Steel Drum Renaissance: Uncovering the Competitive Landscape and Growth Trends in the Reconditioned Steel Drum Industry

The reconditioned steel drum market is poised to exceed US$3.1 billion by 2034, with an estimated 4.5% CAGR until then and a market size of US$2.0 billion in 2024. The burgeoning eCommerce industry is a key driver, as the demand for customized reconditioned steel drums for online retail packaging escalates. Meeting the requirements of efficient handling, stacking, and secure transit in online distribution operations is imperative, presenting an opportunity for manufacturers to position their products as eCommerce-friendly solutions.

Furthermore, the industry is witnessing a shift towards lightweight materials, aligning with the goals of reducing transportation costs and enhancing logistical efficiency. Reconditioned steel drums made from such materials maintain strength while curbing shipping expenses, contributing to operational efficiency and environmentally conscious supply chain practices.

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In a significant technological advancement, the adoption of artificial intelligence (AI) is transforming quality control processes. Utilizing AI tools like machine vision and pattern recognition enhances precision and efficiency in reconditioning. This breakthrough allows businesses to meet industry standards, boosting product reliability, operational efficiency, and market leadership through the integration of AI into quality control procedures.

The mounting environmental concerns surrounding the recycling and safe disposal of packaging containers have prompted the implementation of new regulations and policies, compelling companies to take responsibility for recovering their packaging products. However, reusing containers, particularly steel drums with previous residues, presents the potential risk of cross-contamination.

Business Growth Opportunities:

  1. Circular Economy Embrace: Embracing the circular economy by promoting the reuse and reconditioning of steel drums presents a significant growth opportunity. Companies can develop innovative processes and marketing strategies to position themselves as leaders in sustainable packaging solutions.
  2. Global Expansion: Expanding operations globally can tap into new markets with growing demand for reconditioned steel drums. Establishing strategic partnerships or acquiring local reconditioning facilities can enhance market presence and supply chain efficiency.
  3. Technological Advancements: Investing in advanced technologies for drum reconditioning processes, such as automation and robotics, can improve efficiency, reduce costs, and enhance the overall quality of reconditioned steel drums, providing a competitive edge.
  4. Diversification of Product Offerings: Exploring the development and reconditioning of specialized steel drums tailored to specific industries (e.g., chemicals, food, pharmaceuticals) can broaden the product portfolio and attract a diverse range of customers.
  5. E-commerce Integration: Incorporating e-commerce platforms for sales and distribution can streamline the procurement process for customers. Offering online customization options, order tracking, and quick delivery services can enhance customer satisfaction and attract new business.

Trends in Reconditioned Steel Drum Industry:

  1. Regulatory Compliance: Increasing focus on environmental regulations and sustainability practices is driving the reconditioned steel drum market. Adhering to and exceeding regulatory standards for packaging materials is becoming a key trend in the industry.
  2. Rising Demand for Hazardous Material Packaging: With the growth of industries dealing with hazardous materials, there is an increasing demand for robust and compliant packaging solutions. Reconditioned steel drums are gaining popularity as a safe and durable option for transporting and storing hazardous substances.
  3. Customization and Personalization: The trend towards offering customizable and personalized packaging solutions is growing. Companies in the reconditioned steel drum market are exploring ways to provide unique branding, labeling, and design options to meet the specific needs of their customers.
  4. Digitalization of Supply Chain: The integration of digital technologies, such as IoT-enabled tracking and monitoring systems, is becoming a trend. This allows for real-time visibility into the supply chain, ensuring efficient logistics and providing valuable data for process optimization.
  5. Focus on Quality Assurance: As the market matures, there is an increasing emphasis on maintaining high-quality standards in reconditioned steel drums. Implementing rigorous quality control measures throughout the reconditioning process is crucial for meeting customer expectations and industry regulations.

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Key players:

  1. Greif, Inc.
  2. Mauser Group B.V.
  3. The Cary Company
  4. Rahway Steel Drum Co Inc.
  5. Mitchell Container Services, Inc
  6. Chicago Steel Container Corp.
  7. General Steel Drum LLC
  8. Schutz Container Systems, Inc.
  9. North Coast Container Corp.
  10. Metal Drum Co Ltd/The
  11. Industrial Container Services, Inc.

Market Innovation: 

Innovation in the reconditioned steel drum market is transforming traditional packaging paradigms. Companies are leveraging advanced technologies and sustainable practices to redefine the sector. Automated reconditioning processes, coupled with robotics, enhance efficiency and quality, ensuring a seamless transition towards a circular economy.

The integration of IoT-enabled tracking systems provides real-time visibility, optimizing supply chain logistics. Customization and personalization trends allow tailored solutions for diverse industries. Embracing digitalization, the sector focuses on data-driven decision-making, ensuring compliance with stringent quality standards. This commitment to innovation not only reduces environmental impact but also positions reconditioned steel drums as sophisticated, reliable, and versatile packaging solutions for the future.

Reconditioned Steel Drum Market Segmentation

By Material:

  • Stainless Steel
  • Cold Rolled
  • Carbon Steel

By Head Type:

  • Tight Head
  • Open Head

By Size/Capacity:

  • 10 to 25 Gallons
  • 25 to 40 Gallons
  • 40 to 55 Gallons
  • 55 Gallons and Above

By End-use Industry:

  • Food & Beverages
  • Pharmaceuticals & Healthcare
  • Building and Construction
  • Oils & Lubricants
  • Chemicals and Solvents
  • Paints & Dyes
  • Agriculture & Allied Industry (Fertilizers / Pesticides)
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • Japan

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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.

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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Container Mouth Inner Seal Market Analysis and Forecast: Sealing Solutions Transforming Container Security and Preservation

Container Mouth Inner Seal Market

As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Container Mouth Inner Seal market is expected to grow at a healthy CAGR during the forecast period (2018-2028). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Container Mouth Inner Seal in the coming 10-years.

The report conducts in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.

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The Advent of Sustainable and Intelligent Packaging Solutions Skyrocketing the Demand for Container Mouth Inner Seal

With rising environmental concerns and the implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.

In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.

Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Container Mouth Inner Seal market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

Key Takeaways and Projections:

  • The U.S. is expected to lead the North America Container Mouth Inner Seal Industry, projecting the fastest growth in the region between 2018 and 2028
  • Germany and the U.K. are expected to, collectively, hold the largest share of the Europe market over the assessment period.
  • China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
  • India is expected to emerge as a highly remunerative market in South Asia, contributing a significant revenue share in the region through 2028.

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Report Benefits & Key Questions Answered

  • Container Mouth Inner Seal Historical Market Analysis: The detailed survey by FMI, examines key factors in the Container Mouth Inner Seal Industry that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the market for the forecast period 2018-2028.
  • Container Mouth Inner Seal Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Container Mouth Inner Seal for the assessment period. As per the study, the demand for Container Mouth Inner Seal will grow at a robust CAGR between 2018 and 2028.
  • Container Mouth Inner Seal Market Trend Analysis: The latest study by FMI on the market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Container Mouth Inner Seal market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

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Market Segmentation:

On the basis of the sealing process:

  • Heat induction
  • Adhesives

On the basis of material type:

  • Aluminum
  • Paper
  • Plastic

On the basis of application:

  • Tubes
  • Bottles
  • Cans
  • Jars

On the basis of end use:

  • Food
  • Dairy products
  • Jams and sauces
  • Bakery and confectionery
  • Ready-to-eat foods
  • Pharmaceuticals
  • Cosmetics and personal care
  • Lubricants & oils
  • Chemicals

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact:
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PET Containers Market Reshaping Consumer Packaging Landscape: Innovations, Challenges, and Growth Opportunities

PET Containers Market

As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global PET Containers market is expected to grow at a healthy CAGR during the forecast period (2018-2028). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales PET Containers in the coming 10-years.

The report conducts in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.

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The Advent of Sustainable and Intelligent Packaging Solutions Skyrocketing the Demand for PET Containers

With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.

In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.

Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for PET Containers market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

Key Takeaways and Projections: 

  • The U.S. is expected to lead the North America PET Containers market, projecting the fastest growth in the region between 2018 and 2028
  • Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
  • China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
  • India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2028.

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Report Benefits & Key Questions Answered

  • Historical Market Analysis: The detailed survey by FMI, examines key factors in the PET Containers Industry that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the market for the forecast period 2018-2028.
  • Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for PET Containers for the assessment period. As per the study, the demand for PET Containers will grow at a robust CAGR between 2018 and 2028.
  • Market Trend Analysis: The latest study by FMI on the PET Containers market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of PET Containers market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

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Market Segmentation: 

On the basis of container type:

  • Bottles
  • Jars
  • Pails
  • Crates
  • Clamshells
  • Trays, Bowls & Cups
  • Other containers

On the basis of technology type:

  • Stretch Blow Molding
  • Injection Molding
  • Extrusion Blow Molding
  • Thermoforming
  • Other technology

On the basis of end-use industry:

  • Beverages
  • Bottled Water
  • Carbonated Drinks
  • Ready-To-Drink
  • Sports Drinks
  • Alcoholic Drinks
  • Home care and Personal care
  • Healthcare & Pharmaceuticals
  • Electrical & Electronics
  • Chemicals & Petrochemicals
  • Other end use industry

 About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact:
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
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Spice Coated Casing Market: Exploring the Dynamics of Flavor-Infused Sausage Casings for Enhanced Culinary Experiences

Spice Coated Casing Market

As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Spice Coated Casing market is expected to grow at a healthy CAGR during the forecast period (2018-2028). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales of Spice Coated Casing in the coming 10 years.

The report conducts an in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.

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The Advent of Sustainable and Intelligent Packaging Solutions Skyrocketing the Demand for Spice-Coated Casing

With rising environmental concerns and the implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end-use industries.

In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.

Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Spice Coated Casing market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

Key Takeaways and Projections:

  • The U.S. is expected to lead the North America Spice Coated Casing market, projecting the fastest growth in the region between 2018 and 2028
  • Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
  • China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
  • India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2028.

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Report Benefits & Key Questions Answered

  • Historical Market Analysis: The detailed survey by FMI, examines key factors in the Spice Coated Casing Industry that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the market for the forecast period 2018-2028.
  • Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Spice Coated Casing Industry for the assessment period. As per the study, the demand for Spice Coated Casing will grow at a robust CAGR between 2018 and 2028.
  • Market Trend Analysis: The latest study by FMI on the market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Spice Coated Casing market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

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Market Segmentation:

Application type:

  • Dry sausage
  • Smoked pork and ham
  • Cheese

Material type:

  • Real parchment
  • Woven fabric
  • Protein coated woven fabric
  • Plastic coated woven fabric
  • Hardened protein

Spice coating type:

  • Spice sheets
  • Spice cut pieces
  • Spice reels

Product type:

  • Rolled Tubing Casings
  • Flat Sheets Casings
  • End Sealed Casings
  • Cut Sleeves Casings

Sizes:

  • Rolled Tubing in Flat widths 200mm – 600mm
  • Casings in Flat widths 60mm – 280mm

 About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
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Market Dominance Projected: The USA’s 84% Share in North American Polyethylene Films Market by 2033

Polyethylene Films Market

By the close of 2023, the United States is poised to dominate the North American polyethylene films market, with an estimated 84% share. The thriving USA flexible packaging industry, as per the Flexible Packaging Association (FPA), is driven primarily by the food sector, representing 52% of exports. This expanding adoption of flexible packaging in conjunction with the growing US food industry is propelling the demand for polyethylene films.

The global polyethylene films market is poised for substantial growth as per Future Market Insights’ research. Expected to reach a valuation of US$ 33.3 billion in 2023, the market is projected to surge further at a CAGR of 4.0%, reaching an impressive US$ 49.3 billion by 2033. This growth trajectory is underpinned by the rising demand for flexible packaging solutions, with bags and pouches taking the forefront. These versatile materials, prized for their moisture-resistance properties, are finding favor among end-users, particularly in the booming packaged food sector.

The allure of convenience and better quality products drives the surge in demand for polyethylene film-based packaging. Notably, the top three countries are forecasted to contribute significantly, accounting for 35-40% of the market share by 2022. The target segments, expected to capture around 48% of the market share in the next decade, further solidify this growth narrative. The substantial projected absolute incremental growth opportunity of US$ 16.9 billion between 2023 and 2033 underscores the market’s potential.

With the on-the-go consumer culture fueling the need for flexible and efficient packaging solutions, the polyethylene films market is positioned for an expansion that is 1.5 times its current market value. As these trends persist, the forecast paints an optimistic picture of the polyethylene films market, with a promising outlook for the years ahead.

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Market Dynamics: 

Polyethylene films market is expected to witness significant growth owing to the growing demand in the packaging industry. Increase in per capita income across the globe is escalating the demand for packaged food & beverages, which in turn is expected to boost the market for polyethylene films.

Polyethylene films provide protection against microorganisms which keeps the food hygienic. The innovation in flexible films industry to meet the ever -increasing market demand for innovative and lightweight packaging will contribute to the growth of the polyethylene films market. Polyethylene films thick sheets in place of glass and metals are providing the same strength in the cheaper rate. The advancement of the recycling and biodegradable sector will add to the growth of polyethylene films market.

Polyethylene films are cheap, versatile; and flexible which gives it a competitive edge in the packaging industry. Furthermore, the increase in the usage of polyethylene films for greenhouse in agriculture are escalating the demand for polyethylene films across the globe. In addition, polyethylene films also prevents moisture in the construction which is expected to lead the market for polyethylene films.

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Market Segmentation: 

Globally, the polyethylene films market has been segmented on the basis of material type, on the basis of thickness on the basis of packaging type and on the basis of end use industry which are as follows –

On the basis of material type:

  • Low Density Polyethylene Films (LDPE)
  • Linear Low Density Polyethylene Films (LLDPE)
  • Medium Density Polyethylene Films (MDPE)
  • High Density Polyethylene Films (HDPE)
  • Bio Polyethylene Films

On the basis of thickness:

  • Less than 50 micron
  • 50- 100 micron
  • 100-200 micron
  • 200 micron and above

On the basis of packaging type:

  • Bags
  • Bottles
  • Containers
  • Pouches
  • Tubes

On the basis of end use industry:

  • Food & Beverages
  • Personal Care & Cosmetics
  • House Care
  • Building and Construction
  • Agriculture
  • Electrical & Electronics

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About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact:
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
Browse latest Market Reports: https://www.futuremarketinsights.com/reports

 

Innovation in Tactile Communication: Exploring Opportunities and Trends in the Braille Labels Industry

As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Braille Labels market is expected to grow at a healthy CAGR during the forecast period (2018-2028). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales of Braille Labels in the coming 10 years.

The report conducts an in-depth analysis of factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.

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The Advent of Sustainable and Intelligent Packaging Solutions Skyrocketing the Demand for Braille Labels

With rising environmental concerns and the implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.

In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.

Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Braille Labels market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

Market Takeaways and Projections

  • The U.S. is expected to lead the North America Braille Labels market, projecting the fastest growth in the region between 2018 and 2028
  • Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
  • China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
  • India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2028.

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Report Benefits & Key Questions Answered

  • Historical Market Analysis: The detailed survey by FMI, examines key factors in the Braille Labels market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Braille Labels for the forecast period 2018-2028.
  • Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Braille Labels for the assessment period. As per the study, the demand for Braille Labels will grow at a robust CAGR between 2018 and 2028.
  • Market Trend Analysis: The latest study by FMI on the Braille Labels industry offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Braille Labels market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

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Market Segmentation

By Material Type

  • Plastic
  • PET
  • PE
  • Others
  • Paper

By Application

  • Bottles & Jars
  • Books & Envelopes
  • Cans
  • Household Appliances
  • Others

By End Use

  • Pharmaceutical
  • Paper & Printing
  • Household
  • Food & Beverages
  • Others

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact:
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
Browse latest Market Reports: https://www.futuremarketinsights.com/reports

Global Acid Chlorides Market Set to Soar, Predicts Future Market Insights, with Anticipated Growth to Reach US$ 3,903 Million by 2032

According to Future Market Insights, the Global Acid Chlorides Market is expected to grow from US$ 2,430.9 Million in 2022 to US$ 3,903 Million by 2032, with overall demand accelerating at 4.9% CAGR throughout the forecast period (2022 to 2032).

The rising application of acid chlorides in pharmaceuticals, chemical reagents, plastic & pigments, organic peroxides, and agrochemicals is a key factor driving the global market and the trend is expected to continue during the forecast period.

Since cardiovascular diseases like atherosclerosis are becoming more common, the demand for pharmaceuticals like aspirin continues to climb. According to data from the National Center for Biotechnology Information (NCBI) published in 2021, more than 30% of Americans used aspirin in 2019.

Furthermore, it is projected that sustained pharmaceutical demand will drive market revenue growth over the next few years. Apart from pharmaceutical applications, demand for acid chlorides is also witnessing substantial growth opportunities in the agrochemical sector.

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Consistent population growth is propelling sales of agrochemicals to increase crop yields to meet the growing food demand. Being key active ingredients, various acid chlorides are experiencing elevated demand levels from the agrochemical sector. On the other hand, various health hazards associated with exposure to a wide spectrum of acid chlorides and the regulations associated with them are limiting market expansion

“Growing prevalence of heart diseases and increasing demand for pharmaceuticals like aspirin are anticipated to propel the sales of acid chlorides over the forecast period,” says an FMI analyst.

Key Takeaways:

  • The global acid chlorides market is expected to attain a value of over US$ 3,903.5 Mn by the end of the forecast period, growing at a CAGR of 4.9% over the forecast period.
  • By product type, the benzoyl chloride segment holds the largest share of the global acid chloride market.
  • Based on end-use, the pharmaceuticals segment will grow at a higher CAGR over the next ten years.
  • The U.S. will continue to remain the most prominent acid chlorides market during the forecast period.
  • Demand for acid chlorides across China is poised to increase at a steady pace during the forecast period.

Who is Winning?

According to FMI analysis, Altivia, BASF, Novaphene, CABB Chemicals, Orion Chem Pvt. Ltd., Wilmar International, Transpek Industry Ltd., VanDeMark Chemical, Inc., Kuhlmann Europe, R. Drugs and Intermediates Pvt. Ltd., Twin Lake Chemical Inc., Shiva Pharmachem Ltd., Rheinmetall AG, and others are identified as the key manufacturers in the Acid Chlorides market.

These key players are constantly focusing on increasing their production capacities to meet end-user demands. They are establishing new production facilities if upgrading older ones, besides forming partnerships and alliances with other companies.

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Acid Chlorides Industry Segmentation

By Product Type:

  • Ethanoyl Chloride
  • Propanoyl Chloride
  • Butanoyl Chloride
  • Benzoyl Chloride
  • Chloroacetyl Chloride
  • Thionyl Chloride
  • Palmitoyl Chloride
  • Others

By Application:

  • Chemical Reagents
  • Plastic and Pigments
  • Organic peroxides
  • Agrochemicals
  • Pharmaceuticals
  • Others

By End Use:

  • Pharmaceuticals
  • Agriculture
  • Plastics
  • Dyes & Inks
  • Cosmetic
  • Others

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 5,000 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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2 Piece Cans Market: Emerging Trends, Growth Opportunities, and Competitive Landscape in the Beverage and Food Packaging Industry

Canned food products have become indispensable in diets, particularly in developed regions, offering practicality in areas with limited or no refrigeration. The packaging industry employs two common types of cans: two-piece and three-piece cans. The dynamic shifts within the food sector have propelled the demand for food cans.

A two-piece can, composed of a single metal sheet shaped into the bottom end and body through deep drawing, features a second end seamed for closure, creating a complete package. These cans can be manufactured using Drawn and Redraw (DRD) or Draw and Wall Ironed (DWI or DI) processes. Designed for optimal freshness, color retention, and commercial sterility, two-piece cans maintain the quality of packed food, often requiring thermal processing before consumption. They excel in packaging instant food that doesn’t necessitate thermal processing prior to consumption.

Two-piece cans offer several advantages, including a seamless and tightly sealed structure, efficient raw material consumption, full decoration and printing capabilities, and simplified production processes. These attributes make them a preferred choice for preserving food quality and enhancing packaging aesthetics.

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Market Dynamics: 

Consumers use cans for a variety of purposes, it is the most widely used containers worldwide. It is estimated that about more than 100 million cans are consumed each day within U.S. only. The can manufacturing process has changed remarkably since its beginning.

The labor-intensive industries some years ago, now have been replaced by automated means, and produces billions of cans per year. Raw materials and energy accounts for the largest share of the variable 2 piece can production. Also, the prices of aluminum and steel plates, sheets readily change. With the surge of import and export of steel since last decades, the cost of steel has dropped.

It creates an opportunity for the manufacturers looking forward to investing in the 2 piece cans production. Also, 2 piece cans have various advantages over other types of cans, some of the benefits are-

  • The body has no seam between the body and has no side seam, and it allows can to be tightly sealed with low consumption of raw materials.
  • The 2 piece can body can be entirely printed and decorated.
  • The process of manufacturing is easy and efficient.

Also, these 2 piece cans are hermetically sealed containers designed to keep food inside fresh in texture and taste. These factors are expected to drive the growth of global 2 piece cans market over the forecast period.

Research Methodology: 

The sources which have been used to validate the estimated market size include annual reports of key market players, industry journals & magazines, research papers, and other relevant data available in the public domain. Primary sources referred include focused discussions with C level executives, distributors, independent consultants, and key industry experts, among others.

Facts about Can Recycling

Among materials which are used for the manufacturing of 2 piece cans, aluminum is expected to be the most sustainable package. Aluminum cans have a higher recycling rate and it has more recycled content than other competing packaging types. The below exhibit represents the advantage of aluminum over other beverage packaging types and comparative analysis on the basis of recycling rate.

Tier 1 Companies in 2 piece cans market, revenue above US$ 100 Mn:

  • Ardagh Group
  • Ball Corporation
  • Silgan Containers LLC
  • Crown Holdings Inc.

Tier 2 Companies 2 piece cans market, between US$ 50 Mn – US$ 100 Mn:

  • Pacific Can China Holdings Limited
  • Helvetia Packaging
  • Nampak
  • Bway Corporation
  • DS Containers
  • ITW Sexton
  • Metal Packaging Europe
  • Anheuser-Busch Inc.

Tier 3 Companies 2 piece cans market, revenue below US$ 50 Mn:

  • Royal Can Industries Company Limited
  • Baosteel Co. Ltd.
  • Scan Holdings
  • Daiwa Can Company
  • Rocky Mountain Metal Container
  • Touo Seikan Co. Ltd.
  • Rocky Mountain Metal Container
  • Gebrüder Leonhardt GmbH & Co.

Some facts and figures

  • In Japan, the market share for the 2 piece can is more than 80%, and is continuously growing. The demand for the 3 piece cans have been declining as the end user industries are looking for light weight can in order to cut down costs.
  • During the last decade, the production capacity of 2 piece cans in Korea was 5 billion cans, a 95% share in the beverage can market. Over the past years, the demand for 2 piece cans among the beverage suppliers has increased enormously.

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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The report covers exhaust analysis on

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

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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.

Market Segmentation: 

On the basis of material used,

  • Aluminum
  • Steel

On the basis of manufacturing process used,

  • Draw-redraw process
  • Draw-and-iron process

On the basis of application,

  • Food & beverages
  • Spices
  • Paints
  • Brewery
  • Aerosols
  • Other products

On the basis of end use industry,

  • Food & beverage industry
  • Paint & coating industry
  • Consumer goods
  • Others

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About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact:
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Industrial Insulation Market Set for Robust Growth as Urbanization and Industrialization Thrive, Forecasts FMI with a Projected CAGR of 5% by 2032

FMI has analyzed that growing industrialization and urbanization have resulted in a surge of construction and industrial activities in many regions across the world. Insulation materials have high usage across these sectors and therefore the demand for industrial insulation is estimated to rise at a rapid pace.

As per the reports published by FMI, the global industrial insulation market is projected to have an average-paced CAGR of 5% during the forecast period. The current valuation of the market is US$ 7.77 Billion in 2022. The market value of the industrial insulation market is anticipated to surpass a valuation of US$ 12.66 Billion by the year 2032. A historical market valuation of US$ 7.4 Billion has been recorded by the experts of Future Market Insights for the concerned market during the base year.

Since these insulators guard the equipment in extremely high and low temperatures, and reduce the risk of accidents, along with preventing moisture condensation. These aspects are estimated to bolster the growth of the market in the forthcoming years. The growing consumer awareness and robust economic growth are anticipated to bring extensive growth opportunities to the industrial insulation market.

To maintain a safe work environment, industries across the globe are highly implementing insulation systems. However, certain aspects are estimated to impede the growth of the market. As per the analysis of FMI, the installation charges involved with industrial insulation systems are very high and a lot of regulatory approvals are required before installations. Environmental sustainability concerns are estimated to act as a major restraint in the progression of the industrial insulation market.

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Key Takeaways from the Industrial Insulation Market

  • The industrial insulation market is estimated to register an average-paced CAGR of 5% through the forecast period.
  • The stone wool segment by product type category is estimated to hold considerable shares in the upcoming years. The segment accounted for 23% of revenue shares in 2021.
  • The CMS Fiber segment is anticipated to progress at a CAGR of 3.9% during the period 2022-2032.
  • The North American region is expected to dominate the global industrial insulation market with the U.S. as the dominating country, which is expected to surpass a valuation of US$ 2.42 Billion by the end of 2032.

“Rise of the petrochemical, oil & gas industries across the developing economies are estimated to create lucrative growth opportunities for the industrial insulation manufacturers.” – Says an FMI Analyst

Competitive Landscape in the Industrial Insulation Market

This statistical study conducted by Future Market Insights of the concerned insulation market encompasses successful business strategies deployed by the key vendors for biometric-as-a-security. The industrial insulation market is fragmented and the key players are deploying organic and inorganic growth strategies to compete in the market.

The biggies are heavily investing in research and development activities to make technological advances while manufacturing insulation systems for better services to the end-use industries.

Rockwool Insulation A/S, Poroc Group Oy, Knauf Insulation, TechnoNICOL Corporation, and Anco Products, Inc. are some of the key companies in the market.

Recent Developments

  • In March 2021, Cabot Corporation launched its ENERMAXTM 6 carbon nanotube (CNT) new series. These nanotubes are the company’s latest addition to its portfolio of high-performance CNTs. It has a high aspect ratio, becoming the most conductive multi-walled product
  • Since July 2021, Rockwool Manufacturing has commenced commercial production of stone wool insulation products. The state-of-the-art facility manufactures ROCKWOOL’s residential, commercial, and industrial stone wool insulation and is the first post-pandemic expansion in stone wool insulation manufacturing capacity in North America.
  • In June 2019, Knauf Insulation, a manufacturer of industrial insulation in the U.S. and Europe successfully completed its extension of the Rock Mineral production facility in Western Europe. The company has reposted that the new production capacity is of more than 110 kilotons.
  • On October 2018, Saint Gobain, a France-based manufacturer of high-performance construction materials, successfully acquired Kaimann, a European producer of elastomeric insulation materials. The organization thus hopes to fortify its position in the industrial insulation market in Europe.

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Some of the key players proliferating in the market are

  1. Rockwool Insulation A/S
  2. Poroc Group Oy
  3. Knauf Insulation
  4. TechnoNICOL Corporation
  5. Anco Products, Inc.

Key Segments in the Industrial Insulation Market

By Material:

  • Stone Wool
  • Glass Wool
  • CMS Fibers
  • Calcium Silicate
  • Cellular Glass
  • Foamed Plastic
  • Others

By Product:

  • Pipe
  • Board
  • Blanket
  • Others

By Application:

  • Power Generation
  • Petrochemical & Refineries
  • EIP Industries
  • LNG/LPG
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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 5,000 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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Consolidation and Growth: India Retail Mineral Turpentine Oil Market’s Steady CAGR of 9.5% Expected to Reach US$ 113.2 Million by 2032

The India retail mineral turpentine oil (MTO) market is projected to reach a valuation of US$ 45.8 Million by the end of 2022. Sales of retail mineral turpentine oil in the country are expected to witness a steady growth rate at a CAGR of 9.5% during the evaluation period from 2022 to 2032. It is expected to top a valuation of US$ 113.2 Million by 2032.

Future Market Insights in its latest market study reveals that the India mineral turpentine oil market is highly consolidated where the majority of shares are held by a few domestic leading players. Key players operating in the market majorly deal in bulk quantities of MTO.

Retail packaging sizes of MTO are generally repacked by distributors or retailers. Hence, the India retail mineral turpentine oil market is fragmented and is expected to hold immense potential for key players operating in the market.

The retail packaging of MTO has witnessed high growth rates over the past few years. Key players can gain substantial momentum and capture the majority of market shares by launching MTO in retail sizes. They are striving to introduce their in-house products with innovative brand names and high quality in the market to expand their client base.

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Mineral turpentine oil is expected to find its majority of applications in paints and coatings for the manufacturing of products such as thinners and wood primers. Paint manufacturers are primarily active in retail sales of MTO through their authorized outlets. Paint manufacturers are also focusing on creating robust sales networks with the presence of various authorized dealers and customer loyalty programs.

Key Takeaways: India Mineral Turpentine Oil Market

  • From 2017 to 2021, the market for retail mineral turpentine oil in India expanded at a compound annual growth rate (CAGR) of 1%.
  • North India is expected to account for 7% of the overall India retail mineral turpentine oil market share in the evaluation period.
  • The West India retail mineral turpentine oil market currently holds around 8% of the value share in the India market.
  • Based on application, the wood primers segment is estimated to account for around 7% of the retail mineral turpentine oil produced in India.
  • The 10.1 L – 20 L packaging size segment is expected to account for the majority of share in the India retail mineral turpentine oil market in the next ten years.

Competitive Landscape: India Retail Mineral Turpentine Oil Market

Key Companies Profiled

  1. Bharat Petroleum Corporation Limited
  2. Hindustan Petroleum Corporation Limited
  3. Indian Oil Corporation Limited
  4. Nayara Energy Ltd.
  5. Mehta Petro-Refineries Limited
  6. Jay Chemical
  7. Shambhoo Petrochem (p) Ltd.
  8. Paragon Chemicals
  9. TotalEnergies S.E.
  10. Idemitsu Kosan Co. Ltd
  11. Shell Plc
  12. ExxonMobil Corporation
  13. Witmans Industries Pvt.Ltd
  14. Labdhi Petrochem

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India Retail Mineral Turpentine Oil Market Outlook by Category

By Packaging Size:

  • 100 mL – 499 mL
  • 500 mL -1 L
  • 1.1 L – 5L
  • 5.1 L – 10 L
  • 10.1 L – 20 L

By Application:

  • Paint Thinner
  • Wood Primers
  • Dry Cleaning
  • Brush Cleaning
  • Art Works
  • Others

By Region:

  • North India
  • South India
  • East India
  • West India

Get More Insights into the India Retail Mineral Turpentine Oil Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the India retail mineral turpentine oil market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the Indian market potential, growth, and scope, the market is segmented based on packaging size, application, and region.

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 5,000 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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