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The market for paper Edge Protectors is anticipated to grow at a significant CAGR of 4.5% and reach a valuation of US$ 4.56 billion by the end of the forecast period (2023 to 2033). The growth is likely to be driven by the increasing demand for the safe transportation of goods, especially from the pharmaceutical and food industries.

The global market for paper edge protectors is anticipated to gain rapidly in the foreseen years. This is primarily on the basis of sustained and rapid industrialization globally. The rising deman

d presented by different global industries such as pharmaceuticals, food & beverage, and manufacturing, is likely to be the driving force for consistent growth witnessed by the paper edge protectors market over the forecast period of 2023 to 2033.

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Countries such as the United States, Japan, and China are witnessing a rapid increase in production levels which is expected to present opportunities for the market. Industries in these regions are increasing their production capacity with the use of enhanced technology. This is increasing the demand for the transportation of goods and correspondingly surging the market for paper edge protectors.

Key Takeaways from the Market:

  • The market is expected to grow at a CAGR of 4.5% over the forecast period reaching a valuation of US$ 4.56 billion.
  • Till the end of the year 2023 the market is expected to reach a valuation of US$ 2.91 billion.
  • The United States market is anticipated to grow at a promising CAGR of 3.7% over the forecast period.
  • The market in China is likely to grow at a significant CAGR of 6.7% backed by increased industrialization in the region.
  • The recycled paperboard segment is expected to grow at a CAGR of 4.1% as it provides an eco-friendly solution for the packaging industry.
  • The United Kingdom is likely to be the dominant region in Europe and grow at a CAGR of 2.2%.

Competition Analysis for Key Market Players

  • The big players in the global market for paper edge protectors are engaged in acquisitions of smaller players to expand their portfolio of products and increase production capacity. They are also ensuring to provide better products via enhanced technology for manufacturing. This provides key players to get a competitive edge. Key players are also engaged in collaborations to spread their reach and increase business. Some to the key players in the market include Smurfit Kappa Group Plc, VPK Packaging Group NV, Sonoco Products Company, Packaging Corporation Of America, Rengo Co., Ltd., N.A.L. Company, Inc., Primapack SAE., Konfida., Cascades Inc., Litco International, Inc.

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Recent Development in the Market:

VpK Packaging Group was involved in acquiring a leading manufacturer of paper edge protectors from Finland- Corenso.  This acquisition is expected to provide VpK Packaging group with the power to penetrate the European market and also get access to the Chinese market. The company expects to grow its production capacity and expand its revenue via this acquisition.

Key Segments

By Material Type:

  • Solid Bleached Sulphate
  • Coated Unbleached Kraft Paperboard
  • Recycled Paperboard

By Product Type:

  • Angular
  • Round

By End-use Industry:

  • Logistics & Transportation
  • Warehousing
  • Manufacturing
    • Food & Beverage
    • Building & Construction
    • Personal Care & Cosmetics
    • Pharmaceuticals
    • Electrical & Electronics
    • Chemicals
    • Others (Homecare, Toiletries, etc.)

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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
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Expected to achieve a substantial valuation of US$ 9,814.3 million in 2023, the global sachet packaging market is forecasted to further expand to a remarkable Compound Annual Growth Rate (CAGR) of 5.9% from 2023 to 2033, with US$ 17,381.9 million by 2033. The rising popularity of sachet packaging in China is fueled by a rise in disposable income and a growing desire for efficient packaging, particularly for travel. The substantial consumer base in the region draws increased investment from international firms in the sachet packaging industry.

Sachets are quite popular since they are less expensive than bottles, especially for middle-class and price-sensitive consumers. China is in a strong position to gain a significant market share and establish itself as a major player in the rapidly developing sachet packaging business thanks to this economic advantage. The ability of sachet packing to be portable and on-the-go is changing how people consume it and propelling market expansion. Demand is predicted to soar in the next years due to consumers’ growing inclination for sachet packing due to its ease of use, low waste, and practicality. The delivery of creative sachet packets in the food and beverage, consumer goods, healthcare, and personal care industries is predicted to be a major driver of market growth. Manufacturers are investigating ways to draw consumers through portioned marketing.

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It is also expected that the industry will develop because sachet packing is more affordable than other rigid packaging options. Product demand is being positively impacted by lower manufacturing costs, less raw material requirements, and cheaper costs associated with packing, printing, and shipping.

The market is anticipated to expand as a result of the increasing need for small-scale packaging products across a variety of industries, including food and beverage, cosmetics, pharmaceuticals, and personal care. One of the major developments that is favorably impacting the market outlook is the introduction of active packaging emitting sachets in sachet packaging.

New potential for market expansion are being presented by the use of active antimicrobial packaging in packaged food and spaces to delay, limit, or even prevent the growth of pathogenic bacteria and deterioration. Because fewer people are storing food in rural regions, there is a greater need for more convenient packaging, including sachet packing solutions.

Key Takeaways

  • North America is expected to grow with a CAGR of 5.7% during the forecast period.
  • The market in India is projected to witness a promising CAGR of 9.20% during the forecast period.
  • China is expected to grow at a 9.90% CAGR during the forecast period.
  • By material type, plastic is projected to lead the segment and is estimated to grow with a CAGR of 5.5% during the forecast period.
  • By end-use, personal care, and cosmetic segment is expected to lead the market. It is expected to grow with a CAGR of 5.9% during the projected period.

“Growing demand for small portion size and single-serve products is expected to fuel the demand for sachet packaging over the forecast period,” comments an FMI Analyst

Competitive Landscape

The sachet packaging market is extremely competitive and consists of various key industry players. These players are heavily investing in manufacturing sachet packaging solutions.

The key industry players are

  • Glenroy Inc.,
  • Amcor Plc,
  • Huhtamaki Oyj,
  • ProAmpac LLC
  • Constantia Flexibles Group GmbH,
  • AE Adams (Henfield) Ltd,
  • Paharpur 3P,
  • RCP Ranstadt GmbH,
  • Sharp Packaging Services,
  • Sealed Air Corporation.

Key industry players are leveraging organic growth strategies like acquisition, mergers, partnerships, and collaboration in order to enhance their product portfolio. This is expected to fuel the global sachet packaging market.

  • In May 2021, Amcor introduced a high-barrier plastic sheet sachet for packaging powdered chocolate in Columbia. The 25-gram sachet, when recycled, reduces carbon emissions by 50% and water consumption by 83%.
  • In April 2021, Constantia Flexibles acquired Propak, a leading player in the European packaging industry. This merger is generating strong market potential and is proving to be a huge step in film packaging for company’s presence in the rapidly expanding market segment.
  • In July 2022, Unilever, a United Kingdom-based multinational consumer goods company, cooperated with another British multinational packaging and paper group, Mondi. The collaboration was aimed at creating aluminum-free, recyclable paper-based packaging for Colman’s sauces and meal maker range.

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Key Segmentations:

By Material Type:

  • Plastic
  • Paper
  • Aluminium Foil
  • Others

By Pack Size:

  • 1 ml to 10 ml
  • 11 ml to 20 ml
  • 21 ml to 30 ml
  • Above 30 ml

By Packaging Machinery:

  • Vertical Form-fill-seal Machines
  • Horizontal Form-fill-seal Machines

By Application:

  • Food
  • Personal Care & Cosmetics
  • Pharmaceuticals
  • Sealants & Adhesives
  • Lubricants & Solvents
  • Other Applications

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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
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The global market for molded wood pallets is anticipated to grow rapidly in 2023, with revenues rising by 2.0% annually. According to a recent FMI forecast, sales of molded wood pallets are predicted to increase from US$ 2.70 billion in 2023 to US$ 4.66 billion by 2033. In this timeframe, a compound annual growth rate of 5.6% is projected for the molded wood pallets market.

This projected increase highlights the growing need for molded wood pallets throughout the world. The market is anticipated to show an impressive Compound Annual Growth Rate (CAGR) of 5.6% over this time frame, indicating a positive picture for the sector.

Pallets made of wood serve as the main defense, guaranteeing that goods be transported to their destinations safely. Opting for top-notch wooden pallets proves most effective in efficiently lifting a substantial volume of goods during transit, leading to cost savings by minimizing the risks of damage or contamination. Additionally, they serve as a crucial measure in preventing potential injuries to labor due to overloading.

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In recent years, the molded wood pallets market has witnessed remarkable growth, attributed to the compelling attributes of durability, sustainability, and cost-effectiveness. The production of molded pallets involves injecting a molten plastic compound into a pallet mold, yielding robust, uniform, and consistent products. This pioneering manufacturing approach has not only fueled the demand for molded pallets but also led to their widespread adoption, displacing traditional wood pallets and alternative materials across various industries.

The molded wood pallets market in North America is expected to lead the global market during the forecast period. The adoption of molded wooden pallets for importing and exporting commodities across nations is projected to be the main factor driving expansion in this sector.

Key Takeaways:

  • The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 3.5% through 2033.
  • The United States dominated the market in 2022 holding a 15.6% share of the global market.
  • With a CAGR of 8.6% over the forecast period, India is predicted to develop significantly in the market.
  • The market in China is expected to proliferate, registering a CAGR of 8.1% over the forecast period.

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Competitive Landscape:

The top market players in the molded wood pallets market are

  • Litco International Inc,
  • Millwood, Inc,
  • Snyder Industries, Inc,
  • The Nelson Company,
  • Beacon Industries Ltd,
  • Brambles Ltd,
  • Nefab Group,
  • Presswood International BV,
  • CABKA Group GmbH,
  • Schoeller allibert services b.v,
  • Loscam Australia pty ltd,
  • Kronus Group,
  • Linyi Kunpeng Wood Co., Ltd,
  • Taik Sin Timber Industry Sdn Bhd,
  • others

Key players in the molded wood pallets market have chosen acquisition, merger, product launch, business expansion, and agreement as their main developmental methods to provide customers with great products and services. Companies competing in the market are also attempting to form strategic alliances and partnerships with other producers to increase the scope of their product lines.

Recent Developments:

  • In November 2022, Millwood has completed its acquisition of Southworth Wood Products. The 51-acre new region is going to be referred to as MillTree East. Band saws are now being used to reduce the size of the material for pallet assembly. Custom containers and pallets will also be created at this new location, according to the release.
  • In August 2020, Southern Molded Pulp and Molded Fiber Technologies and Acorn Pulp Group entered into a settlement agreement for their state-of-the-art molded fiber manufacturing equipment, which guarantees efficient manufacture of the molded wood pallets.

Key Segmentations-

By Product Type:

  • Nestable /Stackable
  • Rackable Pallets

By End Use:

  • Manufacturing
  • Food & Beverages
  • Chemicals
  • Automotive
  • Pharmaceuticals
  • Others
  • Logistics & Transportation
  • Building & Construction

By Size:

  • Full-size Pallet
  • Quarter-size Pallet
  • Half-size Pallet

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Ex. Japan (APEJ)
  • Middle East & Africa (MEA)
  • Japan

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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Projected from 2023 to 2033, the aluminum extrusion market anticipates a steady growth trajectory with a 4.6% compound annual growth rate (CAGR), surging from US$ 126.67 billion in 2023 to US$ 195.48 billion by 2033. This growth signifies the increasing demand for aluminum extrusion across various industries, driven by its versatility, lightweight properties, and sustainability. As sectors such as construction, automotive, and aerospace continue to adopt aluminum extrusion for its structural integrity and design flexibility, the market is poised for significant expansion. This upward trend reflects the enduring importance of aluminum extrusion in modern manufacturing and construction applications.

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Aluminum Extrusion Industry: Unveiling the Potential

The aluminum extrusion process, known for its intriguing nature, entails shaping aluminum by exerting pressure to pass it through a specially designed die. This results in a diverse array of profiles and components featuring unique shapes and dimensions, unlocking innovative applications across various sectors.

China emerges as the dominant player in the aluminum extrusion market, commanding 59.5% of the global market value. This dominance is fueled by China’s dynamic manufacturing sector and the steady growth of per capita GDP, driving demand for extensive infrastructure development. Particularly, it’s the burgeoning building and construction industry in China that is propelling the increased need for aluminum profiles.

Key Companies:

Key manufacturers operating in the global aluminum extrusions market include

  • Hindalco Industries,
  • Jindal Aluminium Limited,
  • China Zhongwang Holdings Limited,
  • Constellium N.V.,
  • Hydro Extrusions,
  • Arconic Inc.,
  • Gulf Extrusions Co. (LLC),
  • TALCO Aluminum Company,
  • Zahit Aluminum,
  • Bahrain Aluminium Extrusion Co. (Balexco),
  • Qatar Aluminium Extrusion Company,
  • Bonnell Aluminum,
  • SKM Co., Ltd.,
  • Keymark Corporation,
  • Kaiser Aluminum Corp.,
  • Norinco International Cooperation Ltd.,
  • Hulamin Ltd.,
  • Sankyo Material Company,
  • Hammerer Aluminium Industries GmbH, and
  • WISPECO Aluminium.

Growth and Market Trends

The Aluminum Extrusions Market has witnessed impressive growth over the years, owing to various factors such as urbanization, industrialization, and technological advancements. The construction industry has been a significant driver, utilizing aluminum extrusions for windows, doors, curtain walls, and other architectural applications. Additionally, the automotive sector’s growing demand for lightweight materials has further boosted the market.

Key Segments of Aluminum Extrusions Industry Survey

Aluminum Extrusions Market by Product:

  • Automotive Chassis
  • Profile for Poles
  • Profile for Bridges
  • Profile for Rail Tracks
  • Door & Window Profiles
  • Curtain Walls
  • Profile for Heat Exchangers
  • Machinery Components
  • Others

Aluminum Extrusions Market by End User:

  • Aerospace
  • Building & Construction
  • Railways & Seaways
  • Energy
  • Defense
  • Others

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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The global thin-wall plastic container market is seeing rapid expansion, fueled by the growing trend of environmentally friendly packaging options. According to Future Market Insights (FMI), global sales are predicted to reach a significant 307,885 million units in 2021, with a year-over-year growth rate of 5.3%. According to FMI’s analysis, the market’s overall value is expected to rise steadily and reach US$ 32.2 billion in 2021. The thin-wall plastic container market is forecasted to sustain a healthy compound annual growth rate (CAGR) of 5.6% between 2021 and 2031.

Due in large part to the growing need for plastic containers in the food and beverage industry, North America leads this market. With a predicted CAGR of about 4.1% for the duration of the forecast period, the region is expected to continue seeing strong growth. This increase is a result of consumers’ and businesses’ growing preference for thin-walled plastic containers as an eco-friendly and adaptable packaging option.

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Growth Drivers:

  1. Sustainable Packaging Demands: Increasing awareness and demand for sustainable packaging solutions drive the growth of thin wall plastic containers as they are lightweight and contribute to reducing overall packaging material consumption.
  2. E-commerce Expansion: The growth of online shopping and home delivery services boosts the demand for lightweight and durable packaging, positioning thin wall plastic containers as a preferred choice for efficient and secure transportation of goods.
  3. Advancements in Material Technology: Continuous developments in polymer technology and the introduction of new materials enhance the strength, flexibility, and barrier properties of thin wall plastic containers, expanding their application in various industries.
  4. Urbanization and Changing Lifestyles: The global shift toward urban living and evolving consumer lifestyles increase the demand for convenient and portable packaging solutions, favoring the adoption of thin wall plastic containers in the food and beverage industry.
  5. Cost Efficiency and Production Speed: Manufacturers benefit from the cost-effectiveness and rapid production capabilities of thin wall plastic container manufacturing processes, driving growth by meeting the increasing demand for efficient and economical packaging solutions.

Market Innovations:

  1. Barrier Coatings: Innovative barrier coatings and layers applied to thin wall plastic containers enhance their resistance to oxygen, moisture, and other external factors, extending the shelf life of packaged products.
  2. Smart Packaging Solutions: Integration of smart features, such as RFID tags and QR codes, into thin wall plastic containers provides real-time tracking, traceability, and improved supply chain management for both manufacturers and consumers.
  3. Microwaveable and Ovenable Containers: Introduction of thin wall plastic containers designed for microwave and oven use, offering convenience and versatility in heating or cooking pre-packaged meals, contributing to the growing trend of ready-to-eat products.
  4. Biodegradable and Compostable Options: Innovations in eco-friendly materials result in the development of biodegradable and compostable thin wall plastic containers, addressing environmental concerns and meeting the demand for sustainable packaging solutions.
  5. Customized and Lightweight Designs: Advanced manufacturing technologies allow for the creation of customized and intricate designs in thin wall plastic containers, catering to brand-specific requirements and consumer preferences while maintaining lightweight properties for reduced environmental impact.

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Key Players

  1. Dahl-Tech, Inc (U.S.)
  2. Us Pack Group (U.S.)
  3. Dash Packaging Inc (U.S.)
  4. Canyon Plastics Inc (U.S.)
  5. MJS Packaging (U.S.)
  6. Berry Global Inc.(U.S.)
  7. Graham Packaging Company (U.S.)
  8. Alpack Plastics (U.S.)
  9. Plastipak Holdings, Inc (U.S.)
  10. Indorama Ventures Public Company Limited (Thailand)
  11. Kaufman Container (U.S.)
  12. Amcor plc (Switzerland)
  13. Containers Plus (U.S.)
  14. Green Bay Plastics (U.S.)
  15. Mai animal health (U.S.)
  16. Zauba technologies and Data service private limited (India)
  17. Inmark global holding LLC (U.S.)
  18. APEX Plastics (U.S.)

Counterfeit Products to Pose a Threat to the Global Market

Like other vertical industries, the thin-wall plastic containers industry too is inundated by the overflow of counterfeit products. The influx of counterfeit products has been recognized as a core problem for the growth of the market in the long run. These counterfeit products are of low quality and can severely harm the well-being of end users. Companies such as Amcor are looking for ways to address this issue while maintaining their originality in the process.

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Market Segmentation:

Product Type:
Boxes & Bins
Trays
Cups
Lids
Thin Wall Pails
Bowls

Material Type:
Polypropylene (PP)
Polystyrene (PS)
Polyethylene (PE)
High-density Polyethylene (HDPE)
Low-density Polyethylene (LDPE)
Polyethylene Terephthalate (PET)

Manufacturing Technology:
Thermoformed
Vacuum Technology
Injection Molded Technology
Others

Region:
North America
Latin America
Eastern Europe
Western Europe
China
Middle East and Africa
Asia Pacific
Japan

Application:
Dairy Products
Frozen Foods
Fruits and Vegetables
Bakery and Confectionery
Juices and Soups
Meat, Seafood and Poultry
Ready-to-eat Meals
Pharmaceuticals
Personal Care and Cosmetics
Paints, Lubricants and Adhesives

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 global cling film market is is expected to experience rapid growth, rising from US$ 1,291.5 million in 2023 to US$ 2,197.6 million in 2033. Over the course of the projection period, a consistent increase in demand for cling films is anticipated, with a Compound Annual Growth Rate (CAGR) of 5.5%.

Key Drivers:

  1. Features and Versatility: Due to its affordability, adaptability, and durability, cling film packaging is becoming more and more popular as a solution for a variety of packaging requirements in many industries.
  2. Flexible Packaging Demand: The increasing need for flexible packaging solutions drives the adoption of cling films, particularly in the food, pharmaceutical, and consumer electronics sectors.
  3. Rise of Packaged Food Products: Escalating demand for packaged food items, including ready-to-eat meals and dairy products, fuels the growth of the cling film market globally.
  4. Organized Retail Sector Growth: The robust expansion of the organized retail sector contributes to the surge in demand for cling film solutions, particularly in supermarkets and hypermarkets.
  5. Online Grocery and Food Delivery Services: The rise of online grocery shopping and food delivery services further amplifies the demand for cling film packaging solutions, catering to the convenience-oriented consumer market.

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Who is Winning?

Tier 3 players in the cling film market hold 80-90% of the overall value share. Key players contribute up to 20% of the global demand. Capacity expansion and material innovation strategies will remain important in the coming decade.

Berry Global, Intertape Polymer Group, Gruppo Fabbri Vignola S.p.A, Klockner Pentaplast Europe GmbH & Co. KG, Anchor Packaging, Wrapex Limited, and among others are the prominent players in the global cling film market.

Competitive Landscape

Companies operating in the cling film market are aiming for strategic collaborations and partnerships with other manufacturers to expand their portfolio and production capacity.

  • In 2021, Berry global group Inc. announced an investment of more than $70 million in food & beverage, e-commerce and consumer goods sector to support continued growth in consumer packaging films.
  • In 2020, Gruppo Fabbri Vignola S.p.A developed a certified compostable cling film that is appropriate for food packaging. The cling film will have an ideal combination of breathability, aesthetics, and mechanical performance and is also suitable for industrial uses.
  • Compostic announced the launch of certified home-compostable plastic alternative cling film for consumers in the U.S. through online sales channels in 2021.

Trends Shaping the Cling Film Industry:

  1. Modified Atmospheric Packaging (MAP) Technology: Growing demand for MAP technology for fresh produce drives innovation in cling film packaging solutions, enhancing food preservation and shelf life.
  2. Moisture Resistance Requirements: Increased importance of moisture resistance in various industries, including food, pharmaceuticals, and consumer electronics, shapes the development of cling film materials.
  3. Bio-based Packaging Solutions: Development and popularity of bio-based cling film packaging solutions align with rising sustainability concerns and consumer preferences for eco-friendly alternatives.
  4. On-the-Go Food Options: Surging demand for on-the-go and convenient food choices stimulates the growth of cling film packaging, facilitating easy and efficient food storage and transportation.
  5. Antimicrobial Cling Film Rolls: Growing popularity of antimicrobial cling film rolls addresses food safety concerns and enhances hygiene standards in food packaging.

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Growth Opportunities in the Cling Film Industry:

  1. Biodegradable and Eco-friendly Alternatives: As consumer preferences shift towards sustainability, there is a growing opportunity for the development and market penetration of biodegradable and eco-friendly cling film alternatives, addressing environmental concerns.
  2. Expansion of Application Scope: Exploring and promoting new applications for cling film, such as in the industrial sector or for specialty packaging needs, can open up new avenues for growth beyond traditional household uses.
  3. Market Expansion in Developing Regions: Targeting and expanding into emerging markets where disposable income is rising can significantly contribute to the growth of the cling film market, as more consumers adopt convenient packaging solutions.
  4. Technological Advancements in Material Science: Investing in research and development to create cling film with enhanced properties, such as improved freshness preservation, better heat resistance, or advanced barrier capabilities, can differentiate products and attract a broader customer base.
  5. Customization and Personalization Trends: Offering customizable and personalized cling film options, such as prints or sizing options tailored to specific customer needs, can tap into the growing consumer demand for unique and aesthetically pleasing packaging solutions.

Innovations in the Cling Film:

  1. Antimicrobial Cling Films: Introducing cling films with antimicrobial properties to extend the shelf life of packaged goods, prevent contamination, and address consumer concerns regarding food safety.
  2. Smart Packaging Integration: Integrating smart packaging technologies, such as RFID tags or QR codes, into cling film to provide consumers with real-time information about the freshness, origin, and handling of the packaged products.
  3. Microwaveable Cling Films: Innovating cling films that are specifically designed for microwave use, ensuring convenience for consumers who want quick and easy meal preparation without compromising on packaging safety.
  4. Recyclable and Reusable Cling Films: Developing cling films that are not only recyclable but also designed for multiple uses, aligning with the growing trend of reducing single-use plastics and promoting a circular economy.
  5. Nanotechnology for Improved Performance: Leveraging nanotechnology to enhance the performance of cling films, such as improving clinginess, flexibility, and strength, to meet evolving consumer expectations for high-quality and versatile packaging materials.

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Cling Film Market by Category

By Material type:

  • Polyethylene
    • Low Density Polyethylene (LDPE)
    • High Density Polyethylene (HDPE)
    • Linear Low Density Polyethylene (LLDPE)
  • Bi-axially Oriented Polypropylene (BOPP)
  • Polyvinyl Chloride
  • Polyvinylidene Chloride
  • Others

By Thickness:

  • Up to 9 micron
  • 9 to 12 micron
  • Above 12 micron

By End Use:

  • Food
    • Meat
    • Seafood
    • Baked Foods
    • Dairy Products
    • Fruits & Vegetables
    • Ready to Eat Meals
    • Others
  • Healthcare
  • Consumer Goods
  • Others

By Region:

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

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 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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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
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According to Future Market Insights’ latest report, the Europe pet food market is expected to attain $36.4 billion by 2033 USD. Throughout the projected period of 2023 and 2033, pet food sales in Europe are expected to rise at a moderate compound annual growth rate (CAGR) of 5.3%. The increasing tendency of pet humanization is one of the main reasons supporting the need for pet food in the area.

Pet parents are growing more concerned about their companion animals’ health as the number of pets being adopted rises. Therefore, widespread use of social media has led to a rise in public awareness of animal abuse.

European animal shelter adoption is becoming more popular among millennials, who are also strong proponents of animal rights. Consequently, local governments are implementing very stringent regulations that defend the rights of animals.

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As per the study, over the years, there has been a sharp increase in the adoption of dogs and cats across European countries such as the United Kingdom and Germany. For instance, as per the UK Pet Food, around 34% of households across the United Kingdom had dogs.

Similarly, about 28% of households had cats. High adoption of these pets is eventually elevating demand for pet food across Europe and the trend is expected to continue during the projection period.

Rising focus on pet health and growing knowledge of the advantages of protein intake for animals are expected to boost pet food sales across Europe during the projection period.

Pet owners seek out food items with higher nutritional values. They choose numerous kinds of pet foods to give their animals daily nutrients and strengthen their immune systems.

To fulfil the rising demand for healthy foods, major pet food manufacturing companies in Europe are introducing new fortified pet foods. According to FMI, increased customer interest in nutritious and healthy pet food products will be advantageous for companies who produce pet food in Europe.

However, the market is being negatively impacted by the significant capital expenditures required for pet food production, the spread of fake food items, and rigorous regulatory frameworks. With the support of these factors, the demand for pet food in Europe is anticipated to reach a value of US$ 61.2 billion by the end of 2033.

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Key Takeaways from Market Study

  • Europe’s pet food market is estimated to be valued at US$ 36.4 billion in 2023.
  • By nature, the conventional segment holds a significant market share of 67.0% of the Europe pet food industry
  • By product type, kibble/dry segment holds a considerable market share of 25.0% of the Europe pet food industry
  • In terms of pet type, dog segment holds a share of 55.0% in the Europe pet food industry.
  • The United Kingdom pet food market is poised to exhibit a steady growth rate during the next ten years.
  • With increasing pet adoption rates, demand for pet food across Germany is expected to rise at a moderate CAGR between 2023 and 2033.

“Key players are making significant investments in research and development to introduce new products with eco-friendly packaging to strengthen their presence across Europe”, says a lead analyst at Future Market Insights.

Who is Winning?

Leading companies offering pet food include Mars Incorporated, Evanger’s Dog & Cat Food Company, Inc., Mc Adams Pet Foods Limited, Nestle Purina Pet Care, Affinity Petcare SA, Symrise, Roll Over Pet Food Ltd., The Pet Food Market, Canagan Group, Mera Pet Food Family, and Wagg Foods Ltd., Sabre Pet Food.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of Pet Food presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights into the Europe Pet Food Market based on Product Type (Kibble/Dry, Dehydrated Food, Freeze Dried Food, Freeze Dried Raw, Wet Food, Frozen, Raw Food, Powder, and Treats & Chews), Nature (Organic, Mono protein and Conventional), Distribution Channel (Store-based Retailing, Online Retailers), Source (Animal derived, Plant derived, and insect-derived), Pet Type (Cat, Dog, Birds, and Others(Rabbits, Hamster, etc.)), and Packaging (Pouches, Bags, Folding Cartons, Tubs & Cups, and Can) across various European countries.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations- the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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
For Sales Enquiries: sales@futuremarketinsights.com
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