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Food ingredients are used in food manufacturing industry to get desired product quality. Multifunctional food ingredients is defined as, ingredients which are used to replace gums, gluten, fats and other expensive ingredients. These ingredients ensures food safety and enhances shelf life, increases product yield, maintains taste, texture and appearance. In meat and poultry industry, multifunctional ingredients are used to provide safety of production during storage, to increase firmness of products, and also provide optimum indicators of rheological and thermodynamic characteristics, it helps to achieve the improved consistence and moisture holding ability of finished goods.

Oat derived multifunctional ingredients are used in bakery products to extend shelf life as it hinders the moisture migration. It also helps to improves volume and yield, enhances texture and improves nutritional value of finished products. Multifunctional food ingredient are also derived from food grade yeast and it is used to improve the flavour of fat reduced salad dressings which are pourable and this addition reduces the acid bite of added vinegar. The addition yeast extract results in a smoother and balanced flavour. Addition of multifunctional ingredient does not increases viscosity.

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Multifunctional Food Ingredients Market: Segmentation

Multifunctional food ingredients are segmented on the basis of ingredient type, applications and region. On the basis of ingredient type, multifunctional food ingredients market is segmented as flavours and emulsions, yeast extracts, oat extracts, bulking agents, fibers, hydrocolloids, and others (dairy powders). Among these segments hydrocolloids is expected to grow during forecast period. Multifunctional fibers are made from fruits and vegetable peal and pulp are used to replace expensive ingredients such as eggs, oil and pectin. With increasing application of bulking agents, this segment is expected to show fastest growth in near future.

Multifunctional food ingredients market is segmented on the basis of application type, includes dairy product, bakery and confectionery products, meat and poultry, dessert and toppings, and processed food products. Among these segments meat and poultry represents the mature market and expected to be dominant during forecast period. Multifunctional food ingredients are used in confectionery products to increase flavor intensity and taste enhancement and it ensures product stability during shelf life. Multifunctional flaxseed ingredients are used as gum replacer in cereal products such as tortillas, gluten-free products, pizza crusts, sheeted dough, batters and breads.

Multifunctional Food Ingredients Market: Region-wise Outlook

Multifunctional food ingredients market is segmented on the basis of region includes North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa. North America and Europe are established markets for multifunctional food ingredients. With increasing demands for processed food and ready-to-eat products, multifunctional food ingredients market is expected to register healthy CAGR during forecast period.

Multifunctional Food Ingredients Market: Drivers

Consumers demand for clean label products and natural ingredients are major drivers for multifunctional food ingredient market. As companies are launching new ingredient blends with all natural ingredients which can be used to improve product quality without processing loss. In early 2015, Corbian launched new range of multifunctional food ingredients for meat and poultry products. Many companies are launching new products to fulfill the different gender specific requirements. For instance, in 2015 NutraGenesis LLC launched functional ingredient called Sensara which can be used in foods and beverages and it provides wellness benefits to nourish and protect a woman’s mind and body. Marine sources are used as a raw material for multifunctional food ingredients, algae is most commonly used because of its oil content, fiber content and the small particle size. Algal flour acts as multifunctional food ingredients and it can be used in bakery products such as breads, dough products, dressing, sauces and nutritional beverages.

Multifunctional Food Ingredients Market: Key Players

The key international players operating in multifunctional food ingredients market includes AlgaVia, Arla Foods Ingredients, Ashland Inc., Butter Buds Inc., E & R Food Ingredients B.V., Florida Food, Inc., Fiberstar, Inc., Z Trim Holdings, Inc., NutraGenesis LLC., Glanbia Nutritionals, Solazyme and many others.

The report covers exhaustive analysis on:

• Multifunctional Food Ingredients Market Segments
• Multifunctional Food Ingredients Market Dynamics
• Historical Actual Market Size, 2013 – 2014
• Multifunctional Food Ingredients Market Size & Forecast 2015 to 2025
• Multifunctional Food Ingredients Market Supply & Demand Value Chain
• Multifunctional Food Ingredients Market Current Trends/Issues/Challenges
• Multifunctional Food Ingredients Players Competition & Companies involved
• Multifunctional Food Ingredients Market Technology
• Multifunctional Food Ingredients Market Value Chain
• Multifunctional Food Ingredients Market Drivers and Restraints

Regional analysis for Multifunctional Food Ingredients Market includes

• North America
  • US & Canada
• Latin America
  • Brazil, Argentina & Others
• Western Europe
  • EU5
  • Nordics
  • Benelux
• Eastern Europe
• Asia Pacific
  • Australia and New Zealand (ANZ)
  • Greater China
  • India
  • ASEAN
  • Rest of Asia Pacific
• Japan
• Middle East and Africa
  • GCC Countries
  • Other Middle East
  • North Africa
  • South Africa
  • Other Africa

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

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Report Highlights:

• A detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size regarding volume and value
• Recent industry trends and developments for yorker spouts market
• Competitive landscape for yorker spouts market
• Strategies for 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

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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Future Market Insights
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Newly released data by Future Market Insights (FMI) projects the global cosmetic tube market size to top US$ 2.4 Bn in 2021. Increasing demand for sustainable packaging solutions in the cosmetic industry is expected to augment growth of the market, pushing sales at 4.6% CAGR through 2031.

Shifting consumer preference for small and miniature-sized cosmetic tubes is anticipated to boost sales of 50-100ml cosmetic tubes over the assessment period. Consumers are getting inclined towards using small-size products for cost-effectiveness, easy accessibility, and portability. Cosmetic tubes are lightweight and easy to handle. This is expected to continue boosting demand for cosmetic tubes through 2031.

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Besides this, rising concerns regarding sustainability and recyclability of consumer goods packaging are compelling manufacturers to launch sustainable cosmetic tubes. Leading cosmetic tube players are investing in research and development to improve material usability to achieve sustainability goals, which in turn is fostering growth of the cosmetic tubes market.

Increasing sales of cosmetic, personal care products, and skincare products are expected to have a direct effect on demand for cosmetic tubes. The rising popularity of social media and the introduction of new beauty and skincare trends are boosting sales of cosmetics and beauty products, which in turn is driving sales of cosmetic tubes.

“Growing adoption of decorative cosmetic tube printing for an aesthetic appeal is expected to foster growth of the market. In addition to this, increasing sales of cosmetics, skincare, and makeup products through online channels such as Sephora, Ulta Beauty, and others will continue bolstering sales of cosmetic tubes over the forecast period,” says an FMI analyst. 

Key Takeaways:

• In terms of material type, demand for plastic cosmetic tubes is expected to continue gaining traction through 2031, due to advanced protection of cosmetics from external factors.
• Based on capacity, the 50-100ml segment is anticipated to expand at a steady pace, owing to cost-effectiveness and easy storage.
• Applications of cosmetic tubes in skincare products will remain high through 2031.
• The U.S. will continue exhibiting high demand for cosmetic tubes, with the North America cosmetic tubes market expected to grow at a 3.9% CAGR.
• Germany will emerge as an attractive cosmetic tube market due to the presence of popular beauty brands. The Europe cosmetic tubes market is projected to expand at a 3.4% CAGR.
• China is expected to lead the East Asia cosmetic tubes market, accounting for a dominant share in 2031.
• Japan and South Korea are projected to account for 15% and 8% of the East Asia cosmetic tubes market share respectively.

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Competitive Landscape

Albéa Beauty Holdings S.A, Essel Propack Ltd, CCL Industries Inc., Montebello Packaging Inc., Linhardt GmbH & Co KG, Berry Global Group, Inc., Huhtamaki Oyj, Tubopress Italia Spa, Hoffmann Neopac Ag, and Intrapac International Corporation are some leading players operating in the global cosmetic tubes market.

Top 5 players comprising Albéa Beauty Holdings S.A, Essel Propack Limited, CCL Industries Inc., Montebello Packaging, and Berry Global Group, Inc. are expected to account for 10-15% of the total cosmetic tubes market share in 2021.

Leading players operating in the cosmetic tubes market are investing in research and development to develop new formats of cosmetic tubes made from innovative materials. Apart from this, players are investing in mergers, acquisitions, and collaborations to expand strengthen their global presence in the market. For instance:

• In October 2020, Hoffman Neopac launched a new polyethylene (PE) based cosmetic tube with high-density polyethylene (HDPE) flip-top caps. These tubes are fully recyclable and feature body, shoulder, and caps that are made of a single material family.

More Insights into the Cosmetic Tubes Market Report

In its latest report, FMI offers an unbiased analysis of the global cosmetic tubes 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 cosmetic tubes market potential, its growth, and scope, the market is segmented on the basis of capacity type (below 50 ml, 50-100 ml, 100 ml- 150 ml, 150 ml- 200 ml, 200 ml), material type (plastic, aluminum and laminated) and application (skincare, haircare, makeup and others (nail care & hygiene products) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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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

Aerosol packaging has emerged as a preferred rigid packaging format that finds daily use among consumers. The rising demand from industries such as personal care & cosmetics, food & beverages, pharmaceuticals, and others will continue driving the aerosol packaging market. According to Future Market Insights (FMI), the aerosol packaging market will surpass US$ 6.72 Bn by 2021.

Aerosol packaging consists of various features which increase their attractiveness. They are light in weight, cost-effective, temperature resistant, and offer extended product life. Aerosol packaging is available in different materials such as aluminum, tin-plated steel, plastic, and glass.

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Over the past few years, aerosol packaging is gaining popularity due to the rising use of personal care & cosmetic products. Also, with the rising concern about cleanliness is driving the sales of homecare sprays, which is ultimately bolstering the growth of aerosol packaging market.

Future Market Insights forecasts that there are ample opportunities for the manufacturer of aerosol packaging in the coming future due to the rise in usage of aerosol packaging in various sectors. The growth of aerosol packaging seems lucrative across various regions.

The expansion of personal care & cosmetics industry will remain chief growth driver in most regions. FMI has forecast over 40% of aerosol packaging to be sold in the sector in 2021.

Key Takeaways from Aerosol Packaging Market

• Driven by increasing application in personal and home care industries, aerosol packaging market will expand at 4.8% CAGR between 2021 and 2031
• High spending power will support growth in the U.S., enabling it to spearhead North America, as it continues to account for over 80% sales through 2031
• The U.K. will emerge as a highly lucrative pocket for sales within Europe, exhibiting 2.9% y-o-y growth in 2021 after a period of suppressed sales in 2020
• Germany and France will remain other attractive markets for aerosol packaging in Europe
• Expansion of personal care and beauty industry will stoke sales in Japan and South Korea

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“Manufacturers have been focusing on customizing designs to cater to dynamic consumer requirements. There also is immense focus on make their products more recyclable to offer greater sustainability” says FMI analyst.

Rise in Demand for Aerosol Packaging in Homecare Sector

Aerosol packaging for homecare sector includes sprays used for cleaning, fragrance sprays, and others. The rising concern for health has resulted in the increasing use of various products to keep the home and workplace clean. These homecare sprays are made up of aluminium, tin-plated steel, or plastic material along with different cap types attached to them.

Moreover, these sprays are easy to use and they help cleaning the surface without worrying about the product temperature or life. Aerosol packaging used for homecare products are cost effective and easy to handle, store, and transport. On the back of these factors, the market for aerosol packaging is estimated to expand during the forecasted period.

Who is Winning?

Ball Corporation, Crown Holdings, Inc., and Berry Global, Inc. are the top players operating in the aerosol packaging market. Furthermore, Silgan Holdings Inc., CCL Industries Inc., Aptar Group Inc., are some of the key players in the aerosol packaging market. The Tier 3 players in the market hold 60-65% in the global aerosol packaging market. In conclusion, key players contribute almost 35-40% of the global market.

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Aerosol Packaging Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global aerosol packaging market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the aerosol packaging market on the basis of product type (cans, bottles & cylinders, and jars), material (aluminum, tin plated steel, plastic, and glass), cap type (actuators, trigger sprayer, fine mist sprayer, and other dispensing caps) and end-use (personal care & cosmetics, food & beverages, homecare, and other industries) across seven regions.

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.

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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.

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.

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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 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

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

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

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

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

Key Takeaways from Report 

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

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

Sustainability Holds Immense Potential

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

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

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

Masking Tapes Market Key Segment

By Backing Material Type

• Foam
• Glass Fiber
• Foil
  • Aluminium Foil
  • Lead Foil

• Paper
  • Crepe Paper
  • Washi Paper
  • kraft Paper
  • Flatback Paper
• Plastic
  • Polymide(PI)
  • PVC/Vinyl
  • Polyethylene Terephthalate/Polyster
  • Fluropolymer

By Product Type

• Single Sided
• Double Sided

By Adhesive Type

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

By Application Type

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

By End-use

• Automotive
• Building & Construction

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Who is winning?

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

For instance:

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

Valuable Insights into Masking Tapes Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global masking tapes market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the masking tapes market based on backing material type (foam, glass foil, paper, plastic), product type (single sided and double sides), end-use industry (automotive, building and construction, aerospace, general industries, and others),

adhesive type (silicone based adhesive, acrylic based adhesive, rubber based adhesive), and application (painting, planting, abrasive blasting, high temperature application, thermal spraying, and general use) across seven regions (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and the Middle East and Africa.

About us :

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.

Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact :

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

 

Demand for industrial packaging in the Middle East and Africa is likely to remain robust owing to the improving situation of international trade. In addition, global trade of industrial products has grown three-fold over the past decade. Bio-chemical products and food-grade ingredients are amongst few of the most traded items around the world.

In the MENA region, the focus has recently shifted towards non-oil based industrial activities as the long-term dependency on crude oil business is gradually abating. Moreover, it is important to develop new business verticals in order to stay unaffected from the ongoing dwindles in the region’s oil and gas industry.

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As compared to other regions, non-oil goods and services have a significantly low contribution to the economy of the MENA region. Yet exports, especially non-oil exports are expected to be crucial in the further development of the robust and all-inclusive growth model to secure the future of the region.

End-use industry such as electronics, automotive, plastics & rubber, and agriculture in MENA are expected to witness a healthy growth over the medium term. This, in turn, is expected to support the growth of industrial packaging market in the region.

Future Market Insights (FMI) in its latest report reveals that the industrial packaging market in the MENA region stood at US$ 3,372.5 Mn in 2016 and is estimated to reach a valuation of US$ 5,053.0 Mn by 2024-end. Revenue from the sale of industrial packaging products in the region is expected to increase at a CAGR of 5.2% during the forecast period (2016–2024).

GCC and North Africa are identified as the key markets that account for more than 60% of MENA’s industrial packaging market. Further, the market in GCC is projected to expand at a relatively higher CAGR over the forecast period and present lucrative opportunities for industrial packaging product manufacturers in the region.

Plastic Remains the Top Material for Manufacturing Industrial Packaging Products

In 2016, plastic based industrial packaging products accounted for more than 50% of the revenue share of the market in the region. Plastic packaging is used across several industrial verticals owing to its durability and cost efficiency. However, demand for paper & paperboard-based packaging material is expected to gain a healthy traction over the forecast period.

Based on product type, intermediate bulk containers (IBCs) packaging accounted for more than 30% revenue share of the market in 2016. IBCs are reusable industrial containers classified in 2 types: Flexible IBCs & Rigid IBCs. IBCs are commonly used for the transportation and storage of liquid and granulated substances such as food ingredients, chemicals, solvents, and pharmaceuticals.

By end-use, nearly US$ 1104.9 Mn worth of industrial packaging is expected to be consumed by the chemicals & pharmaceuticals sector over the forecast period. In addition, chemicals and pharmaceuticals sector is the most significant end-user for industrial packaging in the MENA region.

MENA Industrial Packaging Market By Category

By Product:

• Plastic Pallets
• Drums
• IBCs (Totes)
• Sacks
• Pails
• Crates
• Tubes
• Bulk Boxes
• Other

By Material:

• Metal Industrial Packaging
• Plastic Industrial Packaging
• Paper & Paperboard Industrial Packaging
• Fiber & Wood Industrial Packaging

By Packaging:

• Rigid Industrial Packaging
• Flexible Industrial Packaging

By End-Use Industry:

• Agriculture
• Automotive
• Building & Construction

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Vendor Insights

Industrial packaging solution manufacturers are actively focusing on further enhancing their product offerings. Many of the companies are changing their raw materials in accordance with the shift of customers towards convenience packaging. International Paper, Time Technoplast Ltd., Mauser Group B.V, Grief, Inc., Balmer Lawrie & Co. Ltd., Clouds Drums LLC., and Gulf Plastic Industries Company are amongst some of the leading companies operating in MENA’s industrial packaging market.

About us :

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.

Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

 

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

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

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

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

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

Key Takeaways from Packer Bottle Market

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

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

Packer Bottle Market by Category

Material

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

Capacity

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

Application

• Tablet & Capsules
• Powder & Granules
• Liquid

End Use

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

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

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

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

Who is Winning?

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

 

About us :

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.

Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

 

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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The global gummed tapes market is estimated to expand at 6.2% CAGR between 2021 and 2031, find Future Market Insights (FMI). These tapes are most preferred for sealing heavy equipment, furniture, and other bulky items to reduce the risk of damage during the transportation of the products.

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

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

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

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Key Takeaways:

By backing material, the fibre reinforced tape is expected to hold around 90% of the market by 2031.

Brown gummed tapes segment is forecast to hold maximum share in the global market registering 6% CAGR during the assessment period.

In terms of adhesives, the starch adhesives is projected to expand by 2x over the next decade.

Based on application, the splicing segment is poised to expand at a CAGR of 7.5% by 2031, registering year-on-year growth by 8% during 2025-2027.

By end use, shipping & logistics, food & beverages segment and electrical & electronics segment are anticipated to, collectively, hold around 40% of the market share.

North America, Europe, and East Asia are projected to hold approximately 65% of the market share by the end of 2031.

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

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

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

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

Sustainability Concerns To Encourage Gummed Taped Demand

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

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

Competitive Landscape

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

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Gummed Tapes Market by Category

By Backing Material:

• Paper Gummed Tapes
• Fiber Reinforced Gummed Tapes

By Product Type:

• White Gummed Tapes
• Brown Gummed Tapes

By Adhesive Type:

• Starch Adhesives
• Other Adhesives

By Application:

• Box & Carton Sealing
• Splicing
• Others

By End Use:

• Shipping & Logistics
• Building & Construction
• Food & Beverages
• Electrical & Electronics
• Automotive
• Healthcare & Hygiene
• Metalworking
• Oil & Gas
• General Industries
• Consumer Goods

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

Gummed Tapes Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for gummed tapes, analysing historical demand from 2014-2020 and forecast statistics for 2021-2031. The study reveals market growth projections on the gummed tapes based on backing material (paper gummed tape and fiber reinforced tape), product type (white gummed tape and brown gummed tape), adhesive type (starch adhesive and others), application (box & carton sealing, splicing, and others), end user (shipping & logistics, building & construction, food & beverages, electrical & electronics, automotive, healthcare & hygiene, metalworking, oil & gas, general industries, and consumer goods) across seven regions.

About Future Market Insights (FMI)

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

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Demand for industrial packaging in the Middle East and Africa is likely to remain robust owing to the improving situation of international trade. In addition, global trade of industrial products has grown three-fold over the past decade. Bio-chemical products and food-grade ingredients are amongst few of the most traded items around the world.

In the MENA region, the focus has recently shifted towards non-oil based industrial activities as the long-term dependency on crude oil business is gradually abating. Moreover, it is important to develop new business verticals in order to stay unaffected from the ongoing dwindles in the region’s oil and gas industry.

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As compared to other regions, non-oil goods and services have a significantly low contribution to the economy of the MENA region. Yet exports, especially non-oil exports are expected to be crucial in the further development of the robust and all-inclusive growth model to secure the future of the region.

End-use industry such as electronics, automotive, plastics & rubber, and agriculture in MENA are expected to witness a healthy growth over the medium term. This, in turn, is expected to support the growth of industrial packaging market in the region.

Future Market Insights (FMI) in its latest report reveals that the industrial packaging market in the MENA region stood at US$ 3,372.5 Mn in 2016 and is estimated to reach a valuation of US$ 5,053.0 Mn by 2024-end. Revenue from the sale of industrial packaging products in the region is expected to increase at a CAGR of 5.2% during the forecast period (2016–2024).

GCC and North Africa are identified as the key markets that account for more than 60% of MENA’s industrial packaging market. Further, the market in GCC is projected to expand at a relatively higher CAGR over the forecast period and present lucrative opportunities for industrial packaging product manufacturers in the region.

Plastic Remains the Top Material for Manufacturing Industrial Packaging Products

In 2016, plastic based industrial packaging products accounted for more than 50% of the revenue share of the market in the region. Plastic packaging is used across several industrial verticals owing to its durability and cost efficiency. However, demand for paper & paperboard-based packaging material is expected to gain a healthy traction over the forecast period.

Based on product type, intermediate bulk containers (IBCs) packaging accounted for more than 30% revenue share of the market in 2016. IBCs are reusable industrial containers classified in 2 types: Flexible IBCs & Rigid IBCs. IBCs are commonly used for the transportation and storage of liquid and granulated substances such as food ingredients, chemicals, solvents, and pharmaceuticals.

By end-use, nearly US$ 1104.9 Mn worth of industrial packaging is expected to be consumed by the chemicals & pharmaceuticals sector over the forecast period. In addition, chemicals and pharmaceuticals sector is the most significant end-user for industrial packaging in the MENA region.

MENA Industrial Packaging Market By Category

By Product:

• Plastic Pallets
• Drums
• IBCs (Totes)
• Sacks
• Pails
• Crates
• Tubes
• Bulk Boxes
• Other

By Material:

• Metal Industrial Packaging
• Plastic Industrial Packaging
• Paper & Paperboard Industrial Packaging
• Fiber & Wood Industrial Packaging

By Packaging:

• Rigid Industrial Packaging
• Flexible Industrial Packaging

By End-Use Industry:

• Agriculture
• Automotive
• Building & Construction

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Vendor Insights

Industrial packaging solution manufacturers are actively focusing on further enhancing their product offerings. Many of the companies are changing their raw materials in accordance with the shift of customers towards convenience packaging. International Paper, Time Technoplast Ltd., Mauser Group B.V, Grief, Inc., Balmer Lawrie & Co. Ltd., Clouds Drums LLC., and Gulf Plastic Industries Company are amongst some of the leading companies operating in MENA’s industrial packaging market.

About us :

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.

Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

 

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

Food hydrocolloids are food additives used in food processing to improve its quality and enhance shelf life. Hydrocolloids are composed of finely divided particles dispersed in water; hydrocolloids are colloidal in nature. They exist in two forms (as sols/gels), but depending on the quantity of water in which the particles are dispersed, they appear in one form. Increasing application in a variety of end-user sectors is a driving force fueling the industry’s growth globally.

Hydrocolloids are used in the food and beverage industry owing to their capability to modify the rheology of the system in which they are added. Also, food hydrocolloids serve as ingredients in the food and beverage industry. Some of its uses include emulsifying agents, thickening agents, gelling agents, and many others. Apart from the food and beverage industry, they find applications in the cosmetics and pharmaceutical industries.

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Food hydrocolloids can be obtained from plants, animals, and microbial. They can also be synthesized via a chemical reaction. Hence, food hydrocolloids have both natural and artificial sources. The global food hydrocolloids market is slated to register a consistent growth during the forecast period.

Food Hydrocolloids Market Driven by Consumers’ Growing Demand for Healthy Food Products

Increasing demand for healthy food products has been the main factor driving the food and beverage industry, and the food hydrocolloids market a subdivision of the industry isn’t an exception as consumers are spending on quality food products beneficial to health. As the demand for healthy food products increases, the food hydrocolloid market will continue to thrive in the global market. Food hydrocolloids market will continue to rise during the forecast period and beyond.

Furthermore, the burgeon in the consumption of convenience food is an essential demand driver affecting the market positively. With the rise in convenience food, the food hydrocolloids market will remain in steady growth over the forecast period.

Rising Disposable Income

The food hydrocolloid market is slated to rise over the forecast period due to the rise in the disposable income of consumers. Developing nations, especially those located in the Asia Pacific region with the emerging economy, are increasing the per capita income of individuals, and this will, in turn, fuel the growth of the industry.

In addition to this, the growing population size within the region is a boost for the market as demand for healthy food products is rising, the industry is anticipated to record significant growth during the forecast period.

Food Hydrocolloid Market: Region-wise Analysis

North America is the largest market for food hydrocolloid market and is slated to remain in dominance over the foreseeable period. The region is projected to expand to a CAGR of about 4% by 2025. North America will gain significantly vis-a-vis revenue before the end of 2025 if it continues at this pace. Europe is the second largest market for food hydrocolloid market.

The Asia Pacific is the fastest-growing market for the food hydrocolloids market owing to the rise in population of working-class individuals who are always in need of ready-to-eat meals. Besides, the change in consumers’ lifestyles in the region has raised the demand for functional ingredients used in food processing. And this will, in turn, drive the food hydrocolloids market forward.

Food Hydrocolloids Market: Competitive Landscape

• De Pont De Nemours & Company
• Cargill Incorporated
• Darling Ingredients
• Kerry Group plc
• CP Kelco
• Fuerst Day Lawson
• Ingredion Incorporated
• Ashland Inc.
• Koninklijke DSM N.V.
• Rico Carrageenan
• Archer Daniels Midland Company
• Hispanagar, S.A
• CEAMSA
• FMC Corporation
• Lubrizol Corporation
• Jungbunzlauer
• B&V SRL, Tate
• Lyle PLC
• Fiberstar, Inc.

Region-wise Analysis

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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Report Highlights

The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.

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 an 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.

Global Food Hydrocolloids Market Segment Analysis

The global food hydrocolloids market can be segmented on the following basis:

By Type

• Gelatin
• Carrageenan
• Xanthan Gum
• Alginates
• Agar
• Pectin
• Gum Arabic
• Locust Bean Gum
• Other

By Application

• Bakery and Confectionery
• Meat and Poultry Products
• Beverages
• Dairy Products
• Sauces and Dressing
• Others

By Source

• Plant
• Animal
• Microbial
• Seaweed
• Synthetic

By Function

• Thickener
• Stabilizer
• Coating Material
• Fat Replacer
• Gelling Agent

About FMI:

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

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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Website: https://www.futuremarketinsights.com