Market Research Blog – Page 15697 – New Product Development

Wax Box Market Companies Analysis, Advancement And Precise Outlook 2030

This Wax Boxes market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Wax Boxes market.

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In the upcoming business report, FMI details the historical and current scenarios of the global Wax Box market in terms of production, consumption, volume and value. This report studies the market into different segments, regions and players based on demand patterns and growth prospects.

The vital information and forecast statistics covered in the Wax Box market report provide established and emerging market players with the insights they need to formulate long-term strategies and maintain business continuity during crises such as the ongoing COVID-19 pandemic.

Analysis of COVID-19 Impact on Wax Box Market

The recent COVID-19 outbreak has negatively impacted various markets in the packaging industry, and the Wax Boxes market is no exception. Products classified as ‘necessities’ continued to record strong sales, while demand for non-essential products plummeted.

In response to government action, particularly social distancing norms and stay-at-home orders, companies operating in the wax box market have stopped production. In addition, movement restrictions and supply chain disruptions have created a logistics nightmare for market participants, resulting in severe product shortages in global markets. Several market players plan to shift their supply chains from China, the first epicenter of COVID-19.

FMI’s report includes an interesting chapter on the preliminary impact of COVID-19 on the wax box market. This helps both major and emerging market players to understand market scenarios during crises and make sound decisions to gain a distinct competitive advantage.

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Wax Box Market: Segmentation

The valuable information covered in FMI’s Wax Box market report has been segmented into major segments and sub-segments.

based on product type,

wax saturation box
surface coating box

Based on closure ,

one piece closure
- self-locking closure
- staple lock closure
two-piece closure
- self-locking closure
- staple lock closure

The wax coating to the base ,

section
double-sided

Wax Box Market: Competitive Analysis

FMI’s research provides a comprehensive analysis of global, regional, and country level players operating in the Wax Boxes market. Competitive information detailed in the Wax Box market report is based on each market player’s innovative product launches, distribution channels, local networks, industry penetration, production methods, and revenue generation. Additionally, growth strategies and mergers and acquisitions (M&A) activities related to players are included in the wax box market report.

The key players covered in the report are:

packaging product construction
Start Bay Corrugated Inc.
SCHC Logistics and Packaging
Southland Container Co., Ltd.
box me

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Important Questions Answered in Wax Box Market Report

Who will remain the highest revenue contributors in other regional markets?
At what rate did the global wax box market expand during the forecast period?
What will the global wax box market look like by the end of the forecast period?
What are the innovative strategies adopted by the Wax Box market players to stay ahead of the market?
What are the restrictions affecting the growth of the global Wax Boxes market?

Highlights of the report

Growth Drivers and Opportunities: Comprehensive analysis of growth drivers and opportunities for market players in various regional markets
Recent Trends and Forecasts: A detailed assessment of the latest trends, technological developments and forecasts over a 5- or 10-year period.
Segment Analysis: What differentiates the role of these segments in an extensive analysis of each segment and market revenue forecasts and growth rate analysis
Regional Market Forecast: A thorough analysis of each regional market to provide stakeholders with the information they need to make important decisions
Competitive landscape: Comprehensive insights into leading and emerging players contending for a piece of the Wax Box market

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services serving clients in more than 150 countries. FMI is headquartered in Dubai, the global financial capital, with shipping centers in the United States and India. FMI’s latest market research reports and industry analyzes help companies navigate the challenges and make important decisions with confidence and clarity amid fierce competition. Customized and syndicated market research reports provide actionable insights that drive sustainable growth. FMI’s team of expert-led analysts continuously track new trends and events across a wide range of industries to prepare clients for the evolving needs of consumers.

contact

Mr. Debashish Roy
Unit Number: AU-01-H Gold Tower (AU) This conspiracy: JLT-PH1-I3A
Jumeirah Lake Towers, Dubai,
United Arab Emirates
market access initiative, DMCC
sales inquiries for:  sales@futuremarketinsights.com
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High Barrier Film Packaging Marke Global Insights, Trends And Huge Business Opportunities 2020 To 2030

Hectic routine and the resulting convenience products requirement, along with the microwave cooking popularity has contributed to rising use of microwave-able retort ready meals packed in stand-up pouches and trays.

Flexible packaging solutions including, retort pouches, reseal able zippers, and spouts are replacing rigid pack designs, such as glass jars and metal tins. Customers’ growing requirement for product safety and convenience are encouraging increment in high-barrier packaging films demand. The global market will expand at a steady CAGR by the end of the forecast period.

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In future business reports, FMI details the historical and current scenarios of the global high barrier film packaging market in terms of production, consumption, quantity, and value. The report scrutinizes the market to different segments, regions and players based on demand patterns and growth prospects.

Key information and forecast statistics covered in the High Barrier Film Packaging Market Report provide existing and emerging market players with the insights they need to develop long-term strategies, and crises such as the ongoing COVID-19 pandemic. Maintain business continuity during the period.

COVID-19 High Barrier Film Impact Analysis on the Packaging Market

The recent outbreak of COVID-19 has adversely affected various markets in the packaging industry, and the high barrier film packaging market is no exception. Products considered “essential” continued to record significant sales, while non-essential products faced a sharp decline in demand.

Following government measures, especially social distance norms and home orders, companies operating in the high barrier film packaging market have ceased production. In addition, mobility restrictions and supply chain disruptions have created logistic nightmares for market players, creating a serious product shortage in the global market. Some market players are further planning to relocate the supply chain from China, the first epicenter of COVID-19.

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The FMI report contains an interesting chapter on the preliminary impact of COVID-19 on the high barrier film packaging market. This helps both key market players and emerging market players understand market scenarios during a crisis and make the right decisions to gain a clear competitive edge.

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High Barrier Film Packaging Market: Segmentation

The valuable information covered by FMI’s High Barrier Film Packaging Market Report is divided into major segments and sub-segments.

By technology

Polymer nanocomposite
ORMOCER
Multilayer film
Bethera barrier film
Sustainable barrier coating
Melamine-based barrier coating
others

By material

Biaxially stretched polypropylene
Cast polypropylene
Biaxially oriented polyethylene terephthalate
Biaxially stretched polyamide
Transparent high barrier film
Low density polyethylene
Linear low density polyethylene

By product type

Pouch & bag
Tray lid film
Wrapping film
Stand-up pouch
Web formation
Blister pack

High Barrier Film Packaging Market: Competitive Analysis

The FMI survey provides a comprehensive analysis of global, regional and national players active in the high barrier film packaging market. The competitive information detailed in the High Barrier Film Packaging Market Report is based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation for each market player. .. In addition, player-related growth strategies and merger acquisition (M & A) activities are included in the High Barrier Film Packaging Market Report.

The main players covered by the report are:

Bemis Company, Inc.
Amcor Limited (Australia)
American pouch
Unpack Oliver-Torus
Shielded air

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Key Questions Answered in High Barrier Film Packaging Market Report

Which end users will continue to be the top revenue contributors in different regional markets?
At what rate is the global high barrier film packaging market expanding during the forecast period?
What will the global high barrier film packaging market look like by the end of the forecast period?
What are the innovative strategies adopted by players in the high barrier film packaging market to stay ahead of the pack?
What are the constraints affecting the growth of the global high barrier film packaging market?

Main offerings of the report

Growth Drives and Opportunities: Comprehensive analysis of factors and opportunities that drive the growth of market players in different regional markets
Recent Trends and Forecasts: A detailed assessment of the latest trends, technological developments, and forecasts for 5 or 10 years.
Segment analysis: Extensive analysis of each segment and differentiating factors for the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecasting: A thorough analysis of each regional market to provide stakeholders with the information they need to make important decisions.
Competitive Landscape: Comprehensive insights into both key players and emerging players competing for part of the high barrier film packaging market

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in more than 150 countries. FMI is headquartered in Dubai, the world’s financial capital, with distribution centers in the United States and India. The latest of FMI market research reports and industry analysis is , companies overcome the challenges in the fierce competition, will help to make clear the important decisions with confidence. Customized and syndicated market research reports provide actionable insights to drive sustainable growth. A team of FMI expert-led analysts continuously track new trends and events in a wide range of industries, ensuring that clients are responsive to the evolving needs of consumers.

contact

Mr. Debashish Roy
Unit Number: AU-01-H Gold Tower (AU), Plot Number: JLT-PH1-I3A,
Jumeirah Lake Towers, Dubai,
United Arab Emirates
Market Access DMCC Initiative
Sales Inquiries: sales @ futuremarketinsights.com
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Sterile And Antiviral Packaging Market Eyewitness Massive Growth By 2030

The sterile and antiviral packaging market is heading towards a new era of packaging with the adoption of advanced manufacturing processes. With growth projected at a strong CAGR of over 5% during 2020 – 2030

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The sterilization and antiviral packaging market is fragmented and the majority of players operate locally. Key market players such as Amcor and Placon Corp. are adopting inorganic strategies such as mergers and acquisitions to stay competitive. In addition, small and medium-sized manufacturers Deufol are seeking to increase production capacity to maintain in the sterile and antiviral packaging market.

The global sterile and antiviral packaging market is subdivided to cover every aspect of the market and present readers with full market intelligence.

By packaging type

Thermoforming tray
Sterilized bottle / container
Vials and ampoules
Sterilization closure
Prefilled syringe
Blister & clamshell
IV bag & pouch
Sterilized wrap
Others (sterile lid, etc.)

By material

plastic
Glass
metal
Paper and paperboard

By application

Pharmaceuticals and biology
Surgical and medical equipment
Food and beverage packaging
others

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Leading players in the sterilization and antiviral packaging market are devoted to antiviral blister packs, vials and ampoules, suggesting that companies are concentrating on improved materials for sterilization packaging. As of 2020, companies are focusing on strengthening their supply chains to meet the markets they need during the COVID-19 pandemic.

Important points of the survey

Ampoules and vials continue to attract huge investments from stakeholders in the sterile and antiviral packaging market. Multi-compartment packaging products such as thermoformed trays and blister packs reflect potential value creation opportunities.
Plastics have a wide range of applications in sterilization and antiviral packaging, including pouches, thermoformed trays, clamshells, and other packaging products. The adaptability of molding plastic materials into a variety of high barrier properties allows for widespread adoption in sterilization and antiviral packaging.
Brand protection and hygiene are important elements of any business, especially in the healthcare sector. Leading players in the sterilization and antiviral packaging industry are focused on integrating various technological enhancements for product security and, in particular, improving the packaging quality of surgical and medical devices.

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Potential impact of COVID-19 on market performance

During the coronavirus (COVID-19) pandemic, customer behavior and attitudes can change significantly. Immediate impact is a consumer concern about the ability of the virus to survive on the surface of the package, which will fuel the demand for sterile and antiviral packages with antiviral and antiviral properties. Consumer sentiment about consumption can become very concerned about safety and risk of contamination, which can exponentially boost demand for sterile and anti-virus packaging during the forecast period.

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Inflatable Packaging Market Remains Afloat Amid COVID-19 Pandemic, To Surge Positively, Projects FMI 2020- 2030

The scope for inflatable packaging is rising at an unprecedented rate. Manufacturers are fast transitioning from conventional materials such as glass and paper to more flexible alternatives bubble wraps and air pillows, opines a new study by ESOMAR-certified market research firm Future Market Insights.

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As e-commerce and online sales experience a massive spike, people are increasingly demanding products such as cosmetics, ready-to-eat foods, beverages, healthcare & hygiene products, consumer electronics and nutraceuticals through virtual sales platforms. These products require proper packaging solutions while in transit.

Leading players in the inflatable packaging market include Pregis Corporation, Smurfit Kappa Group, Automated Packaging Solutions Inc., Macfarlane Group PLC, Polyair Interpac Inc. and Inflatable Packing Inc. among others.

The aforementioned players invest in tremendous amounts of research and development so as to launch new packaging solutions, keeping in mind the existing demand trends within several end-use industries.

Pregis Corporation is among the frontrunners of the global inflatable packaging solutions market. Its solutions include the Ascent, ChamberPark, HC Versa, AirSpeed 5000, Smart and MINI PAK’R packaging approaches to name a few. It offers these solutions on an industry-specific basis.

“Deepening internet penetration has propelled e-commerce sales of various consumer products, prompting vendors to develop innovative flexible packaging solutions,” concludes an FMI analyst.

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COVID-19 to Usher in Minor Deceleration

The coronavirus pandemic has resulted in significant disruptions across key industries. Government mandated lockdowns to curb the virus’s spread have resulted in narrow profit margins and reduced cash inflow. Logistical arrangements to transport goods have been impacted, leading to piling up of inventories.

Such disruptions have directly and indirectly impacted the packaging market. Until 2021, analysts predict the global inflatable packaging market to remain in doldrums across certain industries such as automotive & allied industries and shipping and logistics. Growth is expected to be restored post-pandemic.

Key Segment

Packaging Type

Bubble Wraps
High Grade
General Bubble Wrap
Low or Limited Grade

Material

PE
LDPE
HDPE
PA

End-Use

Personal Care and Cosmetics
Healthcare
Homecare
Automotive and Allied Industries
Electrical & Electronics

Key questions answered in the report

Comment on the inflatable packaging market’s growth prospects.According to FMI, the inflatable packaging market is scheduled to experience a steady CAGR during 2020-2030.
What drivers underpin market growth?Growth of the inflatable packaging market is largely dependent upon the increasing demand for flexible, lightweight and robust packaging solutions by several retailers, wholesalers and distributors to transport fragile goods.
Identify the most frequently used inflatable packaging type.Bubble wraps are the most prominent inflatable packaging solutions in use. This popularity is not expected to wane in the projected forecast period, attributed to surging volume of online sales.However, the air pillow segment is witnessing rapid adoption, owing to greater effectiveness in protecting goods from external shocks and its lightweight properties.
Which is the fastest growing region for the inflatable packaging market?North America is expected to remain the most lucrative market for inflatable packaging solutions sales in the upcoming forecast period. Rising demand for flexible packaging solutions by consumers is the key growth driver for the region.East Asia represents a highly promising region due to a rapidly expanding food & beverage and healthcare industry. China is slated to pivot the majority of the growth in the forthcoming decade.

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Key Takeaways

By packaging type, bubble wraps are expected to be the most widely used. However, air pillows are fast catching up

By end-use, food & beverage segment to capture an impressive revenue share
PE derived inflatable packaging materials are expected to capture the majority of the market, attributed to its leakage proof property
North America to pivot global growth, East Asia to follow close behind

About FMI

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

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
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Luxury Rigid Boxes Market’s Advanced Research & Growth Opportunities In Global Industry By 2030

Luxury rigid boxes have been an ideal solutions for product premiumization. They add to the appearance and aesthetics, boosting sales of the beauty and personal care products. This has prompted the end-use segment to use luxury rigid boxes to make impactful designs to lure in more consumers. With a booming beauty products market, analysts anticipate that luxury rigid boxes will see excellent growth opportunities.

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Luxury rigid boxes market is projected to reach over US$ 5.4 Bn by 2030, as per the new market study published by the ESOMAR recognized research firm Future Market Insights.
“Luxury rigid boxes are the elegant and sophisticated medium for presenting products. Additionally, these boxes promote impulse purchasing of the products. Demand for luxury rigid boxes among end users is consistently increasing to build and enhance positive brand image. In spite of declining phase of luxury rigid boxes market in 2020 due to COVID 2019, significant revenue generating opportunities are anticipated with explosive nature of e-commerce and digital shopping,” says and FMI analyst.

The global leaders of beauty and personal care industries including Unilever, L’Oréal, Estée Lauder Procter & Gamble, and Shiseido and Coty have collectively reported soaring revenues, which is expected to translate with bigger budgets for luxury packaging of products. North America and Asia Pacific leading market for beauty and personal care markets and holding nearly 64% market share. All of these statistics point towards brilliant growth opportunities for luxury rigid boxes, which are continuously evolving to keep with the changing demands. Today, demand for eco-friendly packaging materials is also being factored in the production of luxury rigid boxes.

The key players of global luxury rigid boxes market are Robinson Plc, McLaren Packaging Ltd, DS Smith Packaging Limited, PakFactory, Madovar Packaging Inc., Burt Rigid Box, Inc., Holmen AB ADR (Iggesund Paperboard), Elegant Packaging, Elite Marking Systems, Design Packaging, Inc., Bigso Box Of Sweden, ACG | Ecopack (Finn Industries, Inc.):, JohnsByrne, Sunrise Packaging, Inc., Asia Korea Printing Inc., Bell Printers, Prime Line Packaging, Autajon, Npack ltd., Taylor Box Company, among others.

Impact of COVID-19 on Luxury Rigid Boxes Market

Manufacturers across the globe are facing several challenges in production of luxury rigid boxes due to COVID-19. This is primarily due to disrupted supply chain and trade related regulations. COVID-19 has had a negative impact on the economic activities and unfortunately, a quick recovery of the situations is possibly difficult. However, as global supply chains are disrupted, governments across various regions are considering stimulus packages to revamp the economy.

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Increasing Spending on Luxury Goods Boosts Demand for Luxury Packaging

Launch of new stores across developed and developing countries fuelling the consumption trends around luxury market are expected to complement market growth. Growing number of Millennials and Generation Z with high disposable incomes, reaching their spending peaks are setting trends with regards to shopping for luxury items.

Key Segment

By Packaging Type

Hinge Lid Box
Collapsible Box
Rigid Sleeve Box
Shoulder Neck Box
Two Piece Box
Telescopic Box
Others

By Closure Type

Magnetic Closure
Ribbon Tie
Mechanical Lock
Frictional Seal

By Insert Type

With Insert
Without insert

By Material

Fabrics
Metals
Plastics
Paper & Paper Board

Personalized Luxury Boxes for Confectionery Packaging Gains Special Attention

Confectioners and bakers have been opting for luxury boxes for artisanal packaging of products to establish brand value and maintain transparency about ingredients. Chocolate gifting luxury boxes with custom messages are a sustained trend in the market. Many confectionery shops and delivery services provide the option of printing personalized images or photos on luxury boxes to delight their customers.

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Key Takeaways of Luxury rigid boxes Market Study

Consumer goods industry is estimated to account for more than 1/3rd of the luxury rigid boxes market by 2030
Two piece boxes estimated to have an incremental opportunity of US$ 268 Mn by 2025
Paper and paperboard estimated to account for 68% of the global market by value, and reach slightly over US$ 3.6 Bn in 2030
Magnetic closure is estimated to gain by 180 bps of current market share during the forecast period
Foam inserts are estimated to have a significant market share by insert types, accounting for more than half of the market share by 2030

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Pet Care Packaging Market Witness A Spike In Growth Pace Recent Improvements In Pricing Models : FMI

Future Market Insights’ latest report on the pet care packaging market brings to fore the key dynamics accelerating growth prospects for the 2020-2030 forecast period. As per its projections, FMI infers that the pet care packaging market is poised to cross the US$ 10 billion mark, flanked primarily by the increasing proportion of pet ownership across all continents.

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“Prominent vendors are incorporating eco-friendly packaging solutions, in tandem with growing environmental consciousness by end-users and customers,” remarks the FMI analyst.

A rapidly seeping trend of nuclearization of families is compelling individuals to seek companionship from other living beings. Consequently, pet humanization is picking up major pace, thus heightening expenditure on pet care products such as pet foods, healthcare products, cosmetics and nutraceuticals.

Some prominent vendors analyzed in this report are Amcor Ltd., AptarGroup Inc., Ardagh Group S.A, Bemis Company Inc., Coveris Holdings S.A, Crown Holdings Inc. and Constantia Flexibles Group GmbH among others.

A multitude of market strategies are being deployed by the aforementioned vendors in order to survive the cut-throat competition levels across potential regions. Strategies such as product innovations, mergers & acquisitions, portfolio expansion and accelerating R&D are proving highly effective in deepening the players’ regional and global footprints.

COVID-19 Impact Insights

As the COVID-19 pandemic tightens its noose around the global economy, a worldwide recession is on the cards. With various industries experiencing production crunches due to lockdowns, revenue and profit margins have taken a turn for the worse in the past few months.

Consequently, online sales of various pet care products has compounded, prompting pet care product vendors to capitalize on this new trend to extensively market and sell their merchandise. Minor production crunches experienced in the initial months of the pandemic due to logistical constraints are already eroding, restoring the market projections.

Key Segments :

Material Type

Plastic
Paper & Paperboard
Metal
Other Packaging Material

Packaging Type

Cans
Bags & Pouches
Folding Cartons
Tubes
Blister Packs
Plastic Bottles & Jars
Others (Tubes, Cups, etc.)

Application

Dry Food
Wet Food
Pet Treat
Frozen

End Use

Cats
Dogs
Birds

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Key questions answered in the report

What is the pet care packaging market size?According to FMI, the global pet care packaging market is scheduled to surpass the US$ 10 billion valuation by 2030. This positive growth is largely a result of surging pet ownership and a consequent increase in pet care expenditure.
Which is the most widely used material for pet care packaging?Paper & paperboard packaging materials are likely to garner major traction, owing to increasing concerns amongst manufacturers and customers about the hazards of using conventional packaging materials such as metal on the environment.Moreover, the era of flexible and lightweight packaging is augmenting usage of paper & paperboard packaging across major industries, including the pet care packaging market.
Which pet care packaging is most used?While cans are expected to glean maximum revenue throughout the assessment period, the popularity of bags & pouches is augmenting multifold. Rising demand for pet foods and accessories is likely to push up demand for the aforementioned packaging types.
Which is the largest market for pet care packaging?Asia-Pacific is expected to be the fastest growing pet care packaging market. Majority of this growth is likely to occur across the emerging economies of India, China and Japan.

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Key Takeaways from FMI’s Pet Care Packaging Market Study

Heightening pet food demand to accelerate pet care packaging market prospects
Metal materials to continue holding major sway, paper & paperboard acquiring high momentum
Bags & pouches likely to acquire surging popularity, driven by high demand for flexible packaging solutions
Cat food packaging to emerge as the fastest growing segment, dog food to reign supreme

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Packaging Testing Market Will Reach At A Stellar CAGR Of 12% Towards 2031-End: FMI

Future Market Insight (FMI) estimates that packaging testing revenues will increase significantly from 2021 to 2031, with worldwide revenues up 12.3% year over year in 2021. Driven by introduction of new standards and regulations to increase sale of packaging testing equipment, the packaging testing market is forecast to reach valuation of US$ 12.60 Billion by the end of 2021.

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Consumers are seeking convenient packaging options which are lab tested and stand true on the parameters of quality and quantity defined by regulation committees. Package testing is performed on packaging materials using scientific equipments to evaluate the suitability of contact material with processed and frozen foods, medicines drugs, etc.

“Rise in cases of chronic ailments have accelerated the demand for pharmaceutical drugs across the globe. Growing need for safe and secure packaging to protect the drugs will drive the market growth in upcoming years,” says the FMI analyst.

Increasing demand for recyclable and biodegradable packaging has fueled the demand for packaging testing for different packaging materials under different conditions. Pharmaceutical drugs and food and beverage manufacturers are employing packaging testing to fulfill the complex packaging standards to build brand reputation. These factors are emerging as the key growth drivers in packaging testing market.

Prominent players operating in the packaging testing market are:-

SGS SA
Intertek Group Plc
Bureau Veritas SA
Eurofins Scientific SE
ALS Limited
TUV SUD AG
Mérieux NutriSciences Corporation
Microbac Laboratories Inc.
National Technical Systems Inc.
EMSL Analytical Inc.

Introduction of new standards by International Organization for Standardization, ASTM International, European Committee for Standardization, TAPPI, Military Standards, and ISTA (International Safe Transit Association) are also making a positive impact on the market growth.

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Increasing consumer demand for rugged product packaging along with growing demand from product manufacturers for packaging that are highly durable and keeps product safe from impurities and damage will propel the packaging testing market growth throughout 2031.

Key Segments Covered in Packaging testing Market Study:

Testing Type:

Physical
Chemical
Microbiological

Material Type:

Plastic
Metal
Paper and Paperboard
Glass
Wood and Others

Packaging Application:

Food and Beverages
Healthcare
Pharmaceuticals
Medical Devices
Chemical and Fertilizers

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Key Takeaways from FMI’s Packaging testing Market Study

North America packaging testing market is poised to grow at a prolific 10% CAGR during the forecast period. Growth uptick can be attributed to strict regulatory compliances issued by U.S. Food and Drug Administration, high demand for packaged foods and increase in consumption of medicines in U.S. and Canada.
Driven by rise in export and production of sustainable and safe packing in U.K. and Germany, Europe packaging testing market is forecast to grow at astronomical CAGR of 11.2% through 2031.
Japan will account for 26% of East Asia packaging testing market share, in the wake of rising geriatric population and increasing demand for pharmaceutical drugs for treating chronic diseases in the country.

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Corrugated Automotive Packaging Market 2021: Increasing Demand For Efficient Management Practices Report

Recent report by Future Market Insights (FMI) the market for corrugated automotive packaging is likely to reflect moderate growth from 2020 to 2030. The sector is expected to benefit from sustainability initiatives in the packaging industry. The growth trajectory of the global corrugated automotive packaging market is projected to be significantly affected throughout 2020. A substantial dip in comparison to previous years is likely, largely owing to the effects of the coronavirus pandemic on the global automotive sector.

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“Original equipment manufacturers (OEMs) in the automotive industry are displaying increased preference towards corrugated packaging options owing to easier recycling, lower costs of shipping, and low weight. Corrugated packaging products are easier to customize as per the needs of the end user through the supply chain,” said a lead analyst at FMI.

In its latest report, Future Market Insights has given a detailed analysis of the many strategies being employed by market players in the corrugated automotive packaging market. Leading players are largely emphasizing on product development and launch strategies in addition to strategic acquisitions and capacity expansions.

Some of the major players in the industry include International Paper Company, Sonoco Products Company, Mondi Group Plc, Sealed Air Corp, WestRock Company, Greif Inc., DS Smith plc, and Smurfit Kappa Group plc, among others.

Key Segments

Layer Type

Single Face
Single Wall
Double Wall
Triple Wall

Product Type

Trays
Corrugated Partitions
Corrugated Pallets
Octabins
PoP Displays

Automotive Parts

Automotive Filter
Battery
Engine Components
Lighting Components
Underbody Components

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Corrugated packaging will primarily find use for lighting components, owing to safety standards associated with electronic parts, with boxes remaining a popular option for efficient logistical supply chain operations. The market is expected to gain from industry acquisition and capacity expansion strategies and investments towards product development.

The FMI report provides an overview of the industry, covering key dynamics in the market. Some of the top takeaways of the report include:

The corrugated automotive packaging market has been valued at over US$ 1.7 billion in 2019, and the growth rate of the market is likely to be strongly affected by the covid-19 outbreak, owing to lockdown restrictions on the manufacturing and automotive sectors
Corrugated boxes remain the preferred packaging format, owing to benefits in stacking, and efficiency in logistical operations from suppliers to end users
Packaging for automotive lighting will generate higher demand as that of batteries, engine components, filters, and electrical among others. Engine and battery packaging applications are likely to reflect faster growth owing to lower risk of accidental discharges

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What research methodology is followed by FMI?
FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions.
Who are the respondents for primary research?
FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.

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Pharmaceutical Unit Dose Packaging Market Witness A Spike In Growth Pace Recent Improvements In Pricing Models: FMI

FMI, in its upcoming business report, elaborates the historical and current scenario of the global Pharmaceutical Unit Dose Packaging market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

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Crucial information and forecast statistics covered in the Pharmaceutical Unit Dose Packaging market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on Pharmaceutical Unit Dose Packaging Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Pharmaceutical Unit Dose Packaging market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Pharmaceutical Unit Dose Packaging market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Pharmaceutical Unit Dose Packaging market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Important Questions Answered in the Pharmaceutical Unit Dose Packaging Market Report

Which end user remains the top revenue contributor in different regional markets?, At what rate has the global Pharmaceutical Unit Dose Packaging market been expanding during the forecast period?, How will the global Pharmaceutical Unit Dose Packaging market look like by the end of the forecast period?, What innovative strategies are adopted by Pharmaceutical Unit Dose Packaging market players to stay ahead of the pack?, What are the restraints affecting the growth of the global Pharmaceutical Unit Dose Packaging market?

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Rapid Expansion Projected For BOPA Films Market During (2020 – 2030)

Global BOPA films market will witness remarkable opportunities during the coming decade as flexible packaging becomes more popular among the consumers. Over the last few years, consumers have rapidly inclined towards flexible packaging owing to its portability and convenience factors such as resealability, microwaveable packaging, easy-open packs, carry-away packs, and longer shelf lives.

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Unitika Ltd., Mitsubishi Chemical Corporation, Toray Advanced Film Co., Ltd., and Winpak Ltd. are the top players operating in the BOPA films market. Besides, Kolon Industries Inc., Hyosung Corporation, TOYOBO Co., Ltd., A.J. Plast Public Company Limited, Sojitz Plastics America Inc., and Domo Chemicals are some other prominent players in the BOPA films market.

BOPA films are suitable for packaging of food products like frozen and cooked food, liquid and viscous food, liquid bag-in-box, fruits & vegetables, which has won them a special place in food packaging amongst most vendors.

“The demand for BOPA films in packaging is expected to increase in the years to come as the companies opt for flexible for functional solutions at affordable pricing. Increasing beauty and cosmetic industry and rising demand for improved packaging in the pharmaceutical industry are also projected to give the BOPA market a shot in the arm,” says an FMI analyst.

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Technological advancements in pharmaceutical packaging such as next-generation blister packaging and serializable blood & parenteral nutrition bags made from BOPA films are expected to play a crucial role in demand growth of the market.

Processed food products are susceptible to damage if they are exposed to biological or atmospheric impurities. Thus, producers are constantly striving for ways to maintain the quality while prolonging the shelf life.

The excellent protection offered by BOPA films against moisture and gas are expected to make them a preferred packaging solution amongst end users.

Demand for Transparent Packaging Solutions for Easy Recognition to Up BOPA Consumption

Transparency of a package is often a preferred form of packaging by most end users. If consumers aren’t able to see what’s inside the package, they are less likely to purchase it. As the demand for see-through packaging is on the rise, particularly in the packaging of food products, it is expected to boost the uptake of BOPA films.

Clearer packaging gives a visually pleasing look and therefore enhances the product’s shelf visibility. Thus, transparent packaging serves as a value addition to the consumer goods market, where product separation and quick identification is the focal point.

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Impact of COVID-19 on BOPA Films Market

Significant amount of BOPA films demand is reliant on food packaging industry. The BOPA films are used in the packing of meat & poultry, cheese, frozen food, ready-to-eat foods, fresh fruits and vegetables. Due to COVID–19 outbreak, people are also opting for packaged food items, which has had a short-term positive impact on the market.

Consumers are expected to prefer packaged food due to its limited handling. Furthermore, as the packs can be disinfected and stored, consumer are likely to spend more on this segment.

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