Market Research Blog

According to a recent study by Future Market Insights (FMI), sales of home infusion therapy devices are expected to top US$ 2.0 Bn in 2021, growing at a CAGR of over 6.5% during the forecast period (2021-2031).

[248 Pages Report] Rapid expansion of wound management space has argued well for the growth in demand for tissue engineered skin substitutes. The global tissue engineered skin substitute market is projected for a robust 9.6% CAGR during 2022 – 2029, predominantly driven by high applicability in diabetic foot ulcers and other chronic wounds.

Global Market Study on Wound Irrigation Systems: Factors Impacting Revenue Growth of the Global Market

There are various aspects influencing the growth of the global wound irrigation systems market in a positive as well as in a negative manner. Factors such as increasing initiatives by healthcare facilities, availability of improved product lines for wound care, increasing prevalence of chronic wounds and increasing adoption of advanced wound care products are pushing the growth of the global market for wound irrigation systems.

Factors such as relatively higher costs associated with advanced wound care products and limited awareness among the rural population are hindering the growth of the global wound irrigation systems market. The market has also witnessed few trends that are likely to define the market’s growth in the coming years. Increasing acceptance of standardised protocols to manage complex wounds and collaborative agreements between manufacturers and channel partners are few of the trends that are contributing to the growth of the global wound irrigation systems market.

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The report on the global wound irrigation systems market covers annual sales revenue generated by various market segments during the period of assessment 2017-2027. Furthermore, developments taking place in the market, various trends impacting the market and other drivers fuelling the growth of the global wound irrigation systems market are enumerated in this research. Also few challenges that are pulling market growth southward are also assessed.

The research report titled “Wound Irrigation Systems Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” presents a complete high level overview of the market to the reader and supports strategic plans for future moves by portraying an accurate forecast model of the global wound irrigation systems market.

Rising application in logistics and transportation has been fuelling sales of multi-depth corrugated boxes. According to Future Market Insights (FMI), The global multi-depth corrugated boxes market is bound to create decent strides at a CAGR of 6.4% between 2022 and 2031, reaching US$ 1,614.2 Mn by the year 2031.

These boxes are cut down to the required size and height of the package is adjusted as per the size of the inside product. Ease of customization during packaging is a fueling factor for the growth of multi-depth corrugated boxes market across various regions.

The demand for multi-depth style corrugated boxes is rapidly increasing, as these boxes save valuable storage space when the sides of the boxes are folded as per the need without using special carton sizing tool. The food and beverages industry accounts for maximum sales of corrugated boxes.

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Key Takeaways of Multi-Depth Corrugated Boxes Market Study

• Driven by rising demand from various industries, the multi-depth corrugated boxes market is forecast to exhibit 6.4% CAGR between 2021 and 2031
• Within North America, the U.S. is expected to account for over 91% of the sales
• The U.K. is projected to register negative growth at -0.8% in 2021 following COVID-19 outbreak. Recovery is on card 2022 onwards
• The demand from Germany and France is expected to remain high through the forecast period
• China will continue dominating sales in East Asia, while demand from Japan and South Korea is projected to rise at a positive rate

 “Most of the secondary packaging material goes directly to waste bins, ending up in landfills or water bodies. With soaring protests against hazardous packaging waste polluting the eco-system, manufacturers and consumers both are concerned about reducing their share of toxic waste generated. Sustainability factor of multi-depth corrugated boxes has been favouring their sales in response to the increasing demand for environment-friendly packaging” says an FMI analyst.

Demand for High Performance Packaging

Development in packaging material is an important factor enabling growth in the packaging market. High-performance packaging has been developed with robust barrier characteristics and intelligent components. Adapting new changes in packaging material is intended at extending the shelf life of the product.

High-performance packaging material includes high barrier material, intelligent packaging, and nanotechnology. High-performance boxes are mostly manufactured from composite and recycled material to maintain sustainability. These boxes are capable of meeting various requirements to provide effective and ideal packaging solution.

The rising demand for light-weight and product-apt packaging has led to immense growth in the demand for multi-depth corrugated boxes in the market. Corrugated packaging is affordable, convenient, and offers required strength. Heavy-duty corrugated packaging is in high demand due to the rise in transportation and usage of bulky goods like heavy machinery and components for various industries. Double and triple-layer corrugated boxes are highly customized and designed as per customer requirements.

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Who is winning?

Georgia-Pacific LLC, International Paper, DS Smith Packaging Limited, Oji Holdings Corporation, Pratt Industries, Inc., Acme Corrugated Box Co. Inc., Great Little Box Company Ltd., A.D. Inc. of Milwaukee, WestRock Company, Smurfit Kappa Group Plc, Uline, Inc., Shillington Box Co., LLC. are some of the leading players in the multi-depth corrugated boxes market.

Key Segments Covered in Multi-Depth Corrugated Boxes Industry Research

Multi-Depth Corrugated Boxes Market by Capacity Type

• Up to 80 lbs
• 80 to 180 lbs
• 180 to 300 lbs
• Above 300 lbs

Multi-Depth Corrugated Boxes Market by Board Type

• Single Wall

• Double Wall
• Triple Wall

Multi-Depth Corrugated Boxes Market by Strength

• Normal (Below 32 ECT)
• Standard (32 ECT)
• Heavy Duty (44 ECT)
• Heavy Duty Double Wall (48 ECT)

Multi-Depth Corrugated Boxes Market by End Use

• Food & Beverages
• Consumer Electronics
• Home Care & Personal Care
• Textiles
• Glassware & Ceramics
• Automotive
• Others

Multi-Depth Corrugated Boxes Market by Region

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

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 9-years.

Contact:

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The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the Sanitary Food and Beverage Packaging Market. The report features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2021 to 2031.

The team of researchers at Future Business Insights are focussing on research and market study to produce different Sanitary Food and Beverage Packaging Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Sanitary Food and Beverage Packaging Market.

The report on the global Sanitary Food and Beverage Packaging market provides an up-to-date analysis of the existing scenario of the market along with the latest drivers and trends, and the overall environment of the said market. This report comes with an objective as well as an in-depth study of the existing state aimed at the growth of the key players, strategies of the market, and prominent drivers of the market.

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The report also makes the involvement of the important achievements pertaining to the launch of new products, regional growth, research and development, product responses, and market achievements. In addition to that, the regional growth of the prominent market players has been included in the report so as to provide a 360 view of the said market.

Country-wise Analysis

What Opportunities Lie Ahead for the US Market?

Sanitary food & beverage packaging is expected to garner immense revenue generation opportunities across the US market throughout North America. Stringent packaging regulations imposed by key regulatory authorities such as the Food & Drug Administration (FDA) is likely to be the chief growth driver for the regional market. As per its guidelines, it is the responsibility of the Office of Food Additive Safety and The Center for Food Safety and Applied Nutrition (CFSAN) to ensure the safety of food contact substances.

This means packaging materials like plastics, coatings, papers, food colorants, and adhesives must be regulated and deemed safe for use. The Environmental Protection Agency (EPA) requires that antimicrobial technology be built into plastic and textiles used in food packaging to prevent the growth of bacteria, mold, mildew, fungi, discoloration and odor. Furthermore, allergen labelling is also an important part of packaging safety requirements, with The Food Allergen Labelling and Consumer Act being in prominence.

Competitive Landscape

As per FMI’s analysis, key sanitary food & beverage packaging market players are primarily emphasizing on incorporating advanced packaging technologies, including lightweight material, flexibility and sustainability narratives respectively. Additionally, focus is on capacity expansion by means of acquisitions, mergers and collaborations.

Chuo Kagaku Co. Ltd., for instance, majorly emphasizes on manufacturing packaging material from recycled virgin plastic. The company follows a three-tiered approach to ensure food safety and sanitation by observing government laws, voluntary industry standards and their own standards while producing food containers. Some of these provisions include the Food Sanitation Act Ministerial Notification No. 307 of the Ministry of Health, Labor and Welfare and the Japan Hygienic Olefin and Styrene Plastics Association Voluntary Standard.

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Key Segments Covered

Packaging Type :

• Paperboard
• Rigid Plastic
• Glass
• Flexible Plastic
• Metal
• Other Packaging Types

Product Type :

• Milk & Other Beverage Cartons
• Cups & Liquid Tight Containers
• Folding Food Containers
• Boards & Trays
• Other Product Types

Region :

• North America (US and Canada)
• Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
• Europe (Germany, UK, France, Italy, Spain, Nordics and Rest of Europe)
• Japan
• APEJ (China, India, Malaysia, Thailand, Singapore, Australia and Rest of APEJ)
• Middle East & Africa (GCC, South Africa, Nigeria, Israel and Rest of MEA)

Enquiry before Buying

• Is the market research conducted by Future Market Insights?Yes, the report has been compiled by expert analysts of Future Market Insights, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
• What research methodology is followed by Future Market Insights?FMI follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
• Who are the respondents for primary research?FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

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
For Media Enquiries: press@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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In its new research study named “Rigid Packaging Containers 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 Rigid Packaging Containers Market 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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Key Takeaways from Rigid Packaging Containers Market

• The bottles and jars segment is experiencing unmatchable demand in the rigid packaging containers market, especially in the food & beverages industries
• Up to 5 litre capacity rigid packaging cans and bottles estimated to account for more than 40% in terms of value of the market share by 2030
• Plastic as a material is estimated to account for more than 55% of the global market by value to reach slightly over US$ 155 Bn by 2030
• Asia Pacific is estimated to have an incremental opportunity of approximately US$ 32 Bn in the next 8 years with presence of large number of rigid packaging container manufacturers in the region
• Food & beverage industry estimated to be the key end user of rigid packaging containers as it is poised to account for over 40% of the rigid packaging containers global market share by 2030

Growing Preference for Smart Rigid Packaging Solutions to Augment Market Growth

Rigid packaging solutions such as drums and beverage cans are extensively being used. However, addition of technologies such as RFID and AR for easy tracking and tracing of products is expected to bring in a sea-change in the logistics and supply chain.

RFID technology allows automatic identification and storage of information regarding the location and availability of plastic and steel drums. It offers solutions for product tracking, goods movements, loading inspections, and asset tracking. RFID technology has not only allowed manufacturers to track availability of drums, but also enhanced their servicing efficiency by controlling accurate supply capabilities.

Manufacturers and suppliers of plastic and steel drums continuously face challenges that arise with delay in supply of drums. RFID allows validation of number of shipments to take stock inventories as per invoices. Validating the availability of drums with the help of RFID enables manufacturers to avoid unnecessary costs related to delays and loss.

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For instance, Crown Holdings, Inc., one of the leading beverage can manufacturers, has designed cans with AR code situated beneath the tab of a beverage can. The AR code technology offers both companies and consumers a unique experience in terms of purchasing, scanning, interacting, and communicating. Furthermore, this AR code technology also helps manufacturers to reduce the incident of anti-counterfeiting.

“Prominent manufacturers in the rigid packaging containers market can gain substantial profits by emphasizing on strengthening their production capacities and market presence. Furthermore, as key industries are inclined towards adoption of sustainable packaging solutions, the demand for rigid packaging containers packaging solutions is estimated to increase in the foreseeable future,” says FMI analyst.

Impact of COVID-19 on Rigid Packaging Containers Market

Significant portion of the global rigid packaging containers market is captured by food and beverages industries. The demand for rigid packaging containers such as cans, bottles & jars, and clamshells is substantially attributed to food & beverages sectors.

Post COVID-19, food & beverages companies are facing considerably reduced consumption, which has negatively affected the demand for clamshells, bottles, jars and cans due to reduced purchasing.

Several food chains, restaurants, retail stores, and hypermarkets are operating at reduced capacities in most regions due to lockdowns, which is projected to hamper the sales for rigid packaging containers.

Apart from this, demand for drums, jerry cans and kegs has witnessed a sudden drop, as the number of the industrial production plants have reduced their production volume or completely shut down. All these factors are likely to restrict the rigid packaging containers market growth for certain period.

Some of the key players in the rigid packaging containers market are-

• Grief, Inc.,
• Amcor Plc,
• Berry Global Group, Inc,
• Silgan Holdings, Inc,
• Sonoco Products Company
• Mauser Packaging Solutions
• Ball Corporation
• Crown Holdings, Inc
• Pactiv LLC
• SCHÜTZ GmbH & Co. KGaA

The recently published report by FMI, explains how heightened e-commerce activity and trade across national and international borders has accelerated the demand for rigid packaging containers. Sturdy and non-reactive nature of these containers has upped their usage across sectors such as food and beverages, homecare, beauty and cosmetics, healthcare, and industrial goods amongst others.

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Market Taxonomy

By Product Type

• Bottles & Jars
• Cans
• Jerry Can
• Drums
• Kegs
• Clamshells

By Material

• Plastic
• Polyethylene Terephthalate (PET)
• Polyethylene (PE)
• Polypropylene (PP)
• Others Plastic
• Metal
• Steel
• Aluminum
• Other Metals

By Capacity

• Up to 5 Litre
• 5 to 20 Litre
• 20 to 50 Litre
• 50 to Above

By End Use

• Food
• Beverages
• Homecare Products
• Personal Care Products
• Healthcare Products
• Electronics & Electrical
• Industrial Goods
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• MEA

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
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The PVDC coated films market is estimated at USD 9.4 billion in 2022 and is projected to reach USD 12.3 billion by 2028, at a CAGR of 4.6% from 2022 to 2028.Despite sluggish demand during COVID-19, demand for PVDC coated films will increase from 2021 onwards, albeit slowly, in the food category, which is expected to reach US$ 4.6 billion in 2022. In terms of value, the same segment is expected to grow at a CAGR of 4.8% over the forecast period.

The FMI team also predicts that the U.S. PVDC coated films market would grow by 3.2% year over year during the forecast period, defying initial uncertainty about how the market would perform during a global pandemic. Total PVDC coated films sales in North America is expected to reach US$ 2.3 billion in 2022.

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Factors Driving Revenue Growth of the PVDC Coated Films Market

One of the main factors boosting demand for PVDC coated films is their environmentally friendly feature. PVDC coated films have a low environmental impact. Manufacturers need to comply with stringent regulatory laws pertaining to sustainability and are focussed on reducing the carbon footprint. PVDC coated films have low carbon dioxide emission levels as compared to other high barrier films and contribute to the prevention of global warming.

PVDC coated films are also low-impact materials and facilitate lower consumption of energy, thereby contributing to energy conservation. These factors are acting in favour of the global PVDC coated films market growth. Another significant driver of growth of the PVDC coated films market is the sustained demand for blister packaging in the pharmaceuticals industry in developed as well as emerging economies.

Competitive Landscape

The key manufacturers operating in PVDC coated films market are trying to focus on increasing their production capacity to meet the increasing demand for PVDC coated films. Moreover, the key players are increasing their product portfolio to cater for the growing PVDC coated films market.

• In January 2021, a company named Neschen, an expert substrate manufacturer has introduced and specially designed a coated polypropylene (PP) film for use with water-based inks and HP Indigo ElectroInk.
• In September 2020, a lidding films and flexible packaging supplier named KM Packaging, the company introduced a new range of mono-polymer material lidding films which is originated for recyclability and which is made from polypropylene (PP).

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PVDC Coated Films Market by Category

By Substrate Material:

• Polyethylene (PE)
• Polyethylene Terephthalate (PET)
• Polyvinylchloride (PVC)
• Polypropylene (PP)
• Polyamide (PA)

By Application:

• PVDC Coated Films for Laminates
• PVDC Coated Films for Wraps
• PVDC Coated Films for Lidding Films
• PVDC Coated Films for Pouches & Bags
• PVDC Coated Films for Blisters

By End Use:

• Food
  • Fruits & Vegetables
  • Meat, Poultry & Seafood
  • Bakery & Confectionery
  • Ready-to-Eat
  • Dairy Products
• Healthcare & Pharmaceuticals
• Cosmetics & Personal Care
• Others

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 6-years.

Contact:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Before long, pallet boxes will keep on standing firm on serious areas of strength for a situation. During the gauge time frame 2022-2028, the worldwide pallet boxes market will be driven by a developing spotlight on effective assembling tasks. The worldwide pallet boxes market is supposed to be worth US$ 2.3 billion out of 2022, ascending at a CAGR of 4.5 percent to US$ 3.0 billion by 2028.

By 2028, the overall pallet boxes market will represent generally 3.2 percent of the US$ 95 billion worldwide pallet industry. As per the most recent Future Market Insights (FMI) examination, interest for modified pallets is expected to arrive at US$ 184.5 million of every 2022, developing at a CAGR of 5.7 percent from 2022 to 2028.

APEJ and North America are supposed to represent a sizable piece of the worldwide pallet truck market. To emphatically affect the requirement for pallet boxes in India, significant assembling ventures in India are teaming up with stockroom suppliers and re-appropriating their administrations.

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Pallet boxes are turning out to be more well known in MEA because of the locale’s quick development in transportation and strategies. Pallet boxes are a basic connection in the production network and capacity, and rising exchange volume arising countries is supposed to be a significant driver impacting the market.

The Most Popular Pallet Boxes are Plastic and Block Pallet Boxes.

Plastic pallet boxes are expected to become a more popular bulk packaging choice in the future years, according to FMI. Pallet boxes constructed of plastic are lighter and more suitable than wooden and metal ones, maximising volume utilisation of items throughout distribution and keeping produce fresh when used to transport food grains, fruits, and vegetables. Depending on its usability, plastic pallet boxes are likely to find a position among processed food businesses as well.

However, due to high costs involved in incorporating advanced packaging technologies like palletization into industries and poor supply chain infrastructure in emerging economies like India, low or negligible adoption of advanced packaging technologies like palletization could have a negative impact on the growth of the pallet boxes market. Furthermore, the rise in pallet pooling and manufacturers’ adoption of plastic pallet boxes, which have a longer life, are two major restraints on the worldwide pallet box market.

Country-wise Insights

What is Regional Outlook can be Seen for Italy based Pallet Boxes Market?

Italy will hold market share of more than 18% for the Western Europe pallet boxes market in the year 2022. According to The European Chemical Industry Council, the European chemical industry is a wealth generating sector of the economy and a major contributor to building a sustainable future for Europe USD 612 billion turnover and USD 10.4 billion R&I investments. Moreover, in Italy the chemical industry generates USD 57.4 billion.

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How the Expansion of Automotive Industry Fuel Demand for Pallet Boxes Market in United States?

The United States market for pallet boxes shall grow at a CAGR of 3.6% during the forecast period. As per Invest India, a National Investment and Facilitation Agency, by 2025, construction market in India is expected to emerge as the third largest globally and construction equipment industry revenue stood at USD 6.5 Bn in 2020. The vast construction sector of the country is anticipated to create significant demand for pallet boxes market during the foreseeable future.

Competitive Landscape

The key manufacturers operating in pallet boxes market are focusing on increasing their production capacity to meet the increasing demand for pallet boxes. Moreover, the key players are increasing their product portfolio to cater for the growing pallet boxes market.

• In October 2021, The Craemer Group comes with its latest product development which is the large-volume CB3 high pallet box with a capacity of around 1,000 litres.
• In March 2020, Exporta, the UK’s product handling experts have added a new base entry level model of their hercules collapsible plastic pallet box to their range at an amazing price level.

Pallet Boxes Market by Category

By Material:

• Wooden Pallet Box
• Plastic Pallet Box
• Metal Pallet Box
• Paper Pallet Box

By Pallet Type:

• Block Pallet
• Stringer Pallet
• Customized Pallet

By End-use Industry:

• Agriculture & Allied Industries
• Building & Construction
• Chemical & Pharmaceutical
• Food & Beverages
• Engineering Products
• Textile & Handicraft
• Automotive
• Other Industries

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 6-years.

Contact:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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The kegs market is assessed at US$ 900 Mn in 2022 and is projected to arrive at US$ 1,168 Mn by 2028, at a CAGR of 4.4% from 2022 to 2028.

Recently let information out of kegs market investigation shows that worldwide deals of the general tempered steel kegs market are expected to enroll a CAGR of 4.8% during 2022-2028 alongside holding the market worth of US$ 711 Mn toward the finish of 2028.

Western Europe followed by the North American locale are projected to hold roughly a portion of a part of the worldwide kegs market toward the finish of 2028.

In addition, the worldwide utilization of steel kegs, regarding units, for capacity and shipment of brew is projected to stay at an unequaled high through 2028, believing it to be the most fitting, savvy and solid for aged refreshments, likewise guaranteeing conservation of unique taste and organoleptic qualities. Worthwhile business roads related with draft brew utilization, is supposed to well effect the worldwide kegs market before long.

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“The kegs market experienced soaring growth in 2021 with worldwide revenues up 3.8% year over year. A new forecast by FMI estimates that kegs will increase between 2022 and 2028 along with creating an incremental opportunity of US$ ~300 Mn during 2022-2028.”

Kegs to Find Increased Adoption as a Promising, Sustainable Packaging Solution

Kegs, as a bundling arrangement in the drinks business, is projected to enter a promising future. Plastic kegs are recyclable and dispense with costly bring operations back. Then again, prevalence of kegs is likewise pushing makers to give barrel on rent, expanding re-utilization of kegs, accordingly its reception.

Conservative and a productive other option, single-use kegs are probably going to observe huge reception in the coming, contrasted with the customary steel kegs. Besides, developing buyer premium in create lagers is pushing the microbrew market, thus, fuelling the worldwide kegs market. Administrative guidelines supporting decreased weight restricts with reference to bundling, will likewise prod kegs reception.

A Highly Consolidated Kegs Market Driving Global Pricing; Substitutes like Eco-Kegs Likely to Smoothen Pricing

Thorough analysis of competition in the global kegs market shows fairly highly market consolidated, dominated by few kegs providers. Currently, companies are competing through offering innovative product portfolio for different end-use industries. Market consolidation leaves few choices for consumers, forcing them to buy kegs at comparatively high costs.

However, in the coming years, the world could witness the emergence of eco-kegs, reducing overall supply of conventional kegs. The introduction of new technology for better palatability of the kegs is also projected to drive the global kegs market. Rubber Steel Kegs are also introduced in the market for ergonomic handling of liquor beverages.

What was the Kegs Market Outlook during the COVID-19 Pandemic?

The kegs market outlook was negative during the COVID-19 pandemic on the back of the factors such as trade restriction by the government, imbalanced supply of raw material, disrupted supply chain, and others. The complete shutdown of restaurants and bars and other retail shops resulted in decreased demand for heavy drinker beverages which ultimately has an adverse impact on the kegs market.

The beginning of 2021 and reduction in restriction creates hope for various end use industries. The end use industries started to operate with full efficiencies. Also, public places such as restaurants & bars, and others started to operate with some limited capacity which creates a growth opportunity for the kegs market.

The key players operating in the kegs market also tried to focus on offering eco kegs to cater for the growing trend of sustainability which gains traction among the end use industries. Overall, the kegs market is forecasted to experience a rise in demand during the forecasted period.

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Competitive Landscape

The key players operating in the kegs market are focusing on expanding their production capacity by investing in new facilities along with the partnership with other global and local kegs manufacturers. Also, the kegs manufacturers are expanding their footprint across the globe.

• In January 2021, Petainer UK Holdings Ltd. announced the opening of its new facility for manufacturing a one-way keg range in Thailand.
• In September 2020, THIELMANN- The Container Company announced to open its second keg servicing hub in Newark during mid-October to facilitate better access to services.
• In January 2020, Blefa GmbH (Blefa Kegs, Inc.) announced the partnership with American Keg, LLC for the production of kegs beer made in the USA which will help the company to improve the production capacity and its efficiency.

Key players in the global kegs market are

• American Keg Company,
• NDL Keg Inc,
• Shinhan Industrial Co, Ltd,
• Ningbo BestFriends Beverage Containers Co. Ltd,
• Blefa GmbH,
• Schaefer Container Systems,
• Petainer UK Holdings Ltd,
• Ardagh Group S.A,
• Julius Kleemann GmbH & Co KG,
• The Metal Drum Company.

The growth in kegs market is mainly contributed by countries in North America—the region witnessing lucrative rise in the market share by 2028. Western Europe is anticipated to be the most attractive market for kegs market during the forecast period, considering substantial purchases made by Germany, France and Italy. Also, Mexico is expected to be at the forefront, spearheading the growth of the kegs market by 2028.

Increased liquor consumption such as beer and wine, is the predominant factor driving the kegs market, globally. Albeit lucrative growth, North America kegs market, is projected to suffer some setbacks in the coming years, owing to rise in steel prices.

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Future Market Insights (FMI) conveys key experiences on the worldwide clamshell packaging market in its distributed report, named “Worldwide Clamshell Packaging Market: Industry Analysis 2017-2021 and Opportunity Assessment 2022-2028”.

As far as income, the worldwide clamshell packaging market is assessed to extend at a CAGR of 4.3% over the gauge period, attributable to various elements, about which FMI offers careful bits of knowledge and figures in this report.

Clamshells are like rankle packs. The main distinction is that clamshell have pivots which permit two parts designs to meet up in a clamshell structure. The clamshells can be produced using material like plastics or paper/paperboard.

The clamshell packaging is extremely normal type of packaging for enterprises like food, electrical and hardware, beauty care products and individual consideration, family merchandise, gifts, toys and fixed, drugs, and so on.

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The clamshell packaging is extremely secure type of packaging and assist with safeguarding the items from a defilement. Additionally it is exceptionally practical and simple to fabricate, consequently numerous customer merchandise makers are favoring this kind of packaging for their items.

The worldwide market for clamshell packaging is additionally divided according to packaging type, material sort, item type, and end use.

On the basis of packaging type, global market for clamshell packaging is segmented into trays, bowls, boxes and containers, and others. On the basis of material type, global market for clamshell packaging is segmented into plastic and paper/paperboard. On the basis of product type, global market for clamshell packaging is segmented into mock clamshell, 2-piece clamshell, and tri-fold clamshell. On the basis of end use, the global market for clamshell packaging is segmented into food, electrical & electronics, cosmetics & personal care, household goods, gifts, toys & stationery, pharmaceuticals and others.

This report assesses trends driving the growth of each market segment on the global level and offers potential takeaways that prove substantially useful for other potential market entrants in the clamshell packaging market.

The North America clamshell packaging market includes country level analysis for the U.S. and Canada. The U.S clamshell packaging market is expected to grow at a CAGR of 3.2% over the forecast period wherein food segment enjoys the dominant share, by end use type. The Latin America clamshell packaging market includes country level analysis for Brazil, Mexico, Argentina and Rest of Latin America.

The Brazil clamshell packaging market is expected to expand at a CAGR of 2.0% during the forecast period. The Western Europe clamshell packaging market includes country level analysis for Germany, Italy, U.K., France, Spain, Benelux, Nordic and Rest of Europe. Germany and U.K. account for a significant market share in the Western Europe clamshell packaging market.

The Eastern Europe clamshell packaging market includes country level analysis for Russia, Poland and Rest of Eastern Europe. The Russia clamshell packaging market is expected to expand at a CAGR of 3.5% during the next decade. The Asia Pacific excluding Japan clamshell packaging market includes country level analysis for China, India, ASEAN, Australia & New Zealand and Rest of APEJ.

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The APEJ clamshell packaging market represents most lucrative geographic region wherein India and China represent substantial incremental opportunity over the forecast period. The Middle East and Africa (MEA) clamshell packaging market include country level analysis for GCC, South Africa, North Africa and Rest of MEA. Clamshell packaging market in the GCC region is particularly driven by high growth in the food segment. The Japan clamshell packaging market is expected to expand at a CAGR of 1.2% over the forecast period.

In this report, we have discussed individual strategies followed by these companies in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ is included to provide report audiences with a dashboard view and company share collectively.

What Is the Impact of COVID-19 Pandemic on the Global Clamshell Packaging Market?

During the COVID-19 pandemic, several end-use industries of the clamshell packaging market like electrical & electronics, cosmetics & personal care, household goods, gifts, toys & stationery among others were severely impacted. The severe negative impact was the result of restrictions imposed on non-essential products and reduced demand for these products from the market.

However, the heightened demand for clamshell packaging in the food and pharmaceutical end-use industries during the pandemic considerably dampened the blow on the growth rate of the clamshell packaging market. The gradual withdrawal of restrictions imposed across the globe is resulting in the rapid recovery of the clamshell packaging market.

Competitive Landscape

Leading clamshell packaging manufacturers are committed to the research and development of the product and are consistently offering innovative clamshell packaging solutions targeted towards specific end use. Companies operating in the clamshell packaging market are aiming at product launches and expansions with other manufacturers.

For instance, in November 2020, Footprint, a US based sustainable technology company launched compostable clamshell packaging solutions designed for the food industry.

In September 2019, Novoflex Company announced expansion of its portfolio with the launch of a new line of clamshell containers.

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Clamshell Packaging Market by Category

By Packaging Type, Clamshell Packaging Market is segmented as:

• Trays
• Bowls
• Boxes & Containers
• Others

By Material Type, Clamshell Packaging Market is segmented as:

• Plastic
  • PET
  • PVC
  • PP
  • PS
  • Others
• Paper/Paperboard

By Product Type, Clamshell Packaging Market is segmented as:

• Mock Clamshells
• 2-Piece Clamshells
• Tri-Fold Clamshells

By End Use, Clamshell Packaging Market is segmented as:

• Food
  • Fruits & Vegetables
  • Ready-to-Eat Food
  • Bakery & Confectionery
  • Frozen Food
  • Others
• Electrical & Electronics
• Cosmetics & Personal Care
• Household Goods
• Gifts, Toys & Stationery
• Pharmaceuticals
• Others

By Region, Clamshell Packaging Market is segmented as:

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

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 6-years.

Contact:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs