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Retort Packaging Market – Growth, Trends, and Forecast (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: Global |
| 110 pages | Published: 07-06-2019 |
- Packaging
- Mordor Intelligence
- Global
- 110 pages
- Published: 07-06-2019
Market Overview
The retort packaging market was valued at USD 36.21 billion in 2018 and is expected to register a CAGR of 7.11% over the forecast period (2019-2024). The thermal sterilization of low-acid food products has been a prevalent means of preserving food and is the basis of the evolution of retort packaging. The ease and adaptability of the retort packaging technology resulted in rapid growth of the market.
Convenience is a major differentiating factor in packaging solutions. Recent innovations in retort packaging have emphasized reducing the overall weight of the materials, without compromising the packaging quality. This emphasis on weight reduction has received wide appreciation and is expected to be extensively adopted by the industry.
The drastic rise in the number of packaged food products occupying shelf-space in the market, which has boosted the demand for packaged food products, further.
The consumer goods companies are increasingly depending on packaging solutions, to gain a competitive edge in the market. Consumers are demanding products that have extended shelf life and are easy to use, which, in turn, is driving the companies to develop alternative packaging solutions
Scope of the Report
Retort pouches combine the advantages of the metal can with the frozen boil-in-the-bag. They consist a thin profile of the pouch or container that provides rapid heat transfer for both preparation and for sterilization during processing.
Key Market Trends
Pouches to hold Major Share
Owing to various advantages such as high shelf life equal to metal containers, resistance to corrosion, customizable size, etc. compared to the other available alternates, pouches are one of the most widely used packaging methods.
The manufacture of pouches is easier compared to other forms of packaging. The rapid transfer of heat, aids in the preparation and sterilization during packaging. The thin profile of the pouch contributes to about 30%-40% reduction of processing times; these factors have further aided in the growth of pouches for retort packaging.
Governments of countries, like India, have been keen on producing vegetables and other ready-to-eat food in pouches to avoid contamination of the products. This also enables the availability of such foods off the shelf. These pouches also can be vacuum packed, which can be used for products, like smoked seafood.
Due to the development of on-the-go food consumption, the size of consumption has been decreasing, which has further provided a boost for pouches. There has been a shift toward flexible packaging compared to rigid packaging, which further enables the growth of pouches.
The rise in the middle-aged population globally is stimulating the growth of packaged food. In many developing countries, the average rate of annual spending on packaged food has increased by more than 20% annually.
Geographic Trends
The United States accounts for more than 20% of the global food retail industry, with an estimated market size of more than USD 1,000 billion. The retail food industry is witnessing growth, owing to the growing demand for packaged food products. Further growth has been forecasted for the market, because of the rise in investments in the healthcare industry, for flexible and retort packaging solutions. The major industry players’ increasing focus on the lucrative market opportunities has resulted in major revenue-generating opportunities in the region. Being home to some of the biggest retail stores and highly-informed customers, makes North America, a very favorable destination for investments in the retort packaging market.
Competitive Landscape
The retort 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. However, with innovative and sustainable packaging, many of the companies are increasing their market presence by securing new contracts and by tapping new markets. For instance, in May 2018 Packaging companies Amcor and SIG partnered for Aluminum sourcing. The collaboration aims to ensure supply chain of aluminum foil meets Aluminium Stewardship Initiative (ASI). In Feb 2018, Constantia Flexibles is investing a double-digit million euro (INR 100 crore) amount in the expansion of production capacity at its Indian subsidiary Parikh Packaging, in Ahmedabad, Gujarat. The extra capacity is expected to come on stream in 2019 and serve the growing demand from leading multinationals in the food and home and personal care (HPC) industries in India.
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
Table of Contents
1. Introduction
1.1 Study Deliverables
1.2 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 Demand for Lightweight and Compact Packaging Materials
4.3.2 Sustained Growth in the Packaged Food Industry
4.4 Market Restraints
4.4.1 Higher Capital Investments and Raw Material Recycling Issues
4.5 Industry Attractiveness of Porter’s Five Force Analysis
4.5.1 Threat Of New Entrants
4.5.2 Bargaining Power Of Suppliers
4.5.3 Bargaining Power Of Consumers
4.5.4 Threat Of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5. Market Segmentation
5.1 By Packaging Type
5.1.1 Pouches
5.1.2 Cartons
5.1.3 Trays
5.1.4 Other Types
5.2 By Material Type
5.2.1 Polypropylene
5.2.2 Polyester
5.2.3 Aluminum Foil
5.2.4 Paper Board
5.2.5 Nylon
5.2.6 Food Grade Cast Polypropylene
5.2.7 Other Materials
5.3 By End User
5.3.1 Food
5.3.2 Beverages
5.3.3 Other End Users
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 and Africa
6. Competitive Landscape
6.1 Company Profiles
6.1.1 Amcor, Ltd
6.1.2 Constantia Flexibles
6.1.3 Bemis Company Inc.
6.1.4 Clifton Packaging Group Limited
6.1.5 Clondalkin Industries BV
6.1.6 Coveris Holdings SA
6.1.7 Flair Flexible Packaging Corporation
6.1.8 Mondi PLC
6.1.9 Tetra Pak International S.A
6.1.10 Proampac
6.1.11 Sonoco Product Company
6.1.12 Winpak Ltd
6.1.13 Sealed Air Corp.
7. Investment Analysis
8. Market Opportunities and Future Trends
Market Segmentation
Market Segmentation
By Packaging Type
Pouches
Cartons
Trays
Other Types
By Material Type
Polypropylene
Polyester
Aluminum Foil
Paper Board
Nylon
Food Grade Cast Polypropylene
Other Materials
By End User
Food
Beverages
Other End Users
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Cosmetics and Perfumery Glass Bottles Market – Growth, Trends, and Forecast (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: Global |
| 100 pages | Published: 10-06-2019 |
- Packaging
- Mordor Intelligence
- Global
- 100 pages
- Published: 10-06-2019
Market Overview
The global cosmetics and perfumery glass bottles market was valued at USD 1,745.91 million, and is estimated to witness a CAGR of 3.63% over the forecast period (2019-2024). Urbanization, growing millennial population, and rising disposable incomes are the major contributors to this growth. Urbanization created several opportunities for the market players. Further, consumer awareness regarding the availability of different cosmetics is driving the demand for cosmetic products, and subsequently, packaging.
Key players in the fragrance and perfume market are focusing on developing natural-based fragrances, due to the rising consciousness about risks associated with synthetic fragrances. For instance, the Luxe brand positioned itself as a natural fragrance brand, and is collaborating with celebrities for product endorsement.
The increasing demand for personalized and natural fragrances is augmenting the market’s growth. Key players are focusing on developing innovative fragrances and packaging to boost their sales across the world.
Furthermore, premium brands are gaining high popularity among consumers. Increasing consumer spending on luxury products, due to the rising disposable incomes (particularly in the Middle East and Europe) is instrumental in boosting the global fragrance and perfume market’s growth.
Bottles have been a favored pack format for decades, constituting a majority share of perfume and cosmetic packaging, and thus demonstrating the popularity of this pack type. Bottles are the core pack types for majorly all applications in these products, and thus, there is no apparent shift in product launches.
Bottles, however, are facing fierce competition from tubes, and thus, in response to the same, companies are providing different kinds of applications and closures for bottles to make them suitable for on-the-go use.
Scope of the Report
Packaging is a critical element for the cosmetic and perfume industries. Packaging for these industries is not only about security and protection but also about ensuring that the product is kept in its best condition during transportation and storage.
Key Market Trends
Perfume Segment Is Expected To Register a Significant Growth
As glass bottles dominate the global fragrance and perfume market, the growing demand for perfume is also expected to increase the usage of glass bottles in the cosmetic sector.
Also, the demand for natural-based, fragrances instead of synthetic-based ingredients, is growing, due to growing consciousness about the risk of allergies and toxins. For instance, the US-based Luxe Brands, Inc. is positioning itself as a natural fragrance brand and is collaborating with celebrities for product endorsement.
According to industry estimates, the Indian perfume industry is valued at INR 2000 crore, estimated to grow by 50% by 2020. The current online perfume market is also estimated at INR 148 crore, and is expected to increase by approximately 120%.
Also, the increasing importance of personal grooming, coupled with growing demand from the millennial population, is forcing many luxury perfume companies to cater to local markets too.
For instance, Ahmedabad-based luxury perfume company, All Good Scents, was launched in 2014. The company introduced its luxury products in the local market and recorded a month-on-month average sales growth of 40% in 2016.
The Increasing Adoption of Advanced Technologies
The increasing adoption of advanced technologies in the United States for cosmetic packaging and growing trends of skincare products are some of the significant factors driving the market growth. Nail care and perfume products seem to be the biggest focus of consumers and retailers in the country. Due to the growing demand for cosmetic products, many cosmetic vendors are also adopting and innovating intelligent glass packaging solutions to improve customers’ interests, as well as increase product safety.
For instance, in 2018, Verescence, with two production facilities in Atlanta, showcased its latest patented technologies in the United States, including unbreakable glass and mineral glass, as well as NEO infinite glass (the first premium clear glass composed of 90% recycled materials). It also introduced a wide range of stock bottles and many personalization techniques (colors, shapes, and decorations) that can transform La Collection bottles into customized creations.
The packaging vendors in the country are also producing airless pumps and glass bottles. These protect sensitive products, such as natural skin care creams, serums, foundations, and other preservative-free formula creams, by preventing them from excessive exposure to air, thus, increasing product shelf life up to 15%.
Competitive Landscape
The cosmetics and perfumery glass bottles 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 several countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and profitability.
The companies operating in the market are also acquiring start-ups working on cosmetics and perfumery glass bottles to strengthen their product capabilities. For instance, in Sep 2018, Lumson acquired Leoplast to boost its strength in the prestige makeup sector. This acquisition is expected to help the company generate substantial investments and support its development in international markets as an excellent manufacturer of primary packaging for lipsticks.
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 Market Drivers
4.2.1 Rising Demand for Dropper Bottles
4.2.2 Increased Emphasis on Packaging for Product Differentiation
4.3 Market Restraints
4.3.1 Growth of Plastic Packaging as a Substitute for Glass Bottles
4.4 Porters Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product
5.1.1 Perfumes
5.1.2 Nail Care
5.1.3 Skin Care
5.1.4 Other Products
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Russia
5.2.2.5 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 South Korea
5.2.3.3 India
5.2.3.4 Japan
5.2.3.5 Rest of Asia-Pacific
5.2.4 Latin America
5.2.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Verescence Inc.
6.1.2 Vidraria Anchieta
6.1.3 Vitro SAB De CV
6.1.4 Zignago Vetro SpA
6.1.5 Piramal Glass
6.1.6 Pragati Glass Pvt Ltd
6.1.7 Roma International Plc
6.1.8 Saver Glass Inc.
6.1.9 Sgb Packaging Inc.
6.1.10 Sks Bottle & Packaging Inc.
6.1.11 Stolzle-Oberglas GmbH
6.1.12 Apg Group (Verbeeck Packaging Group)
6.1.13 Baralan International SpA
6.1.14 Bormioli Luigi
6.1.15 Consol Glass (Pty) Ltd
6.1.16 Continental Bottle Company Ltd
6.1.17 Dsm Packaging Sdn Bhd
6.1.18 Gerresheimer Group
6.1.19 Heinz-Glas Group Holdings
6.1.20 Lumson SpA
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
Product
Perfumes
Nail Care
Skin Care
Other Products
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific
China
South Korea
India
Japan
Rest of Asia-Pacific
Latin America
Middle East & Africa
Green Packaging Market – Growth, Trends, and Forecasts (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: Global |
| 100 pages | Published: 10-06-2019 |
- Packaging
- Mordor Intelligence
- Global
- 100 pages
- Published: 10-06-2019
Market Overview
Green Packaging market registered a value of USD 224.92 billion in 2018 and is expected to register a CAGR of 5.7% over the forecast period 2019-2024. The packaging industry continues to make notable progress in environment-friendly innovations that meet consumer demand for a more sustainable community. There is a noticeable rise in awareness about high-performance packaging can increase the shelf life of a product and the need for sustainable end-of-life options for plastics waste.
Increasing awareness about environmental concerns among consumers and industries are primarily increasing the growth of the green packaging market.
Increasing public awareness about environmental concerns has resulted in higher demand for sustainable packaging and processing operations. Sustainability initiatives have advanced considerably, leading manufacturers to reduce the source material through downgauging, creating thinner and lighter packaging, while reducing waste.
Issues pertaining to sustainability, environment, ethics, safety, quality and product costs are becoming increasingly important for modern-day consumers when purchasing products. A number of these issues are also enforced by packaging legislative regulations, which is expected to have a positive impact on the green packaging market, globally.
Scope of the Report
Green packaging is also known as sustainable packaging that uses materials and manufacturing methods for the packaging of goods that has a low impact on both energy consumption and on the environment. Following the government regulations, most of the manufacturers use sustainable packaging to eliminate the contaminants and chemicals that destroy the water, soil, and atmosphere of our planet.
Key Market Trends
Food Industry is expected to hold the Major Share
The food industry is expected to hold the major share owing to the increasing usage of recyclable packaging and minimal waste generation practices in the industry.
Plastic bottles, aluminum cans, and reusable containers are the most preferred sustainable packaging solutions in the industry. Although most of the food packaging in the current market scenario is packed in plastics, only a small portion of it is recyclable or reusable.
The use of metal alternatives and refillable containers is increasing the use of aluminum cans and minimal packaging items, such as tubs and trays made from aluminum foil. This trend is mainly evident in the global dairy packaging industry. Manufacturers are increasingly preferring aluminum foil packaging alternatives, especially in North America and Europe, where sustainable packaging is one of the top preferences to pick a product.
According to European Aluminium AV, more than 22% of the aluminum produced in the region is used for packaging proposes. Also, with increasing awareness of green packaging, globally, the use of aluminum and recyclable/reusable food packaging is expected to increase, over the forecast period.
North America is Expected to Hold Largest Market Share
North America is currently the largest market for green packaging, globally. Unlike many regions in the world, where government regulations play a crucial part in the growth of green packaging, high awareness and consumer preferences for eco-friendly solutions are the prime reasons for rapid adoption. However, Asia-Pacific is estimated to be the major region along with the highest growth owing to immense demand for packaging from almost all end users dedicated to vast retail market and consumer preferences.
Competitive Landscape
The green 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. However, with innovative and sustainable packaging, many of the companies are increasing their market presence by securing new contracts by tapping new markets. For instance, in May 2018, 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.
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 Emergence of Substitutes such as Bioplastics
4.3.2 Increasing Awareness About Environmental Concerns Among Consumer Industries
4.4 Market Restraints
4.4.1 High Costs Involved with Recycling
4.5 Industry Attractiveness of Porter’s Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Suppliers
4.5.3 Bargaining Power Of Consumers
4.5.4 Threat Of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type of Packaging
5.1.1 Recycled Content Packaging
5.1.1.1 Paper
5.1.1.2 Metal
5.1.1.3 Plastic
5.1.1.4 Glass
5.1.2 Reusable Packaging
5.1.2.1 Drums
5.1.2.2 Plastic Containers
5.1.2.3 Intermediate Bulk Containers
5.1.2.4 Others
5.1.3 Degradable Packaging
5.2 By End User Industry
5.2.1 Food
5.2.2 Beverage
5.2.3 Pharmaceutical
5.2.4 Personal Care
5.2.5 Other Industries
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia Pacific
5.3.4 Latin America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Amcor Limited
6.1.2 Mondi Group
6.1.3 Sealed Air Corporation
6.1.4 Tetra Pak International SA
6.1.5 Winpak Limited
6.1.6 Berry Global Inc.
6.1.7 Bemis Company Inc.
6.1.8 BASF SE
6.1.9 Huhtumaki Oyj
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type of Packaging
Recycled Content Packaging
Paper
Metal
Plastic
Glass
Reusable Packaging
Drums
Plastic Containers
Intermediate Bulk Containers
Others
Degradable Packaging
By End User Industry
Food
Beverage
Pharmaceutical
Personal Care
Other Industries
Geography
North America
Europe
Asia Pacific
Latin America
Brazil Returnable Transport Packaging (RTP) Market – Growth, Trends and Forecast (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: Brazil |
| 100 pages | Published: 10-06-2019 |
- Packaging
- Mordor Intelligence
- Brazil
- 100 pages
- Published: 10-06-2019
Market Overview
The Brazilian returnable transport packaging market is expected to register a CAGR of over 5.6% during the forecast period, 2019 – 2024. With this propelling packaging industry, the Brazilian government is also focusing on adopting reusable and recyclable strategies to avoid the wastage of this diverse and growing packaging industry. Wastage and disposal of packaging products can lead to environmental impacts, such as landfills.
The Brazilian Food and Beverage (F&B) industry is one of the most vibrant industries that has seen unprecedented growth in the recent past, and continues to expand rapidly. This can be attributed to the changing demographics, increase in disposable incomes, and urbanization, in the country. The Brazilian Supermarket Association (ABRAS) reported supermarket revenues at USD 353.2 billion in 2017, a 5.4% of the country’s GDP. This result represented an increase of 0.8% in real terms and 4.3% in nominal terms. The retail sector is made up of 89,368 stores, expanding in both size and number of stores, 0.9% and 0.4%, respectively.
Of the overall retail industry, food and grocery accounts for a significant share in revenue, in Brazil. The growth in the retail industry is due to the demands from the consumers that subsequently result in rise in production and supply. Thus, transport packaging comes into action in the food and beverage industry. Reusable plastic containers (RPCs) excel at both temperature control and product protection, delivering superior quality in the marketplace. Designed and built for transport, display, safety, and over a hundred uses each, RPCs protect quality, reduce cost, and eliminate waste; thus, propelling the food and beverage industry to generate significant opportunities for the RTP market in Brazil.
The initial costs of RTP are high. This is because initially durable and costly products, such as crates, pallets, containers, are purchased (as a higher volume needs to be purchased, and the more durable nature of the materials are used). As a result of this, many companies view returnable transport packaging as a capital investment.
The usage of RTP may also increase operational costs, including, for example, transportation, sophisticated equipment, and tracing and tracking. These may pose as barriers to the adoption and use of RTP. Furthermore, barriers to the usage of RTP could be maintenance, storage, and administration. Additionally, the management of RTP is also resource intensive.
Another disadvantage of returnable transport packaging is that there is a significantly greater upfront cost due to the materials used, as well as the requirement for additional inventory to ensure that there is sufficient for use in all parts of the supply chain. However, the frequency of return and reuse drives the return on investment. The more times a returnable package is used, the greater are the long-term savings. Over time, a returnable package may save a considerable amount of money, when compared to a one-time or limited-use package.
Scope of the Report
Brazil has been a promising country for the global and Latin American packaging companies that are looking to expand their market presence in the country. The Brazilian packaging market is the fifth-largest in the world, with Brazil being the seventh-largest economy in the world, by nominal GDP. Moreover, there has been a constant growth in the Brazilian packaging market, from 2011 to 2016, due to a combination of various factors, like rising urbanization, investments in the construction sector, and the expansion of the healthcare sector.
Key Market Trends
Barrels and Drums is Expected to Register a Significant Growth
Drums and barrels are cylindrical containers that are used for shipping bulk cargo. They are primarily used in the transportation of liquid chemicals and handlings, such as hazardous chemicals, oils, petroleum, gasoline, liquefied natural gas (LNG), and liquid nitrogen. Industries, such as food and beverage, chemicals, oil and gas, etc., are mainly focusing on strengthening their supply chain capabilities, in order to deal with the increasing demand.
The country’s oil production, particularly, is contributing to the growth of the market studied, as oil transport mostly uses barrels. The volume of liquid bulk cargo handled by ports in Brazil decreased from 598.95 million metric ton in 2014 to 99 million metric ton in 2016, and 89.91 million metric ton during first half of 2017, as reported by the Brazilian Ministry of Transport.
Thus, as the oil and gas industry has been facing challenges, in terms of revenue, due to recovery from an economic downturn, companies are adopting sustainable solutions to reduce maintenance and transportation costs. Metals and plastics are the predominant materials used for forming drums and barrels. For food, grains and grocery, food-grade drums are manufactured using the best grade material and modern machinery that adhere to international standards, at the vendors’ end.
These drums are extensively used by numerous industries, for exporting their products to other countries. While food-grade drums and barrels are for the use of long-term food packaging, food safety grade barrels are for recycled drums, such that they do not contain toxic or harmful chemicals. Plastic drums and barrels are used for food products, as they do not react with food content, unlike metal barrels.
Further, pharmaceutical, chemicals, and wine manufacturers are demanding cost-effective, lightweight, yet durable packaging solutions for all their bulk liquid packaging needs, thereby, contributing to the demand for barrels and drums.
Increase in the Number of Retail Establishments
The Brazilian consumer good industry is one of the fastest-growing applications for returnable transport packaging. A considerable increase in the number of retail establishments and average number of goods provided by the retailers is increasing the demand for RTP solutions, in both intra-logistics and transport applications. The Brazilian supermarket sector alone recorded a turnover of BRL 353.2 billion in 2017, thus, indicating a nominal growth of 4.3%, when compared to 2016. (Brazilian Association of Supermarkets (ABRAS)). This growth and increasing e-commerce activities create a significant potential for the growth of the market studied.
The e-commerce sector is one of the largest users of RTP solutions, in the country. With over 68% internet penetration and over 52 million online shoppers in the country, e-commerce is increasing, thus, becoming a popular channel for the sales of consumer goods. In addition, there is a considerable increase in the number of cross-border e-commerce activities, in the country. In 2017 alone, about 22.4 million customers (41% of total e-shoppers in Brazil) purchased cross-border goods online, indicating an increase of 6%, when compared to 2016.
When compared to regular purchases, cross-border purchases involve more logistics operations, thus, leading to an immense demand for returnable transport packaging solutions, in the Brazilian e-commerce and retail industry. Over the forecast period, the increasing number of online shoppers (87 million by 2020) and considerable economic growth in the country are expected to bolster the retail activity, and subsequently, the demand for RTP solutions.
The downside scenario of the market would include Brazil not showing significant recovery from its economic crisis suffered in 2013, due to which the GDP and spending power of consumers may further drop. Because of limited consumer spending, sales of smartphones and other high-end products could face a frugal demand. This will lead to limited e-commerce sales as well. In such a case, the CAGR for this sector may range between 2-2.7%.
Competitive Landscape
The Brazilian returnable transport 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 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 shares and profitability. The companies operating in the market are also acquiring start-ups working on Brazilian returnable transport packaging technologies, in order to strengthen their product capabilities. In January 2018, Packaging company, Crown Holdings Inc., acquired Signode Industrial Group Holdings Ltd from Carlyle Group LP, in a deal valued at USD 3.91 billion.
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 Food and Beverage Sector in Brazil to Propel Demand For RTP
4.3.2 Long-term Cost Benefits Associated With RTP
4.4 Market Restraints
4.4.1 Relatively Higher Initial Costs Remain a Concern in Some Parts of the Country
4.5 Value Chain / Supply 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 and Services
4.6.5 Intensity of Competitive Rivalry
4.7 Technology Snapshot
4.7.1 Types of Circulation Systems
5 MARKET SEGMENTATION
5.1 By Material
5.1.1 Plastic
5.1.2 Metal
5.1.3 Wood
5.2 By Product
5.2.1 Containers
5.2.2 Pallets
5.2.3 Drums and Barrels
5.2.4 Other Products
5.3 By Application
5.3.1 Automotive
5.3.2 Food and Beverages
5.3.3 Consumer Goods
5.3.4 Other Applications
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Kuehne-Nagel Servicos Logisticos
6.1.2 Polymer Logistics NV
6.1.3 Chep Brazil
6.1.4 Nefab Embalagens LTDA
6.1.5 Signode Brasileira LTDA
6.1.6 IFCO Systems do Brasil Packing Services LDA
6.1.7 Orbis Corporation
6.1.8 Mugele Do Brasil LTDA
6.1.9 SSI Schaefer LTDA
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 INVESTMENT ANALYSIS
MARKET SEGMENTATION
By Material
Plastic
Metal
Wood
By Product
Containers
Pallets
Drums and Barrels
Other Products
By Application
Automotive
Food and Beverages
Consumer Goods
Other Applications
Healthcare Packaging Market – Growth, Trends and Forecast (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: Global |
| 100 pages | Published: 10-06-2019 |
- Packaging
- Mordor Intelligence
- Global
- 100 pages
- Published: 10-06-2019
Market Overview
The healthcare packaging market was valued at USD 110.36 billion in 2018, recording a CAGR of 6.35% over the forecast period (2019-2024). Increasing geriatric population, as a result of increased life expectancy rates globally, is creating a scope for medical device manufacturers and pharmaceuticals. The advent of novel products, owing to advancements in the fields of biopharmaceutical and biology, supported by the requirements for better compliance, is expected to drive the growth of the market further.
Governments across regions, globally, are making affordable healthcare mandatory, considering the need for healthcare access across all age groups, especially the aging population. For instance, the Affordable Care Act in the United States has allowed for almost 30 million more US citizens to obtain insurance.
Therefore, access to insurance results in greater consumer demand for pharmaceuticals and medical devices, along with an increased emphasis on personalized care. The need for customized medication requires label and packaging manufacturers to handle smaller batches with shorter lead times. As the packaging requirements across regions vary, the pharmaceutical companies are considering options to outsource their packaging needs.
The nature of pharmaceutical products implies that the majority of the containers used are disposable and only suitable for single use. Plastics dominate as the main type of material, owing to their performance, durability, and lightweight. However, these are not easily recyclable.
Of the global paper usage, the majority of the paper (approximately 51%, according to the Indian Paper Manufacturer Association, IPMA) is used for packaging purposes across several end users, including the healthcare packaging industry (for primary and secondary types of packaging). The regulations intended to reduce the usage of wood pulp in paper and cardboard manufacturing are also in place, considering environmental sustainability.
Scope of the Report
The healthcare industry has evolved from its erstwhile traditional form of practices to the current position. High-tech equipment and instruments are being deployed to improve efficiency, in addition to the increasing demand for sustainable packaging and processing operations. Increasing awareness regarding environmental issues and government regulations are pressurizing the pharmaceutical companies to move toward sustainable processes. These developments by the medical device and pharmaceutical vendors are providing scope for expansion to the healthcare packaging market.
Key Market Trends
Blister Packages are Expected to have the Highest Growth
Blister packages are one of the most popular and convenient dosing formats. The major companies that operate in the healthcare packaging industry provide non-PVC barrier blister packaging. This assists medical and pharmaceutical companies to meet sustainability objectives and shelf-life requirements, besides providing an economical alternative, in comparison to traditional market offerings.
Blister packs are used for medical instruments or devices, such as catheters and injection syringes. However, applications of blister packs in medical device packaging are lesser than their applications in pharmaceutical product packaging.
Blister packaging provides seal integrity and a high degree of the microbial barrier, to help keep the contents of the package sterilized, until use. Tyvek forms a strong seal bond with the thermoformed film, thus reducing the risk of contamination and package compromise, in case of impact to the lidding during shipping or storage.
Blister packaging has gained popularity to protect medication from moisture. Aligning to these trends, companies, like Burgopak and Ecobliss, have developed ingenious blister packaging that is child-proof. The rising compliances by the FDA, such as the CPG Sec. 450.500 (which requires providing visible evidence to consumers that tampering has occurred) have been driving the need for tamper-evident packaging. This has enabled security throughout the product’s lifecycle, including after purchase by a consumer. Blister packaging is the most used form of TEP, and has thus found an increased demand across the healthcare industry.
North America is Expected to Dominate the Market
North America is expected to remain the dominant regional segment over the forecast period in the healthcare packaging market. This can be primarily attributed to the strong presence of pharmaceutical and medical device manufacturers in the United States, as R&D investments of regional pharmaceutical companies have grown consistently over the past 15 years.
The United States is poised to remain the largest consumer of pharmaceutical packaging, as new sophisticated therapies with specialized packaging needs are being introduced. The increasing number of surgical operations, due to a rapidly growing population and stringent government standardizations, is expected to strengthen the US segment of the market studied, over the forecast period.
Sales of generic drugs in the United States reached an estimated USD 70 billion, representing a quarter of the global market. This can be attributed to a large number of drugs going off-patent as well as healthcare reforms favoring generics.
Competitive Landscape
The healthcare 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 prominent shares in the market are focusing on expanding their customer base across multiple countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability. The companies operating in the market are also acquiring start-ups working on the healthcare packaging market to strengthen their product capabilities. For instance, on Nov 2018, WestRock Company announced that it has completed the acquisition of KapStone Paper and Packaging Corporation. The company expects to achieve approximately USD 200 million in synergies and performance improvements by the end of fiscal 2021. The acquisition also strengthened WestRock’s presence on the West Coast of the United States and broadened WestRock’s portfolio of differentiated paper and packaging solutions with the addition of attractive paper grades and distribution capabilities.
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 Increased Emphasis on Convenience and Environmental Issues while Using Healthcare Products
4.3.2 Rise In Medicine Counterfeiting Leading to Advanced Packaging and Labeling
4.4 Market Restraints
4.4.1 Environmental Concerns Related to Raw Materials for Packaging and Price Competition
4.5 Industry Attractiveness Porter’s Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Geography
5.1.1 North America
5.1.2 Europe
5.1.3 Asia-Pacific
5.1.4 Latin America
5.1.5 Middle East & Africa
5.2 By End-User Vertical
5.2.1 Pharmaceutical
5.2.2 Medical Devices
5.3 By Product Type
5.3.1 Pouches
5.3.2 Bags
5.3.3 Clamshell Packs
5.3.4 Trays
5.3.5 Blister Packs
5.3.6 Syringes
5.3.7 Caps and Closures
5.3.8 Cartons, Containers, and Boxes
5.3.9 Other Product Types
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 WestRock Company
6.1.2 Sonoco Products Company
6.1.3 Avery Dennison Corporation
6.1.4 Gerresheimer AG
6.1.5 DowDuPont
6.1.6 Amcor Limited
6.1.7 Bemis Co. Inc.
6.1.8 BASF SE
6.1.9 Sonoco Products Company
6.1.10 Industrial Development Company (INDEVCO) SAL
6.1.11 West Pharmaceuticals Services Inc.
6.1.12 Becton, Dickinson & Co.
6.1.13 Owens-Illinois Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 INVESTMENT ANALYSIS
MARKET SEGMENTATION
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
By End-User Vertical
Pharmaceutical
Medical Devices
By Product Type
Pouches
Bags
Clamshell Packs
Trays
Blister Packs
Syringes
Caps and Closures
Cartons, Containers, and Boxes
Other Product Types
Aseptic Packaging Market – Growth, Trends, and Forecast (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: Global |
| 100 pages | Published: 11-06-2019 |
- Packaging
- Mordor Intelligence
- Global
- 100 pages
- Published: 11-06-2019
Market Overview
Growth in the aseptic packaging market is driven by the ability of the packaging to cater to the need for high and uniform product quality, downgauging of packaging, need for higher nutrient retention and to avoid the bisphenol A (BPA) controversy, which is commonly found in can liners. Aseptic packaging has been able to meet all these demands, while increasing the shelf-life of selected products by an estimated time period of six to twelve months without refrigeration.
Aseptic packaging has become a strong substitute to canning and the use of preservatives for increasing shelf-life. Though there is a requirement for high initial investment for material and packaging machinery that are specific to this process, the ROI achieved due to the reduced cost of cold chain logistics and distribution, as well as preservatives, has allowed manufacturers to reap benefits within three to five years.
The pharmaceutical and healthcare sector is expected to witness strong growth over the forecast period, aided by opportunities with heat-sensitive advanced injectable and infusion therapies and trends toward self-administration of injectable drugs for chronic conditions. Prefillable syringes, which help in eliminating dosing errors, are expected to witness the fastest gains among all aseptic packaging product types.
The beverage industry holds the largest market share, driven by the high consumption of milk, dairy, and RTD beverages, particularly from Asia-Pacific, which has projected a significant increase in adopting aseptic cartons and pouches. In addition, the trend has been augmented by favorable consumption in ready-to-drink premium wellness beverages and product differentiation advantages for beverage packaging across the world.
Scope of the Report
The specialized manufacturing process in which food, pharmaceutical, or other contents are sterilized separately from packaging is called aseptic packaging. It involves inserting the contents into a container in a sterile environment. In this method, a high temperature is used to maintain the freshness of the contents, while also ensuring that microorganisms do not contaminate the content.
Key Market Trends
Beverage Segment Anticipated to Witness Strong Growth
The ready-to-drink beverages include bottled or canned tea and coffee. Energy drinks, such as sports nutrients, high-nutrient, and flavored water, alcopops, and ready-made alcohol cocktails are also all examples of ready-to-drink beverages. These beverage types have witnessed a significant rise in consumption. Also, other beverages, such as vegetable juices, wine, smoothies, and bar mixes are experiencing increased demand.
Lately, ready-to-drink iced tea has grown considerably due to increasing demand. In 2017, delivering on the consumers’ changing needs, Nestlé Waters North America introduced new premium Nestea ready-to-drink iced tea beverages, and at the same time, repositioning the classic brand.
Additionally, in June 2018, Starbucks, in partnership with Anheuser-Busch, began shipping ready-to-drink premium Teavana Craft Iced Tea to selected grocery and convenience retailers in New Hampshire, New York, Vermont, and Missouri. In order to keep these increased tea contents safe, aseptic packaging was employed.
Asia-Pacific Region Expected to Witness the Fastest Growth
Asia-Pacific is one of the fastest-growing aseptic packaging markets, owing to the massive adoption of the technology, coupled with increasing concerns regarding product safety and shelf-life. China is also emerging as one of the dominating countries, even at the global level.
The sale of aseptic packages proliferated in China, registering a sales volume of about 80 billion units over the period 2013-2016. According to the USDA, China’s demand for imported dairy products is expected to increase. However, China’s retaliatory tariffs on US dairy products are expected to make it difficult for US dairy companies to take advantage of this situation, thus, opening up an opportunity for local vendors.
China has invested more in the development of aseptic packaging technology and equipment. Guangdong, Beijing, Shanghai, Wenzhou, and Ningbo produce aseptic packing machines of paper boxes, plastic cups, equipment, and packaging materials of ultra-high temperature sterilization. China has remained one of Tetra Pak’s major markets. However, with local enterprises entering into the aseptic packaging industry, Tetra Pak’s shares in the Chinese market have reduced.
Competitive Landscape
The aseptic 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 bases across foreign countries.
These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability. The companies operating in the market are also acquiring startups working on aseptic packaging, in order to strengthen their product capabilities.
In August 2018, Sealed Air expanded its solutions portfolio and design capabilities with the acquisition of AFP Inc., a leading, privately held fabricator of foam, corrugated, molded pulp, and wood packaging solutions. AFP specializes in custom-engineered protective packaging for retail, e-commerce, and direct shipping applications. Acquiring the company will allow Sealed Air to better position its fabricated foam innovations, such as EcoPure, a sustainable solution made from plant-based resin.
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 Demand to Reduce Cost of Cold Chain Logistics
4.3.2 Increasing Demand for Longer Shelf-life of Products
4.4 Market Restraints
4.4.1 Manufacturing Complications and Lower ROI
4.5 Industry Attractiveness: Porter’s Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Value Chain Analysis
4.7 Technology Snapshot
4.8 Industry Policies
5 MARKET SEGMENTATION
5.1 By Pharmaceutical Industry
5.1.1 Pharmaceutical Industry Outlook
5.1.2 Market Breakdown – By Product
5.1.2.1 Prefillable Syringes
5.1.2.2 Bottles
5.1.2.3 Vials and Ampoules
5.1.2.4 IV Bags
5.2 By Beverage Industry
5.2.1 Beverage Industry Outlook
5.2.2 Market Breakdown – By Product
5.2.2.1 Fruit Beverages
5.2.2.2 Milk and Other Dairy Beverages
5.2.2.3 Ready-to-drink Beverages
5.3 By Food Industry
5.3.1 Food Industry Outlook
5.3.2 Market Breakdown – By Product
5.3.2.1 Dairy Foods
5.3.2.2 Processed Foods, Fruits and Vegetables
5.3.2.3 Soups and Broths
5.3.2.4 Baby Food
5.3.2.5 Other Food Products
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 South America
5.4.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Tetra Pak International SA
6.1.2 Amcor Limited
6.1.3 Sealed Air Corporation
6.1.4 SIG Combibloc Group
6.1.5 Bemis Company Inc.
6.1.6 Schott AG
6.1.7 Coveris Holdings SA
6.1.8 DS Smith PLC
6.1.9 Elopak AS
6.1.10 Mondi PLC
6.1.11 Becton, Dickinson & Co
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Pharmaceutical Industry
Pharmaceutical Industry Outlook
Market Breakdown – By Product
Prefillable Syringes
Bottles
Vials and Ampoules
IV Bags
By Beverage Industry
Beverage Industry Outlook
Market Breakdown – By Product
Fruit Beverages
Milk and Other Dairy Beverages
Ready-to-drink Beverages
By Food Industry
Food Industry Outlook
Market Breakdown – By Product
Dairy Foods
Processed Foods, Fruits and Vegetables
Soups and Broths
Baby Food
Other Food Products
Geography
North America
Europe
Asia-Pacific
South America
Middle East & Afric