Thermoforming segment gain maximum share during the forecast period in Blister Packaging Market

The blister packaging market size is projected to grow from USD 18.65 Billion in 2016 to reach USD 28.38 Billion by 2022, at a CAGR of 7.2%. The global blister packaging market is witnessing demand, owing to the rise in manufacturing activities and growth in demand for conveniently packaged products. Growth in demand from the healthcare industry also provides an opportunity to the market to grow further, especially in the emerging Asia-Pacific and South American regions.

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The materials on which the thermoforming process is used include low density polyethylene (LDPE), high density polyethylene (HDPE), polyvinyl chloride (PVC), polypropylene (PP), polystyrene (PS), and others such as acrylic. Thermoforming technology is widely used to manufacture aluminum and plastic blister packs.

Thermoforming of plastics require low initial tooling and equipment cost as compared to injection and blow molding techniques. Thermoformed plastic films give wide design scope and a visually pleasing appearance leading to a rise in its demand for blister packaging.

Under the end-use sector, the healthcare sector is projected to grow at the highest rate due to the high demand for pharmaceutical packaging as it offers durability and product protection & security features. Blister packaging for healthcare products reduces the possibility of product contamination. It also protects healthcare products from moisture, gas, light, and temperature.

North American region accounted for the highest share in the total market of blister packaging market, in terms of value, followed by Asia-Pacific and Europe, owing to manufacturers’ focus on developing low-cost blister packaging options. However, as the blister packaging market in developed countries is matured, the markets in U.S. and Canada are projected to grow the highest rates from 2016 to 2022. The Asia-Pacific region is projected to register the highest growth during the forecast period; this is attributed to the large customer base for FMCG products and consumer durables, due to the growth in population in countries of this region; this, in turn, is expected to lead to the growth of the blister packaging market.

High initial capital investments has caused an unfavorable impact on the profitability of the packaging industry. The global blister packaging market is dominated by players such as Amcor Limited (Australia), The Dow Chemical Company (U.S.), WestRock Company (U.S.), Bemis Company, Inc. (U.S.), and Sonoco Products Company (U.S.). Other payers include Constantia Flexibles (Austria), Klockner Pentaplast Group (Germany), E.I. du Pont de Nemours and Company (U.S.), Honeywell International (U.S.), Display Pack, Inc. (U.S.), Tekni-Plex, Inc. (U.S.), and Pharma Packaging Solutions (U.S.). These players adopted various strategies such as acquisitions, new product launches, agreements & collaborations, and expansions to cater to the needs of the blister packaging market.

Flexible packaging segment projected to be the fastest-growing during the forecast period of Food Service Packaging Market

Food service packaging is used to package processed and semi-processed food products. It caters to service sectors such as restaurants, fast-food joints, takeaway restaurants, and catering services. It helps in maintaining the hygiene, quality, and safety of food products. It provides heat resistance, prevents the growth of microorganisms, and helps extend the shelf-life of the food product.

The food service packaging market has been segmented, on the basis of packaging type, into flexible packaging, paper & paperboard packaging, rigid packaging and others. The market for flexible packaging is expected to grow at the highest CAGR. The increasing demand for sustainable packaging has propelled the market for flexible packaging in the food service packaging industry.

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Cost-effectiveness of food service packaging

There has been a gradual shift in consumer choice from traditional methods of preparing food at home to buying packaged products. Food service packaging mediums require less resources and energy as they are manufactured with recycled material; hence, packaged and disposable packs are available at low cost and importantly, occupy 35% less retail shelf space, making it cost-effective. It also offers a perfect alternative for display by creating more options for eye-catching graphics, ultimately increasing the marketability of the product.

The food service packaging market has a positive outlook due to high growth in the food industry and the beverages sector. It is easy to open food service packaging packs as they are available in the form of both rigid as well as flexible, which makes it convenient for handling the product. Due to busy lifestyles, the demand for convenient products has increased, which has led to a rise in the demand for flexible and rigid packs. Due to this, transport and shipping costs are cheaper for food service packaging. Furthermore, it reduces fuel consumption in terms of transportation.

The report “Food Service Packaging Market by Material (Plastic, Metal), Packaging Type (Flexible, Rigid, Paper & Paperboard), Application (Alcoholic Beverages, Non-alcoholic Beverages, Fruits & Vegetables, Bakery & Confectionery) – Global Forecast to 2022″, The food service packaging market size is estimated to grow from USD 65.36 Billion in 2017 to USD 84.33 Billion by 2022, at a CAGR of 5.23% during the forecast period.

Attractive Opportunities in the Fresh Food Packaging Market

The global fresh food packaging market is projected to reach USD 95.91 Billion by 2020, at a CAGR of 3.38% from 2015 to 2020, which signifies a steady increase in the demand for packaged food.

The fresh food packaging market has been growing in accordance with the packaging industry. The increasing population, increasing incomes, increasing demand for convenience food, and the extended shelf life of packaged food are the main drivers for the fresh food packaging market.

The growth of the fresh food packaging market is primarily driven by the following factors:

• Demand for convenience food in the European region
• Shelf life extension of fresh produce

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Fresh food packaging protects food products from environmental conditions and physical damage; it provides consumers with information regarding the ingredients and nutritional value; and more importantly, it helps maintain the quality of food as per the predetermined standards. Fresh food packaging is made of materials such as polyethylene, paper, aluminum, BOPET (Biaxially-oriented polyethylene terephthalate), and poly-vinyl chloride. The global fresh food packaging industry mainly deals in meat & meat products, fruits, vegetables, and seafood.

The need for convenience food and extended shelf life to supply fresh food has attracted significant demand in recent times. The primary goal of fresh food packaging in many countries, is emphasizing on reducing the waste material and tamper detection facility to ensure that the provided service meets the predetermined standard protocol.

The fresh food packaging market has been growing in accordance with the packaging industry. With increasing awareness about global warming and concerns about the environment, the packaging industry is opting for eco-friendly techniques of packaging such as the use of recyclable packaging material, which has had an influencing impact on the market for global fresh food packaging in terms of increasing the demand of packaged fresh food.

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This report estimates the market size of the global fresh food packaging market in terms of value (USD billion). In this report, the market is broadly segmented on the basis of package material, pack type, application, and region. Market drivers, restraints, challenges, raw material, and product price trends are discussed in detail. Market share, by participant, for the overall market is discussed in detail. The global fresh food packaging market has grown exponentially in the last few years and this trend is expected to continue. Increasing awareness about the health concerns and innovations in eco-friendly packaging techniques drive the growth of the fresh food packaging market.

Crown Holding (US) and Amcor (Australia) are the Key Players in the Plastic Caps and Closures Market

MarketsandMarkets projects that the plastic caps and closures market size will grow from USD 40.52 Billion in 2018 to USD 51.67 Billion by 2023, at a CAGR of 4.99%. The plastic caps and closures market is witnessing considerable growth due to increasing demand for convenience packaging and growing concerns about product safety and security in the beverage, food, and pharmaceutical industries. Moreover growing bottled water market where plastic closures are used on a large scale is one of the major factor driving the growth of plastic caps and closures market.

The key players in the plastic caps and closures market include Berry Group (US) Crown Holding (US), AptarGroup (US), Amcor (Australia), Coral Products (UK), Closure Systems International (US), Bericap (Germany), Silgan Holdings (US), RPC Group (UK), and O.Berk Company, LLC (US). Other players include United Caps (Luxembourg), Caps & Closures Pty Ltd (Australia), Caprite Australia Pty. Ltd (Australia), Pano Caps (Canada), Plastic Closures Limited (UK), Cap & Seal Pvt. Ltd (India), Phoenix Closures (US), ALUPAC-INDIA (India), Helicap Closures (China), and MJS Packaging (US). These players adopted strategies such as expansions & investments, agreements & contracts, and strategic alliance, mergers & acquisitions, and new product & technology launches to strengthen their position, expand their global presence, and increase their share in the market.

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Crown Holding is one of the largest packaging companies in the world. The company offers a large number of packaging solutions catering to various end-use industries such as food & beverages, pharmaceuticals, powered drinks, and confectionery packaging. It operates in segments such as beverage cans, food cans & closures, and others and offers plastic closures under the food caps & closures segment. The company has adopted organic and inorganic strategies such as expansions & investments, and mergers & acquisitions to expand its global presence. For instance, in February 2018, Crown Food Europe, a subsidiary of Crown Holdings, introduced a new capping solutions package which will help food manufacturers to lower the total cost of ownership. The package includes the sale of its capping technology, ancillary components, and expert technical support for the machine’s service life. Three of Crown’s capping solutions—Smart Capper, Euro Capper, and Global Capper-are available for sale as part of this package.

Amcor is one of the leading companies in the plastic caps and closures market. It is a global packaging manufacturer that offers innovative packaging solutions. The company operates through two business groups, namely, flexibles and rigid plastics. The company caters to the food, healthcare, beverage, home, tobacco, and personal care industries through its broad range of flexible and rigid packaging products. It has maintained its leadership position through its strong distribution network across North America, Western Europe, Australia, and New Zealand. The company continues to expand its capacity by adopting organic strategies such as expansions and inorganic strategies such as acquisitions, joint ventures, and agreements across the world.

In November 2016, Amcor acquired Plastic Moulders Limited (Canada), a rigid plastics business engaged in the manufacturing of containers and closures for the food and home/personal care markets in North America at an estimated cost of USD 30 million. The acquisition contributed toward the expansion of Amcor’s closures business in North America.

In October 2015, Amcor introduced new child-resistant (CR) closures for ophthalmic packaging, a 15-mm-diameter polypropylene (PP) closure developed in line with the regulations of the federal government that require child-resistant closures for certain drug packaging.

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Plastic Caps and Closures Market by Product Type (Screw-on Caps, Dispensing Caps), Technology (Injection Molding, Compression Molding, Post-mold TE Band), Raw Material (PP, HDPE, LDPE), End-use Sector (Beverages, Food), Region – Global Forecast to 2023

The Growth of the Smart Labels Market was Largely Influenced by new Product Launches in the Past Years

The growth in the smart labels market is supported by the growing parent industries such retail, healthcare, logistics, and automotive in both developed and developing countries as well as increasing need for the automated ways of labelling which are responsible for both safety & security and to provide information related to end-products.

The key players in the market for smart labels market are CCL Industries, Inc. (U.S.), Checkpoint Systems, Inc. (U.S.), Avery Dennison Corporation (U.S.), Sato Holdings Corporation (Japan), and Zebra Technologies Corporation (U.S.). The other notable players in the market are Muhlbauer Holding Ag & Co. Kgaa (Germany), Smartrac N.V. (The Netherlands), Ask S. A. (France), Graphic Label, Inc. (U.S.), Thin Film Electronics ASA (Norway), and Willian Frick & Company (U.S.). These players have adopted various strategies to expand their global presence and increase their market share. Agreements & partnerships, acquisitions, investments & expansions, and new product launches are some of the major strategies adopted by the market players to achieve growth in the smart labels market.

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The growth of the smart labels market was largely influenced by new product launches in the past years. The year 2014 experienced a large number of investment strategies being used by top players in the market. Agreements & partnership, new product launches, and investments & expansions formed an essential part of their strategies, which led to the flow of considerable income within the company. To maintain the competitive advantages on the competitors, top players emphasized on new product launches. Along with the same, top players focused on signing agreements & partnership with others to expand the business operations.

New product launches were the major strategy adopted by most of the players in smart labels market. Companies adopted this strategy to increase the reach of their offerings, improve their production capacity, and focus on core operations. Companies aim to serve the market efficiently by investing in manufacturing facilities and acquiring distribution centers in the fast-growing regions. As a result of the same, Checkpoint System Inc. (U.S.), Smartrac N.V. (The Netherlands), and Sato Holdings Corporation (Japan) emphasized on launching new products to increase their product portfolios.

Checkpoint Systems, Inc. operates through three business segments, namely, merchandise availability solutions, apparel labelling solutions, and retail merchandising solutions. The merchandise availability solutions segment provides electronic article surveillance (EAS) systems, including antennas and deactivation units. The EAS consumables include alpha solutions, store security system installations, monitoring solutions (CheckView), radio frequency identification (RFID) systems, software, tags, and labels. The retail merchandising solutions segment includes hand-held label applicators and tags, promotional displays, and queuing systems. From 2011 to 2016, the company emphasized on new product launches to expand the product portfolio. The company launched 16 new products, and along with the same the company also signed agreements & partnership with different companies to expand their business operations in regions.

SMARTRAC N.V. was established in 2000. It is headquartered in Amsterdam, The Netherlands. The company produces inlays and other radio-frequency identification (RFID) components, which help to quickly and securely transmit and read data encrypted in access control, credit, ID, e-passport, and mass transport cards. SMARTRAC supplies its components to customers such as Gemalto (The Netherlands), Infineon (Germany), and Texas Instruments (U.S.), and delivers inlays to a majority of the world’s e-passport programs. The company caters its services to a number of different industries such as animal identification, healthcare, public transportation, supply chain & asset tracking management, electronic, automotive, and retail. From 2011 to 2016, the company launched 10 new products to increase their product portfolio and customer base. The company also signed six agreements with different companies in both developed and developing countries such as Finland, the U.S., Argentina, and South Korea.

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Smart Labels Market by Technology (EAS, RFID, Sensing, ESL, NFC tags), Components (Batteries, Transceivers, Microprocessors, Others), Application (Retail Inventory, Perishable Goods, Electronic & IT asset, Others), End-use Industry – Forecast to 2021

Avery Dennison (US) and CCL Industries (Canada) are the Key Players in the Self-Adhesive Labels Market

Self-adhesive labels are labels that have their back surface coated with an adhesive substrate; they do not require any application of glue or moistening. The growth of the self-adhesive labels market is projected to be driven by growth trends of the converting and packaging industries around the world. MarketsandMarkets projects that the self-adhesive labels market size is projected to grow from USD 31.06 billion in 2018 to USD 40.50 billion by 2023, at a CAGR of 5.5%. Factors such as increasing urban population, demand from end-use industries, increasing consumer awareness, and growth of the e-commerce industry have propelled the growth of the global self-adhesive labels market. With the increasing demand for convenience and quality food products, people are opting for packaged food products, where the product information and other details such as nutritional information and manufactured & expiry dates are printed.

The key players in the self-adhesive labels market are Avery Dennison (US), CCL Industries (Canada), Constantia Flexibles Group (Austria), UPM-Kymmene (Finland), Multi-Color Corporation (US), Coveris holdings S.A. (US), Fuji Seal International (Japan), Huhtamaki (Finland), LINTEC (Japan), and Torraspapel Adestor (Spain). Developments by self-adhesive label companies include acquisitions, new product developments, expansions, divestments, investments, agreements, collaborations, joint ventures, and partnerships. Companies are constantly investing in R&D activities to introduce self-adhesive label products and technologies to suit the growing requirements in the application areas.

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The years, 2017 and 2018 witnessed several product launches and acquisitions by key players in the self-adhesive labels market in order to strengthen their product & service portfolio, and cater to the untapped markets.

Avery Dennison is a global leader in labeling and packaging materials and solutions. Its wide range of products caters to a variety of applications across beverages, durable goods, food products, home & personal care products, pharmaceutical products, and wine & spirits. Its strong global presence, robust R&D capabilities, and adoption of growth strategies such as acquisitions, new product developments, expansions, and collaborations have ensured its prominent position in the market. In September 2017, Avery Dennison expanded its presence in Pune, India by opening an Innovation and Knowledge Centre, with the aim to support its partners, employees, and customers across South Asia Pacific and Sub-Saharan Africa (SAPSSA). This investment to integrate Knowledge Centre and Innovation Centre into a single location will accelerate their product development as well as ability to deliver faster solutions in order to meet customer’s requirements.

CCL Industries is one of the key converters of pressure-sensitive and extruded film materials. The CCL Label segment contributes to a major share of the company’s sales. For instance, it contributed around 59.4% to the overall sales in 2017. Its customer base comprises global consumer product, healthcare, chemical, and durable goods companies. The company adopted acquisitions as it key growth strategy to enhance its product portfolio. For instance, in May 2018, CCL Industries entered into an agreement to acquire Nortec International Ltd. (Israel) for USD 9 million. The acquired company specialized in the manufacturing of marking systems and high-performance labels. The acquisition was aimed at strengthening the company’s presence in Israel.

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Self-Adhesive Labels Market by Composition (Facestock, Release Liner, Adhesive), Type (Release Liner, Liner-Less), Form (Reels, Sheets), Application (Food & Beverages, Consumer Durables, Others), & by Printing Technology - Trends & Forecast to 2020