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“Vinyl electrical tapes are preferred by end user in construction field for marking, identification of electrical phases, piping, leads and safety areas. Vinyl electrical tapes are generally used in low voltage applications for primary insulation and complex wrapping.”

 

Vinyl Electrical Tapes Market Overview

Vinyl Electrical Tapes Market: Overview

Vinyl electrical tapes are preferred by end user in construction field for marking, identification of electrical phases, piping, leads and safety areas. Vinyl electrical tapes are generally used in low voltage applications for primary insulation and complex wrapping. Most preferable thickness used for bundling and harnessing cables is 7 mil and above of vinyl electrical tapes in the United States.

It is also noticed that PVC- backed vinyl electrical tapes are used to replace and reinforce cable jackets in low, medium and high voltages, this is the key reason behind preferring PVC over other materials. Many manufacturers who are engaged in the manufacturing of vinyl electrical tapes produce premium tapes on demand, although it requires high grade of raw material. However, high raw material cost can easily be neglected over several advantages offered by premium tape, one of which is high performance delivered by these tapes. Stronger the adhesives more is the flexibility and better stretch and seal features.

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Vinyl Electrical Tapes Market: Dynamics

Emerging economies are expected to be the most lucrative markets for vinyl electrical tapes due to the high economic growth rate. With the rise in per capita income in the emerging economies the demand for merchandise has increased by more than 1.5x in the last few years. The increase in consumption of goods has expanded the electrical and electronic industry while creating significant opportunity for electrical tapes industry.

With the shift of manufacturing bases from developed countries to developing countries the volume of electrical and construction goods is expected to increase in the emerging regions hence creating the demand for vinyl electrical tapes during the forecast period.

Vinyl Electrical Tapes Market: Regional Outlook

Geographically vinyl electrical tapes can be segmented as North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa. Vinyl electrical tapes market is gaining traction in Asia Pacific region. Asia Pacific is expected to account for more than 30% value share of global total market. Tapes market is growing faster than its economy influenced by the rapid growth of the e-retail sector in the region.

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Other than e-retail growth factors such as government policies in favor of manufacturing industry, availability of raw material and labor at low cost are motivating vinyl electrical tapes manufacturers to set up and expand their manufacturing facilities in Asia Pacific region especially in China and India. Moreover, increasing number of skyscrapers in the United Arab Emirates and in many other GCC countries is anticipated to create good opportunities in the vinyl electrical tapes market.

Vinyl Electrical Tapes Market: Key Players

Some of the key players in the vinyl electrical tapes market are mentioned below:

• 3M Company
• Can-Do National Tape
• Parafix Tapes & Conversions Ltd.
• HellermannTyton
• Electro Tape Specialties, Inc.
• Bron Tapes, Inc.

Vinyl Electrical Tapes Market: Key Developments

Inorganic expansion at global level allows players to strengthen their market footprint along with strong customer base. Regional players are following the path of organic expansion by increasing manufacturing capabilities. Through mergers and acquisitions, key players have increased their market share, thus increase new entry-level barriers in the market. Some of the key developments in vinyl electrical tapes market are as follows:

• In 2018, 3M invested US$ 1.8 billion in its research and development to improve its product offerings. The company has 8,300 researchers and research centers in 36 countries across the world.
• In 2017, Parafix Tapes & Conversions Ltd. expanded its manufacturing facility and upgraded its prototyping equipment.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Historical Actual Market Size, 2014 – 2018
• Market Size & Forecast 2019 to 2029
• Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Market Drivers and Restraints

Regional analysis includes

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Vinyl Electrical Tapes Market: Segmentation

On the basis of material, global vinyl electrical tapes market can be segmented as follows:

• Plastic
  • Polyvinyl Chloride
  • Polyethylene
  • Polypropylene
  • Others
• Rubber

On the basis of thickness, global vinyl electrical tapes market can be segmented as follows:

• Below 5 mil.
• 5-7 mil.
• 7-10 mil
• Above 10 mil.

On the basis of application, global vinyl electrical tapes market can be segmented as follows:

• Building & Construction
• Electrical & Electronics
• Others

Vinyl Electrical Tapes Market: Report Highlights

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

Aerosol Dispensing System Market Overview

Aerosol Dispensing System Market: Overview

Over the years, packaging has emerged as an integral part of the modern world due to the growing consumer interest in easy-to-use and convenient products against the backdrop of a fast-paced lifestyle. The increasing use of home and personal care products has made great strides in the last few years due to different consumption patterns.

Aerosol dispensing systems are one such effective packaging solution. Aerosol dispensers are usually devices designed to dispense liquefied or compressed gas propellants.

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This dispenser usually has a container that holds disperse pressure substances such as drugs, paints, pesticides, and hairsprays. When the dispenser valve is released, the propellant pushes the pressurized substance into the atomizer, releasing a fine spray from the dispenser.

Aerosol Dispensing Systems Market: Drivers and Constraints

One of the key factors adding to the development of the aerosol dispensing system market is the growth of modern retail formats. The increasing trend of convenient distribution of propellants has led retail FMCG companies to manufacture technologically advanced aerosol dispensers around the world. In addition, the increase in disposable income among working class people is another important reason for the growth of the aerosol dispensing system market.

In addition, increasing aerosol use as a result of fast-paced lifestyles will drive the growth of the aerosol dispensing system market and manufacturers will choose technological developments to gain greater market share in aerosol dispensing. The system market, which may be a prominent aspect for encouraging.

Another factor added to the increasing demand for aerosol dispensing systems is their ease of recycling. In addition, the growing shift to automated aerosol dispensers is seen as the dominant trend among aerosol dispensing system manufacturers. However, strict government regulations on the use of plastics are expected to impede growth in the aerosol dispensing system market.

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Also, the negative environmental impact associated with the use of plastic aerosol containers can hinder the growing aerosol dispensing system market. Other restraints, such as the high price of actuators for dispensing systems, are also hindering the growth of the aerosol dispensing system market.

The growing shift to automated aerosol dispensers is seen as the dominant trend among aerosol dispensing system manufacturers. However, strict government regulations on the use of plastics are expected to impede growth in the aerosol dispensing system market. Also, the negative environmental impact associated with the use of plastic aerosol containers can hinder the growing aerosol dispensing system market.

Other restraints, such as the high price of actuators for dispensing systems, are also hindering the growth of the aerosol dispensing system market. The growing shift to automated aerosol dispensers is seen as the dominant trend among aerosol dispensing system manufacturers. However, strict government regulations on the use of plastics are expected to impede growth in the aerosol dispensing system market. Also, the negative environmental impact associated with the use of plastic aerosol containers can hinder the growing aerosol dispensing system market.

Other restraints, such as the high price of actuators for dispensing systems, are also hindering the growth of the aerosol dispensing system market. The negative environmental impact associated with the use of plastic aerosol containers can hinder the growing aerosol dispensing system market.

Other restraints, such as the high price of actuators for dispensing systems, are also hindering the growth of the aerosol dispensing system market. The negative environmental impact associated with the use of plastic aerosol containers can hinder the growing aerosol dispensing system market. Other restraints, such as the high price of actuators for dispensing systems, are also hindering the growth of the aerosol dispensing system market.

Aerosol Dispensing Systems Market: Regional Overview

Geographically, the global Aerosol Dispensing Systems market is divided into seven regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (APEJ) excluding Japan, Japan, the Middle East and Africa (MEA). ..

Demand for aerosol dispensers is directly linked to the growth of the aerosol market around the world. Significant economic growth is expected over the next decade, depending on developing countries such as China and India. Growing demand for aerosol products as the population grows is expected to drive the overall growth of the aerosol dispensing system market in the Asia Pacific region. .. Therefore, the Asia Pacific region has the potential to dominate the global aerosol dispensing system market.

In contrast, the North American and European regions are relatively mature markets in terms of technological advances in dispensing systems and may show steady growth during the forecast period. However, due to the increasing trend towards aerosol use in the Middle East and Africa as well as Latin America.

Overall, with the growing number of aerosol applications, the global aerosol dispensing system market is expected to grow at a healthy CAGR over the forecast period.

Aerosol Dispensing System Market: Key Player

Coveris Holdings SA and Rubbermaid Commercial Products LLC are among the leading companies currently active in the aerosol dispensing system market worldwide. , Big D Industries, Inc., Nilodor, Inc., Aspire Industries and more.

Regional analysis includes:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

This report summarizes direct information, qualitative and quantitative assessments by industry analysts, and input from industry experts and industry participants throughout the value chain. The report provides a detailed analysis of parent market trends, macroeconomic indicators, and controlling factors, as well as market attractiveness by segment. The report also maps the qualitative impact of various market factors on market segments and regions.

Aerosol Dispensing Systems Market: Segmentation

Based on the type of dispenser, the global aerosol dispensing system market is divided as follows:

• Manual dispenser
• Automatic dispenser

Based on the type of material, the global aerosol dispensing system market is divided as follows:

• Plastic dispenser
• Glass dispenser
• Metal dispenser
• others

Based on the application, the global aerosol dispensing system market is divided as follows:

• Personal care
• Medicine
• home
• paint
• Food & Beverage
• Automotive and industry
• others

MET-PET carton: overview 

To prevent contamination of various products, leading manufacturers in the packaging industry are focusing on leveraging advanced technology solutions. Manufacturers focus on applying a metal coating to PET cartons to protect them from harmful substances in their containers and prevent product fraud. In addition to features such as heat resistance, durability and UV resistance, demand for MET-PET cartons is expected to continue to be concentrated in the healthcare, food and beverage, pharmaceutical and other industries. Many manufacturers prefer the MET-PET carton because it is easy to handle, safe to dispose of, and recyclable.

MET-PET Carton: Dynamics

The global packaging industry has undergone rapid changes over the past few years due to changing consumer tastes. One of the key challenges of a new product is that it stands out among other products. MET-PET film gives the package a luxurious look and greatly helps to enhance the consumer appeal of the package. The low price, durability and protective packaging capabilities of these cartons are expected to drive the growth of the global METPET carton market during the forecast period. Some industries prefer MET-PET cartons because of this property. In addition, the moisture-resistant features of the MET PET carton have significantly boosted demand between manufacturers and consumers, making it possible to maintain the quality of a variety of products.

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High quality lamination to MET-PET cartons is another important trend in the market these days. Attractive finishes help influence consumer taste. Demand for MET PET cartons is expected to remain high in the beverage industry as it helps extend shelf life.

Demand in the MET PET carton market is expected to remain high at APEJ. The region is expected to occupy half of the global market in terms of value. APEJ expects demand to increase significantly in countries such as China and India due to the expansion of the healthcare, food and beverage industries. The regions of North America and Western Europe are expected to record the second highest growth in terms of value and demand. The MET-PET carton market in the Middle East and Africa is expected to grow slightly over the projected years.

Global MET-PET Carton Market: Key Player

• Amcor Limited
• Silgan Holdings Co., Ltd.
• Gerresheimer AG
• PET Power Holding BV
• Tetra Laval
• Plastipak
• CKS Packaging, Inc.
• Alpha group
• Himalayan Group
• ExoPackaging
• Grainer Packaging GmbH

The report has been edited using secondary research, research, focus groups, paid interviews with industry analysts, and validated information from many sources. The report provides a detailed analysis of key market players, current market analysis, parent market trends and future trends. The report is a qualitative analysis of the MET-PET carton market and provides information on the overall market value of the MET-PET carton.

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Highlights of the MET-PET Carton Report:

• Overview of the MET-PET carton market
• Market dynamics
• Detailed analysis of each segment
• Current and projected market size (2018-2028)
• Competition between vendors
• Current and future outlook for the MET-PET carton market

The research report presents a comprehensive assessment of the market and includes thoughtful insights, facts, historical data, and statistically supported, industry-validated market data. It also includes predictions using the appropriate set of assumptions and methodologies. Research reports provide analysis and information tailored to market segments such as region, application, and industry.

The report covers exhaust analysis for:

• Market division
• Market dynamics
• Market size
• Supply and demand
• Current trends / problems / issues
• Companies involved in competition
• technology
• Value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia, New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

This report summarizes direct information, qualitative and quantitative assessments by industry analysts, and input from industry experts and industry participants throughout the value chain. The report provides a detailed analysis of parent market trends, macroeconomic indicators, and controlling factors, as well as market attractiveness by segment. The report also maps the qualitative impact of various market factors on market segments and regions.

MET-PET carton: segmentation

Globally, MET-PET cartons are segmented as follows –

Based on that material, the MET-PET carton market is divided as follows-

• Aluminum foil
• Pets

Based on that application, the global MET-PET carton market is divided as follows-

• Food and drink
• milk
• Yogurt
• Cereal pack
• others
• Health care
• Pharmaceuticals
• Personal care & cosmetics
• others

Based on that finish, the MET-PET carton is segmented as follows –

• plane
• printing

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

Mesh bags made from cotton and other fabrics are considered sustainable as compared to the plastic ones as they can be reused. These bags allow consumers to fill particular quantities of vegetables and fruits, post which the bags are sealed with the price tags. Grocery stores offer various sizes of mesh bags, the larger ones being able to accommodate up to a large watermelon.

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FMI deploys digital intelligence solutions to offer compelling insights to report buyers that help them in overcoming market challenges, especially at the time of a crisis. Our dedicated team of professionals performs an extensive survey for gathering accurate information associated with the market.

Global Mesh Bags Market: Key Manufacturers

Volm Companies

Meshpack

Min Shen Enterprise Co. Ltd.

Agribag Inc.

Cady Bag Company

Krishna Polynet

SG Global Packaging

Fischer Bag Company

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

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COVID-19 Impact Analysis on Mesh Bags Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Mesh Bags market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Mesh Bags market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

Important Questions Answered in the Mesh Bags Market Report

Which end user remains the top revenue contributor in different regional markets?

At what rate has the global Mesh Bags market been expanding during the forecast period?

How will the global Mesh Bags market look like by the end of the forecast period?

What innovative strategies are adopted by Mesh Bags market players to stay ahead of the pack?

What are the restraints affecting the growth of the global Mesh Bags market?

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Report Highlights:

A detailed overview of the market

Changing market dynamics in the industry

In-depth segmentation of the market

Historical, current, and projected size of the market, regarding volume and value

Recent industry trends and developments

Competitive landscape in the market

 

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

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Future Market Insights in its latest released report, projects over 3% annual growth in global security labels market, which will propel the total market size to be over US$ 45 by in 2030. Expansion of retail sector, its remarkable evolution, and changing consumer consciousness have collectively stimulated the growth of allied industries such as labelling and packaging.

Demand to make retail more organized with improved and efficient inventory management is expected to up the demand for security labels. Future Market Insights predicts that the ever-expanding food & beverages and pharmaceutical markets will propel the demand for advanced security labels that come to RFID and NFC technologies.

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Growing e-commerce and bulk buying has significantly created a need for right labelling to ensure proper asset tracking, tracking of warehouse locations, and safe storing of the product until it reaches the buyer. The need to differentiate products on shelves has compelled security label manufacturers to offer high quality labels that satisfy the packaging and labelling objectives of their clients operating in retail and food markets.

Use of security labels reduce chances of package tampering, which ensures right delivery of products to consumers. Security labels also allow fast and reliable authentication of genuine products, which is essential for safeguarding customer’s interest.

Identification of authentic products from the counterfeit one has been noted as the key market driver as it maintains product integrity. Analysts have assessed each of these factors in detail to ascertain them as powerful market forces responsible for market growth.

Key Takeaways of Security Labels Market Study

• Food & beverage industry is estimated to account for more than 2/5^th of the security labels demand by 2030
• Barcode labels to have an incremental opportunity of US$ 5 Bn by 2030
• Plastic, as a raw material, estimated to account for 45% of the global market by value and is expected to reach slightly over US$ 20 Bn by 2030
• VOID pattern type is estimated to account for more than 60% by value of the market share by 2030
• Boxes & cartons estimated to account for half of the market share by 2030 owing to ease of application due to flat surface of boxes and cartons
• East Asia is estimated to have an incremental opportunity of US$ 6 Bn by 2030 with presence of large number of packaging products manufacturers.

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Unique Identification Technology and IoT to Boost the Demand for Security Labels

RFID technology, which offers unique identification and real-time information, is expected to give security labels the much-needed overhaul. While it does increase the price of security labels, RFID enables accurate tracking of products. From date of manufacturing to expiry, asset tracking, and inventory management, the modern security labels are expected to simplify many issues for end users.

This technology coupled with Internet of Things and cloud computing technologies used across verticals is expected to enhance security labelling as the best solution for ironing out the creases in logistics and supply chain. Easy access to information about products, information about warehousing, storing, and final dispatch can be easily managed with such labels.

RFID security labels are also expected to make lab work error free as they largely remove the element of human interaction for reading, sorting, shelving. Such benefits are expected to favor market growth in the coming years.

One of the challenges that brand owners face is maintaining and developing a positive brand image. Companies strive to achieve positive impression by improving product performance, reliability, and creating value. However, counterfeit products can tarnish the positive brand image and gray market of the products can result in margin shrinkage. To overcome the challenge, security labels are anticipated to play a vital role in authentication of products. This is likely to boost the demand for security labels in the years to come,” says an FMI analyst.

Impact of COVID-19 on Security Labels Market

The short term impact of COVID-19 pandemic can be felt through shortage of raw material and disturbed supply chains in the security labels market. While this has caused the sales to plummet, the pandemic has also highlighted the need for it security in the pharmaceutical, healthcare, and R&D industry.

The growing clinical trials and increasing diagnostics have created a dire need for security labels across labs and research and development centres. Increasing pressure to find a vaccine for COVID-19, will need accurate labelling of samples, thus generating a massive demand for security labels.

Investment by governments in these clinical trials across the globe is also expected to up the demand for security labels in indirect ways.

Security Labels Market Landscape

Avery Dennison Corporation, 3M, CCL Industries Inc., Brady Corporation, Zebra Technologies Corporation, Honeywell Corporation are the top players operating in the Security Labels Market. Furthermore, Covectra, Inc., UPM Raflatac, tesa SE, Mega Fortris Group, Sato Holdings Corporation, Muehlbauer Holding AG, Invengo Technology Pte. Ltd and Smartrac Group are prominent players in the security labels market. The Tier 3 players in the market hold 63-70% in the global Security Labels Market. In conclusion, key players contribute 20-30% of the global market.

A new era of chemical warfare and increased man-made threats is on the rise with an intent to damage or harm mankind, owing to which rapid identification of chemical or biological agents involved in any hazardous materials (Hazmat) is necessary to prevent incidents. Chemical detection equipment are generally used to identify the presence and intensity of chemical agents in soil, air as well as water and to alert respective authorities and personnel to the existence of toxic or hazardous substances, so necessary action can be taken to prevent catastrophes, as it can be dangerous whether it is in a weaponized or non-weaponized form.

Testing for the presence of these materials is necessary for production sites/industrial areas and exposedareas to prevent any incident. Incidents from the past have alarmed the chemical industry to use reliable and high quality chemical equipment for monitoring of chemical plants and industries, hence increasing the demand for chemical detection equipment.

Rising threats from terrorist organizations have forced countries to use chemical detection equipment in all important sites, such as the airport, water distribution plant, nuclear power plant, tourist places and many other critical infrastructure facilities for the purpose of public safety. Chemical detection equipment is also used in facilities like nuclear power plant, chemical production facilities and various other industries to identify the presence and intensity of Radiation & chemical agents in soil, air as well as water.

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Chemical Detection Equipment Market:Dynamics

Growth in the chemical detection equipment market is mainly due to an increase in terrorist threats, as well as increasing safety regulations.The increase in production of hazardous materials for industrial applications has also increased the level of threat, due to accidents or misuse by terrorists.

Strict laws for buying and selling of hazardous chemicals and increased activities by law enforcements andsafety and security administrations has led to growth of the chemical detection equipment market. Awareness among people and stringent government regulations have created immense pressure on corporates to keep chemical detection equipment at their sites to ensure safety of the workforce. As a result, usage of chemical detection equipment in many industries has consequently surged its demand globally.

On the other hand, the high price of this equipment and high operating cost (cost of the chemicals usedin making detection equipment) are restraints to the growth of the global chemical detection equipment market.

Among the chemical detection equipment available in the market, equipment which are small, effective, simple and relatively cheap are in trend and hold the maximum market share. Portable chemical detection equipment with infrared technology & Raman spectroscopyhas already captured a major market share due to the above stated reasons.

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Chemical Detection Equipment Market: Regional Outlook

North America is a major market for chemical detection equipment as continuous research and development is required in this field and the United States is a leader in the R&D of chemical detection technology. The increase in terrorist threats and incidents related to chemicals in recent years has garnered much attention from people and governments all over the world.The countries affected by terrorism are major markets for chemical detection equipment, such as India, the United Kingdom, Iraq, Afghanistan, etc.

Chemical Detection Equipment Market: Market Participants

Examples of some of the market participants in the chemical equipment global market, identified across the value chain are:

• Smiths Group Plc
• Thermo Fisher Scientific Inc.
• Chemring Group Plc
• Flir® Systems, Inc.
• Bruker Corporation
• General Dynamics Corporation
• Federal Resources
• Environics Oy.
• Rae Systems By Honeywell
• Bioquell Plc

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, application, and industry.

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The report covers exhaust analysis on:

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

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern 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.

Chemical Detection Equipment Market:Segmentation

Segmentation of the chemical detection equipment market on the basis of technology used:

• Infrared spectroscopy based,
• Raman spectroscopy
• Others

Segmentation of the chemical detection equipment market on the basis of its end users:

• Government authorities
• Federal departments
• Law enforcement
• Safety and security administrations
• Airport authority
• Customs & Border security
• Coast Guard
• Commercial
• Industries
• Hospitals And medical institutions

Disposable cutlery has emerged as the most economical and efficient solution for both indoor and outdoor food service activities. Future Market Insights (FMI) in a new study has forecast the market to exhibit 0.9% Y-o-Y growth in 2021, after exhibiting negative returns in 2020.

Use of disposable cutleries in hotels, pubs, bars and beyond has been a key game changer. For instance, these cutleries are highly sought-after for better convenience and hygiene factor in schools & offices. The convenient use and affordable pricing of disposable cutlery with availability of dispensed and wrapped types are driving growth.

Disposable spoons are expected to remain highly sought after. While plastic still accounts for majority of disposable spoons sold worldwide, consumers are gradually transitioning towards wooden spoons. Use and throw wooden spoons are widespread in countries such as India, France, and others that have implemented stringent regulations against the use of plastic.

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Key Takeaways from Disposable Cutlery Market

• FMI presents positive outlook for disposable cutleries market. After reporting negative growth amid COVID-19, the market is set to exhibit 4.4% CAGR between 2021 and 2031
• U.S. is expected to account for 86% of disposable cutleries sold in North America
• U.K.’s recovery post COVID-19 is will be slow and steady. FMI projects it to exhibit 1% Y-o-Y growth in 2021
• Outlook for Germany and Spain will remain positive
• China will lead East Asia, while growth in South Asia is expected to be spearheaded by India

“Leading players are launching disposable cutlery made from a wide variety of materials, with appealing look, and specialty applications to enhance customer satisfaction. Additionally, there is increasing focus towards the production of green disposable cutlery items made of plant starch, wood, and bamboo, which is likely to boost the market in the near future,” says FMI analyst.

Rising Demand for ‘On-the-go Food’ Fuelling Sales

Millennials are increasingly looking for personal experiences with trendy goods. They also represent a major and rapidly growing segment of the market. In order to better satisfy the increasing demand of millennial, who prefer on-the-go food producers are also concentrating on expanding their disposable cutlery portfolios. To allow maximum customer convenience, they are seemed to be focusing increasingly on design. Ease in storage and grab-and-go features of disposable cutlery also contribute towards their sales, apart from practical features such as low costs and food hygiene.

In order to cater to the increasing number of on-the-go customers, foodservice operators provide different services such as ‘takeaway’ and ‘drive through’. In response to this, the demand for disposables in the food service is expected to dramatically rise over the next five years.

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Impact of COVID-19 on Disposable cutlery Market

COVID–19 has caused drop in sales in 2020-21. This is mainly due to the continuing challenges faced by food service outlets and institutional food service businesses, which are the biggest customers of disposable cutlery. Restaurants, quick service restaurants (QSRs), bars, pubs, and coffee shops remained shuttered for prolonged period to contain the virus, causing disposable cutlery sales to contract.

Nonetheless, the focus on hygiene has caused considerable shift in behaviour pattern among consumers. There is higher inclination towards getting food delivered than dining out even after economies are returning to normalcy. Likewise, the demand for disposable cutleries is surging in comparison to reusable ones to ascertain better hygiene.

Disposable cutlery Market Landscape

Huhtamaki Oyj, Pactiv LLC, Dart Container Corporation, and Georgia-Pacific LLC are the top players operating in the disposable cutlery market. Additionally, DOpla S.p.A., Vegware Ltd, I.L.P.A. S.p.A. Group, Genpak, LLC, D&W Fine Pack LLC, and Novolex Holdings, Inc. are some of the leading players operating in the market. Companies operating in the market are focusing on innovations to gain competitive advantage.

For instance:

• Biopac UK Ltd has recently unveiled a range of disposable spoons made from biodegradable corn starch
• A new line of products, called “Cheeky” introduced by Dart Container Corporation include paper plates and bowls, besides colored cutleries

Disposable cutlery Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global disposable cutlery market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the disposable cutlery market on the basis of product type (spoon (plastic (PP, PS, PLA) and wood)), fork (plastic (PP, PS, PLA) and wood)), and knife (plastic (PP, PS, PLA) and wood)), fabrication process (thermoforming, die cutting, and injection molding),

cutlery type (wrapped cutlery, and dispensed cutlery), end-use (food service outlets (hotels, restaurants & cafes, quick service restaurants (QSR)), institutional food services (cinemas, airline & railway catering, schools & offices and hospitals) and household use) and sales channel (manufacturers (direct sales), distributors, e-retail, and retailers (hypermarkets, supermarkets, convenience stores, specialty stores, discount stores & warehouse/wholesale clubs)) across seven regions.

Steel drums have emerged as preferred rigid packaging solutions as they are increasingly used for transporting hazardous and non-hazardous material. According to a study by Future Market Insights (FMI), the steel drums market is forecast to register steady growth on the back of increasing applications in industries such as chemicals, food & beverages, petroleum & lubricants, healthcare & personal care, building & construction, paints, inks, & dyes, and others. Driven by this, the steel drums market is forecast to reach nearly US$ 11. 4 Bn by 2021.

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Steel Drum Market Landscape :
Greif Inc., Mauser Packaging Solution, and SCHÜTZ GmbH & Co. KGaA are the top players operating in the steel drum market. Furthermore, Time Technoplast Ltd., Balmer Lawrie & Co. Limited, Nippon Steel Drums Co. Ltd., are some of the companies operating in the steel drum market. The Tier 3 players in the market hold 75-80% in the global steel drum market.

Growth forecast for the market remains positive in response to the consistently rising demand for safe & secure and cost-effectiveness solutions. Steel drums are often preferred for transporting chemicals because they are environmentally friendly, fire resistance, and have various other advantages. Considering the availability, steel drums are available in two different materials, stainless steel and carbon steel. Of these, carbon steel is preferred more.

“Companies operating in the market are focusing on improving designs of steel drums to make them more light-weight, efficient, and cost-effective. Also they are focusing on expanding footprint via strategic collaborations,” says an FMI analyst.

Over the past few years, the steel drum is gaining popularity among various end-use industries especially for storage and transportation of liquid materials as it offers safe and secure packaging solution. Also, rising concerns about sustainability is creating growth opportunities. Future Market Insights forecasts the market to continue growing at a positive rate between 2021 and 2031.

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Key Takeaways from Steel Drum Market:
Driven by rising demand for effective packaging solutions, steel drums market will rise at 5% CAGR between 2021 and 2031

Within the U.S., the chemicals industry will account for maximum sales of steel drums

Moderate growth is likely in the U.K. market, driven by increasing application in chemicals and petroleum & lubricants industries

Germany and France will remain highly lucrative markets for steel drums within Europe

Exceptional growth is likely in China, as demand continues increasing across diverse industries including chemicals, paints, inks & dyes, and petroleum & lubricants sectors

Steel Drum Market by Category-

Capacity:
55 Gallon Steel Drum
Other than 55 Gallon Steel Drum

Head Type:
Tight Head Steel Drum
Open Head Steel Drum

Material:
Carbon Steel
Stainless Steel

End-Use:
Chemicals
Petroleum & Lubricants
Paints, Inks, & Dyes
Food & Beverages

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Rise in Demand for Steel Drum in Chemical Sector Augmenting Sales :
The demand for steel drums in the chemical industry is rising due to the changing way of industrial packaging solution by pooling and leasing the containers and drums. The standards for using steel drums are set by various countries and various regulations such as the U.S. Department of Transportation (DOT), United Nations regulations. Majorly the steel drums are used by the chemical industry to store and transport hazardous and non-hazardous materials.

Also, the steel drum offers high safety and easy warehousing benefit which bolster their demand in the chemical industry. The steel drum is highly used for liquid chemicals in the global industrial packaging market. The chemical segment is expected to hold more than 35% of the steel drums market and estimated to witness faster-growing demand in the next five years, owing to favourable transportation regulations and international trad

The pharmaceutical packaging market is  registering an increasing demand for anti-counterfeiting solutions and child protective packaging. In the pharmaceutical industry, counterfeiting has emerged as a major concern for manufacturers and consumers.

Given this,  anti-counterfeiting technologies such as barcodes,  labels and tags are attracting attention among manufacturers. According to a recent report by Future Market Insights (FMI), driven by technological advancements,  pharmaceutical plastic bottle  sales will grow at a CAGR of 10.3% between 2021 and 2031. The market is expected to reach a value of over $79 billion in 2031.

The increasing number of cases of child poisoning due to accidental ingestion of pharmaceuticals has helped introduce child-resistant packaging solutions. These products are typically available in two-piece push-and-turn technology for bottle closures.

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Currently, most promising drugs are available in children’s packaging, which has a major impact on sales of pharmaceutical plastic bottles. There is a constant need for innovation among industry players to sustain itself in an extremely competitive market.

For example,  the introduction of RFID to replace traditional barcodes  aims to increase the convenience of tracking and tracking products. QR codes are the newest addition to the pharmaceutical bottle industry, where they are used for multiple purposes, such as displaying detailed product information, tracking products through the supply chain, or as a means of maintaining logs in pharmacies.

Innovations that increase the utilization of recycled materials are also accelerating in the market. These innovations and technological advances are contributing to progress.

For example, in January 2020, Gerresheimer AG  announced that it would provide customized rigid plastic packaging solutions, including pharmaceutical plastic bottles made from BIO-PET and  R-PET .

Key highlights of the Pharmaceutical Plastic Bottles Market study:

• Demand for plastic bottles for ophthalmic/nasal formulations will increase to 12.7% during 2021-2031, driven by increased application of corticosteroid drugs.
• Polyethylene terephthalate (PET)  is expected to account for a dominant share of 30.8% in 2031 as a result of regulations and restrictions on the use of plastics.
• Bottles with a capacity of less than 100ml are projected to increase the opportunity to $28.1 billion over the next five years.
• The US will account for more than 82% of the North American market in 2021. However, the country is likely to lose its share of value to active Canadian industries by the end of 2031.
• China and India will remain lucrative markets due to their large patient populations and investments from the local pharmaceutical industry.

“Pharmaceutical plastic bottles are a relatively economical, lightweight and convenient packaging solution compared to pharmaceutical glass bottles. These products are gaining popularity among manufacturers and consumers. Consumers often choose plastic bottles to avoid the risk of breakage. These factors are expected to drive demand through 2031,” said an FMI analyst.

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Impact of COVID-19 on Pharmaceutical Plastic Bottle Market

The ongoing COVID-19 pandemic has had a negative impact on the packaging industry. Any losses incurred may be due to logistical restrictions and worldwide imposed closures.

Production output has declined due to reduced production capacity and delayed supplies of raw materials. Manufacturers in the pharmaceutical plastic bottle industry have struggled to meet the sudden increasing demand in the market.

With continued easing and unlocking of transport restrictions, the market is expected to grow steadily through 2021 and beyond.

Who is the winner?

Tier 3 players in the pharmaceutical plastic bottle market account for 75-85% of the overall value share. The major players contribute 15-25% of the global market. Strategies related to capacity expansion and investment in product development will gain attention from the industry.

Berry Global Inc.  , Amcor Plc,  ALPLA Werke Alwin Lehner GmbH & Co KG  is a leading player operating in the pharmaceutical plastic bottle market. Additionally, AptarGroup, Inc., O. Berk Company, LLC, Alpha Packaging Holdings, Inc., Comar, LLC are some of the notable players in the pharmaceutical plastic bottle market.

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