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

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

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

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

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

Factors Restraining the Demand for PET Blow Molders in North America

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

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

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

Market segmentation

By Technology

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

By End Use

• Food & Beverages
• Pharmaceuticals
• Personal Care
• Others

By Country

• U.S.
• Canada

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By Machine Type

• Manual
• Automatic
• Semi-Automatic

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

 

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

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

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

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

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

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

Global Polyester Straps Market: Regional Forecast

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

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Competitive Landscape

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

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

Key Companies Profiled

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

Global Polyester Straps Market By Category

By Thickness:

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

By Packing Grade:

• Hand Grade Polyester Straps
• Machine Grade Polyester Straps

By Width:

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

By Breaking Strength:

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

By End Use Industry:

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

By Application:

• Heavy Duty Bailing
• Bundling
• Palletizing

By Region:

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

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Table of Content

1. Executive Summary

1.1. Global Market Overview

1.2. Market Analysis

1.3. Analysis and Recommendations

2. Market Overview

2.1. Market Definition

2.2. Market Coverage

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

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

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

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

5.3. Y-o-Y Growth Trend Analysis

 

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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.

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

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

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

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

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

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

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

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

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

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

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

Silo Bags Market By Category

By length:

• 60 Meters
• 75 Meters
• 90 Meters

By material:

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

By application:

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

By country:

• U.S.
• Canada

About Us

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

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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

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

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

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Key Takeaways of Glass Containers Market Study

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

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

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

Outlook for France and Spain will remain stable

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

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

Sustainability and Reusability of Glass Containers Boosting their Applications

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

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

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

COVID-19 Impact on Glass Containers Market

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

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

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

Glass Containers Market Landscape

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

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For instance:

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

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

Key segments

Product Type

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

Color

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

End-Use Industry

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

Region

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

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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.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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The competitive landscape of the market for garbage bag market is a mildly fragmented one marked with the presence of quite a few large players, according to a report published by Future Market Insights (FMI). The key players in the European garbage bag market are Novolasta, s.r.o Senkvice, Extrapack OOD, Pack-It BV, Achaika Plastic S.A., DAGOPLAST AS, Terdex GmbH, International Plastics, MirPack TM, Plasta.It, Primax D.o.o.

The key players are now focusing on research and development of garbage bags in a bid to stay ahead in the competition. These market players are also trying to expand their geographical reach through collaborations with local players.

So far as geography is considered, the market for European garbage bag has been segmented into Germany, France, Italy, Spain, U.K., Russia, and BENELUX. Belgium, Netherlands, and Luxembourg comprise BENELUX.

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Owing to the high demand of garbage bags across Europe, the market is anticipated to soar registering a good CAGR during the forecast period of 2016-2026.

Demand for Biodegradable Garbage Bags to Bolster Growth

The market has been segmented into five categories, so far as material is considered. The segments are, namely Low-density polyethylene (LDPE), Liner low-density polyethylene (LLDPE), High-density polyethylene (HDPE), Polypropylene (PP) and others.

High-density polyethylene (HDPE) is characterized with high performance and extreme tensile strength and with these qualities, HDPE is forecasted to spearhead the European market for garbage bags. This segment accounted for 30% of the total revenue of the European market in 2016.  During the forecast period of 2016-2026, the segment of HDPE is expected to expand at a CAGR of 5.5%.

These garbage bags have the ability to contain substantial amount of weight and are cost effective as well. Such characteristics are expected to propel the market for high-density polyethylene garbage bags. Furthermore, high-density polyethylene or HDPE bags come with biodegradable versions. Biodegradable HDPE bags are made of domestic biomass material thereby diminishing oil dependency. They are also easy to recycle and are frequently used.

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Developed economies of countries like the U.K. and Germany are expected to fuel the demand for premium garbage bags. These premium garbage bags come with qualities like odour control and ability to stretch and people from the developed countries are willing to pay the extra bucks for these premium quality garbage bags. As such, the opportunity for such premium quality garbage bags are increasing.

Stringent Government Policies to Restrain the Growth of the Market

Governments of several European countries are implementing strict measure to contain the usage of plastic bags.  They are imposing regulations wherein the sales of lightweight bags are getting restricted. Countries like Italy, France are applying a complete ban on HDPE plastics bags that are meant for single use. Such bans, though restraining the growth of the market for HDPE garbage bags, help to diminish the harmful effects of plastic bags on the environment, specifically the oceans, lakes, rivers, and the wildlife that inhabit in those water bodies. This is one of the major restraining factors of the European market for garbage bag.

In addition, imposition of extra charges and increased taxation by the governments of various European countries on the use of plastic garbage bags are dampening the spirit of the market players. Customers are charged extra for plastic garbage bags at various convenience and retail stores. Such government initiatives play a major role in the diminishing the usage of plastic garbage bags in Europe.

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This review is as per the findings of a new report by Future Market Insights (FMI) titled, “Garbage Bag Market: Europe Industry Analysis & Opportunity Assessment, 2016-2026.”

For the study, the market has been segmented as follows:

Global Garbage bag Market: By Material Type

• Low-density polyethylene
• Liner low density polyethylene
• High-density polyethylene
• Polypropylene
• Others

Global Garbage bag Market: By End User

• Retail and Consumer
• Institutional
• Industrial

Global Garbage bag Market: By Size

• 7-16 gallons
• 20-30 gallons
• 32-35 gallons
• 40-48 gallons
• +55 gallons

Global Garbage bag Market: By Geography

• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • BENELUX

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

About Us

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

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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The global smart labels market is forecast to reach a valuation of nearly US$ 25 Bn by 2030, registering an US$ 18 Bn incremental opportunity. Growth is majorly underpinned by a flourishing organized retail sector across developing and developed countries.

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.

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.

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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

“Government directives to ensure transparency in product information is compelling industries to adopt smart labelling solutions, prompting vendors to introduce market-specific labelling technologies,” concludes the FMI analyst.

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.

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.

In September 2022, Avery Dennison Corporation introduced a dual-technology AD-362r6-P inlay combining item-level tracking and digital ID capabilities of a high-performance RAIN RFID (UHF) tag for a wide range of retail apparel products.

Zebra Technologies Corporation, another prominent player, offers handheld RFID scanners, fixed readers, antennae, labels & tags and printers. In 2015, it introduced RFID-based labels for fresh meat products.

In August 2022, CCL Industries Inc. announced the signing of a binding agreement to acquire Graphic West International ApS, a specialized digital printer of short-run folding cartons for pharmaceutical products. The move is aimed at increasing CCL’s Healthcare & Specialty printing business.

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More Insights on the Smart Labels Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global smart labels market, analysing historical demand from 2015-2021 and forecast statistics for 2022-2030. The study reveals growth projections on the smart labels market on the basis of labelling technology (RFID, NFC tags, EAS, sensing labels and electronics shelf labels), printing technology (flexographic, digital, gravure and screen), end use (healthcare, automotive, FMCG, logistics, retail and others) and across seven regions.

About Us

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

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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The 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

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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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A new market research report by FMI on the anti-counterfeit pharmaceutical packaging market includes global industry analysis 2014–2018 and opportunity assessment 2019–2027. The report analyses the anti-counterfeit pharmaceutical packaging market and provides critical insights for the forecast period 2019-2027. As per findings of the report, the global anti-counterfeit pharmaceutical packaging market is projected to experience a significant growth over the forecast period due to multiple driving factors.

The global sales of the anti-counterfeit pharmaceutical packaging market is estimated to be valued at ~ US$ 77 Bn in 2019, which translates into an opportunity worth of ~US$ 3.5 Bn for anti-counterfeit technology for pharmaceuticals.

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Developing Economies to Hold Promising Investment Opportunities during the Forecast Period

China & Japan cumulatively account for more than half of the total Asia Pacific anti-counterfeit pharmaceutical packaging market. This is accredited to the fastest-growing pharmaceutical market, particularly on the back of increasing number of population, coupled with rising regulations in pharmaceutical sector of China and India. The economical manufacturing environment and developing economy are vital factors driving the anti-counterfeit pharmaceutical packaging market in the APAC region.

Growing penetration of local manufacturers in their respective regions also fuels the anti-counterfeit pharmaceutical packaging market growth in the region. Furthermore, developing economies of Latin America such as Mexico and Argentina are expected to have potential in the anti-counterfeit pharmaceutical packaging market during the forecast period. Illegal sale of pharmaceutical drugs is a growing concern, most particularly in developing countries of Latin America where the lack of healthcare concern forces people to seek cheaper drugs.

This is hamstringing the anti-counterfeit pharmaceutical packaging market growth. In the absence of effective system and regulations, the market of counterfeit drugs and other medical supplies has been increased. Also, semi-legal copying of branded drugs by legitimate local companies would remain a high-profile problem. All these factors will create an impact on the growth of the anti-counterfeit pharmaceutical packaging in the coming years.

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Approach towards Electronic Track and Trace to Secure the Supply of Drugs

For secure supply of drugs from manufacturers to end users, one of the key requirements is the ability to trace, validate, and verify the authenticity of the drug at each and every stage of the supply chain. It is expected to boost the demand for anti-counterfeit pharmaceutical packaging in the near future. In electronic track and trace technology, each unit is serialized and allows building the drug pedigree.

These pedigrees include information about manufacturers, distributors, and wholesalers who handles the drug. This helps in tracing the product at any stage and reduces counterfeiting, which stimulates the anti-counterfeit pharmaceutical packaging market growth.

Increased Number of Self-prescribed Patients Opting for Less Expensive Pharma Products

~ 5% of the U.S adults are using medication without any professional prescription. Increase in number of self-prescribed patients is hampering the anti-counterfeit pharmaceutical packaging market. Sometimes, end users of pharma products opt for counterfeit products, as they are less expensive compared to the original medications. This perception of patients is restraining the anti-counterfeit pharmaceutical packaging market growth.

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Global Anti-Counterfeit Pharmaceutical Packaging Market: Competitive Landscape

Anti-counterfeit pharmaceutical packaging manufacturers have taken steps to tackle the menace of counterfeited medicines through innovative packaging techniques, which is still in the infancy stage but future looks promising. Advancement in technology is expected to spur the demand for anti-counterfeit pharmaceutical packaging products. Large pharmaceutical companies such as Pfizer and GlaxoSmithKline have introduced RFID tags on the packaging of Viagra and Trizivir, an HIV treatment product, which is driving the anti-counterfeit pharmaceutical packaging market growth.

Some of the key players in the global anti-counterfeit pharmaceutical packaging market are Alien Technology, ATL Security Label Systems, CCL Industries, SICPA Holdings, Schott AG, Gerresheimer AG, Klockner Pentaplast Group, Ardagh Group S.A., Nipro Corporation, Authentix Inc., TruTag Technologies, Inc., Zebra Technologies Corporation, Alpvision SA, OpSec Security Inc., Savi Technology Inc., 3M, and Stevanato Group.

About Us

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

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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