponics market over the forecast period. Moreover, yearlong and consistent supply of hydroponics fruits/vegetables ensures constancy of food prices, irrespective of bad climatic conditions.

Key Takeaways from the Hydroponics Market Study

To reduce high energy costs associated with hydroponics cultivation, many companies are launching new LED lights that consume less electricity, and will be easier on the pockets of hydroponic farmers. For instance, In March 2017, HydroGarden, which is a U.K. based hydroponics equipment manufacturer, entered into an agreement with Plessey, which is a leading solid state lighting manufacturer. Plessey manufactures Hyperion series of LED units, which enable around 40% energy saving in comparison to sodium grow lights.
To maintain freshness and capitalize on the locally-grown appeal quotient, restaurants are increasingly using on-site hydroponic and aeroponic gardens for cultivation of vegetables and herbs. This trend is gaining popularity and is expected to continue to witness adoption in food outlets and food chains in many developed countries across the globe.
Microgreens are also called as sprouts, defined as young or baby vegetables that are primarily used to enhance the sensory appeal of dishes. Using hydroponic farming grown baby squash is also witnessing high demand from retail and restaurants. Thus, a number of farmers are adopting hydroponic farming in order to leverage this rising demand for such products in markets in developed countries, and this trend is expected to continue over the forecast period.

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“Adoption of hydroponics in lawns and backyards of houses is a major trend in developed countries. Much of this produce is for personal consumption, but in some cases is sold through local farmer markets and to unorganized small stores in the neighbourhood. Hydroponics based vegetables grown in houses are much cheaper as they are grown in small batches.” says FMI analyst.

Awareness regarding healthy lifestyle and nutritious food is increasing among consumers due to which they prefer natural and organic food products. Consumers also prefer high quality and sustainable vegetables and fruits due to which the adoption of hydroponics farming method is increasing as it ensures year around harvest. Multiple restaurants are using hydroponics garden for the production of vegetable and fruits as it helps to maintain the freshness for long period of time. Hydroponic grown plants are witnessing high demand from retail and restaurants. Thus, a number of farmers are adopting hydroponic farming in order to leverage this rising demand for such products in markets in developed countries, and this trend is expected to continue over the forecast period.

Who is winning?

Some of the key players operating in the hydroponics market are Heliospectra AB, LumiGrow Inc., Green Sense Farms Holdings, Inc., Koninklijke Philips NV, Scotts Miracle-Gro Co., Argus Control Systems Ltd., Emirates Hydroponics Farms, Platinum Produce Co., Hollandia Produce, L.P., Eden Farms, AMCO Produce Inc. and many other players.

Several leading players in hydroponics market are acquiring smaller businesses to expand their geographical presence and to broaden the product portfolio. The companies are investing in adapting advance technologies of hydroponics farming to produce the organic and natural food products.

In August 2016, Philips signed a contract with Innovatus, Inc. (Japan), one of the world’s largest vertical farms to use LED lighting. The factory grows five varieties of lettuces, green leaf, and romaine, and has advanced, automatically-controlled equipment that monitors everything from air temperature, humidity, and CO2 concentration to nutrient liquid.
In June 2018, the company acquired Sunlight Supply, Inc., which enhanced Scotts Miracle-Gro Co.’s ability for improved performance while meeting the needs of the rapidly evolving hydroponic market. It also reinforces the confidence of the company in the future of the hydroponic growing market and creates a unique competitive advantage for the company.

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Get Valuable Insights into Hydroponics Market

The global hydroponics market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Crop Type

Vegetables
- Kohlrabi
- Radish
- Cucumber
- Tomatoes
- Peppers
- Others
Herbs & Greens
- Arugula
- Lettuce
- Cilantro
- Basil
- Mint
- Parsley
- Spinach
- Others
Fruits
- Strawberry
- Blueberry
- Watermelons
- Grapes
- Cantaloupe
- Others
Flowers

Solutions

Organic
- Bone meal
- Hoof / Horn meal
- Fish meal
- blood meal
- Cottonseed meal
- Dried locust or Grasshopper
- Animal Manure
- Others
In Organic
- Macronutrients
- Micronutrients

Farming Type

Indoor Farming
Outdoor Farming

Distribution Channel

B2B
B2C
- Modern Trade
- Grocery Stores
- Specialty Stores
- Bulk Suppliers & Distributors
- Online retailers

Region

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

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Food Flavour Enhancer Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2032

According to a new study by FMI, sales of food flavour enhancer are expected to reach ~US$ 7.4 Bn in 2022, and with rising consumer demand for processed food products, the demand for food flavour enhancers will further grow in the coming years. Consumers are voicing the need for taste to complement nutrients, and food manufacturers are hunting ingredients that can maintain their production costs under a limit.

Eventually, this is expected to bode well for manufacturers in the food flavour enhancers, and the market is expected to grow at a CAGR of ~7% between 2022 and 2032, opines FMI.

The FMI study finds that the availability of food flavour enhancers that assure the reduction of salt in these products is increasing, and the rise in demand is mainly attributed to their adoption as a cost-effective alternative for conventional food flavour enhancing ingredients.

Even though clean-label food flavour enhancers are priced more, but a mere sprinkle will bring the required results. The cost of commodities such as salt and sugar is cut out when a food flavour enhancer is added to a food product. Thus, food flavour enhancers are being adopted extensively by stakeholders in the food industry, especially foodservice operators.

Also, many government regulations have been formulated to reduce the amount of salt in food products due to its adverse effects on the health of humans that consume this in excess, thus driving the food flavour enhancer market. South Africa implemented a legislation in 2013, making salt reduction mandatory, with initial reductions coming into force in 2016, and further reductions enforced in 2018. This, in turn, will bolster sales of food flavour enhancers in the coming years.

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Increased Consumption of Processed Food Driving Food Flavour Enhancer Market

Changing lifestyles and increasing disposable incomes have led to changing consumer preferences, resulting in an increase in the consumption of processed food products. The increasing consumption of these food products has resulted in the growing use of food flavour enhancers.

Food processing companies are expanding their production areas to cater the demand from consumers. This has, in turn, increased the demand for food flavour enhancers from food processing industries.

Consumer demands such as taste along with economic prices have also increased the demand for these food flavour enhancers, not only in the food processing industry but also in the foodservice industry. For example, the increased consumption of packaged foods and beverages is driving the growth of the food flavour enhancer market in China.

Consumption of monosodium glutamate (MSG), which is the most popular type of food flavour enhancer, is the highest in China on a global scale, with 55% of MSG being consumed in the country.

However, health concerns among consumers around the world backtracked the food flavour enhancer market for a short while. Nevertheless, an increase in the alternatives for synthetic food flavour enhancers to cater the demand for clean-label products from consumers resulted in food flavour enhancers gaining acceptance, globally.

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‘MSG Symptom Complex’ Affecting the Worldwide Popularity

The sales of food flavour enhancers were affected few years back, especially in developed regions such as North America and Europe, due to a condition called the MSG symptom complex, which was previously referred as Chinese Restaurant-Syndrome. This was due to few incidents with people in the U.S. that consumed food in Chinese restaurants suffering from symptoms such as rashes, itchiness, flushing, etc.

This resulted in a backlash regarding food flavour enhancers, especially, the one that is most commonly used in these restaurants, which is monosodium glutamate. Even if it was proven otherwise by government testing laboratories, food flavour enhancers gained negative publicity. Therefore, manufacturers of food flavour enhancers have come up with a range of clean-label products that can be used in food products and termed as ‘organic compliant’.

This study by FMI offers insights into the food flavour enhancer market for the forecast period between 2022 and 2032. The food flavour enhancer market is projected to record a CAGR of ~7% during the forecast period.

Key Segment

By Form :

Powder
Liquid

By Product Type :

Glutamates
Hydrolyzed Vegetable Protein
Yeast Extract
Others (Meat Extract, Plant Extract)

By Source :

Plant-based
Yeast
Seaweed
Synthetic

By End Use :

Soups and Sauces
Meat and Seafood
Ready Meals/Prepared Foods
Dairy Products
Snacks, Savouries and Seasonings
Beverages
Bakery and Confectionery
Foodservice/HoReCa
Household/Retail
Others

By Region :

North America
Latin America
Europe
East Asia
Southeast Asia & Rest of APAC
MEA

Diabetic Food Market Industry Research, Segmentation, Key Players Analysis and Forecast to 2020

Future Market Insights (FMI) delivers key insights on the global diabetic food market in its latest report titled “Diabetic Food Market: Global Industry Analysis and Opportunity Assessment, 2014 – 2020”. The global diabetic food market is expected to amplify at a CAGR of 5.9% during the forecast period in terms of value due to various factors, regarding which FMI offers fundamental insights in detail in this report.

On the basis of application, the market has been categorised into dietary beverages, ice cream and jellies, dairy products, and confectioneries and baked goods, among others. Demand for dietary beverages was highest among other products in 2013. The segment accounted for 29.1% of the total market share in 2013 followed by the dairy segment, which stood at the second position with a 24.8% revenue share of the overall diabetic food market in the same year. The ice creams and jellies segment accounted for 18.7% value share of the overall market in 2013, and its share is expected to reach 19.0% by 2020. Both diabetic and non-diabetic consumers are showing interest in diabetic ice creams and jellies with a view to maintain a healthy lifestyle.

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Consumer Awareness Driving Demand for Diabetic Food

Growth of the global diabetic food market is majorly driven by consumer awareness about health benefits associated with low calorie diabetic food products. Furthermore, rising consumer concern about following healthy eating habits coupled with changing food preference is also stimulating the demand for diabetic foods globally. Moreover, growing number of diabetic patients and other health complications associated with diabetes are playing a crucial part in the growing popularity of this market. Currently, consumers are continuously striving for low calorie food products to avoid diabetes, obesity and high cholesterol levels. Furthermore, several food manufacturers are keen on introducing new food products with low fat content in order to attract health conscious consumers.

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Region-wise, North America dominated the diabetic food market with 37.5% market share in 2013 in terms of value, followed by Europe. However, the market share of North America and Europe is expected to reduce by 2020. Both the regions are mature markets for diabetic food in terms of revenue. This is one of the prime reasons behind the anticipated reduction in market share of North America and Europe by 2020. Increasing consumer demand for healthy food is one of the major factors boosting the demand for diabetic food products in Asia Pacific currently.

Key players proiled by FMI in the report include Pepsico Inc., Cadbury Plc., Fifty 50 Foods Inc., The Coca-Cola Company, Nestle S.A., Unilever Plc., Kellogg Co., Mars Incorporated, David Chapman’s Ice Cream Limited.

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These players are focusing on broadening their distribution channels to improve product availability. Production innovation is also a key strategy in this fiercely competitive market, as companies look to consolidate their position

Variable Data Printing Market Key Insights, Profiling Companies and Growth Strategies by 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.

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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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Micro Flute Paper Market Trends, Growth, Future Demand, Analysis and Forecast 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.

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Recycled PET Market Brief Forecast and Analysis by Top Key Players to 2029

The recycled PET Market is benefiting from the increasing consumption of packaged food products and carbonated and non-carbonated drinks across the world. This trend is particularly being witnessed more in the developing economies of East Asia and South Asia. Moreover, consistent adoption of an extensive range of recycled PET packaging solutions such as clamshells & containers, bottles & jars, and other solutions in these regions in recent years has been noted. Rapid penetration of food, beverage, and healthcare industries, which show a high preference towards recyclable and sustainable packaging solutions, has led to the remarkable demand for recycled PET packaging solutions in these regions.

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On the back of these factors, the global recycled PET market is projected to register an impressive CAGR of 6.5% over the forecast period of 2019-2029.

“Prominent manufacturers in the recycled PET market can gain substantial profits by focusing on developing economies in East and South Asia, such as China and India. Additionally, as key industries are inclined towards the adoption of sustainable packaging solutions, the demand for recycled PET packaging solutions is estimated to substantially increase in the foreseeable future.”

Key Takeaways from Recycled PET Market Study

The bottles & jars segment is experiencing unmatchable demand in the recycled PET Market, especially from the beverage industry. This is attributable to the fact that, bottles & jars offer precise packaging, high impact capability, and pricing affordability to end users.
Prominent packaging manufacturers are adopting stretch blow molding technology to design and manufacture a wide variety of recycled PET packaging solutions, as this technology offers high output quantities and fine dimensional accuracy.
The beverage industry has been identified as the key end user of recycled PET packaging solutions, as this sector generates constant demand for recycled PET packaging bottles & jars for packing and storing drinking water as well as carbonated and non-carbonated drinks.

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Recycled PET Market: Competition Landscape

Leading packaging manufacturers across continents have shifted their focus from conventional packaging solutions to environment-friendly rigid and flexible packaging solutions. This notable shift towards eco-friendly packaging solutions is majorly driven by increasing focus on reducing unnecessary plastic waste and high customer preference towards sustainable and eco-friendly packaging solutions over conventional ones. Polyethylene terephthalate (PET) is a safe, robust, and transparent plastic material that can be recycled several times. To gain the most benefits from this scenario, leading packaging manufacturers are focusing on offering a wide range of recycled PET packaging products.

In November 2019, Berry Global Group, Inc, one of the leading packaging solution manufacturers, introduced Verdant PCR bottles, RPET bottles, tubes, jars, and closures for beauty and personal care products.
In November 2019, ALPLA Werke Alwin Lehner GmbH & Co KG launched 100 % recycled PET packaging bottles that are specially designed for the dairy industry.
In November 2019, ALPLA Werke Alwin Lehner GmbH & Co KG acquired SUMINCO S.A. and REPLACAL S.L. to expand its recycling activities.

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Cheese Packaging Market Is Set to Experience Revolutionary Growth by 2029

Demand for cheese packaging is set to account for a market value of over US$ 5 Bn towards the end of 2029. Majorly driven by the fast food sector and on-the-go food products manufacturers, demand for processed cheese continues to be on an upward trend. This would remain a prominent booster to the growth of cheese packaging market in the following years. Protective packaging solutions designed for cheese and cheese products play a critical role in preventing moisture loss and oxygen transmission from packaged products. This attribute continues to establish a strong ground for the expansion of cheese packaging market, suggests a new Future Market Insights (FMI) study.

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Key Takeaways of Cheese Packaging Market Study

Pouches continue to hold a maximum market share; demand for small-sized pouches would be prominent for cheese slices and liquid cheese products.
Plastics would discover a substantial incremental revenue opportunity by the end of 2029, owing to superior barrier and space-efficient attributes.
A majority of demand for cheese packaging is concentrated at modern trade channels such as hypermarkets and supermarkets.
European countries continue to hold a lion’s share in global cheese packaging market.
China, India, and Japan are emerging highly lucrative, on the back of progressing market outlook of ready-to-eat products.

Cheese packaging market players should best leverage the remunerative growth potential of eco-friendly material options. Capacity expansion and development of cost-effective cheese packaging technologies would help them discover significant profits across the value chain.

cheese packaging market share by region pr

Cheese Packaging Market Landscape

The global cheese packaging market is highly competitive, where local and unorganized players are leveraging significant growth opportunities. Some of the key players in cheese packaging market include Amcor Plc, Winpak, Constantia Flexibles Group GmbH, Berry Global Inc., RPC Group Plc, Mondi Group, Sonoco Product Company, SCHUR Flexibles, Sealed Air Company, SKOPOS SA, and others. Companies are focusing on product innovation and acquisitions with an aim to increase their global presence and customer base in the global cheese packaging market.

In February 2019, Amcor Limited introduced Genesis, an all polyethylene laminate with the look and feel of traditionally oriented polyethylene or oriented polyester. This product is suitable for use in medical, food, homecare, personal care, and other industries. The company also acquired Bemis Company Inc., which is one of the leading players in the cheese packaging market.
In 2019, RPC Group acquired PLASgraam, a leading recycling specialist in the U.K.
In 2018, Berry Global Inc., acquired Laddawn, Inc. with an investment of US$ 242 Mn and Clopay Plastic Products Company, Inc. with an investment of US$ 475 Mn. In 2017, Berry Global Inc. acquired Adchem Corp and AEP Industries Inc. with an investment of US$ 791 Mn. The acquired company manufactures flexible packaging products from polyethylene and PVC.

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What Does the Report Cover?

Future Market Insights, in this new report, offers an unbiased analysis of the global cheese packaging market, analyzing historical demand from 2014-2018 and forecast statistics for 2019-2029. The study offers growth projections on the cheese packaging market based on packaging format (boxes, cups, pouches, lids & foils, trays & flow wraps, containers, and others), material (plastic {EVOH, PET, polypropylene, polyethylene, polyamide, and others}), distribution channel (e-Commerce, retail stores, convenient stores, hypermarkets /supermarkets, and others) across seven key regions.

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Nylon Films Market Expectations and Growth Trends Highlighted Until 2023

The gradually increasing demand for nylon films is attributed to their growing preference for packaging perishable products such as frozen food. The key driver behind this growth is enhanced shelf life and oxygen barrier properties that differentiate nylon films over other packaging films. Moreover, nylon films are also suitable for a wide range of industries such as food, pharmaceuticals, and industrial packaging.

The overall outlook for the nylon films market is expected to remain positive, which is projected to register a CAGR of 5.1% over the forecast period of 2019-2029.

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Key Takeaways of Nylon Films Market Study

According to FMI analysis, the food segment is expected to outbid other end uses in the nylon films market over the forecast period. Manufacturers of perishable products such as meat and cheese are expected to account for a significant share of the food segment in the nylon films market.
11 to 20 microns is identified as the highly preferred thickness for nylon films among packaging converters. This thickness is well-suited for packaging applications that require optimum protection and performance.
The bi-axially oriented polyamide film segment is projected to remain prominent by film type in the foreseeable future. Growth is attributed to the high tensile strength, improved impact strength, along with better oxygen barrier as compared to cast PA films.
East Asia is expected to represent more than a quarter of the global films market share during the forecast period. China represents 60% of the total East Asia market share in 2019, attributable to the large number of unorganized players in the region. Moreover, South Asia is anticipated to remain a lucrative region in the nylon films market till the end of the forecast period.

“Players in the global nylon films market can gain significant profits by focusing on emerging countries in South Asia, such as India, Thailand, and Vietnam. Increasing demand from perishable and processed foods packaging manufacturers is expected to boost the growth of the nylon films market in this region.”

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Nylon Films Market: Competition Landscape

Unitika Ltd., Winpak, Toray Plastics Inc., Hyosung Corporation, Kolon Industries, and Honeywell International LLC are some of the key players in the nylon films market. These players are strengthening their market presence through strategic acquisitions to increase their production capacity.

Japan-based packaging converter UNITIKA Ltd. will be expanding its capacity from 16,500 tons/year to 26,500 tons/year for its Indonesia-based manufacturing plant in early 2020. However, several regional and unorganized manufacturers may enter the nylon films market through strategic collaborations to compete with global players armed with regional pricing strategies.

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