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Blow fill seal (BFS) technology is highly sought-after as a preferred packaging solution in pharmaceutical manufacturing. It utilizes a single integrated machine to produce formulated drugs aseptically without any human intervention. According to Future Market Insights (FMI), the BFS technology market is set to reach US$ 2.6 Bn by the end of 2021. Overall growth forecast remains positive for the market, especially as demand for effective packaging technology continues to rise across various industries.

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Unither Pharmaceuticals SAS, Catalent, Inc., Curida AS, Unipharma LLC, Weiler Engineering Inc, GlaxoSmithKline plc, Takeda Pharmaceuticals International AG, Nephron Pharmaceuticals Corporation, Horizon Pharmaceutical Inc, Brevetti Angela S.R.L, Recipharm AB, Laboratorios SALVAT, S.A, The Ritedose Corporation, Unicep Packaging, LLC, Pharmapack Co. Ltd, Amanta Healthcare Ltd., Automatic Liquid Packaging Solutions LLC, Asept Pak, Inc and SIFI Spa are some of the keyplayers in the blow fill seal technology market.

What is the Impact of Research and Development on BFS Technology Market?

The increasing application of blow fill seal technology results into a lesser requirement of labor. Additionally, the technology can help manufacturing companies to reduce a range of facility-related costs. This is made possible because the technology requires a smaller warehouse for storing materials and reduced utility consumption, which involves zero water for injection or washing requirement. The technology is capable of producing a very high equipment-effectiveness that results in a higher output for investment.

By using BFS technology, the plastic is blown, filled with the formulated product and sealed inside the machine continuously without any kind of external contamination. It is a fast, precise, and safe method for pharmaceutical filling and it uses lesser energy. The material used is often recyclable and more durable than glass. The machine is capable of producing different shapes according to the end user’s requirements. As BFS technology increases processing speed and supports contamination free packaging, this technology becomes a first choice of many end users.

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The BFS technology finds application across diverse industries. However, pharmaceutical industry remains its key end user. Main products produced using this technology are the bottles, ampoules, vials and pre-filled syringes, etc. which are used in filling of medicines, vaccines, ophthalmic, respiratory, injectable drugs, wound care, and biologics. Apart from this, BFS technology has applications in food & beverage, cosmetic and personal care, and many other industries.

Blow Fill Seal Technology Aids in Curbing Medical Non Adherence Issues

Over the past two decades, medical adherence has created a very critical situation for healthcare & pharmaceutical industry.

For instance: in USA, according to FMI study, it has been noticed that ~40%-50% of prescribed medications are not taken by the patients appropriately. Along with this, according to a study conducted by the Intercontinental Medical Statistics (IMS) health, it has been noticed that the matter of not taking medicine appropriately at right time is costing patients more than $200 Bn. Why is Blow Fill Seal Technology Gaining Traction?

There has been a rising demand for tailor-made and automated solutions, particularly from the developed countries. North America and Western Europe pharmaceutical industries are highly advanced and have been exhibiting a rising demand for biotechnology-derived drugs as well as new bio manufacturing formats

How is Demand for Unit Dose Packaging Affecting Blow Fill Seal Technology Market Growth?

Pharmaceutical packaging industry is witnessing a shift from conventional packaging types to more advanced pharmaceutical packaging forms. Innovation in packaging that can improve how patients manage their healthcare is also spurring the need for new packaging equipment

Blow fill seal technology is being adopted across the globe and it has been witnessing increasing demand from pharma sector in developing countries of Latin America and Asia Pacific for improvised medication. Unit-dose packaging, like syringes which are prefilled, are generating demand, which in turn is creating opportunities for blow fill seal technology in these regions.

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Key Questions Answered in the Report Which is the most lucrative market for blow fill seal technology?

The U.S. currently leads the global market for blow fill seal technology. Sales in the U.S. will be account for a considerable share of the global market over the coming decade. Which is the top-selling product associated with blow fill seal technology?

Prefilled syringes and injectable are highly sought-after in the blow full seal technology market. The demand for ampules is expected to grow at an impressive rate in the near future. Which sector is accountable for driving sales of blow fill seal technology?

Blow fill seal technology is increasingly used by the pharmaceutical sector. It will continue accounting for majority sales in the market between 2021 and 2031.

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

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

The global glass container market will exhibit 2.1% Y-o-Y growth in 2021, after contracting in 2020 due to disruptions caused by unprecedented COVID-19 outbreak. According to a new study by Future Market Insights (FMI), the near-term opportunities for the market will remain positive, especially as application in beverages packaging continues surging. The report also projected to market to surpass a valuation of US$ 81 Bn through 2031.

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Ardagh Group S.A., Amcor Limited, Consol Glass (Pty) Ltd., Owens-Illinois, Inc., Saverglass Group, BA Glass, Hindusthan National Glass & Industries Limited, Nampak Ltd., Wiegand-Glas GmbH, Vidrala S.A. are prominent players in the glass containers market.

Glass container sales are strongly influenced by demand in the alcoholic beverage industry since a majority of alcoholic beverages are filled in glass containers. Due to the aesthetic appearance that can be accomplished by the use of glass in manufacturing of containers and its reflective design, sales within alcoholic beverages segment is poised to surge considerably. Glass containers also enable the alcohol manufacturer to present the premium quality of the product to their target consumers.

COVID-19 Impact on Glass Containers Market

The COVID-19 pandemic has affected the packaging industry owing to the instabilities in the supply chain. While businesses across food and beverages sector reported sluggish growth, pharmaceutical industry continues exhibiting demand for effective packaging amid pandemic crisis. Consequently, the market for glass containers have seen a decrease in revenue in Q1 and Q2 of 2020. This is partly due to government restrictions imposed on manufacturing industries and outlets that serve food & beverages to contain the spread of the virus.

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What is the potential of lightweight glass containers?

Bottle weight reduction is the key focus of manufacturers. Thanks to modern technologies light weight glass bottles are easily available, which has been aiding in overall expansion of the market. Lightweight bottles minimize the use of raw materials and the expense of logistics. With focus on sustainability rising, manufacturers are increasingly aiming towards optimally using resources and curbing wastage.

Increasingly used as a versatile material in manufacturing of containers, glass can retain the original flavour of beverage inside without altering its taste or consistency. Glass containers are available on the market in a range of colours, shapes and sizes. It has been reported that about 23% of Anchor Glass Container Corp’s revenue, a major player in glass container manufacturing, comes from its product sales of craft beer glass packaging and 24% from mass-market beer glass packaging.

Sustainability and Reusability of Glass Containers Boosting their Applications

Glass containers are increasingly preferred for handling drinks, food, and prescribed drugs since they eliminate the risk of leaching toxic chemicals. Glass is a highly recyclable medium and has features that make it a highly desirable material for containers. Many environmental resources are protected by recycling and reuse. A glass container’s ability to maintain the strength, fragrance, and seasoning of items makes it a desirable choice for food and beverage packaging.

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How is Future Outlook for Glass Container in Comparison to Historical Pattern?

Consumption of glass container is strongly influenced by the alcoholic beverage industry since a majority of manufacturers sell alcoholic drinks filled in glass bottles. Alcoholic drinks comprise one of the most lucrative segments within the beverages industry, accounting for higher market share in terms of volume in comparison to other end-use applications. Demand for glass is augmented by the strong growth evident in the luxury packaging world, particularly in liquor and cosmetics.

 

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

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

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.

Increasing consumption of food items outside of home, particularly at food service outlets and institutional food service outlets have been fuelling the demand for reliable disposable cutlery solutions.

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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 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.

What are Prospects for Disposable Cutlery Sales in Future in Comparison to Historical Pattern?

Increasing emphasis on hygiene and easy product availability have resulted in high usage of disposable cutlery in end-use applications. Advantages such as recyclable nature, low cost, and appealing designs of disposable cutlery have been favoring their increasing use.

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.

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.

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Key Segments

Fabrication Process

Thermoforming,Die Cutting,Injection Molding

Cutlery Type

Wrapped Cutlery,Dispensed Cutlery

End Use

Food Service Outlets,Hotels,Restaurants & Cafes,Quick Service Restaurants (QSR) 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.

How are Growth of Home Delivery and Online Food Services Driving Disposable Cutlery Market?

Due to growing disposable income, changing lifestyles, and rapid urbanisation, particularly in emerging markets, consumer preference for takeaway or ready-to-eat food is rising. In addition, the corporate work culture contributing to out-of-home eating habits is also strengthening the market for single-use cutlery disposables for food service.

Why Consumers are Preferring Wrapped Disposable Cutlery?

Conventionally, dispensed cutlery has been prominently used in the end use application such as food service outlets, institutional service outlets and in households. However, from last few years and emergence of COVID-19 pandemic, wrapped cutlery products are majorly preferring by consumers, due to associated risk of health and hygiene. Wrapped cutlery in form of individual packets or in dispensers, assure the high level of hygiene on the table tops.

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Why Key Players Are Eyeing on China Market?

As per FMI, China disposable cutlery consumption is increasing at a high pace. Local players and consumers, alike, have been showing increasing inclination towards bamboo based cutlery, which are easy to degrade and reduces carbon impact. Furthermore, the government in China has recently unveiled its five year plan, in which it has expressed its intent to ban single use plastic products and containers such as plastic bags, tableware, and many other. This will have significant impact on increasing production and sales of wood based cutlery in coming decade.

 

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

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

 

Paper Cups Market is expected to surpass US$ 9210 Mn in 2021, at a CAGR of 4.5% between 2021 and 2031.Amidst banning of single use plastics across the globe and growing efforts to eliminate plastic from packaging has led to emergence of paper based packaging items as a feasible solution. This has lead to adoption of paper cups in food service industry over past few years.

Increasing focus on developing recyclable, biodegradable and plastic free cups, high demand for packaged foods and incorporation of disposable products in online food delivery services will further accelerate the market growth.

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FMI states that North America paper cups market will expand at 3.7% CAGR throughout the forecast period owing to high production and export of paper cups from U.S. along with the increasing demand from fast food joints in the region.

How is Changing Lifestyle Influencing the Paper Cup Demand?

Increasing consumption of beverages and fast food due to busy lifestyle in most of the cities in developed countries has led to the emergence of new coffee shops and fast serve restaurants. This trend is gradually penetrating in developing regions.

Surge in population along with increasing per capita income in developing nations has boosted the fast food and beverage market. Evolving lifestyle and establishment of fast food restaurants in middle-income and developed countries will emerge as a chief driver of paper cup sales.

Paper cups are cheap, eco-friendly and very hygienic. This has resulted in increased demand for paper cups in take-away and food delivery applications. Heightened awareness regarding harmful nature of single use plastics on environment has promoted the development of disposable packaging solutions to reduce carbon emission, increase recycling and better waste management.

Presence of fast food giants and rising awareness in western countries regarding harmful effects of plastic has boosted the adoption of paper cups in such region. Market players are emphasizing on penetrating emerging economies of Asia and Africa due to surge in opening of fast food joints, rise in millennial and working population and soaring popularity of dining out in these countries.

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Key Segments Covered in Paper cups Market Study

Cup Capacity:

Up to 150 ml,151 to 350 ml,351 to 500 ml,Above 500 ml

Cup Type:

Cold Beverage Cups,Hot Beverage Cups

Sales Channel:

Supermarkets,Distributors,Departmental Stores,Online Sales

End User:

Food service,Institutional,Households

“Implementation of strict regulations on plastic waste generation WILL drive the sales of paper cups to reduce pollution. Rising demand for disposable and biodegradable packaging to cater to busy lifestyle will boost the paper cups market growth throughout the forecast period,” says the FMI analyst.

Country-wise Analysis Why Is U.S leading the Paper cups Market?

Stringent government policies regarding usage of plastic packaging, increasing paper recycling activities and presence of leading fast food chain in the country will boost the consumption of paper cups across the U.S.

As per the U.S. Environmental Protection Agency’s report, more than 292 million tons of municipal solid waste (MSW) was generated in 2018. Around 69 million tons of total generated MSW was recycled and 25 million tons was composted.

Table Of Content

1. Executive Summary

1.1. Global Market Overview

1.2. Analysis and Recommendations

1.3. Wheel of Opportunity

2. Market Overview

2.1. Market Definition

2.2. Market Taxonomy

3. Paper Cups Market Demand and Pricing Analysis

3.1. Historical Market Volume (Mn Units) and Value (US$ Mn) Analysis, 2016 – 2020

3.2. Current and Future Market Volume (Mn Units) and Value (US$ Mn) Projections, 2021 – 2031

3.3. Y-o-Y Growth Trend Analysis

3.4. Pricing Analysis By Cup Capacity

4. Market Background

4.1. Global Packaging Market Outlook

4.2. Global Food Service Packaging Market: The Benefits

4.3. Foodservice Packaging Legislations

4.4. Top Quick Service Restaurants

4.5. End User Preference Findings

To be Continued…

 

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Rising popularity of vending machines in North America and European nations and development of intelligent vending machines for better customer experience will increase the sales of paper cups throughout the forecast period.

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

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

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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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.

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.

 “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. 

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.

Demand for Effective Transportation of Large Volume of Liquid Driving Growth

The increasing production of manufacturing and industrial sector is one of the major factors augmenting sales of steel drum. The low manufacturing cost in developing economies such as India and China has led key players of various end-use industries to move their production facilities and expand their market in the South & East Asia. This will lead to growth in trade volume in the region. Also, East and South Asia will emerge as a global trade hub, increasing opportunities for the global steel drum market.

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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 Expansion of Paints, Inks, & Dyes Industry Pushing Steel Drum Sales

Steel drums usage is rising in shipping and storing of liquid materials such as paints, inks & dyes. They are considered the most suitable rigid packaging solutions for transporting hazardous and non-hazardous material especially liquid material. Also, steel drums are easy to handle and are considered more effective for storage.

The paints, inks, & dyes industries demand safe and secure packaging solutions for their product protection. As per the American Coating Association, almost half of the coating and paint products are regulated by the U.S. Department of Transportation’s (DOT) modal regulations and are required to meet the criteria for hazardous materials.

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Furthermore, handling of IBCs is easier than steel drums as they are attached to the pallets from the bottom. IBCs have the capability of draining completely, while steel drums it is not possible as the residue is left at the bottom. Another important factor, which limits the market growth of steel drum is corrosion resistance power. The steel drums do not have corrosion resistance capability which increases the chances of contamination.

 

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

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

Sachet packaging market is expected to reach a valuation of 8.7 Bn in 2021. With increasing demand for small-sized and convenient packaging solutions, the sachet packaging market is set to experience a year-on-year (YoY) growth rate of 5.4% in 2021.

Key Companies operating in the sachet packaging market are focusing on organic growth strategies such as product launches and product approvals. They have adopted various strategies such as mergers and acquisitions, advanced product development and collaborations to gain a competitive edge in the market.

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For instance, in July 2021 Uk-based companies Unilever and Mondi jointly developed aluminium-free, recyclable paper-based packaging for Colman’s meal maker and sauces range. The high-barrier packaging material replaces the previously used multi-material laminate with 85% paper content.

Similarly in June 2021, Amcor introduced high barrier plastic sachet for powered chocolate in Columbia. The high barrier sachet is specially designed to protect the powered chocolate against ambient humidity. It also reduces the carbon footprint by 53%.

“Launching small-sized, one-time use product sachets has helped brands survive the retail revolution over the recent years. With technology innovations in packaging machinery are making a strong attempt to overcome the longstanding drawbacks facing the packaging industry, such as poor productivity, the FMI study finds that sachet packaging is rapidly emerging as a way to increase profit margins, as it requires lesser volumes to be filled in packages”.

Manufacturers Eyeing Emerging Economies

Nearly 70% of the world’s population makes less than US$ 10 per day. Therefore, brands across the globe see it fit to reduce pack size and quantity to successfully penetrate the markets across all income categories.

Opportunities in Pharmaceutical Packaging Hinting Positive Prospects

The sachet packaging market is likely to expand at a CAGR of ~5.8% over the course of next eight years. First-time buyers have been the primary target for manufacturers selling products in small-sized sachets, according to the report. Furthermore, as modern consumers continue to develop interest in functional packaging, several brands are incorporating sachet packaging into their product marketing strategies, emphasizing increased number of trials and promotions.

Opportunities abound for sachet packaging market players in low-income countries, as retailers in these nations are adopting the small packaging trend over bulk packaging, target untapped consumer population. A growing focus of companies on increasing accessibility and affordability of products to ultimately penetrate new markets, has been significantly favoring the demand for sachet packaging.

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Key Segment:

By Pack Size

1 ml – 10 ml,11 ml – 20 ml,21 ml – 30 ml, Above 30 ml

By Packaging Machinery

Vertical Form-fill-seal Machines (VFFS),Horizontal Form-fill-seal Machines (VFFS) The study identifies restraints that could possibly create a hindrance in the growth of sachet packaging market. Single unit packages give access to high quality products at low prices and allow brands to gain significant profit and market share. However, they have become a waste nightmare, filling landfills and oceans. Several ‘zero-waste’ groups have been promoting innovative solutions to brands to replace sachets, while huge section of demographic in developed regions in North America and Europe continue to prefer bottles and large pack sizes.

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Key Factors Shaping the Sachet Packaging Market Plastic, the Most-Preferred Material in the Sachet Packaging Market

Despite the intolerance for plastic use, plastic is a widespread material type used for sachet packaging, due to its high acceptance among manufacturers. Usually, PET is used to provide strength by acting as a barrier.

The layer being printable, also plays a key role in brand advertising and promotion, making it the most preferred material choice for sachet manufacturers. Polyethylene is anticipated to be the most used material for sachets owing to its lightweight and high tensile strength as compared to other plastic materials.

 

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

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

The recent past has observed significant increase in the number of foodservice restaurants. This would remain among the leading factors driving consumption of straws at a global level. After bans on using single-use plastic straws, manufacturers are offering straws that can decompose and have less impact on the environment. Consumption of straws is anticipated to increase owing to increasing fast food outlets and consumption of alcoholic and non-alcoholic beverages.  On the back of these factors, the straw market is projected to expand at a strong CAGR of nearly 7% during the forecast period (2019 – 2029).

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E-catering and Online Foodservice Platforms to Propel Straw Market Growth

Online foodservice platforms are providing convenient delivery at low costs, along with efficient packaging solutions, which is fueling worldwide sales of straws. Changing consumption pattern from offline to online sales channel in the F&B industry is anticipated to drive the straw market growth. Increasing number of fast food outlets and restaurants are also anticipated to create huge demand for straws in coming years.

Rising Consumption of Compact Beverage Packages

To ensure consumers’ convenience and hygiene at workplace, brand owners and corporates prefer straws along with tetra packs. Manufacturers directly provide packaged products to convenience stores and retailers. Consequently, the demand for packaged beverages is expected to fuel the straw market growth in coming years.

Rising Consumption of Compact Beverage Packages

To ensure consumers’ convenience and hygiene at workplace, brand owners and corporates prefer straws along with tetra packs. Manufacturers directly provide packaged products to convenience stores and retailers. Consequently, the demand for packaged beverages is expected to fuel the straw market growth in coming years.

In 2017, total consumption of fruit juices & nectar in the European Union accounted for revenues that roughly equated 9 billion liters, in which Germany accounted for around 25% of it. According to UNESDA, soft drinks can be a part of healthy and balanced lifestyle, which add values to production and marketing of soft drinks, eventually increasing the consumption of straws in the region.

Enhanced Production Capabilities Translating into More Opportunities

Europe is anticipated to be one of the key regions that focuses on reducing usage of single-use plastic straws by replacing them with other reusable and biodegradable straws. This can create huge growth opportunities for manufacturers in the straw market.

Key Developmental Strategies and Competition Trends

Leading players are focusing more on product launches, mergers, and collaborations to expand their production capabilities. Key participants in the straw market are focusing on adopting business models and growth strategies in synchronization with biodegradability of straws. For instance, Hay Straws, a US-based manufacturer, offers straws that are made of wheat by products.

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Sustainable Straws – A Differentiating Strategy

As single use plastic straws are subject to regulatory backlash, key market players are turning to sustainable material choices such as metal, glass, bamboo, and paper. Although these eco-friendly alternatives are relatively expensive than plastic, they minimize the environmental impact and promote sustainability in the market. Paper will continue to gain higher traction than its glass and metal counterparts owing to the relatively low price point.

How Growth will Unfold

Foodservice industry would remain the key revenue generator for straw market players, reaping profits of around US$ 5 Tn by the end of 2019. Sales of straws in bars, lounges, and hotels will contribute a major share, whereas that in restaurants and motels will witness remarkable growth in the near future.

Cafes, on the other side, have been registering maximum annual growth in straw sales over the recent past. They are thus being perceived as an attractive revenue pocket for straw manufacturers. Demand growth in the institutional sector, especially in corporate environments, also appears positive. Manufacturers will further tap white spaces in the educational and healthcare industries for better returns.

The global straw market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Product

Plastic,• Bamboo,•   Metal,•       Paper,•       Glass,•        Silicone,•    Others

Straw Length

<9 cm,• 9-15 cm,•   16-20 cm,• >20 cm

Sales Channel

Manufacturers, • Distributors,• Retailers,•  E-retail

End Use

Foodservice,• Institutional,•      Households

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Straw Market – Key Trends Shaping Competition

Manufacturers in the straw market are adopting collaboration strategy to expand their global reach. Leading players are offering wide range of options for straw consumers, such as collapsible straws, biodegradable straws, recyclable straws, reusable straws, and straw (Hay) straws.

Product Launch

A new entrant in the straw market, Final Straw, which is a straw manufacturer, came up with a product ‘Collapsible Straw’. This can be folded and carried with a keychain, and is also reusable.

Straw manufacturers should focus on investments in novel material combinations to enhance the quality of straw, along with taking recyclability into consideration. Furthermore, small and medium scale players in the global straw market should augment investments in marketing through online foodservice platforms to establish themselves as a brand.

 

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

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Molded fiber pulp packaging will gain traction due to the expanding application in the food and beverage industry. The sales of molded fiber pulp packaging is expected to grow at a CAGR of 5.1% between 2021 and 2031.

In 2021, the U.S. market is expected to register 4.2% year on year growth after a period of sluggish sales on account of COVID-19 induced restrictions. Across North America, the total sales of molded fiber pulp packaging will reach US$ 1.3 Bn by the end of the year.

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Top players include but are not limited to Huhtamaki Oyj., Pactiv LLC, Brodrene Hartmann A/S, Henry Molded Products, Inc., ESCO Technologies Inc., UPF Technologies, Inc., ProtoPak Engineering Corporation and Celluloses De La Loire are the top players operating in the Molded Fiber Pulp Packaging market.

Molded fiber pulp packaging is accepted worldwide in protective packaging applications which provide excellent cushioning and vibration dampening properties. Applications of molded fiber pulp packaging in logistics, cosmetics, healthcare, and automotive sectors are growing rapidly.

The disruption in supply chains during the COVID-19 outbreak and the resultant restrictions have negatively impacted sales. Expansion of the food & beverage industry and the rising demand for consumer goods will generate ample growth opportunities to manufacturers in the near future.

Key Points Covered in Molded Fiber Pulp Packaging Market Study Market estimates and forecast 2015-2031,Key drivers and restraints impacting market growth,Segment-wise, Country-wise, and Region-wise Analysis,Competition Mapping and Benchmarking ,Market Share Analysis, Key Product Innovations and Regulatory Climate

By Molded Pulp Type:

Thick wall, Transfer Molded, Thermoformed Fiber, Processed Pulp

By Application:

Primary Packaging, Secondary Packaging, Edge Protectors

By End Use:

Consumer Durables,Food & Beverage

 

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The consumption of molded fiber pulp packaging is expected increase exponentially, as recyclable and reusable materials become coveted by leading manufacturers. Efforts to ensure safety compliance and industry standards will positively influence growth.

“The global molded fiber pulp packaging market is driven by surge in demand for sustainable packaging solutions with protective packaging characteristics. These solutions also are considered ideal for logistics and transport,” says an FMI analyst. 

Besides this, the market is expected to gain from implementation of impulse drying as a commercially viable option. The technique also helps in reducing the overall cost of manufacturing and energy consumption. The use of such advanced techniques is a noteworthy trend aiding expansion of the molded fiber pulp packaging market.

The use of 3D printed mold tooling also has emerged as a prominent trend. The use of such tools not only reduces the cost of operations, but also reduces the procurement timeframe significantly.

 

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Stringent Regulations Will Support Molded Fiber Pulp Packaging Sales

As concerns regarding packaging waste continue to soar, regulatory bodies have implemented stringent measures to curb the use of single-use plastic. This has proven to be a boon for the molded fiber packaging industry.

Manufacturers are discouraging the use of foam (EPS) in a variety of food and food service packaging services. Nearly a dozen U.S. cities including Washington DC, Seattle, and New York, have banned or taxed the use of polystyrene single-use products.

Thus, the molded pulp packaging industry is projected to have robust growth in these markets as regulatory bodies continue to discourage single-use plastics.

 

How is Demand for Primary Packaging Affecting Growth?

Molded fiber pulp, a widely accepted material for primary packaging and has found application in protective packaging due to its superior vibration dampening and cushioning properties. Packagers operating in the molded fiber pulp packaging market are producing trays, shipping dunnage, and outer packaging, creating a broad scope of application.

 

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

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