Market Research Blog – Page 9715 – New Product Development

Hand-held Capping Machines Market is anticipated to be appraised at US$ 426.5 Million by 2032

Due to the rising demand over the course of the projected period, a CAGR of 3.9% is predicted for the global market for hand-held capping machines. It is projected to increase in value from US$ 290.9 Mn in 2022 to US$ 426.5 Mn by 2032.

The need for packaged drinking water and beverages, which also necessitates the facilitation of the capping process, is expected to increase demand for hand-held capping devices.

However, in addition to the high initial cost of these equipment, additional costs for the distribution systems are necessary, which could impede the expansion of the global industry. In contrast, manufacturers are implementing strategies and broadening their product lines in response to technological advancements, which are expected to open up new opportunities for market expansionTop 5 Companies

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Transforming the Market for Hand-Held Capping Machines
Due to the presence of numerous market players, the market share for hand-held capping machines is extremely competitive. Various regional level businesses are also active in important growth zones, particularly in Europe, through mergers and acquisitions.

Key Market Players of the Hand-Held Capping Machines Market:

KINEX Cappers Inc. – They manufacture semi-automatic and handheld capping machines, bottle cappers and cap tighteners. The company’s semi-automated capping machinery are known for their ease of use, rugged design, and unmatched reliability.
ACCUTEK Packaging Equipment Companies Inc. – They manufacture phenomenal packaging machines, which effectively maximizes the production rate without any error.
APACKS Packaging Inc. – They manufacturer packaging machines, filling machines and bottle capping machines that set the standard for the packaging equipment industry.
SWAN-MATIC Bottle Capping Machines & Equipment – It provides the bottling and packaging industry with semi-automatic bottle capping machines for small to mid-production runs and manufactures capping related products that are used in virtually all sizes of production lines. Over 90 percent of their equipment is maintained IN-STOCK and available for immediate delivery worldwide.
Medi-Pack Process & Technologies – They are leading manufacturer, exporter and trader of supreme quality Bottle Capping Machine, Bottle Filling Machine, Bottle Labeling Machine, Bottle washing machine, Bottle Inspection Machine, Packing Conveyor Belt, Automatic Liquid Filling Line, Turn Table, etc.

OTHER MARKET PARTICPANTS OF HAND-HELD CAPPING MACHINES MARKET:

Quick Capper
Spheretech Packaging India Private Ltd.
The CARY Company
Dispense Works

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Sales of Hand-held Capping Machines Flourish in Europe & North America

Europe is the most dominating hand-held capping machines market, with a revenue of 22%. This is attributed to the technological advancements in hand-held capping machines and the increasing benefits that are provided by these machines.

North America is a growing hand-held capping machines market with a revenue of 18%. This is owing to the presence of leading market players who manufacture and market these machines in this region. Moreover, the innovation observed in the packaging equipment and advancements in technology are further likely to increase product demand.

Key Segments Profiled in the Hand-held Capping Machines Market Survey

By Size:

Small
Medium
Large

By Cape Range:

10-24 mm
24-70 mm
15-83 mm
22-130 mm
38-130 mm

By Torque Range:

0-30 in. lbs.
5-70 in. lbs.
14-120 in. lbs.
20-200 in. lbs.

By Driven Input:

Electric
Non-electric

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

About Future Market Insights, Inc.

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

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Thermochromic Labels Market forecasted to register 6.4% CAGR during the forecast period 2022-2030

The market for thermochromic labels is anticipated to reach US$ 398.9 million in 2022 and is projected to grow at a CAGR of 6.4% from 2022 to 2030 to reach approximately US$ 653.7 million by 2030. The market is seeing an increase in demand for thermochromic labels due to their increasing use in end-use sectors such as food and beverage, pharmaceutical, cosmetic, and automotive.

The top 3 nations are predicted to control between 35 and 40 percent of the market by the end of 2022, which will lead to an increase in demand for thermochromic labels.

The integrity of pharmaceutical and healthcare products is anticipated to be guaranteed by labels printed using thermochromic ink. The demand for the product is anticipated to increase with a CAGR of 7.7% in the manufacturing sector as more companies implement these labels.

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What are the main trends influencing the market for thermochromic labels globally?
Rising Beverage Industry Demand Drives Market Sales of Thermochromic Labels Particularly in light of the use of cutting-edge labelling technology in the food and beverage business, innovation is probably going to be a crucial success factor in the thermochromic labels industry.

The growing use of thermochromic labels on consumer goods such alcoholic and non-alcoholic beverage cans and bottles is one of the key drivers driving the market expansion for these labels. When these smart labels come into touch with the desired specified temperature, their colour changes. Typically, this is done to establish and denote the ideal temperature for eating.

Competitive Landscape

Mergers and acquisitions have played a major role in the packaging industry and is continuously affecting the market dynamics. Key packaging players with strong cash flow and low expenditure are acquiring smaller players and partnering with end-user brands to generate significant revenues. Some of the recent mergers and acquisitions are:

In May 2022, CCL Industries, a global specialty packaging pioneer and the largest label company in the world acquired Floramedia Group B.V.
In March 2022, Avery Dennison Corporation acquired Catchpoint Ltd., which is a linerless label technology developing company based in Europe.

Key Companies Profiled

Avery Dennison Corporation
CCL Industries Inc.
Siltech Limited
Chromatic Technologies Inc. (CTI)
Gravic Group
LCR Hallcrest LLC
Eltronis
Multi-Color Corporation (MCC)
DeltaTrak, Inc.
E. Textint Corp.

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Thermochromic Labels Market by Category

By Label Type:

Reversible
Irreversible

By End Use:

Pharmaceuticals
Food & Beverages
Cosmetics & Personal Care
Media & Entertainment
Automotive
Other Manufacturing (Aerospace, etc.)

By Region:

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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

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Gift Boxes Market is likely to value at US$ 1897.2 Million in 2022

By the end of 2022, the market for gift boxes will have a value of US$ 1,897.2 Million. A CAGR of 6.2% has been predicted for the market over the forecast period of 2022 to 2032, with a predicted closing value of US$ 3,459.3 Million. The industry expanded at a value CAGR of 5.5% throughout the historical period of 2016–2021.

“The need for Gift Boxes is boosted by the growing popularity of the e-commerce sector in industrialised nations like the United States and Germany and the growing demand for the expansion of the gift box packaging industries.”

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Who Are The Key Players In The Global Gift Boxes Market?

Some major players in the Gift Boxes market are

Qingdao Hongrui Industry Co. Ltd,
Shenzhen Fuxiang Gifts & Packaging Co. Ltd,
Bayley’s Boxes,
Varanna Industries,
Shanghai Xianrong Packing Co., Ltd.,
Om Express Print Pack Private Limited,
Valtenna Industria Cartotecnia, and
Shenzhen Tianya Paper Products Co., Ltd.

The key development in the Gift Boxes market is as follows:

Chameleon Like launched a custom packaging and gift box line in October 2019 with a wide selection of 200 stock styles of gift boxes to fulfill dropship services in Houston.
CSS Industries, Inc., a manufacturer of seasonal and gift products, was acquired by IG Design Group PLC in 2020. This acquisition is likely to broaden the company’s product portfolio and establish its presence in the US craft market, as well as provide access to many new channels and markets.

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Gift Boxes – Market Dynamics

There are some factors which contribute to the growth of the gift box market, e-commerce is one of them. The increase in e-commerce market plays a significant role in the growth of the gift box packaging industries because they use gift boxes for the purpose of packaging the goods to provide the safe delivery of the product.

Gift boxes are no longer used only for the purpose of protecting the product from the damage, but it has some special quality such as durability, reusability and attractive look. Due to some better characteristic as compared to alternatives, gift box market is gaining popularity throughout the global market.

Few alternative options are available in the market for the gift packaging such as wrapper paper, bag etc. Over the past few years, e-commerce industry has emerged tremendously which has positively impacted the market for gift boxes. In addition to, paper or corrugated gift box is on trend due to the sustainability, and eco-friendly nature because they are easily recyclable and degradable.

Furthermore, the factors which are contributing towards the growth of gift boxes market is the rise in per capita income of consumers which has increased the investment of income on the gift. The logistics and transport market is expanding at a high pace and is emerging as an opportunity for future growth of the global box packaging market.

Why Is North America Emerging As An Opportunistic Gift Boxes Market?

The age-old American culture of personal gifting regularly, as well as rising customer inclination towards eye-catching packaging paper designs, are likely to drive sales of gift paper boxes. Because of the region’s greater consumption of gift-box papers for Christmas celebrations, North America is expected to hold a significant share of the global gift boxes market.

For instance, in 2017, Canadians spewed 540,100 tonnes of paper and gift boxes during the Christmas season. Besides this, the region’s high population spending on decorative objects contributes to greater consumption of gift boxes, papers, and other packaging accessories.

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Key Segments Covered In The Gift Boxes Industry Survey

Gift Boxes Market by Raw Material:

Plastic Gift Boxes
Paper Gift Boxes
Other Raw Material Gift Boxes

Gift Boxes Market by End Use:

Gift Boxes for Consumer Goods
Gift Boxes for Food and Beverages
- Bakery & Confectionary
- Alcoholic Drinks
- Frozen Desserts
- Others
Gift Boxes for Electronic Devices
Gift Boxes for Cosmetics and Personal Care Products

Gift Boxes Market by Product Type:

Slide Sleeve Gift Boxes
Telescopic Gift Boxes

Gift Boxes Market by Printing Technology:

Lithography Printed Gift Boxes
Flexography Printed Gift Boxes
Electrophotography Technology Printed Gift Boxes
Dry Toner Printed Gift Boxes
Liquid Toner Printed Gift Boxes
Inkjet Photography Technology Printed Gift Boxes
Other Printed Gift Boxes

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Freezer Bags Market is estimated at US$ 6,723.8 Million in 2032 | Future Market Insights, Inc.

In 2032, the market for freezer bags is projected to generate US$ 6,723.8 Million while growing at a CAGR of 3.8%. In 2022, the market is anticipated to be worth US$ 4,632.2 Million. The market showed a 2.5% growth rate between 2016 and 21. During the forecast period, the market is expected to profit from consumers’ increased preference for packaged food around the world.

Consumers’ rising disposable income and rapid urbanisation are expected to boost market expansion in the foreseeable future. Because of the quick pace of life, consumers now favour practical packaging techniques for keeping food so that there is less chance of infection.

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Competition Analysis

Key players in the global freezer bags market include

Thantawan Industry Plc.,
CeDo Ltd.,
Plastic Slovakia s.r.o.,
GELU- PLAST packaging films GmbH & Co.KG,
EURO – pac Unterrainer GmbH,
DUO-PAck Co. Ltd.,
Comcoplast Comco Commercial Cooperation GmbH,
Cofresco Frischhalteprodukte GmbH & Co. KG,
Forum-Plast GmbH,
Sun Plast (India),
Kerler GmbH,
Richmond Plastics Ltd.,

Simpac (U.K.), Shanghai Huitai Packaging Co,LTD., Teong Chuan Plastic(M) Sdn Bhd., Eddi-Plastic GmbH, American Bag Company, Ahrbach Verpackungen GmbH, Rudolf Klojer GmbH, mk Plast GmbH & Co. KG, and others.

CeDo Ltd. is a prominent manufacturer of food and freezer bags, designed for storing either raw or cooked food products. These come in a variety of formats, including resealable and zip slider forms. Other product offerings include fastgrip bags, tie handle food bags, wire tie food bags, food boxes and tubes and sandwich bags among others
Plastic Slovakia s.r.o is another player offering freezer and other bags manufactured from LDPE, HDPE and MDPE material. Their premium brand BALIS offers a range of bags and packaging items, including aluminum foils, baking paper and wrap foils for groceries

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Freezer Bags – Market Outlook

According to United States, Environmental Protection Agency (EPA) food waste accounts for 21.0% of the daily wate stream. According to EPA, more food reaches landfills and preventing this would help address climate change. Twenty percent of methane emissions in the U.S. come from landfills. Reducing food waste through proper storage and packaging solutions is the need of the hour.

Thanks to the availablity of deep freezer bags, food items and non-food items can be stored for longer durations without loss of aroma or freshness. Freezer bags comes in all shapes and sizes with different colours. They differ in thickness compared to standard zipper pouches. Zipper bags have higher thickness compared to standard zipper pouches.

Due to their high thickness, these bags can withstand extreme cold temperatures and do not form ice cubes at the outer surface of the food items.

What are the Factors Contributing to the Growth of the Global Freezer Bags Market?

The expansion of the food and pharmaceutical sectors is projected to play a salient role in developing the market growth during the forecast period. Benefits of freezer bags such as the lesser scope of punctures, increased thickness, better durability, and toughness. Thus, such bags are projected to gain significant traction and thus, grow the market in the forecast period. Increasing consumer preference for better storage and food packaging solutions and changing lifestyles are predicted to augment the market size in the coming time. The meat & poultry segment is anticipated to grow at a notable pace. This can be attributed to increased consumption of stored chilled meat.

Key Segments Profiled in the Global Freezer Bags Market

Freezer Bags Market by Product Type:

Flat Freezer Bag
Satchel Freezer Bag
Block Bottom Freezer Bag

Freezer Bags Market by Material:

HDPE Freezer Bags
MDPE Freezer Bags
LDPE Freezer Bags

Freezer Bags Market by Application:

Freezer Bags for Food
- Dairy Products
- Seafood
- Meat & Poultry
- Fresh Vegetables & Fruits
- Ready to Eat Food
- Others
Freezer Bags for Nonfood Articles

Freezer Bags Market by Region:

North America Freezer Bags Market
Latin America Freezer Bags Market
Europe Freezer Bags Market
Asia Pacific Freezer Bags Market
Middle East & Africa Freezer Bags Market

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Track And Trace Packaging Market is likely to account for US$ 3,977.9 by 2032

The global track and trace packaging market is anticipated to grow from US$ 2,285.1 million in 2022 to US$ 3,977.9 million in 2032, at a CAGR of 5.7%.

Track & trace packaging specifically addresses the issue of preventing the counterfeiting of delicate and susceptible products, which is a key concern across many industry sectors internationally and is driving up demand for it. As a result, there is a growing need for track and trace packaging because it is an essential tool in the fight against criminality that endangers consumers’ health and costs manufacturers money.

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What Strong is the Competition in the Track and Trace Packaging Market?

There is fierce rivalry among suppliers as a result of the abundance of small and major market players who provide goods for tracking and tracing applications.

The suppliers are working with other market participants and placing more emphasis on developing strategic alliances with their clients, in turn expanding their track and trace packaging market share.

Key Players

Robert Bosch GmbH.
ESS Technology Inc.
Optel Vision Inc.
PenWell Corporation
Siemens AG
Uhlmann Packaging Systems LP
Marchesini Group S.p.A

Track and trace packaging Market – Market Dynamics

One of the most significant developments for the food and drug industries is the implementation of track and trace systems in packaging.

One of the significant factor contributing to the growth of track and trace packaging market is the increasing consumer awareness for secured and reliable products. Manufacturing companies with the use of track and trace packaging can now preserve their USP related to the product.

Additionally, technological advancement, new application areas and improved supply chain are some of the other drivers expected to contribute to the demand for track and trace packaging market over the forecast period. Moreover, increasing government regulation and emphasis laid on eradicating counterfeit good in emerging and developed economies is set to further drive the market by 2024 end.

However, high cost involved in implementing track and trace packaging and apprehension among the manufacturers about the security features of track and trace packaging is expected to restrain the growth of this market

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Track and trace packaging Market – Regional Outlook

Geographically, the global track and trace packaging market is segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). Among regions mentioned above, North America accounts for significant share and is expected to maintain its dominance during the forecast period.

The dominance of pharmaceutical packaging industry is the key factor contributing to the growth of track and trace system market in North America compared to other region. Government regulations minimizing the counterfeiting practices in the food & beverage and pharmaceutical products is another factor attributing to the growth of track and trace system market in the region.

Asia-Pacific is anticipated to grow at a significant rate over the forecast period, owing to the rapid industrialization in the region and promising future for pharmaceutical industries in the region. Overall, the global track and trace market is anticipated to register a healthy CAGR over the forecast period.

Key Segments Profiled in the Trace and Track Packaging Market Survey

By Printing Type:

Inkjet
Laser Marking
Thermal Transfer

By Product Type:

Radio-Frequency Identification (RFID)
Barcode Reader and Real Time Locating System

By End Use:

Food & Beverages
Pharmaceutical
Automotive
Electrical and Electronics
Consumer Goods
Cosmetic & Personal Care
Others

By Region:

North America
Latin America
Asia Pacific
The Middle East and Africa
Europe

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High Barrier Lidding Film Market is estimated to boom at a CAGR of 5.9% during the forecast period 2022-2032

The market for high barrier lidding film is expected to reach a value of US$2,203.7 million in 2022. Sales of high barrier lidding film are projected to grow at a CAGR of 5.9%, reaching a value of US$ 3,909.4 million, because to its great performance, low weight, attractive packaging, and attractiveness over the forecast period (2022-2032). During the previous year, high barrier lidding film sales climbed globally at a 3.2% CAGR (2017–2021).

The way food is packaged affects the entire production process. Contamination at the packaging stage is typically overlooked when it comes to food safety because the focus is on food preparation, even though packaging is already acknowledged as a quiet salesperson for manufacturers. Yogurt, soup, meats, cheese, and other food items are typically stored in containers that are frequently sealed with plastic bowls, cups, trays, and lids. Laminated materials such as foil, paper, polyester, PET, or a number of other metalized and non-metalized materials are widely used to provide high barrier lidding. They are designed to keep food products secure so they can remain on store shelves for longer.

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Key Players

Bemis Company, Inc.
DuPont Teijin Films US Limited Partnership
TCL Packaging Ltd
Golden Eagle Extrusions, Inc.
Sealed Air Corporation
Toray Plastics (America), Inc.
Schur Flexibles Holding GesmbH
Multi-Pastics, Inc.
Mondi Group
Clifton Packaging Group Ltd

High Barrier Lidding Film Market: Drivers and Restraints

The market for high barrier lidding films is anticipated to be driven by growth in the consumption of packaged food and beverages products across the globe. Customer preference for ready, fresh food and beverages packed in various sized trays and cups under low-oxygen MAP is fueling the growth of the global high barrier lidding films market.

However, environment as the biggest concern over the years, Biodegradability has emerged as major challenges and has hampered the growth of high barrier lidding films market to a large extend. With various government and non-government organizations continuously promoting the development of bio-based materials, it has also emerged as a significant opportunity for market players to develop biodegradable high barrier lidding films.

The High Barrier Lidding Film Market is Attributed to the Increasing Demand for Packaged Food and Beverages.

The consumption of packaged food and beverages is expected to increase globally, which is expected to boost the market for high barrier lidding films. Fresh food and drinks packaged in various-sized trays and cups under low-oxygen MAP are becoming increasingly popular with consumers, which is positively driving the growth of the global high barrier lidding films market.

Due to their busy lifestyles, customers constantly seek for handy goods like ready-to-eat foods and microwave cooking, which may considerably fuel market expansion.

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High Barrier Lidding Film: Market Segmentation

High Barrier Lidding Film Market by Product Type:

Cup High Barrier Lidding Films
Tray High Barrier Lidding Films
Top-Web High Barrier Lidding Films

High Barrier Lidding Film Market by Material Used:

Polyethylene (PE) High Barrier Lidding Films
Polypropylene (PP) High Barrier Lidding Films
Polyethylene Terephthalate (PET) High Barrier Lidding Films
Polyvinyl Chloride (PVC) High Barrier Lidding Films

High Barrier Lidding Film Market by Application:

High Barrier Lidding Films for Food and Beverages
High Barrier Lidding Films for Pharmaceuticals
High Barrier Lidding Films for Cosmetics
High Barrier Lidding Films for Consumer Goods

High Barrier Lidding Film Market by Region:

North America High Barrier Lidding Film Market
Latin America High Barrier Lidding Film Market
Europe High Barrier Lidding Film Market
Asia Pacific High Barrier Lidding Film Market
Middle East and Africa High Barrier Lidding Film Market

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Automotive Labels Market is projected to reach a valuation of US$ 11,245.6 Million by 2032

The market for automotive labels is anticipated to reach a value of US$ 7,290.5 million in 2022 and grow at a moderate CAGR of 4.3% over the same period. By 2032, the market is projected to increase to a value of US$ 11,245.6 million. According to Future Market Insights’ data, the historical CAGR was 3.5%. According to definitions, labelling is the process of giving things brief names to distinguish them from one another or other brands. Automotive labels are used in the industry to distinguish brands from one another and build a reputation for themselves.

Recent Development

A recent development identified in the automotive labels market is:

In March 2019, Linker announced the launch of its service to deliver AI-based auto-labeling with continuous learning for the autonomous driving industry. Linker’s auto-labeling technology is integrated with Microsoft Azure cloud services and is designed to deliver a seamless and scalable solution to pre-process datasets used for machine learning in vertically integrated industries such as autonomous driving.

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Some of the biggies revolutionizing the automotive labels market are:

3M
Adhesive Research, Inc.
AVERY DENNISON CORPORATION
CCL Industries
Dunmore
H.B. Fuller Company
Imagetek Labels
Lewis Label Products Corporation
Sika AG
UPM Raflatac

Driving Factors Propelling The Market Growth For Automotive Labels

A large number of factors are contributing majorly to the expansion of the automotive labels market, which is likely to fuel a steady growth of the concerned market in the coming years.

Recognition of information: Automobile labels are used for recognizing information written or printed on a cloth, polymer, paper, or other material attached to a particular vehicle’s parts. These labels are manufactured to withstand harsh weather conditions and provide identification, safety, usage information, and dating for consumer verification.

These labels are manufactured with acrylic films available in white lettering or black lettering. Thus, the ability of these labels to withstand any weather and the customized design requirements are anticipated to bring extensive growth to the automotive labels market.

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Automotive Labels Market – Dynamics

The automotive labels market is likely to get traction owing to the demand for active and smart labels during the forecast period. Rising demand for sustainable labels manufacturing techniques is also a major driving aspect for the growth of automotive labels market. Automotive labels market witnesses various prominent trends such as increasing demand for radio frequency identification (RFID) labels, latest technological developments in dermatology devices, and high growth in developing economies.

Automotive labels manufacturers provide a wide range of labelling mechanism which includes heat transfer labelling, pressure sensitive labelling, glue applied labelling, in-mold labelling and some other mechanisms. Automotive labels are durable and manufactured with UL listed vinyl and polyester label face sheet and many other adhesive combinations that make the label work for long term applications.

The automotive labels can be wrapped around the container for tamper evident safety. An attractive automotive label adds to the brand awareness of the product. Therefore manufacturers continue to provide eye catching labels to compete in automotive after-market stores.

Automotive Labels Market – Dynamics

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Key Segments In The Automotive Labels Market

By Material Type:

Polyethylene (PE)
Polyethylene terephthalate (PET)
Acrylonitrile butadiene styrene (ABS)
Polypropylene (PP)
Polyvinyl chloride (PVC)
Polycarbonate (PC)
Others

By Mechanism:

Glue applied labels
Pressure-sensitive labels
Heat transfer labels
In-mold labels
Others

By Application:

Engine components
Interior
Exterior
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Polywoven Bags Market is projected to grow at a CAGR of 4.6% during the forecast period 2022 – 2032

The market for polywoven bags, which had a value of US$ 4991 million in 2022, is projected to reach US$ 7801.3 million in 2032 and develop at a CAGR of 4.6% over the course of the forecast period.

The demand for polywoven bags is anticipated to increase due to the growing requirement for product storage as well as a number of other considerations. The fact that polywoven bags significantly contribute to guaranteeing product safety by extending the shelf life of the stored goods is what drives their sales.

Who are Some of the Key Market Players in the Polywoven Bags Market?

Some of the key players in the polywoven bags market are:

H Polesy & Co Pty Ltd, LC Packaging,
Mondi Group,
Anita Plastics Inc.,
Knack Packaging,
AEP Industries Inc.,
Interplast Group,
Hanoi Plastic Bag JSC,
Da Nang Plastic Joint Stock Company,
Bischof & Klein GmbH & Co,
Inova Pvt. Ltd., and
Daman Polyfabs.

Currently, all the key players are working towards providing sustainable solution for packaging. They are looking for ways to ensure that minimum wastage is generated from the production process, and the world remains a cleaner place to dwell.

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In June 2022, Mondi group’s stand-up retort pouch recyclable scoops Swiss Packaging awards, thereby demonstrating packaging innovation and creativity.
In April 2022, LC packaging and M B Nieuwenhuijse collaborated with Plastic Bank to help turn the tide on ocean plastic to secure a sustainable future for the generations to come.

Global Polywoven Bags Market: Drivers and Restraints

Polywoven bags carry advantages such as re-usability, Durability, light in weight, waterproof with a laminated film coating, tear resistant, low in cost over other packaging solutions that are available in the market. Thus, this factors majorly drive the global polywoven bags market across the globe.

The rise in population leading to the increase of urbanization is anticipated to fuel the demand for agricultural production across the world, and hence polywoven bags market is estimated to witness a significant growth rate over the forecast period. On the other hand, constant fluctuations in prices of raw material are expected to hinder the demand for polywoven bags.

Also, manufacturing of polywoven bags to a large extent is dependent on the agricultural production in the corresponding regions. These factors act as restraining forces that can hinder the growth of global polywoven bags market. 

Global Polywoven Bags Market: Regional Overview

Geographically, the global polywoven bags market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).

As compared to other regions, Asia-Pacific region is expected to dominate the global polywoven bags market over the forecast period. Increase in agricultural production owing to satisfy the needs of growing population in the developing economies like India & China is the primary reason to drive the growth of polywoven bags market in this region.

Also, increase in demand for construction materials such as cement, sand has led to growth in the application for polywoven bags in Asia-Pacific region. North America and Europe regions have a matured market for polymer manufacturing companies, and thus, the demand for polywoven bags is expected to show a steady rate of growth over the forecast period.

Latin America region is the one of the largest exporter of agricultural produce across the globe, and hence polywoven bags market in this region is expected to show an exponential growth.  Growth in infrastructure development with an increase in requirement of construction material in the Middle-East and Africa has led to the growth of polywoven bags market. Overall, the global polywoven bags market is expected to grow at a healthy CAGR over the forecast period 2017-2025 

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Key Segments Profiled in the Polywoven Bags Market Survey

By Product:

Linear Polywoven Bags
Non-Linear Ploywoven Bags

By Material:

Polypropylene
Polyethylene

By Application:

Fertilizer bags
Flour bags
Seed bags
Solid chemicals
Cement bags
Sugar/Salt Packaging bags
Sand bags

By Region:

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

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Container Stacking Machine Market is forecast to register a 4.2 % CAGR during the forecast period 2022 – 2032

In 2022, the market for container stacking machines will likely be worth US$2,307.9 Million. Global demand for container stacking machines has increased as a result of increasing marine traffic and the ongoing need for effective port container placement solutions. The market is anticipated to grow at a CAGR of 4.2% from 2022 to 2032 and reach a worth of US$ 3,482.6 Million.

“Continuous growth in commodity exports has greatly increased the need to preserve space at the international ports. To increase labour efficiency and container stacking management, major manufacturers continuously invest in stack reacher feature enhancement.

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Market Competition

Some of the key participants present in the global Container Stacking Machine market include

Baltkran,
Hyundai same crane division,
Kenz figure,
Konecranes,
Kunz, Liebherr international Deutschland,
Mitsui Engineering & Shipbuilding,
Paceco,
Tab Gmbh Rostock,
TCM by Unicarriers,
Terex, and ZPMC, among others.

Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as Baltkran, Hyundai same crane division, Kenz figure, Konecranes, Kunz, and Liebherr international Deutschland, account for a considerable market size, several regional level players are also operating across key growth regions, particularly in Europe.

Recent Development

In July 2021, Hyundai Infra Solutions (HIS) was launched through a vertical spin-off to specialize its existing business, strengthen its competitiveness, and gain new growth momentum. The Hyundai Infra Solutions spin-off will allow HSHI to focus on the construction of ships, meanwhile, HIS will be dedicated to manufacturing cranes and bulk handling plants.
In June 2021, Liebherr launched a new LHM mobile harbor crane 800 for Veemnatie in Antwerp to increase the handling capacity. Veemnatie NV is a joint venture between 5de Havendok NV and Steinweg in Belgium.
In June 2021, Konecranes launched a new generation of energy-efficient mobile harbor cranes. Generation 6 marks the first comprehensive revamp of Konecranes Gottwald’s mobile harbor crane portfolio in 15 years.

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Market Dynamics on Container Stacking Machine Market

Drivers:

Many factors drive the global container stacking machine market and some of the key factors which are highlighted are end to end service offering by container stacking machine market which makes it a stand out point of differentiation.

Along with the need to evolve from the earlier traditional way of doing business to IT support channels and this is possible with the enormous investment made by container stacking machine manufacturers which lead to a unique experience on business to business level. These is equally supported by the flexibility based charging to address the business uncertainty and to reduce risk from the distributers.

Restraints:

At the same time, the variation in supply and demand is the main reason that creates an imbalance which leads to volatility in revenue of container stacking machine market. Along with the high rate of unused containers which poses a serious fall back to container stacking machine market.

One of the worst prudence faced by small players is squeezing of the market in a dirty price war game in which the major players dominate the market eventually leaving small players with no chance of profit which indirectly pushes them on the verge of closure. And also a sudden change in the dependent factors such as gases, etc which automatically affect the demand of correlated industries such as food and beverages which rely heavily on container stacking machine market.

As per the statically data published by world trade organization of the last decade, regions such as Asia, Europe and North America itself accounted for more than 80 percentage of trade. Merchandise trade between the developing nations has also significantly increased, showing positive signs of growth in regions of Asia. 

Brazil, China and India are a point of interest in coming years. With strong initiatives taken by the developing nations, it is bound to have a positive impact on packaging industry and eventually container stacking machine market.

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Which Are Some Prominent Drivers Spearheading Container Stacking Machine Market Growth?

The constantly increasing containerized trade, coupled with the rising trend of port automation to cope up with the increased demand, has led to automated equipment for container handling being offered, which, in turn, is driving the demand for container stacking machine market globally.

In addition, to meet the stringent emission norms, machines with higher fuel efficiency, and lower or zero emissions are in demand, which are expected to escalate the growth of the Container Stacking Machines Market over the analysis period.

Millions of goods containers from different industries, such as automotive, chemicals and materials, petrochemicals, and consumer goods, are traded every year around the globe.

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Oncology Information Systems Market is expected to grow to US$5.4 Bn by 2032 | FMI

[333 Pages Report] The oncology information system market is expected to expand at a 7.8% CAGR. The oncology information system market is expected to grow from USD 2.59 billion in 2022 to USD 5.48 billion by 2032.

The increasing incidence and prevalence of cancer, as well as the growing need to reduce the cost of cancer care, are driving the oncology information system market growth, as are the potential benefits offered by oncology information systems in cancer treatment, management, and planning.

Attributes	Details
Oncology Information Systems Market CAGR (2022-2032)	7.8%
Oncology Information Systems Market Size (2022)	USD 2.59 Billion
Oncology Information Systems Market Size (2032)	USD 5.4 Billion

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The oncology information system market includes software and services used for comprehensive information and image management, which aids in the management and optimization of cancer patient profiles and treatment.

Leading oncology information system marketplayers’ sales and operating incomes have decreased as a result of COVID-19. Inventory was reduced as a result of tight production controls.

The rising incidence of cancer cases is one of the major factors driving the oncology information system marketgrowth. There are a few other factors driving the oncology information system market key trends and opportunities, such as the growing need to reduce oncology care costs and the growing adoption of oncology information system along with electronic health records (EHR) and other oncology information systems.

A major impediment to implementing OIS solutions in hospitals is a lack of qualified resources influencing the oncology information system market future trends along with oncology information system market opportunities. Currently, the demand for healthcare IT professionals outnumbers supply in both developing and developed oncology information system market, including the United States and Europe.

Asia Pacific accounted for 17.8% of the oncology information system market. The Asia Pacific oncology information system market is expanding due to several factors, including rising cancer prevalence and increased investment in the implementation of IT solutions in healthcare settings which h influences the oncology information system market adoption trends.

KEY TAKEAWAYS:

The oncology information system market has been divided into two segments: solutions and professional services. The solutions segment accounted for the majority of revenue i.e. 73.4%.
The solutions segment is further subdivided into patient information systems and treatment planning systems, with the latter accounting for the lion’s oncology information system marketshare.
Medical oncology accounted for the largest oncology information system marketshare of global revenue, accounting for 61.4% of total revenue.
In 2021, the North America regional oncology information system market had the highest oncology information system marketshare’s revenue of 38.5%.
The software segment accounted for 83.6% of the product and service oncology information system market.
Radiation oncology accounted for 53.8% of the oncology information system market.
Asia Pacific accounted for 17.8% of the oncology information system market.

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COMPETITIVE LANDSCAPE:

Key oncology information system marketcompanies are primarily focused on incorporating technological innovation with the introduction of web-based oncology solutions and AI-based oncology information system solutions with the goal of improving the treatment regime, which is expected to positively impact oncology information system marketgrowth in the near future.

Prominent Players :

Elekta AB
Accuray Inc.
Varian Medical Systems
RaySearch Laboratories
Cerner Corp.
BrainLab
Philips Healthcare
Prowess, Inc.
DOSIsoft S.A.
ViewRay Inc.
MIM Software
Flatiron

RECENT DEVELOPMENT:

Varian Medical Systems, Inc. announced a USD 10.0 million investment and a strategic collaboration agreement with COTA, Inc., a curator of clinical data in the oncology sector, in 2020.
Siemens Healthineers (Germany) completed the acquisition of Varian Medical System in August 2021. (UK). The goal of this acquisition was to create a one-of-a-kind, highly integrated portfolio of oncology information system workflow.
Koninklijke Philips N.V. (The Netherlands) and Elekta (Sweden) will collaborate in June 2021 to develop advanced, comprehensive, and personalised cancer care through precision oncology information solutions.
McKesson Corporation (US) has launched Ontada, an oncology technology and insights business dedicated to advancing cancer research and care, in December 2020.

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Key Segments

By Product:

Solutions
- Patient Information Systems
- Treatment Planning Systems
Professional Services

By Application:

Medical Oncology
Radiation Oncology
Surgical Oncology

About FMI:

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

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