Specialty Packaging Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025

The growth of the packaging industry depends on the economy of the world and also on the type of industries in which the products are used like healthcare, consumer goods and food and beverages. One such segment of packaging industry is the specialty packaging market. Specialty packaging is the innovative packaging which is used by companies to provide a unique packaging experience to the consumers and these companies use this packaging as their brand labels.

Market Overview:

Specialty packaging sector is expected to grow with a high CAGR and is one of the most lucrative segments of the packaging sector. Prestigious brands invest their money on these packaging products to highlight their products and compete in the market. Luxury and specialty packaging includes research, manufacturing, development and manufacturing of the products. Specialty packaging is a growing market and is expected to create lot of opportunities in the future.

Market Dynamics:

Driving force for the specialty packaging market is the growing economy and rising disposable income. People are willing to spend more on the specialty packaging because of the need of new and innovative designs. Companies like spending their money on specialty packaging because of the attractive designs which influence customers to buy their products.

The biggest restraint of the specialty packaging market is the cost which is required in making these packaging products. Specialty packaging products require skilled labors which further increases the cost of the product. Availability of cheap products is another restraint in the specialty packaging market.

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Growing e-commerce market and increasing number of luxury brands producing companies which put their money in specialty packaging has created many opportunities in the specialty packaging market.

Market Segmentation:

The specialty packaging market is segmented on the basis of the end – use industries, by application, and region.

On the basis of the applications, the specialty packaging market is segmented into Baby Food/Food Drinks, Nutritional and Health Drinks, Confectionery, Dressings and Condiments, Pet Food, Pickles, Preserves, Ready Meals and Soups, Cooking Sauces, Dairy Products, Fish and Seafood, Fruits and Deserts, Spreads and Pate, Power Drinks, Meat and Sausage, Nuts and Dry Food, and Others.

On the basis of the end-use industries, the specialty packaging market is segmented into healthcare, food and beverages and consumer goods.

On the basis of geographies, the specialty packaging market is segmented across 7 key region; Latin America, Western Europe, North America, Japan, Asia Pacific excluding Japan, Eastern Europe and Japan. North America is the global leader of specialty packaging market but it has a mature market and is not expected to grow with a high CAGR in the forecasted period. Asia Pacific is also expected to have a high growth in the specialty packaging market in the forecasted period because of the regions like India, China and Japan where packaging industry is growing. The growing demand of luxury packaging has increased the demand of specialty packaging market. Latin America and Europe are also expected to have a decent market share in specialty packaging market.

Key Market Players:

Few of the major key players active in the specialty packaging market includes Verpack Group, Mayr-Melnhof, Crown Specialty Packaging, H.B Fuller, Specialty Packaging AUST Pty Ltd, Specialty Packaging Inc, Tappi and Crown brand building packaging. Some of the key vendors in specialty packaging market are ARPAC, Sealed air re-imagine, M.J.Mallis, Loveshaw and Signode.

The specialty packaging market is expected to grow in future because of the amount of opportunities it creates by designing innovative packaging products for the consumers and industries.

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Advanced Analytics Market: APEJ to Remain Most Lucrative Market for Advanced Analytics

Future Market Insights (FMI) has published a new report, which is titled, “Advanced Analytics Market: APEJ to Remain Most Lucrative Market for Advanced Analytics: Global Industry Analysis (2012 – 2016) & Opportunity Assessment (2017 – 2022).” According to the report, the global advanced analytics market is anticipated to expand at a 5.5% CAGR from 2017 to 2022 and reach a market value of US$13,500 mn by 2022. The growing need to address diverse business requirements is one of the key factors fueling the adoption of advanced analytics.

Businesses are increasingly focusing on expanding their reach so as to gain higher market shares on account of the increasing competition and for this they require intelligence which may help them for predicting future scenarios and preparing them for the future. Businesses also require intelligence to identify opportunities that lie ahead, anticipating the problems that they might encounter in the future, as well as improve the processes. For all these problems, advanced analytics emerge as an effective solution.

The adoption of advanced analytics has also risen on account of a number of niche players who have entered the market and are providing advanced analytics solutions at a relatively lower cost. Moreover, many small and medium sized industries are also offering advanced solutions and updated services so as to optimize businesses at low cost. This is fueling the adoption rates of advanced analytics solutions across businesses and organizations. Businesses are benefiting from incorporating advanced analytics solutions such as Big Data Analytics, data mining, and location intelligence, which enable them to extract valuable information and make smart business decisions.

The perception that advanced analytics can be an expensive technique for adoption is common among many enterprises. However, this perception is soon changing and enterprises are realizing the various benefits of adopting advanced analytics so as to develop market strategies and make customer oriented moves which will bring success to their business.

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On the basis of geography, the global advanced analytics market is segmented into Asia Pacific except Japan, North America, Europe, and the Middle East and Africa. Of these, the fastest expansion is predicted in North America and this region is anticipated to cross US$2500 mn by 2022. For gaining insights, many enterprises within North America are adopting advanced analytics solutions which are helping them to identify various industry trends as well as future opportunities. It is estimated that APEJ will emerge as the largest market for advanced analytics by revenue. Europe will also follow the footsteps North America and expand at a rapid CAGR in the forecast period. However, the Middle East and Africa will experience a slow growth in the advanced analytics market.

By end use, the advanced analytics solution is witnessing fastest sales from the retail and consumer goods industry. By 2022, this segment is expected to cross US$3000 mn by revenue. The BFSI industry segment will exhibit a low CAGR throughout the forecast period whereas the government and healthcare industry segment will expand at a high CAGR through 2022. In terms of revenue however, BFSI will remain one of the most lucrative segments in the market.

On the basis of solution, it is estimated that both visual analytics and big data analytics will witness parallel expansion in terms of sales. The report further states that one third of the total share of the market in 2017 has been contributed by the revenues received from Big Data Analytics and business analytics segments. Surprisingly, in terms of sales, these two segments will exhibit the lowest CAGR between 2017 and 2022 whereas the predictive analytics segment will register the highest CAGR in terms of sales and will become popular as an attractive solution for advanced analytics. The risk analytics segment could also witness rapid expansion by 2022.

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Blow Fill Seal Technology Market: Cutthroat Competition Between North America & Western Europe in Terms of Market Share

The global blow fill seal technology market is estimated to be valued at about US$ 3,122 Mn in 2017. The market is expected to reach about US$ 7,208 Mn by the end of 2027, registering a CAGR of 8.7%. The global sales consumption of blow fill seals is estimated to be pegged at 6,645.5 Mn Units in 2017 and is expected to reach 14,143.3 Mn Units by the end of 2027.

Blow fill seal technology aids in curbing medical non-adherence issues

Over the last three decades, poor medical adherence has posed a serious challenge for the healthcare industry as it raises a risk to patient safety as well as leads to elevated healthcare costs. To deal with the issue, the healthcare industry continually makes serious efforts to improve the use of medication through the development of unique drug delivery systems as well as packaging to ensure the right dose is taken by the patient at the right time.

In the United States specifically, it has been reported that around 50% of prescribed medications are taken incorrectly by patients and in a study conducted by IMS Health, it was reported that costs amounting to more than US$ 200 Bn are incurred in the U.S. healthcare system, due to medicines not being taken by patients responsibly. This scenario has created a demand for pharmaceutical products that have accurately measured doses and provide ease of use and level of comfort to patients. Blow fill seal technology has been extensively employed by pharmaceutical companies in North America for the manufacturing of unit dose packaging solutions as a solution to improve patient adherence to prescribed drug regimes. Moreover, packaging of medication in a single dose through blow fill seal technology ensures better drug accuracy and reduction in the contamination of drugs, due to the protective packaging.

Medication non-adherence is a substantial risk to patient wellbeing — the resulting consequences generate significant waste in healthcare, and cost even more in terms of poor patient outcomes. The expectation of better health outcome in real-world use is leading pharmaceutical companies to focus on key formulation, form and packaging tactics to deliver safer and more effective drugs to patients around the world.

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Manufacturers are faced with the challenge of finding the optimum balance between cost and quality

Manufacturers have to deal with increased pressure to maintain cutting-edge standard manufacturing facilities and also to employ the most skilled workforce. But they are also faced with a challenge to reduce the cost of the final product. Moreover, government cost reduction strategies are generally focussed on generic drugs. Blow fill seal technology costs include labour, resins, straight line depreciation and maintenance, due to which pharmaceutical product manufacturers are reluctant to incorporate this technology in their manufacturing lines. Balance between cost and quality is a major challenge for the pharmaceutical packaging industry. Moreover, the pharmaceutical industry in North America is being impacted by the increasing cost of research and development and by the slow development of new drugs.

Global Blow Fill Seal (BFS) Technology Market Analysis, by Region

• Being a developed region, North America has a huge medical sector that is expected to support the demand for BFS technology in the region. North America is estimated to be the market leader in terms of BFS technology and is expected to register a value CAGR of 9.8%
• The APEJ region is anticipated to register a CAGR of 8.3% in terms of revenue over the forecast period and represent total incremental opportunity of US$ 763 Mn
• Western Europe is expected to be the second largest region in the BFS technology market as it spends hugely on the pharmaceutical sector. The region is slated to exhibit a value CAGR of 9.1%
• MEA is anticipated to be the smallest contributor in the global BFS technology market over the forecast period

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Smart Plant-Based Food Packaging – A New Way to Package Food that Cuts Down on Harmful Carbon Emissions

Food packaging is essential for containment of products, preservation and protection, to reduce food spoilage, eliminating the risk of adulteration and present food in a hygienic and aesthetically attractive way. According to the Agriculture and Food Organization, one third of the food in the world is wasted and most of this wasted food is generated by retailers and consumers who follow dates on packages and throw away edible food due to a label. Therefore, a project was initiated in order to develop smart plant based food packaging which increases the shelf life of food and the researchers also have formulated sensors that notify the consumers and retailers whether the food inside can be consumed or not. The global smart plant based food packaging is expected to register a healthy growth rate over the forecast period.

The global smart plant based food packaging market is driven by various factors which includes eminent advantages of smart plant based food packaging and demand from food & beverage industry. Smart plant based food packaging not only extend the life of the food product but also eliminates the need for environment-harming plastic. The global smart plant based food packaging market can be segmented on the basis of product type, material type and as per the region. On the basis of product type, the global smart plant based food packaging market is segmented into blow moulded, pot designed and others. On the basis of material type, the global smart plant based food packaging market is divided into cellulose based film and blow moulded film. On the basis of region, the global smart plant based food packaging market is segmented into North America, Europe and the emerging countries of Asia Pacific.

Safety of food products has become a top priority of consumers on a global scale. Increasing awareness among the consumers regarding the environmental concerns and gradual change in buying habits, which in turn is anticipated to propel the smart plant based food packaging market. Biodegradable plant based polymers in smart plant based food packaging is manufactured by cultivating carbohydrates via bacteria, while bio plant based polymers are macromolecules derived from plant residues. This provides the smart plant based food packaging improved food preservative properties. It is mainly designed to extend shelf life of the food and also to protect the contents from its surroundings. Standard packaging permits the entry of air which places limitations on shelf life of the food.

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There are lot of opportunities that exists for smart plant based food packaging in the food packaging market in the developing economies as the food packaging technology is making huge progress in these regions, which in turn is anticipated to drive the global smart plant based food packaging market globally. North America is leading the smart plant based food packaging market followed by the Asia Pacific and Europe market for smart plant based food packaging. However, the growth rate shown in these regions have subsided considerably as the smart plant based food packaging market is close to its peak. This growth is however restored by the high growth rate of smart plant based food packaging market in regions of Asia Pacific which includes China, India and Latin America.

Smart plant based food packaging is one of the areas where food packaging companies can emphasize on refining their practices. Reutilizing in-house and using eco-friendly and/or recyclable packaging is another step, but making smart plant based food packaging materials means using more biodegradable products. Heinz, Coca-Cola and SINTEF are the major companies participating in the movement towards the use of smart plant based food packaging. Coca-Cola uses Brazilian sugarcane but is also looking into other plant based materials. Currently all of the company’s bottles are made of fully recyclable plastic using bio-based products whereas SINTEF is now ready to present the first demonstration of packaging made from polyactic acid. The company has partnered with other collaborators like Logoplaste and Greek company Agro to develop smart plant based food packaging. Other food packaging companies need to find if they can alter their packaging necessities and fit smart plant based food packaging material in their budget for which the USDA has proposed a loan guarantee program which will give smart plant based food packaging manufacturers easy access to loan and also cheaper interest rates in order to build a new plant.

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Root Beer Market: Global Industry Analysis and Opportunity Assessment 2017-2027

Root beer is a beverage brewed from a variety of roots, herbs, berries, and barks. Traditionally, it is made at home as a medicinal beverage. Primary ingredients used to make root beers include artificial sassafras flavors and sugar. Most modern root beers are carbonated soft drinks and generally sweet and foamy. Root beers are may be carbonated or non-carbonated.

Initially, Sassafras tree was used as the main ingredient to make the root beer. The sassafras tree contains volatile oils. However, now a days most modern root beers are made with artificial flavors and sweeteners and do not contain Sassafras as the US Food and Drug Administration banned the use of Sassafras in food and beverages, due to the health concerns associated with Sassafras. The most common ingredients used to make different root beer flavors include Anise, which provides licorice flavor, Sarsaparilla is use to provide bitter flavor, Vanilla is used impart a creaminess flavor and Wintergreen is used to provide a minty flavor to root beer.

Market Segmentation:

The Root Beer market can be segmented on the basis of type, by distribution channel, and by regions. On the basis of type, the Root Beer market can be segmented into alcoholic and Non-alcoholic. Alcoholic root beer have been gaining popularity in the major markets such as North America.

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Based upon distribution channel, root beer market is segmented into supermarkets/ hypermarkets, specialty liquor stores, online, bar and nightclubs, and others. Amongst rapidly growing distribution network specialty liquor stores acquire major market shares followed by bar and nightclubs.

Market Regional Outlook:

On the basis of geography, the root beer market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and Africa. In regional markets, North America is the largest producer and consumer of Root beer. In North America, U.S. is the leading consumer of Root beers.  The ability to pair well with a scoop of vanilla ice cream and distinctive flavoring, soft root beers remains a popular choice among consumers. Alcohol root beers are becoming more popular due to its less alcohol percentage and sweet taste and the brew tastes nearly identical to a non-alcoholic root beer. Europe is another major market for root beers after North America. Root beers are gaining popularity in Asia Pacific and Middle East, due to changing consumer life style and influences of western culture. This factors are expected to drive root beer market growth in developing regions.

Market Drivers and Trends:

The desire among the consumers for new and interesting flavored craft brews is the major driving factor for global root beer market. Root beers possess a fine balance between full-flavored creaminess and strong root spiciness. Root beers are available in different flavors unlike traditional beers. Furthermore, the unique flavor profile of root beers has made it one of the most popular beverage among the consumers. Increasing consumer interest in sweeter taste beers also driven the market for root beer market globally. The main ingredient used to make root beers is wintergreen which has a fresh flavor and sharply strong aroma. By mixing wintergreen with the additional ingredients in the soda, it provides a nice balance against the sweetness. There are hundreds of different recipes for root beer and the drink has a wide range of flavors, which creates opportunity to offer various beer flavors in the market. The common ingredients used to make root beer include Anise, liquorice root, Sarsaparilla, Sassafras.

Root Beer Market Key Players:

The market for Root Beer is highly fragmented with a large number of regional and international players. Some of the key players in Root Beer market include  Craft, A&W Restaurants, Sage Mixology company, Dr Pepper Snapple Group, Crazy Uncle, Mill Street Brew Hall, Seagram, Rhineland Brewing Co, Best Damn Brewing Co etc.,

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Pallets Market: Market Players and Regional Data Coverage Report of 2025

Demand for pallets is gaining healthy traction owing to increasing urbanization in emerging countries such as China, Brazil and India, implicating the establishment of better and safer goods transportation system in large-scale industries such as food & beverages, pharmaceuticals and agriculture in these nations. According to Persistence Market Research’s new report, the globalpallets market, which is currently valued at over US$ 47,337 Mn is expected to register a CAGR of 5.4% between 2017 and 2025 to reach a valuation of US$ 76,067.2 Mn. During this eight years of the forecast, the market will be primarily driven by increasing global standards of goods transportation operations that is necessitating the adoption of pallets to a significant extent.

PMR’s report, titled “Global Pallets Market Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025” projects that growth of the retail and automotive sectors in regions such as Asia Pacific and Latin America is likely to boost the growth of the global pallets market over the next couple of years. The market in Asia Pacific is anticipated to present lucrative growth opportunities for pallet manufacturers. Moreover, growing number of supermarkets and hypermarkets is also leading to widespread adoption of pallets in the region. Pallets facilitate easier and faster movement of large quantities of consumer products from inventories to display cabinets. In terms of value, Europe and North America are expected to retain their leading positions in the global pallets market over the forecast period, as these two regions were early adopters of pallets.

PMR report further cites that leading players in the market are focused on geographical expansion through acquisitions and mergers in an effort to increase sales. Companies are also concentrating on strengthening their distribution network in order to maintain a competitive edge in the global market.

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Brambles Ltd., Falkenhahn AG, Cabka Group GmbH, Palettes Gestion Services, PalletOne, Inc., Schoeller Allibert Group B.V., Corrugated Pallets Company, ORBIS Corporation, Craemer Holding GmbH, Rehrig Pacific Company, Inc., Edwards Timber Company, Inc., Shanghai Lika Plastic Pallet Manufacturing Co., Ltd., Tasler, Inc., World Steel Pallet Co., Ltd., Arrington Lumber and Pallet Company, L.C.N Inc., Industrial Pallet Corporation, Loscam Australia Pty Ltd, PECO Pallet, Inc. are some of the prominent companies operating in the global market for pallets. Many of these companies are further improving their product portfolio by developing new products that are more efficient and have greater functionality.

Key Excerpts from the Report Include

• Based on structural design, block pallets are the most widely used pallets across the world, however, in North American stringer pallets are favored more. In terms of value, block pallets are expected to account for the largest share of the market over the forecast period.

• By material type, wood is currently the most preferred material for manufacturing pallets. This is primarily owing to its massive benefits in terms of response time and low startup cost for customized designs. Nevertheless, demand for plastic pallets is expected to grow at an impressive rate during the forecast period.

• By end-user, the food and beverage sector accounts for the largest value share of the market and is expected remain dominant throughout the assessment period.

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Data Protection as a Service (DPaaS) Market Research Report 2017

The three leading providers of data protection as a service models in 2015 were EMC Corporation, HP Development Company, L.P., and Amazon Web Services, Inc. They held leading shares in DPaaS consistently till now and are additionally showing a high rate of growth over the coming years. The data protection as a service models provided by IBM Corporation are considered to hold strong potential.

As per a new publication by Transparency Market Research, the global market for data protection as a service is in a state of intense competition, due to the high proliferation of cloud computing in multiple industries and sectors around the world. With data recovery and disaster management of data fast becoming the top priorities of both large enterprises and SMEs, the providers of data protection as a service are situated in a highly promising position of growth till 2024.

The global market for data protection as a service is expected to show an astronomical CAGR of 30.1% within the forecast period from 2016 to 2024, with respect to its revenue. The revenue is expected to be US$5.66 bn by the end of 2016 and is projected to reach US$46.40 bn by the end of 2024.

North America Leads Demand for DPaaS

North America, with its massive IT industry and the growing scope of cloud computing in the public sector, is expected to retain its dominant share in the global market for data protection as a service. By the end of 2024, North America is expected to generate as much as US$14.07 bn in DPaaS revenue.

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Asia Pacific on the other hand is expected to be the faster region in terms of demand for data protection as a service. This region’s DPaaS market is projected at a CAGR of 33.6% from 2016 to 2024.

Globally, the private cloud has been the more preferred deployment model for data protection as a service. This segment is expected to generate US$20.123 bn by the end of 2024. Meanwhile, hybrid clouds are expected to show the faster growth in demand as far as the deployment of DPaaS is concerned. It is projected at a CAGR of 31.1% from 2016 to 2024.

In terms of the types of services offered in DPaaS, DRaaS is expected to overtake BaaS by 2024, reaching a revenue of US$19.73 bn.

DPaaS Need Increases With Growing Cloud Computing Workloads

One of the key drivers for the global data protection as a service market is the staggering volumes of workload taken up by the cloud computing application markets. There is a very high degree of virtualization today, with SaaS, PaaS, and IaaS being pushed across multiple industry verticals. The overall workload is rapidly migrating from conventional data centers to cloud-based platforms.

“With greater cloud-based workloads will come a greater need for data protection. This is where the providers of data protection as a service come in, supplying the needful,” states a TMR analyst.

Complexity and Compatibility Still hampering DPaaS Proliferation

DPaaS solutions can be extremely complicated in nature when it comes to deployment. This has to do with the current IT systems and infrastructure already in place. This system can be quite complex and detailed, and to replicate the same on a cloud platform can become very difficult and time consuming. There is a relative lack of redundancy solutions being offered by DPaaS providers, further increasing the restraining factor on the market’s growth.

There is also the issue of compatibility when it comes to the cloud applications and their use in multiple industry verticals. Most data protection as a service solutions are high-transaction and critical in nature, thereby allowing little scope of creating archetypes that can be applied across different vertical, thereby restraining the market’s growth.

The analyst adds, “There is still an immense scope of growth left for data protection as a service providers in emerging economies, especially the Asia Pacific region. India, China, and Southeast Asia are expected to become key regions in the utility of cloud computing, thus becoming key sources of finding users for data protection as a service solutions.

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