Car Door Latch Market Size Set to Grow with Valuation of USD 6.60 Billion till forecast 20222/25/2020
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Collapsible Metal Tubes Packaging are used since decades in various industries including cosmetics, industrial, pharmaceutical, food, and home care & personal care, among others. Due to the extensive use, the Collapsible Metal Tubes Packaging market is an ever-increasing space. Moreover, the advantage of extended shelf-life that these tubes offer escalates the market on the global platform.
According to Market Research Future (MRFR) global Collapsible Metal Tubes Packaging Market is expected to reach a valuation of USD 1,353.1 MN by 2023 by capitalizing on consumer intent. The adverse effects of plastic packaging are encouraging consumers to opt for alternative packaging. The enormous expansion of the pharmaceutical and cosmetics industries is another growth driver influencing the market demand. Owing to the augmenting demand in the personal care sector, the market is predicted to enjoy a 4% CAGR throughout the forecast period (2018 to 2023). The increasing public demand for innovative packaging formats is encouraging manufacturers to ramp up their production capacities worldwide. The penetration of plastic tubes being a viable threat to the environment offers a wide scope to bolster sales in the Collapsible Metal Tubes Packaging market over the forecast period. On the flip side, fluctuating prices and the demand-supply gap in the raw materials necessary for the production of these tubes are some of the key factors obstructing the market growth. Nevertheless, the rise in the consumption of Collapsible Metal Tubes Packaging in various burgeoning industries in developed as well as developing regions would support the growth of the market, providing a huge impetus throughout the assessment period. Segments The report segments the market into five key dynamics: By Product Type : Squeeze Tube and Twist Tube, among others. By Closure Type : Stand-up Cap, Nozzle Cap, Fez Cap, and Flip Top Cap, among others. By Capacity : < 20 ml, 20 to 100 ml, and More than 100 ml. By End-use : Cosmetics, Industrial, Pharmaceutical, Food, and Homecare & Personal Care, among others. By Regions : Asia Pacific, North America, Europe, and Rest-of-the-World. Regional Analysis The Asia Pacific region is the largest market for Collapsible Metal Tubes Packaging, globally. The market growth attributes to the expansion of various end-use applications such as cosmetics, industrial, pharmaceutical, food, and home care & personal care, among others. Due to the rapidly emerging markets in India and China where manufacturers offer cost-effective production and export rates to gain a substantial bottom line margin, the APAC region is further estimated to create a considerable revenue pocket during the forecast period (2018 to 2023). Furthermore, ample availability of cost-competitive raw material and workforce along with the rising development strategies that suffice the demand for Collapsible Metal Tubes Packaging are some of the key driving forces substantiating the growth in the regional market. North America Collapsible Metal Tubes Packaging market is another lucrative market. Attributing to the massive demand for personal care items, the region is expected to witness a fabulous growth throughout the forecast period. Continuous growth in the pharmaceutical sector, especially in the US and Canada, is supporting the market growth in the region. Competitive Landscape Highly competitive, the market appears to be highly fragmented due to the presence of several well-established players. Mergers & acquisitions, innovation, and brand reinforcement remain key trends for the leading players to gain a competitive advantage in the market. They strive to develop low-cost Collapsible Metal Tubes Packaging with longer life. The market competition is projected to intensify further due to the entry of new market players. Major Players: Players leading the global Collapsible Metal Tubes Packaging market include Montebello Packaging (Canada), Essel Propack Limited (India), Linhardt GmbH & Co. KG (Germany), ALLTUB (The Netherlands), Adelphi Healthcare Packaging (UK), Antilla Inc. (India), Jiujiang Deshun Adhesive Industry Co., Ltd (China), Universal Metal Products (US), Perfect Containers Pvt. Ltd. (India), and Andpak (US), among others. Read More : https://www.4shared.com/office/C2aYzMjAea/Tube_Packaging_Market_Growth.html https://yadi.sk/i/ky52O77R1VqbPw https://www.4shared.com/office/RB17e_7Kea/Custom_Aerosol_Packaging_Marke.html https://wwwmarketresearchfuturecom.prnews.io/174455-Pet-Plastic-Recycling-Industry-2020-Overview-and-Analysis.html https://newtecharticles.com/protective-packaging-market-share-outlook-and-future-scope-analysis-by-2023/ PET (polyethylene terephthalate) packaging has gained prominence in recent years. PET packaging was initially used for packaging soft drinks, but their usage has expanded to a wide range of packaging application. Market Research Future (MRFR) has launched a comprehensive report on the global PET Packaging Market Share, which is backed by historic data as well as forecast for the period of 2018-2023. MRFR has projected a CAGR of 5% in the PET Packaging Market Share.
The PET Packaging Market Share growth is substantiated by the expansion of key end-use industries, which include food & beverages, pharmaceuticals, cosmetics, personal care, and consumer goods. PET packaging offers various advantages over other packaging solutions. They provide enhanced protection from spoilage and aid in the retention of the attributes such as taste, aroma, texture, and look. Stringent government regulations pertaining to food safety have propelled the demand for PET packaging. Additionally, the development of advanced packaging techniques is likely to augur the growth of the market. However, volatility in the price of raw materials and stringent restrictions imposed on the use of plastics are likely to restrict the growth of the market over the forecast period. Segmentation The global PET Packaging Market Share has been segmented based on form, packaging type, pack type, and end-use industry. By form, the PET Packaging Market Share has been segmented into amorphous PET and crystalline PET. Form-wise, the amorphous PET segment is likely to dominate the market over the forecast period. Amorphous PET packaging is highly durable, water-resistant, and possesses high adhesive strength due to which it experiences heightened demand. By packaging type, the PET Packaging Market Share has been segmented into rigid packaging and flexible packaging. The flexible packaging segment is anticipated to exhibit considerable growth over the forecast period. As compared to rigid packaging, they offer several benefits. Flexible packaging requires lesser packaging material and generate negligible solid waste. Additionally, they are eco-friendly and require less storage and shipping cost. By pack type, the PET Packaging Market Share has been segmented into bottles & jars, bags & pouches, trays, lids/caps & closures, and others. The bottles & jars segment led the market in 2016 and is likely to retain its lead over the forecast period. Bottles & jars are safe, bendable, lightweight, and recyclable due to which they are preferred over other packs. They are extensively used in the packaging of beverages and carbonated drinks. By end-use industry, the PET Packaging Market Share is segmented into food & beverage, personal care & cosmetics, household products, pharmaceuticals, and others. The food & beverage segment dominated the market in 2016 and is anticipated to register the highest CAGR over the forecast period. Increasing consumer demand for packaged food products can be credited for the growth of the segment. Regional Analysis Region-wise, the PET Packaging Market Share has been segmented into North America, Europe, Rest-of-the-World (RoW), and Asia Pacific (APAC). The global PET Packaging Market Share was led by APAC in 2016 and is estimated that APAC will register the highest CAGR over the forecast period. The economic upturn in the region has considerably increased the demand for packaged goods in the region. Moreover, due to low operating cost, the presence of supportive policies, and low labor cost, various packaging companies are setting up their facilities in the region. Expansion of end-use industries such as pharmaceutical, food & beverage, and healthcare is favoring the growth of the market. The developed regions of North America and Europe are matured markets for PET packaging. These regions have been generating consistent demand for PET packaging due to high consumption of packaged products. Competitive Landscape Berry Plastics Group Inc. (U.S.), Smurfit Kappa Group PLC (Ireland), GTX Hanex Plastic Sp. Z O.O. (Poland), Klöckner Pentaplast GmbH & Co. Kg (Germany), CCL Industries, Inc. (Canada), Huhtamäki Oyj (Finland), Rexam PLC (U.K.), Resilux NV (Belgium), and Silgan Holdings (U.S.), E. I. Du Pont De Nemours and Company (U.S.), Dunmore Corporation (U.S.), PET Power B.V. (The Netherlands), Amcor Limited (Australia), Graham Packaging Company (U.S.), and Gerresheimer AG (Germany) are the key players in the PET Packaging Market Share. Read More : https://diigo.com/0gur80 https://articlespunch.com/asia-pacific-region-reported-to-be-leading-the-global-corrugated-boxes-market-in-the-forthcoming-years/ https://articleseffect.com/thermal-paper-market-size-2020-overview-and-analysis/ https://www.hashtap.com/@sagar.k/display-packaging-boxes-market-overview-challenges-opportunities-size-trends-and-analysis-by-2023-VRpRex5ePM2y https://www.reddit.com/user/sakkk18/comments/f6p1fn/plastic_caps_and_closures_market_trendsis_poised/ |
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October 2020
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