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Healthcare Packaging Market – Growth, Trends and Forecast (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 10-06-2019 |
- Packaging
- Mordor Intelligence
- 100 pages
- Published: 10-06-2019
Market Overview
The healthcare packaging market was valued at USD 110.36 billion in 2018, recording a CAGR of 6.35% over the forecast period (2019-2024). Increasing geriatric population, as a result of increased life expectancy rates globally, is creating a scope for medical device manufacturers and pharmaceuticals. The advent of novel products, owing to advancements in the fields of biopharmaceutical and biology, supported by the requirements for better compliance, is expected to drive the growth of the market further.
Governments across regions, globally, are making affordable healthcare mandatory, considering the need for healthcare access across all age groups, especially the aging population. For instance, the Affordable Care Act in the United States has allowed for almost 30 million more US citizens to obtain insurance.
Therefore, access to insurance results in greater consumer demand for pharmaceuticals and medical devices, along with an increased emphasis on personalized care. The need for customized medication requires label and packaging manufacturers to handle smaller batches with shorter lead times. As the packaging requirements across regions vary, the pharmaceutical companies are considering options to outsource their packaging needs.
The nature of pharmaceutical products implies that the majority of the containers used are disposable and only suitable for single use. Plastics dominate as the main type of material, owing to their performance, durability, and lightweight. However, these are not easily recyclable.
Of the global paper usage, the majority of the paper (approximately 51%, according to the Indian Paper Manufacturer Association, IPMA) is used for packaging purposes across several end users, including the healthcare packaging industry (for primary and secondary types of packaging). The regulations intended to reduce the usage of wood pulp in paper and cardboard manufacturing are also in place, considering environmental sustainability.
Scope of the Report
The healthcare industry has evolved from its erstwhile traditional form of practices to the current position. High-tech equipment and instruments are being deployed to improve efficiency, in addition to the increasing demand for sustainable packaging and processing operations. Increasing awareness regarding environmental issues and government regulations are pressurizing the pharmaceutical companies to move toward sustainable processes. These developments by the medical device and pharmaceutical vendors are providing scope for expansion to the healthcare packaging market.
Key Market Trends
Blister Packages are Expected to have the Highest Growth
Blister packages are one of the most popular and convenient dosing formats. The major companies that operate in the healthcare packaging industry provide non-PVC barrier blister packaging. This assists medical and pharmaceutical companies to meet sustainability objectives and shelf-life requirements, besides providing an economical alternative, in comparison to traditional market offerings.
Blister packs are used for medical instruments or devices, such as catheters and injection syringes. However, applications of blister packs in medical device packaging are lesser than their applications in pharmaceutical product packaging.
Blister packaging provides seal integrity and a high degree of the microbial barrier, to help keep the contents of the package sterilized, until use. Tyvek forms a strong seal bond with the thermoformed film, thus reducing the risk of contamination and package compromise, in case of impact to the lidding during shipping or storage.
Blister packaging has gained popularity to protect medication from moisture. Aligning to these trends, companies, like Burgopak and Ecobliss, have developed ingenious blister packaging that is child-proof. The rising compliances by the FDA, such as the CPG Sec. 450.500 (which requires providing visible evidence to consumers that tampering has occurred) have been driving the need for tamper-evident packaging. This has enabled security throughout the product’s lifecycle, including after purchase by a consumer. Blister packaging is the most used form of TEP, and has thus found an increased demand across the healthcare industry.
North America is Expected to Dominate the Market
North America is expected to remain the dominant regional segment over the forecast period in the healthcare packaging market. This can be primarily attributed to the strong presence of pharmaceutical and medical device manufacturers in the United States, as R&D investments of regional pharmaceutical companies have grown consistently over the past 15 years.
The United States is poised to remain the largest consumer of pharmaceutical packaging, as new sophisticated therapies with specialized packaging needs are being introduced. The increasing number of surgical operations, due to a rapidly growing population and stringent government standardizations, is expected to strengthen the US segment of the market studied, over the forecast period.
Sales of generic drugs in the United States reached an estimated USD 70 billion, representing a quarter of the global market. This can be attributed to a large number of drugs going off-patent as well as healthcare reforms favoring generics.
Competitive Landscape
The healthcare packaging market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent shares in the market are focusing on expanding their customer base across multiple countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability. The companies operating in the market are also acquiring start-ups working on the healthcare packaging market to strengthen their product capabilities. For instance, on Nov 2018, WestRock Company announced that it has completed the acquisition of KapStone Paper and Packaging Corporation. The company expects to achieve approximately USD 200 million in synergies and performance improvements by the end of fiscal 2021. The acquisition also strengthened WestRock’s presence on the West Coast of the United States and broadened WestRock’s portfolio of differentiated paper and packaging solutions with the addition of attractive paper grades and distribution capabilities.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increased Emphasis on Convenience and Environmental Issues while Using Healthcare Products
4.3.2 Rise In Medicine Counterfeiting Leading to Advanced Packaging and Labeling
4.4 Market Restraints
4.4.1 Environmental Concerns Related to Raw Materials for Packaging and Price Competition
4.5 Industry Attractiveness Porter’s Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Geography
5.1.1 North America
5.1.2 Europe
5.1.3 Asia-Pacific
5.1.4 Latin America
5.1.5 Middle East & Africa
5.2 By End-User Vertical
5.2.1 Pharmaceutical
5.2.2 Medical Devices
5.3 By Product Type
5.3.1 Pouches
5.3.2 Bags
5.3.3 Clamshell Packs
5.3.4 Trays
5.3.5 Blister Packs
5.3.6 Syringes
5.3.7 Caps and Closures
5.3.8 Cartons, Containers, and Boxes
5.3.9 Other Product Types
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 WestRock Company
6.1.2 Sonoco Products Company
6.1.3 Avery Dennison Corporation
6.1.4 Gerresheimer AG
6.1.5 DowDuPont
6.1.6 Amcor Limited
6.1.7 Bemis Co. Inc.
6.1.8 BASF SE
6.1.9 Sonoco Products Company
6.1.10 Industrial Development Company (INDEVCO) SAL
6.1.11 West Pharmaceuticals Services Inc.
6.1.12 Becton, Dickinson & Co.
6.1.13 Owens-Illinois Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 INVESTMENT ANALYSIS
MARKET SEGMENTATION
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
By End-User Vertical
Pharmaceutical
Medical Devices
By Product Type
Pouches
Bags
Clamshell Packs
Trays
Blister Packs
Syringes
Caps and Closures
Cartons, Containers, and Boxes
Other Product Types
Aseptic Packaging Market – Growth, Trends, and Forecast (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 11-06-2019 |
- Packaging
- Mordor Intelligence
- 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
PET Packaging Market – Growth, Trends, and Forecast (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: |
| 120 pages | Published: 11-06-2019 |
- Packaging
- Mordor Intelligence
- 120 pages
- Published: 11-06-2019
Market Overview
The PET packaging market is expected to register a CAGR of over 5.0% during the forecast period, 2019 – 2024. Packaging is moving from rigid to flexible packaging, as there have been many exciting new product developments, which have helped to demonstrate to consumers the true potential of flexible packaging.
PET possesses packaging properties that make it preferable over other packaging technologies. Certain beneficial properties of PET packaging are high transparency, shiny surface, good stability, high-pressure resistance, good barrier properties, and light weight.
The greater transparency and the shiny surface of PET packages offer a special appearance and give it a sophisticated image. New labeling solutions with double-sided printed labels can give to the bottle an aesthetically pleasing appearance. Moreover, the flexible production process permits a nearly unlimited diversity of design. In particular, the machine and mold technology offer a universal design with minimal mold costs.
Further, because of the outstanding material qualities, PET-containers are virtually unbreakable. This results from no fractures while filling, transporting, and use. Even with the damage, no injuries can be caused by splinter parts. PET gives optimal protection to all consumers. Owing to these properties, PET packaging is advantageous over other packaging materials.
Plastics have been mass-produced since the 1940s. The lifespan of the average plastic bag, bottle, or picnic fork may be 1,000 years or more. Human use of plastic has become so commonplace that scientists have estimated that by 2050 there will be more plastic than fish in the sea. Because of these adverse environmental impacts, plastics are being banned in certain countries. For instance, France has passed a new law to ensure that all plastic cups, cutleries, and plates can be composted and are made of biologically-sourced materials.
The new law is set to be implemented from 2020 and will be a part of France’s Energy Transition for Green Growth Act, an ambitious plan that aims to allow France to make a more effective contribution in tackling climate change. The country has already set a ban on disposable plastic bags. The restrictions on plastic products follow the global climate agreement reached in Paris in 2015, which aims to strengthen the ability of countries to deal with the impacts of climate change.
Moreover, the European Parliament has overwhelmingly approved a ban on single-use plastics, such as straws, plates, cutleries, and cotton-swab sticks in Europe by 2021, joining a global shift, as environmentalists emphasize the urgency of halting the use of materials that are detrimental to the environment.
Scope of the Report
PET, also known as polyethylene terephthalate, is a type of polyester. It is expelled or shaped into plastic jugs and boxes for packaging of food and refreshments, personal care items, and several other consumer products. PET is an ethylene glycol polymer and terephthalic corrosive. Pellets of PET pitch are warmed to form a fluid, which can be effortlessly expelled into any shape.
Key Market Trends
Rigid Packaging Segment Expected to Register a Significant Growth
The rigid packaging segment occupied the largest share of the market due to their extensive use in bottles, jars, containers, trays, and clamp shells. With plastic bottles continuing to witness a strong growth over the forecast period, the rigid PET packaging is expected to continue to dominate the market studied, during that time.
The trend of sustainability, which includes recycling and the use of bio-degradable forms of PET, is expected to rise over the forecast period. In some regards, it will always face sustainability issues due to the nature of its production. However, it is the recycling streams and the development of these that will help neutralize such sustainability issues.
Augmenting this trend, Unilever, in January 2017, announced that it is committed to ensuring that all of its plastic packagings are fully reusable, recyclable, or compostable by 2025.The Unilever company had already committed to reducing the weight of its packaging this decade by one-third by 2020 and increase its use of recycled plastic content in its packaging to at least 25% by 2025.
However, the introduction of flexible packaging uses lesser resources and energy than rigid polymers, compared to rigid packaging, which makes it an attractive choice. This may hamper the growth of rigid packaging in certain segments.
United States Region to Hold Significant Share
The demand for plastic bottles and containers in the United States is estimated to increase at a steady rate, owing to the increasing consumption and industrial applications of plastic-made containers. According to the Plastics Industry Association (PLASTICS), the demand for plastic bottles continues to expand in the United States. Plastic bottles and jars represented, approximately, 75% of all plastic containers, by weight, in 2017.
Plastic usage continued to increase across products and sectors, including food and beverage, household, pharmaceutical, and automotive chemicals and fluids. In the United States, about 50 billion plastic water bottles were purchased in 2017, an increase from the previous year. Though recycling rate was set for 23%, only 7% of the plastic collected was recycled and used to produce new bottles. The country is also growing its patent in plastic bottles and containers. For instance, in 2018, Graham Packaging Company was granted a patent for its new innovative plastic containers.
Rising awareness and consumer preferences for eco-friendly solutions are the primary factors for the rapid adoption of PET packaging. According to the PET Resin Association, virtually, all single-serving and 2-liter bottles of sodas and water sold in the country are made from PET plastic. The environmental impact of PET is very favorable as compared to glass, aluminum, and other recyclable container materials
Competitive Landscape
The PET packaging market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent shares in the market are focusing on expanding their customer base across foreign 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 Comar LLC announced the acquisition of Shore Plastic Technologies Inc. This acquisition is the latest in the series of recent investments by the company to improve the design and engineering capabilities, and to better serve customers in medical devices, pharmaceutical, diagnostic, and CPG market segments. Returnable transport packaging technologies to strengthen their product capabilities. In November 2017,
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 Outstanding Properties of PET
4.3.2 Rising Demand for Environment-friendly Packaging
4.4 Market Restraints
4.4.1 Regulations Aaainst the Use of Plastics In Some Regions
4.5 Value Chain Analysis
4.6 Industry Attractiveness Porter’s Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product Types
5.1.1 Bottles and Jars
5.1.2 Bags and Pouches
5.1.3 Trays
5.1.4 Lids/Caps and Closures
5.1.5 Other Product Types
5.2 By Packaging
5.2.1 Rigid
5.2.2 Flexible
5.3 By End-user Industry
5.3.1 Food & Beverage
5.3.2 Pharmaceuticals
5.3.3 Personal care and cosmetic industry
5.3.4 Industrial goods
5.3.5 Household Products
5.3.6 Other End-user industries
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 Latin America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of Latin America
5.4.5 Middle East & Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 South Africa
5.4.5.4 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Amcor Ltd.
6.1.2 Resilux NV
6.1.3 Gerresheimer AG
6.1.4 Berry Global Group Inc.
6.1.5 Silgan Holdings Inc.
6.1.6 Graham Packaging Company
6.1.7 GTX Hanex Plastic Sp. z o.o.
6.1.8 Dunmore Corporation
6.1.9 Comar LLC
6.1.10 Sonoco Products Company
6.1.11 Huhtamaki OYJ
6.1.12 Nampak Limited
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Product Types
Bottles and Jars
Bags and Pouches
Trays
Lids/Caps and Closures
Other Product Types
By Packaging
Rigid
Flexible
By End-user Industry
Food & Beverage
Pharmaceuticals
Personal care and cosmetic industry
Industrial goods
Household Products
Other End-user industries
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East & Africa
Folding Carton Packaging Market – Growth, Trends, and Forecast (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 11-06-2019 |
- Packaging
- Mordor Intelligence
- 100 pages
- Published: 11-06-2019
Market Overview
Global Folding Carton Packaging Market was valued at USD 117.13 billion in 2018 and is expected to register a CAGR of 4.4% over the forecast period (2019-2024). Folding carton packaging is one of the most used eco-friendly packaging solutions owing to its ability to be produced in many sizes with a small footprint, when compared to other bulkier packaging options, thus making it feasible for use in almost all end-user industries.
The growth in the folding carton packaging market is mainly due to the continued and increasing demand for frozen/chilled foods, dry foods, and cigarettes, especially in emerging economies. The demand for folding carton packaging from developed economies is expected to remain stable, during the forecast period.
The companies are also investing rigorously in recyclable folding cartons to offer eco-friendly solutions, thereby tapping a wide array of potential consumers. For instance, in April 2017, PaperWorks introduced coated recycled board (CRB) folding carton alternative enabling household product and healthcare marketers’ access to 100% recycled content.
Moreover, the regular fluctuations in wood pulp prices are expected to have a negative impact on the market growth. Since the past few years, the prices for paper has been increasing at a remarkable rate owing to outweighing global supply, which in turn has negatively affected the paper-based folding cartons packaging. The industry players are finding difficulties in acquiring more profit margins.
Scope of the Report
The folding carton packaging is one of the most famous eco-friendly packaging solutions. The applications range from simple local store solutions to electrical equipment packaging solutions. The major users of the solutions include food & beverage sector, e-commerce industry tobacco, and household goods.
Key Market Trends
Food and Beverages to Hold a Major Market Share
Sustainability has been a significant trend observed in the folding carton packaging market. With a strong pressure on the lesser usage of plastic, paperboard and paper cartons are experiencing a strong demand. Aligning to this trend, PaperWorks is launching three new coated recycled board (CRB) kraftback folding carton options, which are engineered to be cost-effective, and 100% recycled alternatives to virgin kraft, with multiple appearance and performance benefits.
Additionally, in 2018, Elopak introduced Pure-Pak cartons made with natural brown board. The new natural brown board Pure-Pak cartons are carbon neutral, and it was introduced one year after Elopak launched its fresh gable top carton made from natural brown board. Since its 2017 launch, the fresh carton has been successful on shelf across Europe for market-leading multinational and medium sized dairies.
Further, to gain consumer attention, laminated and printed cartons with graphics and well-designed labels has been a focus area for food and beverage manufacturers.
China to Hold a Major Market Share
Chinese consumers are turning to packaged goods, which provides convenience, aesthetics, and lifestyle branding. This growing demand for packaged foods products is fueling the growth of the folding carton packaging market in the country. China is one of the largest source of folding cartons, in both volume and value terms, because the country’s low manufacturing costs offset the cost of shipping these products.
Moreover, the country is also leading the way to rise in online grocery shopping among Asian countries. This growth in the online grocery shopping corresponds with the increased demand for convenience food and packaged food products, both of which add to the demand for folding cartons.
Competitive Landscape
The folding carton packaging market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. However, with innovative and sustainable packaging, many of the companies are increasing their market presence by securing new contracts and by tapping new markets. For instance, in 2018, Smurfit Kappa introduced digital innovation to the corrugated industry by developing a multi-purpose paper that is suitable for both digital and flexographic printers. Further, in 2018, WestRock Company acquired KapStone Paper and Packaging Corporation. The transaction is expected to significantly enhance WestRock’s scale and scope in the market, accelerate its ability to achieve strategic goals, and enhance its value proposition as the premier partner and provider of innovative, winning solutions to its customers.
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 Scope of the Study
1.2 Study Deliverables
2 RESEARCH METHODOLOGY
2.1 Study assumptions
2.2 Analysis Methodology
2.3 Research Phases
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 / Supply Chain Analysis
4.4 Introduction to Market Drivers and Restraints
4.5 Drivers
4.5.1 Increasing Demand for Eco Friendly Solutions
4.5.2 Potential Growth in Packaged Food Sales
4.6 Restraints
4.6.1 Fluctuations in the Price of Raw Materials
5 MARKET SEGMENTATION
5.1 End-user
5.1.1 Food and Beverages
5.1.2 Household
5.1.3 Personal Care
5.1.4 E-commerce
5.1.5 Healthcare
5.1.6 Tobacco
5.1.7 Hardware and Electrical
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 United Kingdom
5.2.2.2 Germany
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 India
5.2.3.3 Japan
5.2.3.4 Indonesia
5.2.3.5 Rest of Asia-Pacific
5.2.4 Latin America
5.2.4.1 Mexico
5.2.4.2 Brazil
5.2.4.3 Argentina
5.2.4.4 Rest of Latin America
5.2.5 Middle East and Africa
5.2.5.1 United Arab Emirates
5.2.5.2 Saudi Arabia
5.2.5.3 Israel
5.2.5.4 South Africa
5.2.5.5 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 WestRock Company
6.1.2 Bell Incorporated
6.1.3 Graphic Packaging International LLC
6.1.4 Mayr-Melnhof Karton AG
6.1.5 Smurfit Kappa Group PLC
6.1.6 Seaboard Folding Box Company Inc.
6.1.7 American Carton Company
6.1.8 Coburn Carton Solutions
6.1.9 Thoro Packaging
6.1.10 All Packaging Company
6.1.11 Quad Graphics Inc. (Quad Packaging)
7 Investment Analysis
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
End-user
Food and Beverages
Household
Personal Care
E-commerce
Healthcare
Tobacco
Hardware and Electrical
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Indonesia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Argentina
Rest of Latin America
Middle East and Africa
United Arab Emirates
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa
Asia-Pacific On-Demand Color Labels Market – Growth, Trends, Forecast (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: |
| 90 pages | Published: 12-06-2019 |
- Packaging
- Mordor Intelligence
- 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
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