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Plastic Rigid IBC Market Size, Future Forecasts, Growth Rate, And Industry Analysis To 2027

The global plastic rigid IBC market is influenced by aspects such as rising demand in the food and beverage industry, chemical industry, pharmaceutical industry, etc., and the growth of this market is pushed by benefits provided by plastic rigid IBCs such as low cost of transportation and storage, reusability and ease in maintenance. They are a much preferred choice among manufacturers and this trend is fuelling the growth of the global plastic rigid IBC market in the years to come.

Plastic rigid IBCs are containers used to store and transport various bulk material from one place to another, typically from the manufacturing plant to warehousing or even departmental stores. They are largely used in various end user industries for storage and transportation applications.

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The extensive research report on “Plastic Rigid IBC Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)”, skilfully presented by Future Market Insights covers various market statistics and includes an in-depth analysis on various trends, developments, opportunities, threats and growth drivers impacting the expansion of the global market for plastic rigid IBCs in the years to come, across key regions in the globe. As per this research study, the global plastic rigid IBC market is poised to expand at a healthy CAGR of 6.2% throughout the period of assessment, 2017-2022.

Key Highlights on Global Plastic Rigid IBC Market

Asia-Pacific excluding Japan region (APEJ) is highly lucrative region for the growth of the global plastic rigid IBCs. Owing to increasing technological developments supported by growing industrialization in this region, the need for storage and transportation of numerous bulky goods is rising. Moreover, due to low cost of land and labour, the APEJ region is marked by growing manufacturing plants in various fields such as chemicals, food and beverages, pharmaceuticals etc. This has triggered the demand for plastic rigid IBCs in this region

By material type, the HDEP segment is the largest segment reflecting a high market share as of 2017. This segment is likely to expand in the years to come and to lead the global market by material type category. In 2017, this segment reflected a market share of 63.2%, making it the largest segment. The LLDPE segment also shows positive growth and is poised to register the highest CAGR during the assessment period followed by the LDPE segment

By capacity type segment, the 1000-1500 litres segment is poised to grow at a higher CAGR of 6.5% owing to increasing demand for high capacity containers. Moreover, the 500-1000 litres segment is by far the largest segment showing good hold in the market. However, the above 200 litres capacity segment is expected to show slow growth owing to high costs of transportation compared to the material being transported and hence this capacity is used on a small scale and only in critical circumstances

Industrial chemicals end use segment is anticipated to be a highly potential segment in the years to come. This segment has shown a very high intake of plastic rigid IBCs since couple of years. Tis segment is highly favourable for the growth of the plastic rigid IBC market during the assessment period. Moreover, the food and beverage industry also demands for more plastic rigid intermediate bulk containers and this end user segment represents a high CAGR of 6.5% throughout the 2017-2022 assessment period

Key Player Analysis – Plastic Rigid IBC Competitive Scenario Included

The research study on global plastic rigid IBC market has included profiles of key players. This competitive analysis section includes key facts such as SWOT analysis, developments and innovations, product portfolio as well as key financials of various companies. In this report companies like Maschiopack GmbH, Bulk Handling Australia Pty Ltd, Snyder Industries, Inc., Hoover Ferguson Group, Inc., Time Technoplast Limited, Mauser Group B.V, Schutz Container Systems Inc., and Greif, Inc., are profiled.

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Market Segmentation

The research report on global plastic rigid IBC market is segmented by capacity type, material type, end use and region.

Region

North America
Latin America
Europe
Japan
APEJ
MEA

Capacity Type

Up to 500 liters
500-1000 liters
1000-1500 liters
1500-2000 liters
Above 2000 liters

Material Type

High Density Polyethylene (HDPE)
Low density polyethylene (LDPE)
Linear Low Density Polyethylene (LLDPE)
Polyvinyl Chloride (PVC)
Others

End Use

Industrial Chemicals
Petroleum & Lubricants
Food & Beverages
Paints, Inks & Dyes
Pharmaceuticals
Other End User

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

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Layer Pads Market Outlook, Current and Future Industry Landscape Analysis 2031

As per Future Market Insights (FMI), the global layer pads market is poised to expand at 5.6% CAGR, topping the shipment of ~750’000 Tonnes between 2021 and 2031. The market is expected to register year-on-year growth of 5.4% in 2021.

Growing preference for sustainable layer pads to protect the good during transit will propel the sales of layer pads.

In response to the growing demand for sustainability, companies are manufacturing corrugated and chipboard layer pads to meet the surging demand from chemical and beverages industries. Higher use in packaging and transit of hazardous chemicals worldwide also will spur the sales of layer pads.

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FMI has predicted the sales of paperboard layer pads to grow considerably over the forecast period. However, as plastic layer pads are economical and are durable, some of the end-users will continue preferring plastic layer pads in place of eco-friendlier alternatives.

On the flip side, stringent regulations imposed by on the use of plastic are expected to push the sales of paperboard layer pads. Driven by these factors, sales of layer pads are expected to reach US$ 1.16 Bn through 2021.

Key Takeaways from FMI’s Layer Pads Market Study

In terms of end-user base, almost 80% of layers pads sold are used in beverages industry
Food and agro products industry is expected to be the second largest end user, contributing sales of US$ 125.1 Mn through 2021
The U.S. is expected to lead the North America layer pads market on the back of increasing demand from beverages industry
Expansion of manufacturing and packaging industries is expected to propel the sales of layer pads in India
South Korea is expected to account for 8% of global layer pads market
In terms of material, while plastic is expected to hold lion’s share, sales of paperboard layer pads are expected to gain pace over the coming years

“Increasing demand for protective packaging and growing preference for online shopping have compelled industries to shift their focus to sustainable and durable packaging solutions. This is expected to create ample opportunities for layer pads manufacturers to capitalize on,” says an FMI analyst.

Competitive Landscape

As per FMI, top players are expected to account for over 15%-20% of global market share in 2021. Key players are focusing on collaboration with e-commerce and local vendors to increase their revenue generation.

Some of the key players are also introducing sustainable paperboard layer pads, to attract revenue. They are also collaborating with local and international beverages companies to expand their customer base and gain competitive edge.

As per Future Market Insights, Smurfit Kappa Group, DS Smith, International Paper, KapStone Paper and Packaging Corporation are identified as top layer pads market players.

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Layer Pads Market by Category

Material Type:

Plastic
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polycarbonate (PC)
- High Density Polyethylene (HDPE)
- Polyethylene (PE)
- Other Plastic Material
Paperboard
- Chipboard
- Solid Fiberboard
- Corrugated

End User Base:

Food & Agro Products
Beverages
- Alcoholic Beverages
- Non-Alcoholic Beverages
Electronics
Chemical
Others (Manufacturing)

Shape Type:

Die Cut Shape
Flat Shape

Zipper Pouch Market is expected to grow at approximately 5.3% CAGR throughout the forecast period by 2031

Newly released data by Future Market Insights (FMI), predicts the zipper pouch demand to improve by 4.2% in 2021 reaching volume of 44.3 billion units.

The overall valuation is expected to top US$ 2.1 billion in 2021, with the market continues exhibiting growth at a CAGR of 5.3% between 2021 and 2031. Rising in-store sales will remain a chief growth driver as consumers show greater keenness for competently packaged food items.

Disruptions in the supply chain following the outbreak of the coronavirus and consequent restrictions on movement and transport have negatively impacted sales. However, recovery is likely through 2021 and beyond. Expansion of the packaged food industry and the ever-growing demand for fresh produce will offer ample growth opportunities to manufacturers in upcoming years.

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Zipper pouches are accepted worldwide because they are both re-sealable and re-usable. These products also offer strong barriers to external atmosphere and temperature fluctuations. Applications of zipper pouches in the pharmaceutical, cosmetics, and personal care industries are gaining traction.

Marketers and retailers are able leverage zipper pouches to fulfil demand for packaging aesthetics. Also, consumer convenience through clear packaging attributes is likely to fuel demand for the foreseeable future.

In recent years, manufacturing giants have shifted their focus on the use of recyclable raw materials such as polyethylene (PE), polyvinyl chloride (PVC) and polypropylene (PP). Improvements in machinery have enabled large scale production with minimal waste.

Largely, the zipper pouch market is projected to grow supported by the usage of sustainable materials and green practices by producers and end-use industries.

Key Takeaways from the Zipper Pouch Market Study

Stand up zipper pouches account for more than 79% market value, owing to relative ease of use.
In North America, the U.S. holds a market share of almost 89% in 2021, driven by a matured packaged food sector.
The zipper pouch market in Germany is anticipated to exhibit a growth rate of 5% supported by the large-scale manufacturing sector of the country.
India is a fast-growing market in APEJ, driven by a large consumer base and changing consumer food and beverage consumption trends.
Zipper pouches are most widely used packaging various types of food products, as it holds almost 76% of market share in the year 2021.

“Expansion of the global zipper pouch market is largely driven by a surge in demand for packaged foods. The need to preserve food items and offer protection against harsh atmospheric conditions have aided developments in the industry. Most manufacturers are focusing eco-friendly raw materials and sustainable practices for producing making zipper pouches” says the FMI analyst.

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Shifting Consumer Preference Towards Resealable Packaging Drives Demand

The trend of stand-up pouches is driven by consumer preference for lightweight, portable, and resealable products. Companies are focusing on developing reusable, recyclable, and durable pouches.

These stand-up pouches are specially made with polyethylene terephthalate, polyethylene or Ethylene Vinyl Alcohol (EVOH) with integrated zippers and are also available in partially transparent variables.

The product is lightweight, recyclable and is mainly used for packaging dry and frozen food. This shift in packaging trends is resulting in a surge in adoption of zipper pouches with significant demand arising from household applications.

Zipper Pouch Market Landscape

Key players contribute 20-30% of the global market. Market leaders are largely engaged in strategies to expand production capacity while investing in material innovations to improve on packaging barrier properties.

Berry Global Group, Amcor plc and Rengo Co. Ltd., Transcontinental Inc., C.I. Takiron Corporation and Novolex Holdings, LLC are some of the leading players in the zipper pouch market.

Zipper Pouch Market by Category

By Product Type:

Stand Up Zipper Pouch
Flat Zipper Pouch

By Material Type:

Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
Aluminum Laminates
Paper
Others

By Closure Type:

Slider Zip
Press to Close

By End Use:

Food
- Fruits & Vegetables
- Meat, Poultry & Sea Food
- Bakery & Confectionery
- Ready-to-eat food
- Dairy Products
- Cereals
- Pet Food
Pharmaceuticals
Cosmetics & Personal Care
Others

By Region:

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

Gummed Tapes Market to exhibit a CAGR of nearly 6.2% in the forecast period by 2031

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

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

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

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

Key Takeaways:

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

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

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

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

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Gummed Tapes Market by Category

By Backing Material:

Paper Gummed Tapes
Fiber Reinforced Gummed Tapes

By Product Type:

White Gummed Tapes
Brown Gummed Tapes

By Adhesive Type:

Starch Adhesives
Other Adhesives

By Application:

Box & Carton Sealing
Splicing
Others

By End Use:

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

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

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

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

Dual Ovenable Lidding Films Market reflects a CAGR of around 5.6% over the forecast period by 2031

The need for dual ovenable lidding films is being fueled by an increased focus on food safety and a consumer preference for pre-packaged convenience foods. According to a recent analysis by Future Market Insights (FMI), the market will grow at a 5.6 percent CAGR from now until 2031, when it will be valued at US$ 134.8 million.

Dual ovenable lidding films are a common packaging option in the food and beverage sector for packing items that need to be heated in the microwave or oven. Manufacturers’ increasing emphasis on providing products with a longer shelf life improves sales possibilities.

The demand for dual ovenable lidding films is consistently rising as they offer strong salability and a printable texture which makes them suitable for food packaging applications.

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FMI predicts two-fold growth opportunities for leading players. The usage and adoption of dual ovenable lidding films is estimated to increase on the back of rising consumption of ready meals, frozen foods, meat products, dairy products, and more.

Key benefits offered by dual ovenable lidding films include high safety, convenience and a longer shelf life. Biodegradable dual ovenable lidding films are becoming increasingly popular among major participants in the film packaging market.

End users in the frozen food and meat products packaging industry are focusing on lowering their carbon footprint. Consequently, some of the leading manufacturers are also using biodegradable goods as a result of government action that provides tax exemptions on revenue. Client preference for clean materials and an increase in health awareness, drives the demand for biodegradable dual ovenable lidding films.

Consumers are inclined towards processed food products. Many of the complexities of packaging processed food have been greatly minimized by the adoption of dual ovenable lidding films. Dual ovenable lidding films made of PET material are expected to see a surge in demand. Increasing concerns pertaining to safety of food and a developing packaged food culture globally, are contributing towards overall growth of the market.

Key Points Covered in Dual Ovenable Lidding Films Market Study

Market estimates and forecast 2014-2031
Key drivers and restraints impacting market growth
Segment-wise, Country-wise, and Region-wise Analysis
Competition Mapping and Benchmarking
Market Share Analysis
Key Product Innovations and Regulatory Climate
COVID-19 Impact on Dual Ovenable Lidding Films Market and How to Navigate
Recommendation on Key Winning Strategies

Key Takeaways from Dual Ovenable Lidding Films Market

Polyethylene terephthalate (PET) dual ovenable lidding films are expected to account for nearly 3/4th of the global market, aided by cost and durability benefits.

Peelable seals ensure the quality of product while improving user convenience, and are estimated to increase by nearly 2 times of the current value, at US$ 130 Mn by 2031.

Meat products packaging applications are expected to create an incremental opportunity of US$ 28.5 Mn in the next ten years.

The U.S. will account for over 90% of the North America value share through the assessment period, owing to a large and matured packaged food sector.

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Germany is the largest and fastest growing market in Western Europe, accounting for over 30% value share by 2031, driven by the presence of major manufacturing facilities.

“Improved safety and convenience offered by dual overable lidding films to packaged food have been improving their scope for applications. The market also will gain as the packaging industry slowly transitions towards biodegradable ovenable lidding films,” says an FMI analyst.

Impact of COVID-19

The COVID-19 pandemic and its global effects have had a notable impact on the global dual ovenable lidding films market. Stringent and complete lockdown in American, European, and Asian countries resulted in a declining supply and sales.

Food chains such as quick-service restaurants, and cafes were entirely shut down in almost every region, whereas, online food delivery were open and the deliveries were available which has lowered losses during the crisis. Nevertheless, demand for dual ovenable lidding films will gain traction in the later part of 2021 as industries recover rapidly with precautionary measures.

Competitive Landscape

Key manufacturers contribute 30-35% of the global market. Strategic expansions and acquisitions are expected to gain traction throughout the forecast period in the moderately fragmented landscape.

Amcor PLC., Berry Global, Inc., Sealed Air Corporation, and Sonoco Products Company, Schur Flexibles Holding GMBH, Sirane Ltd. are the top players operating in the dual ovenable lidding films market. Furthermore, Coveris, Inc., Toray Plastics (America), Inc, DuPont Teijin Films and many others in the market hold 65-70% in the global dual ovenable lidding films market.

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Dual Ovenable Lidding Films Market by Category

By Material Type:

Polyethylene (PE)
Polyethylene Terephthalate (PET)
- Crystallizable PET (CPET)
- Amorphous PET (APET)
- Recycled PET (RPET)
Polypropylene (PP)
Others

By Seal Type:

Pealable Seal
- Easy Peal
- Medium Peal
- Hard Peal
- Very Hard Peal
Permanent Seal

By Application:

Prepared Meals
Frozen Foods
Meat Products
Dairy Products
Others

By Region:

North America
Latin America
APEJ
Western Europe
Eastern Europe
MEA
Japan

Smart Labels Market is expected to reach US$ 24.8 Bn by 2030

The global Smart Labels Market is valued at around US$ 9.5 Bn in 2022, registering Y-o-Y growth of 9.6%. Sales of smart labels are projected to increase at a healthy CAGR of 11.2% and attain a valuation of US$ 24.8 Bn by 2030.

Ascending disposable incomes owing to rapid urbanization and improving living standards is stimulating demand for various consumer goods across the traditional and e-commerce retail segments respectively. There is an increase in footfalls across brick and mortar stores for purchasing various products.

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As a result, demand for proper packaging solutions is on the rise. Manufacturers are abandoning conventional barcodes in favour of advanced smart label solutions such as RFIDs and NFCs to provide clear information regarding product formulation, expiry and manufacturing process.

Key Takeaways from the Smart Labels Market Report

Global smart labels market is slated to expand at a value CAGR worth 11.2% from 2022-2030
RFID labelling to witness prolific adoption, comprising almost 60% of the revenue share by 2030
Digital printing technology is likely to acquire 480 BPS attributed to the need for clear labelling and information provision
Retail & logistics industries to collectively account for over half of the revenue share
North America to remain market hegemon, APEJ to register a dexterous growth trajectory

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COVID-19 Impact Analysis

In spite of witnessing a major slump across key industry verticals, the market for smart labels is anticipated to remain sustained in the wake of surging demand for processed foods, healthcare consumables and FMCGs.

Consumers are availing the aforementioned products via e-commerce channels due to social distancing, which requires vendors to package and label the goods properly and deliver them to their customers. Hence, RFID and QR aided labelling are witnessing widespread adoption.

During this unprecedented era when personal hygiene takes precedence over everything else, it is imperative for manufacturers to ensure that healthcare and disinfectant products are adulteration free, thus increasing the need for proper inventory tracking solutions, thus uplifting smart labels growth prospects.

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Key Segments Of Smart Labels Industry Survey

By Labelling Technology:

RFID
NFC Tags
EAS
Sensing Labels
Electronics Shelf Labels

By Printing Technology:

Flexographic Smart Labels
Digital Smart Labels
Gravure Smart Labels
Screen Smart Labels

By End Use:

Smart Labels for Healthcare
Smart Labels for Automotive
Smart Labels for FMCG
Smart Labels for Logistics
Smart Labels for Retail
Others

By Region:

North America Smart Labels Market
Latin America Smart Labels Market
Europe Smart Labels Market
East Asia Smart Labels Market
South Asia & Pacific Smart Labels Market
Middle East & Africa (MEA) Smart Labels Market

Who is winning?

Prominent players in the global smart labels landscape are Avery Dennison Corporation, Honeywell International Inc., Zebra Technologies Corporation and CCL Industries Inc. These players collectively capture 15-20% of the revenue share.

Their primary strategies include product launches, expansion of product portfolios and strategic collaborations and acquisitions.

Protective Packaging Market is likely to grow at a CAGR of 4.8% through 2031

The protective packaging Market demand remains positive with the market forecast to rise at a CAGR of 4.8% from 2021 – 2031. Driven by increasing emphasis on optimizing supply-chain management, the protective packaging market size is expected to reach US$ 26.55 Bn in 2021, as per latest insights by Future Market Insights (FMI).

Protective packaging solutions are predominantly used in industries to protect industrial and non-industrial goods from magnetic influences, vibration, shock, and electrostatic or atmospheric damage. According to a recent FMI report, the protective packaging market will surpass a valuation of US$ 26.5 Bn in 2021, exhibiting a CAGR of 4.8% between 2021 and 2031.

The rising emphasis of manufacturers on safe and secure transportation of fragile and non-fragile products to reduce unnecessary maintenance and shipping costs is propelling the sales of protective packaging solutions in the market.

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Additional benefits of protective packaging such as moisture and air barrier properties with high-level customization are driving market growth. FMI predicts that future demand and sales of protective packaging solutions will witness an upwards trajectory. Pivotal factors such rising output from the manufacturing sector coupled with swift penetration of transport and logistics worldwide is accelerating the growth of the protective packaging market substantially.

The COVID-19 pandemic and its global impact has adversely affected the global protective packaging market. Stringent and complete lockdowns in American, European and Asian countries resulted in a decline in the supply and sales of protective packaging solutions.

Fluctuation in demand from various end use industries has created negative impact on the demand of protective packaging solutions. The demand for protective packaging solutions will be sluggish for the next two quarters of 2021 as various countries across the globe are witnessing a new wave of the COVID-19 pandemic. Nevertheless, demand for protective packaging solutions will gain traction in the later part of 2021 as industries recover rapidly with adequate precautionary measures.

Key Takeaways from Protective Packaging Market

Flexible protective packaging is leading the market and is projected to hold more than 65% of the value share during the next decade, supported by improved flexibility in logistics.
Plastic is a widely used material for producing a wide range of protective packaging solutions. It is projected to witness incremental opportunity of US$ 7.9 Bn during the forecast period.
The U.S. is a dominant market, accounting for more than 88% of the North America market. It is driven by strict packaging standards and regulations in multiple industries.
Germany will remain a dominant market in Europe, accounting for over 22% of the regional market share, supported by the presence of an active manufacturing sector.
China and India are high potential markets reflecting a 7.5% and 9% CAGR through 2031 respectively. These markets are supported by wide consumer bases and manufacturing sectors.

“Recent developments aimed at encouraging faster conveyance of heavy and light duty goods with precise and safe packaging solutions is fuelling the popularity of protective packaging offerings among end users. Evolving preferences of industry players as they exhibit higher focus on sustainability and paper-based corrugated packaging solutions are anticipated to create new growth avenues for protective packaging manufacturers,” says the FMI analyst.

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Protective Packaging Solutions Prevent Damage to Fragile Cargo

Handle with care warnings are displayed on fragile cargo as there is little margin for mistakes and mishandling. Fragile goods and items are oddly sized and fragile in nature, requiring a customized packaging solution to ensure safe and secure transportation.

Shipping and cargo industries employ protective packaging solutions for bracing of cargo, damage prevention, and securing products during transit. Protective air pillows, dunnage bags, shipping containers, mailers and more are designed to reduce the impact of jerky movements and to preserve the integrity of industrial goods including delicate items.

Lightweight protective packaging solutions are preferred for loading fragile goods. Products and goods with high importance are also included in the fragile category as it is necessary to protect and deliver them undamaged. Rising demand for such resilient yet easy-to-use packaging solutions for safe and secure shipments is propelling the protective packaging market.

Who is winning?

The Tier 3 players in the fragmented protective packaging market hold 75-85% of the overall market share. In conclusion, key players contribute almost 15-25% of the global market. Product development efforts coupled with capacity expansion strategies are likely to gain interest of major players in the market.

Sealed Air Corporation, Smurfit Kappa Group, DS Smith Plc, WestRock Company, Sonoco Products Company are the top players operating in the protective packaging market. Furthermore, Greif, International Paper Company, Cascades Inc, Schur Flexibles Holding GesmbH, Winpack Ltd, Crown Holdings Inc are also the noticeable players in the protective packaging market.

Protective Packaging Market by Category
By Material Type:

Foamed Plastic
Paper
Plastic

By Product Type:

Foam Protective Packaging
Flexible Protective Packaging
Rigid Protective Packaging

By Function Type:

Wrapping
Void Fill
Insulation
Cushioning
Blocking & Bracing

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
MEA
Japan

Photorejuvenation Equipment Market Competitive Analysis With Growth Forecast Till 2028

According to the latest research by the company, the global photorejuvenation equipment market is anticipated to account for over US$ 3,168 Mn, in terms of value, by 2028 end. The report on photorejuvenation equipment is expected to show significant growth potential with an average Y-o-Y growth rate pegged at 6.4% through 2028.

Advancements in laser technologies over the years have contributed to various applications of cosmetic treatments, contributing to the growth of the global Photorejuvenation Equipment Market. Rising technological advancements with an increasing number of skin problem are anticipated to increase the adoption of photorejuvenation equipment globally. Global Photorejuvenation Equipment Market: Overview & Analysis

Rising incidence of skin problems leads to scarring. Acne causes major physical changes which include permanent scarring. Furthermore, nearly 85% of people aged between 12 and 24 experience acne. The commonly used non-invasive treatment for acne scarring is laser resurfacing. The effectiveness of photorejuvenation equipment are widely accepted in dermatology for the treatment of a variety of cutaneous conditions. Thus, the rising prevalence of such skin problems is triggering the growth of the global photorejuvenation equipment market over the forecast period.

Manufacturers are adopting strategic approaches in order to increase the product reach in the photorejuvenation equipment market. Increasing demand of photorejuvenation equipment for non-invasive photorejuvenation treatments, with frequent product approvals and advancements in photorejuvenation equipment technology, are further boosting the strategic activities like mergers and collaboration agreements among manufacturers and driving the photorejuvenation equipment market growth. Companies operating in the photorejuvenation equipment market are also continuously focusing on increasing the photorejuvenation equipment reach globally. As a result, they are adopting distribution agreements as an expansion strategy to gain maximum revenue share in the global photorejuvenation equipment market. Furthermore, advancements in laser technologies over the years have contributed to various applications of cosmetic treatments, contributing to the growth of the global photorejuvenation equipment market.

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Increasing healthcare spending is an indicator of improvement in the healthcare setting as a whole. Increase in the budget of hospitals would indicate the use of better quality equipment’s and thus drive the growth of the global photorejuvenation equipment market. According to the IMF, healthcare spending is expected to increase by over 6% yearly, based on the current GDP forecast.

However, high treatment cost and adverse side effects related to the photorejuvenation equipment may hamper the growth of the global photorejuvenation equipment market. Treatment with photorejuvenation equipment, including surgeries and non-invasive treatments, are associated with high costs making them inaccessible to people in the low middle-income groups. Also, non-invasive treatments with photorejuvenation equipment require a series of sessions to achieve the desired result, which results in a high overall cost of the treatment. Furthermore, the duration of treatment, number of sessions and the cost of treatment depend on the area being treated. These factors are directly responsible for dropping the growth of the global photorejuvenation equipment market.

According to the company, the laser equipment segment accounted for over 75% revenue share in the overall photorejuvenation equipment market in 2017. However, the growing popularity of LED and IPL might limit the segment’s growth in the near future. China photorejuvenation equipment market is expected to be the most lucrative market in the global photorejuvenation equipment market during the forecast period.

The company has segmented the global photorejuvenation equipment market into Intense Pulsed Light (IPL) Equipment, Laser Equipment, and LED Equipment. In terms of revenue, the laser equipment segment in photorejuvenation equipment will hold maximum revenue share over the forecast period.

The company’s report tracks some of the key companies operating in the photorejuvenation equipment market, such as Hologic Inc. (Cynosure, Inc.), Lumenis, Syneron Medical Ltd., Lynton Lasers Ltd, EL.EN. S.p.A. (Deka Mela S.r.l.), Fotona, Cutera, Inc., Lutronic Corporation, Beijing Nubway S & T Co., Ltd, and others.

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Disposable Laparoscopic Instruments Market Growth, Analysis by Product, and the forecast period of 2028

Future Market Insights (FMI) delivers key insights on the global disposable laparoscopic instruments market in its upcoming outlook titled “Disposable Laparoscopic Instruments Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028”.

In terms of value, the global disposable laparoscopic instruments market is projected to register a healthy CAGR of 5.7% during the forecast period due to various factors, regarding which FMI offers vital insights in detail. Increasing demand for minimally invasive procedures is expected to bolster the overall growth of the disposable laparoscopic instruments market globally.

The global disposable laparoscopic instruments market is segmented on the basis of product type, indication, end use and region. On the basis of product type, the market has been segmented into laparoscopic scissors, laparoscopic hooks, grasping forceps & dissectors, trocars, laparoscopic suction / irrigation devices and others. The trocars product segment is expected to register impressive CAGR of 5.4% during the forecast period.

Laparoscopy is a minimally invasive surgical technique performed through a keyhole incision. A small camera along with a light source attached to a tube enables surgeons to manoeuvre special disposable laparoscopic instruments to the target area and carry out the surgery.

This technique is mainly preferred for carrying out surgeries related to the pancreas, liver, colon and bile duct. The use of disposable laparoscopic instruments reduces the risk of infection during surgery.

Laparoscopic surgery refers to surgical procedures that are performed through one or multiple small incisions, rather than through a larger incision through the abdominal wall. The number of surgeries is increasing across the globe, more then 15–16 million laparoscopic surgeries are performed across the globe. This directly boosts the demand for disposable laparoscopic instruments as they are safe with no chances of infection. However, in the reusable laparoscopic instruments the chances for infection is high as the sterilization process is done manually in individual hospitals.

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On the basis of indication, the market is segmented into general surgery, bariatric surgery, colorectal surgery, urology surgery, gynaecologic surgeries and others. Gynaecologic surgeries is expected to dominate the overall disposable laparoscopic instruments market throughout the forecast period. It is expected to witness to have US$ 2,122.7 Mn by 2028 end.

On the basis of end users, the global disposable laparoscopic instruments market is segmented into hospitals, ambulatory surgical centres and specialty clinics. In terms of end use, the hospitals segment is expected to witness high growth during the forecast period.

Reducing pricing for market pick up, awareness programs in emerging countries, growing demand for minimally invasive therapies and technological advancement are factors expected to drive the global disposable laparoscopic instruments market over the forecast period.

This report covers trends driving the growth of each segment and offers analysis and insights of the potential opportunities offered in the disposable laparoscopic instruments market in all regions of the world.

North America is expected to dominate the market throughout the forecast period. Foray of leading North American companies into the disposable laparoscopic instruments market over the last few years is a factor expected to boost the overall sale of these devices in the region.

In terms of value, APEJ is expected to witness significant growth during the forecast period. Significant investments in healthcare infrastructure, increasing patient pool along with increasing geriatric population in APEJ are factors expected to boost the revenue growth of the disposable laparoscopic instruments market in the region.

The key players in the global disposable laparoscopic instruments market include B. Braun Melsungen AG, Medline Industries, Inc., Stryker Corporation, Ackermann Instrumente GmbH, ASFS Medic’s company, Medino GmbH, Péters Surgical, Medtronic, Mediflex Surgical Products and Grena LTD.

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Ultrasound Conductivity Gels Market Key Players, Growth, Regions and Forecast to 2028

Future Market Insights (FMI) has published a new report on ultrasound conductivity gels. The report has been titled, “Ultrasound Conductivity Gels Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment, 2022 – 2028.” The report caters to the numerous needs of the global as well of the regional vendors and presents a distinguishing scenario of the market along with factors such as drivers, inhibitors, prospects, and trends based on the regional as well as the global dynamics.

According to the report, the global market for ultrasound conductivity gel is expected to witness a CAGR of 7.9% from 2022 to 2028. The market was worth US$ 193.8 Mn and is anticipated to touch a valuation of US$ 439.1 Mn by the end of 2028. The market is expected to foresee a stable growth in the coming years along with moderate challenges arising from the substitutes.

The global market for ultrasound conductivity is highly consolidated owing to the presence of a few leading players and their take on collaborations, mergers, acquisitions, partnerships, license agreements, and patent transfer might have a major impact on the vendor landscape of the global ultrasound conductivity gels market. The other leading players operating in the global ultrasound conductivity gels market are Medline Industries Inc., Parker Laboratories, Inc., Compass Health Brands Corp., Cardinal Health, Inc., and ECO-MED Diagnostic Imaging, among several others. These manufacturers are also focusing on decreasing the cost of the gels in order to compete with the inexpensive substitutes.

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Enlarging Application Base to Help in Market Development

Ultrasound is the most commonly employed diagnosis procedure for curing a disease. It is a painless and safe method to examine the internal organs and avoids the use of harmful radiations. Generally, ultrasound scan is recommended for various uses. In urology, ultrasound is utilized for diagnosis of the prostatic and kidney diseases and to diagnose urinary bladder. There is a rise in demand for ultrasound machines designed for specialities such as cardiology and radiology and in the knowledge of the advantages offered by the portable colour ultrasound systems which ultimately increase the demand of ultrasound procedures and use of ultrasound gels.

Moreover, the increasing awareness towards screening for breast cancer and advanced technologies such as echocardiography has evolved into a non-invasive method for imaging has driven the number of ultrasound procedures and boosting the future growth. Other than this, the need for point of care ultrasound scanning in military medication, urgent treatment, and remote care are likely to bolster the demand for ultrasound procedures and also increase the demand for ultrasound gels across the globe.

Availability of Alternate Products an Ongoing Challenge in the Market

Medical ultrasound gels may be inaccessible or unaffordable in low-resource locations. Consumers and clinicians looking for a low-cost substitute for ultrasound gels. Such an alternative could be a boon in developing countries where radiology budgets are tight but might hinder the global ultrasound conductivity gels market. A gel made from water and corn-starch is low-cost gel can be an acceptable alternative to commercial medical gel in rural areas. The low cost and easy preparation of the corn-starch-based gel make it an attractive coupling medium for use in low-resource settings. The availability of these substitutes is likely to act as a major roadblock in the growth of the market which be overcome in the near future.

Will the availability of substitutes and dearth of skilled personnel pull down the market or will the credibility of the product keep the making growing at a steady pace?

About the Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here

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About Us    

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Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

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T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

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