Metal Cans and Glass Jars Market: Demand from Food Industry to Grant Sustainable Business Prospects

The competitive landscapes of metal cans and glass jars market in India and Iran feature stark contrasts in terms of bargaining power of suppliers and consumers. The markets, however, feature essentially similar growth opportunities and threat from alternatives such as PET and paper packaging, finds a recent report by Transparency Market Research.

The market for metal cans and glass jars in India is highly consolidated, granting high bargaining power to suppliers of both finished products as well as raw materials, and presenting intense entry barriers for new ventures. The glass jars market witnessed small- and medium-sized companies account only for a 23% share in the overall market in 2015. The top four vendors in the market, including HNGIL, Haldyn Glass, Piramal Glass, and HSIL collectively accounted for the lion’s share with 75%, of the overall market in the same year. In the metal cans market too, the top companies Hindustan Tin Works Ltd., Rexam PLC, and Kaira Can Company Ltd., collectively held a dominant 50% share in the overall market in 2015.

On the other hand, both the metal cans and glass jars markets in Iran are characterized by moderate to high levels of fragmentation. The moderately fragmented market for metal cans in the country saw the top three companies, Iran Ghouti, Farr Co. Ltd., and Tabriz Can Industries, collectively account for a more than 40% share in the overall market 2015. Other manufacturers accounted for a dominant 60% share in the market in the same year.

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The glass jars market demonstrated stark fragmentation in the same year with small- and medium-sized companies accounting for around 90% shares in the overall market. The Iran market for metal cans and glass jars thus features strong competition, low margins, low bargaining power for suppliers, and the threat of international competitor ventures. The market features low entry barriers and consolidations through mergers and acquisitions may fare well for companies aspiring to create economies of scale.

Innovative Product Designs and Efforts to Educate Consumers about Benefits of Metal and Glass Packaging Will Benefit Market

Innovation is key to success in the metal cans industry. Companies in India and Iran are investing extensively on the development of products with features such as easy-open lids, which do not require the use of can openers, self-heating cans made from self-heating steel, and EZO cans that can be conveniently used by all age groups owing to their innovative packaging. These product varieties have gained favorable reviews from consumers, leading to considerable improvement in brand value for clients.

Metal and glass packaging have an upper hand to plastics when it comes to recycling. TMR analysts note that recycling and reusing metal and glass packaging materials and products are not only cost-effective for manufacturers but are also highly environmentally viable practices. Vast energy savings are easily achieved through recycling and reusing glass and metal packaging products. For achieving sustainable growth, raising awareness among consumers about these long term benefits of these products will have to be the major focus of companies in the metal cans and glass jars market in India and Iran in the coming years.

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Green Packaging Market to Offer Promising Growth Opportunities

The green packaging market across the globe is expected to experience a stable growth from 2015 to 2021. Green packaging alternatively known as sustainable packaging market is segmented on the basis of application, packaging type and geography. The packaging type is further bifurcated into recycled content packaging, reusable packaging and degradable packaging. The various categories of recycled content packaging are paper packaging, plastic packaging, metal packaging and glass packaging among others. The reusable packaging is divided into drums, plastic container and others. On the basis of application the green packaging market has been segmented into food and beverage packaging, personal care packaging, health care packaging and others. By geography, the green packaging market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).

Increasing environmental concern is one of the major factors fuelling the demand for green packaging globally. Owing to this factor, considerable efforts are being made for reduction of toxic waste emissions. Green package results in very less toxic emission and causes less pollution in form of landfills. Consequently, there is an increasing demand for green packaging to keep the environment clean and pollution free. Moreover, Owing to increase in government’s initiative to clean the environment, strict regulations are formulated by government globally. Manufacturers are now under pressure to use eco friendly material in packaging and adopt methods that have less adverse impact on environment.

Consequently, many industries have to adhere to green packaging as a part of their Extended Producers Responsibility (EPR). This factor is also boosting the market to a great extent. In addition, the use of green packaging gives competitive advantage to industry over other market players since consumers prefer products having sustainable packaging over others. Owing to this factor, the demand for green packaging is increasing and expected to grow rapidly during the forecast period.

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However, reduction in profit margin due to increase in production cost is one of the factors restraining the growth of green packaging market. In addition, limited consumers demand due to lack of awareness regarding green packaging among consumers also limits the industries to switch to green packaging. However, government is taking initiative to make people aware of the importance and benefits of green packaging. In spite of these restraining factors the green packaging market will stand firm during the forecasted period.

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Plastic Packaging Market – Proliferation of Food & Beverage Industry Fuels Growth

The global plastic packaging market features a fragmented vendor landscape with the presence of several well-established players. Keen players are pouring money into research and development for product advancement. They are also adopting the inorganic growth route, thus entering into partnerships and alliances with small market players.

Prominent companies operating in the global plastic packaging market include Bemis Company Inc., Mindi plc, Ampac holdings LLC, Ukrplastic Corporation, Amcor Ltd., Constantia Flexibles International GmbH, Huhtamaki Oyi, sealed Air Corporation, Sonoco Products Company, and Wipak Group.

As per a recent market study by Transparency Market Research (TMR), the global plastic packaging market is predicted to clock a CAGR of 5.20% between 2014 and 2020, for the market to be worth US$370.2 bn by 2020 end. The demand in the market translated into a revenue of US$259.6 bn in 2013. By product, the global plastic packaging market has been segmented into rigid and flexible. Of the two, rigid packaging segment presently holds the leading market share. The report estimates the rigid packaging segment to continue to lead through the forecast period. By end use, food and beverages held the leading more than 65% of the overall market in 2013; the segment is anticipated to remain at the fore through 2020.

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Geography-wise, Asia Pacific displayed the leading demand to account for 35% of market share in 2013. The region is likely to remain at the lead due to the rising use of plastic packaging in the food and beverage and healthcare industry.

Proliferation of the food and beverage industry is one of the key factors driving the plastic packaging market. Plastics serve to provide a tougher, cleaner, and aesthetically appealing form of packaging for the food and beverage industry. There lies strong demand for lot of products to be manufactured in pouches, plastic bags, and sachets. Plastic packaging provides advantages of strength and durability that is far superior to any other material for the same price.

The growth of the healthcare industry has boosted the plastic packaging market to a high degree. Medicinal solutions, syringes, IV bags, IV tubes are some of the things extensively used in the healthcare sector use plastic packaging. Plastic packaging helps maintain hygiene and are less susceptible to damage, leaks than glass packaging.

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However, the growth of global plastic packaging market is impeded due to several factors. Mandates to control prices of raw materials that are used to manufacture plastic packaging is posing a challenge to the market’s growth. Fluctuating prices of raw material such as petroleum and crude oil is having a negative impact on the plastic packaging market.

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Flexible Packaging Market Continue To Grow At a Rapid Pace

The emergence of bio-based and biodegradable films is the primary factor fuelling the growth of the global flexible packaging market. The use of these products is expected to offer sustainable solutions owing to the reduced dependency on fossil fuels. Moreover, government support toward the use of environment-friendly products is projected to supplement the growth of the global flexible packaging market in the coming years.

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The research study has offered a detailed analysis of the market, focusing on the latest trends and promising opportunities that lie ahead. A detailed overview of the competitive landscape of the global flexible packaging market has been provided in the study to give a strong understanding of the market. The key decisions and strategies adopted by the leading companies have been presented to guide existing and new players in framing effective business policies in the coming years.

Global Flexible Packaging Market: Drivers and Restraints

The growing demand for flexible packaging for diverse applications is one of the primary factors augmenting the growth of the overall market. The growing need to ensure the quality and safety of products and preserve them from contamination and damage is driving the demand for innovative flexible packaging solutions worldwide. Key players in the market are emphasizing on introducing effective products and expanding their product portfolio in order to reach a larger audience. This is expected to fuel the market’s growth in the coming years. Furthermore, the growing awareness regarding hygiene and food safety and the increased shelf life enabled by flexible packaging are some of the other drivers anticipated to boost the global flexible packaging market.

On the other hand, concerns related to handling in specific applications and various recyclability issues are expected to restrict the growth of the market in the next few years. Nevertheless, the introduction of specialty films is likely to offer lucrative opportunities for market players.

Global Flexible Packaging Market: Region-wise Outlook

The global market for flexible packaging has been classified on the basis of geography into Latin America, North America, the Middle East and Africa, Asia Pacific, and Europe. Among these, Europe is expected to lead the global flexible packaging market and account for a share of 32.80% by the end of 2024. Growth in this region can be attributed to the presence of a large number of manufacturing industries. Key players in Europe are focusing on introducing new packaging formats and multilayer films in order to extend the shelf life of products. This factor is projected to augment the flexible packaging market in the region.

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Plastic Bags & Sacks Market – Rising Demand for Fast Moving Consumer Goods bolster Uptake

The presence of some organized players and plethora of unorganized ones renders the global plastic bags and sacks market fairly fragmented, finds Transparency Market Research (TMR). The landscape is intensely competitive and over the years the unveiling of new products is likely to raise the ante higher for incumbent companies and top players. A large number of vendors are focused on constantly consolidating their capabilities to stay ahead of others. They are also frequently opting for mergers and acquisitions to get a better hold over the market.

TMR notes that numerous top players are engaged in developing customized products that can meet new and emerging needs of end-use industries to consolidate their shares. Several players are engaged in acquiring small unorganized companies in order to strengthen their positions. Top players operating in the plastic bag and sacks market include Schur Flexibles Group, Hanoi Plastic Bag JSC, Da Nang Plastic Joint Stock Company, Interplast Group, Arihant Packaging, Goglio Group, Ampac Holdings LLC, Alpha Poly Corporation, AEP Industries Inc., Novolex, Berry Plastics Inc., Bischof & Klein GmbH & Co, and Mondi Group.

The global plastic bag and sacks market is projected to expand at a modest CAGR of 3.0% during the forecast period of 2016–2024. The global market stood at US$18.2 billion in 2015.

The key material types for making plastic bags and sacks are bio-degradable and non-biodegradable. Of these, the former holds the leading share in the global market, vis-à-vis volume. However, non-biodegradable materials segment is projected to rise at the most attractive growth rate during the assessment period. The growth is attributed to the extensive uptake of high density polyethylene (HDPE) material.

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Regionally, North America and Europe account for the major demand for plastic bags and sacks. However, relaxed regulatory frameworks in several economies of Asia Pacific will make this regional market to expand at the prominent growth rate during 2016–2024.

The growth of the global plastic bags and sacks market rides on the back of the constant strides being experienced by the retail sector across the world. The market is driven increasingly by the substantially rising demand for minimal packaging for a variety of consumer goods and grocery. The swift pace of urbanization, coupled with the rising share of disposable incomes, especially in emerging economies is a notable factor underpinning the burgeoning demand for consumer goods  all over the world. The rapidly rising demand for fast moving consumer goods (FMCGs) has underpinned the staggering rise in various types of retail outlets, thus bolstering the uptake of plastic bags and sacks.

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Plastic Packaging Equipment Market to Significant Growth Foreseen by 2020

The research report on the global plastic packaging equipment market provides an in-depth overview of the market with the help of market-related statistics. It further talks about the demand and supply strategies, product portfolio, manufacturing capacities, recent developments, and competitive landscape of this market. The research study also provides data about the driving and restraining factors of the global plastic packaging equipment market. As per the research study, the global plastic packaging equipment market had remained steady during the economic downturn and grew significantly in the later years. This trend is expected to continue in the coming years due to some factors such as the convenience and easy preparation of plastic packaging.

The expansion of the online retail industry in the past few years has given the global plastic packaging industry an excellent boost. Thanks to this, the global plastic packaging equipment market has grown substantially. The increasing purchasing power of the average customer and rapidly growing net literacy have ensured significant demand for plastic packaging equipment from the online retail industry.

The key facts and figures included in this report are presented on the basis of primary and secondary information. The study also presents strategic recommendations and inputs from professionals and industry experts. SWOT analysis, Porter’s five forces analysis, and value chain analysis are some of the analytical tools that have been used to showcase the strengths, weaknesses, opportunities, and challenges of the overall plastic packaging equipment market.

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Overview of the Global Plastic Packaging Equipment market

The diversity of products requires different types and styles of plastic packaging with a specific set of physical properties, which makes plastic packaging equipment a lot more crucial. Some of the major types of plastic packaging equipment that are used in the global market comprise shrink tunnels, L-bar sealers, pallet stretch wrap systems, bag sealers, shrink wrap systems, heat guns, shrink sleeve banding machines, and fill and seal machines.

Plastic packaging is lightweight yet sturdy and also can be used in various processes such as molding, extrusion, and others for packaging. In addition, increased adoption of recyclable plastic materials for packaging has boosted the use of plastics in this industry. Product safety, durability, low cost, and others are some of the benefits of plastic packaging equipment in comparison with conventional metal and carton packaging. These factors are projected to generate significant demand for plastic packaging equipment in the years to come. Moreover, technological developments for novel packaging such as leak-proof packing, easy-open and close lids, kid-friendly lids, and others are anticipated to fuel the plastic packaging equipment market in the coming years.

Geographically, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Among these, North America led the global market in recent years, owing to rapidly increasing online shopping and rising demand for plastic packaging from almost every industry. Nevertheless, Asia Pacific is expected to register high growth in the global plastic packaging equipment market and will hold a commanding position in the next few years.

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Companies mentioned in the research report

The global plastic packaging equipment market is very lucrative, which results in stiff competition among the market players. Some of the prominent players operating in this market are Plastic Packaging Inc., ARPAC LLC., Accutek Packaging Equipment Co. Inc., ThomasNet.com, Robert Bosch GmbH, Schneider Packaging Equipment Co. Inc., and IMA S.p.A.

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Semiconductor and IC Packaging Materials Market to Observe Strong Development 2024

The increasing adoption of integrated circuits (ICs) for various electronic devices is triggering the demand for semiconductor and IC packaging materials. They are used in the final stage of semiconductor device fabrication and are used to guard devices from corrosion and external impact. There are several types of materials used for semiconductor and IC packaging including organic substrates, solder balls, bonding wires, lead frames, die attach materials, encapsulation resins, thermal interface materials, and ceramic packages. Rapid advancements in technology are facilitating greater uptake of these packaging materials.

The research report is an in-depth and professional study that aims to provide a 360-degree view of the global semiconductor and IC packaging materials market. It offers insights into the dynamics and trends of the market. It provides a detailed analysis of the competitive landscape of the market. It profiles key players in the market along with their business strategies, latest developments, revenue generation, and contact information. For lucid analysis, the report segments the market on the basis of geography, type, and technology. Each segment is meticulously studied in terms of both revenue and volume. The data pertaining to each segment and the overall market is depicted through graphical representation for a better understanding.

Global Semiconductor and IC Packaging Materials Market: Drivers and Restraints

The incessant research and development efforts by key players towards making the electronic packaging materials highly reliable are escalating the growth of the global semiconductor and IC packaging materials market. The increasing demand for consumer electronics is augmenting the market. The rising awareness about the usefulness of electronic packaging materials in a myriad of applications is also providing a significant boost to the growth of the market. On the other hand, the fluctuating prices of raw materials are adversely affecting the growth of the market. However, players are anticipated to tap immense potential in emerging economies in order to stimulate their revenue generation.

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Global Semiconductor and IC Packaging Materials Market: Geographical Segmentation

On the basis of geography, the global semiconductor and IC packaging materials market can be classified into Asia Pacific, Europe, North America, and Rest of the World. Asia Pacific will be a prominent market throughout the forecast period. The growth of the region is driven by rapid technological developments and the growing demand for advanced electronic packaging materials from end users. Moreover, the high investments on electronics applications along with low-cost production, low labor cost, and easy availability of raw materials are contributing to the growth of the region. South Korea, Taiwan, Japan, and China will be major revenue contributors owing to the robust growth of the electronics industry. The Rest of the World region is expected to rise at a noteworthy CAGR during the same period, thanks to the promising conditions for semiconductor industries.

Global Semiconductor and IC Packaging Materials Market: Competitive Landscape

Product development is the main approach adopted by players in the global semiconductor and IC packaging materials market to consolidate their presence. Mergers and acquisitions are among the key strategies adopted by players to strengthen their presence in the market. Some of the prominent players in the market are Kyocera Chemical Co. Ltd., BASF SE, Toray Industries Corporation, Henkel Ag & Company, Alent Plc., Mitsui High-Tec Inc., LG Chemical Ltd., Tanaka Holdings Co. Ltd., Sumitomo Chemical Co. Ltd., and Hitachi Chemical Co. Ltd.

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