by Accutek Packaging Equipment Manufacturer
Nowadays, individuals are getting more and more busier in their professional lives that little time is to execute personal tasks, including cooking and preserving the food items.
The constant innovations are also acting as a helping hand in enhancing this particular industry for the urban population.
The packaging machinery is experiencing a considerable as well as increased demand that is primarily driven by the rising demand for
Implementation of automated packaging machines, and
As per the key findings of the packaging machinery industry:
Whilst one of the quickest developing segments of the packaging business, flexible packaging blends the best characteristics of plastic to get a wide array of protective properties while utilizing at least material. Usually taking the form of a sachet and pouches, bag, films and overwrap, tubes, or liner, flexible packaging is characterized as any package or any piece of a package whose shape can be promptly changed.
Flexible packages are utilized for customers & institutional products as well as in industrial usage, to safeguard, market and disperse an immense range of products. Flexible plastic packaging may also be reprocessed at numerous facilities across the globe. It is a sustainable option as it utilizes fewer raw materials to conserve resources, lightweight yet firm enough to hold a big measure of product and is light to carry thus it preserves energy.
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Directing the path in packaging improvement, flexible packaging adds marketability and value to non-food and food products equally. From securing extending shelf life and food safety to offering even barrier protection, heating, resealability, ease of use and outstanding printability, the industry is likely to continue to boost at an unprecedented pace in the coming years.
The flexible packaging calls for less energy to produce as well as to transport, in addition to this it renders smaller measures of greenhouse gases on its direction to the market. The flexible plastic packaging in the end results in a lesser amount of consumer waste. It helps in maintaining along with indicates freshness hence offers consumer amenities.
Made from BOPP, BOPET, polyethylene, cast polypropylene, polypropylene, polyamide, ethylene vinyl alcohol, polyvinyl chloride and polystyrene it also provides dispensing and reclosure alternatives, making it easier to store and transport/carry. Nowadays plastic packaging is offering and enabling content visibility that creates shelf appeal. It also offers the ineffective product to package ratios. The flexible plastic packagings are broadly used in the personal care products, tobacco products, food and beverages, pharmaceuticals and industrial and institutional.
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The worldwide market for flexible plastic packaging is expected to witness a strong growth as a result of a number of drivers influencing it such as rising demand from the pharmaceutical and food and beverage industry, increase in middle-class population, increasing preference of handling and convenient packaging, growing implementation of plastic flexible packaging. These aspects are fuelling the expansion of the global market flexible plastic packaging.
Referring to the latest report published by Research Report Insights the worldwide market is anticipated to record a CAGR of 6.7% throughout the projected period of 2017-2022. The overall market is also expected to account for a market value of approximately US$ 202 Billion through the end of the projected year 2022.
Key players such as Amcor Ltd., Bemis Company, Inc., Sealed Air Corporation, Berry Global Group, Inc., Mondi Group plc, Sonoco Products Company, Huhtamaki Oyj, Constantia Flexibles Group GmbH, Ampac Holdings LLC and Bischof & Klein GmbH & Co. KG are profiled in this research report.
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Molded fiber pulp packaging is one of the sustainable types of packaging that is manufactured by using recycled paper wastes. Recycled material includes waste newspapers, papers, cardboards, etc. Molded fiber pulp is also known as molded pulp or molded fiber which is largely used for protective packaging.Molded fiber pulp packaging is recyclable and, thus considered a sustainable packaging material by Sustainable Packaging Coalition (GreenBlue), an environment based non-profit organization located in the U.S.The types of molded fiber pulp packaging on the basis of product type are thick wall, transfer molded, thermoformed, and processed pulp.
Eco-friendly and biodegradable molded pulp packaging is gaining wide acceptance and recognition. Molded fiber is a classic packaging material made from 100% recycled materials such as paperboard and newsprint. Moreover, the molded pulp fiber manufacturing process has no wastage, as all the residue and water are reused and recycled. The environment friendly and green molded fiber packaging meets customers’ needs and expectations in terms of both packaging excellence and ecological development and responsibility are some of the factorswhich is expected to boost the global molded fiber pulp packaging market growth over the forecast period.
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Market Value and Forecast
Packaging industry has witnessed major modifications over the past decade, packaging with molded fiber gains wide attention as it promotes environmental concern and green packaging. Moreover, it acts as a competitive advantage for the companies by differentiating their products from the competitors in order to gain market share and increase their presence in other business verticals and regions.
The global molded fiber pulp packagingmarket touched US$ 6,391.8 Mn in2016 and is expected to expand at a 5.8% CAGR over the forecast period (2016–2026).
Market Dynamics
The prime factors powering the demand for molded fiber pulp packagingmarket areenvironment friendly & biodegradable packaging which ensures packaging excellence and ecological development coupled with provide excellent vibration dampening & cushioning properties. Factors such as growingegg consumptionacross the globe, rising demand for customized molded fiber pulp productsand an alternative material to expanded polystyrene (EPS). Moreover, cost effective medium for packaging which ensures minimum inventory and warehouse cost, and technological advancements in molded fiber are some of the factors which is driving the growth of global molded fiber pulp packaging market in near future. However, threat of substitutes such as expanded polystyrene (EPS), plastics etc. along with lower strength threshold of short fiber used as a raw material in molded pulp packaging aresome of the factors that may hamper the growth of molded fiber pulp packagingmarket during the forecast period.
Market Segmentationby Molded Pulp Type
On the basis of molded pulp type, the market is categorised intothick wall, transfer molded, thermoformed fiber, and processed pulp. Among all the above stated segments,the transfer moldedsegment is expected to witness the highest growth over the forecast period.The latest trend among key players in the molded fiber pulp packagingindustry is market consolidation through mergers and acquisitions. Transfer molding segment is expected to account for significant market share, followed by thermoformed fiber and thick wall segments respectively.
Market Segmentation,by Product Type
Based on product type, the market has been segmented intotray, clamshell & container, boxes, end caps, and others (cups, bowls).Tray segment controlled32.7% revenue share of the market in 2015, and is expected to retain its dominance throughout the forecast period owing to increase in consumption of eggs and fruitsin near future along with its light weight and recyclability features.
Market Segmentation, by End Use
The end use for molded fiber pulp packaging market can be classified asconsumer durables & electronics goods packaging, food & beverage packaging, cosmetic & beauty products packaging, healthcare product packaging, automotive parts packaging, transportation & logistics, and others (candles, flower packaging).Consumer durables & electronics goods packaging segment is further sub-segmented into tube light & bulbs, mobile phones, and others (DVD’s, Modems, and TV). Food & beverage packaging segment is further sub-segmented into egg packaging, wine packaging, fruit packaging, and others (vegetables, and frozen food). In terms of value, food & beverage packaging segment accounted for 69.1% market value share in 2015 and will continue to dominate over the forecast period.Consumer goods packagingsegment is anticipated to grow with relatively high CAGR in terms of value. This is attributed to increasingadoption of environmentally friendly packaging products among food & beverage packaging industry.
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Key Regions
In this report, the global molded fiber pulp packagingmarket has been segmented into seven major regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA).Globally, in terms of revenue, Western Europe accounted for highest share of 26.2% in 2016, followed by North America. Meanwhile, revenue from the market in Asia Pacific excluding Japan (APEJ) is expected to expand at the highest CAGR of 6.6% over the forecast period. Moreover,Asia Pacific Excluding Japan (APEJ) is expected to be the most favourable region in terms of incremental opportunities lying ahead for high revenue generation. The mature markets i.e. Western Europe and North Americaare highly regulated but they created a substantial demand of molded fiber pulp packaging worth over US$ 1.7 Bn, and US$ 1.4 Bn in 2016, respectively. Latin America and Middle East & Africa collectively represented13.3% of global molded fiber pulp packaging market value share, which is US$ 849.4Mn in 2016.
Key Players
Some of the major players in the global molded fiber pulp packagingmarket that are covered in this report areUFP Technologies, Inc., ESCO Technologies Inc., Huhtamaki Oyj, Brodrene Hartmann A/S, Henry Molded Products, Inc., ProtoPak Engineering Corporation, EnviroPAK Corporation, Pacific Pulp Molding, LLC, Keiding, Inc., FiberCel Packaging, LLC, Guangxi Qiaowang Pulp Packing Products Co, Ltd., Guangzhou NANYA Pulp Molding Equipment Co., Ltd., Pactiv LLC (Reynolds Group Holdings Ltd.), OrCon Industries Corporation, Celluloses De La Loire, Spectrum Lithograph, Inc., Dynamic Fibre Moulding (PTY) Ltd., Primapack SAE, Jiangyin Greenpacking Trade Co., Ltd., and Dongguan City Luheng Papers Company Ltd.The report also describescompany-specific strategies related to keydevelopments and market consolidation initiatives.
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The research report included company profiles of top manufacturers, their data, deals income, revenue share, deal volume, and purchaser volume is equally specified.
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8 Nov 2018 – Global Battery Market is expected to reach USD 132.55 billion by 2024.It is made up of three key constituents like electrolyte, anode, and cathode.
Batteries that must be thrown away after use are termed as primary batteries; whereas the batteries that can be recharged are termed secondary batteries.
The Battery Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.
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Global medical aesthetics market is projected to reach $19,419.7 million by 2023, growing at a CAGR of 12.2% during 2017 - 2023.According to the study, the global medical aesthetics market is likely to grow from $8.6 billion in 2016 to $19.4 billion by 2023. Advancement in laser technology, growing awareness among consumers, and health benefits of medical aesthetics procedures have been driving the global medical aesthetics market. The market is further expected to gain revenue due to shift in the preference from surgical to non-surgical procedures. There has been a significant growth in non-surgical medical spa procedures in the recent years, resulting from better technologies, such as intense pulsed light and advanced laser based aesthetics equipment.
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Geographically, North America has been the largest market for medical aesthetics, with the U.S. being the largest contributor to the regional market. North America is considered as the platform for innovation in aesthetics procedures, since a majority of established and upcoming market players are either headquartered or have a significant geographical presence in the region. The emerging economies of Asia-Pacific, especially China and India, are expected to grow tremendously in future, which will make Asia-Pacific the second largest market in the coming years. Asia-Pacific is expected to outpace Europe in in terms of medical aesthetics market size by 2020.
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There have been many technological innovations and advancements taking place in the medical aesthetics market. The latest advancements in the laser technology have led to an increased number of its applications in medical aesthetics. These advancements in laser provide benefits such as, small incisions, decrease in the intensity of pain and fast recovery after the procedure. There has been a notable increase in the application of laser technology for various aesthetic treatments, such as hair removal, skin rejuvenation and body contouring, which is bolstering the global medical aesthetics market.
Some of the other key players in the market include Allergan Plc, Valeant Pharmaceuticals International, Inc., ZELTIQ Aesthetics, Inc., Johnson & Johnson, Cutera Inc., Alma Lasers Ltd., Merz GmbH & Co. KGaA, Galderma S.A., Syneron Medical Ltd., Cynosure, Inc., Photomedex, Inc. and Lumenis Ltd.
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