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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
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
Asia-Pacific On-Demand Color Labels Market – Growth, Trends, Forecast (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: Asia-Pacific |
| 90 pages | Published: 12-06-2019 |
- Packaging
- Mordor Intelligence
- Asia-Pacific
- 90 pages
- Published: 12-06-2019
Market Overview
The Asia-Pacific On-demand Color Labels market was valued at USD 2886.10 million in 2018 and is anticipated to register a CAGR of 4.07% over the forecast period (2019-2024). The utilization of color labeling technology is likely to reduce the total color labeling cost by 50%, which is expected to fuel the market growth in Asia-Pacific. Furthermore, the incorporation and usage of this technology eliminate the cost of inventory of pre-printed waste and stock.
Pre-printed labels have a chance of ascended risk of errors, owing to printing over the improper stock, which is, in turn, projected to fuel the market growth in the region over the forecast period.
Color labels are becoming an integral part of an organization’s success, owing to the rising importance of branding, which offers a competitive edge to the product.
In Asia-Pacific, the growth in grocery retailers is at the most prominent phase, which is likely to drive the on-demand color label market growth.
Scope of the Report
On-demand color labels have diverse benefits over pre-demand. However, the cost per label is much higher than the conventional forms of labeling. The total cost of the color label is characteristically lower than 2-step label, owing to mitigation in transportation and storage expenditure.
Key Market Trends
Secondary to Hold Major Share
Secondary labeling is placed outside the primary packaging and is placed in a less prominent position, such as at the bottom, back, or side of a product.
A secondary label provides information about the product, such as health and safety warnings, its ingredients and nutritional values, manufacturer or supplier details, instructions for use, contact information, or detailed tracking and product information in a barcode format.
With the upsurge in the e-commerce industry in Asia-Pacific, the market for secondary packaging is on the rise, which subsequently generates demand for secondary labeling.
With the Asian countries acquiring leading positions, with the highest online shopping penetration, the region experiences significant demand for secondary packaging.
Competitive Landscape
The Asia-Pacific On-Demand Color Labels 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. In Mar 2018, Lexmark International Inc. announced Lexmark Pharmacy Order Assistant, a solution that fills the paper-based gaps in pharmacy order workflows, allowing users to process complex, paper-based pharmacy orders from their existing Lexmark smart multi-function printer (MFP) for increased accuracy, speed, and safety.
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 Industry Attractiveness Porter’s Five Force Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Value Chain Analysis
4.4 Introduction to Market Drivers and Restraints
4.5 Market Drivers
4.5.1 Growth In End-user Industry And Favorable Government Regulations
4.6 Market Restraints
4.6.1 Lack Of Products With Ability To Withstand Harsh Climatic Conditions
5 MARKET SEGMENTATION
5.1 By Type of Labelling
5.1.1 Primary
5.1.2 Secondary
5.2 By End-user Industry
5.2.1 Chemical
5.2.2 Retail
5.2.3 Manufcaturing
5.2.4 Other End-user Industries
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Avery Dennison Corporation
6.1.2 Brady Corporation
6.1.3 Lexmark International Inc.
6.1.4 Primera Technology Inc.
6.1.5 Cab Produkttechnik GmbH & Co. KG
6.1.6 Fuji Seal International Inc
6.1.7 CCL Industries Inc.
6.1.8 Cenveo Inc.
6.1.9 Bemis Company Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type of Labelling
Primary
Secondary
By End-user Industry
Chemical
Retail
Manufcaturing
Other End-user Industries
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
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
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