Flexible Plastic Packaging Market To Grow At 5% CAGR; Increasing Demand For Reusable Packaging from Fast Moving Consumer Goods

Driven by shifting consumer preference from traditional packaging products to stand-up pouches and re-closable packaging, the flexible plastic packaging market is forecast to reach valuation of US$ 98 Billion by the end of 2021, finds Future Market Insights (FMI) in a study

The flexible plastic packaging market with its material segment, product segment, and packaging segment will generate sales of over 33.6 million tons in 2021, according to the annual market analysis conducted by Future Market Insights.

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Rising urbanization and busy lifestyle have fueled the demand for convenient and fast foods, thus leading to increase in demand for flexible packaging. These packaging solutions are preferred over hard packaging as they require less energy for production, consume limited resources, readily available and are convenient to store and use.

Consumers are shifting towards buying packaged and processed food items rather than using traditional approach to preparing meals thus boosting the demand for flexible plastic packaging.

The Natural Resources Defense Council reported that Americans waste more than 400 pounds of food per person every year. The wasted food results in generating pollution equivalent to 37 million cars per year.

Flexible plastic packaging is emerging as a key solution to avoid food wastage as it improves shelf-life of the product as well as creates high barrier reducing the contamination of food. This method reduces the storing and shipping expenses. These factors will positively influence the sales of flexible plastic packaging.

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Increasing government funding towards developing bio-plastics and improving the recycling infrastructure for efficient processing along growing awareness among consumers regarding the use of sustainable packaging will boost the flexible plastic packaging market growth in upcoming years.

Flexible plastics packaging is replacing rigid packaging owing to its highest sustainability benefits and Superior quality to provide in-transit protection to products. Increasing focus by market players on converting old packaging into new packaging formats, or a host of other products will create opportunities for market growth over the forecast period.

Key Takeaways from FMI’s Flexible Plastic Packaging Market Study

  • North America flexible plastic packaging market will grow at 3.0% CAGR during the assessment period owing to thriving e-commerce industry and increasing demand for convenient packaging solutions from restaurants and food services.
  • Europe market will exhibit a growth rate of 2.6% CAGR from 2021 to 2031, driven by increasing research on developing flexible bio-plastics and elevated export and production of flexible plastic packaging in the region.
  • Japan will hold more than 14% of the East Asia market in 2021, backed by increasing development in recycling infrastructure and limited usage of non-biodegradable plastics in the country.
  • Polylactic acid (PLA) bioplastics are gaining traction owing to their superior durability, recyclability and lightweight nature. The segment is predicted to expand by 1.11x of its current valuation over the assessment period.
  • General barrier packaging will account for more than 80% of the global market share by the end of 2031. Increasing demand for safe and sterile packaging options for packing vegetables and fruits will be the key growth driver.

“Rising usage of flexible plastic packaging in online retail and e-commerce industry and increasing consumer reliance on online delivery of essential products especially during pandemic will drive the flexible plastic packaging market growth over the forecast period,” says the FMI analyst.

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Competitive Landscape

Leading market players are focusing on new product development to expand their product portfolio and penetrate new markets. They are also working towards devising new methods for sustainable packaging to gain the competitive edge in flexible plastic packaging market.

For instance, in 2021, ThyssenKrupp’s plant engineering business won another order to construct a new bioplastics plant in South China. The plant will be based on patented PLAneo technology and is predicted to produce 30,000 tons of polylactide (PLA) annually.

In January 2021, Yum China which holds mahor stakes in leading fast food joints in China launched plastic reduction and sustainable packaging initiatives and aims to 30% reduction non-degradable plastic packaging weight in next five years.

Prominent players operating in the flexible plastic packaging market are:-

More Insights On The Global Flexible Plastic Packaging Market

In its latest report, FMI offers an unbiased analysis of the global flexible plastic packaging market, providing historical data for the period of 2018-2028 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of material type (oil base polymers and bio-plastics), product type (pouches, bags & sacks, tubes, sleeve labels, and films & wraps), packaging type (VSP (vacuum skin packaging), MAP (modified atmospheric packaging), and general barrier), end use (food, beverages, personal care, homecare, pharmaceuticals, industrial packaging, and others), across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East and Africa).

Potato Protein Market 2022 Growth Drivers, Regional Outlook, Competitive Strategies and Forecast up to 2032

The sales of potato protein market is estimated to be valued at US$ 121.1 Mn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 249.1 Mn by 2032, rising at a CAGR of 7.5% for 2022-2032.

According to the Market Research analysis, Avebe, Tereos, Agrana, Roquette, Omega Protein, Pepees Group, Emsland Group, Meelunie, KMC Ingredients, Südstärke, AKV Langholt, PPZ Niechlow are identified as Key Potato Protein brands.According to the report, the rising demand for healthier and plant-based food alternatives will stoke growth of the market. The report offers a comprehensive insight into the market. It covers key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market. The report profiles some of the leading market players examines the impact of their growth strategies on the overall market.

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It includes in-depth insights into the potato protein market. Some of these are:

  • The estimated value of the market was at US$ 84.6 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Regionally, North America emerged as a key market for potato protein.
  • Europe and Latin America will report steady rise as key markets for potato protein.
  • Among potato protein types, concentrates will witness high demand through the forecast period.
  • Key players are likely to focus on introducing new products to stay relevant in the market.

Increasing Application in Food and Beverages Sector to Boost Growth

Potato protein is widely used in infant formulas, food supplements and dairy products. Therefore, the increasing consumption of dietary protein will bode well for the market. Furthermore, the market is expected to gain from the expansion of the food industry. Because countries such as China, India, and Brazil exhibit high food demand, they are identified as some of the most lucrative markets for potato protein. In addition to this, the rising health consciousness among consumers will enable growth in the market

Who is Winning?

Some of the leading players operating in the potato protein market are (Avebe, Tereos, Agrana, Roquette, Omega Protein, Pepees Group, Emsland Group, Meelunie, KMC Ingredients, Südstärke, AKV Langholt, PPZ Niechlow and others.

As a result of increasing competition, potato protein manufacturers are focusing on expanding their product portfolio and improving sourcing processes. Their expansion strategies are further aided by agreements between them and local players across emerging market. These companies are particularly focusing on catering to changing consumer preference across various applications.

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

Market Segments Covered in Potato Protein Market Analysis

By Type:

  • Isolates
  • Concentrates

By Application:

  • Food & Beverages
    • Meat
    • Dairy
    • Confectionery
    • Processed Foods
    • Beverages
    • Sports Nutrition
  • Feed

Region:

  • North America
  • Latin America
  • Europe
  • APEJ
  • Japan
  • Oceania
  • Middle East & Africa

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Key Questions Answered in the Report

What are the drivers of the potato protein market?

Potato protein will grow in popularity as it is increasingly used in food supplements, dairy products, and newborn formula.

Which are the factors that put potato protein market at risk?

Lack of consumer awareness may limit market growth to some extent.

Which are the regions that will lead the global sales of potato protein?

The potato protein market is predicted to have attractive sales prospects in North America and Europe.

Which product segment offers more growth opportunities in potato protein market?

Concentrates will have a larger market share in terms of kind. The segment will grow as people become more aware of the health benefits of concentrates.

Which application segment will record the highest growth?

Potato protein is projected to be in great demand in the food and beverage industry. Potato protein is increasingly being used in readily available beverages, milk protein isolates and concentrates, dry mix refreshments, frozen foods, non-dairy vegan meals, and fermented foods, allowing the industry to expand.

About FMI:

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

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Glass Decanters Market – Global Industry Analysis, Share, Size and Forecast, 2018 to 2028

Global Glass Decanters Market: Overview

A decanter is a vessel that is used to hold a liquid such as wine, whiskey, and other beverages. Decanters are available in varied shape and sizes and traditionally made from glass. Glass decanters usually have a volume equivalent to one standard bottle of wine or a whiskey. Decanters are also made of crystal, which is a type of glass.

Glass products containing less than 4% of lead oxide are labeled as glass, whereas glass products containing more than 10% of lead are labeled as crystal. The presence of lead softens the glass and makes it suitable for cutting and engraving. This is the reason for the popularity of crystal glass decanters. Glass decanters allow the user to view the product from outside, and engravings on the glass decanters provides it a visual appeal.

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Glass decanters are widely used to store and dispense wine. Glass decanters allow the wine to go through the aeration process. Meaning, glass decanters allow the wine to breathe. Aeration refines the taste of the wine when kept in glass decanters. The demand for glass decanter is expected to grow during the forecast period due to the high demand for decanted wine.

Decanting young wines in glass decanters several hours before serving gives the wine a chance to bloom and attain a stage of development. Decanting wines in glass decanters diminishes the amount of carbon dioxide and matures the wine. The Glass decanters help the sediment to separate from the older wine.

Glass decanters are also used to store premium whiskeys, to help prevent the evaporation. In some regions, glass decanters are handmade by traditional decanter manufacturers.

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Global Glass Decanters Market: Dynamics

Drinking decanted wine is a tradition in many countries, as the wine connoisseur advice to let the wine breathe in the glass decanter to enhance its taste. Decanting wine in glass decanters helps remove sediment from it. Glass decanters for wine often do not have a stopper or a seal on it.

Whereas for whiskey, there isn’t any need for oxidizing or removing sediment. Premium whiskeys are decanted in glass decanters for aesthetic purposes. While whiskey oxidizes slower than wine, it still needs a sturdy, airtight seal. It is observed that some wines take longer to decant than others and thus, a glass decanter with a broad base will increase the amount of oxygen and decant the wine faster.

The lead crystal glass decanter is widely preferred over the regular glass as the lead increases the index of refraction and offers much more sparkly appearance. Rapid urbanization has led to an increase in the per-capita personal income and changed lifestyles of people in many countries. Glass decanters provide a stylish way for fine liquor to be served with class and sophistication.

While the glass decanters lend a sense of class and elegance, they are also more stable than the whiskey bottles and flasks. Most glass decanters these days are mostly lead-free. But if the glass decanters contain lead, i.e. (crystal decanter) and the whiskey sits in it for long enough, there is a chance that the lead will leach into the whiskey, resulting in harmful effects after consuming it.

The introduction of wine aerators is expected to harm the global glass decanters market. The wine aerator is held above the glass and wine is poured through it. The device aerates the wine as it flows through it. This device eliminates the use of glass decanters where instant decanted wine is required.

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Global Glass Decanters Market: Regional Outlook

North America holds the largest share in the global glass decanters market.  According to the Wine Market Council, U.S is the highest wine consuming country by volume, drinking 341.5 million nine-liter cases in the year 2016. China is expected to grow faster than the US in that time period in volume terms, while the UK market will stay roughly flat in volume.

Key Developments:

  • AI Powered Decanter offered by Jim Bean pours shots of bourbon whiskey on demand. The smart voice-activated decanter features a built-in compartment for whiskey storage.

Global Glass Decanters Market: Key Manufacturers

  • O I Packaging
  • Ravenscroft Crystal
  • Prestige Decanters
  • Saver Glass
  • New Genius Glass
  • N R S Glass Suppliers
  • Quality Products of India (QPI)

The Glass Decanters market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The Glass Decanters market report provides in-depth analysis of Glass Decanters market trends, macroeconomic indicators, and governing factors along with Glass Decanters market attractiveness as per segments. The Glass Decanters report also maps the qualitative impact of various market factors on market segments and geographies.

The Regional analysis includes –

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

Global Glass Decanters Market: Segmentation

Global glass decanters market is segmented on the basis of material:

  • Crystal Glass
  • Regular Glass

Global glass decanters market is segmented on the basis of shape:

  • Swan
  • Cornett
  • Duck
  • Standard
  • Small sized base
  • Medium sized base
  • Large sized base

Global glass decanters market is segmented on the basis of Capacity into:

  • Up to 250 ml
  • 250 ml-500 ml
  • 500 ml-750 ml
  • 750 ml and above

Global glass decanters market is segmented on the basis of end use into:

  • Wines
  • Red wine
  • White Wine
  • Rosé
  • Whiskey
  • Brandy
  • Cocktails

Integrated Food Ingredients Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2029

Growth of integrate food ingredients pertain to the extraction of nutritional elements from natural sources such as nuts, flowers, plants, and herbs. Amidst advancements in technology, food & beverage manufacturers are employing integrated food ingredients to add value to food and beverage products. Consumers are investigating contents of processed and convenience food products before purchasing an item. The prevalence of smart labels such as QR codes garner consumer attention to ingredients in food and beverage products. It is the combination of these factors that propel global integrated food ingredient market to a promising growth trajectory of 5% between 2019 and 2029. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends.

Rapid increase in health concerns mandate food product manufacturers to maintain transparency about ingredients of food products. Government organizations and consumers alike are wary about ingredient sources that market players utilize in manufacturing products.

The global integrated food ingredients market helps F & B manufacturers to add value and differentiate product offerings based on specific ingredients. On the back of these developments, the food ingredient market is set for a promising growth trajectory of 5% between 2019 and 2029.

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It constitutes in-depth insights into the integrated food ingredients market. A few of these are:

  • North America leads regional distribution of demand with a market share of more than 21%.
  • Japan offer the most lucrative growth opportunity with a dexterous growth rate of more than 8%.
  • Plant-based sources of nutritional ingredients exhibit share-wide and growth-wide leadership in global integrated food ingredients market.
  • Vegetable Fats, & Oils are potential prospects for promising future growth.
  • Frozen Foods manufacturers continue to generate increasing demand for integrated goof ingredients.
  • Beverage manufacturers exhibit share-wide dominant characteristics owing to introduction of new flavors and increasing nutritional value in product offerings.
  • Preservatives garner increasing revenue traction on the back of rising demand for enhanced shelf-life of products.

Plant-Based Ingredients Offer Exponential Growth

Plant-based food ingredients are expected to exhibit continuous rise in demand due to the increasing popularity of vegetarian and vegan diets. Another factor that propels demand of plant-based integrated food ingredients is the versatilely of organic sources of nutritional value. Artificially manufactured ingredients are second in line on the back of increasing demand from frozen foods, baker & confectionary, and beverages. The pivotal role of artificial ingredients in manufacturing ready to eat products, and preserving nutritional value for long-periods drive the demand of artificially integrated food ingredients.

Ingredient Innovation Preserves Revenue Sources

Integrated food ingredient manufacturers are focused on product innovation to cater to the dynamic demand for specific nutritional components. Market players are entering strategic relationships with food & beverage firms to ensure sustained growth in the future. Major players in the global integrated food ingredients market are Cargill, Incorporated, Kerry Group Plc, Sensient Technologies Corporation, Dohler GmbH, Archer Daniels Midland Company, Tate & Lyle PLC, Koninklijke DSM N.V., Ajinomoto Co., Inc., CHS Inc., E. I. du Pont de Nemours and Company, Foodchem International Corporation, C.P. Kelco, Naturex SA, Ashland Global Holdings Inc., FMC Corporation, Ingredion Incorporated, and Furest Day Lawson Holdings Limited.

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Integrated Food Ingredients Market Segmentation

By Source

  • Animal
  • Plant
  • Seaweed
  • Microbial & Fermented
  • Artificial

By Product Type

  • Food Hydrocolloids
  • Sweeteners
  • Vegetable Fats & Oils
  • Food Enzymes
  • Food Colors and Flavors

By End-Use

  • Dairy Products
  • Frozen Foods
  • Bakery and Confectionery
  • Sauces, Dressings, and Condiments
  • Beverages
  • Snacks and Savory
  • Meat, Poultry, Seafood
  • Pet Food

By Functionality

  • Thickener
  • Stabilizer
  • Gelling Agent
  • Leavening Agent
  • Flavoring and Coloring Agent
  • Emulsifiers
  • Fortifiers
  • Preservatives

Region

  • North America
  • Latin America
  • Europe
  • APEJ
  • Japan
  • Oceania
  • Middle East & Africa

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 Us:                                                      

Future Market Insights
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United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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Website: https://www.futuremarketinsights.com

 

ESD Dividers Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Global ESD Dividers Market: Overview

ESD (Electrostatic Discharge) Packaging involves the use of materials to protect the devices that are sensitive to electrostatic discharge. ESD packaging format include bags, trays, boxes, dividers, foams and clamshells among others. ESD dividers are often a vital solution to the storage of electrical components such as printed circuit boards and semiconductors.

The properties of ESD dividers related to packaging are antistatic charging, charge dissipation and shielding of electric charge. The walls of the ESD dividers are carbon infused which protect the contents from static damage and the boxes are stackable. ESD dividers are ideal for the storage of small parts and work-in-process transfer applications.

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ESD dividers are compatible with shelving, racking, and material handling equipment. ESD dividers add flexibility to the ESD containers and boxes. ESD dividers are ideal for use in commercial, industrial, electronics and healthcare markets for storage, assembly, distribution and fabrication applications.

ESD dividers consist of mainly two type of conductive and shielding materials namely black PP low-resistance conductive polypropylene and ESD shielding conductive carton. ESD dividers protect the sensitive electronic components against mechanical effects from outside, electronic discharge during the storage and transport.

The sensitive, electrical equipment needs to be stored in a secure unit that will not interfere with the other electronic components. Strong stacking ridge and innovative ribbed walls of the ESD dividers ensure high performance.

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Global ESD Dividers Market: Dynamics

Shipping and transporting electronic equipment is more challenging than any other forms of equipment due to the need of extra safeguarding it from the electronic discharges. ESD dividers have special material composition to lower the resistance of electronic equipment so that when grounded electric charges will be removed to ground thus protecting the ESD sensitive devices.

Many electronic equipment are sensitive to static charges that arise due to small amount of friction and can ruin it if not guarded properly. In addition to electronic equipment liquids or gases that are highly flammable must be protected against static charges.

A substantial factor driving demand for ESD dividers is the growing demand for smart devices along with miniaturization of many electronic devices. Another significant factor necessitating the use of ESD dividers is the presence of various standards regarding the safety of ESD-prone devices during storage and shipping. ESD dividers finds application scope in end-use industries such as manufacturing, healthcare, automotive, defense and military, aerospace among others.

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In the electronic industry, the primary function of ESD dividers is to ensure/facilitate safe and secure storage and transport of high-value electronic components and to minimize the cost of transport.

The increased demand for ESD packaging is expected to drive the market for ESD dividers during the forecast period. The growth in the consumer electronics market also facilitates the global ESD dividers market.

Global ESD Dividers Market: Regional Outlook

Geographically, China is expected to hold the largest share in the ESD dividers market owing to concentration of manufacturers of electronic devices in country. Japan, India and South Korea are also gaining traction in the developing electronic industry. The US continues to contribute significantly to the increasing demand for smart devices employing ESD packaging.

The increase in the disposable personal income allows the consumers to engage in the purchase of high tech devices, thus facilitating the growth of electronic industry globally.

Global ESD Dividers Market: Key Manufacturers

  • Nefab Packaging
  • Grainger
  • Menasha Corporation
  • Protektive Pak
  • Treston

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with ESD Dividers market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Regional analysis includes –

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa (MEA)

Global ESD Dividers Market: Segmentation

Global ESD Dividers Market is segmented on the basis of material type into:

  • ESD Shielding Conductive Carton
  • PP Low Resistance Conductive Polypropylene

Global ESD Dividers Market is segmented on the basis of application into:

  • ESD Bin Containers
  • ESD Drawers
  • ESD Container Boxes
  • ESD Tool Boxes

Global ESD Dividers Market is segmented on the basis of End Use Industry into:

  • Electronic Industry
  • Aerospace
  • Defense
  • Other Manufacturing Industries

Beverage Cups Market Forecast, Trend Analysis & Opportunity Assessment 2021-2031

Beverage Cups Market Overview

Newly released data from beverage cups market analysis shows that global demand of the overall beverage cups market is forecasted to expand at a value compound annual growth rate (CAGR) of 6% from 2021-2031 and reach millions of units by 2031.

In terms of growth, the beverage cups market is projected to witness a prominent sales growth rate by 2031, owing to the increasing trend of quick delivery, ready-to-go food ordering, and rising consumer’s choice for disposable and sustainable packaging.

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Beverage Cups Market: Market Outlook

In today’s fast-developing market, cutthroat competition is almost every part of life, including the packaging industry. It becomes crucial for companies to increase productivity by using sustainable and eco-friendly materials and adopting innovative technology. The novel food packaging is now designed according to the consumer’s needs, priorities, and preferences.

The beverage cup is a drink carrier or a top-open cup for drinking, pouring, and holding liquid beverage items. The beverage cups are mainly made of glass, paper and, plastic material, whereas polypropylene is used to manufacture plastic cups. The beverage cups are widely used for drinking hot coffee, tea, fruit juices, cold drinks, soups, and other liquid beverage products.

Also, these beverage cups are disposable or recyclable designed and available in different sizes, shapes, styles, and colours as per functions and applicability.

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The beverage cups, along with added insulation features, are excellent in serving hot or cold beverages. The single or double coating layers offers sturdiness and rigidity to the cup and are moisture-resistant, smooth, and stable. Therefore, the increasing demand for disposable, biodegradable cups to serve hot and cold beverages could boost the beverage cups market.

What Are the Key Market Drivers Impacting the Growth of Beverage Cups Market?

Beverage cups have become trendy due to rising consumer’s convenience and single-use consumption patterns. The consumers are aware of health, hygiene, and cleanliness.

Thus, they prefer the safest, reliable and convenient packaging solution. Most public places, restaurants, offices, and significant family events like weddings, parties, get-togethers, and beverage cups are used to serve soft drinks, hot or cold drinks, and water.

The paper or plastic beverage cups are primarily applicable for single-use purposes, which creates the safety of spreading the contamination and hand and oral infection. The beverage cups are also safe for drinking any food liquid products. It retains the food quality, flavour, taste, and hygiene and protects the contents from outside pollution and dust particles. All these factors will augment the growth of the beverage cups market.

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What is the Key Trend Increasing Sales of Beverage Cups Market?

In today’s day and age, the trend of outdoor readymade food eating and drinking is increasing rapidly due to busy lifestyle utilize the beverage cups for saving time and efforts of cleaning and can be discarded easily after use.

Online food and beverages ordering, increasing trend of a quick delivery, rising social and family functions, picnics, and outings will propel the sales of the beverage cups in the market.

What are the Key Opportunities Shaping the Consumption of Beverage Cups?

The customized printed paper cups with eye-catchy designs and printing could create a brand image opportunity for the customer. The food service, restaurants, hotels, cafeterias, and food delivery companies could consider customized printing on the cups the best option for brand promotion and publicity. The consumer prefers visually appealing and attractive designs.

Additionally, serving the drinks in environment-friendly optimal packing with biodegradable or compostable properties could enhance the growth opportunity of the beverage cups market. The cost-effective, sturdy beverage cups are the best option for glass-ceramic cups due to the difficulty in carrying them around and the chances of breakages.

Furthermore, due to being unbreakable, safe, and easy to handle, the beverage cups are a perfect choice for child-friendly and older adults. Many offices, industrial units, supermarkets, malls keep the tea/coffee vending machines or juice and soft drink stations for people with disposable beverage cups. During travel in railways, the beverage cups are served for liquid foods due to being easily disposable, safe, and convenient. Owing to this, there will be significant growth in the beverage cups market.

Competitive Landscape

Key players such as

are actively involved in beverage cups market for different applications.

Key Asian players such as

  • Nippon Paper Industries Co.Ltd.
  • Anbao
  • Xiamen Weihao Eco-Friendly Tech Co.Ltd
  • Dongguan City
  • Chun Fu Mold Co.Ltd
  • Nisuma and WBS

others are actively involved in beverage cups market for different applications.

What Strategies are the Key Players Adopting for Increasing their Market Share in Beverage Cups Market?

The manufacturers involved in manufacturing beverage cups adopt various strategies such as innovation and product launch, focusing on sustainability to serve the increasing demand for the beverage cups market.

  • Huhtamäki Oyj recently introduced single wall and multi-wall paper cups made for PEFC certified paperboard with lid. They have also developed bioware paper cups compostable as per EN12432 compostable norms. The reCup is an exclusive recyclable paper cup made with an innovative barrier coating, EarthCoating, specially engineered to recycle the cups easily in mainstream waste facilities.

Why is India a Big Market for the Beverage Cups Market?

Tea is the most popular and widely accepted drink in India. Small tea shops are available in every nook and corner of the country.  India is a densely populated country, and teas and coffee consumption is exceptionally high India.  With the increasing number of restaurants, cafeterias, tea, and coffee shop chains, the penetration of western fast-food supply chains could enhance the growth of the beverage cups market in India.

Indian people are fond of tea and coffee; hence the consumption of tea is extremely high. Beverage cups are also widely used in family functions, weddings, corporate events due to their lightweight, sturdiness, cost-effective, eco-friendly, and sustainable packaging solution.  Therefore, the Indian market is expecting an exponential growth of beverage cups market.

How has the COVID-19 Pandemic Impacted the Beverage Cups Market?

The Covid-19 outbreak hampered the production activity, slow down the sales, and affected the profitability of the companies.  Various food service companies have taken measures to supply hygienic, safe food packaging to consumers due to Covid-19. The lockdowns and hotels, cafeteria, restaurant close for the public affected the beverage cups market.

Despite that, the fast-food giants, restaurant-to-go, and small and big food operators switched over to disposable beverage cups for food packaging for the consumer’s safety and hygienic concern. Due to Covid-19, the hospitals, Covid patients quarantine centres, and home quarantine patients considered the beverage cups the best solution due to their single-serve purpose and easily disposable; hence, there is no risk of virus spread and increasing infection. Therefore the Covid-19 pandemic generated substantial growth in the beverages cup market.

Key Segments of Beverage Cups Market Covered in the Report

Based on Material:

  • Plastic
  • Paper
  • Foam
  • Glass
  • Metal

Based on Capacity:

  • Up to 150 ml
  • 151 – 350 ml
  • 351 – 500 ml
  • Above 500 ml

Based on End Use:

  • Household
  • Institutional
  • Corporates
  • Foodservice

Based on the Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Custom Binders Market : Global Industry Analysis 2016 – 2020 and Opportunity Assessment 2021 – 2031

Custom Binders Market Overview

The global custom binders market is expected to increase at a growth rate of around 4.0% to 5.0% during the forecast period.

Demand for custom binders will witness steady recovery in the short term, with an optimistic growth outlook in the long run after the pandemic. The market growth is set gain substantial sales in the forecast period, owing to increase implantation in applications like educational institutes, judiciary, commercials, and government.

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Custom Binders Market: An Overview

Custom binders may look like a simple piece of office equipment that is used to store important papers, documents and to stay organized but it is much more than that. The custom binder unlike the regular binder is not only used as a packaging that stores and keeps the papers secure but also helps in the promotion of the company or organization.

Binders that can be customized to promote the brand identity and attract potential clients or customers. Companies that use such custom binders carefully consider the role of information packaging that is both external and internal marketing strategies. Rising demand for custom binders, which is used in various applications such as printing, storing, business communication, labels and packaging, projected to boost the custom binders market.

What Drives the Growth of the Custom Binders Market?

In today’s times, customers expect a product that is easy to use, cost-effective and can be reused for various purposes. Custom binders provide various solutions for customers who are still not able to use the internet or adapt to the digital world conveniently. Custom binders contain index tab dividers which makes them easier to use.

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This not only benefits the customer but also the marketers whose brand identity is been recognized by the brand logo on the binders that makes the customers connect with the brand. These promotional strategies coupled with all the benefits provided by the custom binders anticipate steady growth in the market.

How Does the Asia Pacific Stand as a Big Opportunity for the Market Player of Custom Binder?

Asia Pacific region accounts as various developing countries that hold out an opportunity for manufacturers of the custom binder to set up their regional presence in this region. Promoting custom binders in countries like India, China used to believe in storing and communicating through manuscripts for a very long time. This will prove as a great opportunity for the manufacturers to encourage customers to restart the lost art of communicating and storing information the traditional way.

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What Restraints the Growth of the Custom Binders Market?

Since the technological advancements, all the important matters, be it business or personal all the contents are safely stored and easily accessible on the internet. That information can be accessed from any part of the earth by anyone who is given access.

Organisations are replacing custom binders with videos, blogs, and others that are also efficient in saving papers and avoid carbon emission during product manufacturing. Widespread digitalisation across the globe and industries is a key challenge hindering the growth of the custom binders market.

Competitive Landscape

Key global players of the custom binders market are:

  • Creative Packaging, Inc.
  • Heinn Chapman Corp
  • The Dimensional Group
  • Command Plastic Corp
  • Norwood Systems
  • Admiral Plastics Pty Ltd
  • PackZen Packaging
  • Skyline Book Binding Machines and Supplies

Key players in the Asia Pacific region of the custom binders market are:

  • Dongguan Fengze Stationery Ltd.
  • MM Binders
  • Shenzhen Yiergao Stationery Co., Ltd.
  • Marumizu-Gumi
  • Gradco Japan Ltd

How has Covid-19 Impacted the Growth of the Custom Binders Market?

With the shift to online learning, work from home, most students and business customers have shifted their focus from custom binders to updating the information online. Manual binding of government records and industrial records was the norm in various industries such as educational institutes, banking, judiciary and many others but with the advent of the Covid 19 pandemic, people are forced to archiving all the works into digital that led to a paperless office system on a large scale. Although there has been a major decline in the custom binders market, it is expected to witness a slow recovery during the forecasted period.

Key Segments of Custom Binders Market Covered in the Report

Based on the Material Type:

  • Paper & Paperboard
  • Plastic
    • Polyvinyl Chloride (PVC)
    • Polyethylene (PE)

Based on the Product Type:

  • Hardcover binders
  • Decorative binders
  • Softcover binders
  • Punchless binders
  • Ring binders

Based on End Use:

  • Institutional
  • Commercial
  • Household

Based on Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • MEA
  • Oceania

Asia Pacific Manufacturing Execution Systems (MES) Market: Worldwide Industry Analysis and New Market Opportunities Explored By 2022

Manufacturing execution system (MES), as the name suggests, it’s a computerized system, which can be implemented in the manufacturing process, to increase manufacturing efficiency and accuracy. It manages and monitors work in process on a factory floor. The goals of MES are to make the manufacturing process more efficient and improve productivity by reducing the cycle time. MES has replaced manual operations into paperless operations for faster transfer of information and improve the process of decision making.

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The two basic factors that necessitate the use of MES is total quality in production and help in the decision making process. Key benefits of MES include reduced work in process inventory, support for stock keeping unit, labour tracking and ability to review efficiency by work centers, operators and equipment. Manufacturers can benefit from the integration of MES with product lifecycle management (PLM), supply chain management (SCM) and enterprise resource planning (ERP) to transform the manufacturing processes in terms of control and synchronization.

Based on the applications, MES can be segmented into two segments as discrete manufacturing industries and process manufacturing industries. The various process manufacturing industries include chemical, oil and gas, pulp and paper, food and beverages, waste water management etc.On the other hand various discrete manufacturing industries include automotive, healthcare, aerospace and defense. MES has been nowadays accepted across various segments.

The process industries have made use of MES to a very large extent and seems to be matured unless more advancement in technology takes place. There is a lot of scope and potential for MES in discrete manufacturing industries. On the basis of functions, MES market is segmented as scheduling, resource allocation & dispatch, product tracking &status, performance analysis, labour management, overall equipment effectiveness and inventory management.

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The global MES market is expected to grow two fold from 2014 to 2020, at a CAGR of 10-12%.The global market is expected to grow significantly, as manufacturers are looking to manage complex processes and products more efficiently.Europe and North America are the largest contributors in the global MES market, capturing almost equal amount of share. APAC on the other hand is expected to register higher growth as it is attracting investors to manufacture.

APAC is transforming into a manufacturing hub. All the major players of the market are focusing on the APAC region, due to rapid growth expected in the industrial and infrastructural sector. In order to cater the growing demand from Association of Southeast Asian Nations (ASEAN), the MES manufacturers are shifting their manufacturing plants to this region, to attract more consumers and gain a competitive advantage. With foreign direct investment increasing in this region manufacturing execution system is expected to witness potential growth in the region.

Key players in MES industry are Invensys operations management, Honeywell Processes Solutions, and ABB, which account for major portion of the market. Companies are getting into alliances & acquisitions to expand their business operations and increase their investment through foreign direct investment, which are expected to boost the growth of MES market.

Product life cycle tractability, improve warranty repair efficiency and reduction in labour cost are major drivers for MES market. Growth in the manufacturing industries along with government policies to increase the foreign direct investment for emerging nations such as India are expected to accelerate the growth of manufacturing execution system market and provide a promising future in this industry.

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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

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

Regional analysis includes

  • Greater China
  • India
  • ASEAN
  • Australia & New Zealand
  • Others

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

Asia Pacific Manufacturing Execution Systems Market

Report Highlights:

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

 

Material Handling Equipment Market: Worldwide Industry Analysis and New Market Opportunities Explored By 2022

Material handling equipment are commonly used in warehouses or manufacturing plants for various operations such as quick movement of goods or products, locating stock, preparing orders and localizing stock. This has intensified the need for optimum utilization of equipment, demand for flexibility in warehouse operations, customer satisfaction and supply chain transparency.

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In the coming years, vision guided robotics, to reduce excessive downtime at warehouses, growing automation and technology advancements in material handling equipment are driving the market for the global material handling equipment market. However, the global material handling equipment market growth may be inhibited due to growing material handling equipment prices, rising steel prices and lack of skilled labor.

Automated Material Handling Equipment witness High Demand in Modern Industrial Applications

A majority of manufacturers in various industrial areas are highlighting the importance of their personnel and employees, which is triggering the use of automated material handling equipment. Especially in manufacturing operations in hazardous environments, manufacturers are preferring minimal manual processes and more automation. This is expected to trigger the inclination towards automated material handling equipment, as a mounting number of end-use industries are exhibiting willingness to take advantage of automated material handling equipment.

While the rising trends of factory automation are contributing to the upsurge in demand for automated material handling equipment, their high installation costs continue to remain a hindrance. Though this high-tech material handling equipment are replacing their traditional counterparts, small businesses in end-use industries are struggling to deal with the high maintenance and initial costs of adopting material handling equipment. Manufacturers in the global material handling equipment market will have to implement a strategy to keep manufacturing costs under control and offer equipment for small end users in the coming years.

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Taking Environmental Health and Safety to a New Level with Customization

The industrial growth has incurred negative impacts on the environment and ecosystem with the increasing air and water pollution and toxic emission of greenhouse gases. Growing awareness about the environmental health and the impact of material handling equipment on it has triggered stakeholders in the material handling equipment market to implement new manufacturing technologies to mitigate the greenhouse gas emissions of their products,

A mounting number of new players in the global material handling equipment market are combining manual processes with the most advanced technologies to maintain a healthy balance of environmental health and safety. Furthermore, through customization of technologies and other integral features of material handling equipment, market players are also trying to meet the industrial regulations and emission standards and help end users reduce their carbon footprint. This is also expected to trigger a significant rise in the adoption of batteries and battery-based material handling equipment in various industrial areas in the coming years, which will further have a strong impact on market players’ strategies in the foreseeable future.

Manufacturers Offer Logistics and Material Handling Services for Vital Supplies Amids COVID-19 Pandemic

Though the pandemic has disrupted many industrial operations and overall economic growth of the business space, a majority of players in the material handling equipment market are improving the agility to offer services amidst this health crisis. While traditional end users are facing a glitch in operations, leading manufacturers and suppliers of material handling equipment are offering their services for the logistics and transportation of vital services and essential products.

Market players are also modifying their marketing and publicity campaigns to promote their take on customers’ safety as an integral part of the supply chain of essential supplies. Manufacturers and service providers are also updating their safety standards and methods of cleaning their material handling equipment while conforming to local as well as global regulations. These strategies are expected to be adopted by a mounting number of market players in order to maintain a healthy revenue cycle during as well as post the pandemic.

Material Handling Equipment Market: Region-wise Analysis

The global material handling equipment market is broadly segmented into seven geographical regions – North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa. Currently, the market is witnessing impressive growth in the Asia Pacific region, as it is estimated to account for over one-third revenue share of the global material handling equipment market value.

The region is witnessing an upsurge in the adoption of automated technologies, and consequently, the demand for material handling equipment is majorly attributed to the increasing need for automation in operations to boost performance and efficiency of various business processes. Furthermore, the region is also expected to trigger demand for material handling equipment majorly across its food & beverage industry, creating more lucrative opportunities for market players catering to this segment of the end-use industries in the market.

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Material Handling Equipment Market: Competitive Landscape

Global material handling equipment market has key players mainly from North America, Western Europe, Japan and China. Some of the key players in this industry are

  • Liebherr Group
  • KION Group AG
  • Jungheinrich AG
  • Viastore Systems GmbH
  • WITRON Logistik + Informatik GmbH
  • Eisenmann AG
  • Beumer Maschinenfabrik GmbH
  • Jervis B. Webb Company
  • Columbus McKinnon Corporation
  • Crown Equipment Corporation
  • Hyster-Yale Materials Handling,
  • Hytrol Conveyor Co., Inc.
  • Manitowoc Company, Inc.
  • Xuzhou Heavy Machinery Co., Ltd.
  • Toyota Industries Corporation.

In June 2020, Alta Equipment Group Inc. – a US-based industrial and construction equipment company – announced that it has entered a definitive agreement to acquire a US-based player in the material handling equipment market – PeakLogix. The company also stated that the strategy behind this acquisition revolves around its agenda of expanding geographical footprint and growing its material handling business while improving profitability.

Another US-based Material handling equipment manufacturer – FMH Conveyors announced in June 2020 the acquisition of it has acquired Aftersort Truck Loaders – an Arkansas-based conveyor vendor. The company also announced that the acquisition is a part of its strategy to expand its offerings of truck loading products segment.

In the same month, ASGCO – a complete conveyor solutions company – announced that it will be moving its headquarters in Nazareth, Pennsylvania, to a newly purchased and the construction of the new facility is expected to complete in 2021. The company also declared that it has purchased the land of around 19 acres (7.7 ha), that it is a strategic move to meet growing demand for its bulk material handling equipment and other services across the region.

Region-wise Analysis

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Material Handling Equipment Market: Segment Analysis

The material handling equipment market can be segmented on the basis of the following:

Product Type

  • Conveying Equipment
  • Industrial Trucks & Lifts
  • Hoist
  • Cranes & Monorails
  • Automated Material Handling Equipment

End-use Industry

  • Aerospace
  • Agriculture
  • Air Cargo
  • Automotive
  • Building and Construction
  • Electrical & Electronic Equipment
  • Industrial Machinery
  • Shipping Industry
  • Warehousing
  • Postal/Express Delivery
  • Other industries

Report Highlights:

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

Dehumidifiers Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2022

The dehumidifiers market is growing at a modest rate with a CAGR of 6.5% from 2022 to 2032.

“The high emphasis on the prevention of bacteria and mould, which can pose health problems, is likely to drive market expansion throughout the forecast period.”

Improving the quality and consistency of air inside homes is becoming a necessity, which was never identified as a need before, and this is emerging as the most important factor boosting growth of the dehumidifiers market.

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Manufacturers are beginning to introduce dehumidifiers that not only manage and control the humidity and act as a dehumidifier for house or industrial dehumidifier, but also reduce the amount of indoor air pollutants.

Consumers’ concerns about their home climate contributing to their illness can be linked mostly to the increasing sales of dehumidifiers.

This is anticipated to motivate leading dehumidifiers market companies to spend in R&D and deliver more relevant, appropriate and the best dehumidifier features to residential customers in the future.

What are the Forces Shaping the Dehumidifiers Market Growth?

“The alarming surge in fire incidents is impeding the dehumidifiers market growth.”

These incidences have caused manufacturers to recall their products on account of faulty dehumidification malfunctioning, which is always a costly affair.

In the coming years, customer product safety commissions across the world are likely to tighten the quality standards and certification rules for dehumidifiers.

Manufacturers will have to pay special attention to quality and safety parameters of their products. Furthermore, offering a proper guide or safety manual for the appropriate use of dehumidifiers can also lead to curbing the number of fire incidents caused due to humidifiers, ultimately reducing its impact on the dehumidifiers market growth.

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What is the Impact of COVID-19 on the Dehumidifiers Market?

“Almost everyone is crippled with the impact of the pandemic and scientists identify that virus last longer in places with low temperatures. So, dehumidifying is not much of a help in respect to the current scenario and this could hamper the dehumidifiers market.”

Since the global outbreak of the novel coronavirus, various studies have been conducted to find vaccines and methods to control its spread.

Scientists could identify an identical pattern across the world which signifies that virus, especially SARS coronavirus, has been surviving for longer periods in regions with very low temperatures – around 6°C – and very low levels of humidity – approximately 30%.

Studies have found that the long survival time was evident in areas with moderate temperatures between 20-30°C, only at times when air was dry and less humid.

Scientists assume that the current coronavirus will also exhibit similar patterns in relation to temperature and humidity, and most have reached a conclusion that human-to-human transmission of COVID-19 in indoor conditions may be controlled if indoor humidity is high.

The growth of the dehumidifiers market takes a dip and to dehumidify the indoor conditions is not the solution.

Consumers have been closely observing these studies and stories, which evidently say that indoor humidification may play a crucial role in controlling the spread of the novel coronavirus in indoor setups.

This is likely to have a negative impact on the growth of the dehumidifiers market, in the coming years.

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Which Region Holds a Sway in the Dehumidifiers Market?

“The dehumidifiers market in the United States is predicted to grow significantly, since consumers in the United States demand products with automatic temperature and humidity detecting capabilities.”

Based on geography, the market for dehumidifiers is broadly divided into seven regions including North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa.

The dehumidifiers market in western regions including North America and Europe has reached maturity, and this has created enormous potential for growth in the developing countries across Asia Pacific.

In developed economies including the Americas and European Union, the sales of dehumidifiers are vastly concentrated in the commercial dehumidifier arena.

On the contrary, dehumidifiers are witnessing high demand in the rapidly growing residential sector in developing countries of Asia Pacific. Thereby, manufacturers will increasingly focus on modifying features of their product range to meet the target customers’ needs such as portable & small dehumidifier across different regions, and this will emerge as a popular trend in the dehumidifiers market, in the coming years.

How is the Competition Landscape in the Dehumidifiers Market?

Some of the key players in the dehumidification market are Electrolux (Frigidaire) and General Filters, Inc., Whirlpool Corporation, LG Electronics Inc., Haier Group, Honeywell International, Inc., Sunpentown International, Inc, Therma-Stor LLC, and De’Longhi Appliances S.r.I.

Leading manufacturers as well as small and medium sized enterprises have adopted strategies to compete on the product innovation front, with the launch of dehumidifiers with advanced technologies and innovative features.

For instance, De Longhi America, Inc. – a leading distributor of kitchen and home appliances – and Braun Household – a German premium brand for electrical appliances – announced in May 2020 the launch of its home and kitchen comfort product lines to offer customers more convenient and innovative products and aid consumers in navigating the new normal at home.

The announcements also emphasised the improved efficiencies of the new De’Longhi 3-in-1 Portable Air Conditioner, Dehumidifier, and Fan, which quieter, smarter, and more personalized than its other products.

In August 2019, Sharp Corporation – a Japanese multinational corporation that designs and manufactures electronic products – announced that it is launching its range of air purifier cum dehumidifier in India.

The company also declared that the innovative features of products such as Sharp’s Plasmacluster Ion Generator Technology, HEPA Filters, the laundry drying feature, and their compatibility with home dehumidifiers, inverters, can help eliminate airborne mold, bacteria, as well as viruses more efficiently.