Market Research Blog

Global bulk container packaging sales are set to grow at 3.1% in 2021, up from a modest 1.8% growth witnessed in 2020, according to latest insights presented by Future Market Insights (FMI). Bulk container packaging demand remained lackluster in 2020, mimicking the broader sluggishness in global economy. However, as revival commences, bulk container packaging manufacturers can expect sales to grow, albeit reaching pre-COVID levels will take some time.

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Key Takeaways

• Bulk container packaging market is estimated to expand ~1.6 times of current market value through 2031
• Bulk container segment is expected to hold more than 4/5^th value share; flextanks segment catching up
• Increasing preference for easy to carry containers bolstering demand for plastic bulk containers
• Industrial chemicals segment to hold nearly 45% value share
• China to emerge as a highly lucrative market, contributing nearly 30% of the revenue share by 2021-end

 “Bulk containers are gaining traction day by day in chemical and food & beverage and owing to the increasing demand for flexitanks for transporting non-hazardous chemicals and food ingredients, also penetrating transportation process.” says an FMI analyst.

Safety Concerns in Chemical Industry Amplifying Demand for RIBC (Rigid Intermediate Bulk Containers)

Rigid IBC (RIBC) is made of a plastic bottle, a metal cage, and a spout for easy emptying process of materials, which is mainly used during transportation. The well-built plastic liner inside the container helps in keeping the respective products safe while transporting and the metal cage makes the container sturdy enough to be stacked. The rigid IBC mainly carries liquids and is optimized to prevent the respective product from spilling at the time of transport.

RIBC manufacturers are adopting business strategies for the development of innovative products to boost the growth of the RIBC in the market. Many players have invested in producing technically advanced containers for the sake of products safety. Companies have produced tracking-enabling system-equipped bulk containers to allow customers to know the status of their respective products directly. Some key players involved in R&D activity of RFID enabled IBCs are CHEP (U.S.A.) Inc, Metano IBC Services, Inc, Hoyer Group etc.

Key Segments

Product

• Flexitanks
• Bulk Containers
  • Flexible Bulk Containers
  • Rigid Bulk Containers
• Bulk Container Liners

Material

• Plastic
  • HDPE
  • LDPE
  • LLDPE
  • PP
  • PVC
  • Others
• Metals
• Others (Wood, Fiber, Paper Board)

End Use

• Industrial Chemicals
• Petroleum and Lubricants
• Food and Beverages
• Paints, Inks and Dyes
• Pharmaceutical
• Others

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Bulk Container Packaging Market Landscape

The bulk container packaging market is fragmented and the Tier 1 players in the market hold 40-45% share in the global bulk container packaging market.

Greif, Inc., Berry Global, Inc., Sealed Air Corporation, DS Smith Plc, Mondi Group, Bemis Company, Inc., International Paper Company, Winpak Ltd, Mauser Group B.V, Hoover Ferguson Group, Braid Logistics (UK) Limited, Qingdao LAF Packaging Co. Ltd., My Flexitank Industries Sdn Bhd, SIA Flexitanks Limited, Environmental Packaging Technologies, Inc., Snyder Industries, Inc, Schuetz GmbH & Co. KGaA, Büscherhoff Spezialverpackung GmbH & Co. KG, Bulk Lift International, Inc, Shandong Anthente New Materials Technology Co.,Ltd are some of the prominent players in the bulk container packaging market.

Bulk Container Packaging Market Report

Bulk containers are primarily designed for store and transportation purpose of liquid and granulated substances such as food ingredients, chemicals, pharmaceuticals products etc. in bulk quantities. Bulk containers are shipped in a wide range of vehicles. It can be transported in cargo ships and even in extreme long monster truck trailers.

Most of the food & beverage, chemicals and pharmaceuticals companies are associated with bulk shipment process. Bulk containers are the first choice for transporting food gradients as these containers are capable of providing benefits to the warehouse operators who inevitably require a safe and hygienic process to transport some specific food items.

This collapsible container helps in shipping these products in an efficient and safe way. Moreover, sometimes using a poly liner inside the bulk container in the process of transporting materials helps in maintaining hygiene and integrity of the respective product.

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:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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The global gummed tapes market is estimated to expand at 6.2% CAGR between 2021 and 2031, find Future Market Insights (FMI). These tapes are most preferred for sealing heavy equipment, furniture, and other bulky items to reduce the risk of damage during the transportation of the products.

Sales of these tapes are expected to burgeon on the back of surging application in various end-use industries such as food & beverages, electricals & electronics, printing, and others. The excellent bond forming ability, resulting into better sticking and gluing properties of gummed tapes will also fuel the demand.

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

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

Key Takeaways:

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

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

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

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

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

Gummed Tapes Market by Category

By Backing Material:

• Paper Gummed Tapes
• Fiber Reinforced Gummed Tapes

By Product Type:

• White Gummed Tapes
• Brown Gummed Tapes

By Adhesive Type:

• Starch Adhesives
• Other Adhesives

By Application:

• Box & Carton Sealing
• Splicing
• Others

By End Use:

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

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Sustainability Concerns To Encourage Gummed Taped Demand

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

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

Competitive Landscape

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

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:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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The PET blow moulder market in the United States is likely to be driven by dynamic developments in the packaging sector and an increase in the number of bottled consumer products.–In 2016, the United States had a revenue share of just over 70% in the North American PET blow moulder market, and it is predicted to increase by 110 basis points by 2026. Over the assessment period, the United States is expected to grow at a rapid Y-o-Y rate of close to 4%.

The booming food and beverage business in the United States and Canada need increased plastic container manufacture. A wide range of carbonated and non-carbonated drinks have been developed over time in North America, some of which have gone on to conquer the world. Manufacturers of various beverages and foods continue to seek customised bottles for packaging since their distinctive designs supplied the requisite brand recognition. PET blow moulders have thus become an important piece of industrial machinery in North America.

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The report encompasses crucial market dynamics, pricing trends, demand-supply proportions, growth-driving forces, market restraining factors, and limitations in the PET Blow Moulder Market. Furthermore, the report reviews their financial status by assessing gross margin, profit, sales volume, production cost, pricing structure, revenue, and growth rate. The report displays emerging trends along with major drivers, challenges, and opportunities in the global market. The PET Blow Moulder Market is highly fragmented and has its presence across the globe.

The PET blow moulder market in the U.S. is estimated to be valued at more than US$ 25 Mn in 2017 and is likely to record a CAGR of 4.5% from 2016 to 2026 to reach a little more than US$ 40 Mn by 2026. In terms of value, the U.S market is expected to represent an incremental opportunity of more than US$ 15 Mn and grow 1.6X during the forecast period.

Future Market Insights recently published its report on the PET blow molder market in North America, excerpts from which project the market to reach US$ 57.3 Mn value by the end of 2026. Although, key findings from the report project that during the forecast period, 2016-2026, the North American PET blow molder market will expand at a moderate pace. The market is presently valued at an estimated US$ 37.5 Mn, and is anticipated to register a moderate CAGR of 4.3%. In terms of volume as well, the market recorded sales of close to 400 PET blow molders in 2016. In the due course of forecast period, around 574 PET blow molders will be sold in North America, exhibiting a sluggish growth at 3.8% CAGR.

Factors Restraining the Demand for PET Blow Molders in North America

The report, titled “PET Blow Molder Market: North America Industry Analysis and Opportunity Assessment, 2016-2026,” has compiled multiple factors impacting the growth in demand for PET blow molders in North America. Higher preference to PET bottles by manufacturers of packaged drinking water is expected to drive the demand for PET blow molders in the region. But, the key restraints for North America’s PET blow molder market include:

• Is it Economical?Blowing machines are majorly utilized by big manufacturers who require large scale output, but this creates a barrier for the other rural industries. If these machines are forced to give an output of a smaller volume, then the manufacturers aren’t able to fetch much profits. This is because PET blow molders consume the same amount of energy regardless of output volume.
• Poor Stretch Ratios– These customized bottles have acute stretch ratios, due to which they can bend or even break upon dropping. The bottles should also be able to achieve standard measures set bearing certain force at lower temperatures.
• Saving Resins Hampers the Bottle Quality– Bottle manufacturers have started to use lesser raw material amount in the manufacturing process. Such bottles tend to collapse at their weakest points, as at those points, the material gets too thin to bear any force. And, these bottles will not be able to bear the load administrated to them during their quality checking process.

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Companies such as PET All Manufacturing Inc., R& B Plastics Machinery, LLC, Amsler Equipment, Inc., SIPA North America Inc., Nissei ASB Company, Milacron Holdings Corporation, Sidel, Jomar Corporation, Custom-Pak Inc., and Tech-Long Inc. are leading manufacturers of PET blow molders, based across the US and Canada. The PET blow molder market in North America is split into these two countries, where US is projected to remain the dominant country by procuring over 70% of gross revenues throughout the forecast period.

Market segmentation

By Technology

• Extrusion Blow Moulding Machine
• Injection Blow Moulding Machine
• Stretch Blow Moulding machine

By End Use

• Food & Beverages
• Pharmaceuticals
• Personal Care
• Others

By Country

• U.S.
• Canada

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By Machine Type

• Manual
• Automatic
• Semi-Automatic

On the basis of molding technologies, in 2016, injection blow molding technology accounted for revenues worth nearly US$ 17 Mn. This technology will continue to dominate the market revenues in the years to come. Demand for automatic PET blow molders will also gain traction, exhibiting a market revenue share of whopping 93.6% by 2026-end. The report also reveals that pharmaceuticals and personal care application of PET blow molders will showcase revenue growth above 4.3% CAGR, while food & beverages continue to be largest application of PET blow molders in North America.

 

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:

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

The market for polyester straps is anticipated to reach US$ 1,389 Mn by 2027, at a CAGR of 7.4% from 2022 to 2027, from an estimated US$ 973 Mn in 2022. According to the study’s research of the different packaging grade types, hand grade polyester straps will make up about 58 percent of all polyester straps sold in 2022, making them the most well-known packing grade kind globally.

Bundling and palletizing applications are anticipated to hold a 90 percent market share of the worldwide polyester straps market throughout the anticipated timeframe, according to the application-wise estimate.

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What is The Impact of Rising Demand for PET Straps across the Automotive Industry on Global Polyester Straps Market?

Rising usage of polyester straps for seatbelts is projected to drive the polyester straps market share in the automotive industry during the forecast period. Furthermore, polyester straps have replaced nylon webbing as safety equipment in racing cars due to its increased strength, and a lower rate of elongation under load.

In addition to product safety, to overcome government regulations regarding safety, manufacturers are focusing on product innovation. The usage of seat belts is rising due to increasing safety concerns. This is likely to act as an opportunity for the polyester straps market over the forecast period.

E.g., the European New Car Assessment Program (Euro NCAP) has resulted in the installation of seat belts and other safety straps in automobiles. The aforementioned rules are expected to fuel the demand for polyester straps over the next decade.

Global Polyester Straps Market: Regional Forecast

Future Market Insights tracks the performance of the global polyester straps market across the key geographies of North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa. As per the forecast of Future Market Insights, North America polyester straps market is estimated to be valued at US$ 158.3 Mn in the year 2022 and is slated to touch a value of US$ 323.9 Mn in the year 2027, reflecting a CAGR of 7.4% during the assessment period. The Western Europe polyester straps market is estimated to be valued at US$ 119.8 Mn in the year 2022 and is slated to touch a value of US$ 237.8 Mn in the year 2027, exhibiting a CAGR of 7.1% during the assessment period.

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Competitive Landscape

Globally renowned polyester strap manufacturers are focusing upon offering sustainable polyester straps and positioning themselves as sustainable practitioners:-

In January 2021, Teufelberger was awarded with WorldStar Global Packaging Award for its 100% recyclable strapping produced with lesser raw material and offering enhanced performance.

Key Companies Profiled

• Teufelberger holding ag
• Samuel Strapping Systems
• FROMM Packaging Systems Inc.
• Mosca GmbH
• Industrial Yarns Pty Ltd.
• Linder GmbH
• The Plastic Strapping Company Ltd
• Northshore Strapping Company
• Plastic Extruders Ltd.

Global Polyester Straps Market By Category

By Thickness:

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

By Packing Grade:

• Hand Grade Polyester Straps
• Machine Grade Polyester Straps

By Width:

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

By Breaking Strength:

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

By End Use Industry:

• Food & Beverage
• Pharmaceuticals
• Electronics & Electricals
• Automotive
• Construction & Allied Industries
• Paper & Allied Industries
• Textiles & Apparels
• Chemicals & Fertilizers
• Others

By Application:

• Heavy Duty Bailing
• Bundling
• Palletizing

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia-Pacific
• Middle East & Africa
• Japan

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Table of Content

1. Executive Summary

1.1. Global Market Overview

1.2. Market Analysis

1.3. Analysis and Recommendations

2. Market Overview

2.1. Market Definition

2.2. Market Coverage

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

5. Global Polyester Straps Market Demand Analysis 2012-2021 and Forecast, 2022-2027

5.1. Historical Market Volume (000’ Tons) Analysis, 2012-2021

5.2. Current and Future Market Volume (000’ Tons) Projections, 2022-2027

5.3. Y-o-Y Growth Trend Analysis

 

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:

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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Future Market Insights’ latest report on North America’s silo bags market indicates that undulating prices of raw materials such as polyethylene films is curbing the production of silo bags.

The study conducted by Future Market Insights estimates that the 60 meter and 75 meter lengths of silo bags are estimated to cumulatively account for around 90% of market share in 2022 and the market valuation of these segments is projected to expand at a CAGR of 4.7% and 5.1% respectively during the forecast period 2022-26.

The U.S. is expected to drive the silo bags market in North America and is estimated to hold a significant market share of around 84% in 2022.

FMI team further estimates that in 2022, the Canada silo bags market will grow 5.5% year-over-year.

Contingent upon the monotony of this scenario in the years to come, North America’s silo bags is less likely to soar at a steady momentum, and will probably exhibit revenue growth at 4.8% CAGR.

Nonetheless, the decline in demand for silo bags across North America is not solely orchestrated by volatility of raw material prices. Future Market Insights’ report, titled “Silo Bags Market: Global Industry Analysis and Opportunity Assessment, 2022-2026,” predicts that strict environmental regulations associated with industrial use and large-scale production of plastic films is restraining a cost-effective production of silo bags.

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Silo bags, made from raw materials such as polyethylene or polypropylene films, are another burden on such regulatory authorities as dumping waste silo bags leads to environmental degradation. Key findings of the report indicate that through 2026, more than 90% of North America’s silo bags revenues emanate from sales of polyethylene bags, which further aggravates the environmental regulatory conditions.

The report reveals that in terms of volume, the consumption of silo bags in the US and Canada will exhibit a 4.4% CAGR. In 2016, the market has been estimated to be valued at US$ 31.8 Mn, and is expected to exceed a little over US$ 50 Mn by 2026-end. During this forecast period, the demand for 75-meter silo bags will remain high and bring in more than US$ 25 Mn in revenues towards the end of 2026. Also, over two-third of the market’s value is accounted by sales of silo bags for protection of grains.

The demand for silo bags is also predicted to gain traction for forage applications, revenues from which are expected to soar steadily at 5.1% CAGR. The report further projects that US will dominate with more than 80% share, while Canada’s silo bags market will gain traction by showcasing a value CAGR above 5%.

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Another factor that is expected to inhibit the growth of North America’s silo bags is the aggressive competition for securing higher profits. Leading manufacturers of silo bags in the region are faring the market’s cut-throat competitive landscape by providing a product line with extra features.

The overall profitability behind the sales of basic silo bags gets comprised and distorts the demand influx. The report has profiled key players in North America’s silo bags market, which include Grain Pro, Inc., IPESA – Rio Chico SA, GEM Silage Products, RKW Hyplast NV, Grain Bags Canada, Blue Lake Plastics, LLC., BagMan LLC., Canadian Tarpaulin Manufacturers LTD., Temudjin Flex-Pack BV, and KSI Supply, Inc.

Silo Bags Market By Category

By length:

• 60 Meters
• 75 Meters
• 90 Meters

By material:

• Polyethylene (PE)
  • Low-Density Polyethylene (LDPE)
  • High-Density Polyethylene (HDPE)
• Polypropylene (PP)

By application:

• Grains
  • Dry Grains
  • Wet / Humid Grains
  • Rolled Grains
• Forages
• Fertilizer
• Dried Fruits
• Others

By country:

• U.S.
• Canada

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:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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The global glass container market will exhibit 2.1% Y-o-Y growth in 2021, after contracting in 2020 due to disruptions caused by unprecedented COVID-19 outbreak. According to a new study by Future Market Insights (FMI), the near-term opportunities for the market will remain positive, especially as application in beverages packaging continues surging. The report also projected to market to surpass a valuation of US$ 81 Bn through 2031.

Glass container sales are strongly influenced by demand in the alcoholic beverage industry since a majority of alcoholic beverages are filled in glass containers. Due to the aesthetic appearance that can be accomplished by the use of glass in manufacturing of containers and its reflective design, sales within alcoholic beverages segment is poised to surge considerably. Glass containers also enable the alcohol manufacturer to present the premium quality of the product to their target consumers.

Increasingly used as a versatile material in manufacturing of containers, glass can retain the original flavour of beverage inside without altering its taste or consistency. Glass containers are available on the market in a range of colours, shapes and sizes. It has been reported that about 23% of Anchor Glass Container Corp’s revenue, a major player in glass container manufacturing, comes from its product sales of craft beer glass packaging and 24% from mass-market beer glass packaging.

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Key Takeaways of Glass Containers Market Study

Outlook for glass containers market remains strong for the next 10 years as FMI forecasts it to register 4.0% CAGR between 2021 and 2031

Sales of glass containers in the U.S. are estimated to rise. The U.S. is projected to account for over 80% of glass containers sold in North America as growth outlook remains positive for the remaining forecast period

Despite Germany’s dominance, growth exhibited by the UK market will be stronger. It is expected to register a 1.9% Y-o-Y growth in 2021

Outlook for France and Spain will remain stable

China, India, and Japan will continue exhibiting high demand for glass containers through the forecast period

“Glass containers in the brewing and beverage industries have long evolved from being simple transport containers. End users insist on innovative and trendy glass containers to boost the supply chain instead of simplistic design to encourage shoppers. Demand for small sized jars and bottles, glass containers are occupying significant share in the global market attributing to boost impulse purchase of the products. In addition, key players in the distribution of beverage packages are projected to witness greater profit earnings.” says an FMI analyst.

Sustainability and Reusability of Glass Containers Boosting their Applications

Glass containers are increasingly preferred for handling drinks, food, and prescribed drugs since they eliminate the risk of leaching toxic chemicals. Glass is a highly recyclable medium and has features that make it a highly desirable material for containers.

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Many environmental resources are protected by recycling and reuse. A glass container’s ability to maintain the strength, fragrance, and seasoning of items makes it a desirable choice for food and beverage packaging.

Glass, through interaction with several liquids, remains chemically pure and is therefore preferred for use in food and beverage packaging. Rising focus on environmental sustainability and curbing carbon dioxide emission has catapulted glass containers as preferred choice to replace plastic or metal containers.

COVID-19 Impact on Glass Containers Market

The COVID-19 pandemic has affected the packaging industry owing to the instabilities in the supply chain. While businesses across food and beverages sector reported sluggish growth, pharmaceutical industry continues exhibiting demand for effective packaging amid pandemic crisis.

Consequently, the market for glass containers have seen a decrease in revenue in Q1 and Q2 of 2020. This is partly due to government restrictions imposed on manufacturing industries and outlets that serve food & beverages to contain the spread of the virus.

However, as the sanitization process and non-contaminated beverage systems have improved, beverage intake is slowly rising in developed and emerging countries. This move is anticipated to accelerate more glass container shipments to the global market by the end of the year 2020. Industries such as retail packaging, e-commerce and logistics are also expected to see a fast turnaround.

Glass Containers Market Landscape

Ardagh Group S.A., Amcor Limited, Consol Glass (Pty) Ltd., Owens-Illinois, Inc., Saverglass Group, BA Glass, Hindusthan National Glass & Industries Limited, Nampak Ltd., Wiegand-Glas GmbH, Vidrala S.A. are prominent players in the glass containers market. With competition within the market getting fiercer, companies are focusing on innovative product launches.

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For instance:

AGI glaspac has launched a range of integrated antibacterial food glass jars through its retail segment Greendrop Glassware in June 2020.

Ardagh Group launched online and interactive 3D glass packaging catalogue in the later part of 2020.

Key segments

Product Type

• Glass Bottle
• Glass Jar
• Glass Vial
• Candle Glass Container

Color

• Amber Glass Container
• Blue Glass Container
• Clear Glass Container
• Frosted Glass Container
• Other Coloured Glass Container

End-Use Industry

• Cosmetics & Perfumes
• Pharmaceuticals
• Food Packaging
• Beverage Packaging
• Other Products

Region

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

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:

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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According to an assessment by Future Market Insights, the global Confectionery Packaging market was valued at nearly US$9,200Mn in 2017 and is expected to reach a value of nearly US$13,200Mn by 2027

A new forecast study by Future Market Insights reveals such trends will continue to drive the demand for specialty films globally. According to the findings from the report, the global specialty films market is poised to expand at a CAGR of 4.9%, representing steady revenue growth during the forecast period, 2017-2026. The study projects that by the end of 2026, more than US$ 56 Bn worth of specialty films will be sold across the globe.

Packaging is widely observed as one of the largest marketplace, with products finding applications in several industrial verticals. Specialty films remains a key commodity in the packaging world, and advent of new products entails the use of advanced packaging films. Specialty films are being predominantly used in the packaging of bioactive and biodegradable products, while companies from every industrial sector are actively adopting packaging solutions that enable them in creating an isolated environment for their products.

High Demand for Barrier Films; Conductive Films to Register Fastest Sales

In terms of products sold in the global specialty films market, barrier films are pegged to incur highest share on global market value. In 2017, more than US$ 18 Bn worth of barrier films are estimated to be sold in the global specialty films market. While the demand for anti-fog films is likely to dwindle towards the latter half of the forecast period, the report projects that conductive films will register rapid sales through 2026. Over the forecast period, conductive films are expected to register a value CAGR of 7.1%.

APEJ to Dominate Global Specialty Films Market

A regional forecast on the global specialty films market has been provided in the report, which reveals that the Asia-Pacific excluding Japan (APEJ) region will register highest sales of specialty films. The report further reveals that Europe and APEJ will be representing the leading markets for specialty films, followed by North America. Higher presence of food and beverage companies in the APEJ and Europe regions is expected to drive the sales of specialty films, pertaining to their greater end-use in these regions. Over the forecast period, the APEJ specialty films market is likely to expand at the highest CAGR of 7%, while sales of specialty films in European countries will attain a sub-par growth.

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Further analysis from the report reveals that food & beverage industry will remain the largest end-user of specialty films. Throughout the forecast period, more than two-fifth of specialty films sold in the global market will be used for packaging of food items and beverages. The report also reveals that a majority of specialty films being produced in the global market will be made of polyethylene materials. Low density of PE specialty films, coupled with their abilities in terms of water and thermal resistance and durability, will drive their sales globally through 2026.

Market Taxonomy

FMI foresees increasing demand for PET packaging over its glass counterparts as the key growth driver of stretch blow molding machines.