Market Research Blog

Future Market Insights predicts that the global bag closure clips market to expand at a robust CAGR of 5.6% over the forecast period of 2022-2029, reaching US$ 304.8 Mn by the end of the said period.

The global packaging market is defined by innovative products that make distributing, using, and disposing of consumer products easier and more convenient. Packaging, which is characterized by short runs and smaller lot goods, necessitates physically demanding work. Growth and multiplication of bakeries, from simple pastry bakeries to luxury bakeries, has resulted in significant increase in the use of bag closure clips.

Bag closure clips are packaging products for reclosing or sealing elastic bags that are made of less expensive components with basic, yet efficient designs. Bag closure clips are commonly used in the food industry to wrap products such as baked goods, sweets, powdered coffee and tea, and so on.

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The visibility of a product among a target client group determines its demand. Bag closure clips were formerly beyond the reach of retail customers, and were only used by organized retail. Evolution of e-Commerce platforms from buying points to shopping platforms is one underlying driver. Customers continue to experiment with new items, and, as a result, products such as bag closure clips have made their way into mainstream marketplaces. Bag closing clip companies are projected to benefit from the diverse range of products across end-use categories.

Key Takeaways from Market Study

• Global bag closure clips market to reach US$ 304.8 Mn by 2029.
• Simple bag closure clips projected to record healthy CAGR over forecast period.
• Market in North America holds share of around 38.5%.
• Market in Europe to account 18.9% share over forecast period of 2022- 2029.

“The perception of bag closure clips has shifted significantly as more people demand packaging that can be used for multiple purposes. Increasing use of easy-to-apply bag closure clips in food as well as non-food product applications is expected to create greater opportunities for market players over the coming years,” says an FMI analyst.

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Market Competition

Leading manufacturers of bag closure clips are proliferating through both, inorganic and organic strategies, including the development of manufacturing plants and introducing new products.

Invention of environmentally friendly bag closure clips will be essential for market vendors looking to lower their carbon footprint. This is projected to increase the use of plant-based biopolymers in the production of bag closure clips, which will make a significant difference global landfill trash disposal.

More Insights on Offer

The report by FMI on the bag closure clips market is segmented into three major sections – product type (simple clips and mechanical clips), end use (food industry and medical & other industries, and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate the lucrative opportunities in the market.

About Packaging Division at Future Market Insights

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

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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.
Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights.

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
Browse latest Market Reports: https://www.futuremarketinsights.com/reports

 

The market for package testing services is anticipated to grow at a CAGR of 12.6% from 2022 to 2029, reaching US$ 33.4 billion.

Packaging testing equipment’s uses in the electronics industry are continually expanding. A prominent factor that is expected to boost the growth of the packaging testing equipment market is the fast expanding demand for consumer electronics.

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Packaging Testing Equipment Market Landscape

• Krones AG,
• Coesia Group and
• AMETEK Inc.

are the top players operating in the packaging testing equipment market. Furthermore,

• Marchesini Group,
• Presto Testing Equipment,
• Labthink Instruments Co. Ltd.,
• AZO Holding GmbH,
• Machine Solutions Inc.,
• Qualitest, and
• Rycobel Group

are also the noticeable players in the packaging testing equipment market. The 3-tier players of the market hold 80-90% in the global packaging testing equipment market. Summarizing everything key players will contribute almost 10-20% of the global market.

FMI forecasts that the sales of packaging testing equipment will increase in food and beverages, healthcare, and other sectors. Factors such as demand for sustainability and client specific customization will aid application across diverse industries.

Key Takeaways from Packaging Testing Equipment Market

• By testing type, material/ sample testing segment is ahead and leading the global packaging testing equipment market. The segment is anticipated to account for 44% of the market by the end of forecast period.
• By material, the plastic segment is mostly preferred in the market due to its low cost feature. Demand in the segment is anticipated to increase 1.8 times during next 10 years.
• Among end users, the food and beverages segment will exhibit high demand. Furthermore, healthcare & pharmaceuticals will be the second largest segment, accounting for 22% of the market.
• Asia-Pacific is anticipated to offer impressive opportunities for packaging testing equipment market due to lower tax slabs and ease of doing business opportunities in the region.
• North America and Europe will hold share of almost 44% in the global market by the year 2031.

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 “The demand for packaging testing equipment is rising globally.  Increasing focus on testing services and verification & certification for ensuring the quality of packaging material has created growth opportunities for packaging testing equipment manufacturers ,” says FMI analyst.

What is primarily driving the Packaging Testing Services Market?

“Introduction of New-Fangled Standards to be the Driver”

The major driver to the packaging testing services industry is the introduction of new standards for package authentication. Numerous organizations have established international principles in the last few years that are sure to be trendsetters. These standards aim to have ever-expanding cargo and product safety, and different packaging test methods are defined in this regard.

There is a long list of standards in the packaging testing services market developed by various organizations such as American Society for Testing and Materials (ASTM), International Safe Transit Association (ISTA), International Organization for Standardization (ISO), and others.

Competitive Landscape

The global Packaging testing services market is witnessing an influx of large number of players at the domestic as well as global level. The existing players are also engaging into mergers, acquisitions, partnerships, joint ventures, and new product launches to keep their brand image afloat.

• DDL, in April 2019, did announce rebranding of Cryopak Testing Center (a 6K sq. ft. independent laboratory stationed at Edison, NJ) as DDL testing laboratory that makes way for package testing across distribution simulation, environmental conditioning, thermal performance, strength and integrity testing, and shelf-life testing.

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Key Segments Covered in Packaging Testing Services Industry Research

Packaging Testing Services Market by Testing Type:

• Physical
• Chemical
• Microbiological

Packaging Testing Services Market by Material:

• Plastic
• Paper & Paperboard
• Glass
• Metal
• Others

Packaging Testing Services Market by End-user:

• Food
• Beverages
• Healthcare
• Personal Care & Cosmetics
• Others

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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.
Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights.

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
Browse latest Market Reports: https://www.futuremarketinsights.com/reports

 

According to Future Market Insights (FMI), the global sales of billing paper market is expected to surpass US$ 1489.8 Mn by 2031. Billing-cum-invoice paper allows for multiple copies to be made of a document.

Increasing application of billing papers as invoice and transaction receipts in the businesses and e-commerce sector is driving the demand. On the back of this, the market is poised to expand at 6% CAGR between 2021 and 2031.

As companies in the industrial sector are increasingly becoming conscious towards the hazardous effect of carbon paper on environment, demand for sustainable and carbon-less billing paper have burgeoned. Also, expansion of e-commerce and retail sectors across India, China, and the U.S. is expected to increase the sales of billing paper.

Sales of billing paper witnessed moderate growth during the FQ-20 owing to the unprecedented outbreak of COVID-19. While disruption of supply-chains due to global lockdown hampered the sales, adoption of eco-friendly billing papers increased in the healthcare sector due to the transportation and supply of COVID-19 vaccines.

As per FMI, sales of billing paper grew by 4.4% year-on-year in 2021, and is projected to surpass US$ 831.2 Mn.

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Key Takeaways from Billing Paper Market

• 2 Parts NCR Paper is the most preferred paper type, with a 36.5% market share by 2031..
• In terms of basis weight, 40-100 GSM is expected to be highly sought-after, accounting for highest market share of 58.8% during the forecast period.
• In terms of application, institutional segment will dominate the segment, holding 35.1% market share by 2031.
• Asia Pacific is estimated to grow the highest 8% CAGR during the forecast period.
• Sales of billing paper in Thailand are expected to surge at an exceptional 10% CAGR between 2021 and 2031
• China is expected to spearhead the growth of East Asia market, contributing over 66.2% sales by 2031.

“End users institution, education, commercial and household sectors are switching to a customized range of invoice and receipts of billing papers due to their multifaceted attributes, which covers safety, accuracy, and durability. Also, manufacturers are increasing the production of eco-friendly and user-friendly customized billing papers to capitalize on the existing trend,” says FMI analyst.

Availability across Shopping Malls and Supermarkets Will Augment the Sales

Billing papers are ideal for invoices, purchase orders, receipts, and other essential documents because they transfer the data from the top sheet to multiple sheets beneath. They are extensively used in supermarkets and retail stores for invoice and receipts printing to mark the product details.

Billing papers as a billing-cum-delivery challan book are placed at every cash and delivery counter to provide the consumer with exact product details and payment proof. It is considered the most economical printing technology due to low maintenance costs and less energy consumption.

Less administrative time is required to fill up the details, and accuracy increases the customer’s satisfaction and loyalty. When signed on the billing paper invoice book, it is considered a valid and authentic proof document.

Availability of different color coded billing papers creates organizational efficiency, easy filing, and distribution. Hence, rising consumer preference for shopping in supermarkets and shopping malls due to convenience and the fast, easy, and accurate billing will bolster the demand for the billing papers.

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Electronic Invoicing and Digital Payment as Alternatives to Paper Might Limit the Sales

Growing penetration of digital technology and internet banking have allowed smartphones to receive bills, receipts, and statements. Digital invoices, reports, and receipts alleviate the printing and handling costs for businesses.

Consumers store digital bills and receipts on mobile phones, computers, or laptops to quickly access the documents when required. Due to the growing need for safe and secure digital technology, companies share important documents, invoices, and credit card bills through emails and other digital technology.

Paper invoicing, printing, and dispatching wastes valuable staff time, energy, and costs. Time spent resolving invoicing data entry and processing due to human errors on paper billing is very high. Hence, rising trend of digital and online trading through internet banking, mobile banking, ATM centers, and card payments are limiting the sales of billing papers.

Additionally, fewer people are required to process electronic invoicing. The invoicing accuracy and better efficiency due to digital technology will reduce the demand for billing paper.

Billing Paper Market Landscape

Koehler Paper Group, Pixelle Specialty Solutions, Mitsubishi HiTec Paper Europe GmbH, Asia Pulp & Paper (APP) Sinar Mas., and Jinyi Paper Co., Ltd. among others are the prominent players in the global billing paper market. The Tier 1 players in the market hold 25-30% in the global billing paper market.

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

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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Global Drink Cans Market to reach US$ 50 Bn in 2021, with sales predicted to grow by 8.5% CAGR between 2021 and 2031. After bucking initial impact of the COVID-19 outbreak, demand for drink cans are expected to surge 2021 onwards. Total volume is forecast to reach 524 Bn Units by the end of 2021. In terms of volume, sales of drink cans are projected to increase at 8% CAGR over the forecast period.

Drink can demand is likely to rise as the food and beverage industry ramps up production. Over the previous few decades, the worldwide beverage industry has grown at an exponential rate, and this trend is likely to continue over the projection period.

Markets in Asia-Pacific, Latin America, the Middle East, and Africa are quickly developing in terms of market volume and quality, in addition to the mature markets of North America and Europe. Furthermore, sales of drink cans are likely to increase in the coming years as demand for non-alcoholic and alcoholic beverages grows. Food and beverage industry growth is expected to be boosted by rising food consumption costs in emerging nations. This will almost certainly boost demand for drink cans all around the world.

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Further, shifting consumer preference towards sustainable and eco-friendly packaging has led to a spike in demand for packaging solutions that can be recycled. One of the most recycled packaging format is drink cans. Recycling doesn’t degrade the quality of metal as drink cans made from aluminum/ steel are completely recyclable, which makes this process profitable to manufacturers.

Moreover, in comparison to other conventional packaging formats, drink cans do not pose threat to the environment, as most of it gets recycled. During the process of recycling drink cans produce negligent amount of carbon footprint, adhering to the environment policies.

Factors such as recyclability, client specific customization, and increasing demand for small quantity beverage containers is anticipated to continue fueling sales of drink cans through 2031.

“Increasing emphasis on light weight and environment-friendly packaging solutions, along with the introduction of 3D printing technology for can manufacturing is expected to augment growth of the global drink cans market over the forecast period,” says an FMI analyst.

Key Takeaways:

• By capacity type, the 201 – 450 ml segment is anticipated to account almost 30% market share by the end of forecast period.
• In terms of product type, the 2 – piece cans segment is anticipated to expand by 2.3x over the forecast period.
• In the end-use industry segment, the non-alcoholic beverages segment is expected to account for 61% of the total market share by 2031.
• The U.S. is projected to account for 72.5% of the North America drink cans market in 2031.
• China will emerge as a lucrative market, holding 42% of the drink cans market in East Asia region.
• India is forecast to account for nearly 31% of the South Asia drink cans market by 2031.
• Sales of drink cans in Japan are anticipated to grow at a 9.6% CAGR through 2031.

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Competitive Landscape

Novelis Inc., Ball Corp., Crown Holdings Inc., Silgan Holdings Inc. are top players operating in the drink cans market. Furthermore, SHOWA DENKO K.K., Toyo Seikan Group Holdings Ltd., CPMC Holdings Inc., and CAN Pack S.A. are also noticeable players in the drink cans market. The 3-tier players in the market hold 50-60% of the global drink cans market. Key players are expected to account for almost 30-40% of the global drink cans market share over the forecast period.

Leading players operating in the global drink cans market are investing in strategic collaborations and acquisitions to expand their product portfolios and global footprint. For instance:

• In 2021, Novelis Inc. completed the construction of US$ 150 Mn aluminum rolling and recycling operation in Brazil. Moreover, the company acquired Aleris in 2020 to enhance the strategic position in Asia.
• In 2020, Crown Holdings Inc. has been recognized by Berlin Packaging as “Supplier of the Year 2019”. Crown Inc. also established manufacturing plant in Nicholas, New York to support demand for specialty cans.

What is the Impact of the COVID-19 Crisis on Drink Cans Market?

During the unprecedented COVID-19 pandemic, supply chains and production activities were hampered to an extent. Though lockdowns were enforced, partial or complete, manufacturing, and export-import of necessities and materials continued. The World Bank has estimated a loss of US$ 10 Trillion in earnings during the pandemic.

Disruptions in manufacturing and supply of drink cans also had a negative impact on growth of the market, affecting medium and small scale companies by hampering profit margins. This has resulted in an overall loss of over -2.6% of market value in 2020.

However, increasing sales of food and beverages post-pandemic are expected to provide impetus to growth of the drink cans market. In addition to this, growing demand for convenient and eco-friendly packaging solutions from the beverage industry will continue fueling sales of drink cans through 2031.

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Drink Cans Market – Competitive Landscape

Companies operating in the drink cans market are aiming at expansions and strategic partnerships with other manufacturers to expand their product manufacturing capabilities, product portfolio and global presence. For instance:

• In 2021, Ardagh Group’s Mississippi beverage can manufacture unit has been awarded 2020 carbon emission award from Tennessee Valley Authority. Also, company proposed merger of its beverage can business with Gores Holding V Inc.
• In 2021, Ball Corporation planned to build a new aluminum can plant Near Pilsen, Czechia. Last year company also completed the acquisition of Tubex Aluminum Packaging Business located in Brazil.

Drink Cans Market by Category

By Capacity:

• Up to 200 ml
• 201 – 450 ml
• 451 – 700 ml
• 701 – 1000 ml
• More than 1000 ml

By Product Type:

• 1 – Piece Cans
• 2 – Piece Cans
• 3 – Piece Cans

By Content:

• Alcoholic Beverages
  • Beer
  • Wine
  • Spirits
  • Others Alcoholic Beverages (Cider, etc.)
• Non-Alcoholic Beverages
  • Carbonated Drinks
  • Tea & Coffee
  • Juices
  • Soft drinks
  • Dairy Drinks
  • Soda
  • Other Beverages (Energy & Sports drinks, Electrolytes, etc.)

By Region:

• North America
• Latin America
• Europe
• MEA
• East Asia
• South Asia
• Oceania

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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.
Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights.

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
Browse latest Market Reports: https://www.futuremarketinsights.com/reports

 

The Silicone Release Liners Market By Liner Type (Paper Liner, Film Liner), Coating Type (Single Side Coated, Double Side Coated), Application (Labels, Tapes, Graphic Films), End Use (Food and Beverages, Healthcare, Chemical) & Region – Forecast 2021 – 2031–  As per FMI, film liners are used extensively in release liners market. However, paper based silicone release liners are acquiring immense popularity among manufacturers due to their better structural properties and sustainability compared to the film liners.

ESOMAR-certified consulting firm Future Market Insights estimates the global silicone release liners market to grow at 8.1% CAGR during the period 2021-31. The market has been forecast to offer an incremental opportunity of US$ 1.5 Bn in the span of next 10 years.

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Silicone Release Liners Market Landscape

Loparex LLC, UPM Raflatac, Mondi plc, Mitsubishi Chemical America, Inc., Siliconature Spa, Avery Dennison Corporation, 3M Company, Gascogne Group, Rayven, Inc., Felix Schoeller Group, Jindal Poly Films Limited’,

Increasing applications of silicone release liners in the packaging industry such as tapes, graphic films and labels are spurring sales. Superior benefits provided by silicone release liners such as improved quality, durability and tensile strength will continue improving their demand across diverse industries.

Advantages such as faster manufacturing process, economical final product, and eco-friendly features are bolstering paper silicone release liners demand. Furthermore, increased application of silicone release liners in food and beverage industry is expected to accelerate sales in the market.

Manufacturers in the food & beverage industry are adopting aggressive branding and marketing of food products to gain competitive edge. To improve the appeal of their products, they are improving quality of packaging, which is propelling the adoption of silicone release liners.

Aggressive branding and marketing in the food and beverages industry is anticipated to drive the market for silicone release liners in the coming years.

Key Takeaways from Silicone Release Liners Market

• By liner type, paper liners segment is expected to expand at an impressive pace of 7%CAGRduring 2021-2031.
• By application, labels segment is expected to hold 8%of value share in 2031 on the back of heightened demand for pressure sensitive labels.
• Sales of silicone release liners in the food industry are projected to expand at a CAGR of 5%during the span of the next 10 years.
• By region, North America and Europe is estimated to hold over half of the total silicone release liners market owing to their well-established packaging liners industry.
• South Asia and East Asia market are emerging as the most lucrative pockets, exhibiting growth at a CAGR of 5%and 11.4%, respectively.

 “Rapid expansion of healthcare and food & beverages sectors across the globe is anticipated to create growth opportunity for the silicone release liners market. With increasing need for safe packaging, key players are focusing on new product launches to expand their portfolio and gain competitive edge in the market” says FMI analyst.

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Growing Awareness Regarding Hygiene Products Fueling Demand for Silicone Release Liners

Growing awareness among consumers in developing nations such as India and Brazil regarding the hygienic packaging for products in infant and sanitary care sectors is resulting in high demand for silicone release liners.

Silicone Release Liners Market Projected The Demand To Rise At 8.1% CAGR Between 2021 And 2031.

Initiatives undertaken by NGOs and government bodies for promoting these products to the rural as well as economically weaker section of people living in urban areas are resulting in the g demand for hygiene products.

Rising demand is attracting many new players to enter the market. Meanwhile established companies are focusing on expanding their footprint worldwide.

For instance, key players such as Johnson & Johnson and P&G are focusing on capitalizing on untapped opportunities in the emerging markets to increase their market share and expand consumer base.

As silicone release liners are widely used for hygiene products due to their ease in detaching from the products and efficiency in carrying the adhesives, sales are expected to increase.

As per FMI, Loparex LLC, UPM Raflatac, Mondi plc are some of the Tier 1 players in the global silicone release liners market.  The Tier 3 players like Felix Schoeller Group, Jindal Poly Films Limited and Gascogne Group among others in the market hold 55-65% in the global silicone release liners market.

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Silicone Release Liners Market by Category

By Liner Type:

• Paper Liner
• Film Liner

By Coating Type:

• Single Side Coated
• Double Side Coated

By Application:

• Labels
• Tapes
• Graphic Films
• Hygiene and Medical Applications
• Others (Envelope, etc.)

By End Use:

• Food and Beverages
• Healthcare
• Electrical and Electronics
• Chemical
• Other Industrial

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About Us

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

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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For Sales Enquiries: sales@futuremarketinsights.com
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Pharmaceutical cold chain packaging will gain traction due to the expansion of pharmaceutical and healthcare industries. Sales of pharmaceutical cold chain packaging are expected to grow at a CAGR of 14.9% between 2021 and 2031, opines Future Market Insights.

The global pharmaceutical cold chain packaging market is rendered fragmented by the presence of numerous companies. However, most of the key manufacturers primarily concentrate in India, China, and the U.S.

Impressive growth is on card for the market as new entrants are expected to establish their manufacturing units in developing nations such as India, Brazil, and Malaysia. Penetration is so low in the market that it would increase by ten folds in the forthcoming years.

Low production costs, easy access to labor, and easy availability of raw materials have attracted several market players to Asian countries. This trend also is visible in the pharmaceutical cold chain packaging market.

Demand for safe packaging materials is increasing in the pharmaceutical industry. Expansion of pharmaceutical delivery chains has fuelled the demand for solutions to allow storage of products in the prescribed cold temperature so that they don’t undergo any chemical reaction or change their formulation, which could be dangerous for the consumers. These factors are expected to bode well for the market.

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Key Takeaways from Pharmaceutical Cold Chain Packaging Market

• By packaging format, active packaging is expected to grow by 4.5x times by 2031.
• By product, the demand for large sized pallet containers is expected to increase at a CAGR of 16.6% during the period of 2021-2031.
• By material, paper is expected to create an incremental opportunity of US$ 10.5 Bn during the forecast period.
• By application, vaccine and diagnostics segment is expected to hold a value market share of 44.1% in 2021.
• By end use, vaccine packaging industry is expected register Y-o-Y growth of 17.1% in 2021.
• The U.S. pharmaceutical cold chain market is expected to reach a market value of US$ 7.0 Bn by 2031.
• India is expected to be the most lucrative market across South Asia
• China and Germany are expected to spearhead the growth of East Asia and Europe market during the forecast period.

“Sales of sustainable pharmaceutical cold chain packaging solutions are driven by the need for more ecological packaging with improved tracking. Steered by increasing demand, market players are expected to focus on strategic collaborations. This also will help them expand their footprint globally” says FMI analyst.

Commencement of Inoculation Across the Globe will Improve the Pharmaceutical Cold Chain Packaging Market DemandWith the pressure to distribute the COVID-19 vaccine worldwide and to address the seasonal demand for flu shots, pharmaceutical companies are largely depending on cold chain packaging companies to deliver their products in a faster, convenient and hassle-free manner. It is improving the value of the cold chain packaging market and giving rise to innovations and technological advancements.

Collaborations and Integrations Among Key Players to Boost Market DemandDue to the slight disruption in supply chain due to COVID-19, pharmaceutical companies are involving multiple players to fulfil delivery across the globe. With multiple companies involved, multiple touchpoints for delivery are created and the product could be easily tracked in this process. Several companies are integrating with logistic providers to create a special logistic chain that can carry the processes like warehousing, logistics, delivery and shipment with lower costs.

Market LandscapeSonoco ThermoSafe, Cold Chain Technologies, Sealed Air Corporation, Nordic Cold Chain Solutions, Cryopak, CSafe Global LLC, TemperPack Technologies, Inc., Insulated Product Corp., Global Cooling, Inc., Envirotainer AB, va-Q-tec AG, EMBALL’ISO, Softbox Systems, Sofrigam SAS, DGP Intelsius LLC, Tempack Packaging Solutions SL, TOWER Cold Chain Solutions, Pelican BioThermal LLC, Blue Star Limited, BIOBASE Group, Andores New Energy Co., Ltd., Haier Biomedical Co. Ltd., Tamai Kasei Co., Ltd., Dhruvraj Syndicate, Valor Industries, KODIAKOOLER, WoolCool Ltd., and Allwin Roto Plast are few of the market players in the pharmaceutical cold chain packaging market.

Tier one market players hold 10% to 15% of the total global pharmaceutical cold chain packaging market. As per FMI, tier-1 players include Sonoco ThermoSafe, Sealed Air Corporation, and Nordic Cold Chain Solutions. Sonoco ThermoSafe is expected to contribute approximately 3 to 4% to the total pharmaceutical cold chain packaging market share.

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Pharmaceutical Cold Chain Packaging Market ReportFuture Market Insights, in its new report, offers an unbiased analysis of the global pharmaceutical cold chain packaging market, analyzing historical demand from 2015-2020 and forecast statistics for 2021-2031.The study reveals growth projections on the pharmaceutical cold chain packaging market based on packaging format (passive packaging [single use or one way use packaging],  product (small boxes, pallets [single pallet, double pallet], large sized pallet containers), material (polymer [polyethylene, polypropylene, PET, EPS, polyurethane, others], application (biologics and biological samples, vaccines and diagnostics, others), end use(diagnostic centers, clinical research organization, blood banks, vaccines packaging industry, pharmaceuticals, other healthcare units), across seven region (North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East and Africa).

Pharmaceutical Cold Chain Packaging Market by CategoryBy Packaging Format:

• Passive Packaging
  • Single Use or One Way Use Packaging
  • Multiple Use or Re-Usable Packaging
• Active Packaging
  • Reefer Trucks and Containers
  • Active Pallet Containers

By Product:

• Small Boxes
• Pallets
  • Single Pallets
  • Double Pallets
• Large sized Pallet Containers

By Material:

• Polymer
  • Polyethylene
  • Polypropylene
  • PET
  • EPS
  • Polyurethane
  • Others
• Metal
• Paper

By Application:

• Biologics and Biological Samples
• Vaccines and Diagnostics
• Others

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By End-Use:

• Diagnostic Centers
• Clinical Research Organization
• Blood Banks
• Vaccines Packaging Industry
• Pharmaceuticals
• Other Healthcare Units

By Region:

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

Related Links –

https://theomnibuzz.com/rotomolded-containers-market-notable-developments-geographical-outlook/

https://www.homify.co.uk/users/9006761/nk99fmi

https://theprose.com/post/525395/rotomolded-containers-market-remains-afloat-amid-covid-19-pandemic-to-surge-positively-projects-fmi-2022-2027

https://gettr.com/post/p1rous5e7c8

https://writeablog.net/nk99fmi/rotomolded-containers-market-impacted-by-covid-19-market-to-remain-dormant-in

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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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A recent market research report entitled Plastic Corrugated Sheets Market  Size, Share, Growth, Industry Trends, and Forecast, done by our research team depicts the comprehensive and collaborative analysis of industry during past, present, and forecast periods. The Plastic Corrugated Sheets Market report determines historic growth analysis and current scenario of Functional Mushroom Market place and intends to offer actionable insights on global market growth projections.

The report Plastic Corrugated Sheets on all the industry verticals like competitive market scenario, regional presence, and development opportunities. The next part covers the market competition landscape based on revenue and growth rate. Further, it explains Plastic Corrugated Sheets Market types, applications, and price analysis.

As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI) the global plastic corrugated sheets market is projected to total US$ 1.3 Bn in 2021, growing at a 6.4% CAGR through 2031.

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2014-2020 Plastic Corrugated Sheets Market Outlook Compared to 2021-2031 Forecast

Driven by the expansion of the food and construction industries across the globe, the plastic corrugated sheet market is anticipated to rise at 6.4% CAGR from 2021 to 2031. Plastic corrugated sheets are made from high-impact polypropylene copolymer or low-density polyethylene.

These sheet are specially derived from extruded plastic, also known as twin-wall or multi-wall sheet produced in a continuous extrusion process. They are waterproof, heat-insulated, and long-lasting, while being chemical, moisture, acid-resistant as well as pest and termite resistant. Its tendency to adhere to unforeseen hardships and climate changes is indeed an advantage. It is a robust, long-life, and customized packaging solution for various end-user applications.

Plastic corrugated sheets are extensively used in the advertising industry for exhibition and signboards, indoor-outdoor signage, digital and screen-printing displays. These sheets provide robust protection against environmental influences are easily installable, ideal for temporary walls, fencing, and partitions.

Plastic corrugated sheet is among the most protective packaging solutions, providing optimum level protection for all kinds of material parts of different sizes and shapes. They are an excellent source of roofing and flooring materials and are used in the agriculture industry for the construction of greenhouses and protection and handling of plants during transport.

In addition, the emergence of e-commerce and digital platforms are anticipated to propel sales of plastic corrugated sheets. Versatility, flexibility, sustainability, and cost-effectiveness are chief factors driving the popularity and adoption of plastic corrugated sheets in various end-use industries. Growing demand for recyclable, reusable, non-toxic and environment-friendly solutions is spurring is projected to spur sales of plastic corrugated sheets in the forthcoming years.

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Key Takeaways from Plastic Corrugated Sheets Market

Based on material type, polypropylene (PP) plastic corrugated sheets are projected to hold 48.7% of the total market share.

In terms of end-use, applications of plastic corrugated sheets in the packaging industry are anticipated to account for 34.1% of the total market share through 2031.

3mm to 8mm thickness segment to remain highly sought after, capturing 48.4% of the total plastic corrugated sheets market share.

The U.S. will continue witnessing high demand for plastic corrugated sheets, accounting for 85.1% of the North American market share.

Germany is projected to dominate the European plastic corrugated sheets market, holding 17.5% of the market share.

Sales of plastic corrugated sheets in India are anticipated to grow at a robust 8.9% CAGR through 2031.

China will emerge as an attractive market, commanding 80.9% of the East Asian plastic corrugated sheets market share.

The Australian plastic corrugated sheets market is projected to grow at a 3.5% CAGR through 2031, owing to increasing demand for high-quality printing solutions.

Who is Winning?

DS Smith Plc, Karton S.p.A., Coroplast, FlutePlast, Twinplast Ltd., and among others are the leading players in the global plastic corrugated sheets market. The Tier 1 players in the market hold 15-20% in the global plastic corrugated sheets market.

As consumers are preferring environmentally friendly, sustainable, and affordable packaging solution, players operating in the global plastic corrugated sheets market are actively focusing on research and development to launch innovative products, catering to the growing demand. Besides this, strategic collaborations, mergers, and acquisitions will remain prominent growth strategies adopted by key players over the assessment period. For instance:

Coroplast® offers CORO-GARD plastic corrugated sheets made for electronic transportation-sensitive devices and packaging to prevent (ESD) electrostatic damage. It is produced to meet the guidelines given by the (EIA) Electronics Industries Association.

Coroplast® introduced brushed fabric polyester laminated sheets, which provide additional abrasion protection for “A” class packaging applications. Polyester laminated Coroplast sheets offer a cost-effective solution to ensure a proper combination of process, materials, and adhesion.

Karton S.p.A. introduced Eplak® polypropylene sheet, which has a sandy matt finish ideal for cosmetics and luxury products packaging. Its glossy, shiny mirror finish is perfect for advertising materials. Cartonplast® is a versatile product that is easily converted into box packaging and uses the most modern extrusion technique.

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Plastic Corrugated Sheets Market by CategoryBy Material Type:

• Polyethylene (PE)
• Polypropylene (PP)
• Others (Polycarbonate (PC), Polyethylene Terephthalate (PET), etc.)

 By Thickness:

• Less than 3 mm
• 3 to 8 mm
• Above 8 mm

By End Use:

• Packaging
• Healthcare
• Food
• Automotive
• Electronics
• Others

By Region:

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

Related Links –

https://www.evernote.com/client/web?login=true#?an=true&n=56419f59-0755-8f47-de53-796373aef366&

https://medium.com/@nk99fmi/rotomolded-containers-market-2022-development-status-competition-analysis-type-and-application-472a20e2c692

https://www.patreon.com/user?u=72082925

https://hackmd.io/5Hvxd5anQf6aWh-dxf8HpQ

https://nk99fmi.hashnode.dev/rotomolded-containers-market-2022-industry-research-segmentation-key-players-analysis-and-forecast-to-2027

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

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