Plastic Strapping Materials Market is Expected to Reach to US$ 1181.1 Mn At the End of 2026

Plastic strapping materials find application in various industries such as food & beverages, automotive, transportation & logistics, building & construction, textile and others. The consumer products industries such as food, beverages and electronics are expected to witness inclination in terms of CAGR during the forecast period. In plastic strapping materials, polypropylene is most widely preferred strapping material by end-user industries due to easy availability and compatibility for most of the applications. Polyester strapping is used in heavy load applications due to its high breaking strength.

Composite strapping is made up of polyester and polypropylene which provides more tenacity and breaking strength to the plastic strapping material. The composite plastic strapping materials market is projected to grow with higher CAGR as compared to other strapping materials during the forecast period. Plastic strapping materials are expected to witness rise in demand owing to its economical availability, easy handling and several other properties, coupled with the increasing demand of unitizing solutions for globally rising manufacturing output.

APAC plastic strapping materials market include country segment such as China, India, ASEAN, Japan, Australia & NZ and Rest of APAC. China is anticipated to dominate APAC plastic strapping materials market in terms of market share and CAGR during the forecast period. India plastic strapping materials market is the second largest market in APAC and expected to grow by a CAGR around 7%. Japan plastic strapping materials market is expected to show sluggish growth during the forecast period. APAC plastic strapping materials market is expected to reach around half of the global market by the end of forecast period due to rapid growth in manufacturing industries.

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Composite plastic strapping materials market is projected to grow at the highest pace in terms of CAGR in APAC region during the forecast period. The research and development in plastic strapping materials in APAC region are the key drivers for the market. Polypropylene is anticipated to dominate APAC plastic strapping materials market during the forecast period. Food and beverages industry is expected to dominate the plastic strapping materials market in terms of market share and growth rate.

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Demand For Reclosable Films Market Continue To Grow

Reclosable films market comprises of several material types such as polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET). These are used to package different type of products. Furthermore, better shelf presence is expected to be one of the significant contributors in increasing the sales of the product. This in turn, is expected to boost the growth of global reclosable films market.

Manufacturers of packaging are catering to the demand of the consumers by providing multi-align closures that offer consumer convenience, easy re-sealing and are combining with flexible as well as rigid packaging formats that offer product access with full perimeter reseal ability for products like food & beverages, personal care & home care, pharmaceuticals and other products.

The global food industry has reflected positive growth, especially in emerging economies such as China, India, and Brazil among others. Customized food packaging is gaining traction which is expected to drive sales of reclosable lidding films over the forecast period. Reclosable films are one such packaging product which has evolved to cater to the food industry, personal care & home care, pharmaceuticals and other industry.

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In reclosable packaging formats such as trays, cups, and bags & pouches, consumer convenience is kept at the epicentre. Among packaging type, trays segment is expected to account for the highest market share in the global reclosable films market during the forecast period owing to ease in opening and reclosing.

For instance, reclosable films can now be infused with food product categories, such as, frozen food, ready-to-eat food, meat, poultry, seafood, dairy and, bakery & confectionery products. Manufacturers are capitalizing on latent opportunity for the use of reclosable lidding films as a promotional medium, as the reclosable lidding films offers printing on its surface for brand promotion. This trend is adopted by leading food packaging companies, fuelling the demand for the reclosable film as a promotional and marketing tool.

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BPA-Free Cans Market – High Growth Opportunities for the New Entrants to Capture Significant Market

Concern over the use of BPA-based products has increased significantly in the last few years. Many organizations have invested millions of dollars on the research activities to find out the serious health hazards of BPA-based products. Also, they are continuously engaged in creating public awareness to give up on BPA containing products such as metal cans. Hundreds of research papers depicting BPA as an endocrine disruptor, has been published since last decade. However, government in most of the countries still do not find BPA harmful and hence have not banned the use of BPA in food contact applications. But the decline in use of BPA-based products in most of the developed countries is primarily driven by consumer disinterest but not by government enactments. Also, consumer disinterest in BPA-based products led food processing companies to switch their packaging products or use BPA-free coatings in their metal can packaging format which has ultimately increased the demand for BPA-free metal cans. Government in some of the countries has banned the use of BPA in food contact packaging applications after realizing its harmful health effects. For eg.

• In March 2010, Denmark announced temporary ban on BPA-based products such as baby bottles, sippy cups, and baby food containers for children aged up to three years.
• Denmark was followed by other European Union member countries such as Belgium, Sweden, and France to enforce ban on BPA-based products for children aged 0-3 years.

BPA-free cans market represent high growth opportunities for the new entrants to capture significant market share and gain good brand image in a short span of time. However, the metal cans is a consolidated market with Ball Corporation, Ardagh Group, and Crown Holdings account for more than half of the market. These companies are not actively seeking to phase out BPA-based packaging products. They are engaged in lobbying activities to restrict the ban of BPA coatings used in can linings. So, new entrants could offer highly innovative alternative products to capture high market share from other players present in the market.

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Food & beverages companies are actively looking for alternative solutions to BPA-based epoxy coatings. This is primarily driven by the escalating interest of the consumers to avoid BPA containing food products. As a result, companies are bound to switch their packaging solution or offer BPA-free cans for their products, otherwise consumer transition will create a negative impact on their overall brand value and net sales of the company.

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MDO Films Market By End User, By Region, Competition Forecast and Opportunities

MDO films is manufactured using variety of materials such as polypropylene (PP), high density polyethylene (HDPE), linear density polyethylene (LDPE), linear low density polyethylene (LLDPE), polyamide (PA), ethyl vinyl alcohol (EVOH), polyethylene terephthalate (PET), and others (polystyrene (PS),etc.). Among the material type, polypropylene (PP) segment is expected to dominate in terms of market share, and is estimated to account for more than 45% of total market share in the global MDO films market during the forecast period.

The growth of MDO films market is increasing as the MDO films are commonly used packaging solution with rising demand for ready-to-eat and partially-cooked convenience food packaging. MDO films provide better protection against microorganisms and thus, fulfil consumers’ demand for fresh, healthy, and convenient packaged food products.

• This is expected to enhance the sales of MDO films for packaging during the forecast period. MDO films have excellent machinability, which makes them an ideal choice for freezer bags and as microwaveable packaging solutions. MDO films provide a superior heat seal layer for retort or steam sterilization applications and other flexible packaging multi-layer applications

Manufacturers of MDO films are focusing on development of MDO films with robust seal performance. MDO films fulfil different types of packaging requirements and exhibit superior sealing functionality. The shelf life of any product is a major factor for end users and thus, the demand for MDO films is expected to increase considerably during the forecast period.

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Most of the commercial films are mono-layered or 3-layer coextruded. Moreover, in the last few years, 5-layer and 7-layer barrier films have become quite popular. Oriented coextruded films with EVOH or polyamide face some challenges with respect to maintenance of the adhesive tie layer and film after orientation. Fundamentally, orientation process increases the interfacial area of the film but effectively reduces the number of chemical bonds per unit area, which results in drop of adhesion by 90%.

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Spout Pouch Market Driven by Rising Demand from Food and Beverage Industry

As per the TMR analysis, the global spout pouch market as of 2018 is estimated  to be US$ 2.11 bn and during the forecast tenure it is expected to rise at 7.5% CAGR. On the basis of retort segment under the filling process category, is anticipated to increase its market share form 12.5% in 2018 to 13.8% 2026. As per regional growth, Asia Pacific leads the market. On the account of value, Asia Pacific is expected to rise at 9.6% of CAGR during the forecast period. Middle East and Africa and Latin America are also expected to contribute moderately in the spout pouch market in the next few years.

Flexible spout pouches are increasingly preferred by consumers across the world as they are easy to open, can be re-closed, portable, lightweight, easy to pack, completely emptied, can be consumed on-the-go and various other features. Not only for consumers, end-use industries of packaging also prefer spout pouches as they help in brand differentiation through attractive shapes, size and colors in comparison with rigid packaging.

Spout pouch packaging reduces capital expenditure, transport cost, greenhouse gas emission, carbon footprint, materials going into landfills and various other benefits to manufacturers. So as expected spout pouches benefit both consumers and manufacturers alike. Food and beverage industries are major consumers of spout pouches.

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Across the world, especially in developed regions, dairy products are increasingly packed in spout pouches as compared to other form of packaging such as thin wall containers, plastic trays, glass jars and other rigid containers. Moreover, rise in e-commerce has also positively affected packaging industry. Spout pouches and other packaging formats are increasingly preferred by e-commerce firms for delivery of food products. Products such as soup, pet food, detergents when ordered online are mostly delivered in spout pouches and other forms of flexible packaging instead of rigid packaging formats. All these factors are anticipated to grow the market for spout pouches in near future.

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Sustainable Packaging Market is Not Just a Goal, It’s A Prerequisite

Shift of manufacturer’s preference for packaging from conventional to biodegradable packaging materials, is pinpointing the growth of the global sustainable packaging market. As indicated by the latest market report published by Transparency Market Research, titled ‘Sustainable Packaging Market’: Global Industry Analysis and Forecast 2018-2026,’ the global sustainable packaging market is estimated to be US$ 250.6 Bn for 2018, and is expected to grow at a CAGR of 5.3% during the forecast period (2018-2026).

Initiatives taken by sustainable packaging manufacturers to use environmental friendly packaging materials and technology in packaging products, has been supported by various organizations as well as governments. Sustainable packaging manufacturers are looking towards developing biodegradable plastics that will reduce carbon footprint. With a growing demand for a sustainability driven world, packaging experts and consumer products companies are focusing on “green packaging”.

By end use industry, the sustainable packaging market is segmented into food, beverages, automobile and electronics, chemical, pharmaceutical, agriculture, cosmetics & personal care. Food segment is further sub segmented into bakery & confectionery, dairy and meat & poultry. Beverages segment is further sub segmented into carbonated beverages and non-carbonated beverages. Among the end use, beverage segment is estimated to dominate the forecast period, with an estimated market value share of 29.8% in 2018.

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Chemical & pharmaceutical segment market during is expected to create incremental $ opportunity of US$ 28.6 Bn during the forecast period. Agriculture segment is estimated to reach an estimated market value share of 9.1% in 2026 during the forecast period. Among geographic market segments, the Europe region is anticipated to lead the global sustainable packaging market, during the forecast period. Europe region is projected to register the CAGR of 5.4%, during the forecast period, by value.

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Water Soluble Films Market is Rising Due to Growing Disposable Income

The water soluble films market is anticipated to register fast growth due to various government initiatives and regulations that have been formed for environmental protection. The increasing awareness among consumers regarding the use of bio-degradable materials will further boost the use of water soluble films. Demand is being generated from both, consumer and industrial segments. The safer, convenient, and optimal use of agrochemicals will drive the market for water soluble films, as governments are focusing on the disposal of agrochemicals in environment-friendly ways.

The market is also marked with advancements in manufacturing technology. Also, the adoption of sustainable packaging by the packaging industry further drives the water soluble films market. Water soluble films are composed of polyvinyl alcohol (PVA) material. PVA material is a water soluble resin. All the substances are biodegradable and it does not contain heavy or toxic substances. Water soluble film dissolves completely in cold and hot water. The increase in the prices of polyvinyl alcohol (PVA) resins acts as a restraint for the water soluble films market.

Based on end use, the market is divided into Detergents, Agrochemicals, Laundry Bags, Cosmetics, Chemicals & Pharmaceuticals, and Others. The Detergents segment is expected to account for more than 40% market share in 2018. The Agrochemicals segment is expected to emerge as the fastest growing segment in the market, owing to the increasing use of water soluble films in agriculture. This segment is expected to contribute around one-third to the market by 2026 end. The growth of this segment is attributed to the introduction of innovative packaging designs, new product launches, and increasing urbanization and disposable income of people around the world. Growing hygiene consciousness among consumers coupled with rising standards of living are propelling the demand for detergents.

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In addition, positive growth witnessed by the hospitality industry is also contributing significantly to the demand for detergents, thereby supplementing the overall demand for water soluble films in the detergent packaging industry.  Agrochemical packaging is also among the major demand drivers for water soluble films in the global market. Agrochemicals such as pesticides, insecticides, herbicides, fertilizers, and others chemicals are witnessing augmented demand in the agricultural sector, thus creating lucrative growth opportunities for water soluble films during the forecast period.

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