Disposable Lids Market Will Generate New Growth Opportunities in Upcoming Year

The latest market research report by Future Market Insights on the disposable lids market includes global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report studies the disposable lids market and provides critical insights for the forecast period 2022–2029.

As per the research findings of the report, the global disposable lids market is projected to experience noteworthy growth over the forecast period, due to various driving factors such as growing food & beverages industry and increasing demand for disposable and recyclable lids.

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The global disposable lids market was valued at US$ 2.6 Bn in 2022, and is expected to increase at a CAGR of ~4% during the forecast period, 2022–2029. Increasing focus to maintain the environmental sustainability is one of the vital factors that accelerates the market growth of the disposable lids.

Growing Online Food Ordering to Create Noteworthy Opportunities

The online food ordering market is one of the rapidly growing markets across the globe. Frequent requirement of disposable lids in the online food ordering market is contributing to the growth of the market considerably.

Increasing demand for disposable lids in the online food ordering market for covering various packaging products such as cups, containers, trays, and bowls is ultimately creating opportunities for disposable lid manufacturers to capture a significant market share. Countries such as China and India are expected to witness new heights in online food ordering market, which ultimately fuels the demand for disposable lids.

Organized Food Retail Outlets to Create Demand in Emerging Clusters

Rapidly growing food & beverages industry, especially fast food industry in countries such as China and India creates massive demand for the disposable lids. Increasing penetration of prominent foodservice providers in these countries and frequent requirements of disposable lids in foodservice outlets is ultimately boosting the market growth.

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On the basis of geography, North America and Europe are anticipated to capture a substantial market share in terms of value in the disposable lids market due to adequate presence of key disposable lids manufacturers in these regions. Furthermore, factors such as growing global population, increasing demand for food products, especially for packaged food products is propelling the demand for disposable lids in the market.

Brand Owners Spending on Promotional Activities of Food Products is Gaining Momentum.

Leading market players in the food and beverage industries are adopting the promotional strategy to maximize the overall sales of the food products. These prominent players are using promotional strategies such as advertising, branding and publicity to generate the maximum revenue.

Rising sales of food products across the globe, especially for packaged food and beverages products is ultimately fuelling the demand for disposable lids.

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Disposable Lids Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global disposable lids market. Some of the examples of key players in the global disposable lids market are Berry Global, Huhtamaki Group, Greiner Packaging International GmbH, Dart Container Corporation, Genpak, LLC, Cambro, Carlisle FoodService Products, Airlite Plastics, Cosmoplast (Harwal Group), Be Green Packaging LLC, Michael Procos S.A., Medac S.r.l., “Amhil Europa” LLC, ConverPack Inc., Plus Paper Foodpac Ltd.,  Pactiv LLC, Manoher International, G.E.T. Enterprises, LLC, and Pt Pola Paperindo Jayatama.

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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

Operational Digital Oilfield Solution Market Share by 2026: Upcoming Trends and Analysis

Operational digital oilfield solution is a combination of business process management and advance information technology, with the initiative to maximize oilfield recovery. The new digital oilfield concept will eliminate non-productive time and increase productivity by deploying integrated workflows. Operational digital oilfield market includes “Intelligent Wells” which have fiber-optic sensors buried in the drilling apparatus that are being controlled manually by the operators on site or sometimes controlled automatically through closed loop information systems. These fiber- optic sensors transmit a constant stream of data about the oil wells and its environment. The digital oilfields also have “advance alarming” system which predict the performance levels and provide an early indication in case of potential equipment failure.

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Operational digital oilfield solution concept has brought a revolutionary change in the oilfield market and is projected to grow at an increasing pace in coming years. Some of the major benefits of this concept include operational efficiency, production optimization, collaboration, decision support, data integration and workflow automation. The operational digital oilfield solution market caters to various stakeholders such as oilfield operators, exploration companies, government & research organizations, energy associations, private equity investors, and environment research institutes.

Global Operational Digital Oilfield Solution Market: Drivers and Restraints

Demand for operational digital oilfield solutions is increasing due to limited oil or fuel supply to the growing number of vehicles in the market which is forcing the oil industry to adopt new and improved technology. Apart from this, shortage of skilled labor in the oil industry has been a major problem faced by the industry over the last few years. Introduction of digital oilfield solution will help oil industry to eliminate such problems. Rapid urbanization and growing dependency on digital medium is also one of the major factors which is driving the growth of digital oil field market.

The key issue in implementing the digital oil field technology at field level of the organization is the restriction issues of the operating personnel. It is an entirely novel method of operation in oilfields and requires proper education and training to the employees for updating them on time to time basis.

Global Digital Oilfield Solution Market: Regional Outlook

Geographically, digital oilfield solutionmarket can be divided in major regions which include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japanand the Middle East and Africa (MEA).MEA with its low oil production cost as compared with current prevailing oil prices of other regions is anticipated to dominate the global operational digital oilfield solutions market in terms of value during the forecast period.

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Global Digital Oilfield SolutionMarket: Key Players

The key players in global digital oilfield solution market are:

  • Schlumberger Limited
  • Halliburton Company
  • Baker Hughes Incorporated
  • National Oil well Varco, Inc.
  • Weatherford International PLC
  • Paradigm Limited
  • HIS Inc.
  • Point cross Inc.
  • Katalyst Data Management
  • Rockwell automation
  • Siemens AG
  • Pason system, Inc.

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 geographies, 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 include

  • North America (U.S., Canada)
  • Latin America (Brazil, Rest Of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic countries)
  • 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)

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

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Global Operational Digital Oilfield Solution Market: Segmentation

The global operational digital oilfield market can be segmented as follows:

Global Operational Digital Oilfield SolutionMarket, by Service

  • Automation & Instrumentation
  • Distributed Control System
  • Supervisory Control And Data Acquisition (SCADA)
  • Smart Well
  • Safety System
  • Wireless Sensor
  • Programmable Logic Controller (PLC)

Global Operational Digital Oilfield Solution Market, byProcess

  • Production Optimization.
  • Drilling Optimization.
  • Reservoir Optimization.
  • Others (Asset management, Safety Management, Maintenance & repair)

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

Lightweight Plastic Containers Account for 50% of Sales in Rigid Industrial Packaging Market, Finds FMI

Rigid industrial packaging recorded a volume sales of ~1.85 billion units, equating a value of ~US$ 26 billion in 2022. As per the latest report published by Future Market Insights (FMI),

Rigid industrial packaging has been gaining rising momentum in a number of commercial sectors owing to its enhanced protective capabilities against harsh environmental factors. FMI’s study opines that fast-paced industrialization and increasing demand for chemicals and pharmaceuticals continue to influence the growth prospects of rigid industrial packaging market.

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It’s not sufficient for rigid industrial packaging to merely contain the product inside. FMI’s study finds that there is greater awareness among manufacturers and suppliers to deliver more environmentally acceptable packaging formats. Therefore, the futuristic focus revolves around technological innovations and sustainable solutions that reduce the cost of manufacturing as well as the environmental impact.

Manufacturers Capture Opportunities Arising from Chemical Industry

According to the study, one of the important growth drivers is an increase in inter-continental trade activities, which necessitate newer industries – such as bio-chemical, food grade ingredient, and processed food – to use rigid industrial packaging format. Furthermore, the market remains heavily dependent on four key end-use industries including chemicals & solvent, food & beverage, oil & lubricants, and automotive.

The study opines that high demand for steel drums, pails, and rigid intermediate bulk containers (IBCs) from chemicals & solvent industry continue to influence the growth strategies. Additionally, manufacturers are focused on increasing the production of plastic drums and bulk boxes to capitalize on rapidly expanding automotive and food & beverage industries.

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Despite the cloud swirling around the ill effects of plastic, manufacturers continue to use plastic as a convenient material for rigid industrial packaging, owing to technical and operational advantages and lower costs as compared to metals. Accounting for ~50% revenue share in 2018, sales of rigid containers made up of plastic are likely to witness significant growth in the future, backed further by the lightweight property and advances in technologies of polymer processing. However, low degradability of plastic will remain a key concern among manufacturers as well as end users.

As per the study, reuse of containers is gaining ground in the rigid industrial packaging space, and to align with the current trends, manufacturers are placing more focus on R&D activities and innovations to increase the efficiency of products and maximize repeat use. The trend of customization has also been noticeable in the market, as manufacturers are inclining towards offering products that meet end users’ specific requirements.

Growth prospects of the rigid industrial packaging, as identified by the FMI study, are high in East Asia, representing a revenue share of 50% in 2018. An exponential rise in manufacturing activities in the region along with expansion of F&B industry has surged the demand for safe and contamination-proof packaging. Favorable government policies on intercontinental trade activities along with increasing number of OEMs will continue to create opportunities for market players in East Asia.

The study identifies restraints that could possibly hamper the growth of the rigid industrial packaging market. Rapid emergence of new companies from developing countries, catering to the needs of local customers at reasonable costs, are likely to squeeze the global player’s margin in the market. These players are further under the pressure from end users to reduce the overall costs.

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The business intelligence highlights the competitive landscape in the rigid industrial packaging market, by conducting a thorough analysis on the key growth strategies of the market players. Acquisitions and partnerships with local players remain a strategic focus area of key stakeholders for enhanced global footprint.

This study tracks growth of the global rigid industrial packaging market from 2022 to 2029. The global rigid industrial packaging is likely to spectate a steady rise at 4.5% value CAGR over the course of the forecast period, according to FMI’s projections.

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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

Timber Wrap Films Market to top a valuation of US$ 601 Million by 2029 – Comprehensive Research Report by FMI

Future Market Insights delivers vital insights on the timber wrap films market in its published report, titled “Timber Wrap Films Market: Global Industry Analysis 2014-2021 and Opportunity Assessment 2022-2029.” In terms of revenue, the global timber wrap films market is projected to expand at a CAGR of nearly 4.3% during the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in the timber wrap films market report

Timber wrapping film is an effective packaging solution that protects timber during storage and shipment. Timber wrap films are used to protect timber from moisture and external elements, which can affect the finishing of the product. Timber wrap films with high friction are used to provide anti-slip protection to timber packaging. High strength & barrier films are used for timber packaging to enhance the quality of the packaging. Basically, timber wrap films are designed to protect timber from extreme weather conditions and handling damage.

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In the timber wrap films market report, FMI suggests that the growing use of wood for furniture, building & construction, packaging, and as a source of energy is driving the demand for timber, which further fuels the demand for timber wrap films during the forecast period. The timber wrap films market has been segmented on the basis of thickness and material type.

Medium Thickness Films Continue to See High Traction

On the basis of thickness, the timber wrap films market has been segmented as up to 75 microns, 76 – 150 microns, 151 – 225 microns, and above 225 microns. Among them, 76 – 150 microns thickness timber wrap films are expected to dominate the global market. Timber wrap films with this thickness have high temperature stability, are economical, and have high preference among end users owing to their anti-static and flame-retardant properties. The 76 – 150 microns thickness segment is followed by the 151 – 225 microns segment during the next decade. The continuous demand for timber products across the globe is likely to drive the global timber wrap films market growth.

The North America timber wrap films market is heavily driven by the United States. The demand for the timber in the U.S. was unexpectedly high last year and the same scenario is expected to be witnessed in the current year due to the high demand created by the housing sector. This factor is expected to drive the growth of the global timber wrap films market during the next decade.

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Forests play an important role in the socio-economic development of a country. They are highly rich sources of firewood, timber, energy, and other products. Round wood, industrial round wood, and sawn wood are some of the major forest products that have high demand from end users. The transportation of these products and preventing them from moisture are major issues faced by exporters. This is expected to drive the demand for timber wrap films due to their characteristics such as enhanced barrier resistance against moisture, cost efficiency, and lightweight qualities.

The rising demand for storage, loading, and transportation of timber is expected to fuel the growth prospects of the timber wrap films market. Also, to prevent wood warping, timber wrap films are the optimum solution. For wooden furniture manufacturers, warping of timber products is a serious problem. This generally happens during transportation and results in financial losses to the manufacturers. This issue can be prevented with proper transportation of timber by using timber wrap films. Timber wrap films are wrapped around the timber, which prevents them from coming in contact with moisture. This factor is expected to drive the growth of the global timber wrap films market during the forecast period.

Key players profiled in the report timber wrap films market include – RKW SE, Balcon Plastics Limited, Ab Rani Plast Oy., Polytarp Product, SCOTT Lumber Packaging, LLC, InterWrap Inc., Flexpak Corp., Inteplast Group, Multifab Packaging, Trioplast Industrier AB, Polymax, Inc., Davidson Plastics Ltd., Flexoplas Packaging Limited, Polyprint Packaging Limited, Pak-Line Limited, Pakaflex Pty Limited, Tri Pac Inc., and Intertape Polymer Group Inc.

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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

Plastic Bottle Packaging Market Surges Recent Improved Growth Rate of Pricing Model: FMI

The global market revenue for plastic container packaging is projected to exceed US$26.14 billion by the end of 2031, witnessing a passive expansion at a CAGR of 2.9%.

Future Market Insights (FMI) provides important insights on the Plastic Jar Packaging Market in its published report titled “Plastic Jar Packaging Market: Global Industry Analysis 2019-2029 and Opportunity Assessment 2021-2031”  .

Less than 10 ounces among a wide range of market segments based on the capacity of plastic containers. According to the report, it will remain dominant in terms of market share.

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As the report concludes, the growing consumer propensity for controlled portion consumption will explain the continued popularity of smaller sized plastic bottles with capacities less than 10 ounces. for the next few years.

End-use manufacturers still prefer plastic container packaging solutions.

In this report, FMI proposes that plastic container packaging will create significant demand in various end-use industries over the forecast period as plastic container packaging emerges as a lightweight, safe, impact-resistant, durable and cost-effective solution.

In addition, the food and beverage industry is currently the most profitable end user and is registering the highest consumption of plastic containers for packaging.

Plastic bottles are easy to stack during transportation and their light weight allows manufacturers to reduce shipping and shipping costs.

Additionally, the remarkably high resistance offered by plastics to chemical solvents and other contaminants continues to drive demand for plastic containers as the preferred solution for the safe and hygienic packaging of products.

Polyethylene terephthalate (PET), which is particularly favored by the F&B industry,   will continue to have a prominent share of revenues in the coming years, as indicated by FMI’s analysis of the plastic container packaging industry based on the type of material used to manufacture the plastic container   . no see.

Food manufacturers usually    choose PET bottles .   PET bottles have been a popular option for their excellent   vapor barrier properties.

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Developed countries lead the global market and high consumption of processed foods driving emerging markets

While North America currently accounts for just under a quarter of the global market value, growing demand for effective and efficient packaging formats will drive innovation in the plastic container packaging industry in the region.

However, the European market for plastic container packaging will receive strong support from thriving end-use industries, particularly F&B, pharmaceuticals, cosmetics and personal care. An effective regulatory framework from European authorities will remain an important factor shaping the plastic container packaging market across Europe, as suggested in the report.

The plastic container packaging market in South Asia holds a significant revenue share in the global market and is expected to surpass other regions in terms of growth rate in the coming years.

FMI’s research shows that the strong presence of F&B industry operators will keep the demand for plastic container packaging solutions prominent. On the other hand, the growing consumption of processed and packaged food and beverages is pushing the prospects of plastic container packaging technology within the South Asian market.

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The FMI study was conducted by   Alpha Packaging Inc.  , Ontario Plastic Container producers Ltd.,   Cospak Pty Ltd.  , Gepack Srl, Amcor Limited, Berry Global Inc., Gerresheimer AG, Olcott Plastics, Inc., RPC M&H Plastics Ltd., All American Containers, Inc., Tim Plastics, Inc., Pretium Packaging, LLC, Integrity Cosmetic Container Industrial Co. ., Ltd., Silgan Holdings Inc., Taral Plastics , Inc., SKS Bottle & Packaging, Inc., Neville and More Ltd., Ltd. Plasmo Pty Ltd, Zenith Global Ltd, Thornton Plastics Co., Ltd. and Rayuen Packaging Co., Limited.

About Future Market Insights Packaging

FMI’s Packaging Division provides  in-depth historical analysis and detailed forecasts of the global packaging market. From packaging materials to designs and formats, FMI has an exhaustive market research database, providing unique offers and strategic recommendations to its clients. With a repository of more than 750 reports, the team comprehensively analyzed the packaging industry in more than 70 countries. The team evaluates every node in the value chain and provides end-to-end research and consulting services. Contact us to find out how we can help

Industrial Electronics Packaging Market to attain a net worth of US$ 2.5 Bn by the end of 2029 – Comprehensive Research Report by FMI

The global industrial electronics packaging market currently enjoys a valuation of US$ 1.9 Bn, and is predicted to expand at a CAGR of 4.1% to attain a net worth of US$ 2.5 Bn by the end of 2029.

Industrial Electronics Packaging Market Size (2022) US$ 1.9 Bn
Estimated Market Worth (2029) US$ 2.5 Bn
Global Market Growth (2022-2029) 4.1% CAGR
Dominant Material for Packaging Industrial Electronic Products Plastic – 57.4% Share

Nearly 3.5% annual growth is expected in the volume consumption of industrial electronics packaging solutions, in 2022. As indicated by a new market research study of Future Market Insights (FMI), nearly 70% of the demand for industrial electronics packaging is generated by industrial controls and power electronics.

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More than 90% of the overall industrial electronics packaging solutions are in the rigid format. Flexible packaging formats, although rapidly gaining ground across industries, holds a negligible share in packaging of industrial electronics.

Material-wise, plastics currently hold nearly 60% share in industrial electronics packaging materials and are likely to retain dominance in the global industrial electronics packaging market. The report opines that polyethylene (PE) will remain the most rewarding segment in the industrial electronics packaging market, followed by polyvinyl chloride (PVC), according to the report.

Asian Economies Hold Promising Investment Opportunities for Industrial Electronics Packaging Companies

North America is estimated to be the most prominent industrial electronics packaging market, the report also points to the robust growth in East Asia’s market attractiveness over the years to come. The East Asian market for industrial electronics packaging will thus remain a significant regional contender in the industrial electronics packaging landscape, according to FMI’s analysis.

In East Asia, Japan holds more than 50% of the market share, followed by China. South Asia is also cited as a highly lucrative investment pocket for manufacturers of industrial electronics packaging solutions, potentially outpacing other regional markets in terms of growth rate. Growth of South and East Asian market is attributed to robust manufacturing of consumer electronics and swelling demand for impact-resistant protective packaging solutions.

Europe is another prominent market for industrial electronics packaging, more than 60% of which is accounted by Germany. The country will continue to spearhead European market owing to towering rate of production of semiconductor components and equipment.

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Europe & the US Account for a Massive Share in Global Production of Industrial Electronics

Manufacturers of industrial electronics packaging are eyeing business expansion across countries with high consumer electronics production, as an effort to strengthen their foothold in the global industrial electronics packaging market. Leading manufacturers of industrial electronics packaging are either based out of the US or Europe, or have a strong presence in these regions, as both the markets hold a collective share of more than 60% in the global production of industrial electronics.

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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.

 

Punnet Market to Reach US$ 1.7 Bn as Paper Based and Cardboard Punnets Cause Breakthrough in Packaging Sustainability

According to a market study by Future Market Insights (FMI), the demand for plastic punnets increased among end users with growing consumption of packaged fresh food. However, due to growing environmental concern, manufacturers and end users are adopting sustainable packaging formats to preserve nature and ensure maximum product shelf life.

To capitalize on this existing trend, some of the manufacturers are developing PCR material based punnets and are also developing alternatives to plastic punnets such as cardboard, paper and molded fiber punnets.

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For instance, leading manufacturer, Smurfit Kappa Group identified that globally around 95% of all plastic packaging is used for single time and then converted into waste by discarding all of them.

This increased the litter and ultimately landfills. Hence, demand for paper based punnets is expected to increase as they are completely recyclable and reduce the plastic waste.

Meanwhile, Westpack Group Ltd. recently launched cardboard based punnets which are heat sealed. This innovation will minimize long-standing dependency of grocery manufacturers on plastic punnets for commercial heat sealing process. The company is offering set of commercially viable paper based alternative to plastic punnets.

As these paper or cardboard punnets are also good in absorbing moisture, FMI anticipates that they will witness astonishing growth, accelerating the demand in the global punnet market over the coming decade.

Key Takeaways from Punnet Market

  • The plastic punnet segment is estimated to create an incremental opportunity of US$ 529.4 Mn during the forecast period.
  • The fresh food produce segment will witness robust growth at a CAGR of 6.5% in the forecast period.
  • North America punnet market is to anticipated to hold nearly 25% of the global market share during the forecast period.
  • South and East Asia are anticipated to be the most attractive region for the punnet market during the forecast period.
  • China and the U.S are expected to dominate the East Asia and North America punnet market, respectively.

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“Adoption of sustainable material with ~100% recyclability which can increase the shelf life of fresh produce with attractive print on the punnet is increasing. This is expected to create lucrative growth avenues in the market over the coming decade” –FMI Analyst

Need to Increase Shelf Life of Fresh Produce to Accelerate Demand for Punnet Packaging

The punnet market is poised to expand with rising demand for products with longer shelf lives. It takes time for packaged food to reach consumers across the globe after it is packaged. As a result, the packaged food may not be fresh, and its aroma and taste may be lost before it reaches the consumer. Hence, to keep the packaged food and fruits more fresh, adoption of punnets is increasing.

Further, packaging industries are investing in technologies and various new packaging techniques, such as intelligent packaging to increase the shelf life of the product. Punnet packages’ enhances the shelf life of fresh goods for longer period of time. This is creating growth opportunities for punnet manufacturers.

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Punnet Market Landscape

Leading players operating in the global punnet market include Smurfit Kappa Group Plc, LC Packaging International BV, Coveries Holding SA, T&B Containers Ltd, Tacca Industries Pty. Ltd., Raptis Pax Pty. Ltd., INFIA srl, Quinn Packaging Ltd., Groupe Guillin SA, Paccor Netherlands BV, Leeways Packaging Services Ltd., AVI Global Plast Private Limited, Royal Interpack Group, Alta Global Inc. and Ilip S.r.l.

Punnet Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for punnet market by material type (paper, plastic, molded fiber punnets), by capacity (Up to 150 gm, 151-330 gm, 301-500 gm, above 500 gm), by application (fruits and vegetables, meat poultry and seafood, frozen food, Ready-to-Eat), by end use (retail outlets, hotels, restaurants and cafes, household).

Syringes Market to Exceed US$ 49.2 Bn by 2032 as Demand in Hospitals Continue Growing

According to Future Market Insights (FMI), the global syringes market is expected to surpass a valuation of US$ 49.2 Bn by the end of 2032. Availability of syringes in different capacities such as small volume syringe, medium volume syringe, and large volume syringe is propelling the demand in the market.

These syringes are used by various end users such as hospitals, research laboratories, drug manufacturing, and clinical research. It is the best suitable solution for injecting or withdrawing the fluid from the body. With growing demand for disposable syringes and reusable syringes, demand in the market is expected to propel.

Furthermore, disposable syringes are preferred by healthcare professional due to the increasing awareness about the diseases caused by the usage of the same or repeated syringe. Hence, the rising intake of disposable vaccines along with the development of new vaccines is driving the demand for syringes across the globe.

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Future Market Insights forecasts that there are various opportunities for syringe manufacturers due to the rise in usage of the syringe in the healthcare sector.

Key Takeaways

  • The plastic syringe segment is anticipated to expand at a CAGR of 10.1% during the forecast period due to the increasing use of disposable syringe.
  • By product type, the disposable syringe segment is anticipated to remain the leading segment, accounting for over 88% of the market share and creating an incremental opportunity of US$ ~25.3 Bn.
  • Based on end use, the hospital segment followed by the clinical research segment is projected to account for significant share.
  • Sales of syringes in hospitals and clinical research will surpass US$ 23.7 Bn during 2022-2032.
  • North America, Europe, and East Asia are showcasing highest demand for syringes. These segments are projected to hold approximately a 2/3rd of the market by the end of 2032.

“Need for disposable solutions in hospitals to withdraw and inject fluid or drug is propelling the demand for plastic disposable syringes. To capitalize on this, innovation in syringes is on card. This is expected to create opportunities for companies operating in the market,” says an FMI analyst.

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Expansion of Healthcare & Medical Sector to Generate High Demand for Syringes

The healthcare & medical sector across the globe is expanding due to the spread of various viruses & diseases. Besides this, the people are getting more health-conscious which is resulting in more usage of healthcare facilities and services.

The expansion of healthcare and medical sector is expected to propel the demand for syringes. Also, the small scale healthcare facilities are emerging to cater for the growing number of patients which is creating incremental growth opportunities for the syringe market.

Besides this, the government in several countries is also focusing on expanding the healthcare facilities to improve the treatment of patients, thereby, augmenting the sales of syringes. Additionally, development of new drugs across the globe will bolster the demand in the syringe market.

Rise in Blood Collection Center Creating Growth Opportunity for the Syringes Market

The blood collection centers use a syringe to withdraw blood samples from the patient’s body to examine the spread or impact of caused virus or disease. The spread of the COVID-19 virus resulted in high demand for a blood collection center to examine the spread of the virus on the lungs blood is been collected. This rise in the demand for blood collection centers creating growth opportunity for the syringe market.

The increase in blood collection centers is anticipated to create market growth opportunities for the syringe during the forecast period.

Impact of COVID-19 on Syringes Market

The global syringes market experienced a positive impact of COVID-19 due to the rise in production and consumption of vaccines to curb the spread of the virus which bolster the sales of the syringe across the globe. The COVID-19 vaccine getting compulsory for the population to supplement the sales of the syringe. Also, the massive vaccination drives push the demand for the syringe. The development of a new vaccine for the COVID-19 virus creates a growth opportunity for the syringes market.

Moreover, government decision of the first dose then the second dose, and the booster dose is fuelling the demand for the syringe. The key players operating in the syringe market are focusing on increasing their production capacity to meet the increasing demand for the syringe. The government also offered subsidies and support for the production of the syringe to avoid the shortage of the syringe. Thus, the COVID-19 bolster the sales of syringe across the globe.

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Syringes Market Landscape

Becton, Dickinson and Company, Gerresheimer AG, Braun Medical Inc., Schott AG, and DWK Life Sciences are the top players operating in the syringe market. Furthermore, Cardinal Health Inc., Hindustan Syringes & Medical Devices Ltd., and CHEMI S.P.A. are also noticeable players in the market. The Tier 1 players in the market hold 10-15% in the global syringe market.

Syringes Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global syringes market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the syringe based on the material (glass syringes and plastic syringes), product type (disposable syringes and reusable syringes), capacity (small volume syringes (1-10 ml), medium volume syringes (11-20 ml), and large volume syringes (Above 20 ml)), and end use (hospitals, research laboratories, drug manufacturing, and clinical research) across seven regions.

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

Paper Masking Tapes Market will Register 5.4% CAGR as Application Grows in Automotive and Building and Construction Industries

Paper masking tapes developed to sustain high temperatures over longer duration prove effective across high performance applications. This will remain a chief driver of the paper masking tapes market, enabling growth at 5.4% CAGR based on value between 2021 and 2031

Future Market Insights (FMI) has predicted the global market value to total US$ 3.2 Bn by the end of 2031. Increasing demand for high temperature resistance paper masking tapes from customers is encouraging manufacturers to design advanced masking tapes.

Surging adoption of advanced foam paper masking tapes in various industries is driving the global market. Paper masking tapes have the ability to withstand high temperature and are specially designed for application in the automotive industry.

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Paper masking tape manufacturers have been consistently innovating in terms of product development to solve industry specific issues related to high temperature applications such as bleed through due to low initial tack, ineffectiveness and inconvenience in painting contours and irregular surfaces. Their efforts are expected to bode well for the market.

Key Takeaways from Paper Masking Tapes

  • The crepe masking tape segment is estimated to represent a dominant market share. It is estimated to create an incremental opportunity of US$ 846.3 Mn during the forecast period.
  • Demand in automotive aftermarket is expected to accelerate with a CAGR of 6.1%.
  • Rubber-based adhesive segment is expected to account for more than 36% of sales in the market through the forecast period.
  • The South Asia paper masking tapes market is projected to register a CAGR of 7.6% during the forecast period.

“Adoption of sustainable and high tensile paper masking tapes that can withstand extreme temperatures and can provide barrier against moisture is expected to increase over the next decade,” said a lead FMI analyst.

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Automotive Sector is the Key Driver of Paper Masking Tapes Market

To meet the demand for customers for such a wide range of indoor painting jobs, and tape, manufacturers have developed a multifaceted assortment. The convenient use and affordable pricing of masking tapes with availability of single-sided and double-sided masking tapes is driving the market.

Leading automotive manufacturers and suppliers rely on various adhesive solutions for numerous applications. These include wire harnessing, surface protection, and attachment part mounting. This is creating a demand for masking tapes from the automobile industry.

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Paper Masking Tapes Market Landscape

3M Company, Shurtape Technologies LLC, Tesa SE, Saint-Gobain Tape Solutions Europe, Nitto Belgium NV, Advance Tapes International Ltd., PPM Industries S.p.A, Vibac Group S.p.a, Intertape Polymer Group Inc., Berry Global, Inc., Beorol d.o.o, Folsen Tapes, FABO s.p.a., Scapa Industrial, Cintas Adhesivas Ubis, S.A., MBK Tape Solutions, NADCO® Tapes & Labels, Inc., Pro Tapes & Specialties, Inc., Sicad Group and PPI Adhesive Products Limited.

Paper Masking Tapes Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for paper masking tapes market by tape type (crepe masking tapes, washi masking tapes, flatback paper masking tapes and kraft paper masking tapes), by distribution professional (aftermarket sales and diy distribution), by adhesive type (rubber-based adhesive, acrylic-based adhesives and hot melt adhesives), by application (painting, plating, abrasive blasting, high temperature application, thermal spraying and general use), by end use (automotive, building and construction, aerospace, general industries and others).

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

Bag Closure Clips Market to Expand 1.6X by 2029: Study by Future Market Insights

Future Market Insights predicts that the global bag closure clips market to expand at a robust CAGR of 5.6% over the forecast period of 2022-2029, reaching US$ 304.8 Mn by the end of the said period.

The global packaging market is defined by innovative products that make distributing, using, and disposing of consumer products easier and more convenient. Packaging, which is characterized by short runs and smaller lot goods, necessitates physically demanding work. Growth and multiplication of bakeries, from simple pastry bakeries to luxury bakeries, has resulted in significant increase in the use of bag closure clips.

Bag closure clips are packaging products for reclosing or sealing elastic bags that are made of less expensive components with basic, yet efficient designs. Bag closure clips are commonly used in the food industry to wrap products such as baked goods, sweets, powdered coffee and tea, and so on.

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The visibility of a product among a target client group determines its demand. Bag closure clips were formerly beyond the reach of retail customers, and were only used by organized retail. Evolution of e-Commerce platforms from buying points to shopping platforms is one underlying driver. Customers continue to experiment with new items, and, as a result, products such as bag closure clips have made their way into mainstream marketplaces. Bag closing clip companies are projected to benefit from the diverse range of products across end-use categories.

Key Takeaways from Market Study

  • Global bag closure clips market to reach US$ 304.8 Mn by 2029.
  • Simple bag closure clips projected to record healthy CAGR over forecast period.
  • Market in North America holds share of around 38.5%.
  • Market in Europe to account 18.9% share over forecast period of 2022- 2029.

“The perception of bag closure clips has shifted significantly as more people demand packaging that can be used for multiple purposes. Increasing use of easy-to-apply bag closure clips in food as well as non-food product applications is expected to create greater opportunities for market players over the coming years,” says an FMI analyst.

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Market Competition

Leading manufacturers of bag closure clips are proliferating through both, inorganic and organic strategies, including the development of manufacturing plants and introducing new products.

Invention of environmentally friendly bag closure clips will be essential for market vendors looking to lower their carbon footprint. This is projected to increase the use of plant-based biopolymers in the production of bag closure clips, which will make a significant difference global landfill trash disposal.

More Insights on Offer

The report by FMI on the bag closure clips market is segmented into three major sections – product type (simple clips and mechanical clips), end use (food industry and medical & other industries, and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate the lucrative opportunities in the market.

For more information, write to press@futuremarketinsights.com

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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