Global Sustainable Packaging Market to Flourish Due to Sophisticated Lifestyle

The global sustainable packaging market is highly fragmented due to the presence of numerous local, regional, and multinational players. The competition among the small local and regional players is high on the basis of cost and products provided by them. Some of the prominent leading players in the global sustainable packaging market are Ardagh Group S.A, Gerresheimer AG, Smurfit Kappa Group PLC, Ball Corporation, WestRock LLC, and Crown Holdings, Inc.

As per TMR, the global sustainable packaging market was US$250.6 bn in 2018. The market is expected to rise at 5.3% of CAGR by volume during the forecast period between 2018 and 2026.

Based on type of material, the paper and paperboard segment is expected to dominate the market as it held 55.1% share in 2018. This segment is projected to dominate the market over the forecast period. Furthermore, the plastic segment is projected to rise at 5.0% CAGR during the forecast period. Based on geography, Europe is leading the market by holding largest share on the account of high concentration of the packaging manufacturers and high disposable income of the consumers. Europe is followed by North America with the highest per capita consumption of packaging. Among the developing regions, the Middle East and Africa are expected to grow and mark its contribution in the global sustainable packaging market during the forecast period.

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Increasing Environment Consciousness to Fuel Demand for Sustainable Packaging

Globally, the awareness for environmentally friendly packaging solution and lesser use of plastics have grown significantly, thus, it is considered one of the major factors for growth of the sustainable packaging market. As the use of non-biodegradable plastics causes harmful effects on the surroundings such as landfill, soil pollution, and reduces the fertility of soil, therefore to minimize these ill effects the use are focusing on using sustainable and environmental-friendly packaging solutions. In addition, several governments across the globe have imposed strict laws to minimize the use of material that is not eco-friendly, thus, these laws have also boosted the demand for sustainable packaging solutions. Considering the abovementioned, factors are projected to fuel demand for sustainable packaging solutions, which in turn flourish the global sustainable packaging market.

Additionally, changing lifestyle has increased the need for packaged products. This is because more and more users are now buying packaged food and beverages products that have increased the amount of plastic in the environment. However, to meet the packaging needs, alternative ways are being innovated, especially for sustainable goods. These are not just meant to meet the demand for packaging but are environment-friendly as well, along with being able to reduce the landfills.

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Global Spout Pouch Market to Expand At 7.5% CAGR with the High Use in Food and Beverage Industry

Transparency Market Research (TMR) analyze that the global market for spout pouch is highly competitive and fragmented due to the presence of multiple players. These players compete each other based on price of the product and though product differentiation. Players are also focusing on expanding their global reach through by offering lower price for the product, by investing into mergers and acquisition, and strengthening their financial standing. Some of the key players in the market are Berry Global Group Inc, Mondi, Inc., Sonoco Products Company, ProAmpac LLC, Tyler Packaging Ltd, Amcor Limited, Foster Packaging International, HPM Global Inc., Bemis Company, Glenroy, Inc., Sealed Air Corp, Impak Corporation, and Coveris Holdings S.A.

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.

Increasing Demand for Packaged Products Triggered the Demand 

The demand for spout pouch has significantly grown worldwide as various promising factors contributed to the market. Rising demand for packaged food, changing lifestyle, and increasing disposable income are the major factors responsible in expanding the demand for the market. Moreover, reduced cost and comfortable use from these spout pouches have also grown the demand for the spout pouch market. Spout pouches are commonly used to store energy drinks, hygiene products, sauces, liquid soaps, pharmaceutical products, alcoholic beverages, and various other liquid materials.

Applicability of spout pouch is high in food and beverages industry, thus makes the product convenient to use, attractive for branding, and increases the packaging quality of the product. The use of spout pouch is a flexible packaging option as compared to plastic or glass bottles. They can also be recycled and are used for storing multiple liquid substance. As the spout pouch is easy to handle and carry, it support the on the go lifestyle of the customers.

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Stringent Laws to Obstruct Market Growth

There are certain restraining factors that may hamper the growth of the global spout pouch market. Strict policies employed by the government is one of the major factor that could obstruct the growth of the market. Harsh decisions taken by the government is mainly because the packaging waste take decade to decompose and pollutes the environment. Moreover, compliance with regulations is essential as the minute defect in the packaging might spoil the product. Thus, to address issues like those that this government across nations have been taking strict decisions that resulted in flexible packaging industry to be subjected to governance.

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Moving Blankets Market to Witness Rapid Growth in the Coming Years

Moving blankets are protective solutions designed to protect fragile products from scratches, scuffs, dents and nicks during transit. Moving blankets are known in the industry by various names, such as moving pads, furniture blankets, cargo blankets and furniture pads. The global market is characterized by the presence of a large number of middle- to low-income players. Manufacturers of moving blankets also differentiate their products by incorporating several convenience features. For instance, machine washable blankets are widely preferred in the market. These blankets are available in the market in a variety of colors and their performance is greatly influenced by their composition.

Moving blankets are useful in ensuring that surfaces remain scratch-free during transit. Manufacturers of these blankets produce professional grade furniture moving blankets for use by professional packers and movers. The outlook for the global market is expected to remain moderate during the forecast period.

Global Moving Blankets Market: Dynamics

The global market is expected to grow on the backdrop of growth in the packers and movers market. As of now, the Asia Pacific packers and movers market is expected to witness steady growth, thereby boosting demand for products, such as moving blankets, to ensure safety of goods in transit. Manufacturers of moving blankets are expected to increase their efforts for the production of high quality machine washable blankets. Moving blankets can also be used for heavy duty performance and therefore enjoy high demand. In addition, manufacturers of moving blankets are also coming up with innovative variants, such as sound dampening.

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Furthermore, moving blankets are also considered to be one of the most ideal solutions for short-term and long-terms storage as they provide a soft layer for the protection of goods. This is done by using solutions, such as rubber bands, ratchet straps and stretch wrap films, among others. Some of the factors which might act as restraints are incompatibility of certain moving blankets with the binding material. For instance, synthetic blankets can tear due to application of tape. However, correct knowledge of moving blankets and their compatibility can avert such problems.

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Virtual Customer Premises Equipment Market Adopts Innovation to Stay Competitive, 2018 – 2024

The research study is expected to witness progressive growth in the next few years, thanks to the growing demand for mobility. The enhancement of time to market and and the avoidance of downtime for network infrastructure are some of the key factors estimated to encourage growth of the global virtual customer premises equipment market in the near future. With these factors, the market is expected to register a healthy growth rate in the coming years.

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The market intelligence study allows readers and new players to get a clear understanding of the global virtual customer premises equipment market. The primary applications, product portfolio, technological developments, and the geographical segmentation of the global market have been discussed at length to offer a detailed analysis. In addition, with the help of analytical tools, the research study throws light on the key drivers, latest trends, challenges, limitations, and the promising opportunities in the global virtual customer premises equipment market. Furthermore, a detailed overview of the competitive landscape of the market has been given in the study with a list of the prominent players operating in it. The company profiles, product portfolio, financial status, business policies, SWOT analysis, and the recent developments have been discussed at length in the scope of the report.

Global Virtual Customer Premises Equipment Market: Drivers and Barriers

The growing demand for cloud-based and mobility solutions and the cost benefits, owing to the reduction in the maintenance of hardware are some of the vital factors anticipated to fuel the growth of the global virtual customer premises equipment market throughout the forecast period. In addition, the rising implementation of private clouds across diverse organizations is another factor expected to accelerate the growth of the overall market in the next few years. As virtual customer premises equipment allows the modification of physical network infrastructure into share-able virtual resources is expected to contribute significantly towards the development of the overall market.

On the flip side, the rising security concerns regarding virtual architecture is expected to restrict the growth of the global virtual customer premises equipment market in the next few years. In addition, the reliability issues and the lack of skilled workforce are some of the other factors estimated to hamper the growth of the overall market in the next few years. Nevertheless, the virtualization of technology allows information exchange, group discussions, and online programs, which are anticipated to boost the demand for virtual customer premises equipment in the near future.

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Global Smart Airport Market to Gain Traction and Register Strong 13.0% CAGR between 2018 and 2026

The global market for smart airport is at a developing stage and is estimated to grow at a healthy growth rate in the next few years. Thanks to this, the market is expecting an entry of a few players, which is likely to result in a high competition among the key players in the next few years, states a new market research report by Transparency Market Research. Some of the major players operating in the smart airport market across the globe are Amadeus IT Group SA, Thales Group, CISCO System, Inc., IBM Corporation, Lufthansa Systems GmbH & Co. KG. RESA, S.A.S., Siemens AG, Honeywell International, Inc., Vision-Box, and SITA. The increasing focus on innovations and research and development activities is likely to accelerate the overall growth of the market in the next few years.

According to the market study by Transparency Market Research, the global market for smart airport is expected to register a promising 13.0% CAGR between 2018 and 2026.

North America to Dominate Global Smart Airport Market in Near Future

The global smart airport market has been classified on the basis of geography into the Middle East and Africa, Latin America, Europe, North America, and Asia Pacific. As per the research study, North America is projected to account for a large share of the overall market in the next few years. The high growth of this region can be attributed to the increasing number of improvements in the current services and solutions. In addition to this, the presence of a large number of players is another key factor that is likely to accelerate the growth of this region in the near future. Furthermore, Asia Pacific is projected to register a fast growth rate in the coming years, thanks to the favorable government initiatives for the implementation of the advanced solutions at the airports. The growing demand for automated processes at airports in several emerging economies is predicted to enhance the growth of the smart airport market in the near future.

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The global market for smart airport market has been further segmented on the basis of infrastructure into communication systems, cargo and baggage handling, endpoint devices, air traffic control systems, passengers, and security systems. Among these, the security systems segment is expected to lead the market with a major share of the global smart airport market. The increasing demand for biometric devices by airports for the purpose of checking and identification processes is considered as one of the key factors estimated to enhance the growth of this segment in the near future.

Increasing Trend of Personalized Services to Accelerate Market Growth

The rising number of smartphone users across the globe is one of the major factors that is expected to encourage the growth of the global smart airport market in the next few years. The rising needs for the real-time information is another key factor that is estimated to accelerate the growth of the market in the near future. In addition to this, the growing focus of the key players on the customer-centric approach and the growing use of self-service technologies at the airports are further projected to enhance the growth of the smart airport market in the coming few years.

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Moving Boxes Market: The Future of Packing & Moving

Rising worldwide population migration and globalization are influencing the demand for moving boxes. Working class as well as students often shift their residence to new places and so they also need to move their belongings from one place to another place often. Moving boxes are generally made of corrugated boxes with or without handles. Easy to carry and lightweight properties make them consumers first choice. One can find large varieties of moving boxes according to their packaging needs.

Moving boxes are manufactured by paper and paperboard packaging products manufacturers. Moving boxes market is highly driven by urbanization, population migration, etc. In emerging economies working class as well as students move to other cities and towns in search of new jobs or education purpose. This trend is highly visible in India, South Africa, Nigeria and China. This growing trend is increasingly pushing the demand for moving boxes market. Moving boxes market is expected to grow at a lucrative compound annual growth rate (CAGR) over forecast period.

Moving Boxes: Market Dynamics

Changing lifestyle and rising trend of population migration in emerging economies is expected to drive the global moving boxes market. Compared to conventional corrugated boxes and folding cartons, moving boxes differ in size, shape and design, because these are intended for storage as well as transportation of goods from one place to another unlike corrugated boxes and folding cartons. Corrugated boxes and folding cartons are basically intended for storage purpose. Moving boxes are available in many sizes and shapes which exactly match packaging needs of consumers.

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Household as well as personal belongings like TV, computer, cloths, bed, kitchen wares, etc. can be conveniently packed and transported from one place to another place. Increasing penetration of moving boxes in Latin America, Asia and Middle East regions is expected to drive the moving boxes market over forecast period. Rising middle class population, disposable income levels are also expected to drive the global moving boxes market.

Some of the players associated with the global moving boxes market are International Paper Company, Mondi Group, Northwest Paper Box, Salazar Packaging, Inc., Accurate Box Company, Inc., Shanghai DE Printed Box, Guangzhou Huaisheng Packaging Co., Ltd. Kapstone, West Rock Packaging Company, Packaging Corporation of America, Sappi Limited, DS Smith, Oji Paper Company, Smurfit Kappa, Georgia-Pacific, and others.

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Rise in Applications of Perishable Packaged Food and Medicinal Products is expected to drive the Reclosure Tapes Market

The market for reclosable packaging is characterized by the presence of numerous medium and large scale manufacturers. Reclosure tapes also known as re-sealable tapes, are used for packaging of food and medicinal applications by limiting their exposure to the external microorganisms / germs thus, keeping this perishable products fresh even after their using / opening. Reclosure tapes are ideal to preserve and extend the aroma, freshness, and color of the packaged content for re-use / later use, thus making the packaging convenient for consumers use.

Global Reclosure Tapes Market: Dynamics

The global market for reclosure tapes is expected to grow on the backdrop of intensifying demand for packaged perishable food and medicinal products. In case of Asia Pacific region, high demand for perishable products in the food and personal care markets is expected to strengthen growth of the reclosure tapes in the region. Also, in terms of growth opportunities, the Middle East reclosure tapes market is expected to be highly lucrative over the forecast period. Hence, keeping this aforementioned factors in mind, the global reclosure tapes market is likely to witness a double-digit growth over the forecast period.

Global Reclosure Tapes Market: Company Developments and Industry Level Trends

Key market participants all across the globe that operate in the reclosable packaging market are focusing on designing innovative patters of reclosure tapes / labels that offer enhanced packaging outlook.

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Some of the key trends in the global reclosure tapes market are –

• In September 2013, Avery Dennison Label and Packaging Materials launched a product named Select Solutions Reclosure portfolio designed to help package designers and packaged goods companies to meet client requirements for the convenience reclosure products.

The reclosure tapes market in North America is expected to hold the leading position by 2016. This is attributed to affirmative outlooks from both the food & beverage as well as the cosmetics & personal care sectors in the region. The reclosure tapes market in Western Europe is largely expected to witness slow-moving to moderate growth over the next decade. The Latin America region has been trapped in a financial turmoil over the last decade, which has resulted in a manufacturing deadlock. Nevertheless, efforts to rebuild this region across the globe is projected to recover the situation of economic slow-down in the region.

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