Automotive Seating Systems Market Overview by Top Players, Regions, Segments, Demand and Forecast till 2026

The design, price, and features of automotives vary from vehicle to vehicle. The seating systems of premium vehicles are more expensive and have advanced features, such as automatic heating. Various manufacturers are designing and developing automotive seating systems integrated with smart technologies and improved safety features to mitigate risks in case of accidents.

The new designs of automotive seating system also increases the fuel efficiency of the vehicles with lightweight designing. Moreover, the safety concerns related to driving and increase in demand for premium vehicles and economy cars in the developing regions such as India and Brazil will provide opportunities for the automotive seating systems market globally.  The global automotive seating systems market will register a moderate CAGR over the forecast period.

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Automotive Seating Systems Market: Drivers

The global automotive seating systems market is primarily driven by the growth in the automotive industry with new launch of an array of vehicles in the market and the demand for luxurious and comfortable seating among the consumers. The greenhouse gas emission regulations by the Environmental Protection Agency are also driving the demand for lightweight automotive seating systems having a positive impact on the automotive seating systems market globally. The new trends in the automotive seating systems market are integration of smart technologies; for example, Faurecia, one of the leading players in the automotive seating systems market, developed automatic seat positioning system which can be adjusted using a smartphone.

Cost reduction challenge associated with the designing and manufacturing of automotive seating systems can pose challenges to the growth of the automotive seating systems market during the forecast period 2016-2026.

Automotive Seating Systems Market Segmentation

The global automotive seating systems market is segmented based on vehicle type, seat type, technology, distribution channel, and region.

Based on vehicle type, the automotive seating systems market can be segmented into PC (Passenger Cars), LCV (Light Commercial Vehicles) and HCV (Heavy Commercial Vehicles).

On the basis of seat type, the automotive seating systems market is segmented into split Seat, bench seat and split bench seat.

Based on technology, the automotive seating systems market is segmented into heated, powered, powered & heated, and standard type.

Based on the distribution channel, automotive seating systems market is segmented into OEM and Aftermarket.

Based on the geographic regions, the global automotive seating systems market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa. Among the aforementioned regions, APEJ will dominate the automotive seating systems market over the forecast period 2016-2026. China, India, and South Korea will be key to the growth of the automotive seating systems market during the forecast period.

Consistently growing automotive sector in the region will contribute to the expansion of the market in the region. North America and Western Europe are the other key markets in the region. Emerging economies in Latin America will continue to offer growth opportunities to manufacturers, as the automotive sector witnesses steady growth in the region.

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Some of the major players identified in the global automotive seating systems market includes, Johnson Controls Inc., Faurecia SA, Marter Automotive Seating Systems, Toyota Boshoku Corporation, Lear Corporation, Magna International Inc, and IFB Automotive  among others. 

Dairy Product Packaging Market Players Explore New Materials for Sustainable Packaging Formats: FMI Report

In its latest report, Future Market Insights has estimated steady growth in the dairy product packaging market for the period of assessment between the years 2020 and 2030. Widespread milk consumption on a global scale, applications of dairy products in the food and beverage sector, and strict food safety regulations are aiding growth.

The growing awareness about the importance of packaging in the dairy industry to minimize the risk of adulteration and contamination is a key driver. Also, logistics and transport requirements and roles in boosting shelf-life is positively influencing growth prospects.

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Demand for smaller-portion packaging options coupled with higher disposable incomes and standards of living have significantly bolstered demand. Research into eco-friendly packaging solutions are likely to benefit the industry in the long-term.

Key Takeaways of the Dairy Products Packaging Market Report Flexible packaging formats are expected to display fast growth on the back of logistics benefits provided to dairy producers, particularly in developing economies. Paper and paperboard materials are likely to reflect high demand with applications in Tetra Pak formats and benefits of printing substrate. Packaging for milk will remain the key revenue contributor in the industry, owing to higher consumption by a health-conscious consumer base. North America is a the leading market aided by a massive milk production sector, and high consumption of cheese, yogurt, and flavored milk products.

“Dairy packaging has transitioned from glass bottles to polyethylene pouches, paper cartons, and tins, to tetra packs and aluminum cans. The growing demand and distribution of dairy products through organized and robust retail supply chain channels has also bolstered the demand for dairy product packaging on a global scale,” says an FMI analyst.

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Covid-19 Impact Analysis

The covid-19 pandemic has had adverse effect on the global dairy product packaging market. Widespread lockdown restrictions have hurt supply chains in the dairy industry, which has resulted in large-scale wastage of milk resources in many parts of the world. This in turn has hurt short-term demand for packaging.

Also, the food service industry has faced severe restrictions, cutting into the demand for dairy products, consequently affecting the dairy product packaging industry. Furthermore, the demand for dairy-based desserts, yogurt, and ice-cream has fallen sharply during the pandemic, limiting packaging supply chains. The recovery of the market will be gradual as concerns over the economic ramifications of the pandemic remain uncertain.

Who is Winning?

Leading players in the dairy product packaging market include but are not limited to Mondi Group, WestRock Company, CKS Packaging, Sealed Air Corporation, Nampak Ltd., Saint-Gobain S.A., Ahlstrom, Airlite Plastics, Saudi Basic Industries Corporation, ELOPAK, Rexam, and Clondalkin Group Holdings.

Market leaders are largely focused on investments into product research, especially in exploring the new materials with objective of functionality, and sustainability. Adoption of eco-friendly materials and formats, and efforts towards aesthetics will remain important for market players through the assessment period.

In November 2020, Greiner unveiled its range of packaging for dairy products made from recycled PET. Norway-based dairy producer TINE has launched sustainable packaging solutions to cut annual plastic consumption by 700 tons, with a research initiative on fiber-based solutions. M&S has unveiled its Innovation Hub to research on plastic-free packaging materials, for varied commodities including dairy products.

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Further Insights on the Dairy Products Packaging Market

In a new report by Future Market Insights, readers are provided with a comprehensive, and unbiased analysis of the global dairy products packaging market, including historical data for the years 2015 – 2019 and forecast data between 2020 and 2030. Information has been provided on the basis of type (bags & wraps, bottles, cans, cartons & boxes, cups, films & wraps, pouches, tubes, and others), application (milk, cheese, frozen products, yogurt, cream, butter and ghee, ice-cream, cultured products, and others), material (glass, metal, paperboard & paper, plastic, and others), and distribution channels (e-commerce, specialty retailers, supermarkets & hypermarkets, and others) across six key regions.

Automotive Navigation Solutions Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2026

From asking direction from other people to fully automated multifunctional navigation devices, the automotive navigation system market has evolved since inception. Automotive navigation solutions are now the need of the hour, either in the form of mobile devices or as an inbuilt function in vehicles. These systems use satellite navigation device to pinpoint the location of the any user. Not only limited to enabling precise location, automotive navigation solution are now equipped in supplying information about traffic congestion , active construction work and locations of nearby restaurants, hotels, petrol pump, service center, hospital, airport and other location. Amalgamation of telematics, automotive navigation solution is enabling users to reroute mid journey, calcite distance, suggest necessary speed and offer alternate shorter routes to reach the destination.

Automotive Navigation Solutions Market dynamics:

Automotive navigation solutions market volume sales is currently rising owing to sharp increase in demand from commercial heavy vehicles such as bus, trucks. Additionally automotive navigation solutions are now also being adopted for vehicles and machinery with application in mining. The use of automotive navigation solution is expected to increase significantly with the advent of autonomous cars since self-driving automobiles rely on the synchronized interaction of radar, GPS, Lidar, other sensors and technologies to cruise and ensure safe travel. Introduction of voice enabled assist technology in automobile navigation solution market along with integration of mobile application sensors is now gaining credible traction in the automotive navigation solutions market. However, additional cost of automotive navigation device and systems for installing and limited autonomous vehicle market is restraining the automotive navigation solutions market.

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Automotive Navigation Solutions Market segmentation:

Automotive navigation solutions market can be segmented by type of user segments, sales channel, Navigation Modes, Applications in Automotive Navigation Solutions and automobile type.

By type of User Segments, Automotive Navigation Solutions Market can be segmented as:

  • SPS – Standard Position Service
  • PPS – Precise Position Service

By sales channel, Automotive Navigation Solutions Market can be segmented as:

  • Original equipment manufacturer
  • Aftermarket

By Navigation modes, Automotive Navigation Solutions Market can be segmented as:

  • 3D Navigation
  • 2D Navigation
  • DGPS – (Differential Correction is available through the auxiliary Serial Ports)

By Applications in Automobiles, Automotive Navigation Solutions Market can be segmented as:

  • Car Navigations
  • Dynamic Vehicle Routing
  • Tracking Rental Cars
  • Monitoring High Risk Auto Loans

By Automobile type, Automotive Navigation Solutions Market can be segmented as:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Automotive Navigation Solutions: Regional Outlook:

Automotive Navigation Solutions Market can be segmented into different geographical regions such as North America, Latin America, Western and Eastern Europe, Asia-Pacific Excluding, Japan (APEJ), Japan, Middle East and Africa. Owing to sustainable automotive car and automotive spare sales North America, Western Europe, AEPJ and Japan are key markets for the automotive navigation solutions market. With relatively maturity attained in automotive sales in region of US and Germany, strong after sales service and product are anticipated to fuel the demand for the automotive navigation solutions market in these regions. Increasing vehicle density in Eastern Europe and APEJ is creating strong opportunities for automotive navigation solutions market participants. To address the increasing traffic congestion and efficiently manage traffic, the demand for automotive navigation solutions is escalating in economies such as Russia, Japan, India and China. Likewise key automotive navigation solutions market in Middle East & Africa and Latin America such as Brazil, Argentina, South Africa and Egypt among other countries that are expected to represent high potential markets during the forecast period owing to increasing automotive sales in the regions.

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Automotive Navigation Solutions: Key Players

The automotive navigation solution market is fragmented with a special concentration of players and participant from North America and Europe. However the automotive navigation solution market is expanding, and with increasing traction of the technology, the emergence of new participants from APEJ, ASEAN and Japan is anticipated. Some of the key players identified in the automotive navigation solution market among other participants are

  • NNG Software Developing and Commercial LLC
  • Telenav, Inc.
  • Pioneer Corporation
  • Alpine Electronics
  • Kenwood Corporation
  • Navis-AMS
  • DENSO
  • Mitsubishi
  • Harman International Industries
  • Panasonic Corporation
  • TomTom International BV

Asia Pacific Excluding Japan (APEJ) to Reflect High Market Attractiveness Spurring the Adoption of Temperature Controlled Pharmaceutical Containers During 2017-2026

Extensive research report on “Temperature Controlled Pharmaceutical Containers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2026)” by Future Market Insights unveils several vital insights on the global market for temperature controlled pharmaceutical containers.

The research study includes impact analysis of various drivers and trends along with restraints and opportunities that have an influence on the growth of the global temperature controlled pharmaceutical containers market. It also covers intelligence on key players operating in the market that can support upcoming businesses to gain hold in the global market in the coming years. In addition, the reader can gain high level insights with the actionable intelligence provided in this research report that can support the reader in slating and implementing new strategies to gain an edge over the competition in the changing dynamics of the global temperature controlled pharmaceutical containers market.

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The research report covers analysis on the application areas of temperature controlled pharmaceutical containers along with the market scenario of various form types and content types.

The research study offers historical data analysis, along with current market data as well as future market projections for a period of nine years, from 2017 till 2026. As per the analysis done in this research report, the global market for temperature controlled pharmaceutical containers is projected to expand at a exponential CAGR of 10.5% throughout the period of assessment to reach a valuation of more than US$ 7 Bn by the end of the year of forecast (2026).

Key Insights on Global Temperature Controlled Pharmaceutical Containers Market

The global market for temperature controlled pharmaceutical containers is segmented on the basis of control type, form type, application, content type and region.

  • In the region category, Asia Pacific excluding Japan (APEJ) is the most lucrative region for the growth of the temperature controlled pharmaceutical containers market. This region is marked with increasing developments in the pharmaceutical sector that has pushed the sales of temperature controlled pharmaceutical containers in APEJ. The temperature controlled pharmaceutical containers market in APEJ is estimated to touch a valuation of more than US$ 2,400 Mn by the end of the year of assessment, thus dominating the global market in the coming years. Europe region is the second most attractive region contributing to the growth of the global temperature controlled pharmaceutical containers market
  • By control type, both active and passive temperature controlled pharmaceutical containers are expected to witness similar adoption rate in the coming years across the globe, passive type temperature controlled pharmaceutical containers being a shade higher than the active ones. However, active temperature controlled pharmaceutical containers are estimate to lead the global market with a high market valuation by the end of the year of assessment (2026)
  • In the form type category, chest style segment is the largest with high market value as well as expected to grow at a relatively high rate during the forecast period. This segment is the most lucrative and is expected to witness increased adoption for pharmaceutical packaging in the years to follow
  • By application, chilled segment is expected to surpass other segments with a high market share and CAGR. This segment is projected to expand at a value CAGR of 12.4% during the period of forecast
  • With respect to content type, the vaccines /drugs and genetic material largely require temperature controlled pharmaceutical containers. These segments are expected to highly contribute to the revenue sales of temperature controlled pharmaceutical containers during the assessment period. Of these, the genetic material segment is poised to slate the highest CAGR

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Global Market for Temperature Controlled Pharmaceutical Containers: Competition Dashboard

The research report on global temperature controlled pharmaceutical containers market has included profiles of various key players operating in the market. Their detailed scrutiny with respect to product synopsis, development and innovation along with expansion strategies and SWOT analysis has been covered in this research report. Key players such as Xinapse Systems Ltd., Toshiba Medical Systems Corporation, Siemens Healthineers, Sciencesoft USA Corporation, ACH Foam Technologies LLC, American Aerogel Corporation, Inmark Packaging, va-Q-tec AG, Envirotainer Ltd., Cold Chain Technologies, Cryopak, Sofrigam SA Ltd., Pelican Biothermal and Sonoco Products Company have been included in this research study.

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

High Barrier Packaging Films for Pharmaceuticals Market Set for 5% CAGR Through 2029; Blisters Remain Top Application Area, Says a New FMI Report

Strongly buoyed by the expansion of pharmaceutical industry across the key economies, global market for high barrier packaging films for pharmaceuticals will witness a promising 5% CAGR during 2019 – 2029. The market is projected to especially flourish in China, India, and Mexico, as suggested by a new Future Market Insights (FMI) study. Advances in packaging technologies further foster the growth outlook of market.

High barrier packaging films are predominantly used in the pharmaceutical sector to pack and store a vast variety of medicines, owing to its superior oxygen and moisture barrier attributes. The FMI report highlights striking demand growth in bags, pouches and blisters categories, which assure high protection of pharmaceutical products.

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The growth outlook for the high barrier packaging films for pharmaceutical sector seems promising, owing to its excellent flexibility, longer shelf life and higher oxygen & moisture barrier characteristics. Furthermore, highly potential economies such as China and India are projected to offer lucrative opportunities to the manufactures as the demand for pharmaceuticals packaging solutions in these countries surges.

Key Takeaways from High Barrier Packaging Films for Pharmaceuticals Market Study

  • Application of high barrier packaging films in blisters is increasing at an exceptional rate, attributing to their unit dosing feature. They also provide high protection from contamination.
  • Leading packaging manufacturers operating in high barrier packaging films for pharmaceutical market are preferring plastic materials such as polypropylene (PP), polyvinyl chloride (PVC) and polyamide (PA) to design and manufacture high barrier packaging films.
  • East Asia and South Asia are set for a solid growth outlook in the high barrier packaging films for pharmaceuticals market, as key economies such as China and India are producing and exporting pharmaceutical drugs on a significant scale.
high barrier packaging films for pharmaceuticals market share by region

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Manufacturers Focus on Incorporation of Advanced Packaging Technologies

Flexible packaging manufacturers that cater to pharmaceutical companies are increasingly offering high-performance films that provide custom barrier properties for different types of pharmaceutical products in order to enhance their shelf-life. Generally, premium pharmaceutical products must be kept in specific environmental conditions to prevent product quality from deterioration.

Modified atmosphere packaging (MAP) or controlled atmosphere packaging (CAP), the emerging packaging technology advances, maintain the particular atmosphere inside product packages. High barrier packaging films with modified atmosphere packaging (MAP) and controlled atmosphere packaging (CAP) properties maintain the internal environment of the package and maximize the shelf life of the product. The increasing demand for MAP and CAP from pharmaceutical companies will create an influx of opportunities for manufacturers over the forecast period.

About High Barrier Packaging Films for Pharmaceuticals Market Report

In its new report, FMI offers an unbiased analysis of the global high barrier packaging films for pharmaceuticals market, analyzing historical demand from 2014-2018 and forecast statistics for 2019-2029. The report provides growth projections on the high barrier packaging films for pharmaceuticals market on the basis of product type (cold-formable films, coextruded films and thermo-formable films) material (aluminium and plastics) and application (bags & pouches and blisters), across seven major regions. Furthermore, the scope of the report focuses on high barrier packaging films for pharmaceuticals consume in the packaging industry.

For additional insights on how the growth of market will unfold over the course of projection, write to press@futuremarketinsights.com

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

Marine Propulsion Engine Market Emerging Growth Analysis, Future Demand and Business Opportunities 2027

Marine propulsion is the system or mechanism used to generate thrust that allows a small boat or even a ship to move across waterways. Modern ships are usually equipped with mechanical systems consisting of an electric motor turning a propeller, or even pump-jets or an impeller. These ships employ reciprocating engines as their main source of power because of their robustness, operational simplicity and lower emissions. The power required by a ship largely depends on the way it is used during regular operations – for e.g. – A passenger ship requires less power than either a trade or naval ship. The marine propulsion engine market serves offshore support vessels, commercial vessels, inland waterway vessels, submarines and more.

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Focus on renewable energy fuelling the marine propulsion engine market

A growing need for dependent and fuel-efficient ships is anticipated to be the main driver of the marine propulsion engine market. There has been rapid innovation in the industry that has led to the development of new high-performance engines that are more fuel-efficient than their predecessors. Leading companies in the marine propulsion engine market are continuously innovating and extending their product offerings to handle the growing demand for greater capacity handling. This is mainly due to a rise in international seaborne trade caused by a globalised world with heavy interdependence and interconnectivity.

The second major factor that is likely to impact the marine propulsion engine market is the focus on renewable energy sources. Global warming and an impending energy crisis are some of the biggest challenges faced by the world in the 21st century. Commercial and transport ships notorious for causing a lot of pollution and accidental oil spills not only damage the regional natural ecosystem but also negatively impact the company’s goodwill and market image. That is why energy sources such as solar energy, wind energy, electric energy and hydroelectric energy are becoming more important than ever before. The development of electric motors that can power ships and reduce fossil fuel consumption will definitely have a positive impact on the marine propulsion engine market. The depletion of shale gas and conventional reserves will increase the demand for LNG, particularly as a marine fuel.

Regulatory hurdles – the biggest challenge to the marine propulsion engine market

Uncontrollable CO2 emissions from conventional engine systems have led to the implementation of stringent environmental regulations and various taxes such as carbon tax to help reduce the impact of climate change. The marine pollution convention (MARPOL) regulations help prevent sewage, oil and chemical spill contamination along with air pollution caused by marine propulsion engine exhaust fumes. Non-adherence to these governmental rules and regulations may lead to severe penalties running into billions of dollars. This can stifle the growth of the marine propulsion engine market particularly as smaller domestic companies may not be able to comply.

Asia Pacific is the key marine propulsion engine market to watch

Asia Pacific accounts for a major portion of the marine propulsion engine market and is anticipated to maintain its dominance throughout the forecast period. This is primarily because of key nations China, Japan and South Korea that have become manufacturing powerhouses heavily dependent on external trade. China is already the world’s largest exporter and would naturally require a greater number of commercial ships, thus having a positive impact on the demand for marine propulsion engines. In addition to trade, countries across the world have begun beefing up their navies to combat ocean piracy. Asian navies, in particular, are rapidly building their defence capabilities and this should increase the size of the marine propulsion engine market across the Asia Pacific region.

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Marine propulsion engine market: key players

Some of the key players in the marine propulsion engine market are Caterpillar, Hyundai Heavy Industries Co. Ltd., General Electric Company, and Masson Marine.

Steel is the Most Popular Material Type in the Global Industrial Pails Market

Pails are a type of cylindrical containers that are usually made up of plastic or metal and are used in the storage of liquid or semi-liquid industrial products. There are various factors that are contributing to the expansion of global industrial pails market.

A major factor is the rapid growth of the chemical and pharmaceutical industries. Manufacturers in such industries want packaging solutions that are light in weight, are cost effective and also durable and strong for their bulk liquid packaging requirements. Due to this reason, industrial pails find significant applications in the chemical and pharmaceutical industries. In addition, there is a growing demand for paints, adhesives and coatings all across the world and this is another factor driving the market growth.

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The global industrial pails market is slated to reach a valuation of nearly US$ 9,300 Mn in the year 2026 and exhibit a moderate CAGR during the period of forecast.

4 Forecast Highlights on Global Industrial Pails Market

  • As per the forecast of Future Market Insights, the low density polyethylene material type segment is slated to touch a value of nearly US$ 650 Mn in the year 2026. This represents a moderate CAGR growth during the assessment period of 2017-2026. The low density polyethylene material type segment was estimated to account for nearly one-tenth of the revenue share of the material type category by the year 2017 and is expected to lose in market share by the year 2026 end.
  • As per the assessment of Future Market Insights, the 3 Gal capacity segment will reach a valuation of nearly US$ 1,050 Mn in the year 2026. This represents a moderate CAGR growth during the period of assessment. The 3 Gal capacity segment was estimated to account for more than one-tenth of the revenue share of the capacity category in the year 2017 and is expected to lose market share by the end of the year 2026.
  • As per the estimates of Future Market Insights, the agriculture segment is slated to reach a valuation of nearly US$ 310 Mn in 2026. The agriculture segment is expected to lose market share by the end of the year 2026. The largest share is contributed by the North America region in the agriculture segment.
  • Future Market Insights forecasts the US industrial pails market to grow from nearly US$ 1,200 Mn in 2017 to US$ 1,700 Mn in 2026. This represents a compound annual growth rate (CAGR) of 3.9% from 2017 to 2026.

Competition Landscape

The report has also profiled leading players in the global market for industrial pails, which will remain active through 2026. These include companies such as FDL Packaging Group, Grief Inc., Balmer Lawrie & Co. Ltd, SCHÜTZ GmbH & Co., Sonoco, Orora Packaging Australia Pty Ltd, Mauser Group B.V., Fibrestar Drums Ltd, Delta Containers Direct Limited and Industrial Container Services.

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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

However, the fluctuating prices of raw materials for the manufacturing of industrial pails are restraining the growth of the global industrial pails market. Besides, there are growing applications of industrial pails in the food and beverage, construction and mining industries, which are providing new opportunities for the global industrial pails market.

Transit Packaging Market expected to reach US$ 200,000 Mn & 5.5% CAGR through 2021-2026

A new research report of Future Market Insights has slated an above-average expansion for the global transit packaging market through the forecast period (2017-2026). Revenues from the market are poised to surpass US$ 200,000 Mn by 2026-end.

global transit packaging market
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Ecommerce Fulfillment Hubs Aggressive in Development & Implementation of Automation Systems in Warehouse & Logistics

Traditionally, material handling, shipping, and warehousing operations associated with transit packaging have been labor-intensive, burdening personnel costs and potential for injury, accident, and product damage. Currently, there is huge emphasis on accommodating human operators and human-operated equipment in the warehouse layout and design, which in turn will lead to optimum utilization of warehouse space and overhead volume.

There has been a rise in the incorporation of stock-picking robots and robotic forklifts that require relatively narrower aisles than the human-operated machines, thereby enabling safe manipulation of taller shelves, racks and pallet stacks. Ecommerce fulfillment hubs have become more aggressive in the development and implementation of automation systems in warehouse and logistics, which in turn is expected to reshape the market for transit packaging in the near future.

Surging trade activities coupled with robust demand for packaging from various end-use industries are driving complications in transit packaging management. This has further led toward the introduction and high adoption of the efficient fleet management systems for facilitating management of tracking & cleaning containers, maintenance activities, and fleet sizes, in order to deliver safe and efficient transportation of goods.

Soaring emphasis on the product safety during transportation has fuelled adoption of corrugated boxes, as they facilitate the process of recycling and are more sustainable for the environment. The environmental issues play a fundamental role in selection, business practices, and product design of transit packaging.

Prominent retailers currently demand for less wasteful and more efficient transit packaging solutions, with their motivation for using “greener” packaging materials rowing in tandem with the environmental sensitivities of players driving the market for transit packaging globally.

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Key Research Findings from the Report

  • Europe will account for the lion’s share of the market by 2026-end, succeeded by North America and Asia-Pacific excluding Japan (APEJ). Revenues from transit packaging market in Europe and APEJ are expected to increase relative faster through 2026. In addition, revenues from the market in North America and Latin America are projected to witness a parallel increase through 2026.
  • Polyurethane and paper & paperboard are expected to retain their position of being fastest growing packaging materials in the global transit packaging market. In contrast, sales of polyethylene and ethylene vinyl alcohol are expected to grow in parallel at the lowest CAGR through 2026.
  • On the basis of packaging type, cartons and containers are expected to lead the global transit packaging market, in terms of revenues. However, sales of wooden crates are poised to reflect a comparatively faster expansion through 2026.
  • Pharmaceuticals and third party logistics will prevail as fast-growing end use industries of transit packaging, with revenues collectively estimated to reach approximately US$ 55,000 Mn by 2026-end.

Occupancy of numerous local, regional, and multinational players has made nature of global transit packaging market fragmented, wherein regional players are increasingly competing against international players via provision of various innovative solutions at relatively lower prices.

International players are likely to retain their dominance in terms of quality, range of offerings, features, and cost. Wide scope for innovation is being highly sought-after by the market vendors, owing to surging demand from the food, fertilizer, pharmaceutical, and chemical industries.

An inorganic expansion is estimated for international players in the market through acquisition of local or regional players in the near future. FMI’s report identifies key players driving the market growth, which include Yinghua Plastic Products Co., Mondi Group PLC, Honeycomb Cellpack A/S, Deufol SE, Papier-Mettler KG, BEUMER Group GmbH & Co. KG, International Paper Co., Nefab AB, Eltete TPM Ltd, and SGS SA.

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Market Taxonomy

A segmentation analysis delivered in the report submits insights on the global market for transit packaging. The market is characterized based on end use industries, packaging type, material type, and region.

Analyses on the Y-o-Y growth comparison, market share comparison, and the revenue comparison in accordance with relevant market numbers has been delivered in this chapter. The global market for transit packaging has been divided regionally into Asia-Pacific excluding Japan, Europe, Middle East & Africa, Japan, Latin America, and North America.

 

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Material Type

  • Polyethylene
  • Polypropylene
  • Polyethylene Terephthalate
  • Polyvinyl Chloride
  • Ethylene vinyl alcohol
  • Polyurethane
  • Paper & Paperboard
  • Metal
  • Wood

Packaging Type

  • Cartons
  • Wooden crates
  • Containers
  • Corrugated boxes
  • Barrels
  • Intermediate Bulk Containers
  • Strapping
  • Other Packaging Type

End Use Industries

  • E-Commerce
  • Automotive
  • Building & Construction
  • Chemicals
  • Food & Beverages
  • Electrical & Electronics
  • Industrial Machinery and Equipment
  • Pharmaceuticals
  • Third Party Logistics
  • Consumer Goods

Metal to Remain the Most Lucrative Material Type and Witness High Demand in the Global Folding IBCs Market During 2022 – 2028

Global Folding IBCs Market: Overview

Flexible intermediate bulk container (IBC) is a reusable industrial container designed for the transport and storage of bulk liquid and granulated substances, such as chemicals, food ingredients, solvents, pharmaceuticals, etc. A new research report by Future Market Insights, titled ‘Folding IBCs Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028’ is a crystal clear overview of the global folding IBCs market during the forecast period. The report includes all the crucial details of the market dynamics and the trends prevailing in the industry.

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According to this comprehensive research report, the global folding IBCs market is expected to witness a rise in the demand for its products. Several advantages of folding IBCs is attracting many businesses and manufacturers. The folding IBCs are space efficient and are specially designed to improve handling, produce savings and also to address environmental issues for all hazardous and non-hazardous liquids.

The sides of folding IBCs can be folded inward when the unit is empty allowing the IBC to collapse into a much smaller package for return shipment or storage. Almost all rigid folding IBCs are designed in such a manner so that they can be stacked vertically one atop the other using a forklift.

The smooth interior and exterior surfaces of the folding IBCs reduce the opportunities for product contamination and allow for easy container cleaning. The market forecast depicts that the global folding IBCs market is expected to grow at a CAGR of 4.8% during the forecast period, reaching a market size of over US$ 520 Mn by the end of 2027.

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Global Folding IBCs Market: Segmental Analysis

  • Based on material, plastic material leads in terms of market size, with an expected market size of over US$ 430 Mn by the end of 2028. However, metal material for folding IBCs is expected to witness faster demand in the coming years. Metal is expected to lead in terms of CAGR with 5.1% during the forecast period.
  • On the basis of capacity, 500-1000 L capacity has the highest expected market share US$ 240 Mn by the end of 2027. In terms of CAGR, 1000-1500 L dominates the global market.
  • Based on packaging content, liquid segment is way ahead solid and semi-solids segment with a market share of over US$ 400 Mn by the end of 2028. However, solid and semi-solid segment is expected to reflect a higher growth rate of over 5.1% during the forecast period.
  • Among the various application areas of folding IBCs automotive and mechanical part is expected to witness the fastest growth during the forecast period. However, chemicals segment is the dominating segment in terms of market size and is also not much behind mechanical segment in terms of growth rate.
  • Based on region, APEJ is expected to reflect highest market share among all the major regions, with the highest demand for Folding IBCs by the end of the year of assessment

Global Folding IBCs Market: Competitive Landscape

There are a lot of companies in the global folding IBCs market that are considered to be great performers and also the key players of the market. Some of these key players that are mentioned in the report are Finncont Oy, Bulk Handling Australia Group Pty Ltd, A. R. Arena Products Inc., TranPak Inc., Brambles Group, ORBIS Corp., Dalian CIMC Logistics Equipment Co., Ltd., TPS Rental Systems Ltd, Loscam Ltd., Milford IBC, RPP Containers etc.

To know more about global folding IBCs market, reach the team of expert analysts at press@futuremarketinsights.com

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 he

APEJ expects to be the fastest growing regional market for confectionery packaging over the next decade

Future Market Insights has  published a new report titled ‘Confectionery Packaging Market:  Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027′  studying the performance of the  global Confectionery Packaging Market . The report presents value and volume forecasts of the global Confectionery Packaging market for a 10-year evaluation period from 2017 to 2027 and provides important insights into factors driving market growth and factors limiting market growth. 

According to an assessment by Future Market Insights, the global Confectionery Packaging market was valued at nearly US$9,200Mn in 2017 and is expected to reach a value of nearly US$13,200Mn by 2027, at a CAGR in the course of the forecast period 2017-2027. 3.7%.

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Anthropomorphic packaging to harness consumer appeal to pop culture characters driving market trends in North America

By incorporating the anthropomorphic designs of attractive and popular characters into their packaging, confectionery and candy brands have been able to attract children and fans of these popular characters. Creating candy packs in the shape of fictitious characters allows marketers to take advantage of the rise in popularity of these fictitious characters to convince fans to buy candy. 

The trend of anthropomorphic packaging is widespread in the market, with significant adoption of pop culture such as cartoons, action and adventure films, and other famous fictional characters. Domestic and international manufacturers of confectionery products regularly develop their products in the form of trend characters and develop sauce packaging tailored to the form of such products. developing,

Global Confectionery Packaging Market: Segmentation and Forecast

The global confectionery packaging market is segmented on the basis of confectionery type, material type, packaging type, and region.

  • By Confectionery Type, the  Chocolate Confectionery segment was valued at nearly US$4,100Mn in 2017 and is expected to reach a value of nearly US$6,100Mn in 2027, representing a CAGR of 4.1% during the valuation period. 2027.
  • By material type, the  metals segment was valued at nearly US$660 million in 2017. The plastic segment is expected to remain the most attractive material type during the forecast period owing to barrier properties such as moisture resistance. Packaging of sweets such as chocolate and gum.
  • By packaging  type, the flexible packaging segment was valued at nearly US$4,800Mn in 2017 and is projected to grow at a rate of 4.3% during the evaluation period.
  • By region, the  Western European Confectionery Packaging market is expected to reach a value of $3160 million in 2027, exhibiting a CAGR of 2.3% during the forecast period.

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Global Confectionery Packaging Market: Competitive Landscape

The report has outlined the key players operating in the global Confectionery Packaging market, including players such as Amcor Limited, Smurfit Kappa Group, Sealed Air Corporation, Bemis Company, Inc., Crown Holdings, Inc., and Berry Global. , Inc., Huhtamaki Oyj, Mondi Group, DS Smith Plc., International Paper Company, Sonoco Products Company, WestRock Company, Clondalkin Group Holdings BV, Schur Flexibles Holding GesmbH, Ahlstrom-Munksjö Oyj, Bomarko Inc., Printpack Inc., Stanpac Inc., MOD-PAC Corp. and Tomric Systems, Inc.

Contact Future Market Insights Analyst at press@futuremarketinsights.com for Additional Insights on Global Confectionery Packaging Market   .

About Future Market Insights Packaging

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