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Meat Snacks Market Predicted to Attain US$ 21.3 Billion by 2032

The Meat snacks market is anticipated to reach a worth of US$ 10.1 billion by 2022 and then grow at a CAGR of 7.7% from 2022 to 2032, hitting US$ 21.3 billion by 2032.

Meat snacks are now available in refrigerators and the ambient aisles of retailers, in addition to convenience stores. Several supermarkets feature dedicated end-cap displays for meat snacks.

They are available to travellers at sporting goods shops, booths, cafes, and vending machines. Sales have increased significantly as a result of the improved product visibility.

To capitalise on impulse purchases, marketers frequently employ sophisticated retail merchandising equipment such as racks and displays for optimal assortment and positioning.

Because of the high protein content of goods such as tuna, prawns, and crabs, demand for plant-based seafood will rise significantly over the evaluation period. As more individuals switch from plant-based to animal-based meat, demand for meat products is expected to climb. The big players are concentrating on generating plant-based meat that is as tasty, delicate, and nourishing as animal meat.

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Key Takeaways from Market Study

Sales of meat snacks are expected to increase at 8% and 7.7% CAGR in North America and the Latin America, respectively, through 2032.
Asia Pacific is expected to account for 30% market share during assessment year.
Europe meat snacks market is expected to reach US$ at 2.2 Bn over the forecast period on the back of rising consumption of meat food products
By product type, the food industry holds the highest market share and is expected to increase at a CAGR of 5.6%.

Competitive Landscape

Key manufacturers of meat snacks market are focusing on research & development to offer different varieties of plant-based and sugar-free meat products. Key players are collaborating and developing new product lines to penetrate untapped markets

Hormel Foods Corp expands its Columbus® Craft Meats brand by launching Columbus® Pepperoni Paninos in retail stores. The y are dried and premium quality pepperoni rolled with mozzarella cheese and prepared using specific cuts of pork mixed with authentic spices.

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Future Market Insights, in its new report, offers an impartial analysis of the global meat snacks market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Meat Snacks Market By Category

By Product Type:

Jerky
Sticks
Sausages
Others (Pickles, Bars)

By Sales Channel:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

The report covers exhaustive analysis on:

How much is the global meat snacks market worth?
What is the demand outlook for the meat snacks market globally?
What was the last 5-year CAGR for the meat snacks market?
At what rate will meat snacks demand grow in Europe?
At what rate will meat snacks demand grow in North America?

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Surging Demand for Gummed Tapes: Fiber-Reinforced Types Shine, Projected 6.2% CAGR Through 2031

The gummed tapes market is on a trajectory of remarkable growth, projected to witness a ~6.2% Compound Annual Growth Rate (CAGR) from 2021 to 2031. A recent market forecast reveals a nearly twofold increase in sales within this period.

The study underscores the shift in demand towards fiber-reinforced gummed tapes, outpacing traditional paper gummed tapes, with demand surging fourfold in 2020. In 2021, Europe emerged as a frontrunner, accounting for nearly 25% of market share, while East Asia, driven by increased gummed tape production in China and Japan, is anticipated to grow by 7.8% Year-on-Year (YoY).

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Future Market Insights (FMI) envisions a comprehensive comparison and review analysis of gummed tapes market dynamics, shaped by a range of industry factors including influences such as the cost-effectiveness of light packaging pressure-sensitive tapes compared to paper gummed tapes.

Recent market advancements include the introduction of biodegradable and recyclable material tapes. Notably, in April 2022, 3M collaborated with Innovative Automation Inc. to offer manufacturers an automated tape application solution characterized by precision, repeatability, and high output.

FMI’s analysis indicates a projected 20 basis share points (BPS) decline in the gummed tapes market in H1-2022 compared to H1-2021. A subsequent decline of 40 BPS change is observed in the comparison between H1-2022 projected and actual outlook period. This change in growth rate is attributed to the presence of alternative materials like heat-activated tapes and BOPP packaging tapes, which limit the expansion of the gummed tapes market.

These tapes perform well in the normal temperature ranges once applied to the corrugated box. They also provide ease and convenience to seal the box with the highest level of safety and security to the box and also can be easily opened without the use of cutting tools.

On the back of such aforementioned factors, the global gummed tapes market is projected to surpass US$ 1.9 Bn by the end of 2031.

Key Takeaways:

By backing material, the fibre reinforced tape is expected to hold around 90% of the market by 2031.
Brown gummed tapes segment is forecast to hold maximum share in the global market registering 6% CAGR during the assessment period.
In terms of adhesives, the starch adhesives is projected to expand by 2x over the next decade.
Based on application, the splicing segment is poised to expand at a CAGR of 7.5% by 2031, registering year-on-year growth by 8% during 2025-2027.
By end use, shipping & logistics, food & beverages segment and electrical & electronics segment are anticipated to, collectively, hold around 40% of the market share.
North America, Europe, and East Asia are projected to hold approximately 65% of the market share by the end of 2031.

“Increasing need for enhanced product safety and improved package sealing solutions across shipping & logistics, electrical & electronics, and building & construction industries is propelling the demand for gummed tapes. Expansion of aforementioned end-use industries in East Asia is expected to create growth opportunities for market players.” says an FMI analyst.

Elimination Of The Gluing Step To Fuel The Sales Of Gummed Tapes

The tapes applied with glue have the risk of falling off from the product or container as the temperature or weather conditions changes. Therefore, this not only leads to the defect in the sticking but also affects the product safety by increasing the risk of product damage during the transportation process.

Use of gummed tapes eliminates the gluing step and thereby makes the sticking and tape application process easy. This also saves time along with the better sticking and adhesion properties as compared to the traditional tapes.

Gummed Tapes Market by Category

By Backing Material:

Paper Gummed Tapes
Fiber Reinforced Gummed Tapes

By Product Type:

White Gummed Tapes
Brown Gummed Tapes

By Adhesive Type:

Starch Adhesives
Other Adhesives

By Application:

Box & Carton Sealing
Splicing
Others

By End Use:

Shipping & Logistics
Building & Construction
Food & Beverages
Electrical & Electronics

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Sustainability Concerns To Encourage Gummed Taped Demand

Gummed paper tapes are made using the natural paper and are much easier to use as compared to the plastic packaging tapes. Due to mono materials, these tapes are easy to recycle along with waste carton boxes and therefore reduces recycling challenges over multi material packaging formats.

Unlike the traditional tapes, the gummed tapes do not need an additional synthetic adhesive for the sealing process and thereby proves an eco-friendly sealing option for the variety of end-user industries. This is expected to burgeon the sales of gummed tapes.

Competitive Landscape

3M Company, Intertape Polymer Group Inc., Shurtape Technologies LLC, Holland Manufacturing Co., Inc., Loytape Industries Sdn Bhd, Papertec Inc., LPS Industries LLC, Windmill Tapes & Labels Ltd., Neubronner GmbH & Co., KG, Maxfel Srl, Can-Do National Tape, Suzhou Tongxie Adhesive Tape Co., Ibergum S.A., and Waterproof Corporation Pvt. Ltd. are key players operating in the global gummed tapes market.

Author:

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Specialty Paper Market Poised for Remarkable Growth: Valuation to Reach US$ 26.9 Billion by 2033

The Specialty Paper Market is on a dynamic trajectory, positioned to achieve a valuation of US$16.3 billion in 2023 and an anticipated CAGR of 5.1% from 2023 to 2033, culminating in a projected worth of US$26.9 billion. This growth is fueled by escalating demand for distinct paper products tailored to unique applications. The Kraft segment, particularly in luxury packaging, is set to contribute significantly, with an expected expansion of 7.1% during the forecast period.

Furthermore, the top three countries are forecasted to command 40% to 45% of the global market share by 2023, signifying concentrated growth. A substantial influence is drawn from the realm of interior design, as the demand for specialty paper intensifies alongside the trend of ornate home decor in both developed and developing regions. With its pivotal role in the flexible packaging paper market, the Specialty Paper Market is carving a niche as a resilient and innovative sector within the broader paper industry.

Specialty paper comes with various added benefits such as moisture resistance, lightweight, waterproof, cost-effective, customizable, and others. It is available in numerous types as per the requirement of end-use application such as décor paper, Kraft paper, thermal paper, carbonless paper, and others. Specialty paper is also non-reactant in nature, which is suited for food & beverage packaging. Considering the overall benefits, the global specialty paper market is projected to experience soaring demand among several industries, especially packaging and building & construction.

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Over the past few years, specialty paper is gaining high popularity as it provides an aesthetic look to the product. It is also used for decoration and wrapping, which would attract numerous industries. Future Market Insights anticipates that there is an ample amount of opportunity for manufacturers of specialty paper in the next ten years. This growth is attributed to rising usage of specialty paper in various sectors. Demand for specialty paper seems to be lucrative across various regions.

Key Takeaways from Specialty Paper Market

Décor product type segment is estimated to hold nearly 41% of share in 2023 and expand by 1.7 times the current specialty paper market during the forecast period.
Based on end-use application, the packaging segment is expected to create an incremental revenue opportunity of nearly US$ 5.0 billion in the next ten years.
India specialty paper market is estimated to generate a share of around 44% by the end of 2033.
The USA specialty paper market is likely to expand by 1.8x the current value during the forecast period.
Germany specialty paper market is anticipated to expand at a CAGR of 3.4% during the forecast period.

“The finest paper to use for creating decorative objects is a specialty paper with good printability. Due to urgent need for aesthetic goods that are both biodegradable and environmentally friendly, specialty paper enables producers to offer a wide range of products that are in high demand,” says a lead analyst at Future Market Insights.

Increasing Specialty Paper Demand from Shipping & Logistic Industry to Aid Sales

E-commerce has developed as a global marketplace for almost all people of the world. Due to worldwide shipping and payments system made user friendly, the e-commerce industry has witnessed tremendous growth in recent years.

Rising e-commerce industry means a surging demand for packaging materials to ship products in all parts of the world. Specialty paper offers a wide range of packaging solutions to the e-commerce industry, as well as shippers and logistics partners to package the final product while transiting. Growth of e-commerce has a direct positive impact on expansion of the specialty paper market. It is expected to generate high demand for specialty papers over the forecast period.

Biodegradability and Emergence of Nanomaterials to Push Specialty Paper Sales in Untapped Areas

Paper produced by using wood and wood pulp as raw materials is an environmentally friendly product in comparison with plastic. The latter takes a long period to decompose. Molecular structure of specialty paper is very effective to develop newer variants of it, especially according to the requirement of end users.

Nanomaterials of specialty papers make it suitable for making several by-products from the paper itself. Large untapped markets can be a lucrative opportunity for all the key players in the specialty paper market. They can market their products as biodegradable and suitable for several applications.

Technological Upgradation of Paper Manufacturing Process Promises Future Growth

Initially, paper makers produced a large amount of waste as they lacked the right equipment for producing paper. The trash produced can now be used as a basic material to make papers or other commodities, which was previously impossible due to a lack of the necessary technologies.

Development of innovative paper manufacturing equipment has reduced waste in the process of generating paper virtually in half and enhanced productivity for paper makers. Technologically upgraded papermaking equipment would also give paper producers more manufacturing options. Future expansion in the specialty paper market would be ensured by rising industry standards and introduction of technological solutions.
Competitive Landscape: Specialty Paper Market

Mondi plc, Nippon Paper Industries Co., Ltd., Domtar Corporation, Stora Enso Oyj, International Paper Co., UPM¬-Kymmene Oyj, Ahlstrom¬Munksjö Oyj, Oji Holdings Corp., ONYX Specialty Papers, Inc., Potsdam Specialty Paper Inc., KJ Specialty Paper Co., Ltd., Nordic Paper AS, and Asia Pulp & Paper are key players operating in the specialty paper market. Tier 1 players in the market accounted for around 20% to 25% of value share in 2022.

Get More Insights into Specialty Paper Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global specialty paper market, analyzing historical demand from 2015 to 2022 and forecast statistics for 2023 to 2033. The study reveals growth projections on the specialty paper market based on product type (décor, thermal, carbonless, Kraft), end-use application (printing & writing, packaging, building & construction, industrial), and region.

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Specialty Paper Market Outlook by Category

By Product Type:

Décor
Thermal
Carbonless
Kraft
Other Types

By End Use Application:

Printing & Writing
Packaging
Building & Construction
Industrial
Other Commercial End Use

By Region:

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

Author

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Dual Ovenable Lidding Films Market Soars: Projected to Reach US$ 142.3 Million by 2033 at 5.6% CAGR

With global revenues rising 2.8% in 2023, the market for dual ovenable lidding films experienced rapid expansion. According to a recent forecast by Future Market Insights (FMI), revenue would almost double between 2023 and 2033, reaching close to US$ 142.3 million in 2031 at a ten-year compound annual growth rate (CAGR) of 5.6%. Despite COVID-19’s sluggish sales, demand for dual ovenable lidding films will increase, albeit gradually. By the end of 2022, it is anticipated to be close to 47,000 tonnes. Over the forecast period, the market is expected to grow in terms of volume at a 5.3% CAGR.

The global dual ovenable lidding films market is expected to experience significant growth in the coming years. These films are used for packaging food products that can be cooked and served in the same container. With increasing consumer demand for convenient and time-saving food options, the demand for dual ovenable lidding films is expected to surge.

Leading players in the food packaging industry are investing in the development of innovative and high-performance dual ovenable lidding films. These films offer excellent heat resistance, high clarity, and improved barrier properties, making them ideal for a wide range of food applications. The use of these films also helps to reduce food waste, as they enable consumers to store and reheat leftovers with ease.

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In addition to the food packaging sector, the growth of the e-commerce industry is also expected to drive demand for dual ovenable lidding films. The rise in online grocery shopping has created a demand for convenient and practical packaging solutions, and dual ovenable lidding films meet these requirements.

The market for dual ovenable lidding films is segmented based on type, application, and geography. On the basis of type, the market is segmented into polypropylene, polyethylene, and others. Based on application, the market is divided into food packaging, consumer goods, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.

North America is expected to dominate the market for dual ovenable lidding films, followed by Europe and Asia-Pacific. The growth of the market in these regions can be attributed to the presence of leading players and the increasing demand for convenient and time-saving food options.

In conclusion, the growth of the global market for dual ovenable lidding films is expected to be driven by increasing consumer demand for convenient and practical packaging solutions, as well as the growth of the food packaging and e-commerce industries. Companies operating in the market are expected to focus on developing innovative and high-performance dual ovenable lidding films to meet the growing demand.

Dual ovenable lidding films are a common packaging option in the food and beverage sector for packing items that need to be heated in the microwave or oven. Manufacturers’ increasing emphasis on providing products with a longer shelf life improves sales possibilities.

The demand for dual ovenable lidding films is consistently rising as they offer strong salability and a printable texture which makes them suitable for food packaging applications.

FMI predicts two-fold growth opportunities for leading players. The usage and adoption of dual ovenable lidding films is estimated to increase on the back of rising consumption of ready meals, frozen foods, meat products, dairy products, and more.

Key benefits offered by dual ovenable lidding films include high safety, convenience and a longer shelf life. Biodegradable dual ovenable lidding films are becoming increasingly popular among major participants in the film packaging market.

End users in the frozen food and meat products packaging industry are focusing on lowering their carbon footprint. Consequently, some of the leading manufacturers are also using biodegradable goods as a result of government action that provides tax exemptions on revenue. Client preference for clean materials and an increase in health awareness, drives the demand for biodegradable dual ovenable lidding films.

Consumers are inclined towards processed food products. Many of the complexities of packaging processed food have been greatly minimized by the adoption of dual ovenable lidding films. Dual ovenable lidding films made of PET material are expected to see a surge in demand. Increasing concerns pertaining to safety of food and a developing packaged food culture globally, are contributing towards overall growth of the market.

Key Takeaways from Dual Ovenable Lidding Films Market

Polyethylene terephthalate (PET) dual ovenable lidding films are expected to account for nearly 3/4th of the global market, aided by cost and durability benefits.

Peelable seals ensure the quality of product while improving user convenience, and are estimated to increase by nearly 2 times of the current value, at US$ 130 Mn by 2031.

Meat products packaging applications are expected to create an incremental opportunity of US$ 28.5 Mn in the next ten years.

The U.S. will account for over 90% of the North America value share through the assessment period, owing to a large and matured packaged food sector.

Germany is the largest and fastest growing market in Western Europe, accounting for over 30% value share by 2031, driven by the presence of major manufacturing facilities.

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“Improved safety and convenience offered by dual overable lidding films to packaged food have been improving their scope for applications. The market also will gain as the packaging industry slowly transitions towards biodegradable ovenable lidding films,” says an FMI analyst.

Impact of COVID-19

The COVID-19 pandemic and its global effects have had a notable impact on the global dual ovenable lidding films market. Stringent and complete lockdown in American, European, and Asian countries resulted in a declining supply and sales.

Food chains such as quick-service restaurants, and cafes were entirely shut down in almost every region, whereas, online food delivery were open and the deliveries were available which has lowered losses during the crisis. Nevertheless, demand for dual ovenable lidding films will gain traction in the later part of 2021 as industries recover rapidly with precautionary measures.

Competitive Landscape

Key manufacturers contribute 30-35% of the global market. Strategic expansions and acquisitions are expected to gain traction throughout the forecast period in the moderately fragmented landscape.

Amcor PLC., Berry Global, Inc., Sealed Air Corporation, and Sonoco Products Company, Schur Flexibles Holding GMBH, Sirane Ltd. are the top players operating in the dual ovenable lidding films market. Furthermore, Coveris, Inc., Toray Plastics (America), Inc, DuPont Teijin Films and many others in the market hold 65-70% in the global dual ovenable lidding films market.

Dual Ovenable Lidding Films Market by Category

By Material Type:

Polyethylene (PE)
Polyethylene Terephthalate (PET)
Crystallizable PET (CPET)
Amorphous PET (APET)
Recycled PET (RPET)
Polypropylene (PP)
Others

By Seal Type:

Pealable Seal
Easy Peal
Medium Peal
Hard Peal
Very Hard Peal
Permanent Seal

By Application:

Prepared Meals
Frozen Foods
Meat Products
Dairy Products
Others

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What to Expect in Our Report?

(1) A complete section of the Global Dual Ovenable Lidding Films market report is dedicated to market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Global Dual Ovenable Lidding Films market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Global Dual Ovenable Lidding Films market.

(4) The report also discusses the competitive situation and trends and sheds light on company expansions and mergers and acquisitions taking place in the Global Dual Ovenable Lidding Films market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusions of the research study provided in the Global Dual Ovenable Lidding Films Market report.

Author

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Explosive Growth on the Horizon: Global Digital Printing Packaging Market Set to Reach US$ 30,696.45 Million by 2033

The Digital Printing Packaging market is on a growth trajectory, projected to value at US$ 29,206.9 million by 2032, with a solid 5.1% CAGR from 2022. Fueled by rising demand for flexible packaging, this market revolutionizes the printing process. Unlike traditional methods, digital printing transfers digital files directly onto packaging materials, offering high-quality, accurate color output with single-pass printing.

Its flexibility enables last-minute changes without manual setup, and its eco-friendliness arises from the absence of water, chemicals, and pre-press processes. With applications across industries like cosmetics, pharmaceuticals, food & beverage, and electronics, the Digital Printing Packaging market reshapes packaging solutions worldwide.

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Transferring a digital file (often a JPEG or PDF file) straight to a printer for printing on packaging materials is known as digital printing in packaging. To transmit more precise colour output from screen to substrate, digital files are translated into the CMYK colour system. Digital printers don’t need physical labour to set up, unlike offset printers, therefore there are no dyes or paper rolls to be placed.

Key Drivers

According to the report, the key factors fuelling demand for digital printing in packaging include a growing preference for conventional/analogue plates and their application in printing jobs of shorter run lengths.

The adoption of digital printing in packaging is also growing on account of its convenience over conventional presses. Digital printing allows packaging companies to reduce turnaround time, and this is a prime reason for fuelling demand for digital printing.

Shifting preference from conventional printing to variable data printing and personalised printing. Leading packaging companies are adopting variable data printing owing to its use in direct marketing. Future Market Insights projects these trends to positively influence digital printing in the packaging market.

While Future Market Insights maintains a positive outlook on the global digital printing in the packaging market, it is of the opinion that high variable costs and limited opportunities in indirect sales channels can impede widespread adoption.

Food Largest End-user

The food sector remains the largest end-user of digital printing in packaging. According to Future Market Insights, demand for digital printing in packaging was pegged at over US$ 4.5 Bn by 2016. This is expected to increase at a CAGR of 16.6% during the forecast period 2016-2026.

APEJ to Outpace North America to Become the Largest Market

North America, APEJ, and Western Europe are the three largest markets for digital printing in packaging. Currently, North America leads globally in terms of revenues; however, owing to the robust adoption of digital printing in APEJ, it will be relegated to second position by the end of 2026. APEJ will outpace North America to become the largest market, increasing its revenue share from 28% by 2016 to 40.7% by 2026-end.

Competitive Landscape Profiling

Leading players profiled by Future Market Insights in its report include Quad/Graphics Inc., Tailored Label Products Inc., Creative Labels Inc., Reynders Label Printing, DS Smith Plc, THIMM Group GmbH + Co. KG, Traco Manufacturing Inc., WS Packaging Group Inc., Elanders AB, and Colordruck Baiersbronn W. Mack GmbH & Co. KG.

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Key Segment

By Print Technology Type:

Liquid Toner Electrophotography Printing
Nano-graphic Printing
Inkjet Technology
Others (Dye tonner)

By Product Type:

Labels
Flexible Packaging
- Films & Wrap
- Bags & Sacks
- Pouches & Sachets
Corrugated Packaging
Folding Cartons
Bottles & Jars
Metal Cans
Others

By End Use:

Food
Beverage
Alcoholic
Non-Alcoholic
Pharmaceutical
Personal care & cosmetics
Electronic comp.
Chemicals
Other (Automotive, etc)

Author

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Polyester Straps Market Set to Double by 2033: Innovations in Manufacturing Techniques Drive Expansion

The Polyester Straps Market is poised for substantial growth, with a projected valuation of US$1.0 billion in 2023, surging at a promising CAGR of 7.4% between 2023 and 2033 to reach an estimated worth of US$2.1 billion. This expansion is primarily attributed to the escalating demand for cost-effective solutions in various industries, underpinned by the advantageous properties of polyester straps. Technological advancements have emerged as a pivotal driver, ushering in a new era of manufacturing excellence.

Innovative strides in strap production, including the integration of advanced machinery, have revolutionized the landscape. State-of-the-art automated equipment ensures consistent dimensions, uniform strength, and heightened precision, minimizing human errors and maximizing productivity.

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This, in turn, results in high-quality polyester straps renowned for enhanced durability and reliability across diverse strapping applications. As industries worldwide seek robust and efficient strapping solutions, the polyester straps market stands poised to meet these demands, solidifying its position as a vital player in the global packaging and materials handling sector.

The technological advancements in strap manufacturing processes are propelling the growth of the polyester straps market. Manufacturers are investing in research and development to improve the properties and performance of polyester straps. Advanced manufacturing techniques and innovations in polymer engineering have led to the development of straps with higher tensile strength, better elongation characteristics, and improved resistance to external factors. The advancements are driving the adoption of polyester straps as they offer superior load containment, enhanced safety, and increased efficiency in packaging operations.

The globalization of trade and the expansion of the e-commerce industry are also significant drivers of the polyester straps market. There is a growing need for secure and reliable packaging solutions, with the increasing volume of goods being transported globally. Polyester straps provide strong and reliable bundling and palletizing options for the safe transportation of goods, ensuring that they reach their destination intact. The growth of e-commerce platforms and the rising demand for online shopping have further boosted the demand for polyester straps as they are essential for the secure packaging of products during shipping.

Key Takeaways from the Market Study

Global polyester straps market was valued at US$ 973 million by 2022-end.
From 2018 to 2022, the market demand expanded at a CAGR of 3.2%.
India is expected to hold a dominant CAGR of 8.5% during the forecast period.
By thickness, the 5mm to 15mm mm segment is expected to constitute a CAGR of 7.3% in 2033.
On the basis of application, bundling segment is expected to dominate the market with a CAGR of 7.2% in 2033.
From 2023 to 2033, polyester straps market is expected to flourish at a CAGR of 7.4%.
By 2033, the market value of polyester straps is expected to reach US$ 2.1 billion.

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Global Polyester Straps Market By Category

By Thickness:

- Below 0.5mm
- 0.5mm-0.75mm
- 0.76mm-1mm
- Above 1mm

By Packing Grade:

- Hand Grade Polyester Straps
- Machine Grade Polyester Straps

By Width:

- 5mm-15mm
- 16mm-25mm
- 26mm-35mm
- Above 35mm

By Breaking Strength:

- Up to 220kg
- 221kg to 300kg
- 301kg to 500kg
- 501kg to 1,000kg
- Above 1,000kg

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Global Polyester Straps Market: Vendor Insights

The report has included some of the key players operating in the global laundry care market such as Teufelberger Holding Ag, Samuel Strapping Systems, FROMM Packaging Systems Inc., Mosca GmbH, Industrial Yarns Pty Ltd., Linder GmbH, The Plastic Strapping Company Ltd., Northshore Strapping Company, Plastic Extruders Ltd., National Webbing Products and others. Launching of bio-gradable Polyester Straps is a key focus area for key players in this market both at the international as well as regional level. Manufacturers are preferring recycled raw materials for manufacturing Polyester Straps.

Author

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Commercial Electric Restaurant Ranges Market Ignites with Growth: Set to Reach US$ 76.8 Billion by 2033

The global commercial electric restaurant ranges market is poised for a sizzling transformation, with a projected valuation of US$ 44.5 billion in 2023 and an exhilarating forecast that anticipates reaching a remarkable US$ 76.8 billion by 2033. This impressive growth trajectory, estimated at a compelling CAGR of 5.6% between 2023 and 2033, reflects a dynamic industry propelled by multiple factors.

In-depth analysis by Future Market Insights underscores the pivotal role of economic prosperity, as the steady rise in disposable incomes fuels the demand for Commercial Electric Restaurant Ranges. As consumers increasingly indulge in dining out experiences, the restaurant industry is primed for expansion, driving the need for efficient and eco-friendly cooking equipment.

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The increasing demand for energy-efficient and eco-friendly kitchen appliances is one of the primary factors driving the growth of the commercial electric restaurant ranges market. Commercial kitchens are looking for appliances that can help them reduce their energy consumption and environmental footprint as energy costs rise and there is a growing awareness of the need to reduce carbon emissions. Electric ranges are an excellent choice because they use less energy than gas ranges and do not emit harmful pollutants.

Another factor driving market growth is the growing popularity of electric cooking. As more people adopt plant-based and healthier diets, they are looking for cooking methods that are both healthy and sustainable. Cooking vegetables and other plant-based foods requires precise temperature control, which electric cooking provides. Furthermore, electric ranges do not emit the same amount of heat and smoke as gas ranges, making them a safer and more comfortable option for the kitchen.

Additionally, the rise of the foodservice industry is also driving the growth of the commercial electric restaurant ranges market. As more restaurants, cafes, and other foodservice businesses open up, the demand for commercial kitchen appliances is increasing. Commercial electric ranges are becoming more popular as they offer better control over temperature and provide consistent cooking results. Additionally, electric ranges are easier to clean and maintain, which is essential in a busy commercial kitchen.

Key Takeaways from the Market Study:

Global commercial electric restaurant ranges market was valued at US$ 42.1 Billion by 2022-end
From 2017 to 2022, the market demand expanded at a CAGR of 3.3%
The United States is expected to hold the highest market share of 33.4% during the forecast period.
The Indian market is anticipated to witness a market share of 6.3%
From 2023 to 2033, commercial electric restaurant ranges services are expected to flourish at a CAGR of 5.6%.
By 2033, the market value of commercial electric restaurant ranges is expected to reach US$ 76.8 Bn.
By Type, the Commercial Electric Ranges with Standard Oven segment is expected to constitute a CAGR of 5.4% in 2033.
On the basis of Application, the Full-Service Restaurants segment is expected to dominate the market with a CAGR of 5.3% in 2033.

“The increasing focus on food safety & hygiene, as well as surging technological advancements in the commercial electric restaurant ranges are the major factors that are anticipated to boost the market growth in the near future,” remarks an FMI analyst.

Key Players:

Alto-Shaam, Inc.
Vulcan
Garland Group
Blue Seal Limited
Lang World
Rational AG
Blodgett
Electrolux AB
MKN Maschinenfabrik Kurt Neubauer GmbH & Co. KG
Falcon Foodservice Equipment
Stove Systems Pty Ltd
G.S. BLODGETT CORPORATION
Moffat Group Pty Ltd
American Range Corporation
Garland Commercial Industries LLC
Southbend
Montague Company

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Key Segments Covered:

Commercial Electric Restaurant Ranges Market by Type:

Commercial Electric Ranges with Standard Oven
Commercial Electric Ranges without Standard Oven

Commercial Electric Restaurant Ranges Market by Power Rating:

208V
240V
480V

Commercial Electric Restaurant Ranges Market by Application:

Quick Service Restaurants
Full-Service Restaurants
Hotels
Other Food Services

Commercial Electric Restaurant Ranges Market by Region:

North America
Europe
Europe
Latin America
Middle East & Africa

Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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Nandini Singh Sawlani

Commercial Deep Fryer Parts & Accessories Market Set to Soar to US$ 730.5 Million by 2033 with a 12% CAGR

The global commercial deep fryer parts and accessories market is sizzling with growth prospects. In 2022, it already boasted a substantial valuation of US$ 210 million. Fast forward to 2023, and the market is on the verge of a deep-fried boom, with an expected valuation of US$ 235.2 million. But that’s just the appetizer; the main course is yet to come.

Projections indicate a Compound Annual Growth Rate (CAGR) of 12% from 2023 to 2033. By the end of this period, experts anticipate the market to be sizzling hot, with a tantalizing valuation of US$ 730.5 million. This growth is nothing short of extraordinary, demonstrating the robust demand for commercial deep fryer parts and accessories across the globe.

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Rising Demand for Enhanced Features Fuels Growth in Commercial Deep Fryer Parts & Accessories Market:

The adoption of advanced features like digital controls and temperature monitors is gaining significant traction among consumers, prompting commercial establishments to embrace deep fryers and their associated parts and accessories. With a growing number of restaurants, hotels, and other food service venues entering the fray, the demand for commercial deep fryer parts is set to surge.

The Flourishing Convenience Food Industry Drives Demand:

The expanding convenience food industry is poised to drive the demand for commercial deep fryer parts. These parts play a vital role in the production of convenience foods, propelling the growth of the convenience food sector itself. The surging popularity of deep-fried snacks, including favorites like French fries, onion rings, and chicken wings, is anticipated to further amplify the demand for deep fryer parts in the years ahead.

Key Insights from the Market Study:

Deep fryer parts catering to commercial needs were valued at approximately $210 million in 2022.
The market valuation for commercial deep fryers and accessories is poised to attain $235.2 million in 2023.
North America emerges as a highly promising market, projected to command a robust 67% revenue share in 2023.
Filter systems are predicted to be the most in-demand component, expected to account for one-third of global revenues.
Quick-service restaurants are set to be the primary end-users, with an estimated 5% Compound Annual Growth Rate (CAGR) from 2023 to 2033.

“The rising inclination toward energy-efficient commercial fryers meeting industry standards, coupled with lucrative profit margins from fried food products, is anticipated to propel the market for commercial deep fryer parts and accessories,” notes an analyst from Future Market Insights.

Competitive Landscape: Innovations and Leadership in Focus

Numerous enterprises are anticipated to prioritize research and innovation in the foreseeable future, propelled by strategies involving product line expansions, acquisitions, and mergers. Notable players within the commercial deep fryer parts & accessories market include Taurus Group, The Middleby Corporation, Henny Penny, Illinois Tool Works Inc., WinCo Foods, Inc., Avantco Equipment, AB Electrolux, Breville Group, National Presto Industries, and Manitowoc.

Innovation in Action:

A remarkable advancement in frying and cooking solutions took center stage in March 2023, with Valentine and CuisinEquip unveiling a state-of-the-art frying solution that optimizes efficiency for HRC. These Swiss-made fryers are lauded for their resilient design, incorporating unique oil-saving attributes, oil-pump filtration, and turbo functionality that accelerates cooking time and temperature recovery.

Strategic Leadership Enhancement:

In May 2022, a significant appointment was made as Ryan Kutter assumed the role of Chief Operating Officer at Henny Penny. With a wealth of experience spanning 28 years at Eaton, Kutter is expected to play a pivotal role in implementing the company’s visionary strategy of becoming a prominent global food service equipment supplier. Leading various aspects, including operations, engineering, parts, supplies, and the Suzhou facility in China, Kutter’s leadership comes amidst the company’s rapid growth trajectory.

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Key Segments Profiled:

By Fryer Types:

Gas Deep Fryer
Electric Deep Fryer

By Installation Type:

Floor-standing fryer
Countertop fryer

By Component:

Fryer Covers
Filter System
Sediment Trays
Basket
Screens
Casters

By Distribution Channel:

Offline Stores
Online Retail Stores

By End User:

Quick Service Restaurants
Food Trucks
Cafeterias
Ferry and Cruise

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa

Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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Nandini Singh Sawlani

Fueling the Future: Oil & Gas Valves Market Set to Exceed US$ 15,897 Million by 2029 with 3.5% Annual Growth

In an ever-evolving energy landscape, the global oil and gas valves market is poised for a remarkable transformation. By the end of 2029, it is expected to soar beyond the impressive milestone of US$ 15,897 Million, driven by a projected 3.5% Compound Annual Growth Rate (CAGR) during the forecast period of 2022-2029. What fuels this ascent? The answer lies in the seamless integration of smart technologies into oil & gas valves, ushering in a new era of efficiency and sustainability.

Oil & gas valves are the unsung heroes of the energy sector, regulating the flow of vital resources that power our world. Traditionally, these valves have operated based on manual or rudimentary control systems. However, the advent of smart technology has revolutionized their capabilities. Now, oil & gas valves are equipped with sophisticated sensors and control mechanisms that allow for real-time monitoring of crucial process variables.

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Emerging Economies Drive Global Oil & Gas Valves Market Growth:

The escalating demand for energy and a multitude of upcoming oil and gas projects in the pipeline are propelling the growth of the oil & gas valves market in developing nations. Among the various regional markets, North America’s oil & gas valves market is projected to maintain a share of more than one-fourth of the global market throughout the forecast period. This can be attributed to ongoing advancements in the North American oil & gas and shale sectors.

In the Middle East & Africa, the oil & gas valves market is anticipated to secure the second-largest market share, driven by the thriving oil & gas industry in Western African and Northern African countries.

China, India, and Brazil are marked as emerging markets in the oil & gas valves industry, owing to escalating energy demands, the initiation of new oil & gas projects, improved economic conditions, and ongoing trends of industrialization and urbanization.

The oil & gas sector is characterized by fierce competition, given the substantial presence of established industry players. Consequently, the oil & gas valves market exhibits a fragmented landscape. The prominent market players in this field have firmly established their foothold across various regional markets.

Competition in the Global Oil & Gas Valves Market:

Major players in the global oil & gas valves market are actively working to expand their influence by implementing strategies like introducing new products, establishing new facilities, and acquiring local smaller players. For example,

In November 2018, Baker Hughes, a multinational industrial service company based in the US, announced the successful establishment of a new steam test facility in Naples, Italy. This facility is dedicated to testing and manufacturing a comprehensive range of masoneilan control valves and consolidated safety valves. This move is aimed at enhancing the company’s presence and impact in the European market.

Key Players:

Emerson Electric Co.
CIRCOR International Inc.
Schlumberger Limited
PARKER HANNIFIN CORP
Weir Group Plc.
Metso Corporation
BAKER HUGHES
Others

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Market Segmentation:

By Product Type:

Gates
Globes
Balls
Butterflies
Checks
PRVs
Others

By Size:

0.25 to 8 inches
8 to 20 inches
Above 20 inches

By Body Material:

Cast
Forged

By Application:

Upstream
Midstream
Downstream

Region:

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

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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Rising Oil and Gas Activities Propel Global Produced Water Treatment Systems Market to US$ 6.38 Billion by 2029

The global produced water treatment systems market is experiencing a significant surge in value, with an estimated worth of approximately US$ 4.29 billion in 2022. This robust growth is primarily attributed to the escalating oil and gas activities taking place across the globe. Projections indicate that the market is set to maintain its upward trajectory, boasting a Compound Annual Growth Rate (CAGR) of 5.8% between 2022 and 2029, ultimately exceeding a valuation of US$ 6.38 billion by the end of this period.

One key regional player in this dynamic landscape is North America, which is poised to maintain its leadership position within the produced water treatment systems market. In 2022, North America is expected to account for the largest market share, amounting to an impressive 31.4%. Several factors contribute to the region’s dominance in this sector.

Firstly, North America boasts a robust presence of leading oil and gas companies, making it a hotbed for industry innovation and investment. These companies are actively investing in advanced produced water treatment technologies to mitigate environmental impacts and comply with stringent regulations.

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The global market for produced water treatment systems is being driven by a combination of factors, including the escalation of government regulations pertaining to the discharge of produced water and the growing concerns about water scarcity.

Among the various tertiary treatment methods available for produced water, reverse osmosis stands out due to its remarkable efficiency in removing bacteria, ions, and a diverse range of particles.

Furthermore, the implementation of rigorous regulations aimed at curbing the environmentally harmful release of produced water has exerted a positive influence on the expansion of the produced water treatment systems market. As a response to these regulations, oil and gas companies are increasingly adopting water treatment systems to align with compliance requirements.

Key Observations:

Robust Adoption of Produced Water Treatment Facilities Driving Growth in the US
Increasing Water Scarcity Driving Demand in the UK
Produced Water Treatment Systems in High Demand Across Upstream Oil and Gas Sector
Compact 100-500 Capacity Systems Gaining Popularity for Produced Water Treatment
Prominence of Reverse Osmosis Water Filter Systems Establishing Them as Standard Method for Produced Water Treatment
Elevated Onshore Oil and Gas Operations Boosting Demand for Enhanced Water Treatment Systems

Competitive Scenario:

The landscape of the produced water treatment systems market is marked by intense competition, with leading players actively enhancing their product offerings. These companies have adopted a mix of organic and inorganic strategies, including partnerships, advanced product launches, collaborations, and acquisitions, to establish dominance in the market. Notable instances include:

Heartland Technology’s Collaboration with Power-On-Demand: In March 2021, Heartland Technology partnered with Power-On-Demand, a provider of oil and gas cogeneration solutions. This collaboration aimed to deliver innovative power-water solutions to the energy industry, generating cleaner on-site power with reduced greenhouse gas emissions. This partnership also offered cost-effective solutions for produced water disposal and reuse.
GE’s Introduction of ZeeWeed 700B: In May 2016, GE unveiled a novel water treatment technology called ZeeWeed 700B, tailored for the offshore oil and gas industry. This technology contributed to enhanced water treatment capabilities for offshore operations.
Ovivo Inc.’s Investment in Silicon Carbide Membranes: In November 2021, Ovivo Inc., a global water and wastewater treatment solutions provider, invested over $25 million to establish a cutting-edge facility in the United States. The facility was dedicated to producing Cembrane’s patented Silicon Carbide flat sheet membranes, reinforcing advanced water treatment technologies.
Veolia Water Technologies’ Launch of TERION: In July 2020, Veolia Water Technologies introduced TERION, a standard single-skid unit combining single-pass reverse osmosis and continuous electro-deionization. This innovation aimed to produce high-grade deionized water catering to laboratory, power, and general industrial needs.

Key Industry Leaders:

Siemens Water Technologies
Alderley plc
Frames
Aker Solutions
Aquatech
Schlumberger
FMC Technologies
Veolia
Cetco
Eco-Tec
Thermoenergy
Ecosphere
MIOX
Ovivo
Global Water Engineering

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Market Segmentation:

Capacity (thousand bl/day):

Less than 100
100 to 500
Above 500

Technology:

Primary
Secondary
Tertiary

Application:

On Shore
Off Shore

Region:

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

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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Nandini Singh Sawlani