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The market for biodegradable films is anticipated to expand at a CAGR of 5.6%. By 2032, the market value is anticipated to have grown from US$ 1,040.1 million in 2022 to US$ 1.7 billion.

Globally, the biodegradable films market is expanding rapidly due to strict laws controlling the disposal of plastic waste and growing public awareness of environmental conservation. Renewable resources including plant starch, polylactic acid (PLA), polyhydroxyalkanoates (PHA), and others are used to create biodegradable films. These films are quite popular since they break down naturally in certain environments and don’t leave any toxic leftovers behind.

Biodegradable films are gaining popularity because of their environmental friendliness and the increased awareness of the harmful effects that plastic waste has on the environment. Biodegradable film will likely become more and more necessary as more countries across the world enact legislation to reduce the amount of plastic waste generated.

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Factors Driving the Growth of Biodegradable Films Market

Shift Towards Eco-Friendly Packaging

As consumers become more environmentally conscious, there is a growing demand for sustainable packaging solutions. Biodegradable films offer an excellent alternative to conventional plastics, reducing carbon footprint and minimizing waste accumulation in landfills.

Stringent Government Regulations

Governments worldwide are implementing stringent regulations and policies to reduce plastic waste and promote sustainable practices. These regulations create a favorable environment for the growth of the Biodegradable Films Market as companies strive to comply with these mandates.

Increasing Adoption in Various Industries

The Biodegradable Films Market is witnessing increased adoption in various industries such as food and beverages, pharmaceuticals, agriculture, and personal care. These films are being used for packaging applications like bags, pouches, wraps, labels, and more.

Global Biodegradable Films Market: Geographical Outlook

The popularity of biodegradable films in North America and Europe is expected to gaining traction owing to local governments push toward sustainability and manufacturers increased research and development activities. The ban on plastic and consumers’ acceptance for biodegradable packaging options are expected to speed up the growth of the biodegradable films market in the coming decade.

Japan, China and India are planning to reduce 100% of single-use plastic by the end of 2025, which is expected to boost the demand for biodegradable films in the Asia Pacific region. Latin America and Middle East & Africa regions witnessed sluggish growth for biodegradable films market in the past five years, which is projected to accelerate in the next decade.

Global Biodegradable Films Market: Key Players

Some of the key players operating in the global biodegradable films market are as follows:

  • Taghleef Industries Group
  • Cortec Corporation
  • Clondalkin Group
  • Futamura Group
  • Storopack, Inc.
  • Transilwrap Co., Inc.
  • Accredo Packaging, Inc.
  • POLYNOVA Industries Inc.
  • Tipa Corporation
  • Plastiroll Oy Ltd.

Global Biodegradable Films Market: Segmentation

The global biodegradable films market has been segmented into material, application, thickness, and end-user industry.

On the basis of material, the global biodegradable films market has been segmented into:

  • Bio-LDPE (Low Density Polyethylene)
  • Bio-MDPE (Low Density Polyethylene)
  • Bio-HDPE (Low Density Polyethylene)
  • Bio-based PLA (Polylactic Acid)
  • Others

On the basis of application, the global biodegradable films market has been segmented into:

  • Bags
  • Mulch Films
  • Wrapping Films
  • Liners
  • Others (Sheets, etc.)

On the basis of thickness, the global biodegradable films market has been segmented into:

  • Up to 1 mil
  • 1-3 mil
  • Above 3 mil

On the basis of end-user industry, the global biodegradable films market has been segmented into:

  • Food & Beverages
  • Healthcare
  • Personal Care & Cosmetics
  • Agriculture
  • Waste Management
  • Others

On the basis of Region, the global biodegradable films market has been segmented into:

  • North America
  • Latin America
  • Europe
  • Middle east and Africa
  • East Asia
  • South Asia
  • Oceania
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Throughout the forecast period, the Fast Moving Consumer Goods (FMCG) packaging market is projected to experience significant expansion, with a 5.8% Compound Annual Growth Rate (CAGR) on average. The market is predicted to generate US$ 443.1 billion in sales by 2023; however, this amount is anticipated to rise sharply, with US$ 778.7 billion projected to be exceeded by 2033. This upward trend is a solid representation of the developing consumer goods sector, which is being fueled by factors including rising disposable incomes, changing consumer lifestyles, and increased urbanization. The FMCG packaging industry is essential to satisfying changing customer needs and guaranteeing the attractiveness and safety of products.

Increased sales are being driven by the pharmaceutical and food and beverage industries’ upswing in both production and consumption in the Indian market. Significant investments in the personal care, food processing, and pharmaceutical sectors are helping the Fast-Moving Consumer Goods (FMCG) packaging industry in India to grow rapidly. Forecasts show that India’s market is booming, with a notable Compound Annual Growth Rate (CAGR) of 7.4%, surpassing that of other countries in the Asia Pacific region and highlighting the nation’s critical role in determining the regional dynamics of the FMCG packaging business.

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  • The restoration of the FMCG industry, rising awareness among end users around climate change, and high-end research and development facilities are fueling the market growth. Furthermore, the higher adoption of intelligent packaging in brands is also flourishing the market growth.
  • The expansion of e-commerce platforms, increased focus on sustainable packaging, and rising per capita incomes are positively impacting FMCG packaging. Alongside this, the increasing penetration of online food delivery platforms is also garnering market growth.
  • The increased focus on hygiene and cleanliness post-pandemic has pushed FMCG vendors to adopt multi-layer packaging solutions. The increased government efforts to transition the packaging sector and limit the carbon footprint is expected to propel the market’s growth trajectory.
  • The recycled and renewable packaging solutions along with the higher sales of non-alcoholic and dairy products are likely to fuel the market. Furthermore, the usage of insulated layers in FMCG packaging is anticipated to transform the market during the forecast period.

Business Growth Drivers:

  1. Innovation in Packaging: Continuous innovation in packaging materials, designs, and functionalities drive consumer interest and satisfaction. Advancements such as eco-friendly materials, smart packaging with interactive features, and convenience-focused designs contribute to market growth.
  2. Brand Identity and Differentiation: Packaging serves as a vital tool for brand differentiation and communication. Companies invest in unique packaging designs and branding strategies to stand out on the shelves, attract consumers, and build brand loyalty.
  3. Consumer Convenience: Convenience-oriented packaging solutions, such as single-serve packs, resealable pouches, and easy-to-use dispensers, cater to consumers’ busy lifestyles and preferences for on-the-go consumption, driving sales.
  4. Sustainability Initiatives: Increasing consumer awareness and regulatory pressures regarding environmental concerns propel the demand for sustainable packaging solutions. Companies adopting eco-friendly materials and reducing packaging waste gain competitive advantages and appeal to environmentally-conscious consumers.
  5. E-commerce Expansion: The growth of e-commerce channels necessitates robust packaging solutions that ensure product safety during transit, minimize damage, and enhance the unboxing experience. FMCG companies invest in e-commerce-friendly packaging designs to capitalize on online retail opportunities.
  6. Health and Safety Concerns: Enhanced packaging functionalities, such as tamper-evident seals, hygiene barriers, and portion control features, address consumers’ health and safety concerns, contributing to market growth, especially in the food and pharmaceutical sectors.

Industry Restraints:

  1. Cost Pressures: FMCG companies face constant pressure to minimize packaging costs while maintaining quality and functionality. Fluctuations in raw material prices, transportation costs, and regulatory compliance expenses can strain profit margins.
  2. Regulatory Compliance: Compliance with stringent regulations governing packaging materials, labeling requirements, and sustainability standards adds complexity and costs to FMCG packaging operations. Non-compliance risks legal penalties and reputational damage.
  3. Environmental Concerns: While sustainability initiatives drive innovation, transitioning to eco-friendly packaging materials and practices may entail higher upfront costs and technical challenges. Limited availability of sustainable alternatives and infrastructure for recycling and composting also pose constraints.
  4. Supply Chain Disruptions: Disruptions in the supply chain, such as raw material shortages, transportation bottlenecks, and geopolitical uncertainties, can impact packaging production and distribution, leading to delays and increased costs.
  5. Competitive Pressures: Intense competition within the FMCG sector necessitates continuous investment in packaging innovation and branding to maintain market share. Rapid changes in consumer preferences and disruptive market entrants pose challenges for established players.
  6. Changing Consumer Preferences: Shifting consumer preferences towards minimalistic packaging, natural ingredients, and personalized experiences require FMCG companies to adapt their packaging strategies accordingly, which may entail significant investments and restructuring.

Key Points

  1. The United States market leads the FMCG packaging market in terms of market share in North America. The United States region held a market share of 18.9% in 2022. The growth in this region is owing to the restored FMCG product line, and higher consumption of ready-to-eat food items. The North American region held a share of 28.5% in 2022.
  2. Germany’s FMCG packaging market is another significant market in the European region. The market held a market share of 7.1% in 2022. The growth is attributed to higher government efforts and increased support for sustainable business ideas and adoption. Europe held a market share of 24.3% in 2022.
  3. The Indian FMCG packaging market thrives at a leading CAGR of 7.4% during the forecast period. The market’s growth is attributed to the expansion of sustainable businesses, and proliferating e-commerce penetration.
  4. Chinese FMCG packaging market also thrives at a CAGR of 6.0% between 2023 and 2033. The growth is attributed to the large FMCG consumer base and higher imports.
  5. Based on product type, the rigid packaging segment held the leading market share of 63.9% in 2022. The growth is attributed to the increased strength, durability, and recycling capabilities.
  6. Based on end use, food, and beverages consumed most of the market as it held a leading market share of 56.2% in 2022.

Competitive Landscape

The key vendors work on using environmentally friendly and bio-degradable materials in their solutions. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

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Key Players

  • Berry Global Inc.
  • Crown Holdings
  • WestRock Company
  • Sealed Air Corporation
  • Sonoco Products Company
  • Ball Corporation
  • Kimberly-Clark Corporation
  • Mondi Plc
  • Huhtamaki Oyj
  • Ardagh Group S.A.

Recent Market Developments

  • Sonoco Products Company has introduced material expertise and sustainable flexible packaging solutions. Some of the common packaging types that the company offers include flexible packaging, rigid paper containers, rigid plastic, and blister packaging.
  • Ball Corporation has introduced the total advertising and packaging package for the end user companies of different levels.

Demand for Rigid Packaging in the Food and beverage Sector Will Remain High

In the context of end-use applications, the food and beverage sector is expected to witness a notable sales uptick, with a projected 6.1% Compound Annual Growth Rate (CAGR) throughout the forecast period. Beverage companies are actively embracing innovative packaging formats to enhance sales, with this segment commanding a substantial share of 63.9% in 2022.

Illustrating this trend, AVE United Kingdom introduced a new line of bottling equipment in August 2019, featuring Monobloc (filler/capper) and Unibloc (rinser/filler/capper) models capable of handling diverse components within a single machine. This mobile bottling equipment is strategically designed to mitigate costs associated with plastic packaging.

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Key Segments Covered

By Product Type:

  • Flexible Packaging
    • Pouches & Sachets
    • Stick Packs
    • Bags & Sacks
    • Foils & Films

Rigid Packaging:

  • Boxes & Cartons
  • Trays
  • Tubes
  • Containers & Jars
  • Bottles
  • Cans
  • Blisters

By Material Type:

  • Plastic
  • Paper and Paperboard
  • Metal
  • Glass
  • Others (Wood, Foam, etc.)

By End Use:

  • Food & Beverage
  • Pharmaceuticals
  • Personal Care & Cosmetics
  • Homecare Products
  • Electronics
  • Others (Office Supplies, Textiles, etc.)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The global stick packaging market value is predicted to grow from US$ 1,358.4 million in 2023 to US$ 2,028.4 million by 2033. Sales of stick packaging solutions are expected to rise at a steady CAGR of 4.3% during the forecast period.

There are a number of reasons that could propel the worldwide stick packaging market’s expansion. These include the increased need for flexible and compact packaging solutions, the expansion of the food and beverage, cosmetics, and pharmaceutical industries, and technological improvements in packaging.

Innovative barrier materials designed specifically for stick packages have been made possible by advancements in packaging technology, offering improved protection against oxygen, moisture, and UV rays. This guarantees the stability and freshness of the product.

Prominent companies like Amcor provide barrier films that are tailored especially for stick packaging. It is anticipated that these advancements will be essential in supporting the expansion of the stick packaging market worldwide.

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Differentiating a brand from its competitors is a crucial marketing strategy for companies. The effective approach to achieving brand differentiation is by utilizing distinctive and innovative packaging formats, including stick packs.

The surge in upscale quick-serve stick packs is a compelling and transformative trend that has overtaken the packaging industry. These single-serving packages are designed to seamlessly fit into busy lifestyles, offering unmatched convenience without sacrificing quality or visual appeal.

What truly sets this trend apart is its unapologetic commitment to elevating the packaging experience. These upscale stick packs prioritize sophisticated design, premium materials, and ingenious features, turning what used to be a simple utility into a reflection of elegance and functionality.

As the market for upscale quick-serve stick packs continues to flourish, it reflects the evolving desires of consumers who demand both convenience and a touch of luxury in their packaging solutions. This trend is poised to reshape the packaging landscape, providing a wealth of exciting opportunities for businesses to cater to the preferences of a discerning and fast-paced world.

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Key Takeaways of Global Stick Packaging Market

  • The global stick packaging market is projected to reach US$ 2,028.4 million by 2033.
  • By material type, plastic segment is expected to hold a value share of 2% in 2033.
  • By end use, food and beverage segment is set to generate revenue of US$ 720.6 million by 2033.
  • North America is estimated to register a CAGR of 4% between 2023 and 2033.
  • The United States market value is set to total US$ 407.4 million by 2033.
  • Sales in India are projected to rise at 7% CAGR through 2033.

“Rising demand for compact and versatile packaging solutions across diverse industries, including food & beverages and pharmaceuticals, is expected to provide impetus for the growth of the stick packaging market. Besides this, the rise of bio-based stick packaging is expected to present new opportunities for companies through 2033,” says a lead Future Market Insights (FMI) analyst.

Who is Winning?

Amcor Plc, Catalent Inc., Sonoco Product Company, Huhtamaki Oyj, Proampac Llc, Constatntia Flexible Group, Glenroy, Inc., GFR Pharma Ltd, Unirther Pharmaceuticals SAS, HWR Packaging Llc. and others are prominent stick packaging manufacturers listed in the report. The Tier 1 players hold 20% to 25% share in the global stick packaging market.

Key companies are launching new products made from using eco-friendly materials to expand their customer base. They are also implementing strategies like mergers, acquisitions, partnerships, and collaborations to strengthen their footprint. For instance,

  • In April 2022, a new line of sustainable high shield laminates for pharmaceutical sachets and stick pack and strip pack packaging was introduced by Amcor Plc.

Global Stick Packaging Market Report

Future Market Insights (FMI), in its new report, offers an unbiased analysis of the global stick packaging market, analyzing historical demand from 2018 to 2022 and forecast statistics for 2023 to 2033.

The study reveals growth projections on the global stick packaging market based on material (plastic, paper, aluminum, others (hybrid material, bio-based)), capacity (up to 5ml,  6ml to 10ml, 11ml to 15ml, above 15ml), application (solid, powder, liquid), end use (food and beverage, pharmaceuticals and nutraceuticals, personal care and cosmetics, other industrial),  and region.

About the Packaging Division at Future Market Insights

The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competition landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations.

With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

Global Stick Packaging Market Segmentation by Category

By Capacity:

  • Up to 5 ml
  • 6 ml to 10 ml
  • 11 ml to 15 ml
  • Above 15 ml

By Material:

  • Plastic
  • Paper
  • Aluminum
  • Others (Hybrid Material, Bio Based)

By Application:

  • Solid
  • Powder
  • Liquid

By End Use:

  • Food and Beverage
  • Pharmaceutical and Nutraceuticals
  • Personal Care and Cosmetics
  • Other Industrial

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Middle East and Africa
  • Oceania

About Future Market Insights Inc. (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Positioned for substantial advancement, the global aluminum foam market is set to progress with a Compound Annual Growth percentage (CAGR) of 4.5% between 2023 and 2033, with a projected valuation of US$ 68.02 million at that point. This anticipated rise highlights how aluminum foam is being used more and more in a variety of industries due to its special qualities, which include its lightweight design and efficient energy absorption. The market’s stability and crucial position in applications ranging from aerospace materials to automotive components are shown by the expected expansion, which bodes well for the aluminum foam sector over the next ten years.

Since aluminum foam is used to lighten cars, it is in high demand in the automotive and transportation sectors. Aluminum foam is mostly used in the automobile sector for insulation, lightweight construction, and energy absorption in cars.

The global market for aluminum foam is significantly impacted by a variety of regional characteristics. In East Asia, a considerable market share is poised for growth, fueled by the rising demand for fuel-efficient passenger vehicles and light commercial vehicles. The region’s abundance of aluminum foam manufacturers is expected to further enhance market expansion.

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Market Drivers:

  1. Lightweight Properties: Aluminum foam is known for its lightweight nature, making it an attractive material in industries such as aerospace and automotive for reducing overall weight and improving fuel efficiency.
  2. High Strength-to-Weight Ratio: The material offers a high strength-to-weight ratio, making it suitable for applications where strength and durability are essential without adding excessive weight.
  3. Thermal Insulation: Aluminum foam has good thermal insulation properties, which can be beneficial in applications where temperature control and insulation are critical.
  4. Energy Absorption: The material has excellent energy absorption capabilities, making it valuable in impact-resistant applications, such as automotive crash structures and protective equipment.
  5. Recyclability: Aluminum is a highly recyclable material, and this characteristic is increasingly becoming important in industries focusing on sustainability and environmental considerations.
  6. Growth in End-use Industries: Industries such as construction, automotive, and aerospace are continually expanding, providing a growing market for innovative materials like aluminum foam.

Market Restraints:

  1. Cost of Production: The production process for aluminum foam can be complex and costly, which may limit its widespread adoption, especially in price-sensitive markets.
  2. Limited Awareness and Understanding: The market might face challenges due to a lack of awareness and understanding of the benefits of aluminum foam among potential end-users.
  3. Standardization Issues: The industry may face obstacles related to the standardization of aluminum foam products, which can affect the ease of integration into existing manufacturing processes.

Competitive Landscape

The aluminum foam market has its top players accounting for 80-90% of the global production. The key players operating in the market are focusing on attracting substantial portion of consumer base by offering aluminum foam to cater to wide applications and focus on research to enhance their product offerings.

Key Players:

  • Beihai Composite Materials Co.,Ltd.
  • Composite Materials Ltd.
  • Cymat Technologies Ltd.
  • American Elements Corporation
  • ERG Aerospace Corp.
  • Hollomet GmbH
  • Pohltec Metalfoam GmbH

Aluminum Foam Market: United States and China to Lead Growth

The United States and China are poised to dominate the aluminum foam market, driven by various factors contributing to their market growth.

  1. United States Market: The United States market is expected to reach US$ 7.6 million by the end of 2023, with a projected CAGR of 3.8% in the coming years. The access and availability of research centers in the country are key factors fueling market growth. Ongoing research and development efforts focused on meeting evolving demands contribute to the continued growth of the market. The United States market is anticipated to be worth US$ 11.04 million by 2033.
  2. Impact of New Developments: Innovations such as aluminum foam panels are expected to have a significant influence on related markets, including the aluminum foam panels market in the region. These developments contribute to the overall growth and expansion of the aluminum foam industry in the United States.
  3. China Market: China is projected to rank second in the global aluminum foam market in terms of market value. The market is estimated to be valued at US$ 5.7 million in 2023, with a CAGR of 5% over the forecast period. The increasing demand for aluminum foam in the automotive and construction industries is a major growth driver for the Chinese market. The presence of numerous manufacturers in China also contributes to the market’s development. The market in China is predicted to reach US$ 9.28 million by 2033.
  4. Construction Industry Importance: The growing importance of aluminum foam in the construction industry is another significant factor driving market growth in China. The unique properties of aluminum foam, such as lightweight and high strength, make it an attractive material for various construction applications.

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Top Highlights from the FMI’s Analysis of the Aluminum Foam Market:        

  • The East Asia market is about to top the regional market over the forecast period. The East Asia market is estimated to reach US$ 23 million by 2023. The regional market is projected to expand at 5.5% CAGR over the forecast period. China is anticipated to hold a significant share of East Asia through 2033.
  • The market in Europe is expected to expand at 3% over the forecast period. The region is set to attain US$ 19.4 million in the year 2023. Within Europe, Germany is projected to emerge as a significant market.
  • In North America, the market is expected to trail at a CAGR of 3.9% over the forecast period. By 2023, the region is estimated to be valued at US$ 17 million. Within North America, the United States is expected to surpass US$ 7.6 million by 2023 end.
  • Based on product type, the open-cell foam is expected to reach a market valuation of US$ 31.6 million by 2023. Over the upcoming years, the segment is projected to register CAGR of 4.3%, slightly higher than the 4.2% CAGR witnessed in the historical period.
  • Based on application type, the energy absorber segment is anticipated to be valued at US$ 10.9 million by 2023. Over the upcoming years, the segment is projected to embark on a CAGR of 4.1%.

New Developments for the Year 2022 Observed by FMI

  • In December 2022, Cymat Technologies Ltd. announced that it is entering into an agreement for a second component development with its global OEM. The company announced the agreement with this OEM in July, earlier in the year. This was done after significant time was utilized in design collaboration by using Cymat’s proprietary aluminum foam, SmartMetalTM.
  • In September 2022, Cymat Technologies Ltd. revealed that it has received a purchase order from an Asian military vehicle developer for military under-belly blast protection kits (“blast kits”) to be used by the Singaporean military. The SmartMetal™ stabilized aluminum foam (“SAF”) has been successful in effectively absorbing and plummeting the energy of the compressed air wave that leads to explosions.

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Key Segments Covered In Aluminum Foam Industry Research

By Product Type

  • Open Cell Foam
  • Closed Cell Foam
  • Others

By Application Type

  • Energy Absorber
  • Heat Exchanger
  • Damping Structures
  • Filtration
  • Insulation
  • Others

By End-use

  • Automotive & Transportation
  • Aerospace & Defense
  • Building & Construction
  • Chemical
  • Other Industrial

By Region

  • North America Aluminum Foam Market
  • Latin America Aluminum Foam Market
  • Europe Aluminum Foam Market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

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Projected to hit US$ 958.4 million in 2022, the global foodservice paper bags market is poised to grow at a Compound Annual CAGR of 5.1% is projected for the years 2022–2032. This market sector is predicted to grow to US$ 1,575.9 million by the end of 2032. A number of causes, including as the growing need for takeout and delivery services in the foodservice industry, strict legislation encouraging sustainability, and consumer preference for eco-friendly packaging solutions, are driving the rapid expansion. Paper bags are becoming a more popular choice for packaging solutions as companies adjust to shifting consumer preferences and environmental concerns.

At first, the foodservice sector used conventional plastic bags to convey food items to customers. However, government initiatives and plastic consumption prohibitions have prompted a change towards sustainable practices, which has created new opportunities for the worldwide foodservice paper bag market to flourish. In line with the growing preference for environmentally conscious solutions in the food business, it is projected that the creation of multiple foodservice outlets worldwide will drive higher demand for foodservice packaging, with a special emphasis on eco-friendly options like foodservice paper bags.

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The foodservice paper bag market has shown steady growth with a CAGR of 4.1% from 2015 to 2021. It is poised for further expansion in the future, driven by factors such as heightened environmental concerns, government regulations, and the overall growth of the foodservice industry.

Market Drivers:

  1. Environmental Concerns: Growing awareness about environmental sustainability and the adverse effects of plastic pollution have fueled the demand for eco-friendly packaging options like paper bags in the foodservice industry.
  2. Government Regulations: Stringent regulations imposed by governments worldwide to reduce plastic usage and promote sustainable packaging solutions have pushed foodservice establishments to adopt paper bags as an alternative.
  3. Consumer Preference: Increasing consumer preference for recyclable and biodegradable packaging materials has led foodservice providers to switch from plastic to paper bags to meet consumer demands and enhance brand image.
  4. Brand Image and Corporate Social Responsibility (CSR): Many foodservice companies are incorporating sustainable practices into their operations to improve their brand image and fulfill their CSR goals, driving the adoption of paper bags as part of their sustainable packaging strategies.
  5. Advancements in Paper Bag Manufacturing: Technological advancements in paper bag manufacturing processes have led to the development of stronger, more durable, and moisture-resistant paper bags, making them suitable for various foodservice applications.
  6. Growth in Food Delivery Services: The proliferation of food delivery services, particularly in urban areas, has boosted the demand for convenient and eco-friendly packaging solutions like paper bags to package and deliver food orders.

Market Restraints:

  1. Higher Cost: Paper bags generally have a higher manufacturing cost compared to plastic bags, which can pose a challenge for foodservice providers, especially smaller businesses, in terms of cost competitiveness.
  2. Limited Durability and Strength: Despite advancements in paper bag manufacturing, they may still lack the durability and strength of plastic bags, limiting their suitability for certain types of food items or transportation methods.
  3. Moisture Sensitivity: Traditional paper bags are susceptible to moisture absorption, which can compromise the integrity of the packaging and the quality of the food products, especially in humid or wet conditions.
  4. Supply Chain Challenges: Ensuring a consistent and reliable supply of high-quality paper materials for bag manufacturing can be challenging, particularly when demand fluctuates or during periods of increased competition for resources.
  5. Perception of Convenience: Some consumers may perceive paper bags as less convenient than plastic bags due to factors such as their tendency to tear or lose shape when carrying heavy or bulky items.
  6. Resistance to Change: Despite growing awareness of environmental issues, some foodservice providers may be reluctant to switch from traditional plastic bags to paper bags due to inertia, perceived inconvenience, or concerns about customer acceptance.

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Key Takeaways

  • Brown kraft-based paper bags are expected to account for more than 4/5th of market value, owing to their stiffness.
  • Non-handle bags will remain the most sought type, capturing nearly 2/3rd of market value, backed by their convenience and low cost.
  • On the basis of end-use, restaurants are poised to capture more than half of overall global value, ascribed to the rising trend of take-away.
  • Europe is projected to spearhead the regional landscape of the market, capturing more than 1/3rd of market value.
  • East Asia will prevail as the second most lucrative regions through the forecast period, holding a quarter of the market value.

Key Players:

  • WestRock Company
  • Hutamaki Oyj
  • Novolex Holdings LLC
  • Ronpak Inc.
  • Mondi Group
  • Amcor Ltd
  • International Paper Company

Competitive Landscape

Major players operating in the global foodservice paper bags market are trying to expand their capacities by developing their facilities. Also, several key players are adopting the merger and acquisition strategy to strengthen and increase their resources. These players are focusing on developing innovative paper bags to gain more market shares.

Some of the latest developments by key players are as follows–

  • In August 2022, Novolex Holdings LLC announced the launch of innovative paper bags for more secure deliveries for retailers and restaurants. The paper bag offers a wide opening for easy loading, a flat bottom to keep items secure, and sturdy paper twist handles for easy & reliable carrying.
  • In March 2022, WestRock Company expanded its production facility by investing US$ 47 Million at its consumer facility in Claremont.
  • In January 2022, Huhtamaki Oyj acquired a company named Smith Anderson Group Ltd. in Portland. The company manufactures and sells paper bags in Eastern Europe.

Foodservice Paper Bags: Impact on the Food Industry

The Foodservice Paper Bags Market’s impact extends beyond its eco-friendly nature. These bags offer practical advantages to both businesses and consumers:

  • Heat Retention: Insulated paper bags are excellent at retaining heat, making them a preferred choice for delivering hot foods like pizzas and other takeout orders.
  • Breathability: Paper bags allow food to breathe, preventing sogginess in products like fried items and maintaining their crispness.
  • Branding and Advertising: Customized paper bags serve as mobile advertisements, showcasing a brand’s identity to potential customers as they’re carried around.
  • Consumer Preference: As consumers become more conscious of their environmental footprint, businesses that offer sustainable packaging options like paper bags gain a competitive edge.

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Key Segmentations:

By Material Type:

  • Brown Kraft
  • White Kraft

By Bag Type:

  • Handle Bags
  • Non-handle Bags

By End User:

  • Foodservice Outlets
  • Online Food Delivery
  • Institutional

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Back in the year 2022, the sales of pet care packaging were roughly equivalent to $10.2 billion USD. The entire market valuation is expected to grow at a compound annual growth rate (CAGR) of 4% over the forecast years, according to the pet care packaging market analysis report. According to this analysis, the market’s net worth is expected to increase from US$ 10.6 billion in 2023 to US$ 15.7 billion by 2033.

The growing number of senior citizens who own pets is driving up demand for pet care packaging solutions worldwide. The growing popularity of ready-to-eat pet foods has also resulted in a significant increase in the requirement for single-serve and small-sized pet care goods.

Market trends and possibilities are anticipated to be hampered by the enforcement of domestic laws pertaining to strict pet food safety and quality regulations. One of the main issues facing suppliers of paper and paper board packaging materials is the scarcity of raw materials and price fluctuations.

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Despite such challenges, the global demand for pet care packaging solutions is anticipated to increase because of the growing knowledge of maintaining a pet’s health. Moreover, owing to the rise in pet lovers globally pet care products are gaining traction in recent years.

Key Takeaways from the Pet Care Packaging Market Study Report

  • The United States is the leading contributor to the total revenue generated by the pet care packaging market players globally.
  • Germany is the leading producer and supplier of pet care packaging solutions for European countries and follows the United States in revenue generation.
  • Meanwhile, the demand for pet care packaging products is growing at a higher rate in the United Kingdom.
  • The Asia Pacific countries are also predicted to witness some promising growth rates during the years 2023 to 2033. Particularly, the countries like China and India are projected to emerge as remarkable markets for sales of pet care packages during this period.
  • Based on the type of packaging, the cans and bags market segment holds a massive revenue share.

Competitive Landscape

Amcor Plc, Aptar Group Inc., Ardagh Group S.A., Coveris Holdings S.A., Crown Holdings Inc., Constantia Flexibles Group GmbH, KapStone Paper and Packaging Corporation, Kendall packaging Corporation, Formell Industries Inc., Mondi Group Plc, ProAmpac LLC, WestRock Company, Sonoco Products Co, Silgan Holdings Inc., TCL Packaging Ltd., NNZ Group, The InterFlex Group Inc., and Berry Global Inc. among others are some key players in the global pet care packaging market.

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 Recent Developments

Some new advances that have taken place in the market include the usage of re-seal ability and re-closable plastic pet care packaging and bags with zippers. In January 2022, Amcor plc. launched a new platform for paper-based packaging for several sectors including pet care products.

The PRO-EVP multiwall bags from ProAmpac are used to get sustainable pet food packaging made out of fiber-based renewable resources and poly/paper hybrid materials. The company already has its PRO-DURA range that does come through in the form of woven polypropylene bags, thereby offering durability and flexibility.

Ceetek, on the same note, has come up with a novel sealing approach called ‘Integrity Seal System’ in partnership with IFP (International Food partners) and WRAP, a packaging company. This could also cut down on standard seal size to 1.5 mm wide 30 from 15 mm.

Key Segments Covered in the Industry

Industry Segment by Material Type:

  • Pet Care Packaging in Plastic Material
  • Pet Care Packaging in Paper & Paperboard Material
  • Pet Care Packaging in Metal Material
  • Pet Care Packaging in Other Packaging Material

Industry Segment by Packaging Type:

  • Pet Care Packaging in Cans
  • Pet Care Packaging in Bags & Pouches
  • Pet Care Packaging in Folding Cartons
  • Pet Care Packaging in Tubes
  • Pet Care Packaging in Blister Packs
  • Pet Care Packaging in Plastic Bottles & Jars
  • Pet Care Packaging in Other Types (Tubes, Cups, etc.)

Industry Segment by Application:

  • Dry Pet Food Packaging
  • Wet Pet Food Packaging
  • Frozen Pet Food Packaging

By End Use:

  • Pet Food for Cats
  • Pet Food for Dogs
  • Pet Food for Birds
  • Pet Food for Other Animals

Industry Segment by Region:

  • North America Market
  • Latin America Market
  • Europe Market
  • East Asia Market
  • South Asia P Market
  • Oceania Market
  • The Middle East & Africa (MEA) Market

About Future Market Insights Inc. (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The German market for adhesive films is poised for substantial growth, with an anticipated potential value of US$ 552.4 million during the projected time frame. This expansion is directly related to Germany’s thriving food and beverage sector, which is the country’s fourth-largest industry according to Germany Trade and Invest (GTAI). This tendency is further supported by Germany’s status as the third-largest worldwide exporter and importer of food and agricultural products. The food industry is a potential market for manufacturers and investors alike since there is a strong correlation between its continued growth and the rising demand for adhesive films in packaging and labeling applications.

Future Market Insights has released a report indicating that the adhesive films market is expected to grow from US$ 19.1 billion in 2023 to US$ 29.8 billion by 2033. According to estimates, the market would grow at a 4.6% CAGR from 2023 to 2033.

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Increased acceptability of innovative packaging items is a sign of the product’s freshness and intact quality. Consumers are less likely to purchase a product if the packaging is unappealing. There has been an incredible increase in terms of demand for graphic packaging and flexographic printing.

Graphic packaging and flexographic printed materials are also aesthetically appealing, as compared to other rigid packaging products. They are considered to be an ideal solution for the consumer products sector, where packaging serves as a means of product distinction and remains the focal point of producers’ attention. This is supporting adhesive films demand in the next ten years.

Key Takeaways: 

  • The bi-axially oriented polypropylene (BOPP) films segment by material is estimated to hold around 41% of the adhesive films industry share.
  • By application, the tapes segment is estimated to offer a growth opportunity of US$ 2.9 Bn from 2023 to 2033.
  • Based on adhesive type, the silicone segment is expected to account for around 57.0% of the global adhesive films market share by 2023.
  • Based on application, graphic films are projected to witness burgeoning growth at 6.0% CAGR between 2022 and 2033.
  • Above 200 Um thickness type is expected to surge at a CAGR 6.1% from 2022 to 2033.

“Adhesive films are user and environmentally friendly, and this factor is expected to generate a high demand for the product. Usage of adhesive films in the food industry is also projected to be fuelled by surging demand for frozen and ready-to-eat food,” says a lead analyst at Future Market Insights.

Aerospace Industry to be a Significant Consumer of Adhesive Films by 2033

Aerospace industry significantly relies on the use of adhesive films on a big scale in order to create airplanes that are visually appealing and practical. Military aircrafts and fleets are susceptible to increased frequency of maintenance and repair.

Exterior, interior, and engine compartments, as well as their overhead bins and useful seat trays, in aircraft all contain adhesive films. The market for adhesive films is likely see an increasing sales as a result.

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Demand for Sustainable & Recyclable Solutions to Enhance Adhesive Films Sales

Governments across the globe are developing legislation to require firms to use eco-friendly production techniques and to supply environmentally friendly products. For instance, the European Commission’s eco-design regulation attempts to decrease the environmental effect of products, including life-cycle and energy consumption, by providing manufacturers with design guidelines for eco-friendly and energy-related items, which is expected to aid adhesive films sales.

As environmental restrictions are governing the disposal of plastic trash, it has raised awareness and resulted in the production of biodegradable packaging items. Adhesive film producers are inventing and manufacturing environmentally friendly products. In the long run, this factor is anticipated to transform the market for these films.

Competition Landscape: 

Few of the manufacturers involved in production of adhesive films are 3M Company, Avery Dennison Corporation, Klöckner Pentaplast, Irplast S.P.A, Cosmo Films, Ecoplast Ltd., Nitto Denko Corp, Adhesive Films, Inc., Grafix Plastics, Shenzhen Sun Tone New Material Co., Ltd., Hexis S.A.S, Presto Tape, Unite Glass, American Polyfilm, Inc., Donlee New Materials Technology Inc., Schweitzer-Mauduit International, Inc. (Mativ Holdings), Zhejiang Deyang Adhesive Products Co., Ltd., Merck KGaA, Porvair Science Ltd. (Porvair plc), Corning, Inc., Brand GmbH & Co KG, Eppendorf AG, Excel Scientific, Inc., Bio-Rad Laboratories, Inc., Toyochem Co., Ltd., Toray Industries, Inc., LINTEC Corp. and ORAFOL Europe GmbH among others.

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Outlook by Category

By Adhesive Type:

  • Acrylic
  • Rubber
  • Water Based
  • Oil Based
  • Silicone

By Material:

  • Bi-axially Oriented Polypropylene (BOPP)
  • Polyethylene (PE)
  • Polyvinyl Chloride (PVC)
  • Polyamide (PA)
  • Others (PET, EVOH)

By Thickness:

  • Up to 50 Um
  • 51 to 100 Um
  • 101 to 200 Um
  • Above 200 Um

By Application:

  • Labels
  • Tapes
  • Envelops
  • Bags & Pouches
  • Graphic Films

By End Use:

  • Electrical & Electronics
  • Building & Construction
  • Aerospace
  • Automotive
  • Packaging
  • Transportation
  • Others (Signage, Medical)

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The thermoplastic tapes market is anticipated to be worth USD 2.2 billion in 2022 and grow at a compound annual growth rate (CAGR) of 4.7% to reach USD 3.0 billion by 2029.A recent study on the thermoplastic tape market by Future Market Insights (FMI) includes an opportunity assessment for the years 2022–2029 as well as a global industry analysis for the years 2014–2021. The study looks at the Thermoplastic Tape Market and offers important information for the 2022–2029 forecast period.

The global thermoplastic tape market is anticipated to increase significantly over the projected period, according to the report’s findings. Thermoplastic tape’s low cost and efficient performance in the production of automotive components are anticipated to propel market expansion in the years to come.

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In addition to enhancing visual appearance of the automotive parts, the diversification in usage and consumption of thermoplastic tape in different end-use sectors including aerospace and building & construction is likely to drive the market growth in the next ten years.

Manufacturers Foresee Lucrative Opportunities in East Asia

Europe will continue to hold a prominent share in the thermoplastic tape market. However, high growth opportunities are expected in East Asia in 2021 and beyond. China is anticipated to represent high incremental opportunity and maximum growth rate in the region. With mounting environmental concerns, the government in the country are continuously imposing regulations to reduce dependency on fossil fuel, which led to increased adoption of composites in automotive and aircraft manufacturing. As a result, thermoplastic tape is likely to gain significant traction in the East Asian countries.

Industry Leader’s Perspective:

According to R&D Vice President of Arkema – leading player in the thermoplastic tape market, carmakers in Europe are focusing on the development of lighter vehicles by replacing metal components with composites, in order to achieve the carbon emissions cap for new cars which will drop from 130 grams to 95 grams per kilometre by 2020. The company’s thermoplastic is set to be a part of this solution, by offering lightweight, efficient, recyclable properties.

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Competitive Landscape

The key manufacturers operating in the thermoplastic tapes market are trying to focus on innovative product launches and expansion due to the increasing demand from the automotive and aerospace sectors.

  • In May 2021, Teijin Limited launched a new carbon fiber thermoplastic unidirectional pre-impregnated tape. This tape is based on PPS.
  • In Feb 2021, MaruHachi Corporation installed a new UP tape line for high-temperature thermoplastic tapes and multi-layer sheet laminates for demanding segments such as aerospace and automotive.

Key Players:

  • Evonik Industries AG
  • Toray Advanced Composites
  • Solvay S.A.
  • Mitsui Chemicals Inc.
  • Arkema S.A.
  • Teijin Limited
  • Covestro AG
  • Koninklijke DSM N.V.
  • Sabic Corporation
  • MaruHachi Corporation

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Thermoplastic Tapes Market By Category

By thickness:

  • Up to 0.20 mm
  • 0.21 – 0.40 mm
  • More Than 0.40 mm

By material type:

  • Fiber
    • Carbon
    • Glass
    • Others
  • Resin
    • PAEK
    • PC
    • PA
    • PET
    • TPU
    • PP
    • Others (PPS, etc.)

By end use:

  • Aerospace
  • Automotive
  • Building & Construction
  • Industrial Goods
  • Oil & Gas

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East and Africa

About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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In 2023, the market for rotational moulding machines is anticipated to reach US$ 918.7 million. By 2033, the market is anticipated to reach US$ 1,321

with a 3.7% compound annual growth rate. A market for packaging machinery was projected to be valued US$60.91 billion worldwide in 2022, of which 1% to 2% is made up of rotational molding machines.

In the plastics business, roto molding—also known as rotational molding—is a fantastic method for producing seamless, double-walled products. Despite being a casting technique, it doesn’t use pressure like many other plastic processing techniques do. Due of the low pressure used in this approach, reasonably inexpensive moulds are required. Demand from the number of end-use sectors is increasing as a result of the incredibly affordable production of relatively small production runs.

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The last 50% of the twentieth century saw improvement in the items made, with center around checking the means of the cycle and their effect on consistency and quality. This prompted the making of the Rotolog, to screen and control the cooling perspective, giving guidance for the development of the business.

Rotational checking machines as they exist today are being viewed as an ideal arrangement, with additional applications for the cycle being thought about, the rotational moldings market is probably going to fill soon

As a cycle, rotational embellishment, the utilization of which are profoundly flexible as are progressively being utilized in the assembling items across enterprises. Notwithstanding, the utilization of rotational embellishment machines for the production of holders, for example, tanks is probably going to stay high while the drums and containers and comparative items are additionally getting momentum.

In view of the sort of machine, rotational embellishment machines can be delegated Rock and roll machine, clamshell machine, vertical or up and over rotational machine, transport machine, swing arm machine and the merry go round machine. Of these machines, because of their functional proficiency, wild machines are set to observe appeal soon. However, vertical rotational embellishment machines are set to see drowsy development over a similar period.

Key Spotlight on Customization

Inside assembling as an industry, the pattern of customization has impacted rotational embellishment machines. Makers are hoping to benefit from this pattern by adding the creation of tailor-made machines to take special care of the shopper’s necessity, to their portfolio. This is being executed as a methodology by central participants hoping to keep up with their strategic advantage in the market.

PLC Controlled Machines for Productivity and Performance

The overarching influence of advancement has led to the integration of programmable logic controller (PLC) with machine interfaces in order to simplify the process itself. With the introduction of PLC machines, along with overall operational efficiency, productivity rates also significantly improved, benefitting players in the business. Because every aspect can be monitored and controlled, including temperature, pressure and even the thickness of the product itself, they are being considered as a viable alternative to non-PLC machines.

Players in the industry are slowly but steadily getting into rotational moulding machines that are equipped with PLC to hold their advantage in the landscape.

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Integrating Tech In Rotational Moulding Machines

The advent of advanced technology has had a pervasive impact on rotational moulding machines, as with every major manufacturing process. The integration of technology has been highly beneficial to players in the industry as they focus on increasing operational efficiency without sacrificing the quality of the end product. Better control of various components such as temperature and time, has led to significant savings of time, energy resources and costs. This is being used to increase the quality quotient of the process and the product itself. Manufacturers, to cater to growing demand from end users are focusing on shorter process time with high efficiency.

One specific innovation in recent years that has changed the face of the rotational moulding machines market is real-time temperature monitoring. Rotational moulding machines that have real-time temperature control allow for the raw material placed inside to be effectively melted and used, for the creation of products that are uniformly aesthetical, with improved performance  of finished product,

Technology and Industry 4.0: The Future

With the influence of technology and advanced procedures being developed to ensure quality, the future of rotational moulding machines is set to lie in precision. The industry itself is moving towards smart machines and the industrial internet of things and the rotational moulding machines is also set to do the same, with PLC enabled machines quickly getting popular.

This is in line with ‘Industry 4.0’ that is focusing on wireless connectivity and sensors, and is connected to a system that is capable of visualizing the process to make decisions themselves. And with aspects like customization and flexibility becoming a standard offered, manufacturing is set to get easier, safer and more efficient than ever before. With cloud computing, block chain and artificial intelligence and advanced tech already being implemented the future of rotational moulding machines is set to be in automation of processes

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Rotational Moulding Machines Market by Category

By Product Type:

  • Carousel Rotational Moulding Machines
  • Rock & Roll Rotational Moulding Machines
  • Shuttle Rotational Moulding Machines
  • Up & Over Rotational Moulding Machines
  • Clamshell Rotational Moulding Machines

 By Application:

  • Tanks & Container
  • Drums & Bins
  • Carts  & Carrier
  • Toys & Kayaks
  • Others

By End Use:

  • Food & Beverage
  • Agriculture
  • Automotive & Marine
  • Chemicals & Petrochemicals
  • Pharmaceuticals
  • Homecare
  • Other Industrial

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Anticipated to hit US$ 31,314.94 million in 2023, the global polypropylene packaging films market is set for substantial growth. Projections indicate a substantial increase, predicted to reach US$ 54,022.3 million by 2033. This trajectory highlights a strong Compound Annual Growth Rate (CAGR) anticipated during the course of the projection. This positive view is influenced by elements including the rising need for lightweight, flexible packaging solutions across a range of industries. Polypropylene packaging films are well-positioned to fulfill changing market demands and spur further growth as sectors place a premium on affordable and environmentally friendly packaging solutions.

Consumer behavior is changing dramatically in the polypropylene packaging films industry, with sustainability emerging as the primary issue. Consequently, there is a growing need for packaging options that are biodegradable, renewable, and environmentally friendly. As a result, the industry is quickly adopting polypropylene packaging films made of sustainable resources, which is a trend.

Furthermore, there is a growing trend for flexible, lightweight packaging options that are portable, easy to use, and convenient. Manufacturers choose polypropylene packaging films because of their superior flexibility and light weight, which enable them to package a wide range of goods.

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Another trend that is driving the polypropylene packaging films market is the demand for high-barrier packaging solutions that can protect products from moisture, oxygen, and other external factors that could degrade the quality of the product. Polypropylene packaging films with high-barrier properties are highly valued in the food and beverage industry.

Finally, consumers are seeking packaging solutions that are unique and personalized to their preferences. Manufacturers are addressing this need by offering customized polypropylene packaging films tailored to meet their customers’ specific requirements, resulting in an increased focus on innovation and differentiation.

The polypropylene packaging films market is growing because people are becoming more interested in flexible packaging solutions and the food and beverage industry is growing, especially in developing regions. Polypropylene films have a number of benefits, such as being able to be recycled, being clean, being easy to shape, being light, and being inexpensive. The demand for polypropylene packaging films is growing because more people are concerned about the environment and more people are aware that they should use sustainable and recyclable packaging. Manufacturers are switching to making more polypropylene packaging films and spending a lot of money to do so. This is to meet the growing demand from end-use industries. Also, the flexible packaging industry is growing quickly because it improves things like shelf life and food safety. Polypropylene packaging films are a part of this industry.

Polypropylene packaging films are one of the most important parts of environmentally friendly packaging. Polypropylene packaging films are in high demand because consumers want sustainable and recyclable products, and because they are strong and last for a long time.

Market Drivers:

  1. Growing Demand for Flexible Packaging: The rise in demand for flexible packaging across various industries such as food and beverage, pharmaceuticals, and consumer goods is a significant driver for the polypropylene packaging films market. These films offer properties like high tensile strength, moisture resistance, and sealability, making them suitable for flexible packaging applications.
  2. Advantages of Polypropylene Films: Polypropylene films offer several advantages such as lightweight, cost-effectiveness, recyclability, and high clarity, which make them preferred choices for packaging solutions.
  3. Increasing Preference for Sustainable Packaging: With growing environmental concerns, there’s a shift towards sustainable packaging solutions. Polypropylene films, being recyclable and having a lower carbon footprint compared to other packaging materials, are gaining traction in the market.
  4. Technological Advancements: Continuous innovations and technological advancements in polypropylene film manufacturing processes, including improvements in barrier properties, printing capabilities, and customization options, are driving market growth.
  5. Rise in E-commerce: The booming e-commerce sector necessitates efficient and durable packaging solutions to ensure product safety during transit. Polypropylene films offer excellent puncture resistance and durability, making them suitable for e-commerce packaging applications.

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Market Restraints:

  1. Price Volatility of Raw Materials: Polypropylene films are manufactured from polypropylene resin, the price of which is subject to fluctuations based on factors like crude oil prices, supply-demand dynamics, and geopolitical factors. This price volatility can pose challenges for manufacturers and impact profit margins.
  2. Stringent Regulations: Regulatory requirements regarding packaging materials, especially concerning food contact materials and environmental standards, can pose challenges for polypropylene film manufacturers. Compliance with these regulations may require investments in research and development and process modifications.
  3. Competition from Alternative Materials: Polypropylene films face competition from alternative packaging materials such as polyester, polyethylene, and paper-based packaging solutions. The choice of packaging material often depends on factors like cost, performance requirements, and environmental considerations, posing a challenge for polypropylene films to maintain market share.
  4. Limited Heat Resistance: While polypropylene films offer several advantages, they have limitations in terms of heat resistance compared to materials like polyester. This restricts their use in applications requiring high-temperature resistance, such as microwaveable packaging.
  5. Environmental Concerns: Despite being recyclable, polypropylene films contribute to plastic waste generation, which is a growing environmental concern. Increasing consumer awareness and regulations aimed at reducing single-use plastics could impact the demand for polypropylene packaging films in the long run.

Key Takeaways

  • The polypropylene packaging films market is intensely competitive, with established players having strong customer relationships.
  • Sustainable and eco-friendly packaging solutions are in high demand.
  • The U.S. market is expected to hold a market share of 14.4% in 2022.
  • Lightweight and flexible packaging is increasingly popular.
  • High-barrier packaging is necessary to protect products from external factors.
  • Customized packaging solutions are becoming increasingly important to consumers.
  • Technological advancements are shaping the future of polypropylene packaging films.

Key Players:

  • Polyplex Corporation Ltd.
  • Panverta
  • LyondellBasell Industries Holdings.
  • Blueridge Films, Inc.
  • TRINIFLEX
  • Jindal Poly Films.
  • MITSUI CHEMICALS AMERICA INC.
  • Cosmo Films Ltd.

Competitive Landscape

The polypropylene packaging films market is fiercely competitive, with established players fighting tooth and nail for a larger slice of the pie. These seasoned players have deep-rooted relationships with their customers, making it a daunting task for new players to enter the game.

However, in this cut-throat market, innovation is the name of the game. Startups are blazing a trail and making their presence felt with their revolutionary products and technologies that are shaking up the industry. These startups are leveraging the latest scientific and technological advancements to create packaging solutions that are not only environmentally friendly but also cost-effective and high performing. In addition, they are expanding the scope of polypropylene packaging films by exploring novel applications that were previously not possible with conventional packaging materials.

Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/10158

Key Segmentations:

By Product Type:

  • BOPP
  • CPP

By Film Format:

  • Clear Films
  • Coated Films
  • Matte Films
  • White Films
  • Metallized Films

By Thickness:

  • Up to 18 microns
  • 18 to 50 microns
  • 51 to 80 microns
  • Above 80 microns

By Application:

  • Bags & Pouches
  • Lamination
  • Tapes
  • Labels
  • Wraps
  • Others

By End Use:

  • Food & Beverages
  • Personal Care & Cosmetics
  • Electric & Electronics
  • Industrial
  • Pharmaceuticals & Medical
  • Tobacco
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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