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Corrugated Packaging Market Analysis, Growth, Trends, Forecast 2026
Global Corrugated Packaging Market: Overview
Corrugated packaging products combine cushioning with structural rigidity, providing excellent protection to fragile or heavy contents from damage. Their lightweight and clean nature help lower shipping costs. The high-impact graphics possible on corrugated packaging products help enable improved brand awareness, thus helping improved sales. Moreover, corrugated packaging products are made from recycled card board boxes and other waste products from the paper industry. The reprocessing and recycling percentage of corrugated packaging products is also high, making them an environment-friendly packaging option.
The market is expected to witness an excellent upward growth trajectory over the period between 2018 and 2026, chiefly owing to the massive rise in demand for corrugated packaging boxes in the thriving global e-commerce industry. This report gives a forward-looking perspective of the market, and furnishes qualitative as well as quantitative data pertaining to the key segments of the market.
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Global Corrugated Packaging Market: Trends and Opportunities
As mentioned above, the thriving global e-commerce industry is expected to emerge as the leading growth driver for the global corrugated packaging market. Owing to features such as low weight, excellent strength, and recyclability, e-commerce companies are increasingly adopting corrugated packaging products for safe product delivery. Moreover, the market has also witnessed a steady rise in adoption from the organized retail sector in the recent past. As the numbers of supermarkets and hypermarkets rise across emerging economies in regions such as Asia Pacific and Latin America, in response to changing consumer lifestyles and rising disposable incomes, the uptake of corrugated packaging products is also expected to surge.
On the flip side, there are a certain factors that hinder the growth prospects of the market to a certain degree, chief ones being the unsuitability of corrugated material for the packaging of a variety of products and concerns regarding the durability of corrugated packaging products. It is often noted that conventional corrugated packaging products do not withstand harsh indoor and outdoor weather conditions as efficiently as other packaging products, thus posing damage dangers to fragile products or electronic products.
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Global Corrugated Packaging Market: Market Segmentation
The report segments the global corrugated packaging market on the basis of criteria such as box type, application, and geography. Based on application, the market has been covered for industries such as food and beverages, automotive, health and hygiene, electronics, consumer goods, and pharmaceuticals.
Based on the type of box, the market has been covered for varieties such as folding box, slotted box, telescope box, and rigid box. Of these, varieties such as folding and rigid boxes witness high demand across the retail and e-commerce sectors. Thus in parallel to the exponential growth being witnessed by the e-commerce sector globally, these segments are also expected to perform excellently over the forecast period.
Global Corrugated Packaging Market: Regional Outlook
From a geographical standpoint, the report covers the market for corrugated packaging across regions such as Latin America, Europe, Asia Pacific, North America, and Middle East and Africa. Presently, North America and Asia Pacific are the leading regional markets for corrugated packaging products. While the market in North America will witness steady expansion over the report’s forecast period as well, the market in Asia Pacific is expected to witness a massive surge owing to rising growth opportunities in the region’s thriving e-commerce industry and a rapidly expanding organized retail sector. The market in Middle East and Africa is also expected to expand at a promising rate over the forecast period.
Global Corrugated Packaging Market: Market Players
Some of the leading companies operating in the global corrugated packaging market are DS Smith, U.S Corrugated Inc., Mondi Group, Georgia- Pacific, and Smurfit Kappa Group.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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Luxury Rigid Box Market Analysis, Size, Share, Growth, Trends, Forecast 2025
Introduction
Luxury rigid boxes are popularly used for packaging of consumer goods including luxury pens, watches, electronic accessories, confectionery foods, cosmetics, etc. Since 2012, manufacturers in China and India have invested considerably in increasing their production capacity of luxury rigid boxes. Revolutionary boom in mobile phones and mobile phones accessories have encouraged many small and local manufacturers to enter the luxury rigid box market in India and China. The global market for luxury rigid box market is characterized by presence of small to mid-size manufacturer along with established multinational players. Manufacturers of luxury rigid box cater to client base, particularly operating in the sweet and confectionary food products market. The global market for sweets, confectionery and other food products is expected to witness growth due to evolution in the product offerings by food product manufacturers. Luxury rigid boxes are different from conventional paperboard boxes or folding cartons in terms of design, strength, visual quality and overall packaging functionality. Visual quality and material properties of luxury rigid boxes result in end user preference for product packaged in luxury rigid boxes.
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Global Luxury Rigid Box Market: Market Segmentation
The global luxury rigid box market is segmented as per product type, by design and by application type.
As per the product type, the global luxury rigid box market is segmented as follows:
Telescopic Luxury Rigid Box
Two Piece Luxury Rigid Box
Hinged Lid Luxury Rigid Box
As per design type the global luxury rigid box market is segmented as follows:
Round & Oval Luxury Rigid Box
Square Shaped Luxury Rigid Box
Other Shaped Luxury Rigid Box
As per the application type, the global luxury rigid box market is segmented as follows:
Food
Baker’s Confectionery
Sugar Confectionery
Other Food Products
Consumer Goods
Electronics
Jewellery
Cosmetics
Others
Global Luxury Rigid Box Market: Market Dynamics
The global market for luxury rigid box is expected to witness considerable growth during the forecast period, particularly drive by demand from confectionery food products manufacturers. Popular confectionery food products that are packed and transported in luxury rigid box include sugar candies, nuts, chewing gum, ice creams, etc. Apart from sugar confectionaries, luxury rigid boxes are also used for packaging of baker confectioneries such as cakes, cookies, doughnut, pastries, etc. Demand for baker confectionary constitutes prominent market segment in the global market for luxury rigid boxes. Apart from food products, luxury rigid boxes are also used for packaging of electronic goods, consumer goods, cosmetics, jewellery, etc. Manufacturers of luxury rigid boxes invest in high quality material requirements and technologically advanced printing capabilities in order to deliver visually appealing luxury rigid boxes to their clients.
The global market for luxury rigid box is characterized by supply of products in extensive range of designs particularly segmented as telescopic luxury rigid box, two piece luxury rigid box and hinged lid luxury rigid box.
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Global Luxury Rigid Box Market: Regional Outlook
Geographically, the global luxury rigid box market is segmented into 7 key regions including North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East and Africa (MEA).
Global Luxury Rigid Box Market: Key Players
Some of the players operating in the global luxury rigid box market include Burt Rigid Box, Inc., Pragati, Bell Printers, ACG Ecopak, Taylor Box, Guangzhou Fetching Color Printing & Packaging Co., Ltd., Shenzhen Xinda Packaging Co., Ltd., Dongguan Fullbright Industry Company Limited, Guangdong Jin Wei Da Colour Printing Co., Ltd., Guangzhou Yison Printing Co., Ltd., Dongguan Crown Win Package Co., Ltd. and Shenzhen CyGedin Printing & Packaging Co., Ltd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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Bagasse Plates Market - Industry Trends, Competitive Landscape and Forecast by 2028
Bagasse Plates Market: An Overview
Bagasse plates are commonly known as sugarcane plates. Bagasse is the fibrous residue left over after juice is squeezed from the sugarcane. Bagasse tableware and plates are the perfect solutions for picnics, office supplies, and events where disposable food services are needed. Bagasse plates are the best alternative to non -biodegradable plastic plates which is manufactured using petroleum-based products and are harmful to the environment. The production of bagasse plates is similar to other pulp molded production. Bagasse plates is sturdier than paper plates and is fully compostable. Bagasse plates made from compostable materials combine the convenience and flexibility of disposable food containers along with the environmental benefit of being biodegradable. Consumers are more concerned about the negative impact of plastic plates on the environment and are moving for eco-friendly bagasse plates. Bagasse plates are available in different sizes and shapes ranging from small plates to larger ones available with lids that are well suited for a party or catering to a large number of people.
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Bagasse Plates Market: Dynamics
Bagasse plates are the best alternative to paper plates as finding an adequate amount of fiber to produce the paper pates will be a challenge for paper-based industries. The paper industries are finding bagasse as the alternative to wood fibers to create napkins, toilet paper, and cardboard. As bagasse plates are suitable for hot and cold food and are microwave friendly, it is trending in the market. Increase in e-commerce reflects an increase in bagasse plates market. Considering the convenience aspect, the online sales channel is expected to provide new opportunities, as manufacturers of bagasse plates can reach customers in inaccessible areas. Government organization, are working in the partnership with the companies that are focusing on developing eco-friendly products which is providing the pathway to bagasse plates market. Increasing the number of restaurants is increasing the bagasse plates market. The profitability margin of bagasse plates are higher as compared to other consumable tableware, and entrepreneurs are finding it as the best alternative to entering the local market which is boosting the bagasse plates market. The restraining factor for the bagasse plates is its single use as more preference is given to reusable which may hamper bagasse plates market. The price of the bagasse plates is twenty to twenty-five percent higher than other disposable plates which are restraining the bagasse plates market.
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Bagasse Plates Market: Segmentation
Globally, the bagasse plates market is segmented on the basis of material type, colour, and end use, which are further segmented as follows:
On the basis of shape, the bagasse plates market is segmented as:
Rectangle
Square
Round
On the basis of type, the bagasse plates market is segmented as:
Plane plate
Partitioned plate
On the basis of end use, the bagasse plates market is segmented as:
Restaurants
Cafeteria
Office
Bagasse Plates Market: Regional Outlook
Latin America is expected to have the largest share in global bagasse plates market. Brazil from Latin America is the largest producer of sugarcane in the world which is expected to have the largest market share in Latin Americas bagasse plates market. Emerging economies like India and China from APEJ region is expected to have maximum share in the bagasse plates market. India and China are the second and third largest producer of sugarcane respectively. Furthermore, the North America Region is expected to reflect significant growth potential regarding adoption and demand of bagasse plates market. Various government initiatives for use of eco-friendly products is further expected to fuel the growth of bagasse plates market.
Bagasse Plates Market: Market Players
Some of the key manufactures of bagasse plates are as follows:
EcoSave
Vegware
Nova Envirocom
EcoPack
Little Cherry Ltd.
Saattvic EcoCare Products
Bamblu llc
Beijing Mercurius Technology Co., Ltd
Natural Tableware Inc.
Green Home LLC
Visfortec Pvt. Ltd.
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Kraft Paper Cups Market - Competitive Dynamics and Global Industry Outlook 2028
Kraft Paper Cups Market: Overview
The foodservice sector is supposed to witness lucrative innovation and investment opportunities during the next couple of years. Amidst the ‘go-green’ trend, wherein switching to environmentally friendly serving options are more than a business strategy. Kraft paper cups are unbleached paper cups with minimum chlorine content. Kraft paper cups are suitable for beverages with temperature up to 200 degree Fahrenheit. The growth of kraft paper cups is driven by the growing demands from food and beverages industries. Apart from these, kraft paper cups offers ease of use for end users. These cups are lightweight and can be disposed with ease. Due to the reliability and hygiene of kraft paper cups, they are preferred by food service outlets owing to the ban on plastic based products by several countries, resulting in rising demand for such alternatives. The base paper for kraft paper cups is unbleached paper board and they are manufactured on specialized multi-layered ply paper machines. The paper used for manufacturing kraft paper cups should have a sturdy wet-sizing and must be stiff. The outlook for the global kraft paper cups market is expected to be positive during the next decade owing to the rising awareness towards the use of non-plastic and biodegradable products.
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Kraft Paper Cups Market: Dynamics
The fast food service outlets, restaurants, coffee shops, and various other beverage outlets are some of the foremost consumers of the kraft paper cups. Kraft paper cups are manufactured in order to minimize the chlorine content. Manufacturers and brand owners are not just replacing plastic linings and foams with plant-based products, but it is also being used to shape their brand. These factors are expected to drive the global kraft paper cups market during the forecast period. The rising installations of vending machines at multiple places is expected to drive the demand for kraft paper cups. Besides, kraft paper cups are available in different sizes in the market and can be tailor-made as per the requirement. The places where reusable cups are not a feasible option such as institutes, kraft paper cups are supposed to be an optimum choice. Kraft paper cups possess excellent printability and aesthetics graphics printing on cups enhance brand credibility. These factors are supposed to fuel the kraft paper market during the next decade. The factor which might hamper the growth of kraft paper cups market is the continuous use of plastic cups which offers several advantages over kraft paper cups such as water resistivity, possess high-temperature range and others. Overall the market for kraft paper cups is supposed to witness lucrative growth opportunities.
Kraft Paper Cups Market: Segmentation
Globally, the Kraft Paper Cups market has been segmented on the basis of capacity, sales channel, end use and region:
On the basis of capacity, the global kraft paper cups market has been segmented as:
Less than 4 oz.
4 oz. to 8 oz.
8 oz. to 12 oz.
12 oz. and above
On the basis of sales channel, the global kraft paper cups market has been segmented as:
Supermarkets/Hypermarkets
Specialty/Departmental Stores
Online
Distributors
On the basis of end use, the global kraft paper cups market has been segmented as:
Food Services
Household Purposes
Institutional
Others
Regional Outlook
In the developed economies of North America and Europe, the majority of public places and institutes are equipped with vending machines which offer beverages and snacks to people where paper cups are used for the service. The U.S. is supposed to be the major consumer of kraft paper cups during the next decade owing to higher consumption of beverages in the region. Countries such as France, Germany and some other countries in Europe banned the use of plastics. Hence, this factor gives rise to the demand for the paper cups market during the forecast period. China and India are expected to witness lucrative growth in the kraft paper cups market during the forecast period.
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Kraft Paper Cups Market: Key Players
Some of the leading players operating in the global Kraft Paper Cups market are:
Dart Container Corporation
Paper Cup Company
Lollicup USA, Inc.
Huhtamäki Oyj
Nippon Paper Industries Co., Ltd.
Good Start Packaging
YesPac, Inc.
Greenpacks USA
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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Sack Kraft Paper Market Share| Future on Recent Innovation 2025
A new research report published by Transparency Market Research expects the global sack kraft paper market to achieve considerable growth in the next few years. In recent years, the applications of sack kraft papers in different industries has increased. Most prominent example of this is the increasing use of sack kraft paper in the food and beverages industry for cutting down the use of non-biodegradable or disposable products such as plastic. Such developments are thus expected to give a solid impetus to the development of the global sack kraft paper market.
The research report expects the global sack kraft paper market to exhibit a moderate CAGR of 2.6% during the course of the given forecast period of 2016 to 2024. With this rate of growth, the global market is expected to reach a valuation worth US$10.5 bn by the end of 2024. Initially, the global sack kraft paper market was valued at US$8.4 bn in 2015. The market is thus expected to jump in valuation of US$2.1 bn in the given forecast period.
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Product Development is Key for Leading Market Players
The competitive landscape of the global sack kraft paper market is highly fragmented. The fragmentation of the global market is because of the presence several leading players operating in the marketspace. In addition to this, there are several opportunities available for the new companies to enter the market. This is further expected to intensify the competition in the global sack kraft paper market. However, the market is currently dominated by only a handful of the leading companies. These companies are expected to opt for aggressive strategies such as mergers, joint ventures, and acquisitions in order to stay ahead of the competitive curve.
For instance, in June 2018, Mondi announced itself in the global sack kraft paper market with the launch of its new and innovative packaging for the e-commerce sector. The product is called MailerBAG is produced with the help of sack kraft paper and have massively helped in replacing the conventional non-recyclable plastic packaging bags. The product was awarded with the Eurosac Grand Prix award at the Euro Science Congress in 2018, held in Malta.
Some of the leading companies in the global sack kraft paper market include names such as Horizon Pulp & Paper Ltd., Tolko Industries Ltd., Natron-Hayat d.o.o., Gascogne SA, Kapstone Paper and Packaging Corporation, BillerudKorsnas AB, Segezha Group, Nordic Paper Holding AB, the Mondi Group Plc., and Canfor Corporation among others.
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Europe to Emerge as Leading Regional Segment
In terms of geographical segmentation, the global market for sack kraft paper is currently dominated by the regional segment Europe. Growing demand from the food and beverages industry is one of the key driving factors for the development of the regional segment. Asia Pacific market is expected to witness a promising growth in the coming years of the forecast period.
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Drone Identification Market by Industry Analysis, Forecast 2025
The drone identification market is heavily driven by the growing terrorists’ activities and security breaches across the globe. Terrorist activities now even include usage of drones for capturing images of various parameters in the region of attack. Owing to this fact, unmanned aerial vehicle manufacturers along with different defense forces and through government initiatives, are developing robust technologies in order to detect the enemy drones and to counter them. The development of drone identification and their countermeasure techniques have helped defense forces, law enforcement agencies, and homeland securities to detect the enemy drones. Another major factor boosting this market is the mandate issued by the Federal Aviation Administration to detect any drones used for unlawful activities. The mandate has led different governments and defense forces in developed and developing nations to partner with manufacturers and technological companies to develop drone countermeasure technologies.
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The growth of the market for drone identification is hindered by the risk of surging cyber-attacks, or hijacking. Cyber-attacks are growing rapidly with an objective to capture critical information or data, and the technologies used in the drone identification technology, records important information such as the area of origin of the drones and operator among other information. These technologies are vulnerable to cyber-attacks and perpetrators of cyber-attack can use them to gather more information about the intended region. Owing to this fact, defense forces and law enforcement agencies are limiting the procurement of these drone identification technologies, which in turn is inhibiting the growth of the market.
The drone identification market is poised to surge over the period due to the research and developments being carried out in order to maximize the obstacle detection systems. The drones are unmanned systems and are prone to strike any obstacles in their path. Different manufacturers are conducting research on developing obstacle detection systems which will help drone operators to identify the enemy drone easily. This research and development is anticipated to increase interest among end users to procure drone identification technologies at a faster rate.
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The drone identification market has been segmented on basis of technology, application, end users, and geography. The different technologies used for identifying a drone are radio frequency sensing (RF Sensing), acoustic sensors, electro-optics sensors, drone surveillance radar, light sense sensors, and automatic dependent surveillance - broadcast (ADS-B). Among the different technologies used, drone surveillance radar dominates the market followed by radio frequency sensing technology. The drone identification technologies are applicable in intelligence, surveillance, and reconnaissance (ISR), combat situations, airports, sea-ports, railway stations, power grids, thermal power stations, nuclear power stations, BFSI, stadiums, auditoriums, government and defense establishments and others. The increase in terrorist activities across the globe has also increased the usage of drone identification technologies in airports, railway stations, thermal power stations, stadiums, and auditoriums among others. End users of drone identification technologies are defense forces, law enforcement forces, and homeland security. Law enforcement forces use drone identification technologies most extensively followed by homeland security in order to identify or detect any enemy drones and counter them. Geographically, the market for drone identification has been categorized into five strategic regions across the globe. These includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The dominating region in the drone identification systems market North America followed by Europe, due to the extensive research and development in the field of drone detection and counter measures.
The leading players in the field of drone identification are Thales Group (France), Leonardo S.P.A (Italy), Precision Hawk Inc. (U.S), Rheinmetall AG (Germany), Drone Labs LLC (U.S), Dedrone Inc. (U.S), Kelvin Hughes Limited (U.K), Mistral Solutions Pvt. Ltd. (India), Rinicom Ltd. (U.K), and Aaronia AG (Germany).
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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Artificial Intelligence (AI) in Military Market Trends, Scope, Forecast by 2027
Global Artificial Intelligence (AI) in Military Market: Overview
There is rising adoption of artificial intelligence in military operation owing to the effectiveness and precision it offers. Moreover, the growing cyber threats have led to increasing penetration of artificial intelligence in the militaries. The global artificial intelligence (AI) in military market is expected to display tremendous growth during the forecast period on account of the rising need for situational awareness.
Global Artificial Intelligence (AI) in Military Market: Notable Developments
Below are a few notable developments in the global artificial intelligence (AI) in military market:
Integration of artificial intelligence in Robotic Surgical Systems (RSS) is one of the major breakthroughs in the global artificial intelligence (AI) in military market. This plays a key role in battlefield healthcare by mining medical records of the soldiers in difficult conditions. IBM’s research team has recently collaborated with the U.S. Veterans Administration to develop Electronic Medical Record Analyzer (EMRA). This technology helps in identifying critical health issues and maintaining electronic medical records.
The advent of computational military reasoning has solved numerous military problems by taking the right decisions during warfare. It efficiently analyzes and exploits the weakness of the enemies and helps in solving human-level problems on the battlefield. It effectively analyzes the data fed to it, known as the Course of Action (COA) and takes optimal decisions based on the same. This technology has presented numerous growth opportunities for the global artificial intelligence (AI) in military market.
Prominent players in the global artificial intelligence (AI) in military market include Harris Corporation, SoarTech, SparkCognition, Northrop Grumman Corporation, Raytheon Company, Charles River Analytics Inc., and IBM.
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Global Artificial Intelligence (AI) in Military Market: Key Growth Dynamics
Rising demand for enhanced military equipment is the key factor promoting the growth of the global artificial intelligence (AI) in military market. Moreover, growing investment in the defense sector has led to larger adoption of artificial intelligence in military. Along with this, there is a rise in technological developments pertaining to artificial intelligence. These factors have impacted the global artificial intelligence (AI) in military market favorably, thus propelling its growth.
Owing to rising threats of war there is an increase in demand for autonomous military vehicles and UAV control systems. Moreover, artificial intelligence helps the soldiers in aggregating the information and deriving correlations based on it. These deep learning tools further help in creating effective war strategies. These features have served as a growth platform for the global artificial intelligence (AI) in military market.
However, along with the drivers, there are a few restraints that may shrink the growth of the artificial intelligence (AI) in military market. Factors such as lack of trained personnel to handle the AI integrated equipment and lack of structured data may pose a threat to the market’s growth. Nonetheless, extensive adoption of cloud-based services in military operations and rising need for smart combat systems may offset the effects of the restraints.
Global Artificial Intelligence (AI) in Military Market: Regional Outlook
In terms of geography, Asia Pacific is perceived to lead the global artificial intelligence (AI) in military market. This owing to the rapid military modernization and rising demand from developing economies such as China and India. The advancements in the AI-based weapons in China has also contributed to the market’s growth in this region. North America is expected to grow substantially during the forecast period, U.S. being the highest contributor. The growth in this region can be mainly attributed to the presence of prominent defense manufacturers.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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Smart Bottle Market Will Reach at US$ 258.8 Mn by 2024
The global smart bottles market is likely to witness high growth in the coming years due to significant efforts made by several prominent players in the market. Leading players are focusing on using advanced technologies to enhance product quality and connectivity. Moreover, as there are large number of players operating in the global smart bottle market, competition is likely to increase. This will also turn the global market fragmented. They are also engaged in mergers and acquisition, partnership, and collaboration to reinforce their position in the global market. Noticeable players such as Spiritz, Thermos LLC, Myhydrate, and Adheretech Inc. collectively held 5% share in the market in 2016. Various other players operating in the market include Trago Inc, Kuvee, Inc., Sippo, Hidrate Inc., Hydrasmart, and Ecomo Inc.
Researchers from Transparency Market Research estimated that the global smart bottle market would reach US$258.8 mn by the end of forecast period in 2024. In 2016, the market earned US$88.8 mn. To achieve this figure, the market is likely to progress at healthy 14.3% CAGR between 2016 and 2024.
Application of smart bottle is largely seen in water bottle segment and it is expected to lead the global smart bottle market in the near future. In 2016, this segment held 56.4% share in the global market. The pharmaceutical bottles segment is projected to take the second position in the market. Regionally, North America is leading the global smart bottles market due to technological advancements taking in the region. On the other hand, Asia Pacific region is expected to be the most promising region for expanding smart bottles market, as several smart bottles manufacturers are investing in this region. Significant rise in e-commerce and growing acceptance for smart technologies and devices in Asia Pacific helped in drawing attention of global smart bottle manufacturers.
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Growing Demand to Maintain Physical Fitness to Bolster Growth in the Global Smart Bottle Market
Growing awareness about maintain health and fitness and the role played by water in maintain health has boosted growth in the global smart bottle market. People nowadays are more conscious about the wellbeing and physical fitness and are now playing more emphasis on regular workouts and activities. Additionally, growing demand for advanced technologies in devices and even in bottles that helps user know about the amount of water intake has further expanded growth in the global smart bottle market.
Moreover, advancements taking place in the fields of materials and chemicals resulted in the development of Bisphenol A (BPA)-free polymer- Tritan, that is used for manufacturing the bottles is also projected benefit in the fueling growth in this market. Rising disposable income and high demand for fitness equipment has also fueled growth in the global smart bottle market.
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Limited Opportunities for Customization to Deter Green Packaging Market
Contrary, to the above-mentioned growth factors, few restraints might restrict the growth of the global smart bottle market. High cost of smart bottle is the major factor that might challenge the market’s growth. Moreover, limited opportunities for customization are also expected to deter demand in the global smart bottle market.
However, technological advancements taking place and growing acceptance towards advanced technologies might help in overcoming these restraints. Moreover, rapid economic development in both developed and developing economies is also expected to help grow smart bottles market in the coming years.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Smart Bottle Market (Application - Water bottle, Pharmaceutical Bottle, and Alcoholic Beverage Bottle; Distribution - Online and Offline) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024”.
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Fishing Equipment Market - Global Industry Analysis, and Forecast 2024
Fishing Equipment Market: Overview
The term of fishing refers to leisure, sporting and commercial activity is growing substantially popular worldwide due to the identification of fishing as a popular sport by many associations. Furthermore, increased backing of reputed organizations like American Sportfishing Association and others are making fishing activity more and more popular. In a bid to increase participation of common people in recreational activities like fishing many different associations are now emphasizing on various awareness programmes and promotional activities. Many a developed economies in the West such as the United Stated, United Kingdom are in the process of expanding their platforms of fishing thereby making an upgradation in the access of various water bodies for the purpose of fishing thereby making it an activity of social sport. As such, of late fishing has been gaining grounds and popularity besides canals and reservoirs and it has become important to come up with efficient and effective platforms on these various water bodies. The market for Fishing equipment can be comprise baits, flies, tools and pliers, lures, hooks, sinkers, tippers and swivels, reels, sinkers, rigs and poles.
The market intelligence study titled “Fishing Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024” delves into the prospect of growth of the world market for fishing equipment. It also assesses the sequential growth of the said market over the forecast timeframe that extends from the year 2016 to 2024. The said report also includes various non-pervasive and pervasive inclinations have also been mentioned in the said report. A thorough overview of the market with the analysis of Porter’s five forces has been offered so to present a clear and concise vendor landscape of the market to the reader. The study also points at acquisitions, corroborations, important conglomerates, mergers and numerous research and development activities. The companies that have been profiled in the report come with thorough examination based on their marketing strategies, prime products and market shares.
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Fishing Equipment Market: Trends and Opportunities
Depending on the type of technique of fishing, various different types of tools and equipment have been incepted, designed and created. Internationally, the market for Fishing is quite a broad one and the same is prophesized to continue with its sound rate of growth in the years to come. Due to the rapidly growing industry of food and beverages and an increased demand that is prevailing in the sea food segment, the industry of fishing is very likely to experience a jump in the forthcoming years. The ever changing and evolving food habits of people worldwide is in all likelihood expected to facilitate the global market for fishing equipment as increasingly number of people make a shift towards many different types of fish and sea food consumption. The trend of going for non-vegetarian diet and increasing base of human population are also foreseen to bolster the demand for equipment for fishing in the forthcoming years. In addition to that, conservation of fisheries and fish recreational programs are obtaining worldwide prominence together with increasing spending by anglers worldwide. Furthermore taxes are also being levied on fishing and fuel of motorboats. Fish come with a lot of medicinal benefits and more and more people are become aware of it, activities related to fishing are thus expected to see a surge over the forthcoming years, thereby bolstering the requirement for fishing equipment.
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Fishing Equipment Market: Geography
The market research study on fishing equipment also includes regional analysis and segmentations of the said market. In accordance with the said study, the market spreads across the regions of the North America, Europe and Asia Pacific (APAC) and Rest of the World.
Of all the regions, the fish equipment market in APAC is expected to grow prominent with the increasing disposable income of the consumers coupled with a shift in dietary choices. More people in APAC are now opting for non-vegetarian diet.
Fishing Equipment Market: Company Profiling
Rome Specialty Company, Arcom International, Lureflash International Ltd., Daiwa Corporation, Penn Fishing Tackle Manufacturing Company, and Sea Master Enterprise Co. Ltd are some of the prominent names that adorn the market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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Household and industrial detergents market - Global Industry Analysis, and Forecast 2018
Detergents are chemical compounds exhibiting cleaning properties in diluted solutions. These are mainly alkylbenzenesulfonates and their compounds. Housing detergents include the complete range of detergents used for everyday household cleaning needs. On the other hand, industrial detergents have a wide variety and uses depending on their formulated type.
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The household and industrial detergent market has huge growth potential based on its variety of applications in household uses and industrial uses. The shift in the lifestyle of people and global modernization are the key features of the drivers for household detergents. The mounting use of the washing and laundry industry are the drivers for household detergents. However, increasing industrialization is responsible for the huge demand for industrial detergents. Industries like chemical, paint, textile, paper and automobile are the major demand drivers for industrial detergents. Technological advancements and budding industrial uses are escalating the demand chart globally. The introduction of new and improved detergents replaces the existing one making the market highly dynamic. Some policies like government regulations, environmental reforms, and CSRs are some of the restraints to the growth of the market. The coming six years hold the key for the future of the household and industrial detergent market.
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Asia-Pacific is the fastest growing market for household and industrial detergents followed by the U.S. and the Middle East. China and India are the leaders in demand as well as supply in Asia-Pacific. The U.S. is among the mature markets for household and industrial detergents and hence concentrates on exports. The increasing industrial growth rate of Asia-Pacific has made it an emerging market. The Middle East is also the upcoming market with increasing industrial growth and rise in demand.
Some of the market players in this industry are Alabu Soaps (United States), Tech-Lube Wholesales (United State), Alchemi J.S. Co. (Egypt), Basic Pharma Life Science Pvt. Ltd. (India), Evergreen CommonHealth (HK) Group Ltd. (China), and Elegant Line Trading 408 CC (South Africa).
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Microwave Oven Market is assumed to reach US$25.0 bn by the end of 2022
According to a recent report by Transparency Market Research (TMR), the vendors of the global microwave oven market may witness remunerative opportunities for growth owing to the vigorous usage of technologically advanced and sophisticated home and kitchen appliances as per the improved standards of people all around the world. The vendor landscape of the global microwave oven market is highly competitive and all prominent players are developing key strategies in order to enlarge their business in other regions of the world as well.
Some of the key players of the market are Electrolux AB, LG Electronics, Inc., Hoover Limited, Guangdong Galanz Enterprises Co. Ltd., and Sharp Corporation. Key market players can generate greater market revenue and give tough competition to each other by adopting Strategies like merger and applications and new product launches. These innovation and initiatives taken by major players are likely to increase the demand of the microwave oven market in the coming years.
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As per the TMR report, the global microwave oven market is assumed to reach US$25.0 bn by the end of 2022. The market is envisaged to expand with a CAGR of 5.8% within the forecast period of 2017 to 2022. The previous records of 2017 states that the market for microwave oven was worth US$18.9 bn and will show a remarkable growth rate in the years to come.
Faster Growth with Rising Disposable Incomes in Emerging nations Boosting Market
The microwave oven market can be fuelled by factors like the rise in disposable income of people. With more income, there is a natural urge to upgrade the living conditions of people and there comes the need for a modular house and most of all a modular kitchen. This is especially taking place in the emerging nations of the world, hence the market in that area is expected to increase in demand as compared to market in other region.
The prospects of growth could be favorable due to economic development and rising disposable income of people. Adding to that, microwave oven need may get a stronger support from increasing number of consumers who spend on their kitchen lavishly. The adoption of modular kitchen and home appliances are expected to increase the rate of growth in the global microwave oven market in the long run.
From a geographical perspective, the market is seen to be dominated by the region of Latin America and Europe. The North American market has already gained maturity long back and have given way for the European nations to emerge. Rise in demand for microwaves can increase in countries like India and China of the Asia Pacific region because of the high salary inclination and desire for the best quality kitchen.
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High Power Consumption to Restrict Market Growth
Although the advancement in home and kitchen appliances may add fuel to the growth of the global market for microwave oven, factors like high electricity consumption may restrict the use of microwaves at homes. High electricity bills may be a cause of concern for families in developing economies and hence, it may hinder the growth of the overall market. However, various companies are expected to create and develop products that will consume less energy and thus, this may act as a solution to the traditional method of using electricity for using any devices.
The information presented in the review is based on a TMR report titled, “Microwave Oven Market (Product - Grill Microwave Ovens, Convection Microwave Ovens, and Solo Microwave Ovens; End Use - Commercial and Household; Structure - Countertop and Built-in) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022”.
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Digital Door Lock System Market to be worth US$11,230.0 mn by 2024
An up to date intelligence report compiled at the headquarters of Transparency Market Research (TMR) has projected the demand in the global digital door lock system market to augment at a remarkable CAGR of 34.7% during the forecast period of 2017 to 2024. In terms of value, the digital door locking systems market is estimated to be worth US$11,230.0 mn by 2024, mounting rapidly from its evaluated valuation of US$1,481.8 mn as of 2017. Volume-wise, a demand for 258,101 units of digital door lock systems is foreseen by the end of 2024.
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Local Vendors Eating into the Shares of Global Players
Besides providing figurative analysis into the lucrativeness of different segments of digital door lock system, and revealing demand-potential of important regions and countries, the report has a featured section on vendor landscape. The analyst of this business study has detected a highly competitive scenario, attributing it to the low entry barriers of the market. There is strong presence of domestic and country-wide players as the technology is now quite accessible. These players are expected to continue eating a significant chunk of shares in the digital door locking system market in the near future. That being said, a few well-established and global companies do hold a position of moderate strength over regional and localized players, providing for a diverse portfolio and top-notch technology. The report profiles quite a few prominent companies operating in the global digital door lock system market, including Honeywell International, Inc., Siemens AG, the ASSA Abloy Group, Hitachi Ltd., Cisco Systems, Inc., and Godrej & Boyce.
Going forward, acquisition of promising smaller players is expected to be a key strategy of the market leaders to increase their shares, as it helps them strengthen their supply chain as well as enhances their product portfolio. Pioneering advancements to leverage cloud-based and Bluetooth technologies is also anticipated to be a mode of carving a niche in the market for the financially stronger players.
On the basis of product type, the report segments the market for digital door lock system into keypad lock including magnetic stripe, electric strike, and electromechanical door, and biometrics, which has been further sub-segmented into the recognition of fingerprint, voice, face, signature, iris, and palm. Based on end-users, the digital door locking systems market has been bifurcated into residential, commercial, industrial, and government. Geographically, North America and Europe are currently providing for the most prominent chunk of demand. However, the region of Asia Pacific is primed to generate demand at an above-average CAGR during the forecast period of 2017 to 2024.
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Mushrooming SMEs Driving Demand
Growth of small and medium enterprises (SMEs) across the world, particularly in the BRICS nations, is the primary driver of the global digital door lock system market. These systems enables SMEs to allow grant controlled access to their labor force, which goes a long way towards achieving greater efficiencies. In addition to the mushrooming of SMEs in the commercial sector, the global digital door locking system market is gaining traction from government emphasis on building smart cities. Building and construction companies are now equipping their apartments with modern locking systems to lure newer customers. As the awareness regarding the benefits offered by these system spreads, the market is expected to prosper. On the other hand, high cost of these systems is the most prominent restraint that is holding the market from flourishing.
Key Takeaways:
Global digital door locking system market is estimated to be worth US$11,230.0 mn by the end of 2024
A few players are mildly ahead of the curve in a highly fragmented competitive landscape.
Innovation and strategic acquisition is foreseen as the key modes for greater shares.
The information presented in this review is based on a Transparency Market Research report, titled, “Digital Door Lock System Market (Product Type - Biometrics (Recognition of Fingerprint, Face, Iris, Signature, Voice, and Palm) and Keypad Locks (Magnetic Stripe, Electromechanical, and Electric Strike); End User - Government, Commercial, Industrial, and Residential) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2024.”
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Flea and Tick Product Market is to be worth US$ 10,115.21 Mn by 2026
The demand within the global flea and tick products market is expected to rise with growing adoption of pets across the globe. The comfort of their pets is the top-most priority for pet-owners. The use of flea and tick products ensures the wellbeing of dogs, cars, and other pets. The adoption rate of dogs and cats has increased over the past decade, and flea products are most commonly used for these two animals. Hence, the global flea and tick products market is projected to accumulate increased revenues in the years to follow.
Several new investment entities have emerged within the global flea and tick products market. The investing entities in the global flea and tick products market have weighed the favourable dynamics of investment against the unfavourable ones. Furthermore, these entities have also conducted rigorous sampling and analysis of pet owners to determine the lucrative prospects within the flea and tick products market. The propensity of the masses towards providing a high standard of living to their pets has also given a thrust to market growth.
Transparency Market Research (TMR) predicts that the global flea and tick products market would expand at a stellar pace in the years to follow. The CAGR of the global flea and tick products market for the duration between 2018 and 2026 is estimated to be 9.75%. Furthermore, the total value of the global flea and tick products market is projected to touch US$ 10,115.21 Mn by 2026. The most distinct driver of demand within the global flea and tick products market is the rising incidence of flea infections in dogs and cats.
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Growing Pet Ownership to Propel Market Demand
The adoption of pets, especially cats and dogs, has gathered swing across several western regions. 36.5% of people in the US own a dog, while 30.4% of the people pet cats. These figures are important for market vendors who are planning to expand their operations to the US. Furthermore, the sense of satisfaction associated with petting of animals has also played a vital role in the growth of the global flea and tick products market. The revenue index of the global flea and tick products market is expected to improve by leaps and bounds in the years to follow.
Advancements in the Domain of Veterinary Care
The rising number of veterinary practitioners has made it easier for pet owners to determine the kind of flea that affects their pet. Hence, the global flea and tick products market is projected to become a haven of opportunities in the years to follow. Furthermore, proper veterinary care ensures that pet owners buy the right products for their pets. This factor has given a thrust to the demand for specialised flea and tick products.
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North America to Lead Market Growth
On the basis of geography, the global flea and tick products market can be segmented into North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. The flea and tick products market in Europe is expanding on account of the growing adoption of pets in the region. Furthermore, the growing propensity towards adoption of dogs in China and India has given a thrust to the Asia Pacific market.
Some of the leading vendors in the global flea and tick products market are Bayer AG, Ceva Sante Animale S.A. (Libourne, France), and Sergeant’s Pet Care Products, Inc.
The review is based on TMR’s report titled, “Flea and Tick Product Market (Product Type - Chewable (Fluralaner, Valerian, Chamomile), Spot On (Methoprene, Fipronil, Moxidectin); Method - Internal, External; Pet Type - Dog, Cat and others)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”.
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Physician Dispensed Cosmeceuticals Market to Reach US$ 31,322.14 Mn by 2026
Transparency Market Research (TMR) has published a new report titled, “Physician Dispensed Cosmeceuticals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global physician dispensed cosmeceuticals market was valued at US$ 14,311.52 Mn in 2018. It is projected to expand at a CAGR of 10.3% during forecast period. The global physician dispensed cosmeceuticals market is anticipated to be driven by factors such as emphasis on beauty and appearance, rising awareness about anti-aging, and assurance about safety and efficacy of physician-dispensed cosmeceuticals. The physician dispensed cosmeceuticals market in Asia Pacific is expected to expand at a high CAGR of 12.0% due to changes in lifestyle and cultural attitudes, increasing pollution levels, and potential high consumer base. The region has witnessed increase in purchasing power and better exposure to international brands.
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Increasing demand for cosmeceuticals
Physician dispensed cosmeceuticals include medicated esthetic products that are referred by dermatologists, trichologists, cosmetic surgeons, and allied medical professionals. These products are dispensed at skin and hair clinics, beauty and wellness centers, and are available as OTC products through selected retail outlets. Increasing levels of stress, pollution, and climate change can cause damage to the skin, hair, and eyes. This has created a demand for cosmetic products to treat a wide range of dermatological conditions. Cosmeceutical companies, therefore, are developing newer and advanced cosmeceuticals to target these medical conditions. Consistent demand for advancements in skin care and beauty products is leading to exciting new entries of various products in the physician dispensed cosmeceuticals market.
Entry of new players in the market
Various locally based cosmetic professional startups specializing in the manufacture and marketing of cosmeceuticals owned by dermatologists have recently entered the physician dispensed cosmeceuticals market in order to cater to the demand for cosmeceuticals among the local population. New entrants in the cosmeceuticals industry from developing countries include ZO Skin Health, Inc. (Japan), CU SKIN Co., Ltd. (Korea), Dr. Batra’s Skin & Hair Clinic, VLCC, and Kaya Skin Clinic (India). Hence, newer and advanced products are anticipated to enter the physician dispensed cosmeceuticals market in the next few years. Emergence of new concept of herbal medicine is paving the way for the demand for organic physician dispensed cosmeceuticals. These factors drive the global physician dispensed cosmeceutical market.
The global physician dispensed cosmeceuticals market has been segmented based on product type and region. Furthermore, in terms of product type, the market has been divided into skin care products, hair care products, eye care products, injectable Botox, and others. The skin care products segment accounted for a major share of the global physician dispensed cosmeceuticals market in 2017, as the nature of cosmeceuticals demanded by consumers is largely to treat dermatological conditions. Increasing awareness about personal appearance among the geriatric population and changing attitudes of middle-aged and geriatric populations in developing countries have fueled the demand for cosmeceuticals in order to eliminate the outward signs of aging. The anti-aging segment is expected to maintain its dominance of the market during the forecast period. Similarly, dermal fillers and injectable Botox segments are expected to expand from 2018 to 2026.
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Huge consumer base in Asia Pacific to create opportunities in market
In terms of region, the global physician dispensed cosmeceuticals market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is mature and technically developed, as compared to the other regions. Hence, the region accounted for a prominent share of the market, in terms of revenue, in 2017. Europe is anticipated to account for a significant share of the global market between 2018 and 2026. Surge in awareness among consumers about cosmeceuticals is expected to fuel the market in the region during the forecast period. The market in Asia Pacific is likely to expand considerably during the forecast period. Increasing preference to retain beauty and youthful appearance drives the demand for effective cosmeceuticals. These factors are expected to propel the demand for cosmeceuticals in this region. Moreover, increasing focus of key players on expansion in Asia Pacific, huge consumer base in the region, and rising awareness drive the physician dispensed cosmeceuticals market in Asia Pacific.
Key players profiled in this report are Allergan plc, Jan Marini Skin Research, Inc., Johnson & Johnson, L'Oreal S.A., Procter & Gamble Co., Bausch Health Companies Inc., Unilever plc, and ZO Skin Health Inc. Companies operating in the global physician dispensed cosmeceuticals market focus on development and launch of new cosmeceutical products in emerging markets such as Asia Pacific and Latin America.
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Contact Lenses Market is to Reach US$ 11.59 Bn by 2027
According to a new market report published by Transparency Market Research titled “Contact lenses Market (Product Type – Soft Lenses (Daily Wear, Extended Wear), Gas Permeable; Design Type – Spherical, Toric, Multifocal, Others; Wear Type – Disposable, Reusable; Distribution Channel – Online (E-commerce Portal, Company Owned Portal), Offline (Exclusive Stores, Multibrand Stores))– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027,” the global contact lenses market was valued at US$ 7.31 Bn in 2017 and is expected to reach US$ 10.75 Bn in terms of revenue by 2027, expanding at a CAGR of 4.3% from 2019 to 2027. In terms of volume, the market stood at around 127,920 Thousand Units in 2017. Asia Pacific is projected to show the fastest growth rate during the forecast period due to the increase in aging population and rising prevalence of myopia.
The increasing demand for contact lenses in the cities of North America is helping to boost the contact lenses market in the region. Factors such as increasing aging population and myopia among early teens are contributing to the growth of the contact lenses market.
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By product type, soft contact lenses have the highest growth opportunities as they are cost effective and comfortable after use. Gas permeable contact lenses are recommended for consumers facing dry eye problems as they have more amount of oxygen.
By design type, the toric and multifocal contact lenses segments are expected to rise with new technology, enabling consumers to provide corrections for one or more vision defects.
By wear type, reusable segment constitutesthe major share in the global contact lenses market. However, demand for disposable contact lenses is increasing to avoid cleaning after each removal.
By distribution channel, the online segment is expected to expand atthe highest CAGR during the forecast period as compared to theoffline segment.
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Geographically, in terms of revenue, North America held the largest share in the contact lenses market in 2017. After North America, Europe has the largest share. The Asia Pacific region is estimated to witness the fastest growth during the forecast period, dominated by China, India, and Japan. South America is expected to show slow growth as compared to the other regions of the world.
The contact lenses market consists of a large number of dominant players. Industry players focus on advance techniques to increase the quality and comfort level of the contact lens user. Bausch & Lomb Incorporated, Alcon (Division of Novartis AG), Johnson & Johnson Vision Care, Inc., CooperVision, Inc., ZEISS International, SEED Co. Ltd, Hoya Vision Care Company, Essilor, Menicon Co. Ltd, and BenQ Materials Corporation are the key companies profiled in the research report. The report also offers competitive landscape of the key players in the contact lenses market.
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Smart Kitchen Appliances Market to Project Reach Us$ 8.50 BN In 2027
Transparency Market Research (TMR) states the global smart kitchen market has been expected to grow with a higher growth rate in coming years. The global smart kitchen appliances market is fragmented in nature with the presence of large number of small and large players. Companies are adopting the strategy of product innovation & development as well as investing in geographical expansion. Some of the large players are offering innovative product to increase their customer base.
As per TMR report, global smart kitchen appliances market size was valued at US$ 2,725.5 Mn and expected to grow with a CAGR of 25.5%. By the end of 2027, the market is forecasted to reach US$ 8,501.1 Mn in 2027.
It has been estimated that smart refrigerators segment dominate the product type market size. In terms of geography, the global smart kitchen appliances market has been divided into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North American region is expected to have higher market share in 2018. This is because of the already existing players in the market who are continuously launching innovative products to draw more revenue and have the largest share over the global market.
Key players operating in the global smart kitchen appliances market are Samsung Electronics Co. Ltd., Haier Group, LG Electronics, Inc., AB Electrolux, BSH Home Appliances Corporation (Robert Bosch GmbH), and Panasonic Corporation.
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Availability of Energy Saving Product to Propel Market Growth
Consumer demand towards energy efficient product is increasing day by day. Rising cost of fossil fuel is driving the energy cost at a global level. By understanding this market scenario, companies are investing in energy saving products. Key players are invest on research & development activities to launch energy efficient products.
Rising demand of advanced smart home equipment in urban areas will work as a market driving factor. Consumers are spending on effortless kitchen appliances which can save their cooking time. Rising disposable income in developing countries including China, India, South Africa and Mexico that will further create new consumer base for smart kitchen appliance market.
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High Product Cost To Restrict Market Growth
Average cost of smart home appliances are very high in retail market. It has become tough for middle class population to afford such products. Furthermore, traditional appliances are available in urban and rural market with a lower price. This factor will decrease the product sales in coming years.
The information presented above is based on the findings of a research report, titled,” Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2027”.
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Metal Cans Market – Size, Share, Industry, Forecast, Analysis, Trends 2024
Metal Cans Market: Overview
Metal Cans are type of metal packaging systems initially introduced in the beginning of nineteenth century, for packaging of wine, but its scope of application has now expanded into various end-use commodity packing purposes such as edible food & beverage items, chemicals, oil etc. Metal Cans are generally made up of materials such as steel, aluminum, and tin and contributes more than one third of the overall metal packaging market. The major advantages of Metal Cans are that they are 100% recyclable without the loss of its quality and sturdiness. The recycle rate of metal can packaging has been two and half times more than any other packaging solution. Another advantage of recycling of Metal Cans is that it reduces CO2 use thereby reducing the parent material usage.
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Metal Cans Market: Dynamics
The Metal Cans market is prominently propelled by its growing use in food and beverage packaging, especially used in packaging of aerated and non-aerated beverages. The increased personal products portfolio and its usage will naturally augment the packaging market as well. The consumer demand for lightweight packaging, increasing heath awareness regarding use of non-carcinogenic packaging materials, is creating high growth opportunities for the metal cans market. However, the increasing replacement potential of polymer based packaging material such as polyethylene terephthalate (PET) and polyethylene packaging is expected to dent the market share of metal cans in the overall packaging market, over the forecast period.
The inception of new companies among beverage and personal care products industry along with innovative packaging offerings are growth drivers of the metal cans market.
Metal Cans Market: Segmentation
Global metal cans market segmented on the basis of Material Type
Steel
Aluminum
Tin
Global metal cans market segmented on the basis of Can Fabrication Type
Two Piece Metal Can
Three Piece Metal Can
Global metal cans market segmented on the basis of on the basis of application
Food & Beverage
Alcoholic Beverages
Non–Alcoholic Beverages (Aerated and Non-Aerated Beverages)
Processed Dairy Food Products
Other Processed Food Products
Edible Oil
Pharmaceutical Industry
Personal Care and Cosmetic Products
Industrial Chemicals (Solvents, Dyes, Paints, Lubricants, etc.)
Metal Cans Market: Regional Overview
The global metal cans market has been divided into seven key geographical regions which includes, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. The Western Europe and North America dominates the global metal cans market due its high consumption in food and beverage industry. However these region anticipated to register sluggish growth due to availability of alternative packaging. Asia Pacific market is expected to grow at higher rate. Growth in the region is propelled by rapidly increasing consumption of end use industries. The Asia Pacific region has been influenced by setting up of new manufacturing facilities from leading global OEMs owing to availability of raw materials at cheap prices and government initiatives to promote investment measures especially countries like South East Asian countries. Latin America, Middle East and Africa also significantly contributes to the metal cans market. The best example of this fact is that Brazil being Numero Uno position of producer and exporter of orange juice in the world, mainly endorses metal cans for its packaging process proving as a lucrative market for the same.
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Metal Cans Market: Key Market Players
Some of the key players in the global metal cans market are
Rexam PLC
Silgan Containers LLC
Kian Joo Can Factory Berhad
Independent Can Company
Trinity Holdings
Berlin Packaging Company
Crown Holdings, Inc.
SKS Bottle & Packaging, Inc.
Caira Can Company Limited
The Cary Company
Ball Corporation
Allstate Can Corporation
Can Smart(PTY) LTD
AlliedCans Limited
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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