Lamitubes Market – Technological breakthroughs, Value chain and stakeholder analysis by 2027

Lamitubes are also known as laminated tubes due to its characteristic manufacturing which encompasses several layers of polymers and other materials. Lamitubes provides excellent barrier thus helping in increasing the product shelf life. Due to this aided feature, the lamitubes is expected to experience tremendous demand in terms of volume from several industrial verticals including food, pharmaceuticals and cosmetics throughout the forecast period. Owing to its penetration in various industries, the manufacturers are intended in enhancing the properties by making the product more reliable, smooth, flexible, puncture resistant, moisture resistant and high filling line speed that best suits the application in various industries.

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Lamitubes can be fitted with wide range of caps and closures system such as flip top, stand up caps, etc. another value added feature contributing to its increasing demand across several industrial verticals. Aided by these end use as well as industry favorable properties, the market of lamitubes is anticipated to grow both in terms of value and volume between 2017 and 2027.

Lamitubes Market – Dynamics

Lamitubes is finding an increasing demand across several industrial verticals including food, pharmaceuticals, cosmetics, etc. The global pharmaceutical industry have shown a continuous growth over the past few decades translating into increasing demand for the allied products such as lamitubes. Lamitubes are used for the storage of pharmaceutical products like pain relaxants, anti-fungal creams, oral care gels, etc. Cosmetic industry as surfaced as a versatile market over past few years. This sector is involved in introducing new products which requires attractive and reliable packaging. Lamitubes have served the purpose by maintaining the product integrity by providing features like moisture and tamper resistant.

Lamitubes are used for packaging cosmetics such as face creams, face wash, skin care products, etc. Owing to this features, the demand for lamitubes is expected to increase over the forecast period. The market for lamitubes is expected to be driven by its industry, product and end user friendly features like tamper evident, moisture resistant, adaptability to various caps and closures systems. However, the traditional packaging solutions like bottles and pouches may challenge the growth of the lamitubes market over the forecast period.

Lamitubes Market – Segmentation

The lamitubes market is segmented as follows:

On the basis of material type, lamitubes market is segmented into:

• Aluminium lamitubes
• EVOH lamitubes
• PE lamitubes
• PET lamitubes
• OPP lamitubes

On the basis of cap type, lamitubes market is segmented into:

• FEZ cap lamitubes
• Stand up cap lamitubes
• Flip top cap lamitubes

On the basis of end use, lamitubes market is segmented into:

• Pharmaceuticals
• Cosmetics
• Food
• Homecare
• Others

Lamitubes Market – Region wise outlook

The global lamitubes market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

For the past few decades, Asia Pacific has experienced a burgeoning growth in pharmaceutical industry. The demand of the allied product such as lamitubes is thus expected to witness a hike in terms of demand from this sector over the forecast period. India and China, the two emerging economies have shown a continuous growth in pharmaceutical and cosmetic industry. This growth is also anticipated to reflect into increasing demand for the laminate tubes from these regions. North America has a well-established market and is therefore expected to follow Asia Pacific in terms of demand for the laminate tubes throughout the forecast period. Latin America is anticipated to show relatively slower growth in the lamitubes market owing to its stagnant economy. Europe and Middle East and Africa are expected to reflect a sluggish growth in lamitubes market between 2017 and 2027 due to the prevailing stagnant economy in the region.

Lamitubes Market – Key Players

The key players in the lamitubes market include Exxon Mobil Corporation., Essel Propack Limited, Prutha Packaging PVT LTD., Monosoft Packaging, INDIA, Proactive Plast Pvt. Ltd, Abdos Lamitubes.

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Digital Packaging Market – A cutting-edge technology,industry survey and new business opportunities 2025

Digital packaging refers to the use of modern digital technologies as a core part of packaging elements used for several products, especially in the consumer goods industry. This can imply the use of printed elements on the packaging that users or consumers can use to gain access to digital content or products. At the same time, digital packaging is being used on large scales internally by manufacturing companies and other corporations in order to identify packages faster and also to maintain delivering efficiency and product safety.

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The food and beverages industry, for instance, is increasingly making use of RFID technologies in packaging in order to speed up transportation, processing, and delivery of products, while additionally using rapid scanning technologies to ensure that the products being transported are protected and fresh. RFID is just one of the many technologies being used in the global digital packaging market that has transcended from being a niche quirk for developers and enthusiasts to large scale implementations that can cut down some serious time.

QR codes are another key technology being used in the global digital packaging market. These codes are machine readable and mobile friendly codes that contain vital information regarding a package that can be used across the distribution chain to ensure safe transportation of a package. It also allows consumers to gain direct information of the products they are buying, including online manuals and warranty registrations.

Digital packaging can be defined as the incorporation of digital technology into the packaging of products. Digital technology incorporated into packaging includes near field communication (NFC), radio frequency identification (RFID), Bluetooth, Wi-Fi, QR codes, Barcodes, etc. The implementation of digital packaging therefore encompasses broad range of packaging systems such as labels, tags, closures, flexible packaging, rigid packaging, etc.

The global digital packaging market is observed to be in the germination stage and is anticipated to expand considerably over the forecast period 2017-2027. The US$ 800 billion global packaging market offers enormous growth potential for the digital packaging segment in terms of engineering, design, innovation and product development activities. Market players entering into the digital packaging market are streamlining their product life cycle (PLC) strategies in order to grab the early mover’s advantage.

Historical analysis into the evolution and growth of digital packaging market has brought to the surface innovative products in packaging that include smart tags, labels, smart pharmaceutical bottles, hydration reminder smart water bottles, interactive packaging, digitally connected packaging systems, etc.

Global Digital Packaging Market: Market Dynamics

Emergence of internet of things (IOT) has led to packaging manufacturers incorporating smart sensors into their packaging solutions in order to broaden the packaging functionality. Smart sensors used in the digital packaging market have the ability to track information regarding temperature, motion and pressure. Smart sensors, smart labels and barcodes have allowed manufacturers to track products in the supply chain and logistics processes. End use industries such as food, beverages and pharmaceuticals have prominently leveraged the use of connected technology to gauge and record information pertaining to temperature, internal atmosphere, pressure and motion.

In February 2017, manufacturer of snacks foods Frito-Lay, Inc. incorporated digital technology in the packaging of their tortilla-chip snack Tostitos. The bags used for packaging of Tostitos are incorporated with alcohol sensors coupled with LED lights and NFC technology. The smart sensors allowed consumer engagement by promoting the notion safe driving.

Manufacturers and especially consumer brands are looking at packaging as the gateway to the perceptual understanding among consumers. The use of QR codes on packaging has enabled consumer packaged goods (CPG) manufacturers to engage consumers in innovative ways and drive sales and business growth. QR codes have enabled brands to offer discounts, prizes, gather feedback or supply product related information.

Digital packaging market is observed to gradually include traditional packaging formats which are remodeled to incorporate the principles of digital packaging. Smart bottles are incorporated with digital technology to provide enhanced functionalities such as hydration reminders, medical dosage reminders, time and temperature indication, tracking and recording the quality of wines, etc. The smart bottle segment within the digital packaging market itself is estimated to be reach US$ 200 million by 2024.

Global Digital Packaging Market: Market Segmentation

The global digital packaging market is segmented as per product type, technology type, and application type.

As per the product type, the global digital packaging market is segmented into

• Smart sensors
• Smart bottles
• Smart labels
• Smart tags
• Others (flexible bags, boxes, cartons, etc.)

As per the technology type, the global digital packaging market is segmented into

• NFC
• RFID
• QR Code
• Barcodes
• Wi-Fi
• Bluetooth
• USB
• Others (printed electronics)

Global Digital Packaging Market: Regional Outlook

Geographically the global digital packaging market is segmented into 7 key regions including North America, Latin America, Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East and Africa (MEA).

Global Digital Packaging Market: Key Players

Some of the players operating in the digital packaging market include Thin Film Electronics ASA, Avery Dennison, Trago, Inc., Thermos L.L.C., AdhereTech Inc., Weber Packaging Solutions, Inc., Saralon Gmbh, Amcor Limited

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Coffee Packaging Market – Key Growth Factors and Industry Analysis 2017-2025

Packaging is the most important factor for determining consumer’s acceptance of any product in the market. Almost everything we buy in modern days is delivered in a packaging system. Packaging, therefore plays a decisive role in sales of consumer products such as beverages. Young population across the world prefers coffee as a refreshment drink and these coffee lovers expect coffee brands to resonate the value offering through its packaging. In recent times, consumer’s perception towards coffee packaging has gained prominence and is influencing the global coffee packaging market.

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Coffee content has to be protected by packaging so that it can remain fresh for 12-18 months which is the average expiry time of coffee products. Packaging protects coffee from various factors such as humidity, temperature, spillage, etc. Packaging solution implemented for coffee packaging has to keep intact the aroma of the product. Coffee packaging also helps the product from direct contact with oxygen which can reduce the flavor and can create harmful microorganisms in it. Coffee packaging is also required for transportation of coffee products from one part of the globe to other without damaging the content and aroma.

Global Coffee Packaging – Market Dynamics:

Widespread consumption of coffee across the globe and the presence of established brands in the coffee market, has led packaging manufacturers develop solutions particularly targeting coffee products. The coffee packaging market is expected to exhibit a healthy growth rate over the forecast period, 2016-2024. Rapid industrialization and urbanization are some of the key factors responsible for dynamic growth of coffee packaging market. Coffee packaging is also considered to be a sustainable option which can satisfy consumer demand and growing retailers across the globe. Extensive product mix offered by coffee manufacturers targeting demographically diverse market segments have led to packaging solutions developed for different coffee products.

In April 2017, Amcor Ltd announced the product launch of their metal free laminated coffee packaging solution ‘Vento’, at Interpack show in Germany. In April 2016, Crown Holdings Inc collaborated with Nestle SA to provide innovative coffee packaging solutions.

Global Coffee Packaging- Market Segmentation:

The global coffee packaging market can be segmented by the material type, by packaging type, and by size.

On the basis of material type, the global coffee packaging market is segmented into:

• Plastic
• Polyethylene (PE)
• Polypropylene (PP)
• Polyethylene Terephthalate (PET)
• Others
• Metal
• Tin
• Steel
• Aluminum
• Paper & Paperboard
• Glass
• Others (wood, etc.)

On the basis of packaging type, the global coffee packaging market is segmented into:

• Stand-up pouches
• Side Gusseted bags
• Vacuum pouches & bags
• Flat bottom bags
• Bag-in box
• Bottles
• Cans
• Others

Global Coffee Packaging – Regional Overview:

The global coffee packaging market can be divided into seven major regions which are as follows:

• North America
• Latin America
• Eastern Europe
• Western Europe
• Asia-Pacific excluding Japan
• Japan
• Middle East & Africa

The market for coffee packaging is mainly dominated by North America which is expected to register positive growth over the forecast period. Coffee packaging market in Asia-Pacific region is estimated to witness the highest growth over the forecast period due to increase in per capita disposable income among emerging economies such as China and India. Europe region is expected to have a steady growth for coffee packaging market over the forecast period. Latin America and the Middle East & Africa region are expected to have above average growth over the forecast period for the global coffee packaging market.

Global Coffee Packaging – Key players:

Few of the key players in coffee packaging are Amcor Ltd, Bemis Co Inc, Mondi PLC, DS Smith PLC, ProAmpac LLC, Graham Packaging Company, L.P., Pacific Bag, Inc., Crown Holdings Inc, Poly Pak Plastics, Novolex Holdings, Inc., Min Lee Packaging Materials Co., Ltd., Color Hoyo Paper & Plastic Products Co., Ltd., Jmei Packaging Company Limited, Dejili Packing Material Co., Ltd., Packmate Packaging Co., Ltd., etc.

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Inserts and Dividers Market – New Tech Developments and Industry advancements to watch out for 2027

Inserts and Dividers are the partitions made in cartons and boxes to efficiently pack fragile products. The big cartons or boxes are divided into suitable size cells that can best hold the product to be packed and maintain a desirable space between the products so as to minimize the breakage and damage of the product during transportation and logistics. Attributed by its safety features, industries such as pharmaceuticals, beverage and cosmetics are using inserts and dividers for packaging their products which are usually stored in glass bottles and hence are more fragile and prone to breakage during shipping and transportation. Inserts and dividers are usually made from plastics, paperboard and corrugated cardboard and foam which are used as per the requirement and the safety of the product.

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Plastic inserts are rigid and tough and are generally preferred for less fragile products such cold drink bottles. Corrugated inserts and dividers offer higher degree of cushioning and protection and are therefore used for packaging more fragile items such as wine and beer bottles. Due to its demand and application in various industrial verticals, the inserts and dividers market is expected to grow in terms of demand throughout the forecast period.

Inserts and Dividers Market – Dynamics

The necessity to offer higher product safety during transportation and logistics for various industrial products such as pharmaceuticals, beverages, cosmetics, etc. can be easily achieved by using inserts and drivers to obtain desirable size partition that best suits the product to be packed. This characteristic feature coupled with cost efficiency is expected to drive the overall market of inserts and dividers between 2017 and 2027. However, the existing packaging solutions such as bubble wrap, etc. can challenge the growth of the inserts and dividers market over the forecast period.

Inserts and Dividers Market – Segmentation

The Inserts and Dividers market is segmented as follows:

On the basis of material, Inserts and Dividers market is segmented into:

• Plastic
  • PET
  • PP
  • HDPE
  • Others
• Paper
  • Paperboard
  • Corrugated Cardboard
• Foam

On the basis of End Use Industry, Inserts and Dividers market is segmented into:

• Pharmaceutical Industry
• Food and Beverage Industry
• Personal Care
• Others

Inserts and Dividers Market – Region Wise Outlook

On the basis of geographical regions, the global Inserts and Dividers market is divided into following regions: North America, Latin America, Europe, Asia Pacific and Middle East & Africa.

Asia Pacific is anticipated to have a growing market opportunity for Inserts and Divides due to the emerging pharmaceutical, food and beverage and cosmetic industry in the region. All this industry are involved in packing and storing of their products in glass containers and hence requires reliable packaging solution which can ensure product safety during transportation and logistics. North America has a well-established economy and hence is anticipated to show a steady growth in inserts and dividers market between 2017 and 2027. Latin America have experienced relatively slower growth in pharmaceutical, food and beverage industry and the trend is expected to continue over the forecast period. This in turn is expected to slower the inserts and dividers market in the region. Europe, Middle East and Africa have a stagnant economy which in turn is anticipated to reflect into a sluggish growth in the inserts and dividers market throughout the forecast period.

Inserts and Dividers Market – Key Players

The key players in the Inserts and Dividers market includes THE GOLDEN BOX, Cactus Corrugated Containers Inc, Imperial Printing & Paper Box Mfg. Co., Innerpak of Wisconsin, Inc., Multicell Packaging Inc., M & M Box Partitions Co., DS Smith,  Myton Industries Inc. and Micor Packaging.

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Smart Syrup Cap Market – Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

Packaging in the traditional era was supposed to be the material use to wrap and protect the goods. It was supposed to be the necessity to protect and transport the product without any physical damage to it. With the advent of packaging trends, the packaging is supposed to be the value additions and competitive advantage. Latest trends in the packaging avail the industries to provide modified packaging materials and intelligent systems which can interact with the product and surrounding environment to improve customer satisfaction. Latest technological advancement such as Bluetooth and RFID has facilitated the manufacturers to provide intelligent and smart packaging to the food and pharmaceutical industries.

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The latest trend in the packaging of the food, beverage and pharmaceutical industries provide smart syrup caps which avail the customers to track the daily usage or doses taken as per prescription. Smart caps thus displays some doses taken in last 24 hours and elapsed time since the last dose. Various pharmaceutical and beverage industries started implementing new techniques which facilitate the users to consume the medicines and syrup in a specified format. These smart caps of the syrup bottles collect data about the opening, transmitting and closing time of the cap of the bottle. It thus reminds the patients about the doses and thus reduces the death rate to some extent.

Global Smart Syrup Cap: Market Dynamics

Global smart syrup cap market is majorly driven by the pharmaceutical industries. The factors such as consumers demanding higher-quality products, affordable prices and growing competition within the industries, resulted in some significant changes not only in the ingredients but also in the packaging systems are expected to propel the global smart syrup cap market. It has been observed that majority of the people forget or avoid to have full prescribed course owing to various behavioral trends such as lack of awareness, busy working schedules and lack of seriousness about their health. This smart syrup cap thus reminds them to have timely medical schedule both in household and healthcare sectors. Moreover, the growing consumers’ demand for packaged food products, as well as continuous changes in industry caused by globalization, innovations in food packaging have contributed to increasing the development of new packaging systems which is expected to lead the smart syrup cap market during the forecast period 2017-2027.

However, the factors affecting the overall smart syrup cap market are designing aspect of the packaging focusing on the users’ safety, fulfilling regulatory requirements, limited budget, and competitive pricing. These factors are expected to stagnant the global market for the smart syrup caps. The major factors affecting the demand for the smart syrup cap is the increasing packaging and R&D cost. Companies, to have the competitive advantage and create brand value, have to invest highly in the research and development which affects the overall profit margin. The restraining factors for the global smart syrup cap market include geographical expansions. Many areas in developing and even in developed countries lack technical knowledge which can affect the overall demand for the market. It thus limits the targeted audience. All these factors are supposed to be the restraining factors for the overall smart syrup cap market.

Global Smart Syrup Cap: Segmentation

The global smart syrup cap market is segmented by technology used

• Near Frequency Communication
• Radio Frequency Identification
• Bluetooth

The global smart syrup cap market is segmented by end-use application

• Food and Beverage
• Pharmaceutical

Global Smart Syrup Cap: Segment Overview

Global Smart Syrup Cap is segmented by technologies used. Software and cost of production are the two major factors which are to be considered while fixing the marketing price of the product. Near frequency communications, Radio frequency identification (RFID), Bluetooth all can be used in the smart syrup cap market. The RFID enabled smart syrup cap dominates the overall market in the technology segment. It is expected to gain significant market share in the forecast period. Based on the end-use industries, the global smart syrup cap market is expected to gain traction owing to growing demand for the technologically advanced products from the pharmaceutical industries. The pharmaceutical industry in the end use application segment is expected to trigger the overall demand for the smart syrup cap market.

Global Smart Syrup Cap: Regional Overview

Geographically, the global smart syrup cap market is segmented into seven regions including Japan, Middle East and Africa, Asia-Pacific, Eastern and Western Europe, Latin America and North America. Owing to increasing investment in the pharmaceutical and food industries and rapid industrialization, Asia-Pacific market is anticipated to gain traction in the forecast period. Increasing demand for the innovative products facilitates the market to expand its geographical area. Thus Asia Pacific is anticipated to be the potential market for the global smart syrup cap market during 2017-2027. North America and Europe due to more inclination towards innovative packaging systems, market competition and growing demand for the intelligent products from the customers triggers the demand for the smart syrup cap market in the global platform. Thus, global smart syrup cap market is expected to grow with the significant CAGR and show positive outlook in the forecast period.

Global Smart Syrup Cap: Market Players

Some of the prominent players for the global smart syrup cap market includes Information Mediary Corporation (IMC), Cypak.

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Vertical Forming, Filling & Sealing Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2027

Packaging is the technology of protecting and safeguarding the products for distribution, storage, and sale. Packaging machines are thus in high demand as they are used to pack and protect the broad range of commercial products including food, drinks, and various other products. Vertical Forming, Filling & Sealing machine also known as vertical forming filling and sealing are complicated, flexible and versatile machines used in the packaging industry for various types of dry, solid and liquid products.  The vertical form fill and seal machines facilitate the user to have a vertical packaging system in the forms of the tube, pouch. It fills the bag with the product and finally seals the pouch. They are used in vegetables, frozen shrimp, coffee, insecticides, and pesticides and other.

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Global Vertical Forming, Filling & Sealing: Market Dynamics

The vertical forming, filling and sealing machines are the popular type of packaging machines widely used in the various industrial application. Various factors that fuel the market growth includes its wide range of applications, its speed of packaging, easy and convenient changeovers, reliability and low maintenance and operational cost. The other factors include software oriented operation, increasing demand from the food and beverage, chemicals and personal care industries, growing demand for the packaged consumer products, and growing flexible packaging industries that propel the vertical forming, filling and sealing machine markets.

However, the factors such as the cost of vertical forming filling and sealing machines especially for continuous vertical forming filling and sealing machines, losses caused during size changes, and machine maintenance affects the global market growth of the vertical forming, filling and sealing machines. Other factors such as products to be packed and production time all are considered while purchasing the machine and thus affect the overall market growth. The risk of mis-purchase has been increased due to technological advancement in the machine operations. All the above factors are expected to influence the total consumption of the vertical forming filling and sealing machine market at the global level during the forecast period.

Global Vertical Forming, Filling & Sealing: Segmentation

Based on types of vertical forming, filling and sealing machine, vertical forming filling and sealing machine is segmented into

• Intermittent motion machines
• Continuous motion machines

Based on End-use, vertical forming filling and sealing machine is segmented into

• Food & Beverages,
• Personal Care,
• Pharmaceuticals
• Chemical
• Agriculture

Based on functional areas, vertical forming filling and sealing machine is segmented into

• Mixing weighing and dosing
• Forming
• Feeding, aligning and registration
• Closing, sealing, and cutting

Based on machine formats, vertical forming filling and sealing machine is segmented into

• Single lane
• Multi-lane
• Exposed or open and closed machines

Based on product usage, vertical forming filling and sealing machine is segmented into

• Bulk goods
• Powders
• Grains or granulate
• Liquids

Global Vertical Forming, Filling & Sealing: Segment Overview

There are two types of Vertical forming filling and sealing machines in which intermittent motion machine works on dual seal formats. When the film is moving, intermittent seals vertical bags and when it stops, horizontal bag seals are made. It is majorly used in seafood. It can weigh semi-moist foods and snacks. Whereas, continuous motion machine made both vertical and horizontal bags when the film is in motion. Based on the functional uses, the vertical forming, filling and sealing motion is segmented into four areas. It includes mixing, weighing and dosing the product into the pouch or bag, forming the pack to be packaged depending on the nature of the product, feeding, aligning and registering the product package, closing, sealing and cutting the material used in the packaging process. By its machine formats, the vertical forming, filling and sealing machine is divided into single, multiple lanes and open and closed machines. Single lane machine format is used for various sizes of pouches or bags as it forms single pouch during each cycle.

Multi-lane format machine creates multiple pouches in each cycle. It is used for multiple small packets such as small salt and sugar packets. And the open and closed machine format. Based on end-use industries, the vertical forming, filling and sealing machine is used in food and beverage industries for tea, sugar, wafers, and candies. For fresh vegetable packaging and pouches for sauces and detergents. The vertical forming, filling and sealing machine is also used in chemical and pharmaceutical industries for various packaging purposes. Based on the products to be packaged, the vertical forming, filling and sealing machine is used for packaging of bulk goods such as nuts and cookies. For powdered goods such as coffee, for grains and granules such as detergents, and tea and liquids such as ketchup, and gel.

Global Vertical Forming, Filling & Sealing: Regional Overview

The global vertical forming, filling and sealing machine market is majorly divided into North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, Japan and the Middle East and Africa. The vertical forming, filling and sealing machine market is expected to gain traction in Asia Pacific market owing to heavy industrial investment in food and beverage industries in the regions such as China and India. The growing demand for the multipurpose packaging bags and machines triggers the growth of vertical forming filling and sealing machine in this area. Asia Pacific thus is expected to dominate the vertical forming filling and sealing market with significant CAGR during the forecast period. North America and Europe are also contributing the significant share in the global market growth of the vertical forming filling and sealing and is expected to remain in the prominent market for the forecast period.

Global Vertical Forming, Filling & Sealing: Market players

Some of the prominent players of the global vertical forming, filling and sealing machine market includes Robert Bosch GmbH, SACMI FILLING S.P.A., Haver & Boecker OHG, Rockwell Automation Inc., Viking Masek Global Packaging Technologies, Nichrome Packaging Solutions

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Pallet Shrink Film Packaging Market – Influential Factors Determining the Trajectory of the Market

Among the packaging industry, flexible packaging is one of the fastest growing segments and is widely replacing rigid packaging segment for various applications. One of this types of flexible packaging is the shrink films which are highly used across the supply chain. Manufacturers usually use Shrink films packaging to stabilize heavy and unstable load types that are placed on pallets. Shrink wraps/films are loosely covered around a product/loads which are placed on pallets & then this film shrinks tightly when exposed to heat.

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Shrink films are heated with the use of heat gun that releases hot air or in another case, shrink packed products are passed through shrink tunnels. Pallet shrink film is usually made from polyolefin plastics. Pallet shPallet Shrink Film Packaging Market rink film is typically employed to protect products from external factors such as dust and thus firmly combine smaller objects together. Pallet shrink film is widely used for covering foods & beverages across the globe and is also used for packaging of consumer products, pharmaceuticals, and other industrial products.

Pallet Shrink Film Packaging Market: Drivers and Restraints

The market for pallet shrink film is anticipated to be driven by growth in the consumption of packaged food and beverages products across the globe. Pallet shrink films are weather resistant, provides the least amount of packaging damage during logistics and transportation are also breathable in nature. These all factors appeal the manufacturers across the globe to use pallet shrink films/wraps and thus drive the growth of the global pallet shrink film packaging market.  However, higher machine cost used in heating shrink films is the major drawbacks of pallet shrink film. Moreover, Biodegradability has arisen as environmental challenges thus hampering the growth of pallet shrink film market to a great extent. As a result, promotion of bio-based materials by governments of various countries has emerged as an opportunity to develop biodegradable pallet shrink film for market players.

Pallet Shrink Film Packaging Market: Segmentation

The pallet shrink film packaging market is segmented as follows

On the basis of product type, the pallet shrink film packaging market is segmented into:

• Polyolefin plastics
• Linear Low Density Polyethylene (LLDPE)
• Low Density Polyethylene (LDPE)
• Polyvinyl chloride (PVC)
• Polypropylene (PP)
• Others

On the basis of applications, the pallet shrink film packaging market is segmented into:

• Food & Beverages packaging
• Industrial/bulk product packaging
• Pharmaceuticals packaging
• Consumer product packaging
• Others

Pallet Shrink Film Packaging Market: Regional Overview

Geographically, the pallet shrink film packaging market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).

The pallet shrink films markets in Europe and North America are rather in a mature stage and are thus likely to lose a considerable share of the global market to Asia Pacific. Key players that currently operate in developed shrink films packaging markets such as Europe and North America are focusing on APAC to grow in revenue by optimally utilizing the resources available in India and other ASEAN countries at a very low rate.

The Asia-Pacific market is projected to develop as the most lucrative market for the growth of shrink film packaging. Asia Pacific region offers lucrative opportunities for players that operate in the manufacturing of pallet shrink films as a result of the rise in investments in the manufacturing sector, increasing disposal income with growing urbanization. This increase is also attributed to the growth in the packaging of food & beverages, consumer products, Electronic appliances and pharmaceuticals products from the developing economies such as India and China.

Latin America and Middle-east & Africa region are expected to show a positive rate of growth over the forecast period. Higher demand for packaging for food and beverages products, industrial goods, pharmaceutical etc. are some of the primary reason for the growth of pallet shrink film packaging market in this region.

Overall, the pallet shrink film packaging market is estimated to witness a healthy CAGR over the forecast period.

Pallet Shrink Film Packaging Market: Key Players

Some of the key players that operate in the pallet shrink film packaging market across the globe are AEP Industries Inc., Bemis Company, Inc., Amcor Limited, Coveris Holdings S.A., Sigma Plastics Group, Inc., DongGuan HuaYu Packing co., Ltd., Grafix Arts. Clondalkin Group Holdings BV and Berry Global, Inc.

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