Beverage Packaging Market Thrives on Innovation and Global Consumption Trends | FMI

beverage packaging market
beverage packaging market

The global beverage packaging market is anticipated to have a substantial worth and reach US$ 164 billion by 2023. With a projected CAGR of 4.2% from 2023 to 2033, the market is expected to surge to an estimated total worth of roughly US$ 108.7 billion by 2033.

It is projected that the market will expand quickly due to ongoing developments in materials and technology that will enable the creation of creative and eco-friendly packaging solutions. These solutions are essential to meeting the changing needs of the beverage industry.

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A number of key factors are driving the significant expansion of the beverage packaging market. One of the primary drivers driving the use of packaging materials that enhance various aspects of beverage packaging is consumer preferences.

The materials are chosen with the intention of improving the strength, sealing, moisture barrier, heat insulation, and aroma retention properties of the packaged beverage. Smaller package kinds, flexible bags, and pouches are becoming more and more popular in the market. The incorporation of active and intelligent systems into beverage packaging fosters market expansion since they offer state-of-the-art features and functionalities.

In the market for beverage packaging, material selection is also quite important. Various materials, such as glass, paperboard, metals, and polymers, are blended according to the value and chemical makeup of the beverage. The variety of packaging materials gives beverage producers the ability to choose the best fit for their products. Factors such as extending shelf life and preserving the quality of beverages further contribute to adopting different packaging materials.

Several macroeconomic factors are contributing to the positive growth of the beverage packaging market. The increasing global population and changing lifestyles drive demand for convenient and efficient packaging technologies. Consumers seek premium products, and rising disposable incomes enable them to afford such choices.

The growth of the PET (polyethylene terephthalate) material as a popular choice for packaging raw materials is significant. The transformation of unpackaged products into packaged ones, particularly in emerging economies, presents profitable opportunities for players in the beverage packaging market.

Key Takeaways from the Market Study

  • The market in 2022 was valued at US$ 3 billion.
  • The valuation of the market in 2018 was US$ 96.7 billion.
  • Based on product type, liquid cartons are likely to register a market share of 35.2% by 2023.
  • The beverage packaging market size expanded at a 1.9% CAGR between 2018 and 2022.
  • India is expected to lead the market, expected to register a 6.1% CAGR until 2033.
  • By application, beverage packaging for non-alcoholic drinks is expected to accumulate a 54.7% revenue share in 2023.

“Stringent governmental regulations addressing packaging waste and decomposition are considered one of the key restraints of the beverage packaging market,” comments a Future Market Insights analyst.

Competitive Landscape

The sector possesses a considerable assortment of market contributors. Innovation and research assume a crucial role among these entities, primarily emphasizing incorporating environmentally sustainable product ranges as a fundamental element of their production initiatives.

Key players deploy various expansion tactics, such as partnerships, corporate mergers and acquisitions, and thorough examination of regulatory authorizations, to reinforce their foothold in the market.

The Major Key Players Are:

  • Crown Holdings Inc.
  • Amcor Limited
  • Ardagh Group S.A
  • Ball Corporation
  • Gerresheimer AG
  • Owens-Illinois Inc.
  • Berry Global Inc.
  • Beatson Clark Ltd.
  • Intrapac International Corporation
  • BA Glass Germany GmbH
  • Nampak Ltd.
  • Vidrala S.A
  • Silgan Containers LLC
  • Orora Packaging Australia Pty Ltd.

Key Developments

  • In September 2022, a deal worth US$ 530 million was successfully concluded between Ball Corp and Arnest Group, involving the beverage packaging business in Russia. Following Russia’s invasion of Ukraine in March, the sustainable metal packaging manufacturer downsized its operations, including five production facilities in Russia.
  • In October 2022, Berry Global continuously innovated and invested in working toward the world goal of a net-zero economy. As an industry leader, efforts were made to reduce greenhouse gas emissions and increase renewable energy use.

Key Segmentations-

By Product Type:

  • Liquid Cartons
  • Beverage Cans
  • Glass Bottles
  • Plastic Bottles
  • Others

By Material:

  • Glass
  • Plastic
  • HDPE
  • LDPE
  • PET
  • PP
  • Metal
  • Paper/Paperboard

By Application:

  • Alcoholic Drinks
  • Beer
  • Wine
  • Spirits
  • Other Alcoholic Beverages
  • Non-Alcoholic Drinks
  • Fruit Juices
  • Carbonated Drinks/Soda
  • RTD Beverages
  • Bottled Water
  • Tea & Coffee
  • Milk Products
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:

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Future Market Insights Inc.
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Molded Wood Pallets Market Grows on Efficiency and Global Trade Expansion

market for molded wood pallets
market for molded wood pallets

The global market for molded wood pallets is expected to expand quickly in 2023, with yearly revenue growth of 2.0%. Sales of molded wood pallets are expected to rise from US$ 2.70 billion in 2023 to US$ 4.66 billion by 2033, according to a recent FMI projection. Over this period, the market for molded wood pallets is expected to develop at a compound yearly growth rate of 5.6%.

This anticipated rise demonstrates the expanding global demand for pallets made of molded wood. Over this period, the market is expected to grow at an exceptional Compound Annual Growth Rate (CAGR) of 5.6%, which bodes well for the industry.

Pallets made of wood serve as the main defense, guaranteeing that goods be transported to their destinations safely. Opting for top-notch wooden pallets proves most effective in efficiently lifting a substantial volume of goods during transit, leading to cost savings by minimizing the risks of damage or contamination. Additionally, they serve as a crucial measure in preventing potential injuries to labor due to overloading.

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In recent years, the molded wood pallets market has witnessed remarkable growth, attributed to the compelling attributes of durability, sustainability, and cost-effectiveness. The production of molded pallets involves injecting a molten plastic compound into a pallet mold, yielding robust, uniform, and consistent products. This pioneering manufacturing approach has not only fueled the demand for molded pallets but also led to their widespread adoption, displacing traditional wood pallets and alternative materials across various industries.

The molded wood pallets market in North America is expected to lead the global market during the forecast period. The adoption of molded wooden pallets for importing and exporting commodities across nations is projected to be the main factor driving expansion in this sector.

Key Takeaways:

  • The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 3.5% through 2033.
  • The United States dominated the market in 2022 holding a 15.6% share of the global market.
  • With a CAGR of 8.6% over the forecast period, India is predicted to develop significantly in the market.
  • The market in China is expected to proliferate, registering a CAGR of 8.1% over the forecast period.

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Competitive Landscape:

The top market players in the molded wood pallets market are

  • Litco International Inc,
  • Millwood, Inc,
  • Snyder Industries, Inc,
  • The Nelson Company,
  • Beacon Industries Ltd,
  • Brambles Ltd,
  • Nefab Group,
  • Presswood International BV,
  • CABKA Group GmbH,
  • Schoeller allibert services b.v,
  • Loscam Australia pty ltd,
  • Kronus Group,
  • Linyi Kunpeng Wood Co., Ltd,
  • Taik Sin Timber Industry Sdn Bhd,
  • others

Key players in the molded wood pallets market have chosen acquisition, merger, product launch, business expansion, and agreement as their main developmental methods to provide customers with great products and services. Companies competing in the market are also attempting to form strategic alliances and partnerships with other producers to increase the scope of their product lines.

Recent Developments:

  • In November 2022, Millwood has completed its acquisition of Southworth Wood Products. The 51-acre new region is going to be referred to as MillTree East. Band saws are now being used to reduce the size of the material for pallet assembly. Custom containers and pallets will also be created at this new location, according to the release.
  • In August 2020, Southern Molded Pulp and Molded Fiber Technologies and Acorn Pulp Group entered into a settlement agreement for their state-of-the-art molded fiber manufacturing equipment, which guarantees efficient manufacture of the molded wood pallets.

Key Segmentations-

By Product Type:

  • Nestable /Stackable
  • Rackable Pallets

By End Use:

  • Manufacturing
  • Food & Beverages
  • Chemicals
  • Automotive
  • Pharmaceuticals
  • Others
  • Logistics & Transportation
  • Building & Construction

By Size:

  • Full-size Pallet
  • Quarter-size Pallet
  • Half-size Pallet

By Region:

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

About Future Market Insights Inc. (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Sustainable Plastic Containers Market Sees Growth Surge from Convenience and Eco-Friendly Packaging Trends

 Sustainable Plastic Containers market
 Sustainable Plastic Containers market

Global Sustainable Plastic Containers market is anticipated to be valued US$ 27051 million in 2023 and US$ 35309.19 million in 2033. According to estimates, the market for plastic jar packaging will expand at a consistent 2.7% CAGR.

Sustainable plastic containers are a popular option for a variety of products, including household supplies, personal care products, and food and beverages. The market for plastic jar packaging is expanding due to a number of factors, including the increased need for lightweight, easy packaging and technological improvements that have improved the durability and environmental friendliness of plastic jars.

One major trend driving the growth of the Sustainable Plastic Containers market is the increasing demand for convenient and lightweight packaging. Plastic jars are lightweight and easy to transport, making them a popular choice for manufacturers and consumers alike. They are also easy to open and close, making them convenient for on-the-go usage. This trend is particularly prevalent in the food and beverage industry, where plastic jars are commonly used to package products such as jams, sauces, and dips.

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Another trend driving the growth of the Sustainable Plastic Containers market is the increasing focus on eco-friendly packaging. Plastic jars are now being made from recycled materials, making them more sustainable and environmentally-friendly. Additionally, many manufacturers are now using lighter-weight plastics, which use less energy to produce and reduce carbon emissions. This trend is becoming more and more important as consumers become more environmentally conscious and demand more sustainable options.

The advancements in technology are also playing a vital role in the growth of the plastic jar packaging market. New technologies like blow molding, injection molding, and thermoforming have made plastic jars more durable and resistant to impact, making them more suitable for packaging a wide range of products. Additionally, new packaging designs like tamper-evident closures and child-resistant closures have also made plastic jars more secure and safe.

The plastic jar packaging market is segmented based on type, application, and region. Based on type, the market is segmented into polyethylene terephthalate (PET), polypropylene (PP), and others. Based on application, the market is segmented into food and beverage, personal care, and household goods. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and South America.

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Leading players operating in the plastic jar packaging market are Alpha Packaging Inc., Ontario Plastic Container producers Ltd., Cospak Pty Ltd., Gepack Srl, Amcor Limited, Berry Global Inc., Gerresheimer AG, Olcott Plastics, Inc., RPC M&H Plastics Ltd., All American Containers, Inc., Tim Plastics, Inc., Pretium Packaging, LLC, Integrity Cosmetic Container Industrial Co., Ltd., Silgan Holdings Inc., Taral Plastics, Inc., SKS Bottle & Packaging, Inc., Neville and More Ltd., Ltd. Plasmo Pty Ltd, Zenith Global Ltd, Thornton Plastics Co., and Rayuen Packaging Co., Limited.

Regional Analysis-

North America is expected to dominate the global plastic jar packaging market due to the presence of a large number of food and beverage manufacturers in the region. The Asia Pacific region is also expected to witness significant growth in the plastic jar packaging market, driven by the increasing demand for packaged food and beverages in the region.

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Key Segments-

By Material Type:

  • Polyethylene Terephthalate (PET)
  • Polyethylene (PE)
  • Low-Density Polyethylene (LDPE)
  • High-Density Polyethylene (HDPE)
  • Polyvinyl Chloride (PVC)
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Others (polycarbonate, polylactide etc.)

By Capacity:

  • Less than 10 Oz
  • 11 – 30 Oz
  • 31 – 60 Oz
  • More than 61 Oz

By End Use:

  • Food and Beverages
  • Personal Care & Cosmetics
  • Homecare
  • Pharmaceuticals
  • Chemicals
  • Others

In conclusion, the plastic jar packaging market is expected to grow in the coming years, driven by increasing demand for convenient and lightweight packaging, advancements in technology, and a growing focus on eco-friendly packaging. Manufacturers are focusing on introducing new and innovative packaging designs, which will be beneficial for the growth of the market. The plastic jar packaging market is a highly competitive market and the leading players are focusing on strategic collaborations and mergers and acquisitions to increase their market share.

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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.

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Paper Edge Protectors Market Thrives on Rising Demand for Safe Transportation Solutions | FMI

paper Edge Protector
paper Edge Protector

The market for paper Edge Protectors is expected to achieve a valuation of US$ 4.56 billion by the end of the projected period (2023 to 2033) at a noteworthy compound annual growth rate of 4.5%. The growing need for safe goods transportation, particularly from the food and pharmaceutical industries, is probably what will fuel the rise.

Paper edge protectors are expected to witness significant growth in the upcoming years on the international market. This is mostly due to the world’s continued and fast industrialization. Growing demand

supplied by several international sectors, including manufacturing, food & beverage, and pharmaceuticals, is probably going to be the main factor fueling the market’s steady expansion for paper edge protectors from 2023 to 2033.

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Countries such as the United States, Japan, and China are witnessing a rapid increase in production levels which is expected to present opportunities for the market. Industries in these regions are increasing their production capacity with the use of enhanced technology. This is increasing the demand for the transportation of goods and correspondingly surging the market for paper edge protectors.

Key Takeaways from the Market:

  • The market is expected to grow at a CAGR of 4.5% over the forecast period reaching a valuation of US$ 4.56 billion.
  • Till the end of the year 2023 the market is expected to reach a valuation of US$ 2.91 billion.
  • The United States market is anticipated to grow at a promising CAGR of 3.7% over the forecast period.
  • The market in China is likely to grow at a significant CAGR of 6.7% backed by increased industrialization in the region.
  • The recycled paperboard segment is expected to grow at a CAGR of 4.1% as it provides an eco-friendly solution for the packaging industry.
  • The United Kingdom is likely to be the dominant region in Europe and grow at a CAGR of 2.2%.

Competition Analysis for Key Market Players

  • The big players in the global market for paper edge protectors are engaged in acquisitions of smaller players to expand their portfolio of products and increase production capacity. They are also ensuring to provide better products via enhanced technology for manufacturing. This provides key players to get a competitive edge. Key players are also engaged in collaborations to spread their reach and increase business. Some to the key players in the market include Smurfit Kappa Group Plc, VPK Packaging Group NV, Sonoco Products Company, Packaging Corporation Of America, Rengo Co., Ltd., N.A.L. Company, Inc., Primapack SAE., Konfida., Cascades Inc., Litco International, Inc.

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Recent Development in the Market:

VpK Packaging Group was involved in acquiring a leading manufacturer of paper edge protectors from Finland- Corenso.  This acquisition is expected to provide VpK Packaging group with the power to penetrate the European market and also get access to the Chinese market. The company expects to grow its production capacity and expand its revenue via this acquisition.

Key Segments

By Material Type:

  • Solid Bleached Sulphate
  • Coated Unbleached Kraft Paperboard
  • Recycled Paperboard

By Product Type:

  • Angular
  • Round

By End-use Industry:

  • Logistics & Transportation
  • Warehousing
  • Manufacturing
    • Food & Beverage
    • Building & Construction
    • Personal Care & Cosmetics
    • Pharmaceuticals
    • Electrical & Electronics
    • Chemicals
    • Others (Homecare, Toiletries, etc.)

By Region:

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

About Future Market Insights Inc. (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Aluminum Extrusion Market Growth Driven by Urbanization and Lightweight Trends

Aluminum Extrusion Lubricants Market
Aluminum Extrusion Lubricants Market

Projected from 2023 to 2033, the aluminum extrusion market predicts a 4.6% compound annual growth rate (CAGR) and a steady growth trajectory, rising from US$ 126.67 billion in 2023 to US$ 195.48 billion by 2033. This increase is a sign of the growing need for aluminum extrusion in a variety of industries due to its sustainability, lightweight nature, and adaptability. The market is expected to grow significantly as long as industries including aerospace, automotive, and construction continue to use aluminum extrusion due to its strong structural integrity and adaptability in design. The continued significance of aluminum extrusion in contemporary manufacturing and construction applications is seen in this increasing trend.

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Aluminum Extrusion Industry: Unveiling the Potential

The aluminum extrusion process, known for its intriguing nature, entails shaping aluminum by exerting pressure to pass it through a specially designed die. This results in a diverse array of profiles and components featuring unique shapes and dimensions, unlocking innovative applications across various sectors.

China emerges as the dominant player in the aluminum extrusion market, commanding 59.5% of the global market value. This dominance is fueled by China’s dynamic manufacturing sector and the steady growth of per capita GDP, driving demand for extensive infrastructure development. Particularly, it’s the burgeoning building and construction industry in China that is propelling the increased need for aluminum profiles.

Key Companies:

Key manufacturers operating in the global aluminum extrusions market include

  • Hindalco Industries,
  • Jindal Aluminium Limited,
  • China Zhongwang Holdings Limited,
  • Constellium N.V.,
  • Hydro Extrusions,
  • Arconic Inc.,
  • Gulf Extrusions Co. (LLC),
  • TALCO Aluminum Company,
  • Zahit Aluminum,
  • Bahrain Aluminium Extrusion Co. (Balexco),
  • Qatar Aluminium Extrusion Company,
  • Bonnell Aluminum,
  • SKM Co., Ltd.,
  • Keymark Corporation,
  • Kaiser Aluminum Corp.,
  • Norinco International Cooperation Ltd.,
  • Hulamin Ltd.,
  • Sankyo Material Company,
  • Hammerer Aluminium Industries GmbH, and
  • WISPECO Aluminium.

Growth and Market Trends

The Aluminum Extrusions Market has witnessed impressive growth over the years, owing to various factors such as urbanization, industrialization, and technological advancements. The construction industry has been a significant driver, utilizing aluminum extrusions for windows, doors, curtain walls, and other architectural applications. Additionally, the automotive sector’s growing demand for lightweight materials has further boosted the market.

Key Segments of Aluminum Extrusions Industry Survey

Aluminum Extrusions Market by Product:

  • Automotive Chassis
  • Profile for Poles
  • Profile for Bridges
  • Profile for Rail Tracks
  • Door & Window Profiles
  • Curtain Walls
  • Profile for Heat Exchangers
  • Machinery Components
  • Others

Aluminum Extrusions Market by End User:

  • Aerospace
  • Building & Construction
  • Railways & Seaways
  • Energy
  • Defense
  • Others

About Future Market Insights Inc. (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Global Tote and Ingredient Bags Packaging Market Set for Strong Growth, Forecasts Future Market Insights

The tote and ingredient bags packaging market is poised for robust growth, with projections indicating a surge to US$ 41 billion by 2032. Over the forecast period spanning from 2022 to 2032, the market is anticipated to exhibit a value CAGR of 4.1%. By the end of 2022, demand for tote and ingredient bags packaging is expected to reach US$ 27.1 billion.

The global landscape of tote and ingredient bag packaging continues to evolve, driven by heightened demand for customized products and enhanced transport convenience. Notably, the retail sector’s growth in both developed and developing markets underscores the significant expansion potential of the tote bag packaging market.

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Research conducted by Future Market Insights (FMI) indicates steady growth in the food industry, particularly in emerging markets such as Argentina, Brazil, China, and India. This trend is expected to fuel the rapid expansion of the ingredient bag market, reflecting the increasing demand for efficient packaging solutions to cater to evolving consumer preferences.

The versatility of tote bags, characterized by foldability, customizability, and recyclability, further contributes to their popularity. As consumer lifestyles continue to evolve, the demand for tote and ingredient bags packaging is expected to witness a substantial uptick, driven by an enhanced standard of living and a growing emphasis on sustainability.

Tote & Ingredient bags packaging market: Dynamics

The global packaging market has increased in the past couple of decades resulting in an increased demand for custom products and ease of transport. The retail sector growth in the developed market has been moderate, around 5%, and is higher than 8% in the developing market, therefore, it is anticipated that this will allow the Tote bag packaging market to grow substantially. The food industry is also anticipated to experience a steady growth in emerging markets like Argentina, Brazil, China and India. These conditions are anticipated to fuel the growth of the ingredient bag market. Additionally, properties like foldability, customizability and recyclability of Tote bags increase their preference backed up by an improvement in the standard of living. All these conditions catalyze the growth of the Tote bag packaging market.

Despite the favorable conditions for the growth of the Tote bag packaging market, there are certain factors that hinder the growth like the environmental concerns. Toxic waste is generated from the plants and affect the nearby areas raising concerns among local residents. Stringent environmental policies are likely to impede the growth of the otherwise robust market.

Tote & ingredient bags packaging market: Geographical and Competitive dynamics

Geographically, the Global tote bag packaging market is segmented into North America, Latin America, Europe, Middle East and Africa (MEA) and Asia Pacific. The tote bag packaging market is anticipated to witness an impressive CAGR in the 2016-2024 timeframe.  Being a mature market, North America leads the tote bag packaging market share in the global tote bags packaging market, however, Europe and North America will experience moderate growth owing to their mature markets. The retail sector in China and India has shown a steady growth, owing to the increase in the number of retail outlets and malls, and is set to fuel the growth of the tote bag packaging market in the Asia-Pacific region. Emerging economies such as Argentina, Brazil, China and India will drive the growth of tote bag packaging market in Latin America and Asia Pacific respectively, and are anticipated to emerge as lucrative markets by the end of the 2016-2024 timeframe.

Key Players

Some of the key players in the tote bag packaging market are – Bustificio Enneci, Xiamen Novelbag Co. ltd., Nanchang cloud power E-commerce co., Flymax Exim, Pico Bags, Xiamen Daike bags co. ltd. and MCM-group.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology, and applications.

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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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.

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Global Boston Round Bottle Market Poised for Remarkable Growth, Predicts Industry Analysis

The Boston round bottle market is on an upward trajectory, with a projected compound annual growth rate (CAGR) of 8% expected through the assessment period extending to 2032. Currently valued at US$ 702 billion in 2022, the market is anticipated to soar to a worth of US$ 1,515.57 billion by 2032.

Boston round bottles, known for their versatility and compatibility with various substances, are extensively utilized for storing liquid, powdered, granular, or solid chemical specimens and other reagents. Moreover, they find wide applications in the storage of beauty products, colors, hair products, syrups, and more, owing to their practical design and ease of labeling facilitated by flat surfaces.

The inherent clarity of Boston round bottles enhances product presentation, making them a preferred choice across industries. The international expansion of the Boston round bottle market can be attributed to its diverse range of applications, driven by qualities such as corrosion resistance, inertness, heat resistance, and light resistance.

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Key Market Insights:

  1. Versatile Applications: Boston round bottles are widely favored for their versatility in storing various substances including liquids, powders, granules, and solid chemical specimens. Moreover, they find extensive usage in storing beauty products, dyes, haircare solutions, and syrups, owing to their compatibility with a wide range of items.
  2. Ease of Labeling: The flat surfaces of Boston round bottles simplify the labeling process, enhancing their appeal across industries. Whether for commercial or personal use, the ease of labeling makes these bottles a preferred choice for packaging solutions.
  3. Clarity and Presentation: The clarity of Boston round bottles makes them ideal for product presentation, allowing for clear visibility of the contents. This quality contributes to their popularity in various sectors, including cosmetics, pharmaceuticals, and food and beverage.
  4. International Expansion: With qualities such as corrosion resistance, inertness, heat resistance, and light resistance, Boston round bottles are witnessing increasing demand on a global scale. The market’s expansion is attributed to the diverse range of applications and the bottles’ ability to meet stringent quality standards.

Industry Trends:

  1. Premiumization and Luxury Packaging: Consumers are increasingly drawn to premium and luxury packaging designs that convey quality and exclusivity. Boston Round Bottles adorned with elegant finishes, embossing, and unique shapes align with this trend, enhancing the perceived value of packaged products.
  2. Minimalist and Sustainable Design: Minimalist packaging designs that prioritize simplicity, functionality, and sustainability are gaining traction among environmentally-conscious consumers. Boston Round Bottles with clean lines, recyclable materials, and minimalist aesthetics resonate with this trend, appealing to eco-conscious demographics.
  3. Convenience and Portability: Convenience-driven packaging solutions that offer ease of use and portability are in high demand across various consumer segments. Boston Round Bottles designed for on-the-go consumption, travel-friendly packaging, and single-serve formats cater to the needs of modern, busy lifestyles.
  4. Transparent and Authentic Communication: Transparent communication and authentic storytelling are becoming increasingly important for brands seeking to build trust and credibility with consumers. Boston Round Bottles that incorporate transparent materials, informative labeling, and authentic brand messaging foster meaningful connections with customers.
  5. Innovative Material Solutions: The exploration of innovative materials, including bioplastics, bio-based polymers, and recyclable plastics, is reshaping the landscape of packaging materials. Boston Round Bottles that leverage these materials offer sustainable alternatives to traditional plastics, addressing growing concerns about environmental impact and waste generation.

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Report Benefits & Key Questions Answered

  • Boston Round Bottle Historical Market Analysis: The detailed survey by FMI, examines key factors in the Boston Round Bottle market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Boston Round Bottle market for the forecast period 2022-2032.
  • Boston Round Bottle Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Boston Round Bottle for the assessment period. As per the study, the demand for Boston Round Bottle will grow at a robust CAGR between 2022 and 2032.
  • Boston Round Bottle Market Trend Analysis: The latest study by FMI on the Boston Round Bottle market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

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

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Market Segmentation

Boston Round Bottle Packaging Market can be segmented as following:

Based on bottle size:

  • Small Boston Round Bottle : 0.5oz to 2oz
  • Medium Boston Round Bottle : 3oz to 8oz
  • Large Boston Round Bottle : 8oz to 32oz
  • Very large Boston Round Bottle : >32oz

Based on color:

  • Amber
  • Cobalt blue
  • Clear glass
  • Other Colors

Based on caps & closure:

  • Applicator caps
  • Corks
  • Disc caps
  • Dome caps
  • Droppers
  • Pipette caps
  • Pumps

Based on end use industry:

  • Food and beverage
  • Home care
  • Chemical
  • Pharmaceutical
  • Health care
  • Others

Author

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Silage Bags Market Poised for Steady Growth, Forecasts Future Market Insights

The global silage bags market is set to experience substantial growth, propelled by a projected value CAGR of 4.9% across the assessment period of 2022-2032. According to insights from Future Market Insights (FMI), the market, valued at US$ 558 million in 2022, is anticipated to reach a valuation of US$ 900.27 million by 2032.

Silo bags, a staple in the agricultural sector for decades, offer an efficient solution for storing green fodder for cattle and various grain commodities including corn, wheat, barley, soybeans, and sunflower seeds. Their popularity stems from their ability to provide a secure storage environment, guarding against spillage and the threat of pests, particularly rats, commonly encountered in traditional warehouse storage methods.

With the agricultural landscape evolving and embracing innovative storage solutions, the demand for silage bags is expected to witness a substantial surge. This growth trajectory is further fueled by the expanding adoption of silo bags in grain storage applications, where they offer unparalleled convenience and reliability.

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Nearly one-third of all food produced each year is lost or spoils before it can be eaten, according to the World Food Program USA. At harvest time, millions of people in low-income nations experience food waste.

Market Dynamics

Silage bags market is expected to witness hike in terms of demand due to its convenient storage qualities. Silage bags are used for the storage of agricultural products like food grains, crops, etc. apart from feed and fodder. The increasing demand of the agricultural products and reduction in the production of the feed and fodder crops is expected to fuel the demand for silage bags market.

The attributes of silage bags that are support its demand includes low cost investment, minimum space requirement, ease of handling, etc.

Regions with high agricultural activities like India and Australia have increasing preference for silage bags for easy and safe techniques for the storage of their farm products.

Region Wise Outlook

On the basis of geographical regions, the silage bags market is divided into following regions: North America, Latin America, Europe, Asia Pacific and Middle East.

Asia’s large and growing population coupled with rising incomes and a rapidly growing middle class is expected to drive the demand for silage bags market. Silage bag market is therefore anticipated to be dominated by Asia Pacific region during the forecast period. The world’s growing economy like India and China is also expected to boost the silage bags market in the coming years.

Silage Bags Market: Key Players

The key players in the silage bags market includes

  • RKW groups (Germany),
  • Silo Bags International limited (China),
  • Silo Bags India (India),
  • Flex Pack (Holland),
  • Silo bag grain (Australia),
  • Grain Bags Canada (Canada),
  • The Panama Group (India),
  • Ipesa – Rio Chico S.A. (Argentina), etc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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Market Segmentation:

Based on capacity:

  • Small : 100 to 140 tons
  • Large : 150 to 200 tons
  • Very large : 210 to 250 tons

Based on grain types:

  • Dry grains
  • Wet grains
  • Crushed grains
  • Dried fruits

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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
Website: https://www.futuremarketinsights.com
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Ethyl Tertiary Butyl Ether Market Poised for Remarkable Expansion, Fueled by Diverse Industry Demand

The global ethyl tertiary butyl ether industry size is projected to amass a revenue of US$ 11 billion by 2032, with sales growing at a stellar CAGR of 9.2% from 2022 to 2032. Valued at US$ 5.6 billion in 2022, the market is driven to grow by factors like increasing demand from various end-use sectors such as chemical, petrochemical, paints and coatings, and others. Since ethyl tertiary butyl ether assists with the reduction of carbon monoxide and soot emissions, numerous enterprises adopt the product so as to comply with strict government regulations. These aspects facilitate the growth of the ethyl tertiary butyl ether market during the forecast period.

A commonly used oxygenate gasoline additive, the catalytic etherification of isobutylene with ethanol forms ethyl tertiary butyl ether. It finds usage as an oxidative additive in the production of crude oil so as to obtain gasoline. Ethyl tertiary butyl ether has also become a suitable substitute for ethanol owing to several benefits like better air quality and fewer technical and logical difficulties associated with its use. Additionally, as ethyl tertiary has a high octane number, ethyl tertiary butyl ether serves as an ideal octane booster in gasoline. This results in the chemical’s extensive use in gasoline to lessen vehicle exhaust emissions, avoid the use of organo-lead compounds, and alleviate the aromatic compound content while preserving high octane numbers.

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The past few years have witnessed a surge in environmental concerns, particularly about high carbon emissions, and a rise in sustainability drives with the implementation of stringent regulations. As a result, there’s been a notable growth in the demand for clean and efficient fuels. Consequently, several organizations use gasoline additives like ethyl tertiary butyl. Hence, high demand for clean and efficient fuels with greater combustion efficiency and lower emission rates will foster growth for the ethyl tertiary butyl ether market. The growing demand for unleaded fuels to constrain emission levels will further boost the prospects of the ethyl tertiary butyl ether market.

Key Takeaways in Ethyl Tertiary Butyl Ether Market:

  • The growing popularity of electric vehicles and battery technology along with concerns regarding aquatic ecosystems and water reserves due to the disposal of ethyl tertiary butyl ether will likely hinder the growth of the market.
  • Asia Pacific will emerge as an attractive pocket for the ethyl tertiary butyl ether market with a higher CAGR due to the high production of gasoline in countries like China.
  • Advancing automotive industry and growing population will drive the growth of the ethyl tertiary butyl ether market in India and China.
  • North America’s ethyl tertiary butyl ether market will show strong growth due to the rapid expansion of the automobile industry.
  • The US will be a significant pocket for the ethyl tertiary butyl ether market because of the increasing production and consumption of gasoline.

Competitive Landscape in Ethyl Tertiary Butyl Ether Market

Leading market players are focusing on increasing investment in research and development activities, product development, and new launches. These organizations also engage in various strategies including mergers, acquisitions, partnerships, and collaborations to gain a competitive edge.

Key Companies Profiled

  • LyondellBasell Industries Holdings B.V.
  • Evonik Industries AG
  • Repsol S.A.
  • Total S.A.
  • SABIC
  • Braskem
  • Neste
  • PCK Raffinerie GmbH
  • JXTG Nippon Oil & Energy Corporation
  • PKN ORLEN
  • Cosmo Oil
  • Compañía Española de Petróleos, S.A.U., (CEPSA)

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More Insights into Ethyl Tertiary Butyl Ether Market 

In its latest report, FMI offers an unbiased and detailed analysis of the global ethyl tertiary butyl ether market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of grade, fuel type, end-use industry, and region.

According to the same reports, based on region, the ethyl tertiary butyl ether market will present strong growth in North America and Asia Pacific. In North America, the market growth will be primarily supplemented by the high production and consumption of gasoline in the US. High demand for clean fuel, the rapidly expanding automotive sector, and increasing government regulations also aid the growth of the ethyl tertiary butyl ether market in North America. Asia Pacific’s ethyl tertiary butyl ether market will observe a faster growth rate due to the rising production of gasoline and a swiftly advancing automotive industry in countries like India and China. Thus, greater demand for clean and efficient fuel coupled with contributions from Asia Pacific and North America will propel the ethyl tertiary butyl ether market forward during the projection period.

Key Segments Profiled in the Ethyl Tertiary Butyl Ether Industry Survey

By Grade:

  • Low purity grade (<99%)
  • High purity grade (≥99%)

By Fuel Type:

  • Petrol
  • Diesel
  • Bio-Gasoline

By End-Use Industry:

  • Chemical
  • Petrochemical
  • Pharmaceuticals
  • Paints & Coatings

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Rising Global Demand Propels Agrochemical Additive Market to Projected Valuation of US$ 2.7 Billion by 2032, Fueled by Technological Innovations and Agricultural Sector Growth

Agrochemical Additives Market

The global agrochemical additives market is anticipated to reach a valuation of US$ 2.7 Billion by 2032, with sales growing at a 4.6% CAGR over the assessment period. The need for various agrochemicals including fertilizers and pesticides is rising owing to the increase in population, which triggers demand for crops and vegetable production.

While the demand for food products is rising all across the globe, cultivation areas are decreasing as a result of urbanization, industrialization, and development in the infrastructure. The market for agrochemical additives has been substantially influenced by certain socio-demographic factors, economic development, urbanization, and high demand for genetically modified crops.

Furthermore, focus on seed treatment, rationalization of rates, post-harvest agrochemical regulations, innovation funds for aggrotech, and import substitutions are expected to fuel the agrochemical additive market.

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“Growing demand for functional foods and high-nutrient food products is driving sales of agrochemical additives. In addition to this, significant government-backed investments, and subsidies for crop production across emerging economies will augment the growth in the market,” says an FMI analyst.

Key Takeaways:

  • By end use, pesticides are expected to account for a dominant share of the total demand for agrochemical additives.
  • Based on crop type, the cereals and grains segment is anticipated to hold about 35.8% of the overall consumption.
  • India is expected to emerge as a lucrative pocket in the South Asia agrochemical additives market over the assessment period.
  • China will continue dominating the East Asia agrochemical additives market over the forecast period.

Competitive Landscape

Leading players operating in the global agrochemical additives market include

  • Syngenta AG
  • Bayer Crop Science
  • Dow Agro Sciences
  • Adama Ltd
  • FMC
  • BASF SE
  • Sumitomo Chemical Co., Ltd
  • UPL Limited
  • Nutrichem Company Limited
  • Nufarm Ltd
  • Israel Chemicals Limited (ICL)
  • Saudi Arabia Fertilizer Company (SAFCO)
  • S.A OCPJordan Abyad Fertilizers and Chemicals Company
  • Yara International ASA
  • Heringer
  • PhosAgro
  • DuSolo Fertilizers
  • WinHarvest Pty Ltd
  • OCI N.V.
  • The Mosaic Company
  • Nutrient Ltd.
  • K+S KALI GmbH

Some recent developments in the market include:

  • In Oct 2021, one of the prominent market participants United Phosphorus announced its long-term collaboration with a global bioscience company Chr. Hansen to commercialize microbial-based solutions for sustainable agriculture.

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Agrochemical Additive Market Segmentation

By End Use:

  • Fertilizers
  • Pesticides
  • Plant Growth Regulators
  • Soil Conditioners
  • Liming and Acidifying agents

By Application:

  • Crop Protection
  • Seed Treatment
  • Soil Health
  • Solvents
  • Dispersants
  • Preservatives
  • Others

By Crop Type:

  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Plantation Crops and Hydroponics

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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