Market Research Blog – Page 14919 – New Product Development

Packaging Testing Market Will Reach At A Stellar CAGR Of 12% Towards 2031-End: FMI

Future Market Insight (FMI) estimates that packaging testing revenues will increase significantly from 2021 to 2031, with worldwide revenues up 12.3% year over year in 2021. Driven by introduction of new standards and regulations to increase sale of packaging testing equipment, the packaging testing market is forecast to reach valuation of US$ 12.60 Billion by the end of 2021.

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Consumers are seeking convenient packaging options which are lab tested and stand true on the parameters of quality and quantity defined by regulation committees. Package testing is performed on packaging materials using scientific equipments to evaluate the suitability of contact material with processed and frozen foods, medicines drugs, etc.

“Rise in cases of chronic ailments have accelerated the demand for pharmaceutical drugs across the globe. Growing need for safe and secure packaging to protect the drugs will drive the market growth in upcoming years,” says the FMI analyst.

Increasing demand for recyclable and biodegradable packaging has fueled the demand for packaging testing for different packaging materials under different conditions. Pharmaceutical drugs and food and beverage manufacturers are employing packaging testing to fulfill the complex packaging standards to build brand reputation. These factors are emerging as the key growth drivers in packaging testing market.

Prominent players operating in the packaging testing market are:-

SGS SA
Intertek Group Plc
Bureau Veritas SA
Eurofins Scientific SE
ALS Limited
TUV SUD AG
Mérieux NutriSciences Corporation
Microbac Laboratories Inc.
National Technical Systems Inc.
EMSL Analytical Inc.

Introduction of new standards by International Organization for Standardization, ASTM International, European Committee for Standardization, TAPPI, Military Standards, and ISTA (International Safe Transit Association) are also making a positive impact on the market growth.

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Increasing consumer demand for rugged product packaging along with growing demand from product manufacturers for packaging that are highly durable and keeps product safe from impurities and damage will propel the packaging testing market growth throughout 2031.

Key Segments Covered in Packaging testing Market Study:

Testing Type:

Physical
Chemical
Microbiological

Material Type:

Plastic
Metal
Paper and Paperboard
Glass
Wood and Others

Packaging Application:

Food and Beverages
Healthcare
Pharmaceuticals
Medical Devices
Chemical and Fertilizers

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Key Takeaways from FMI’s Packaging testing Market Study

North America packaging testing market is poised to grow at a prolific 10% CAGR during the forecast period. Growth uptick can be attributed to strict regulatory compliances issued by U.S. Food and Drug Administration, high demand for packaged foods and increase in consumption of medicines in U.S. and Canada.
Driven by rise in export and production of sustainable and safe packing in U.K. and Germany, Europe packaging testing market is forecast to grow at astronomical CAGR of 11.2% through 2031.
Japan will account for 26% of East Asia packaging testing market share, in the wake of rising geriatric population and increasing demand for pharmaceutical drugs for treating chronic diseases in the country.

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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Corrugated Automotive Packaging Market 2021: Increasing Demand For Efficient Management Practices Report

Recent report by Future Market Insights (FMI) the market for corrugated automotive packaging is likely to reflect moderate growth from 2020 to 2030. The sector is expected to benefit from sustainability initiatives in the packaging industry. The growth trajectory of the global corrugated automotive packaging market is projected to be significantly affected throughout 2020. A substantial dip in comparison to previous years is likely, largely owing to the effects of the coronavirus pandemic on the global automotive sector.

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“Original equipment manufacturers (OEMs) in the automotive industry are displaying increased preference towards corrugated packaging options owing to easier recycling, lower costs of shipping, and low weight. Corrugated packaging products are easier to customize as per the needs of the end user through the supply chain,” said a lead analyst at FMI.

In its latest report, Future Market Insights has given a detailed analysis of the many strategies being employed by market players in the corrugated automotive packaging market. Leading players are largely emphasizing on product development and launch strategies in addition to strategic acquisitions and capacity expansions.

Some of the major players in the industry include International Paper Company, Sonoco Products Company, Mondi Group Plc, Sealed Air Corp, WestRock Company, Greif Inc., DS Smith plc, and Smurfit Kappa Group plc, among others.

Key Segments

Layer Type

Single Face
Single Wall
Double Wall
Triple Wall

Product Type

Trays
Corrugated Partitions
Corrugated Pallets
Octabins
PoP Displays

Automotive Parts

Automotive Filter
Battery
Engine Components
Lighting Components
Underbody Components

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Corrugated packaging will primarily find use for lighting components, owing to safety standards associated with electronic parts, with boxes remaining a popular option for efficient logistical supply chain operations. The market is expected to gain from industry acquisition and capacity expansion strategies and investments towards product development.

The FMI report provides an overview of the industry, covering key dynamics in the market. Some of the top takeaways of the report include:

The corrugated automotive packaging market has been valued at over US$ 1.7 billion in 2019, and the growth rate of the market is likely to be strongly affected by the covid-19 outbreak, owing to lockdown restrictions on the manufacturing and automotive sectors
Corrugated boxes remain the preferred packaging format, owing to benefits in stacking, and efficiency in logistical operations from suppliers to end users
Packaging for automotive lighting will generate higher demand as that of batteries, engine components, filters, and electrical among others. Engine and battery packaging applications are likely to reflect faster growth owing to lower risk of accidental discharges

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Enquiry before Buying

Is this research conducted by Future Market Insights?
Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst
What research methodology is followed by FMI?
FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions.
Who are the respondents for primary research?
FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.

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Pharmaceutical Unit Dose Packaging Market Witness A Spike In Growth Pace Recent Improvements In Pricing Models: FMI

FMI, in its upcoming business report, elaborates the historical and current scenario of the global Pharmaceutical Unit Dose Packaging market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

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Crucial information and forecast statistics covered in the Pharmaceutical Unit Dose Packaging market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on Pharmaceutical Unit Dose Packaging Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Pharmaceutical Unit Dose Packaging 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 Pharmaceutical Unit Dose Packaging 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.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Pharmaceutical Unit Dose Packaging market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Serving domestic and international clients 24/7,Prompt and efficient customer service, Data collected from reliable primary and secondary sources, Highly trained and experienced team of research analysts, Seamless delivery of tailor-made market research reports

Important Questions Answered in the Pharmaceutical Unit Dose Packaging Market Report

Which end user remains the top revenue contributor in different regional markets?, At what rate has the global Pharmaceutical Unit Dose Packaging market been expanding during the forecast period?, How will the global Pharmaceutical Unit Dose Packaging market look like by the end of the forecast period?, What innovative strategies are adopted by Pharmaceutical Unit Dose Packaging market players to stay ahead of the pack?, What are the restraints affecting the growth of the global Pharmaceutical Unit Dose Packaging market?

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Rapid Expansion Projected For BOPA Films Market During (2020 – 2030)

Global BOPA films market will witness remarkable opportunities during the coming decade as flexible packaging becomes more popular among the consumers. Over the last few years, consumers have rapidly inclined towards flexible packaging owing to its portability and convenience factors such as resealability, microwaveable packaging, easy-open packs, carry-away packs, and longer shelf lives.

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Unitika Ltd., Mitsubishi Chemical Corporation, Toray Advanced Film Co., Ltd., and Winpak Ltd. are the top players operating in the BOPA films market. Besides, Kolon Industries Inc., Hyosung Corporation, TOYOBO Co., Ltd., A.J. Plast Public Company Limited, Sojitz Plastics America Inc., and Domo Chemicals are some other prominent players in the BOPA films market.

BOPA films are suitable for packaging of food products like frozen and cooked food, liquid and viscous food, liquid bag-in-box, fruits & vegetables, which has won them a special place in food packaging amongst most vendors.

“The demand for BOPA films in packaging is expected to increase in the years to come as the companies opt for flexible for functional solutions at affordable pricing. Increasing beauty and cosmetic industry and rising demand for improved packaging in the pharmaceutical industry are also projected to give the BOPA market a shot in the arm,” says an FMI analyst.

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Technological advancements in pharmaceutical packaging such as next-generation blister packaging and serializable blood & parenteral nutrition bags made from BOPA films are expected to play a crucial role in demand growth of the market.

Processed food products are susceptible to damage if they are exposed to biological or atmospheric impurities. Thus, producers are constantly striving for ways to maintain the quality while prolonging the shelf life.

The excellent protection offered by BOPA films against moisture and gas are expected to make them a preferred packaging solution amongst end users.

Demand for Transparent Packaging Solutions for Easy Recognition to Up BOPA Consumption

Transparency of a package is often a preferred form of packaging by most end users. If consumers aren’t able to see what’s inside the package, they are less likely to purchase it. As the demand for see-through packaging is on the rise, particularly in the packaging of food products, it is expected to boost the uptake of BOPA films.

Clearer packaging gives a visually pleasing look and therefore enhances the product’s shelf visibility. Thus, transparent packaging serves as a value addition to the consumer goods market, where product separation and quick identification is the focal point.

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Impact of COVID-19 on BOPA Films Market

Significant amount of BOPA films demand is reliant on food packaging industry. The BOPA films are used in the packing of meat & poultry, cheese, frozen food, ready-to-eat foods, fresh fruits and vegetables. Due to COVID–19 outbreak, people are also opting for packaged food items, which has had a short-term positive impact on the market.

Consumers are expected to prefer packaged food due to its limited handling. Furthermore, as the packs can be disinfected and stored, consumer are likely to spend more on this segment.

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Plastic Jar Packaging Market Witness A Spike In Growth Pace Recent Improvements In Pricing Models: FMI

Plastic jars are ideal choice for storing chemical solvents and pharmaceutical items as they have high chemical resistivity, lightweight, and are easy to use.Witnessing passive expansion at an average 2.9% yearly rate, the global market revenues for plastic jar packaging are projected to surpass the US$ 26.314 billion mark by 2031 end.

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Among a wide range of market segments based on the capacity of plastic jars, those with less than 10 oz. will remain dominant in terms of market share, according to the report.

some of the most prominent, active competitors in the global plastic jar packaging landscape, including Alpha Packaging Inc., Ontario Plastic Container producers Ltd., Cospak Pty Ltd., Gepack Srl, Amcor Limited, Berry Global Inc., Gerresheimer AG, Olcott Plastics, Inc., RPC M&H Plastics Ltd., All American Containers, Inc., Tim Plastics, Inc., Pretium Packaging, LLC, Integrity Cosmetic Container Industrial Co., Ltd., Silgan Holdings Inc., Taral Plastics, Inc., SKS Bottle & Packaging, Inc., Neville and More Ltd., Ltd. Plasmo Pty Ltd, Zenith Global Ltd, Thornton Plastics Co., and Rayuen Packaging Co., Limited among others.

Increasing consumer inclination toward controlled portion intake, as concluded in the report, will account for sustained popularity of smaller sized plastic jars, i.e. of capacity – less than 10 oz. in the forthcoming years.

End-use Manufacturers Still Prefer Plastic Jar Packaging Solutions

In the report, FMI suggests that the emergence of plastic jar packaging as lightweight, secure, impact-resistant, durable, and cost-effective solution will create significant demand from various end-use industries during the forecast period.

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Moreover, food and beverages industry currently is the most lucrative end user, registering maximum consumption of plastic jars for packaging.

Key Segments Covered in Plastic jar packaging Market Study:

By Material Type:

Polyethylene Terephthalate (PET),Polyethylene (PE),Low-Density Polyethylene (LDPE),High-Density Polyethylene (HDPE),Polyvinyl Chloride (PVC),Polypropylene (PP),Polystyrene (PS),Others (polycarbonate, polylactide etc.)

By Capacity:

Less than 10 Oz,11 – 30 Oz,31 – 60 Oz,More than 61 Oz

By End Use:

Food and Beverages,Personal Care & Cosmetics,Homecare,Pharmaceuticals,Chemicals,Others

Developed Regions Spearhead Global Market, High Processed Food Consumption to Drive Emerging Markets

While North America represents just-under 1/4th of the global market value at present, the ever-growing demand for effective and efficient packaging formats is likely to drive innovation in the plastic jar packaging industry in the region.

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Europe’s market for plastic jar packaging will however receive strong support from the thriving end-use industries, particularly F&B, pharmaceuticals, and cosmetics & personal care. Effective regulatory framework of European authorities will also remain an important factor shaping the plastic jar packaging market across Europe, as suggested by the report.

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Wooden Cutlery Market | One The Most Booming Industry In Upcoming Years Due To Global Demand In Industry By 2029

The global wooden cutlery market is estimated to reach a value of ~US$ 150 Mn in 2019, and expand at a CAGR of ~5.0% during the forecast period. In the report, FMI suggests that the wooden cutlery are the better alternative to plastic and steel cutlery, owing to its eco-friendly and biodegradable properties.

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The global market for wooden cutlery has been segmented on the basis of product, end use, sales channel, and regions such as North America, Latin America, Europe, South Asia, East Asia, MEA, and Oceania.

Wooden Cutlery Market: Vendor Insights

In this report, Future Market Insights has presented several strategies adopted by the key players in the wooden cutlery market, tracked by an analysis of the current developments. The key players, which have been profiled in the report on the wooden cutlery market includes Huhtamaki Group Oyj, Chefast kitchen accessories, Mede Cutlery Company, Eco-gecko Products Inc., Caoxian Luyi Wooden Product Co., Ltd., Bambu LLC, VerTerra Dinnerware, Leafware LLC, Biopac UK Ltd., Vegware Ltd., Bio Futura B.V., Ecoware Biodegradables Inc., Ecoriti, Vrag Fils Airlaid Pvt. Ltd, Natural Tableware, Packnwood (First Pack), Biotrem, Pavrex Wooden Products, Greenwood (Dalian) Industrial Co., Ltd., and Pappco Greenware, among others.

North America Remains at the Forefront

FMI’s study analyses that North America is expected to remain at the forefront of the global wooden cutlery market throughout the forecast period. In North America, the wooden cutlery market is expected to be driven by increase in number of single-person households along with increase in living standards and changing lifestyles.

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Future Market Insights on the wooden cutlery market includes the global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report analyses the wooden cutlery market and provides critical insights for the forecast period 2019-2029. As per the findings of the report, the global wooden cutlery market is projected to experience significant growth over the forecast period due to multiple driving factors.

Key Segments

By Product Type

Knives,Forks,Spoons

By Sales Channel

Manufacturers (Direct Sales),Distributors, Retailers, Hypermarkets,Supermarkets,Convenience Stores, Specialty Stores,Discount Stores & Warehouse/Wholesale,E-retail

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Opportunities Abound in East Asia & South Asia

East Asia holds significant share in the global wooden cutlery market, and is expected to attain notable CAGR during the forecast period. In East Asia, China is foreseen to remain prominent market, accounting for half of the revenue share during the forecast period. China, with low labour cost and highly efficient workers, produces large volume of wooden cutlery. Wooden cutlery made in China are available at comparatively low price, and are exported in large volume to other regions.

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Thermoplastic Tape Market : The Trends Driving Growth And Shaping The Future 2029

Future Market Insights (FMI) on the thermoplastic tape market includes global industry analysis 2014 – 2018 and opportunity assessment 2019 – 2029. The report investigates the thermoplastic tape market and provides critical insights for the forecast period of 2019 – 2029. As per findings of the report, the global thermoplastic tape market is expected to witness a substantial growth during the forecast period.

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Low cost and effective performance of the thermoplastic tape in the manufacturing of automotive components are expected to drive the market growth in the upcoming years. In addition to enhancing visual appearance of the automotive parts, the diversification in usage and consumption of thermoplastic tape in different end-use sectors including aerospace and building & construction is likely to drive the market growth in the next ten years.

The report highlights prominent market players who have established themselves as market leaders in the global thermoplastic tape market. Some of the key players operating in the global market are Evonik Industries AG, Toray Industries Inc., Solvay S.A., Teijin Ltd., Mitsui Chemicals Inc. and Sabic Corporation, among others.

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Manufacturers Foresee Lucrative Opportunities in East Asia

Europe will continue to hold a prominent share in the thermoplastic tape market. However, high growth opportunities are expected in East Asia in 2019 and beyond. China is anticipated to represent high incremental opportunity and maximum growth rate in the region. With mounting environmental concerns, the government in the country are continuously imposing regulations to reduce dependency on fossil fuel, which led to increased adoption of composites in automotive and aircraft manufacturing.

Key Segment

By Thickness

<0.20 mm,0.21 mm-0.40 mm,> 0.40 mm

By Material

Fiber,Carbon,Glass,Others (Aramid etc.),Resin,PAEK,PC,PA,PET,TPU,PP,Others (PPS, etc.)

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Industry Leader’s Perspective:

According to R&D Vice President of Arkema – leading player in the thermoplastic tape market, carmakers in Europe are focusing on the development of lighter vehicles by replacing metal components with composites, in order to achieve the carbon emissions cap for new cars which will drop from 130 grams to 95 grams per kilometer by 2020. The company’s thermoplastic is set to be a part of this solution, by offering lightweight, efficient, recyclable properties.

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Bagasse Tableware Products Market Expectations & Growth Trends Highlighted Until 2029

Bagasse tableware products were valued at ~ US$ 1.7 Bn in 2018, unveils the new research study by Future Market Insights (FMI). According to the report, the bagasse tableware products market is projected to expand at a CAGR of ~ 6% during the forecast period of 2019-2029.

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According to the report, increasing focus on sustainable and tree free renewable resources for manufacturing tableware is projected to create high demand for bagasse tableware products throughout the forecast period. Consumers’ proclivity towards eco-friendly and single-use products is expected to further fillip the growth of market in the next decade.

As the foodservice industry continues to expand across the globe, it simultaneously generates momentous demand for bagasse tableware products. Further, as sustainable products with exceptional characteristics continue to bolster in the marketplace, it is likely to offer a competitive edge for the bagasse tableware products market players.

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Entrance of New Players in the East & South Asia Bagasse Tableware Products Market

Easy availability of raw material, economical labour, and high growth opportunity are among factors enticing new players to enter into the market. Currently, the bagasse tableware products market is in the growth phase, and significant investment is likely to be fruitful due to the increasing demand for eco-friendly tableware. The East Asia South Asia bagasse tableware products market comprises of fewer international and huge local players. The capacity expansion of the international players and a growing number of local players are foreseen to result in heavy competition among vendors. These ultimately is projected to have a smart & competitive price of bagasse tableware products in the future.

Key Segment

Product Type

Plates,Less than 8 inches,8 inches to 12 inches,More than 12 inches

Packaging Application Food,Fruits & Vegetables,Processed Food,Ready-to-Eat meals,Soups,Others

Sales Channel Indirect Sales,Departmental & Discount Stores,Hypermarket/Supermarket,Specialty Stores,Online Sales,Direct Sales

End Use

Commercial Use,Hotels & Cafes,Full Service Restaurants,Quick Service Restaurants,Venues & Catering

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Bagasse tableware products are sturdy, water & grease repulsive, offer excellent suitability with extreme temperature range, and are entirely biodegradable & compostable. These factors are likely to make the product an ideal choice for serving and packaging variety of hot as well as cold food products.

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IBC Rental Business Market Recent Trends, Demand, Dynamic Innovation In Technology & Insights 2029

The global IBC rental business is estimated to be valued at ~ US$ 1 Bn in 2019, projecting a CAGR of ~ 5% during the period of 2019-2029. The growth of the IBC rental business is remarkably driven by increasing demand from small to middle-scale chemical companies.

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The latest market research report by Future Market Insights on the IBC rental business includes global industry analysis 2014–2018, and opportunity assessment 2019–2029. The report studies the IBC rental business and provides critical insights for the forecast period 2019–2029. As per the findings of the report, the global IBC rental business is projected to experience significant growth over the forecast period, due to various driving factors such as the growing demand from low-capital end-users and stringent shipping and storing regulations.

Some of the global key players in the IBC rental business profiled in report are Good Pack Ltd., Hoover Ferguson Group, Arlington Packaging (Rental) Limited, Precision IBC, Inc., Hoyer Group, Metano IBC Services, Inc., CMO Enterprises, Inc., Mitchell Container Services, Inc., Global Packaging Services (GPS), Brambles Limited, Envirotainer AB, Americold, HCS (Hawman Container Services), SCHÄFER WERKE GmbH, and TPS Rental Systems.

Europe to Remain as Dominating Market Region throughout the Forecast Period

The IBC rental business is closely related to the export activities and manufacturing of chemical and value-added products of different countries. The domestic production of end user in different regions are estimated to be a key factor in analyzing the leading end-use industries for the IBC rental services. Europe is expected to dominate the regional market in terms of demand, owing to its established export business. In 2018, Europe contributed nearly 40% of the total global export of chemical products.

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Key Segments

By Material Type

Carbon Steel,Stainless Steel,Plastic

By Product Type

Flexitanks,Stainless Steel IBC,Carbon Steel IBC,Plastic IBC,Composite IBC

By Content

Liquid,Solids & Semi-solids

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Temperature-controlled IBCs to Gain Traction in Coming Years

The global market of IBC rental business has been segmented in terms of material type, product type, content, capacity, end use, and regions. The regions are segmented into North America, Latin America, Europe, East Asia, South Asia, and Middle East & Africa.

By product type, carbon steel IBC is generally preferred in the IBC rental business. In terms of value, stainless steel IBC is estimated to be the leading product in the market. The reusability and secure handling of hazardous and flammable products are critical features, due to which steel IBCs are highly used in IBC rental business. By content, shipping and storing of liquid are the main applications of rental IBCs. The higher safety, filling, and dispensing offered by IBCs are expected to prove itself as great packaging formant for industrial products packaging.

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Disposable Lids Market Is Projected To Reflect A High Double-Digit CAGR 4% Through (2019–2029)

The global disposable lids market was valued at US$ 2.6 Bn in 2018, and is expected to increase at a CAGR of ~4% during the forecast period, 2019–2029. Increasing focus to maintain the environmental sustainability is one of the vital factors that accelerates the market growth of the disposable lids.

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The latest market research report by Future Market Insights on the disposable lids market includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report studies the disposable lids market and provides critical insights for the forecast period 2019–2029. As per the research findings of the report, the global disposable lids market is projected to experience noteworthy growth over the forecast period, due to various driving factors such as growing food & beverages industry and increasing demand for disposable and recyclable lids.

Key players in the global disposable lids market are Berry Global, Huhtamaki Group, Greiner Packaging International GmbH, Dart Container Corporation, Genpak, LLC, Cambro, Carlisle FoodService Products, Airlite Plastics, Cosmoplast (Harwal Group), Be Green Packaging LLC, Michael Procos S.A., Medac S.r.l., “Amhil Europa” LLC, ConverPack Inc., Plus Paper Foodpac Ltd., Pactiv LLC, Manoher International, G.E.T. Enterprises, LLC, and Pt Pola Paperindo Jayatama.

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Organized Food Retail Outlets to Create Demand in Emerging Clusters

Rapidly growing food & beverages industry, especially fast food industry in countries such as China and India creates massive demand for the disposable lids. Increasing penetration of prominent foodservice providers in these countries and frequent requirements of disposable lids in foodservice outlets is ultimately boosting the market growth. On the basis of geography, North America and Europe are anticipated to capture a substantial market share in terms of value in the disposable lids market due to adequate presence of key disposable lids manufacturers in these regions. Furthermore, factors such as growing global population, increasing demand for food products, especially for packaged food products is propelling the demand for disposable lids in the market.

Key Segment

By Material

Paper,Plastic,Polyethylene (PE),Polypropylene (PP),PET,Polystyrene,Poly Lactic Acid(PLA),Others (PHA, starch blends, etc.)

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By Application

Cups,Trays,Containers,Tumblers,Buckets & Tubs,Bowls

By Product

Fully closed,Directly drinkable,Indirectly drinkable

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