Key Trends in Low VOC Inks Market | Foresight by TMR

VOC stands for Volatile Organic Compound which is a chemical compound that can naturally possess enough vapor pressure to evaporate under normal condition. Low VOC inks are generally soy or vegetable based, making it environment friendly and having minimum negative impact on the environment. More than 61% of its raw material comprises from bio-based, renewable sources. Vegetable oils account for nearly three fourth of that percentage.

In addition, low VOC ink is usually an adequate control for lithographic printing which is expected to boost sales of products such as low VOC inks, at a time when there is a high demand for sustainable ink system, both from the supply-side and demand-side. Therefore, the outlook for the growth of the global low VOC inks market is expected to be largely positive during the forecast period.

The global low VOC inks is anticipated to grow on the backdrop of the global sustainable ink system growth, during the coming years and beyond. Low VOC inks are manufactured using a variety of renewable sources to suit various applications and markets. In addition, low VOC inks offers printers a greener and more sustainable ink system owing to which low VOC inks market is expected to witness positive growth during the forecast period.

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Some of the key trends observed in the low VOC inks market are the use of soy-based inks that provide excellent press stability especially in light coverage situations. The low VOC inks also provide sharp dot reproduction on a variety of coated and uncoated substrates that have a good gloss and are rub resistant. This is also one of the driving factor to fuel up the demand of low VOCs inks market.

In spite of the positive outlook for growth, there are certain dynamics, which might hamper the growth of the global low VOC Inks market during the forecast period. Methane is also a part of VOC that evaporates and the fumes create smog and air pollution. This creates indoor air pollution and also causes sick house syndrome. For low VOC inks market to witness higher demand, more consumers need to be made aware regarding the advantages of sustainable ink system.

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Candy Packaging Machines Market | New Trend in Candy Packaging With Advanced Automation

Globally, candy is a highly preferred confectionery by children and teenagers. Rapidly evolving candy market is influencing the candy producers to differentiate their products with the help of packaging and reducing time to market. Fierce competition between candy manufacturers is pushing the candy packaging machine manufacturers to design highly efficient and precise machines that will help candy manufacturers to enhance their overall production efficiency. The new trend in candy packaging machines market is launching of multifunctional candy packaging machines with advanced automation.

Some of the recently launched candy packaging machines have the advanced features like auto correction, If packaging film gets stuck in the middle of the process. These machines also include the features like auto adjusting the packaging dimensions according to dimensions and weight of the candy. 

Millennial population is increasingly preferring gummy & chewy candy, which is to be carefully packed to protect it from moisture and air contamination while packaging. Entry of the new players and production capacity expansion strategy followed by existing players is driving the candy packaging machines market. The market is overall expected to expand at a healthy CAGR during forecast period.

Rising penetration of candy market into Africa and other low per capita income regions is influencing the candy manufacturers to expand into these regions to exploit the regional or domestic cheap labor and raw material availability. Double twist candy packing machine segment is expected to expand at a lucrative CAGR during the forecast period. Cotton candies are highly preferred by children and youth in North America and Western Europe countries, this trend is expected to drive the candy packaging machines market in North America and Western Europe.

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Jelly candies dominate the candies market in APEJ. China is the largest jelly candies market in APEJ. Global candy packaging machines market is expected to witness a growing consolidation in next few years. This is due to the fierce competition between candy packaging machine manufacturers. Manufacturers are trying to leverage different capabilities and strengths through collaborations to survive and stand out in the market.

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Chilltainers Market | Future Replacement of Polyester/EPS Boxes Worldwide

C In markets such as Chile, New Zealand where distance to market from the production facility is large for perishables, producers demand for sustainable low cost packaging solutions. Chilltainers are corrugated or paperboard boxes laminated with metallized polyester. Chilltainers are patented and proven packaging products in Scandinavian countries, Australia and New Zealand, Canada/US and Chile. Prior to chilltainers, producers of perishables and medicines were using polystyrene/EPS boxes or bags.

Polystyrene/EPS boxes are bulky, costly and consume lot of shipping space compared to Chilltainers. Manufacturers of chilltainers are majorly located in Denmark, Australia & New Zealand, Canada, Norway and others. Chilltainers are lightweight, efficient in keeping the constant temperature and low cost. These aforementioned features of chilltainers are making them a top preference of perishables and pharmaceutical producers. As the Chilltainer is a patented product, it is facing slow growth due to reluctance to adapt and lack of product availability. It is anticipated that the market will grow moderately in next decade.

Chilltainers are replacing polyester/EPS boxes worldwide. This trend can be highly visible in Australasia, Canada and Scandinavia. Chilltainers are 85% to 95% recyclable, which makes them environment friendly packaging. Chilltainers don’t cost environment, so they are the best replacement for polystyrene/EPS boxes. Chilltainers are durable and space efficient. Chilltainers can stand long in adverse weather conditions.

Corrugated box acts as a conductor for air circulation and metallized polyester lamination acts as a reflector of heat, which helps to store the perishables and pharmaceuticals for more than two to three weeks in cold chain transportation. Chilltainers are cheaper compared to other substitute products e.g. plastic bins, insulated boxes, containers, bags etc. The economic and environmental cost of polystyrene/EPS boxes is huge compared to chilltainers.

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Households, producers, distributors and retailers are demanding a sophisticated and cost efficient solution for packaging and transport of perishables and pharmaceuticals. Chilltainers can save the shipping space, reduce the overall cost up to 50%, no breakages or leakages in transit and high degree of branding & printability is possible. Growing intolerance towards plastic is driving the chilltainers market. Increasing cross border migration, e-Commerce industry growth, increasing cross border shopping to drive the growth in demand for chilltainers market globally. Overall, the global chilltainers market is expected to expand at a lucrative CAGR during the forecast period.

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Furniture Covers Market is Witnessing a Rise in Number of Consolidations

Middle class population is shrinking in majority of the developed economies. U.S. middle class has reduced from approximately 62% in 1992 to 59%, twenty years later. Eleven of the Western European countries also witnessed the same trend. Upward shift of the middle class in income ladder and fast growing per capita income levels are influencing the consumers to choose trendy lifestyle. Interior design in homes, corporate offices, academic institutes and hotels & restaurants is increasingly influencing the demand for furniture covers globally. Manufacturers of furniture are vertically integrating their business to include production of furniture covers and cushions also.

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Furniture covers market is highly fragmented and dominated by small, medium and unorganized players in the Asia Pacific and Middle East & Africa regions. Global furniture covers market is witnessing a rise in number of consolidations. Furniture covers are used as a protection cover against dust, or spoilage due to frequent use. These are removable and washable, some of the furniture covers come with zipper locks. Majority of the furniture covers market are open ended.

Changing lifestyle in Asia Pacific and Middle East & Africa (MEA) is influencing the consumers to shift towards modern lifestyle, which in turn is driving the interior design market. Furniture covers market is anticipated to witness higher annual growth in middle class dominating countries like China, India, Brazil, South Africa, Nigeria and Brazil. In countries like India and Bangladesh where there is a lack of textile technology awareness and the market is highly unorganized, the manufacturers are integrating their manufacturing technology with global standards. Furniture covers made of synthetic fiber (made of polymers like nylon, polyester and others) are rapidly gaining market share.

Cotton furniture covers are losing their market share to furniture covers made of synthetic fibers. Leather (artificial and natural) furniture covers are the fastest growing furniture covers segment worldwide. Lack of technology awareness, cost of labor and extra costs in supply chains due to middle men in emerging countries is negatively effecting small, medium and unorganized furniture covers businesses in emerging countries like India, Nigeria, South Africa and Bangladesh. Overall the global furniture covers market is expected to expand at a lucrative CAGR during the forecast period.

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Stretch Films Market | Emerging Players, Sourcing Strategy and Downstream Buyers To 2025

The global packaging industry is expected to grow in the forecast period due to wide applications in industries like healthcare, food and drinks, cosmetics and other consumer as well as industrial good industries. Stretch films are highly engineered polythene films which are used in packaging goods. These films are used because of their elasticity and flexibility. Stretch films are primarily used to wrap the pallet loads because of their special properties of being moisture and air resistant which prevents the goods from getting damaged and thus enhancing the quality of these goods.

Market Overview:

Demand for stretch films is expected to grow in future because of the rising demand of packaging industry for the protection of goods during distribution. Stretch films market is expected to grow with a high CAGR and is one of the most lucrative segments of the packaging sector. Stretch films market is a growing market and is expected to create a lot of opportunities in future. Stretch films are commonly used in packaging industry to combine small individual items into pallets and it also protects these products from getting damaged during storage or shipment.

Market Dynamics:

The biggest driving force for stretch films market is that, it is cost effective, user-friendly, more energy efficient, faster and a better option than shrink film products. The other driving force for the stretch films market is the growing R&D’s which produce new products that provides more efficiency than the older ones. The growing retail industry and hypermarkets which are usually cited outside the city requires stretch film products to send their goods resulting in increasing the demand of stretch films.

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Few of the major restraints in the stretch films market are the rising raw materials cost, availability of cheap alternatives, and environmental concerns. Growing demand of packaging products has increased the consumption of plastics which requires a proper disposal of these products resulting in increasing the environmental concerns among the stretch films manufacturers.

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Composite Closures Market Adopts Innovation to Stay Competitive, 2018 – 2025

Growth of the packaging industry depends on economy of the world and also on the type of industries in which the products are used such as healthcare, consumer goods, and food and beverages. One such segment of packaging industry is the composite closure market. Composite closures are the lids which are used to cover a container. They can be of different sizes and designs.

Market Overview:

Composite closures market is expected to increase with a high CAGR in the future because of the growing packaging industry. Composite closures are easy to use and find its applications in various segments. Composite closures market depends on the growth of packaging industry and is forecasted to have a high growth rate in the developing regions like Asia and South America.

Market Dynamics:

Driving force for the composite closures market is the growing economy and rising requirements of brand differentiation and enhancement, growing health awareness among consumers, and increasing environmental awareness. Companies are focusing on new designs and sizes especially in the consumer goods which will increase the market share of composite closures. These new designs attract consumers resulting in increasing the composite closures market value.

The biggest restraint of the composite closures market is the rising prices of raw materials which increases cost expenditure resulting in increasing the prices of composite closures. Other restraint of the composite closure market is the availability of cheap alternatives which can easily replace these closures.

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Growing e-commerce market and increasing consumption of food has created a lot of opportunities for the composite closures market.

Market Segmentation:

On the basis of the applications, the composite closures market is segmented into Baby Food/Food Drinks, Nutritional and Health Drinks, Confectionery, Dressings and Condiments, Pet Food, Pickles, Preserves, Ready Meals and Soups, Cooking Sauces, Dairy Products, Fish and Seafood, Fruits and Deserts, Spreads and Pate, Power Drinks, Meat and Sausage, Nuts and Dry Food, and Others.

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Global Boilable Bags Market Share Set for Broad Growth by 2025

The food and packaging industry is expected to grow in future because of the growing population and the demand for innovative packaging. There is a high demand for packaging products because of the changing lifestyles and growing urbanization where consumers look for options which are simple and effective. Boilable bags are one such segment of packaging products which provides a high protection from external factors and keeps the food fresh.

Market Overview:

Boilable bags market is expected to grow at a high CAGR in the forecast period. Boilable bags are also called vacuum or microwaveable bags which can be of different thickness and are used to store food and can also be used to directly heat the food without using any containers. The biggest advantage of using boilable bags is that it does not contain any harmful chemicals like BPA which can destroy the food and can be hazardous for consumption. Boilable bags can be used by campers, food processors, and backpackers or can also be used in medical processes and procedures.

Market Dynamics:

The driving force for the boilable bags market is its wide range of applications in meats, vegetables, or poultry. It can also be used in preserving food color, juices, and nutritional content. Boilable bags market is growing because of the exceptional qualities which these bags provide like preserving moisture, serving as an odor barrier and preserving the nutrition of the food. The other driving force for the boilable bags market is the vacuum seal which helps in keeping the air and moisture away from getting into food and destroying it.

Most plastic bags cannot be used for storing food since they can be harmful for consumption but boilable bags are made with materials which do not react with the products kept inside and keep it safe and eatable. This has driven the boilable bags market. Boilable bags can be used at high temperatures because of their efficiency of not contaminating the food.

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Market Segmentation:

On the basis of geographies, the boilable bags market is segmented across 7 key regions; Latin America, North America, Japan, Asia Pacific excluding Japan, Western Europe,  Eastern Europe and Japan. North America has the highest market share of boilable bags market because of the high amount of packaged foods used there. Growing campers and young population have also driven the growth of boilable bags market in this region. Europe and Latin America are also expected to have a significant market share in the boilable bags market. Boilable bags market in Asia Pacific is expected to grow at a high CAGR in the forecast period because of the growing food and packaging industry in this region.

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