The world economy has proved to be most fragile in recent times with growth in developed countries being rather pedestrian, resulting in the hope of new volumes being found in developing markets. As such, the health of the packaging industry is l ....see more
MarketsandMarkets projects that the food service packaging market will grow from USD 65.36 Billion in 2017 to USD 84.33 Billion by 2022, at an estimated CAGR of 5.23%. The market for food service packaging is growing due to increase in demand from end-use industries such as food & beverages, quick service restaurants, and fast food outlets. Along with the same, the rise in demand for sustainable & recyclable packaging material has fueled the market for food service packaging. Emerging economies such as India, South Africa, Brazil, and oil-centric GCC (Gulf Cooperation Countries) possess a great potential for the food service packaging market.
MarketsandMarkets projects that the aerosol cans market size by value will grow and reach USD 10.93 billion by 2021 at a CAGR of 3.9% between 2016 and 2021. The market is growing in accordance with the growth trends of the converting and packaging industries. The home care, personal care, and healthcare industries are driving the market growth for aerosol cans, which uses fewer resources, offers ease of handling, and occupies less space. The major players include Ball Corporation (U.S.), CCL Industries, Inc. (Canada), Crown Holdings, Inc. (U.S.), WestRock Company (U.S.), Ardagh Packaging Holdings Limited (Luxembourg), Nampak Ltd. (South Africa), Colep Portugal S.A. (Portugal), BWAY Corporation (U.S.), and Exal Corporation (U.S.). Companies have adopted strategies such as new product launches, mergers & acquisitions, expansions and investments to cope with the increase in demand in the emerging markets.
In this report on top packaging trends, the packaging market has been segmented on the basis of technology and type. In the anti-counterfeit packaging market, the pharmaceutical & healthcare segment is projected to be the fastest-growing end-use sector that requires advanced packaging technologies to prevent counterfeiting of medicines and healthcare products. On the basis of technology, the RFID segment is projected to grow at highest rate during the forecast period in the anti-counterfeit packaging market, due to its ability to read and capture information stored on the tag attached to the product.
The form-fill-seal market size is projected to grow from USD 15.31 Billion in 2016 to USD 19.47 Billion by 2021, at a CAGR of 4.92% from 2016 to 2021. The form-fill-seal market is increasing proportionally with the overall packaging equipment industry and growth in the flexible packaging industry. The market is primarily driven by factors such as improving economic conditions of countries, technological advancements, and increasing end-use applications.
MarketsandMarkets projects that the tube packaging market size will grow from USD 6.65 Billion in 2016 to USD 9.30 Billion by 2021, at an estimated CAGR of 6.9%. The tube packaging market is expected to witness high growth as a result of the increase in consumer preference for convenient, safe, and sustainable packaging. This report has been segmented on the basis of type, material type, application, and region.
MarketsandMarkets projects that the digital printing packaging market size will grow from USD 10.14 Billion in 2015 to USD 42.11 Billion by 2026, at an estimated CAGR of 13.9%. The digital printing packaging market is expected to witness high growth as a result of the growing demand for suitable printing & increasing demand for digital printing packaging.
MarketsandMarkets projects that the rigid plastic packaging market size by value will grow and reach USD 262.68 Billion by 2021 at a CAGR of 5.71% between 2016 and 2021. The market is growing in accordance with the growth trends of the converting and packaging industries. Factors such as increase in demand from fresh food & beverages, home & personal care goods, and pharmaceutical industries; and growth of the retail industry have driven the global rigid plastic packaging market.
The market for industrial labels is estimated to grow from USD 43.04 Billion in 2016 to reach USD 55.95 Billion by 2021, at a CAGR of 5.39%. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021. The segments considered for this report are based on type, material, end-use industry, mechanism, printing technology, identification technology, and region.
The global thermoform packaging market was valued at USD 32.26 Billion in 2015 and is projected to reach USD 44.55 Billion by 2021, at a CAGR of 5.61%. The base year considered for the study is 2015 and the market size is forecasted from 2016 to 2021. The primary objective of the study is to define, segment, and project the thermoform packaging market size on the basis of material, type, heat seal coating, end-use industry, and region. The study also aims at strategically analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market. It also provides detailed information about the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).
The caps & closures market size is estimated to grow from USD 49.78 Billion in 2015 to USD 68.71 Billion by 2021, at a CAGR of 5.62%. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021. The caps & closures report aims to study the various segments that are part of the manufacturing process of caps & closures and the end consumers.
The variable data printing market size will grow from USD 10.79 Billion in 2016 to reach USD 22.27 Billion by 2021, at an estimated CAGR of 15.61%. The global variable data printing market is driven by basic factors, which include strong growth in demand, especially in pharmaceutical, food & beverage and other sectors. These drivers are supported by the high rise in demand from the Asia-Pacific region. Product innovations and technological developments in the market are expected to create strong investment opportunities.
PET packaging market will grow from USD 57.64 Billion in 2016 to USD 74.32 Billion by 2021, at an estimated CAGR of 5.21%. The market for PET packaging is growing due to growth in end-use industries such as food, beverage, personal care, and pharmaceutical, and rise in demand of sustainable & recyclable packaging. The emerging economies such as India, South Africa, and Brazil possess a great potential for the PET packaging market.
Globally the corrugated boxes market is gaining traction in the food & beverages and e-comerce industries. Asia-Pacific is estimated to be the fatsest-growing region during the forecast period. The global corrugated boxes market was valued at USD 63.29 Billion in 2016 and is projected to reach USD 76.76 Billion by 2021, at an estimated CAGR of 3.94%. The base year considered for the sudy is 2015 and the market size is forecasted from 2016 to 2021.
The market for homogenizers is projected to grow from USD 1.53 Billion in 2016 to reach USD 1.94 Billion by 2021, at a CAGR of 4.92%. The report aims at estimating the market size and future growth potential of the homogenizers market across different segments such as type, valve technology, application, and region. Globally, competition in the homogenizers market is growing considerably owing to the increasing demand from various end user industries such as food & dairy, cosmetics, pharmaceutical, biotechnologies, and chemical industries. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021.
The antimicrobial packaging market size is estimated to grow from USD 7.28 Billion in 2015 to USD 10.00 Billion by 2021, at a CAGR of 5.54%. The antimicrobial packaging market is growing rapidly in accordance with the growth in the packaging market, globally. Antimicrobial packaging is widely used in the food industry as a result of the rising consumer demand for products that are perishable, preservative-free, and minimally processed, and also due to the need to increase the shelf life of the products. This application is projected to foster the demand for antimicrobial packaging solutions during the forecast period. The report aims at estimating the market size and future growth potential of the antimicrobial packaging market across different segments such as base material, pack type, antimicrobial agents, technology, end-user industry, and region.
The market for smart labels is estimated to grow from USD 4.45 Billion in 2016 to reach USD 10.03 Billion by 2021, at an estimated CAGR of 17.65%. The segments considered for this report are based on technology, component, end-use industry, application, and region. On the basis of technology, RFID labels held the largest market share, in terms of value, while the perishable goods segment is projected to grow at the highest CAGR during the forecast period. The end-use industry includes FMCG, retail, automotive, logistics, manufacturing, healthcare, and others.
The market for sterile medical packaging is estimated to grow from USD 26.55 Billion in 2015 to reach USD 35.07 Billion by 2020, at an estimated CAGR of 5.72%. The segmentation considered for this report is based on region. The region consists of North America, Europe, Asia-Pacific, and Rest of the World (RoW). The base year considered for the study is 2014 and the market size is projected from 2015 to 2020.
The Global Biodegradable Mulch Films Market size to grow from USD 35.76 Million in 2016 to USD 52.43 Million by 2021, at a CAGR of 7.95% from 2016 to 2021. The growth of the biodegradable mulch films market can be attributed to the rising demand of biodegradable mulch films in greenhouse, increased applications in agriculture, and rising environmental concerns that shifted the focus of growers toward eco-friendly mulch films. Furthermore, market players are responding to these new opportunities of increasing crop output by expanding their global presence and product lines.
The global security labels market was valued at USD 20.61 Billion in 2015 and is projected to reach USD 26.47 Billion by 2020, at a CAGR of 5.13% from 2015 to 2020. On the basis of compositon, facestock accounted for the largest market share among all compositions for security labels. Bar codes accounted for the largest share in terms of both volume and value. In 2014, the application segment was dominated by the food & beverage sector followed by retail and consumer durables. Security labels in the form of sheets accounted for the largest share in terms of both volume and value.
The inventory tags market size is projected to grow from USD 4.08 Billion in 2016, to reach USD 5.07 Billion by 2021, at a CAGR of 4.43%. The segments considered for this report are based on printing technology, label type, technology, end-use sector, and region. The segmentation based on technology consists of barcodes, RFID, and others. Label types include plastic labels, paper labels, metal labels, and others. The end-use sectors include the industrial, retail, and logistics & transportation sectors. On the basis of region, the report is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The base year considered for the study is 2015 and the market size is projected from 2016 to 2021.
MarketsandMarkets projects that the laminated labels market size by value will grow and reach USD 94.49 Billion by 2020 at a CAGR of 4.57% between 2015 and 2020. The market is growing in accordance with the growth trends of the converting and packaging industries. Factors such as increasing demand from fresh food and beverage packaging industry, demand for pharmaceutical supplies, consumer durables, and logistics application, increasing consumer awareness, and growth of the e-commerce industry have propelled the growth of the global laminated labels market.
Micro packaging spans across a significant number of scientific disciplines and impacts various aspects of the end-user industries such as food industry, medical or pharmaceuticals, cosmetics etc. Companies are focusing on adoption of multi-disciplinary approaches to bring innovations by developing nanomaterials that ensure product safety and prolonged shelf life. Though the inventions in the field of micro packaging are at the preliminary stage, it has immense potential to revolutionize the packaging technology with its ability to manipulate materials on the nanoscale to create a host of different properties.
The market for automotive labels is estimated to grow from USD 5.74 Billion in 2015 to reach USD 7.30 Billion by 2020, at an estimated CAGR of 4.93%. The segments considered for this report are based on type, raw material, mechanism, printing technology, identification technology, application, and region. On the basis of type, asset labels held the largest market share, in terms of value, while warning & safety labels were the most widely used labels, in terms of volume, in the automotive labels industry. The identification technology includes barcode, RFID, hologram, and others.
The pressure labels market size is estimated to grow from USD 74.14 Billion in 2015 to USD 92.46 Billion by 2020, at a CAGR of 4.52%. The pressure labels market is growing rapidly in accordance with the growth in the packaging market globally. The use of pressure labels such as release liners and liner-less labels are used in the food & beverage industry. This application is projected to foster the demand for pressure labels during the forecast period.
The market for in-mold labels is projected to grow from USD 2.58 Billion in 2015 to reach USD 3.23 Billion by 2020, at a CAGR of 4.54%. The report aims at estimating the market size and future growth potential of the in-mold labels market across different segments such as material, technology, end use, printing technologies, printing inks, and region. Globally, competition in the in-mold labels market is growing considerably owing to the improvement in labeling technologies such as 3D printing and thermoforming. Label convertors are keen on developing innovative labeling solutions that can withstand harsh weather conditions such as extreme temperature and abrasion. The base year considered for the study is 2014 and the market size is projected from 2015 to 2020.
The global packaging tape printing market is projected to grow from USD 21.42 Billion in 2015 to reach USD 28.78 Billion by 2020, at a CAGR of 6.08% from 2015 to 2020. Printing on the packaging tapes highlights the company’s name and logo, enables ease of stock handling and identification, enhances the visibility of product, and safeguards the merchandise during transit. It also makes the product visually appealing, thereby resulting in instant recognition of the packages.
The air purification market size is estimated to grow from USD 14.46 Billion in 2015 to reach USD 20.65 Billion by 2020, at a CAGR of 7.38%. The segments considered for this report are based on product type, technology, end-use, and region. The segmentation based on product type consists of dust collectors, fume & smoke collectors, vehicle exhaust, mist eliminators, and fire/emergency exhaust, and others including air cleaners, industrial UV systems, and commercial kitchen ventilation systems. On the basis of technology, the report has been segmented into High-Efficiency Particulate Air (HEPA), electrostatic precipitator, activated carbon, and ionic filters, and others which include ultraviolet light air filters and ozone generators. The end-use sectors for air purification systems are automotive, construction, healthcare & medical, energy & utilities, and manufacturing, and others including residential, education, aviation, and hospitality sectors.
The North American packaging tape printing market is projected to grow from USD 5.4 Billion in 2015 to reach USD 7.0 Billion by 2020, at a compound annual growth rate (CAGR) of 5.4% from 2015 to 2020. Printing on the packaging tapes highlights the company’s name and logo, enables ease of stock handling and identification, enhances the visibility of product, and safeguards the merchandise during transit. It also makes the product visually appealing, thereby resulting in instant recognition of the packages. The report aims at estimating the market size and future growth potential of the North American packaging tape printing market across different segments such as product type, material, printing ink, mechanism, end-user industry, and country. The base year considered for the study is 2014 and the market size is projected from 2015 to 2020. The growth of the market has continued to remain robust with a significant number of brand owners harnessing the printing technology in packaging tapes.
The global wet waste management market witnessed a rapid growth from 2013, and is projected to grow at a CAGR of 5.09% during the forecast period from 2015 to reach USD 128.40 Billion by 2020. Asia-Pacific dominated the market, with a share of ~33% in 2014. This market is driven by an increasing competition, aggressive pricing, rising environmental sustainability, increasing waste regulations & safety, and various developments in the waste management technology. The Asia-Pacific region is estimated to become the fastest-growing market for wet waste management.
The paper industry has been dominated by North America for more than a century now. North America is the largest producer as well as consumer of paper & paper products with a yearly per capita consumption of 487 pounds of paper. This region also enjoys significant availability of fiber resources, which enables it to hold the highest position in the global export of pulp & waste paper. The U.S. ranks first in pulp & paper manufacture and exports, globally, followed by Canada. The global waste paper management market is projected to be valued at around USD 43.35 Billion by 2020, and to grow at a CAGR of 2.55% from 2015 to 2020. The commercial sector as a source of waste paper is projected to grow at the highest CAGR from 2015 to 2020.
The global skin packaging market is projected to reach USD 9.67 Billion in 2020, growing at a CAGR of 4.94% from 2015 and 2020. High disposable incomes and changing lifestyles have led to an increase in the consumption of packed goods, which in turn drive the demand for skin packaging. Moreover, with increasing awareness about environmental hazards, the market will adopt technologies to develop sustainable packaging, which is environment-friendly, cost-effective, and requires less resources. The Asia-Pacific region accounted for around 35% of the total market share in terms of value, followed by Europe and North America. The skin packaging market in developing countries such as China and India are projected to grow at a higher rate from 2015 to 2020. China is estimated to grow faster than any other country because of its strong economic growth, along with increase in food consumption and rapid urbanization.
The sustainable packaging market is estimated to reach USD 303.60 billion by 2020, with a projected CAGR of 7.17% from 2015 to 2020. Growth in the packaging industry globally and strict regulations regarding sustainability have fuelled the growth for sustainable packaging. The food & beverage packaging segment has the largest application of sustainable packaging, especially in emerging markets such as China, Brazil, and India.
The market for vacuum packaging has increased since the last decade because of the technological upgradations and innovations in the packaging industry. The global vacuum packaging market is projected to reach USD 27.67 Billion by 2020, at a CAGR of 4.24% from 2015 to 2020. The Asia-Pacific region accounted for the largest share of the total market value in 2014, followed by Europe and North America. The vacuum packaging market in developed countries is well-established; however, markets in developing economies such as China and India are estimated to grow at a higher rate from 2015 to 2020. This is owing to the growing demand for hygienic packaging that ensures product safety and freshness for longer durations.
The shrink sleeve & stretch sleeve labels market is projected to reach USD 13.20 Billion by 2020, at a CAGR of 5.5% from 2015 to 2020. The Asia-Pacific region accounted for the largest share in terms of value, followed by Europe and North America in 2014. In recent years, the Asia-Pacific region has progressed significantly in the shrink & stretch sleeve labels market, which primarily includes emerging economies such as India and China. The main driving forces in the Asia-Pacific region include growth in spending capacity, rising urbanized population, increasing demand for packaged food, easy availability of polymer films, and low labor cast.
Modified atmosphere packaging is the replacement of air in a pack with a single or a mixture of gases wherein the proportion of each component is fixed when the mixture is introduced. High barrier substrates, such as ethylene vinyl alcohol, poly ethylene, oriented polyethylene terephthalate, polyamide, and others, become MAP packages after they are formed into trays, lid stock, or bags, and are filled with a selected blend of oxygen, carbon dioxide, nitrogen, and other environmental gases. The modified atmosphere packaging market is projected to reach $13.78 Billion by 2020 growing at a CAGR of 4.3% during the forecast period from 2015 to 2020.
The market for the global industrial tapes market has increased since the last decade because of the innovations in the industry. The global industrial tapes market is projected to reach USD 58,487.11 Million by 2020, at a CAGR of 6% from 2015 to 2020. The Asia-pacific region accounted for the largest share of the total market value in 2014, followed by North America. The market in developing economies such as China and India are estimated to grow at a higher rate from 2015 to 2020 due to the growing industrialization in these countries.
The primary roles of fresh food packaging market are to protect food products from environmental influencing conditions, physical damage, to contain the food, to provide consumers with ingredient and nutritional information and more importantly, maintain the quality of food as per the predetermined standards. Fresh food packaging is made with materials such as flexible plastic, paper & board, rigid plastic, and metal. The European fresh food packaging industry mainly deals in two main segments of food: vegetables and fruits. The European fresh food packaging market is projected to reach USD 10,578.6 Million by 2020, at a CAGR of 2.13%,
The global metal packaging market is projected to reach $135.69 Billion by 2020, with a CAGR of 3.0% from 2015 to 2020. The North America region accounted for around 34.4 % of the total market share in terms of value, followed by the European and Asia-Pacific regions. In the recent years, Asia-Pacific has tremendously progressed in the metal packaging market which primarily includes emerging markets such as India and China. The North America realm held the majority of share in 2015 and accounted 34.4% of the total market, followed by Europe and Asia-pacific market with the share of 31.6% and 22.5% respectively. The main driving force in North America region is the changing lifestyle and convenience of packaged products. The emerging economies such as India and China have played a vital role in the rising growth rate of the industry.
The market for the global paper & paperboard packaging industry has seen an upward surge since the last decade because of the innovations in the industry. The global paper and paperboard packaging market is projected to reach $213.4 Billion by 2020, at a CAGR of 3.5% from 2015 to2020. The European region accounted for around 33% of the total market share value, followed by the North American and Asia-Pacific regions. However, as the paper & paperboard market in developed countries is getting matured, the market in developing countries such as China and India are estimated to grow at a higher rate from 2015 to 2020. This is because of the high population in the country and the growth in the disposable income of the citizens.
The specialty paper market, in terms of volume, is projected to reach 34,879.08 KT by 2020, growing at a CAGR of around 6.59% from 2015. The market was dominated by Europe in 2014, which accounted for around ~33% of the total specialty paper market in terms of volume. On the other hand, Asia-Pacific is projected to be the fastest-growing market for the period considered for this study, due to growing demand for specialty products and increasing awareness among people.
The global market for stick packaging has witnessed rapid growth from 2011, and is projected to grow at a CAGR of 6.26% during the review period, to reach $316.6 Million by 2020. North America dominated the market, with a share of 41% in 2014; this market is driven by convenience and portability of stick packs, aggressive pricing, rising consumer spending, and shift from rigid to flexible packaging. The Asia-Pacific region is projected to become the fastest-growing market for stick packaging.