Market Research Blog – Page 14426 – New Product Development

Automotive Head-Up Display Market is anticipated 14.4% CAGR throughout 2021 to 2031

According to ESOMAR-certified Future Market Insights’ (FMI) latest research report, in 2021 the automotive HUD market grew by 11.5% year on year, bucking initial scepticism about how the market would perform during a global pandemic. As per the study, the global automotive HUD market is anticipated to grow at around 14.4% CAGR throughout the forecast period from 2021 to 2031.

Vehicle crash accidents are one of the leading causes of deaths across the globe. Increasing urbanization and high sales of automotive vehicles has led to spike in road accident related deaths in emerging countries like India. As per the Ministry of Road Transport and Highway, in 2019, 449,002 accidents took place in India leading to 151,113 deaths and 451,361 injuries.

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Leading market players are developing low cost and compact automotive head-up display systems to promote and enable safer driving experience, reduce the number of road accidents, and improve the safety of driver and passenger in the vehicle. This factor is expected to increase the sales of head-up displays over the forecast period.

For instance, Jaguar Land Rover is currently developing its next-gen 3D head-up display technology which will offer a personalized experience to the driver and will also allow everyone in the vehicle to independently select their own infotainment. The developed HUD will beam real-time safety information in front of the driver and passengers can stream 3D movies directly from their seats.

Increasing government investment in developing electric vehicles and surge in demand for electric vehicles in emerging economies along with strict regulation implemented by developed countries regarding safety standards of automobile will fuel the growth of the automotive HUD market.

Growing awareness regarding reducing carbon emission and increasing efforts to reduce traffic congestion will promote the sales of electric vehicle. This is expected to positively influence the growth of the automotive HUD market.

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Key Takeaways from FMI’s Automotive HUD Market Study

U.S is anticipated to lead the automotive HUD market, showcasing the growth of 13.6% CAGR in 2021. The growth can be attributed to rise in car accidents and demand for advance navigating system in the region.
Europe automotive HUD market is forecast to grow at 12.8% CAGR backed by presence of leading original equipment manufacturers in the region along with increasing demand for European luxury vehicles across the globe.
Japan and South Korea will collectively account for around 13% market share in 2021 due to presence of automotive giants like Toyota and Hyundai and increasing investment from these companies towards developing compact HUD.
Rapid advancement in the electric vehicle section along with increasing focus on modernizing the navigation system will boost the automotive HUD market in India during the forecast period.
Combiner HUD is experiencing high demand owing to its low cost and its sales is expected to grow at more than 19% CAGR from 2021 to 2031.

“Increasing investment in research and development of compact automotive head-up display system (HUD) and integration of artificial intelligence and remote sensing with HUD will create lucrative opportunity for market growth,” says the FMI analyst.

Competitive Landscape

Leading market players are focusing on exploring opportunities offered by emerging economies like China and India. New product launches are in the card as market players seek to expand their product portfolio and strengthen footprint.

Market players are also working towards introducing artificial reality (AR) based head-up display and ultra thin HUD to gain the competitive edge in the market. For instance, Continental AG developed its first ultra-compact, high-performance head-up display (HUD) in 2019. The new HUD is ideal for cockpits with limited installation space and provides accurate information in the driver’s field of vision, making it highly safe to use.

Similarly in April 2021, Hyundai introduced its new electric car “IONIQ 5” equipped with head-up display (HUD) with augmented reality (AR) mode. The augmented reality coverts the vehicle’s windshield into a display screen where driver can get information like turn-by-turn navigation, advanced safety and the car’s surroundings nearly 4 feet (44 inches) in front of their line of sight on the road.

Key Segments Covered

By Product Type:

Windshield
Combine

By Technology:

Augmented Reality
Conventional

By Vehicle Type:

Midsize
Luxury
Sports Utility Vehicle
Commercial Vehicle

By Dimension:

By Sales Channel:

Original Equipment Manufacturers (OEM)
Aftermarket

Key Regions Covered:

North America
Latin America
Europe
South Asia and Pacific
East Asia
Middle East & Africa (MEA)

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Prominent players operating in the automotive HUD market are:-

Continental AG
Denso Corporation
Nippon Seiki Co., Ltd.
Visteon Corporation,
Delphi Automotive LLP
Garmin Ltd.
MicroVision, Inc.
LG Display Co., Ltd.
Hyundai Mobis
KYOCERA Corporation
Harman International
Panasonic Corporation
Robert Bosch GmbH
Valeo
JVCKENWOOD Corporation

Key Points Covered

Market estimates and forecast 2015-2031
Key drivers and restraints impacting market growth
Segment-wise, Country-wise, and Region-wise Analysis
Competition Mapping and Benchmarking
Brand share and Market Share Analysis
Key Product Innovations and Regulatory Climate
COVID-19 Impact on Automotive HUD Market and How to Navigate
Recommendation on Key Winning Strategies

Top Reports Related To Automotive Market Insights

Automotive Pump Market : The automotive pump market is expected to witness a significant growth in 2021, thanks to the implementation of various carbon emission norms across various countries. A study by Future Market Insights (FMI) on automotive pump market has forecast it to reach US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over the forecast years (2021-2031).

Car Security System Market: The car security system market is expected to reach a valuation of US$ 7.60 Billion by 2021, according to the latest insights by Future Market Insights (FMI). The overall sales is expected to grow at a CAGR of 5.8% between 2021 and 2031.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Future Market Insights
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
Report: https://www.futuremarketinsights.com/reports/automotive-hud-market
Press Release Source: https://www.futuremarketinsights.com/press-release/automotive-hud-market

Automotive Glass Market projecting 4% CAGR through 2030, valuation is projected to reach US$ 5.2 Bn in 2030

The global demand for automotive glass has declined significantly in 2020, with the Covid-19 pandemic restricting automotive production and reducing new orders in the manufacturing sector. However, long-term prospects remain bullish, with a new report by FMI projecting 4% CAGR through 2030. The report opines that market players will benefit from smart glass technology and the rising popularity of electric vehicles.

[300 Pages Report] Total sales in the global automotive glass market are forecast to reach a valuation of US$ 3.7 Bn in 2022. Expanding at a steady 4% CAGR, the market valuation is projected to reach US$ 5.2 Bn in 2030.

The report opines that volatility in raw material pricing and high capital requirements will hold back market developments.

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The automotive glass industry has witnessed steady growth in recent years backed by the massive global automobile production sector, implementation of strict automotive safety standards, and improvements in material and auto tech. Further, businesses have invested in smart glass and wider windshield and sunroof designs for their offerings, catering to premium automobile consumer requirements.

While revenue from the automotive glass market rises steadily, the fragmented nature of the market limits the potential for revenues. Also, issues in terms of energy efficiency and raw material fluctuations are problems faced by key players.

Key Takeaways

The automotive glass market will reach US$ 16 billion, with demand receding in 2020
Door glass offerings remain in high demand, with the higher volume of glass required for these products and innovations in material strength and temperature control.
Applications of automotive glass in conventional passenger cars reflect higher growth than LCV, HCV and electric vehicle applications owing to higher demand and production, driven by higher disposable incomes globally.
East Asia is a key market for production and sales, supported by the prevalence of numerous regional and international automobile manufacturing plants in the region, supported by lower labour and material costs.

“The growth in production rate of electric and hybrid vehicles in addition to the integration of varied new technologies for visibility and safety are expected to positively influence the global demand for automotive glass throughout the forecast period till 2030,” said a lead analyst at Future Market Insights

Covid-19 Impact on Automotive Glass Market

The coronavirus pandemic is expected to have a negative effect on the short-term prospects of the automotive glass industry. Lockdown restrictions have limited the production of automobiles and associated materials across North America, Asia, and Europe, which are key markets for auto glass.

Also, the demand for new automobiles has fallen sharply, and the uncertainty over the severity and duration of the pandemic and the impact on the global economy are key factors that could hamper market prospects, and delaying the recovery of the industry in the long term. However, the automotive industry will gain traction following the end of the pandemic, with the anticipated growth in demand for electric and autonomous vehicles on a global scale.

Some of the leading players in the market include Dura Automotive Systems, Saint-Gobain S.A., Asahi Glass Co. Ltd., Fuyao Glass Industry Group Co. Ltd., Nippon Sheet Glass Co. Ltd., Xinyi Glass Holdings Ltd., Central Glass Co. Ltd., Glas Trosch Holding AG, Gentex Corporation, and Magna International Inc. among others.

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Key Segment

Application

Windshield
Back Glass
Door Glass
Quarter Glass
Vent Glass
Moon/Sun Roof

Glass Type

Laminated Glass
Tempered Glass

Sales Channel

Original Equipment Manufacturer
Aftermarket

Vehicle Type

Passenger Vehicles
- Compact
- Mid-size
- Luxury
- SUV
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles
- BEV(Battery Electric Vehicles)
- HEV(Hybrid Electric Vehicles)
- PHEV(Plug-In Hybrid Electric Vehicles)

Regional Outlook

North America (U.S., Canada)
Latin America (Brazil, Mexico, Rest of LATAM)
Europe (Germany, Italy, France, U.K., BENELUX, Spain, Russia, Rest of Europe)
South Asia & Pacific (India, Thailand, Indonesia, Malaysia, Australia, New Zealand, Rest of South Asia & Pacific)
East Asia (China, Japan, South Korea)
Middle East & Africa (Turkey, South Africa, Rest of MEA)

Table Of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

Market Overview

2.1. Market Taxonomy

2.2. Market Definition

Key Market Trends

3.1. Key Trends Impacting the Market

Key Success Factors
Global Automotive Glass Market Demand Analysis 2015-2019 and Opportunity Assessment, 2020-2030

5.1. Historical Market Volume (Mn Units) Analysis, 2015-2019

5.2. Current and Future Market Volume (Mn Units) Projections, 2020-2030

5.3. Y-o-Y Growth Trend Analysis

Global Automotive Glass Market – Pricing Analysis

6.1. Regional Pricing Analysis By Application

Key Questions Answered by the Report

Which is the largest market for automotive glass?

East Asia is the largest market for automotive glass. Growth in the electric vehicles segment is a key driver

What are the applications of automotive glass?

Automotive glass is largely used for visibility for drivers and passengers in vehicles, in compliance with automotive safety standards imposed around the world. Also, automotive glass is also finding new use with the development of HUD technologies.

In what types are automotive glass available?

Automotive glass is available in two types. These include laminated glass and tempered glass. Of these, tempered automotive glass witnesses higher demand, accounting for over 65% of the overall market share through 2030.

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Key Challenges

Despite the challenges of the coronavirus crisis, the prospects of the automotive glass market are largely positive in the long term. However, sustained growth will entail effective maneuvering through various challenges.

For instance, volatility in the pricing of raw materials required for the production of automotive glass, and the resulting gap between supplies and demand is a key challenge often facing manufacturers.

According to the Association for the Advancement of Automotive Medicine, inadequate standardization of glass quality is a problem in terms of safety from lacerations and ejection in accidents.

Also, automotive glass market players require high capital for research and development and the necessary infrastructure. Also, products needing certification have to go through stringent testing and regulations that restrain growth prospects in the industry.

Top Reports Related To Automotive Market Insights

Off-Highway Vehicle (OHV) Telematics Market : As per the FMI’s study, off-highway vehicle (OHV) telematics market is poised to expand at an impressive 15.40% CAGR during the assessment period of 2021 and 2031. The market valuation will reach US$ 424 Mn in 2021.

Automotive Lead Acid Battery Market : The global automotive lead acid battery sales is projected to increasing, enabling the market’s valuation to reach US$ 36.2 Bn in 2031, according to the latest research by Future Market Insights (FMI). The report estimates the market to expand at a steady CAGR of over 3% through the course of 2021-2031.

About FMI

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
Report: https://www.futuremarketinsights.com/reports/automotive-glass-market
Press Release Source: https://www.futuremarketinsights.com/press-release/automotive-glass-market

Easy Peel Film Packaging Market : Global Industry Analysis, Size and Forecast, 2017 to 2027

Easy Peel Film Packaging Market: Introduction

The revenue form the packaging industry sales globally is expected to continue to show strong growth as both increased consumption and demand for consumer goods and food has driven the needs for more sophisticated packaging, such as easy peel film packaging, supported by growing middle class and rising disposable income.

Packaging film and even packaging product manufacturers are offering products with additional focus given to the convenience aspect for consumers, ultimately creating profitable market opportunities for companies providing easy peel film packaging.

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Easy peel film packaging has been one of the most innovative product offering from packaging companies, vastly benefitting the food and beverage industry in a very short span of time. Moreover, easy peel film packaging allows the customer to handle the product safely and with ease and also ensure consumers that the packaging can be separated from the product without leaving any residue and that it can be fully emptied, minimizing the wastage of the content.

Easy peel film packaging is also moisture resistant, enhances product quality and also benefits both consumers with convenience and aids manufacturers in relation to its sustainable, and easy disposal nature. In addition, easy peel film packaging is also an economical solution for manufacturers, as it reduces the shipping and logistics cost during transportation, ultimately maximizing the profitability margin of suppliers.

Easy Peel Film Packaging: Market Dynamics

Growth in demand for easy peel film packaging is anticipated to remain steady for various reasons. Firstly, the food & beverage industry is constantly striving to offer its products that not only make the packaging attractive but also offers convenience. Secondly, rising investment in product innovation, among packaging film and machinery manufacturers, expansion of production capacity to meet the demand is expected to drive the demand of easy peel film packaging throughout the forecast period.

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The trend of replacing conventional rigid plastic film with easy peel film packaging has been rather safe and economical option for packaging manufacturers, as they consume relatively less space during inventory and transportation. Moreover, offering customized easy peel films with dimensions and printing options as per the customer requirement is the new trend observed in the global easy peel film packaging market. Easy peel film packaging can be used for various types of plastic containers and cups and leaves no residue behind.

The packaging form is non-sticky and perform well with all sorts of temperature. Despite growth opportunities, the manufacturing cost of such packaging is relatively high, resulting into low profitability margins for packaging film suppliers.

Easy Peel Film Packaging: Market Segmentation

The global easy peel film packaging market is segmented on the basis of application, material, packaging and region. On the basis of application, the global easy peel film packaging market is segmented into food & beverage, medical application segment, industrial application segment and other consumer products segment. The food and beverage segment is further sub-segmented into seafood products, frozen food, dairy products, bakery & confectionary, microwaveable food products, and beverages.

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The medical application segment is further sub-segmented as syringes, catheter packaging film and infusion bags. Further the industrial application segment is sub-segmented into toner containers, ink cartridges and other industrial products. The consumer products is further segmented into air fresheners, deodorizers, washing detergents, wet wipes and other consumer products. Demand of easy peel film packaging from food application segment is anticipated to offer lucrative opportunities to the global easy peel film packaging market in terms of growth prospects.

Moreover, on the basis of material type, the global easy peel film packaging market is segmented into linear low density polyethylene (LDPE), high density polyethylene (HDPE), polyethylene terephthalate (PET) and others. On the basis of packaging type, the global easy peel film packaging is segmented into cups, trays, pouches and other containers.

Easy Peel Film Market: Regional outlook

Easy peel film packaging market has been segmented on the basis of region into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. Among these region, North America and Europe are expected to collectively dominate the market throughout the forecast period. However, many packaging film suppliers and converter companies are investing in Asia Pacific to tap the growing unmet demand and potential, easy peel film packaging offers to packaging film manufacturers in the region.

Furthermore, Asia Pacific is anticipated to witness maximum CAGR over the forecast period primarily driven by China, Japan and India. Latin America and Middle East & Africa are expected to witness sluggish growth and over the forecast period. In Latin America, Brazil and Mexico are expected to create maximum incremental opportunities in terms of revenue for companies involved in easy peel film packaging.

Easy Peel Film Packaging Market: Key players

Some of the key players in the global easy peel film packaging market are J-Film Corporation, Evonik Industries, Mitsui Chemicals, Bemis Company Inc., Shrinath Rotopack Pvt Ltd, Tilak Polypack Pvt Ltd. A majority of easy peel packaging companies are largely headquartered in Europe and North America. However, China and India based packaging film manufacturers are looking to grab most of the opportunity offered in terms of revenue from the global easy peel film packaging market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of Latin America)
Europe (EU5 Countries, Nordic countries, BENELUX, Poland, Russia, Rest of Europe)
APAC (China, India, ASEAN, Australia & New Zealand, Japan)
MEA (GCC Countries, S. Africa, N. Africa)

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.

Gaffers Tape Market: Global Industry Analysis and Opportunity Assessment 2017-2027

Gaffers Tape Market Overview

Global packaging industry has witnessed a number of technological advancement from last couple of decades. As packaging is unexecuted without the use of tape, the increasing demand for packaging from industrial sector in turn is creating huge opportunity for industrial tape market. The introduction of gaffers tape over duct tape has provided the manufacturer a wide range of packaging advancement.

Gaffer’s tape which is also known as camera tape or spike tape is regarded as heavy cotton cloth pressure sensitive tape that delivers high adhesive properties. Through gaffers tape, now the manufacturers can use the tape on any kind of packaging material without the need for a solvent (such as water) or heat for activation. Gaffer tape is widely used in theatre, photography, film –television production and industrial staging works.

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Gaffers Tape Market – Market Dynamics:

One of the significant factors contributing towards the growth of the gaffers Tape market is the rampant growth of industrial tape industry. Moreover, the growing consumption of Gaffers Tape from automotive and construction segment is expected to rise the demand of gaffers Tape over the forecast period.

Furthermore, Gaffers Tape is suitable for all types of packaging material owing to its properties such as better adhesive holding power, improved moisture resistance, better conformability and instant adhesion. Characteristics such as compatibility with various sterilization forms and non-toxic nature displayed by Gaffers Tape is further estimated to enhance the demand of Gaffers Tape market over the forecast period.

Ease of entrance in the market has resulted in increasing competition in the global tape market. This has encouraged the vendors to introduce new and advance form of gaffers Tape, for instance double sided gaffers tape with high performance. Today most of the gaffers tape companies are focusing on highly efficient eco-friendly recovery technology for adhesive coating and is expected to be the next growth opportunity for pressure sensitive manufacturers over the forecast period.

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However, the gaffers tape market is highly fragmented market due to presence of numerous regional and local players. These manufacturers offers innovative packaging solution related to tape at a lower price than multinational players, resulting in intense price wars. It is expected that large multinational players will acquire the small regional and local players over the forecast period.

Gaffers Tape Market- Market Segmentation:

Global Gaffers Tape market is segmented on the basis of product, backing material, and application. On the basis of product, gaffers tape market can be segmented into cartoon sealing tape, masking tape, double sided tape, electrical tape and others. On the basis of backing material, gaffers tape market can be segmented into polypropylene, paper, PVC and others. On the basis of application, gaffers tape market can be segmented into packaging, building & construction, electrical & electronics, automotive, health & hygiene and others

Gaffers Tape Market – Regional Outlook:

Geographically, the global gaffers tape market is segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). The global gaffers tape market is expected to witness a significant CAGR over the forecast period of 2017-2027. Moreover, APAC dominates the global gaffers tape market and the trend is expected follow the same over the forecast period due to growing construction industry in the wake of population growth, government plan for infrastructure development and urbanization.

Apart from this, the ample availability of raw material such as PVC, polypropylene etc. in China is projected to fuel the demand for gaffers tape market in APAC region. North America is expected to follow APAC in gaffers tape market over the forecast period.

Gaffers Tape Market – Major Players:

Some of the major players identified across the globe in the Gaffers Tape market are Henkel AG & Co., KGaA, 3M Company, The Dow Chemical Company, Avery Dennison, Ashland Inc. and H.B Fuller.

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The Report covers exhaust Analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends /Issues/Challenges
Competition & Companies involved
Technology

Regional Analysis includes:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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.

Food Tins And Drink Cans Market: Global Industry Analysis and Opportunity Assessment 2017-2027

Food Tins And Drink Cans Market Overview

Started from the developed countries and gradually adopted by consumers in developing countries, food consumption pattern witnessed dynamics shift over past decade. Meteoric growth in instant ready to eat and packaged food market, due to rise in dual income level, standard of living and convenience offered by newer format of food consumption.

Canned food and beverages have integrated with urban lifestyle, particularly in developed as well as developing geographies. Food tins and drink cans are most effective solution equipped with all features needed for storage and transportation. Food tins and drink can also preserve the nutrition value and flavor of the product.

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Food tins and drink cans are a good means of safely preserving of foodstuffs for longer duration without any microbiological deterioration as these tins and cans are made from corrosion resistant materials.

Global Food tin and Drink cans Market: Drivers and Restrains

Most countries across globe have started to invest in infrastructure such as deep freezing mechanism which is required for proper storage of ready to consume food and keep food temper resistant with increased shelf life. Food tins and drink cans are becoming an asset in packaging for manufactures as they incur very less cost packaging solution and thus provide value to the manufacturers.

Also, these tins and cans can be manufactured in large quantity in any size and shapes. This all derives tins and cans market all across the globe. On the other hand, people across world has grown health conscious and thus avoids consumption of an industrial chemical called Bisphenol A or BPA which can seep into food and beverage stored in tins and cans leading to diseases such prostate and breast cancer thus hampering growth of food tin and drink can market.

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Moreover, the inclination of manufacturers as well as customers towards new pouches and thin plastic packaging, hampers the growth of metal food tin and drink can market. Also, customers want packaging with features such as tins and cans to be used in the microwave, re-sealable packaging and also easy opening patterns. This has acted as the important restraining factors for the metal packaging container market.

Global Food tin and Drink cans Market: Segmentation overview

The majority of cans and tins used for food and beverage packaging all over the world are made up of steel. Aluminum cans are mostly preferred in beverage packaging mostly for carbonated drinks.

Global Food tin and Drink cans Market: Regional overview

Geographically, the food tins and drink cans market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). Among regions mentioned above, North America bags a significant share and it is expected to maintain as market leader during the forecast period as it provides a better freezing facility for the storage of food tins and drink cans.

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Asia’s Food and Beverages market shall experience an unprecedented growth taking half of the consumption by 2021 thus contributing to growth of global food tins and drinking can market. Overall, the global food tin and drink can market is expected to register a healthy CAGR during the forecast period.

Global Food tin and Drink cans Market: Key players

Some predominant players identified across the globe are Crown Holdings, Cansmart, Silgan Containers LLC, Jamestrong Packaging, Kian Joo Can Factory Bhd, Perennial Packaging Group Pty Ltd, Allstate Can Corporation, TinPak (Pvt) Ltd. and BALL CORPORATION.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis include

North America (U.S., Canada)
Latin America (Brazil, Rest Of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Rest Of Western Europe)
Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
Asia Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
The Middle East and Africa (GCC countries, S. Africa, Rest Of MEA)

Global Food tin and Drink cans Market: Segmentation

The Global food tin and drink cans market has been segmented as follows

Based on the material used

Steel tins and cans
Aluminum tins and cans
Tin Plate tins and cans

On basis of product type

3-Piece cans
2- Piece cans
Single drawn cans
Drawn and re-drawn cans (DRD)
Draw and wall ironing cans (DWI)

Based on the end use

Dairy products
Fruits & vegetables
Ready meals
Pet food
Fish and seafood
Others

On the basis of packaging types

Round tins and cans
Bowl tins and cans
Shaped tins and cans

PVDC Food Packaging Market : Global Industry Analysis and Opportunity Assessment 2017-2027

PVDC Food Packaging Market Overview

Polyvinylidene Chloride (PVDC) is a vinyl polymer which is a preferred raw material for food packaging. The use of PVDC material in food packaging improves the appearance of the packaging through its gloss, transparency, print-adhesion, and scratch resistance. PVDC is applied as water-based coatings to plastic films such as BOPP and polyester.

PVDC plays an important role in blister packaging as coating or lamination on PVC. The gas and moisture permeability of PVC blister packaging is reduced to certain extent with the use of PVDC. Moreover, it provides an excellent barrier to both water vapor and oxygen.

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PVDC Food Packaging Market: Drivers and Restraints

The global PVDC food packaging market is expected to register decent growth during the forecast period driven by the middle class of developing countries. Demand for packaged food is rising in emerging regions due to the rapid urbanization and growing disposable income. Growth in such regions in expected to impact the food packaging industry positively.

Specialty material such as PVDC is gaining importance in the food packaging market. The increasing demand for packaged food and beverages together with growing use of packaging material in various food service outlets and expanding working population has given impetus to PVDC food packaging market. The feasible properties of PVDC make is one of the most favored raw material for food packaging.

The PVDC material meets the requirements of the governing authorities of North America and European region as it has lower environmental impacts. This factor acts as a driver for the global PVDC food packaging market. The PVDC film is environment-friendly which makes it suitable for the use of food packaging. The PVDC increasing demand of PVDC films in the packaging of processed meat, cheese, bread, snacks and the instant food is anticipated to grow the market during the forecast period.

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The market for PVDC food packaging can be segmented on the basis of application as dairy products, fruits and vegetables, pet food, baby food, confectionary, Meat, Poultry & Seafood, and others. The meat, poultry and seafood segment is expected to grow at a higher CAGR during the forecast period.

PVDC Food Packaging Market: Region Wise Outlook

The global PVDC Food Packaging Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). The North America region is the leading market in the global PVDC Food Packaging market.

The APEJ region shows a huge potential to grow in PVDC food packaging market. The increasing disposable income of the middle-class population in countries like India and China is expected to drive the PVDC food packaging market over the forecast period. The Western Europe region is expected to emerge as another attractive market for PVDC Food Packaging.

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PVDC Food Packaging Market: Key Players

Innovia Films
Bilcare Solutions
Perlen Packaging
Cryovac
Krehalon Food Packaging
FILCON
Caprihans India Ltd.
Marubeni Europe plc
MSP Corporation
SKC Inc.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Brazil, Mexico, Rest Of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)

PVDC Food Packaging Market: Segmentation

On the basis of Application,

Dairy Products
Fruit & Vegetables
Pet Food
Baby Food
Confectionery
Meat, Poultry & Seafood
Others (Snacks, Oils, etc.)

Perforated Packaging Market: Global Industry Analysis and Opportunity Assessment 2017-2027

Perforated Packaging Market Overview

The need to keep the food fresh and safe during storage, transportation, and display have been one of the key concerns of food manufacturers and brand owners. In the United States only each year about 43 billion pounds of food is thrown away from the grocery stores only. Using advanced forms of packaging offers a solution to such a large scale of food wastage, and the relative loss incurred by respective industry stakeholders.

Perforated packaging is one of such solution which recently gained prominence and has a vital role to play in minimizing food wastage in transit of retail outlets. The perforated packaging is used to increase the shelf-life of the packaged product, wherein it ensures desired volume of air circulated within the package instead of restricting the air flow in the package. It has fine perforations to let the right amount of the air to penetrate the bag keeping the products fresh and crusty.

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As the food and beverage industry is expanding the demand for the perforated packaging film is also increasing. Perforated packaging wraps the product safely in a perforated plastic cover. Using perforated packaging air circulation can be modified to suit the oxygen transmission rate of the vegetable or fruit concerned. It makes the product look fresher increasing its marketability which in turn decreases the turnover period of the products.

Perforated Packaging Market- Market Dynamics:

Perforated packaging market has reflected vertical upward growth over past three years, on the backdrop of upsurge processed and packaged food demand approximately 30%, 40% and 80% in Europe, India, and the US respectively. The demand for processed and packaged food can be attributed to rapidly changing lifestyle, urbanization as well as increasing disposable income among the middle-class families.

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Moreover, other high impact drivers for the growth of perforated packaging market are increasing the number of modern retail format and the use of e-commerce for procuring consumable items. The global growth rate for modern retail format and e-commerce is anticipated to be around 5% and 8% respectively. The need of protecting the fresh produce, to have effective packaging and to increase the shelf life of the product is also fuelling the perforated packaging market.

There are few constraints such as the inability of perforated packaging to protect its product efficiently from the chemicals and physical damages. Despite all the advantages, the perforated packaging is unable to compete with modified atmospheric packaging options, for increasing the lifespan of the product. Though, the low-cost characteristic of perforated packaging is likely to drive global perforated packaging market on a vertical upward growth trajectory.

Perforated Packaging Market – Regional Outlook:

Regionally perforated packaging market can be segmented into, Latin America, Europe, North America, Asia-Pacific excluding Japan (APEJ) and Middle East & Africa (MEA). Perforated packaging market is expected to grow at a steady rate in the period of 2016- 2024. North America is expected to witness the high growth in perforated packaging market for the period because it has a high consumption of the processed meat and packaged food.

The demand for perforated packaging in Eastern and Western Europe is forecasted to be sluggish due to government policies against the extensive use of plastics. APEJ region is also expected to witness a robust growth of perforated packaging market in the forecast period due to rapidly changing regional lifestyle.

There is an increase in number of modern retail outlets and consumption of processed meat and packaged food in the APEJ region. Perforated packaging market is expected to give the good yield in the APEJ region.

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Perforated Packaging Market – Key Players:

Some key players in the perforated packaging market are Amcor Limited, Now Plastics, Helion Industries, Amerplast, ULTRAPERF, Ajover S.A., A-ROO Company LLC, 3M Company, LaserSharp FlexPak Services,

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico, Brazil and Rest of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, and Rest of MEA)

Perforated Packaging Market- Market Segmentation:

The perforated packaging market can be segmented by the size of the perforation, material used, the product formed, manufacturing technology used and application.

Based on the Perforation size the perforated packaging market can be segmented into:

Micro perforation
Macro perforation

Based on the use of material the perforated packaging market can be segmented into:

Low-density polyethylene
Polypropylene
Perforated tarpaulin

Based on the product formed the perforated packaging market can be segmented into:

Woven sacks bags
Liner bags
Bopp film
Anti-bacterial BOPP film

Based on the manufacturing technology used the perforated packaging market can be segmented into:

Laser perforated films
Punched hole films

Based on the application, the perforated packaging market can be segmented into:

Bakery & Confectionery Products
Produce grain
Produce vegetable
Produce fruits
Dried fruits
Other food products

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

Smooth Hinge Caps And Closure Market Insights, Deep Analysis of Key Vendor in the Industry 2020-2030

Smooth Hinge Caps And Closure Market Overview

Over the past few years, packaging industry is experiencing a robust growth, mainly driven by the changing packaging solutions along with the increasingly changing the customer’ needs. Packaging is not only restricting to protect the products during transportation but also it is used to enhance the brand visibility that in turn increases the brand value of the product. Caps & closure is considered to be one of the important packaging solution among the personal care & cosmetic and beverage manufacturing companies.

One of the most widely used caps & closure serving the purpose for most of the brand owners is smooth hinge caps & closure. Smooth hinge caps & closure is gaining momentum as a packaging solutions owing to it innovative and aesthetic look. Finally smooth hinge caps & closure offers anti counterfeit property which is expected to enforce the brand owners to use smooth hinge caps & closure as a packaging solutions.

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Smooth Hinge Caps & Closure: Market Dynamics

Smooth hinge caps & closure market growth is attributed by impressive growth in consumer products market across different geographies. Cosmetic & personal care industry which reported over 10% annual growth in developed nations of Asia Pacific regions, anticipated to be the key contributor to smooth hinge caps & closure demand. On the other hand, luxury packaging acted as a substantial factor to the accelerated demand for smooth hinge caps & closure across the globe.

Due to the mounting growth of organized retail sector, smooth hinge caps & closure plays a pivotal role because consumers makes the decision making process not only by the quality of the products but also packaging of the product is considered. Now a days, consumers are also interested pay higher amount of money to obtain the cosmetic & personal care products having attractive and aesthetic look.

Thus, a larger chunk of pharmaceutical manufacturers are expected to adopt smooth hinge caps & closure to minimize the chances of counterfeiting. Apart from cosmetic & personal care industry and pharmaceutical industry, smooth hinge caps & closure are widely used as packaging solutions for the various food products like condiments that is expected to create a positive impact in the global smooth hinge caps & closure market.

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Smooth Hinge caps & closure Market: Regional outlook

In terms of geography, the global smooth hinge caps & closure market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. The global smooth hinge caps & closure market is expected to witness an impressive CAGR over the forecast period of 2016- 2024. Among all the regions, Asia Pacific region is expected to account maximum market share in the global smooth hinge caps & closure market during the forecast period.

Growth in Asia Pacific is contributed by the mounting growth of cosmetic & personal care sectors during the forecast period. Within the Asia pacific region, India and China are expected to be the attractive destinations for the smooth hinge caps & closure manufacturer. Furthermore, North America, particularly US will continue to post an impressive growth, largely contributed by the growing organized retail sectors coupled with the introduction of new products. However, Middle East & Africa region which is poised to reflect least growth across all geographies.

Smooth Hinge caps & closure Market: Key players

Some of the key players in the global smooth hinge caps & closure market are Nippon Closures Co Ltd., Interpac International Corporation, B&C PLASTICS LTD., RPC Group Plc, Closure Systems International, Inc., Bericap GmbH and Co KG, Global Closure Systems, AptarGroup, Inc. etc.

For Information On The Research Approach Used In The Report, Request TOC@ https://www.futuremarketinsights.com/toc/rep-gb-3169

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico, Brazil and Rest of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, and Rest of MEA)

Smooth Hinge caps & closure: Market Segmentation

The global smooth hinge caps & closure market is segmented on the basis of material type, end user and seal type

Based on the material type the global smooth hinge caps & closure market is segmented into

Polyethylene (PE)
Polypropylene (PP)
Others

Based on the end user the global smooth hinge caps & closure market is segmented into:

Beverages
Nonalcoholic
Alcoholic
Condiment
Cosmetic & personal care
Shampoo
Body lotion
Shower gel
Others
Home care
Pharmaceutical

Based on the seal type the global smooth hinge caps & closure market is segmented into:

Liner less
Packing liner

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

Propanol Market is register significant growth in the coming year, Analysis By Future Market Insights

Future Market Insights (FMI) has estimated the market of propanol to witness a year over year growth of 3.2% in 2022 reaching a value of about US$ 3,099.4 Mn by the end of 2022. The global business is projected to witness a growth rate of 3.3% over the forecast period of 2022 and 2029.

Growing demand for propanol as a direct solvent, chemical intermediate, cleaner as well as raw material for derivatives in various end-use industries such as paints and coatings, household cleaners, and personal care and cosmetics products is anticipated to bolster the consumption rate in the coming years. Considering this, FMI has projected the global Propanol sales to reach a value of US$ 3,878.6 Mn by 2029 end.

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Key Takeaways from Global Propanol Market

In the coming years, as compared to isopropanol, n-propanol is expected to register a slight increase in demand, owing to new laws and regulations regarding the usage of low-VOC-emitting chemicals in pharmaceutical and food processing applications.
Pharmaceutical and electronic-grade isopropanol is likely to be sought after in the future, owing to the growth of pharma and semiconductor industries. Worldwide, propanol used as a direct solvent across various industries is projected to account for a prominent share in the global propanol market.
Growth prospects are high in emerging markets such as India, China, and Mexico. Companies are focusing on different strategies in order to ensure good presence in both, emerging and matured markets. Since there are limited opportunities for propanol manufacturers in developed regions, manufacturers in the propanol market are focusing on emerging markets to capture a larger share in the landscape.

“Volatility in petroleum feedstock prices as well as propylene prices may impact the future price of propanol as well as market growth. Increasing cost of propylene is encouraging manufacturers to adopt acetone-based isopropanol production, especially in Asian countries. Acetone-based propanol production increased from 2% to 25% from 2002 to 2018 in Asian countries,” says an FMI analyst.

The implementation of new technologies or methods over conventional methods, and production capacity expansion and footprint expansion, remain the key strategies followed by propanol manufacturers to enhance productivity and capture new opportunities in the propanol market.

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East Asia Set to Become Self-sufficient in Propanol

In the year 2012, the capacity base of propanol in East Asia surpassed that of North America, primarily following the start of several new facilities in China and South Korea. During the period of 2010-2018, massive addition in capacity has made China a prominent producer in Asia Pacific. In China, future import volumes are expected to decline as the country moves towards self-sufficiency. Globally, oversupply of propanol has constricted its growth and demand. At present, the total global production capacity of propanol stands at around 3,400 KT, with approximately 60% utilization rate.

Looking for More Information?

A new market report on propanol published by Future Market Insights brings to the fore a pin-point analysis of the propanol market, and offers comprehensive information with historical demand data for 2014-2021 and forecast statistics for 2022-2029. The study offers insightful information on the global propanol market based on various categories – type (n-propanol, isopropanol), application (solvents, chemical intermediates, pharmaceuticals, household & personal care products, and others), across seven regions. This study highlights key market players who are well-known vendors and have proven themselves as key shareholders in the global propanol market. Some of the propanol market players included in the report are BASF SE, Royal Dutch Shell Plc, ExxonMobil Corporation, Sasol, LG Chem Ltd., and Eastman Chemical Company, among others.

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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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Demand of Soft Magnetic Composites Market in the coming years, Exclusive Report By Future Market Insights

Soft magnetic composites (SMCs) are used extensively in the automotive industry for their ferromagnetic properties. Majorly driven by this, global soft magnetic composites market is projected to exhibit a robust CAGR during the forecast period of 2022-2029, reaching a value of US$ 80 Bn in 2029. Correct SMC combination provides a technology that consumes less energy, is optimally efficient, and capable of use in extreme frequencies and temperatures.

High demand is witnessed from the automotive industry for electronic components such as motors, inductors, and other electronic machines that enhance reliability and efficiency. Moreover, the industry demands space reductions of components such as inductors that capture a lot of space. As a result, efforts to attain balance between working efficiency and smaller dimensions, have propelled the use of soft magnetic materials such as soft magnetic composites.

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Key Takeaways

Demand for electrical steel segment is expected to grow at a healthier rate. Its market share is anticipated to increase owing to application in different end-use industries, along with cost-effective nature of the material.
5P type, though most expensive, is prominently used in the power generation industry. As the demand for this segment is increasing, SMC manufacturers are under high pressure to reduce its price.
The Asia Pacific region holds a prominent share of soft magnetic composites market owing to the constantly increasing presence of strong electronic and automotive sector in countries such as China, India, ASEAN Countries, and Japan.
East Asia is projected to be a hub for electronic industry, countries such as China, are anticipated to be at the epicenter of opportunities in the electronic industry.
Soft magnetic composites are increasingly gaining traction within the 3D-printing technology space.

SMC are advantageous as they offer the possibility of developing three dimensional shapes with complex geometry in extreme conditions, along with being cost effective and energy efficient. Moreover, acceptance of new technologies in automotive and consumer (electronics) goods industry such as 3D printing has paved a path of new opportunities for soft magnetic composites market.

Market Landscape Moving towards Consolidation

The soft magnetic composites market is highly consolidated owing to the prominence of handful of players with extensive R&D capabilities. Key manufacturers in the tier I such as GKN Powder Metallurgy (Melrose PLC) and Hitachi Metals Ltd. are pushing towards consolidation by opting for growth strategies such as acquisitions, joint ventures, and others.

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Soft Magnetic Composites Market Taxonomy

Material

Electrical Steel
Soft Ferrite
Iron Powder

End Use

Automotive
Industrial Machinery & Equipment
Consumer Goods
Power Generation
Others

Region

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

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Know More About Report Inclusions

Future Market Insights has published a market research report on the soft magnetic composites market that contains global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report provides insightful analysis of the Soft magnetic composites market through three different segments, namely material, type, application, end-use industry, and region. The soft magnetic composites market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world along with a detailed overview of the parent market.