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The industrial chemical packaging market is projected to expand at a steady pace, registering growth at 4.0% CAGR between 2021 and 2031, as per the a survey conducted by Future Market Insights.

Due to the unprecedented outbreak of COVID-19, restrictions imposed by regulatory authorities have negatively impacted the sales of industrial chemical packaging solutions. However, in the coming years spike in demand for chemicals and growth in international trade of hazardous materials will result in long term growth of the global industrial chemical packaging market.

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Development of the latest international trade routes and improvements in supply chain and logistics networks will enable companies to deliver goods across continents in lesser time. These developments will therefore fuel the demand for durable and high-capacity packaging solutions for hazardous chemicals.

Manufacturers in the industrial packaging industry are adapting to the needs of modern-day markets. Continuous upgrades in production technology are made mandatory for all manufacturers, either small or large to stay competitive in the market.

State-of-the-art leak detecting machinery and advanced testing solutions are designed for making sure the chemical packaging solution is in tandem with international safety standards and complies with weight handling capacity.

Key Takeaways from Industrial Chemical Packaging Market

• Intermediate bulk containers are the most widely used packaging format for safe and easy transportation of industrial chemicals, as these containers are versatile, pallet mounted cost-effective. IBC’s currently account for more than 64% of industrial chemical packaging solutions sold worldwide.
• Backed by the presence of the renowned pharmaceutical companies in the country, the U.S. is the largest consumer of chemical packaging solutions.  The U.S. market is anticipated to offer incremental opportunities worth US$ 4.4 Bn over the next decade.
• Recyclable and re-usable features make plastic preferred material in the industrial chemical packaging market. It is expected to account for over 40% of packaging solutions produced over the forecast period.
• After witnessing slight decline in FQ-20, Germany market is expected to register a y-o-y growth of almost 4% in the year 2021.
• Specialty chemicals segment will offer incremental opportunity of US$ 36.5 Bn between 2021 and 2031.

“Meteoric rise in demand for advanced packaging solutions for hazardous materials, due to the implementation of stringent international safety standards for storage and transportations of harmful chemicals is pushing the demand for advanced leak-proof packaging products,” says FMI analyst. 

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Sustainability to be a Key Concern for Top Manufacturers

Increasing global pollution has compelled key players of the packaging industry to use eco-friendly raw materials, which are recyclable or offer re-usability. Along with that, manufacturers need durable materials to provide strength to the industrial chemical packaging solutions, which can carry heavy weight.

Producers are therefore shifting focus towards High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Metallized Polyethylene Terephthalate (MET-PET), and other reusable materials, which are cost-effective and have a wide range of features.

Industrial Chemical Packaging Market Landscape

Some of the key players dominating the global industrial packaging market are ProAmpac, Tote Systems International, LP, US Display Group, Myers Industries, Inc., Assmann Corp. of America, DENIOS Ltd., Hoover CS, Segezha Group GmbH, CLA Containers, Greif, Inc., RIKUTEC Group, Müller Group, Knack Packaging Private Limited, Mauser Group B.V., PVN Fabrics Pvt. Ltd., Time Technoplast Ltd., Pyramid Technoplast Pvt Ltd., Tripura Containers Private Limited, East India Drums & Barrels Mfg. Co and Schuetz GmbH & Co. KGaA.

Industrial Chemical Packaging Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the industrial chemical packaging market, analyzing historical demand from 2015-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the industrial chemical packaging market on the basis of packaging format (IBC, flexi tanks, drums, pails & jerry cans, bags & sacks and others), material (metal, plastic and paper & paperboard) and the chemical type (specialty chemicals and commodity chemicals) across seven regions.

About Packaging Division at Future Market Insights

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

According to a recent report by Future Market Insights (FMI), the global   meat packaging market   is expected to reach 3.5 million tonnes by 2021, growing 1.6 times during the forecast period.  Increasing consumption of fresh and processed meat products  and developing materials and designs will support long-term growth.

The transparency of the package is very important in terms of product quality. The requirement for transparent and authentic packaging is growing massively, especially in the food and beverage industry.

See-through packaging is achieved using film for superior gloss and excellent transparency. This further lowers the cost of printing and labeling compared to opaque alternatives. Consequently, the application of these packaging solutions is expected to expand meat packaging sales in the near future.

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Various advances in technology and powerful automated production lines have opened up possibilities for the meat packaging business. A recent advance in the industry is high pressure processing (HPP), which does not require heat during packaging of meat products  .

It is a post-processing method using pasteurization. In this procedure, the packaged meat product is placed under an enormous level of isostatic pressure. Adopted high pressure processing technology to extend the shelf life of products. This innovative packaging system enables meat producers to help differentiate their products from competing products.

Key highlights of the Meat Packaging Market study:

• Polyethylene (PE)   plastics are attracting attention due to their excellent barrier properties. The segment is expected to expand to 1.7 times its present value, increasing the opportunity to approximately $2.5 billion.
• Reformed atmosphere packaging technologies will account for more than 40% of the market share by the end of 2031. Demand for the technology will increase due to its aesthetic appeal and improved shelf life.
• China will account for 42.3% of the East Asian market in 2021, driven by its vast non-vegetarian consumer base.
• Germany and Italy show high growth potential, accounting for over 15% and 13% respectively of the European market, driven by increased export activity.
• The US will account for more than 84% of the North American market due to its large consumer base and the presence of a mature meat processing industry.

Learn more about  the Meat Packaging market   using figures and data tables along with Table of Contents  . Please contact Analyst@  .  https://www.futuremarketinsights.com/ask-question/rep-gb-710

Impact of COVID-19 on Meat Packaging Market

Meat packaging is attracting attention due to benefits such as extended shelf life and cost effectiveness. COVID-19 has disrupted several end-use industries as the meat packaging market took a hit in 2019.

The pandemic has also disrupted supply chains and global sales. Most raw materials are procured through imports. Raw material supplies are sent to meat packaging producers and then to merchants in multiple countries for worldwide business and shipping.

However, widespread restrictions caused by the pandemic across manufacturing plants have slowed the meat packaging market in production and adoption.

The food and beverage industry will record impressive growth in the post-pandemic era, which will drive demand for meat packaging in the near future. Frequent investment in R&D is expected to increase sales through 2020.

Meat packaging market landscape

The global meat packaging market is highly segmented in nature. A larger share of the market share is held by domestic and local market participants. Leaders in this field are focusing on expanding their production capacity while investing in technological improvements.

Key players operating in the global meat packaging market are   Amcor Plc  , Berry Global Inc., Winpak Ltd., Sealed Air Corp., Mondi Group, Amerplast Ltd., Faerch Plast A/S, Bollore Group,   Constantia Flexibles Group GmbH  . There is. , Sonoco Products Company, Thantawan Industry Plc and Cascades Inc.

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Meat Packaging Market Report

Future Market Insights provides an unbiased analysis of the global Meat Packaging market by analyzing historical demand from 2016-2020 and forecast statistics from 2021-2031 in a new report. This study presents the growth prospects of the meat packaging market by product type (  fresh meat  , processed meat, frozen meat), meat type (beef, pork, poultry, seafood, etc), and material (polyethylene,   polypropylene  , polyvinyl) . Chloride, ethylene vinyl alcohol, other [polyvinylidene chloride, etc.]) and packaging technology (atmospheric reforming, vacuum skin, vacuum thermoforming, other [active packaging, etc.]) are used to produce it across 7 regions.

Future Market Insights upcoming report on global ESD Workstations market uncovers hidden opportunities and potential threats. The report gives an incisive coverage on the ESD Workstations market through a detailed segmentation on its key growth drivers, opportunities, restraints and challenges expected to prevail the market in the upcoming years. According to FMI, the industrial automation industry is expected to have a positive outlook through 2022 and beyond.

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Increasing usage of machines and demand for high quality products in various industries coupled with installation of smart devices in the machinery are some of the factors propelling the growth of ESD Workstations market in industrial automation industry. Industries are implementing the automation to increase the productivity and reduce labor costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain the competitive edge in the industry.

According to the FMI’s report, the ESD Workstations market is projected to record a CAGR of xx% over the forecast period. To receive the detailed insights about the ESD Workstations market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

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Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2022.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2022. However, with relaxation in lockdown, the ESD Workstations market has picked up the pace.

The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the ESD Workstations market.

Key Questions Answered in the Report

1. What are the key trends and challenges that will affect global ESD Workstations market in upcoming years?
2. What are the factors that will influence the ESD Workstations market demand?
3. Which region will be the most lucrative for ESD Workstations market throughout the forecast period?
4. How will evolving regulatory policies impact the market growth?
5. What is the impact of Covid-19 on the ESD Workstations market?

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ESD Workstations Market: Segmentation

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

Detailed analysis on the geographical region and country wise insights are offered in the latest ESD Workstations market report with established market players as well as incumbents in the region.

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

• Bosch Rexroth, AG North Central Instruments (NCI), APZEM Inc, Stanley Black & Decker Storage Solutions group, Antistatic ESD Solutions, Kinetic Polymers, EnvairElectrodyne, Treston, Cir-Q-Tech Tako Technologies, PB STATCLEAN SOLUTIONS PVT. LTD, Sharang Corporation, Aadi International, LINAK.

With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important market study including the historical revenue prospects, pricing strategy, and marketing strategy adopted by these players in the ESD Workstations market.

Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the ESD Workstations market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
• Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario.

About Future Market Insights (FMI)
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, and has delivery centers in the UK, 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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The valve-on-valve laminates market   is expected to grow at a steady rate, assisted by continuously increasing demand from the personal care and healthcare sectors. According to a study by Future Market Insights (FMI), the market size is expected to reach $217.3 million by 2021.

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The expansion of the personal care industry and the growing number of consumers using products such as deodorants, antiperspirants, hair sprays, etc. will drive demand for bag-on-valve laminates for effective packaging solutions. .

Personal care products are usually packaged in traditional aerosol packaging, but innovations have made valve-on-pack packaging the preferred solution. Bag-on-valve packaging systems consist of aluminum or tin containers, valves, laminate bags, actuator nozzles and pressurized propellants such as nitrogen gas or compressed air.

The use of an inert gas such as nitrogen or compressed air as the propellant makes the product significantly safer compared to conventional aerosol packaging that uses flammable hydrocarbons as the propellant.

Bag-on-Valve laminates have emerged as a safer alternative for the packaging of a variety of personal care products and are gaining popularity among consumers of products reluctant to combustible propellants.

Several major players are using this technology to meet the changing demands of consumers. According to FMI, the personal care industry is expected to account for nearly 33% of market revenue in 2021. In addition to this, demand in the healthcare sector is also expected to increase.

“In addition to adopting strategies to achieve our expansion goals, market players are focusing on providing greater recycling potential. “The steps taken to adopt sustainable packaging solutions will help the overall expansion of the market in the future,” said an analyst at FMI  .

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Key highlights of the Bag-on-Valve Laminate market

• Growing demand for alternative and sustainable packaging solutions will drive the valve-on-valve laminates market at a CAGR of 5.5% between 2021-2031
• The US could account for more than 88% of North America’s revenue by 2021, driven by growing demand for advanced packaging solutions in the US personal care and healthcare industries.
• Government regulations to curb the carbon footprint in various industries will spur growth in the UK at a CAGR of 1.9% over the forecast period.
• France, Italy and Benelux will see high demand for valve-on-valve laminates in the European market.
• The expansion of the manufacturing sector will create growth opportunities for the market in China.

The demand for safe packaging of sterile products to shape the valve-on-valve laminates market.

Manufacturers in the pharmaceutical industry that provide products such as nasal sprays and wound cleansers prefer valve-on-valve laminate packaging because it is an easy-to-sterilize and relatively hygienic form of packaging.

The nasal spray market is expected to grow significantly with the increasing number of effective drug delivery systems for asthma, respiratory ailments, common coughs and colds.

According to the World Health Organization (WHO), 7 out of 93 vaccines currently in progress are administered intranasally. The demand for these nasal spray packaging will potentially increase sales of valve-on-valve laminates due to their ability to keep active ingredients relatively safe.

Impact of COVID-19 on Valve-on-Valve Laminate Market

The ongoing COVID-19 pandemic has affected many industries, including the packaging sector. The valve-on-valve laminate market has been plagued by the pandemic, primarily due to factors such as raw material supply shortages, logistics and lockout restrictions.

Decreasing demand from industries such as personal care and home care also had a negative impact on the overall market. Nevertheless, the increasing application of valve-on-valve laminates in the medical industry for packaging of products such as nasal sprays and sterile cleansers has helped mitigate the effects of the pandemic.

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Bag-on-Valve Laminate Market Landscape

Amcor plc, Aptar Group, and Precision Valve Corporation are the top players operating in the valve-on-valve laminate market. Tunap Group, Lindal Group, Summit Packaging Systems and Gualapack SpA are also some of the prominent players in the bag-on-valve laminate market. Tier 3 players hold 65-70% of the global bag-on-valve laminate market. The major players contribute almost 30-35% of the global market.

Demand for motorcycle chain sprocket, in Asia Pacific, is expected to grow at a steady year-on-year rate of 5.3 percent, in 2019, as per a recently released market intelligence study by Future Market Insights (FMI). Motorcycle chain sprocket being the lightest transmission possible compared to gear mechanism, in addition to being highly cost-effective in terms of manufacturing versus gear trains, will significantly contribute to the sales of motorcycle chain sprocket, in the coming years.

[175 Pages Reports] Future Market Insights (FMI) has projected the global motorcycle chain sprocket market to grow with year-on-year value growth of 5.7% in 2022 reaching a value of about US$ 2,315.1 Mn by 2022 end. A chain and sprocket are employed when the distance between shafts is higher than the gearing’s intended size. A bike uses a chain and sprocket because the specified distance between shafts makes gear-to-gear meshing difficult. The chain holds the wheel sprocket and transfers the engine power into forwarding speed by turning the wheel. The global motorcycle chain sprocket market is anticipated to witness a considerable value CAGR of 6.2% during the period of 2022 and 2027.

Moreover, apart from ease of installations and servicing, lightweight feature of the chain sprockets will remain the most rewarding factor, thereby, increasing its installations in motorcycles. FMI forecasts that global motorcycle chain sprocket market revenues will reach approximately US$ 1.9 Billion, by 2019-end. The size of the market is based on estimates of the number of chain sprockets shipped, during the same time period.

“The global market for motorcycle chain sprocket continues to grow with increasing product and sales of motorcycle specifically in emerging markets, paradigm shift towards light weight vehicle components to control the automobile emission and increase the vehicle life, and flourishing aftermarket for motorcycle chain sprocket determined by factors, such as distance driven, number of vehicles in operation, and ownership time” Senior Analyst, FMI.

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Electric Bikes and Tax on Luxury Items Continue to Strain Revenue

However, several government initiatives such as the introduction of electric bikes—aimed at controlling vehicular pollution, could substantially restrict the demand for conventional motorcycles, and thereby chain sprockets used in such vehicles. China, being one of the largest markets for two-wheelers is aggressively promoting electric bikes for transportation, considering its low cost, energy efficient, emission-free systems, and no license and registration.

Tax on luxury items has considerably increased in some markets of Asia Pacific, such as India. The Indian government has increased the tax to 31 percent on conventional motorcycles with engines greater than 350cc, which in turn could slow down the sales of luxury and heavy engine capacity conventional motorcycles. Furthermore, Singapore has adopted a new system of additional registration fees (ARF), which will add more costs to conventional motorcycles and therefore, render them expensive, leading to a decrease in the sales of conventional motorcycles and adversely affect the motorcycle chain sprockets market.

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Competition to Remain Relatively High; Manufacturers Favor APEC Markets

• The top 8 companies in the global motorcycle chain sprocket market are estimated to hold approximately 16-21 percent of the overall market in terms of value.
• Tsubakimoto Chain Co., Regina Catene Calibrate Spa, Jomthai Asahi Co.,Ltd, L.G.Balakrishnan & Bros Ltd., and Rockman Industries Ltd. are some of the leading global and local manufacturers of motorcycle chain sprockets.
• While the tier-1 and tier-2 companies generate over US$ 50 Mn and between US$ 20 Mn to US$ 50 Mn through the sales of motorcycle chain sprocket, respectively, the tier-3 companies generate less than US$ 20 Mn, as per the report.
• Focus remains on manufacturing low maintenance and high efficiency motorcycle chain sprocket to improve the overall functioning and life of drive chain.
• Manufacturers are focusing on entering into long-term supply contracts with OEM of two wheelers in order to gain a strong hold in the domestic markets of APEC.
• Apart from expanding its product portfolio, manufacturers of motorcycle chain sprockets are also focusing in expanding their production or sales capacities in developing regions.
• FMI predicts heavy investments in research and development initiatives to bring innovation in the manufacturing processes to develop differentiated products.

Regionally, developing regions are expected to remain highly lucrative for new market entrants given the easy availability of raw materials and minimal infrastructure requirements combined with lack of stringent government regulations, thereby creating a favorable investment environment.

Apart from key market influencing dynamics and competitive landscape, FMI also offers an in-depth segmental analysis—on the basis of motorcycle type (standard, cruiser sports, and mopeds and others), engine capacity (up to 150 cc, 151-300 cc, 301-500 cc, and above 500 cc), chain type (standard rolling chain, O ring chain, and X ring chain), and sales channel (OEM and Aftermarket)

Market Segmentation

By Engine Capacity

• Upto 150 CC
• 151-300 CC
• 301-500 CC
• Above 500 CC

By Chain Type

• Standard Rolling Chain
• O Ring Chain
• X Ring Chain

By Motorcycle Type

• Standard
• Cruiser
• Sports
• Mopeds & Others

Sales Channel

• OEM
• Aftermarket

By Region

• North America
• Latin America
• Europe
• China
• APEC
• MEA

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Key Questions Answered in the Report

• How has the Motorcycle Chain Sprocket market evolved in the past four years?
• What shape is the Motorcycle Chain Sprocket market expected to take in terms of value during the study period?
• What are some of the prevailing market dynamics in the Motorcycle Chain Sprocket market?
• What are some of the competition developments and trends affecting the Motorcycle Chain Sprocket market?
• What are some of the underlying macro-economic and industry factors impacting the growth of the Motorcycle Chain Sprocket market?
• What are the important key challenges, opportunities and improvement factors for Motorcycle Chain Sprocket market players?
• What are the important market positioning and key strategies of key service providers as per the Motorcycle Chain Sprocket market taxonomy?
• How is the competition structured at present and how has it evolved in the Motorcycle Chain Sprocket market over the past few years?

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Aircraft Cabin Interior Market : According to Future Market Insight’s (FMI), the global aircraft cabin interior market is forecast to grow at 2.70% in 2021, overcoming the uncertainty about market recovery and performance during a global pandemic. FMI also predicts that the aircraft cabin interior market will exceed the overall market valuation of US$ 14.5 Bn by the end of 2021.

About FMI

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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According to a recent report by Future Market Insights, the collapsible sleeve containers market crossed US$ 4.6 billion in 2019, and is expected to grow at 4.6% CAGR through 2030. However, demand weakened in 2020, as COVID-19 induced sluggishness engulfed the broader packaging industry, and various end-use industries. According to the report, innovations in raw materials for sustainable bulk packaging solutions are likely to aid growth in the industry.

In spite of the positive prospects of the collapsible sleeve container market, low awareness about the packaging formats and environmental concerns over raw materials are expected to hold back market growth.

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Key Takeaways The size of the collapsible sleeve containers market was US$ 4.6 billion, with food and agriculture logistics applications being major driving factors for the market. Food and beverage packaging applications will remain the primary source of revenue, driven by improvements to raw materials and associated barrier characteristics. Block pallets will account for higher demand, supported by weight and cost benefits in operations, which can be attributed for over 70% of the market share. East Asia is the leading regional market for collapsible sleeve containers, supported by the higher uptake of rigid packaging in the niches of building and textile sectors.

“Collapsible sleeve container manufacturers are likely to gain from rising disposable incomes of middle-class consumer populations who have become open to novel packaging solutions. Sleeve containers are also being increasingly made from recyclable materials which will aid in reducing the carbon footprint in the industry, thereby driving growth in the market,” said an FMI analyst.

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Covid-19 Impact Analysis

The coronavirus pandemic has had a moderately impact on the global collapsible sleeve containers market. Restrictions on production facilities due to lockdown regulations and disrupted supply chains for raw materials have hurt short-term growth prospects.

Manufacturers are likely to leverage the demand for essential commodities including food & beverage and pharmaceutical products to generate lucrative opportunities in the adoption of collapsible packaging formats.

Also, the expansion of the ecommerce sector during the crisis period and purchases of drugs and food through these channels are likely to result in growth opportunities, partially mitigating losses during the pandemic.

Competitive Landscape

Key players in the collapsible sleeve containers market include but are not limited to DS Smith plc, Schoeller Allibert Services B.V., Corn-Pearl North America Inc., Rehrig Pacific Company Inc., TranPak Inc., RPP Containers, Sohner Plastics LLC, Schuert Tectnologies LLC, CABKA Group, Buckhorn Inc., Reusable Transport Packaging Inc., Prairie Plastics Holdings LLC, Ribawood S.A., Qingdao CNplast Co. Ltd., and Enlightening Pallet Industry Co. Ltd.

Manufacturers are increasingly relying on product development and launch strategies to incorporate new, sustainable materials in addition to geographical expansion endeavors to offer improved solutions and to bolster consumer base in fragmented market landscapes.

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More Insights on the Global Collapsible Sleeve Container Market

In a new report, Future Market Insights offers a detailed analysis of the global collapsible sleeve container market covering historical demand from 2015 – 2019 and forecast data for the period between 2020 and 2030. The study covers projections of growth in the market in terms of box type (48x40x30”, 48x40x34”, and 48x40x45”), pallet type (block pallet, stringer pallet, and customized pallet), and end use (agriculture & allied industries, building & construction, chemical & pharmaceuticals, food & beverages, engineering products, textile & handicrafts, automotive & others), across seven key regions.

About Packaging Division at Future Market Insights

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

The global market for sport caps and closures market will expand at 4.4% CAGR through 2030, according to a new study by ESOMAR-certified firm Future Market Insights (FMI). The study opines that demand for advanced, eco-friendly products coupled with the development of innovative designs will drive the market to US$ 1.47 Bn by 2030.

Having studied the impact of the COVID-19 pandemic, the report opines the market is likely to experience fluctuations in its growth trajectory owing to pandemic-related practical difficulties such as production terminations, supply chain disruptions, and a general demand contraction for non-essential goods.

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On a positive note, the long-term growth prospects of the market are expected to remain intact as operations gradually restart in Europe, which is a prominent regional market for sport caps and closures.

According to the study, surging demand for lightweight caps and closures is expected to shape growth strategies of the market players. Owing to benefits such as better size control, short cycle time, and lower operating torque, lightweight caps, and closures are gaining remarkable traction among end-users.

Market players are shifting focus towards customization of their existing products to lower the weight and plastic content.

Key Takeaways

• Screw closures account for two-third share owing to their proven efficiency to offer effective sealing to the containers.
• Plastic-based sport caps and closures remain the top-selling variant, despite regulations and blanket ban
• Sport caps and closures with a diameter ranging between 21 mm and 30 mm are poised to account for more than 50% of market value.
• North America is projected to remain the most lucrative region through the assessment period, accounting for nearly 1/3rd of market value, backed by the presence of leading players
• Europe will prevail as the second most lucrative region, holding a quarter of the market value.
• East Asia and South Asia are foreseen to collectively capture over 1/4th of global value by the end of 2030.

“Market players are focusing on making products eco-friendlier to comply with the environmental regulations in place and are opting for recycled and recyclable plastic raw materials to achieve the same,” remarks FMI analyst.

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COVID-19 Impact on Sport Caps and Closures Market

The COVID-19 pandemic has led to muted demand for non-essential packaging solutions and sport caps and closures are no different.

Sporting events and fitness centers have remained crucial factors driving the demand for sport caps and closures, where they are used to store sports drinks, energy drinks, steel beverages, and water, among other beverages. The cancellation of major sporting events and shut-down of fitness centers to contain the outbreak are expected to create a contraction in demand during the pandemic.

On the supply side, disruptions such as hindered productions, workforce shortages, disturbances in delivery networks are leading to a plummet in production volume, thus adversely impacting the overall growth.

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Who is Winning?

Key players operating in the market are adopting organic growth strategies such as upscaling production capabilities, expanding geographical presence, and enhancing their product portfolios. On these lines:

• In June 2020, Silgan Holdings Inc. acquired Albea’s Global Dispensing Business to enhance its closures product section.
• In March 2020, Berry Global invested US$ 30 Mn to expand its production capacity of ultra-high performance sport caps and closures in its North American manufacturing facility.
• In Aug 2019, Aptar Inc. entered a partnership with Nippon closures to work on innovative tethered beverage closures solutions.

FMI’s report includes profiles of some of the most prominent names in the market including Berry Global Inc., Silgan Holdings Inc., Aptar Group, Inc., BERICAP Holding GmbH, Closure Systems International, Inc., UNITED CAPS, Pro-Pac Packaging Limited, Caps & Closures Pty Ltd., Georg MENSHEN GmbH & Co. KG and Blackhawk Molding Co, Inc.

Hermetic packaging market players are looking to consolidate their position by offering high-quality, yet cost-effective solutions to end-users, according to a new study by Future Market Insights. The market study tracks global hermetic packaging sales globally for the period 2020-2030

Hermetic packaging has acquired immense importance across the packaging industry. Over the years, hermetic packaging has been adopted across several important industries, most notably in the electronics sector. The ability to offer enhanced protection from hostile environmental conditions makes them a highly preferred approach by leading electronics manufacturers.

Some applications of hermetic sealing include thermostats, semiconductor electronics, MEMS, switches and optical devices. These electronic parts may be hermetically sealed to prevent damage from water vapor or other forms of moisture and other highly volatile elements. Additionally, surveillance equipment for defense and military also make exhaustive usage of hermetic seals.

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Key Takeaways from FMI’s Hermetic Packaging Report

• Transponder glass hermetic packaging to capture the lion’s share of the market
• Rising national security concerns to accelerate defense & military equipment demand, leading to proliferation of defense hermetic packaging
• Ceramic to metal sealing to emerge as the fastest expanding hermetic packaging solution
• China to emerge as a hotbed for hermetic packaging, attributed to rising demand for consumer electronics

“Deepening penetration of smart technologies is expected to heighten demand for smart devices, prompting vendors to enhance research capacities to launch robust hermetic packaging solutions,” infers the FMI analyst

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COVID-19 Impact Insights

The COVID-19 pandemic has resulted in adverse financial impediments across several industry verticals. With economies of countries witnessing a slump in their GDPs and trade volumes, revenue margins are declining rapidly, inducing major sluggishness.

The hermetic packaging market is among the industries which are affected by the pandemic. However, this slowdown is expected to be moderate as demand for electronic goods such as smartphones and laptops is increasing in the wake of issuance of work from home guidelines.

Also, demand in the defense sector is likely to sustain demand for hermetic packaging, as national security concerns have acquired an even greater priority due to concerns of foreign aggression amongst the world’s major military powers such as the United States, China and India.

Leading Hermetic Packaging Market Players

The global hermetic packaging market comprises of several prominent players who are vying to acquire a significant competitive edge by deploying multiple expansion strategies, including research capacity expansion, foraying into untapped markets, product launches and collaborations.

Some leading players in this landscape are AMETEK Inc., Amkor Technology Inc., Egide SA, Kyocera Corporation, Legacy Technologies Inc., Materion Corporation, Micross Components, SCHOTT AG, Teledyne Microelectric Technologies and Texas Instruments Inc.

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AMETEK Inc. is a leading player in the hermetic packaging market. In 2017, the company expanded its electronic components and packaging business division by incorporating its Aegis, Glasseal, SCP, Hermetic Seal, Coining and Sealtron brands under a single umbrella.

With respect to solution offerings, Kyocera Corporation provides glass hermetic feedthroughs and connectors in the form of D-subminiature connectors and RF coaxial feedthroughs. These fittings are used for a variety of applications, ranging from scientific and technological equipment to semiconductor manufacturing equipment.

More Valuable Insights on the Hermetic Packaging Market

Future Market Insights, in its new report, offers an unbiased analysis of the global hermetic packaging market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the hermetic packaging market on the basis of hermetic seal type (epoxy hermetic seals, glass to metal (GTM) hermetic seals, ceramic to metal (CTM) hermetic seals & glassware sealing), configuration (multilayer ceramic packages, metal can packages and pressed ceramic packages), application (semiconductor electronics, thermostats, optical devices, switches, microelectromechanical systems (MEMS), electrical or electronic parts & batteries) and end-use (electronics & electrical manufacturing, automotive & mechanical parts, aerospace, telecommunications, military & defense and others

” Future Market Insights (FMI) projects the global packaging laminates market to surge impressively, reaching ~US$ 9 Bn by 2030.”

Demand for effective packaging solutions has acquired center-stage across major industrial verticals. The reliance on conventional glass and metal based packaging is eroding in favor of more flexible and lightweight packaging material such as PP, paper and aluminum foils.

Various industries such as food, pharmaceuticals and cosmetics & personal care are increasing uptake of packaging laminates. Depending upon the end-use industry, vendors are introducing novel and specific packaging solutions derived from several flexible materials.

Features such as high puncture and tear resistance, longer shelf life and enhanced aesthetics is propelling the adoption of customized packaging solutions. Based on these trends, Future Market Insights (FMI) projects the global packaging laminates market to surge impressively, reaching ~US$ 9 Bn by 2030.

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Key Takeaways from the Packaging Laminates Study

• Europe & East Asia to collectively dominate the market, capturing nearly 40% of the revenue share
• Food industry to witness maximum packaging laminates application, capturing more than half of the total market share
• Non-aseptic packaging to supersede aseptic packing growth, accounting for more than 50% of the revenue
• 30-45 microns thickness packaging materials to hold maximum sway, registering an incremental opportunity worth US$ 1.6 Bn by 2030
• Global packaging laminates market to record a value CAGR worth ~5% from 2020-2030

“Strict environmental compliance measures to reduce wastage is compelling vendors to introduce eco-friendly & sustainable packaging material, providing traction to future growth,” infers an FMI analyst.

COVID-19 Impact Insights

The COVID-19 pandemic has induced major sluggishness across several end-use industries, attributed to cessation of production cycles amid strict lockdowns. Falling industrial production has also impeded demand for packaging laminates across major domains. However, demand is largely being sustained by the food & pharmaceutical industries.

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An uptick in consumption of healthcare consumables, fresh & processed ready-to-eat foods and hygiene & homecare products is prompting vendors to strengthen their supply chains. Additionally, rising e-commerce activities have opened up fertile grounds for the proliferation of packaging laminates.

If existing lockdown measures continue to remain enforced, projected recovery across other industries is anticipated to be slow, leading to a sluggish trajectory. However, if they are relaxed, growth will pick up pace from the beginning of 2021.

Competitive Intelligence

The packaging laminates players rely on strengthening local distribution networks and expansion of product portfolio by virtue of offering industry specific packaging solutions. Besides, they also rely on acquisitions and collaborations with rival players.

For instance, Mondi Group Plc is generating substantial revenue by targeting industrial and consumer packaging needs. Its product portfolio includes fibre packaging, packaging paper, consumer packaging and uncoated fine paper.

Likewise, Berry Group Global Inc. markets industrial tapes & adhesives, flexible packaging, polyethylene-based plastic films, heat-shrinkable solutions and protection solutions. It also provides solutions for food, personal care and cosmetic industries. In July 2019, the company acquired RPC Group plc to expand its plastic packaging portfolio.

Jindal Poly Films Limited, a prominent Indian player, is concentrating on expanding its production capacities by virtue of acquiring and collaborating with local and global players. The company plans to expand its 2^nd nonwoven spunmelt fabric line in India by investing approximately US$ 56.4 million.

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More Insights on the Packaging Laminates Market

Future Market Insights, in its new report, offers an unbiased analysis of the global packaging laminates market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the packaging laminates market on the basis of material type (aluminum foil, paper and paperboard, metallized PP, metallized PET, metallized PA, metallized PE, metallized PVC and others), thickness (Up to 30 Microns, 30-45 Microns, 45-60 Microns and Above 60 Microns), application (aseptic packaging and non-aseptic packaging), end use industry (food, pharmaceuticals, cosmetics & personal care and others) and across seven regions.