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Active and Intelligent Packaging Market – Growth, Trends and Forecast (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 14-06-2019 |
- Packaging
- Mordor Intelligence
- 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
Europe Wall Coverings Market – Growth, Trends, and Forecast (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 13-06-2019 |
- Packaging
- Mordor Intelligence
- 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
GCC (Gulf Cooperation Council) Rigid Packaging Market – Growth, Trends, and Forecasts (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: |
| 80 pages | Published: 13-06-2019 |
- Packaging
- Mordor Intelligence
- 80 pages
- Published: 13-06-2019
Market Overview
GCC Rigid Packaging market was valued USD 15.33 billion in 2018 and is expected to register a CAGR of 5.73% during the forecast period (2019 – 2024). Favorable economic and demographic trends, an increase in personal disposable income, and the expansion of economies are key factors that contribute to the expansion of market studied in various countries.
Rise in demand for domestically manufactured goods has led to a rise in demand for effective rigid packaging solutions, thus driving the growth of the rigid packaging market in major countries within GCC.
The high per capita income and younger demographic profile of GCC nations have a positive effect on the demand for high-value luxury goods and electronics goods. The working expatriate population is the reason for the increase in demand for consumer goods. Additionally, the regional governments have been emphasizing to improve their infrastructure to bring in an influx of tourists to their countries.
Government support for domestic food production is continuing to reduce reliance on imports, which is supporting the growth of the local food and beverage providers.
Scope of the Report
The rigid packaging market is segmented by material and end-user vertical. The materials are further segmented by plastic, glass, metal, and paper whereas the end-user vertical is segmented into food and beverage, pharmaceutical, personal care and industrial.
Key Market Trends
PET to Hold Major Share
In GCC region, the Polyethylene terephthalate (PET) segment of the market studied is estimated to expand at the highest rate, due to the high demand for PET resins in the manufacturing of bottles for soft drinks and other beverages. The demand for rigid packaging from the food and beverage industry is expected to be constant, which is also driving the demand for PET in the region.
Saudi Arabia currently recycles about 10% of its PET (polyethylene terephthalate) bottles. The recycling percentage is expected to grow with increasing focus of the government toward recycling, which, in turn, is likely to drive the demand of PET in the country.
In 2017, the Gulf Cooperation Council (GCC) has drafted technical regulations intended for food packages, food supplements, and food. This is further estimated to increase the demand for PET in the packaging industry.
Competitive Landscape
The GCC rigid packaging market is 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 Aug 2018, Amcor Limited and Bemis Company Inc. entered a definitive agreement, under which, Amcor would acquire Bemis for a USD 6.8 billion all-stock transactions.
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 Value Chain Analysis
4.3 Industry Attractiveness Porter’s Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Industry Regulatory Policies
4.5 Trade Analysis – Import/Export Analysis
4.6 Introduction to Market Drivers and Restraints
4.7 Market Drivers
4.7.1 Increasing Demand For Convenience Products, Due To Improving Consumer Lifestyle
4.7.2 Increasing Usage Of Plastics (Recyclable Plastics)
4.8 Market Restraints
4.8.1 Increasing Popularity Of Flexible Packaging In The GCC Countries
5 MARKET SEGMENTATION
5.1 By Material Type
5.1.1 Plastic
5.1.2 Glass
5.1.3 Metal
5.1.4 Other Material Types
5.2 By End-user Vertical
5.2.1 Food and Beverage
5.2.2 Pharmaceutical
5.2.3 Personal Care
5.2.4 Industrial
5.3 By Country
5.3.1 Saudi Arabia
5.3.2 UAE
5.3.3 Qatar
5.3.4 Rest of GCC
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Amcor Limited
6.1.2 Al Watania Plastics
6.1.3 Schott AG
6.1.4 Ball Corporation
6.1.5 Bemis Company Inc.
6.1.6 RAK Ghani Glass LLC
6.1.7 Sapin SA
6.1.8 Saudi Plastic Factory Company
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Material Type
Plastic
Glass
Metal
Other Material Types
By End-user Vertical
Food and Beverage
Pharmaceutical
Personal Care
Industrial
By Country
Saudi Arabia
UAE
Qatar
Rest of GCC
North America Plastic Bottles and Containers Market – Growth, Trends, and Forecasts (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: |
| 80 pages | Published: 13-06-2019 |
- Packaging
- Mordor Intelligence
- 80 pages
- Published: 13-06-2019
Market Overview
The North American plastic bottles and containers market is expected to register a CAGR of over 4.61% during the forecast period 2019 – 2024. Owing to the rising stringent regulations against plastic recyclability, the plastic bottle and container manufacturers, coupled with end-users are expected to use more recyclable materials.
The automotive industry has been utilizing steel fuel tanks, since the past few years. Although there have been issues, such as corrosion of steel tanks, failure of tanks in cases of collisions, etc., the lack of a better alternative made them the only available option. However, with the advancement of technology, steel tanks were replaced by plastic fuel tanks, which offer several advantages, over their steel counterparts. The structural disadvantage of a steel tank, compared to plastic fuel tanks, a susceptible failure in case of seam areas, is another factor driving the adoption of plastic tanks.
However, regulations have had a negative impact on plastic fuel tanks. Recent studies indicate that the vapors contribute a significant share of the hydrocarbons emitted from vehicles. The standard plastic fuel tank in a regular passenger car incurs a fuel vapor leak of over 90 mg a day. The stringent regulations aimed at reducing the carbon footprint of the vehicles control and monitor the vapor emissions from fuel tanks.
For instance, California Air Resources Board has enforced a law stating that the car should emit vapors of no more than 20 mg a day, to achieve the status of PZEV (partially zero-emission vehicle. This regulation has prompted manufacturers to revert to traditional steel fuel tanks, which reduced the vapor emissions to the required levels.
Plastic is one of the major pollutants resulting in environmental degradation. According to the Environmental Protection Agency, in 2015, the plastic found in products in the United States municipal solid waste stream was recorded mostly in containers and packaging with about 14,680 thousand metric ton, in 2015.Most of the plastics disposed in the environment stay for a long time and do not mineralize. Most of the materials disposed of in the ocean break down into smaller components and end up reaching fragile parts of the ocean. It has been estimated by United Nations Environmental program that 46,000 pieces of plastic debris float on every square mile of the ocean surface.
Thus, the marine life is being affected drastically, owing to improper disposal of plastic. Also, recent research is identifying the harmful effects of plastic packaging in foods. Thus, the impact of environment due to plastic usage is high. Also, with the U.S. plastic recycling rate showing no significant growth, the concerns relating to the use of plastic are growing. It is estimated that the plastic bottle recycling rate of United States currently at 31.1% in 2016, which decreased significantly from past few years. This is expected to have a negative impact on the market growth in the region over the forecast period.
Scope of the Report
Plastic bottles and containers are containers made exclusively or partially of plastic. The entire packaging industry heavily depends on plastic bottles and containers or containers with some plastic content, besides paperboard and other materials. There are a wide variety of innovative, cost-effective, and sustainable packaging solutions emerging in the market. The non-availability of raw materials has been a restraining factor for the industry, over the past decade.
Key Market Trends
HDPE is expected to register a Significant Growth
HDPE is used to make various types of bottles, and among those, un-pigmented bottles are translucent, with good stiffness and barrier properties. These materials are well suited for packaging products with a short shelf life, such as milk and other dairy products. HDPE also has good chemical resistance, which makes it a useful material for packaging many household and industrial chemicals, such as liquid detergents and solutions. Pigmented HDPE bottles have improved stress crack resistance than un-pigmented HDPE material.
One of the major applications of HDPE material is in non-carbonated drinks, fuel containers for automobiles, and milk packaging. Blow-molding application of HDPE makes it stronger and more versatile than PP and LDPE materials.
Beverages is expected to Dominate the Market in North America
By end user, Beverage segment dominates the plastic bottles and containers market in the region, owing to the growing consumption of plastic bottles by beverage companies and also due to growing innovation in the field.
Polyethylene terephthalate (PET) is used for the carbonated drinks packaging due to its high impact resistant nature and improved moisture and gas barrier properties. They have a rigid structure with high strength. Whereas Low-Density Polyethene (LDP) is used for squeeze and crush types of bottles. HDP bottles are also in significant use. Other beverages, like fruit juice, RTD tea and coffee, and energy drinks also rely on PET bottles for their clear advantages and the need to retain gasses and aroma.
Alcoholic beverages have a huge market in North America, but the plastic bottles and containers industry is receiving tough competition from glass and metals in this market, due to the higher quality and inertness offered, along with the premium look of glass bottles.
Competitive Landscape
The North American plastic bottles and containers 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 the prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability.
The companies operating in the market are also acquiring start-ups working on North American plastic bottles and containers technologies to strengthen their product capabilities. In February 2018, Berry Global Group Inc. acquired Clopay Plastic Products Company Inc., a subsidiary of Griffon Corporation, for USD 475 million in cash, on a debt-free, cash-free basis. The acquisition of Clopay is directly aligned with company’s fundamental strategic initiatives.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Gradual Shift From Steel To Plastic Fuel Tanks
4.3.2 Growing Demand From The Packaging Industry
4.4 Market Restraints
4.4.1 Growing Environmental Concerns Over The Use Of Plastic
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Raw Material
5.1.1 PET
5.1.2 PP
5.1.3 LDPE
5.1.4 HDPE
5.1.5 Others Raw Materials
5.2 By End-user Vertical
5.2.1 Beverages
5.2.2 Food
5.2.3 Pharmaceuticals
5.2.4 Cosmetics
5.2.5 Household Care
5.2.6 Other End User Industries
5.3 Geography
5.3.1 North America
5.3.1.1 US
5.3.1.2 Canada
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Alpha Packaging Inc.
6.1.2 Consolidated Container Company LLC
6.1.3 Amcor Limited
6.1.4 Berry Global Group Inc.
6.1.5 Gerresheimer AG
6.1.6 Alpack Plastic Packaging
6.1.7 Comar LLC
6.1.8 Graham Packaging Company LP
6.1.9 Plastipak Holdings Inc..
6.1.10 CKS Packaging Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Raw Material
PET
PP
LDPE
HDPE
Others Raw Materials
By End-user Vertical
Beverages
Food
Pharmaceuticals
Cosmetics
Household Care
Other End User Industries
Geography
North America
US
Canada
Wall Covering Market – Growth, Trends, and Forecasts (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 13-06-2019 |
- Packaging
- Mordor Intelligence
- 100 pages
- Published: 13-06-2019
Market Overview
The Wall Covering Market is expected to register a CAGR of over 4.63% during the forecast period 2019 – 2024. The increasing disposable income and rapid rise in urbanization have been significantly driving the historic transformation of human social roots on a global scale, by predominantly replacing rural culture. This has resulted in the increasing usage of wall coverings, along with other modern products, such as window frames with very low heat transmission, electrical cables and conduits, easily cleaned flooring, and light reflecting roofing.
Residential constructions account for a substantial market share in wallpaper market and are expected to witness a significant growth rate. The employment opportunities and population growth are fundamental drivers of rising demand for new housing as sustained population growth across the world has led to increased demand for all dwellings, including apartments.
Furthermore, high-density apartments have also accounted for most of this increase in residential buildings, such that in Australia, by 2015, apartments accounted for one-third of all residential building approvals. The increase in apartment construction delivered many dwellings that are less expensive than larger, lower-density housing.
The wall covering market suffers from negative consumer perceptions and stiff competition from paint and coatings. Paint is considered a better option, as compared to wall coverings in certain applications. For instance, in rooms with high humidity levels, paints are more suitable because, unlike wallpaper, paint is suited to both the kitchen and bathroom, can deal with humidity, and is mold resistant.
Moreover, removing existing wallpaper can be a tedious task that requires the right tools to be effective. Stripping wallpaper can be done with chemicals or stripping tools, but care must be taken or the wall can be damage.Paints, however, have reduced their cons over years. Applying primer paint in advance to painting over darker color paint will make painting preparation easier. Also, paint requires considerably less preparation time than wallpaper.
The 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. They further help in neutralizing interior and customizing it with the help of various colors and patterns. Also, these coverings are cost effective. The two common areas of applications of wall coverings include residential and commercial. Residential wall coverings are mainly used in homes and in small businesses to add attractiveness to rooms and to express individual style.
Key Market Trends
Residential Sector is expected to register a Significant Growth
The increasing demand for premium real estate is one of the vital trends impacting the market studied. Real estate companies are focusing on value addition, by offering sophisticated designs and luxurious interiors, to lure consumers.
The demand in residential wall coverings is mainly driven by household customization. Moreover, with increasing residential construction and growth of spending power of people, in regions like Asia-Pacific, the market studied is expected to register growth. Additionally, the decrease in average household size, owing to an increasing number of individuals living alone, is driving the demand for real estate, thereby influencing the demand for wall coverings.
Moreover, the advancements in wall covers have led to the introduction of eco-friendly interior products for residences. The 3D wall panels and 3D wall tiles have become prominent in the market, in recent times.
Geographic Trends
Latin America has a significant growth rate over the forecast period owing to flowing investments in the construction sector. Brazil has the highest market share in this region followed by Mexico. Growth opportunities through 2016 will be sparked by a recovery in both non-residential and residential building markets and strengthening prospects in renovation and repair markets.
Adoption of wall covering products in the region is buoyed by the increasing construction sector in countries like Brazil and Mexico along with the greatest gains in residential markets. For instance, China Communication and Construction also signed a USD 700 million deal for the construction of a terminal at the Port of Sao Luis, while a USD 300 million loan deal was reached between the Exim Bank of China and Banco do Brasil.
Imports of wall covering products have been steadily declining for a decade, reflecting the weakening market environment for wallpaper. However, changing consumer preferences and improving economies are expected to offer opportunities for growth in the region.
Competitive Landscape
The Wall Covering 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 share and increase their profitability. The companies operating in the market are also acquiring start-ups working on Wall Covering technologies to strengthen their product capabilities. In June 2017, Brewster Home Fashions makes a major move with product expansion by purchasing the assets of Fetco Home Décor Inc. company. This product expansion helps company product offerings even further into the home décor category as well.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Number Of Residential Buildings
4.3.2 Availability Of Styled Products
4.3.3 Increase In Do-it-yourself (Diy) Trends
4.4 Market Restraints
4.4.1 High Competition From Paints
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 Wall Panel
5.1.2 Wall Paper
5.1.3 Tile
5.1.4 Metal Wall Covering
5.1.5 Others
5.2 By Application
5.2.1 Commercial
5.2.2 Residential
5.3 By Distribution Channel
5.3.1 Specialty Store
5.3.2 Home Center
5.3.3 Building Material Dealer
5.3.4 Furniture Store
5.3.5 Mass Merchandizer
5.3.6 E-commerce
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 Adfors (Saint Gobain)
6.1.2 Ahlstrom-Munksjö Oyj
6.1.3 Asian Paints Limited (APL)
6.1.4 A.S. Création Group
6.1.5 Walker Greenbank PLC
6.1.6 Nippon Paint Holdings Co. Ltd
6.1.7 Grandeco Wallfashion Group
6.1.8 Brewster Home Fashion
6.1.9 J. Josephson Inc.
6.1.10 Benjamin Moore & Co.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Product
Wall Panel
Wall Paper
Tile
Metal Wall Covering
Others
By Application
Commercial
Residential
By Distribution Channel
Specialty Store
Home Center
Building Material Dealer
Furniture Store
Mass Merchandizer
E-commerce
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Pharmaceutical Contract Manufacturing (CMO) Market – Growth, Trends and Forecasts (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 13-06-2019 |
- Packaging
- Mordor Intelligence
- 100 pages
- Published: 13-06-2019
Market Overview
The Pharmaceutical Contract Manufacturing (CMO) Market is expected to register a CAGR of over 7.75% during the forecast period 2019 – 2024. The growing demand for generic medicines and biologics, the capital-intensive nature of the business, and the complex manufacturing requirements, many pharmaceutical companies have identified the potential profitability in contracting with a CMO (contract manufacturing outsourcing) for both clinical and commercial stage manufacturing. Additionally, pharmaceutical companies have been directing their priorities toward the core areas of competency, and hence, prefer not to dispense available resources, expertise, and technology on formulating the final dose of medicines.
In order to adapt to the paradigm shift in the biotechnology industry and the present biopharmaceutical industry trends, CMOs have decided to move away from solely renting manufacturing units to a business model that offers extensive development and production support.
CMOs and contract development and manufacturing organizations (CDMO) individually or together have started offering many specialized, value-added services for customers with early-stage development needs and for those who require support to generate a biologics license application (BLA) enabling process validation data package.
CMOs have begun offering early development support to their customers, along with fully integrated services, which include specialized services like aseptic fill–finish. Though the concept of CDMO was introduced earlier, it has been fully realized over the last few years.
The costs invested in R&D are continuously increasing, and yet the useful results returned from these processes are becoming rarer. Many companies have realized that moving this part of the business overseas and taking advantage of the still-emerging pharmaceutical markets is an effective method of cutting costs.
Despite the existing evidence regarding cost savings and competences that can be accrued, many companies are reluctant to give up that control, going so far as to state that logistics are a core competency for the company. However, that scenario seems to be changing slowly.
Scope of the Report
A contract manufacturing organization (CMO), called a contract development and manufacturing organization (CDMO), is a company that serves other companies in the pharmaceutical industry on a contract basis to provide comprehensive services from drug development through drug manufacturing. This allows major pharmaceutical companies to outsource those aspects of the business, which can help with scalability or can allow the major company to focus on drug discovery and drug marketing
Key Market Trends
Active Pharmaceutical Ingredient (Api) Manufacturing is expected to register a Significant Growth
The demand for API manufacturing has witnessed a sustained rise in the past few years, and it is expected to continue growing steadily, with further patent expiries expected in the future and a subsequent increase in global generic production capacities. Most of the companies in this industry are increasingly focusing on the development of biological APIs, which is driving the API market. The general prescription drug sub-segment occupies a major share in the API manufacturing segment, as compared to OTC drugs.
Other factors driving the growth of the API segment includes stringent government initiatives in the healthcare sector, innovation in biologics, and rise in the incidence of cancer and age-related diseases. However, strict European regulatory policies may hinder the segment’s growth.
Captive manufacturers are currently leading the API market; however, they are slowly expected to lose their market share to contract manufacturers toward the end of the forecast period. This is due to the complex and expensive in-house manufacturing of API and increasing competition from emerging players in this industry.The increasing emphasis on high-potency APIs is driving the growth of the segment. The novel technologies for HPAPIs can potentially change the in-out balance of CMOs in this fast-growing segment.
As the big pharma companies continue to scale down on manufacturing, greater opportunities for the CMOs are expected, both in the biopharmaceutical and small molecule API segments.
North America is Expected to Hold Major Share in United States
In North America especially, the United States is the world’s largest market for drugs and accounts for almost half of the R&D spending in pharmaceutical and biotechnology markets. Hence, CMOs play a critical role in this market and have invested in new facilities and technologies to cater to a wide range of outsourcers.The United States is expected to face strong competition from Asia-Pacific CMO providers, especially in solid dose formation.
The consolidation of CMOs is expected to occur within the next five years, as the competitors will either leave the industry, or abandon a specific area within the industry, or go out of business. This improves the pricing power of value-added CMOs.
Companies, such as Catalent and Patheon, have an established customer base in the United States and are leaders in oral and sterile dose formulations. These companies have been aggressive in expanding their products/services/capabilities through strategic alliances. With the recent acquisition of Confab, DPT Laboratories has become the global leader in prescription semi-solid and liquid formulations, acquiring proprietary products.
Competitive Landscape
The pharmaceutical contract manufacturing 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 enterprise network equipment technologies to strengthen their product capabilities. In April 2017, Famar announced the closure of the acquisition of a manufacturing site from Bayer, located at Pointe-Claire, Canada, with the transfer of full ownership of the plant to Famar.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Outsourcing Volume By Big Pharmaceutical Companies
4.3.2 Expansion In The Service Offering Of CMOS
4.3.3 Advent Of CDMO Model Into The Market
4.3.4 Increasing Investments In R&D
4.4 Market Restraints
4.4.1 Increasing Lead Time & Logistics Costs
4.4.2 Stringent Regulatory Requirements
4.4.3 Capacity Utilisation Issues Affecting The Profitability Of Cmos
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
4.7 Technology Snapshot
4.7.1 Dosage Formulation Technologies
4.7.2 Dosage Forms by Route of Administration
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Active Pharmaceutical Ingredient (API) Manufacturing
5.1.2 Finished Dosage Formulation (FDF) Development & Manufacturing
5.1.3 Secondary Packaging
5.2 Geography
5.2.1 North America
5.2.1.1 US
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 UK
5.2.2.3 France
5.2.2.4 Italy
5.2.2.5 Rest of Europe
5.2.3 Asia Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Australia
5.2.3.5 Rest of Asia-Pacific
5.2.4 Latin America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Mexico
5.2.4.4 Rest of Latin America
5.2.5 Middle East and Africa
5.2.5.1 UAE
5.2.5.2 Saudi Arabia
5.2.5.3 South Africa
5.2.5.4 Nigeria
5.2.5.5 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Pfizer Inc.
6.1.2 Baxter BioPharma solutions
6.1.3 Boehringer Ingelheim International GmbH.
6.1.4 Jubilant Life Sciences Limited
6.1.5 Recipharm AB
6.1.6 Catalent Inc.
6.1.7 Recipharm AB
6.1.8 Patheon Inc
6.1.9 Famar S.A.
6.1.10 Aenova Group
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
Active Pharmaceutical Ingredient (API) Manufacturing
Finished Dosage Formulation (FDF) Development & Manufacturing
Secondary Packaging
Geography
North America
US
Canada
Europe
Germany
UK
France
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
UAE
Saudi Arabia
South Africa
Nigeria
Rest of Middle East and Africa