Market Research Blog

In the recent years, the printing industry has seen significant growth due to adoption of better printing technology, which increases aesthetic look of the product. Photographic paper is layered with a light sensitive chemical that is used for creating photographic prints. Photographic paper when exposed to light can capture the image/picture and can be developed as a visible picture. Photographic paper is mainly made of fiber-based paper (FB) and resin-coated paper (RC) with baryta layer (barium sulfate) as a photographic emulsion.

In addition, photographic paper also helps in developing image on the paper only by fixing and clearing. Furthermore, photographic paper can also imprint high-quality image in order to replicate a better captured object. Due to excellent high-quality imaging on photographic paper, it can be used for making hoardings, posters, magazines, etc.

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The U.S. Poison Prevention Packaging Act (PPPA) of 1970 defines child resistant packaging as – “Significantly difficult for children under five years of age to open or obtain a toxic or harmful amount of the substance contained therein within a reasonable time and not difficult for normal adults to use properly.”

The risk associated with the accidental ingestion of hazardous materials by kids, has long influenced research and innovation in packaging design to create child resistant solutions. Child resistant packaging is defined as special packaging solutions, the contents of which cannot be accessed by kids under the age of 52 months, by virtue of their design. However, it is also important that the same can be used properly by adults, up to 70 years of age.

The idea of child resistant packaging is not very old. Child resistant reclosable packs have been in the market since the mid-1970s, and were first introduced in the U.S. The same were exported to European countries and have achieved high acceptance, across the world. Since their inception, child resistant bottles have undergone improvement at design levels.

The ultimate objective of design level innovations in child resistant bottles is to increase the resistance to opening of the packs by kids, yet maintaining a consumer-friendly design, which can be easily handled by adults.

Global child resistant bottles market: Research Methodology

A robust methodology was adopted to arrive at the market size for child resistant bottles. Both supply-side and demand-side analysis were performed for the same.

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PVC as a material has had turbulent times in terms of market acceptance. The government in many countries have agreed to restrict or ban the use of PVC in packaging and other applications, owing to its negative impact on human health. A number of countries such as Canada, Spain, South Korea, and Czech Republic, among others have decided to ban or restrict PVC packaging.

Several cities in the U.S., such as, Rahway, NJ and Glen Cove, New York have mandated that food packaging and utensils be PVC-free. The state of California has introduced the legislation to ban PVC, in 2009. A number of U.S. states have prohibited the use of certain metals packaging, which are specifically found in PVC packaging. As a result, many manufacturers have introduced PVC-free packaging formats to cater to the rising demand for such items. Give below are a list of PVC bans/restrictions implemented by key countries

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Global PVC-free packaging market: Research methodology

A robust methodology was adopted to arrive at the market size for PVC-free packaging. Both supply-side and demand-side analysis were performed for the same.

According to FMI research, during the forecasted period, the global thermoformed trays market is predicted to reach a valuation of US$ 6.8 Bn in 2022 and is expected to grow at a CAGR of 4.4% and anticipated to reach a valuation of US$ 10.4 Bn till the year 2032.

Plastics have become an important part of the packaging in today’s world. In the next few years, plastics will become a larger share of the packaging industry. As technology advances, various technologies have been utilized, developed and perfected to provide plastic-based packaging relevant to various industries. One of these techniques is thermoforming, which uses vacuum and/or pressure to form plastics into various shapes and sizes.

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Key Players in Thermoforming Trays Market are HLP Klearford, Klöckner Pentaplast Group, Transparent Container, Inc., Tray-Pak Corporation, Dordan Manufacturing Company, Lacerta group, Inc., Macpac Ltd., Nelipak Healthcare, Sonoco Products Company, Placon .

FMI deploys digital intelligence solutions to provide powerful insights to report buyers that help them overcome market challenges, especially in times of crisis. Our dedicated team of experts conduct extensive research to gather accurate information relevant to the market.

Thermoforming Tray Market Segmentation:

On the basis of product type, the Thermoforming Trays market is segmented into:

standard tray

tray insert

cushion tray

shelf display tray

Etc

On the basis of end-use, the Thermoforming Trays market is segmented into:

food and drink

Electronic products

medicine

health care

cosmetics

horticulture

Based on Material Type, the Thermoforming Trays Market is segmented into:

PP

Pets

HDPE

hip

PVC

LDPE

ABS

Etc

In its upcoming business report, FMI details the historical and current scenarios of the global Thermoforming Trays Market in terms of production, consumption, volume and value . This report studies the market into different segments, regions and players based on demand patterns and growth prospects.

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Highlights of the report

Growth Drivers and Opportunities: Comprehensive analysis of growth drivers and opportunities for market players in various regional markets

Recent Trends and Forecasts: A detailed assessment of the latest trends, technological developments and forecasts over a 5- or 10-year period.

Segment Analysis: What differentiates the role of these segments in an extensive analysis of each segment and market revenue forecasts and growth rate analysis

Regional Market Forecast: A thorough analysis of each regional market to provide stakeholders with the information they need to make important decisions

Competitive landscape: Comprehensive insights into key and emerging players competing for a piece of the Thermoformed Trays Market

The global fiber based packaging market is forecasted to be appraised at US$ 437,124.3 Million by 2032, up from US$ 319,012.7 Million in 2022, advancing at a CAGR of 3.2% during the forecast period. The fiber based packaging market is likely to grow owing to the shift in the approach of buying and producing/selling products by consumers and manufacturers, respectively, as a result of rising concerns regarding global warming.

Environmental impact of non-recyclable materials has led to a global reconsideration of industrial outputs. This has led to the advent of packaging that complies with international and national environmental protection guidelines. The rising demand for sustainable packaging from the consumer side also calls for producers to adopt the same. Fiber based packaging is one of the most relevant forms of sustainable packaging.

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Fiber based packaging utilizes renewable, reusable or biodegradable materials in the process of product packaging. Fiber based packaging is used in primary, secondary and tertiary packaging. Fiber based packaging is widely being used in the chemicals, food & beverages and constructions industry. Stringent regulations levied on the packaging industry also call for more sustainable forms of packaging.

Fiber based packaging Market- Market Dynamics:Due to the evident concern of global warming, we have witnessed a shift in the way consumers and manufacturers approach buying & manufacturing/selling of products respectively. As the demand for sustainable products has risen, the supply has also kept up. Manufacturers have widened their product portfolio to include sustainable products. This has led to the development of sustainable packaging. Fiber based packaging forms a major chunk of sustainable packaging. Fiber based packaging is widely used in packaging of consumer goods, electronics, food & beverages etc. With the rising disposable incomes, fiber based packaging market is bound to witness a rise in growth during the forecasted period of 2016-2026. Millennials and Generation – Y prefer packaging to be sustainable because of their upbringing involving constant reminders of environmental degradation. Fiber based packaging is attractive to these segments of consumers and they are also willing to pay more for the same. 

Fiber based packaging Market- Regional Outlook:

In terms of geography, the fiber based packaging market has been divided in to five key regions; North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. China, India, other East Asian countries and Latin America will show a strong growth in fiber based packaging market through the forecasted period of 2026-2026. The Asian and Middle Eastern market is largest with regards to fiber based packaging. Steady growth in the mature markets is also expected through the forecasted period of 2016-2026.

Fiber based packaging Market- Major Players:

Some of the key players in the fiber based packaging market are Evergreen packaging, Omya AG, Orora Packaging Australia Pty Ltd, Stora Enso AB, Huthamaki Group, UFP Technologies, Inc., Bumaga BV, Oji Fibre solutions, Westrock Company, Ahlstrom Corporation.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections done using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type, machine size and end use.

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The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Fiber based packaging Market- Segmentation:

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

• Paper boards
• Corrugated packaging
• Industrial bags
• Displays
• Cushioning
• Supports
• Extrusion coatings
• Release liners

Based on end use, the Fiber based packagingmarket is segmented into:

• Chemicals
• Food & Beverages
• Consumer electronics
• Construction
• Others

Based on the discard process, the Fiber based packagingmarket is segmented into:

• Recyclable
• Reusable
• degradable

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Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

The global electrostatic discharge (ESD) packaging market is set to enjoy a market valuation of US$ 1.9 Bn in 2022, and is further expected to accelerate at a CAGR of 5.3% between 2022 and 2032, reaching around US$ 3.1 Bn by 2032. Rising need for protecting electro-sensitive products or devices during shipping and transportation is a key factor driving demand for electrostatic discharge packaging products in the market.

Deepening internet penetration has accelerated the adoption of various electronic and IoT devices with a view to streamline production and operational efficiency. Hence, production of integrated circuit boards, chips and other material has risen, providing immense scope for expansion of electrostatic discharge packaging solutions.

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Prolific developments are expected in the automobile manufacturing segment, with companies seeking to leverage automation and cloud computing systems to generate greater output. However, near-term prospects appear sluggish in the wake of the COVID-19 pandemic.

Key Takeaways from FMI’s ESD Packaging Market Report

• ESD packaging bags continue to witness high demand
• Electrical & electronic components manufacturing to witness high adoption of ESD packaging
• North America to emerge as market hegemon, East Asia to be the fastest expanding market
• Presence of metallic powder in ESD packaging is likely to impede adoption, owing to high possibility of component damage

“Vendors are relying on customization of product offering to cater to multiple industries, thereby enhancing their future revenue prospects,” comments the FMI analyst.

COVID-19 Impact Analysis

The COVID-19 pandemic has had varying impacts on the growth prospects of electrostatic discharge packaging across different end-use industries. While uptake across electronics and electrical goods manufacturing has surged, industries such as manufacturing and automotives have registered substantial decline in the past few months.

In the former case, growth has remained sustained due to the enforcement of work from home guidelines by various business organizations. This has stimulated demand for IoT devices such as smartphones and laptops. Hence, production of these devices’ internal assembly parts has accelerated, broadening revenue prospects for ESD packaging solutions.

In the latter scenario, falling production and output levels as a consequence of government-enforced shutdowns has stalled demand for IoT devices in these sectors. Thus, sales of ESD packaging solutions have suffered a substantial fall. This sluggishness is expected to prevail until 2021-end.

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Competitive Landscape

A plethora of manufacturers operate within the ESD packaging landscape. Some prominent vendors include, but are not restricted to: Conductive Containers Inc., Tandem Equipment Sales Inc., Elcom (UK) Ltd., Global STATCLEAN SYSTEMS and NEFAB Group among others.

Amongst all strategies deployed by the abovementioned market players, it has been discovered that offering customized packaging solutions is the best approach in order to withstand the high degree of competition within the market.

Furthermore, vendors are capitalizing on mergers and acquisitions in order to cope with the ever changing market scenario across the most lucrative growth regions. Product innovation is yet another approach adopted by several players.

Industrial Pails & Drums Market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.

As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Industrial Pails & Drums Market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Industrial Pails & Drums Market in the coming 10-years.

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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Industrial Pails & Drums

With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of packaging solutions is experienced across various end use industries.

In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.

Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Industrial Pails & Drums Market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

Key Industrial Pails & Drums Market Takeaways and Projections

• The U.S. is expected to lead the North America Industrial Pails & Drums Market, projecting the fastest growth in the region between 2022 and 2032
• Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
• China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
• India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
• On the basis of Segment it is projected to hold the maximum share in the market, expanding at a remarkable CAGR during the coming decade.

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Report Benefits & Key Questions Answered

• Industrial Pails & Drums Historical Market Analysis: The detailed survey by FMI, examines key factors in the Industrial Pails & Drums market that affected the growth in the market for the last assessment period 2017-2021 and also studies their consequent impact. It also provide refined the sales projection of the Industrial Pails & Drums market for the forecast period 2022-2032.
• Industrial Pails & Drums Category & Segment Level Analysis: The category & segment level analysis conducted by FMI studies the market in terms of segments .It studies the vital dynamics across each segment and also highlights their growth prospects in the coming ten years.
• Industrial Pails & Drums Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Industrial Pails & Drums for the assessment period. As per the study, the demand for Industrial Pails & Drums will grow at a robust CAGR between 2022 and 2032.
• Industrial Pails & Drums Market Trend Analysis: The latest study by FMI on the Industrial Pails & Drums Market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Industrial Pails & Drums Market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

• It also provides a list of leading players and recent development in the global Industrial Pails & Drums Market. Some of the prominent market players are
• Grief Inc.
• Mauser Packaging Solutions
• Industrial Container Services
• Delta Containers Direct Limited
• FDL Packaging Group
• ZBR Packaging Materials Company Limited
• Myers Containers
• CL Smith
• Schoeller Allibert Services B.V.
• Alpla Werke Alwin Lehner GmbH & Co KG
• Vestil Manufacturing Corporation

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Industrial Pails & Drums Market by Category

By Material, Industrial Pails & Drums Market is Segmented as:

• Plastic
• Metal

By Capacity Type, Industrial Pails & Drums Market is Segmented as:

• Up to 100 litres
• 101 to 500 litres
• 501 to 1000 litres
• Above 1000 litres

By End Users, Industrial Pails & Drums Market is Segmented as:

• Chemical & Fertilizers
• Oil & Lubricants
• Food & Beverages
• Paints, Inks & Dyes
• Pharmaceuticals
• Automotive
• Building & Construction
• Other Consumer Goods