North America Shipping Supplies Market Projected to Reach US$ 37.8 Billion by 2032, Driven by Growth in E-Commerce and Logistics Industry

The North America shipping supplies market is anticipated to grow at a 4.2% CAGR between 2023 and 2032.

In terms of GDP, the United States is thought to have the largest economy in the world, but when it comes to exports, it is predicted to come in second. The top US exports are integrated circuits, cars, petroleum gas, refined and unrefined petroleum, and automobiles.

The United States was a significant exporter of refined oil, aviation equipment, medical equipment, and gas turbines in 2020. It shipped goods of approximately US$180 billion in August 2022.

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During August 2021 and August 2022, US exports rose by 21.7%. Moreover, the country’s main trading partners are the Netherlands, China, Japan, Mexico, and Canada. Sales of various packaging supplies, such as drums, cartons, boxes, straps, and tapes, are expected to expand as a result of increased exports of a variety of high-value commodities.

The need for advanced shipping supplies is expected to increase across North America as a result of the necessity for these products to be transported and delivered in acceptable shape. Government rules regarding the labelling and packaging of goods during shipping would also increase demand for shipping materials. Consequently, North America is anticipated to have significant increase in the field of shipping goods by 2032 as a result of the U.S. logistics sector’s quick rise.

Key Takeaways from North America Shipping Supplies Market

Based on material, the paper segment is expected to cover 44% of the North America shipping supplies market share by the end of 2023.

By packaging format, the corrugated boxes segment is projected to create a growth opportunity of US$ 4.6 Bn during the forecast period.

In terms of end use, the e-commerce companies sub-segment under the commercial segment is estimated to grow 1.5 times the current market value during the evaluation period.

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Mexico shipping supplies market is expected to grow 1.8 times the current value during the projected time frame.

During the historical period (2017-2022), the North America shipping supplies market witnessed a CAGR of 2.5% and reached a valuation of US$ 25.2 Bn in 2022.

“Significantly growing national and international trade activities, better trading relationships, and relaxation of trade laws are some of the major growth drivers for the North America shipping supplies market.” – Says an FMI analyst.

Key Players :

  •         DS Smith Plc
  •         Mondi Group
  •         Amcor Plc
  •         Sonoco Products Company
  •         WestRock Company
  •         Sealed Air Corporation

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North America Shipping Supplies Market Outlook by Category

By Material:

  • Plastic

o    Polyethylene (PE)

o    Polypropylene (PP)

o    Polyethylene Terephthalate (PET)

o    Polyvinyl Chloride (PVC)

o    Others

  • Paper & Paperboard
  • Metal
  • Wood

By Packaging Format:

  • Corrugated Boxes
  • Folding Cartons
  • Bags
  • Crates
  • Drums & Barrels
  • Straps
  • IBCs
  • Mailers & Envelopes
  • Wraps
  • Labels
  • Tapes

By End Use:

  • Commercial

o    E-commerce Companies

o    Courier Service Companies

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Rising Awareness on Plastic Alternatives Propels Global Bamboo Straws Market to Reach US$ 7.3 Million by 2032

According to Future Market Insights, the global bamboo straws market will be worth US$ 4.3 million in 2022 and will increase at a CAGR of 5.3% to US$ 7.3 million by 2032.

Bamboo straws are made from real bamboo stalks that haven’t been crushed or otherwise changed. Bamboo straws are ideal for both hot and cold liquids since they are reusable, washable, strong, naturally antimicrobial, and aesthetically pleasing.

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Because they are made by hand and can be customised to different lengths based on the demands of the end user, bamboo straws are a sustainable alternative to plastic. Reusable and compostable bamboo straws are anticipated to rise in popularity over the next years.

The market for bamboo straws is anticipated to grow as a result of growing customer demand for environmentally friendly straws, escalating government initiatives to limit the use of plastic straws, and rising intolerance against their use.

As consumers grow more aware of their options, they are choosing more environmentally friendly products. The most recent trend is the switch to non-plastic straws. Bamboo is a sustainable resource, thus making bamboo straws has no negative consequences on the environment.

Several well-known businesses have stopped using plastic straws, including Starbucks, Hyatt, Hilton, Marriott, American Airlines, Alaska Airlines, SeaWorld Entertainment, and Royal Caribbean. Local bars, lounges, and restaurants are attempting to phase out plastic straws. Growing knowledge of the harmful impacts of plastic products on the environment is predicted to increase demand for bamboo straws over the course of the forecast period.

Key Takeaways from Bamboo Straws Market

  •         Based on straw length, the 16 – 20 cm segment is projected to remain the leading segment for the global bamboo straws market. The same segment is estimated to hold around 43% of the market value share by the end of 2022. Bamboo straws with lengths of 16 – 20 cm are considered the ideal bamboo straws size in the food service industry.
  •         The e-retail segment by sales channel is anticipated to expand 1.5 times the current market value during 2022-2032. Consumers prefer e-retail for purchasing products as it saves time and offers convenience while sitting at home.
  •         The food service segment based on end-user is expected to generate hefty demand for bamboo straws due to the ban on single-use plastic straws by the government and the limitation on paper straws. The food service segment is projected to expand by 5.0% during the forecast period.
  •         South Asia and East Asia regions are estimated to boost the demand for bamboo straws due to the high production of bamboo in these regions. Also, the presence of various small and local players in these regions fuels the growth of the bamboo straws market.

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 “The increasing consumer awareness regarding the use of sustainable packaging solutions along with government initiative is expected to bolster the demand for bamboo straws. Furthermore, the easy availability of bamboo and fastest growth of bamboo creates a growth opportunity for the bamboo straws manufacturer” – says an FMI analyst

Import of Bamboo to Cater to the Growing Demand for Bamboo Straws

The bamboo straws have been commercially produced for the last few years, the production volume has been significantly very low as compared to plastic straws. Rising demand for eco-friendly and reusable products and the ban on single-use plastic products in the global is the key factor driving the growth of the Global bamboo straws market. The current phase of the Global bamboo straws industry is capacity expansion as the volume is quite low, focusing on improving production efficiency as these are handcrafted, focusing on lowering costs and increasing overall profitability margin. To ramp up the production of bamboo straws, global manufacturers can import bamboo from countries such as China, India, Vietnam, Thailand, and other Asian countries. The bamboo trade is expected to increase the production of bamboo straws, also it will lower the cost of bamboo straws for consumers. Numerous players operating in the U.S bamboo straws market import bamboo straws from countries such as Thailand, Vietnam, China, Indonesia, Malaysia, and others.

Bamboo Straws Market Landscape

The key players operating in the bamboo straws market are Dragonfly Bamboo Inc., DevOcean LLC, Ola Bamboo, The Other Straw, Oceans Republic Company Limited, EURO STRAWS SE, and The Humble Co. Also, some of the other noticeable players in the market include Restraws, Jungle Straws, Bamboo Mamboo Limited LDA, Ha Thai bamboo lacquer production export Co., Ltd., ECO BAMBOO, and others.

Key Players:

  •         Dragonfly Bamboo Inc.
  •         DevOcean LLC
  •         Ola Bamboo
  •         The Other Straw
  •         The Humble Co.
  •         Bamboo Straw Girl
  •         Jungle Straws
  •         Gumi Bamboo

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Bamboo Straws Market by Category

By Straw Length, Bamboo Straws Market is Segmented as:

  • <9 cm
  • 9 – 15 cm
  • 16 – 20 cm
  • >20 cm

By Sales Channel, Bamboo Straws Market is Segmented as:

  • Manufacturers
  • Distributors
  • Retailers
  • E-retail

By End-user, Bamboo Straws Market is Segmented as:

  • Food Service
  • Institutional
  • Household

By Region, Bamboo Straws Market is Segmented as:

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

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Growing Emphasis on Eco-Friendly Packaging Drives Global Kraft Paper Market to Reach US$ 19,821.4 Million by 2032

The kraft paper market is expected to increase from its current value of US$ 15.94 billion to US$ 19.82 billion by 2032, with a CAGR of 2.2%.

Due to its low environmental impact, Kraft paper is currently one of the materials used to simplify packing. These papers are produced using the kraft method. They use a range of fibres. The sheets have a rough surface. Using Kraft paper has advantages for the bread industry as well.

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Kraft paper can be used for a variety of things, including carryout bags, grocery and shopping bags, gift wrapping, and multiwall shipping sacks. Kraft paper shows to be stronger than other forms of paper because it has a lower lignin content and a higher sulphur ratio.

Industries profit from paper-based packaging since environmental friendliness is a high focus. Corrugated boxes help to reduce packing waste because they can be recycled and used for other things. Logistics services dominate the market for kraft paper.

The start-ups are creating new kraft paper packaging choices like consumer-friendly bags, stand-up pouches and zipper pouches. Moreover, the medical sector makes use of kraft paper. Long softwood strands are used in its manufacturing to provide it the appropriate flexibility and tensile strength.

Lack of awareness about kraft paper in low-income nations may potentially be a market restraint. Future Market Insights provided analysis of these data in its most recent market study, “Kraft paper Market.” It is being carried out by a group of analysts and consultants with macros and micros in place.

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Competitive Landscape

  • Smurfit Kappa does employ innovative technologies for helping and collecting data from across the globe for tabling new inventions every single day. The tools available include PackExpert, Magic Hat, Store Visualizer, Shelf Viewer, Innobook, and Paper to Box.
  • Mondi Group Plc operates across value chain comprising paper production, pulp, and wood. The raw materials are inclusive of wood yard, chemical cycle of pulp mill, and pulping process. The company has created ‘advantage formable brown’, a specialist kraft paper grade. It is getting used in several food packaging applications like packing meat and fish. The thermoformable properties, with being multi-layered, helps it in the packaging sector.
  • Segezha Group, in March 2021, entered into agreement with Bellmer for building a novel paper machine at the former’s paper factory based out of Sokol (Vologda). The new-fangled machine is expected to come live by the year 2023.

Key Takeaways from Kraft Paper Market

  • North America holds more than 27% of the market share. This could be credited to continuously expanding demand for kraft paper in the wake of rapid industrialization. DIY kraft-inspired invitations and decorations could save financials on weddings and gatherings.
  • Europe holds more than 20% of the market share due to expanding food & beverages vertical. Natural kraft paper is amongst the strongest kinds of paper and used for packaging foods such as wheat, sugar, vegetables, and dried fruits.
  • The Asia-Pacific is expected to witness a sizable market share in the forecast period with countries like China and India dominating the market.

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Key Segments Profiled in the Global Kraft Paper Market Report

Kraft Paper Market by Product Type:

  • Specialty Kraft Paper
  • Sack Kraft Paper

Kraft Paper Market by Application:

  • Kraft Paper for Corrugated Boxes
  • Kraft Paper for Grocery & Shopping Bags
  • Kraft Paper for Multiwall Sacks
  • Kraft Paper for Carryout Bags
  • Kraft Paper for Other Applications

Kraft Paper Market by Grades:

  • Bleached Kraft Paper
  • Unbleached Kraft Paper
  • Coated Kraft Paper
  • Uncoated Kraft Paper

Kraft Paper Market by End Use:

  • Kraft paper for Food & Beverages
  • Kraft paper for Electronics
  • Kraft paper for Construction
  • Kraft paper for Cosmetics and Personal Care
  • Kraft paper for Textile Manufacturing
  • Kraft paper for Other End Uses

About Us:

Future Market Insights (ESOMAR certified 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 Us:

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Global Cellulose Fiber Market to Surpass US$ 5,772.7 Million by 2032, Fueled by Increasing Demand for Sustainable Textile Materials

From 2022 to 2032, the value of the worldwide cellulose fibre market is projected to grow at a CAGR of 4.2%. Estimates predict that the global market will be worth US$3,825.6 million in 2022 and US$5,772.7 million in 2032.

The market has expanded as a result of several large companies making a considerable switch to environmentally friendly and biodegradable fibres. These developments are increasing the demand for cellulose fibre on a global scale and are anticipated to drive market expansion over the next years.

The widespread usage of cellulose fibres in the textile and garment industries has led to a significant acceleration in the expansion of these industries on a global scale. The increased demand for cellulose fibre is expected to cause the cellulose fibre market to expand over the coming years.

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Moreover, wood pulp made from plant bark, leaves, and wood is subjected to a number of procedures that result in the production of cellulose fibre. Before creating cellulose fibre, this wood pulp goes through a series of chemical reactions. The cellulose fibres viscose, flax, rayon, and cotton are examples. The most common applications for cellulose fibre are in textiles, clothes, and filters.

Wood pulp used in industrial applications is produced from botanical sources that are also utilised to create synthetic or man-made fibres. However, the production of cellulose fibres requires the mechanical and chemical processing of wood pulp. The three most popular types of rayon are triacetate, viscose, and acetate, which are manufactured cellulose fibres utilised in a variety of end-use industries. These materials will raise the demand for the market for cellulose fibres over the anticipated time period.

Report Highlights

The propelling attention of the world on searching for environmentally friendly and biodegradable fiber is one of the primary factors complementing the cellulose fiber market expansion.

Constant changes can be witnessed in climate, rising environmental pollution and sustainability have gained traction, and an increasing number of businesses are attempting to transition away from the traditionally utilized petrochemical-sourced fibers, which emit enormous amounts of carbon into the environment.

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As a result, cellulose fibers are gaining rapid demand, which is expected to propel further across the assessment period, offering a boost to the cellulose fiber market’s growth. In addition to that, increased urbanization and consumer purchasing power, there is a shift from need-based to aspiration-based purchases, which is driving up demand for textiles and apparel.

Recent Developments

Cellulose fibers are massively utilized within the textile industry, resulting in the rise of per capita income and increase in consumer spending throughout the world are driving the growth of the textile and clothing sector, which is expected to drive the growth of the cellulose fiber market during the evaluation period.

The high cost of cellulose fiber has been a major impediment to the expansion of the global cellulose fiber industry. Moreover, the price of raw materials used in the production of cellulose fiber is volatile and changes on a regular basis, limiting their use in large-scale companies.

The global cellulose fiber industry is known as highly capital-intensive owing to the significant investment in knowledge and cash. The industry’s biggest barrier is known as the large investment in research and development efforts for generating new technologies or products. Furthermore, frequent changes in raw material prices, diminishing cotton supply, and rigorous environmental regulations regarding forests imposed by governments around the world pose significant challenges to the sector.

Competitive Landscape

The cellulose fibers market comprises some key players such as Sappi group, Birla Cellulose, Tembec Inc., The Lenzing Group, Thai Rayon Public Co. Ltd., Tangshan Sanyou Group Xingda Chemical fiber Co. Ltd., Fulida Group Holding Co., LTD., Ioncell, Bacterial Cellulose Solutions, Manasi Aoyang Technology Co. Ltd.

In 2022, Sappi committed to being a part of the solution and is working to decarbonize its operations. It will cease the use of coal at its German location in Stockstadt as the next step in its long-term global commitment to climate preservation and sustainable production. To that purpose, the mill’s current coal-fired Boiler 9 will be dismantled, and the mill will run solely on renewable biomass and natural gas.

More Insights into the Cellulose Fiber Market

The North American region is expected to dominate the global cellulose fiber market over the assessment period. The region is predicted to account for approximately 23% of the global market.

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Key Players:     

  •         Sappi Group
  •         Birla Cellulose
  •         Tembec Inc.
  •         The Lenzing Group
  •         Thai Rayon Public Co. Ltd.
  •         Tangshan Sanyou Group Xingda Chemical Fiber Co. Ltd.

Key Segments Profiled In the Global Cellulose Fiber Market Report

Cellulose Fiber Market by Process of Manufacturing:

  • Natural Cellulose Fiber

o    Plant-based

  •   Cotton
  •   Flax (Linen)
  •   Jute

o    Wood-based

o    Animal-based

o    Alpaca-based

o    Silk-based

  • Manufactured Cellulose Fiber:
  • Semi-Synthetic

o    Rayon or Viscose

o    Modal

  • Synthetic

o    Nylon

o    Polyester

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Future Market Insights (ESOMAR certified 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

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Rising Demand for Injectable Drugs Propels Global Sterile Rubber Stopper Market to Reach US$ 3.5 Billion by 2032

With an expected CAGR of 6-7% between 2022 and 2032, the global sterile rubber stoppers market, which was valued at US$ 2.1 billion in 2022, is expected to increase to US$ 3.5 billion by that year.

Sterilised seals are provided to pharmaceutical and medical containers like ampoules, vials, and similar ones using a type of closure called a sterile rubber stopper. They are actually lighter-weight seal substitutes made of EPDM, bromobutyl, chlorobutyl, butyl rubber, nitrile, natural rubber, and silicon.

Another significant consumer of the sterile rubber stoppers is the chemical sector. This could be explained by the excellent barriers they can offer against moisture, gases, and UV rays. Also, a number of regulatory and political bodies, like the Food and Drug Organization, the International Organization for Standardization, and others, are working to incorporate strict rules and guidelines to sterilise safe and uncontaminated drug distribution.

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Sterilized rubber stoppers are made using gamma irradiation and autoclaving procedures. The sterile rubber stopper market will undoubtedly advance more during the projected era thanks to all of the aforementioned elements.

It should be emphasised that individuals have become more careful on this front in the post-Covid age, which has opened up new chances for the sterile rubber stopper industry. In other words, when it comes to using any of the containers for medicinal drugs, they would rather be cautious than sorry. Normalcy has been restored, although the preventive mode still exists and will likely do so for some time to come.

At the same time, it is impossible to overlook the fact that raw material costs are unstable. Furthermore, because Teflon coatings on sterile rubber stoppers are believed to pose environmental risks, governments are requiring rules banning their use. These elements are anticipated to limit the demand for sterile rubber stoppers in the forecast period.

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Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Sterile Rubber Stopper Market’. It has its team of analysts and consultants to deploy an eagle’s eye view across macros and micros.

“With growing demand for seals free of contaminants along with robustness, the global sterile rubber stopper market is expected to grow stupendously in the years to come”, says an analyst from Future Market Insights.

Key Takeaways from Sterile Rubber Stopper Market

  • The Asia-Pacific holds a remarkable market share and the scenario is expected to remain the same even going forward. This could be credited to rising demand for therapeutic drugs like penicillin and antibiotics across South Korea, India, China, and likewise. The industry players are focusing on expansion of their manufacturing capacity of bionics and novel drugs, which is actually surging sales of ampoules, vials, and the other pharmaceutical containers.
  • North America holds a significant market share with the key players into new product launching mode. Along these lines, DWK Life Sciences did announce coming up with a new-fangled synthetic rubber stopper – GL45 (Duran branded) for providing laboratory glass bottles’ efficient sealing.
  • Europe is expected to grow on the similar grounds in the sterile rubber stopper market going forward.

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Competitive Scope

The leading players in sterile rubber stopper market include Adelphi Group, SciLabware Ltd., APG Pharma, VWR International, LLC, West Pharmaceutical Services, DWK Life Sciences Inc. (Wheaton Industries), and likewise.

What does the Report state?

  • The research study is based on product type (sleeve stopper, straight plug stopper, snap On Stopper, conical stopper, and 3Leg stopper), by application (injection stopper, infusion stopper, lyophilisation stopper, and pharmaceutical disc), by material (butyl rubber, chlorobutyl, bromobutyl, EPDM, natural rubber, nitrile, and silicon), by coating (B2 coating and flurotech & Teflon coating), by sterilization technology (gamma irradiation and autoclavable), by diameter size (13 mm, 20 mm, 28 mm, and 32 mm), and by end-user (pharmaceutical, medical & healthcare, chemical, and research & development).
  • Due to growing demand for packaging solutions like bottles, vials across pharmaceutical & medical sectors, the sterile rubber stopper market is slated to grow on a grand note in the near future.

Key Players:

  • Adelphi Group
  • APG Pharma
  • SciLabware Ltd.
  • West Pharmaceutical Services, Inc.
  • VWR International, LLC.
  • DWK Life Sciences Inc. (Wheaton Industries)

Key Segments Profiled in the Sterile Rubber Stopper Market Survey

By Product Type:

  • Sleeve Stopper
  • Straight Plug Stopper
  • Snap On Stopper
  • Conical Stopper
  • 3Leg Stopper

By Application:

  • Injection Stopper
  • Infusion Stopper
  • Lyophilization Stopper
  • Pharmaceutical Disc

By Material:

  • Butyl Rubber
  • Chlorobutyl
  • Bromobutyl
  • EPDM
  • Natural Rubber
  • Nitrile
  • Silicon

By Coating:

  • B2 Coating
  • Flurotech & Teflon Coating

By Sterilization Technology:

  • Autoclavable
  • Gamma Irradiation

By Diameter Size:

  • 13mm
  • 20mm
  • 28mm
  • 32mm

By End Use:

  • Pharmaceutical
  • Medical & Healthcare
  • Chemical
  • Research & Development

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania

About Us:

Future Market Insights (ESOMAR certified 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 Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Confectionery Flexible Packaging Market to Reach US$ 7.9 Billion by 2030, Driven by Growing Demand for Sustainable Packaging Solutions

In 2022, it is expected that the flexible confectionery packaging market for sweets would reach $5.9 billion. The market for flexible packaging for sweets is expected to reach US$ 7.6 billion by 2030 due to a 3.2% CAGR in demand.

In areas like Asia Pacific, the Middle East, and Africa, the market for confectionery flexible packaging is growing as a result of improved food processing and rising consumer demand for snacks and nibbles. Customers are being drawn in by better product options with a wider variety of products and packaging.

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Food and snack delivery is crucial to the populace that is confined to their homes as a result of the epidemic. E-commerce is mostly responsible for advancing snack delivery. The entry of multiple large food and grocery delivery firms in 2020–2021 led to a huge increase in the demand for confectionery. The need for flexible packaging for confectionery is expected to increase as long as this pattern holds true in the next years.

Due to growing consumer demand for environmentally friendly food and packaging, manufacturers are being pushed to provide recyclable confectionery packaging. According to projections, the American population will rise from 1% in 2014 to over 10% in 2020 as a result of worries about animal warfare, health benefits, and climate change. In order to appeal to a niche market of consumers, the HORECA business has taken note of this trend all over the world, with snack and confectionery makers inventing vegan goods and declining to utilise components derived from animal products.

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It is anticipated that the vegan confectionery business would be very profitable and present prospects for manufacturers of snack and confectionery packaging. Over the projected period, this is anticipated to increase sales for flexible packaging for candy.

According to an FMI analyst, the market will continue to rise through 2030 as a result of advances in packaging technology and soaring demand for recyclable and leak-proof confectionery packaging.

Key Takeaways:

  •         Based on product type, sales in the films and wraps segment are forecast to increase   at a 2.5% CAGR through 2030.
  •         Demand for bioplastics will increase by 1.4x over the assessment period.
  •         In terms of applications, sales in the jelly segment will grow at a 5.8% CAGR over the forecast period.
  •         Demand for confectionery flexible packaging in the U.S. will increase at a 2.9% CAGR through 2030.

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Total confectionery flexible packaging consumption in Europe will reach 1.5 Mn Tonnes in 2022.
Competitive Landscape

Confectionery flexible packaging manufacturers are introducing innovative and recyclable materials and formats to improve sales across the globe. They are also investing in mergers, acquisitions and collaborations to gain a competitive edge in the market. For instance:

  • In May 2022, the Italian Cama group is expected to demonstrate technologically advanced confectionery packaging machinery at IPACK-IMA 2022, which is expected to bring a technological revolution in packaging.
  • In January 2022, Amcor plc undertook customer perception on confectionery packaging and is now developing paper-based packaging products for the same market.

Key Players:

  •         WestRock Company
  •         DS Smith plc
  •         Sonoco Products Company
  •         Amcor plc
  •         Huhtamaki Oyj
  •         Constantia Flexibles Group GmbH
  •         Ahlstrom-Munksjö Oyj

Confectionery Flexible Packaging Market by Category

By Product Type:

  • Films & Wraps
  • Pouches
  • Sachets & Stick Packs
  • Tubes
  • Laminates

By Material Type:

  • Plastics

o    PE

o    PP

o    PET

o    PVC

o    PA

o    EVOH

o    Bioplastics

  •   PLA
  •   PHA
  •   Starch Based Plastic
  •   Cellulose Fibers

o    Other Plastics

  • Paper

By Application:

  • Chocolate
  • Candy & Toffees
  • Gum
  • Jelly
  • Snack Bars
  • Biscuits
  • Rest of Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific

About Us:

Future Market Insights (ESOMAR certified 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

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Oil Colors Market is Expected to Register a Staggering Double-Digit CAGR of 4.5% by 2023 to 2033

The Oil Colors Market is expected to register a positive double-digit CAGR of 4.5% by garnering a market value of US$ 751 Million. Demand for oil colors might witness substantial growth post suffering a drop in demand and sales throughout the COVID-19 pandemic period. Post-pandemic the anticipated growth in the residential sector is expected to see a rise in demand for Oil Colors.

What is Driving Demand for Oil Colors?

Manufacturers are increasingly adopting to the various natural as well as synthetic oil pigments that are used in the oil paints. The boom in furniture industry has been a major contributing factor towards the growth of the market. Use of such oil colors in new automobiles is also on the growth curve and thus, impacting the market growth positively. The characteristics of the oil paints to avoid the corrosion on the metallic surfaces has been one of the greatest achievement in the field of innovation.

One of the key factors driving the worldwide oil paint market’s growth is rising consumer base in the art enthusiast category. The rise of panel painting purely in oils, or oil painting has been a driving factor in this category. Moreover, the market for oil colors is predicted to grow in response to rising customer demand for home decor and stylish wooden and metallic furniture that can be attributed to the color paints on such furniture, correspondingly, acting as a major factor in the market growth.

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Trend of Natural and Organic Colors Likely to Augment Sales

Various governments around the world have regulated the use of chemical colors that are more harmful to the eyes and skin. Moreover, increased cases of harms from such colors to the infants has been a major topic of discussion and in turn, increased awareness and benefits regarding natural and organic colors.

Furthermore, increased demand from parents with infants in their family has been a major contributing factor in the growth of the industry. The growing awareness about the use of natural colors to the people as well as environment is appealing to the customers and a high number of customers are opting for such natural and chemical-free oil colors that also on the other hand provide sense of responsibility towards the environment and ourselves and is a leading to augmented sales of natural oil paints.

Impact of COVID-19 on Oil Colors Market

The coronavirus outbreak has had a significant impact on a wide range of organizations as well as all stages of their supply and value chains. Consumer goods is one of the industries that is now suffering as a result of the pandemic.

Raw material supply is one of the most important sections of the market’s value chain, where key companies and vendors are experiencing issues due to insufficient logistics, traffic control, and public mobility restrictions in affected nation-states around the world, which can cause supply interruptions. As a result of the pandemic, major market participants have had to reassess their contingency plans and risk management.

US and Canada Oil Colors Market Outlook

The rapidly growing residential sector in regions like North America, as well as customer demand for natural colors in the region, are two major factors driving the use of oil paints. Furthermore, due to environmental concerns, there has been a reasonable demand for organic colors in recent years, and this, together with the rising number of household remodeling projects in the region, has generated a potential market for the competitors.

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One of the major trends in the US and Canada region that is attracting customer attention is the shift from classic to contemporary furniture and its finishes. Moreover, the growing need of metallic products has also generated a high volume of sales for the manufacturers in the region. Nippon, for example, offers a wide range of antique oil paints, and its vast line of product portfolio complements the minimalism aesthetic with its finishes.

Europe Demand Outlook for Oil Colors

In the coming years, the European commercial market is expected to be the largest and fastest-growing segment. Many companies are now high and premium quality colors that are specifically built for luxury looks. The growing popularity of home remodeling and, as a result, the use of stylish and smart oil paint combinations is predicted to drive up demand in the market.

The expansion of the metal work category for various everyday utility products has had a positive impact on the regional market. The desire of regional customers for a choice of better quality colors with long-agility has given top brands the opportunity to supply and meet customer demand.

Furthermore, due to the growth of the real estate industry, which has resulted in an increase in the construction of residential and commercial structures, as well as the use of oil colors for various such reasons, the region has gained a lot of traction.

Key Segments

By Pigment Type:

  • White Oxides
    • Zinc Oxide
    • Titanium Dioxide
    • Yellow Cadmium
  • Ochre
  • Sienna
  • Umber
  • Madder Root
  • Other

By Origin:

  • Natural
  • Synthetic

By Type:

  • Organic
  • Inorganic

By Sales Channel:

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Wholesalers/Distributors
  • Independent Retail Stores
  • Online Retailers
  • Convenient Stores
  • Others

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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:
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

Needlecraft Patterns Market is Set to Enjoy a Valuation of US$ 30 Billion in 2023

Throughout the projected period, a stable growth rate is anticipated for the needlecraft pattern market. The market for needlecraft patterns is anticipated to reach a value of US$ 30 billion in 2023 and grow at a CAGR of 6.4% to US$ 55.7 billion by 2033.

What is Driving Demand for Needlecraft Patterns?

The market is growing as a high number of women around the world express an interest in needlecraft works and spend more money on high-end materials used in needlecraft works. Due to the availability of superior products such as needles, threads, and technologically upgraded sewing machines, the industry is expected to witness rising demand.

Customers have also been drawn to the availability of small sewing machines that can do the same activities as full-sized machines but prioritize space and convenience, as well as hand-powered agitators and compact proportions. In a fast-paced market, consumers, particularly women, are drawn to such perks because they seek more functional and operational devices that provide more output.

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Trends in Needlecraft Patterns Likely to Augment Sales

Handcrafts in needlework have been gaining popularity since the early ages. Handicrafts are one-of-a-kind manifestations of a culture or community made with local materials and craftsmanship. However, as the world becomes increasingly globalized, items are becoming more commoditized, and artisans’ work is competing with goods from all over the world. It is no longer possible to look at traditional artisan communities and their products in isolation from global market trends and competition.

Handicrafts have evolved into a broader category of home accessories that includes handcrafted, semi-handcrafted, and machine-made items. Fashion trends, consumer purchasing patterns, and end-market economic situations all have a significant impact on the home accessory business. Many craftsmen have deepened their sales with those end markets, providing an opportunity for those looking to export their goods.

As a result, further innovations and customization of handcrafts to meet the needs of consumers are expected to boost sales in the future.

Impact of COVID-19 on Needlecraft Patterns Market

COVID-19 had an immediate impact on the global industry. Manufacturers of needlecrafts were directly impacted by the COVID-19 pandemic. Governments in a number of countries had imposed a shutdown to prevent the virus from spreading further. The supply chain was interrupted as a result of the closing of production plants and trade sanctions, resulting in a negative impact on market growth.

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Such restrictions had also hampered the domestic markets in various regions leading to decline in sales of cultural and traditional handicrafts. Moreover, the raw material supply in embroidery and other needlecraft works felt the impact of the pandemic leading to degrading market growth.

US and Canada Needlecraft Patterns Market Outlook

US is considered as the lucrative market for needlework’s globally. The U.S. currently holds a significant share of the global market. The residential sector in the region in one of the most prominent areas due to the preference of the regional female population for the arts that can be executed at home, that includes needlework’s.

Furthermore, the industrial sector in North America is being pushed by increased demand for energy-efficient machinery. The increased awareness of licensed energy-efficient methods encourages development in the United States and Canada. Furthermore, due to the need to replace old methods with smart and multi-functional machines, the region is predicted to grow significantly. Customers in the United States and Canada, on the other hand, have a strong preference for high-quality embroidery materials.

Europe Demand Outlook for Needlecraft Patterns

Europe is considered as a fragmented region as various countries in the region have been the hub for different fashion trends and cultural trends. Due to the increasing demand in fashion industry, there is a growing demand for handicrafts over the machine-made items in European market. The consumers have now started utilizing modern and high-quality raw materials such as needles and threads due to the associated convenience.

As a result, the factors responsible for this growth could be due to the improving lifestyles of consumers, improvement in the purchasing power, and high income source equipped with better methods invented in the region. Furthermore the players in the market are focusing on expanding their business globally and even focused on innovations.

Who are the Key Manufacturers and Suppliers of Needlecraft Patterns?

Some of the leading manufacturers and suppliers of needlecraft patterns include

  • DMC Group
  • Needle in A Haystack
  • Ningbo Yinzhou Xindew Textile Co.Ltd.
  • Hobbycraft Trading Ltd.
  • MyStitchWorld
  • Red Gate Stitchery
  • Stitched Modern
  • and Mary Maxim Company among others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Needlecraft Patterns Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:
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

Toy Kitchens and Play Food Market -New Technological Development Projecting Massive Growth till 2031

One of the best ways to keep kids entertained especially during the COVID-19 pandemic is through engaging them with skill-building toys. The toy kitchen and play food set help to building chefs of all age groups. Parents find kitchen set as a most durable toy, by this toy kids get to know about the food and get to enjoying cooking. As a result, the toy kitchens and play food market is set to witness steady growth during the forecast period.

What is Driving Demand for Toy Kitchens and Play Food Market?

Having enjoyment while learning in a play food and toy kitchen can help children to develop spark a passion for cooking food and valuable life skills. Demand for kitchen sets is more in the market because this set helps to develop imagination through play. Children can imagine as grown-ups in different settings. For instance, during this play children became chefs, waitresses, waiters, pizza makers, mummies, daddies and many things in between.

The global toy kitchens and play food market are driven by growing demand for a kitchen set among children, especially among girls. Furthermore, the increasing penetration of social media platforms where kids come to know about new toys in the market and rising user engagement attributing to the growth of the kitchen toy market.

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Encourage Teamwork Likely to Augment Toy Kitchens and Play Food Sales

Play food and toy kitchen have always been the most popular toy to ever exist. In past, this set only has a plastic oven, few cooking pots, fruits and vegetables. But nowadays, players launched such smart kitchen sets that have the full range of kitchens including utensils and other accessories. This attracts kids to buy toy kitchens and also, this set can be included in a gift list at a reasonable price.

Furthermore, the growing focus of kids on smartphones and tablets are a big concern for parents. Due to their extreme use of electronic gadgets, they are under stress every single day. So parents and guardians buy toys like kitchen sets and similar toys for their children that help them to manage their skills.

This kitchen set entertaining up to three to four children at a time.  This allows children to follow their rule in the play kitchen, provide an opportunity to work together, for instance, if one child is putting everything away, another doing the cooking and another cleaning up. This is a perfect example of teamwork. Hence, within playing kitchen toy, children get teamwork skills that will remain with them in all stages of life.

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The US and Canada Toy Kitchens and Play Food Market Outlook

In the US, the demand for pre-school toys is higher owing to increased sales of mathematics, science, art, technology-based gadgets. On the other hand, some people of Canada prefers toys like a kitchen set, doctor kit etc. due to the belief that these toys will help children to gain more knowledge and intelligence, in turn, leading to augmented demand.

Furthermore, increasing birth index, along with rising income is supposed to be given a good market opportunity for toy kitchens and play food during the forecast period. The growing popularity of such toys among the children of the region opens the door for players to strengthen their presence in the regional market.

Europe Demand Outlook for Toy Kitchens and Play Food Market

Many countries in the EU have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. However, the toys market is not much affected by the outbreak, because kitchen sets and related toys engage the parents with their kids that bring joy, comfort, and support to deal with the challenges caused by the pandemic.

Despite the COVID-19 challenges, the market of toy kitchen and play food remains resistant and buoyant as the good spike in the overall sales during the lockdown period with the help of online supply channels.

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Also, with the trend of work from home or study from home culture, and closing of tourism and leisure venues, people of Europe have planned to stimulate children to enjoy at home with different toys including kitchen set and bring joy, happiness to the house. And this plan brings good sales in the European countries.

Who are the Key Manufacturers and Suppliers of Toy Kitchens and Play Food Market?

Some of the leading manufacturers of toy kitchens and play food market include

  • Hamleys
  • Bohemian Mama.
  • Hey! Play!
  • Teamson
  • Inter IKEA Systems B.V. Step2.
  • Little Tikes.
  • Melissa & Doug
  • KidKraft.
  • TP Toys
  • Smyths Toys
  • Hape Toys and many others.

Some of the key players are working on research to design a kitchen toys as per the preference as well as comfort of the customers. Key players are planning to expand their business or sales by setting up of production plant or broadening their toys offering in the global market. Growing competition in the numerous regions is expected to augment the demand during the forecast period.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Segments

By Size:

  • Corner Play Kitchen
  • Large Play Kitchens
  • Toddler Play Kitchens

By Distribution Channels:

  • Direct Sales
  • Hypermarkets/ Supermarkets
  • Specialty Stores
  • Online retailing
  • Others

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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:
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

Thumb Hole Book Page Holder Market is Set to Witness Steady Growth During the Forecast Period by 2031

The thumb hole book page holder market size is set to witness steady growth during the forecast period. The reader uses a little piece of wood, plastic or glass that fix at the base of a spread in a novel or book with a ring hole for the user’s thumb.  The number of readers increasing in the libraries, schools, colleges, universities and other reading areas is likely to increase the sales of the book page holder in the market.

What is Driving Demand for Thumb Hole Book Page Holder?

The demand for thumb hole book page holders is more among the people who are involved in the doctrinal researchers like lawyers, researchers and students. This holder reduces the problem of pain in the neck, solders, arms and back because this holder is convenient to hold the book with one hand.

Furthermore, an increase in novel enthusiasts, various book reading cafes and library cafes all around the world, increases the sales of the holders. Also, this thumb hole book page holder is helpful for bible studies and religious studies. All these factors drive the market during the forecast period.

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Portable and Affordable Price Likely to Augment Thumb Hole Book Page Holder Sales

Book readers are more attracted towards such holders because these are light in weight and portable, the reader can take it anywhere like classroom, office, during the travelling, library and more.

Furthermore, this brings a nice experience to the user. It is very convenient to use, once people start using such holders, they find it continent and use it from the next times. Moreover, many youngsters in Japan and China like to read manga and light novels. They spend their free time reading. This factor fuel the thumb hole book page holder sales.

However, the demand for the holder is increases dung the covid-19 pandemic because during the pandemic people are having free time, many people give time to their reading habits, even during the isolation period people read fraction and non-fraction books, that increases the sales of thumb hole book page holder.

The US and Canada Thumb Hole Book Page Holder Market Outlook

People of the region are extremely engaged in reading comics like Marvel and DC comics. Even in the US and Canada, there are many public and private libraries and similar institutes, where all age group people visit for the reading. This increase the sales of the product in the region.

Many people use this holder as useful gifts for friends who likes to read regardless of age and gender, proper for sending to book lovers, student, reader, teachers, office workers, and family members. Also, many players introduced customized holders in the market, so, it is a good choice for people to write a personal message for love and near ones and give them on thanksgiving festivals, Christmas, birthdays and other events. All this factor increases the sales of the page holder in the market.

Europe Demand Outlook for Thumb Hole Book Page Holder

The market of thumb hole book page holders is set to witness steady growth in Europe during the forecast period. Many high-class people of the region are part of the reading clubs. Reading is involved in their weekly activity. People read a book and narrate the summarized story to a member of the clubs.  So, there is a good opportunity for the player to strengthen their presence in the regional market.

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Furthermore, these holders are available in different sizes and materials, so the size of damage of pages is nil with this holder. Also, people use the holder to avoid loss in concentration due to wind and fan. All such factor increases the sales of the thumb hole book page holder in the regional market.

Who are the Key Manufacturers and Suppliers of Thumb Hole Book Page Holder?

Some of the famous brands of thumb hole book page holders include

  • Etsy, Inc.
  • Nelson Market
  • TILISMA
  • SHARPIE
  • EXPO
  • Paper Mate
  • AVERY
  • Ticonderoga
  • Scotch
  • PILOT
  • Toutek Design. among others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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https://www.futuremarketinsights.com/customization-available/rep-gb-14058

Key Segments

By Material Type:

  • Wood
  • Plastic
  • Metal
  • Other

By Price:

  • Under US$8
  • US$8-US$12
  • US$12-US$17
  • US$17-US$22
  • Above US$ 22

By Distribution Channels:

  • Direct Sales
  • Hypermarkets/ Supermarkets
  • Specialty Stores
  • Online retailing
  • Others

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

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