Market Research Blog

The fibre film market is forecasted to exhibit a 4.1% CAGR through 2033. The industry’s size is predicted to increase from US$ 566.62 million in 2023 to US$ 846.85 million by 2033.

Fibre film is the holy grail of the flexible film industry. The unique construction of fibre films with polymer fibre technology allows it to deliver significant containment force while using less material.

In this revolutionary innovation, the fibres do all the heavy lifting while the film weighs around 50% of the GPSM of other films. It is a green and cost-effective way to wrap pallets and offers a practical solution to an age-old problem.

Fibre films are undergoing significant advancements in the effective use of natural fibres and their composites in manufacturing food packaging materials. Moreover, companies working in the end user industries can offer up to 60% weight reductions and cut costs by up to 30%, while increasing the load stability, by using fibre films.

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The latest eco-friendly fibre films are made for machine use with a stretching ratio of up to 320% and are applicable for heavy pallet loads. The film yields 50% fewer CO2 emissions than the market average and causes 50% less plastic waste. It is finding increasing deployment among green-minded consumers.

Fibre film is an ideal solution for pallet packaging. The distinct, patent-protected material enhances the overall stability during the packaging process.  Also, the load is secured due to its high flexibility, and the package can be carefully transferred. Consequently, boosting its adoption in relevant end-use industries.

The fibre films find extensive deployment in the food and beverage industry as a barrier film. The role of barrier films includes protecting packaged food from spoilage provoked by exposure to oxygen, moisture, or other permeants.

Manufacturers are offering a multitude of performance options and barrier materials to develop packaging for snacks and confections, coffee, pet care, and more.

Crucial Highlights from the Fibre Film Market Analysis

• The surge of ready-to-eat, bakery items, snack foods, and frozen meals has propelled the food and beverage industry. This industry is expected to account for a significant market share in 2023.
• The automatic wrapping technology is anticipated to obtain a giant piece of the fibre film industry.
• Canada’s market is expected to witness heightened application of fibre films over the assessment period.
• India and China are expected to observe significant growth due to thriving end-use industries in the Asia Pacific.
• Australia is likely to emerge as a leading market for manufacturers of fibre film due to heightened investments in the home and personal care and food and beverages industries.

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Unraveling the Latest Developments

• In March 2023, Canatu Oy, a carbon nanomaterial developer, enhanced its carbon nanotube (CNT) film manufacturing to cater to the surging demand for ADAS heater goods in the automobile industry. Canatu has enhanced its step-and-repeat (SAR) CNT film production portfolio by incorporating new reactor capacity and raising the level of automation. Thus, enhancing the production speed and overall output.
• In March 2023, Rexis Biotech Inc. officially declared the approval and release of its fused polymorph nanofibre technology. This breakthrough has extensive applications across multiple industries like consumer-packaged goods, prodrug pharmaceutical medications, and research projects.
• In September 2022, Toyobo announced that it is establishing a new polyester packaging film plant. This facility might entail an investment of US$ 72 million to help the company serve the global demand for sustainable polyester films.

Key Segments Profiled in the Global Fibre Film Market Survey

By Technology

• Automatic Wrapping Fibre Films
• Handheld Fibre Films

By Thickness

• Fibre Films below 10 Microns
• Fibre Films between 10-50 Microns
• Fibre Films 50 Microns & Above

By End-use Industry

• Food & Beverages
• Pharmaceuticals
• Chemical & Fertilizers
• Home & Personal Care
• Other End-Use Industries

By Region

• North America
• Europe
• Asia-Pacific Except for Japan
• Latin America
• The Middle East and Africa

About Future Market Insights Inc. (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 400 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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The global wooden crate market will reach a valuation of US$ 1.1 billion in 2024, driven by culinary innovation and chef endorsements. The trend is set to create new opportunities for the market, leading to a projected CAGR of 3.5% between 2024 and 2034, and reaching a total valuation of approximately US$ 1.5 billion by 2034.

Industries such as pharmaceuticals, biotechnology, and healthcare require temperature controlled packaging solutions to transport sensitive products, including vaccines, drugs, and biological samples. Wooden crates can be modified with insulation materials to maintain temperature stability during transit, addressing the need for reliable cold chain logistics.

There is a growing preference for eco-friendly packaging solutions. Wooden crates are biodegradable, recyclable, and renewable, making them attractive to environmentally conscious consumers and businesses. Wooden crates find applications beyond traditional shipping and storage purposes. They are increasingly used in interior décor, retail displays, and event staging, presenting opportunities for market diversification and expansion into non-traditional sectors.

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Collaborations between packaging manufacturers, logistics companies, and end users facilitate innovation and address specific market requirements. Strategic partnerships can lead to the development of customized wooden crate solutions optimized for particular industries or supply chain challenges.

Educating consumers about the benefits of wooden crates in terms of sustainability, product protection, and aesthetic appeal can stimulate demand and drive market growth. Marketing campaigns highlighting the environmental advantages and versatility of wooden packaging materials can enhance consumer perception and preference.

Infrastructure development initiatives, such as port expansions, railway network upgrades, and intermodal transportation systems, drive the demand for packaging materials to support logistics operations. Wooden crates play a vital role in efficiently handling and transporting goods within these evolving infrastructural landscapes.

Changes in government regulations and policies regarding packaging materials, waste management, and deforestation can impact the wooden crate market.  Compliance with environmental standards and forest management practices may drive innovation in sustainable sourcing and production methods.

Ongoing research and development efforts lead to the discovery of new applications and functionalities for wooden crates. Innovations such as modular crate systems, smart packaging solutions incorporating sensors, and biodegradable coatings enhance the value proposition of wooden crates and open up new market opportunities.

Integration of Internet of Things and Radio Frequency Identification technologies into wooden crates enables real time tracking, monitoring, and inventory management throughout the supply chain.

Smart wooden crates equipped with sensors offer enhanced visibility and control, reducing the risk of loss or damage during transit. Cultural influences and aesthetic preferences influence packaging design and material choices in different regions.

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Key Takeaways from the Market Study

• Global wooden crate market was valued at US$ 1.0 billion in 2023.
• From 2019 to 2023, the market demand expanded at a CAGR of 2.7%.
• The market in Japan to expand at a CAGR of 1.6% through 2034.
• By material type, the hardwood segment to account for a share of 72.6% in 2024.
• The market in India will expand at a CAGR of 5.9% through 2034.
• In terms of end use, the logistics and transportation segment to account for a market share of 47.5%.

“Wooden crates appeal to consumers who value rustic, traditional, or heritage inspired aesthetics, presenting opportunities for market penetration in culturally diverse markets,” states an FMI analyst.

Competitive Landscape

Prominent players in the wooden crate market are FoamCraft Packaging Inc., C Jackson & Sons Ltd., Poole & Sons, Inc., Herwood Inc., C&K Box Company, Inc., Tree Brand Packaging, Inc., Ongna Wood Products, Inc., and LJB Timber Packaging Pty. Ltd., among others.

Company Portfolio

• Poole & Sons, Inc. offers a comprehensive range of wooden crate options, from standard sizes to custom designs, emphasizing durability and functionality to meet the specific requirements of clients.
• Herwood Inc. provides innovative wooden crate solutions engineered for optimal protection and efficiency, utilizing advanced manufacturing techniques to deliver superior packaging solutions for diverse applications.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global wooden crate market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the wooden crate market, the market is segmented on the basis of material (softwood, hardwood), product type (open style, sheathed), and end use (food and beverage, agriculture, chemicals, pharmaceuticals and medical device, automotive, logistics and transportation, building and construction), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).

About the Packaging Division at Future Market Insights

The packaging team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analysing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

About Future Market Insights Inc. (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 400 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
LinkedIn| Twitter| Blogs | YouTube

With a projected Compound Annual Growth Rate (CAGR) of 5.6% throughout the forecast period, the global bi-metal cans market is poised for significant expansion. Starting at a market value of US$ 25 billion in 2021, it is forecasted to surge to an impressive US$ 45.5 billion by 2032.

The sales of bi-metal cans are poised for growth, driven by their advantageous qualities such as recyclability, standardization, and durability. As a packaging material, bi-metal cans offer a more environmentally friendly option compared to plastics, contributing to an escalating demand for these cans.

The sales of bi-metal cans are on a growth trajectory in key regions, with Europe and East Asia at the forefront of this expansion. In East Asia, particularly in China, the demand for bi-metal cans is projected to experience a high Compound Annual Growth Rate (CAGR) over the forecast period. This surge in demand is driven by the region’s growing emphasis on sustainable resource consumption. As Asian countries prioritize sustainability and eco-friendly practices, the use of bi-metal cans is becoming increasingly popular.

Europe, however, leads the global bi-metal cans market in terms of revenue share. Within Europe, France and Belgium are anticipated to be dominant players in both demand and growth rate for bi-metal cans during the forecast period. The sustained growth in this region can be attributed to the preference for bi-metal cans across various applications, including food and beverage packaging.

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In North America, the growth of the bi-metal cans market is expected to be moderate. This gradual pace is due to market saturation in countries like the USA and Canada. Nevertheless, the substantial volume of consumer goods in the region ensures that the sales of bi-metal cans remain profitable throughout the forecast years. Despite the saturation of certain submarkets, the versatility and durability of bi-metal cans continue to support their relevance in North America’s packaging landscape.

In summary, the bi-metal cans market exhibits varying growth rates across regions, with Europe leading the way, East Asia showing strong potential, and North America maintaining its profitability through diverse consumer goods applications.

Major Developments in the Global Bi-metal Cans Market

• In January 2020, Ardagh Group purchased a facility of Huron at Ohio for increasing its production capacity of different types of metal cans. This major development is expected to increase the volume and sales of bi-metal cans of the company.

Who are the Key Players in the Global Bi-metal Cans Market?

Sone of the key players in the global bi-metal cans market includes

• Ardagh Group S.A.,
• Ball Corp,
• Crown Holdings, Inc.,
• The Tinplate Company Of India Limited,
• NCI Packaging Pty. Ltd., and
• Cerviflan Industrial e Comercial Ltd.

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Investment in collecting back the bi-metal cans by the product companies is a growing trend in many developed areas. Such strategies by consumable products manufacturers is anticipated to create a favourable demand for bi-metal cans in the future.

Trending Opportunities for the Global Bi-metal Cans Market in the Coming Years

1. Sustainability Emphasis:  The increasing global focus on sustainability and eco-friendliness is creating a significant opportunity for bi-metal cans. Their recyclability and reduced environmental impact make them a favored choice in a world increasingly conscious of its carbon footprint.
2. Food and Beverage Industry:  The food and beverage industry’s continuous expansion and innovation in packaging solutions provide ongoing opportunities for bi-metal cans. The versatility of bi-metal cans in preserving food and beverages, while offering branding opportunities, positions them for growth in this sector.
3. Health and Wellness Trends:  As health and wellness trends continue to influence consumer choices, bi-metal cans provide a safe and protective packaging option for items like canned fruits, vegetables, and health drinks, aligning with health-conscious consumer preferences.
4. Emerging Markets:  Developing regions with increasing urbanization and disposable income are potential growth markets for bi-metal cans. These areas present opportunities for expansion, particularly in East Asia, where the demand for sustainable packaging is on the rise.

Which region commands the market for bi-metal cans globally?

Over the anticipated years, bi-metal can sales are anticipated to increase in several important regions like Europe and East Asia. China’s demand for bi-metal cans in East Asia is anticipated to increase at a rapid CAGR during the projection period. The demand for bi-metal cans in Asia Pacific nations is receiving the essential boost from the growing emphasis on sustainable resource consumption.

The market for bi-metal cans worldwide is dominated by Europe in terms of revenue contribution. When it comes to bi-metal can demand and growth rate in Europe, France and Belgium are anticipated to lead the market.

Market Trends and Analysis

The bi-metal cans market has witnessed significant growth due to changing consumer preferences, advancements in technology, and increasing awareness of sustainable packaging solutions. Let’s explore some of the key market trends shaping the industry:

1. Growing Demand for Canned Beverages- The increasing consumption of canned beverages, such as carbonated soft drinks, energy drinks, and ready-to-drink teas, has been a major driver for the bi-metal cans market. Consumers appreciate the convenience and portability of these cans, along with the assurance of product safety and freshness.
2. Shift towards Sustainable Packaging- With growing environmental concerns, both consumers and manufacturers are gravitating towards sustainable packaging solutions. Bi-metal cans, being recyclable and energy-efficient, align perfectly with these sustainability goals, driving their demand in various industries.

About Future Market Insights Inc. (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 400 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
LinkedIn| Twitter| Blogs | YouTube