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North America Flexible Packaging Market – Growth, Trends, and Forecasts (2019 – 2024)

Packaging Published by: Mordor Intelligence Market: North America
100 pages Published: 23-07-2019
  • Packaging
  • Mordor Intelligence
  • North America
  • 100 pages
  • Published: 23-07-2019

Market Overview

 

North America Plastic Bottles and Containers Market is expected to register a CAGR of over 3.16% during the forecast period 2019 – 2024. Owing to the aforementioned exceptional benefits, companies are rigorously investing in flexible packaging technology. For instance, in July 2018, PPC Flexible Packaging, an Illinois-based consumer packaging company invested over USD 2 million in upgrading its equipment and facilities, which is expected to positively impact the United States market.

 

The consumers enjoy the capability of carrying their favorite food with them wherever they travel. As a result, innovation and demand for flexible packaging are highly correlated with the consumer’s lifestyle and behavior. For instance, the hectic lifestyle of a modern family, owing to both parents being working professionals, requires eating on-the-go. Moreover, consumers with the utilization of flexible packaging tend to reduce food waste, which further fuels market growth over the estimated period.

 

According to Bureau of Labor Statistics, in the United States, the monthly full-time employees from June 2017 to June 2018 has increased about over 2%, owing to expansions and introduction of existing businesses, which is likely to boost the market growth.

 

The primary raw materials required for flexible packaging are plastic, paperboard, and laminates. The plastic processing industry emits an enormous amount of greenhouse gas, which is a major component of global warming.

 

The increasing production of plastic for various industries, including flexible packaging has led to the ascending release of harmful gas, owing to which the region is defining emission standards, which may hinder the market studied over the forecast period. Additionally, plastic being one of the major raw material for flexible packaging, it is subject to price volatility, owing to fluctuating oil prices. Since last few years, the prices of crude oil has been volatile, which adversely affects the profit margins for the manufacturers.

 

The end-product prices cannot frequently be altered, whereas the crude oil prices are subject to trade. For instance, if the prices for crude oil increases, the plastic prices subsequently increases, however, the company cannot alter the end product’s price, which negatively affects the company’s growth, thereby, hampering the market growth over the forecast period.

 

The Scope of the Report

 

Flexible packaging is one of the most prominent packaging technique used by major vendors across a diverse range of end-user verticals, owing to its superior quality, such as ascended shelf life. Moreover, it is the most economical packaging method to distribute and preserve food, pharmaceutical products, and other consumables.

 

Key Market Trends

 

Plastic is expected to Register a Significant Growth

 

Plastics are the most preferred materials, in terms of packaging applications, due to factors, such as performance, durability, and cost-effectiveness. Plastic packaging material ensures product safety and a smooth delivery from the manufacturer to the consumer. Moreover, plastic packaging is required to comply with strict regulatory requirements, particularly for the food, beverage, pharmaceutical, and drug-packaging sectors.

 

Plastic packaging is prominently used in the food & beverage industry, from airtight wraps to shelf stable bottles and containers. In this industry, plastics have also driven innovations in packaging design. For instance, modified atmosphere packaging (MAP) helps preserve food freshness by capturing a reduced-oxygen air mixture in a plastic package. These advanced and intelligence packaging techniques play a critical role in ensuring not to compromise the integrity of the product while increasing their shelf life drastically.

 

In the United States, the Food and Drug Administration regulates the safety of food-contact packaging, including plastics used in contact with food. All food-contact packaging materials must pass FDA’s stringent approval process.In the medical and healthcare packaging industry, plastics are uniquely suited to meet the stringent standards and requirements. Their ability to remain inert to the products contained within the package plays a vital role in propelling the growth of the market.

 

Beverage Product type is Expected to hold a Major Share

 

There is a high demand for flexible packaging in the beverage sector, due to factors, such as ease of handling and reduced production and shipment costs. However, the quality of beverages is affected by pH, storage temperature, pressure, and presence of contaminants; any changes in the levels can alter the composition of the beverage. Companies are increasingly employing flexible packaging products with properties, such as barrier resistance (to heat, moisture, and bacteria), to eliminate possible oxidation.

 

Lightweight packaging material has become essential in beverages, particularly, in pouches. The ever-improving design of pouches has led to an increase in their applications, attracting more consumers toward purchasing fruit drinks, nutraceuticals, meal replacement shakes, fiber supplements, and cold-pressed juices.

 

The shift of milk packaging format – from glass to carton-based packaging, coupled with the demand for longer shelf life, has led to an increase in the demand for aseptic carton containers. Further, the need for brand recognition is leading to high investments in developing attractive and convenient packaging formats. With beverage companies focusing on building a brand image to attract consumers, and new companies trying to differentiate their products, the consumption of flexible pouches in the beverages sector is expected to increase, over the forecast period.

 

Competitive Landscape

 

The North America Flexible Packaging Market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. 

 

The companies operating in the market are also acquiring start-ups working on North America Flexible Packaging technologies to strengthen their product capabilities. In February 2018, Berry Global Group, Inc. acquired the Clopay Plastic Products Company, Inc., a subsidiary of Griffon Corporation for USD 475 million in cash, on a debt-free, cash-free basis. The acquisition of Clopay is directly aligned with the company’s fundamental strategic initiatives.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.3.1 Increasing Demand For Convenient Packaging And Changing Consumer Lifestyle

4.3.2 Exceptional Benefits Offered By The Flexible Packaging

4.4 Market Restraints

4.4.1 Fluctuating Raw Material Prices And Government Regulations Associated With Plastic

4.5 Value Chain / Supply Chain Analysis

4.6 Industry Attractiveness Porters Five Force Analysis

4.6.1 Threat of New Entrants

4.6.2 Bargaining Power of Buyers/Consumers

4.6.3 Bargaining Power of Suppliers

4.6.4 Threat of Substitute Products

4.6.5 Intensity of Competitive Rivalry 

5 MARKET SEGMENTATION

5.1 By Packaging Material

5.1.1 Plastics

5.1.2 Flexible Foam

5.1.3 Paper

5.1.4 Aluminium Foil

5.2 By Product

5.2.1 Pouches

5.2.2 Bags

5.2.3 Wraps

5.2.4 Other Types

5.3 By End-user Industry

5.3.1 Food

5.3.2 Beverages

5.3.3 Pharmaceutical & Medical

5.3.4 Personal & Home Care

5.3.5 Other End-user Industries

5.4 By Geography

5.4.1 North America

5.4.1.1 US

5.4.1.2 Canada

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Bemis Company Inc.

6.1.2 Sealed Air Corp.

6.1.3 Tetra Pak

6.1.4 Constantia Flexibles

6.1.5 Winpak Ltd.

6.1.6 Amcor Limited

6.1.7 Mondi PLC

6.1.8 Transcontinental Inc.

6.1.9 American Packaging Corporation

6.1.10 Sit Group SpA

6.1.11 Toppan Printing Co. Ltd

6.1.12 Printpack Inc.

6.1.13 Sigma Plastics Group Inc.

6.1.14 Novolex Holdings Inc.

6.1.15 Berry Global Inc.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

By Packaging Material

Plastics

Flexible Foam

Paper

Aluminium Foil

 

By Product

Pouches

Bags

Wraps

Other Types

 

By End-user Industry

Food

Beverages

Pharmaceutical & Medical

Personal & Home Care

Other End-user Industries

 

By Geography

North America

US

Canada

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Middle East and Africa Flat Glass Market – Growth, Trends and Forecast (2019 – 2024)

Packaging Published by: Mordor Intelligence Market: Middle East & Africa
100 pages Published: 23-07-2019
  • Packaging
  • Mordor Intelligence
  • Middle East & Africa
  • 100 pages
  • Published: 23-07-2019

Market Overview

 

The Middle East & African Flat Glass Market was 6.390 billion in 2018 and is expected to be 9.6 billion by 2024 to register a CAGR of 6.91% over the forecast period of 2019-2024. With more than 10,000 construction projects currently active in the GCC, the demand for glass and glass-related products is booming, making Dubai the regional hub for global manufacturers to meet and do business, as indicated by experts at a key industry event in Dubai.

Flat glass finds two major modes of application in the automotive industry – original equipment (OE) supplied to manufacturers for new vehicles and automotive glass replacement (AGR) products supplied to the aftermarket for retrofit purposes, usually damages.

Sand, soda ash, limestone, and dolomite are the materials needed for the production of flat glass. Limestone is added to increase the durability of the product, whereas, dolomite is used to enhance the functional properties.

Dynamic shifts in the product standards, such as lightweight and non-fragile nature, are encouraging the flat glass manufacturers to incorporate the latest technological innovative methods. For instance, Abu Dhabi-based Al Heya Special Glass Factory launched its first ‘Made in UAE’ blast and bullet resistance glass, which can sustain the impact from a 0.40 caliber round, fired from a range of 10 m. The glass is also explosion resistant, and the firm’s production capacity will be around 240,000 m2 per year, for flat and curved glass

 

Scope of the Report

 

Plate glass, flat glass or sheet glass is a type of glass, initially produced in plane form, commonly used for windows, glass doors, transparent walls, and windscreens. For modern architectural and automotive applications, the flat glass is sometimes bent after production of the plane sheet.

 

Key Market Trends

 

Construction End-User Vertical to Account for the Largest Share

 

Construction is the largest end-user segment of the market studied. Similar to most of the oil-based economies around the globe, most of the Middle East & African economies were severely hit by the low crude oil price situation, during the past four years.

As a result, several residential and commercial construction works have been restrained, leading to a high number of backlogs, in recent years. The situation worsened further when the Organization of the Petroleum Exporting Countries (OPEC) decided to initiate production cuts, which influenced the demand for flat glass equipment, such as protective glass, which are in high demand, from the construction vehicles involved in the operations.

Additionally, the demand for flat glass, especially the insulated variants which are of high demand in the commercial construction sector, witnessed a decline, over the past few years. This can be attributed to the slowdown of the domestic construction sector. Even countries, like Saudi Arabia and UAE, faced all-time low occupancy rates, in office buildings and commercial places.

Moreover, the increasing investments of Asian vendors in the African market and a steady increase in the number of smart city initiatives in the region are expected to steadily increase the demand for flat glass, in the Middle East & African construction sector.

 

United Arab Emirates Accounts for a Major Share

 

The country remains a leading construction market in the GCC, and is on the track to deliver growth in 2018, in the lead up to Expo 2020, with steadily improving demand for the region’s building sector. The country also increased its expenditure on infrastructure and construction projects by about 43%, in 2018, as it continues to prepare for Expo 2020. The Dubai government has set aside a budget of AED 11.886 billion (USD 3.2 billion), for infrastructure projects. An estimated AED 5 billion has been allocated for Expo 2020 alone.

Governments across the Middle East are rolling out robust initiatives, to diversify their economies and shift from their reliance on oil to renewable energies, especially solar energy. These initiatives are also expected to bolster the growth of the market studied, over the forecast period.

According to the new regulations enforced by the Emirate’s Municipality and Planning Department, effective from June 2018, residences in Ajman city require a green permit, ahead of their construction.

In July 2018, Dubai Electricity and Water Authority (DEWA), in collaboration with the Emirates Green Building Council (EmiratesGBC), organized the Solar Decathlon Middle East Seminar, as the country aims to provide about 75% of its total power output from clean energy, by 2050.

 

Competitive Landscape

 

Major players, such as Asahi Glass, Saint Gobain, and Schott AG, are well known for their brand names and aggressive branding strategies. The robust dealer network established by the major players increases their competitiveness and dominance in the global as well as regional market.

Major vendors assert dominance in the study market by acquiring small players to venture into the market in the first place and extend their geographical reach and generate revenues through a powerful competitive strategy. Hence, the internal competition in the industry is very high, however, the evolving nature of the market and its reliance on technology innovation will create opportunities for local vendors to penetrate and intensify competition in the market.

Some of the key vendors in the Middle East and Africa Flat Glass Market are Saint-Gobain, ACG. Some of the key developments in the Middle East and Africa Flat Glass Market are as follows:

AGC has decided to raise the sales price of architectural glass-related products in Japan. The revised prices were to be in action from April 2018 or later. The scheduled price indicates an increase in the price of architectural glass, by at least 10%.

Saint-Gobain has announced to acquire 50% stake in a flat glass production line of the Chinese group JJG, located in Zibo in the Shandong province, Northeast China, with a total annual capacity of 160,000 metric ton. This acquisition may allow Saint-Gobain to almost double its production of basic glass in China, reinforcing the reliability of the flat glass supply for its Sekurit automotive glass factories. 

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.4 Market Restraints

4.5 Value Chain Analysis

4.6 Industry Attractiveness Porters Five Force Analysis

4.6.1 Threat of New Entrants

4.6.2 Bargaining Power of Buyers/Consumers

4.6.3 Bargaining Power of Suppliers

4.6.4 Threat of Substitute Products

4.6.5 Intensity of Competitive Rivalry 

5 MARKET SEGMENTATION

5.1 By Product Type

5.1.1 Insulated Glass

5.1.2 Tempered Glass

5.1.3 Laminated Glass

5.1.4 Other Product Types

5.2 By End -User Vertical

5.2.1 Construction

5.2.2 Automotive

5.2.3 Other End-user Verticals

5.3 Geography

5.3.1 United Arab Emirates

5.3.2 Saudi Arabia

5.3.3 Egypt

5.3.4 Nigeria

5.3.5 South Africa

5.3.6 Rest Of Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 AGC Middle East & Africa FZCO

6.1.2 Saint-gobain Middle East Holding S.A.L

6.1.3 Schott AG

6.1.4 Corning Incorporated

6.1.5 PPG Industries LLC (VITRO SAB De CV)

6.1.6 Phoenicia Flat Glass Industries LTD

6.1.7 Guardian Glass LLC (Koch Industries)

6.1.8 Nippon Sheet Glass Co. Ltd

6.1.9 Kaveh Glass Group

6.1.10 Ghazvin Glass Co.

7 INVESTMENT OPPORTUNITIES

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

By Product Type

Insulated Glass

Tempered Glass

Laminated Glass

Other Product Types

 

By End -User Vertical

Construction

Automotive

Other End-user Verticals

 

Geography

United Arab Emirates

Saudi Arabia

Egypt

Nigeria

South Africa

Rest Of Middle East & Africa

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Cosmetic Packaging Market – Growth, Trends and Forecasts (2019 – 2024)

Packaging Published by: Mordor Intelligence Market: Global
100 pages Published: 11-07-2019
  • Packaging
  • Mordor Intelligence
  • Global
  • 100 pages
  • Published: 11-07-2019

Market Overview

 

The global cosmetic packaging market was valued at USD 27.87 billion in 2018 and is expected to reach about USD 35.7 billion by 2024, recording a CAGR of 4.3% over the forecast period (2019-2024).

The market studied is mainly dependent on the global cosmetic products market, and is subjected to similar dynamics. The increasing demand for cosmetic products in emerging countries and growing consumer awareness are driving the investments of companies that develop innovative packaging solutions. Therefore, a rise in the demand for cosmetic products is expected to boost the demand for packaging.

While packaging improves safety, offers convenience, and reduces theft, it is also laced with several disadvantages. Packaging can be bulky, expensive, and environmentally damaging over the course of its life cycle. Further, the rising efforts for user-friendly packaging are leading to an increase in the cost of innovative cosmetic packaging.

 

Scope of the Report

 

The term cosmetic packaging is used for cosmetic containers and secondary packaging of fragrances and cosmetic products. The primary aim of packaging is the protection of the product from all hazards it can be exposed to during transport and handling. The role of packaging for cosmetics is not only the prime role of containing but also of enhancing aesthetics. 

 

Key Market Trends

 

Caps and Closures to Account for Significant Share In The Market

 

Cosmetic manufacturers are providing enhanced value and experience to reach out to more customers by using caps and closures as a customizable extension of a package design identity.

While they both preserve product integrity and facilitate a product’s use by consumers, packaging solution providers are pairing these caps with ergonomic designs to add to their current functions. Thus, the pairing of applicators and cosmetics’ closures has also been witnessed amongst manufacturers.

This development in the market has redefined time-to-market while simplifying projects and shortening lead time, which, in turn, makes the products and packages ready-to-go.

There is a growing attraction for click and close caps to provide the audial assurance and satisfactory closure of the product. Thus, the market is witnessing a growing attraction for magnets in the closures, particularly in luxury skincare packaging.

 

North America Has A Significant Share In Market

 

Increasing adoption of advanced technologies for cosmetic packaging and growing trends of skincare products are some of the significant factors driving market growth. Skincare products seem to be the biggest focus for consumers and retailers alike.

The Korean Beauty product trend continues to influence the regional market, especially the Canadian market, as hydration products aimed at creating a dewy, luminous skin look continue to experience high popularity.

The region also has many prominent vendors of cosmetic packaging, who are focusing on expanding. Instead of launching their own new brands, acquisitions, local and global, have become part of their growth strategies.

Many regional packaging vendors are also investing in R&D to innovate new technologies, oriented toward cosmetic products.

 

Competitive Landscape

 

The cosmetic packaging market is highly competitive. The cosmetic packaging industry comprises of market incumbents, such as Amcor Limited, Brimar Packaging Inc., Libo Cosmetics, and The Packaging Company, among others, in addition to several regional firms and new entrants vying for attention, in an increasingly contested market space.

Moreover, sustainable competitive advantage can be gained through innovation (design, technology, and application) and partnerships. The cosmetic product companies are observed to be partnering with packaging companies, to enhance their products’ brand value, with efficient and attractive packaging. A case in point is that of the Silgan and Neopac partnership, which helped Silgan’s products to garner robust sales. Thus, companies are striving to innovate and expand through various strategies.

Some of the key developments in the cosmetic packaging market are:

RPC PET Power expanded its popular droplet squeezer range of bottles, which are ideal for several types of foods, such as honey, dressings, and sandwich spreads.

The oval shape of the droplet squeezers offer a perfect fit in the hand, which are easy to squeeze and manipulate. 

Quadpack showcased its new solutions for makeup, fragrances, and skin care portfolios. This new addition to their existing product line is expected to help the company garner a larger market share. 

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.3.1 Increasing Consumption of Cosmetic Products

4.3.2 Increasing Focus on Innovation and Attractive Packaging

4.4 Market Restraints

4.4.1 Increase In Focus on Innovative and Attractive Packing

4.5 Value Chain Analysis

4.6 Industry Attractiveness Porter’s Five Forces Analysis

4.6.1 Threat of New Entrants

4.6.2 Bargaining Power of Buyers/Consumers

4.6.3 Bargaining Power of Suppliers

4.6.4 Threat of Substitute Products

4.6.5 Intensity of Competitive Rivalry 

5 MARKET SEGMENTATION

5.1 By Material Type

5.1.1 Plastic

5.1.2 Glass

5.1.3 Metal

5.1.4 Other Material Types

5.2 By Product Type

5.2.1 Droppers

5.2.2 Cap and Closure

5.2.3 Sticks

5.2.4 Pumps and Dispensers

5.2.5 Tube

5.2.6 Bottles

5.2.7 Ampoules

5.2.8 Jars

5.2.9 Palettes

5.2.10 Metal Containers

5.2.11 Folding Cartons and Paperboard (Secondary packaging)

5.3 By Cosmetic Type

5.3.1 Hair Care

5.3.2 Skin Care

5.3.3 Nail Care

5.3.4 Color Cosmetics and Makeup

5.4 Geography

5.4.1 North America

5.4.2 Europe

5.4.3 Asia-Pacific

5.4.4 Latin America

5.4.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 RPC Group PLC

6.1.2 Amcor Limited

6.1.3 Libo Cosmetics Company Ltd

6.1.4 HCP Packaging Co. Ltd.

6.1.5 AptarGroup Inc.

6.1.6 Cosmopak Ltd.

6.1.7 Quadpack Industries SA

6.1.8 Rieke Packaging Systems Ltd

6.1.9 Albea SA

6.1.10 DS Smith PLC

6.1.11 Gerresheimer AG

6.1.12 Raepak Ltd.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

By Material Type

Plastic

Glass

Metal

Other Material Types

 

By Product Type

Droppers

Cap and Closure

Sticks

Pumps and Dispensers

Tube

Bottles

Ampoules

Jars

Palettes

Metal Containers

Folding Cartons and Paperboard (Secondary packaging)

 

By Cosmetic Type

Hair Care

Skin Care

Nail Care

Color Cosmetics and Makeup

 

Geography

North America

Europe

Asia-Pacific

Latin America

Middle East & Africa

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Biodegradable Packaging Market – Growth, Trends and Forecast (2019 – 2024)

Packaging Published by: Mordor Intelligence Market: Global
100 pages Published: 01-07-2019
  • Packaging
  • Mordor Intelligence
  • Global
  • 100 pages
  • Published: 01-07-2019

Market Overview

 

The biodegradable packaging market was valued at USD 85.11 billion in 2018 and is expected to reach a value of USD 119.3 billion by 2024 at a CAGR of 5.9% over the forecast period (2019-2024). Biodegradable packaging solutions are increasingly finding applications in a wide variety of industries due to their low environmental impact and high demand. Biodegradable packaging made from renewable resources decreases dependence on petroleum and reduces the amount of waste material, while still yielding a product that provides benefits similar to traditional plastics.


Rising consumer awareness regarding the environmental impact of packaging products and a willingness to replace packaging materials by alternatives with a lower carbon footprint (or made from renewable resources) are the main drivers for the development and the use of these materials.


Recyclability is expected to be the greatest challenge, as more and more companies, which use packaging products, are focusing on recyclable and reusable packaging.


The US-based Kroger Co. (which orders about 6 billion bags each year and is one of the largest grocery chains in the country) announced in 2018 that it will go plastic-bag free at all of its nearly 2,800 stores by 2025. The company serves almost 9 million people daily through two dozen different grocery chains. This is expected to drive the demand for biodegradable packaging (non-plastic).

 

Scope of the Report

 

Biodegradable refers to the ability of materials to break down and return to nature. In order for packaging products or materials to qualify as biodegradable, they must completely break down and decompose into natural elements within a short time after disposal, typically in a year or less.

 

Key Market Trends

 

Beverage Packaging to be One of the Most Significant Applications

 

An estimated number of 700,000 bottles are being littered every day in the United Kingdom alone, according to the Environmental Audit Committee. Such statistics indicate the serious need for biodegradable packaging solutions for beverages.
Companies in the beverages market, like PepsiCo, have been using recyclable PET bottles for their beverages. PepsiCo’s recyclable PET bottles account for 30% of packaging volume in North America, and 7% globally. However, high manufacturing costs are likely to restrain the practice of using recyclable PET for beverage packaging across developing regions, like India.
Due to the emerging demand for eco-friendly packaging in the beverage industry across Europe, US-based Crown Holdings Inc. has opened a new facility in Jakarta, Indonesia. Considering the country’s robust economic growth and sizable population, such eco-friendly initiatives offer significant potential for biodegradable beverage packaging.

 

United States to Account for the Largest Share in North America

 

In the United States, the rising awareness among consumers and favorable regulations from the government are expected to drive the demand for biodegradable packaging over the forecast period.


Notably, food wastage in the country is one of the primary reasons for increasing customer awareness. For instance, The New York Times stated that approximately 60 million metric ton of food is wasted in the United States every year, which not only has negative impact on the environment but also contributes to the economic burden. Due to the aforementioned factors, the consumers are being aware of the food wastage, owing to which they are moving toward non-perishable food, which stay fresh for a long time.


With increasing demand for biodegradable packaging from food chains, such as McDonald’s, who are planning to use 100% sustainable packaging by 2025, manufacturers are choosing to use these opportunities to build consumer trust by proactively addressing the environmental issues than resisting to change. Furthermore, it also creates an immense opportunity for the biodegradable packaging manufacturers to penetrate the market and garner a higher market share.

 

Competitive Landscape

 

The biodegradable packaging market is highly fragmented. The market studied comprises of Amcor Limited, Sealed Air Corporation, Mondi Group PLC, and Tetra Pak International SA, among others.


Several regional firms in countries, such as India, are also trying to gain market share. Barriers to entry are low, which is resulting in the advent of smaller players, further increasing competitive rivalry. 


Some of the key players in the market are Tetra Pak International SA and Plastic Suppliers Inc. Some of the key recent developments in this market include:


Tetra Pak launched a suite of new packaging materials, known as Tetra Pak Artistry, to help food and beverage producers revitalize the look and feel of its products.

 
Amcor announced the launch of two sustainable packaging innovations that boost efficiency and improve consumer convenience. While Polylnert laminates deliver a huge saving in material use and energy consumption, AluFix Retort Extra’s easy-to-peel can-end has a low environmental impact. Amcor is planning to acquire Bemis Co. Inc. to have a global flexible packaging footprint across geographies. It will also increase exposure to attractive end market segments, including protein and healthcare packaging and technologies in barrier films and foils.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Growing Conscientious Population
4.3.2 Stringent Government Regulations
4.4 Market Restraints
4.4.1 Growing Investments for Non-biodegradable and Recyclable Packaging Solutions
4.4.2 Lack of Supply of Bio-plastics and Related Materials
4.5 Value Chain Analysis
4.6 Industry Attractiveness Porter’s Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Material Type
5.1.1 Plastic
5.1.1.1 Starch-Based Plastics
5.1.1.2 Cellulose-Based Plastics
5.1.1.3 Polylactic Acid (PLA)
5.1.1.4 Polyhydroxyalkanoates (PHA)
5.1.1.5 Other Plastics
5.1.2 Paper
5.2 By Application
5.2.1 Food
5.2.2 Beverage
5.2.3 Pharmaceutical
5.2.4 Personal/Homecare
5.2.5 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Rest of Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Tetra Pak International SA
6.1.2 Plastic Suppliers Inc.
6.1.3 Kruger Inc.
6.1.4 Amcor Limited
6.1.5 Mondi PLC
6.1.6 Biopac Limited
6.1.7 International Paper Company
6.1.8 Smurfit Kappa Group PLC
6.1.9 Bemis Company Inc.
6.1.10 DS Smith PLC
6.1.11 Klabin SA
6.1.12 Rengo Co. Ltd.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

 

MARKET SEGMENTATION

By Material Type
Plastic
 Starch-Based Plastics
Cellulose-Based Plastics
Polylactic Acid (PLA)
Polyhydroxyalkanoates (PHA)
Other Plastics
Paper

By Application
Food
Beverage
Pharmaceutical
Personal/Homecare
Other Applications

Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Latin America
Middle East & Africa

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Active and Intelligent Packaging Market – Growth, Trends and Forecast (2019 – 2024)

Packaging Published by: Mordor Intelligence Market: Global
100 pages Published: 14-06-2019
  • Packaging
  • Mordor Intelligence
  • Global
  • 100 pages
  • Published: 14-06-2019

Market Overview

 

The global Active and Intelligent Packaging Market was valued at USD 16.39 billion in 2018, and it is expected to reach a value of USD 24.5 billion by 2024, at a CAGR of 6.78%, during the forecast period (2019 – 2024). The Commission of the European Communities, in 2004, provided the following legal definition of intelligent packaging: intelligent food contact materials and articles that monitor the condition of packaged food or the environment surrounding the food.


The significant pressure on manufacturers to reduce the use of preservatives in food products has increased the importance of packaging across end-user verticals. With supply chains becoming global, longer shelf life is crucial, for the products to reach the intended customers. Globalization has created the demand for products to be transported across the world, without any loss in nutritional values, or change in chemical compositions. The manufacturing and processing units, especially in the food and beverage industry, have their supply chain spread across the globe. It requires them to procure the raw materials, as well as supply them to distributors, in way that is safe, easy to handle, and quick to move across the supply chain.


The primary advantage of active and intelligent packaging solution is its ability to interact with the enclosed product, playing a dynamic role in its preservation and in the process also keep intact the track of tagged information throughout the supply chain. Active packaging, for instance, may change the composition and organoleptic characteristics of food, provided the changes are consistent with the provisions for food. This is a key driver of the market. However, on the flip-side, it also raises issues of contamination, as plastic seepage into foods may lead to health complications.


The increase in counterfeit products, especially in the pharmaceutical and personal care industries in emerging economies, has also compelled companies to use technologies such as RFID during packaging. All these factors account for a substantial rise in the demand for active and intelligent packaging. However, initial capital needed due to higher costs of installation and implementation, and security issues regarding these systems, are challenging the growth of the market.

 

Scope of the Report

 

Active packaging usually means having active functions beyond the inert passive containment and protection of the product. Intelligent and smart packaging usually involve the ability to sense or measure an attribute of the product, the inner atmosphere of the package, or the shipping environment.

 

Key Market Trends

 

Food End-User Vertical to Account for Significant Share

 

Going beyond the visual aspect, leading food brands are looking at innovative ways to make their products stand out on the shelf. An emerging packaging technique, which involves the combination of different materials to enhance the multi-sensorial experiences, is gaining popularity in the food packaging industry.
Food organizations are increasingly embracing sensory marketing, which is a strategy focused on the engaging of multiple senses in the consumer environment, where not only the color or shape, but texture, sound, and even the smell of a pack can influence consumer’s purchasing decisions.
The evolution of intelligent packaging systems through the use of sensor technologies, indicators (including freshness, integrity, and time-temperature indicators (TTI)), and radio frequency identification (RFID) has been assessed for potential use in meat and meat products as well.
Quite recently, the NFC Forum partnered with the active and intelligent packaging industry and the wireless power consortium, to bring new, intelligent labels, interactive tags, and time-temperature monitors, using near field communication, to stores. With this intelligent packaging, consumers can read about food before purchasing, without having to scan anything at all.

 

United States to Account for Largest Share

 

The United States is witnessing a rapid rise in its existing population, primarily due to the work-related migrations into the country. This rising population has directly burdened the food industry and affected the packaging industry. It is home to the busiest markets and forms a major part of the workforce dependent on the frozen foods and packaged food for appetite
The pharmaceutical industry is a major segment, which has a vital role to play in the active and intelligent packaging market in the United States. The spending on medicines in the country rose from USD 316 billion in 2010 to USD 450 billion in 2016. Also, the country accounts for more than a quarter of the total pharmaceutical industry, which has critical importance for active and intelligent packaging.


Companies in the country, such as VerifyMe, Inc. entered into a reseller agreement with eAgile. Under this agreement, eAgile will be able to offer its clients VerifyMe’s RainbowSecure Ink Identifier Serialization Technology.
Companies in the country are also entering into strategic mergers and acquisitions to gain a competitive edge. For instance, Resource Label Group, a service provider of pressure sensitive label, shrink sleeve, and RFID/NFC technology for the packaging industry acquired Best Label Company to broaden its west coast presence and position in the label and packaging industry.

 

Competitive Landscape

 

The Active and Intelligent Packaging Market is highly fragmented with many players competing in the same space. The unstructured nature of the industry with very few major players involved implies that there is a high rivalry between the smaller companies. Smaller firms are on the rise, with intentions of capturing the high growth potential of the market studied. The market studied can be characterized by intense competition, moderate levels of product differentiation, and high barriers to exit. Brand identity plays a major role in shaping consumer decisions in the market, as strong brands are considered to be synonymous with high-performance and quality. Some of the key players in the market include BASF, Amcor Ltd, Honeywell International Inc. Some of the key developments in Active and Intelligent Packaging Market are as follows:

BASF worked with Zhuhai Fucheng Science and Technology Co., Ltd, one of the major producers of retort pouch and food packaging in China to develop a food cooking bag supporting efficient production. The bag can withstand high temperatures of disinfection, with excellent steam blocking performance. As no solvent is required in the production process, it can realize zero solvent emissions as well as no solvent residue in the packing. 


Landec Corporation acquired of Yucatan Foods. With this acquisition of Yucatan Foods help to enable the Landec Natural Foods to grow, strengthen, and stabilize its position in the natural foods market. By creating critical mass in the LNF to better position Landec to evaluate long-term strategies for the company’s two business segments, in order to maximize the shareholder value.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Longer Shelf Life And Changing Consumer Lifestyles
4.3.2 Growing Demand for Fresh and Quality Food Products
4.3.3 Demand for Longer-lasting and Sustainable Packaging Products
4.3.4 Countering Sales of Counterfeit and Imitated Products
4.4 Market Restraints
4.4.1 Issues with the Effects of Packaging Materials on the Human Body
4.4.2 High Initial Capital Investment and Installation Costs
4.4.3 Security and Privacy Issues in the Case of Intelligent Packaging
4.5 Value Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Active Packaging
5.1.2 Intelligent Packaging
5.2 By End-user Vertical
5.2.1 Food
5.2.2 Beverage
5.2.3 Healthcare
5.2.4 Personal Care
5.2.5 Other End-user Verticals
5.3 Geography
5.3.1 North America
5.3.1.1 US
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 UK
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 UAE
5.3.5.2 Saudi Arabia
5.3.5.3 South Africa
5.3.5.4 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 BASF SE
6.1.2 Amcor Ltd.
6.1.3 Honeywell International Inc.
6.1.4 Landec Corporation
6.1.5 Bemis Company Inc.
6.1.6 Crown Holdings Inc.
6.1.7 Ball Corporation
6.1.8 Sonoco Products Company
6.1.9 Graphic Packaging International LLC
6.1.10 Timestrip UK Ltd
6.1.11 Coveris Holdings SA
6.1.12 Sealed Air Corporation
6.1.13 Dessicare Inc.
6.1.14 WestRock Company

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

By Type
Active Packaging
Intelligent Packaging

By End-user Vertical
Food
Beverage
Healthcare
Personal Care
Other End-user Verticals

Geography
North America
US
Canada
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Rest of South America
Middle East and Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East and Africa

 

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Europe Wall Coverings Market – Growth, Trends, and Forecast (2019 – 2024)

Packaging Published by: Mordor Intelligence Market: Europe
100 pages Published: 13-06-2019
  • Packaging
  • Mordor Intelligence
  • Europe
  • 100 pages
  • Published: 13-06-2019

Market Overview

 

The Europe Wall Coverings Market is expected to register a CAGR of over 2.54% during the forecast period 2019 – 2024. Europe has emerged as the market leader for wallcoverings in the last decade. The European market is expected to witness robust growth and is likely to retain its market leadership over the forecast period.The region has witnessed a significant rise in the construction of new buildings, residential as well as commercial, on the back of low interest rates, good economic growth, and pent-up needs, and these factors have significantly contributed to the growth of home furnishing.

 

The rise in the number of residential houses or complexes due to an increasing number of nuclear families caused the residential segment to hold the larger share over commercial applications. In the present scenario, wall panels and wallpapers, which are sub-segments of wall coverings, are the dominant products.

 

The European population has been concerned about the home furniture and décor systems. Owing to the increasing number of high-income population, the spending on home furnishing has increased over the past few years. Due to this demand, European companies are investing significantly in innovative wallcoverings. For instance, Kobe’s library offers a wide range of fabrics and wallcoverings to create your own personal statement in interiors. 


High inventory costs have been one of the biggest challenges to the growth of the wallcoverings industry. Distributors are needed to stockpile the number of patterns, styles, and raw materials, and store them in controlled environments to protect them from various climatic conditions. Such storage requirements are coupled with very low inventory turnover rates.
While there are a number of wallpaper designs coming up, almost 80% of wallpapers purchased are from just 20% of the designs present in the inventory. This has led to the cost-conscious behavior of the wallcoverings industry.

 

Scope of the Report

 

Wall coverings protect the wall surface from accidental marks or scratches, besides imparting an air of quality and grandeur to uncovered walls. Wall coverings further help in neutralizing interior and customizing it with the help of various colours and patterns. These coverings are also cost-effective.

 

Key Market Trends

 

Non-commercial is expected to register a Significant Growth

 

The non-commercial applications include the residential usage of wallcoverings. Decreasing average household size, owing to the increasing number of individuals living alone, is driving the demand for real-estate, influencing the demand for wall coverings in the market. Consumer trends relating to wallcoverings in Europe are constantly shifting. Wallpaper remained the preferred choice of covering in the last decade, while panels are finding increasing demand in the residential segment.

Increased consumer awareness is resulting in consumers demanding specific wall coverings to suit their preference. This is creating a demand for high-end and customized wallcovering solutions in the residential sector in Europe.

Besides, increasing demand for premium real-estate is one of the important trends, impacting the market. Real-estate companies are focusing on value addition, by providing sophisticated designs and luxury interiors to lure consumers. The demand in residential wallcoverings is mainly driven due to the growth in household customization, as nuclear families are growing in the region. Moreover, owing to the increase in residential construction, coupled with the growth of the spending power of people in the region, the market has been handed a boost.

 

Additionally, a decrease in average household size, owing to an increasing number of individuals living alone, is driving the demand for real estate, influencing the demand for wallcoverings in the market. Moreover, advancement in wallcovers has led to the introduction of eco-friendly interior products for residences. With the 3D wall panels and 3D wall tiles becoming prominent in the market, in recent years.

 

The United Kingdom is expected to Hold Major Share

 

There were 27.2 million households in the United Kingdom, in 2017. The number of households increased by 6%, since 2007, similar to the growth in the UK population, during this period. Being the sixth-largest construction sector in the world, the UK construction industry is a major contributor to the domestic economy. It is a highly prioritized industry, with a pledge from the government to build 1,000,000 homes by 2020, and another 500,000 in the subsequent two years.

 

Furthermore, despite market volatility, the outlook is positive, considering the reports from the government of United Kingdom, the residential building and commercial building revenues are expected to grow by 3.1% and 3.0%, respectively, by 2023. This is pushing contractors to offer additional value in the form of premium interiors, creating demand for high-end wallcoverings.

The demand for real estate is also increasing, with an estimated demand of 300,000 new houses every year. This is further expected to impact the market, with higher demand for wallcoverings. Within the residential sector, prefabricated housing was dominated by timber frame systems, using storey height timber wall panels, when compared to the inner leaf, timber panels.


Competitive Landscape

 

The Europe Wall Coverings Market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on Europe Wall Coverings to strengthen their product capabilities. In November 2018, Nippon Paint Holdings Co. Ltd announced that Nippon Paint China has agreed to acquire a 70% stake in Shanghai Mega Coatings Co. Ltd and Mega Coatings (Nantong) Co. Ltd. With this acquisition, NP China will enter full-scale into the container and wind power infrastructure segments, both of which have strong growth potential in China’s industrial coatings market.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Higher Demand For Home Furnishing Among The European Countries
4.3.2 Availability Of Styled Products
4.4 Market Restraints
4.4.1 High Inventory Costs And Premium Pricing
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Wallpaper
5.1.2 Wall Panel
5.1.3 Decorative Tile
5.1.4 Metal Panel
5.1.5 Other Products
5.2 By Application
5.2.1 Commercial
5.2.2 Non-commercial
5.3 Geography
5.3.1 Europe
5.3.1.1 Germany
5.3.1.2 UK
5.3.1.3 France
5.3.1.4 Russia
5.3.1.5 Spain
5.3.1.6 The Netherlands
5.3.1.7 Rest of Europe
5.3.1.8 Belgium
5.3.1.9 Portugal
5.3.1.10 Russia
5.3.1.11 Poland
5.3.1.12 Italy

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Nippon Paint Group
6.1.2 Grandeco Wallfashion Group
6.1.3 Walker Greenbank PLC
6.1.4 A.S. Création Tapten AG
6.1.5 AkzoNobel NV
6.1.6 Brewster Home Fashions LLC
6.1.7 Adfors (Saint Gobain)
6.1.8 Ahlstrom-munksjö Oyj
6.1.9 Grespania Cerámica

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

 

MARKET SEGMENTATION

By Product
Wallpaper
Wall Panel
Decorative Tile
Metal Panel
Other Products

By Application
Commercial
Non-commercial

Geography
Europe
Germany
UK
France
Russia
Spain
The Netherlands
Rest of Europe
Belgium
Portugal
Russia
Poland
Italy

 

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