Market Research Blog – Page 15272 – New Product Development

Heat Transfer Films Market to Witness a Healthy Growth by 2028

The textile industry dominates global market for heat transfer films with the highest demand as well as consumption. In light of this, U.S.-based manufacturers are increasingly augmenting R&D investments in a bid to develop efficient and low cost PU or PVC blends for heat transfer films manufacturing.

Manufacturers are also acquiring international certifications such as EN ISO 20471, CSA-Z96-02, ANSI/ISEA 107, AS/NZS 1906 and OKEO-TEX 100 to showcase their manufacturing excellence, product quality, and safety standards.

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Competition in the U.S., APEJ, and South Asia is relatively higher among the players operating in these regional markets.

The intensity of competition in U.S. heat transfer films market is very high due to the low cost imports of heat transfer films from Germany, Korea, China, and some of the countries in South Asia. The manufacturers in South Asia enjoy access to cheap labor, low raw material prices, easily available raw materials, and major textile markets.

Moreover, the vendor landscape is undergoing a vast change owing to the U.S. Government’s initiative to protect domestic manufacturers. Manufacturers in the U.S. are entering new joint ventures, forming subsidiaries, and collaborating with manufacturers in South Asia to stay competitive.

APEJ has a large number of SMEs that are already selling at cheaper rates. Consequently, the market expects fierce competition among key players across all these regions in next few years.

According to the report published by Future Market Insights (FMI), the global heat transfer films market is expected witness a CAGR of 5.7% from 2022 to 2028. The market is projected to touch US$ 3,259.6 Mn by the end of 2028 from a valuation of US$ 1,793.0 Mn in 2017.

Vinyl Printed and Glossy Sportswear to be Preferred Highly by Millennial Population

Increasing health awareness, and growing participation in sports and fitness activities is driving the sportswear industry, providing an indirect boost to heat transfer films market. Premium sportswear brands are gradually adopting glossy and metallic heat transfer films to print logos and graphics on T-shirts and other garments.

Women sportswear manufacturers are actively using heat transfer vinyl, which are especially vented, glossy, and metallic. Vented heat transfer vinyl films provide breathing or air circulation to garments.

Augmented adoption of activities such as surf boating, community marathons, and swimming is driving significant demand for surf clothing and swimwear.

Glossy and metallic films are extensively used in sales and promotional activities, to print point of purchase displays and banners. Using this type of vinyl makes the devices look more attractive and eye-catching, escalating the demand.

Heat transfer printing is driving the textiles and apparels sales. A burgeoning trend of printing on textiles and apparels is currently driving the textile industry.

Tech savvy millennial prefer better quality, yet inexpensive textiles. Changing purchasing patterns of millennial puts forth the need for a large variety of appealing designs on textiles on both online and offline platforms, which will in turn supplement the sales.

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Rising Labour and Manufacturing Costs to Impact Production

The cost of both labor and manufacturing in the U.S. is increasing rapidly, drastically influencing the production of materials. Strict governmental regulations on minimum wages and other labor protection laws have led to higher investment at the cost of declining profit margins. Strict environmental guidelines and industry standards have resulted into growing investments in facility up-gradation. High raw material costs and volatility of raw material prices have been negatively impacting manufacturers in the U.S. Heat transfer film industries need low cost-unskilled labor for a majority of their operations, which currently seems to be unfeasible. However, manufacturers are addressing this issue with employing cheap labor and purchasing low-cost raw materials from Asia.

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

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Molded Fiber Pulp Packaging Market to Grow at Robust 5.1% CAGR by 2031

Molded fiber pulp packaging will gain traction due to the expanding application in the food and beverage industry. As per a study by Future Market Insights (FMI), the sales of molded fiber pulp packaging is expected to grow at a CAGR of 5.1% between 2021 and 2031.

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.

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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.

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.

By using molded fiber pulp packaging, marketers and retailers are able to meet the demand for sustainability and durability. This has captured consumer attention and has contributed to the adoption of molded fiber pulp packaging in the durables segment.

Clamshell containers are the most widely used product type in the molded fiber pulp packaging market as they are considered ideal for stacking applications in multiple end use verticals. Molded fiber pulp packaging provides resealing and re-usability characteristics, driving up the scope of sales for the foreseeable future.

Key Takeaways from Molded Fiber Pulp Packaging Market

Trays are estimated to hold more than 34% of the market share by 2031, owing to wide scope of applications and superior durability.
In North America, the U.S. has emerged as a mature market owing to the presence of major food & beverage manufacturers. It will register incremental opportunity of US$ 774.1 Mn.
Transfer molded pulp products are expected to expand at a CAGR of 5.4%. This pulp type offers manufacturers a better recyclable and responsible alternative to plastic.
China leads Asia Pacific excluding Japan and is expected to reach a valuation of US$ 2.2 Bn in 2031.
The U.K. will dominate Europe, surpassing Germany to reach 21% of the value share by 2031. Growth in the U.K. will be supported by investments in research, and positive prospects for imports.

“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.

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.

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Who is Winning?

Leading players in the molded fiber pulp packaging market are largely focused on production development and capacity expansion strategies. Key players contribute approximately 20-30% of the global market.

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.

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Digital Printing Packaging Market Prospects and Growth Assessment 2031

Future Market Insights delivers vital insights on the digital printing packaging market, in its published report, which includes global industry analysis during the forecast period 2021-2031

In terms of revenue, the global digital printing packaging market is projected to expand at a CAGR of ~6.5% during the forecast period, owing to numerous factors, regarding which, FMI offers thorough insights and forecasts in this report.

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Quicker Turnaround Compelling Adoption

Digital printing packaging is a type of printing technology, which predominantly prints packaging materials by using electronic control laser and ink jet printers.

Digital printing packaging also reduces turnaround time as it requires minimal press setup. Furthermore, digital printing packaging provides quicker response time for printing as compared to the conventional printing technique.

Application of digital printing technology for short print runs with customized marketing communication in packaging, offers benefits to print service providers and packaging converters in the form of controlled inventory levels. This makes digital printing packaging desirable for high-quality graphic packaging applications.

The global digital printing packaging market has been segmented on the basis of print technology type, product type, and end use.

The global digital printing packaging market is anticipated to expand 2x in terms of volume by the end of 2031.

Europe Being Touted As A Highly Profitable Market

North America holds more than 1/4^th share of the global digital printing packaging market, and is estimated to uphold its eminence in the global market.

China is also one of the leading manufacturers of digital printing packaging solutions and accounts for more than 10% of the global market.

In the South Asia region, India has emerged as one of the key markets for digital printing packaging. Owing to the presence of several unorganized players, the Asian digital printing packaging market has developed as a competitive market and is anticipated to expand at a considerable rate during the forecast period.

Though a matured market, Europe represents a substantial incremental opportunity for the digital printing packaging market. This can be attributed to the upsurge in demand for aesthetic printing solutions in the region.

By Print Technology Type:

Liquid Toner Electrophotography Printing
Nano-graphic Printing
Inkjet Technology
Others (Dye tonner)

By Product Type:

Labels
Flexible Packaging
- Films & Wrap
- Bags & Sacks
- Pouches & Sachets

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Label and tape manufacturers usually prefer short printing runs to digitally print packaging solutions.

Furthermore, digitally printed folding cartons are widely used in several end-use industries such as food, beverages, personal care & cosmetics, etc., which is driving the growth of the digital printing packaging market.

In Europe, the UK is expected to witness high growth in the digital printing packaging market, while Germany is anticipated to be prominent, in terms of market value share and incremental opportunity both, in the European market.

The digital printing packaging market is expected to benefit the most from the demand produced by label and tape applications.

In 2019, the U.S. is expected to be prominent in the North American digital printing packaging market with more than 90% value share.

Moreover, Canada is anticipated to witness growth of more than 5% in the North American digital printing packaging market during the forecast period 2021-2031.

Key market players that have been profiled in the report on the digital printing packaging market include HP Inc., Landa Corporation Ltd, Xeikon N.V., Mondi Group, Eastman Kodak Company, Quad/Graphics, Inc., Reynders Label Printing, Tailored Label Packagings, Inc., DS Smith Plc, Creative Labels Inc., Traco Manufacturing, Inc., Thimm Group, Elanders, Ws Packaging Group, Inc., and Colordruck Baiersbron, among others.

Several unorganized and regional market players are anticipated to contribute to the global digital printing packaging market during 2021-2031.

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Protective Packaging Market to Garner Brimming Revenues by 2031

Protective packaging solutions are predominantly used in industries to protect industrial and non-industrial goods from magnetic influences, vibration, shock, and electrostatic or atmospheric damage. According to a recent FMI report, the protective packaging market will surpass a valuation of US$ 26.5 Bn in 2021, exhibiting a CAGR of 4.8% between 2021 and 2031.

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The rising emphasis of manufacturers on safe and secure transportation of fragile and non-fragile products to reduce unnecessary maintenance and shipping costs is propelling the sales of protective packaging solutions in the market.

Additional benefits of protective packaging such as moisture and air barrier properties with high-level customization are driving market growth. FMI predicts that future demand and sales of protective packaging solutions will witness an upwards trajectory. Pivotal factors such rising output from the manufacturing sector coupled with swift penetration of transport and logistics worldwide is accelerating the growth of the protective packaging market substantially.

The COVID-19 pandemic and its global impact has adversely affected the global protective packaging market. Stringent and complete lockdowns in American, European and Asian countries resulted in a decline in the supply and sales of protective packaging solutions.

Fluctuation in demand from various end use industries has created negative impact on the demand of protective packaging solutions. The demand for protective packaging solutions will be sluggish for the next two quarters of 2021 as various countries across the globe are witnessing a new wave of the COVID-19 pandemic. Nevertheless, demand for protective packaging solutions will gain traction in the later part of 2021 as industries recover rapidly with adequate precautionary measures.

Key Takeaways from Protective Packaging Market

Flexible protective packaging is leading the market and is projected to hold more than 65% of the value share during the next decade, supported by improved flexibility in logistics.
Plastic is a widely used material for producing a wide range of protective packaging solutions. It is projected to witness incremental opportunity of US$ 7.9 Bn during the forecast period.
The U.S. is a dominant market, accounting for more than 88% of the North America market. It is driven by strict packaging standards and regulations in multiple industries.
Germany will remain a dominant market in Europe, accounting for over 22% of the regional market share, supported by the presence of an active manufacturing sector.
China and India are high potential markets reflecting a 7.5% and 9% CAGR through 2031 respectively. These markets are supported by wide consumer bases and manufacturing sectors.

“Recent developments aimed at encouraging faster conveyance of heavy and light duty goods with precise and safe packaging solutions is fuelling the popularity of protective packaging offerings among end users. Evolving preferences of industry players as they exhibit higher focus on sustainability and paper-based corrugated packaging solutions are anticipated to create new growth avenues for protective packaging manufacturers,” says the FMI analyst.

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Protective Packaging Solutions Prevent Damage to Fragile Cargo

Handle with care warnings are displayed on fragile cargo as there is little margin for mistakes and mishandling. Fragile goods and items are oddly sized and fragile in nature, requiring a customized packaging solution to ensure safe and secure transportation.

Shipping and cargo industries employ protective packaging solutions for bracing of cargo, damage prevention, and securing products during transit. Protective air pillows, dunnage bags, shipping containers, mailers and more are designed to reduce the impact of jerky movements and to preserve the integrity of industrial goods including delicate items.

Lightweight protective packaging solutions are preferred for loading fragile goods. Products and goods with high importance are also included in the fragile category as it is necessary to protect and deliver them undamaged. Rising demand for such resilient yet easy-to-use packaging solutions for safe and secure shipments is propelling the protective packaging market.

Who is winning?

The Tier 3 players in the fragmented protective packaging market hold 75-85% of the overall market share. In conclusion, key players contribute almost 15-25% of the global market. Product development efforts coupled with capacity expansion strategies are likely to gain interest of major players in the market.

Sealed Air Corporation, Smurfit Kappa Group, DS Smith Plc, WestRock Company, Sonoco Products Company are the top players operating in the protective packaging market. Furthermore, Greif, International Paper Company, Cascades Inc, Schur Flexibles Holding GesmbH, Winpack Ltd, Crown Holdings Inc are also the noticeable players in the protective packaging market.

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Temperature Controlled Packaging Solutions Market Estimated to Expand at a Robust CAGR By 2030

Rising demand for efficient transportation of perishable food products across remote geographies, coupled with elongating supply chains incorporating multi-modal supply routes, requires optimal temperature handling for longer durations. This has resulted into increased sales of temperature controlled packaging solutions across all geographies, especially insulated containers. This is attributable to their high suitability for packaging perishable and temperature-sensitive products.

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On the back of these factors, the global temperature controlled packaging solutions market is projected to register an impressive CAGR of over 8% during 2020-2030.

Key Takeaways of Temperature Controlled Packaging Solutions Market Study

Food & Beverages industry holds a majority of the market share in the global temperature controlled packaging solutions market, closely followed by the healthcare industry. The high demand from this industry is mainly driven by the rising consumption of perishable food products, which require insulated containers/bins coupled with a refrigerant for proper transportation.
The chilled segment is projected to retain its prominent position and account for nearly 43% of the global temperature controlled packaging solutions market by 2030. This is attributable to the growing need for efficient temperature controlled shipping solutions for pharmaceuticals as well as food products.
Passive temperature controlled packaging solutions are largely preferred over their active counterparts, as passive solutions are relatively economical, easy to handle, and dispose.
The insulated containers segment has been identified as the most lucrative segment in the global temperature controlled packaging solutions market. This can primarily be attributed to the increasing consumption of meat, fish, seafood, and other perishable products, globally.
South Asia and East Asia are estimated to cumulatively hold more than 30% of the share in the global temperature controlled packaging solutions market by 2030. The demand for insulated shippers for cold chain packaging is likely to remain moderate in the region, while that for packaging of perishable foods is likely to remain strong in the foreseeable future.

“Leading pharmaceutical manufacturers demand effective packaging formats for biologics and specialty drugs, as such products are extremely temperature-sensitive and any compromise in handling them can significantly affect product efficiency. This is expected to present remunerative growth potential for all participants of the supply chain in the global temperature controlled packaging solutions market.”

Temperature Controlled Packaging Solutions Market Landscape

FMI has identified Sonoco Products Company, Pelican BioThermal LLC, Snyder Industries Inc., GEBHARDT Logistic Solutions GmbH, and ACH Foam Technologies, LLC as the leading players in the global temperature controlled packaging solutions market.

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These companies are also introducing rental programs to provide temperature controlled packaging solutions at a lower cost as compared to their competitors. Various food and pharma companies opt for leasing or renting temperature controlled shippers/containers as per their requirements. This is profitable for the manufacturers of temperature controlled packaging solutions, as shipper/container manufacturers achieve reduced cost of ownership and increased return on investment, hence higher profits.

About Temperature Controlled Packaging Solutions Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global temperature controlled packaging solutions market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections of the temperature controlled packaging solutions market on the basis of system type (active and passive), product type (insulated shippers, insulated containers, and others), application (frozen, chilled, and ambient), and end use (food & beverages, healthcare, and others), across seven regions.

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Beverage Packaging Market is Expected to Surpass US$ 100 Bn by 2021

Beverage packaging manufacturers have witnessed an increasing demand for smaller pack sizes, which has led to a rise in demand for beverage cans, as they are convenient for carrying. However, rising awareness regarding sugar content in soft drinks, and the resultant health effects has led to a meteoric increase in the consumption of bottled water in the beverage packaging market. In the beverage packaging market, brand owners in developed countries such the U.S. have been quick to capitalize on this growing demand and offer seasonal flavoured water, such as chocolate peppermint. High consumption of alcohol in developed and developing economies is expected to bolster the demand for beverage packaging, especially beer bottles and beverage cans, during the next ten years. High demand for flavoured alcoholic beverages, wine, soft drinks, and energy drinks are expected to bolster the sales of beverage cans in the beverage packaging market.

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The beverage packaging market is anticipated to register a CAGR 4.1% in terms of value during the forecast period of 2019-2027.

Key Takeaways of Beverage Packaging Market Study

According to FMI analysis, glass is expected to remain the top revenue generating segment in the beverage packaging market. However, it is expected to witness a decline during the forecast period, owing to the shift in preference for plastic packaging solutions, due to the brittle nature of glass.
The growth in consumption of bottled water is expected to continue in the beverage packaging market as more consumers continue to make the shift from carbonated drinks to low-sugar drinks. This is attributed to rising consumer awareness regarding the health effects associated with the consumption of carbonated drinks.
The Asia Pacific except Japan (APEJ) Beverage packaging market is identified as the most lucrative geographic region, wherein China & India represent a substantial total incremental opportunity over the forecast period.

“The beverage packaging industry is characterized by several design-level trends. One of the most prominent trends is an inclination of beverage packaging manufacturers towards packaging design innovation, keeping consumer convenience at the center. Many vendors focus on lightweight feature to help beverage packaging manufacturers in their efforts to reduce transit costs,” says an FMI analyst.

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Beverage Packaging Market: Landscape

Key players in the beverage packaging market such as Ball Corporation and Crown Holdings, Inc. emphasize on product development by adopting smart packaging technology, such as smart beverage cans, which can connect with electronic devices to interact with the user. Key players operating in the global market for Beverage packaging include Crown Holdings, Inc., Amcor Limited., Ardagh Group S.A., Ball Corporation, Gerresheimer AG., Owens-Illinois, Inc., Berry Global, Inc., Beatson Clark Ltd., Intrapac International Corporation, BA Glass Germany GmbH., Nampak Ltd., Vidrala S.A., Silgan Containers LLC., Mahmood Saeed Beverage Cans & Ends Industry Company Ltd., and Orora Packaging Australia Pty Ltd.

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Straw Market Expected to Witness High Growth by 2029

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

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.

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Glass container market to Witness a Healthy Growth by 2031

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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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.

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.

Key Takeaways of Glass Containers Market Study

Outlook for glass containers market remains strong for the next 10 years as FMI forecasts it to register 4.0% CAGR between 2021 and 2031
Sales of glass containers in the U.S. are estimated to rise. The U.S. is projected to account for over 80% of glass containers sold in North America as growth outlook remains positive for the remaining forecast period
Despite Germany’s dominance, growth exhibited by the UK market will be stronger. It is expected to register a 1.9% Y-o-Y growth in 2021
Outlook for France and Spain will remain stable
China, India, and Japan will continue exhibiting high demand for glass containers through the forecast period

“Glass containers in the brewing and beverage industries have long evolved from being simple transport containers. End users insist on innovative and trendy glass containers to boost the supply chain instead of simplistic design to encourage shoppers. Demand for small sized jars and bottles, glass containers are occupying significant share in the global market attributing to boost impulse purchase of the products. In addition, key players in the distribution of beverage packages are projected to witness greater profit earnings.” says an FMI analyst.

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.

Glass, through interaction with several liquids, remains chemically pure and is therefore preferred for use in food and beverage packaging. Rising focus on environmental sustainability and curbing carbon dioxide emission has catapulted glass containers as preferred choice to replace plastic or metal containers.

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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.

However, as the sanitization process and non-contaminated beverage systems have improved, beverage intake is slowly rising in developed and emerging countries. This move is anticipated to accelerate more glass container shipments to the global market by the end of the year 2020. Industries such as retail packaging, e-commerce and logistics are also expected to see a fast turnaround.

Glass Containers Market Landscape

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. With competition within the market getting fiercer, companies are focusing on innovative product launches.

For instance:

AGI glaspac has launched a range of integrated antibacterial food glass jars through its retail segment Greendrop Glassware in June 2020.
Ardagh Group launched online and interactive 3D glass packaging catalogue in the later part of 2020.

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Aluminium Foil Containers Market to Witness Stunning Growth by 2027

In 2018, over 1 million tons of aluminum foil containers were sold globally; sales are likely to proliferate at a moderate y-o-y of over 4% in 2019, as per FMI’s latest research. Shifting consumer patterns toward effective and sustainable formats has been identified as a key sales influencer of aluminum foil containers. As per FMI’s analysis, demand for aluminum foil containers is poised to be complemented by unwavering demand from multiple sectors, including foodservice, retail & supermarket, and others.

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Aluminum foil containers continue to gain immense favor, owing to their superior barrier properties. Foodservice providers seeking economic packaging formats with capabilities in terms of food quality retention, which in turn pushes the adoption of aluminum foil containers as an ideal fit. According to FMI’s analysis, weight of aluminum is another key aspect enhancing the viability of aluminum foil containers across diverse end-use applications. Moreover, aluminum foil containers are scalable and foldable with immense scope for accommodating brand logos and other marketing-oriented prints, which makes it a worthy investment across multiple end-use landscapes.

“Alongside increasing proclivity for recycling, end-user industries are gearing up to turn this trend into a competitive advantage. Consumer demand for environmentally-responsible products has become highly evident than ever, which is being considered by end-users to enhance their bottom lines via appropriate offerings. Aluminum foil containers, being 100% recyclable, are gaining momentum in various shapes and sizes as per specific end-user requirements”, says the FMI report.

The current adoption rate of aluminum foil containers in the foodservice space can be anticipated to proliferate, driven by increasing consumer reliance on food ordering and on-the-go consumption. With global sales set to grow at a y-o-y of over 4% in 2019, future adoption of aluminum foil containers will remain significant as they offer tremendous compatibility in processing as well as storage conditions.

End-Users Continue to Favor Non-Compartmental Aluminum Foil Containers over Compartmental

As per the report, end-users continue to prefer non-compartmental aluminum foil containers over compartmental ones, with global sales estimated in excess of 1 million tons in 2019. Well-established usage coupled with reasonable price points makes non-compartmental aluminum foil containers outsell their compartmental variants.

According to FMI, food packers/processors are registering high demand for aluminum foil containers, creating sustained opportunities for manufacturers. Food packers/processors vying to offer fresh food products with optimal packaging by making use of aluminum foil containers. Moreover, aluminum foil containers are gaining notable advantages in the retail and supermarkets space, owing to their superlative barrier properties combined with ‘cook-in-the-container’ features.

Sensing the end-user shift toward a combination of speed and performance, manufacturers are offering aluminum foil containers that facilitate rapid heating. Moreover, manufacturers are also obtaining quality certifications, both national and international, regarding processing techniques and product characteristics. Efforts as such play a significant role in boosting consumer confidence and fuelling repeat sales.

As per FMI’s analysis, aluminum foil container manufacturers are making headway with extensive focus on the three pillars of long-term market sustenance- consumer convenience, marketing and design, and product innovation. For improving consumer convenience, the manufacturers are developing hygienic and easy-to-handle products at competitive costs. In terms of marketing and design, the market players continue to emphasize on enhancement of appeal and branding possibilities across popular social media channels. Manufacturers emphasize on offering distinguishable and efficient products, which correlates to substantial revenue benefits and end-user retention.

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The FMI report offers insights into latent opportunities in the aluminum foil containers market for the forecast period of 2019 to 2027. According to the FMI study, the aluminum foil containers market is likely to proliferate at a volume CAGR of over 4% through 2027

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Tray Sealing Machines Market to Witness a Healthy Growth by 2031

Tray sealing machines are widely used in the food industry to pack and seal fresh food products. These machines are used to make spill-proof and leak-proof packaging. According to Future Market Insights, the tray sealing machine market will cross US$ 2.7 Bn by 2021, at a CAGR of 6%

The consumption of tray sealing machines is estimated increase almost double in next ten years. The demand for tray sealing machines is consistently increasing, as these machines help optimize human error during packaging processes, while preventing contamination of the consumable products.

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The demand for packaged fresh produce products and ready-to-eat meals has witnessed rapid growth over the past decade. Advanced packaging technologies, including VSP and MAP, are the prominent growth drivers owing to the extended shelf life of the products, thereby propelling the demand for tray sealing machines.

Key players are emphasizing fully automated process lines with minimum human intervention. Automated food processing and packaging machines ensure minimal wastage and enhanced productivity.

Factors such as customized size of trays, high barrier films, and clean sealing provide opportunities to increase branding of the product and promote brand loyalty. In addition, end users are gaining the trust of the consumers with see-through, clean packaging formats. Tray sealing machines are a cost-effective way to achieve aforesaid benefits.

The consumption of tray sealing machines are estimated to increase owing to a wide scale of applications including meat, poultry and seafood, bakery and confectionery, fresh produce, ready meals, sweets and dry fruits among others.

Tray sealing machines are preferred with Modified Atmospheric Packaging (M.A.P.) packaging formats to ensure product quality. Therefore, this segment is estimated to grow by two times of the current value, by the end of 2031.

Key Takeaways from Tray Sealing Machines Market

The sales of automatic tray sealing machines can be attributed to reducing downtime while boosting productivity accounting for more than 44%of the global market by 2031.
Meat, poultry and seafood applications are expected to create an incremental opportunity of US$ 796.7 Mn by 2031, owing to use in the frozen product sector.
Germany holds the lead in Europe with a valuation of US$ 138 Mn in 2021, owing to a prominent manufacturing sector.
Canada reflects an above average growth, and is expected to account for 20% of the North America market by 2031.
China will hold around 72% of the East Asia market, supported by growing consumer preference for processed foods.

“Tray sealing machines are gaining traction, especially in the food industry with demand for improvements in shelf life of processed and packaged food and higher prospects of impulse purchases. Market across Asia will emerge as highly lucrative, steered by expansion of food courts, restaurants and giant food-chains, through 2031,” says an FMI analyst.

Impact of COVID-19 on Tray Sealing Machines Market

Amid the COVID-19 crisis, the demand from the manufacturing industry has declined. The growth of the tray sealing machines market has moderately impacted applications in packaged food products.

On the other hand, consumers are concerned about hygienic packaging which has created opportunities for meal tray producers. Recovery from this pandemic is expected to maximise the demand for tray sealing machines in the coming years.

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Who is Winning?

Leading players in the tray sealing machines market are largely focused on investments into product development and capacity expansion to consolidate their position in a competitive environment.

AptarGroup, Inc, John Bean Technologies Corporation (JBT), Omori Machinery Co., Ltd, ISHIDA CO., LTD are the top players operating in the tray sealing machines market. Tier 3 players include ILPRA SPA, Robert Reiser & Co., Inc, ProMach, Inc, Valko s.r.l., Packaging Automation Limited, Starview Packaging Machinery Inc. which hold 70-75% in the global tray sealing machines market.

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