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FutureMarket Insights’ new market research report on Wood  Sheath  Market includes 2014-2018 Global Industry Analysis and 2019-2029 Opportunity Assessment. The report analyzes the Wood Sheath Market and provides important insights for the forecast period 2019-2029. According to the findings of the report, the global Wood Sheath Market is expected to experience significant growth over the forecast period owing to several driving factors.

The global wood sheathing market is estimated to reach a value of approximately USD 150 million in 2019 and expand at a CAGR of approximately 5.0% during the forecast period. In the report, FMI suggests that wood sheaths are a superior alternative to plastic and steel sheaths because of their environmentally friendly and biodegradable properties. The global market for wooden sheaths is segmented on the basis of product, end use, sales channel, and region: North America, Latin America, Europe, South Asia, East Asia, MEA, Oceania, and others.

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As global sustainability drives reach new heights, many end-users, especially the food service industry, are leaning towards green solutions and biodegradable products, resulting in a surge in demand for wooden sheaths. According to FMI’s analysis, exploiting opportunities in new sectors and regions where restrictions on the use of single-use plastics are imposed will be the key to gaining a competitive advantage for market players. .

North America to stay at the forefront

According to a study by FMI, North America is expected to remain at the forefront of the global wooden sheath market over the forecast period. In North America, the wooden sheath market is expected to be driven by the increase in the number of short-lived households due to the improvement of living standards and changes in lifestyle. The rapid adoption of online food services in the region is further driving the demand for wooden sheaths. At the same time, growing demand for biodegradable cutlery and rising awareness of the negative impact of plastics will contribute to the growth of the wooden cutlery market.

There are many opportunities in East and South Asia

East Asia holds a large share of the global wooden sheath market and is expected to achieve a noticeable CAGR during the forecast period. In East Asia, China continues to be a prominent market and is projected to account for half of the revenue share during the forecast period. With low labor costs and high worker efficiency, China produces a large number of wooden knives. Chinese wooden sheaths are available at relatively low prices and are exported in large quantities to other regions.

In South Asia, India is expected to remain the main market for wooden sheaths. Online food delivery systems are growing at an alarming rate in the region with the evolution of organized food service retail chains. Growing demand for consumer convenience is driving food delivery and cutlery consumption. Awareness-raising programs by players in the wooden cutlery market, such as PappcoGreenware, about the impact of disposable plastic cutlery are increasing the trend towards biodegradable and eco-friendly cutlery in the region. Therefore, this trend is expected to support the growth of the wooden sheath market in South Asia.

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Wood Sheath Market: Vendor Insights

In this report, Future Market Insights has presented several strategies adopted by the key players in the Wood Sheath Market which are currently tracked through development analysis. The key players profiled in the Wood Sheath Market report include Huhtamaki Group Oyj, Chefast Kitchen Accessories, Mede Cutlery Company, Eco-gecko Products Inc., Caoxian Luyi Wooden Product Co., Ltd., Bambu LLC, VerTerra. Included. Tableware, Leafware LLC, Biopac UK Ltd., Vegware Ltd., Bio Futura BV, Ecoware Biodegradables Inc., Ecoriti, Vrag Fils AirlaidPvt. Ltd, Natural Tableware, Packnwood (First Pack), Biotrem, Pavrex Wooden Products, Greenwood (Dalian) Industrial Co., Ltd., PappcoGreenware, etc.

For additional insights on the Wood Sheath Market,  write to our analysts   at  press@futuremarketinsights.com .

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Packaging Market Intelligence  Details   :

Paper Bag Production and Sales Analysis   Polypropylene Film Market Analysis   Plastic Tumbler Market Analysis   Glass Container Market   Pallet Packaging Market

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We essentially provide personalized syndicated research reports, custom research reports and consulting services. FMI provides a complete packaged solution that combines current market intelligence, statistical anecdotes, technical inputs, valuable growth insights, and aerial photography of competitive landscape and future market trends.

Worldwide sales of bagasse tableware products were valued at ~ US$ 1.7 Bn in 2018, unveils the new research study by Future Market Insights (FMI). According to the report, the bagasse tableware products market is projected to expand at a CAGR of ~ 6% during the forecast period of 2019-2029.

According to the report, increasing focus on sustainable and tree free renewable resources for manufacturing tableware is projected to create high demand for bagasse tableware products throughout the forecast period. Consumers’ proclivity towards eco-friendly and single-use products is expected to further fillip the growth of market in the next decade.

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Sustainable products is likely to remain at the front and center of the foodservice industry, offering a multitude of opportunities for the bagasse tableware products market in coming years. According to FMI’s analysis, stringent regulations pertaining to the use of single-use plastic in several countries has compelled manufacturers to shift towards the development of environment-friendly products, thereby potentially raising the demand for bagasse tableware products.

As the foodservice industry continues to expand across the globe, it simultaneously generates momentous demand for bagasse tableware products. Further, as sustainable products with exceptional characteristics continue to bolster in the marketplace, it is likely to offer a competitive edge for the bagasse tableware products market players.

Bagasse tableware products are sturdy, water & grease repulsive, offer excellent suitability with extreme temperature range, and are entirely biodegradable & compostable. These factors are likely to make the product an ideal choice for serving and packaging variety of hot as well as cold food products.

Certain factors including innovative products offering at affordable prices remain one of the winning imperatives to expand the consumer base. Due to this, bagasse tableware products manufacturers are striving to improve the product quality to retain freshness, increase the shelf life of the food, and possibly reduce any external contaminations. To achieve these, manufacturers prefer high-quality material to improve the strength, purity, and safety of bagasse tableware products.

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Entrance of New Players in the East & South Asia Bagasse Tableware Products Market

The foodservice industry is booming in the East & South Asia regions owing to improved economic conditions, rapid urbanization, and increasing disposable income. The demand for bagasse tableware products are rising due to increasing popularity of ready-to-eat meals. Also, a growing number of mobile food vendors and the emergence of bagasse tableware products proven to maintain the temperature and minimized the leakage & spillage are foreseen to gain momentum in the coming years.

Easy availability of raw material, economical labour, and high growth opportunity are among factors enticing new players to enter into the market. Currently, the bagasse tableware products market is in the growth phase, and significant investment is likely to be fruitful due to the increasing demand for eco-friendly tableware. The East Asia South Asia bagasse tableware products market comprises of fewer international and huge local players. The capacity expansion of the international players and a growing number of local players are foreseen to result in heavy competition among vendors. These ultimately is projected to have a smart & competitive price of bagasse tableware products in the future.

FMI’s business intelligence also underlines groundbreaking insights into the competitive scenario of the bagasse tableware products market, along with highlights of manufacturers’ differential strategies. Key performers in the bagasse tableware products market are channelizing their efforts to maintain their position in the market by offering quality products that are cost-effective. Bagasse tableware product manufacturers are also adopting strategies such as acquisitions. For example, the acquisition of BIOPAC UK LTD by Duni AB in the year 2018. According to the report, manufacturers are also focusing on capacity expansion, product innovation, and improving operational efficiency to match the increasing needs of consumers in the market.

The folding IBCs are made from FDA approved and 100% recyclable materials that provides a safe and secure reusable package. Folding IBCs can withstand the effects of sun, wind, rain, ice or snow and allow for a long-term outdoor storage. These are highly preferred by manufacturers for storage of their products. Most of the demand for folding IBCs packaging comes from food and beverage industry.

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Folding IBCs Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’ is a crystal clear overview of the global folding IBCs market during the forecast period. The report includes all the crucial details of the market dynamics and the trends prevailing in the industry. According to this comprehensive research report, the global folding IBCs market is expected to witness a rise in the demand for its products. Several advantages of folding IBCs is attracting many businesses and manufacturers.

The folding IBCs are space efficient and are specially designed to improve handling, produce savings and also to address environmental issues for all hazardous and non-hazardous liquids. The sides of folding IBCs can be folded inward when the unit is empty allowing the IBC to collapse into a much smaller package for return shipment or storage. Almost all rigid folding IBCs are designed in such a manner so that they can be stacked vertically one atop the other using a forklift. The smooth interior and exterior surfaces of the folding IBCs reduce the opportunities for product contamination and allow for easy container cleaning.

However, with the growing popularity of folding IBCs, it is also finding its application in many other industries such as chemicals, petrochemicals, cosmetics, etc.

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The market forecast depicts that the global folding IBCs market is expected to grow at a CAGR of 4.8% during the forecast period, reaching a market size of over US$ 520 Mn by the end of 2027.

Global Folding IBCs Market: Segmental Analysis

Based on material, plastic material leads in terms of market size, with an expected market size of over US$ 430 Mn by the end of 2027. However, metal material for folding IBCs is expected to witness faster demand in the coming years. Metal is expected to lead in terms of CAGR with 5.1% during the forecast period.

On the basis of capacity, 500-1000 L capacity has the highest expected market share US$ 240 Mn by the end of 2027. In terms of CAGR, 1000-1500 L dominates the global market.

Based on packaging content, liquid segment is way ahead solid and semi-solids segment with a market share of over US$ 400 Mn by the end of 2027. However, solid and semi-solid segment is expected to reflect a higher growth rate of over 5.1% during the forecast period.

Among the various application areas of folding IBCs automotive and mechanical part is expected to witness the fastest growth during the forecast period. However, chemicals segment is the dominating segment in terms of market size and is also not much behind mechanical segment in terms of growth rate.

Based on region, APEJ is expected to reflect highest market share among all the major regions, with the highest demand for Folding IBCs by the end of the year of assessment

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Global Folding IBCs Market: Competitive Landscape

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

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

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

Ecommerce Fulfillment Hubs Aggressive in Development & Implementation of Automation Systems in Warehouse & Logistics

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

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

Surging trade activities coupled with robust demand for packaging from various end-use industries are driving complications in transit packaging management. This has further led toward the introduction and high adoption of the efficient fleet management systems for facilitating management of tracking & cleaning containers, maintenance activities, and fleet sizes, in order to deliver safe and efficient transportation of goods. Soaring emphasis on the product safety during transportation has fuelled adoption of corrugated boxes, as they facilitate the process of recycling and are more sustainable for the environment.

The environmental issues play a fundamental role in selection, business practices, and product design of transit packaging. Prominent retailers currently demand for less wasteful and more efficient transit packaging solutions, with their motivation for using “greener” packaging materials rowing in tandem with the environmental sensitivities of players driving the market for transit packaging globally.

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Key Research Findings from the Report

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

Occupancy of numerous local, regional, and multinational players has made nature of global transit packaging market fragmented, wherein regional players are increasingly competing against international players via provision of various innovative solutions at relatively lower prices. International players are likely to retain their dominance in terms of quality, range of offerings, features, and cost. Wide scope for innovation is being highly sought-after by the market vendors, owing to surging demand from the food, fertilizer, pharmaceutical, and chemical industries.

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

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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

Pails are a type of cylindrical containers that are usually made up of plastic or metal and are used in the storage of liquid or semi-liquid industrial products. There are various factors that are contributing to the expansion of global industrial pails market. A major factor is the rapid growth of the chemical and pharmaceutical industries.

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

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

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

4 Forecast Highlights on Global Industrial Pails Market

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

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Competition Landscape

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

For further insights into the global industrial pails market, write in to Future Market Insights analysts at press@futuremarketinsights.com

About Packaging Division at Future Market Insights

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

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