Market Research Blog – Page 13601 – New Product Development

Flexible Packaging Paper Market – Future Scenario, Key Insights, Top Companies 2028

In the recent years, flexible food packaging have seen significant rise in innovation due to technological advancement. One such type of flexible packaging is flexible packaging paper which has witness an upsurge in the demand. Flexible packaging paper is mainly used for the packaging of several food items such as confectioneries, snacks, coffee, sugar, etc. In addition, growing concern related to disposal of plastic waste has created growth opportunities for flexible packaging paper market. Furthermore, flexible packaging paper for other than food items can be used for several end uses, for example, personal care & cosmetics, pharmaceutical, consumer goods, etc.

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Examples of some of the key players operating in the global flexible packaging paper market are Sappi Limited, Smurfit Kappa Group plc, Mondi Group Plc, International Paper Company, DS Smith Packaging Limited, WestRock Company, Nippon Paper Industries Co., Ltd., Oji Holdings Corporation, Stora Enso Oyj, Georgia-Pacific LLC, Billerud Korsnäs AB, Packaging Corporation of America, Pratt Industries, Inc., Kap Stone Paper and Packaging Corp, etc.

The flexible packaging paper market is expected to grow considerably due to increasing adoption of ecofriendly packaging products by consumers. Flexible packaging paper is widely preferred due to its properties such as lightweight, cost-effectiveness and durability. Flexible packaging paper products requires smaller space on shelves as compared to rigid packaging products. In addition, flexible packaging paper also provides a wide range of presentation possibilities that help product manufacturers increase aesthetic appeal of the product and also enhance product branding. On the other hand, the plastic flexible packaging have better tensile strength as compared to flexible packaging paper, which is a factor expected to hamper the growth of the market.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Flexible Packaging Paper market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

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The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Flexible Packaging Paper market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

The global flexible packaging paper market is segmented by material type, packaging type, distribution channel, and end-use industry. The pricing for flexible packaging paper has being done based on material type segment in US$ million, and the volume is considered in tonnes.

On the basis of material type, the global flexible packaging paper market is segmented into –

Coated Unbleached Kraft Paperboard (CUK)
Solid Bleached Sulfate (SBS)
Coated Recycled Paper (CRP)
Waxed Paper

On the basis of packaging type, the global flexible packaging paper market is segmented into –

Wraps
Cartons
Bags & Sacks
Envelops
Lids
Pouch
Sachet
Others

On the basis of distribution channel, the global flexible packaging papermarket is segmented into –

Retail
E-commerce

On the basis of end-use industry, the global flexible packaging papermarket is segmented into –

Food & Beverages
Personal Care & Cosmetics
Pharmaceutical
Agriculture
Electrical & Electronics
Consumer Goods

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Important Questions Answered in the Flexible Packaging Paper Market Report

Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Flexible Packaging Paper market been expanding during the forecast period?
How will the global Flexible Packaging Paper market look like by the end of the forecast period?
What innovative strategies are adopted by Flexible Packaging Paper market players to stay ahead of the pack?

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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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Hot Stamping Foil Market : Value Chain, Stakeholder Analysis and Trends by 2028

Hot stamping is a printing process in which pre-dried ink or foils are transferred to the surface of the object at a very high temperature. It is one of the important and non-polluting processes used for the decoration of various products. Various types of hot stamping foils such as metalized foils, pigmented foils, holographic foils, and other specialty foils, are available in the market and used for different applications. Hot stamping foil increases the aesthetic appeal of the product, thereby attracting consumer attention. The addition of extra layers on the surface of the object also helps to increase the shelf life of the product. Hot stamping foils are widely used in areas like plastics, paper, cosmetics, greeting cards, and other packaging and graphics industries where appearance, color, and workability are essential. Also, the eco-friendly nature of hot stamping foil is likely to create a positive outlook for the growth of the global hot stamping foil market during the forecast period.

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Hot Stamping Foil Market: DynamicsIn order to spark consumer interest, various packaging manufacturers are focusing on the aesthetic appeal of products. Thus, the hot stamping process and hot stamping foils have gained enormous importance in the printing and packaging industry as it enhances product appeal and makes its packaging distinguished from others. This factor is expected to fuel the growth of the global hot stamping foil market during the forecast period. High durability and workability over various printing processes also appear as essential factors for the growth of the global hot stamping foil market. The exceptional offerings of hot stamping foil such as heat distortion, as well as scratch, moisture, abrasion and chemical resistance, makes it ideal for various packaging applications. Such factors are foreseen to diversify the uses of hot stamping foil in multiple areas, which ultimately push the growth of the global hot stamping foil market during the forecast period.

The continuous expansion of the packaging and printing industries across the globe and increasing use of hot stamping foil for decorative purposes is anticipated to drive the growth of the hot stamping foil market throughout the next decades. Also, the biodegradable and recyclable nature of hot stamping foil ensures no negative impact on the environment. Overall, the global outlook for the growth of hot stamping foil market is expected to remain positive during the forecast period.

Hot Stamping Foil Market: Regional Outlook

Western Europe is expected to dominate the global hot stamping foil market during the forecast period accounting the largest market share. The rapid expansion of food & beverage, cosmetics & personal care, automotive, and other industries are likely to create significant demand for hot stamping foil during the forecast period. The major economies such as Germany, the U.K., France, and Italy are expected to drive the Western Europe hot stamping foil market during the forecast period. Overall, Western Europe is expected to register a positive growth rate of hot stamping foil during the forecast period. North America is a significant shareholder of the global hot stamping foil market and is expected to record notable growth rate during the forecast period.

Rising adoption of hot stamping foil in packaging and printing applications is expected to push the growth of the hot stamping foil market. The U.S. is expected to be highly attractive in terms of market share, while Canada is likely to register a high growth rate in the hot stamping foil market. The Asia Pacific excluding Japan (APEJ) is expected to be a rapidly growing market for hot stamping foil. The growth of the packaging industry in the APEJ region appears to be a key factor in the growth of the hot stamping foil market. China is estimated to account for a significant market share, while India is expected to register a high growth rate in the hot stamping foil market during the forecast period.

Hot Stamping Foil Market: Key Players

Examples of some of the key players operating in the global hot stamping foil market are:

UNIVACCO Foils Corporation
Spartanics
Rasik Products Pvt. Ltd.
Point Scandinavia AB
Foil Stamp Solutions
Interfilms India Pvt. Ltd.
Sparkle Foil N Films
Peyer
Foilco Limited
ITW Foils

Hot Stamping Foil Market: Key Trends

Some of the key trends observed among the hot stamping foil manufacturers are listed below:

Manufacturers such as UNIVACCO Foils Corporation and Foilco Limited are focusing on developing and producing high-quality hot stamping foils.
To retain and increase customer base, various manufacturers are channeling their efforts to provide technical as well as value added service to their customers.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Regional Analysis Includes-

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

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Hot Stamping Foil Market: Segmentation

On the basis of material type, the hot stamping foil market is segmented into:

Polyethylene
Polypropylene
Polyethylene Terephthalate
Polyvinyl Chloride
Polystyrene
Aluminum
Others

On the basis of type, the hot stamping foil market is segmented into:

Metallized Foil
Pigment Foil
Effects Foil
Holographic Foil
Scratch-Off Foil
Signature Panel Foil
Other Specialty Foil

On the basis of application, the hot stamping foil market is segmented into:

Printing
Packaging

On the basis of end use, the hot stamping foil market is segmented into:

Food & Beverage
Cosmetics & Personal Care
Textile
Healthcare
Consumer Goods
Electronics & Electricals
Automotive
Gift, Toys, & Stationery
Publication & Commercial
Others

Hot Stamping Foil Market Reports Highlights:

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

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Passive Temperature-Controlled Packaging Solutions Market Latest Advancements and Business Opportunities 2031

According to Future Market Insights (FMI), the global passive temperature-controlled packaging solutions market is projected to reach US$ 10.6 Bn, exhibiting growth at 9.1% CAGR between 2021 and 2031.

These solutions are required when the products packaged are sensitive to the external atmospheric conditions and are required to be kept under certain temperature ranges.

The passive temperature-controlled packaging solutions aids in maintaining the required temperature parameters during the storage and transportation of the temperature-sensitive products.

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Further, passive temperature-controlled packaging solutions are extensively used in pharmaceutical and food & beverage end-use industries as efficient packaging solutions for products that are affected by temperature fluctuations.

Growing demand for effective yet cost-efficient packaging solutions is anticipated to augment the demand for passive temperature-controlled packaging solutions.

Additionally, biologic and pharmaceutical drugs are among some of the most critical commodities in terms of required safety measures during transportation. Passive temperature-controlled packaging solutions are widely used for biologics and pharmaceutical products which require optimal temperature handling for a longer duration during shipping and logistics activities.

These products require different temperature ranges when they are shipped to warehouses, and a proper compilation is necessary to deliver them to pharmacies. Passive temperature-controlled packaging solutions provide the flexibility of transportation and ease of handling.

They also reduce and prevent any damage to the products during transportation. Moreover, pharmaceutical products are temperature sensitive and could be harmful to patients if they are not handled properly during transit and storage.

On the back of these aforementioned factors, sales of passive temperature-controlled packaging solutions are expected to reach US$ 25.3 Bn by the end of 2031.

Key Takeaways:

Based on product type, the insulated containers segment is anticipated to remain the leading segment, accounting for over 60% of market share by the end of 2031.
In terms of application, the frozen segment is estimated to expand at a CAGR of 9.4%, contributing nearly 49% of overall sales by the end of 2031.
By end-use industry, the pharmaceutical segment is anticipated to expand at a CAGR of 9.8% during 2021-2031.
The U.S. is expected to spearhead the growth of North America passive temperature-controlled packaging solutions market over the forecast period

“Several international health agencies and organizations such as World Health Organization are focusing on reducing the wastage of vaccines across the globe. Hence, various programs are initiated to monitor and curb wastage of vaccines during the handling and transportation. These programs are anticipated to positively influence the passive temperature-controlled packaging solutions market.” says an FMI analyst.

Increasing Demand for Passive Temperature-Controlled Packaging Solutions in Food and Beverage Industry to Drive Market

Increasing demand for perishable food products such as meat, seafood, and dairy products is fueling the need for passive temperature-controlled packaging solutions. These solutions offer adequate temperature assurance during transit and storage. Thus, food companies are exhibiting higher inclination for passive temperature-controlled packaging solutions as a cost-effective means for packaging.

Passive temperature-controlled packaging solutions are available in a variety of specifications in terms of shape, size, insulation and packaging format which is highly desirable among manufacturers of the food and beverage industry.

The players in the passive temperature-controlled packaging solutions industry offer an array of products targeted toward specific applications in the food and beverage industry. The specially designed packaging solution for specific applications helps in attracting players in the food and beverage end-use industry that are in search of custom packaging solutions for their products.

There is consistent growth in the number of frozen food items launched in the market that are either exotic or ready to cook. These frozen food products are required to be stored under specific atmospheric conditions during transit to achieve the desired shelf life which is often achieved with the help of passive temperature-controlled packaging solutions.

The increasing demand for passive temperature-controlled packaging solutions in the food and beverage industry can be a revenue-generating opportunity for the manufacturers and is anticipated to drive the growth of the target market.

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Who is Winning?

GEBHARDT Logistic Solutions GmbH, Sonoco Products Company, ACH Foam Technologies, LLC and Cold Chain Technologies are the top players operating in the target market. Furthermore, va-Q-tec AG, Softbox Systems Ltd., Snyder Industries, Inc., are also noticeable players in the passive temperature-controlled packaging solutions market. The Tier 1 players in the market hold 10-15% markets share in the global market for passive temperature-controlled packaging solutions.

Passive Temperature-Controlled Packaging Solutions Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for passive temperature-controlled packaging solutions, analysing historical demand from 2014-2020 and forecast statistics for 2021-2031. The study reveals market growth projections on the passive temperature-controlled packaging solutions based on product type (insulated shipper (envelops & panels, EPS, PUR, VIP and others), insulated containers (chest and upright) and others), application (frozen, chilled and ambient) and end-use industry (pharmaceutical, food & beverage and others) across seven regions.

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Packaging Barrier Films Market Size, Share, Growth Trends, and Forecast Analysis to 2030

Global packaging barrier films market is expected to witness a definitive surge as the demand for safe packaging for food and beverages remains a grave concern. The risk of food spoilage while handling and storing is projected to fuel the uptake of packaging barrier films in the coming years. The impermeable nature of barrier films makes them ideal for storing packaged food.

Over the years, development of sturdy material that keep the contents away from exposure to oxygen and other gases has strengthened the case for these films. Furthermore, packaging barrier films do not react with packaged food, which makes an ideal choice.

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Analysts project that meat and fish will be the growing end use of packaging barrier films are they have the least oxygen transmission rate. The growing consumption of frozen food, lifestyle that dictate easting convenient food, and booming restaurant industry are expected to fuel the growth of this market in the coming years.

According to Future Market Insights, the global packaging barrier films market is expected to register a CAGR of 5.2% during the forecast period of 2020 and 2030.

Global Packaging Films Market Study and Findings

Packaging barrier films are highly preferred in the pouches and shrink films packaging. Hence, these application segments are expected to account for around 58% of the collective market share by the end of forecast period.
Food and beverages segment to account for significant uptake of packaging barrier films as demand for frozen food reaches all time high
Pharmaceutical industry to contribute as hospital admissions remain high throughout the globe
Emerging economies of India and China to be key raw material suppliers
LDPE to remain highly used material as it offers exceptional barrier to moisture, strength, and flexibility

“Packaging barrier films market is expected to see a remarkable rise in the coming years as food consumption patterns change drastically. With increasing investments in research and development to manufacture stronger films, manufacturers are expected to lure bigger consumer base. In the coming years, manufacturers are expected to focus on building a circular economy by ensuring these films are recycled and reused,” says FMI analyst.

Smaller Packs to Lead Growth for Packaging Barrier Films as Preference Shifts

The demand for packaging barrier films is expected to be driven by small sized packs, which are easily reusable. Growing number of travelers and increasing awareness about reusing plastic-made items have contributed to this demand. Demand for light weight packaging products has also defined the success of packaging barrier films.

Consumers are increasingly opting for peel able packaging solutions. The demand for these will be high in packaging of cheese, meats, and poultry products. Thus, the growing consumption of these products will indirectly affect the sales of packaging barrier films.

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COVID-19 Impact on Packaging Barrier Films

The impact of COVID-19 can be felt on global packaging barrier films as the sales of cosmetics have suffered to a great degree. The market has taken a hit due to ban on international travel and trade. Furthermore, stringent lockdowns that restricted e-commerce industry as well have led to a drop in the sales of packaging barrier films in the first two quarters of 2020.

However, analysts project that the demand for packaging barrier films is expected to regain normalcy as its demand picks up in pharmaceutical and food and beverage industry. As restaurants open for delivery and with limited capacity, they are further expected give the global market an impetus.

Packaging Barrier Films Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global packaging barrier films market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The collation shrink films market is segmented into material (PE, BOPET, PP, inorganic oxides, aluminum, polyamide, PVDC, EVOH, and others), product type (metallized films, organic coating films, inorganic oxide coating films, and other barrier films), barrier type (low barrier, medium barrier, high barrier, and ultra-high barrier), application (pouches, blister pack base webs, shrink films, stretch wraps, sachets, and lids) across seven regions.

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Zipper Pouch Market Key Insights, Profiling Companies and Growth Strategies by 2031

Zipper pouches will emerge as top-selling packaging solutions in the packaged food industry in the coming decade. In its latest study Future Market Insights (FMI) predicts sales to expand at a CAGR of 5.3% between 2021 and 2031. The overall valuation of the market is projected to surpass US$ 2.1 Bn by the end of 2021.

Disruptions in the supply chain following the outbreak of the coronavirus and consequent restrictions on movement and transport have negatively impacted sales. However, recovery is likely through 2021 and beyond. Expansion of the packaged food industry and the ever-growing demand for fresh produce will offer ample growth opportunities to manufacturers in upcoming years.

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Zipper pouches are accepted worldwide because they are both re-sealable and re-usable. These products also offer strong barriers to external atmosphere and temperature fluctuations. Applications of zipper pouches in the pharmaceutical, cosmetics, and personal care industries are gaining traction.

Marketers and retailers are able leverage zipper pouches to fulfil demand for packaging aesthetics. Also, consumer convenience through clear packaging attributes is likely to fuel demand for the foreseeable future.

In recent years, manufacturing giants have shifted their focus on the use of recyclable raw materials such as polyethylene (PE), polyvinyl chloride (PVC) and polypropylene (PP). Improvements in machinery have enabled large scale production with minimal waste.

Largely, the zipper pouch market is projected to grow supported by the usage of sustainable materials and green practices by producers and end-use industries.

Key Takeaways from the Zipper Pouch Market Study

Stand up zipper pouches account for more than 79% market value, owing to relative ease of use.
In North America, the U.S. holds a market share of almost 89% in 2021, driven by a matured packaged food sector.
The zipper pouch market in Germany is anticipated to exhibit a growth rate of 5% supported by the large-scale manufacturing sector of the country.
India is a fast-growing market in APEJ, driven by a large consumer base and changing consumer food and beverage consumption trends.
Zipper pouches are most widely used packaging various types of food products, as it holds almost 76% of market share in the year 2021.

“Expansion of the global zipper pouch market is largely driven by a surge in demand for packaged foods. The need to preserve food items and offer protection against harsh atmospheric conditions have aided developments in the industry. Most manufacturers are focusing eco-friendly raw materials and sustainable practices for producing making zipper pouches” says the FMI analyst.

Shifting Consumer Preference Towards Resealable Packaging Drives Demand

The trend of stand-up pouches is driven by consumer preference for lightweight, portable, and resealable products. Companies are focusing on developing reusable, recyclable, and durable pouches.

These stand-up pouches are specially made with polyethylene terephthalate, polyethylene or Ethylene Vinyl Alcohol (EVOH) with integrated zippers and are also available in partially transparent variables.

The product is lightweight, recyclable and is mainly used for packaging dry and frozen food. This shift in packaging trends is resulting in a surge in adoption of zipper pouches with significant demand arising from household applications.

Zipper Pouch Market by Category

By Product Type:

Stand Up Zipper Pouch
Flat Zipper Pouch

By Material Type:

Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
Aluminum Laminates
Paper
Others

By Closure Type:

Slider Zip
Press to Close

By End Use:

Food
- Fruits & Vegetables
- Meat, Poultry & Sea Food
- Bakery & Confectionery
- Ready-to-eat food
- Dairy Products
- Cereals
- Pet Food
Pharmaceuticals
Cosmetics & Personal Care

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Zipper Pouch Market Landscape

Key players contribute 20-30% of the global market. Market leaders are largely engaged in strategies to expand production capacity while investing in material innovations to improve on packaging barrier properties.

Berry Global Group, Amcor plc and Rengo Co. Ltd., Transcontinental Inc., C.I. Takiron Corporation and Novolex Holdings, LLC are some of the leading players in the zipper pouch market

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Security Bags Market Latest Advancements and Business Opportunities 2031

In a recent market survey, Future Market Insights (FMI) has projected the demand in the security bags market to grow by 8% CAGR between 2021 and 2031. The overall security bags market size is expected to total US$ 419 Mn in 2021. Growing public sector investments in the development of secure packaging solutions are expected to push sales of security bags over the assessment period.

Amid the COVID-19 outbreak, sales of security bags gained traction, exhibiting year-over-year growth at 8.3% between 2020 and 2021. Security bags were widely being adopted for secure handling and transport of novel drugs and vaccines to contain the market, which in turn propelled sales of security bags in the pharmaceutical sector.

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This trend is expected to continue in the forthcoming years, as several countries are still bearing the brunt of the COVID-19 pandemic. Growing demand for security bags for no-contact delivery of pharmaceuticals and other non-essential goods delivered through eCommerce is expected to bode well for the market.

Apart from this, increasing adoption of security bags in financial institutions such as banks and credit unions will continue augmenting growth of the market. Tamper-proof security bags are ideal for transferring and storing cash and coins, as thieves can’t steal the contents without leaving any trace.

Rising demand for sustainable security bags in hotels and casinos is compelling manufacturers to launch new variants of security bags made of recyclable materials. Consumers are increasingly preferring recyclable packaging solutions to reduce their carbon footprint as a part of their social responsibilities. This is expected to create lucrative opportunities for existing players and new entrants in the global security bags market.

“Increasing applications of security bags for safe handling of crime scene evidence in forensics and government organizations, coupled with growing demand for durable packaging in the eCommerce sector, will continue fostering growth of the market through 2031,” says an FMI analyst.

Key Takeaways:

Demand for plastic security bags is expected to remain high, owing to durability and optimal protection offered by plastic materials such as PVC and LDPE.
In terms of application, the pharmaceutical distribution segment is expected to account for a dominant share of the global security bags market.
Based on product type, opaque security bags will remain most preferred, due to their diverse applications in various end-use sectors.
Applications of security bags in financial institutions will continue gaining traction, owing to growing preference for reliable and sustainable packaging solutions.
The U.S. will continue exhibiting high demand for security bags. Sales of security bags in the North America region are expected to expand at a 7.6% CAGR through 2031.
The U.K. will emerge as a lucrative market, with demand for security bags growing at a 7.1% CAGR in the Europe market.
China is expected to command lion’s share of the East Asia security bags market over the forecast period.
Japan and South Korea will account for 14% and 9% of the East Asia security bags market share in 2021.

Security Bags Market by Category

By Raw Material Type:

Plastic
Paper
Fabric

By Product Type:

Opaque
Clear

By Application:

Cash/Coin Deposit Bags
Strap Bags
Card & Dice Bags
Evidence Bags
Pharmaceutical Distribution Bags

By End-Use:

Financial Institutions
Hospitals
Casinos
Hotels
National Retail Companies

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Competitive Landscape

Ampac Holdings LLC., Coveris Holdings S.A., Mega Fortris, KOROZO Ambalaj San.ve Tic A.S., and Harwal Ltd. are among the key players operating in the global security bags market. As per FMI, top 5 players in the security bags market are expected to account for 10-15% of the total market share in 2021.

Key players operating in the global security bags market are investing in research and development to improve their product portfolios by offering sustainable security bags. Apart from this, players are also investing in mergers, acquisitions, collaborations to expand their global footprint. For instance:

In July 2021, ProAmpac, a global leader in flexible packaging and material sciences, acquired Euroflex, an Ireland-based flexible printing firm that develops films, lamination, tamper-proof security bags, and pouching packaging solutions.
In November 2019, Korozo acquired Vitra NV and Creavit NV. Vitra NV is a Belgium-based packaging firm that specializes in thin films packaging, labels, security bags, and small-sized bags for transit and postal services. Creavit NV is an in-house design and pre-press department owned by Vitra.

More Insights into the Security Bags Market Report

In its latest report, FMI offers an unbiased analysis of the global security bags market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of raw material type (plastic, paper, and fabric), product type (opaque and clear), application type (cash/coin deposit bags, strap bags, card & dice bags, evidence bags, and pharmaceutical distribution bags), and end-use (financial institutes, hospitals, casinos, hotels, national retail companies, government organizations, courier service companies, and academic institutions) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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Next Generation Packaging Market : Value Chain, Stakeholder Analysis and Trends by 2025

Future Market Insights (FMI) delivers key insights on the global next generation packaging market in its upcoming report titled “Next Generation Packaging Market: Global Industry Analysis and Opportunity Assessment 2015-2025”. The global next generation packaging market is projected to expand at a CAGR of 6.01% during the forecast period due to various factors, regarding which FMI offers vital insights in detail in this report.

On the basis of applications, the market has been segmented into food & beverages, healthcare & pharmaceuticals, personal care, logistics & supply chain and others. The food & beverages applications segment is estimated to account for over 43% share of the global next generation packaging market by the end of 2015. The healthcare & pharmaceutical applications segment is expected to be the second largest segment, accounting for over 30% share of global next generation packaging market by the end of 2015. The personal care applications segment is expected to expand rapidly at a CAGR of 6.30% during the forecast period. Furthermore, the logistic & supply chain application segment in the market is expected to cross US$ 4.00 Bn mark by the end of 2025.

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On the basis of packaging type, the market has been segmented into various types, such as active packaging, intelligent packaging and modified atmosphere packaging (MAP). Among all the types, the active packaging segment is expected to hold the largest market share of over 36% by the end of 2015, followed by intelligent packaging segment, which is expected to account for over 33% share of the overall market by the end of 2015. The modified atmosphere packaging segment is expected to account for over 29% share of the overall market by the end of 2015, but it is expected to lose its share to other packaging types by the end of 2025.

Growth of the global next generation packaging market is mainly driven by increasing aging population, overall advances in packaging materials and rising need of sustainable packaging. Moreover, trends that are driving the growth of the next generation packaging market are increasing research and development spending on packaging technology, growing adoption of Quick Response (QR) codes on packaging and development of advanced sensors.

Browse Full “Next Generation Packaging Market: Global Industry Analysis and Opportunity Assessment 2015 – 2025” Market Research Report at https://www.futuremarketinsights.com/reports/next-generation-packaging-technology-market

This report covers trends that are driving the growth of each segment and respective sub-segments and offers analysis and insights on the potential of the next generation packaging market in specific regions. North America is expected to dominate the next generation packaging market, accounting for over 36% share of the overall market by the end of 2015, and is anticipated to remain dominant till the end of 2025. Western Europe is expected to be the second largest market, accounting for over 20% of market share by the end of 2015. APEJ and Japan, collectively, are expected to account for over 26% share of the total next generation packaging market by the end of 2015. Among all the regions, Latin America is anticipated to expand at the highest CAGR from 2015 to 2025, followed by the Middle East & Africa, due to increasing investment and economic development in these regions.

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Key players in the global next generation packaging market include Amcor Limited, WestRock Company (Formerly MeadWestvaco Corporation), Sonoco Products Company, Sealed Air Corporation, Stora Enso Oyj, Bemis Company, Inc., MULTIVAC, WS Packaging Group, Inc., Active Packaging Ltd. and ULMA Packaging, S.Coop .Currently, major participants, such as Amcor Limited and Sonoco Products Company, are focusing more on business expansion in emerging regions in order to enhance their global presence. In addition, these key players are also focusing on expanding their packaging portfolio through acquisitions and mergers. For example, in 2015, MeadWestVaco Corporation and Rock-Tenn Co. merged together by creating new WestRpck Company. This Merger will help them to be a second-largest packaging company in the U.S. In 2015, Stora Enso Oyj entered into a joint development agreement with NXP Semiconductors N.V. for developing intelligent packaging solutions. This development is intended to primarily focus on the integration of RFID technology into packaging, in order to enhance consumer engagement and improve supply chain efficiency.

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Ductless Heating and Cooling Systems Market to Cross US$ 228 Bn by 2032; China Remains a Key Market

Future Market Insights has released an exclusive research report, which shows that the ductless heating and cooling systems market is expected to grow at a CAGR of 8%, reaching US$ 228 Billion by 2032 from US$ 98 Billion in 2021.

The pandemic impacted negatively on every business, including the ductless heating and cooling systems market. However, non-residential development encountered the most challenges at the start of 2020 for the ductless heating and cooling systems market.

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Ductless heating and cooling systems are commonly utilized in residential buildings to heat and cool the indoor air. Therefore, ductless heating and cooling systems are most popular in residential buildings.

The demand for ductless heating and cooling systems is due to low energy consumption and ease of installation. In addition, the Asia-Pacific region’s fast-growing construction markets are boosting demand for ductless heating and cooling systems for residential buildings, thanks to the region’s growing population, rapid urbanization, and strong economic growth.

During the forecast period, sales of split ac with heater increased by roughly 15%. Increased sales of split ac with heater will result in more pollutants being emitted into the atmosphere while the devices operate.

Ductless mini-split, multi-splits, split-ductless, split-zoning, and variable refrigerant flows are all terms used to describe ductless mini split ac. These air conditioners or split heaters do not transfer air through ducting. Mini-splits are popular in Europe and Asia, but they account for less than 5% of the market in the United States.

Nevertheless, they’re a wonderful choice for older homes that lack the ductwork needed for a traditional ducted heating and cooling system, as well as homes or businesses with hot or cold zones.

As the demand for ductless heating and cooling systems grows, the amount of energy and power consumed during operation will also grow.

It is anticipated to result in higher total ductless heating and cooling systems costs and the development of environmentally sustainable cooling systems, exerting pressure on ductless heating and cooling systems manufacturers.

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In the case of ductless heating and cooling systems, there is a lack of awareness about the economic and environmental benefits of these systems; they are normally considered expensive, which makes ductless heating and cooling systems market opportunity challenging in the region.

Furthermore, there is also a lack of knowledge about energy-efficient ductless heating and cooling systems.

The Internet of Things (IoT) is when HVAC systems are connected to the Internet and data is shared. The Internet of Things enables the HVAC system to have low ongoing maintenance and repair expenses.

Cost-cutting, predictive maintenance, comfort heating and cooling, and healthy building performance are advantages of incorporating IoT into these applications. As a result, ductless heating and cooling systems will benefit from the growing adoption of IoT in the HVAC market.

Key Takeaways

In the United States, the ductless heating and cooling systems market growth is expected to reach $17.6 billion by 2020.
According to the report, China, the world’s second-biggest economy, is projected to reach a ductless heating and cooling systems market size of US$23.3 billion by 2027, with a CAGR of 10.8%.
As per the ductless heating and cooling systems market study, Japan and Canada are two other ductless heating and cooling systems markets expected to increase at 3.7% and 6.3%, respectively, from 2020 to 2027.
The study finds that Germany is anticipated to expand at a CAGR of around 4.5% in Europe.
Mini-split heating and cooling are forecasted to see a ductless heating and cooling systems market growth at an annual rate of 8% and reach US$65.9 billion by 2025.
The ductless heating and cooling systems market growth in the Window Air Conditioner Systems segment has been updated to a revised 5.4% CAGR.

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Competitive Landscape

Between 2022 and 2032, these companies used various organic and inorganic expansion tactics to increase their ductless heating and cooling systems market size. In addition, these leading companies used new product development, mergers, acquisitions, and expansion as important growth strategies to expand their product range and regional presence and address the growing demand for ductless heating and air conditioning units in emerging nations.

The leading ductless heating and cooling systems manufacturers are DAIKIN Industries (Japan), Mitsubishi, Johnson Controls (US), Carrier (US), Trane Technologies plc (US), LG Electronics (South Korea), Emerson Electric Co. (US), Fujitsu, Honeywell International Inc. (US), Mitsubishi Electric Corporation (Japan), Nortek Air Management (US), Samsung Electronics (South Korea), FUJITSU (Japan), GREE (China), Hitachi (Japan), Midea (China), Panasonic (Japan).

Carrier will introduce a new Toshiba Carrier touchscreen controller for VRF systems in North America in 2021, capable of linking up to 128 indoor devices to one simple interface.
Nortek Global HVAC (NGH), a prominent unit ductless heater manufacturer, revamped its whole Reznor brand of commercial, industrial, and residential gas-fired unit mini split heaters for the North American market in 2021.
Trane China introduced a new line of air cleaning systems in 2021 that uses modern technology to eliminate contaminants in interior spaces, such as particles, gases, and viruses. Under the new normal with the COVID-19 pandemic, the ductless heating, and cooling systems enhance indoor air quality (IAQ), build environmental safety, and meet people’s additional criteria for a safe, healthy, and comfortable indoor environment.

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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global Refrigeration Coolers Market is expected to have a moderate CAGR of 6% : FMI

According to the study, the rapid expansion of the organized retail sector, such as the number of hypermarkets and supermarkets, boosts overall sales of refrigeration coolers and commercial coolers, and in turn, contributes to the overall refrigeration coolers market size.

The refrigeration coolers market is predicted to move forward at a moderate pace with a CAGR of 6% from 2022 to 2032, following the refrigeration coolers market analysis by Future Market Insights (FMI).

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In the wake of the COVID-19 pandemic, increased demand for online grocery shopping and frozen food has prompted e-commerce companies to invest in refrigerated warehouses and cold storage, thereby facilitating the adoption of refrigeration coolers.

The installation of customized walk-in refrigerators is becoming more popular in recent years, and it emphasizes the importance of efficient refrigeration in commercial applications.

Though the refrigeration coolers market growth was disrupted to a certain extent by COVID-19 in the last couple of years, the manufacturing sector is expected to pick up the pace gradually in the coming months.

As a result, the refrigeration coolers market is expected to recover by mid-2022, with ease in lockdown in China, India, the United States, and Germany. In addition, vaccines have been available in several countries since December 2020.

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Due to the high cost of condensers, evaporators, and compressors, industrial freezers have a high installation cost. As a result, the total cost of installation rises, which is a significant impediment in the companies trying to augment their refrigeration coolers market share.

Working with ammonia-based refrigeration systems necessitates the use of safety equipment.

Ammonia, coupled with certain hydrocarbons, is a flammable and corrosive refrigerant that has proved to be life-threatening when inhaled. Thus, it mitigates the demand for refrigeration coolers.

The refrigeration coolers market is anticipated to garner a revenue of about US$ 5 Bn by 2027, with the factors mentioned above holding sway over the market.

Key Takeaways:

Based on product type, medical refrigeration is likely to gain traction, thereby influencing the emerging trends in the refrigeration coolers market trends, given the rising graph of commercial refrigerators for sale in hospitals and other medical facilities, particularly in emerging economies.
By application, the refrigeration coolers market is projected to be dominated by commercial applications owing to its wide array of applications. These coolers are helpful concerning commercial fridges, such as beverage fridges etc.
By refrigerant type, ammonia is expected to lead the industrial refrigeration market as it is a common refrigerant in industrial refrigeration systems around the world and meets the low-GWP standard.
As per the refrigeration coolers market outlook, the supermarket segment is estimated to account for the largest share of the global refrigeration market by end-use.
The refrigerator coolers market is forecasted to reach US$ 3.6 Bn by mid-2022.

“The refrigerated cooler market in Asia-Pacific is expected to grow at the fastest rate where A.P.A.C. includes countries like China, India, and Japan, which are global leaders in terms of refrigerated warehouse capacity, and global market players are seeing strong demand from countries like China, India, Japan, and South Korea, where a high demand for food primarily drives population growth, and in turn broadening the refrigeration coolers market opportunities.” says an F.M.I. researcher.

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Competitive Landscape:

A few notable commercial refrigeration companies are Daikin Industries Ltd., Haier Electronics Group Co., Ltd., Illinois Tool Works Inc. (I.T.W.), A.B. Electrolux, Panasonic Corporation, Ali Group Srl, Frigoglass S.A.I.C., Dover Corporation and United Technologies Corporation.

The major refrigeration coolers suppliers are acquiring and partnering with third-party distributors in other regions to expand their geographical footprint globally. Some of the recent developments in the refrigeration coolers market are as follows:

A.B.C.O., a leading distributor of refrigeration and HVAC systems in the United States, was acquired by Daikin North America L.L.C., a subsidiary of DAIKIN INDUSTRIES, Ltd. By acquiring A.B.C.O. branches, the company hoped to expand its reach in New Jersey, New York, and other nearby states in the United States.
The ‘quick-ship COVID-19 vaccine cold storage solution’ is provided by Arctic walk-in coolers and walk-in freezers. The company’s walk-in freezers and coolers are designed to be -40° C for vaccines that require freezing.

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District Cooling Market is poised to increase at a steady CAGR of 3%, reaching US$ 1.28 Bn by 2032

With an estimated CAGR of 3% during the projected period, the district cooling market share is expected to reach US$ 1.28 billion by 2032, finds a recent report published by FMI. The study finds that the rising demand for energy-efficient cooling technology proportionately reflects on the adoption of district cooling.

The adoption of district cooling systems around the world has stemmed from rapidly rising temperatures and the proven viability of district cooling plants over time. However, the study finds that the district cooling market in Asia Pacific has shown an impressive growth. With an increasing awareness of the need for energy conservation, a District Cooling Plant concept has acquired even more traction.

The sales of district cooling are likely to rise as the need for energy-efficient technologies rises to meet the ongoing construction boom.

Continued deployment of viable and sustainable cooling systems to accomplish energy-saving targets and increased production of sustainable building solutions is anticipated to support the district cooling industry.

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Furthermore, the growing use of renewable technology, combined with strict regulatory requirements to reduce pollution, would spur the district cooling market growth. Furthermore, severe climate circumstances would encourage district cooling due to rising surface temperature levels in the Middle East, Central Europe, and South Asian nations. Furthermore, over the forecasted period, total demand is increasing.

The population in tropical and hot temperature zones requires cooling to be more comfortable, particularly during the summer. As a result, air conditioner ownership is on the rise in these areas, according to the International Energy Agency (IEA). One of the most advanced markets for district cooling is the Middle East. The Middle East has been experiencing an increase in temperature in the summer, with temperatures exceeding 50 degrees Celsius, necessitating the adoption of district cooling.

When establishing a district cooling system, the limited availability of space for operating construction equipment is a significant construction issue. Other building obstacles include transporting equipment to a particular site and coordinating the efforts of the many contractors. One of the significant issues is ensuring that space for chiller plants and distribution pipelines is available. It isn’t easy to keep a district cooling plant running at near-total capacity all year. All-in-all, the district cooling market size is expected to reach a valuation of US$ 1.2 Bn by 2026.

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Key Takeaways:
During the projection period, the electric chillers market is predicted to be the largest segment in the district cooling market by production technology.
During the forecast period, the commercial segment is likely to be the leading proportion in the sales of the district cooling market by application. The expansion of the commercial segment of the district cooling market is predicted to be fuelled by the development of new infrastructure in Middle Eastern countries and the growing requirement for businesses to decrease their carbon footprint.
Asia’s major markets include Japan, India, Malaysia, Singapore, China, and South Korea. The Indian government has outlined ambitious projects like Smart Cities and Smart Grid, which are anticipated to drive the market in the coming years.
Attributed to the increasingly affluent population and increased construction activity, the Middle East and Africa are likely to dominate most of the district cooling market opportunities, particularly in nations like the United Arab Emirates, Saudi Arabia, and Qatar.

Competitive Landscape
As a large pool of players are present in the district cooling market, the nature of the market is fragmented. National Central Cooling Company PJSC (TABREED) (UAE), Emirates Central Cooling System Corporation (EMPOWER) (UAE), Emirates District Cooling, LLC (EMICOOL) (UAE), and Qatar District Cooling Company (QATAR COOL) are the top players in the global district cooling market.

The district cooling companies have been using strategic initiatives such as contracts and agreements, investments and expansions, partnerships, collaborations, alliances, and joint ventures to capture a larger district cooling market share.

Tabreed, a leading district cooling company, signed a significant strategic agreement with the International Finance Corporation (IFC), a World Bank Group member and the world’s largest development agency focused on the private sector in emerging economies, in December 2021. IFC has invested more than USD 321 billion in emerging nations since its founding in 1956.
Empower signed an agreement in November 2021 to acquire Dubai International Airport’s district cooling systems, with a total cooling capacity of 110,000 refrigeration tonnes (RT), for a total value of AED 1.1 billion, using an amalgamation of internal accruals and debt financing from local and international banks with whom Empower has close strategic relationships.

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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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