Dunnage Packaging Market 2020-2025 | COVID-19 Analysis, Industry Size, Top Key Players, Business Strategies, Share, Revenue, Segments, Future Plans, Trends, Growth, Challenges and Forecast

Market Overview

The global dunnage packaging market was valued at USD 2.8 billion in 2018 and is expected to exhibit a strong 5.1% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global dunnage packaging market is expected to be driven mainly by the growing packaging industry over the world. The major drivers and restraints affecting the global dunnage packaging market are profiled in detail in the report. The major trends in the global dunnage packaging market are also examined in the report. Major players operating in the global dunnage packaging market are also profiled in detail in the report. The impact of the COVID-19 pandemic on the global dunnage packaging market is also examined in detail in the report.

Dunnage packaging refers to packaging that minimizes the movement of the item being packaged during transportation. Dunnage packaging solutions include multiple sections, which can contain multiple parts and thus negate the need for separate packaging for each of the individual parts.

The increasing demand for secure and convenient packaging has been the major driver for the global dunnage packaging market over the last few years. Growing innovation in packaging materials such as paper, cardboard, honeycomb, etc. is likely to be a major driver for the global dunnage packaging market over the forecast period. Due to the growing demand for sturdy packaging, packaging industry giants have made considerable investments in the development of high-grade packaging materials that protect the package and prevent damage from environmental factors such as heat and moisture as well as damage from physical events such as bumping and dropping. Increasing development of foam packaging is also likely to be a major driver for the global dunnage packaging market over the forecast period.

Segmentation:

The global dunnage packaging market is segmented on the basis of material type, end use industry, and region.

By material type, the global dunnage packaging market is segmented into corrugated plastics, molded plastics, aluminum, steel, fabric dunnage, corrugated paper, wood, foams, and others. The corrugated plastics segment dominates the global dunnage packaging market and is likely to retain a dominant share over the forecast period. Corrugated plastics are also known as composite dunnage. They offer the strongest protection against moisture, which is a key enemy for packages. Composite dunnage also protects the package from physical damage, due to its high mechanical strength and tensile strength.

By end use, the global dunnage packaging market is segmented into automotive, aerospace, electronics, food and beverages, consumer goods, and healthcare. The automotive industry holds the largest share in the global dunnage packaging market and is likely to retain its dominance over the forecast period.

Regional Analysis:

Asia Pacific holds the largest share in the global dunnage packaging market and is likely to retain its dominance over the forecast period through till 2025. The growing automotive industry in Asia Pacific and the growing demand for aftermarket automotive parts in the region is the major driver for the dunnage packaging market in the region.

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Bubble Wrap Packaging Market Expected 7.84% CAGR till 2025 | COVID-19 Analysis, Application, Business Opportunity, Industry Size, Global Trends, Profit Growth, Development, Outlook, Demand and Forecast

 Market Overview

The global bubble wrap packaging market is expected to exhibit a strong 7.84% CAGR over the forecast period till 2025, according to the latest research report from Market Research Future (MRFR). The global bubble wrap packaging market is expected to reach a valuation of close to USD 12.3 billion by 2025, according to the report. The report presents a detailed evaluation of the market’s growth prospects over the forecast period. Major drivers and restraints affecting the global bubble wrap packaging market are profiled in detail in the report. Major players operating in the global bubble wrap packaging market are also profiled in detail in the report. The impact of the COVID-19 pandemic on the global bubble wrap packaging market is also assessed in detail in the report.

Bubble wrap packaging is a form of packaging that consists of two layers of polyethylene film, with air entrapped between the two layers to form air bubbles. It is widely used in various packaging applications due to its ability to keep packages safe from moisture and physical damage. Due to the entrapped air, bubble wrap packaging is highly effective in protecting packages from physical damage resulting from accidental drops and other such eventualities. The need to protect packages to a high standard has resulted in a growing demand for bubble wrap packaging from the packaging industry.

Segmentation:

The global bubble wrap packaging market is segmented on the basis of product, application, and region.

By product, the global bubble wrap packaging market is segmented into high-grade bubble wrap, general grade bubble wrap, temperature controlled bubble wrap, limited grade bubble wrap, and others.

By application, the global bubble wrap packaging market is segmented into ecommerce, automotive and allied industries, consumer goods, pharmaceutical, food and beverages, personal care products, and others. The ecommerce segment holds the largest share in the global bubble wrap packaging market and is likely to retain its dominant stake in the market over the forecast period due to the growing scope for ecommerce in the world’s developing economies.

Regional Analysis:

Asia Pacific is likely to dominate the global bubble wrap packaging market over the forecast period due to the growing ecommerce sector in highly populous economies such as China and India. North America holds the second largest share in the global bubble wrap packaging market and is likely to retain an important share in the global market over the forecast period.

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https://www.articletrunk.com/smart-labels-market-2020-covid-19-analysis-application-size-revenue-share-segments-opportunities-business-profit-growth-and-forecast-2021/

https://qntjuo.prnews.io/218860-Electric-Bus-Market-2020-COVID19-Analysis-Impact-Opportunities-Global-Size-Revenue-Segments-Profit-Growth-Target-Audience-Development-and-Forecast-2023.html

Hyper Car Market 2020-2025 | COVID-19 Analysis, Application, High CAGR, Size, Emerging Technologies, Segments, Revenue, Share, Growth, Trends, Challenges and Regional Forecast

 Global Hyper Car Market Information by Propulsion (ICE Vehicle, Electric Vehicle and Hybrid Vehicle), by Application (Racing Competition, Entertainment and others) and by Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2025

Overview

The demand for high speed and fuel efficiency in cars is estimated to create the framework for expansion in the hyper car market 2020. The semiconductors and electronics reports are made by Market Research Future, which includes market options for progress. A 9.3% CAGR is foreseen in the global market through the forecast period.

The enhancements in vehicle speeds are foreseen to create promising opportunities in the hyper car market. The innovations seen in the designs of hyper cars such as the low centre of gravity, aerodynamic nature of designs and ground clearance in hyper cars is estimated to promote further the hyper car market share in the forecast period.

Key Players

The eminent companies in the global hyper car market are McLaren Automotive (UK), Aston Martin Lagonda Global Holdings plc (UK), DescriptionPagani Automobili S.p.A. (Italy), Zenvo Automotive A/S (Denmark), Rimac Automobili (South Korea), Jaguar Land Rover Automotive PLC (US), Koenigsegg Automotive AB (Sweden), Ferrari S.p.A. (Italy), Dr. Ing. h.c.F. Porsche AG. (Germany), Automobili Lamborghini S.p.A. (Italy), Maserati (Italy), BUGATTI AUTOMOBILES S.A.S. (France), and BMW AG (Germany).

Industry Updates:

Jul 2020 The Spyros Panopoulos Project Chaos hypercar, a First of its kind hypercar made-in-Greece which claims a staggering 3,000 hp will be launched shortly. The hypercar will employ a 4.0-litre twin-turbocharged V10 engine that asserts a zero to 100 kmph in an extremely short time interval.

Segmental Analysis

The segmental investigation of the hyper car market is segmented based on application, propulsion, and region. Based on the propulsion, the hyper car market has been segmented into electric vehicle, ICE vehicle, and hybrid vehicle.

Based on the application, the hyper car market has been segmented into entertainment, racing competition, and others. On the basis of regions, the hyper car market has been segmented into are Europe, North America, Asia Pacific, and the other essential regions.

Regional Analysis 

The regional investigation of the hyper car market has been segmented into Europe, North America, Asia Pacific, and the other essential regions. The European region’s hyper car market is estimated to control the hyper car market through the forecast period. The substantial funding of research and development for technologically advanced hyper cars and the increasing preference for the best luxury car brands are generating an advantageous environment for the development of hyper car market, and also the present-day financial circumstances along with the increasing consumer expenditure are the factors anticipated to improve the hyper car market in this region. The hyper car market in the Asia Pacific is likely to record the maximum development throughout the forecast period owing to the expanding concentration of automotive OEM’s and technology pioneers on testing, investing, and mass-producing hyper cars in chief countries, such as Japan, China, and India.

Competitive Analysis

The support from government bodies is estimated to promote further the long term expansion of the market in the upcoming period. The consumer trends that are of special concern to demand are predicted to take time to stabilize in the aftermath of the current global pandemic. The investments related to marketing and R & D are foreseen to be staggered seeing the current economic climate. However, the market is predicted to be hindered to an extent by the restrictions in international trade due to the pandemic. The global market is estimated to be piloted by the forces of supply and demand that have taken over control. The contenders functioning in the market are predicted to take necessary steps to safeguard their commercial interests in the period ahead. The economic deceleration is projected to carry the continuation of the effects seen these days commonly. The transformation in the supply chain has to be strongly encouraged, so as to see positive effects with regards to market progress.

Table of Contents

1.Executive Summary

2.Scope of the Report

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Definition

2.2.2. Research Objective

2.2.3. Assumptions

2.2.4. Limitations

2.3. Research Process

2.3.1. Primary Research

2.3.2. Secondary Research

2.4. Market Size Estimation

2.5. Forecast Model

3.Market Landscape

3.1. Porter’s Five Forces Analysis

3.1.1. Threat of New Entrants

3.1.2. Bargaining Power of Buyers

3.1.3. Threat of Substitutes

3.1.4. Segment Rivalry

3.1.5. Bargaining Power of Buyers

3.2. Value Chain/Supply Chain Analysis

4.Market Dynamics

4.1. Introduction

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Technology Trends

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https://qntjuo.prnews.io/217291-AllWheel-Drive-Market-2020-COVID19-Analysis-Application-Global-Size-Emerging-Technology-Segments-High-CAGR-Growth-Industry-Trends-and-Forecast-2023.html

 

Pallet Racking Market 2020-2025 | Global Size, Business Opportunities, Strategies, Industry Analysis by Top Players, Financial Overview, Demand, Growth, Challenges, Value and Forecast.

 Global Pallet Racking Market Research Report: Information by System (Conventional, Mobile Racking, Shuttle Racking and Hybrid/Customized Racking), Racking System Type (Cantilever Racking, Selective Racking, Push Back Racking, Drive-In Racking, Pallet Flow Racking, Carton Flow Racking and others), Frame Load Capacity (Up to 5 Ton, 5–15 Ton and Above 15 Ton), End-Use Industry (Automotive, Food & Beverage, Retail, Manufacturing, Warehouse & Logistics and others) and Region (North America, Europe, Asia-Pacific and South America) - Forecast till 2025.

Market Overview

The rapid growth in logistics and warehousing industries has increased the demands for proper space management. Pallet racking systems have decreased the complications and adoption of advanced systems. The rapid rise in the e-commerce segment has increased the sizes of warehouses, which can create problems for sorting the right products at the right time and will damage the working process. The swift rise in demand for cost-effective alternates with maximum efficiency has provided significant growth to this market.

The rapid rise in the food & beverage industry has also boosted the market as this industry is going through rapid global expansion. Increasing adoption of automation procedures free from human errors has increased the use of such systems and is getting a reasonable response from all industries. The emerging economies will provide the maximum growth opportunities to this market and will cover the maximum part of the market due to vast opportunities. The companies invest in research & development programs to unfold the new aspects, imposing an extra load on the market and helping the market gain accelerated speeds.

Apart from the uses and features, the global pallet racking market faces challenges from high investment costs included, which has restrained the global market growth. This report offers a complete outlook on the opposition, opportunities, drivers & restraints, and other factors affecting the neighbourhood and global pallet racking marketplace. The worldwide market is anticipated to sign in approximately 07 % annual growth in this era.

Key Players

The Key Players in the global pallet racking market include Elite Storage Solutions (US), Ridg- U-Rak (US), Averys (France), AR Racking (Spain), Daifuku (Japan), SSI SCHAEFER (US), Hannibal Industries (US), Mecalux (Spain), KION Group (Germany), Steel King (US), Advance Storage Products (US), and Unarco Material Handling (US).

Industry News

The global pallet racking market is growing at considerable speeds due to the increasing demands for smart technologies, rapid industrial growth, and the logistics market's development. Currently, the Asia Pacific region is leading the market and will lead the group with the highest growth rate. The hybrid racking and selective racking system segments are leading the market and will grow with the highest growth rates at the same time.

Market Division

The global pallet racking market is segmented into classes as follows:

The global pallet racking market is categorized as mobile racking, shuttle racking, conventional racking, and others based on system type.

The global pallet racking market is categorized as elective racking, cantilever racking, carton flow racking, and others based on types of racking systems.

The global pallet racking market is categorized among manufacturing, retail & e-commerce, automotive, food & beverage, and others based on end-users.

Regional Classification

The pallet racking market has gained global adoption due to the rapid expansion of logistics & warehousing industries, fast adoption of automation systems, and demands for cost-effective techniques. The global pallet racking market is divided into North America, the Asia Pacific, Europe, and the rest of the world. The Asia Pacific region is presently leading the market and will file the fastest growth due to the rapid expansion of the pallet racking industry, rapid urbanization, the rapid development of economies, rapidly developing industrial structures, and other factors with rapidly developing economies like India, China and others among the major contributors.

Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining Power of Buyers

3.1.3 Threat of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

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https://freepressreleasedb.com/pr/Door-Control-Modules-Market-2020-2025-COVID-19-Analysis-Size-Share-Emerging-Technologies-Industry-Trends-Revenue-Segments-Growth-PR155062/

Electric Vehicle Powertrain Market expected 16 % of High CAGR by 2020-2025 | COVID-19 Impact Analysis, Business Opportunities, Strategies, Size, Share, Profit Growth and Forecast.

 Global Electric Vehicle Powertrain Market Research Report: Information, by Component (Battery, E-Motor, Power Electronics, Thermal Management Modules and others), Propulsion (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicles (PHEV)), Vehicle Type (Passenger Car and Commercial Vehicle) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2025.

Overview

The global electric vehicle powertrain market is witnessing a considerable rise in its size. The market growth attributes to the advent of electric vehicles and usages of powertrain systems in EVs to increase electric mobility and reduce the costs of operations. Besides, the increase in production and sales of electric cars and stringent emission regulations, drive the growth of the market. Moreover, increasing new energy vehicles (NEV) demand escalates the market demand to furthered height.

According to an eminent research firm, Market Research Future (MRFR), the global electric vehicle powertrain market is poised to reach USD 120 BN by 2025. In its recent COVID 19 analysis on the EV powertrain market, MRFR also asserts that the market would register 16 % CAGR throughout the anticipated period (2019 – 2025).

Improving electric vehicle infrastructures in countries like China, South Korea, Japan, the US, and Germany substantiates market growth.

Increasing production of EVs means a growing need for rehauling the entire ecosystem and architecture of a vehicle and its surrounding environment. Besides, Carbon emission increased exponentially across the world over the past decades, push the market demand and hence, sales in the global EV powertrain market. Though it would take some time to develop zero carbon emission vehicles, electric vehicles are certainly one of the greener alternatives with fewer lifecycle emissions.

Governments across the world are fuelling the research projects to optimize components and test & simulation toolkits for powertrains, which in turn drive the market growth significantly. These researches to integrate ultra-high-speed motor solutions attract substantial investments, bringing about the development of innovative technologies next-generation mobility solutions. Conversely, high prices of EVs are significant factors slowing the growth of the market.

Major Players: 

Players leading the global electric vehicle powertrain market include EPT Co., Inc. (South Korea), ZF Friedrichshafen AG (Germany), WEG (Brazil), IET S.p.A. (Italy), Bonfiglioli Riduttori S.P.A (Italy), Automation Tooling Systems Inc. (Canada), NXP Semiconductors (the Netherlands), GKN PLC (UK), Robert Bosch GmbH (Germany), Continental AG (Germany), BorgWarner Inc. (US), AVL List GmbH (Austria), Magna International Inc. (Canada), Mitsubishi Electric Corp (Japan), and Dana Incorporated (US), among others.

Segmentation

The report is segmented into four dynamics;

By Component: Battery, E-Motor, Power Electronics, Thermal Management Modules, and others.

By Propulsion: Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicles (PHEV), and others.

By Vehicle Type: Passenger Car, Commercial Vehicle, and others.

By Regions: Asia Pacific, North America, Europe, and Rest-of-the-World.

Regional Analysis

Asia Pacific dominates the global electric vehicle powertrain market. The market growth attributes to the massive increase in the production and sales of e-vehicles in the region. Besides, the increased installation of powertrain system and solutions in electric vehicles drive the market growth. Private and public organizations' growing investments and the rise in demand for safety features in vehicles foster the growth of the market.

Furthermore, increasing researches bring up developments of electric vehicle powertrains, such as power inverters and power modules, to boost the market growth. China holds a significant share in the regional market, followed by India. India launched FAME I, FAME II, and various tax concession schemes to promote electric vehicles. The APAC electric vehicle powertrain market is projected to retain its dominance throughout the assessment period.

North America stands second in the global electric vehicle powertrain market. The market is driven by the growing demand for electric vehicles with a low operating cost. Moreover, the increased government backing and support for the development of the EV powertrain industry push the regional market growth. Also, investments in research and development, large potential consumer base in the US, and Canada create a huge demand for environment-friendly vehicles, contributing to the EV powertrain sales.

Europe, too holds a considerable share in the global electric vehicle powertrain market. The market is driven by regulatory laws such as the European Union (EU) implemented to minimize vehicle emissions. Besides, and timelines for creating zero-emission zones in countries like the UK and France increase the demand for electric vehicles to foster the growth of the regional market. Furthermore, favourable incentives policies to buy electric trucks propel the growth of the market in the region.

Competitive Analysis  

Highly competitive, the electric vehicle powertrain market appears fragmented due to the presence of several well-established players. These players incorporate strategies like mergers & acquisition, collaboration, technology/product launch, and expansion, to gain a larger competitive share. With the industry, technologies, and EVs changing faster than ever before, research projects to optimize components and test & simulation toolkits for powertrains have become crucial. 

Many researches to integrate ultra-high-speed motor solutions has opened up substantial investment opportunities for the market players. Industry players are investing substantially to develop innovative technologies that can ease the challenges of next-generation mobility solutions. 

Industry/ Innovation/ Related News

August 05, 2020 ----- Middle Ground Capital, a private equity firm, announced the acquisition of majority ownership of Dura Automotive Systems. With the addition of Dura's engineering capabilities, Middle Ground would help develop next-generation products of superior quality. 

Dura operates through its mechatronics, lightweight structures, and exterior trim segments. It makes shift-by-wire actuators, advanced driver-assistance systems (ADAS), and electric vehicle (BEV) battery trays, mechatronic control systems, and others. It supplies leading automotive OEMs and Tier one companies globally with more than 300 platforms across all light vehicles and powertrain types.

August 08, 2020 ----- Bentley Motors announced its project - OCTOPUS that aims to deliver e-powertrain of the future transforming electric vehicle powertrains with a fully integrated, free from rare-earth magnet e-axle that supports electric vehicle architectures. OCTOPUS project is funded by the British Department for Low Emission Vehicles and would be conducted in collaboration with Innovate UK.

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Pharmaceutical Packaging Market 2020 | Application, COVID-19 Analysis, Business Opportunity, Size, Trends, Financial Overview, Segments, Future Scope, Development, Demand and Forecast 2023

 Global Pharmaceutical Packaging Market Research Report: Information by Material (Plastic, Paper & Paperboard, Glass), Type (Bottle, Aerosol Pack, Tubes, Blister Pack, Sachets), Packaging (Rigid, Flexible, Semi-rigid), Application (Generic Drugs, Branded Drugs, Medical Tools & Equipment, Test Kits, Nutraceuticals), and Region - Forecast till 2023.

Market Overview

The global pharmaceutical packaging market is expected to exhibit a strong 6.51% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global pharmaceutical packaging market is mainly driven by the growing pharmaceutical industry around the world. The major drivers and restraints acting on the global pharmaceutical packaging market are profiled in detail in the report. The competitive landscape of the global pharmaceutical packaging market is also examined in detail in the report.

Major players operating in the pharmaceutical packaging market are profiled in the report. The impact of the COVID-19 pandemic on the global pharmaceutical packaging market is also examined in the report. Pharmaceutical packaging comprises various types of packaging used to store and transport pharmaceutical products. Pharmaceutical products need to be resistant to environmental corrosive agents such as moisture and sunlight. Pharmaceutical products may often have a sensitivity to sunlight.

Due to this, pharmaceutical packaging products need to protect the products from intense sunlight. Keeping out dust is also a major concern in pharmaceutical packaging, as dust can compromise the chemical formulation of the pharmaceutical product. The growing need for effective protection for pharmaceutical products during transportation and storage is likely to be a major driver for the global pharmaceutical packaging market over the forecast period. Many companies in the global pharmaceutical packaging market are investing significant amounts in product innovation in order to come up with more secure forms of pharmaceutical packaging. The growing demand for effective, secure pharmaceutical packaging products is likely to be a major driver for the pharmaceutical packaging market over the forecast period.

The growing pharmaceutical industry is also likely to be a major driver for the global pharmaceutical packaging market over the forecast period. The pharmaceutical industry has been driven by the growing prevalence of contagious and chronic diseases around the world. The rise of super bacteria that are resistant to conventional medication has driven the demand for stronger pharmaceutical formulations that can deal with the problem. This has been a key driver for the pharmaceutical industry in recent years. Growing air pollution around the world has also led to an increasing prevalence of respiratory disorders in recent years. This has also been a key driver for the pharmaceutical packaging market over the last few years. Increasing prevalence of lifestyle diseases such as diabetes and obesity has been a major driver for the global pharmaceutical industry. The growing pharmaceutical industry is thus likely to be a major driver for the global pharmaceutical packaging market over the forecast period.

Competitive Leader board:

Leading players in the global pharmaceutical packaging market include Gerresheimer AG, Comar LLC, International Paper, Avery Dennison Corporation, CCL Industries Inc., Berry Global Inc., WestRock Company, West Pharmaceutical Services Inc., Sonoco Products Company, Owens-Illinois Inc., Schott AG, and Amcor Limited.

Segmentation:

The global pharmaceutical packaging market is segmented on the basis of material, type, packaging, application, and region.

By material, the global pharmaceutical packaging market is segmented into plastic, paper and paperboard, glass, and others. Plastic is likely to remain the major material type in the pharmaceutical packaging market over the forecast period due to its inertness to chemicals.

By type, the global pharmaceutical packaging market is segmented into bottles, aerosol packs, tubes, blister packs, sachets, parenteral vials and ampoules, prefilled syringes, caps and closures, and others.

By packaging, the global pharmaceutical packaging market is segmented into rigid packaging, flexible packaging, and semi-rigid packaging.

By application, the global pharmaceutical packaging market is segmented into generic drugs, branded drugs, medical tools and equipment, test kits, nutraceuticals, and others.

Regional Analysis:

North America and Asia Pacific are the major regional markets for pharmaceutical packaging, the former due to the high level of innovation ongoing in the pharmaceutical packaging market in the region, and the latter due to the growing volume of the pharmaceutical industry in the region. Europe is the third largest regional market.

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Recyclable Packaging Market 2020 | COVID-19 Analysis, Business Opportunity, Global Size, Share, Growth, Trends, Strategies, Financial Overview, Segments and Regional Forecast 2025

 Global Recyclable Packaging Market Information by Material Type (Glass, Paper, Plastic, Tinplate, Wood, Aluminium, Biodegradable Plastic and Recycled Papers), Packaging Type (Paper & Cardboard, Void Fill Packing, Bubble Wrap and Pouches & Envelopes), End-Use Industry (Healthcare Industry, Personal Care & Cosmetics Industry and Food & Beverages Industry) and Region (North America, Europe, Asia- Pacific, Middle East & Africa and South America) Forecast till 2025

Overview:

The global study of the recyclable packaging market reveals the possibility of recording 4.1% CAGR during the forecast period of 2019 to 2025. Market Research Future (MRFR) identified factors like the growing demand for eco-friendly measures, consumer awareness regarding the environmental crisis, availability of proper technological support, easy inclusion of advanced technologies, financial backing, the better scope for research and development, and others. The introduction of bioplastics can boost the growth of the market further. However, these packaging modes lack durability, which might hold back the market in the coming years. 

Competitive Landscape:

Ebro Colour GmbH (Germany), Graham Packaging Company (US), Salazar Packaging, Inc.(US), Lacerta Group, Inc. (US), APP (Asia Pulp & Paper) (Indonesia), Amcor (Australia), 3M (US), Avery Dennison Corporation (US), American Packaging Corporation (US), BASF SE (Germany), and others impact the recyclable packaging market with their strategic developments. 

Industry News:

In August 2020, Sir Kensington’s, a well-known company for being a manufacturer of condiments and dressings, announced that it had set initial impact targets that are focused on responsible packaging, sustainable agriculture, and team impact. The company is planning to achieve 100% recyclable and 100% recycled content in rigid plastics and fibre by 2022. The company is currently using 3.5% post-consumer recycled (PCR) plastic, which can be considered a stepping stone for the market.

In August 2020, DS Smith, a market leader in sustainable packaging, and Aquapak, a company known for its innovative development of biodegradable polymer, announced a teaming up to initiate the development of the next generation of packaging solutions. This collaboration aims to provide sustainable fibre-based packaging solutions with the ability to replace hard-to-recycling packaging, resulting from a combination of materials like cardboard and plastic.

In August 2020, Magnum, Unilever’s ice cream brand, announced the rollout of around 7 million recyclable ice cream tubs. These tubs are made of recycled polypropylene (rPP), which is the result of the company’s endeavours to take an eco- friendly route. The plan saw initial success in Belgium, Spain, and the Netherlands in 2019. 

The COVID-19 crisis is expected to make people more eco-friendly as a lot of scientists are of the opinion that this spreading of the coronavirus has a direct connection with global warming. This could bolster the global recyclable packaging market.

Segmentation:

The global recyclable packaging market includes a proper understanding of several segments like packaging type, material type, and end-use industry. 

By material type, the global recyclable packaging market includes paper, plastic, glass, wood, biodegradable plastic, aluminium, tinplate, and recycled papers. The plastic segment or the recyclable packaging bags had the largest market share in 2018 and has the chance to register the highest CAGR during the forecast period.

The report on the global recyclable packaging market by packaging type depends on a study of bubble wrap or recycle bubble wrap, void fill packing, paper & cardboard, and pouches & envelopes. The paper & cardboard segment dominated the global market in 2018 and is deemed to record the highest CAGR over the review period.

By end-use industry, the study of the recyclable packaging market includes the personal care & cosmetics industry, healthcare industry, and food & beverage industry. The food & beverage industry segment had the lead in 2018.

Regional Analysis:

Asia Pacific is expected to continue its market dominance during the forecast period. This region is known for its growing industries and a huge consumer base, which are directly impacting the market. In Europe and North America, stringent regulations will play a favourable role in the recyclable packaging market. 

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining Power of Buyers

3.1.3 Threat of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

Continues…..

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