Disposable Plates Market is estimated at US$ ~4.8 Bn in 2022 and is projected to reach US$ ~6.4 Bn by 2027

The disposable plates market is estimated at US$ ~4.8 Bn in 2022, likely to surge at a vigorous 5.9% CAGR during the assessment period 2022 – 2027.

The research report also discusses the various opportunities for manufacturers of disposable plates, trends influencing the global market, drivers fuelling the growth of the global disposable plates market and restraints that have a negative impact on the global market for disposable plates. Along with market analysis from 2012–2016 and current market scenario (in 2017), the report also reflects key forecast highlights along with insight-based recommendations for the next 10 years (2022–2027).

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Future Market Insights presents a value and volume analysis along with strategic insights on the adoption of disposable plates in various regions across the globe. The report titled “Disposable Plates Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2022–2027)” covers a holistic angle of the global marketplace for disposable plates with the help of a detailed market segmentation.

Global Disposable Plates Market: Competitive Scenario

The global disposable plates market research report profiles several key players dealing with the manufacturing of disposable plates. Key companies such as Georgia-Pacific LLC, Huhtamaki Oyj, Pactiv Llc, Dart Container Corporation, D&W Fine Pack Llc, Hotpack Group, Jinhua Lansin Commodity Co., Ltd., Seow Khim Polythelene Co Pte Ltd., HOSTI GmbH, NUPIK — FLO U.K. Ltd., Poppies Europe Ltd., Fast Plast A/S, Dopla Spa, Ckf Inc., Duni AB, Be Green Packaging Llc, Polar Plastic Ltd., Genpak Llc and Vegware Ltd., are profiled in this research report.

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Global Disposable Plates Market: Forecast Highlights

According to the analytical and extensive research study on disposable plates, the global market is expected to witness robust growth in the years to follow. The global disposable plates market is projected to register a high value CAGR of 5.9% throughout the period of forecast and is estimated to reach a valuation of more than US$ 6 Bn by the end of the year of assessment from a value of around US$ 3.5 Bn in 2017.

Global Disposable Plates Market: Segmental Snapshot

The global disposable plates market is segmented on the basis of product type, design, sales channel and region.

  • By product type, the plastic plates segment is expected to lead the global market with a high market valuation and market share. The other segment in this category is projected to grow at a high value CAGR throughout the period of forecast.
  • By design, the plain segment is the largest with a market value of more than US$ 2 Bn in 2017. However, the compartment segment is gaining high traction and is projected to grow at a higher rate than the plain segment in the coming years and is estimated to reach a significant valuation by the end of the year of assessment.
  • By sales channel, the B2B segment is the largest and is expected to dominate the global market. By the end of the year of assessment it is expected to reach a value higher than US$ 4,900 Mn and is projected to grow at a high CAGR during the forecast period.
  • By region, North America is anticipated to show high market attractiveness. The disposable plates market in this region is expected to reach a valuation of around US$ 1,800 Mn by the end of the year of assessment. The disposable plates market in Asia Pacific excluding Japan is expected to grow at a high CAGR during the forecast period.

Global Disposable Plates Market: Dynamics Influencing Growth

There are several factors impacting revenue growth of the market. Growth driving aspects include growth of home delivery and online food service platforms, increasing demand for laminated paper plates, convenience and cost effectiveness of disposable plates, rising preference for ease in usage and hygiene, effective performance with respect to carrying a wide range of cold and hot food items, and substantial institutional sales through high demand from food service outlets.

Factors such as low production capacities of plastic disposable plate manufacturers in several regions, health concerns and increasing awareness among consumers regarding environment health, strict regulations owing to rising impact on environment, and shrinking profit margins owing to high competition are hampering the growth of the global disposable plates market.

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Jerry Cans Market is expected to surpass US$ 3.2 Bn by 2031, likely to Grow Moderately at 4.4% CAGR

In the latest study conducted by FMI, a rise in edible oil consumption along with growing demand for petroleum products is anticipated to fuel the global demand for jerry cans. Global sales of jerry cans are expected to reach US$ 2.1 billion in the year 2022 and grow to US$ 3.2 billion by the year 2031.

Despite emergence of intermediate bulk containers (IBCs) as a cost-competitive and space-conserving alternative, the demand for jerry cans remains healthy owing to high adoption by food & beverages and chemical industries. The global jerry cans market is set to exhibit a steadfast CAGR of 5% during 2022-2031.

Manufacturers are focusing on new innovative packaging to increase sales, which include refilling of gas in jerry cans. With advancements in shipping and logistics industries, manufacturers are providing gas knobs in jerry cans as a part of new innovative designs.

Furthermore, intercontinental trade of petroleum, oil, and lubricants is expected to remain positive in the next five years, thereby driving sales of jerry cans.

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Key Takeaways — Jerry Cans Market Study

The food & beverages industry will remain the key end user of jerry cans, attributing to ascending demand for vegetable oil, juices, and milk.

Manufacturers are developing products to meet end users’ specific requirements such as their demand for premium grade jerry cans to sustain fuels at the desired temperature. These developments, on the backdrop of value creation such as cost efficiency, increased storage capacity, and sustainability of plastic jerry cans, allow customers to gauge substantial long-term benefits.

Plastic jerry cans account for over 85% of overall sales and would remain prominent in the global jerry cans market in next ten years. Metal jerry cans on the other side, will witness gradual demand.

Jerry can manufacturers are leveraging their in-house research, testing, and development capabilities to innovate products in the industrial chemical sector.

The industrial sector is expected to exhibit increasing usage of larger and higher-value containers such as customized jerry cans. Furthermore, the demand for jerry cans is anticipated to significantly heighten in years to come, as manufacturers as well as suppliers in the food & beverage products have been consistently focusing on raising their production bars.

Manufacturers Eying Opportunities in Europe and South Asia

Over the past several years, the food & beverages industry has witnessed astonishing growth in regions such as European and South Asian countries. Leading jerry can manufacturers are targeting these regions to capture a prominent market share.

Countries such as India, France, and Germany are leading milk producers, which create enormous opportunities for jerry cans manufacturers to strengthen their business footprints in these regions.

Rising industrial manufacturing outputs also support the growth of jerry cans market. In 2021, the Grief Inc. announced the expansion of its CorrChoice sheet feeder network with the addition of new jerry cans facility.

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More Valuable Insights on Jerry Cans Market

Future Market Insights, in its new offering, offers an unbiased analysis of the global jerry cans market, analysing historical demand from 2016-2021 and forecast statistics for 2022-2031.

The study unravels growth projections on the jerry cans market on the basis of material (plastic and metal), capacity (below 10 litres, 10-25 litres, and above 25 litres), and end use (food & beverages, agrochemicals, industrial chemicals, petroleum & lubricants, and others), across the seven major regions.

The food & beverages segment is further sub-segmented into vegetable oil, juices & milk, and others. The agrochemicals segment is further sub-segmented into fertilizers and pesticides. The industrial chemical segment is further sub-segmented into hazardous and non-hazardous, petroleum & lubricants, and others.

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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 9-years.

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Barrier Shrink Bags Market is estimated at US$ 2.1 Bn in 2022, likely to surge at a vigorous 5.7% CAGR

The barrier shrink bags market is estimated at US$ 2.1 Bn in 2022 and is projected to reach US$ 2.8 Bn by 2027, at a CAGR of 5.7% from 2022 to 2027

The barrier shrink bags market constitute around 1-2% of the global food packaging market worth US$ 310 Bn in 2021.

The barrier shrink bags market revenue totaled US$ 2.0 Bn for 2021, according to FMI. The overall barrier shrink bags market is projected to expand 1.4 times the current market value by the end of 2027. The demand for barrier shrink bags will accelerate with the top 5 companies estimated to hold 40-45% of the barrier shrink bags market in 2022

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Key Takeaways of Barrier Shrink Bags Market Study

  1. As per FMI analysis, high barrier films are highly preferred for food packaging, and this segment is expected to create substantial incremental revenue opportunity during 2022-2027, as it ensures tear resistance of the packages and shelf life of the food product without spillage.
  2. The meat packaging segment is expected to hold a significant share of the barrier shrink bags market. This is attributable high moisture and oxygen barrier provided by these bags that ensures hygiene and longer life of meat products.
  3. Side sealed bags are expected to gain significant traction, on the back of high aroma barrier and high bi-directional shrinkage quality, which gives good presentation looks to the package.
  4. Higher thickness of barrier shrink bags provides extra resistance for bacteria and contamination. On the other side low thickness barrier shrink bags are easy to tear and give transparent presentation of the product. End users prefer 50 to 70 Micron thickness bags for food packaging.
  5. High abuse strength segment is expected to contribute significantly to the growth of the barrier shrink bags market.
  6. North America is identified the leading market for barrier shrink bags at global level. However, expansion of food industries in Asian countries is expected to offer substantial opportunities for players in the barrier shrink bags market during the forecast period.

“Key players in the global barrier shrink bags market can gain significant profits by focusing on enhancing market presence in untapped and developing countries such as China and India, attributable to expansion of food industries and hygiene awareness in this region,” says an FMI analyst.

Barrier Shrink Bags Market Landscape

Manufacturers of barrier shrink bags face intense competition in the global market. As per FMI research, high growth of the barrier shrink bags market is expected in next ten years, attributable to cost-effectiveness and high performance functionality of barrier shrink bags.

Some of the leading manufacturers of barrier shrink bags market are

  • Bemis Company, Inc.,
  • Winpak Ltd,
  • Kureha Corporation,
  • Coveris Holdings S.A,
  • Schur Flexibles Group,
  • Sealed Air Corporation,
  • Flavorseal Llc.,
  • Flexopack S.A.,
  • Globus Group,

BUERGOFOL GmbH, and Allfo Vakuumverpackungen Hans Bresele Kg. As per FMI’s market share analysis, Bemis Company, Inc., Sealed Air Corporation, Winpak Ltd, Kureha Corporation, and Coveris Holdings S.A are the top five companies holding an estimated market share of 15-16% in the global barrier shrink bags market.

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Barrier Shrink Bags Market by Category

By Barrier Type:

  • High Barrier Shrink Bags
  • Ultra High Barrier Shrink Bags

By Application:

  • Meat
  • Seafood
  • Poultry
  • Cheese & Dairy Products
  • Other Foods

By Product Type:

  • Round Bottom Sealed
  • Straight Bottom Sealed
  • Side Sealed

By Material Type:

  • Polyethylene
  • Low Density Polyethylene (LDPE)
  • Linear Low Density Polyethylene (LLDPE)
  • Polypropylene
  • Polyamide
  • Ethylene Vinyl Alcohol (EVOH)
  • Polyvinylidene Chloride (PVDC)
  • Others

By Thickness:

  • Up to 50 microns
  • 51 to 70 microns
  • 71 to 90 microns
  • 91 to 110 microns
  • Above 110 microns

By Abuse Strength:

  • High Abuse
  • Low Abuse

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • Middle East and Africa (MEA)

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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 9-years.

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Folding Boxboard Market is estimated at US$ 12.2 Bn in 2022, likely to surge at a vigorous 5.2% CAGR

The folding boxboard market is estimated to showcase an opulent growth opportunity by generating a total revenue of US$ 12.2 Bn in 2022 and is projected to reach US$ 20.3 Bn by 2032, at a CAGR of 5.2% from 2022 to 2032.

The study conducted by Future Market Insights estimates that the 201-300 GSM and 301-350 GSM basis weights segments of the folding boxboard market are estimated to cumulatively account for around 65% of market share in 2022 and the market valuation of these segments is projected to expand at a CAGR of 4.5% and 5.3% respectively during the forecast period 2022-32.

The market for folding boxboard is expected to surge by 50 basis share points (BPS) in H1-2022 (O) against comparison with H1-2021, according to an FMI analysis. However, when comparing the H1-2022 projected and H1-2022 outlook period, a rise in BPS change by 20 BPS has been noticed. Key reasons for the increase in the market are due to lightweight, solid, reliable, cheap, and effective packaging.

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Key Takeaways

  • Some of the recent market advancements have taken place in the folding boxboard market such as the development of lighter folding boxboards without sacrificing strength properties which saves raw material costs. Attributing to such factors, the folding boxboard market is expected to showcase opulent growth opportunities.
  • Furthermore, surging public awareness of the benefits of eco-friendly packaging and a widespread application of folding boxboard in every industry is further expected to drive market growth.
  • The escalating demand for flexible packaging paper solutions across the globe is driving the growth of the folding boxboard market as per FMI projections. The global folding boxboard market is anticipated to expand at a prolific 5.2% CAGR between the forecast period of 2022 and 2032, in comparison to the CAGR of 4.7% registered between the period 2015 and 2021.
  • The rising consumer shift towards paper packaging products is increasing day by day owing to the environmental friendly characteristics of paper material. In several countries, NGOs and governments are taking initiatives to educate people to eliminate the use of plastic packaging products. This has created a positive impact on the global demand for paper-based packaging products.
  • In most developing countries, regional governments have staunchly banned the use of plastic bags for retail use which contributes majorly to the pollution of metropolitan cities. Consumers in these big cities are positively supporting the no plastic movement and adopting paper-based packaging products over plastic packaging products.
  • Paper packaging comes with several benefits such as it offers optimum protection and is economical due to which they drastically become the first preference for packaging bulk goods in a variety of industries including electrical and electronics, processed food, etc. The ever-growing popularity of paper packaging products is anticipated to drive the folding boxboard market.

Competitive Landscape

Mondi Group plc, Kotkamills Oy., International Forest Products LLC, Mayr-Melnhof Karton AG, Metsä Board Corp., Nippon Paper Industries Co., Ltd., SAPPI Ltd., Stora Enso Oyj., Dordan Manufacturing Company, PG Paper Company, Iggesund Paperboard, Maxipos, Kartonfabrik Buchmann GmbH, Shandong Bohui Paper Industrial Co., Ltd., Hangzhou Gerson Paper Co., Ltd. are some of the key companies profiled in the full version of the report.

Leading folding boxboard manufacturers are launching new and innovative folding boxboard solutions targeted for specific applications in the food & beverage, pharmaceutical, and electrical & electronics end uses. Key players in the folding boxboard market are also taking steps like increasing investments to expand their manufacturing capabilities and geographical footprint to enhance their market share and global presence.

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More Insights into Folding Boxboard Market

The South Asian region is expected to dominate the folding boxboard market. India is the largest market for folding boxboards and is anticipated to account for 47% of the market share in 2022. According to Invest India, a National Investment and Facilitation Agency, the pharmaceutical industry in India is estimated to reach US$ 65 Bn by 2024 at a growth rate of 10 to 12% year over year.

The healthcare and pharmaceutical industry is one of the major end-use industries of the folding boxboard market and the industry is anticipated to raise the demand for the target product in India at a robust rate.

In the Europe region, Germany is expected to account for around 28% market share of the folding boxboard market by the end of 2022, which is the largest among other European countries.

According to the Federation of German Food and Drinks Industries (BVE), the German food & beverage industry was predicted to be the fourth-largest industry and the total industry revenue accounted for a total of EUR 185.3 Bn (~US$ 208 Bn) in the year 2019.

Folding Boxboard Market by Category

By Basis Weight:

  • Up to 200 GSM
  • 201 – 300 GSM
  • 301 – 350 GSM
  • Above 350 GSM

By Material Type:

  • Uncoated Paperboard
  • Coated Virgin Paperboard
  • Recycled Paperboard

By End Use:

  • Food & Beverage
  • Pharmaceutical
  • Cosmetics & Personal Care
  • Automotive
  • Electrical & Electronics
  • Transportation & Logistics
  • Others (Homecare, etc.)

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 9-years.

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Blister Packaging Market is projected to reach US$ 22.9 Bn by the year 2031 at a CAGR of 6.4%

The demand for blister packaging is set to reach 5.18 thousand tonnes in 2021, according to a new study by ESOMAR-certified market research and consulting firm, Future Market Insights. A higher preference for blister packaging over carton boxes in the pharmaceutical industry continues to fuel demand primarily. Blister packaging sales are also complemented by growing demand from food, consumer goods, and veterinary industries.

While the steady growth of the pharmaceutical industry is pushing the demand-supply curve upward, various guidelines for pharmaceutical packaging are further catalyzing the growth of blister packaging manufacturers. For instance, as per the FDA guidelines, pharmaceutical packaging must-have features that prevent mix-ups and cross-contamination, and specify procedures for examining packaging for suitability before packaging operations. Blister packaging fulfils all these criteria and hence it has high demand in the pharmaceutical sector.

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According to the India Brand Equity Foundation (IBEF), India is the largest provider of generic drugs globally, while Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the U.S. and 25% of all medicine in the U.K. Although pharmaceutical sector holds major pie of value share in the global market, consistently increasing demand for blister packaging is also attributed to its cost-effectiveness.

According to Future Market Insights (FMI), the future growth outlook for global blister packaging market seems promising as expenditure on healthcare and pharmaceutical across the globe is on significant surge.

Leading Companies Profiled in Blister Packaging Market are

  • Amcor plc
  • Constantia Flexibles GmbH
  • Sonoco Products Company
  • Winpak Ltd.
  • West Rock Company
  • Honeywell International, Inc
  • Uflex Ltd
  • Tekni-Plex, Inc
  • ACG Pharmapack Pvt. Ltd.
  • Klockner Pentaplast Group
  • SteriPack Group

Key Takeaways from Blister Packaging Market Study

  • Carded blister packaging remains lucrative, capturing over 55% share
  • Pharmaceutical segment to maintain the lead in terms of end use, holding over one-third share
  • High demand for thermoforming technology in manufacturing blister packaging to fuel sales
  • By material, plastic and aluminium collectively projected to hold over 75% of market share
  • The United States to remain at the epicentre, holding over 84% market value
  • The United Kingdom, Germany, France, China, and a few others to emerge lucrative for the suppliers

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“Leading manufacturers operating in the global blister packaging market are consistently enhancing blister packaging format by incorporating advanced packaging technologies such as thermoforming and cold forming. Furthermore, the rise in demand for blister packaging with high barrier film for excellent air, moisture, and light resistance is expected to further propel the growth of the blister packaging manufacturers in the near future,” says an FMI analyst.

Pharmaceutical Industry Growth Key to Blister Packaging Sales

Blister packaging being predominantly used for air tight packaging, sealing, and storing of medicines such as tablets and capsules which are in the form of unit dosing, has high demand in the pharmaceutical sector. While the consumer preference for single serving of the medicines is raising the requirement of blister packaging, the exponential growth of the pharmaceutical industry is further catering to it.

The United States is the largest market for biopharmaceuticals, accounting for around a third of the global market, and is the world leader in biopharmaceutical R&D. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), U.S. firms conduct over half the world’s R&D pharmaceuticals (US$ 75 billion) and hold the intellectual property rights on newer medicines. These figures represent high demand for blister packaging in pharmaceutical industry which in turn is fuelling the sales of the manufacturers.

Key Segments Covered in Blister Packaging Industry Research

Blister Packaging Market by Product Type:

  • Clamshell
  • Carded

Blister Packaging Market by Technology Type:

  • Cold Forming Technology
  • Thermoforming Technology

Blister Packaging Market by Material Type:

  • Plastic
    • PVC/Vinyl
    • PET
    • PE
    • Others
  • Aluminum
  • Paper & Paperboard
  • Others

Blister Packaging Market by End-Use:

  • Food
  • Pharmaceuticals
  • Veterinary & Nutraceuticals
  • Medical Devices
  • Electronics & Electricals
  • Industrial Goods
  • Consumer Goods

Blister Packaging Market by Region:

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

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Competitive Landscape

When it comes to protecting the highly sensitive medicines, high barrier packaging films play a crucial role. On the back of this factor, leading packaging companies operating in the global blister packaging market are introducing blister packaging made up of high barrier packaging films that maintain the integrity and quality of tablets and capsules against moisture and oxygen.

  • Klockner Pentaplast one of the leading pharmaceutical packaging manufacturers, has its kpMax – a four-layer structure blister packaging, specially designed for oxygen- and moisture-sensitive pharmaceuticals. The same packaging innovation provides several benefits such as 30% higher production output, minimizes blister card size which reduces secondary packaging and also requires minimum transition cost.
  • In January 2020, AptarGroup Inc., leader in material science and active packaging solution, launched fully-integrated Active-Blister packaging solution combining moisture absorption and oxygen scavenging properties. The company added the combined moisture absorption and oxygen scavenging capability to the Activ-Film product to provide end-users with a highly integrated solution for pharmaceutical products that are highly sensitive to the moisture and oxidation.
  • In 2019, Huhtamaki Oyj, one of the packaging giants, introduced recyclable Push Tab blister solution for pharmaceutical industry with the highest barrier properties.

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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 9-years.

Contact:

Future Market Insights, Inc  
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com     
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Micro Perforated Films Packaging Market is gaining traction from rising application in food packaging

Technology upgradation has major contribution towards increasing sales of micro perforated films packaging across the globe. Future Market Insights (FMI) in a new study has forecast the market to rise on expanding packaging industry, resilient ecommerce, and growing food delivery sector.

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for micro perforated films packaging. The report tracks the global sales of micro perforated films in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the food packaging industry in general, and micro perforated films in particular.

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Advent of laser technology with advanced features such as laser power control, laser-pulse confirmation, and in-line video inspection results in enhancing precise gas and moisture transmission rates and hence shelf life of the inside product. Furthermore, the current packaging method encompasses CO2 laser technology for better sealing and maintaining freshness of the product.

As per FMI analysis, laser perforation technology segment is holding maximum share in the global market compared to other segments. This technology offers high quality perforation and better consistency, venting and etching than mechanical venting and punch technique. Although, this technology holds nearly 3/5th value share in the global market, which is attributable to aforementioned benefits, it is estimated to gain by nearly 200bps of current market share in near future.

Additionally, the food packaging industry has been giving impetus to increasing sales of micro perforated films. Emerging e-commerce and online markets have fuelled up demand for micro perforated films. Investments in ready-to-eat food packaging and development of bakery and confectionary sector present a positive outlook for the growth of micro perforated films packaging market.

Key Takeaways of Micro Perforated Films Market Study

  • Polypropylene has emerged as more preferred material for manufacturing micro perforated films and accounts for nearly half of the market share. Consistently increasing demand for high oxygen transmission rate carrying perforated films among end users bolstering polypropylene uptake
  • Wraps/rolls are the most preferred type of packaging among consumers and their sales are estimated to increase further in the coming years. This segment is anticipated to remain lucrative in terms of incremental $ opportunity, during the forecast period
  • Sales of micro perforated films in food packaging is expected to accelerate in next decade. Changing consumer food preferences such as ready-to-eat and on-the-go food has significant impact on the market growth for ensuring better shelf life of the product
  • Micro perforated films packaging market in the United States alone is likely to increase at 5.2% during the forecast period. Micro perforated films sales in the US will be over 30% of total demand throughout the forecast period

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Demand for ready to eat and take-out food has increased owing to change in lifestyle, increase in disposable income of customers, and rapid urbanization in the emerging economies. Also, food consumption habits of consumers have changed rapidly owing to swiftly proliferating corporate work culture and industrialization. These developments are enabling sales in emerging economies where more number of food outlets and online food delivery services have opened.

Consumer focus on hygiene and food safety amid COVID-19 pandemic along with the rising demand for convenient packaging solution are increasing day-by-day. These requirements are inducing changes in packaging solutions. The demand for micro perforated films is increased potentially in the past year as consumers are preferring packaging solution that will keep product disinfected for longer duration. Besides this, government is also keeping eye on maintaining standards and quality of packaging approaches and material especially for direct consumable products. Reducing waste due to faster deterioration of food product, ease of contamination and fungal growth can be controlled to some extent using micro perforated films. Therefore, end users are gaining significant traction for such type of packaging films.

Impact of COVID-19 on Micro Perforated Films Market

The COVID-19 pandemic has impacted the micro perforated films market owing to the disruptions in the supply chain. Severity and duration of the crisis and weak corporate balance sheets of the companies that are the customers of the packaging industry could result in significant pressure on the micro perforated films manufacturers to reduce selling prices and costs. The recovery of the micro perforated films players depends on the degree of disruption and the demand by customers. Furthermore, sectors such as packaging for food and pharmaceutical packaging are anticipated to witness rapid rebound. However, for sector such as construction, the recovery is likely to be slower, as the customers are hesitant to incur expenditure on non-necessary goods.

Who is Winning?

Amcor Limited, Uflex Ltd., Sealed Air Corporation, Bollore Group, Mondi Group, TCL Packaging Limited, KOROZO Ambalaj San,ve Tic A.S, Darnel Group, Coveris Holdings SA and NORDFOLIEN GmbH are some of the leading companies operating in the market. The micro perforated films market is fragmented and the Tier 3 players in the market hold 60-70% share in the global micro perforated films market.

In order to gain competitive advantage companies are focusing on product launches. For instance Uflex Limited has launched various projects like Project Plastic Fix, FlexFilms for more sustainable and recyclable plastic films in 2020.

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

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Lubricant Packaging Market is expected to reach US$ 11.4 Bn in 2022

Increasing sales of heavy commercial vehicles are expected to boost the demand for lubricant packaging, states Future Market Insights (FMI). Demand for lubricant in bulk is increasing the sales of packaging product such as pails, cans, and bottles.

Lubricant Packaging Market is expected to reach US$ 11.4 Bn in 2022, likely to surge at a vigorous 5.2% CAGR during the assessment period.

This increase in demand for local transport and logistic industry will propel the sales of new heavy vehicles and also increase the frequency of vehicle service. On account of this, the demand for lubricant packaging will burgeon.

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Further, increase in supply of process oil, industrial oil and other lubricants and fuel will drive the lubricant packaging market. Demand is expected to surge with increase in intercontinental trade and trade across developed economies.

This is expected to create growth opportunity for the manufactures of bulk containers in lubricant packaging market.

Key Takeaways

  • By packaging type, the drums lubricant packaging segment is anticipated to remain the leading segment, holding over 33.5% of the market share by the end of 2021.
  • Based on lubricant type, the engine oil segment is projected to register a CAGR of 6.5% during the forecast period.
  • Plastic segment by material is estimated to hold around 68% of the market share in 2021.
  • By end-use, the automotive segment are anticipated to hold around 31% of the market share, reaching US$ ~3.4 Bn market value during the forecast period.
  • Asia Pacific, Europe and North America will showcase the highest demand for lubricant packaging due to the increasing need in automotive industry.
  • Europe and North America, collectively, are projected to hold approximately 47% of the market share, surpassing US$ ~5.1 Bn by the end of 2021.

“With growing production of heavy duty commercial vehicles, the demand for lubricant from automotive industry is increasing. Installation of robotic equipment and automatic machine in manufacturing industries also are expected to create opportunity for lubricant packaging manufacturers,” says an FMI analyst.

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Asia Pacific to Hold Around 30% of the Global Market Share during the Forecast Period

China, India and Japan are the leading producers of automobile in the Asia Pacific as well as in the global market. China accounts for 1/4th of the global production of motor vehicles, as per the study.

These countries cumulatively accounts for approximately 2/3rd of the total worldwide automotive industry. Hence, expansion of automotive industry in Asia Pacific will create opportunity for lubricant packaging manufacturers.

Lubricants are extensively used as engine oil in automotive industry. This is resulting in surge of demand for the engine oil, which is impacting the Asia pacific lubricant packaging market positively.

Further, the overall economic development in the Asia Pacific is expected to boost the lubricant packaging market in the forecast period.

Lubricant Packaging Market by Category

By Product:

  • Engine Oil
  • Transmission & Hydraulic Fluid
  • Process Oil
  • Metal Working Fluid
  • General Industrial Fluid
  • Gear Oil
  • Greases

By Material:

  • Metal
    • Tin
    • Steel
  • Plastic
    • Polyethylene
      • HDPE
      • LDPE
    • Polyvinyl Chloride (PVC)
    • Poly ethylene Terephthalate (PET)
    • Polystyrene (PS)
    • Polypropylene (PP)
    • Polyamide (PA)
  • Others

By End Use Industry:

  • Automotive
  • Metal working
  • Oil & Gas
  • Power Generation
  • Machine Industry
  • Chemicals
  • Other Manufacturing

By Region:

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

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

Contact:
Future Market Insights, Inc
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
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Micro Perforated Films Packaging Market is gaining traction from rising application in food packaging

Technology upgradation has major contribution towards increasing sales of micro perforated films packaging across the globe. Future Market Insights (FMI) in a new study has forecast the market to rise on expanding packaging industry, resilient ecommerce, and growing food delivery sector.

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for micro perforated films packaging. The report tracks the global sales of micro perforated films in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the food packaging industry in general, and micro perforated films in particular.

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Advent of laser technology with advanced features such as laser power control, laser-pulse confirmation, and in-line video inspection results in enhancing precise gas and moisture transmission rates and hence shelf life of the inside product. Furthermore, the current packaging method encompasses CO2 laser technology for better sealing and maintaining freshness of the product.

As per FMI analysis, laser perforation technology segment is holding maximum share in the global market compared to other segments. This technology offers high quality perforation and better consistency, venting and etching than mechanical venting and punch technique. Although, this technology holds nearly 3/5th value share in the global market, which is attributable to aforementioned benefits, it is estimated to gain by nearly 200bps of current market share in near future.

Additionally, the food packaging industry has been giving impetus to increasing sales of micro perforated films. Emerging e-commerce and online markets have fuelled up demand for micro perforated films. Investments in ready-to-eat food packaging and development of bakery and confectionary sector present a positive outlook for the growth of micro perforated films packaging market.

Key Takeaways of Micro Perforated Films Market Study

  • Polypropylene has emerged as more preferred material for manufacturing micro perforated films and accounts for nearly half of the market share. Consistently increasing demand for high oxygen transmission rate carrying perforated films among end users bolstering polypropylene uptake
  • Wraps/rolls are the most preferred type of packaging among consumers and their sales are estimated to increase further in the coming years. This segment is anticipated to remain lucrative in terms of incremental $ opportunity, during the forecast period
  • Sales of micro perforated films in food packaging is expected to accelerate in next decade. Changing consumer food preferences such as ready-to-eat and on-the-go food has significant impact on the market growth for ensuring better shelf life of the product
  • Micro perforated films packaging market in the United States alone is likely to increase at 5.2% during the forecast period. Micro perforated films sales in the US will be over 30% of total demand throughout the forecast period

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Demand for ready to eat and take-out food has increased owing to change in lifestyle, increase in disposable income of customers, and rapid urbanization in the emerging economies. Also, food consumption habits of consumers have changed rapidly owing to swiftly proliferating corporate work culture and industrialization. These developments are enabling sales in emerging economies where more number of food outlets and online food delivery services have opened.

Consumer focus on hygiene and food safety amid COVID-19 pandemic along with the rising demand for convenient packaging solution are increasing day-by-day. These requirements are inducing changes in packaging solutions. The demand for micro perforated films is increased potentially in the past year as consumers are preferring packaging solution that will keep product disinfected for longer duration. Besides this, government is also keeping eye on maintaining standards and quality of packaging approaches and material especially for direct consumable products. Reducing waste due to faster deterioration of food product, ease of contamination and fungal growth can be controlled to some extent using micro perforated films. Therefore, end users are gaining significant traction for such type of packaging films.

Impact of COVID-19 on Micro Perforated Films Market

The COVID-19 pandemic has impacted the micro perforated films market owing to the disruptions in the supply chain. Severity and duration of the crisis and weak corporate balance sheets of the companies that are the customers of the packaging industry could result in significant pressure on the micro perforated films manufacturers to reduce selling prices and costs. The recovery of the micro perforated films players depends on the degree of disruption and the demand by customers. Furthermore, sectors such as packaging for food and pharmaceutical packaging are anticipated to witness rapid rebound. However, for sector such as construction, the recovery is likely to be slower, as the customers are hesitant to incur expenditure on non-necessary goods.

Who is Winning?

Amcor Limited, Uflex Ltd., Sealed Air Corporation, Bollore Group, Mondi Group, TCL Packaging Limited, KOROZO Ambalaj San,ve Tic A.S, Darnel Group, Coveris Holdings SA and NORDFOLIEN GmbH are some of the leading companies operating in the market. The micro perforated films market is fragmented and the Tier 3 players in the market hold 60-70% share in the global micro perforated films market.

In order to gain competitive advantage companies are focusing on product launches. For instance Uflex Limited has launched various projects like Project Plastic Fix, FlexFilms for more sustainable and recyclable plastic films in 2020.

Request a Complete TOC of this Report with figures@
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:
Future Market Insights, Inc
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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North America Fresh Meat Packaging Market Analysis & Opportunity 2032

The North America fresh meat packaging market is expected to grow at 3.1% CAGR surpassing the market valuation of US$ 788 million in 2021. The growth can be attributed to availability of customization in clear meat packaging and high demand for convenient packaging solutions among urban population. Future Market Insights (FMI) predicts that fresh meat packaging market sales will surpass 365,800 tons in North America by the end of 2021.

Competitive Landscape

Future Market Insights in its latest market analysis discusses about the key trends shaping the fresh meat packaging market and highlights the strategies employed by market players to strengthen their market position. Market players are emphasizing on expanding their product portfolio to reach wider customer base. They are also inclined towards forming alliance and strategic merger and acquisition with other players.

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For instance, in April 2021, Coveris Holdings S.A. completed the acquisition of a profitable and stable business Initial Packaging Ltd which specialized in the production of specialty bags to focus on converted high end packaging solutions

At film convertor level

  • Bemis Company, Inc.,
  • Winpak Ltd.,
  • Sealed Air Corp.,
  • Berry Plastic Group, Inc.,
  • Coveris Holdings S.A.

At packaging equipment manufacturers level

  • Multivac Sepp Haggenmüller GmbH & Co.KG
  • Robert Reiser & Co
  • Harpak-ULMA Packaging, LLC
  • ALKAR-RapidPak, Inc.
  • Sealpac International BV.

At meat producer level

  • Tyson Foods, Inc.
  • JBS SA ADR
  • Cargill Meat Solutions Corporation
  • National Beef Packing Company, LLC.
  • Hormel Foods Corporation

At the retailer level

  • Wal-Mart Stores, Inc.
  • The Kroger Co.
  • Costco Wholesale Corporation
  • Whole Foods Market IP. L.P.
  • Wegmans Food Markets Inc.

Competition in the North America market for fresh meat packaging is expected soar. FMI however forecasts Berry Global Group Inc., Amcor Plc, Sealed Air Corp., Bolloré Group, and Winpak Ltd. to remain dominant, accounting for nearly 15% to 20% of overall sales registered in 2021.

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Market players are looking towards integrating recycled material in fresh meat packaging to replace the packaging solutions containing polystyrene foam tray and plastic film.

Growing consumer awareness and concern for non-biodegradable plastic has pushed market payers towards producing bio-plastics and molded fiber materials in compliance with performance requirements and standards set in packaging to keep the meat fresh for consumption.

Increasing consumption of animal meat especially poultry, pork, and beef in U.S. and Canada will boost the demand for fresh meat packaging solutions during the forecast period. Rapid urbanization and improved standard of living are the key factors directly influencing the consumption of animal products in these countries.

More than 354 million chickens were slaughtered in federally inspected slaughter houses in 2021 in Canada, according to Agriculture and Agri-Food Canada, Animal Industry Division.

Increasing slaughtering activities and establishment of retail chains and supermarkets has made animal meat readily available across North America. Rising demand for sustainable packaging which keeps meat fresh and offers stable shelf life has accelerated the sales of high barrier fresh meat packaging products.

COVID-19 pandemic hindered the fresh meat packaging production due to lack of raw material used in manufacturing and disruption of supply chain. As majority of raw materials are imported, lockdown and closure of trading routes slowed the production rate.

Market is expected to bounce back post pandemic. Investment in research and development of environment friendly packaging solution will boost the market growth.

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Key Takeaways from FMI’s Fresh Meat Packaging Market Study

  • Ethylene Vinyl Alcohol (EVOH) material segment is expected to grow at more than 4% CAGR owing to its eco-friendly nature and high recyclability.
  • Modified atmosphere packaging technology is predicted to expand at more than 2.6% CAGR owing to its superior aesthetics and improved shelf life.
  • 7-layer segment will generate the highest revenue followed by 5-layer segment as they offer extended shelf life, protects meat from bacteria like salmonella.
  • U.S. will account for more than 80% share of the North America market backed by increasing consumption and export of poultry and beef and presence of modern processing infrastructure in the country.

“Rising popularity of fresh processed meat products like hot dogs and rapid expansion of quick service restaurant chains and fast food joints like McDonalds will boost the demand for fresh meat packaging in North America,” says the FMI analyst.

Key Segments Covered in Fresh meat packaging Market Study:

By Packaging Format:

  • Modified Atmospheric Packaging
  • Vacuum Skin Packaging
  • Verteroplasty Packaging
  • Others

By Material Type:

  • Polyethylene
  • Poly vinyl chloride
  • Bi-axially oriented polypropylene
  • Polyamide
  • Ethylene-vinyl alcohol copolymer
  • Polypropylene
  • Others

By Layer Type:

  • Monolayer
  • 3-layer
  • 5-layer
  • 7-layer
  • 9-layer

By Meat Type:

  • Beef
  • Pork
  • Poultry
  • Others

Key Regions/Countries Covered:

  • North America
    • U.S.
    • Canada

More Insights on the Fresh Meat Packaging Market

In its latest report, FMI offers an unbiased analysis of the North America fresh meat packaging market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the market potential in North America, its growth, and scope, the market is segmented on the basis of packaging format (modified atmospheric packaging, vacuum skin packaging, verteroplasty packaging, and others), material type (polyethylene, poly vinyl chloride, bi-axially oriented polypropylene, polyamide, ethylene-vinyl alcohol copolymer, polypropylene, and others), layer type (monolayer, 3-layer, 5-layer, 7-layer, and 9-layer), meat type (beef, pork, poultry, and others), across major regions of North America.

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

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Delta Robots Market Is Primarily Driven By The Nation’s Increased Adoption Of New And Automated Technologies-FMI

Delta robots are a type of parallel robots, having three arms attached to a joint at the base. These robots are also called spiders owing to their agility and spider-like arms.

Delta robots market are frequently used in picking and packaging applications in various factories.  They can be used to execute more than 300 picks per minute. Delta robots were initially developed for limited pay load or for packaging applications.

However, currently, these robots have gained popularity in many end-use industries, such as high speed assembling, food processing, medical & pharmaceutical and many other industries. Delta robots are smaller and quicker when compared to Cartesian robots.

Moreover, maintenance of delta robots is less compared to other robots. Increasing adoption of delta robots is leading to increased productivity. That apart, these robots also help in maintaining the required hygiene standards. Hence, these significant features of delta robots will create significant demand for them in near future.

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Global Delta Robots Market: Dynamics

Growing automation across all end-use industries to increase efficiency and overall output will drive the global market for delta robots in future. Additionally, demand for high speed with accuracy is also one of the key factors responsible for high demand for delta robots from many end use industries.

Technological innovations and advancements coupled with development of advanced software, sensors and hardware is leading to the development of delta robots which are more intelligent and autonomous in terms of their capabilities.

Growing adoption of internet of things has allowed manufacturers to control and monitor the tasks of delta robots with the help of smart devices from remote locations. This, in turn, has increased the speed of operations and decreased the manufacturing cost, which is leading to an overall increase in demand for delta robots.

Global Delta Robots Market: Regional Outlook

The global market for delta robots is expected to witness robust growth in the Asia Pacific region over the coming years. This can mainly be attributed to the growing packaging and assembling sectors of the region. The region is also anticipated to hold dominant share in the global delta robots market.

Hence, higher share coupled with robust growth of the region is going to create healthy growth opportunities for the manufacturers of delta robots in future. Moreover, if we talk about developed countries of North America and Europe, higher demand is expected to be witnessed from assembling industries where delta robots are required to increase the efficiency and overall output.

Japan is also going to hold a significant share in the global delta robots market, primarily due to higher adaptation of new and automated technologies in the country.

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Global Delta Robots Market: Market Participants

Names of some of the manufacturers involved in the manufacturing of delta robots are:

  • ABB
  • Codian Robotics
  • FANUC Europe Corporation S.A
  • Omron Corporation
  • Kawasaki Heavy Industries
  • Penta Robotics
  • Maxon Motor
  • Cama Group
  • Estun Automation Co., Ltd
  • Robert Bosch GmbH

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

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The report covers exhaust analysis on

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

Regional analysis includes

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

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

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Global Delta Robots Market: Segmentation

The global market for delta robots can be segmented on the basis of dimensions, end use and region.

On the basis of dimensions, the global delta robots market can be segmented as:

  • 2D Robot
  • 3D Robots
  • 4D Robots
  • 5D Robots
  • 6D Robots

On the basis of end use, the global delta robots market can be segmented as:

  • Food & Beverages Industry
  • Packaging Industry
  • Medical & Pharmaceutical Industry
  • Electrical & Electronic Industry
  • Others

On the basis of region, the global delta robots market can be segmented as:

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

About Future Market Insights (FMI)

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

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