Market Research Blog – Page 5962 – New Product Development

Tape Measure Market Size is Estimated to Grow a CAGR of Around 4.5-5.0% in 2031 | Report by FMI

The tape measure market size is set to witness steady growth during 2021-2031, with a CAGR of around 4.5-5.0%. A tape measure is a portable device used to measure the size of an object up to 10m or more. The scale is a flexible strip composed of steel or carbon steel.

The global construction industry’s expansion and growth will probably keep tape measure sales strong. Additionally, it is predicted that other industries like furniture design and woodworking will dominate the market.

The demand for a tape measure is being driven by changing end-user demands for compact size and lightweight products as well as innovation in tape measure design that enhances the ease of daily carrying.

Additionally, tape measures have become a very easy-to-use tool thanks to advances in machinery. Additionally, the expanding packaging market and its uses are still a lucrative market for tape measure producers.

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The demand for tape measures in the clothing industry is expected to increase due to the growing interest of consumers, particularly women who are more likely to have their designer clothes and dresses tailored than buy them off the rack.

However, the regional government’s implementation of strict regulations as a result of the COVID-19’s widespread adoption severely hampered the operation of industries and stopped regular operations. Additionally, the tape measure market had been significantly impacted by the construction industry’s sales decline, which had a detrimental effect on growth.

Growing Demand for Convenient and Reliable Products in the Growing Construction Industry

The rapid urbanization has resulted drastically to fuel the pace of the construction industry thus, is followed by the growing demand for innovative, convenient, and reliable products. The addition of a self-locking feature in tape measures with the help of a hook allows easy and simplified measurement, and the retractable design is very convenient to use.

In addition, the rolling unit of the tape measure is a hard shell that makes the tape measure highly resistant to knocking and falling. Moreover, the finely polished surface of the steel strip is very safe for the user’s hand. The steel scale consists of groovings and paint sprayings that help users to measure accurate and clear reading.

At present, innovation is a key factor that helps the demand for a product or service to grow. In the case of tape measures, manufactures are investing in the R&D facilities to innovate the product such as the introduction of an electronic LCD that reads the length of the object measured. Such innovation helps users record accurate observations and reduce the chances of making an error to a minimum.

U.S. and Canada Tape Measure Market Outlook

North America is one of the largest markets for tape measure globally due to the growing interest of individuals in interior designing in residential sectors. In addition, the supporting government intends to invest in the development of infrastructure that is likely to fuel the demand for tape measures.

Demand for tape measures in U.S. and Canada will be led by the construction sector. The US construction sector faces a challenging year, however, the change in the mortgage rates tends to help recover the industry by early 2022. The momentum is likely to hold ground, which will provide an impetus to a range of construction materials, including tape measures.

Europe Demand Outlook for Tape Measure

The evolving mindset of players and manufacturers in various industries in Europe and the significant growth in the number of manufacturing industries has changed the outlook of the European market for all products and services, therefore, creating new growth opportunities for all including the tape measure industry.

Moreover, the rise in the adoption rate of the internet and smartphones are likely to help the tape measure industry to grow with the help of online retailers that have a huge market and customer base. Additionally, online retailers provide additional warranties and various offers that are highly attractive to customers thus, creating a new growth opportunity for the tape measures industry.

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Who are the Key Manufacturers and Suppliers of Tape Measure?

Some of the leading manufacturers and suppliers of tape measures include

Stanley Black & Decker
Komelon
Kutir
Techtronic Industries
Apex Tool Group
AdirPro
and Tajima Tool Corporation among others.

Key Segments

By Product Type:

Cloth Tape
Metallic (Steel) Tape

By Length:

Less than 5m
5m – 10m
More than 10m

By Price Range:

Less than US$ 15
US$ 15 – US$ 25
More than US$ 25

By End Use Industry:

Construction
Architecture & Interior Designing
Woodworking Indsutry
Clothing Indsutry
Others( Landscaping, Surveying, Commercial Industry etc.)

By Sales Channel:

Wholesalers/ Distributors
Supermarkets/ Hypermarkets
Specialty Stores
Multi-brand Stores
Online Retailers
Others

By Region:

North America
- US & Canada
Latin America
- Brazil, Mexico, Others
Western Europe
- EU5
- Nordics
- Benelux
Eastern Europe
Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan
Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa

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

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Spackling Paste Market is Projected to Reach at a 4.5-5.5% CAGR in 2031 | Report by FMI

The spackling paste market is set to witness steady growth during 2021-2031, with a CAGR of around 4.5-5.5%. A spackling paste is a non-porous substance applied on a surface to act as a waterproofing and holding agent and used to fill spaces.

Moreover, a layer of spackling paste over a constructed surface allows users to easily design and apply desired interior designs. The growing construction industry in both residential and commercial sectors is likely to grow the spackling paste market.

What is Driving Demand for Spackling Paste Market?

The rapidly growing urbanization has led to the fuel of construction activities, growing population, and availability of high spending capacity is driving the demand for spackling paste. Moreover, the advancement in technology and construction developments have eased the production and usability of spackling paste thus, boosting sales.

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With time, the cultures and trends in the designing industry keep changing globally, and thus, in order to make necessary changes in residential and commercial sectors drives the demand for premium and affordable spackling paste. In addition, the rising interest for highly water-borne spackling paste across the globe is encouraging manufacturers to supply unique and reliable products.

The sudden outbreak of the COVID-19 had resulted in severely affecting the global economy and declining the demands for various products due to the rise in unemployment. Moreover, the restricted movement of individuals in commercial areas had led to the decline of maintenance of building thus, hindering the construction industry and affecting the sales of spackling paste.

Growing Demand for Innovative Products and Evolving Trends to Boost Sales

The spackling paste industry has always been impacted by the evolving trends in the construction industry. The growing trends such as rising interest low volatile compounds, growth in the availability of various diversified paints and coats, and more are likely to grow the volume of sales.

In addition, the growing filling equipment market is boosting the demand for spackling pastes that are lightweight, easy to handle and flow with ease. Moreover, the improvement in the packaging machinery and services has led to the rise in demand for spackling compounds that can be easily turned into a paste using water or cement.

U.S. and Canada Spackling Paste Market Outlook

North America is one of the largest markets for spackling paste globally because the construction industry in the countries is the major contributor. For instance, the U.S. economy heavily relies upon the construction industry as it contributes over US$ 1.4 Trillion and thus requires regular maintenance. Therefore, driving the demand for spackling paste industry.

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However, the U.S. construction sector faces a challenging year, however, the change in the mortgage rates tends to help recover the industry by early 2022. The momentum is likely to hold ground, which will provide an impetus to a range of construction materials, including spackling pastes.

Europe Demand Outlook for Spackling Paste

Initially, Europe was heavily reliant on the western countries for the import of various materials and products and thus, could not match the supply and demand rate. However, the supporting government has helped players to establish their manufacturing plants, and thus, for better maintenance and reliable products, the spackling paste industry is likely to grow and provide innovative products.

Moreover, the high significance of spackling paste over plaster of Paris (POP) is because of its unique characteristics such as a longer life span, stronger holding capacity, and is highly water-resistant. Thus, builders are always seeking innovative products. In addition, according to CPA, the construction industry is likely to grow with a CAGR of over 5.2% in 2022, thus creating a lucrative market for spackling paste industry.

Who are the Key Manufacturers and Suppliers of Spackling Paste?

Some of the leading manufacturers and suppliers of spackling pastes include

Birla White
J.K. Cement Ltd.
Terraco
Meichao
Nippon paint
Mapei
Saint Gobain
Platinum Waltech
Dulux
SKShu
Walplast
M.J. Rapoport & Co. Inc.
United Gilsonite Laboratories
The Shermwin-Williams Company
KNP Paints 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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Key Segments

By Product Type:

Standard
Vinyl
Epoxy
Acrylic
Others

By Price Range:

Less than US$ 50
US$ 50 – US$ 100
More than US$ 100

By End-Use:

Residential
Commercial

By Sales Channel:

Wholesalers/ Distributors
Supermarkets/ Hypermarkets
Specialty Stores
Multi-brand Stores
Online Retailers
Others

By Region:

North America
- US & Canada
Latin America
- Brazil, Mexico, Others
Western Europe
- EU5
- Nordics
- Benelux
Eastern Europe
Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan
Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa

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Essential Oils, Essential Packaging Market Is Expected To See a Growth of 7.5% to 9.3% CAGR

The essential oil container market is projected to expand at a high CAGR of 7.5% to 9.5% over the assessment period of 2022-2032. The demand for essential oils has grown dramatically as a result of the markets for chemicals, food and drink, personal care, cosmetics, and personal care items. This in turn is a key factor behind the growth of the market for containers for essential oils.

Aromatherapy is a practise that uses essential oils, which are molecules that are extracted from fragrant plants. Essential oils are known to have intense tastes, scents, and therapeutic benefits. However, due to their flammable nature and high sensitivity to deterioration, fragrance oils must be handled and kept with caution.

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Where containers excel is in this situation. Containers for essential oils shield the oil from the outside world. Essential oil containers aid in extending the shelf life of the product and maintaining its quality by minimising exposure to moisture and sunlight. The most common container types for essential oils are bottles and jars.

The demand for containers for essential oils is increasing across a number of businesses. The availability of containers that are secure, recyclable, and have different capacities contributes to the expansion of the essential oil container industry worldwide.

“Adoption of alternative medicine is increasing sales of essential oils which will boost the market for essential oil containers over the forecast period,” says an FMI analyst.

Key Takeaways:

End-use industries are expected to bolster the essential oil container market.
Oxidation and polymerization processes triggered by external factors lead to loss of quality and pharmacological properties of essential oils. This primarily drives sales of essential oil containers.
Bottles will remain the most widely accepted essential oil containers.
Asia Pacific essential oil container market will present a significantly high CAGR.
China and India are lucrative markets for the essential oil container market in the region.
The U.S and Canada spend huge amounts on pharmaceuticals, personal care, and cosmetic products. This will gain momentum for the essential oil container market.

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Competitive Landscape

Guangzhou Jiaxing Glass Products Co., Ltd., G. Glass Factory, Carow Packaging, Inc., SKS Bottle & Packaging, Inc. The Grasse Fragrance Co., Baralan International S.p.A., Radcom Packaging Pvt Ltd, and Hangzhou 3 Star Craftwork Glass Co., Ltd. among others are some of the leaders in the essential oil containers market that are profiled in the full version of the report.

In a highly competitive market, the leading players in the essential oil container market are invested in introducing new and innovative essential oil containers into the global market so as to expand their product portfolio. Partnerships, strategic product pricing, and establishing bases in promising markets are strategies that these market leaders engage in.

More Insights into the Essential Oil Containers Market Report

In its latest report, FMI offers an unbiased analysis of the global essential oil container market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market prospect, growth, and range, the market is segmented based on material type(glass, plastic), product type(bottle, jars), closing style(caps, droppers, horizontal dropper, vertical dropper, pump dispenser, others), capacity(up to 20 ml, 20 ml to 50 ml, 50 ml to 100 ml, 100 ml to 200 ml, above 200 ml), end use(cosmetics & personal care, pharmaceuticals, food & beverage, household, chemicals, others) and region.

Future Market Insight study reveals that the Asia Pacific and North America carry significant market potential for essential oil containers. A keen proclivity towards Ayurveda and aromatherapy positions countries like India and China as potential markets for essential oil containers. These regions are also the major producers of essential oils across the world. Thus India and China are perfect markets for essential oil containers.

Canada and the U.S. are countries that recorded high spending on personal care, cosmetics, and pharmaceuticals. This promotes the sales of essential oil containers in the North American market.

The containers are made from high-quality raw materials like plastic and glass. Bottles and jars are the primary product types of the essential oil container market. However, of the two, bottles still remain the preferred choice of essential oil container across multiple industries.

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Key Segments Profiled in the Essential Oil Containers Industry Survey

By Material Type:

Glass
Plastic

By Product Type:

Bottle
Jars

By Closing Style:

Caps
Droppers
Horizontal Dropper
Vertical Dropper
Pump Dispenser
Others

By Capacity:

Upto 20 ml
20 ml to 50 ml
50 ml to 100 ml
100 ml to 200 ml
Above 200 ml

By End Use

Cosmetics & Personal Care
Pharmaceuticals
Food & Beverage
Household
Chemicals
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ

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.

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Packing Belt Market to Reach US$ 3.1 Billion by 2032 Driven by Increasing Need for Safe and Efficient Transportation of Goods

The global packing belts market is predicted to reach US$ 3.1 billion in 2032 and grow at a CAGR of 5.1% from 2022 to 2032, according to a report by Future Market Insights (FMI).

A plastic packing belt, also known as a packing strap, is typically used to bundle, palletize, and hold medium- to large-sized bulky items during shipment. The requirement to protect bulk products from damage brought on by movement during transit is a major factor in the demand for packing belts.

Packing belts are used in a number of end-use industries, such as food and beverage, pharmaceuticals, shipping and logistics, electrical & electronics, and automotive. They are viewed as a secure solution for product transportation because they are easy to use and minimal in weight. The increased need for dependable and secure packaging and supporting solutions for bulk items is anticipated to result in an increase in packing belt sales throughout the course of the forecast year.

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In order to keep packed goods secure during storage and transit, packing belts assist in absorbing pressure and maintaining tension. Numerous end-use industries frequently utilise polyester packing belt because it offers advantages including high break strength and better elongation.

Key Takeaways: Packing Belt Market

Polyester is estimated to be the dominant material in the packing belt market and is set to hold around 52% of the share by the end of 2032.
By end-use industry, the shipping & logistics segment is expected to create an absolute $ opportunity of US$ 344.6 Mn in the forecast period.
The India packing belt market is likely to exhibit steady growth at a CAGR of 5.5% during the forecast period (2022-2032).
The U.S. is anticipated to be valued at US$ 202.6 Mn in the upcoming decade with increasing sales of automotive.
The global packing belt market is expected to reach US$ 1.9 Bn in 2022.

“Development of eco-friendly packing belts such as PET straps made from recycled materials is projected to create new growth opportunities for key players and help them address vital sustainability concerns,” says a FMI analyst.

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Ability to Absorb Shocks during Transportation to Propel the Global Packing Belt Market

Packing belts are extensively used in numerous industries for medium and heavy-duty bailing, bundling, palletizing, and load unitizing applications. Growing significance of packing belts in the shipping and logistics industry to move goods efficiently is anticipated to augur well for the global market.

Moreover, shocks and high pressure created during shipping and movement of goods can lead to damages. High-elongated elasticity and strength of packing belts can help in retaining the created pressure or tension. Thus, high holding and shock absorbing capacity is likely to spur the demand for packing belts during the forecast period.

Competitive Landscape: Packing Belt Market

Some of the renowned companies present in the global packing belt market include Teufelberger holding AG, FROMM Packaging Systems Inc., Mosca GmbH, Samuel Strapping Systems, Linder GmbH, The Plastic Strapping Company Ltd, Northshore Strapping Company, Plastic Extruders Ltd., Campanini UGO S.P.A, Consent LLC, Narrowtex Pty (Ltd.), National Webbing Products, Universal Strapping Inc., and Nottingham Narrow Fabrics Ltd.

Packing Belt Market Outlook by Category

By Material:

Polypropylene (PP)
Polyethylene (PE)
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Polyester
Nylon

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By Thickness:

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

By End-use Industry:

Food & Beverage
Pharmaceuticals
Electrical & Electronics
Automotive
Building & Construction
Textiles & Apparels
Chemicals & Fertilizers
Shipping & Logistics

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Kraft Block Bottom Pouch Market Expected to Reach US$ 27.7 Billion by 2032 as Eco-Friendly Packaging Solutions Gain Popularity

From 2022 to 2032, the kraft block bottom pouch market is projected to expand at a strong 4% CAGR, reaching a value of US$ 18 Bn in 2022.

Key trends that will assist the growth of the global Kraft Block Bottom Pouch Market from 2022 to 2032 are revealed by a survey conducted by Future Market Insights (FMI), a leading source of market research and competitive information.

An in-depth examination of the kraft block bottom pouch market by FMI provides unique insights into important elements, such as market drivers and opportunities. It highlights chances for short-term success while also highlighting problems that provide risks.

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As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global kraft block bottom pouch market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales kraft block bottom pouch in the coming 10-years.

Sales of kraft block bottom pouch have risen due to the compact design of the Stand-up pouch, thereby making it efficiently possible to be placed on the shelf.

Increased tolerance for plastic use in packaging is also projected to contribute to the growth of the kraft block bottom pouch market share.

Key Kraft Block Bottom Pouch Market Takeaways and Projections

The U.S. is expected to lead the North america kraft block bottom pouch market, projecting the fastest growth in the region between 2022 and 2032.
Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.

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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of kraft block bottom pouch market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

It also provides a list of leading players and recent development in the global kraft block bottom pouch market. Some of the prominent market players are Mondi USA, Inc., PBFY Flexible Packaging, Paper Bag Co., Swiss Pac USA, TricorBraun Inc., International Plastics, Inc., BagInCo International, BillerudKorsnäs AB, H-PACK Packaging UK Ltd., Mohit Paper Packaging Industry.

Key Players:

Smurfit Kappa Group plc
DS Smith plc
WestRock Company
Interpak Holding B.V.
McLaren Packaging Ltd.
Valtenna srl
Metsa Board Oyj
Mayr-Melnhof Karton AG
Robinson plc
Graphic Packaging International, LLC

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Key Segments

By Kraft Paper:

White Kraft Paper
Brown Kraft Paper
Black Kraft Paper

By Capacity:

Up to 2 Oz
2-4 Oz
5-10 Oz
Above 10 Oz

By End Use:

Retail
Pharmaceuticals
Agriculture & Allied Industries
Building & Construction
Beverages
Foodservice
Chemicals and Fertilizers
Others

By Region:

North America
Latin America
Asia Pacific
Europe

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Custom Packaging Boxes Market to Reach US$ 9.0 billion by 2032 Fueled by E-commerce and Personalization Trends

A recent market analysis by Future Market Insights (FMI) projects that the global custom packing boxes market will reach US$ 5.7 Bn in 2022. Over the course of the assessment period, demand is anticipated to grow at a 4.7% CAGR, reaching a market value of $9 billion by 2032.

Bespoke packaging boxes for product packaging are eye-catching and help businesses make a positive first impression on clients. Consumers of today are becoming more and more aware of product packaging. The lid is left open next to the item when displaying products in custom packaging boxes on the shelf, which also helps to display the company logo.

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Jewellery, cell phones, fragrances, and other things are on show in boxes with bespoke packaging, with the lid open. The demand for custom packaging boxes is driven by the presentation’s role in forging an emotional connection between the client and the good. Additionally, printing is an option for these boxes, which enables firms to display their logo along with the pertinent product details.

Additionally, manufacturers can create packaging for a product based on the needs and size of the product, which aids in providing both appealing and protective packaging. The aforementioned factors are projected to support an increase in custom packaging box demand over the forecast period.

“Increasing adoption of custom mailer boxes for shipping of luxury goods, along with growing focus on sustainable packaging solutions will augment the growth in the market over the assessment period,” says an FMI analyst.

Key Takeaways:

Based on materials, the paper & paperboard segment is estimated to hold around 51% of the total market share by 2032.
In terms of end use, demand in the consumer goods segment is anticipated to increase at a CAGR of 5.3% during 2022-32.
The inserts segment will account for approximately 2/3^rd of the total market share in 2022.
Total sales in the Germany custom packaging boxes will reach a valuation of US$ 481.5 Mn by 2032.
The India custom packaging boxes market will create an incremental opportunity of US$ 219.1 Mn over the forecast period.

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Competition Landscape

Key custom packaging boxes manufacturers are Smurfit Kappa Group plc, DS Smith plc, WestRock Company, Graphic Packaging International, LLC, Stora Enso Oyj, Interpak Holding B.V., and Mayr-Melnhof Karton AG. Also, some of the noticeable players operating in the custom packaging boxes market include Robinson plc, Metsa Board Oyj, McLaren Packaging Ltd., Valtenna srl, and Polmac (UK) Ltd. The players operating in the tier 1 hold around 10-15% of the global custom packaging boxes market.

Custom Packaging Boxes Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global custom packaging boxes market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the custom packaging boxes based on the material (paper & paperboard, plastic, metal, and wood), inserts 9with inserts and without inserts), end use (consumer goods, electrical and electronics, cosmetic & personal care, fashion accessories & apparels, healthcare, and food and beverage) across seven regions.

Custom Packaging Boxes Market by Category

By Material:

Paper & Paperboard
Plastic
Metal
Glass

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By Inserts:

With Inserts
Without Inserts

By End Use:

Consumer Goods
Electrical and Electronics
Cosmetic & Personal Care
Fashion Accessories & Apparels
Healthcare
Food and Beverage

By Region:

North America
Latin America
Europe
Middle East and Africa
East Asia
South Asia

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Fruit Punnet Market Set to Reach US$ 1.69 Billion in 2032 Driven by Growing Consumer Preference for Healthy Snacking Options

Fruit punnets market is projected to rise from US$ 1 billion in 2022 to US$ 1.69 billion in 2032, with a CAGR of 4.9%.

A rapid rise in consumer awareness of nutrition and healthy eating has contributed to a surge in the demand for fruit punnets globally.

The global fruit punnet market is expected to grow between 2022 and 2032, according to a survey done by Future Market Insights (FMI), a leading provider of competitive intelligence and market research.

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A thorough analysis of the fruit punnet market by FMI offers fascinating insights into the major forces, such as drivers and opportunities, supporting the market’s expansion. It reveals issues that pose dangers and emphasises opportunities for progress in the short term.

According to a thorough analysis done by FMI, an ESOMAR-certified consulting firm, the global market for fruit punnets is anticipated to expand at a respectable CAGR from 2022 to 2032. The study’s goal is to examine significant market dynamics and identify important trends and possibilities that may boost fruit punnet sales over the next ten years.

Fruit container is used in the packaging and storage of fruits, which is an economical as well as a safe food packaging solution. Fruits are fresh produce that respires and ages at a rapid pace even after being harvested. They have a short shelf life, which is why transporting and storing them till the time they reach the fruit punnet market is quite a task to fulfill the demand for fruit punnet.

For this purpose, fruit punnet is employed, which tackles the task quite well and helps to consummate the sales of fruit punnet. The fruit punnet packaging manages to protect the fruit from external damage and, at the same time, helps in retaining its freshness.

Key Fruit Punnet Market Takeaways and Projections

The U.S. is expected to lead the North america fruit punnet market, projecting the fastest growth in the region between 2022 and 2032.
Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.

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Competitive Landscape Analysis

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

It also provides a list of leading players and recent development in the global fruit punnet market. Some of the prominent market players are AVI Global Plast Pvt Ltd, Smurfit Kappa Group plc, INFIA srl, Van Der Windt Packaging Ltd, LC Packaging International BV, Ilip s.r.l., T&B Containers Ltd.

What is the Competitive Outlook of the Fruit Punnet Market?

The key players in fruit punnet market are AVI Global Plast Pvt Ltd, Smurfit Kappa Group plc, INFIA srl, Van Der Windt Packaging Ltd, LC Packaging International BV, Ilip s.r.l., T&B Containers Ltd.

Key Segments

By Material Type:

Paper
Plastic
Polypropylene (PP)
Polyethylene terephthalate (PET)
Polystyrene (PS)
Polylactic Acid (PLA)
Other Plastic

By Capacity:

50 gm – 100 gm
101 gm – 200 gm
201 gm – 500 gm
Above 500 gm

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By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Mini Refillable Perfume Bottles Market is Projected to Grow at a 3.5% – 4.5% CAGR in 2031

The mini refillable perfume bottles market is set to witness steady growth during 2021-2031, with a CAGR of around 3.5-4.5%. The market for mini refillable perfume bottles is projected to grow owing to the rising standard of living in luxury and trending developments in the cosmetic industry based on new fashion and personal care.

In addition, mini refillable perfume bottles are easy to carry as the normal perfume bottles are glass made and thus, difficult to carry and have high chances of being damaged.

What is Driving Demand for Mini Refillable Perfume Bottles Market?

Evolving customer demands and rising interest of e-commerce platforms for shopping of essential and personal care products are likely to contribute towards the growth of the refillable perfume bottles industry. Moreover, the easy availability of perfume bottles through various retailers has had a positive influence on mini refillable perfume bottles sales.

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Moreover, the increased usage of recycled products in various industries has led to the diversification of bottle types available in the market. Further, with the help of technology and development, lightweight materials are used to manufacture perfume bottles that can resist the liquid and not spoil it. In addition, major players offer schemes such as customizable packaging that makes the product more affordable and grows the demand in the market.

The sudden outbreak of the COVID-19 had resulted in severely affected the working of industries and shutting down every day activities to stop the spread of the virus, as implemented by the regional governments.

Moreover, the ruled-out strict regulations on the movement of individuals in commercial areas led to the rise of essential products and declined the demand for various personal beauty and care products, therefore, affecting the sales of mini refillable perfume bottles.

Easy Customization and Availability of Diversified Product Portfolio to Grow Sales

Mini refillable perfume bottles are easy to carry, use, and further, be refilled by unscrewing the pump. The perfume bottles are generally made of glass and plastics that can be recycled and thus, is a product market. Moreover, companies provide with desired sizes of bottles and extra liquids that can be purchased separately as well with a variety of fragrances.

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In addition, the growing demand for unisex perfumes and fragrances especially, among millennials who intend to express their personality through their fragrances, as various brands also launch products that mark a certain character in an individual. Thus, it is encouraging manufacturers to diversify their product line and provide unique and affordable perfumes.

U.S. and Canada Mini Refillable Perfume Bottles Market Outlook

The countries of North America are likely to contribute and lead the market in terms of sales of mini refillable perfumes bottles, owing to the rise in customer spending capacity on beauty and personal care products. The presence of innovative product awareness strategies, which gain the attention of the customers especially, millennials who are the key drivers for the demand for mini refillable perfume bottles.

In addition, countries such as the U.S., Canada, and Mexico are anticipated to grow the demand at a rapid pace due to the growing number of international perfume manufacturers. However, demand for perfume and other luxury products is hindered due to the decrease in the economy and new regulations on trading have led to disruption of the supply chain.

Europe Demand Outlook for Mini Refillable Perfume Bottles

The evolving mindset of players and manufacturers in various industries in Europe

Are likely to help the mini refillable perfume bottle industry to grow. Moreover, the distributors conduct a market study, and target their audience, and thus, with the growing popularity of working women the volume of sales is projected to rise.

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Moreover, the presence of various global leaders in the beauty and personal care industry such as – Chanel, Gucci Gucci S.p.A., and LVMH among others in the countries of Europe are the key factors that make Europe the fastest-changing and evolving market for mini refillable perfumes bottles.

Who are the Key Manufacturers and Suppliers of Mini Refillable Perfume Bottles?

Some of the leading manufacturers and suppliers of mini refillable perfume bottles include

Marcelle Dormoy
Gucci Gucci S.p.A.
Chanel S.A.
Estee Lauder Companies Inc.
Hermes International S.A.
Ralph Lauren Corporation
L’Oréal S.A.
Coty Inc.
LVMH
Bulgari S.p.A.
Giorgio Armani S.p.A. among others.

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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 an 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.

Key Segments

By Bottle Type:

Glass
Plastic Polymer

By Price Range:

Less than US$ 50
US$ 50 – US$ 100
US$ 100 – US$ 200
Above US$ 200

By End-User:

Males
Females
Unisex

By Sales Channel:

Wholesalers/ Distributors
Supermarkets/ Hypermarkets
Specialty Stores
Multi-brand Stores
Online Retailers
Others

By Region:

North America
- US & Canada
Latin America
- Brazil, Mexico, Others
Western Europe
- EU5
- Nordics
- Benelux
Eastern Europe
Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan
Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa

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Tray Liners Market Competitive Growth Strategies Based on Type, Applications, End User and Region

According to latest research by Future Market Insights, tray liners market is set to witness steady growth during 2021-2031. Tray liners are placed in the base of the trays to prevent direct contact of tray and the content which is placed in it.

Tray liners have the ability to absorb almost twice as much water per unit weight as their replacement, cotton towels and five times their own weight which makes them a better choice for multiple applications in the packaging industry.

The global tray liners market is anticipated to grow positively during the forecast period. As a result, the tray liners market is set to witness a CAGR of 5.1%-5.9%.

What is Driving Demand for Tray Liners Market?

Manufacturers of tray liners are constantly innovating their product range to provide convenient packaging solutions to meet consumer demands. Industries such as pharmaceutical & healthcare and food have witnessed an increased consumption of trays which have led in increased the sales of tray liners.

Moreover, due to the escalating pharmaceutical industry, the tray liner market is propelling in the emerging economies. While in the developed nations the meat, poultry and seafood packaging the industry is fueling the demand for tray liners in the market.

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However, with the spread of covid-19 pandemic, most countries stopped unessential movements and declared health emergency, thereby impacting heavily on the supply chain of tray liner products.

Rising Demand from Healthcare Industry is complementing the Tray Liners Market Sales

Tray liners in pharmaceuticals are setting industry standards for quality and reliability in medical services. Due to the need and demand for these products from the healthcare industry, tray liners manufacturers are concentrating on the production and development of pharmaceutical tray liners.

Furthermore, tray liners in pharmaceuticals are available in a variety of materials and additives, depending on the application. Tray liners are available in a variety of sizes and materials. Tray liners are light in weight and can absorb more than five times their own weight in moisture.

Further, tray liners with advanced features such as anti-skidding properties and cost-efficiency are being developed by the majority of manufacturers. Moreover, these tray liners are expected to be used in a variety of industries, including chemical research facilities. Further, tray liners are becoming more popular among dental clinics which is driving the demand for the product.

US and Canada Tray Liners Market Outlook

In the U.S, the tray liners market is booming over the past few years and is expected to rise due to awareness about hygienic treatment and healthcare in hospitals and clinics, the tray liners market is expected to witness growth during the forecast period.

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Europe Demand Outlook for Tray Liners Market

The demand for tray liners market in the European market is estimated to grow significantly in the upcoming years.

Manufacturers prefer tray liners as these tray liners absorb the fluids which are released by the meat and keeps it fresh in the cold storage for a longer time. This increases the shelf life of the packaged food which helps in reducing wastage.

Also, usage of these trays makes the disposal process of spoiled meat convenient and hence is preferred by the European region due to large presence of food chain in the region.

This is translating into higher demand of tray liners which are mainly used to protect the inner lining of the trays. These factors are expected to further increase the demand for tray liners in the European region during the forecast period.

Who are the Key Manufacturers of Tray Liners Market?

Some of the leading manufacturers of tray liners market include

Medline Industries Inc.
HASTI MEDIC
SafMed
Sirane Ltd.
Clinipak Limited
NOVIPAX LLC
Pactiv LLC
Weifang Sunshine Packaging Co. Ltd
Healthmark Industries Company Inc.
Flexipol Packaging Limited
Kimberly-Clark Corporation
Owens & Minor Inc.
Cardinal Health
and Shenzhen Snowdent Healthcare Co. Ltd. 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.

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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.

Key Segments

By Thickness:

Up to 40 GSM
40 – 70 GSM
70 – 90 GSM
90 – 110 GSM
110 GSM and above

By Application:

Pharmaceuticals & healthcare industry
Food packaging industry
Meat, poultry and seafood
Fruits
Veterinary Products
Others (Household applications)

By Sales Channel:

Hypermarkets/Supermarkets
Specialty Stores
Multi-brand Stores
Online Retailers
Direct Sales
Other Sales Channel

By Region:

North America
- US & Canada
Latin America
- Brazil, Mexico, Others
Western Europe
- EU5
- Nordics
- Benelux
Eastern Europe
Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan
Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa

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Resin Pigments Market is Set to Witness a CAGR of 4.0% During Forecast Period by 2031

The resin pigments market is set to witness a CAGR of 4.0% during 2021-2031. Resin pigments are some sort of resin pigment colorant which existed in the form of liquid. Liquid pigment can be applied in any vehicle and mixed to create any shade or color. It widely used by resin artist s for color dyeing. (Alcohol ink is a special liquid pigment).

What is Driving Demand for Resin Pigments?

Increased use of the product in the paints & coatings, plastics, and textile industries is expected to drive global market growth. Colorants made from resin pigments are widely used in the plastics and textile industries.

Because of the widespread use of plastics in packaging applications, the plastics industry is rapidly expanding. In the future years, this is likely to boost demand for resin pigments and propel global market expansion.

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Trends in Resin Pigments Likely to Augment Sales

The market players are concentrating their efforts on research and advanced technology, which is expected to boost sales during the forecast period.

Harima’s resins and tall oil products division, for example, draws on a wealth of advanced technologies and know-how to meet the diverse functional and performance requirements of printing inks, paints, adhesives, synthetic rubbers, and a variety of other consumer goods. In the sectors of printing ink resin, adhesive resin, and synthetic rubber emulsifier, the company offers a wide range of key goods.

Impact of Covid- 19 on Resin Pigments Market

In 2020, COVID-19 had a negative impact on the market. A disrupted global supply chain, as well as decreasing demand from a variety of end-user industries such as paints and coatings, plastics, textiles, and others, have influenced the market for resin pigments.

The paints and coatings industry is the major consumer of resin pigments, however due to the lockdown, factories have ceased production, resulting in a drop in resin pigment demand.

The increased demand for dependable commercial items, such as 3D printing materials, will likely present an opportunity in the future.

US and Canada Resin Pigments Market Outlook

Increasing construction activity in North America is expected to drive up pigment demand over the forecast period. Plastics and printing inks are two other important application industries that contribute to market demand.

Construction spending was anticipated at a seasonally adjusted annual rate of $1,568.8 billion in July 2021, up 0.3 percent (1.2 percent)* from the revised June estimate of $1,563.4 billion, according to the US Census Bureau.

Publication print inks, offset inks, solvent packaging inks, decorative laminate inks, and water-based packaging inks all use the product. These are also frequently utilized in plastic applications, namely for cosmetics, healthcare, food and beverage packaging, and other consumer products packaging.

During the review period, the plastic application segment is expected to earn significant revenue due to rising food and beverage demand as well as rising cosmetics demand.

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Europe Demand Outlook for Resin Pigments

The rise of the resin pigments market could be due to the rising demand for packaged food. Furthermore, resin manufacturers’ R&D and innovation are moving the sector forward. The market is benefiting from the increased usage of polyurethane resin in flexible packaging, which is pushing up demand for resin pigments in Europe.

Furthermore, demand for environmentally friendly resin pigments is predicted to increase in the region. Colorberry pigment pastes, for example, were produced and chosen by MRS.COLORBERRY exclusively for colouring resin.

They’re made and bottled in Germany, with their own quality control to ensure complete client pleasure. All colors in the COLORBERRY RESIN PIGMENT PASTE range have been laboratory tested and conform to ASTM-D4236. Because the pigments are mixed differently, each color has a different consistency.

Who are the Key Manufacturers and Suppliers of Resin Pigments?

Some of the leading manufacturers/suppliers include