Patient Hygiene Aids Market is set to experience 6.5% growth during the year 2022-2031

According to the latest research by Future Market Insights, Patient Hygiene Aids Market is set to experience 6.5% growth during the year 2021-2031. Patient hygiene refers to the practice of maintaining cleanliness of the patient. It includes of sanitizing, washing and cleaning.

The upliftment of maintance of patient hygiene is one of the primary factors leading towards the growth if the global patient hygiene aids market.

What is Driving Demand for Patient Hygiene Aids Market

Hygiene is a series of role performed to preserve health and prevent spread of diseases. Patient hygiene aids market includes of bathing regularly, handling foods, washing hands and sexual cleanliness. Some practices are gender specified. Furthermore, increasing opportunities in developing economies also form a lucrative opportunity for the market upliftment.

Moreover, growing patient hygiene aids health expenditure is also driving the demand for Patient Hygiene Aids Market sales.

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Growth in disposable income is Likely to Augment Patient Hygiene Aids Market

Increment in the disposable income also with growing health expenditure in patient hygiene aids market is like to augment the market growth.

Furthermore, growing awareness among people in developed region for enhancement of quality and health of life is attributed to drive the demand for patient hygiene aids market.

For instance, according to National Health Expenditure there was 4.6 % increment in U.S. for patient hygiene aids.

Europe Demand Outlook for Patient Hygiene Aids Market

The European market for Patient Hygiene Aids Market is estimated to grow at a considerable rate during the forecast period.

This surge is due to economic development, expansion in healthcare infrastructure and also increasing initiatives by public and private organizations for awareness about the patient hygiene aids in this region is like to augment the Patient Hygiene Aids Market.

Moreover, increase in availability of hygienic products to proliferate the consumption of patient hygienic aids is the major of the major factor driving the Patient Hygiene Aids Market in this region.

Who are the Key Manufacturers and Suppliers of Patient Hygiene Aids Market

Some of the key players operating in the Patient Hygiene Aids Market are

Manufacturers in the market focus on carrying out certain strategic activities such as acquisitions and merger, expansion, product launch, etc.

For instance, as pandemic fuelled up demand for hygienic products was uplifted at significant pace.

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 in-depth analysis of parent market trends, macro-economic 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.

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Patient Hygiene Aids Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of 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

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Key Segment

By Gender Type:

  • Unisex
  • Male
  • Female

By Distribution Channel Type:

  • Retail Pharmacies
  • Hospital Based Pharmacies
  • E-Commerce
  • Others

By Product:

  • Hand sanitizers
  • Soaps
  • Others

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By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • The Middle East and Africa

Security Bags Sales to Rise at 8% CAGR Driven by Rising Demand for Sustainable Packaging Solutions in the Pharmaceutical Sector

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).

About us :

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.

Contact :

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Sachet Packaging Market Important Changes in Industry Dynamics during 2021-2031

Future Market Insights (FMI), in its new study, outlines the growth prospects of the sachet packaging market for the forecast period, 2021-2031. According to the report, worldwide sales of sachet packaging reached 999 billion units in 2021, equaling revenues worth US$ 8.7 Bn.

On-the-go culture continues to attest the convenience quotient of sachet packaging over other formats, which is further backed by a sizeable number of FMCG manufacturers who are opting for sachet marketing as a winning strategy. However, emergence of alternative flexible packaging solutions, such as stick packs or pouches, remain the potential threat to the growth of sachet packaging market as they require relatively less raw material.

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“Launching small-sized, one-time use product sachets has helped brands survive the retail revolution over the recent years. With technology innovations in packaging machinery are making a strong attempt to overcome the longstanding drawbacks facing the packaging industry, such as poor productivity, the FMI study finds that sachet packaging is rapidly emerging as a way to increase profit margins, as it requires lesser volumes to be filled in packages”.

Opportunities in Pharmaceutical Packaging Hinting Positive Prospects

The sachet packaging market is likely to expand at a CAGR of ~5.8% over the course of next eight years. First-time buyers have been the primary target for manufacturers selling products in small-sized sachets, according to the report. Furthermore, as modern consumers continue to develop interest in functional packaging, several brands are incorporating sachet packaging into their product marketing strategies, emphasizing increased number of trials and promotions.

Opportunities abound for sachet packaging market players in low-income countries, as retailers in these nations are adopting the small packaging trend over bulk packaging, target untapped consumer population. A growing focus of companies on increasing accessibility and affordability of products to ultimately penetrate new markets, has been significantly favoring the demand for sachet packaging.

Growth prospects of the sachet packaging market, as the report opines, are high in developing countries of Asia Pacific, accounting for one-third share of the total revenues. The growing importance of single-serve packaging among consumers for a multitude of products, especially cosmetics, personal care, and FMCG, has enabled market players to firm up within the region. Lighter, portable, and cost-effective nature of sachets continue to make sachet packaging an attractive proposition for the low-income consumers as well as young and active millennials.

According to the study, single-unit-use of sachets for pharmaceutical products is emerging as an effective way to overcome challenges posed by shorter shelf life or inaccurate doses. With increased healthcare expenditure and growing need for effective packaging which are child-resistant and senior-friendly, sachet packaging will have more ground to cover in the pharmaceutical sector. Sensing the potential growth opportunities, market players are focusing on investing in pharmaceutical machinery for sachet packaging format to facilitate ease of use and improved medicine management.

Key Segment

By Material Type

  • Plastic
    • Polyethylene
    • Polypropylene
    • PET
    • Polyamide
    • Others
  • Paper
  • Aluminum Foil
  • Others

By Pack Size

  • 1 ml – 10 ml
  • 11 ml – 20 ml
  • 21 ml – 30 ml
  • Above 30 ml

By Packaging Machinery

  • Vertical Form-fill-seal Machines (VFFS)
  • Horizontal Form-fill-seal Machines (VFFS)

By Application

  • Food
    • Sauces & Jams
    • Spice & Condiments
    • Tea & Coffee
    • Others
  • Personal Care & Cosmetics
    • Shampoo & Conditioners
    • Face packs & Gel
    • Hair Oil
  • Pharmaceuticals
  • Industrial
  • Sealants & Adhesives
  • Lubricants & Solvents
  • Tobacco

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Sachets – The Culprit of Waste Filling Oceans?

The study identifies restraints that could possibly create a hindrance in the growth of sachet packaging market. Single unit packages give access to high quality products at low prices and allow brands to gain significant profit and market share. However, they have become a waste nightmare, filling landfills and oceans. Several ‘zero-waste’ groups have been promoting innovative solutions to brands to replace sachets, while huge section of demographic in developed regions in North America and Europe continue to prefer bottles and large pack sizes.

FMI’s analysis further provides an incisive outlook of the competitive landscape, including discussions on the winning imperatives of the market players. In addition to expansion of existing capabilities, a number of stakeholders are following the strategy of consumer retention by offering customized solutions for product filling and management.

 

About us :

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.

Contact :

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Blow Fill Seal (BFS) Technology Market Expectations and Growth Trends Highlighted Until 2031

Blow fill seal (BFS) technology is highly sought-after as a preferred packaging solution in pharmaceutical manufacturing. It utilizes a single integrated machine to produce formulated drugs aseptically without any human intervention. According to Future Market Insights (FMI), the BFS technology market is set to reach US$ 2.6 Bn by the end of 2021. Overall growth forecast remains positive for the market, especially as demand for effective packaging technology continues to rise across various industries.

By using BFS technology, the plastic is blown, filled with the formulated product and sealed inside the machine continuously without any kind of external contamination. It is a fast, precise, and safe method for pharmaceutical filling and it uses lesser energy. The material used is often recyclable and more durable than glass. The machine is capable of producing different shapes according to the end user’s requirements. As BFS technology increases processing speed and supports contamination free packaging, this technology becomes a first choice of many end users.

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The BFS technology finds application across diverse industries. However, pharmaceutical industry remains its key end user. Main products produced using this technology are the bottles, ampoules, vials and pre-filled syringes, etc. which are used in filling of medicines, vaccines, ophthalmic, respiratory, injectable drugs, wound care, and biologics. Apart from this, BFS technology has applications in food & beverage, cosmetic and personal care, and many other industries.

Key Takeaways of Blow Fill Seal Technology Market Study

  • The BFS technology market is to exhibit 5.4% Y-o-Y growth in 2021
  • The U.S. will emerge as a highly lucrative destination, accounting for over 84% of the North America market
  • The U.K. is set to exhibit 8% Y-o-Y growth in 2021
  • France and Germany will emerge as highly lucrative markets for BFS technology in Europe
  • Japan and South Korea will continue exhibiting high demand

“Blow fill seal technology has been witnessing high demand from pharmaceutical companies in Latin America and Asia Pacific. Unit dosage packaging, such as prefilled syringes are in high demand, which in turn is spurring the demand for blow fill seal technology in these regions” says an FMI analyst.

Blow Fill Seal Technology Aids in Curbing Medical Non Adherence Issues

Over the past two decades, medical adherence has created a very critical situation for healthcare & pharmaceutical industry.

  • For instance: in USA, according to FMI study, it has been noticed that ~40%-50% of prescribed medications are not taken by the patients appropriately. Along with this, according to a study conducted by the Intercontinental Medical Statistics (IMS) health, it has been noticed that the matter of not taking medicine appropriately at right time is costing patients more than $200 Bn.

To contain the issue, the pharmaceutical industry is continually making efforts for improving medication packaging. The industry is focusing on appropriate and easy packaging for ensuring the matter of “right dose at right time”.

Against this backdrop, the demand for technologies that can instruct the patients to take accurate dose in a timely manner is rising. Companies, especially in North America are adopting blow fill seal technology to help to ensure better drug intake in a single dose.

Blow Fill Seal Technology Market by Category

By Product Type

  • Bottles
    • 0.2-100 ml
    • 100-500 ml
    • Above 500 ml
  • Ampules
    • 0.1-10 ml
    • 10-100 ml
  • Vials
    • 0.1-10 ml
    • 10-50 ml
  • Others(prefilled syringes & Injectables)

By Material Type

  • PE
    • LDPE
    • HDPE
  • PP
  • Others

By End Use

  • Pharmaceuticals
    • Ophthalmic
    • Injectables
  • Food & Beverage
  • Cosmetics & Personal Care
  • Others

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Blow Fill Seal Technology Market Landscape

Unither Pharmaceuticals SAS, Catalent, Inc., Curida AS, Unipharma LLC, Weiler Engineering Inc, GlaxoSmithKline plc, Takeda Pharmaceuticals International AG, Nephron Pharmaceuticals Corporation, Horizon Pharmaceutical Inc, Brevetti Angela S.R.L, Recipharm AB, Laboratorios SALVAT, S.A, The Ritedose Corporation, Unicep Packaging, LLC, Pharmapack Co. Ltd, Amanta Healthcare Ltd., Automatic Liquid Packaging Solutions LLC, Asept Pak, Inc and SIFI Spa are some of the keyplayers in the blow fill seal technology market. The blow fill seal technology market is fragmented and the Tier 1 players in the market hold 40-45% share in the global blow fill seal technology market.

Blow Fill Seal Technology Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global blow fill seal technology market, analysing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the blow fill seal technology market on the basis of product type (bottles (0.2-100 ml, 100-500ml, and above 500ml), ampules (0.1-10 ml and 10-100 ml), vials (0.1-10 ml and 10-50 ml), and others (prefilled syringes & injectables)), material type (PE, (LDPE and HDPE), PP, and others), end use (pharmaceuticals (ophthalmic, injectable, biologics, wound care and respiratory), food & beverage, cosmetics & personal care, and others across seven regions.

 

About us :

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.

Contact :

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Masking Tapes Market to Witness Stunning Growth by 2030

Driven by their industrious applications in heavy engineering operations, masking tapes are highly sought-after components in automotive, construction, aerospace, and other industries. As per a new study by Future Market Insights (FMI), the masking tapes market is set to exhibit 3.9% CAGR in 2021, as operations across industries resume post prolonged lockdown amid COVID-19.

Masking tapes developed to withstand high temperature are increasingly used for safety of automotive engines that easily tend to overheat. Against this backdrop, rising car sales are creating lucrative prospects for masking tape sales. Besides this, their increasing application in customization of vehicle will push growth of the market in the coming years.

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Improving applicability of masking tapes, thanks to recent innovations will cause increasing demand from building and construction industry. Rising spending on infrastructural development will, therefore, make emerging countries lucrative pockets for masking tapes sales. This trend however might be curtailed in near-term assessment period, as the industry struggles to cope with the unprecedented economic implications of COVID-19 outbreak.

Likewise, declining automotive sales could hamper growth of the market in 2020. Nonetheless recovery is on cards with countries resuming normalcy post extended period of lockdown. FMI presents an executive-level account of trends prevailing in the market in a new study.

Key Takeaways from Report 

  • By 2030, overall value of masking tapes market will reach US$8.06 Bn
  • In 2020, nearly 66.9% of materials used in masking tapes production were paper
  • More than 90% of masking tapes sold worldwide are single-sided and over 50% sold have rubber-based adhesive
  • Masking tapes are more commonly used in painting applications, which is expected to surge at 4.7% between 2020 and 2030
  • Building and construction applications will continue rising. In 2020, the industry exhibited maximum demand for masking tapes

“Through 2030, nearly 40% of masking tape applications will be attributed by building and construction sector. This is one sector that will have exclusive attention from market players. Companies are expected to launch cost-effective masking tapes and go-to tapes to offer industrial masking solutions. In line with soaring focus on environment, some of them, including Monta, have launched compostable tapes. This will create ample growth opportunities for the market,” said a lead analyst at FMI.

Sustainability Holds Immense Potential

In 2015, the member states of the United Nations adopted the 2030 Agenda for Sustainable Development that offered a shared plan for achieving sustainability based on five pillars: prosperity, planet, people, partnership, and peace. The agenda specified various principles and corresponding steps to be adopted by government, individual companies, and other associations to ensure sustainable development in the coming years. This has encouraged various companies, including masking tape manufacturers to adopt sustainability goals and adhere to eco-friendly production.

The year 2020 witnessed several launches in the sustainable category. For instance, addressing the need to offer sustainable solutions, a renowned German manufacturer and one of the leading adhesive tape suppliers, Monta has launched monta biopack, which is a new self-adhesive tape. According to the company, the tape is made from roughly 90% renewable resources.

With an increasing number of companies joining the sustainability bandwagon, masking tapes market will have novel drivers to capitalize on in the near future.

Masking Tapes Market Key Segment

By Backing Material Type

  • Foam
  • Glass Fiber
  • Foil
    • Aluminium Foil
    • Lead Foil
  • Paper
    • Crepe Paper
    • Washi Paper
    • kraft Paper
    • Flatback Paper
  • Plastic
    • Polymide(PI)
    • PVC/Vinyl
    • Polyethylene Terephthalate/Polyster
    • Fluropolymer

By Product Type

  • Single Sided
  • Double Sided

By Adhesive Type

  • Silicon-based Adhesive
  • Acrylic-based Adhesive
  • Rubber-based Adhesive

By Application Type

  • Painting
  • Planting
  • Abrasive Blasting
  • High Temperature Application
  • Thermal Spraying
  • General Use

By End-use

  • Automotive
  • Building & Construction

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Who is winning?

Some of the leading companies operating in the market are PPI Adhesive Products (C.E.) s.r.o., 3M Company, Shurtapes Technologies LLC., Intertapes Polymer Group Inc., Nitto Denko Corp, tesa SE Group, Ahlstrom Corporation, Saint-Gobain Performance Plastics Corporation, PPI Adhesive Products (C.E.) s.r.o., Berry Global Group Inc. Competition within the masking tapes market is expected to intensify in the coming years as companies engage in race of launching new products with greater performance.

For instance:

  • Kite Packaging launched four new packaging tapes to strengthen its existing range of tapes in 2019
  • Gascogne Flexible expanded its portfolio in 2020 with the launch of a new range of reinforced,  siliconised, and unbleached kraft laminate, called GASCOFORCE 826

Valuable Insights into Masking Tapes Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global masking tapes market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the masking tapes market based on backing material type (foam, glass foil, paper, plastic), product type (single sided and double sides), end-use industry (automotive, building and construction, aerospace, general industries, and others), adhesive type (silicone based adhesive, acrylic based adhesive, rubber based adhesive), and application (painting, planting, abrasive blasting, high temperature application, thermal spraying, and general use) across seven regions (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and the Middle East and Africa.

 

About us :

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.

Contact :

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Bulk Container Packaging Market Estimated to Expand at a Robust CAGR By 2031

Global bulk container packaging sales are set to grow at 3.1% in 2021, up from a modest 1.8% growth witnessed in 2020, according to latest insights presented by Future Market Insights (FMI). Bulk container packaging demand remained lackluster in 2020, mimicking the broader sluggishness in global economy. However, as revival commences, bulk container packaging manufacturers can expect sales to grow, albeit reaching pre-COVID levels will take some time.

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Key Takeaways

  • Bulk container packaging market is estimated to expand ~1.6 times of current market value through 2031
  • Bulk container segment is expected to hold more than 4/5th value share; flextanks segment catching up
  • Increasing preference for easy to carry containers bolstering demand for plastic bulk containers
  • Industrial chemicals segment to hold nearly 45% value share
  • China to emerge as a highly lucrative market, contributing nearly 30% of the revenue share by 2021-end

 “Bulk containers are gaining traction day by day in chemical and food & beverage and owing to the increasing demand for flexitanks for transporting non-hazardous chemicals and food ingredients, also penetrating transportation process.” says an FMI analyst.

Safety Concerns in Chemical Industry Amplifying Demand for RIBC (Rigid Intermediate Bulk Containers)

Rigid IBC (RIBC) is made of a plastic bottle, a metal cage, and a spout for easy emptying process of materials, which is mainly used during transportation. The well-built plastic liner inside the container helps in keeping the respective products safe while transporting and the metal cage makes the container sturdy enough to be stacked. The rigid IBC mainly carries liquids and is optimized to prevent the respective product from spilling at the time of transport.

RIBC manufacturers are adopting business strategies for the development of innovative products to boost the growth of the RIBC in the market. Many players have invested in producing technically advanced containers for the sake of products safety. Companies have produced tracking-enabling system-equipped bulk containers to allow customers to know the status of their respective products directly. Some key players involved in R&D activity of RFID enabled IBCs are CHEP (U.S.A.) Inc, Metano IBC Services, Inc, Hoyer Group etc.

Key Segments

Product

  • Flexitanks
  • Bulk Containers
    • Flexible Bulk Containers
    • Rigid Bulk Containers
  • Bulk Container Liners

Material

  • Plastic
    • HDPE
    • LDPE
    • LLDPE
    • PP
    • PVC
    • Others
  • Metals
  • Others (Wood, Fiber, Paper Board)

End Use

  • Industrial Chemicals
  • Petroleum and Lubricants
  • Food and Beverages
  • Paints, Inks and Dyes
  • Pharmaceutical
  • Others

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Bulk Container Packaging Market Landscape

The bulk container packaging market is fragmented and the Tier 1 players in the market hold 40-45% share in the global bulk container packaging market.

Greif, Inc., Berry Global, Inc., Sealed Air Corporation, DS Smith Plc, Mondi Group, Bemis Company, Inc., International Paper Company, Winpak Ltd, Mauser Group B.V, Hoover Ferguson Group, Braid Logistics (UK) Limited, Qingdao LAF Packaging Co. Ltd., My Flexitank Industries Sdn Bhd, SIA Flexitanks Limited, Environmental Packaging Technologies, Inc., Snyder Industries, Inc, Schuetz GmbH & Co. KGaA, Büscherhoff Spezialverpackung GmbH & Co. KG, Bulk Lift International, Inc, Shandong Anthente New Materials Technology Co.,Ltd are some of the prominent players in the bulk container packaging market.

Bulk Container Packaging Market Report

Bulk containers are primarily designed for store and transportation purpose of liquid and granulated substances such as food ingredients, chemicals, pharmaceuticals products etc. in bulk quantities. Bulk containers are shipped in a wide range of vehicles. It can be transported in cargo ships and even in extreme long monster truck trailers.

Most of the food & beverage, chemicals and pharmaceuticals companies are associated with bulk shipment process. Bulk containers are the first choice for transporting food gradients as these containers are capable of providing benefits to the warehouse operators who inevitably require a safe and hygienic process to transport some specific food items.

This collapsible container helps in shipping these products in an efficient and safe way. Moreover, sometimes using a poly liner inside the bulk container in the process of transporting materials helps in maintaining hygiene and integrity of the respective product.

Future Market Insights, in its new report, offers an unbiased analysis of the global bulk container packaging market, analysing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the bulk container packaging market on the basis of  product type (Flexitanks, Bulk Containers (Flexible- BIB Containers, FIBC, Rigid Bulk Containers- Lined RIBC, Unlined RIBC) and Bulk Container Liners), material type (Plastic (HDPE, LDPE and LLDPE, PP, PVC, Others), Metals and Others (Wood, Fiber, Paper Board), end use (Industrial Chemicals (Hazardous Chemical, Non Hazardous) Petroleum and Lubricants, Food and Beverages, Paints inks and Dyes, Pharmaceutical and Others) across seven regions.

 

About us :

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.

 

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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Website: https://www.futuremarketinsights.com

Packer Bottle Market to Garner Brimming Revenues by 2031

Over the last few years, packaging bottles have emerged as a convenient packaging solutions, especially for pharmaceutical, food, chemical industries among others. According to a report by Future Market Insights (FMI), packer bottles market is expected to surpass US$ 5.31 Bn by 2031.

Packer bottles are light in weight, small in size, and cost effective packaging solutions predominantly used to pack, carry and store a variety of industrial and non-industrial solutions. Owing to their portability, child resistant packaging and recyclability, packer bottles are experiencing substantial rise in demand in the global market.

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In terms of availability, there are variety of packer bottles made up of plastic and glass available in the market. FMI predicts that, the manufacturers operating in the global packer bottle market to have ample opportunities to maximize their sales, as manufacturing output and packaging needs form pharmaceutical and food sectors is consistently rising.

According to the report, plastic will remain most preferred material owing to its pricing affordability and light weight mass. Among end users, pharmaceutical sector is expected to account for the lion’s share.

Key Takeaways from Packer Bottle Market

  • Packer bottle sales will consistently, despite a temporary set-back amid COVID-19 outbreak. FMI predicts the market to rise at 5.4% CAGR between 2021 and 2031
  •  Within North America, the U.S. is expected to account for over 85% of sales in 2021
  • Temporary period of lull amid pandemic will cause sales to dip in the U.K. However, recovery is likely 2022 onwards
  • Germany and France are expected to showcase marginal improvement in packer bottle sales in 2021
  • Despite China’s dominance, Japan and South Korea markets will exhibit higher growth within East Asia

“Incorporation of recent advancements in packer bottles such FDA-approved and child resistant packaging solutions, coupled with excellent light and moisture barrier properties, has widened scope for application in several end use industries,” says FMI analyst.   

Packer Bottle Market by Category

Material

  • Plastic
    • High Density Polyethylene (HDPE)
    • Polyethylene terephthalate (PET)
  • Glass

Capacity

  • 100cc & Below
  • 200cc
  • 300cc
  • 400cc

Application

  • Tablet & Capsules
  • Powder & Granules
  • Liquid

End Use

  • Pharmaceuticals
  • Chemicals
  • Food & Beverages Ingredients
  • Other Industrial

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Demand for Damage Resistance and Spill-proof Packaging Solutions in Pharmaceuticals Driving Sales

Aseptic and spill proof packaging is always a prime concern for end users, especially in case of pharmaceuticals and liquid food packaging. Packer bottles are mostly made up of plastic that offers high tear resistant to the inside product during transit. Therefore, this type of packaging solution is used frequently in pharmaceutical industry for packing, sealing, storing, and transporting extensive range of solid and liquid form of pharmaceutical drugs.

Further, packer bottles fulfil precise packaging requirement of pharmaceutical industry as they are offer a multitude of benefits, including efficiency in botyh low & high temperature and impact resistant, child resistant, non-reactive to chemicals, and leak & seep proof. On the other side, rapidly rising healthcare and pharmaceutical spending by individuals will bolster the sales of pharmaceuticals drugs, which will further create considerable demand for rigid packaging solutions including packer bottles.

Who is Winning?

Berry Global Group, Inc, Amcor Plc and Gerresheimer AG are among the top players operating in the packer bottle market. Some of the other key players operating in the market are Graham Packaging Company, Maynard & Harris Plastics and Alpha Packaging, Inc. The Tier 3 players in the market hold 65-70% in the global packer bottle market. In conclusion, key players contribute almost 30-35% of the global market.

 

About us :

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.

 

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Lubricant Packaging Market Expected to Witness High Growth by 2029

The lubricant packaging market is projected to record a CAGR of ~5% during 2019-2029, majorly driven by the sales of automobiles, despite increasing prevalence of electric vehicles in the transport sector. An incessant rise in number of passenger vehicles worldwide has translated into rewarding opportunities for the lubricant packaging manufacturers. However, it is pertinent to note that recent slowdown of auto sales in countries such as China and India which represent the world’s largest automotive industry may negatively affect the market growth.

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The use of flexible packaging formats such as stand-up pouches & bag-in-box has been on the rise for lubricant packaging in the past couple of years, as lubricant manufacturers place their focus on achieving improved portability and convenience.

Key Takeaways from the Lubricant Packaging Market Study

  • Plastic accounts for a hefty share in the lubricant packaging market, and is anticipated to retain its edge over other materials. With the ever-increasing demand for smaller pack sizes and pouches, plastic is likely to remain the material of choice for lubricant packaging. However, it is projected to lose grounds to metal as aversion for plastics surges globally.
  • Despite the emergence of flexible packaging alternatives, drums continue to experience a sustained preference in the global lubricant packaging market, as obstacles to switching to alternative packaging formats are still significant.
  • Stand-up pouches and bag-in-box containers are gradually making their way in lubricant packaging, but have a long way to go.
  • The automotive industry has shaped the dynamics of lubricant packaging, and it continues to influence the global market scenario by holding nearly 1/3rd of the revenue share.
  • Although packaging for engine oil is anticipated to influence the growth strategies till 2023, it is likely to register relatively low growth rate, due to emergence of electric vehicles.

Lubricant Packaging Market: Taxonomy

Packaging

  • Stand-up Pouches
  • Bottles
  • Drums
  • Pails
  • Cans
  • Tubes
  • Kegs
  • Bags-In-box
  • IBC

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Lubricant

  • Engine Oil
  • Transmission and Hydraulic Fluid
  • Process oil
  • Metal-working Fluid
  • General Industrial Oil
  • Gear Oil
  • Greases

End-use

  • Automotive
  • Metal working
  • Oil & Gas
  • Powder Generation
  • Machine Industry
  • Chemicals
  • Other Manufacturing

Material

  • Metal
  • Plastic

“The billion-dollar lubricant packaging market is projected to grow at a steady pace in the next decade, providing huge growth potential to the packagers willing to evolve with newer industrial trends. With the paradigm shift towards flexible packaging, manufacturers can extend their production capabilities and partner with lubricant manufacturers to introduce innovative lubricant packaging solutions with enhanced portability and convenience.”

Key Players Focusing on Market Consolidation

Companies operating in the lubricant packaging market space are forming strategic alliances to achieve market consolidation. Such factors played a significant role in the joint venture of Time Technoplast Ltd. with Mauser AG, a German industrial packaging giant. Furthermore, lubricant packaging manufacturers are targeted towards consolidation activities through enhancement of existing product portfolios. For instance, Greif, Inc. acquired Caraustar Industries, Inc. in 2019, aiming to widen its product offerings, thereby strengthening its foothold in the global lubricant packaging market. 

 

About us :

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.

 

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Paediatric & Neonatal Testing Kits Market is expected to witness robust growth with 4-5% CAGR during the forecast period from 2022 to 2031

Paediatric & Neonatal Testing Kits market players – PerkinElmer Inc., Trivitron Healthcare, Natus Medical Incorporated, Medtronic Plc, Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc, GE Healthcare, ZenTech S.A., MP BIOMEDICALS, Baebies, Inc., Masimo CareDx Inc., Thermo Fisher Scientific, among others represent the global Paediatric & Neonatal Testing Kits market. The market study depicts an extensive analysis of all the players running in the Paediatric & Neonatal Testing Kits market report based on distribution channels, local network, innovative launches, industrial penetration, production methods, and revenue generation. Further, the market strategies and mergers & acquisitions associated with the players are enclosed in the Paediatric & Neonatal Testing Kits market report.

Future Market Insights, in its latest business report, elaborates on the current situation of the global Paediatric & Neonatal Testing Kits market in terms of volume, value, production, and consumption. The report scrutinizes the market into various segments, end uses, regions, and players on the basis of demand patterns, and future prospects.

Understanding the Impact of Covid-19 on Healthcare Industry

With the pandemic plaguing maximum countries across the globe, healthcare industry is witnessing its fair share of ‘ups and downs’. The COVID-19 has placed an enormous strain on the healthcare sector’s workforce, facilities and infrastructure. Despite the endless pressure, healthcare sector is growing at a moderate pace due to the improvement in infrastructure and advancement in technology, healthcare sector is delivering a healthy performance.

The FMI’s latest report on the Paediatric & Neonatal Testing Kits market gives a detailed analysis on the impact of COVID-19 with an incisive coverage on the innovative strategies adopted by the market players to survive the challenges due to pandemic.

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Paediatric & Neonatal Testing Kits Market: Segmentation

By Product:

  • Assay kits & reagents
  • Instruments
    • Table-top
    • Point of Care Testing

By Test Type:

  • Dried Blood Spot
  • Hearing Screening
  • Critical Congenital Heart Defect (CCHD)
  • Others

By Technology:

  • Tandem Mass Spectrometry
  • Pulse Oximetry
  • Enzyme-based assays
  • DNA based assays
  • Electrophoresis
  • Others

By End User:

  • Hospitals
  • Diagnostic Centres
  • Maternity & Specialty Clinics
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

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Critical Questions Answered in the Report

  1. What are ongoing trends that will shape market growth curve for global Paediatric & Neonatal Testing Kits market?
  2. What are the drivers and challenges affecting the Paediatric & Neonatal Testing Kits market demand?
  3. What are the recent technological advancement in the Paediatric & Neonatal Testing Kits market?
  4. What are key trends and opportunities that will prevail the revenue growth of Paediatric & Neonatal Testing Kits market players?
  5. How will evolving regulatory policies impact the market growth?
  6. What is the impact of Covid-19 on the Paediatric & Neonatal Testing Kits market?

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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 Paediatric & Neonatal Testing Kits 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

Gummed Tapes Market Expectations and Growth Trends Highlighted Until 2031

The global gummed tapes market is estimated to expand at 6.2% CAGR between 2021 and 2031, find Future Market Insights (FMI). These tapes are most preferred for sealing heavy equipment, furniture, and other bulky items to reduce the risk of damage during the transportation of the products.

Sales of these tapes are expected to burgeon on the back of surging application in various end-use industries such as food & beverages, electricals & electronics, printing, and others. The excellent bond forming ability, resulting into better sticking and gluing properties of gummed tapes will also fuel the demand.

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These tapes perform well in the normal temperature ranges once applied to the corrugated box. They also provide ease and convenience to seal the box with the highest level of safety and security to the box and also can be easily opened without the use of cutting tools.

On the back of such aforementioned factors, the global gummed tapes market is projected to surpass US$ 1.9 Bn by the end of 2031.

Key Takeaways:

  • By backing material, the fibre reinforced tape is expected to hold around 90% of the market by 2031.
  • Brown gummed tapes segment is forecast to hold maximum share in the global market registering 6% CAGR during the assessment period.
  • In terms of adhesives, the starch adhesives is projected to expand by 2x over the next decade.
  • Based on application, the splicing segment is poised to expand at a CAGR of 7.5% by 2031, registering year-on-year growth by 8% during 2025-2027.
  • By end use, shipping & logistics, food & beverages segment and electrical & electronics segment are anticipated to, collectively, hold around 40% of the market share.
  • North America, Europe, and East Asia are projected to hold approximately 65% of the market share by the end of 2031.

 “Increasing need for enhanced product safety and improved package sealing solutions across shipping & logistics, electrical & electronics, and building & construction industries is propelling the demand for gummed tapes. Expansion of aforementioned end-use industries in East Asia is expected to create growth opportunities for market players.” says an FMI analyst.

Elimination Of The Gluing Step To Fuel The Sales Of Gummed Tapes

The tapes applied with glue have the risk of falling off from the product or container as the temperature or weather conditions changes. Therefore, this not only leads to the defect in the sticking but also affects the product safety by increasing the risk of product damage during the transportation process.

Use of gummed tapes eliminates the gluing step and thereby makes the sticking and tape application process easy. This also saves time along with the better sticking and adhesion properties as compared to the traditional tapes.

Gummed Tapes Market by Category

By Backing Material:

  • Paper Gummed Tapes
  • Fiber Reinforced Gummed Tapes

By Product Type:

  • White Gummed Tapes
  • Brown Gummed Tapes

By Adhesive Type:

  • Starch Adhesives
  • Other Adhesives

By Application:

  • Box & Carton Sealing
  • Splicing
  • Others

By End Use:

  • Shipping & Logistics
  • Building & Construction
  • Food & Beverages
  • Electrical & Electronics

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Sustainability Concerns To Encourage Gummed Taped Demand

Gummed paper tapes are made using the natural paper and are much easier to use as compared to the plastic packaging tapes. Due to mono materials, these tapes are easy to recycle along with waste carton boxes and therefore reduces recycling challenges over multi material packaging formats.

Unlike the traditional tapes, the gummed tapes do not need an additional synthetic adhesive for the sealing process and thereby proves an eco-friendly sealing option for the variety of end-user industries. This is expected to burgeon the sales of gummed tapes.

Competitive Landscape

3M Company, Intertape Polymer Group Inc., Shurtape Technologies LLC, Holland Manufacturing Co., Inc., Loytape Industries Sdn Bhd, Papertec Inc., LPS Industries LLC, Windmill Tapes & Labels Ltd., Neubronner GmbH & Co., KG, Maxfel Srl, Can-Do National Tape, Suzhou Tongxie Adhesive Tape Co., Ibergum S.A., and Waterproof Corporation Pvt. Ltd. are key players operating in the global gummed tapes market.

 

About us :

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.

 

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com