Fiber based Packaging Market – Global Industry Analysis, Forecast 2017 – 2025

A fresh market intelligence study by Transparency Market Research (TMR) finds the global fiber based packaging market is marked by intense competition and fragmentation  due to the presence of several players of varying sizes. Keen players in the market are pouring money into research and development for the introduction of innovative products in order to serve a large customer base. They are also resorting to mergers and acquisitions to expand their footprint, thereby enhancing their product portfolio.

Prominent participants in the global fiber based packaging market include International Paper Company, DS Smith plc, Huhtamaki Oyj, Smurfit Kappa Group plc., Sonoco Products Company, WestRock Company, Georgia-Pacific LLC, Pratt Industies Inc., Reynolds Group Holdings Ltd., U.S. Corrugated Inc., UFP Technologies Inc., ESCO Technologies Inc. Ltd., Brodrene Hartmann A/S, KapStone Paper and Packaging, Mayr-Melnhof Karton AG, Rengo Co. Ltd., Mondi Group, Stora Enso, AR Packaging Group AB, and BillerudKorsnas AB.

The global fiber based packaging market has witnessed extraordinary growth over the past few decades on account of numerous applications of fiber based packaging across several end-use industries. Driven by this and several other factors, the global fiber based packaging market is projected to register a 3.8% CAGR vis-à-vis revenue over the forecast period 2017 to 2025, for the market to reach a valuation of US$383.5 bn by the end of 2025. The market was evaluated to be worth US$284 bn in 2016.

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Among the various segments based on packaging type, corrugated boxes lead with an estimated share of more than 45% by value. Corrugated boxboard contributes more than 50% revenue amongst all material type segments in the fiber based packaging market. Food packaging segment leads amongst key end-use segments holding almost 40% market share by value. Region-wise, Asia Pacific is anticipated to emerge as the most lucrative market in terms of both value and volume over the forecast period.

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Retail Ready Packaging Market is to be worth US$84.46 bn by 2025 – TMR

The global retail ready packaging market is prophesied in a report by Transparency Market Research (TMR) that finds highly competitive landscape owing to presence of numerous players to compete. However, extensive use of plastic for numerous applications coupled with innovation of new product mainly for packing are creating opportunities and driving growth of the market. Some of the players operating in the growth of the market includes DS Smith plc, Weedon Group, LINPAC Packaging, Smurfit Kappa Group plc, Caps Cases Limited, Mondi, International Paper Company, Amcor Limited, Creative Corrugated Designs, Inc., and Orora Packaging Australia Pty Ltd.

Report on the global retail ready packaging market predicts steady growth with a CAGR of 4.3% between forecast periods of 2017 to 2025. In 2017, the market value was registered at a US$60.52 bn and predicted to attain value of US$84.46 bn by the end of 2025.

High Adoption from Large Retailers to Ensure Safety of Product to be Beneficial for Market

Retail ready packaging market mainly witnessing growth owing to its property of being a shelf-ready packaging material. Mostly larger retailers and big stores including supermarkets and hypermarkets referrers shelf-ready-packaging as they don’t need to be packed or repacked. Due to its large shelf life, many store have adopted the ready packaging for better stock managements and safety of stock. These factors are propelling growth of the global ready packaging market and expected to continue growth over forecast period.

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Ready packaging materials are mostly recyclable and eco-friendly. Due to stringent regulations on the use of plastic many environmentally-conscious people prefers ready packaging materials. Advantages of material such as visibility, safe handling of product coupled with cost effective material are augmenting growth of the global market for ready packaging. However, standardization and additional cost charged by suppliers are crimping growth of the world ready packaging market.

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4 Key Takeaways from TMR Report on Retort Pouches Market

The global retort pouch market is characterized by intense competition owing to the presence of numerous prominent participants trying to outshine one another. In order to thrive in the market, keen players are seen resorting to cost-reduction and product innovations to better cater to the need of customers.

Some of the prominent participants in the global retort pouch market are Sealed Air Corporation, Huhtamaki Group, Amcor Ltd., Mondi Group, Bemis Company, Inc., Clifton Packaging Group Ltd., Foshan Nanhai LD Packaging Co., Ltd., Sonoco Products Company, Constantia Flexibles International GmbH, ProAmpac, Alliedflex Technologies Ltd., Paharpur 3P, Flexi-Pack Ltd., Flair Flexible Packaging, Tong Yuan Packaging Co. Ltd., Purity Flexipack Ltd., MST Packaging Co., Ltd., and Avonflex.

A report by Transparency Market Research finds that the global retort pouch market, which was worth US$4.29 bn in 2016 will likely attain a value of US$7.51 bn by 2025-end by clocking a steady CAGR of 6.5%.

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Depending upon the type of products, the global retort pouch market can be segmented into stand up pouches, spouted pouches, pillow pack, zipper pouches, and 3-side sealed pouches. Of them, the stand-up pouches segment leads the market with maximum share. By 2025, the segment will account for a 30% share in the market. This is because of their widespread use in processed foods.

Geographically, the key segments of the global retort pouch market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. At present, Asia Pacific market is witnessing maximum growth on account of the high demand for properly packaged ready-to-eat meals and pet foods in the region. The region is expected to rise at a CAGR of 7.5% from 2017 to 2025.

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Molded Fiber Trays Market – Forecast on Market Dynamics, Emerging Trends, Growth Factors

The intensifying need for eco-friendly packaging and protection materials world over has led to the rising preference of molded fiber or molded pulp packaging over other packaging types. The vast popularity of molded fiber trays in the packaging of various consumer durables and food & beverages is motivated by several benefits such as robust product presentation, efficient protection, and enhanced shelf-life. Molded fiber trays are also gaining wide adoption as a cost-effective biodegradable and flexible packaging of healthcare products, automotive and mechanical parts, and food service disposables components. The need for packaging materials that can be recycled and is biodegradable is a key factor stoking the demand for molded fiber trays in various parts of the world. Constant advancements in molding and processing technologies, such as 3D manufacturing, are notable factors accentuating the worldwide market.

The global molded fiber trays market is projected to rise from a valuation of US$1,777.0 Mn in 2017 to reach US$2,422.8 Mn by the end of 2022. The market is anticipated to expand at a CAGR of 6.4% during the forecast period of 2017–2022.

A critical assessment of various factors and trends impacting the growth of the global molded fiber trays market is offered below:

The rising demand for sustainable and biodegradable packaging applications across numerous end-use industries such as electronics, food and beverages, healthcare, automotive, transportation and logistics is a key factor driving the market. The growing need for cost-effective production of packaging materials that are also less expensive than most plastic alternatives has bolstered the demand for molded fiber trays. The flexibility of myriad designs possible with molded pulp materials is a crucial factor boosting the popularity of molded fiber trays in several packaging applications. The advent of a variety of fibers such as that of sugarcane, palm, and bamboo is a key factor catalyzing the growth of the molded fiber trays market.

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The burgeoning demand for eggs and beverages in several countries is a key factor expected to fuel the demand for molded fiber trays. In addition, the growing demand for molded fiber trays for packing goods that need to be transferred in humid and high temperature conditions has bolstered the uptake. The marked ease of handling molded fiber trays is a crucial factor spurring its demand for a variety of packaging applications. The mounting concern of non-degradable packaging materials such as those by plastics is a key factor likely to bolster the demand for molded fiber trays in various regions.

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Aluminum-Free Food Pouch Market – New Investments Expected to boost the Demand by 2024

The aluminum free food pouches with value added features continue to stimulate the growth for pouches overall, with spouted pouches and retort pouches posting fast gains. The aluminum free food pouch market can be segmented on the basis of material type, pouch type, by its application and by region. On the basis of material type, the market is segmented into flexible plastic which includes films and sheet, rigid plastic and others.

On the basis of pouch type, the market can be segmented into flat pouches, stand up pouches and others. On the basis of application, it can be segmented into vacuum, re-sealable, retort, spouted and stick market.

On the basis of region, the market is segmented into North America, Europe and emerging countries of Asia Pacific. Many of the fresh food packaging companies are shifting to aluminum free food pouches as it offers customization and provides immense scope to create new designs and also these pouches are eco-friendly as they are non-toxic and biodegradable.

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With the general use of packaging and development of modern techniques for food safety and commercialization, efficient packaging has become necessary for all food types from fresh produce to ready to eat meals. The aluminum free food pouch also known as the alu-free pouch are designed to have numerous advantages which include superior barrier property, perfect air-tightness, optimal puncture resistance to preserve the organoleptic qualities of the food, diverse options for easy opening, rotoprinting to optimize product communication, customization of the pouch according to desired visual effects like glossy, matte, transparent etc. Also packing food in plastic is much more convenient as users can view the contents in the pouch which is not possible in aluminum pouches. Also, aluminum reacts with the acids in acidic food, therefore most of the companies are opting for making aluminum free food pouches.

The use of aluminum free food pouches are widely accepted by the consumers as they are lightweight and easy to handle, in addition to being eco-friendly. In addition, these pouches are more cost effective as compared to aluminum pouches as they offer flexibility and ensure better shelf visibility, thereby driving the growth of this market.

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Litho label market – Global Demand Analysis Opportunity Outlook 2024

Litho label can promote the product effectively due to its complex and five screened graphics. Getting attention along with the availability of competitors is hard, therefore, litho label is the most effective way to get noticed by the potential customer. Litho label is fed through the machine which apply adhesives and places the label on the corrugated sheet. It helps the product to stand out from the crowd, highlight product features, increase the effectiveness of in-store promotion, build brand awareness, and increase brand value.

These litho labels are trimmed into a rectangular size, palletized and shipped to the dock. Apart from the regular litho label, service providers can fulfill requirements of including additional color, UV coating and film lamination. It acts as an added value to the product which not only improves the shelf presence, but also helps in achieving maximum consumer appeal, provide sales information to the customer and increase sales.

Litho label market- Market Segmentation:

The global litho label market can be segmented on the basis of label type, color type, application type, adhesive type and end use. On the basis of label type, the global litho label market can be segmented into full label and spot label. On the basis of color type, the global litho label market can be segmented into CMYK color matches and PMS color matches. On the basis of application type, the global litho label market can be segmented into packaging solution and display solution.

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On the basis of adhesive type, the global litho label market can be segmented into resin adhesives, dextrin adhesives and hybrid glues. On the basis of end use, the global litho label market can be segmented into food & beverages, pharmaceuticals, cosmetics & personal care, home care, logistics & transportation, retail stores and others.

Litho label market – Market Dynamics:

One of the important factors contributing towards the growth of the global litho label market is the rampant evolution in the retail sector in terms of hypermarket/supermarket and independent stores. The earlier mentioned display solution is considered as a modern retail packaging solution and is expected to develop along with the progression of hypermarket and supermarket. Manufacturer and retailers are gaining huge traction towards litho label due to its effectively visibility because of its high end graphics which increase the brand value of the product which essentially drive the growth of the global litho label market.

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Double Wall Caps Closures Market – Rising Trends and New Technologies Research Report Till 2024

Double wall caps & closures is primarily used for packaging cosmetics products & perishable goods such as food & beverages items, pharmaceutical products and chemicals. Generally, double wall caps & closure consist of two caps, one is inside and other cap appear to be the same diameter as the bottle. Double wall caps & closures are primarily made with plastic and metal. The rising demand for packaging from cosmetics and beverages industry is anticipated to fuel the growth of double wall caps & closure market over the forecast period.

Double Wall Caps & Closures Market- Market Segmentation:

The global double wall caps & closures market can be segmented on the basis of material, product type and end use. On the basis of material, double wall caps & closures market can be segmented into Plastic, Metal and Others (wood, rubber, paper). Adding to this plastic is further segmented into Polypropylene, Polyethylene, Polystyrene, and other resins. Metal is further segmented into aluminum and steel.

Plastic currently accounts for majority of share both in terms of value and volume in the global double wall caps & closure market and is expected to hold its dominating position over the forecast period.  On the basis of product type, double wall caps & closure can be segmented into flip top, push down and push pull. On the basis of end use double wall caps & closure is segmented into food & beverages industry, cosmetic industry, pharmaceutical and chemical industry. Among the end use segment food & beverages is expected to register the strong revenue growth over the forecast period.

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Double Wall Caps & Closures Market – Market Dynamics:

One of the significant factors contributing towards the growth of the double wall caps & closures market is the growing demand from food & beverages sector and is expected to grow at the same rate as the beverages industry. Moreover, the growing preference for easy to use cosmetics across the globe has escalated the demand for plastic & metal cosmetic packaging, which in turn is expected to augment the sale of double wall caps & closure market over the forecast period. Furthermore, burgeoning trend of ready to drink beverages is further expected to propel the demand for double wall caps and closure market.

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