Corrugated Shipping Containers Market – Industry Leaders and New Revenue Pockets

Corrugated shipping containers are made up of fibreboard, which is durable, sustainable, customizable and cost effective. Corrugated Shipping containers are widely used for transportation of goods, and are useful in package cushioning. Corrugated shipping containers are available in various shapes and sizes. Corrugated shipping containers are widely used in packaging of various goods such as foods, beverages, cosmetics, personal care, hazardous chemicals and other materials.

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Corrugated shipping containers are majorly used in transportation of goods from one place to another in logistics industry. Corrugated shipping containers are used to transport a variety of goods, of which, food & beverages account for the major share. However, corrugated shipping containers are expected to witness increased applications in packaging of electronic goods, over the forecast period.

Corrugated shipping containers are sandwiched between two outer layers which is also known as fluting. The advancement in technology is leading to possibilities of technology integration, paving way for more accurate real time logistics tracking, which is expected to fuel growth of the global corrugated shipping containers market.

Global Corrugated Shipping Containers market: Dynamics

Corrugated shipping containers are expected to increase its trade activities in emerging economies, such as China, Brazil, and India. However ,  in the upcoming years, due to rapid industrialization, electronics and automotive sector is expected to boost the growth of corrugated shipping containers over the next few years, as the corrugated shipping containers possess the property of providing various delicate parts of the electronics equipment’s.

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Due to recent growth in these industries, there is increase in demand of corrugated shipping containers among these sectors. Due to availability of various shapes in the corrugated shipping containers which is a symbol of advancement in the packaging technology is boosting growth in use of corrugated shipping containers in these regions. Slow trade activities being performed in the several regions is hampering the growth of corrugated shipping containers.

Moreover, increase in price of corrugated shipping containers is one the most restraining factors that is hampering growth of the global corrugated shipping containers market over the next few years. Apart from transportation of goods, corrugated shipping containers are also used as Point-of-sale display by various logistics service providers to enhance brand image. Such practices are expected to have a positive impact on growth of the global corrugated shipping containers market.

The U.S. is expected to lead the global corrugated shipping containers market, over the forecast period. However, with the ongoing economic growth in the Asia Pacific region, China is expected to surpass the U.S. corrugated shipping containers market, in the first half of the next decade. This is anticipated to give the Asia Pacific corrugated shipping containers enough boost, to emerge as the new global leader of the corrugated shipping containers market. The Latin America region is also expected to expand at a healthy CAGR over the forecast period, owing to increase in trade volume and higher penetration of modern trade.

Global Corrugated Shipping Containers market: Key Players

Some of the players operating in the global Corrugated Shipping Containers market are –   CORRUGATED PACKAGING ALLIANCE, International Paper, DS Smith plc., Mondi Group, Nampak Limited, Nine Dragons Paper, MeadWestvaco Corporation, Smurfit Kappa Group and VPK Packaging Group.

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Rigid Trays Packaging Market – Revenue Generation, Market Shares & Latest Development

Rigid packaging market plays an important role in the overall packaging market, it accounts for over 2/3rd of the world packaging market and to tap the potential of this market, packaging manufacturers are providing innovative packaging solutions. Rigid trays are used in packaging for fresh food as well as processed food. Manufacturers are focusing on increasing shelf life of the product and rigid trays are extensively used in such packaging solutions for example MAP and vacuum skin packaging.

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The commonly used raw material for manufacturing rigid tray are PP and PET. Due to the properties like durability and moisture resistance manufacturers are preferring rigid trays to provide packaging. Rigid trays are being used in various end-use industry like Food, pharmaceutical industry and electrical & electronics.

Global Rigid Trays packaging market: Dynamics

Use of rigid trays for packaging of food products is the key factor driving the demand in rigid trays market. Other important factor fueling the growth of rigid tray packaging market is the increasing penetration of modern retail outlets, especially in APEJ region. In addition, fast changing lifestyles in developing economies translates to increase in the number of people adopting on-the-go food consumption habits, which is increasing demand for ready-to-eat meals, thereby reinforcing the global rigid trays market.

Also, there has been an increase in the number of online food delivery services in emerging economies has which has led to growing demand for rigid trays. With the increase in trend of ready to eat meals the demand of rigid trays is boosting in Western Europe region. The added advantage like reusability of rigid trays is driving the rigid trays market. Another important property shown by rigid trays is ease in product handling thus enabling consumers to carry the product from one place to another.

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Rigid trays are commonly manufactured from plastics which is a major cause of environmental pollution. Strict government regulations regarding the usage of plastic for food packaging may hinder the growth of rigid tray market in Asia Pacific region. However, on the backdrop of increasing use of rigid tray in the pharmaceutical industry can provide new growth opportunities for rigid trays market.

The global rigid tray packaging market is classified into seven regions globally such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East & Africa (MEA). Among these regions, North America accounts for highest market share followed by Western Europe in rigid tray packaging attributed to the rapid growth of food industries along with the growing population.

The market in Asia Pacific region is expected to grow at highest CAGR over the forecast period. Countries with rising population like India, China etc. are likely to expect to create significant opportunities in rigid tray packaging market.

Global Rigid Trays packaging market: Key Players

Some of the players operating in the global rigid packaging market are – Pactiv LLC, Winpak Ltd., GY Packaging, EastCoast Packaging Corp, Linpac Packaging Ltd,  DKC, Coveris, TEMMA SHIKI, Barger, Quinn Packaging, Hangzhou Xunda Packaging Co., Ltd., Jinwen Xie GZ Yulong Packaging Product Co., Ltd.

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Bio Container Market – Granular View of The Market from Various End-Use Segments

Bio container or biodegradable container are easily decomposed in nature by bacteria or other living organisms. Recently, recyclable bio container are also getting popular and being launched by several bio container manufacturers. In April 2012, Cardia Bioplastics Limited claims that it has launched the world’s first food contact compliant and fully recyclable container namely “Biohybrid” for the global nutritional supplement market and cosmetics industries. Bio container are used to keep biodegradable materials, food waste, organic materials etc. Recently, rising demand from the end use industries and increasing application of bio container attributed to significant growth to the bio container market in terms of value.

Geographically, the bio container market can be segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). The growth of global bio container market is expected to witness a healthy CAGR over the forecast period between 2016 and 2024. North America is expected to hold a significantly high market share of the bio container market in terms of volume during the forecast period. Currently, North America and Europe together holds more than half of the market share in the global bio container market in terms of value. In Europe, countries such as U.K and EU4 creates significant demand for plant-based plastic packaging in the market.

However, Asia Pacific region is projected to be the fastest growing region in terms of volume sales followed by Europe. Large scale foreign investment is also expected to rise in the region, and is anticipated to fuel the demand of bio container over the forecast period. Many small Chinese players hold significant market share in the Asia Pacific bio container market in terms of value. In Asia Pacific, countries including China, Japan and Australia are the major growth driving markets for bio container in terms of revenue contribution. In Latin America, countries such as Brazil and Mexico are expected to grow significantly during the forecast period in terms of revenue.

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Bio container Market – Market Dynamics:

The global bio container market is expected to witness a strong growth due to the rising consumer awareness about nature friendly products and changing inclination of consumers towards sustainable products. Other growth drivers for the bio container market include rise in implementation of plastic containers bans, increased focus on sustainable packaging by brand owners and retail companies, etc.

Moreover, high demand from food and beverage and pharmaceutical industry for bio container creates a lucrative opportunity for the global bio container market. Bio container has higher costs than ordinary container, consequently bio container is not getting wide acceptance, especially among the small and medium enterprises. However, increasing demand from large scale industrial companies is expected to create significant opportunity to increase the revenue of the global bio container market.

Bio Container Market – Major Players:

Some of the major players identified across the globe in the bio container market Eco-Products, Inc., Genpak, LLC, Biopac (UK) Ltd, WestRock Company, Cardia Bioplastics Limited, Ecoware SpA, Rim Bio Inc., Biopac India Corporation Ltd., BioVentures, Inc., Tipa-corp ltd., Novamont SpA and BASF SE.

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Milk Packaging Market Growth, Consumption, Analysis of Leading Players

Packaging is a procedure of using containers and components to protect, carry, identify and enable merchandising of products, and should be manufactured from materials best suited for the purpose. Besides enabling safe and hygienic packaging of products, it also enables one company to differentiate its products from that of competitors. Increasing demand for single serve packs of milk products is expected to significantly fuel growth of the global milk packaging market over the forecast period. Due to various nutritional and health-related benefits associated with milk, demand for milk has been increasing significantly in the recent past, which is in turn expected to drive growth of the global milk packaging market during the forecast period.

Milk Packaging: Market Dynamics

Growth of the global milk packaging market is driven by factors such as increasing number of small households – due to which consumers prefer single serve packs of consumer goods – particularly for milk and other dairy products. Moreover, increasing number of health conscious consumers in various countries is driving demand for milk as a source of calcium, minerals, vitamin D, and protein. Availability of various flavoured milk products in the market is another factor expected to stimulate growth of the global milk packaging market during the forecast period. In addition, increasing population and per capita disposable income is expected to drive sales of packaged milk products in future.

Moreover, various applications of milk for preparing food products is a factor expected to drive growth of the milk packaging market during the forecast period. However, price fluctuation of materials (aluminum, plastic, paper) used in milk packaging is expected to slightly hamper the sales of milk packaging. A significant trend gaining traction in the global milk packaging market is increasing awareness of eco-friendly materials. Among all material types used for milk packaging, paperboard segment is expected to account maximum growth in the near future, owing to its recyclable property.

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In terms of regions, the global milk packaging market has been segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific market is expected to witness relatively fast growth in terms of revenue during the forecast period as various developing countries such as India and China account for major production and consumption of milk.

Milk Packaging Market: Key players

Some key players in the global milk packaging market are Amcor Limited, Tetra Pack, Evergreen Packaging, Indevco, Ball, Elopak, Blue Ridge Paper Products, Clondalkin Group Holdings, CKS Packaging, Crown Holdings, Essel Propack, Consolidated Container, Fabri-Kal, Exopack Holdings, Global Closure Systems and Graham Packaging etc. The global milk packaging market is not consolidated in nature owing to presence of various local and international manufacturers, but the unorganized players also have strong presence. In the global milk packaging market, key players are entering into agreements and mergers and acquisitions with local manufacturers of milk packaging in order to increase their product offerings, and penetrate emerging countries.

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Boxboard Cartons Market – Forecast on Market Dynamics, Emerging Trends, Growth Factors

Global Industrial sector continues to develop at an impressive rate. As a result, packaging marketplace is undergoing huge changes with specialized focus on offering innovative packaging tools/products to various industries. Packaging is primarily done to achieve aspects such as product safety, maintain product quality, extended product storage and for other specific applications. Boxboard cartons are thin, lightweight containers used to package various items including cereal, shoes, detergent and many other, primarily, household products. Boxboard is a packaging material made almost entirely out of recycled materials. It is comprised of old corrugated cardboard boxes, old newspapers, used computer paper, or leftover material from converting cartons into packaging.

Geographically, the boxboard cartons market can be segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). The growth of global boxboard cartons market is expected to witness a healthy CAGR over the forecast period between 2016 and 2024. APAC is expected to hold the significantly high market share of the boxboard cartons market in terms of volume during the forecast period. Large scale foreign investment is also expected to rise in the region, and is anticipated to fuel the demand of boxboard cartons over the forecast period.

Latin America region is projected to be one of the fastest growing regions in terms of volume during the forecast period. As the retail sector expands in developing countries such as BRICS, the market for boxboard is expected to advance significantly over the forecast period of 2016 – 2024. Many small Chinese players hold significant market share in the Asia Pacific boxboard cartons market in terms of value. Region wise, Asia Pacific, countries including China, Japan and Australia are the major growth driving markets for boxboard cartons in terms of revenue contribution. In Latin America, countries such as Brazil and Mexico are expected to grow significantly during the forecast period in terms of revenue. In Europe, EU 4 and U.K holds significant market share in Europe boxboard cartons market in terms of value. In, MEA, GCC countries are expected to create significant value opportunity during the forecast period.

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Boxboard Cartons Market – Market Dynamics:

The global boxboard cartons market is expected to witness a strong growth attributed to the rising demand from food and beverage industry. The boxboard cartons have several benefits which has been driving the global boxboard cartons market in terms of value; some of the benefits include cost-effective, lightweight, flexible, functional and custom-designed.

However, there are a few challenges in the boxboard cartons market. For instance, the major difficulty faced by boxboard recyclers is contamination. Hot melt glues and adhesives cause considerable problems. They are not easily removed through the cleaning process and they contribute to visual imperfections in the recycled boxboard. Changing to water-based adhesives, and educating households to separate boxboard from other materials, are some possible solutions.

High demand for bio-degradable boxboard cartons creates a lucrative opportunity for the global boxboard cartons market. Increasing demand from large scale industrial companies is expected to create significant opportunity to raise the revenue of the global boxboard cartons market.

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Plant-based Plastic Packaging Market Continue To Grow At a Rapid Pace

In the age of green chemistry, plant-based plastic packaging is one of the greatest milestones ever discovered. Nevertheless, many private companies and government agencies have been working on research and development to make plant-based plastics packaging more established. Plant-based plastic are made from agricultural waste, sugar cane, switch grass or grasses and corn. Moreover, manufacturers are using plant-based oil in plant-based plastic packaging for processing plastic instead of using petrochemicals in order to make it more environmental friendly. Plant-based plastic packaging helps to reduce greenhouse gases by up to 35% and takes up to 36% less energy to make as compared to conventional plastic packages.

Several products are being launched in the global plant-based plastic packaging market. For instance, in April 2011, P&G (currently acquired by Coty Inc.) introduced its range of shampoos under the brand name Pantene rapped with plant-based plastic packaging. Coca Cola Company is another example of switching to plant-based plastic packing from traditional packaging. The company is focused to convert all the Coca Cola packaging made of plant-based by 2020 as per its green initiative plan. Nevertheless, AT&T uses packaging that contains 30% plant-based materials sourced from sugarcane ethanol.

Also, partnerships ramp up in the global plant-based plastic packaging market to meet the increasing demand for plant-based plastics packaging from the end user industries. For instance, in August 2016, Canada-based Solegear Bioplastic Technologies Inc. and r-pac International, a leading global supplier of retail packaging introduced plant-based packaging for leading smartphone case. Plant-based plastic packaging costs six to seven times more than conventional plastics.

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Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and MEA. North America is projected to be the highest revenue generating segment in the global plant-based plastic packaging market followed by Europe during the forecast period 2016-2024. North American plant-based plastic regulations for the North American manufactures and increasing adoption of plant-based plastic packaging in the U.S. are the key factors responsible for the growth of plant-based plastic packaging industry in North America. North America is expected to be the fastest growing market and is expected to grow at double digit CAGR during the forecast period 2016-2024 attributable to the increasing size and high market share investments made by the global giants in the region.

Currently, North America and Europe together holds more than half of the market share in the global plant-based plastic packaging market in terms of value. Where in Europe, countries such as EU4 and U.K. generates significant demand for plant-based plastic packaging in the market.  Asia Pacific region is anticipated to be one of the fastest growing markets for plant-based plastic packing market in terms of value.

Plant-based Plastic Packaging – Market Dynamics:

Biodegradable nature of these plastics is expected to be the major factor driving the demand for plant-based plastic packaging market in the forecast period. Also, huge demand generated from giant end user companies including Coca-Cola Co., Ford Motor Co., H.J. Heinz Co. and Nike Inc. is another driving factor for the global plant-based plastic packaging market to increase the revenue.

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High cost of plant-based plastic packaging among the small and medium size enterprises, creates restraints to generate more revenue in the global plant-based plastic packaging market. However, with the technological advancement, quality of plant-based plastic packaging has been improving gradually. Consequently it generates more demand from the end user industries and may create a lucrative opportunity for the global plant-based plastic packaging market.

Plant-based Plastic Packaging – Major Players:

Some of the major players identified across the globe in the compostable packaging materials market are Solegear Bioplastic Technologies Inc., Clear Lam Packaging Inc, Solegear Bioplastic Technologies Inc. and r-pac International.

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Packaging Testing Market – Revenue Generation, Market Shares & Latest Development

A crucial step that is carried out before a product is shipped is the testing of its packaging. Pressure loads, shocks, vibrations, knocks, changes in humidity, or changes in temperature have significant influence on the product or its packaging during transport. Therefore, numerous methods to test the packaging have been devised to overcome this situation. The packaging is checked, with the help of test facilities, whether it can withstand certain parameters that are mentioned above. Packaging plays a significant part in the assurance of quality and integrity of the product. Products are being sourced and shipped worldwide to meet the global consumer demand; hence, the packaging needs to be durable.

This has made package testing even more important, as damaged or over-packaged products result in customer dissatisfaction and increased cost for retailers and manufacturers. The reliability of a package is tested by performing various tests such as drop, vibration, and shock tests, which are directed by the standard institutions such as ASTM (American Society for Testing and Materials) and ISTA (International Seed Testing Association). These standards are stringent and are universally followed. Packages need to be more durable and even a trace of toxicity is completely unacceptable especially in the food and pharmaceutical sectors. Any violation is investigated by high-level organizations such as the USFDA and strict action is taken, ranging from fines to permanent banning of the product.

The packaging testing market is driven by factors such as increase in product recalls due to stringent regulations, an increase in the requirement for durable products, increased demand for packaged products due to the growth of the FMCG industry, and increasing awareness due to unauthorized usage of recycled materials. The requirement of portable & automated testing techniques to enhance the testing availability in less time provides new growth opportunities for market players. Governments across the world are implementing rigorous guidelines to ensure the quality of the products. Testing is the main part of the guidelines, hence unavoidable. This, in turn, is primarily driving the market. The cost of packaging testing is very high due to the high cost of testing equipment. Therefore, this is the matter of concern for new entrants.

Based on the application, the packaging testing market is segmented into food & beverage, agrochemicals, pharmaceuticals, personal care textile, automobile, transportation, environmental, and other consumer goods. The pharmaceutical segment dominated the market in 2016. The food & beverage segment is projected to expand at a significant CAGR due to an increase in food safety awareness among consumers and rise in the number of packaging and labeling mandates in various regions.In terms of type, the global packaging testing market is segmented into physical, chemical, and microbiological.

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The physical segment dominated the market, accounting for a prominent share, since the determination of physical properties of a product is an essential application for packaging testing. The chemical testing of packaging is conducted for the determination of chemical properties such as corrosion level and overall composition of the material, monitoring product quality, toxic detection, contaminants detection, and to meet other regulatory standards. The microbiological testing of packaging is conducted to detect the presence of contamination that can harm the hygiene, since there is a possibility for some organism to survive inside the packaging.

In terms of geography, the packaging testing market can be segregated into North America, Asia Pacific, Europe, Middle East, Africa, and Latin America. North America is projected to dominate the packaging testing market during the forecast period. The market in Asia Pacific is projected to expand at a rapid pace during the forecast period, since the demand for packaging testing in the food & beverage industry is projected to increase in the near future. Other factors that are driving the Asia Pacific market include the presence of emerging economies, globalization of trade, and rapid industrialization in the region.

The market is dominated by key players such as SGS S.A. (Switzerland), Bureau Veritas SA (France), Intertek Group Plc. (U.K.), Eurofins Scientific SE (Luxembourg), TÜV SÜD AG (Germany), and ALS Limited (Australia).

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