Sustainable Packaging Market by Component, by End User and by Geography

The global sustainable packaging market is likely to gather momentum from its growing popularity and awareness about sustainable packaging methods. Sustainable packaging has lately gained high importance for both consumers and brands alike. Sustainable packaging is also known as green packaging, which refers to the utilization of sustainable manufacturing methods and materials for the packaging of various products.

It makes use of plant-based and biodegradable plastics together with used polyethylene bags and recycled molded packaging bags to make different products. In comparison to traditional methods, wherein synthetic materials used leave considerable carbon footprint in the environment, sustainable packaging helps to support ecological and human health in the end. The procedure of green packaging comprises ways that restrict the total amount of emissions and waste produced through the manufacturing process.

Some of the prominent market vendors that have been profiled in the report on global sustainable packaging market comprise names like International Paper Company, Tetra Laval International S.A, Amcor Limited, The Mondi Group plc, Ardagh Group S.A, Sonoco Products Company, and Reynolds Group Holdings Ltd.

Making use of extensive methods of research, Transparency Market Research presents an all-inclusive study on the global sustainable packaging market, for the period 2018 to 2026. The report estimates that the global sustainable packaging market is likely to register growth at 5.3 % CAGR, touching the market value of US$ 52.1 Bn through 2026.

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North America is likely to account for a sizeable chunk in the global sustainable packaging market. The North America market is influenced by factors like a high per capita income and increased awareness amongst people toward environmental issues. In addition to that, robust government regulations together with increasing initiatives for a clean and green environment are likely to support the growth of the North America sustainable packaging market over the tenure of projection.

Asia Pacific is likely to emerge as another prominent region with a high growth rate over the tenure of assessment, from 2018 to 2026. The region led by China is likely to continue with its high growth over the tenure of assessment. A shift in market conditions leads to a shift in consumer actions and demand in China. These factors are likely to shape the contours of the Asia Pacific sustainable packaging market over the assessment tenure.

Increased Awareness about the Benefits of Sustainable Packaging Solutions to Bolster Demand

The global sustainable packaging market is anticipated to be driven by constant advancements made in materials sciences. Development of plant-based materials for use in sustainable packaging solutions is likely to further the scope of the global sustainable packaging market in the years to come. The rising trend includes not only the use of fewer materials but also it needs to be ensured that the materials are recyclable. This has gathered the interest of young people who are aware of the impacts of non-recyclable materials and plastics. The concepts of compostability, reusability, and recyclability are accelerating the growth of the global sustainable packaging market in the years to come.

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Increased awareness amongst the people regarding the advantages of sustainable packaging solutions is likely to emerge as a key growth driver for the global sustainable packaging market. In addition, the global sustainable packaging market is anticipated to observe a growth due to augmented research and development activities conducted by both private and public entities.

The information shared in this review is based on a TMR report, bearing the title, “Sustainable packaging market (Packaging Type – Trays, Bags, Boxes, Bottles and Jars, Films, Pouches and Sachets, Drums, and IBC; Material – Paper and Paperboard, Plastic, and Metal; End Use Industry – Food, Beverages, Automobile and Electronics, Chemical, Pharmaceutical, Agriculture, and Cosmetics and Personal Care) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026”.

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Heat Induction Cap Liners Market 2021 Global Insights and Business Scenario

The exponential growth of the packaged food and beverage segment is resulting in swelling growth of the heat induction cap liners market and is anticipated to continue to do so over the 2020 – 2030 forecast period.

Meanwhile, the outbreak of COVID-19, wherein nationwide lockdowns has led to heightened demand for packaged food and beverages to be consumed at home. Closure of restaurants ad eateries has compelled consumers to cook more at home resulting in spurt in demand for packaged ingredients. Collectively, this is providing handsome opportunities for manufacturers in heat induction cap liners market.

The report is an all-important tool for valuable insights into growth trends, demand dynamics, and opportunities in the heat induction cap liners market. Further, the report delves into the regional outlook of the heat induction cap liners market and how these regions are expected to fare over the forecast period of 2020 – 2030. Detailed insights into the competitive landscape of the market is another valuable offering of this report.

Heat Induction Cap Liners Market: Competitive Landscape

The heat induction cap liners market is fragmented with the presence of several regional and large players rendering an intensely competitive vendor landscape. Small unorganized regional players in the heat induction cap liners market enjoy the advantage of local distribution channels and business relationships with local packaging companies.

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To offset this, big players in the heat induction cap liners market are thus focusing on merger and acquisition to expand their global foot print and business portfolio. Besides business alliances, R&D for innovative products is the focus of large players in the heat induction cap liners market.

The report includes profiles of leading companies in the heat induction cap liners market, including a detailed analysis of their growth strategies and revenue share projections over the forecast period.

Key companies operating in the heat induction cap liners market include Tekni-plex Inc., Bluemay Weston Limited, Press-On Corporation, Well-Pack Industries Co. Ltd., Captel International Pvt Ltd., Selig Group, B&B Cap Liners LLC, Low’s Capseal Sdn Bhd, Tien Lik Cap Seal Sdn Bhd, and others.

Heat Induction Cap Liners Market: Key Trends

The surge in demand for packaged food and beverages that require reliable, tamper-proof packaging is presenting vast opportunities to the heat induction cap liners market. Heat induction cap liners provide excellent barrier to prevent leakage and improve the shelf life of content within.

The continual expansion of the pharmaceutical sector is another key factor for monumental growth in the heat induction cap liners market. The reliable packaging of pharmaceutical formulations to leak-proof and tamper-proof to prevent damage of content within bottles and jars during transport is spurring demand for induction cap liners.

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Emergence of online sales channel for pharmaceutical products is further expanding the growth horizon of heat induction cap liners market. Pharmaceutical formulations that are packaged in jars and bottles need to be sealed with leak-proof induction cap liners to withstand rough handling during transport. To serve this, heat induction cap liners find valuable use to ensure leakage and safe delivery of products over long distances.

Heat Induction Cap Liners Market: Regional Assessment

Asia Pacific is a prominent region in the heat induction cap liners market. The presence of several small manufacturers as well as presence of a large number of small and mid-size packaging solutions company are key factors behind the growth heat induction cap liners market in the region. Low cost of manufacturing resulting in high volume export to Western countries for packaging of pharmaceutical solutions, personal care products, cosmetics provides ample opportunities for growth in the heat induction cap liners market in the region.

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Shelf Tray Market Trends, Leading Players, Share and Forecast to 2030

Most consumed markets by Shelf Tray Market are retailers, grocery shops as use of these trays make it easy for the customers to access the products and for store-owners to keep products well organized and clean. Shelf tray Market is very versatile since these can be designed as per the need of the end-user depending upon space, product type and material to be stored.

Shelf tray market is also used as a point of purchase packaging solution, as these trays help in distinguishing among different products placed in retail stores. As a result, packaging manufacturers are offering aesthetically pleasing shelf trays to increase product visibility. In the food packaging industry, products with barrier properties are more important, in the consumer’s point of view. Gases such as O2, CO2 and N2 effects seriously on food and beverages, so for shelf tray market industry also it becomes very important to consider these factors during manufacturing.

Shelf Tray Market: Dynamics

Shelf rigid trays are commonly used from the plastic which cause serious environmental pollution. Considering demand from the market for being environmental friendliness products, the consumers prompted suppliers on research and developments on the material used. The black plastic which is non-biodegradable, and also not reusable is found on the supermarket shelves becoming problematic. And so, in the coming years, the shelf tray manufacturers have a big responsibility to make their product with more environmentally friendly materials like paper, wood.

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However, the important features of the shelf tray market product like versatility, appropriate and long-lasting the end-user is attracted, which results in the opportunities from restaurants, food delivery services and catering services. By using the reusable materials the demand for the new product may increase drastically. With the increasing demand of ready-to-eat food and online food delivery in the North America region, the shelf tray demand has also risen.

Many industries are affected by COVID-19 pandemic and shelf tray market is not an exception to it. But by using ecofriendly materials such as paper or by introducing market with bioplastic material customers can be attracted. It will also reduce the construction cost, which will help the industry to re-enter the market.

Across the globe, the regional demand varies for shelf tray market. Food and beverages is one of the industries which have affected most in COVID-19 pandemic and it is the industry which have large amount of client base in shelf Tray Market. Ultimately, Shelf Tray Market also have faced COVID-19 pandemic impact very badly all over the world. And the impact will last long for many months. Consumers of North America adopting the lifestyle of on-the-go and so the demand for shelf trays has gone up in the region; this has resulted in hiked consumption of shelf trays in the past years.

European countries such as Russia and Poland are showing rapid growth in the food packaging industry, as the retail sector is getting more organized in these countries. This has positively impacted the sales of shelf trays in the region. Because of some plastic restrictions in Asian countries like Japan, India, China, the demand for paper tray manufacturers is going to raise up in the forecast period. Most populated countries are expected to create growth opportunities for the shelf tray market.

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Shelf Tray Market: Key Manufacturers

Various manufacturers are operating in the shelf tray market industry. Some of them are as follows-

• Packaging Holdings Ltd.
• Winpak Ltd.
• GY Packaging
• Linpac
• East Coast Packaging
• HPM Global Inc.

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Box Sealing Machine Market 2021 Business Scenario

 

• Box sealing machines, often referred to as carton sealers, case sealers, or box tapers, are used for closing or sealing corrugated boxes in packaging lines. Box sealing machines provide end-users with a fast and efficient packaging technology.
• Major players across the globe are introducing box sealing machines with advanced sealing technology, which is likely to drive the demand for box sealing machines in the coming years.

Rising Usage of Box Sealing Machines

• Increasing awareness about the usage of box sealing machines among end-users in the packaging sector owing to its quick sealing technology and its ability of handling bulk quantity of carton and cases is promoting the growth of the market. End-users consider these machines to be reliable in performing several packaging operations that help them in preventing wastage of packaging material, enhance its appearance, and minimize overall labor cost. This helps to improve overall productivity of packers. In addition, increasing logistics and parcel centers, and growth in the industrial sector across the globe is driving the box sealing machine market.

Risks Associated with Handling Box Sealing Machines: A Key Restraint

• Risks associated with technical issues of box sealing machines and its handling may act as a major barrier to the growth of the market across the globe. Users still prefer manual sealing methods in order to avoid technical costs. In addition, cost of handling and inspection of machines by skilled workers along with its maintenance is expected to act as a barrier to the growth of the box sealing machine market.

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Asia Pacific a Potential Market for Box Sealing Machines

• The global box sealing machine market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
• North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the box sealing machine market in Europe includes the U.K., Germany, France, and Rest of Europe. Similarly, the market in Asia Pacific comprises India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes GCC, South Africa, and Rest of Middle East & Africa. The box sealing machine market in South America has been segmented into Brazil and Rest of South America.
• Asia Pacific is expected to remain a potential market for box sealing machines during the forecast period, owing to rising packaging operations at industrial, commercial, and logistics sectors in the past few years in the region.

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Key Players Operating in the Global Box Sealing Machine Market

The global box sealing machine market is consolidated in nature, due to presence of a number of global and regional players. A few of the key players operating in the global box sealing machine market are:

• BestPack Packaging Systems
• Combi Packaging Systems LLC.
• Endoline Machinery Limited
• Intertape Polymer Group Inc.
• Jia-In Industry Co., Ltd.
• Loveshaw Corp.
• PACKWAY INC
• ROBOPAC USA

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Small Engine Market 2021 Growth Rate, Trends And Analysis By Top Competitors

A small engine refers to the general term that is used for a wide variety of low-powered, small-displacement internal combustion engines. These engines are utilized to supply power to concrete mixers, generators, lawn mowers, and many other machines requiring independent sources of power. Most of the small engines are single cylinders that come with a few units of V-twin. However, there are a few Wankel (rotary) engines that are quite small in size have been made for use on equipments like lawn mowers and others. Growing popularity of these engines are anticipated to support development of the global small engine market over the timeframe of analysis, from 2020 to 2030.

Innovations and product development comprise an essential part of the global small engine market. However, there exists dominance of handful of market players and other players in the market, mostly based out of China, are expected to make small engines with improved fuel efficiency and better productivity. In addition, formulations of government regulations pertaining to harmful emissions by small engines are forcing manufacturers to increase the effectiveness of small engines according to the guidelines. These factors are likely to trigger growth of the global small engine market in the years to come.

Application, engine displacement, fuel type, and region are the four important parameters based on which the global small engine market has been classified.

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Global Small Engine market: Notable Developments

One of the relevant and important developments of the market that gives a quick view of the dynamics pertaining to global small engine market is mentioned as below:

• In September 2020, Leading manufacturer of small engines, Briggs & Stratton Corporation, sold all of its assets to KPS Capital Partners. Following the acquisition, it is expected that Briggs & Stratton Corporation will function as an independent company with KPS Capital Partners providing long-term support to them.

Some of the prominent organizations in the global small engine market comprise the below-mentioned:

• Changchai Co., Ltd.
• Briggs & Stratton Corporation
• Kawasaki Heavy Industries, Ltd
• Generac Power Systems, Inc
• Chongqing Fuchai Industry Group
• Kubota Engine America Corporation

Global Small Engine market: Key Trends

The global small engine market is characterized by the presence of the following restraints, drivers, and opportunities.

Integration of Advanced Technologies into Small Engine Activities to Boost Demand

Increased sale of small engines is attributed to the augmented sale of new single family homes every year, mainly in the US. With the rising number of new homes, demand and utilization of various equipments, such as lawn care equipment and others using small engines is likely to rise in the years to come. However, the demand for small engines are expected to rise even sale in the real estate sector is not huge. It is expected that presence of plethora of application opportunities is likely to bolster growth of the global small engine market over the tenure of analysis, from 2020 to 2030.

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Global Small Engine market: Geographical Analysis

The global small engine market is divided into the strategically key regions of North America, Latin America, Middle East and Africa, Asia Pacific, and Europe. Driven by China, Asia Pacific is anticipated to offer lucrative growth opportunities for the global small engine market in the years to come. Product innovations, expansion of manufacturing facilities, and acquisitions characterize the small engine market in China. High demand for these engines in the region is likely to augur well for the Asia Pacific market in the years to come.

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Oil and Gas Data Monetization Market Value Chain, Dynamics and Key Players 2021-2026

According to a new market report published by Transparency Market Research, the global oil and gas data monetization market is expected to reach a value of US$ 81,600.0 Mn by 2026 on account of large volume of data generated across the oil and gas industry and the selling/trading or the software/platform usage to derive value from such large volumes of structured, unstructured, and semi-structured data.

The market is projected to expand at a CAGR of 18.5% during the forecast period from 2018 to 2026 driven by the increasing trading of data products such as seismic data, geophysical data, magnetic surveys, well data, production data, interpretive studies, etc. and the increasing adoption of data management and data analytics solutions in the oil and gas industry. After the fall in CAPEX during the years 2015 to 2017, spending in the oil and gas industry is anticipated to increase gradually from 2018, thus further driving the digitization across the industry using software/platforms and related services.

North America is anticipated to be the dominant region in the oil and gas data monetization market followed by Middle East & Africa during the forecast period.The exploration segment in the E&P lifecycle is expected to see flourishing growth to maintain the production and to meet the demand in the next decade with sufficient oil and gas discoveries now. Further, the use of analytics solutions and data management solutions mainly for seismic data, drilling data, and production data processing drives the data monetization market in the oil and gas industry.

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Turning data into intelligence for improved asset productivity is driving the global oil and gas data monetization market

Predictive and prescriptive analytics are the approaches that help oil and gas companies to minimize expenses and earn money by turning this data into valuable assets. Real-time data analysis is essential for deriving insights from unstructured data generated from sensors present in the oilfield. The creation and consumption of data continues to grow and with it the investment in software, services, and data science. The availability of large amount of generated data led to technological innovation in analytics solutions.

Such highly analysed and streamlined data is now being traded from oil and gas service companies and national data repositories in collaboration with oil companies. The oil and gas data monetization market is expected to flourish over the forecast period driven mainly by indirect data monetization i.e. software/platforms and professional services used to increase operational efficiencies deriving value from data for oil and gas companies. However, direct data monetization i.e. the data exchange/transaction for direct monetary benefits is expected to grow at the highest rate over the forecast period.

Oil and Gas Data Monetization Market: Scope of the Report

The oil and gas data monetization market is segmented based on method, component, oil companies, application, E&P lifecycle, and geography. By 2026, the upstream application segment will account for more than 53% of the global indirect oil and gas data monetization market and more than 56% of the global direct oil and gas data monetization market due to increasing IT spending in the upstream sector of the oil and gas industry. National oil companies segment is anticipated to have more than 44% market share in indirect data monetization and more than 33% market share in the direct data monetization market by 2026 due to increasing spending by national oil and gas companies and maximum share of production by national oil and gas companies globally.

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North America is leading the oil and gas data monetization market with 36% share globally. This is due to increasing oil production in the region and shale gas activities which fuels the need for indirect data monetization to gain operational efficiency. The U.S is the leading country for oil and gas production, accounting for 15% of total global oil production, fuelling an opportunity for adoption of oil and gas data monetization in the region.In terms of new opportunities, Asia Pacific and Middle East &Africa are expected to witness healthy growth during the forecast period. Increasing adoption of advance technological solutions in the oil and gas industry across GCC countries, and the U.S is expected to offer prominent opportunities to the oil and gas data monetization market.

Global Oil and Gas Data Monetization Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global oil and gas data monetization market. Halliburton, Schlumberger Limited, Informatica Corporation, SAP SE, Oracle Corporation, Accenture plc, IBM Corporation, EMC Corporation, Microsoft Corporation, Tata Consultancy Services Ltd., Datawatch, Drillinginfo, Hitachi Vantara Corporation, Hortonworks, Inc., Capgemini SE, Newgen Software, Inc., Cloudera, Inc., Cisco Software, Inc., SAS Institute, Inc., MapR Technologies, Inc., Palantir Solutions, OSIsoft LLC, Infosys Limited, and NETSCOUT are some of the key players that have been profiled in this study. Details such as financials, business strategies, key competitors, recent developments, SWOT analysis, and other such strategic information pertaining to these players have been provided as part of company profiling.

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Tow Bar Market Developments and Opportunity Assessment 2021

 

• A tow bar is a device attached to the chassis of a vehicle so that it can be pulled by another vehicle or power source. The tow bar is designed to enables proper load distribution and swiveling of the towed vehicle.
• Rise in disposable income and consumer demand for off-road and touring activities is projected to boost the demand for tow bar globally

Key Drivers and Restraints of Global Tow Bar Market

• Government mandates, such as regulation (EU) No 1005/2010, requires all motor vehicles to be fitted with towing device such as tow bar. Adoption of such regulations worldwide is expected to drive the global tow bar market.
• Rising roadside assistance services and demand for towing is boosting the demand for the tow bar. Increased number of vehicles on road and high-speed engines have driven the number of accidents, thereby spurring the need for tow bar.
• Sales of electric vehicles are rising rapidly, globally, and these vehicles often require towing in case of breakdown, as there is very little scope of on-spot repair. Consequently, increased demand for electric vehicles is expected to drive the tow bar market.
• Emergence of electric foldable tow bar, offered by automakers such as BMW AG, is a key trend witnessed in the tow market. Rising electrification trend and consumer demand for automatic vehicles systems is boosting the demand for tow bar.
• Increasing stringency in safety regulation is prompting tow bar manufacturers to develop tow bar that are capable of withstanding higher forces and are able to bear or haul more vehicle mass

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Foldable tow bar segment to expand significantly

• Fixed tow bar are cost-effective and extensively used. The foldable tow bar segment is anticipated to expand significantly due to its robust nature. Electrically operated foldable tow bar are being adopted in premium vehicles. Rise in sales of premium vehicles is anticipated to boost the demand for foldable tow bar.

Passenger vehicles to witness significant demand

• Passenger vehicles, such as light-duty trucks and SUVs, contribute toward the high demand for tow bar. In North America, trucks manufactured by General Motors and Ford are widely used in off-road activities and hence, contribute significantly to the demand for tow bar.

OEM to hold leading share of global market

• Majority of vehicles contain OE standard fitted tow bar and hence, the OEM segment holds the leading share of the market. Tow Bar are easily available and can be installed in the aftermarket and consequently, the aftermarket segment also holds a significant share of the tow bar market. Rising demand for vehicle accessories and advent of e-commerce have boosted the sales of tow bar.

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Asia Pacific to lead global tow bar market

• In terms of region, the global tow bar market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• The market in Asia Pacific is expected to expand at a highest growth rate owing to rising domestic demand for vehicles for off-roading and touring purposes in the region. Rising consumer preference for SUVs and light-duty trucks is projected to boost the tow bar market in Asia Pacific.

Europe and North America together held a dominating share of the global tow bar market. High disposable income in these regions coupled with a high demand for eco-tourism, adventure, and use of caravans and motorhomes has resulted in high demand for tow bar in Europe and North America.

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