Electrostatic Discharge (ESD) Packaging Market Expectations & Growth Trends Highlighted Until 2030

A recent study published by ESOMAR-certified Future Market Insights on the global ESD packaging market establishes that the market is slated to expand impressively through 2030.

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Deepening internet penetration has accelerated the adoption of various electronic and IoT devices with a view to streamline production and operational efficiency. Hence, production of integrated circuit boards, chips and other material has risen, providing immense scope for expansion of electrostatic discharge packaging solutions.

Prolific developments are expected in the automobile manufacturing segment, with companies seeking to leverage automation and cloud computing systems to generate greater output. However, near-term prospects appear sluggish in the wake of the COVID-19 pandemic.

Key Takeaways from FMI’s ESD Packaging Market Report

  • ESD packaging bags continue to witness high demand
  • Electrical & electronic components manufacturing to witness high adoption of ESD packaging
  • North America to emerge as market hegemon, East Asia to be the fastest expanding market
  • Presence of metallic powder in ESD packaging is likely to impede adoption, owing to high possibility of component damage

“Vendors are relying on customization of product offering to cater to multiple industries, thereby enhancing their future revenue prospects,” comments the FMI analyst.

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COVID-19 Impact Analysis

The COVID-19 pandemic has had varying impacts on the growth prospects of electrostatic discharge packaging across different end-use industries. While uptake across electronics and electrical goods manufacturing has surged, industries such as manufacturing and automotives have registered substantial decline in the past few months.

In the former case, growth has remained sustained due to the enforcement of work from home guidelines by various business organizations. This has stimulated demand for IoT devices such as smartphones and laptops. Hence, production of these devices’ internal assembly parts has accelerated, broadening revenue prospects for ESD packaging solutions.

In the latter scenario, falling production and output levels as a consequence of government-enforced shutdowns has stalled demand for IoT devices in these sectors. Thus, sales of ESD packaging solutions have suffered a substantial fall. This sluggishness is expected to prevail until 2021-end.

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Competitive Landscape

A plethora of manufacturers operate within the ESD packaging landscape. Some prominent vendors include, but are not restricted to: Conductive Containers Inc., Tandem Equipment Sales Inc., Elcom (UK) Ltd., Global STATCLEAN SYSTEMS and NEFAB Group among others.

Amongst all strategies deployed by the abovementioned market players, it has been discovered that offering customized packaging solutions is the best approach in order to withstand the high degree of competition within the market.

Furthermore, vendors are capitalizing on mergers and acquisitions in order to cope with the ever changing market scenario across the most lucrative growth regions. Product innovation is yet another approach adopted by several players.

Global Food Acidulants Market To Register Positive Growth 5.1% During The 2022-2032

Future Market Insights, in its recently published study, projects the global food acidulants market to register positive growth during the 2022-2032 forecast period. Growing consumption of instant foods and beverages is likely to sustain this growth, despite the slowdowns experienced due to COVID-19.

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As urbanization expands, demand for ready-to-eat foodstuffs is increasing, attributed to the adoption of hectic lifestyles. Consequently, their supply is increasing rapidly, filling up shelves in supermarkets and departmental stores. This is providing major traction to food acidulants as they help enhance the shelf-life of such products.

Increasing awareness about food acidulants helping regulate pH levels, olfactory properties preservation, acidity levels regulation and overall enhancement of the functional characteristics of food & beverages are increasing their uptake across numerous food products.

Key Takeaways

  • Liquid form food acidulants to find growing adoption, owing to high beverage consumption
  • Citric acid to emerge as the most widely used food acidulants, attributed to its flavor enhancing properties
  • Food acidulants as preservatives are poised to find immense application across ready-to-eat foodstuffs
  • Beverages segment to register extensive usage of food acidulants through 2030
  • Asia-Pacific to be the fastest growing region, North America likely to retain market dominance

“Hectic urban lifestyles are stabilizing demand for convenience food & beverage products, paving way for beneficial opportunities to food acidulant manufacturers in the future,” comments the FMI analyst.

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COVID-19 Impact Insights

With the world hurtling towards a major financial meltdown, the market for food acidulants is expected to take a substantial hit in its revenue and growth projections until the latter-half of 2021. The pandemic has compelled governments to impose shutdowns, thus impacting industrial production and profit margins across prominent sectors.

Logistical difficulties in procuring raw materials to manufacture food acidulants is leading to production crunches, generating a demand-supply gap. However, this is likely to be offset due to a sustained demand for instant foods and beverages from consumers.

Since the past two months, lockdown restrictions are being lifted, permitting movement of goods and material from one place to another. Also, production cycles are gradually being restored, causing revenue pools to expand. This is likely to sustain projections for the food acidulants market in the coming future.

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Food Acidulant Market Players

The global food acidulants market is highly fragmented, characterized by the presence of several regional and international players. Some prominent players profiled in the report are Tate & Lyle plc, Archer Daniels Midland Company, Brenntag AG, Cargill Inc., FBC Industries Inc., Hawkins Watts Ltd. and Isegan South Africa (Pty) Ltd.

The aforementioned players have been investing in enhancement of their research and development capabilities so as to incorporate technological advancements in their product portfolios. Techniques such as acid encapsulation to facilitate controlled release of acidulants have proven highly effective in maintaining food quality for an elongated timespan.

Besides, prominent vendors are also concentrating on strategic mergers and acquisitions with the objective of increasing their market footprint in the forthcoming decade.

Oxy-fuel Welding Equipment Market Global Industry Analysis, Size and Forecast, 2017 to 2027

Oxy-fuel Welding Equipment Market Overview

Oxy-fuel welding process is a welding techniques utilizing a compressed mixture of high energy density fuel and oxygen to generate a flame capable of elevating the temperature of the material to be welded. The three welding processes that falls under oxy-fuel welding are Oxyacetylene welding, Oxyhydrogen welding, Pressure gas welding and air acetylene welding. Among these four welding techniques, oxyacetylene welding is the most prominent technique adopted for the purpose of welding taking up more than 80% of the market share.

The equipment that is used to propagate the welding technique can be broken down into simple components comprising of gas cylinders, flow regulators, mixing chamber, conveyance tubes and nozzle. Manufacturers of such equipment in the current scenario are more focused on producing individual parts than the standalone systems owing to less cost and ease in assembling. Oxy-fuel welding process is widely preferred in application areas where the availability of electrical power is a constraint while the welding process can be done with or without the use of filler material.

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Oxy-fuel Welding Equipment Market Dynamics

Though oxy-fuel welding technique has limited application in industrial scale operation, its utilization in repair and fabrication industry is the most prominent. Small scale repair shops run by a single or few welders typically adopt oxy-fuel welding technique due to lower investment costs and ability to weld large variety of materials has increased its popularity hence biding well for the growth of the oxy-fuel welding equipment market.

Oxy-fuel welding technique is the least complex among all the welding techniques requiring minimum set up operation. This technique requires the assembly of simple devices such as fuel tank, torch, mixing chambers among others hence, in-depth know how of such techniques is not necessary making it practically useful for people who are new to welding. The non-requirement of electricity in order to initiate the welding process is another factor helping in driving the oxy-fuel welding equipment market even further.

The growth of oxy-fuel welding equipment market is likely to be restrained by the erratic availability of fuels adopted in this technique. Oxygen and acetylene are the two most popular fuels along with hydrogen used as the power source to generate the welding flame in this welding technique. Inadequate supply of such fuels can lead to increase in its prices which can further lead to decrease in demand for oxy-fuel welding equipment thereby retraining the market to improve in the upcoming years.

Another restraint associated with the market is the fragility of entire assembly and the dangers associated with pressurized gases that are used with it. Last but not the least, the weld quality produced from this technique is on the lower scale among all the welding processes hence requiring skilled personnel to achieve a weld of desirable quality, thereby retraining the growth of the market.

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Oxy-fuel Welding EquipmentMarket: Regional Outlook

The oxy-fuel welding equipment market can be related to the performance of the end use industry in each of the seven geographical locations across the globe. The North American market is anticipated to hold a healthy potential for the growth of the market owing to increase in fabrication and repair activities across the region especially in the U.S. The presence of large number of retailers and specialist sellers of oxy-fuel welding equipment is expected to aid in the growth of the market even further. The market in the Asia Pacific region also holds high potential to improve further in the future owing to large presence of small scale welding workshops that rely on cheaper welding options, particularly in  China, ASEAN and India

Oxy-fuel Welding Equipment Market: Market Participants

Examples of some of the major players in the Global Oxy-fuel Welding Equipment market, identified across the value chain include:

  • Illinois Tool Works Inc.
  • Koike Aronson, Inc.
  • Colfax Corporation
  • The Eastwood Company
  • American Torch Tip Company
  • Quality Components Co. Inc.
  • Rexarc International, Inc.
  • Detroit Torch & Mfg. Co.
  • Flame Technologies, Inc.
  • Rotarex S.A.
  • Uniweld Products, Inc.
  • Tewelding Engineers

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

The report covers exhaustive analysis on:

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

Regional analysis includes

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

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.

Oxy-fuel Welding Equipment Market: Segmentation

Oxy-fuel Welding EquipmentMarket can be segmented as follows;

By Process type, the market can be segmented as:

  • Oxyacetylene Welding
  • Oxyhydrogen Welding
  • Pressure Gas Welding
  • Others

By End Use Industry, the market can be segmented as:

  • Energy & Utilities
  • Aerospace
  • Transportation
  • Metal Fabrication
  • Maintenance and Repair
  • Automotive
  • Others

Global Dermatology Lasers Markers Will Progress At 7.2% CAGR Through 2030

The global dermatology lasers markers will progress at 7.2% CAGR through 2030, according to a new study by ESOMAR-certified firm Future Market Insights (FMI). The study opines that increasing demand for technologically advanced medical treatments coupled with the growing prevalence of skin diseases worldwide will drive the market to US$ 1.34 Bn by 2030.

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Having assessed the changing demand patterns during the COVID-19 pandemic, the study opines that the growth of the market is likely to be negatively impacted to an extent on the back of the changing medical preferences of consumers and healthcare institutions.

According to the study, increased spending power and rising awareness regarding the availability of advanced technologies for treating skin-related issues will act as crucial growth drivers through the assessment period.

Moreover, the development of novel technologies to perform hair removal and face rejuvenation procedures coupled with the increasing incidence of skin diseases such as psoriasis and vitiligo will create revenue opportunities.

Leveraging the demand, market players are directing their efforts towards new product innovations to minimize the possibility of side effects caused by the existing products.

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Key Takeaways from Report Include: 

  • Solid-state lasers will account for more than half of market value owing to their efficiency in heating and healing deep skin tissues.
  • Non-ablative lasers remain the most sought-out technology ascribed to minimal side effects.
  • Hair removal and face rejuvenation are poised to remain the most popular application areas for dermatology lasers backed by heightened consumer spending on maintaining appearance.
  • Dermatology & cosmetic clinics segment is expected to channel more than 2/3rd of revenue to the market.
  • North America and Europe will cumulatively account for over 2/3rd of global value, with the former holding the lion’s share.
  • East Asia, spearheaded by China, is expected to exhibit tremendous growth potential on the back of the high burden of skin diseases and improvements in healthcare infrastructure.

“Market players are capitalizing on the growing number of skin diseases and are working on launching innovative products to perform procedures with minimal side-effects,” remarks FMI analyst.

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COVID-19 Impact on Dermatology Lasers Market

The COVID-19 outbreak has resulted in a significant shift in the medical priorities of both consumers and healthcare institutions alike. On the back of the increasing number of infections, governments, and hospitals have prioritized treatment for COVID-19 patients to reduce the mortality rates.

On this premise, non-essential medical procedures, including hair removal, tattoo removal, facial rejuvenation, and scar treatment, among others, have been deprioritized and rescheduled. This has muted the demand for dermatology lasers. However, a swift rebound is expected post-pandemic as people return to their routine and focus on enhancing their appearance.

Who is Winning?

Key players operating in the market are focusing on launching new products to cater to the growing demand for advanced products. Moreover, players are adopting organic strategies such as acquisitions and collaborations to expand their presence. On these lines:

  • In 2017, Sciton Inc., announced its strategic partnership with Michelson Diagnostics Ltd. (MDL), a United Kingdom-based company, to offer advanced personalized skin diagnosis and treatment.
  • In 2018, Cutera, Inc. launched two new products named New Juliet™ laser and Secret RF® micro-needling devices, to treat tissue and skin conditions.

FMI’s report includes profiles of some of the most prominent names in the market including Cutera, Inc., Cynosure, Inc., Alma Laser, El.En and Candela Corporation.

Global Automotive Electric Vacuum Pump Market 2021 : Market Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2027 | Hella, Continental, Youngshin, Tuopu Group

Impact of COVID-19 on Industry

The automotive market growth is anticipated to be hampered owing to the unprecedented COVID-19 pandemic. The market growth declined drastically when the manufacturing units experienced shutdowns for months and a deficiency in raw materials supply and shortage of human resources Owing to the ongoing crisis caused by the COVID-19 pandemic, the production, and supply chain activities have seen a minor slump. However, the market is likely to face a swift turnaround as the economy starts to stabilize.

Future Market Insights has adopted multi-disciplinary approach to shed light on the evolution of the Automotive Electric Vacuum Pump Market during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2020, and key prospects over the forecast period.

The report presents authentic and accurate research studyon the global Automotive Electric Vacuum Pump market on the basis of qualitative andquantitative assessment done by the leading industry experts. The report throws light on the present market scenario and how is it anticipated to change in the coming future. Growth determinants, micro and macroeconomic indicators, opportunities, developments, and key market trends are scrutinized in this report that arelikely to have a major influence on the global Automotive Electric Vacuum Pump market growth.

Besides that, the report offers in-depth analysis of the competitive landscape and the behavior of the market players. This way, market participants can get familiar with the current and future competitive scenario of the global Automotive Electric Vacuum Pump market and take up strategic initiatives to gain a competitive advantage.The market analysts have done extensive study with the help of research methodologies such as PESTLE and Porter’s Five Forces analysis.As a whole, this report can prove to be a handy instrument for the market players to obtain deep insights into the global Automotive Electric Vacuum Pump market and understandthe key prospects and opportunities to raise their profit margins.

Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Future Market Insights to arrive at various estimations and projections of the Automotive Electric Vacuum Pump Market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Automotive Electric Vacuum Pump Market.

Key Players

Major players identified in the automotive electric vacuum pump market include:

  • Hella
  • Continental
  • Youngshin
  • LPR Global
  • Tuopu Group
  • GZ Motorsports

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Segmentation

Based on the type, the automotive electric vacuum pump market is segmented into:

  • Diaphragm Type
  • Swing Piston Type
  • Leaf Type

Based on application, the automotive electric vacuum pump market is segmented into:

  • EV Cars
  • Diesel Vehicles
  • Hybrid Cars
  • Ports Cars
  • Others

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Insights in the Report

  • Full in-depth analysis of the parent market
  • The analysts at FMI adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results. The study not only provides estimations and projections but also a clear evaluation of these figures on the market dynamics.
  • Important changes in market dynamics
  • The various insights in the study are based on extensive cycles of primary and secondary research the analysts engage with during research. The report covers an in-depth analysis of key changes in market dynamics in the recent past and the near future.
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets

Queries Solved

  • What are the size of the overall Automotive Electric Vacuum Pump Market in the Automotive market and its segments?
  • What are the key segments and sub-segments in the market?
  • What are the key drivers, restraints, opportunities, and challenges of the Automotive Electric Vacuum Pump Market in the Automotive market, and how they are expected to impact the market?
  • What are the attractive investment opportunities within the Automotive Electric Vacuum Pump Market in the Automotive market?
  • What is the Automotive Electric Vacuum Pump Market in Automotive market size at the regional and country-level?
  • What are the key market players focusing on?
  • What are the strategies for growth adopted by the key players in Automotive Electric Vacuum Pump Market in the Automotive market?
  • What are the recent trends in Automotive Electric Vacuum Pump Market in the Automotive market? (M&A, partnerships, new product developments, expansions)?
  • What are the challenges to the Automotive Electric Vacuum Pump Market in Automotive market growth?
  • What are the key market trends impacting the growth of the Automotive Electric Vacuum Pump Market in the Automotive market?

Table of Content

  • Executive Summary
  • Market Overview
  • Key Success Factors
  • Global Automotive Electric Vacuum Pump Market – Pricing Analysis
  • Market Background

Reasons to Buy the report

  • Our industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
  • We provide detailed market segmentation, with insights and reports that other companies fail to fetch.
  • We provide the most accurate analysis of the market and its trends because the data collected are from highly reliable sources.

Stick Packaging Market Players Rely on Demand from Food Industry

The global stick packaging market is set to grow steadily, despite COVID-19 induced sluggishness decelerating growth, according to a recent study published by Future Market Insights. This report elaborates on the prominent drivers and success factors that are likely to drive demand during the assessment period.

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Globally, the packaging industry has experienced major developments in recent years. High demand for flexibility and durability of packaging has prompted manufacturers to incorporate novel solutions by utilizing lightweight and eco-friendly material.

Stick packaging offers a host of benefits. Besides its aesthetic appeal, stick packaging helps in maintaining compactness, are lightweight, and prove instrumental in protecting the product from external shocks. Based on these trends, the market is witnessing an impressive surge.

Key Takeaways from FMI’s Stick Packaging Market Study

  • By material, BOPP plastic stick packaging to remain highly preferred. However, paper stick packing is likely to expand rapidly
  • Liquid products sales such as cosmetic creams and food pastes to remain primary users of stick packaging solutions
  • By end use, food industry likely to tower over the rest, owing to high demand for instant consumables
  • Asia to pivot market growth, North America to enjoy substantial revenue share from 2020-2030
  • Product innovations key to ensuring prominent players’ enhanced market presence

“Prominence of sustainable packaging solutions is prompting manufacturers to introduce lightweight, flexible and environmentally friendly material in their existing packaging products ambit,” observes the FMI analyst.

COVID-19 Impact Insights

The novel coronavirus pandemic has drastically impacted global manufacturing capacities, crippling distribution networks and disrupting supply chains. Government mandated shutdowns have caused a decline in production activities, reducing profit margins and stemming revenue inflow.

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Due to this shutdown, the global packaging industry has also suffered several setbacks. The stick packaging market has also borne the brunt of this deceleration. Fortunately, the ever increasing demand for foodstuffs and pharmaceutical products has prompted providers to keep their businesses operational.

Growth is further being fueled by an increasing percentage of customers relying on virtual marketing platforms to avail their supply of essential commodities. Several food and pharmaceutical companies are investing in robust stick packaging solutions for this reason. Thus, a steady growth trajectory is on the cards.

Several regions are already experiencing a resurgence as lockdown restrictions ease.  This is permitting various industries to restart their operations on a full-fledged basis, bridging potential supply-demand gaps. Consequently, the need for stick packaging solutions is also escalating.

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Competitive Landscape

Presence of multiple large, medium & small enterprises renders the global stick packaging market intensely competitive. To survive this breakneck competition, the listed players employ a host of strategies.

New product launches, partnerships & expansions and mergers & acquisitions are amongst the major strategies deployed by the aforementioned vendors. In addition, capacity expansion is also considered an effective growth strategy.

Some prominent players operating in this landscape are Amcor Plc, Glenroy, PrintPack Inc., Sharp, Aranow, Naturelle Ltd., Nellson Anahem, GFR Pharma Ltd., Catalent Inc., Hearthside Food Solutions LLC, Assemblies Unlimited Inc., Lithotype and Fresco Systems USA Inc.

Packaging Testing Market Will Increase At A Stellar CAGR Of 12% Between 2021 And 2031

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.

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.

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.

Medical products and devices are required to go variety of testing services to evaluate the strength and durability of medical device packaging and ensure compliance with defined regulations and standards. Similar consumer electronics companies are also engaging in package testing to eliminate product damage by poor packaging. Rise in number of testing procedures like water-proof testing and drop testing is expected to generate significant revenue in packaging testing market.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.
  • South Korea market will exhibit significant growth owing to increasing demand for sustainable packaging for ready-to-eat and drink food & beverages in the country. South Korea will hold around 14% of East Asia packaging testing market share in 2021.
  • Food and beverage packaging testing registered stupendous growth due to rise in consumption of ready-to-eat packaged foods during pandemic crisis in 2020. The modern packaging offers longer shelf life for necessary food items, and thus are becoming common in households.

“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.

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Competitive Landscape

According to FMI, market players are looking to ramp up their production capabilities as they are planning to introduce new and innovative packaging testing solutions. Strategic partnerships between market players are on the cards, to gain the upper hand in this competitive environment.

In July 2021, ProAmpac, a leading flexible packaging company started new innovation and collaboration center in Rochester, New York. The company aims to expand its physical and analytical laboratory testing services portfolio for multiple applications.

Liquibox and WestRock, two leaders in sustainable packaging collaborated and developed a “Ships In Own Container (SIOC)” bag-in-box solution for Amazon in 2021. This new packaging system reduces waste and eliminates the leakages, costly returns and brand reputation damage.

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.
  • Institut fur Produktqualitat GmbH
  • Campden BRI

Geocomposites Market: Worldwide Industry Analysis and New Opportunities Explored By 2027

 

Geocomposites are planar sheets made of composite materials containing at least one layer of geosynthetic products involving geotextile, geogrid, geonet, geomembrane, etc. The selection of combination materials depend upon the application and purpose of the layer addressed in the optimal manner and at minimum cost. They are mainly used as liners in drainage facilities, for erosion control, road constructions and in several other applications. The growing construction industry and several cleaning projects initiated by the governments are expected to propel the demand for geocomposites, especially in the developing countries across the globe. Owing to its various important functions, such as filtration, drainage, separation and liquid barrier, the global market for geocomposites is expected to witness significant growth during the forecast period.

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Geocomposites Market: Regional Outlook

Significant investments are planned and implemented by the governments in the development of road and rail infrastructure including construction of flyovers, bridges and tunnels in Asia Pacific, which is expected to fuel the demand for geocomposites in the region. Large-scale projects such as One Belt and One Road, Maritime Silk Road, and Silk Road Economic Belt projects in China are expected to boost the demand for geocomposites in the region over the coming years. The growing demand for geocomposites coupled with significant presence of global manufacturers in North America make it a prosperous market for geocomposites. The growing construction industry in countries such as Brazil and Mexico is expected to fuel the demand for geocomposites in Latin America over the forecast period. With increasing concern regarding the environment in both the public as well as private sectors, the demand for geocomposite products is expected to witness significant growth in the European market during the forecast period.

Geocomposites Market: Key Participants

Examples of some of the market participants identified across the value chain of the global geocomposites market include:

  • Koninklijke Ten Cate B.V.
  • Officine Maccaferri S.p.A
  • Thrace Group
  • Tensar Corporation
  • HUESKER Synthetic GmbH.
  • NAUE GmbH & Co. KG
  • Low & Bonar PLC
  • GSE Environmental Inc.

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

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Geocomposites Market: Segmentation

The global geocomposites market can be segmented based on primary function type, composites type and application.

On the basis of primary function, the global geocomposites market can be segmented as:

  • Separation
  • Reinforcement
  • Filtration
  • Drainage
  • Containment

On the basis of composites type, the global geocomposites market can be segmented as:

  • Geotextile – geonet composite
  • Geotextile – geomembrane composite
  • Geomembrane – geogrid composite
  • Geotextile – geogrid composites
  • Geotextile/polymer – core composites

On the basis of application, the global geocomposites market can be segmented as:

  • Road construction
  • Railways
  • Retaining walls
  • Dams, Riverbanks, Waterworks,
  • Landfill & Erosion Control
  • Others

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

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About Future Market Insights (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, and has delivery centers in the UK, 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.

Corrugated Automotive Packaging Is Likely To Reflect Moderate Growth From 2020 To 2030

According to a 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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According to the report applications of 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.

In addition, continued demand for plastic and foam based corrugated packaging and increased niche applications for engine and battery components are likely to aid the industry for years to come. On the other hand, strict regulations about automotive component standards in terms of safety and the environment will restrict industry prospects. Also, high capital costs in the industry are expected to restrict market developments to large scale players.

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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East Asia remains a leading market, supported by a vast automotive industry and numerous packaging material manufacturing facilities. Further, South Asia is also expected to be a key contributor on the back of demand from India, Indonesia, and Thailand.

“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.

Covid-19 Effect on Corrugated Automotive Packaging Market

The coronavirus outbreak has had a largely negative impact on the corrugated automotive packaging industry. Lockdown restrictions on the automotive, manufacturing, and packaging sectors will result in a sharp decline in demand.

Also, restrictions imposed on international trade in terms of raw materials and components and restricted operations at production plants are likely to have a disruptive impact on the market in the short term. Recovery is likely to be sluggish owing to uncertainty over duration and severity of the outbreak, with growth likely to rise through 2021.

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Who is Winning?

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.

Industrial Drums Market is Expected to Exhibit a CAGR of 7.1% From 2017 to 2027

Future Market Insights has recently published a report titled “Industrial Drums Market: Global Industry Analysis (2012 – 2016) & Opportunity Assessment (2017 – 2027).” The report states that the preference for industrial drums is steadily rising owing to their convenience and inexpensive nature. A drum is a round and hollow holder utilised for delivery of mass freight.

Drums can be made of steel, thick paperboard (usually known as a fibre drum), or plastics, and are for the most part utilised for the transportation of fluids and powders. Drums are regularly used for the shipment of unsafe products. Sent products must be coordinated with the make of the drum and it is important to adhere to relevant regulations. Drums are additionally called barrels in like manner use.

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The global industrial drums market is expected to exhibit a CAGR of 7.1% from 2017 to 2027. The market is expected to rise to a valuation of approximately US$ 17,684 Mn by the end of the forecast period. On the basis of product type, steel drums are expected to account for a leading share of over 73% by the end of 2027. Although steel drums are anticipated to lead the market throughout the forecast period, the use of plastic drums is expected to rise in the years ahead owing to their inexpensive nature.

Inexpensive and Convenient Nature of Industrial Drums to Fuel Global Adoption

One of the significant factors triggering the demand for industrial drums is the convenience and inexpensiveness offered by industrial drums. The performance of the manufacturing sector and industrial output has further supported the demand for industrial drums in the global market. Manufacturing activities in India and China are challenging at one hand and the ASEAN countries are competing to match up to this, thus intensifying the demand for industrial drums.

The performance of European countries has stabilised and is likely to grow at a modest rate resulting in heightened demand for products used for shipping purposes. As there is a high co-relation between industrial output and demand for industrial drums, with a stabilised manufacturing sector output, the enhanced demand for industrial drums is evident. Though the demand for these industrial products is likely to be highly concentrated in the APAC region, a substantial contribution to the global demand is also anticipated from other clusters such as the Middle East and Eastern Europe. The Western Europe and North America markets are likely to post perpetual demand during the forecast period.

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APEJ to Present Lucrative Growth Prospects for Industrial Drums

The Asia Pacific except Japan or APEJ region is witnessing headway in the consumption of industrial drums for exporting vegetable oil and wines. Oil exporters in South East Asian countries including Indonesia and Malaysia are preferring industrial drums over other bulk packaging products. Industrial drums provide higher operational efficiency and effectiveness in shipping bulk quantities of commodities in liquid form. Exports from ASEAN countries of products such as palm oil is witnessing strong demand in India, China and countries across Europe. The exports of vegetable oil and related products has grown by 1.5x between 2007 and 2016. Industrial drums have emerged as a cost-effective transport packaging solution for shipment of other non-hazardous materials such as wines, fruit juices, etc. Countries in the APEJ region with strong agricultural output are improving their export volume by implementing effective means of storage, transport and packaging solutions.

Preview Analysis on Industrial Drums Market Segmentation By Product Type – Steel Drum, Plastic Drum, Fibre Drum; By Capacity Type – Up to 100 Litre,100 to 250 Litre,250 to 500 Litre, Above 500 Litre; By End User Type – Food & Beverages, Chemical & Fertilisers, Pharmaceuticals, Petroleum & Lubricants, Building & Construction, Paints, Inks, & Dyes, Other End Uses: https://www.futuremarketinsights.com/reports/industrial-drums-market

Product Quality to be of Primary Concern to Market Players

The players operating in the market are mainly focussing on enhancing their product quality and differentiating from their competitors in order to maintain a stronghold over the market. Some of the companies operating in the global industrial drums market are Greif, Inc., Sicagen India Ltd., Balmer Lawrie & Co. Ltd., Time Technoplast Ltd., Schutz Container Systems, Inc., Mauser Group B.V., Industrial Container Services, LLC, TPL Plastech Ltd., Eagle Manufacturing Company, and U.S. COEXCELL Inc.

More from FMI‘s Cutting-edge Intelligence:

  • Nylon Films for Liquid Packaging Market Nylon Films for Liquid Packaging Market Segmentation By Material Type – Nylon 6, Nylon 6,6, Nylon 6,12,Others; By Product Type – Pouches, Multi-Layer Pouches, Bags (Bag-in-Box, Bag-in-Tubes, Liquid Packaging Cartons,Others),Others; By Application Type – Hot Fill Packaging, Bulk Food Packaging, ESL, Aseptic Packaging, Others; By End Use Type – Food, Beverages, Personal Care &Cosmetics, Home Care, Industrial, Other: https://www.futuremarketinsights.com/reports/nylon-films-for-liquid-packaging-market
  • Plastic Caps and Closures Market Plastic Caps and Closures Market Segmentation Cap Type – Screw Closures, Snap Closures, Push-Pull Closures, Others; Material Type – Thermoplastics, PE, LDPE/LLDPE, HDPE, PP, Others (PS, PET, etc.), Thermosets; End Use – Beverages(Non-Carbonated Drinks(Alcoholic Beverages, Bottled Water, Fruit Beverages, Ready to Drink Beverages, Sports Drinks), Carbonated Drinks), Food, Pharmaceuticals, Household, Cosmetics & Personal Care, Others (Chemical & Fertilisers, etc.): https://www.futuremarketinsights.com/reports/plastic-caps-and-closures-market