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Market Overview

In its research report, Market Research Future (MRFR), emphasizes that the Cups and Lids Market 2020 is expected to grow significantly, securing a substantial market valuation and a healthy CAGR over the review period. 

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Drivers and Restraints

Demand for food packaging has increased due to an inclination of consumers towards the specialty & processed food and advanced food packaging content. Therefore, the growing demand for packaged food and food patterns, preferred by convenience and smaller portions of products, has, to some degree, offset the packaging industry. In addition, different packaging styles and shapes such as cartoon designs, logo printed, coffee, tea or any other beverage styles have a direct effect on consumers' buying decisions, which is likely to have a positive effect on market development. Packaging cups received considerable attention and became a more popular snack choice. In addition, the compact and pre-packaged design of packaged goods is among the factors driving market development. This, in effect, positively impacts food producers' profits and also allows products to be priced at a higher price. The market for premium yogurt packaging has increased since the popularity of single-cup brewing systems, and cups for dairy products is experiencing a considerable market. Rapid growth in food & beverage packaging such as coffee, hot drinks, milk, and dairy products, sports and energy drinks, and alcoholic beverages has boosted cup and lid demand. The growing demand for cups and lids is driven by the evolving lifestyle and economic development, which further drives the fast-food services industry. Furthermore, increasing investment to create creative packaging further accelerates the growth of the global market for cups and lids.

Market Segmentation

The global cups and lids market is segmented into material type, product, and application. 

By material type, the global market is split into paper & paperboard, plastic, metal, and others. Among other cup materials, the paper cups are experiencing the fastest growth, which reflects environmental concerns about foam cups, growing restrictions on polystyrene foam disposables, and increasing pressure from environmental groups.

Based on the product, the global market is segmented into cups and lids.

Based on the application, the global market is segmented into food & beverage, foodservice, retail, and other applications. 

Regional Analysis

The geographical overview of the global market has been analyzed in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world. 

 North America is leading the market, followed by Europe. The US-dominated the market for the past few years, and is now experiencing a stage of maturity while Russia and Mexico are relatively higher grossing country-wise markets for these regions. The higher concentration of key players in these regions is driving the growth of the market over the review period. In contrast, market maturity in developed countries will moderate overall growth. Still, demand in the U.S., Western Europe, and other developed areas will be supported by the greater use of relatively expensive biodegradable, compostable, and recycled- content products.

The Asia Pacific is the fastest-growing region for the cups & lids market in which emerging markets of India and China are the major contributors. The highest growth rates are expected in India and China, followed by Indonesia. Rising living standards and the rapidly growing number of limited-service restaurants for packaged food and beverages in cups and using lids are boosting the market towards the market. 

Key Players

Some of the industry giants operating in the global cups & lids market are Georgia-Pacific LLC (U.S.), Clondalkin Group Holdings (The Netherlands), Greiner Holding AG , Huhtamäki Oyj Reynolds Group Holdings Limited, PrintPack Inc. (U.S.), Solo Cup Operating Corporation (U.S.), Bemis Company, Inc.(U.S.), WinCup (U.S.), International Paper Company (U.S.), Airlite Plastics Company (U.S. ), and Berry Global Inc.(U.S.).

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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The Cargo Transportation Market is growing continually. Market growth attributes to the rising need to create the highest levels of confidence around cargo transportation and visibility from order to cargo deliverance processes. Logistic businesses worldwide are flourishing with rapid digitization and automation. Growing uses cargo transportation services across industries, and logistic businesses escalate the market growth.

With the rising export-import trades and shipment & courier business globally, the market is projected to perceive substantial traction in the recent future. In this regard, Market Research Future (MRFR) states that the global cargo transportation market is expected to garner significant gains by 2030, growing at a 6.8% CAGR during the review period (2022 – 2030).

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Advances in Technologies and Production & Manufacturing Processes Scale-up Cargo Transportation Market 

Additionally, the rising need for improved productivity, performance and security of logistics-intensive businesses bolster the growth of the market. Logistics service providers (LSPs) that find it difficult to shell out high transportation costs and an inferior customer experience create substantial market demand. Increasing adoption of cargo transportation services to plan, allocate, and execute shipments, push the market shares.

Furthermore, the rising demand for software-as-a-service solutions to route, schedule, track, and measure delivery resources boosts market size. Forward-looking companies constantly think about creating value with innovations that can take customer experience to the next level. Increasing demand for advanced solutions that can monitor the location and other critical cargo parameters like acceleration events pushes the market size further. 

Global Cargo Transportation Market - Competitive Analysis 

Highly competitive, the cargo transportation market appears to be fragmented, with several well-established players forming a competitive landscape. These players incorporate strategic approaches such as mergers & acquisitions, collaboration, partnership, expansion, and product/ technology launch to maintain their positions and gain a competitive advantage in this market. These players focus on new product development initiatives and geographical expansion. 

Major Players: 

Players leading the global cargo transportation market include Amerijet International Airlines (US), Crowley Maritime Corporation (US), DSV Panalpina A/S (Germany), Expeditors (US), Bohnet GmbH (Germany), Schumacher Cargo Logistics Inc. (US), APL (US), Orient Overseas Container Line Limited (Hong Kong), Panalpina Welttransport Holding AG (Switzerland), ISDB Logistik GmbH (Germany), Accenture PLC (Ireland), Manhattan Associates (US), and CEVA Logistics (UK), among others.

Global Cargo Transportation Market - Segmentation

The report is segmented into types, shipment categories, applications, and regions. The type segment is sub-segmented into rail transportation, road transportation, air transportation, and sea transportation. 

The shipment category segment is sub-segmented into freight, parcel, express, and others. The application segment is sub-segmented into construction & mining, oil & gas, healthcare, food & beverages, and others. The region segment is sub-segmented into North America, Europe, Asia Pacific, and the Rest-of-the-World. 

Global Cargo Transportation Market - Regional Analysis

North America dominates the global cargo transportation market. The largest market share attributes to the increasing industrialization and increasing commercial & military activities in the region. Besides, the rapidly increasing investments and demand for cargo transportation propel the regional market. 

Increasing imports and exports, alongside the huge demand for logistic services, impact the market growth positively. Furthermore, the growing e-commerce industry and huge demand for online shopping in the region fuel the market growth.

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Industry/ Innovation/ Related News

July 21, 2021 --- Arkema (France), a major specialty materials manufacturer, announced a partnership with Nexxiot AG, a leading digital logistic solutions provider, to revolutionize chemical transportation using sustainable cargo transports. Arkema would now harness Nexxiot logistics digitization capabilities, such as IoT devices and intelligent cloud platforms, to digitize its Isotank (tank container) and rail freight wagon fleet. The partnership would deliver end-to-end visibility for Arkema customers to improve quality standards and transform the overall service experience.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US) 

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

The overwhelming consumption o various beverage drinks is prompting the expansion of the Beverage Cans Market 2020. The packaging & transport industry reports are created by Market Research Future, which emphasizes on market choices for expansion. The market is poised to grow at a steady CAGR in the forecast period.

The reliance on beverage refreshments in almost every social gathering has prompted the surge in their demand and is estimated to spur the beverage can market in the coming period. Moreover, the surge in packaging innovation is estimated to prompt the development of the market for beverage cans in the forecast period.

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Segmental Analysis 

The segmentation of the beverage cans market has been conducted based on applications, materials, and regions. The material, basis of segmenting the beverage cans market has been divided into steel and aluminum. The application-based segmentation of the beverage cans market consists of alcoholic beverages, carbonated soft drinks, fruit & vegetable juices, and others. Based on regions, the market for beverage cans has been segmented into Europe, Asia Pacific, North America, and the rest of the world.

Competitive Analysis

The development of the market is contingent on the delicate balance of the forces of demand and supply. The consumers in the market are well aware of their requirements and how the market can meet them. The enrichment of the sources of supply is allowing the market players to create products that can be successful in the market effectively. The collaboration of competitors in this market is expected to give way to new developments and novel product launches. The availability of advantageous policies and regulations by trade bodies and governments is expected to hasten the growth of the market in the projected period. The improved economic state of the companies is expected to lead to better research and development trials and activities in the impending period. The upgradation in production capacity is estimated further to accelerate the market expansion in the upcoming period.

The well-known companies in the beverage cans market are Kian Joo Can Factory Berhad (Malaysia), HUBER Packaging Group GmbH (Germany), Orora Packaging Australia Pty Ltd (Australia), Toyo Seikan Group Holdings, Ltd. (Japan), BWAY Corporation (U.S.), CPMC Holdings Ltd. (China), Crown Holdings Incorporated (U.S.), Ball Corporation (U.S.), Silgan Holdings Inc. (U.S.), Ardagh Group (Luxembourg), and Can-Pack SA, (Poland).

Detailed Regional Analysis 

The regional examination of the beverage cans market has been segmented into regions such as Europe, Asia Pacific, North America, and rest of the world. The North American region has established itself as the leading player in the beverage cans market. The surge in mounting demand for metal cans in the region is principally motivating the augmentation of the market. Furthermore, the mounting concern regarding employment and the use of sustainable packaging materials is likely to impel the demand for market development. The European region has emerged as another chief market for the beverage cans. The countries of the U.K., Germany, and France are the key markets in the region. The greater than before recycling actions undertaken by the regulatory bodies is estimated to enhance the market growth further. The Asia Pacific region is anticipated to develop at the highest CAGR for the period of the forecast. The major markets of Japan, China, Australia, India, and Indonesia in the Asia Pacific region are projected to enhance the market. The amplification in buying power in the region is encouraging the augmentation of the market. Moreover, the easier availability of raw materials and reduced labor fee are exerting a positive influence on the market augmentation.

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Industry Updates:

 Mar 2020 Crown Holdings has declared that it will construct a novel beverage can production facility in Kentucky, USA, to sustain augmented demand for beverage cans in the region of North America. The site will provide beverage cans to firms serving an assortment of categories such as energy drinks, hard seltzers, sparkling water, carbonated soft drinks, nutritional beverages, teas, craft beers, and cocktails. 

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US) 

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

The Adhesive Tapes Market perceives exponential traction. It is an application-based market and relies heavily on its usage across sectors like food & beverages, construction, and automotive, driving the market demand. Besides, the market growth attributes to the spurring rise in packaging and healthcare industries worldwide. The increasing consumption of adhesive tapes across all the sectors, both as commodity tapes and specialty tapes, escalate market growth. 

According to Market Research Future (MRFR), the global adhesive tapes market is projected to cross a valuation of USD 62 BN by 2022, registering approximately 5% CAGR during the review period (2016 -2022). Versatile adhesive tapes suit a range of tasks and provide long-term, effective insulation. As a result, Adhesive tapes enjoy colossal prominence, and its market garners exponential traction globally. Additionally, robust growth in the construction industry boosts the market demand. 

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Furthermore, advances in adhesion techniques and increasing demand for effective and advanced adhesion technology boost the market size. The augmenting demand for sustainable and environment-friendly adhesive tapes due to environmental regulations and consumer preference propels the market growth on a large scale. 

Segmentation

The global adhesive tapes market is segmented by material, technology, and application.

By material, it is segmented into paper, polyvinyl chloride, and polypropylene. The polypropylene segment is expected to capture a large market share owing to its use in automotive adhesive tapes. The bonding of electrical components can facilitate the segment growth.

By technology, it is segmented into solvent, hot melt, and others.

By application, it is segmented into construction, healthcare, food & beverages, packaging, and others. The healthcare segment is expected to gain the lead in the global adhesive tapes market owing to use in monitoring electrodes, surgical containers, and other medical devices.

Global Adhesive Tapes Market – Regional Analysis 

North America dominates the global adhesive tapes market.  The largest market share attributes to the rapidly growing e-commerce industries in the region. Besides, increased investments in the organized retail sector drive market growth. Moreover, the increasing demand from the shipment & courier companies in the region accelerates market sales. Well-established markets in Canada and Mexico contribute to the regional market growth, majorly. 

Growing construction projects and infrastructure development projects hugely contribute to the market growth in the region. Also, the growing automotive sectors, along with the growing adhesive market in the region, foster the market demand. The North American adhesive tapes market is projected to retain its dominance throughout the estimated period.

Europe stands second in the global adhesive tapes market. The market growth is driven by the burgeoning packaging sector, led by the rising demand for packaged food in the industry. Additionally, the spurring rise in the food & beverage and consumer goods sectors boost the growth of the regional market significantly. Burgeoning end-use industries, such as automotive, construction, food & beverages, and consumer, healthcare influence the growth in the regional market.

Rapid industrialization, alongside urbanization, impacts market growth positively. Furthermore, rise in productivity, R&D investments, and disposable income in demographics create substantial market demand. The European adhesive tapes market is anticipated to grow at an impressive CAGR during the assessment period. 

The Asia Pacific region is a promising market for adhesive tapes globally.  Factors such as the growing awareness among consumers and spurting growth in the healthcare sector in the region boost market growth. Also, increased investment in infrastructure and construction sectors to support the rapid population growth and urbanization has further led to the increasing demand for adhesive tapes in the construction sector.

Besides, the continually rising consumption of adhesive tapes and the burgeoning packaging industry drive the regional market growth. Moreover, upsurge in demand from countries such as India, China, and Japan due to the growing food & beverages and consumer goods industry accelerates the market growth. The APAC adhesive tapes market is expected to register a phenomenal CAGR during the assessment period. 

Global Adhesive Tapes Market – Competitive Analysis 

Highly competitive, the global adhesive tapes market appears fragmented due to the presence of several well-established players. To gain a larger competitive advantage, industry players incorporate strategic initiatives, such as mergers & acquisitions, collaborations, expansion, and product/technology launch. 

Matured players make substantial investments in innovation/R&D, brand building, and form strong relationships with customers to maintain their position in the morning. Manufacturers operating in the market strive to deliver innovative solutions that can improve the packaging process in businesses worldwide. Also, industry players apply the science of adhesion and technologies to help consumers improve the packaging. 

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Major Players:

Players leading the adhesive tapes market are Avery Dennison Corporation, 3M Company, Tesa SE, Lintec Corporation, Nitto Denko Corporation, Henkel AG & Company KGaA, Lintec Corporation, Intertape Polymer Group, Shurtape Technologies LLC, Lohmann GmbH & Co.KG., and Scapa Group Plc., among others.

Industry/ Innovation/ Related News: 

May 27, 2020 ---- Tesa SE (Germany), a leading global manufacturer of technical adhesive tapes and self-adhesive system solutions, announced the expansion plan of its production capacities. German adhesive tape manufacturer confirmed that it would build a Euro 55 MN (US$60.3 MN) plant in Vietnam, making it the 15th production site that Tesa operates worldwide.

Tesa is the most influential brand in production of hi-tech tape for the electronics and automotive industries. This latest movement is a timely step for the group to tap into the potential of the dynamic Asian adhesive tape market and build up its already strong position in this remarkable region. The new plant would be located on a 70,000sq.m site in DEEP C Industrial Zones in the port city of Haiphòng in Northern Vietnam, and the production would start in 2023.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US) 

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Tobacco Packaging Market – Market Overview    

According to Market Research Future (MRFR), The global tobacco packaging market is estimated to reach USD 16.65 billion, with a CAGR of 3.1% from 2022 to 2030 (forecast period). The report summarises the market opportunities and market implications that arose as a result of the COVID-19 pandemic.

Tobacco is made from the leaves of the tobacco plant. Tobacco is a part of the genus Nicotiana & nightshade plant family. In order to prevent it from bacteria, aroma transmission, good quality of the packaging is required. Packaging plays a vital role as it provides information on the product's content, the ingredient, and keeps the product in perfect condition.

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Accrediting the colossal growth, the Tobacco Packaging market is witnessing currently and the potential the market is demonstrating to accrue pervasively further in the years to come; the Market Research Future has recently published a meticulous study report giving out the complete market insight up till 2021. According to which, continuing with the same trends the global Tobacco Packaging market is projected to perceive an outstanding growth by 2021 registering a striking CAGR during the anticipated period (2022 – 2030).

Key Players of Tobacco Packaging Market

The key players in the global market for tobacco packaging include Amcor Ltd. (Australia), Innovia Films (U.K), WestRock (U.S.), Mondi Group (South Africa), ITC (India), Novelis (U.S.), British American Tobacco (U.K), Sonoco(U.S.), Philip Morris International Inc. (U.S.), and Reynolds American Corporation (U.S.).

Major strategies adopted by key players are joint ventures, divestitures, partnerships, new product launches and mergers. Recently, Amcor has made investments to improve its value proposition for its tobacco packaging customers both, in Europe and the Americas.

Tobacco Packaging Market by Segmentation

 On the basis of materials, global tobacco packaging market is segmented into paper box, film, jute, plastic and others. Materials that are basically used for tobacco packaging include films, boards, cartons, foils, paper, laminates, and membranes. A recent trend shows that manufactures or the packaging industry mainly focus on paper box packaging due to its environment-friendly and cost-effective nature.

Tobacco Packaging Market is segmented on the basis of types as primary, secondary, and bulk. In 2016, the secondary segment had the largest market share, and is also expected to progress at the highest CAGR in coming years. For primary packaging, materials such as metalized films, polyester & nylon are used. Global tobacco packaging market has been segmented based on end-use into smoking tobacco, smokeless tobacco and raw tobacco. Smokeless tobacco include dipping tobacco, chewing tobacco, snuff, tobacco gum, tobacco gum and other.

Global tobacco packaging market, cigarette production has the largest share as it has become the center of attraction among the youth. Other reasons of growing market of cigarette is increase in consumption of cigarettes in social gatherings, which raise the demand for innovative and attractive cigarette boxes. So, different technologies used for the packaging of tobacco are offset printing, hot-foil stamping, and rotogravure.

Regional Analysis

By region, the global tobacco packaging market has been segmented into the Americas, Asia Pacific, Europe, and the Middle East & Africa. 

China, Brazil, India, the United States, Turkey, and South Korea are the leading tobacco-producing countries due to rapid economic growth. In 2016, China was the top producer with an output of approximately 2.8 million metric tonnes of tobacco. The driving force behind the demand in countries such as China and India are the increasing economy and an increase in the population of young people in these countries. Brazil and Zimbabwe are countries whose economies currently rely on tobacco production. Thus, the growing demand for tobacco products is driving the tobacco packaging market. In addition, the e-cigarette market has expanded considerably due to the fact that e-cigarettes are less harmful than smoking tobacco. Most of the world's cigarettes are consumed in the Western Pacific region.

Tobacco Packaging Market – Competitive Analysis

Tobacco Packaging Market appears to be highly fragmented and competitive owning to the presence of numerous large and small players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. Some of the key players in the tobacco packaging market include Amcor Limited, Innova Films Limited, China National Tobacco Corporation, ITC Limited and Phillip Morris International, Inc.

Industry News

The report for Global Tobacco Packaging Market of Market Research Future comprises extensive primary research findings along with the detailed analysis of qualitative and quantitative aspects by various industry experts, key opinion leaders to gain deeper insight into the market and industry performance. The report gives a clear picture of current market scenario, which includes historical and projected market size in terms of value, technological advancement, macro-economic and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US) 

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

According to Market Research Future (MRFR), the Snack Food Packaging Market had a market value of USD 37 billion in 2018 and is expected to witness a CAGR of around 5.5% from 2019 to 2025 (forecast period). The report addresses and explores the effect of the Covid-19 outbreak on the global snack food packaging market, including future opportunities and challenges, drivers, and risks.

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The global snack food packaging market has seen substantial growth over the last few years. The market for snack food packaging is projected to be powered by a rise in ready-to-eat food consumption and consumer awareness of healthy lifestyles. These trends have led to a rise in the consumption of snack foods and have contributed to the growth of the snack food packaging industry worldwide.

Market Dynamics

The rising penetration of franchise food organizations and the rise in home food consumption in urban areas, along with the growing retail sector, drive demand for ready-to-eat snacks. Busy lifestyles, aging of the population, and increasing awareness of the nutritional value, safety, variety, and product appeal increase the acceptance of processed and convenience food alternatives. Both of these factors are likely to push food packaging in the global market. Nonetheless, it is projected that strict regulation of plastic packaging hinders the growth of the market.

Key Players

The key participants identified by MRFR in the Global Snack Food Packaging Market are Sonoco Products (US), Graham Packaging Holdings (US), Bemis Company (US), Amcor (Australia), Swiss pack private limited (India), Sealed Air Corporation (US), American Packaging (US), Bryce Corporation (US), Clondalkin Group (the Netherlands), Huhtamaki Global (Finland), ProAmpac (US), and Modern-Pak Pte Ltd (US).

Market Segmentation

The global market for snack food packaging has been segmented based on material, packaging type, and application.

Based on the packaging type, the global market for snack food packaging has been segmented into rigid packaging and flexible packaging. The flexible packaging segment captured the largest market share in the global snack food packaging market in 2018 and is anticipated to rise with the highest CAGR during the forecast period.

Based on material, the global market for snack food packaging has been segmented into plastic, paper, metal, and others. The plastic segment is further segmented as Bopp, polypropylene, polyethylene, LLDPE, polyester, and others. The plastics segment had the largest market share in the global food packaging market in 2018 and is predicted to experience the fastest growth rate during the assessment period.

By application, the global market for snack food packaging has been segmented into bakery snacks, savory snacks, candy & confections, nuts & dried fruits, and others. The Savory Snacks segment captured the largest market share of the global snack food packaging industry.

 

Regional Analysis

The global market for snack food packaging has been segmented, based on region, into Asia Pacific, Europe, the Middle East & Africa, North America, and South America.

The Asia Pacific had a significant market share in the global snack food packaging market in 2018, followed by North America and Europe, and is predicted to remain dominant until 2025. Higher consumption of snack foods in the region, primarily in developing countries such as India, Indonesia, China, and Malaysia, is one of the key factors expected to increase demand for snack food packaging in the area during the forecast period.

North America is expected to see significant growth in the chips packing market. The region profits from the involvement of Tier 1 food packaging manufacturers such as Bemis Company, Inc., Amcor, Sealed Air Corporation, and Berry Global, Inc. Such industry players are aggressively strengthening their market position through strategic alliances to extend their global reach and create innovative packaging solutions for their customers. For example, in June 2019, Amcor acquired Bemis Company Inc. intending to enhance its size, capabilities, and global presence and generating significant value.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US) 

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Retort packaging Market Scope

Market Research Future (MRFR) reveals that the global retort packaging market is set to expand at a CAGR of about 7.5% from 2017 to 2023 and scale up to a valuation of USD 42.05 billion by the end of the forecast period.

Market Insights

The rising awareness about the micro-organism intolerant property of retort packaging is noted to be the primary factor for its market to surge. Technical advancements are contributing significantly to the expansion of the market. Modern technologies are being deployed by manufactures of provide more effective retort packaging solutions of modified designs and better quality raw materials. This, in turn, is likely to aid in shelf-life extension of the intended subustance, thus, escalate the sales number. These factors are likely to promote the market growth in the coming years. The availability of different types of the packaging that asserts feasibility for packing any type of substance is expected to gain momentum for the market. The food and beverage and the pharmaceutical industries are high consumer of retort packaging. The fast-paced expansion of these industries is likely to gain traction for the market. However, lack of cost-effectiveness can hinder the market expansion.

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Key Players

MRFE profiled prominent vendors of retort packaging. They are;

  • Astrapak Limited (South Africa)
  • Amcor Ltd. (Australia)
  • Mondi Group (South Africa)
  • Berry Plastics Corporation (U.S.)
  • Ampac Holdings LLC(U.S.)
  • Sonoco Products Company(U.S.)
  • Coveris Holdings S.A. (U.S.)
  • Clondalkin Industries BV (Netherlands)
  • Bemis Company Inc. (U.S)
  • Otsuka Holdings Company Limited (Japan)
  • Tredegar Corporation(U.S.)
  • DS Smith PLC(U.K.)
  • Sealed Air Corporation(U.S.)
  • RockTenn Company (U.S.).

Deepening competition among market contenders is likely to benefit the global market expansion. Key players are driving the market on the ground of new and effective strategies, encouraging innovations. In a parallel way, partnership, collaboration, and agreements are expected to amplify the market growth.

Segmental Outline

The global retort packaging market has been segmented on the basis of material type, packaging type, and end use. Based on the material type, the global market has been segmented into polypropylene, polyester, aluminum foil, food grade cast polypropylene, biomaterials, paperboard, nylon, and others. Retort packaging materials are highly intolerant to micro-organisms. Hence, use of retort packaging across its high number of end users is expected to gain traction for the global market. Based on the packaging type, the market has been segmented into pouches, cartons, trays, and others. The growing awareness about different type of retort packaging is likely to promote the market growth. Based on the end-user, the global market has been segmented into food, beverage, pharmaceutical, and others. Retort packaging is widely used in the food and beverage industry.

Regional Outlook

Regionally, the retort packaging market has been examined across Europe, North America, Asia Pacific, and the Rest of the World (RoW).

MRFR states that the retort packaging market in the Asia Pacific is expected to register the highest growth rate over the assessment period. The increase in demand for ready-to-eat food due to the fast-beat lifestyle of people is noted to boost the growth of the APAC market. In economies such as China, Japan, Korea, and India, surge in number of people opting for retort packaging is high, which is expected to positively influence the growth of the market. In addition, the increase in population base and rapid urbanization is escalating the sales of retort packed goods. Thereby, is likely to promote the regional market growth. In North American region, the growing awareness about the benefit of retort packaging is likely to propel the market. In Europe, adoption of trending technologies for launching more effective retort packaging solutions is anticipated to boost the regional market.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Overview:

Plastic Packaging plays a significant role in the cost-effective packaging of food & beverages and healthcare products. Market Research Future (MRFR) reports that the global plastic packaging market is expected to cross the USD 400 Bn mark, at a growth rate of CAGR 5% over the forecasted period (2022-2030). The rise in manufacturing activities and conveniently packaged products, is going to play a noteworthy role in the market expansion of plastic packaging.

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Drivers and Restraints:

Plastic serves as a more hardened, cleaner, and aesthetically appealing mode of packaging and the favored choice of many in the food and beverage industry. The durability and strength it offers are superior to other products in the same price band. It is also available in various forms, such as a pouch, plastic bags, and sachet, providing the consumer with several modes of packaging.

The booming healthcare industry can also become a profitable area for the plastic packaging industry. Plastic is better than glass when it comes to reducing the probability of damage, leaks and maintaining hygiene. For IV tubes, syringes, IV bags, plastic packaging is the most preferred option.

However, fluctuating price of the raw material, such as petroleum and crude oil can impede the growth during the forecast period.

Market Overview:

Major manufacturers are focusing on enhancing their portfolio and strengthening their market position through strategic mergers and acquisitions. For instance, Sealed Air Corp. acquired Deltaplam Embalagens Indústria e Comércio Ltd., in 2017 securing a better position in Latin America. Mondi Group had acquired Excelsior, a United Kingdom-based company, to expand their market portfolio.

Key Players:

Key players who are currently impacting the global plastic packaging market are Amcor Ltd, BASF SE, Crown Holdings Inc., Saint-Gobain, Bemis Company Inc., Huhtamaki Oyj, Mondi Group, Sealed Air Corporation, Sonoco Products Company, Constantia Flexibles International GmbH, Ampac Holdings LLC and Wipak Group.

Segmentation:

The global plastic packaging market could be segmented based on type and application.

Based on the type, products can be segmented into rigid packaging and flexible packaging. Rigid packaging is expected to generate the largest share of revenue. End-users prefer rigid packaging the most. The proliferation of rigid plastic market into the beverage sector is based on the expectation of it being of high quality, hygienic and healthy. The retail sector is also expected to boost the growth of this segment during the forecast period.

Application-wise segmentation includes food & beverages, industrial, healthcare, personal care and others. Among these, food & beverage sector has recorded the highest percentage of the global revenue in 2015 and expected to surge further during the forecast period. With rapid urbanization, the demand for packaged food is also growing. This shift in consumer habit has spurred a growth in the global market. Rapid growth in the pharmaceutical industry can bolster the growth rate of healthcare plastic segment in the coming years.

Regional Analysis:

Region-wise segmentation results in four prominent groups; North America, Europe, Asia Pacific, and Rest-of-the-World (RoW). Asia Pacific is playing the pivotal role in this market by generating the maximum amount of revenue for the global plastic packaging market. In this region, China will experience tremendous growth. Factors such as urbanization, rising disposable income, and growing population are about to play a significant role in the growth of this market. India and Indonesia are also going to witness similar growth rate as packaging demand in the personal care segment is on the rise.

Europe is currently experiencing a staggering demand for rigid packaging from food & beverage sector, which is going to boost their market prospect.

North America was the previous market leader and expects to showcase a steady growth rate during the forecast period.

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Industry News:

A shift in demography and rising economy can be key determinants influencing the trends of the regional market. E-commerce has now become a popular choice and influencing the rigid plastic market in a major way. Increasing demand for gadgets, apparels, and personal goods have resulted in better rigid plastic packaging solutions for safe shipping.

However, there is mounting pressure from the consumers on the manufacturers regarding the carbon footprint. It has driven the plastic manufacturers towards developing bioplastics and investing in recyclable products.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Market Overview

Market Research Future (MRFR) studied the global Paper & Paperboard Packaging Market 2020 and effect of coronavirus pandemic on it for the years to come. As per MRFR findings, the global Paper & Paperboard Packaging Market can rise at 6% CAGR across the forecast period. The continuous expansion of the e-commerce field can fuel the overall paper & paperboard boxes market. The convenience of online shopping, faster delivery, free shipping, and easier return policies are successfully attracting customers and potentially replacing traditional methods of shopping. This can bolster the expansion of the paper & paperboard boxes market. The high consumer demand for diversified products and the ease of availability of different goods, and digitalization are other major cause that can drive the market growth.

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Market Segmentation

The segment study of the Global paper & paperboard packaging market is based on grade, type, and application. The type based, the paper & paperboard packaging market segments are boxboard, corrugated boxes, and paper bags. The high range of applications of Paper bags can rise at cause the expansion of the share at a high CAGR in the review period. Valve bags, multi-wall paper over poly, sewn open mouth bags, and pinch bottom open mouth bags are some types of paper bags that are available in the market.

The grade based segments of the paper and paperboard market are solid bleached sulfate, folding boxboard, coated unbleached kraft board, and white line chipboar among others.

The application based, the paper and paperboard market segments are food & beverages, personal care, electronics, and healthcare among others. The food & beverage uses high volume of paper & paperboard packaging applications. This can boost the expansion of the market. Meanwhile, rise in the utility of paper and paperboard packaging in personal care sector can impel the market growth. The market can also be driven by the rise in paper packaging for frozen foods. 

Key Players

MRFR identified reputed paper & paperboard packaging marketers. They are; ITC Ltd. (India), Cascades Inc. (Canada), Amcor Ltd. (Australia),Clearwater Paper Corporation (U.S.), RockTenn Company (U.S.), Spartan Paperboard Company (U.S.), Nippon Paper Industries Co., Ltd. (Japan),  DS Smith Plc. (U.K.), Packaging Corporation of America (U.S.), Metsa Group (Finland), Mondi Group (South Africa), Georgia-Pacific LLC (U.S.), Sonoco Products Company (U.S.), Stora Enso Oyj (Finland), and Colbert Packaging (U.S.).

Regional Analysis

In China, the flourishing food and beverage sector, followed by the healthcare industry are largely deploying corrugated packages, which can promote the expansion of APAC paper and paperboard packaging market in the years to come. The increase in demand for processed food sector pressing the need for paper & paperboard packaging, backed by machinery manufacturers, electrical equipment, and suppliers can impel the expansion of the paper and paperboard packaging market in the Asia Pacific region. India, a reputed producer of paper & paperboard packaging can bring considerable business for Asia Pacific market. 

Rapid urbanization, rise in per capita income, and high utility of non-durable consumer goods can lead to the expansion of the paper & paperboard packaging market in APAC. In Japan, the increase in the application of paper & paperboard box packaging and the region having the highest per capita consumer can underpin the expansion of APAC market. 

Ongoing retail trends in the region can lead to rise in innovations in design of boxes and change in the preference of shopping choices, and altering demand for goods in smaller volumes to keep closer to home can lead to the paper & paperboard packaging market in Europe.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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The Medical Device Packaging Material market is growing rapidly, mainly due to burgeoning medical device manufacturing. Over the recent years, there has been a significant rise in healthcare sectors globally, which acts as a huge driving force for market growth. Other factors that define the heightened market demand include changing lifestyles and economical growth, driving the healthcare industry. 

Besides, the awareness of the advantages of biodegradable materials as a packaging solution boosts the market growth. Evidently, advancements in packaging technologies emerging innovative packaging solutions play a significant role in fostering the medical device packaging market growth. Additionally, rising investments made in developing novel packaging materials and stronger support from governments worldwide accelerate the growth of the market. 

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In its recently published study report, Market Research Future (MRFR) asserts that the global medical device packaging market is expected to reach USD 30 billion by 2022, growing at 6% CAGR during the anticipated period (2016 – 2022). Growing need for sterile packaging of medical products and devices to promote enhanced patient safety, alongside innovative product demand for child-resistant and tamper-evident packaging solutions, is fuelling the growth of this market.

Moreover, increasing healthcare expenditures along with growing health awareness may drive the medical device packaging industry growth. Rising environmental concerns and better microbial packing can boost the medical device packaging market growth, enhancing sterile therapeutic packing. Furthermore, the rising demand for reliable packing from the health care sector may fuel product demand.

On the other hand, growing complexities in product engineering and increasing numbers of new market entrants are major factors obstructing the growth of the market. Nevertheless, the availability of new products in the field of biopharmaceutical and biologics due to requirements for better compliance would support the market growth throughout the review period. 

Global Medical Device Packaging Market– Competitive Analysis 

Characterized by the presence of several well-established and small players, the global medical device packaging market appears to be highly competitive. Well-established players incorporate acquisition, collaboration, partnership, expansion, and technology launch to gain a competitive advantage in this market and maintain their market position. Many of the industry's key players expand their existing production capacities to respond to the increased demand for innovative and sterile packaging solutions.

Major Players

Players

leading the global medical device packaging market are Bemis

Company Inc, Amcor Limited, Chesapeake Limited, Klöckner Pentaplast Group, E. I. du Pont de Nemours and Company, 3M Company, Mitsubishi Chemical Holdings Corporation, WestRock Company, and Oliver-Tolas, among others. 

Medical Device Packaging Market – Segmentations

The medical device packaging market report is segmented into material, product, and region. The material segment is sub-segmented into plastic, paper & paperboard, and others. The product segment is sub-segmented into pouches, trays, bags, clamshell packs, and others. By regions, the market is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.

Medical Device Packaging Market – Regional Analysis

North America leads the global medical device packaging market. Factors such as the regulatory forces raising packaging quality and functionality and rising numbers of medical device companies create substantial market demand. The US accounted for the largest market for medical packaging in the region. The North American medical device packaging market is expected to retain its dominance throughout the forecast period, expanding at a substantial CAGR.

The Asia Pacific region is showing a rapid growth in medical device packaging due to ample availability of raw materials and cost-competitive workforces. Besides, the rapidly growing healthcare and medical device sector in the region drives the market's growth. The pharmaceutical industry also contributes to the growth of the medical device packaging market with high demand for packaging. The APAC medical device packaging market is also expected to grow at a considerable CAGR from 2016 to 2022.

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Industry/ Innovation/ Related News: 

March 8, 2021 ---- Biomerics, LLC (the US), a leading contract manufacturer and innovative polymer solutions provider for the medical device & biotech industries, announced that it is doubling its manufacturing footprint in Costa Rica.

The company started the construction on the Greenfield plant adjacent to its current operations in Costa Rica. The new facility totals 110,000 sq. Ft., including engineering labs, quality inspection labs, controlled environment manufacturing, and others.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

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