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Paper Bottles Market : Global Industry Analysis 2016 – 2020 and Opportunity Assessment 2021 – 2031

Paper Bottles Market Overview

The paper bottle is a subversive technology advancement in the field of packaging, which helps in controlling plastic pollution shortly. Paper bottles from natural sources like wheat straw, sugarcane, bamboo, and husks have resulted in the outcome into the formation of a biodegradable mixture. Moreover, it is a sustainable product catering an appropriate solution and paradigm shift to meet both consumer demand as well as sustainable packaging requirements for manufacturing companies.

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Paper bottles can be a possible substitute for plastic bottles when talking about sustainability and environmental pollution is the concern. Conversion from plastic to a complex substitute in packaging products like soap dispensers, shampoo bottles, medicine, air freshener sprays, home cleaners, etc. can be looked upon in the nearby future and hence, it is anticipated that the demand for paper bottles will uplift in the forecast period.

What are the Key Trends Impacting Growth of the Paper Bottles Market?

The global packaging industry has undergone notable changes in the past few decades, changing consumer viewpoints and inclination drives the direction of change of packaging solutions. The consumer awareness for sustainable packaging formats has uplifted over the years, products such as sustainable and biodegradable bottles are anticipated to witness a rise in demand and sales in the forecast period.

Additional to sustainability, product packaging in alcohol industry is also shifting from glass/metal packaging to paper packaging which will lift up the market growth.

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How Usage of Paper Bottles will improve the Sustainability Aspect of the Environment?

Employing the usage of paper bottles when compared to plastic bottles mark a great impact on the environment and the sustainability factor in terms of less landfilling and water pollution which is affecting the water life. Along with that, the emissions that are produced in the manufacturing of paper bottles are negligible as compared to the manufacturing of plastic bottles.

Paper bottles are biodegradable as it employs the use of the degradable material like paper which creates no solid residue pollution on the land, whereas in case of the plastic bottle it creates an enormous amount of air pollution along with water pollution. Paper bottles are an excellent combination of two major components, plant pulp and plant-based fibers which make the product attain high levels of sustainability, thereby addressing the concern.

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In what ways Paper Bottles can gain up their demand in the Packaging Market Positively When Compared to Plastic Bottles?

Paper Bottle being a sustainable packaging product is contrived from numerous raw materials, such as biodegradable pulp mixture of the husk, bamboo, wheat straw, pulp from sugar cane, and/or bulrush. Shape and size are completely customizable according to the consumer’s needs or the manufacturer’s needs.

The factors such as versatility available in different sizes, shapes and colors, sustainability- in terms of decomposition and recycling, and improvement in the quality of life will act as market drivers for the market thereby growing the market in the forecast period.

How Paper Bottles are evolving as a Future of Green Packaging?

Paper bottles serve numerous advantages and benefits in the terms of sustainability and environment conservation in terms of biodegradable, recyclable, decomposable, and many more which adds to the environment conservation thereby leading to the greener initiative towards the greener earth.

Green Packaging is fast gaining importance among different companies and sectors, like retail (e-commerce), beauty or cosmetic sector, healthcare sector, and FMCG (Fast Moving Consumer Goods) sector. While Green Packaging is a lot about protecting the environment it also considers the economic and social factors. Paper bottles serve the largest section in the concept of green packaging.

Increasing issues about environmental conservation and sustainability are leading to cause the shift in the consumer buying behavior with consumer mindset willing to pay extra for the environmentally friendly products, which then reinforces the need for companies to increase their commitments towards the product manufacturing and thereby leading to the uplifting of the market growth for the paper bottle market.

What are the Key Challenges that may hinder the growth of the Paper Bottle Market?

Paper bottles are the best alternative for plastic bottles which thereby has a positive impact on sustainability and towards the greener part of living. The recyclable properties of the paper as a packaging material are limited up to a maximum of seven times, as the fibers become too weakened and too shortened to make another product. This is mainly caused by the wear and tear which takes place during the recycling processes which in turn lowers the yield of the recycling. This recycling process can be extended and improved by improving the processes and using recycling-friendly printing inks and adhesives which may extend the life of the paper.

Competitive Landscape:

Key Players are

LYSPACKAGING
Biopac India Corporation Ltd.
Paper Bottle Company
BillerudKorsnas AB
Ecologic Brands, Inc.
Vegan Bottle
Choose Packaging
ubuntoo
Frugalpac
Just Water
Paper Water Bottle

and some other players from across the globe.

What strategies are the Key Players adopting for Increasing their Market Share in the Paper Bottle Market?

The manufacturers involved in the production of the paper bottle are engulfed in making the best quality and different varieties of the bottles that will highlight the sustainability factor along with the customer satisfaction. Furthermore, the paper bottle market is expressively sighted new product launches in the market in order to enter and cater new markets.

On 4th September 2020, The Absolut Company (TAC) conveyed that they will be rolling out 2,000 paper bottle prototypes as a unit of the Paper Bottle Company initiative. The prototype is made from 57% paper and 43% plastic, which is recyclable and itself made of 100% recycled material.
From 5th August 2020, Johnnie Walker Scotch Whisky is available in a form of a paper-based bottle. The bottle is “100% plastic-free” and produced “completely from sustainably sourced wood,” according to Diageo, the multinational beverage alcohol company which owns the brand, Johnnie Walker.
On 14th July 2020, PepsiCo joined the conference of global consumer goods companies, which also included Unilever, to further develop and scale the world’s first recyclable paper bottle, originally produced by Diageo and Pilot Lite.
On 11thJune 2020, Coca-Cola disclosed a paper bottle prototype, partnership with, Danish startup Paboco to produce a 100% paper bottle.
- Prototype is made up of a paper shell with a 100% recycled plastic closure and liner inside. Coca-Cola Company’s Brussels-based R&D center assessed how the paper bottle performed, holding capacity and protection towards its contents while refrigerated and in other temperature conditions.

Why will the United States Generate Significant Demand for Paper Bottle Market?

The United States holds the largest segment in the paper bottle manufacturing market due to the abundance of natural and organic resources and also due to the technological advancements in the part of sustainability awareness.

The United States is facing the problem with the increase in plastic pollution which is increasing day by day on the higher limit, hence to counterfeit this they are taking initiatives to manufacture more products from natural or organic resources and to make negligible use of the synthetic resources like plastic.

Also, the key manufacturers like the Paper Water Bottle, The Paper Bottle Project, and many more are making a great impact on the manufacturing of the paper bottles and thereby its adaptability in the market.

How has COVID-19 impacted the Growth of the Paper Bottle Market?

The coronavirus (COVID-19) pandemic has caused widespread concern and economic hardship for the paper industry and thereby the manufacturers were facing tough times to acquire the raw material for the manufacturing of the paper water bottles. The reason being was new challenges and tough time due to the crisis, and forest, paper, and packaging producers are no exception with the negative impact on the supply chain management of the raw materials procured from the wholesalers and distributors.

The other reasons were mainly the economic and capital market conditions which negatively impacted the paper industry and thereby caused a slowdown in paper water bottle manufacturing.

Key Segments of Paper Bottle Market covered in the Report:

Based on the Material Type:

Kraft Paper
Recycled Paper

Based on the Capacity:

5ml-100ml (small)
100ml-500ml (medium)
500ml-1000ml (large)
Others

Based on the End Use:

Alcoholic Beverages
Non-alcoholic Beverages
Other End use

Based on the Region:

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

Behavioural Health Market is expected to expand at 3.4% CAGR over the forecast period 2022-2028

According to the latest market report published by Future Market Insights titled “Behavioural Health Market: Global Industry Analysis 2013–2021 and Opportunity Assessment 2022–2028”, the global behavioural health market is expected to expand at 3.4% CAGR over the forecast period 2022-2028.

North America is expected to hold the highest revenue share in the global behavioural health market over the forecast period. Currently, over 43.8 million adults in the U.S. are suffering from mental illness, which is fuelling demand for behavioral health services. Developing economies are witnessing large demand for home care services, day care services, and internet-counselling services, which is further expected to boost revenue growth of the behavioural health market in emerging markets.

Global Behavioural Health Market: Segmental Analysis & Forecast

The global behavioural health market is segmented based on service type, disorder type, and region. Based on service type the market is segmented into outpatient counselling, intensive case management, home-based treatment services, inpatient hospital treatment, emergency mental health service and others. The inpatient hospital treatment services type segment is expected to represent highest revenue share in the global behavioural health market. Home-based treatment services are expected to gain popularity among people in the coming years and this segment is expected to expand at a CAGR of 4.0% over the forecast period.

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Based on disorder type the market is segmented into the anxiety disorder, bipolar disorder, depression, eating disorder, post-traumatic stress disorder (PSTD), substance abuse disorder and others. Among all disorder types, the anxiety disorder segment is anticipated to continue to lead the global behavioural health market due to a high patient pool globally and high adoption of behavioural health therapy among patients suffering from anxiety issues. According to the WHO, globally 260 million people are suffering from anxiety disorder.

Increased exposure to drugs and alcohol among young adults and strengthening insurance coverage policies for mental health are identified as key trends among end users in the global behavioural health market. Furthermore, rehabilitation programs for substance abuse disorder patients, outpatient counselling for ADHD affected children, and campaigns to spread awareness regarding mental disorders and drug addiction, etc. are some of the major factors that are driving the growth of the global behavioural health market. Government initiatives to reduce the burden of mental illness and rehabilitation services by non-government organizations (NGO) are further expected to positively impact revenue growth of the global behavioural health market.

Global Behavioural Health Market: Competition Analysis

The global market for behavioural health is fragmented with many local and regional level players operating in the worldwide market. Some of the key players featured in the global behavioural health market report include Acadia Healthcare Co., Inc., Universal Health Services Inc., Magellan Health Inc., National Mentor Holdings Inc., Behavioral Health Services Inc., Behavioral Health Network Inc., North Range Behavioral Health, Strategic Behavioral Health LLC, Seton Healthcare Family (Ascension Health) and Ocean Mental Health Services Inc. etc. among others.

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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 keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:

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

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Atopic Dermatitis Treatment Market is expected to grow at a CAGR of 12% during forecast period of 2019-2029

The global atopic dermatitis treatment market was valued ~ US$ 7.7 Bn in 2018, and is expected to increase at a CAGR of ~12% during the forecast period of 2019 and 2029.

A new market research report by Future Market Insights on the atopic dermatitis treatment market includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the atopic dermatitis treatment market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global atopic dermatitis treatment market is projected to experience significant growth over the forecast period, due to increasing prevalence, promising pipeline molecules, higher treatment compliance, increasing access to treatment medication in developing countries, favorable reimbursement policies, increasing government support for research and development, and advancing technology.

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Corticosteroids Remain the Drug of Choice

Corticosteroids are referred as the first choice of treatment for the inflammation and pain relief. These medications are known to have effects, for example, decreasing tingling, allergic reaction, swelling and redness. Around 30 corticosteroid compounds have been licensed for atopic dermatitis treatment, of which ‘hydrocortisone’ is considered as the first. In addition, increasing innovations have resulted in the advent of topical non-corticosteroids immunomodulators and target medications, for example, immunomodulators such as pimecrolimus and tacrolimus, which in turn, is likely to fuel the growth of the atopic dermatitis treatment market. Moreover, topical corticosteroids are expected to play an important roles in the atopic dermatitis treatment.

North America to Offer High Sales Opportunities

Growth prospects of the atopic dermatitis treatment market are likely to be high in North America over the forecast period of 2019-2029. Factors such as, greater treatment awareness among the patient population across the United States and Canada, early adoption of novel prescriptions, advanced healthcare infrastructure, better and favorable reimbursement policies, and increasing business associations of pharmaceutical organizations with contract research organizations in developing markets will continue to propel the atopic dermatitis treatment market growth. Despite the fact that the U.S and Canada deal with heavy investment in healthcare infrastructure as well as per capita expenditure, there are increasing number of campaigns organized each year by specific establishments, for example, National Eczema Associations, the PAN Foundation, and pharmaceutical organizations, which are envisaged to work to the advantage of several market vendors.

Hospital Pharmacies – The Key Distribution Channel for Atopic Dermatitis Treatment

Sales of medication for atopic dermatitis treatment through hospital pharmacies will continue to account for relatively high share in the market, as they can stock large range of prescription medicines, including progressively specific and investigational medications. Hospital pharmacies may provide a tremendous amount of medications every day, which is distributed to wards and to intensive care units as per the patient’s prescription schedule.

Topical Drug Administration- A Preferred Mode

Topical mode of administration remains highly preferred among the patient pool of atopic dermatitis. Advent of topical non-corticosteroids immunomodulators is the major factor for the growth in the demand for atopic dermatitis treatment. As topical administration gains prominence, major corticosteroids medications are formulated as topical, in addition to their benefits over oral dosage form.

Atopic Dermatitis Treatment Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global atopic dermatitis treatment market. Some of the examples of key players in the global atopic dermatitis treatment market are Sanofi S.A., Galderma S.A., Allergan Plc., Novartis, Bristol-Myers Squibb, Bayer AG, Meda Pharmaceuticals Inc., Astellas Pharma, Inc., Anacor Pharmaceuticals, Inc., Regeneron Pharmaceuticals, and Valeant Pharmaceuticals International, Inc.

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Allergy Immunotherapy Market will reach a valuation of US$ 2,892.2 Million by the end of 2030

In its new study, Future Market Insights (FMI) has forecast the global allergy immunotherapy market to register healthy growth between 2020 and 2030. The study also projects that market will reach a valuation of US$ 2,892.2 Mn by the end of 2030

The increasing prevalence of various kinds of allergies – allergic rhinitis, allergic asthma, food allergies, skin allergies, and others is propelling the demand for effective treatments. As patients seek advanced treatments to develop resistance against allergies and lead a hassle-free life, allergy immunotherapy has emerged as a fitting medical solution.

Moreover, allergic rhinitis is among the most common allergies, affecting 10% to 30% of the global population. Also known as hay fever, it leads to inflammation in the nose, swelling in the eyes, sneezing, among other symptoms when the person is exposed to allergens – mostly dust mites and pollen.

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Although a remarkable proportion of the population does not seek medical attention, rising awareness regarding the availability of these treatments, coupled with increased spending on healthcare is expected to remain a crucial demand-side trend through the forecast period.

Key Takeaways from the Allergy Immunotherapy Study

On the basis of product, injections are poised to account for over 2/3rds of market share backed by their effectiveness and easy availability
Based on immunotherapy, SCIT holds the lion’s share in market value, accounting for 66% of global value, while SLIT is exhibiting higher attractiveness
Among indications, allergic rhinitis and allergic asthma are poised to collectively account for around 3/5th of global value, ascribed to their high prevalence
By type of allergen, pollens and house dust mites will cumulatively account for more than 2/5th of market value since pollens such as grass pollen and weed pollen are highly common in living areas
Based on distribution channels, institutional sales account for more than half of overall value owing to high inpatient rates in government and semi-government hospitals
Europe is expected to prevail as the most lucrative regional market, on the back of the rising prevalence of different types of allergies in the region
North America and East Asia will cumulatively account for more than a quarter of market value, owing to the presence of a wide population base with allergies coupled with developing healthcare infrastructure

COVID-19 Impact on Allergy Immunotherapy Market

The outbreak of COVID-19 has sent ripples of uncertainty across the global pharmaceutical sector and the allergy immunotherapy market is no different. The market is expected to witness several mid-term and long-term impacts due to the pandemic, as demand for SLIT tablets and injections experiences contraction. Likewise, shifting presence towards essential drugs is causing a delay in services, thus further slowing down the growth of the market. Along similar lines, shortages of staff and hindered supply chains during nation-wide lockdowns will further challenge the growth through the pandemic.

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3D Bioprinting Market is expected to grow at a Robust CAGR of 13% during the forecast period 2020-2030

Academic institutes and hospitals use 3D printing technology to develop various models for training purposes. The technology is increasing used in bio printing where biomaterials such as growth factors and cells are combined with bioink to create tissue-like structures that imitate natural tissues. The global 3D bioprinting market is estimated to surpass US$ 1.2 Bn by 2021, at the market CAGR of 13% during the forecast period (2020-2030), as per a new report by Future Market Insights (FMI).

3D bioprinting has immense potential to facilitate organ transplants and drug discovery. 3D printing can copy the actual macro and micro-environment of human organs and tissues which can solve the organ transplant crisis. Advancements in 3D printing technology and its promising applications in the healthcare industry are expected to increase the sale of 3D bioprinting over the forecast period.

As per the report, the technology will find increasing application in orthopedic implants manufacturing. The orthopedic implants segment is in fact forecast to account for over 30% of the market in terms of application.

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Key Takeaways from 3D bioprinting Marker Study

Exhibiting a little below 13% Y-o-Y growth in 2021, 3D bioprinting market will exhibit solid growth
The U.S. will register high demand, accounting for nearly 95% of sales in North America
Demand in U.K. is expected to rise significantly, exhibiting above 11% Y-o-Y growth in 2021
France and Germany too will register high demand
In East Asia, China and Japan are expected to emerge as key market

Who is Winning?

The global market is set to expand its scope in the forecast period, due to rising prevalence of orthopedic disease globally and adoption of 3D bioprinting at various stages of development of orthopedic implants by medical manufacturers. In addition to this, cost effectiveness and increase adaption of 3D bioprinting in dental and regenerative medicine application has augmented the sales of 3D bioprinting.

The key market players covered by FMI include 3D Systems, Inc, GE Healthcare (Concept Laser, Arcam AB), EOS GmbH Electro Optical Systems, Renishaw plc, Stratasys Ltd, Ltd, EnvisionTEC, Formlabs, Inc And Organovo Holdings Inc, and Advanced Solutions Life Sciences, consolidating their positions through mergers, acquisitions and new product launches.

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Compostable Foodservice Packaging Sales to Grow as Sustainability Drive Promises Rapid Adoption, Finds FMI

Future Market Insights, in its new offering, outlines the growth trails of compostable foodservice packaging market for the period 2019 and 2029. According to the report, worldwide sales of compostable foodservice packaging reached approximately 6,400 thousand tons in 2018, equaling revenues worth US$ 16.7 Billion. As end users’ quest for sustainable packaging intensifies, manufacturers are likely to witness a period of sustained demand in the future.

Expansion of foodservice industry, along with the emergence of ‘takeaway’ and ‘grab-and-go’ services will continue to provide potential growth prospects of the market. However, the price of producing compostable materials for packaging continues to be higher than the conventional variants which is likely to represent a threat to the growth of the compostable foodservice packaging market.

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With plastics becoming one of the biggest challenges in the world right now, brands prolifically using such materials will need to act quickly to find reliable alternatives. Technological innovations are being made to reduce the price of compostable foodservice packaging, and FMI’s study assesses that the global efforts to become a more sustainable society will be instrumental in creating new growth opportunities for the market vendors.

Trays Continue to Gain Preference Over Other Packaging Format

According to the study, the composite foodservice packaging market is estimated to grow at a CAGR of approximately 5% through 2029. One of the key growth drivers is a notable spike in the number of quick service restaurants (QSRs), especially in developing countries, which align with todays’ convenience and on-the-go culture. In addition, surging adoption of foodservice disposables, in the view of an increase in the demand for pre-packed food, has been preparing the grounds for compostable foodservice packaging penetration.

The study finds that compostable trays continue to account for relatively large share of manufacturers’ bottom lines, while more focus has been placed on increasing the production of compostable cups, as the category is witnessing rising demand from a multitude of end-use sectors.

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As the search for sustainable solutions scales up, companies operating in packaging industry are starting to launch a number of products made entirely from plant-based materials including mushroom roots, bagasse, seaweed, and starch derived from maize.

As per the study, the wave of ‘customization’ is also approaching in the compostable foodservice packaging space. To fulfill the individual packaging needs while promoting sustainability, manufacturers are targeted towards offering custom products of all sizes, ensuring food safety and minimizing leakage.

Demand from non-chain restaurants continues to influence growth strategies, and as identified by the FMI’s study, market stakeholders are tapping into opportunities in chain café and independent foodservice operators. Rapid expansion of international chain café in developing countries along with growing consumer preference to eat out, especially from food trucks and street stalls, is also likely to work well with the manufacturers’ growth strategies.

Growth prospects of the compostable foodservice packaging, as the report opines, are high in EU5 and the U.S. Greater awareness and easy access to innovative solutions along with favorable regulatory framework and higher availability of compost facilities in these regions have worked to the advantage of the stakeholders. In addition, market consolidation in Asia Pacific, particularly in the southern region, will remain a key to gaining distinct competitive advantage, as trends of eating out and online ordering have spiked across the region.

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The business intelligence report also offers an incisive outlook on competitive landscape by analyzing the key development strategies of the market players. According to the study, the market shows a high level of consolidation, with local and regional players catering to domestic and urgent demands, while leading players with strong regional presence account for relatively small share in the market.

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About Packaging Division at Future Market Insights

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

Reconditioned Packaging Market: Global Industry Analysis 2014 – 2018 and Opportunity Assessment 2019 – 2029

Reconditioned Packaging Market Overview

This Reconditioned Packaging market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Reconditioned Packaging market.

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Reconditioned Packaging Market: Overview

The primary aim of all packaging is to provide maximum protection and reduce wastage during transportation and storage. The industrial packaging products such as drums and IBCs are reconditioned to maintain high level of product safety with increasing environmental performance through enabling reuse. Many key players are moving towards reconditioned packaging, as it helps to reduce cost of manufacturing.

With the help of reconditioned packaging, the manufacturers are renovating the packaging product and increasing its life expectancy. SERRED – the European organization of 14 countries and 28 corporate members, is continuously working for reconditioned packaging and its members are reconditioning rigid packaging solutions over 12 million steel and plastic drums and over 3 million IBCs per year. According to the Industrial Packaging Association IPA, it is essential to select proper material for reconditioner which provides efficient performance of the packaging.

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Hence, in UK it is mandatory for the reconditioning of both steel drums and plastic drums to meet exact standard of UN and ADR for transport of dangerous goods as per the scheme given by Department for Transport UK, operated through the VCA. As many manufacturers are inclined towards potential ecological and economic advantage of reconditioned packaging, it is expected that the global market of reconditioned packaging will increase exponentially during the forecast period.

Reconditioned Packaging Market: Dynamics

The fueling factor for driving the global market of reconditioned packaging is an emergence of sustainable, reusable and recyclable packaging for the products. The demand for reconditioned packaging is increasing because it saves energy and carbon emission through repeated reconditioning.

Reconditioned packaging is considered as green alternative solution. Increasing opportunities for the growth of reconditioned packaging is witnessed as it reduces waste material landfills. Also it saves resources when compared to new product manufacturing. Hence Reusability is another driving factor for reconditioned packaging market.

The growth of reconditioned packaging market might slow down because of the technological upgradation.

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The key trends supporting to increasing opportunities for reconditioned packaging market includes 3Rs, downgaugin, safety, and optimizing packaging shape. The 3Rs- Reduce, Reuse and Recycle, controls the environmental impact by reducing carbon footprints. Whereas downgauging and optimizing packaging size helps to reconditioned product packaging with minimum material assuring good safety.

In August 2018, Cleveland, Ohio based North Coast Container company is acquired by General Steel Drum LLC. GSD followed this acquisistion for enhancing its services in terms of new steel drum, reconditioned drum and IBCs.

In June 2018, Industrial Containers Services, LLC is acquired by Centerbridge Partners, LP, a leading private investment firm. ICS is the largest provider of reconditioned container services in North America.

Reconditioned Packaging Market: Regional Outlook

Reconditioned packaging technology is accepted worldwide due to its increasing benefits. As per the survey (in 2016) done by Reusable Industrial Packaging association (RIPA), a U.S. based association manufacturer, reconditioner, and distributor of industrial containers such as drums and IBCs, the number of steel drum scrapped is decreased by 46%.

The total reconditioned and remanufactured steel drum in U.S. is more than 27,601,000. In North America, United States market is expected to be the major key player followed by Asia Pacific. In China and India, lucrative opportunities for growing reconditioned packaging market is observed as industrial chemical packaging market is growing rapidly. Increasing industrialization and ecofriendly packaging demand in the European market, the reconditioned market is expected to increase exponentially during the forecast period.

Reconditioned Packaging Market: Key Players

The key players of reconditioned packaging market are as follows:

North Coast Container Corp.
Metal Drum Co Ltd/The
Industrial Container Services, Inc.
InSight Packaging
Mauser Packaging Solution
Myers Container
Ebullient Packaging Pvt Ltd.
NCG-Noreko
Basco
Balmer Lawrie (UAE)

The Reconditioned Packaging Market 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, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Regional analysis includes –

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia
Middle East & Africa (MEA)

Reconditioned Packaging Market: Segmentation

Reconditioned packaging market is segmented on the basis of product type, reconditioning process, and end use.

On the basis of Product Type, the reconditioned packaging market is classified as:

Reconditioned steel drum
Reconditioned Intermediate Bulk Containers (IBCs)
Reconditioned plastic drum

On the basis of Reconditioning Process, the reconditioned packaging market is classified as:

Thermal Process
Aquatic Process
Chemical Process
Pneumatic Process

On the basis of End Use, the reconditioned packaging market is classified as:

Chemical and Petroleum
Pharmaceuticals
Food and Beverages
Automotive
Transportation

Portable Oxygen Concentrators Market revenue is projected to reach a market valuation of US$ 1246.1 Million by 2016 end and register a CAGR of 7.8% during the forecast period 2016-2026

According to a latest report published by Future Market Insights titled “Portable Oxygen Concentrators Market: Global Industry Analysis and Opportunity Assessment, 2016–2026,” the global portable oxygen concentrators market is anticipated to register a CAGR of 7.8% between 2016 and 2026 in terms of value.

Portable oxygen concentrators supply oxygen to patients suffering from respiratory diseases such as chronic obstructive pulmonary diseases. The concentrator separates nitrogen and oxygen from air in the environment and then supplies 95% pure oxygen to patients. POCs are easy to carry as they are smaller in size compared to stationary concentrators. Moreover, POCs are of great use to mountaineers and travellers in places where oxygen is inadequate.

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According to Future Market Insights, the global portable oxygen concentrators market is likely to witness substantial growth owing to increasing prevalence of chronic obstructive pulmonary diseases, growing consumer awareness for oxygen therapy devices, and a changing consumer lifestyle. Further, adoption of new technologies in medical devices, increasing government expenditure towards healthcare and medical devices development and production, and a rise in investment by companies manufacturing homecare products is likely to boost the growth of the global portable oxygen concentrators market during the forecast period (2016 – 2026). However, high product costs and stringent FDA regulations pertaining to medical devices are some of the factors likely to restrain the growth of the global portable oxygen concentrators market during the forecast period.

Segmentation highlights

The global portable oxygen concentrators market has been segmented on the basis of Product into Continuous Flow Portable Oxygen Concentrator and Pulse Flow Portable Oxygen Concentrator; and on the basis of End User into Hospitals, Homecare, Ambulatory Surgical Centres, and Travel Agents.

The Pulse Flow Portable Oxygen Concentrator product segment is projected to be valued at US$ 1890.3 Mn by 2026, registering a CAGR of 9.0% over the forecast period
The Homecare end user segment is projected to be valued at US$ 1820.5 Mn by 2026 and is likely to witness a CAGR of 9.0% over the forecast period

Regional market projections

The global portable oxygen concentrators market is segmented into the seven key regions of North America, Latin America, Western Europe, Eastern Europe, APEJ, MEA, and Japan. Growing geriatric population consequently increasing the requirement for homecare settings particularly in high income countries with increasing number of patients suffering from chronic obstructive pulmonary diseases is expected to result in significant growth of the North America portable oxygen concentrators market. The North America region is expected to report incremental opportunity of US$ 781.7 Mn between 2016 and 2026. Evolution of health insurance system is expected to contribute largely to the revenue generation potential and attractiveness of the Eastern Europe portable oxygen concentrators market. Rising adoption of portable oxygen concentrators in chronic obstructive pulmonary diseases patients for better care is expected to fuel revenue growth in the Japan portable oxygen concentrators market over the forecast period. High product cost of portable oxygen concentrators is expected to hamper sustainable adoption in the APEJ region. Lack of product awareness is expected to hamper market growth in the APEJ and MEA regions.

Vendor insights

The report profiles some of the top companies operating in the global portable oxygen concentrators market such as Koninklijke Philips N.V., Inogen Inc., Chart Industries Inc., Resmed Inc., Invacare Corporation, Drive DeVilbiss Healthcare, Precision Medical Inc., Besco Medical Co. Ltd., Oxus America, Inc. (Oxus), Foshan Keyhub Electronic Industries Co. Ltd., O2 Concepts LLC, and GCE Group. Key strategies adopted by leading market players in the global portable oxygen concentrators market include product approvals and commercialisation, efficient entry into markets in emerging countries, and adoption of latest innovative technologies in healthcare, thus strengthening regional proficiency and addressing customer needs effectively. New product launches, product innovation, and geographical expansion are anticipated to form the core of these strategies during the forecast period.

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Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here

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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, 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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Steel Drum and IBC Manufacturers Look for Expansion and Consolidation in China, Finds FMI Study

The global demand for steel drums & IBCs accounted for revenues equating US$ 16.3 Bn in 2022; FMI’s new study estimates growth to hover at 4% mark during the next decade. Increasing global trade and growing proclivity to invest in efficient transportation are supporting market growth, according to the authors of the report.

Increasing focus on achieving cost-effectiveness in logistics, along with growing transportation of hazardous and non-hazardous materials have brought steel drums and IBCs at the center stage. Moreover, as steel drums & IBCs are considered as one of the safest forms of packaging for dangerous goods such as chemicals, demand has remained steady over the years. The market is likely to be influenced by reusability that results in cost-savings in reverse logistics and traceability that enhances consumer services.

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Growing Demand for Steel Drums & IBCs in China

East Asian countries continue to offer significant opportunities for steel drums & IBC manufacturers. The demand for steel drums & IBCs in China, South Korea, and other East Asian countries is majorly driven by increased spending on trade activities and the growing demand for chemical packaging. The growing investments in increasing production facilities is likely to create significant growth opportunities for market players over the course of the forecast period.

In addition to East Asia, South Asia is likely to remain a lucrative region for the steel drums & IBCs market on account of the expansion of end-use industries which are likely to push the demand during the assessment period. Expanding cross-border trade witnessed across this region is expected to propel sales of steel drums & IBCs. Further, key investments in the European economies focused at IBC production by companies such as Mauser Packaging Solutions and Greif reflect the opportunities offered by the European economies.

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Chemical Industry Remains the Largest Consumer

Major consumption of steel drums and IBCs is witnessed across the chemical sector. The chemical segments is expected to hold approximately 40% share in the global steel drums & IBCs market in 2022. The growing incidents of storage and transportation of hazardous chemicals is expected to support this consumption as steel drums & IBCs are perceived to be safe packaging solutions for such goods.

As chemicals pose health risks on leakage and leach, the demand for packaging solutions that prevent exposure to external environment continues to rise, driving steel drums & IBCs’ demand. Another factor supporting the growing consumption of steel drums & IBCs for chemical packaging is the increasing inclination towards sustainable packaging solutions, considering the negative environmental impact of plastic which has been previously used for chemical storage and transport owing to its higher safety standards.

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Companies operating in the steel drums & IBCs market focus on maximizing the production on account of the constant demand growth from the chemical and petroleum and lubricants. Apart from these sectors, newer solutions are also being designed to address the requirements of the food processing and pharmaceutical sectors which include exceptional performance, enhanced handling and labor savings.

Moreover, manufacturers continue to emphasize production of customized solutions that are designed to meet specific end-use requirements. Leading manufacturers of steel drums & IBCs are likely to consider expansion of global footprint through acquisitions or collaborations with regional providers.

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Degassing Valve Market to Expand by 4.9% CAGR amid Surging Consumption of Coffee and Flexible Packaging Worldwide: FMI

As per a recent market analysis by Future Market Insights (FMI), the global degassing valve market size is projected to top US$ 140 Mn in 2022. With sales growing at a 4.9% CAGR, the market size will total US$ 215.7 Mn in 2031.

Degassing valves are used for emitting/degassing the carbon dioxide and air inside various bags and pouches. With their exceptional functionality, these valves maintain the freshness, aroma, and quality of food such as coffee, dairy products, pet food, etc.

With their degassing mechanism, these valves have brought about a significant change in the way coffee and other food products are packed and transported. The introduction of flexible packaging is also expected to boost sales of degassing valves over the assessment period.

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Factors such as rising consumption of coffee among millennials and increasing import and export of coffee products worldwide are key factors driving the degassing valves market.

Degassing valves are available with or without a filter. Both types have their own mechanism and functionality. Degassing valves with integrated filters are mostly suitable for powdered food and coffee products. The filter can prevent small powder particles from getting into the degassing valve.

Leading manufacturers operating in the market are providing valves with filters to fulfil the precise requirements of brand owners. The addition of these filters enables manufacturers to offer degassing valves for both coffee bean and powdered coffee packaging.

Surging demand for degassing valves with integrated filter mechanism among the small as well as leading coffee brand owners is expected to complement the growth of the market over the assessment period.

Key Takeaways:

By product type, the filter integrated valves segment is projected to account for 3/4th of the total market share through 2031.
Based on material type, PE (Polyethylene) will emerge as the most preferred material for degassing valves production. The segment is projected to offer an incremental opportunity of US$ 38.0 Mn during the forecast period.
Collectively North America and Europe are projected to hold around 52.0% of the degassing valve market share in 2022.

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“Increasing consumption and trade of coffee in developing regions, along with the introduction of flexible coffee packaging to maintain the freshness of these products will continue pushing sales over the forecast period,” says the FMI analyst.

Competition Landscape

CCL Industries, Goglio SpA, Fres-co System USA, Inc are the top players operating in the global degassing valve market. Furthermore, TricorBraun Flex, Plitek Valves Inc., Syntegon Technology GmbH, FLAIR Flexible Packaging Corporation, Layfield Group. Ltd., Amcor plc are among the leading players operating in the market.

The Tier 3 players in the market hold 35-45% in the global degassing valve market. In conclusion, key players contribute almost 55-65% of the global degassing valve market.

Leading players operating in the global degassing market are investing in research and development to develop flexible packaging solutions for coffee and other products. In addition to this, players are investing in mergers, acquisitions, and collaborations to gain a competitive edge in the market.

More Insights into the Degassing Valve Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global degassing valve market, analyzing historical demand from 2016-2021 and forecast statistics for 2022-2031. The study reveals growth projections on the degassing valve market on the basis of product type (filter integrated valves and non-filter integrated valves), material (PE Valves, PP Valves, Bio-based, Silicone and others), packaging format (bags and pouches) and end use (coffee, dairy, Pet food, fermented food, and other end use) across seven regions.

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