Hermetic Laser Packaging Market Driven by Rising Demand From the Industrial Applications

Packaging is the process of protecting the product through various layers applied of different material to avoid direct contact with the external atmosphere. Packaging and its modernization have proved to be the latest trend in the packaging market as it provides the manufacturers to have value additions to their product. Packaging is the foremost factor which attracts the customers and thus is the targeted section in the product sale. Hermetic packaging is such a unique packaging in which the product is wrapped in a way that there is no space for air or any such elements and thus provide sufficient protection from the outer environment.

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The hermetic packaging is expected to gain traction as it is widely used in various industrial applications such as defense, military, aeronautics and other.  The primary benefit of hermetic packaging is that it protect the electronics such as sensors, laser diodes and other such components that are sensitive and has to be protected with extra layers. Thus the global hermetic laser packaging market is expected to grow with significant CAGR in the forecast period.

The major factor that drives the global hermetic laser packaging market is the rising demand from the industrial applications such as electronics, aeronautics, defense, and military. The global hermetic laser packaging market is expected to gain traction in the forecast period as it is reliable, durable, provide effective protection, avoid contact with the oxygen and moisture, flexible and is effective to use. The increase in the demand for the multi-layer ceramic packaging for wireless, optical and data communication propels the growth of global hermetic laser packaging market in the forecast period. The demand for the hermetic laser packaging is triggered considering its ability to withstand higher temperature providing ease to the user irrespective of any temperature constraints.

The hermetic laser packaging protects and safeguard the highly sensitive electronic components and thus is high in demand for the automobile industries, aeronautics and other defense and military applications. The manufacturers’ to attract the customers with the quality of the product and to provide the high degree of protection to the product, are more inclined towards the use of hermetic laser packaging. It thus fuels the growth of global hermetic laser packaging market during the forecast period 2017-2027.

The global hermetic laser packaging market is segmented into various categories such as type, applications, configurations and end use industries. The global hermetic laser packaging market is segmented into various applications in which the MEMS switches, sensors, lasers and other such components are used.

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Exterior Packaging Market is Rising Rapidly Due to Its Front Printed Appearance

Exterior Packaging refers to any packaging used for enclosing or protecting products for distribution, storage, sale, and use. However, it does not include interior packaging such as Internal Pouches, Pillow Packs etc. which in turn are used as a compliment to exterior packaging to enhance protectiveness and does not contribute to aesthetics, thus governing purchasing decisions. The availability of variegated type of exterior packaging is the most prominent driver fuelling revenues in the global exterior packaging market.

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The major factors boosting the growth of Exterior Packaging Market is rising disposable income which has led to increase in consumer power, and has directed the modern consumerism, which includes product packaging and the need to transport products safely with good control during handling. As Exterior Packaging is a sure attention getter in the marketplace due to its front printed appearance, demand for the product due to its aesthetic look in another driver for the global Exterior Packaging market. Apart from this, the customization Exterior Packaging offers as per the packaging and handling needs is also an added advantage for various companies to adopt Exterior Packaging for all packs irrespective of the sizes.

Trends in the market include shift towards packaging which takes less production times and is significantly light weight, to offer logistic cost benefits. Further environmental effects of many packaging materials is restraining the demand for those materials, and companies are shifting towards organic based packaging. The availability of variegated type of exterior packaging options for one product, is a significant driver for the market, as it pushes companies to often shift from one packaging to other, based on consumer preferences, environmental regulations and cost effectiveness.

Geographically, Exterior Packaging market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. Asia Pacific Exc. Japan has been a global leader in Exterior Packaging market, due to high demand for consumer goods, particularly in across all industry verticals inclusive of automotive components, food and beverages, pharma or retail and regions existing high preference for polythene based products.

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Specialty Packaging – Innovative Packaging Used by Companies to Provide a Unique Packaging Experience

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.

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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.

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.

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.

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.

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Consumer Barrier Films – Excellent Product Display Which Enhances their Chances of Selling

In the past couple of decades, rigid packaging has given way to the more convenient flexible packaging solutions. Consumer barrier films serve a variety of purposes, such as aroma protection, and increasing shelf life of the product within. Consumer barrier films find a wide range of applications in the food, home & personal care, pet food & pet care industries, and the likes, for flow wrapping, lidding and other purposes. The transparent nature of the consumer packaging films enables excellent product display, which enhances their chances of selling.

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Consumer barrier films are necessary for food and non-food products alike, for acting as an efficient aroma, odour, and gas barrier, thus facilitating growth in preference for consumer barrier films in the market. Consumer barrier films find applications in a variety of horizontal and vertical form-fill-seal applications. Rising demand for flexible packaging solutions that enhance the shelf life of the product, coupled with more consumer appeal for packaging solutions with excellent product presentation, are the major factors expected to ensure a positive outlook for the global consumer barrier films market, over the forecast period.

The global packaging industry has undergone significant transformation in the past couple of decades, driven by evolving consumer-level and design-level trends. Significant improvements have been made in the way products are packaged, keeping ‘consumer-convenience’ as the main objective. Several factors are expected to fuel growth of the global consumer barrier films market, which, as discussed above, include a growing demand for packaging solutions which enhance the shelf life of the product. In addition, consumer barrier films decrease the need for preservatives, and prevent de-oxygenation of the product, thereby stopping degradation of the food product.

Growth of the global consumer barrier films market could, however, be hampered by concerns regarding the ability of plastic material to enable exchange of vapors and gases, thereby threatening to compromise the safety and quality of packaged products. Manufacturers in the global consumer barrier films market have been focusing on consumer convenience for new product launches, which has enabled addition of new features such as high sealing strength, anti-fogging abilities, anti-static nature, and high printability. All these features are expected to drive growth of the global barrier films market, over the forecast period.

Few of the key players operating in the global consumer barrier films market are – Mondi Plc, Sealed Air Corporation, Amcor Limited, Flair Flexible Packaging Corporation, and Bemis Company, Inc.

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Stretch Films – Highly Engineered Polythene Films Which are used in Packaging Goods

The global packaging industry is expected to grow in the forecast period due to wide applications in industries like healthcare, food and drinks, cosmetics and other consumer as well as industrial good industries. Stretch films are highly engineered polythene films which are used in packaging goods. These films are used because of their elasticity and flexibility. Stretch films are primarily used to wrap the pallet loads because of their special properties of being moisture and air resistant which prevents the goods from getting damaged and thus enhancing the quality of these goods.

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Demand for stretch films is expected to grow in future because of the rising demand of packaging industry for the protection of goods during distribution. Stretch films market is expected to grow with a high CAGR and is one of the most lucrative segments of the packaging sector. Stretch films market is a growing market and is expected to create a lot of opportunities in future. Stretch films are commonly used in packaging industry to combine small individual items into pallets and it also protects these products from getting damaged during storage or shipment.

The biggest driving force for stretch films market is that, it is cost effective, user-friendly, more energy efficient, faster and a better option than shrink film products. The other driving force for the stretch films market is the growing R&D’s which produce new products that provides more efficiency than the older ones. The growing retail industry and hypermarkets which are usually cited outside the city requires stretch film products to send their goods resulting in increasing the demand of stretch films.

Few of the major restraints in the stretch films market are the rising raw materials cost, availability of cheap alternatives, and environmental concerns. Growing demand of packaging products has increased the consumption of plastics which requires a proper disposal of these products resulting in increasing the environmental concerns among the stretch films manufacturers.

Few of the major key players active in the stretch films market includes Allen Plastic Industries Co. Ltd, Vishakha Polyfab, four star plastics, Griff paper and film, CS Hyde company, International plastics Inc, Bagla group of companies, and Italdibipack group.

Stretch films market is expected to grow considerably in the coming years because of the amount of opportunities it creates by designing innovative packaging products for the consumers and industries.

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Bundle Films – Ensure Cost Savings and Reduction in Waste Volume

Bundle films are packaging films that are used as an outer packaging layer, to bundle similar consumer products, mainly during transit or storage. Bundle films are usually thicker than conventional films. Bundle films find application in wrapping similar products, such as, multiple cans and bottles of the same type. The preference for bundle films is high, and is expected to remain so, due to rising demand for safe packaging solutions that guarantee transit of good without damage.

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Bundle films are customizable and are available in a variety of thickness, grade and size to suit client requirements. These include availability in mono-layer and multi-layer versions. Bundle films find applications in storage and transportation of food products such as fresh or processed meat, fish & poultry, cosmetic & haircare products, and toiletries & hygiene products, among others. Bundle films ensure cost savings, reduction in waste volume, and sustainability, thereby ensuring a positive outlook for growth of the global bundle films market, over the forecast period.

The global packaging industry has undergone significant transformation in the last couple of decades, leading to an absolute need for customization and higher standards for safety of product during transit. Bundle films have high printability, and can be subjected to both rotogravure and flexographic printing. Printability of bundle films is one of the major factors that is expected to fuel growth of the global bundle films market. Along with the transformation of the global packaging market, there has been an expansion in the variety of goods that are transported.

Bundle films are thicker than conventional films, which increases their reliability for safe transit of goods. Both stretch and shrink films can be used as bundle films. Manufacturers of bundle films across the globe focus on attributes which are expected to catapult the global bundle films market, such as – higher strength, clarity, tear and puncture resistance, enhanced sealability, among others. Bundle films can impart characteristics such as clarity, gloss and strength to particular application. In addition, preference for bundle films among end users, owing to their advantages over alternative packaging solutions such as, paperboard, which is also widely used today.

Some of the key players operating in the global bundle films market are – Mondi Plc, AEP Industries Inc., and Pfankuch Folien GmbH, among others.

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Composite Closures Market driven by Growing Health Awareness among Consumers

Growth of the packaging industry depends on economy of the world and also on the type of industries in which the products are used such as healthcare, consumer goods, and food and beverages. One such segment of packaging industry is the composite closure market. Composite closures are the lids which are used to cover a container. They can be of different sizes and designs.

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Composite closures market is expected to increase with a high CAGR in the future because of the growing packaging industry. Composite closures are easy to use and find its applications in various segments. Composite closures market depends on the growth of packaging industry and is forecasted to have a high growth rate in the developing regions like Asia and South America.

Driving force for the composite closures market is the growing economy and rising requirements of brand differentiation and enhancement, growing health awareness among consumers, and increasing environmental awareness. Companies are focusing on new designs and sizes especially in the consumer goods which will increase the market share of composite closures. These new designs attract consumers resulting in increasing the composite closures market value.

The biggest restraint of the composite closures market is the rising prices of raw materials which increases cost expenditure resulting in increasing the prices of composite closures. Other restraint of the composite closure market is the availability of cheap alternatives which can easily replace these closures.

Growing e-commerce market and increasing consumption of food has created a lot of opportunities for the composite closures market.

Few of the major key players active in the composite closure market includes Crown brand build packaging, Herti, Sligan, G3 Enterprises, Magenta, Mocap Incorporated, Phoenix closures, Portola packaging, RD industries, Silgan white clap, Triseal and Yorker Packaging.

Overall it can be concluded that the growth prospects of the composite closures market are promising, as adoption across most of the regional markets is set to increase in the foreseeable future, with substantial projected gains in some areas.

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