Global outlook of the high-barrier pouches market
According to the market research analysts at Technavio, the global high-barrier pouches market is anticipated to witness impressive growth at a CAGR of close to 7% over the forecast period. There is a high rate of adoption of stand-up pouches across a wide range of markets, from consumer packaging to industrial applications. These pouches are primarily used for packaging ready-to-eat food, curries, sauces, and other convenience food. With growing urbanization and busy schedules of people in the emerging markets, the ready-to-eat food market will witness rapid growth during the predicted period. Also, high barrier pouches have exceptional resistance properties that prevent decay, resulting in the longer shelf life of consumables. The stand-up pouches not only have a shelf-space look but also possess functionality aspects like a flat front for printing and graphics, lightweight, easy-to-use, resealable closures, valves and spouts, and large holding capacities. Furthermore, the vendors in the market are investing in technology and equipment advancements for increasing the production efficiencies for stand-up pouches, which will contribute to the growth of this market in the coming years.
The augmented demand for single-serve beverages is one of the upcoming trends that is likely to boost this market’s growth during the predicted period. In the beverage segment, the single-serve products share has become a prominent part of customer convenience and is providing huge opportunities for beverage manufacturers to reach a larger market. For instance, Mars Drink has launched single-serve coffee pouches named Steel Horse Coffee, which is targeted to offices. Moreover, the
Overview of the global packaging tapes market
Technavio’s market research analyst predicts the global packaging tapes market to grow at a CAGR of more than 5% by 2020. Packaging tapes are used across several industries and have to undergo extreme weather conditions during transportation. These challenges have pushed vendors to introduce innovative products such as light-weight tapes and UV-resistant tapes. Manufacturers are using machinery and converters for tape and substrate processing as these technologies reduce the time taken by the products to reach the market. The new packaging tapes offer absolute transparency, high aging resistance, good adhesion, and clean positioning. The acrylate-based pressure-sensitive adhesives provide trouble-free labeling at exceptionally low temperatures, and ultra-violet acrylate adhesives enable high aging resistance. Additionally, the market is witnessing the demand for printed packaging tapes because of the growing need to differentiate products for easy identification and marketing purposes.
APAC will be the fastest-growing region in the market and is anticipated to grow at a CAGR of around 6% during the forecast period. The high purchasing power of people in countries like China and India has increased the demand for different retail and food products and beverages, resulting in the rapid growth of packaging tapes. China is the dominating nation in the packaging tapes market in APAC because of the large scale
Overview of the global metal caps and closures market
Technavio’s market research analyst predicts the global metal caps and closures market will grow at a CAGR of more than 5% by 2020. Several companies in the market are introducing caps and closures that enhance the ease of use, transport, and disposal. Consumers are opting for value-added caps and closures such as dispensing closures and tamper-evident closures as they aid in easy dispensing and resealing. Companies are coming up with attractive designs and different varieties of caps to entice the consumers. Consumer preferences, product features, and material compatibility have been major factors in the manufacturing of caps and closures. The increased demand for aesthetically appealing products and attractive packaging, especially in the alcoholic beverage industry, will increase the demand for metal caps and closures during the forecast period.
Packaging and aesthetic appeal is a major determinant of consumers' buying decision and a differentiating factor. The growing focus on specialty beverages such as energy drinks, flavored water, and ice-cream drinks have increased the demand for beverages packaging. This has subsequently surged the demand for metal caps and closures. Vendors are coming up with innovating packaging solutions for beverages in terms of functionality and convenience. The rising demand for value-added closures and tamper resistance properties will augment the usage
Outlook of the global light metal packaging market
Technavio’s market research analyst has estimated the global light metal packaging market to grow steadily at a CAGR of more than 2% over the forecast period. One of the primary factors propelling the growth prospects for this market is the increasing demand from the healthcare industry. This industry has an on-going requirement for high-quality packaged products; for instance, prefilled syringes are extremely sensitive to microorganisms, and therefore, need to be packaged using premium quality materials so they are safe to use until delivery or use. These syringes are rapidly being adopted in pharmaceutical enterprises as they have several applications, such as in emergency wards during critical care of patients. Moreover, the increasing R&D in the healthcare sector is also anticipated to contribute to this market’s growth in the coming years.
In this industry research report, the analysts have estimated factors such as the increasing adoption of lightweight packaging to spur the growth prospects for this market until the end of 2020. Research and development teams of metal packaging vendors are striving to produce packaging materials that are light and easy to carry. Reducing the weight of packaging material and modifying pack formats to lighter configurations also allow vendors to reduce the cost of transportation, which in turn is expected to drive the growth of this market over the forecast period.
Product segmentation and analysis of the light metal packaging market
- Caps, stoppers, and lids
- Aluminum boxes, casks, and drums
- Steel and iron cans
- Crown corks
- Collapsible tubular aluminum containers
During 2015, the caps, stoppers, lids, and other packaging
Market outlook of the global returnable transport packaging market
Technavio’s research analyst predicts the global returnable transport packaging market to grow at a CAGR of around 7% between 2016 and 2020. The market growth is driven by the increasing demand for modern grocery retailing. There is a huge demand from developing countries, with small cities offering a lot of scope with the growth of online retail. Returnable transport packaging helps to minimize the cost of the vendors by providing efficient supply chain solutions. It provides vendors advantages such as reduced storage and transportation costs, disposal costs, labor costs as well as protects the product and reduces damage, thereby decreasing the unit cost of production. Countries such as the US is already making use of returnable transport packaging for transportation of food stocks. For instance, vendors such as Walmart and Publix are making large-scale use of returnable transport packaging products in mature markets.
The technological advancements occurring in this market are expected to boost market growth during the forecast period. The vendors in the global returnable transport packaging market are increasing their expenditure on R&D to improve the material handling processes of the supply chain. For instance, Schoeller Allibert, a key vendor, has introduced a new product named Magnum Optimum, which is a foldable large plastic container, is lightweight, strong, and can be reused for several purposes.
Segmentation by product type and analysis of the returnable transport packaging market
- Drums and barrels
- Support products
The containers segment dominated the market during 2015. Containers are available in a broad range of
Overview of the global parenteral products packaging market
Technavio’s market research analyst predicts the global parenteral products packaging market to grow at a modest CAGR of close to 10% during the forecast period. One of the key market drivers is the rise in the older population. As a part of the aging process, routine screenings for health issues such as hypertension, diabetes, arthritis, and cardiovascular diseases become necessary. The availability of minimally invasive tests plays a vital role in the early diagnosis and treatment of these issues and other health conditions. Increased use of lab tests will continue to contribute towards the growth of the parenteral products packaging market through the forecast period.
In this industry report, the analysts have estimated trends such as the increased use of cyclic olefin copolymers (COC) and cyclo-olefin polymers (COP) plastics to spur market growth during the estimated period. These materials provide better barriers compared to conventional plastics as they have low density, excellent moisture barrier capabilities, and resistance to aqueous media. COP materials are increasingly used in applications where products with high viscosity require high strength to ensure the drug’s safety. Adoption of such safety measures by vendors will have a positive impact on the growth of the parenteral products packaging market during the forecast period.
Product-based segmentation of the parenteral products packaging market
- Prefilled syringes
- Prefillable inhalers
- Parenteral vials and ampoules
- Medication tubes
The prefilled syringes segment dominates the parenteral products packaging market and is expected to grow at a CAGR of close to 12% during the forecast period. These syringes are becoming more
Packaging plays a significant role in transportation and warehousing, and is an important aspect of the distribution chain. The global packaging industry is highly innovative because of the technologies used to enclose and preserve products during storage and sale.
Market research into the packaging sector is broadly segmented into rigid packaging and flexible packaging.
Flexible packaging is experiencing a huge boom in popularity thanks to its light weight, which results in lower shipping and handling costs.
Technavio’s packaging portfolio includes market reports on rigid packaging (metal, glass, and rigid plastics), flexible packaging (plastics, papers, and foils), packaging machinery, and processing machinery.