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FMI deploys digital intelligence solutions to offer compelling insights to report buyers that help them in overcoming market challenges, especially at the time of a crisis. Our dedicated team of professionals performs an extensive survey for gathering accurate information associated with the market.

FMI, in its upcoming business report, elaborates the historical and current scenario of the global Labeling Equipment market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

Crucial information and forecast statistics covered in the Labeling Equipment market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

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COVID-19 Impact Analysis on Labeling Equipment Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Labeling Equipment market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Labeling Equipment market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Labeling Equipment market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Labeling Equipment Market: Segmentation

Based on the Product type, the Fiber based packagingmarket is segmented into:

By Product Type:

• Top Labeling Equipment
• Bottom Labeling machine
• Top & Bottom Labeling Equipment
• Wrap Labeling Equipment
• Front & Back Labeling Equipment
• Full Body Sleeve Labeling Equipment

By Technology:

• Automatic
• Semi-Automatic
• Manual

By Labeling Equipment:

• Primary Applicators
• Print & Apply
• RFID Labeling Solution

Labeling Equipment Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Labeling Equipment market. Competitive information detailed in the Labeling Equipment market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Labeling Equipment market report.

Key players covered in the report include:

Quadrel Labeling Systems

Krones AG

KWT Machine Systems Co. Ltd.

Label-Aire, Inc.

Sidel Group

Nita Labeling Equipment

FUJI Seal International Inc.

Sato Holdings Corporation

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 Important Questions Answered in the Labeling Equipment Market Report

Which end user remains the top revenue contributor in different regional markets?

At what rate has the global Labeling Equipment market been expanding during the forecast period?

How will the global Labeling Equipment market look like by the end of the forecast period?

What innovative strategies are adopted by Labeling Equipment market players to stay ahead of the pack?

What are the restraints affecting the growth of the global Labeling Equipment market?

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets

Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.

Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis

Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions

Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Labeling Equipment market

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

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As per a recent market analysis by Future Market Insights (FMI), the global padded mailers market are projected to total US$ 1.7 Bn in 2021. With sales growing at a 5% CAGR, the market valuation is forecast to reach US$ 2.5 Bn by 2031.

Padded mailers are manufactured using the thick sheets of paper or cardboard which is pasted inside the mailer. Corrugated material not only adds strength but also makes the product easy to handle, thereby enhancing the ease and convenience of padded mailers.

Increasing applications of padded mailers in various sectors such as logistics & transportation, pharmaceuticals, food & beverages, electrical & electronics, automotive, cosmetics and personal care will continue boosting the market.

These products are used for shipping various products that are delicate in nature, such as jewellery, electrical and electronics products. They reduce the risk of damage as compared to traditional mailers owing to its thickness and toughness of the cardboard paper. The durability and excellent strength of the padded mailers are expected to fuel sales in the market in the forthcoming years.

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Padded mailers can be easily recycled as they are manufactured using 100% plant-based material such as corrugated paper. Once the mailer has been used, it can be recycled again for using post-consumer recycled content.

To improve sustainability, manufacturers are actively using the same material for cushions and envelopes. This has reduced recycling efforts for segregation of waste material. Driven by this, sales of kraft padded mailers are increasing in the ecommerce sector for delivering sustainable products like green and eco-friendly cosmetics.

Key Takeaways:

On the basis of the material, sales of polyethylene (PE) padded mailers are projected to account for more than 50% of the total market share by 2031.

Based on closure, the peel and seal segment is forecast to expand at a 5.7% CAGR between 2021-2031.

In terms of end use, the manufacturing and warehousing segment is anticipated account for 40% of the total market share by 2031.

The U.S. is expected to account for 87% of the North America market share over the forecast period.

Demand in the U.K. market is forecast to hold 20% of the Europe market share by 2031.

India will emerge as a lucrative market, creating and incremental opportunity of US$ 102 Mn over the assessment period.

China is expected to account for a dominant share of the East Asia market, accounting for 90% of the market share by 2031.

 “Increasing demand for sustainable material-based packaging solutions, along with the expansion of the foodservice and ecommerce sectors are expected to boost the global padded mailers market over the forecast period,” says an FMI analyst.

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Competition Landscape

3M Company, Intertape Polymer Group Inc., Sealed Air Corporation, PAC Worldwide Corporation, Polycell International Corp., Storopack Hans Reichenecker GmbH, Vereinigte Papierwarenfabriken GmbH, Pregis LLC, Jiffy Packaging, Proampac LLC

Leading players operating in the market are investing in research and development to launch sustainable padded mailers. Besides this, players are also investing in mergers, acquisitions, collaborations and partnerships to expand their production facilities. For instance:

In June 2019, Sealed Air Corporation acquired MGM’s flexible packaging business. MGM is a privately held company that is headquartered in Manila, the Philippines. The acquisition will allow the company to expand its food packaging operations in Asia.

More Insights into the Padded Mailers Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for Padded Mailers, analysing historical demand from 2014-2020 and forecast statistics for 2021-2031. The study reveals market growth projections on the padded mailers based on material (kraft paper {white kraft paper and brown kraft paper}, polyethylene {HDPE and LDPE/LLDPE}, fibre-based), based on closure (self-seal and peel & seal), by end use (manufacturing & warehousing {pharmaceuticals, electrical & electronics, auto & allied, food & beverages, cosmetics & personal care, others} and across seven regions.

About Us

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

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Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

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The wooden cutlery market is estimated to value at US$ 184.4 million in 2022 and is projected to reach US$ 245 million by 2028, at a CAGR of 4.8% during the forecast period.In the report, FMI suggests that the wooden cutlery are the better alternative to plastic and steel cutlery, owing to its eco-friendly and biodegradable properties. The global market for wooden cutlery has been segmented on the basis of product, end use, sales channel, and regions such as North America, Latin America, Europe, South Asia, East Asia, MEA, and Oceania.

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As the global sustainability drive continues to reach new heights, a number of end users, especially foodservice industry, are leaning towards green solutions and biodegradable products, resulting in surge in the demand of wooden cutlery. Tapping into opportunities in new sectors and regions where restrictions have imposed on the use of single-use plastics will remain key to gaining competitive advantage for the market players, according to the FMI’s analysis.

North America Remains at the Forefront

FMI’s study analyses that North America is expected to remain at the forefront of the global wooden cutlery market throughout the forecast period. In North America, the wooden cutlery market is expected to be driven by increase in number of single-person households along with increase in living standards and changing lifestyles. Rapid adoption of online food services in the region has further escalated the demand for wooden cutlery. Simultaneously, increase in demand for biodegradable cutlery and growing awareness towards the ill effects of plastic will continue to contribute to the growth of the wooden cutlery market.

Opportunities Abound in East Asia & South Asia

East Asia holds significant share in the global wooden cutlery market, and is expected to attain notable CAGR during the forecast period. In East Asia, China is foreseen to remain prominent market, accounting for half of the revenue share during the forecast period. China, with low labour cost and highly efficient workers, produces large volume of wooden cutlery. Wooden cutlery made in China are available at comparatively low price, and are exported in large volume to other regions.

In South Asia, India is expected to remain prominent market for wooden cutlery. Online food delivery system is growing at tremendous pace in the region, with evolving organized foodservice retail chains.  Escalating demand for convenience among consumers has resulted in increased delivery of food and cutlery consumption. The trend of using biodegradable and eco-friendly cutlery is increasing in the region, due to awareness program carried out by wooden cutlery market players such as Pappco Greenware against the effects of single-use plastic cutlery. Such trends are thus expected to fuel the growth of the wooden cutlery market in South Asia.

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Wooden Cutlery Market: Vendor Insights

In this report, Future Market Insights has presented several strategies adopted by the key players in the wooden cutlery market, tracked by an analysis of the current developments. The key players, which have been profiled in the report on the wooden cutlery market includes Huhtamaki Group Oyj, Chefast kitchen accessories, Mede Cutlery Company, Eco-gecko Products Inc., Caoxian Luyi Wooden Product Co., Ltd., Bambu LLC, VerTerra Dinnerware, Leafware LLC, Biopac UK Ltd., Vegware Ltd., Bio Futura B.V., Ecoware Biodegradables Inc., Ecoriti, Vrag Fils Airlaid Pvt. Ltd, Natural Tableware, Packnwood (First Pack), Biotrem, Pavrex Wooden Products, Greenwood (Dalian) Industrial Co., Ltd., and Pappco Greenware, among others.

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

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The latest market research report by Future Market Insights on the IBC rental business includes global industry analysis 2014–2021, and opportunity assessment 2022–2029. The report studies the IBC rental business and provides critical insights for the forecast period 2019–2029. As per the findings of the report, the global IBC rental business is projected to experience significant growth over the forecast period, due to various driving factors such as the growing demand from low-capital end-users and stringent shipping and storing regulations.

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The global IBC rental business is estimated to be valued at ~ US$ 1 Bn in 2019, projecting a CAGR of ~ 5% during the period of 2019-2029. The growth of the IBC rental business is remarkably driven by increasing demand from small to middle-scale chemical companies.

The IBC rental business is expected to witness a steady growth rate in the foreseeable future, owing to the growth of the global chemical industry. In addition, continued urbanization in the developing economies of South and East Asia has increased the demand for chemical which is expected to directly impact the growth of the IBC rental business.

Europe to Remain as Dominating Market Region throughout the Forecast Period

The IBC rental business is closely related to the export activities and manufacturing of chemical and value-added products of different countries. The domestic production of end user in different regions are estimated to be a key factor in analyzing the leading end-use industries for the IBC rental services. Europe is expected to dominate the regional market in terms of demand, owing to its established export business. In 2018, Europe contributed nearly 40% of the total global export of chemical products. The Benelux and Germany are estimated to account cumulatively 1/3 of market share in the European IBC rental business. South Asia is anticipated to witness a fast-paced growth, owing to government policies to increase the export of chemical products from ASEAN regions and India.

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Temperature-controlled IBCs to Gain Traction in Coming Years

The global market of IBC rental business has been segmented in terms of material type, product type, content, capacity, end use, and regions. The regions are segmented into North America, Latin America, Europe, East Asia, South Asia, and Middle East & Africa.

• By product type, carbon steel IBC is generally preferred in the IBC rental business. In terms of value, stainless steel IBC is estimated to be the leading product in the market. The reusability and secure handling of hazardous and flammable products are critical features, due to which steel IBCs are highly used in IBC rental business.
• By content, shipping and storing of liquid are the main applications of rental IBCs. The higher safety, filling, and dispensing offered by IBCs are expected to prove itself as great packaging formant for industrial products packaging.
• By capacity type, the IBCs with the capacity of 1,001-1,500 liters are estimated to be prominent in the global IBC rental business, owing to the specific standard size mentioned by regulatory authorities.
• By end use, the industrial chemicals segment is leading for IBC rental business. The food & beverages segment is projected to be an emerging segment for IBC rental business, due to estimated increment in export volume based on previous five-year trade.

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IBC Rental Business: Market Vendor Insights

The report highlights some of the market players, who have recognized themselves as leaders in the global IBC rental business. Some of the global key players in the IBC rental business profiled in report are Good Pack Ltd., Hoover Ferguson Group, Arlington Packaging (Rental) Limited, Precision IBC, Inc., Hoyer Group, Metano IBC Services, Inc., CMO Enterprises, Inc., Mitchell Container Services, Inc., Global Packaging Services (GPS), Brambles Limited, Envirotainer AB, Americold, HCS (Hawman Container Services), SCHÄFER WERKE GmbH, and TPS Rental Systems.

Some of the IBC manufacturers are also showing interest to enter in IBC rental business owing to high-profit opportunity in renting, cleaning, and maintaining services of IBCs. It will show remarkable increment in the volume of rental IBCs in the global fleet.

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

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As per as of late let data out of Future Market Insights (FMI), the polypropylene packaging films market should select a year-on-year (YoY) improvement of 5.9% in 2021, showing up at US$ 26.2 Bn. As demonstrated by the survey polypropylene, by and large, packaging films arrangements will augment at 6.5% CAGR some place in the scope of 2021 and 2031. Creating propensity towards versatile packaging is filling the arrangements of Polypropylene packaging films.

The fast advancement of polypropylene packaging films market can be credited to the creating revenue for versatile polypropylene packaging game plans across various endeavors, similar to food and reward, Pharmaceuticals, equipment and others.

With rising discretionary cashflow and expanding center pay populace, there is an immense interest for bundled food varieties across the world. Food makers are ceaselessly zeroing in on expanding the time span of usability of items. Subsequently, polypropylene films are being adjusted for enormous scopes for the end goal of packaging.

Polypropylene packaging films not just expand the time span of usability of food items yet in addition help to keep up with the nature of food. They are brilliant option in contrast to cellophane, waxed paper and aluminum foil.

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Inferable from different highlights of polypropylene films, for example, recyclability, optical lucidity, cost proficient and lightweight, they are broadly used for adaptable packaging arrangements across different application.

As the world is moving towards maintainable packaging, interest for ecofriendly arrangements is building up momentum. Rising natural worries alongside expanding mindfulness among individuals about the advantages of reasonable and recyclable packaging arrangements will decidedly influence the interest for polypropylene films.

Likewise, expanding reception of polypropylene films in electric and drug items packaging, attributable to their intensity opposition, dampness confirmation and effect obstruction properties will drive the market quickly during the estimate time frame. The market is supposed to outperform 13.2 Mn Tones in 2021.’

BOPP films fragment drives the polypropylene packaging films market. This can be ascribed to its dampness safe, better gas boundary, higher modulus, higher elasticity properties alongside expanding innovative work exercises for BOPP material.

North America drives the polypropylene packaging films market because of expanding interest for bundled merchandise in the locale. The North America market is set to enroll a CAGR of 5.4% somewhere in the range of 2021 and 2031.

“Developing extent of polypropylene films application in electronic, tobacco and medical services businesses alongside expanding innovative work exercises will grow the polypropylene packaging films market during the figure time frame,” says the FMI expert.

Key Takeaways from Polypropylene Packaging Films Market Survey

• North America leads the polypropylene packaging films market. The market is set to expand at 5.4% CAGR between 2021 and 2031.
• Europe market is forecast to register 4.7% CAGR during the forecast period.
• With expanding healthcare and food and beverage industries, East Asia is anticipated to take the spotlight during the forecast period.
• BOPP films segment leads the polypropylene packaging films market.
• Top 5 players operating in the market hold 8-10% market share in 2021.

Key Drivers

• Increasing inclination towards flexible packaging is driving the polypropylene packaging films market.
• Expanding application in food and beverage and healthcare sectors will positively impact the demand for polypropylene films
• Rising environmental concerns and increasing awareness among people regarding benefits of polypropylene films also will contribute to the growth of the market.
• Growing middle class population and rising disposable income will accelerate the sales of PP films.

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Key Restraints

• Fluctuations in the cost and availability of raw materials is hampering the growth of polypropylene packaging films market.
• Availability of better alternative packaging solutions might reduce the adoption of PP packaging films in various applications.

Competitive Landscape

Key companies operating in the global polypropylene packaging films market are focusing on expanding their product portfolio as well as their distribution networks. They have adopted various strategies such as mergers and acquisitions, development of new products and collaborations to gain a competitive edge in the market.

• In July 2020, LyondellBasell, the world’s largest licensor of polyolefin technologies announced that Quanzhou Grand Pacific Chemicals Co. Ltd. (QGPC) will use the LyondellBasell Spheripol technology for a 450 KTA polypropylene plant to be built in Quanzhou, P.R. China.
• In January 2019, Taghleef Industries (TI) completes the acquisition of Biofilm. The acquisition will help Taghleef Industries to increase its annual BOPP production capacity to more than 500000 tons.

Some of the prominent players operating in the Polypropylene packaging films market profiled by FMI are:

• Toray Plastics (America) Inc.
• Cosmo Films Ltd.
• Vacmet India Ltd.
• IrplastS.p.a,
• Polinas Plastik Sanayi ve Ticaret A.S.
• Profol Kunststoffe GmbH
• Taghleef Industries L.L.C.
• Thai Film Industries Public Company Ltd.
• Oben Holding group S.A.C.
• Rowad National Plastics Co., Ltd.
• LC Packaging International BV
• Jindal Poly Films Ltd., Uflex Ltd.
• Polyplex Corporation Limited
• Copol International Ltd,
• Schur Flexibles Holding GesmbH
• Filmax, Inteplast Group Ltd.,
• Dunmore Corporation
• Poligal S.A.

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More Insights on the Global Polypropylene packaging films Sales Outlook

FMI provides an unbiased analysis of polypropylene packaging films market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for polypropylene packaging films with a detailed segmentation on the basis of:

By Product Type:

• BOPP
• CPP

By Film Format:

• Clear Films
• Coated Films
• Matte Films
• White Films
• Metallized Films

By Thickness:

• Up to 18 micron
• 18 to 50 micron
• 51 to 80 micron
• Above 80 micron

By Application:

• Bags & Pouches
• Lamination
• Tapes
• Labels
• Wraps
• Others

By End Use:

• Food & Beverages
• Personal Care & Cosmetics
• Electric & Electronics
• Industrial
• Pharmaceuticals & Medical
• Tobacco
• 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 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

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The global Steel Drums & IBCs Market is expected to hit a market value of US$ 16 Bn by 2022, and is expected to reach US$ 22.5 Bn expanding at a CAGR of 4.8% from 2022-2029.

The global demand for Steel Drums & IBCs Market accounted for revenues equating US$ 13 Bn in 2021; FMI’s new study estimates growth to hover at 4.8% mark during the next decade. Increasing global trade and growing proclivity to invest in efficient transportation are supporting market growth, according to the authors of the report.

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Increasing focus on achieving cost-effectiveness in logistics, along with growing transportation of hazardous and non-hazardous materials have brought steel drums and IBCs at the center stage. Moreover, as steel drums & IBCs are considered as one of the safest forms of packaging for dangerous goods such as chemicals, demand has remained steady over the years. The market is likely to be influenced by reusability that results in cost-savings in reverse logistics and traceability that enhances consumer services.

Growing Demand for Steel Drums & IBCs in China

East Asian countries continue to offer significant opportunities for steel drums & IBC manufacturers. The demand for steel drums & IBCs in China, South Korea, and other East Asian countries is majorly driven by increased spending on trade activities and the growing demand for chemical packaging. The growing investments in increasing production facilities is likely to create significant growth opportunities for market players over the course of the forecast period.

In addition to East Asia, South Asia is likely to remain a lucrative region for the steel drums & IBCs market on account of the expansion of end-use industries which are likely to push the demand during the assessment period. Expanding cross-border trade witnessed across this region is expected to propel sales of steel drums & IBCs. Further, key investments in the European economies focused at IBC production by companies such as Mauser Packaging Solutions and Greif reflect the opportunities offered by the European economies.

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Chemical Industry Remains the Largest Consumer

Major consumption of steel drums and IBCs is witnessed across the chemical sector. The chemical segments is expected to hold approximately 40% share in the global steel drums & IBCs market in 2022. The growing incidents of storage and transportation of hazardous chemicals is expected to support this consumption as steel drums & IBCs are perceived to be safe packaging solutions for such goods.

As chemicals pose health risks on leakage and leach, the demand for packaging solutions that prevent exposure to external environment continues to rise, driving steel drums & IBCs’ demand. Another factor supporting the growing consumption of steel drums & IBCs for chemical packaging is the increasing inclination towards sustainable packaging solutions, considering the negative environmental impact of plastic which has been previously used for chemical storage and transport owing to its higher safety standards.

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Companies operating in the steel drums & IBCs market focus on maximizing the production on account of the constant demand growth from the chemical and petroleum and lubricants. Apart from these sectors, newer solutions are also being designed to address the requirements of the food processing and pharmaceutical sectors which include exceptional performance, enhanced handling and labor savings.

Moreover, manufacturers continue to emphasize production of customized solutions that are designed to meet specific end-use requirements. Leading manufacturers of steel drums & IBCs are likely to consider expansion of global footprint through acquisitions or collaborations with regional providers.

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

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Future Market Insights Inc.

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The global paint cans market was valued at 4.7 Bn by 2021, and is projected to register modest growth during the next ten years. As indicated by a new report presented by Future Market Insights (FMI), sustained demand for paint cans within construction and wall décor segments will continue to push paint can sales at a steady pace over the years to come.

High Recyclability Quotient Sustains Metal Paint Can Sales

Paint cans are widely used to store paint. In fact, they are the most dominant form of packaging solution used for paint. Metal paint cans are generally preferred due to their high recyclability. However, there are certain factors associated with convenience, which could hamper the growth in the adoption of metal paint cans. These include problems such as rusting of paint cans, which can damage the paint inside.

Moreover, most metal paint cans are tightly sealed, and spill paint when opened with force. The paint spilling out of paint cans can stick to the surface. On the other hand, plastic paint cans can be easily decorated and have better compatibility with printing, which is taken advantage of, by paint can manufacturers.

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Paint Cans Continue to Witness Steady Traction, Construction & Wall Décor Key Revenue Generation Areas

Since a significant chunk of the demand for paint cans is generated by the construction sector, there is a demand for packaging solutions with high capacity. This is fulfilled by plastic containers and pails which have a capacity of well over 5000 ml. Several 5 gal containers of latex-paint sold in the market come in plastic containers. Plastic pails and bulk containers lead to reduced weight of the packaging, ensuring user convenience. The high demand for rigid plastic pails in the construction sector could, to some extent, hamper the growth of the global paint cans market.

The building and construction sector is expected to witness solid growth in the coming years, especially in high growth countries such as Brazil, India, and China. Also, the increasing number of new construction projects, as well as a number of households, is expected to boost the growth of the wall paint market, which, in turn, is anticipated to represent lucrative opportunities for the global paint cans market during the forecast period.

Paint Consumption Sees an Upsurge in Developing Asian Economies, Pushing Sales of Paint Cans

The South & East Asia paint cans market is expected to represent significant revenue growth opportunity during the forecast period. The high rate of urbanization, rise in the number of single person households, and robust growth of the building & construction industry is expected to generate significant demand for paint cans during the forecast period. Therefore, the manufacturers of paint cans are eyeing the South & East Asia region to pursue rightsizing of their supply chains to accommodate high growth countries in the region.

China is expected to generate the maximum incremental $ opportunity for the paint cans market by the end of the forecast period. Strong economic growth of India is the key driver for the local paint industry. India’s paint consumption has been registering double-digit figures for the past few years, making it highly attractive in terms of growth rate of the paint cans market.

The continuous expansion of the building & construction industry in countries such as Indonesia, Thailand, South Korea, and Japan, is likely to represent an enormous growth opportunity for the paint cans market during the forecast period. Overall, South & East Asia regions are projected to witness a notable growth rate of the paint cans market throughout the forecast period.

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Competition Landscape: Global Paint Cans Market

The FMI report includes a detailed competition landscape, which includes profiles and assessment of paint can manufacturers operating in the global paint cans market. Key manufacturers of paint cans profiled include – Ardagh Group, S.A., Ball Corporation, RPC Group Plc., Silgan Containers LLC, Kian Joo Can Factory Berhad, Colep Portugal, S.A., BWAY Corporation (MAUSER Packaging Solutions), National Can Industries Pty. Ltd., Allied Cans Limited, Aaron Packaging, Inc., Allstate Can Corporation, Lancaster Containers, Inc., Baltic Packaging A/S, Envases Universales Group, P. Wilkinson Containers Ltd., Sarten Ambalaj Sanayi Ve Ticaret A.S., and KW Plastic Inc.

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

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The wooden cutlery market is estimated to value at US$ 184.4 million in 2022 and is projected to reach US$ 245 million by 2028, at a CAGR of 4.8% during the forecast period.In the report, FMI suggests that the wooden cutlery are the better alternative to plastic and steel cutlery, owing to its eco-friendly and biodegradable properties. The global market for wooden cutlery has been segmented on the basis of product, end use, sales channel, and regions such as North America, Latin America, Europe, South Asia, East Asia, MEA, and Oceania.

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As the global sustainability drive continues to reach new heights, a number of end users, especially foodservice industry, are leaning towards green solutions and biodegradable products, resulting in surge in the demand of wooden cutlery. Tapping into opportunities in new sectors and regions where restrictions have imposed on the use of single-use plastics will remain key to gaining competitive advantage for the market players, according to the FMI’s analysis.

North America Remains at the Forefront

FMI’s study analyses that North America is expected to remain at the forefront of the global wooden cutlery market throughout the forecast period. In North America, the wooden cutlery market is expected to be driven by increase in number of single-person households along with increase in living standards and changing lifestyles. Rapid adoption of online food services in the region has further escalated the demand for wooden cutlery. Simultaneously, increase in demand for biodegradable cutlery and growing awareness towards the ill effects of plastic will continue to contribute to the growth of the wooden cutlery market.

Opportunities Abound in East Asia & South Asia

East Asia holds significant share in the global wooden cutlery market, and is expected to attain notable CAGR during the forecast period. In East Asia, China is foreseen to remain prominent market, accounting for half of the revenue share during the forecast period. China, with low labour cost and highly efficient workers, produces large volume of wooden cutlery. Wooden cutlery made in China are available at comparatively low price, and are exported in large volume to other regions.

In South Asia, India is expected to remain prominent market for wooden cutlery. Online food delivery system is growing at tremendous pace in the region, with evolving organized foodservice retail chains.  Escalating demand for convenience among consumers has resulted in increased delivery of food and cutlery consumption. The trend of using biodegradable and eco-friendly cutlery is increasing in the region, due to awareness program carried out by wooden cutlery market players such as Pappco Greenware against the effects of single-use plastic cutlery. Such trends are thus expected to fuel the growth of the wooden cutlery market in South Asia.

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Wooden Cutlery Market: Vendor Insights

In this report, Future Market Insights has presented several strategies adopted by the key players in the wooden cutlery market, tracked by an analysis of the current developments. The key players, which have been profiled in the report on the wooden cutlery market includes Huhtamaki Group Oyj, Chefast kitchen accessories, Mede Cutlery Company, Eco-gecko Products Inc., Caoxian Luyi Wooden Product Co., Ltd., Bambu LLC, VerTerra Dinnerware, Leafware LLC, Biopac UK Ltd., Vegware Ltd., Bio Futura B.V., Ecoware Biodegradables Inc., Ecoriti, Vrag Fils Airlaid Pvt. Ltd, Natural Tableware, Packnwood (First Pack), Biotrem, Pavrex Wooden Products, Greenwood (Dalian) Industrial Co., Ltd., and Pappco Greenware, among 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 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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