Laminated Paper Board Packaging Market – Revenue Generation, Market Shares & Latest Development

The laminated paperboard is a multi-layered solid board that is being used in the packaging of raw fruits and vegetables. The laminated paperboard is being finished with the kraft paper or PE coated papers. Products packed through the laminated board are being packed wet and it is being stored in the damp conditions.

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The laminated board is highly resistant to moisture which makes our food product fresh and free from germs. Laminated boards are being used in various industries like food and drink packaging, consumer goods packaging, industrial packaging and retail ready packaging. The laminated board is highly moisture resistant. Laminated boards are widely used in the pharmaceutical industries in the packaging of various articles which include perfumes, deodorant, soaps, cream and much more.

Global laminated paperboard packaging market: Dynamics

The major factors driving the growth of laminated paperboard market is the constant relative growth of laminated paperboard boxes market in the fruits packaging, food and beverage industries, advancement in the packaging industry and increasing usage of laminated paperboard boxes in the wide range of end -user applications. With the increase in the technological advancements, the manufacturers in the laminated paperboard industries are mainly focusing on the consumer convenience and the product appeal.

With the rise of online shopping and e-commerce portals, which widen the scope of transportation and in turn fuel the market of the laminated paperboard. Majorly retail stores use laminated paperboard not only for the purpose of preserving the food but also to maintain the nutritional value of the food so that the food can be kept fresh for a long time. With the increasing number of consumers purchasing grocery items, including chilled and frozen foods which are also contributing to the growth of laminated paperboard market.

The laminated paperboard also has a good margin in the pharmaceutical industry in the packaging of various cosmetics material like syrup, creams, powder, perfumes, deodorant and much more. As the production cost is high many business people are not willing to invest in the laminated paperboard industry as manufacturers need to attain comparatively high production in terms of volume so that they can attain a big profit in their investment. This economic restriction could restrain the overall growth in the laminated paperboard industry over the forecast period.

Asia Pacific represents the comparatively high market share and grows with comparatively significant CAGR during the forecast period. North American market is also growing in the laminated paperboard packaging due to the rapid increase in the production capacity of the laminated paperboard as the number of supermarkets are rising day by day. Key factors driving the growth of laminated paperboard packaging include a change in the packaging pattern and increase in demand of laminated board in food and beverage industries. The laminated paperboard packaging is projected to register healthy growth due to the rising demand of laminated paperboard packaging across the globe.

Global laminated paperboard packaging market: Key Players

Some of the players operating in the global XYZ packaging market are –

Orchid Laminates Private Ltd,  Roxcel Group, Sierra Coating Technologies LLC, Yogeshwar Polymers, and Vacmet India

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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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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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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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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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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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Packaging Adhesives Market – Research Methodology, Drivers and Opportunities 2023

Adhesives are materials used for binding together two or more surfaces. Raw materials for adhesives are primarily polymeric materials, both naturally occurring and synthetic (such as polychloroprene, polyurethane, polyvinyl acetate, cellulose, polyvinyl alcohol, and polyvinyl pyrrolidone). Adhesives can be either water based, solvent based, or hot-melt based, among others. Polychloroprene and polyurethanes are solvent based while polyvinyl acetate, cellulose, polyvinyl alcohol and polyvinyl pyrrolidone are solvent-based adhesives. Hot melt adhesives are thermoplastic-based adhesives, which turn into liquid on heating.

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Adhesives are very critical for packaging applications. Out of the total adhesives used globally, above 70% are used in the packaging industry. These kinds of adhesives are used in various packaging applications, such as case & carton closures, flexible packaging, folding cartons envelopes, and for corrugated converting. Furthermore, the challenges related to innovative packaging are surfacing largely due to the increasing trend to use packaging as a branding of the product and use of adhesives become observable among packers.

Adhesive and Sealant Council, Inc., a North American trade association dedicated towards representing the adhesive and sealant industry, has estimated the global adhesive market to expand at a moderate single digit CAGR, wherein the packaging adhesives segment is expected to account for the highest share of the market.

As a result of the rise in consumer focus on convenience and sustainability, the packaging adhesives market has been the fastest growing market in the last ten years, and it is expected to continue to grow over the forecast period as well. The packaging adhesive market is projected to grow at a parallel rate to the growth of the overall packaging industry. The packaging adhesives market in North America is rapidly entering into a maturity stage; however, the market in Asia is growing at a faster rate, which in turn is expected to drive growth of the overall packaging adhesives market in the coming years.

Apart from this, population growth, increasing middle class world-wide, demand for safe food & clean water, and innovation and safety are the major growth drivers for the global packaging adhesives market. Increasing regulatory interventions from environmental bodies is a major restraint factor for the growth of the packaging adhesives market.

Packaging adhesive market is segmented based on formulations, by type and by application. Based on formulations, the packaging adhesives market is segmented into water based, solvent based, and hot melt based. Based on type, the market is segmented into polychloroprene, polyurethane, polyvinyl acetate, cellulose, polyvinyl alcohol, and polyvinyl pyrrolidone. By application, the packaging adhesives market is segmented into case & carton closure, flexible packaging, folding carton, envelopes, and corrugated converting.

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