High Density Polyethylene (HDPE) Bottles Market – Future Scenario, Key Insights, Top Companies 2032

The global high density polyethylene (HDPE) bottles hold a forecasted share of US$ 52533.5 million in 2022 and are likely to surpass US$ 73390.9 million by 2032, moving ahead with a CAGR of 3.4% during the forecast period.

As explained in a new research study presented by Future Market Insights, the global HDPE bottles market will demonstrate passive growth over the next few years; however, increasing inclination toward the adoption of HDPE as a raw material over conventional thermoplastics is likely to be witnessed.

High-density polyethene (HDPE), one of the most durable and versatile forms of thermoplastics, is gradually gaining the title of preferred packaging material at a sluggish pace.

While the top sought attributes of HDPE include high strength-to-density ratio, weatherproof nature, chemical resistance, lightweight characteristics, and economical price point, it, more importantly, meets the FDA and USDA standards that are mandatory, especially in case of the use of HDPE bottles in food and beverages sector.

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High Recyclability Accounts for Growing Popularity of HDPE Bottles

Low quantity chemicals as well as drugs used for household or OTC applications are generally packaged in HDPE bottles. A widely preferred container for chemical products, HDPE bottles are highly recyclable.

As the recycling process is relatively less complicated and more efficient, packaging manufacturers are gradually inclining towards HDPE as a raw material for packaging a range of products.

Being one of the most considerate and least permeable packaging formats, HDPE bottles are likely to find widening applicability in packaging.

Asia Pacific Secures the HDPE Production Hub Title for Manufacturers of HDPE Bottles

The Asia Pacific, especially China, has been contributing significantly to the global HDPE production capacity over the years and according to FMI’s study, APAC remains a significant HDPE producer shortly. North

America and Europe also stand important in sustaining the HDPE production scenario, whereas the report indicates the promising performance of the Middle Eastern & African region.

Leading Companies Profiled in HDPE Bottles Market are:

  • Gerreshemier AG
  • Berry Global Group Inc.
  • Silgan Plastics Closure Solutions
  • Berk Company LLC
  • Amcor Ltd.
  • CL Smith
  • RPC Group Plc
  • Graham Packaging
  • Nampac Limited
  • ALPLA Werke Alwin Lehner GmbH & Co KG

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HDPE Bottles Find Growing Applications in Personal & Home Care Products and Cosmetics

HDPE bottles are prominently used in the F&B, automotive, personal care & hygiene, and household care segments. Besides F&B, pharmaceuticals also register a decent rate of adoption of HDPE bottles owing to being reliable in terms of the safety of packaged food and beverage products.

The study points to dramatically growing per capita expenditure on personal care and beauty products worldwide, especially in developing economies. Escalating sales of bath and shower products, dermatological products, and essential toiletries are translating into increasing volume sales of HDPE bottles.

Globally, over 100,000 HDPE bottles are expected to be sold by this year’s end. Growing consumer spending power is playing a vital role in popularizing the usage of HDPE bottles among packaging companies serving the personal care and cosmetics industry.

Moreover, the widening expanse of Ecommerce is encouraging demand for HDPE bottles for a plethora of products across industries.

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HDPE Bottles Market by Category

By Cap Type:

  • Screw Closures
  • Snap Closures
  • Push-Pull Closures
  • Disc Top closures
  • Spray Closures
  • Dispensers
  • Dropper

By Bottle Capacity:

  • Less than 30 ml
  • 31 ml – 100 ml
  • 101 ml – 500 ml
  • 501 ml – 1Lt
  • Above 1Lt

By Visibility:

  • Translucent
  • Opaque

By Neck Type:

  • Narrow Mouth Bottles
  • Wide Mouth Bottles

By End-user Industry Type:

  • Food & Beverages
    • Dairy Products
    • Juices
    • Others
  • Chemical
    • Agro Chemicals
    • Industrial Chemicals
    • Lubricants & Petrochemicals
  • Specialty Chemicals
  • Pharmaceuticals
  • Personal Care & Cosmetics
  • Homecare & Toiletries

By Barrier Type:

  • Low-barrier Bottles
  • High-barrier Bottles
    • Fluorinated Bottles
    • Polyamide (PA) Layer Bottles
    • Ethylene Vinyl Alcohol (EVOH) Layer Bottles

Arthroscopy Devices Market: Overview, Data Updates, Reports Analysis & Forecast | FMI

The arthroscopic devices market is expected to record a CAGR of 7.1% to reach a valuation of US$ 5.61 Bn by 2022. Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Arthroscopy Devices Market.

The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as along with the key takeaways over the forecast.

The team of analysts at Future Market Insights are focussing on research and market study to produce different Arthroscopy Devices Market forecasts and predictions at both national and international levels.

They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Arthroscopy Devices Market.

Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are: ConMed Corporation, Smith & Nephew, Arthrex Inc, Stryker Corporation and DePuy Synthes

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Segmentation

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:

On the basis of product type, the global arthroscopic devices market is segmented into

  • Arthroscopes
  • Arthroscopic Implants
  • Shoulder Implants
  • Knee Implants
  • Hip Implants
  • Small joint Implants
  • Arthroscopic shaver systems
  • Arthroscopic visualization
  • Fluid management systems

On the basis of procedures, the global arthroscopic devices market is segmented into

  • Shoulder Arthroscopic procedure
  • Knee Arthroscopic procedure
  • Hip Arthroscopic procedure
  • Others

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Product Segmentation

The investigation offers a top to bottom evaluation of different clients’ journeys pertinent to the market and its segments.

The study endeavours to assess the current and future development possibilities, undiscovered roads, factors that shapes their income potential in the global market by breaking it into di such as its types, applications, and region-wise assessment.

By Regional Analysis Covered

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

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Explore wide-ranging Coverage of FMI’s Healthcare Market Insights Landscape:

Portable Medical Devices Market Demand is projected to expand at a CAGR of 10.7% during the forecast period

Pain Management Devices Market Size are expected to grow at a healthy CAGR of 9% between 2022 and 2032, totaling a valuation of over US$ 5.68 Bn by the end of 2032

Diabetes Care Devices Market Share  is projected to be valued at US$ 9.7 Bn in 2022 and is anticipated to reach US$ 17.87 Bn by 2032, with a rapid CAGR of 6.3% from 2022 to 2032

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Chromatography Software Market Is Expected To See a growth of 7.8% | Future Market Insights

According to an analysis by Future Market Insights (FMI), the chromatography software market is expected to be valued at US$ 1.1 Bn in 2032, with an 7.8% CAGR during the forecast period.

The adoption of chromatography software is due to an increase in the demand for chromatography techniques in research and development activities across several business verticals. For example, increased food safety rules and an increasing focus on pharmaceutical R&D contribute to the growing need for chromatography systems and software.

The expanding need for chromatography software is fuelled by increased pharmaceutical research activities, the rising prevalence of diseases requiring diagnosis and testing, and increased worries about food and safety pharmaceuticals.

Furthermore, due to the increased use of chromatography techniques to study medications and their usefulness as a treatment, the COVID-19 outbreak has boosted the demand for chromatography systems. As a result, the stock market has risen during the pandemic.

Remdesivir was measured in the blood plasma of a COVID-19 infected patient using liquid chromatography combined with mass spectrometry, according to a study published in June 2020.

The rising technological integration and automation in pharmaceutical R&D, forensic, and environmental testing rely on chromatographic systems and software for enhanced efficiency and effectiveness.

The market’s expansion is being fueled by the increased usage of analytical software for optimizing laboratory automation and the development of intelligible software and adjustable interfaces for high accuracy and productivity.

The lack of a skilled laboratory crew for chromatography software handling, on the other hand, may have a negative impact on market growth.

Due to all the factors mentioned above, the chromatography software market is expected to reach US$ 790 Mn​ in 2028.

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Key Takeaways:

  • In 2020, the integrated chromatography software category led the market, accounting for 76.5% of total revenue.
  • In 2020, the web and cloud-based software sector led the market, accounting for 72.1% of total revenue.
  • The pharmaceutical industry segment dominated the market in 2020, accounting for 33.4% of total sales.
  • North America dominated the market in 2020, accounting for 49.1% of total sales. The increased usage of technology in laboratory testing and policies that promote the deployment of these technologies to assure reliable results can be linked to the market’s rise.

Competitive Landscape:

Agilent Technologies, Waters Corporation, Bruker Corporation, Axel Semrau, Shimadzu Corporation, Gilson Inc., and Thermo Fisher Scientific Inc. are the leading participants in the chromatography software market.

To maximize revenue share and boost company growth, major market participants implement strategic formulations such as forward integration, new product development, geographic expansion, and research collaborations.

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Key Segments:

By Device Type:

  • Standalone
  • Integrated

By Deployment Type:

  • On-premise
  • Web-based
  • Cloud-based

By Application:

  • Pharmaceutical Industry
  • Environmental Testing
  • Forensic Testing
  • Food & Beverages Industry
  • Others

By End Use:

  • Pharmaceutical and Biotechnology Companies
  • Academic and Research Institutes
  • Testing Facilities
  • Hospitals/Clinics

By Region:

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

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Explore wide-ranging Coverage of FMI’s Healthcare Market Insights Landscape:

Scoliosis Management Market Value is likely to record a CAGR of 3.9% during the forecast period, up from US$ 2,942.8 Mn in 2022 to reach a valuation of US$ 4,489.0 Mn by 2032

Intracranial Aneurysm Market Demand is set to flourish in the global market at a promising CAGR of 8.8% between 2022 and 2032

Revision Knee Replacement Market Outlook is likely to rise to US$ 1.3 Billion in 2022. The revision knee replacement market is estimated to reach US$ 2 Billion with a CAGR of 4.1% by 2032

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Advanced Wound Management Market to grow at a rate of 6.5% by 2031 | FMI

With increasing incidence of chronic wounds globally, Future Market Insights (FMI) projects the advanced wound management market to exceed US$ 6.5 Bn between 2021-2031.

In 2020, the unprecedented COVID-19 outbreak dampened sales in the advanced wound management market. However, with recovery of research and development initiatives focusing on solutions for optimal wound care, demand in the advanced wound management market will rise at a steady pace during the assessment period.

Incorporation of biomaterials such as alginates and silver in topical wound healing treatments will further drive sales. These developments are encouraging key market players to innovate effective advanced wound healing solutions.

Product developments in advanced wound dressing segment such as hydrogels, collagen, and hydrocolloids are on cards. Apart from these products, emergence of negative pressure wound therapy devices will boost sales in the market.

Besides this, government-backed initiatives such as public health insurance schemes in counties including the U.S., the U.K., and China will create lucrative growth opportunities in the advanced wound management market.

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Key Takeaways from the Advanced Wound Management Market Analysis

  • Advanced wound dressing is anticipated to dominate the product segment.
  • Based on application, chronic ulcers will witness increasing adoption of advanced wound management.
  • Hospitals, followed by clinics are expected to account for maximum market sales.
  • The U.S. is projected to witness high demand in the advanced wound management market, owing to increasing number of diabetic patients in the country.
  • The U.K. will emerge as a lucrative market with rapid product developments by leading players.
  • China will exhibit high demand for advanced wound management due to increasing incidence of chronic wounds and reimbursements for medical expenditure.
  • Advanced wound management market in India is expected to grow at a steady pace, owing to growing cases of road accidents and chronic wounds.

“Increasing research and development activities aimed at offering advanced wound healing devices and fast-track approvals for novel advanced wound management products are anticipated to propel sales in the market through 2031,” says the FMI analyst.

Growing investments in the healthcare sector, coupled with innovations in advanced wound management products are anticipated to positively shape demand in the upcoming years.

Competitive Landscape

As per FMI’s analysis, ConvaTec Group Plc. Coloplast A/S, Molnlycke Health Care AB, 3M Healthcare, and Smith & Nephew PLC. are among the leading players in the market, accounting for approximately 3/4th of the market share.

Key players operating in the advanced wound management market are actively focusing on product innovations, strategic collaboration, mergers, acquisitions, and government approvals as a part of their growth strategies. For instance:

  • In July 2021, Ethicon Inc., a part of the Johnson & Johnson Medical Devices Company, announced the U.S. Food and Drug Administration (FDA) has granted Breakthrough Designation for the company’s transbronchial microwave ablation technology. The advanced technology uses robotic-assisted bronchoscopy for the treatment of debilitating diseases and conditions.
  • In July 2021, Illinois-based Medline Industries announced its plan to open a new distribution center worth US$ 100 Mn in the Katy area. The new distribution facility will bring the company’s total employee strength to around 375 employees.

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Advanced Wound Management Market by Category

By Product Type: 

  • Advanced wound dressings
    • Alginates
    • Collagens
    • Films
    • Foams
    • Hydrocolloids
    • Hydrofibers
    • Hydrogels
  • Wound contact layers
  • Superabsorbent dressings
  • Negative pressure wound therapy devices
    • Standalone NPWT devices
    • Portable NPWT devices
    • Single-use disposable NPWT devices
    • NPWT accessories

By Application Type:

  • Chronic ulcers
    • Venous leg ulcers
    • Diabetic foot ulcers
    • Pressure ulcers
  • Non-healing surgical wounds
    • Traumatic wounds
    • Burn cases

By End-User Type:

  • Hospitals
  • Clinics
  • Ambulatory surgical centers
  • Skilled nursing facilities

By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding China (APEC)
  • China
  • Middle East & Africa (MEA)

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Get More Related Insights:

Advance Wound Dressing Market Size was valued at $8,978.0 million in 2020, and is projected to reach $14,190.5 million by 2030, registering a CAGR of 4.8%

Advance Wound Care Market Share was valued at US$ 10.3 Bn in 2020 and is expected to register a CAGR of 3.7% during the forecast period (2021-2031)

Wound Debridement Products Market Demand is expected to be valued at US$ 497.3 Billion in 2022

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

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

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Continuous Renal Replacement Therapy Market to cross USD 1.68 Bn by 2027, Says Future Market Insights

The global continuous renal replacement therapy market was valued at US$ US$ 743 Mn in terms of value in 2016, according to a latest research by Future Market Insights (FMI). The report on continuous renal replacement therapy further projects significant growth potential with average year-on-year growth rate of 7.7% through 2027.

Acute kidney injury (AKI) is a common type of kidney disorder with high morbidity and mortality worldwide. Patients from low-resource regions are more prone to acute kidney injuries. The incidence of acute kidney injuries varies greatly in Asia due to significant variation in climate, geographical attributes, ethnic groups and socioeconomic status.

Continuous renal replacement therapy is conducted for blood purification in patients suffering from acute kidney injury who unable to withstand rapid fluid and electrolyte exchange of conventional hemodialysis. Continuous renal replacement therapy involves the removal of blood from the arterial lumen catheter through the peristaltic movement and pushing it through a hemofilter before getting pumped into a patient via a venous lumen of catheter. Rising incidence of acute kidney injuries, multiple organ failure and other renal injuries had increased the demand for dialysis sessions.

Numerous advantages of continuous renal replacement therapy over the conventional dialysis procedure is a primary factor driving the adoption of continuous renal replacement therapy. Conventional dialysis systems are operated manually and all associated tasks are solely controlled by the user or caregiver. However, technological advancements in currently available continuous renal replacement systems allows the automatic management of disease parameters. Hence, most of the problems are being directly handled by automated digital machines, which is not possible in case of conventional systems, thus reducing the labour cost.

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To expand their commercial footprint across the globe, several manufacturers of continuous renal replacement therapy are focusing on introducing new technologies and upgrading their existing products along with simultaneous focus on strategic alliances for the sale and promotion of their products. For instance, in 2015, Fresenius Medical Care AG & Co. KGaA launched multi Filtrate PRO, a therapy system for continuous renal replacement therapy for the treatment of acute kidney failure in critically ill patients at intensive care units. Innovations in extracorporeal technologies will play a critical role in the long-term sustainability of continuous renal replacement therapy devices. The advent of continuous renal replacement therapy devices will eventually attract a new patient base. For instance, in September 2017, Baxter International Inc. launched 3-In-1 oXiris Set for sepsis management protocols & continuous renal replacement therapy, which was previously indicated only for continuous renal replacement therapy. The commercialisation of such multimodal devices is expected to enhance the ROI for hospitals. The introduction of novel autonomous CRRT devices will marginally reduce physician intervention and the cost of treatments in intensive care units. The intuitive platform with touch screen and step-by-step automated instructions promotes ease of use during procedures.

Companies are investing in future growth by expanding their healthcare services businesses through acquisitions as well as the purchase of expertise and relevant technologies in the area of research and development. In 2016, Fresenius Medical Care spent US$1.3 Bn on capital expenditures, acquisitions and the purchase of intangible assets minus income from divestments. The majority of capital expenditures were used for equipping existing & new clinics, preserving & expanding production capacity, primarily in North America, Germany, Asia Pacific and France, as well as for dialysis machines made available to customers and for care coordination.

FMI segmented the global continuous renal replacement therapy market into product type, end user & regions. In terms of revenue, the consumables segment is expected to hold a substantial market share over the forecast period. The segment is expected to exhibit a significant CAGR of 8.5% over the forecast period.

FMI’s report covers some of the key companies operating in the continuous renal replacement therapy market, which include Fresenius Medical Care AG & Co. KGaA; Baxter International Inc.; B. Braun Melsungen AG; Medica SpA, Nikkiso Co., Ltd.; Nipro corp.; Toray Medical Co., Ltd.; NxStage Medical, Inc.; Asahi Kasei Corp. and Medtronic plc.

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About the Report

FMI has conducted a research study on the continuous renal replacement therapy market for the forecast period of 2017 to 2027. The report offers a comprehensive evaluation of the business opportunities prevailing in the continuous renal replacement therapy market along with insights on the consumption trend, market dynamics, disease incidence, reimbursement, patient awareness level, pricing, company penetration and market competition. The report elaborates on the macro-economic factors influencing the dynamics of the continuous renal replacement therapy market and its futuristic potential.

Segmentation

The report offers a comprehensive taxonomy of the continuous renal replacement therapy market based on product type, end user and region. Continuous renal replacement therapy is sold in two types: systems and consumables. The consumables segment covers various types of hemofilter sets, solutions and other accessories.

Increased healthcare spending across emerging economies is expected to encourage the establishment of new multi-specialties in dialysis centres and hospitals, which is, in turn, expected to promote the demand for CRRT. The continuous renal replacement therapy market has been analysed across various regions, which include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan and MEA.

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More Related Insights:

Therapeutic Drug Monitoring Market Size  is projected to record a CAGR of 9.7% during the forecast period, up from US$ 1.5 Bn in 2020 to reach a valuation of US$ 2.9 Bn by 2026

Therapeutic Nuclear Medicines Market Demand  is projected to increase from a valuation of US$ 1 Bn in 2022 to US$ 1.84 Bn by 2028

Therapeutic Respiratory Devices Market Growth was valued at US$ 47 billion in 2021 and is expected to reach US$ 68.62 billion by 2032, growing at a CAGR of 3.5% from 2022 to 2032

ABOUT FUTURE MARKET INSIGHTS, INC.

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

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

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How is the Demand for Anti-Counterfeiting Devices Affecting Sales of Security Holograms, according to FMI

Future Market Insights (FMI) predicts the global market for security holograms to expand at 5.3% CAGR between 2021 and 2031. Overall sales of security holograms are expected to total US$ 8.1 Bn by 2031.

Increasing focus on security and authentication along with surging demand for anti-counterfeit devices to prevent the sales of counterfeit products will strengthen growth prospects for the security holograms market.

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Security holograms are used in packaging, apparel, currency, passport, and document such as credit cards, tickets, and others as a measure taken to ascertain the authenticity. Security holograms can be customized as per the requirement of end users which adds value to the brand along with increasing the brand creditability.

Security holograms offer various benefits such as unique identification, safety & authentication, aesthetic look to a product, curbing duplication, and prevent counterfeiting among others. Considering myriad benefits they offer, security holograms are gaining popularity.

As per Future Market Insights (FMI), there are ample opportunities for manufacturers of security holograms due to the rise in usage across various sectors. By product type, the 2D/3D segment followed by the electron-beam segment is estimated to be the most lucrative segment. The targeted segments are anticipated to hold more than 3/5th of sales in the market over the coming decade.

In terms of end use, security holograms will register maximum application in documents. Demand in this segment is expected to nearly double over the course of the assessment period.

keaways from Security Holograms Market

  • Polyethylene Terephthalate (PET) is expected to remain the preferred material for security holograms manufacturing. It is expected create an incremental opportunity of US$ ~1.6 Bn, during 2021-2031
  • North America, Europe, and East Asia will showcase the high demand for security holograms. The regions together will account for more than 65% of the global market share by the end of 2031.
  • The U.S. is expected to emerge as the most lucrative market for security holograms in North America, accounting for over 80% of sales through 2031.
  • The demand for security holograms is expected to increase by 5% CAGR in Europe over the report’s assessment period.
  • The East Asia market is expected to be dominated by China through 2031.

 “In order to gain competitive edge, companies operating in the security holograms market are focusing on capacity expansion. They are completing strategic collaborations with regional distributors as well to uncover hidden opportunities in emerging nations,” says an FMI analyst.

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The increasing demand for anti-counterfeiting devices to tackle the threat of counterfeiting is the sales of security holograms. According to ‘The International Hologram Manufacturers Association’ (IHMA), hair care and cosmetic brands are hit harder due to the increase in counterfeit products.

Counterfeit products have been increased by 56% in 2020 across 700 brands that are sold online. Moreover, skincare device companies have experienced an increased sale of counterfeit products by 40%.

Security Hologram Adds Colorful Dimension to Product Packaging

Eye-catching security holograms make for beneficial packaging accoutrement. Advanced technologies, which help to create 3D security holograms, offer 3D visual effects to the packaging, which increases the packaging attractiveness. Security hologram helps to grab the attention of customers browsing through product shelves in a store, which increases the chances of sales of any product. On the back of this factor, the demand for security holograms will increase in the packaging industry.

Eye-catching security hologram maximizes the brand appeal, which attracts the brand owner to use them on product packaging. Security hologram also adds a premium look to product packaging. Therefore premium cosmetic and skincare brands and other companies use security hologram, which offers security as well as an eye-catching look.

Customized security hologram reinforces the brand identity, which is an added benefit for the brand. Customized security hologram adds real value to the product packaging and captures the essence of a product. Security hologram designed or used on a particular area of packaging enhances the visual impact. It plays a dual role of security and decoration. Overall, the security hologram adds a colorful dimension to the product packaging, which drives the demand for security holograms.

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Need for Verification of Vaccination Status Creating Growth Opportunity

Health management and other authorities are facing challenges in terms of verifying vaccination status for those who are travelling outside the country or coming back to the country. To resolve the challenge, a security hologram is being placed on the vaccination card to verify the details. These holograms also can be tracked online, which makes the work of authority easy.

Ghana Health Service (GHS) is taking steps to rectify the challenges faced in the verification of vaccination status. The organization is placing security hologram on vaccination cards, which will make the work easy to verify the status of vaccination. Also, to verify the status, it has placed a separate desk at the airport, which functions only to check whether the traveler is fully vaccinated or not.

Heat Transfer Paper Market Share and Growth Factors Impact Analysis 2032

The global heat transfer paper market garnered a market value of US$ 580.6 Million in 2022 and is expected to accumulate a market value of US$ 871.6 Million by registering a CAGR of 4.2% in the forecast period 2022-2032. Growth of the heat transfer paper market can be attributed to penetration of automation and customization in the heat paper market. The market for heat transfer paper registered a CAGR of 3.1% in the historical period 2016-2021.

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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Heat Transfer Paper

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 Heat Transfer Paper Market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

Key Heat Transfer Paper Market Takeaways and Projections

  • The U.S. is expected to lead the North America Heat Transfer Paper 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

  • Heat Transfer Paper Historical Market Analysis: The detailed survey by FMI, examines key factors in the Heat Transfer Paper 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 Heat Transfer Paper market for the forecast period 2022-2032.
  • Heat Transfer Paper 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.
  • Heat Transfer Paper Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Heat Transfer Paper for the assessment period. As per the study, the demand for Heat Transfer Paper will grow at a robust CAGR between 2022 and 2032.
  • Heat Transfer Paper Market Trend Analysis: The latest study by FMI on the Heat Transfer Paper 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 Heat Transfer Paper 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 Heat Transfer Paper Market. Some of the prominent market players are Neenah Coldenhove, Felix Schoeller Group, One Step Papers LLC, Miroglio Group, PG Paper Company, Stahls’ Transfer Paper Experts, Neenah performance Materials, Guangzhou Elephant Digital Technology Co. Ltd, Atul Paper Pvt. Ltd., Pudumjee Paper Products, GI Paper Coaters, Paper N Films International among many others.

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Key Segments Profiled in the Heat Transfer Paper Industry Survey

Heat Transfer Paper by Paper:

  • Transparent heat transfer paper
  • White heat transfer paper

Heat Transfer Paper by Printing:

  • Inkjet
  • Laser
  • Sublimation

Heat Transfer Paper by Ink:

  • Sublimation ink
  • Dye-based ink

How will Demand for Food Grade FIBC Bulk Bags Affect the Sales, according to FMI

The global FIBC market is expected to top a valuation of US$ 7.1 Bn by the end of 2022, with a CAGR of 5.3% during the forecast period (2022-2032). The global FIBC market is estimated to hold 1/3rd value share of the global IBC market worth of US$ 22 Bn in 2022.

FIBCs were rugged sheets made up of heavy-duty PVC coated polyester or nylon are combined together to get the shape of containers and lifted using pallets. With increasing demand for low space consuming flexible packaging, these FIBCs paved the way for woven polypropylene bulk bags.

Although FIBCs are primarily used to ship hazardous chemicals only, owing to constant innovations in the structural and design features. According to Future Market Insights, the FIBCs are extensively used in mining, building and construction, food, and agriculture industries.

FIBCs not only offer bulk quantity packaging but also protect and guarantees the shelf life of the products. FIBCs with modified atmospheric packaging (MAP) technology prevents product decay by replacing oxygen with nitrogen in the packaging.

Recently, the use of such containers in the food industry has increased exponentially due to the ability to provide greater protection to the products’ shelf lives. Besides this, consumers are more inclined towards hygiene and cleanroom packaging formats.

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Hence, key players and end users are taking extra care to safeguard product from contamination. The UV-protected bags and the FIBCs made up of 100% virgin polypropylene fabric are the best suitable options for the outdoor applications and cleanroom packaging helps to eliminate chances of contamination.

As FIBCs are used to transport hazardous materials, the risk of fire is more during transportation especially in the high temperature regions. Hence, chemical industries transporting explosive materials have high demand for fire retardant bulk bags. The FIBCs produce with PP fabric and fire retarding chemicals ensures optimum fire safety and therefore such FIBCs are in huge demand in the past three years.

A list of Key Players Covered in the FIBC Market are:

  • Grief
  • Berry Global Group
  • Intertape Polymer Group.
  • Conitex Sonoco
  • LC Packaging International BV
  • RDA Bulk Packaging Ltd.
  • Conrop
  • s.r.o.
  • MANICARDI® srl
  • J&HM Dickson Ltd.
  • DS SMITH plc
  • Sokuflex Behälter GmbH
  • Bulk Containers Europe BV.

Key Takeaways from Global FIBC Market

  • FIBC with a carrying capacity above 750 kgs is expected to hold major pie of 55% value share.
  • Q bags with baffles are estimated to increase 1.7x of the current market value, by next decade.
  • In terms of end use, chemicals & fertilizers segment is estimated to dominate the FIBC industry, registering CAGR of 5.8% in the global market.
  • During the projected period, the U.S. FIBC market is expected to rise significantly.
  • During the forecast period, the Indian FIBC market is expected to grow at a CAGR of 6.8% until 2032.

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“Integration of smart technologies in the FIBCs is setting new sales benchmarks in the global market. MAP, UV resistant, fire-resistant, and data retrieval technologies based FIBCs are creating boom in the market. To capitalize on this trend, manufacturers are targeting e-commerce and food industries.” – Says FMI Analyst

Growth Drivers & Challenges of Global FIBC Market

One of the primary factors driving the growth is rapid industrialization around the world. FIBCs are rapidly being used by chemical and agriculture product makers to transport grains, rice, potatoes, cereals, and liquid chemicals.

Construction supplies such as carbon black, steel, alloys, minerals, cement, and sand are also stored and transported in these bags. Furthermore, rising environmental concerns, as well as increased demand for lightweight, biodegradable, bulk packaging materials for pharmaceutical products is driving market expansion.

Pharma-grade FIBC is used to store and prevent contamination of a variety of medical items. Product advancements, such as the development of FIBC variations as hygiene packaging solutions, are contributing to this rise.

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Global FIBC Market by Category

By Packaging Type:

  • Q-bags
  • Baffle Bags
  • Circular Bags
  • 6-panel
  • Others

By Capacity:

  • Upto 250 Kg
  • 250 kgs – 750 Kgs
  • Above 750 Kgs

By End User:

  • Building & Construction
  • Chemicals & Fertilizers
  • Food Products & Agriculture
  • Pharmaceuticals Products
  • Mining

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Intelligent Packaging Sales to Grow as Brands Focus on Smart, yet Eco-friendly Packaging Solutions

The intelligent packaging market revenue totaled US$ 17.8 Bn in 2020, according to Future Market Insights. The overall market is expected to reach US$ 46.7 Bn by 2031, expanding at a CAGR of 9.0% for 2021-31.

Packaging has consistently improved in the last few years. Packaging technology has become smarter to  act as a catalyst for improving the shelf life of the packed products. Intelligent packaging is the amalgamation of technology and packaging that offer smarter and more convenient solutions.

Investments in intelligent packaging by food and beverage manufacturers have been aiding the overall expansion of the market. With the ongoing research on nanotechnology and machine learning, the intelligent packaging industry is expected to witness launch of ground-breaking packaging designs.

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Market Landscape

Amcor plc, Crown Holding Inc., 3M Company, CCL Industries Inc., Huhtamaki Global, DS Smith, Avery Dennison Corporation, Honeywell International Inc., Tetra Pak International S.A., Sealed Air Corporation, Stora Enso Oyj, WestRock Company, Ball Corporation and Mondi Plc, among others are some of the intelligent packaging manufacturers in the global market.

Timestrip UK Ltd., Varcode, Ltd., Temptime Corporation, DeltaTrak, Inc., EVIGENCE SENSORS, JRI Company, Vitsab International AB, LAXCEN TECHNOLOGY INC., APK-ID, STARNFC Technologies Ltd. are some of the technology manufacturers in the intelligent packaging market.

As per FMI, the food and beverage sector, followed by the healthcare sector are listed as top-tier investors in intelligent packaging technology.

Intelligent Packaging Market- Key Takeaways

  • By technology, interactive packaging/ data carriers are expected to attract an investment opportunity of above US$ 13.3 Bn during the research period of 2021-2031 due to improved usage of QR code labels, RFID tracking and product identification barcodes among others.
  • By the level of packaging, primary packaging is expected to observe an incremental growth of 2.5x by 2031.
  • By application, blister packaging is expected to witness a YoY growth of 13.9% in 2021 due to improved usage in the pharmaceutical and healthcare industry.
  • By end-use, more than 1/3rd of the total intelligent packaging market is held by the food and beverage industry, however, the healthcare sector is expected to register a CAGR of 11% during the forecast period.
  • By region, South Asia is expected to attract intelligent packaging investors and the market is expected to account for nearly 13% of the total market share by 2031. However, Europe tops the leaderboard and is expected to showcase high demand for disruptive technologies in the intelligent packaging market.

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“Intelligent packaging is headed towards providing seamless tracking and tracing, extending shelf life, monitoring and communicating product condition and interacting with the consumer through data-carrying wireless technology. The intelligent packaging market holds immense potential and investment opportunities. It will continue driving consumer engagement in the coming years,” says an FMI analyst.

Technological Advancements in Food and Beverage Packaging to Pave Way for Intelligent Packaging

Intelligent packaging was incorporated primarily for the food industry and it has seen continuous innovations in the sector since its advent. Freshness and temperature indicators to determine the product condition, QR codes and barcodes to share product information with the consumers, and moisture and oxygen scavengers to enhance the shelf life of the product were a few innovations that have changed the traditional food packaging.

The sector is expected to witness more dynamic changes and sustainable innovations due to intelligent packaging that will reshape the food packaging industry. Biosensors for pathogens and toxicity indicators are a few advances in intelligent packaging that are expected to thrive in the food and beverage packaging industry in this decade.

Another development in intelligent packaging is to uncover if the food and beverage packed within is baked or microwaved products. Researchers are developing indicators that can determine the food quality and readiness to eat with forestalling elements like microwave doneness indicators (MDIs) and colour indicators.

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Smart Packaging for Tracking and Tracing Packages

Intelligent packaging uses technologies such as barcodes, NFC and RFID tags to track products and ensure they are delivered in an appropriate condition. The advent of IT software like the internet of things, blockchain technology and cloud computing are bringing a revolution in intelligent packaging by providing statistical and quantitated information about the package.

The expansion of the intelligent packaging industry is expected to boost manufacturing company offerings with better packaging designs. Consumers are looking for smart, cost-effective, aesthetically pleasing and practical intelligent packaging that is sustainable. Manufacturers are continuously replacing traditional plastic packaging with technologically-equipped paper and bio-based packaging that provides more than just product storage.

Impact of COVID-19 on Intelligent Packaging Market

Unlike the majority of industries affected negatively by the outbreak of COVID-19 in 2020, the global pharmaceutical and healthcare sector observed high growth and silent innovations. With the increasing manufacturing of oxygen cylinders to transporting vaccines, intelligent packaging played a vital role in shaping the industry. Intelligent packaging ensured a better product reach and safety of consumers through technologically-embedded labels, tags and cold chain packaging sensors.

The pandemic could be held responsible for the penetration of intelligent packaging in the healthcare and pharmaceutical sectors. However, limited marketing and branding options also encouraged food and beverage manufacturers to smartly advertise their products via packaging. With instruction manual to social message during the pandemic, everything was conveyed through smart packaging to the customers.

Hence, COVID-19 couldn’t be termed exactly detrimental for the intelligent packaging industry. However, with manufacturers trying to attract customers after the pandemic, intelligent packaging is expected to play a major role in shaping the consumer packaging industry.

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Intelligent Packaging Market by Category

By Technology:

  • Indicators
    • Time-Temperature Indicators
    • Gas & Integrity Indicators
    • Freshness Indicators
  • Sensors
  • Interactive Packaging/Data Carriers
    • Quick-response (QR Codes)
    • Barcodes
    • Radio Frequency Identification (RFIDs)
    • Near Field Communications (NFCs)
    • Bluetooth Low Energy (BLE)
  • Active Packaging
    • Oxygen Scavengers
    • Ethylene Absorbers
    • Moisture Scavengers
    • Anti-microbial Packaging

By Level of Packaging:

  • Primary Packaging
  • Secondary Packaging
  • Tertiary Packaging

By Application:

  • Bottles and Jars
  • Blisters
  • Trays & Clamshells
  • Cans
  • Boxes & Cartons
  • Vials, Ampoules, & Prefilled Syringes
  • Bags & Pouches
  • Films & Wraps
  • Mailers
  • Labels, Tapes, & Tags
  • Others

By End Use:

  • Food
  • Beverage
  • Healthcare
  • Cosmetics
  • Logistics & Transport
  • Consumer Electronics
  • Consumer Goods
  • Personal Care & Homecare
  • Others

 

Which Factors Are Limiting The Growth of Caps and Closures Market, According to FMI

The global Caps and Closures market size is expected to be valued at US$ 68.58 Billion in 2022. With the increasing demand for various food products and alcoholic and non-alcoholic beverages, coupled with the increase in disposable income levels of consumers in emerging economies, the overall demand for Caps and Closures is projected to grow at a CAGR of 5.5% between 2022 and 2032, totaling around US$ 117.14 Billion by 2032.

Caps and closures made from plastic and metal are widely adopted in the packaging industry for closing and sealing a wide range of packaging formats such as bottles, jars, containers, and cartons. Attractive shelf-appeal, user friendly design and easy accessibility are key factors boosting sales of caps and closures.

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FMI forecasts sales of caps and closures to gain traction on the back of their predominant use in both industrial and non-industrial sectors. Owing to surging demand, manufacturers operating in the global caps and closures market are offering innovative designs such as child resistant caps to gain a competitive edge in the market.

Growing preference towards lightweight and convenient packaging solutions is further anticipated to provide tailwinds to caps and closures sales. Improvements in formats such as screw closures and tethered caps will continue fostering sales of the same over the forecast period.

Besides this, consistent development of pharmaceutical products and personal care products is propelling demand for caps and closures. Catering to high demand, manufacturers are investing in strategic collaborations, mergers, and acquisitions to expand their production facilities and product portfolios.

As per FMI’s in-depth regional analysis, the U.S. is anticipated to dominate the North American caps and closures market. Growth can be attributed to the presence of key market players, coupled with increasing per capita expenditure on food & beverages and pharmaceuticals in the country.

“Customized solutions aligned with end-use requirements offered by market players, along with intensive research and development to launch sustainable packaging solutions will continue augmenting the global caps and closures market growth through 2031,” says the FMI analyst.

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Key Takeaways:

  • By product type, the screw closures segment is projected to hold 51% of the total caps and closures sales.
  • In terms of material type, plastic will emerge as the most-preferred material, growing at a 5.7% CAGR.
  • By end-use, the food & beverage segment is estimated to remain the major revenue contributor in the global caps and closures market. The segment is projected to offer an incremental opportunity of US$ 35.2 Bn during the assessment period.
  • The U.S. will continue witnessing high demand for caps and closures, with sales increasing at a 3.5% CAGR through 2031.
  • Germany will lead the European caps and closures market, holding 16% of the total sales in Europe.
  • India will emerge as an attractive market, accounting for nearly 23% of the APAC caps and closures market.
  • The Japanese caps and closures market is projected to grow at a 6.8% CAGR

Competitive Landscape

  • BERICAP Holding GmbH,
  • Crown Holdings Inc,
  • Guala Closures S.p.A,
  • Closure Systems International, Inc
    are the top players operating in the caps and closures market. Furthermore,
  • Amcor Plc,
  • Silgan Plastic Closure Solutions,
  • Aptar Group,
  • UNITED CAPS,
  • Nippon Closures Co., Ltd.

are also the noticeable players in the caps and closures market? The Tier 3 players in the market hold 85-95% in the global caps and closures market. In conclusion, key players contribute almost 05-15% of the global market. For instance, in 2021, Berry Global Inc. one of the leading packaging and caps and closure manufacturer has introduced lightweight plastic caps through the reduction in overall plastic usage.

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Market Segments Covered in Caps and Closures Market Analysis

By Product:

  • Screw Closures
  • Snap Closures
  • Push-Pull Closures
  • Tethered Caps
  • Others

By Production Process:

  • Injection Molding
  • Compression Molding
  • Others (Blow Molding, and more)

By Material:

  • Plastic
  • Metal
  • Aluminium
  • Others

By End Use:

  • Food & Beverage
  • Consumer Goods
  • Personal and Homecare
  • Pharmaceuticals
  • Other

Table of Content

1. Executive Summary

1.1. Market Outlook

1.2. Market Analysis

1.3. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage

2.2. Market Definition

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Level Innovation/Development Trends

3.2.1. Lighter Weight Cap Design

3.2.2. Tethered Cap Design

3.2.3. Announcement of Global Brand About Sustainable Packaging

4. Key Success Factors

4.1. Product Adoption Analysis

4.2. Product USPs / Features

TOC continued..!

More Insights into the Global Caps and Closures Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global caps and closures market, analyzing historical demand from 2015-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the caps and closures market on the basis of product (screw closures, snap closures, push-pull closures, tethered caps and others), production process (injection molding, compression molding and others (blow molding, and more), material (plastic, metal, aluminium and others) and end use (food & beverage, consumer goods, personal and homecare, pharmaceuticals and others) across five regions.