Market Research Blog – Page 9341 – New Product Development

Filter Bags Market Overview, Data Updates, Reports Analysis & Forecast | FMI

The global filter bags market is estimated at USD 2.5 Bn in 2021 and is projected to procure USD 2.7 Bn by 2022. The market is anticipated to garner USD 4.3 Bn by 2032 while recording a CAGR of 4.9% during the forecast period from 2022 to 2032. Expansion of the market can be attributed to the increasing initiatives of the government to reduce air pollution and the rapid urbanization taking place across various developing countries.

Moreover, the growing cement and mining industries are another salient factor augmenting the industry in the assessment period. The growing usage of filter bags in coal-fired power plants is likely to offer significant opportunities for expansion in the industry in the forecast period.

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On the contrary, fluctuating prices of raw materials are expected to be the major factor hindering the market expansion. Moreover, the complexity of pollution control reforms is another factor impeding the industry expansion in the forecast period.

Key Takeaways from the Market Study

The global filter bags market to hold a value of USD 4.3 Bn while recording a CAGR of 4.9% during the forecast period.
Oil & Gas segment to expand at a CAGR of 5.6% during the forecast period
The U.S market expected to secure USD 716 Mn while expanding at a CAGR of 4.4%
China to record a CAGR of 4% during the forecast period
India to witness a CAGR of 6% during the forecast period

“The global filter bags market is expected to show a remarkable growth in the forecast period owing to the growing environmental concerns and the increasing imposition of stringent rules by the government of several countries to curb the air pollution.”

Competitive Landscape

Key players in the global filter bags market include Babcock & Wilcox Co., Pall Corporation, Thermax D Ltd., Eaton Corporation, and Mitsubishi Hitachi Power Systems Ltd.

Some of the recent key developments among the players are:

In May 2021, Mitsubishi Heavy Industries, Ltd. disclosed an agreement under which Mitsubishi Power Ltd. would be integrated into MHI. According to the new agreement, the business operations and employees of Mitsubishi Power involved in the sale, design, installation, and engineering of thermal power generation systems would be transferred to MHI.
In February 2022, Babcock and Wilcox Enterprises, Inc. disclosed that it had acquired Fossil Power Systems, Inc., an eminent manufacturer of natural gas, hydrogen, and renewable pulp and paper combustion equipment.

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Key Segments Covered in the Filter Bags Industry Report

By Type:

Air Filter Bags
Liquid Filter Bags

By Size:

7″ OD x 17″ Long Filter Bag
7″ OD x 32″ Long Filter Bag
4″ OD x 10″ Long Filter bag
4″ OD x 17″ Long Filter Bag
6″ OD x 20″ Long Filter Bag

By Media:

Woven Filter Bags
Non-Woven Filter Bags

By Application:

Filter Bags for Oil & Gas
Filter Bags for Mining
Filter Bags for Cement
Filter Bags for Power Plants
Filter Bags for Automobiles
Filter Bags for Water Treatment
Filter Bags for Aerospace, Defense & Marine

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Key Questions Answered in the Report

What is the estimated market value of the global filter bags market?
What is the estimated size of the global filter bags market in 2021?
Which region is projected to garner maximum market share?
What is the expected growth rate of China?
Which segment is anticipated to dominate the market?
Who are the key participants of the global filter bags market?

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Snap-on Closures Market is set to register a CAGR of 5.1% between 2022 and 2027

Global data depicting the snap-on closures consumption by F&B and personal care products manufacturers underscores the impressive rate of revenue growth of the snap-on closures market. In a new market research study presented by Future Market Insights, the global snap-on closures landscape is analyzed in depth to deliver a set of actionable insights for businesses operating across the snap-on closures market value chain.

In 2022, the global market for snap-on closures is expected to be worth roughly US$ 14.4 billion. The total market is expected to grow at a 5.1 percent CAGR between 2022 and 2027, reaching a valuation of US$ 18.5 billion by 2027, thanks to rising demand for more convenient packaging solutions across various industries such as food & drinks, pharmaceuticals, and personal care.

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“Forecast to surpass the valuation of US$ 14.4 billion in 2022, the global revenue through sales of snap-on closures will witness a promising 4.8% year over year growth. While this yearly growth is projected to be over 5.1% consistently over the near future, the report estimates total volume consumption of snap-on closures to reach beyond 215,000 units in 2022,” says a senior research analyst at FMI.

Key Insights Drawn from the Global Snap-on Closures Market Report

Diameter-wise, the top selling segment is 34-44 mm snap-on closures that currently hold more than 40% share in the total market value.
Based on the material of snap-on closures, PP (polypropylene) remains the most favored, following LDPE (low density polyethylene).
By the end use industry analysis, maximum consumption of snap-on closures is registered in by personal care and cosmetics manufacturers, followed by food and beverage manufacturing companies.

Personal Care & Cosmetics Support Maximum Sales of Snap-on Closures

Snap-on closures are the most prominently used types of closures by personal care and cosmetics industry players. In addition to hassle-free opening and closing, improved product security to prevent potential product wastage continues to play a vital role in compelling manufacturers to employ snap-on closures across maximum product lines.

With a collective value share of more than 60% in the global personal care and cosmetics industry, North America and Asia Pacific secure the top performing market positions in snap-on closures landscape.

In the personal care and cosmetics industry, Unilever, L’Oreal, Procter & Gamble, Shiseido, Coty, and Estée Lauder have been identified to be the major trendsetters in snap-on closures landscape.

Moreover, an expanding space of luxury cosmetics market is also creating impressive growth opportunities for suppliers of snap-on closures for expansion in coming years. FMI thus estimates promising growth prospects for high-end snap-on closures.

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Asia Pacific Holds a Lion’s Share in the Global Snap-on Closures Market

Asia Pacific accounts for around 37% of the global cosmetics industry.
Around 25% revenue of the global pharma packaging market belongs to Asia Pacific.

While the demand for snap-on closures from F&B, cosmetics, personal care products, and pharmaceuticals packaging manufacturers is consistently surging, the report projects that Asia Pacific will remain the largest regional market for snap-on closures in coming years. Rampant industrial developments, coupled with the elevating spending power of consumers in the region, are pushing the revenue growth outlook for snap-on closures across APAC’s industries. According to the report, ASEAN countries, China, and India are the major growth contributors in Asian market.

Snap-on Closures for Highly Profitable Skincare & Hair Care Products Projected for Innovations

The trending snap-on closures features with flip-top dispensing nozzle are tamper-evident and thus offer multiple additional benefits to personal care products manufacturers such as prevention of the product loss in form of clogging, leakage, or dripping. Snap-on closures manufacturers are especially focusing on innovating the range for high-viscosity liquid products that are suited for smaller, controlled doses. FMI indicates highest innovation potential for snap-on closures used in case of hair care and skincare products that make up for an approximate revenue share of 60% in the personal care and cosmetics industry, at present.

Snap-on Closures Market by Category

Neck Diameter

Upto 24 mm
24-34 mm
34-44mm
Above 44 mm

Material Type

PP
LDPE
HDPE

End Use

Food
Beverages
Pharmaceuticals
Personal Care & Cosmetics
Others

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What to Expect in Our Report?

(1) A complete section of the Global Snap-on Closures market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Global Snap-on Closures market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Global Snap-on Closures market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Global Snap-on Closures market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Global Snap-on Closures Market report.

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Heat Transfer Films Market Innovations, Sales Projection, Growth and Research 2028

The textile industry dominates global market for heat transfer films with the highest demand as well as consumption. In light of this, U.S.-based manufacturers are increasingly augmenting R&D investments in a bid to develop efficient and low cost PU or PVC blends for heat transfer films manufacturing. Manufacturers are also acquiring international certifications such as EN ISO 20471, CSA-Z96-02, ANSI/ISEA 107, AS/NZS 1906 and OKEO-TEX 100 to showcase their manufacturing excellence, product quality, and safety standards.

Competition in the U.S., APEJ, and South Asia is relatively higher among the players operating in these regional markets. The intensity of competition in U.S. heat transfer films market is very high due to the low cost imports of heat transfer films from Germany, Korea, China, and some of the countries in South Asia. The manufacturers in South Asia enjoy access to cheap labor, low raw material prices, easily available raw materials, and major textile markets.

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Moreover, the vendor landscape is undergoing a vast change owing to the U.S. Government’s initiative to protect domestic manufacturers. Manufacturers in the U.S. are entering new joint ventures, forming subsidiaries, and collaborating with manufacturers in South Asia to stay competitive. APEJ has a large number of SMEs that are already selling at cheaper rates. Consequently, the market expects fierce competition among key players across all these regions in next few years.

According to the report published by Future Market Insights (FMI), the global heat transfer films market is expected witness a CAGR of 5.7% from 2018 to 2028. The market is projected to touch US$ 3,259.6 Mn by the end of 2028 from a valuation of US$ 1,793.0 Mn in 2017.

Vinyl Printed and Glossy Sportswear to be Preferred Highly by Millennial Population

Increasing health awareness, and growing participation in sports and fitness activities is driving the sportswear industry, providing an indirect boost to heat transfer films market. Premium sportswear brands are gradually adopting glossy and metallic heat transfer films to print logos and graphics on T-shirts and other garments. Women sportswear manufacturers are actively using heat transfer vinyl, which are especially vented, glossy, and metallic. Vented heat transfer vinyl films provide breathing or air circulation to garments.

Augmented adoption of activities such as surf boating, community marathons, and swimming is driving significant demand for surf clothing and swimwear. Glossy and metallic films are extensively used in sales and promotional activities, to print point of purchase displays and banners. Using this type of vinyl makes the devices look more attractive and eye-catching, escalating the demand.

Heat transfer printing is driving the textiles and apparels sales. A burgeoning trend of printing on textiles and apparels is currently driving the textile industry. Tech savvy millennial prefer better quality, yet inexpensive textiles. Changing purchasing patterns of millennial puts forth the need for a large variety of appealing designs on textiles on both online and offline platforms, which will in turn supplement the sales.

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Rising Labour and Manufacturing Costs to Impact Production

The cost of both labor and manufacturing in the U.S. is increasing rapidly, drastically influencing the production of materials. Strict governmental regulations on minimum wages and other labor protection laws have led to higher investment at the cost of declining profit margins. Strict environmental guidelines and industry standards have resulted into growing investments in facility up-gradation. High raw material costs and volatility of raw material prices have been negatively impacting manufacturers in the U.S. Heat transfer film industries need low cost-unskilled labor for a majority of their operations, which currently seems to be unfeasible. However, manufacturers are addressing this issue with employing cheap labor and purchasing low-cost raw materials from Asia.

Heat Transfer Films Market by Category

By Material:

Polyuréthane (PU) /PU Blendes
PVC

By Substrate Material:

Cotton
Polyester
Cotton-Poly Blends
Others

By Product Type:

Opaque
Clear
Glossy & Metallic
Vented

By End-Use Industries:

Textile
Food & Beverages
Healthcare
Personal Care
Others

By Region:

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

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What to Expect in Our Report?

(1) A complete section of the Global Heat Transfer Films market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Global Heat Transfer Films market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Global Heat Transfer Films market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Global Heat Transfer Films Market report.

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Digital Textile Printing Market to Display Impressive Growth of 16.3 % with Rising Demand

The global digital textile printing market is anticipated to clock a remarkable CAGR of 16.3% over 2022-2029, as suggested by a new Future Market Insights (FMI) report. This astonishing market growth is majorly driven by increasing penetration of the printing sector in developing markets such as China, Mexico, and India, and technological advancements that have taken place over time.

Digital Textile Printing Market is expected to surpass US$ 8 Bn by 2029, likely to Grow Moderately at 16.3%CAGR during the assessment period.

Potential Impact of COVID-19

In light of the measurable impact of the COVID-19 pandemic on the printing industry, FMI projects that, industry players will most likely fail to meet their financial targets due to considerable supply chain disturbance, led by reduced customer demand. Alerted by the current market situation, leading players are building essential operational flexibility to survive the pandemic.

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In addition, the pandemic has triggered implications to digitally transform workplaces in order to better serve end users and thrive over the course of the following years. This crisis will possibly create a fertile ground for potential transformation of the digital textile printing market, as stated by the FMI study.

Manufacturers are slowly making developments in quality digital textile printing technology, and thus, flexography and lithographic printing technology providers are slowly shifting to digital printing processes.

Growth outlook of the digital textile printing seems promising, owing to its numerous characteristics and use of advanced technology. The U.S. and Canada are projected to offer lucrative opportunities to manufactures as the demand for digital textile printing solutions in these countries surges.

Key Takeaways from Digital Textile Printing Market Study

The direct to fabric (DTF) segment is experiencing unmatchable demand in the global digital textile printing market, expected to expand at an impressive CAGR of 17.5% during the forecast period.
As compared to traditional printing technologies, digital textile printing requires higher primary set-up cost, and hence, per unit cost is high for small volume printing. Moreover, high frequency of orders for shorter run lengths requires arranging multiple jobs and regular plate changing.
Digital printers are pursuing more precise ways of determining the equipment type and run lengths for printing. It has been witnessed that print service suppliers are mainly aiming on computerizing their printing processes.
In terms of market growth, North America and East Asia are estimated to witness astonishing growth in the global digital textile printing market.

Growing Inclination towards Digital Textile Printing Designs Creating Opportunities for Designers

Earlier, unique and eye-catchy designs were only used for high fashion clothing that was exposed on the stages on foremost fashion weeks across the globe. But over the last few years, more and more high-fashion brands such as H&M and Zara are joining unique and more outbound designs in their pools.

By using digital textile printing techniques, people want to buy these exclusive pieces of clothing, and big high-fashion brands are skillfully reacting to those demands. This new request for uniqueness is a fruitful opportunity for digital textile designers.

Conventional printing methods can limit designers to create unique high-quality designs. Digital textile printing helps designers expand their creativity and gives them the right tools to create futuristic designs.

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Signage Market Opening New Doors for Digital Textile Printing Manufacturers

Sign and display printers demand reliable, efficient, and low-cost products. Healthy demand for signs and displays is reinforcing steady market growth for digital textile printing. Outdoor, indoor, wall décor, and event décor are some the fastest-growing segments in the signage market that are using digital textile printing techniques. The aim is to increase sales in response to the rising number of short-run digital print jobs for events, team uniforms, corporate clothing, and others.

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What to Expect in Our Report?

(1) A complete section of the Global Digital Textile Printing market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Global Digital Textile Printing market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Global Digital Textile Printing market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Global Digital Textile Printing Market report.

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BOPP Packaging Tapes Market Size & Share | Global Industry Report for 2029

Extensively used for sealing of heavy duty cartons that are utilized in packaging of domestic and international trade consignments, BOPP tapes represent a rapidly progressing global market. The global BOPP packaging tapes market is bound to reach US$ 23.8 Bn by the year 2029 at a CAGR of 4.5% between 2022 and 2029. The forecast is based on a new Future Market Insights (FMI) study.

BOPP tapes are highly suitable for manufacturing and warehousing, which continues to push their adoption within the E-commerce industry. Customized BOPP tapes is a new market trend, says the report. High growth potential resides in the markets of emerging economies.

The BOPP tapes has included feature of low noise during packaging on the cartons, ideal for machine applications that saves time and gives accurate and uniform sealing to the boxes. It can withstand all the extreme weather to due its physical property of higher tensile strength among its group.

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Key Takeaways – BOPP Tapes Market Study
BOPP tapes witness a massive demand in the global market for the following properties- transparency with double-sided adhesion, non-toxicity, ease of use, reasonable retraction rate, and, most importantly, water and chemical resistance, longer life and good strength, which adds to its good-tear-proof performance.

Manufacturing & warehousing, followed by E-commerce industry, are identified as prominent end-use industries of BOPP tapes

Customized BOPP tapes are projected to be preferred over plain or single color BOPP tape in following years

Usage of BOPP tapes for packaging especially for food & beverages is expected to remain substantial as it ensures precise and durable packaging

The hot melt rubber adhesive has better quick stick bonding to carton boxes (corrugated paper board), however hot melt acrylic has long-lasting adhesive properties.

East Asian market is experiencing a high demand for BOPP tapes. This prominent demand is majorly driven by the presence of China that is driving the production of all the industries across the global market with cost-efficient ability.

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Focus of Eminent Manufacturers on Global Alliance
Prominent manufacturers in the BOPP tapes market are targeting emerging markets such as South Asia and East Asia to strengthen their market position. These regions are considered by the rapid growth of key end-use industries, especially the manufacturing sector post-recession.

Expansion of global business footprints and new product development are key strategies adopted by BOPP tapes manufacturers to strengthen the market position. For instance,

In March 2022, tesa SE set up a new manufacturing plant in China by investing US$ 33 Mn. This unit would focus on manufacturing all forms of tapes catering to the demand for electronics, manufacturing and warehousing industries.
In August 2021, Intertape Polymer Group Inc. acquired ‘Polyair’. ‘Polyair’ is involved in the protective packaging business with 7 manufacturing facilities and a distribution center in North America.

Key Segments Covered in BOPP packaging tapes Industry Research

BOPP Packaging Tapes Market by Thickness:

35 – 50 Micron
51- 65 Micron
Above 65 Micron

BOPP Packaging Tapes Market by Adhesive:

Hot Melt Rubber
Hot Melt Acrylic

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BOPP Packaging Tapes Market by Width:

11mm -30 mm
31mm – 70 mm
Above 70 mm

BOPP Packaging Tapes Market by End-user:

Manufacturing & Warehousing
Food & Beverages
Chemicals & Lubricants
Electronics & Electricals
Automotive
Personal care & Cosmetics
E-Commerce

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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.

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Paper Tapes Market is expected to touch US$ 7.6 Bn by the year 2030

By 2030, the market for paper tapes is anticipated to reach US$ 7.6 billion, growing at a CAGR of 4.3% between 2022 and 2030. Paper tape packaging is becoming more and more popular across the board, from consumers to product manufacturers to the packaging sector. Investments supporting developments in this industry are likely to increase as demand for quick stick and excellent adhesion packaging is anticipated to rise. Additionally to meeting consumer needs and requirements, this will lead to the development of novel materials, processes, techniques, and designs.

In its new research study named “Packaging Tapes Market,” FMI has provided crucial insights and produced a revised forecast analysis on the market. The research begins with an introduction of the industrial environment, followed by an examination of market size, by-products, geographies, application forecasts, and vendor and company competition. The study examines market share, demand, growth patterns, and forecasts for the next few years. The research includes unique aspects that could have a significant impact on the industry’s development throughout the projection period. A complete market dashboard is depicted, allowing users to examine detailed information about the study.

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From customers to product manufacturers to the packaging business, paper tape packaging is gaining favour. As the demand for quick stick and strong adhesion packaging grows, so will investments in this area. As a result, innovative materials, processes, techniques, and designs will emerge that suit consumer wants while also being environmentally sustainable.

Between 2022 and 2030, the global paper tapes market is estimated to reach US$ 7.6 billion, growing at a CAGR of 4.3 percent.

Paper tapes are in high demand for masking and packaging applications in a variety of sectors. The paper tapes market is being driven by increased demand from healthcare, automobile sectors, furniture manufacturing, electronics, and other industries, according to a recent analysis by Future Market Insights (FMI).

Some of the main brands are adding new features in their tapes that demonstrate greater heat and water resistance. Such advancements aid in the market’s overall expansion. Paper tapes made of natural materials are seeing increased demand as the focus shifts to more sustainable and innovative packaging solutions.

The paper tapes market study from FMI provides a thorough analysis, including growth drivers and restraints. The following are some of the report’s most important takeaways.

Who is the victor?

The market for paper tapes is fragmented, with Tier 1 players accounting for roughly 40-45 percent of the total market. To make their products more appealing to consumers, market players are expected to focus on obtaining materials from renewable sources. Intertape Polymer Group Inc., Berry Global Inc., Advance Tapes International, Pro Tapes & Specialities Inc., PPI Adhesive Products, Specialty Tapes Industry, Shurtape Technologies LLC, Atlas Tapes S.A., PPM Industries S.P.A., and Can-Do National Tape are some of the leading companies in the market.

The Paper Tapes Market Report’s Key Takeaways

Between 2022 and 2030, the market for paper tapes is estimated to increase at a CAGR of 4.3 percent.
Rubber-based adhesive tapes are becoming more popular in a variety of industries due to their low cost and superior stickiness.
Masking tapes will continue to be a popular product on the market.
Throughout the projection period, demand for packaging paper tapes will continue to rise.
Paper tape sales will continue to rise in the building and construction industry.

Paper tapes are seen as feasible packaging options, owing to their recyclability. They’re one-time-use items. When these tapes are no longer useful, they can be recycled into environmentally friendly items. They are typically sold quickly and are seen as a good investment by producers looking to meet consumer packaging needs,” according to an FMI analyst.

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Key Segments Covered in Paper Tapes Industry Research

Paper Tapes Market by Product Type

Masking Tape
Packaging Tape
Consumer & Stationary Tape
Others

Paper Tapes Market by Adhesive

Rubber-based Adhesive
Acrylic-based Adhesive
Silicon-based Adhesive

Paper Tapes Market by Application

Masking
Packaging
Sealing
Bundling
Fixing
General Use
Decorating
Labelling
Framing
Tabbing & Splicing

Paper Tapes Market by Feature Type

Single sided
Double sided

Paper Tapes Market by End User

Building & Construction
Automotive
Retail & Logistics
Aerospace & Defense
Healthcare
Electronics & Electrical
General Industries

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What to Expect in Our Report?

(1) A complete section of the Global Paper Tapes market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Global Paper Tapes market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Global Paper Tapes market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Global Paper Tapes Market report.

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Passive Temperature-Controlled Packaging Solutions Market Size, Share 2031: Present Scenario and Growth Prospects

According to estimates, the market for passive temperature-controlled packaging solutions would be worth US$10.6 billion by 2021. Between 2021 and 2031, sales of passive temperature-controlled packaging systems are anticipated to grow at a 9.1% CAGR. The market for passive temperature-controlled packaging solutions is anticipated to grow at a 9.0% YoY rate in 2021. In terms of region, Asia Pacific excluding Japan is anticipated to hold more than 23.9% of the market in 2021.

In addition, the market for passive temperature-controlled packaging solutions in the US will grow by 7.7% YoY in 2021. In North America, it is anticipated that sales of passive temperature-controlled packaging solutions will total US$ 2.1 billion in 2021.

The passive temperature-controlled packaging solutions aids in maintaining the required temperature parameters during the storage and transportation of the temperature-sensitive products.

Further, passive temperature-controlled packaging solutions are extensively used in pharmaceutical and food & beverage end-use industries as efficient packaging solutions for products that are affected by temperature fluctuations.

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Growing demand for effective yet cost-efficient packaging solutions is anticipated to augment the demand for passive temperature-controlled packaging solutions.

Additionally, biologic and pharmaceutical drugs are among some of the most critical commodities in terms of required safety measures during transportation. Passive temperature-controlled packaging solutions are widely used for biologics and pharmaceutical products which require optimal temperature handling for a longer duration during shipping and logistics activities.

These products require different temperature ranges when they are shipped to warehouses, and a proper compilation is necessary to deliver them to pharmacies. Passive temperature-controlled packaging solutions provide the flexibility of transportation and ease of handling.

They also reduce and prevent any damage to the products during transportation. Moreover, pharmaceutical products are temperature sensitive and could be harmful to patients if they are not handled properly during transit and storage.

On the back of these aforementioned factors, sales of passive temperature-controlled packaging solutions are expected to reach US$ 25.3 Bn by the end of 2031.

Key Takeaways:

Based on product type, the insulated containers segment is anticipated to remain the leading segment, accounting for over 60% of market share by the end of 2031.
In terms of application, the frozen segment is estimated to expand at a CAGR of 9.4%, contributing nearly 49% of overall sales by the end of 2031.
By end-use industry, the pharmaceutical segment is anticipated to expand at a CAGR of 9.8% during 2021-2031.
The U.S. is expected to spearhead the growth of North America passive temperature-controlled packaging solutions market over the forecast period

“Several international health agencies and organizations such as World Health Organization are focusing on reducing the wastage of vaccines across the globe. Hence, various programs are initiated to monitor and curb wastage of vaccines during the handling and transportation. These programs are anticipated to positively influence the passive temperature-controlled packaging solutions market.” says an FMI analyst.

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Increasing Demand for Passive Temperature-Controlled Packaging Solutions in Food and Beverage Industry to Drive Market

Increasing demand for perishable food products such as meat, seafood, and dairy products is fueling the need for passive temperature-controlled packaging solutions. These solutions offer adequate temperature assurance during transit and storage. Thus, food companies are exhibiting higher inclination for passive temperature-controlled packaging solutions as a cost-effective means for packaging.

Passive temperature-controlled packaging solutions are available in a variety of specifications in terms of shape, size, insulation and packaging format which is highly desirable among manufacturers of the food and beverage industry.

The players in the passive temperature-controlled packaging solutions industry offer an array of products targeted toward specific applications in the food and beverage industry. The specially designed packaging solution for specific applications helps in attracting players in the food and beverage end-use industry that are in search of custom packaging solutions for their products.

There is consistent growth in the number of frozen food items launched in the market that are either exotic or ready to cook. These frozen food products are required to be stored under specific atmospheric conditions during transit to achieve the desired shelf life which is often achieved with the help of passive temperature-controlled packaging solutions.

The increasing demand for passive temperature-controlled packaging solutions in the food and beverage industry can be a revenue-generating opportunity for the manufacturers and is anticipated to drive the growth of the target market.

Who is Winning?

GEBHARDT Logistic Solutions GmbH, Sonoco Products Company, ACH Foam Technologies, LLC and Cold Chain Technologies are the top players operating in the target market. Furthermore, va-Q-tec AG, Softbox Systems Ltd., Snyder Industries, Inc., are also noticeable players in the passive temperature-controlled packaging solutions market. The Tier 1 players in the market hold 10-15% markets share in the global market for passive temperature-controlled packaging solutions.

Passive Temperature-Controlled Packaging Solutions Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for passive temperature-controlled packaging solutions, analysing historical demand from 2014-2020 and forecast statistics for 2021-2031. The study reveals market growth projections on the passive temperature-controlled packaging solutions based on product type (insulated shipper (envelops & panels, EPS, PUR, VIP and others), insulated containers (chest and upright) and others), application (frozen, chilled and ambient) and end-use industry (pharmaceutical, food & beverage and others) across seven regions.

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What to Expect in Our Report?

(1) A complete section of the Global Passive Temperature-Controlled Packaging Solutions market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Global Passive Temperature-Controlled Packaging Solutions market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Global Passive Temperature-Controlled Packaging Solutions market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Global Passive Temperature-Controlled Packaging Solutions Market report.

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Slitter Rewinder Machines Market Size & Share | Industry Trends Analysis Report for 2028

The slitter rewinder machines market is surveyed at US$ ~1.2 Bn in 2022 and is projected to show up at US$ ~1.5 Bn by 2028, at a CAGR of 3.8% from 2022 to 2028.

The slitter rewinder machines market saw taking off advancement in 2021 with generally livelihoods up 4.2% year over year. One more guess by FMI checks that slitter rewinder machines livelihoods will augment some place in the scope of 2022 and 2028 close by setting out a consistent opportunity of US$ ~334 Mn during the assessed period.

As of late let data out of slitter rewinder machines market examination shows that overall arrangements of the general spot winder slitter rewinder machines market is supposed to enroll a CAGR of 3.5% during 2022-2028 close by holding the market worth of US$ ~753 Mn around the completion of 2028.

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APEJ district is expected to stay the main locale for slitter rewinder machines market among different areas. APEJ is assessed to hold around 42% of the market esteem share toward the finish of 2028.

The slitter rewinder machines market comprise around 2% of the worldwide bundling hardware market worth US$ ~58 Bn in 2021.

Center-surface and Surface Winder Machines to Buckle-up

With more than 50% share of the total revenue of slitter rewinder machines market at present, the center winder type of slitter rewinder machines continues to dominate. Although low price point has been the key driver for sales growth of this type of slitter rewinder machines over the years, it is more likely that this segment will witness a sluggish growth in revenue over the next few years, says the report.

However, attributed to a relatively superior control over the tension created in rewinding material, surface winder and center-surface winder types of slitter rewinder machines are projected to gather ground at a rapid pace, according to the report.

High Speed Converting Applications to Gain Momentum

High speed rewinding is constantly witnessing growing demand, subsequently pushing the sales of slitter rewinder machines operating at above 800 m/min. This remains the top selling segment in the speed category of slitter rewinder machines landscape that currently accounts for over 40% share in the total market value.

Whereas, the report positions 601-800 m/min as the next popular segment in slitter rewinder machines market.

Sustainability Issues Associated with Plastic to Shape Adoption Patterns

As presented in the report, paper and plastic converting applications continue to cumulatively cover a whopping 94% share in the market value. However, applications in plastic and plastic-based material converting are witnessing a strong challenge for further growth owing to the ascending environmental concerns across the globe. Paper has been projected for a significant incremental opportunity, as highlighted in the report.

As the challenges associated with the use of plastic films and plastic-based materials are raising sustainability concerns to a great extent, the demand for slitter rewinder machines in plastic converting applications is stagnated.

As a result, the sales of center slitter rewinder machines are falling. However, it is conversely pushing prospects of surface winder machines and center-surface winder machines used predominantly in paper converting applications. A few other prominent applications include converting of technical films and a range of pressure sensitive materials.

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APEJ Continues to Reflect Hefty Investment Potential

With more than 35% of the total market value and a substantial incremental opportunity projection, APEJ remains the most lucrative region for penetration of slitter rewinder machines.

On the other side, North America and Western Europe hold a relatively similar share in the market value, representing the second highest performing regions in slitter rewinder machines marketplace.

Rampant expansion of plastic and packaging industries across developing Asian economies is prominently attributed to the growth of APEJ market for slitter rewinder machines.

Brisk growth in the demand for converting applications is identified to be a strong factor propelling the number of converting firms – thereby fueling the revenue growth of slitter rewinder machines market.

The flourishing paper industry in MEA is most likely to create lucrative deployment opportunities for manufacturers and suppliers of slitter rewinder machines in the region. The report indicates a moderate yearly revenue of MEA slitter rewinder machines market in and ahead of 2019.

Competitive Landscape

The key manufacturers operating in slitter rewinder machines market are trying to focus on expanding their production capacity by increasing the existing facility. Also, the players are developing and launching a new product under the slitter rewinder machines portfolio to cater for the increasing demand for packaging solutions.

In March 2021, the British company and one of the leader for manufacturing slitting technology Atlas Converting Equipment Ltd. becomes a member of Kampf Schneid- & Wickeltechnik GmbH & Co. KG as a part of the Jagenberg Group Industrial Solutions sector. Through this partnership both the companies are planning to provide future proof machines and high level slitting technology solutions for their global customers.
In January 2020, NISHIMURA MFG. CO., LTD. announced the launch of a new product under its slitter rewinder machines portfolio named Model FH154J.

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Slitter Rewinder Machines Market by Category

By Maximum Operating Speed:

Less than 300 m/min
300 to 600 m/min
601 to 800 m/min
Above 800 m/min

By Machine Type:

Center Winder
Surface Winder
Center-surface Winder

By Substrate:

Paper
Plastic
Metal
Textile

By Region:

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

What to Expect in Our Report?

(1) A complete section of the Global Slitter Rewinder Machines market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Global Slitter Rewinder Machines market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Global Slitter Rewinder Machines market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Global Slitter Rewinder Machines Market report.

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Multilayer Flexible Packaging Market Future Analysis, Demand by Regions and Opportunities with Challenges 2029

Cost-effectiveness, durability, and lightweight are several advantages responsible for boosting the demand for multilayer flexible packaging, worldwide. The scope of this market study includes multiple flexible packaging solutions such as bags, pouches & sachets, wrapping films, laminates, and others (liners, stick packs, and more). Manufacturing of multilayer flexible packaging products requires 70% less material when compared to rigid packaging products. Aluminum foil and metalized plastic films are also gaining significant traction for the manufacturing of bags and pouches for flexible packaging.

The global multilayer flexible packaging market is set to progress at a CAGR of around 4% over the period of forecast, and reach a valuation of nearly US$ 350 Bn by 2029.

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“Shift from rigid packaging to flexible packaging is the leading trend in the global packaging industry. Changing packaging needs enable brand owners to enjoy high profitability margins, owing to reduction in transportation cost and cheaper package cost.”

Key Takeaways of Multilayer Flexible Packaging Market Study

In terms of value, the pouches & sachets segment is expected to account for maximum market share in the global multilayer flexible packaging market during 2019-2029, attributable to the rising demand for small-sized sachets & pouches for the packaging of a variety of food products.
By layer structure, the 5 layer segment is anticipated to grow 1.2X by the end of 2023.
The plastic material segment is expected to create total incremental revenue opportunity of US$ 96 Bn by the end of 2029, owing to ease of availability and cost-effectiveness.
North America is anticipated to maintain its dominance in the global multilayer flexible packaging market during the forecast period. This growth can be attributed to the presence of well-established market players in the region. East Asia and South Asia are anticipated to be highly lucrative markets, on the back of significant consumption and production of multilayer flexible packaging solutions at cost-effective rates.

Multilayer Flexible Packaging Market Landscape

The global multilayer flexible packaging market is identified as a highly competitive and fragmented market. Unorganized and local players can leverage significant growth opportunities in the global multilayer flexible packaging market. Some of the key players operating in the multilayer flexible packaging market are Sealed Air Corp., Mondi Group Plc, Berry Global Group, Inc., Scientex Berhad, and Uflex Ltd., among others. Key players are focusing on acquisitions and product innovation with the aim of expanding their footprint and customer base across the globe.

In November 2019, Constantia developed its first plant Constantia Ecoflex at Ahmedabad, India, for producing sustainable and recyclable flexible packaging.
In February 2019, Amcor Limited introduced Genesis, a polyethylene laminate with the look and feel of traditionally-oriented polyethylene or oriented polyester. This product is suitable for use in medical, food, homecare, personal care, and other industries. The company acquired Bemis Company Inc., which is one of the leading manufacturers of multilayer flexible packaging.
In June 2019, Sealed Air Corp. acquired MGM’s flexible packaging business. MGM is a privately-held company that is headquartered in Manila, the Philippines. This acquisition will allow the company to expand its food packaging operations in Asia.

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Key Segments Covered in Multilayer Flexible Packaging Industry Research

Multilayer Flexible Packaging Market by Product

Bags
Pouches & Sachets
Wrapping Films
Laminates
Others (Liners, Stick Packs, etc.)

Multilayer Flexible Packaging Market by Material

Plastic
- Polypropylene (PP)

BOPP
CPP
OPP
- Polyethylene (PE)
  - LDPE
  - LLDPE
  - HDPE
- Polyethylene Terephthalate
- Polyvinylidene Chloride (PVDC)
- Ethylene Vinyl Alcohol (EVOH)
- Ethylene Vinyl Acetate (EVA)
- Polyvinyl Chloride (PVC)
- Polyamide (PA)

Paper
Aluminium Foil

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Multilayer Flexible Packaging Market by Layer Structure

3 Layers
5 Layers
7 Layers
More than 7 Layers

Multilayer Flexible Packaging Market by End-use

Food
- Meat, Poultry, and Seafood
- Bakery & Confectionery
- Snacks
- Dairy
- Pet Food
- Baby Food
- Other Food Products
Beverages
Pharmaceuticals
Automotive
Cosmetics and Personal Care
Homecare
Electricals & Electronics
Agriculture & Allied Industries
Textiles & Apparels

What to Expect in Our Report?

(1) A complete section of the Global Multilayer Flexible Packaging market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Global Multilayer Flexible Packaging market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Global Multilayer Flexible Packaging market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Global Multilayer Flexible Packaging Market report.

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Linerless Labels Market Comprehensive Research Study and Strong Growth in Future 2032

The global Linerless Labels Market is likely to reach US$ 2.5 Bn by the year 2029 at a CAGR of 4.9% between 2022 and 2029. The global linerless labels market was valued at US$ 1.40 Bn in 2018, and is expected to witness a CAGR of 4.2% during the forecast period of 2022-2029. North America and Asian regions are expected to hold collective revenue share of ~55 % in the global market for linerless labels by the end of 2029.

Linerless labels are designed without a release liner, which reduces the amount of raw material required to manufacture labels, and makes these labels an eco-friendly alternative. Absence of a liner layer saves on extra labor, storage, and transportation costs for end users, and reduces industrial waste and carbon emission. These factors are expected to boost the demand for linerless labels substantially during the forecast period (2022-2029).

Removable linerless labels are estimated to hold a leading position in the global Linerless Labels Market, and generate an incremental opportunity of US$ 240 Mn from 2022-2024. Prominent packaging manufacturers are continuously striving to offer sustainable and environment-friendly packaging solutions to various end-use industries.

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Key Takeaways of Linerless Labels Market Study

Consistent growth of the logistics sector across all geographies, coupled with high requirement of linerless labels for inventory management, asset tracking, and goods distribution, is steadily driving the linerless labels market.
The retail industry is a prominent end user of linerless labels, owing to rising efforts across the world to reduce the incidence of counterfeiting.
North America and APEJ are expected to account for a major portion of the linerless labels market share. Rapid expansion of pharmaceutical and food & beverage industries is boosting the growth of the linerless labels market in these regions.
Digital printing and flexo printing are projected to dominate the global linerless labels market, and hold nearly half of the market share by the end of 2029.

Competitive Landscape

Liners used in conventional labels cannot be recycled or reused. Reducing industrial waste is one of the major economic and industrial challenges for packaging manufacturers. Additionally, government in several countries introduced stringent guidelines to minimize industrial waste and carbon footprints. Owing to these factors, leading packaging manufacturers are shifting their focus from conventional packaging solutions to sustainable and eco-friendly packaging solutions.

Unlike linered labels, linerless labels do not have liner layer on the back, which reduces expenses on waste disposal and down time for the manufacturing process. Thus, end users are increasing adopting eco-friendly linerless labels. These factors are estimated to accelerate the linerless labels market growth during the upcoming period.

Key Companies Profiled

RR Donnelley & Sons Company
Avery Dennison Corp.
Zebra Technologies Corp.
SATO Holdings Corporation
Coveris
Multi-Color Corporation
CCL Industries Inc.
Yupo Corporation
Ravenwood Packaging
General Data Company Inc.
Hub Labels

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Increasing Production Capacity and Acquisitions to Remain Key Growth Strategies

Prominent packaging manufacturers across the world have already shifted their focus from conventional packaging solutions to environment-friendly packaging solutions. This shift is majorly driven by increasing focus towards reducing waste, and high consumer preference towards highly sustainable and eco-friendly packaging solutions. Leading manufacturers are striving to maximize their manufacturing capacities to meet the rising demand for eco-friendly packaging solutions. Additionally, leading linerless label manufacturers are expanding business boundaries to reinforce their market position.

Key Segments Covered in Linerless labels Industry Research

Linerless Labels Market by Product Type:

Variable Imaged
Direct Thermal

Linerless Labels Market by Printing Technology:

Digital Printing
Flexo Printing
Offset Printing
Gravure Printing
Screen Printing
Others

Linerless Labels Market by Adhesion:

Permanent
Removable
Repositionable

Linerless Labels Market by End-user:

Retail
Food & Beverages
Logistics
Pharmaceuticals
Others

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What to Expect in Our Report?

(1) A complete section of the Global Linerless Labels market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Global Linerless Labels market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Global Linerless Labels market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Global Linerless Labels Market report.

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