Confectionery Packaging Market: Plastic Expected to be the Most Preferred Material Type During the Forecast Period

Emerging markets such as India, China, and Africa etc. provide a huge growth potential for confectionery products. Africa is expected to showcase second fastest growth rate in terms of consumption for confectionery packaging after Asia-Pacific.

This region is also witnessing an inflow of foreign investment in manufacturing of confectionery products. South Africa is expected to exhibit progress in terms of income levels, further supporting the strong economic prospects of the African region.

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As per the assessment of Future Market Insights, the global confectionery packaging market was estimated to be valued at nearly US$ 9,200 Mn in 2017 and is anticipated to touch a valuation of nearly US$ 13,200 Mn in 2027 and in the process exhibit a CAGR of 3.7% during the period of forecast 2017-2027.

Anthropomorphic Packaging to Leverage Consumer Appeal Towards Characters in Popular Culture Trending the North America Regional Market

Incorporating anthropomorphic designs of attractive and popular characters into packaging has enabled sweets and candy brands to attract children and fans of such popular characters. Building candy packs in the shape of fictional characters help marketers to leverage the trending popularity of these fictional characters in attracting fans into buying these candies. The trend of anthropomorphic packaging is prevalent in markets with a considerable adoption of popular culture like comics, action and adventure movies and other famous fictional characters. Local as well as international manufacturers of confectionery products regularly develop products in the shape of trending characters and source packaging that suits the shape of such products.

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Global Confectionery Packaging Market: Competitive Landscape

In this report, some of the key players functioning in the global confectionery packaging market have been profiled, which include players such as Amcor Limited, Smurfit Kappa Group, Sealed Air Corporation, Bemis Company, Inc., Crown Holdings, Inc., Berry Global, Inc., Huhtamaki Oyj, Mondi Group, DS Smith Plc., International Paper Company, Sonoco Products Company, WestRock Company, Clondalkin Group Holdings B.V., Schur Flexibles Holding GesmbH, Ahlstrom-Munksjö Oyj, Bomarko Inc., Printpack Inc., Stanpac Inc., MOD-PAC Corp. and Tomric Systems, Inc.

Market Taxonomy

By Confectionery Type

  • Chocolate Confectionery
    • Courtlines
    • Slabs/bars/blocks
    • Boxed assortments
    • Tablets
    • Chocolate with toys
    • Others
  • Sugar Confectionery
    • Gums, Jellies & Pastilles
    • Medicated confectionery
    • Mints
    • Boiled sweets
    • Toffees, caramels
    • Lollipops
    • Other sugar confectionery
  • Gums
    • Chewing gum
    • Bubble gum

By Material Type

  • Plastic
  • Paper & Paperboard
  • Metal
  • Aluminum Foil
  • Glass

By Packaging Form

  • Flexible Packaging
    • Wrappers
    • Stick-packs & Sachets
    • Liners
    • Pouches
  • Rigid Packaging
    • Folding Cartons
    • Corrugated Boxes
    • Trays
    • Containers(metal, plastic and glass)

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

Flatback Tapes Market is expected to witness a CAGR of 5.8% from 2017 to 2027

Future Market Insights (FMI) has published a new report on flatback tapes. The report has been titled “Flatback Tapes Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027.” The report states that faltback tapes have very limited applications as these tapes are mostly used in sectors such as automotive, paper industry, electronics, and packaging. Flatback tapes have smooth paper backing (which is not creped). Creped tapes are a different form of tapes altogether and they have a larger application base as compared to flatback tapes.

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Rubber, acrylic, silicon are commonly used as adhesives. The thickness of the tape varies from 2.5 Mil to 15 Mil. These tapes possess high basis weight, so they can withstand high loads. These tapes are hand tear-able, which makes the manufacturing process simpler and convenient. These tapes have large thickness compared to crepe tapes, but very little elongation, from 2% to 4% mostly. Flatback tapes are commonly used in splicing, packaging and masking applications. Manufacturers are trying to innovate flatback tapes so that they can increase its application base.

For instance, in April 2016, the 3M Company introduced a hand tear masking tape under the brand name ‘Scotch Blue PLATINUM’ for painting applications and better performance. Along this line, in July 2016, Intertape Polymer Group Inc. launched ultra-thin washi paper backed moisture resistant masking tape under the brand name FineLine for achieving better performance while painting.

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The other companies operating in the market are Shurtape Technologies LLC, tesa SE Group, Nitto Denko Corp, Scapa Group plc. and Pro Tapes & Specialties, Inc., among several others. According to the report, the global flatback tapes market is expected to witness a CAGR of 5.8% from 2017 to 2027. The market was worth US$ 858.1 Mn in 2017 and is expected to touch a valuation of US$ 1,505.1 Mn by the end of 2027.

Returning Confidence of Consumers in Retail to Boost Global Market Growth

Regional optimism is rising in North America and Western Europe; is decreasing in regions such as Latin America and the Middle East & Africa; and holds steady in Asia Pacific. India, Brazil, and China represent the highest consumer confidence. The revival of consumer confidence is aiding in the growth of the automotive, FMCG, electronics, and other industries, where flatback tapes are used for the purpose of splicing, sealing, tabbing and masking applications.

The flatback tapes market is moderately correlated with these end use industries as it follows the dynamics of these industries. Countries in Asia Pacific such as India, Indonesia, Philippines, China, Thailand and Honk Kong represent the highest consumer confidence due to high annual GDP growth rates and improving lifestyles of the people. Some countries in MEA such as UAE and Saudi Arabia also represent considerable consumer confidence in their markets.

Flatback tapes are made from paper material, which is biodegradable and highly recyclable. The rising intolerance towards plastic is favouring the demand for flatback tapes. Substitute products for flatback tapes are largely made of plastic, which are expected to create landfill issues. Thereby, implementation of regulations pertaining to environment friendliness, plastic usage and waste dumping in manufacturing industries and other businesses is influencing consumers to choose paper backed tapes such as flatback tapes.

Thickness to Turn out to be a Hindering Factor in the Global Flatback Tapes Market

Flatback tapes have high basis weight compared to crepe paper tapes. This results in higher strength, thickness and low elongation. However, the thickness makes it unfit for majority of applications like carton sealing where the application area includes sharp edges or flexible surfaces. Due to the high strength and low elongation, flatback tapes are easily tear-able by hand. Tear strength is the main area of concern in flatback tapes resulting in a slowdown in the market’s growth.

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Water Soluble Pods Packaging Market expected to reach US $ 400 Mn & ~ 16.4% CAGR Over forecast period 2021–2028

Water-soluble pods packaging  is another offering by the sustainable packaging industry, which is intended to diminish waste disposal around the world. This packaging is beneficial in a lot of ways, which make its products witness a definite market growth. However, a new research report by Future Market Insights predicts an even more positive future for the market.

According to this report titled  ‘Water Soluble Pods Packaging Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028,’ the global water-soluble pods packaging market is expected to witness skyrocketing growth rate in the coming decade. This critical analysis reveals that the global water-soluble pods packaging market is expected to hold a market value of US $ 135 Mn in 2018, reaching a value of US $ 620 Mn by the end of 2028. The exponential CAGR for the global  water- soluble pods packaging market  is expected to stand at 16.4% during the forecast period 2018-2028.

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Water Soluble Pods Packaging Market: Dynamics

The positive aspects related to the usage of water-soluble pods packaging is marking the growth of this market. As the name suggests, these pods are water-soluble, which makes these environment friendly as well. These pods are used in the packaging of laundry detergents, dish wash, spa cosmetics, etc.

The usage of eco-friendly packaging of products is necessary due to excessive usage of plastic around the world, which has led to rising concerns about non-decomposable waste accumulation. Water-soluble (PVA) films are soluble in cold and hot water and hence leave no residue. These beneficial features of PVA are encouraging detergent manufacturers to use it as a packaging material. Procter & Gamble, a global manufacturer of consumer goods and household products has witnessed sales to the tune of US $ 1.5 billion from their product named “Tide Pods and Ariel Pods” are laundry detergent pods.

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However, there are a few myths and risks associated with the usage of water-soluble pods. Some believe that the smell of laundry pods causes irritation and headache. It is also believed that water-soluble pods result in clogging. Other than this, some cases have shown that the consumption of water-soluble pods can be life-threatening. The packaging of water-soluble pods is such that it makes children consume these thinking it to be candy – there have been numerous instances of such cases. All these factors may discourage the use of water-soluble pods, which may result in restricted growth of the global water-soluble pods packaging market.

Preview Global Water Soluble Pods Packaging Market Segmentation Material Type – Poly Vinyl alcohol; Product Type – Single-layer water pods, Dual-layer water pods, Multi chamber water pods; End-Use – detergents, hand wash, dishwash, others (shaving creams); Thickness Type – Below 30 micrometer, 31-60 micrometer, 61 micrometer thickness: 

Water Soluble Pods Packaging Market: Dish Wash and Detergents to Have Neck to Neck Competition

Among the different uses of water-soluble pods packaging, dishwashers and detergents are the most common. According to this research report, the dish wash and detergent markets are expected to witness a similar growth rate in the global water-soluble pods packaging market. However, in terms of market value, the detergents market is way ahead of the dish wash market. The report further indicates that water-soluble pods packaging will be a key part of other end-user industries in the near future.

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Market Taxonomy

Material type

  • Poly vinyl alcohol

Product Type

  • Single layer water pods
  • Dual-layer water pods
  • Multi-chamber water pods

 End use

  • Detergents
  • Hand wash
  • Dishwash
  • Others (shaving creams)

Thickness Type

  • Below 30 micrometers
  • 31-60 micrometers
  • 61-micrometer thickness

region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APAC
  • Japan
  • MY

Global Tea Packaging Market 2021 Outlook, Current and Future Industry Landscape Analysis 2027

Global food and beverage packaging market is growing steadily owing to an augmenting demand for convenience packaging options by customers. Tea market is one of the most competitive and grueling markets regarding both the product as well as packaging. Tea provides numerous health benefits and is gaining immense popularity across the globe. Manufacturers along with tea production are more focused on the packaging of the product to attract more customers.

Tea manufacturers are aiming at sustainable packaging material to reduce the cost involved in recycling as well as logistics. There has been an up surging demand for tea packaging that maintains the freshness and aroma of the tea leaves over a period. The rising number of cardiovascular diseases and other weight related diseases has led to a growing demand for tea attributed to its antioxidant properties and is likely to increase the global tea packaging demand over the forecast period.

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Tea Packaging: Market Dynamics

Global tea packaging market is driven by the rise in the disposable income of individuals of the middle class population. Moreover, consumers are keen on buying packaged products from retail shopkeepers which is further driving the growth of the global tea packaging market. Demand for tea packaging intended for single use is a key factor fuelling the growth of the global tea packaging market. Rising concern among individuals about the health benefits of tea is driving both the tea as well as the tea packaging market.

The fluctuating cost of raw materials used for tea packaging is a restraining factor for the global tea packaging market.  Also, the more innovative the packaging gets, it adds up to the cost of the product making it priced higher than usual which is an inhibitory factor for the global tea packaging market. Packaging type which is recyclable and reusable in nature is a key trend prevailing in the global tea packaging market.

Tea Packaging: Market Segmentation

Global tea packaging market is segmented on the basis of product type, packaging type, and geography. On the basis of product type, the global tea packaging market is segmented into tea bags, pouches, and tea pods. On the basis of packaging type, the global tea packaging market is segmented into flexible and rigid tea packaging. Flexible tea packaging is further sub segmented into stand up pouches such as foiled stand up pouches, foil gusseted bags, sachets, and paper stand up pouches. Rigid tea packaging is sub segmented into cartons and corrugated boxes. Stand up pouches are the most preferred packaging type among consumers and are anticipated to continue their dominance over the forecast period.

Tea Packaging Market: Regional Outlook

On the basis of geography, the global tea packaging market is segmented into Asia Pacific, North America, Middle East & Africa, Latin America, and Europe. Currently, the Asia Pacific region leads the global tea packaging market owing to its large population base as well as the significant quantity exports from countries like India and Sri Lanka all over the globe. The increasing disposable income and the economic growth of these countries is also expected to drive the growth of this market over the forecast period.  Rapid urbanization and increasing preference for lifestyle products are also fuelling the tea packaging market in Asia Pacific region. North America is expected to witness steady growth owing to an increasing demand for ready to drink tea by consumers. Innovative tea packaging is also likely to boost the tea packaging market in North America.

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Tea Packaging Market: Key players

Some of the key players of the global tea packaging market are Fpc Flexible Packaging Corporation, CascadesInc., Hankuk Package Co Ltd., Aero-pack Industries Inc., Detmold Group, Oji Fibre Solutions Food Service Packaging, Bericap Sarl, Can-Pack SA, Hood Packaging Corporation, and Hanil Can Co Ltd.

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.

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

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina)
  • Western Europe (Germany, Italy, U.K, Spain, France, Nordic, Rest of Western Europe)
  • Eastern Europe (Russia, Poland)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

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.

Kokum Butter Market: Notable Developments & Geographical Outlook

The kokum butter is extracted by refining the Kokum kernels using chemical processes of neutralization, bleaching and deodorization. Kokum Butter is composed of beneficial compounds that help to regenerate skin cells. It has a moderate to non-existent perfume and appears like cocoa or shea butter. Kokum butter has outstanding emollient properties and very high oxidative balance which allows kokum butter into many formulations like lotions, lip balms, and soaps.

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The butter extracted from the fruit kernels is rich in vitamin E, and vital fatty acids. Kokum butter is used in dry skin remedies, hair conditioners, infected pores and skin remedies and in many skin care and beauty products. The Kokum Butter is untreated, unrefined, non-deodorized, unbleached and does not contain any chemicals. Furthermore, Kokum is appropriate for ointment, suppositories, and other pharmaceutical purposes. The ointment is used for treating the ulcer, fissures of lips, cracks or cuts in hands and feet.

Market Segmentation:

The Kokum butter market is segmented on the basis of its applications in different industries such as pharmaceutical industry, cosmetic industry and other applications. In the pharmaceutical industry, kokum butter is majorly used in creams, skin lotions, balms, and shaving creams. Similarly, in the cosmetic industry, kokum butter is used in conditioners, lipsticks, body butters, moisturizing creams, hair care products, soaps, and toiletries. Other application includes food products such as confectionery and bakery products. The derivatives of Kokum butter are used as substitutes while manufacturing the chocolates, so the end product doesn’t melt throughout transport in peak summer months. Kokum butter is most stable and hardest exotic butter. It will appear flaky and cracked, though it will melt when comes in contact with skin. It is best to use this together with different oils or butter to make it more pliable and easy to use.

Market Regional Outlook:

On the basis of geography, the kokum butter market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa. In regional markets, Asia Pacific is the largest producer of kokum butter followed by Africa. India is the leading manufacturer of kokum butter across the globe.

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Market Drivers and Trends:

High growth of Kokum butter market is anticipated as the cocoa butter is becoming increasingly expensive and limited availability, Kokum butter is becoming more popular as the substitute of cocoa butter. Due to its uniform triglyceride composition, it is often used as a substitute for cocoa butter as it is more quickly absorbed into the skin without leaving oily feel like many other oils and butter.

Developing market for personal care and cosmetic products has played a major role in fuelling the growth of the Kokum butter market across the globe. Kokum butter has antioxidant properties and prevents drying of the skin and helps in reducing wrinkles. Kokum butter is rich in citric acid, polyphenols and acetic acid malic acid, and   also contains vitamin B complexes, hydroxicitric, potassium, manganese, and magnesium. Kokum butter is used in cosmetic formulations along with other ingredients to make it more pliable.

Kokum butter Market Key Players:

The market for Kokum butter is highly fragmented with a large number of regional and international manufacturers. Some of the key players in Kokum Butter market include International Cosmetic Science Centre, Manorama Group, Biochemica, Marudhar Foods Private Limited, BioChemica International, Keynote International, Villa Germania Alimentos S.A., Madvik Research Labs Private Ltd.,  Fimanus UG Haftungsbeschrankt, Ausmetics Daily Chemicals (Guangzhou) Co Ltd., Zhongshan Desly Foodstuffs Co., Ltd

The report covers exhaustive analysis on:

  • Kokum Butter Market Segments
  • Kokum Butter Market Dynamics
  • Historical Actual Market Size, 2014 – 2015
  • Kokum Butter Market Size & Forecast 2016 to 2026
  • Kokum Butter Market Supply & Demand Value Chain
  • Kokum Butter Market Current Trends/Issues/Challenges
  • Kokum butter Players Competition & Companies involved
  • Kokum Butter Market Technology
  • Kokum Butter Market Value Chain
  • Kokum Butter Market Drivers and Restraints

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Regional analysis for Kokum Butter Market includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Argentina & Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
    • Russia
    • Poland
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • North Africa
    • South Africa

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 regions.

North America and APEJ are expected to account for a major portion of the linerless labels market share

 Linerless labels are designed without a release liner, which reduces the amount of raw material required to manufacture labels, and makes these labels an eco-friendly alternative. Absence of a liner layer saves on extra labor, storage, and transportation costs for end users, and reduces industrial waste and carbon emission. These factors are expected to boost the demand for linerless labels substantially during the forecast period (2019-2029).

Removable linerless labels are estimated to hold a leading position in the global  linerless labels market , and generate an incremental opportunity of US $ 240 Mn from 2019-2024. Prominent packaging manufacturers are continuously striving to offer sustainable and environment-friendly packaging solutions to various end-use industries.

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Key Takeaways of Linerless Labels Market Study

  • Consistent growth of the logistics sector across all geographies, coupled with high requirement of linerless labels for inventory management, asset tracking, and goods distribution, is steadily driving the linerless labels market.
  • The retail industry is a prominent end user of linerless labels, owing to rising efforts across the world to reduce the incidence of counterfeiting.
  • North America and APEJ are expected to account for a major portion of the linerless labels market share. Rapid expansion of pharmaceutical and food & beverage industries is boosting the growth of the linerless labels market in these regions.
  • Digital printing and flexo printing are projected to dominate the global linerless labels market, and hold nearly half of the market share by the end of 2029.

Manufacturers of linerless labels can gain substantial profits by focusing on the Asia Pacific excluding Japan region, attributable to rising demand for packaging solutions due to the rapidly growing food & beverage industry in this region.

Increasing Production Capacity and Acquisitions to Remain Key Growth Strategies

Prominent packaging manufacturers across the world have already shifted their focus from conventional packaging solutions to environment-friendly packaging solutions. This shift is majorly driven by increasing focus towards reducing waste, and high consumer preference towards highly sustainable and eco-friendly packaging solutions. Leading manufacturers are striving to maximize their manufacturing capacities to meet the rising demand for eco-friendly packaging solutions. Additionally, leading linerless label manufacturers are expanding business boundaries to reinforce their market position.

  • In June 2019, RR Donnelley & Sons Company, one of the leading manufacturers of linerless labels, expanded its liners less labels manufacturing platform by adding a new linerless press. This enabled the company to expand its linerless label production to provide innovative linerless labels and enhance operational effectiveness.
  • In July 2019, Coveris completed its acquisition of Amberley Labels, a UK-based manufacturer of high quality self-adhesive labels.
  • In February 2017, CCL industries completed the acquisition of Innovia Group, a prominent producer of linerless labels and packaging solutions, for around US $ 1.13 billion.

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Returnable Plastic Crates Market Remains Afloat amid COVID-19 Pandemic, to Surge Positively, Projects FMI 2020-2030

Nestable Plastic Crates Remain Best-selling

Among the various varieties of returnable plastic crates, the nestable version continues to remain in-demand, with a market value share of nearly 50%. The attributes of lightweight, cost-efficiency, and easy handling of nestable plastic crates are responsible for their unprecedented demand growth in the near future. Further, stackable plastic crates are also witnessing increasing market share owing to their space-effective quotient.

Future Market Insights (FMI) delivers key insights on the global returnable plastic crates (RPC) market in a newly published report. In terms of revenue, the global RPC market is estimated to grow at a CAGR of 5.5% over the forecast period owing to numerous factors about which FMI offers thorough insights and forecasts in this report. RPCs are used for the storage of various fresh products for shipping them from one place to another. These crates are of several types such as stackable, nestable and collapsible and are used based on several end uses and needs.

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How Growth will Unfold

Returnable plastic crates made from high-density polyethylene (HDPE) continue to capture noteworthy portion of the total sales. As HDPE carries the benefits of high impact resistance and sturdy UV barrier, as well as ensures economical storage and transportation, manufacturers are focusing on this polymer material. While HDPE crates account for around 65% of revenue share, the adoption of polypropylene (PP) and other materials will remain steady throughout the forecast period.

Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-6050This report also discusses individual strategies followed by some of the leading companies operating in the global returnable plastic crates market in terms of enhancing their product portfolio, creating new marketing techniques as well as mergers and acquisitions. The competitive landscape included in the report provides a dashboard view as well as company share to report audiences. Key players operating in the global RPC market include Brambles; Myers Industries, Inc.; Supreme Industries Limited; Schoeller Allibert; DS Smith Plc; Dynawest Ltd; Rehrig Pacific Company; TranPak, Inc.; RPP Containers and Ravensbourn Limited.FREQUENTLY ASKED QUESTIONS ABOUT GLOBAL RETURNABLE PLASTIC CRATES MARKET

Which application area holds potential growth opportunities for market players?

The agriculture sector is expected to offer lucrative opportunities, attributable to the growing demand for returnable plastic crates for the bulk packaging of fresh produce and horticulture products.

What are the future prospects of the returnable plastic crates market?

There will be a slight increase in the demand for returnable plastic crates over the next decade, on the back of impressive growth in the agriculture sector. Increasing transportation of seafood, meat, and poultry in developing nations is also expected to offer better growth prospects to players in the global returnable plastic crates market.

Which region will dominate the global returnable plastic crates market?

North America and Western Europe are expected to dominate the returnable plastic crates market during the forecast period of 2019-2029. Rapid growth and penetration of supermarkets, hypermarkets, and retail distributors that serve better packaged goods in these regions are vital factors that are boosting market growth in these mature markets.

Partner Relationship Management Market: Notable Developments & Geographical Outlook

Growing dependence on outside sales channels and external distribution networks across various industries in the b2b environment is the key factor propelling the growth of global partner relationship management market. Partner Relationship Management (PRM) is an application software used to optimise the process for reaching customers through indirect sales channels such as resellers, distributors, brokers, agents and other service partners. Partner Relationship Management (PRM) software is used to define the strategies and methodology for managing relationships between vendors and their channel partners.

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Partner Relationship Management (PRM) software enables the organizations to streamline and customize the business processes throughout their distribution network, by integrating various functionalities, which includes partner requirement, partner on boarding, partner adoption, partner training, partner program management, business plans, channel marketing, channel sales, certification management and business strategy.

Global Partner Relationship Management Market: Market Dynamics

Growing need to control the functional relationship between the organization & external partner channels, and continuous investment by various organizations to enhance partner communication &  to reduce the channel management costs, are the factors increases the demand for partner relationship management (PRM) software globally. Additionally, rising need to provide real-time information, visibility and access to organization’s business strategy, channel plans, new product offerings, and promotional contents across various sales channels, partners, retailers and vendors, accelerates the growth of partner relationship management (PRM) software globally. Also, growing importance to measure the performance of promotional incentives, individual & overall partner performance and sales performance across various channels, further fuels the growth of global partner relationship management market.

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Global Partner Relationship Management Market: Regional Outlook

North America is expected to dominate the market due to continuous investment on effective partner coordination solutions and the presence of major partner relationship management solution providers in the region. Asia pacific is identified as the fastest growing market due changing demand patterns and increasing digital initiatives to enhance the partner relationship.

Global Partner Relationship Management Market: Competition Landscape

The key vendors in the global partner relationship management market, include salesforce.com, inc., Oracle, Impartner Software, NetSuite Inc., Apttus Corporation, PartnerPath, Pegasystems, Entomo, Inc., bpm’online, Bitrix24 and Gorilla Toolz.

The report covers exhaustive analysis on:

  • Global Partner Relationship Management Market Segments
  • Global Partner Relationship Management Market Dynamics
  • Historical Actual Market Size, 2013 – 2015
  • Global Partner Relationship Management Market Size & Forecast 2016 to 2026
  • Supply & Demand Value Chain
  • Global Partner Relationship Management Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Global Partner Relationship Management Market Drivers and Restraints

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Regional analysis for Global Partner Relationship Management Market includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

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.

Compostable & Biodegradable Refuse Bags Market to Hit $20.29 Billion by 2027: Says FMI

In the pharmaceutical industry, counterfeiting has emerged as a major concern for manufacturers and consumers.
Given this,  anti-counterfeiting technologies such as barcodes,  labels and tags are attracting attention among manufacturers. According to a recent report by Future Market Insights (FMI), driven by technological advancements,  pharmaceutical plastic bottle  sales will grow at a CAGR of 10.3% between 2021 and 2031. The market is expected to reach a value of over $79 billion in 2031.

The increasing number of cases of child poisoning due to accidental ingestion of pharmaceuticals has helped introduce child-resistant packaging solutions. These products are typically available in two-piece push-and-turn technology for bottle closures.

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Currently, most promising drugs are available in children’s packaging, which has a major impact on sales of pharmaceutical plastic bottles. There is a constant need for innovation among industry players to sustain itself in an extremely competitive market.

For example,  the introduction of RFID to replace traditional barcodes  aims to increase the convenience of tracking and tracking products. QR codes are the newest addition to the pharmaceutical bottle industry, where they are used for multiple purposes, such as displaying detailed product information, tracking products through the supply chain, or as a means of maintaining logs in pharmacies.

Innovations that increase the utilization of recycled materials are also accelerating in the market. These innovations and technological advances are contributing to progress.

For example, in January 2020, Gerresheimer AG  announced that it would provide customized rigid plastic packaging solutions, including pharmaceutical plastic bottles made from BIO-PET and  R-PET .

Key highlights of the Pharmaceutical Plastic Bottles Market study:

  • Demand for plastic bottles for ophthalmic/nasal formulations will increase to 12.7% during 2021-2031, driven by increased application of corticosteroid drugs.
  • Polyethylene terephthalate (PET)  is expected to account for a dominant share of 30.8% in 2031 as a result of regulations and restrictions on the use of plastics.
  • Bottles with a capacity of less than 100ml are projected to increase the opportunity to $28.1 billion over the next five years.
  • The US will account for more than 82% of the North American market in 2021. However, the country is likely to lose its share of value to active Canadian industries by the end of 2031.
  • China and India will remain lucrative markets due to their large patient populations and investments from the local pharmaceutical industry.

“Pharmaceutical plastic bottles are a relatively economical, lightweight and convenient packaging solution compared to pharmaceutical glass bottles. These products are gaining popularity among manufacturers and consumers. Consumers often choose plastic bottles to avoid the risk of breakage. These factors are expected to drive demand through 2031,” said an FMI analyst.

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Impact of COVID-19 on Pharmaceutical Plastic Bottle Market

The ongoing COVID-19 pandemic has had a negative impact on the packaging industry. Any losses incurred may be due to logistical restrictions and worldwide imposed closures.

Production output has declined due to reduced production capacity and delayed supplies of raw materials. Manufacturers in the pharmaceutical plastic bottle industry have struggled to meet the sudden increasing demand in the market.

With continued easing and unlocking of transport restrictions, the market is expected to grow steadily through 2021 and beyond.

Who is the winner?

Tier 3 players in the pharmaceutical plastic bottle market account for 75-85% of the overall value share. The major players contribute 15-25% of the global market. Strategies related to capacity expansion and investment in product development will gain attention from the industry.

Berry Global Inc.  , Amcor Plc,  ALPLA Werke Alwin Lehner GmbH & Co KG  is a leading player operating in the pharmaceutical plastic bottle market. Additionally, AptarGroup, Inc., O. Berk Company, LLC, Alpha Packaging Holdings, Inc., Comar, LLC are some of the notable players in the pharmaceutical plastic bottle market.

Kegs Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI

 

The worldwide consumption of steel kegs for shipment and storage of beer is anticipated to remain high. The use of kegs as a reliable, cost-effective and appropriate for fermented beverages, furthermore ensuring preservation of organoleptic characteristics and original taste. FMI, in its recent study, stated that the COVID-19 outbreak has impact the market adversely, however, recovery is likely to commence in late 2021.

“Sustained demand for cooking oil remains a key revenue generator for the global kegs market.“ states the FMI analyst.

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Kegs Market – Important Highlights

The global kegs market will surpass US$ 1.67 billion in revenues by 2028-end. Western Europe will remain highly lucrative over the forecast period, due to steady sales in Italy, France and Germany. Alcoholic beverages end use category is anticipated to drive sales in the global market. Steel kegs account for majority of market share

Kegs Market – Drivers

Growing demand for cooking oil is likely to positively impact the market over the forecast period. Increasing demand for premium products such as draught and craft variants is creating opportunities Increasing preference towards flavored alcoholic beverages is projected to benefit the market Legislative regulations backing reduced weight limits appropriate of packaging, will spur adoption of kegs.

Kegs Market – Restraints

Non-return, improper handling or damage of kegs continues to be a challenge for market players Few licensed establishments allowed to install kegs limits opportunities

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COVID-19 Impact on Kegs Market

Although, the market witnessed an increase in sales, on the onset of the pandemic. Players sopped up surplus sales from COVID-19-fueled stockpiling, followed by lost business from operational constraints and closed dining rooms. FMI in its report states that the market is gradually anticipated to pick up pace by the end of 2021 or by 2022 Q1.

Competitive Landscape

Petainer UK Holdings Ltd., Ardagh Group S.A, NDL Keg Inc, AMERICAN KEG COMPANY., Ningbo BestFriends Beverage Containers Co. Ltd, Shinhan Industrial Co, Ltd, Schaefer Container Systems, Blefa GmbH, Julius Kleemann GmbH & Co KG and The Metal Drum Company are a few of the leading market players operating in the kegs market. Market players are focusing on merger and acquisition, collaboration, and partnership to extend their regional presence. Growing number of activities imply that the players working in the global kegs market account for remarkable expansion prospects in the years ahead.

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About the Study

The study offers readers a comprehensive assessment of the kegs market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights according to material (plastic, tin and stainless steel), capacity (up to 20 litre, 20 litre to 40 litre, 40 litre to 60 litre and above 60 litre), end use (alcoholic beverages [beer, wine, spirits and cider], non- alcoholic beverages[soft drinks, RTD beverages, juices and others], cooking oil, chemicals and others), across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

Table Of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Opportunity

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

3. Market Background

3.1. Porter’s Analysis

3.2. PESTLE Analysis

3.3. Macro-Economic Factors

3.4. Value Chain

3.5. Opportunity Analysis

4. Market Forecast

4.1. Market Volume Projections

4.2. Pricing Analysis

4.3. Market Value and Y-o-Y Growth

4.4. Absolute $ Opportunity Analysis