Market Research Blog

Carbonless papers consists of sheet of paper is a coated paper used to transfer information from one paper to another. Carbonless papers duplicates the markings made to top sheet, when certain amount of pressure is applied on it through writing or impact printing. Carbonless paper is coated with micro-encapsulated dye or ink on the top sheet. Carbonless papers are suitable for digital printing, compatible with laser, and inkjet printers. The carbonless paper market outlook is expected to be positive during the forecast period. Carbonless papers are used for invoices which can be printed through digital or offset printers. Manufacturers are providing carbonless paper which has very less effect of temperature and humidity. Two part form of carbonless paper includes safety paper and self-contained sheet which contains cushioning material, color forming capsules, and color developer

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Carbonless paper is coated with eco-friendly coating to eliminate the requirement for carbon paper. The significant shift in manufacturer’s preference towards usage of sustainable products is inclining consumer’s choice regarding variety of products. Due to increment in brand value preference and marketing strategy, actions concerning environmental impact and bio-degradability are becoming priority.Despite Inclination toward Digital Formats, Carbonless Paper to Maintain its Foothold in the Global Market

Increasing use of digital formats more than print media, is also expected to affect the consumption of carbonless paper negatively. As it replicates the exact form written or printed, it prevents alteration. Carbonless papers are majorly used in institutions, as they are required to maintain records in all the places. Thus, to avoid the unnecessary work of scanning and photocopy, institutions prefer carbonless paper pads or notebooks. Many business forms still using the carbonless papers, wherein avoiding the chances of alteration even in print media. Carbonless papers are available in reel and roll form. The high quality printing ensures that carbonless papers have high tear strength as well as easy printing. The demand for security papers is increasing owing to increment in international tourism, which further accelerates the growth of carbonless paper market.

Carbonless Paper Market: Key Players & Trends

Manufacturers in the carbonless paper market are providing different types of customizable papers according to the requirement of end user. Some of the manufacturers in the global carbonless paper market are Koehler Paper Group, Mitsubishi HiTec Paper Europe GmbH, P. H. Glatfelter Company, and Jinyi Paper Co., Ltd.

Carbonless Paper Market: Regional Outlook

In Americas, North America is expected to lead in terms of market share in the next decade, wherein, U.S. to hold majority of value share during the forecast period. In emerging regions, the carbonless paper market is expected to grow at a faster rate as compared to other regions. India and China are expected to witness significant change during the forecast period, owing to consumer’s inclination toward sustainable products. The European region is expected to witness stagnant growth in the carbonless paper market, owing to saturated paper market scenario. The Carbonless paper market in the Middle East & Africa region is expected to lead by GCC Countries, followed by South Africa. In Latin America, Mexico is anticipated to expand at higher growth rate than other countries, in terms of paper-based products owing to shift in consumer preference. Carbonless paper market is expected to witness moderate growth rate in Germany and USA, wherein, quite higher growth rate in China, India, and Mexico during the forecast period.

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, macroeconomic indicators and governing factors along with carbonless paper 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
• Europe
• Middle East and Africa (MEA)
• East Asia
• South Asia
• Oceania

Carbonless Paper Market: Segmentation

On the basis of basis weight, global carbonless paper market has been segmented as

• <30 gsm
• 31-60 gsm
• 61-90 gsm
• >90 gsm

On the basis of paper type, global carbonless paper market has been segmented as

• 2 Parts
• 3 Parts
• 4 Parts
• Tailored Paper

On the basis of end use, global carbonless paper market has been segmented as

• Institutions
  • Financial Service Providers
  • Banks
  • Healthcare Institutes
  • Government Organizations
  • Postal Services
• Educational
• Business
  • Invoices
  • Receipts
• Households

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Report Highlights:

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

Mesh bags are basically retail bags that are woven or knitted using plastic or fabric. They are commonly used for carrying fruits and vegetables. Mesh bags offer high breathability and product visibility along with custom labels. The mesh of these bags can be shaped according to the consumer needs; the mesh types available include hexagonal, diamond, oval, rectangular and square. Mesh bags made from cotton and other fabrics are considered sustainable as compared to the plastic ones as they can be reused.

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The key advantage of mesh bags is that the fresh produce stored in the bags stays fresh for longer periods of time. The mesh provides breathability to the content through air circulation and keeps the food fresh. Cotton mesh bags are highly preferred over plastic for grocery shopping as they are washable. Different kinds of mesh bags made from HDPE (High density polyethylene) are also used for breeding oysters. Mesh bags are produced using techniques, such as knitting and extrusion and are commonly available at grocery stores and hypermarkets. These bags allow consumers to fill particular quantities of vegetables and fruits, post which the bags are sealed with the price tags. Grocery stores offer various sizes of mesh bags, the larger ones being able to accommodate up to a large watermelon.

Global Mesh Bags Market: Dynamics

Product visibility and breathability are the two key factors driving the growth of the global mesh bags market. Mesh bags are also used as laundry bags in households as they enable the easy prepacking and display of products. They are available with or without custom printed labels. Some manufacturers such as Fulton Companies offer bulk size mesh bags that can carry weight up to 2000 lb-3000 lb. Leno mesh bags are usually used for the packaging of onions, nuts, shellfish, citrus fruits or firewood. They are ideal for these purposes as they are solid, form-stable and breathable. The requirement of leno mesh bags for firewood across cold countries such as the U.S., Canada and Russia fuels the growth of the global mesh bags market. Leno mesh bags are well suited for transportation and can be packed with automatic filling equipment. With proper ventilation, these bags ensure that their contents, such as vegetables and fruits, remain fresh for longer periods of time. The net structure of mesh bags allows consumers to visually inspect the quality of the contents without actually having to open the bags.

The demand for mesh bags has been increasing proportionally with the demand for fresh food. The increased use of mesh bags in storing shrimp and shellfish presents opportunities for the growth of the mesh bags market in the seafood segment. Grocery stores and hypermarkets are adopting the use of mesh bags as they allow a degree of control over photosynthesis and respiration in fruits and vegetables.

Global Mesh Bags Market: Regional Outlook

The U.S. is expected to account for a relatively high share in the global mesh bags market, due to the increasing demand for storage solutions for fresh produce in the country. Developing countries such as India and China are also likely to exhibit positive growth in the global mesh bags market during the forecast period.

Global Mesh Bags Market: Key Manufacturers

• Volm Companies
• Meshpack
• Min Shen Enterprise Co. Ltd.
• Agribag Inc.
• Cady Bag Company
• Krishna Polynet
• SG Global Packaging
• Fischer Bag Company
• Vedder Industrial Co. Ltd.
• Globe Bagco
• Wasserman Bags

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, macroeconomic indicators and governing factors along with Mesh Bags 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
• Europe
• Middle East & Africa (MEA)
• East Asia (Japan, China, South Korea)
• South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest)
• Oceania (Australia, New Zealand)
• Latin America

Global Mesh Bags Market: Segmentation

The global mesh bags market has been segmented on the basis of material into:

• Plastic
• High Density Polyethylene
• Polypropylene
• Cotton
• Jute

The global mesh bags market has been segmented on the basis of product type into:

• Raschel Bags
• Leno Bags
• Half-n-half bags
• Tube style mesh bags

The global mesh bags market has been segmented on the basis of mesh type into:

• Small
• Middle
• Large

The global mesh bags market has been segmented on the basis of capacity (Lb) into:

• < 50 lb
• 50-500 lb
• 500-1000 lb
• 1000 lb & above

The global mesh bags market has been segmented on the basis of end-use into:

• Fruits
• Vegetables
• Other groceries

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Report Highlights:

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

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

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

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

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

Global Packaging Films Market Study and Findings

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

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

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

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

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

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COVID-19 Impact on Packaging Barrier Films

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

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

Packaging Barrier Films Market Report

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

 

About us :

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

Contact :

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

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

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

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

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

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

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

Key Takeaways from the Zipper Pouch Market Study

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

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

Shifting Consumer Preference Towards Resealable Packaging Drives Demand

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

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

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

Zipper Pouch Market by Category

By Product Type:

• Stand Up Zipper Pouch
• Flat Zipper Pouch

By Material Type:

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

By Closure Type:

• Slider Zip
• Press to Close

By End Use:

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

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Zipper Pouch Market Landscape

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

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

 

About us :

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

Contact :

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

Packaging plays a crucial role today and serves diverse purposes such as brand promotion and attracting customers for driving sales. As per Future Market Insights (FMI), these factors will enable laminated tubes sales growth at 6.3% CAGR between 2021 and 2031.

Consumers are switching from rigid packaging such as plastic and aluminum packaging tubes to flexible laminated tube packaging. They mostly prefer hygienic, durable, and visually appealing product packaging that also offer high protection of the contents inside the tube.

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Laminated tubes are lightweight, hygienic, and tamper-resistant. The premium quality and smooth finish of these tubes makes them more attractive and noticeable.  They also protect the content inside the tube from light, air, oxygen, moisture, UV rays, and a variety of bacterial infections.

They also act as a reliable seal to keep the contents free from spoilage, and dust particles, thus extending a product’s shelf life. The multilevel barrier of laminated tubes provides a protective layer and ensures greater longevity of the material.

Therefore, the rising awareness among consumers about health, hygiene, and willingness to purchase cost-effective, and attractive products will create opportunities for the laminated tubes market expansion.

Key Takeaways from Laminated Tubes Market

• Laminated tubes are made from multiple layers of different materials of EVOH, aluminum, and plastic. Of these, the demand for aluminum barrier laminate (ABL) is highest. FMI also projects the ABL segment to account for 82.2% of the market by 2031.
• The 50 to 100 ml capacity segment will account for 62.4% market share by 2031. These type of tubes are designed as a standard size preferred by the consumers, primarily used for cosmetics and oral care packaging
• Stand-up caps are more preferred in the laminated tube and are expected to hold 45.1% of market share by 2031.
• The oral care segment is projected to be the fastest-growing end-user segment, accounting for 45.3% of sales through the forecast period.
• East Asia market is expected to show strong  growth, rising at 8.1% CAGR during the forecast period of 2021-2031.

 “With increasing consumer focus on oral hygiene and a shift in preference towards visually appealing, hygienic, and premium quality cosmetic products are creating opportunities for laminated tubes market growth. These trends also are encouraging manufacturers to focus on innovations to offer more efficient packaging solutions,” says FMI analyst.

Demand in Beauty and Personal Care Industry to Increase

Consumers have become increasingly concerned about the quality and brand value of the cosmetics and personal care products they purchase. Willingness to spend on quality products with premium packaging that will prevent contamination of product packed inside and improve their shelf-life will increase laminated tubes application in the cosmetics sector.

The trend of glossy tubes with sophisticated metallic effects and intricate designs such as realistic photo prints, matte or glossy finishes will help laminated tubes to stand out in the competition.

Laminated Tubes Market by Category

By Product Type:

• Plastic Barrier Laminates (PBL)
  • Ethylene Vinyl Alcohol (EVOH)
  • Polyamide (PA)
  • Polyester (PET)
• Aluminum Barrier Laminates (ABL)

By Capacity:

• Less than 50 ml
• 51 to 100 ml
• 101 to 150 ml
• Above 150 ml

By Cap Type:

• Stand-up Cap
• Nozzle Cap
• Fez Cap
• Flip Top Cap
• Other Caps

By End Use:

• Cosmetics
  • Hair Care
  • Skin Care
  • Others (Nail Care, Nail Polish, etc.)
• Oral Care
• Commercial
  • Sealants & Adhesives
  • Lubricants
  • Others (Specialty grease and pesticides)
• Pharmaceuticals

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Rising Intolerance towards the Use of Plastic Likely to Hamper the Market Growth

Concerns related to the environment due to the usage of plastic is negatively impacting the laminated tubes market. Various countries have imposed strict bans and stringent regulations to minimize plastic consumption.

For instance,

• In March 2019, the European Parliament passed a law to ban single-use plastic. The law stressed the significant environmental, health, and economic impact of certain plastic products.

Plastic-waste dumping in the sea and landfills is the primary global environmental concern today. Many institutions, NGOs, and government authorities are encouraging plastic manufacturing companies to develop environment-friendly, bio-degradable, and recyclable packaging product solutions.

Laminated tubes are made by using multiple layers to protect the product against environmental conditions. They are not recyclable due to their multi-layer nature. Aluminum laminated tubes are recyclable, whereas plastic laminated tubes are not fully recyclable. Thus, the consumer’s awareness and consciousness towards purchasing eco-friendly products and the government ban on plastic consumption

Laminated Tubes Market Landscape

Berry Global Group Inc., CCL Industries Inc., Huhtamäki Oyj, EPL Limited, Albea S.A., Hoffmann Neopac AG, Tubopress Italia S.R.L and among others are the prominent players in the global laminated tubes market. The Tier 1 players in the market hold 20-30% in the global laminated tubes market.

 

About us :

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

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

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

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

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

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

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

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

Key Takeaways:

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

Security Bags Market by Category

By Raw Material Type:

• Plastic
• Paper
• Fabric

By Product Type:

• Opaque
• Clear

By Application:

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

By End-Use:

• Financial Institutions
• Hospitals
• Casinos
• Hotels
• National Retail Companies

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Competitive Landscape

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

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

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

More Insights into the Security Bags Market Report

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

About us :

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

Contact :

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

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

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

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

Opportunities in Pharmaceutical Packaging Hinting Positive Prospects

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

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

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

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

Key Segment

By Material Type

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

By Pack Size

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

By Packaging Machinery

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

By Application

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

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Sachets – The Culprit of Waste Filling Oceans?

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

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

 

About us :

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

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Mr. Debashish Roy
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