Thursday, 5 October 2017

Green Packaging Market By Product Type - Global Industry Insights, Trends and Forecast 2025

Green packaging, also referred to as sustainable packaging, is used for packaging goods that have a low impact on energy consumption and the environment.. Green packaging is created using recyclable, and biodegradable materials and hence, is energy-efficient. Biodegradable plastics, recycled products, plant-based plastics, and alternative energy sources are some of the materials used in green packaging. The key benefits of green packaging are material reduction, waste reduction, increased recycling and recycled content, energy conservation, increased use of renewable materials, and transport-efficient. Increasing awareness among consumers regarding the benefits of green packaging and government regulations that encourage people to adopt eco-friendly alternatives are projected to drive growth of the green packaging market during the forecast period.
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Green Packaging Market Taxonomy
On the basis of product type, the global market is segmented into:
    • Recyclable Packaging
      • Paper
        • Kneaf
        • Wheatstraw
        • Bamboo
        • Rice
        • Bagasse
        • Others
      • Plastic
        • Bioplastics
        • PET
      • Glass
      • Metal
      • Others
    • Reusable Packaging
      • Fibre Drum
      • Plastic Containers
      • Others
    • Degradable Packaging
      • OXO
      • BIO
On the basis of packaging type, the global market is segmented into: Folding Cartons
    • Corrugated Boxes
    • Voidfill/Cushioning Packaging
    • Others
On the basis of application, the global market is segmented into: Food and beverages
    • Healthcare
    • Personal care
    • Others
Recyclable packaging attributed to the largest market share in the global green packaging market, owing to its benefits such as energy conservation and reduced carbon footprint. Among application, the food and beverage industry segment is expected to hold a dominant position in the green packaging market due to increasing demand for food products such as raw milk, cheese, yoghurt, and other dairy products.
Green Packaging Market Outlook-
    Asia Pacific is the fastest growing region in the global green packaging market owing to its large food and beverage industry. Increasing population in emerging economies such as India and China, have increased the demand for food and beverages, in turn increasing the demand for green packaging for these products. This ultimately boosts growth of the green packaging market in Asia Pacific.
    North America and Europe are expected to witness a steady growth in the green packaging market. The stringent government regulations related to landfill and waste management are creating opportunities for growth of the green packaging market. The Environmental Protection Agency (EPA), sets recycling targets, which are stringently implemented in the U.S. U.S states and municipalities actively pass laws and support initiatives to meet these recycling targets. Although, packaging wastes were not specifically addressed in these laws.
    In Latin America, the Middle East, and Africa, strict regulations imposed on the use of conventional packaging are driving growth of the market for green packaging. The National Confederation of Industry (CNI) entered into an agreement with Ministries of Environment (MMA) and Industry, Trade and Services to develop services and products that minimize environmental impact and reduce energy consumption, raw materials, and emission generation.
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Manufacturers are adopting various organic and inorganic strategies to expand their product portfolio and enhance their strength. In 2014, Be Green Packaging, one of the leading players in green packaging was acquired by The Riverside Company.
Poor infrastructure facilities for recycling and high costs associated with recycling are  factors that restraint growth of the  green packaging market.
Some of the key players in global packaging are Be Green Packaging, Amcor, DS Smith, Evergreen Packaging, DuPont, Mondi, Rexam, Nampak, Sealed Air, Mondi Group, Tetra Laval (Tetra Pak), and Bemis Company, Inc.
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Forging Market- Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2017-2025

Forging refers to a process of shaping the material by applying compressive force manually; by forging machines or with the use of power hammers. Forging process can be carried out on materials in either cold or hot state. These forged parts include bolts, connecting rods, turbine shafts, crane hooks, hand tools, gears, and other components used in machine manufacturing. These products offer toughness, strength, stress, and are reliable end-use industry such as automotive, mining, and aerospace and various other applications.
Forging activities find diverse use in many industries mainly in automotive, aerospace, and oil and gas industries which in turn boosting the forging market and is also anticipated to drive this market over the forecast period.
Global Forging Market Taxonomy
On the basis of type, the global forging market is segmented as:
    • Open Die Forging
    • Closed Die Forging
    • Seamless Forging
    • Roll Forging
    • Upset Forging
    • Precision Die Forging
    • Rotary Forging
    • Others
On the basis of end-use industry, the global forging market is segmented as:
    • Automotive
    • Mining
    • Construction
    • Aerospace and Defense
    • Agriculture
    • Power
    • Oil & Gas
    • Others
On the basis of order, the global forging market is segmented as:
    • Custom Forging
    • Catalogue Forging
    • Others
On the basis of raw material, the global forging market is segmented as:
    • Aluminum
    • Magnesium
    • Stainless Steel
    • Titanium
    • Beryllium
    • Brass
    • Copper
    • Bronze
    • Zirconium
    • Others
The closed die forging segment (impression die forging) is the dominant segment in the global forging market and is anticipated have a continuous growth over the forecast period. This is due to its high dimensional accuracy and fine surface finishing. The aerospace and automotive industry are the biggest end users of the closed die forging method.
The automotive segment is accounted to have the largest share in the global forging market. Low fuel rates and interest rates are the key factors driving the growth of automotive industry of the forging market. Similarly, custom forging is witnessed as the dominant segment amongst the order types owing to its immense use in submarines, refineries, space crafts, missiles, pressure vessels, offshore rigs, scientist research equipment, and some others.
Global Forging Market Outlook
    Asia Pacific is projected to be the dominant region in the global forging market having the largest market share in the world followed by North America. Development in infrastructure, advancement in automotive and construction industries in the emerging economies and recognition of the emerging country such as India as the manufacturing hub is propelling the growth of forging market in this region. Moreover, the burgeoning outsourcing of forging activity backed by government initiatives have contributed to the growth of forging market in this region. China, is the key producer of forging products in this region.
    North America has witnessed a burgeoning growth in the global forging market. One of the main reasons behind the growth is due to the increasing demand for rolled ring forging which is ruling the aerospace industry of this region. According to the Forging Industry Association, forging appears in the 20% of products which represents the GDP of U.S.
    Europe is anticipated to witness a significant growth in the global forging market. According to an article published by Euroforge, Germany is one of the major players in this industry accounting for 48% of the forging production. Tata Steel and ThyssenKrupp AG agreed to merge their steel operations to emerge as the continent’s number 2 steelmaker. Environmental and government regulations have given significant pace to global forging market in this region.
Key Players in the Global Forging Market
Key players operating in the global forging market include Bharat Forge Limited., Alcoa, Precision Castparts, ATI Ladish Forging, HHI forging, American Axle & Manufacturing Holdings, Ellwood Group, FRISA, and Scot Forge.
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Baby Care Products Market – trends, Industry Insights, Outlook and Forecast 2017-2025

The Global Baby Care Products Market is drastically increased, owing to increase in infant population and high spending capacity of the people. Baby care products market is anticipated by the positive impact of rising number of women in the workforce, which is accounted to be on an average of 4.1% globally over the last three decades. Moreover, health concerns of consumers and desire to purchase products at premium prices has led to the growth of baby products market globally. The choice of baby care products by consumer depends upon various aspects, such as product sustainability, cost efficiency with value perceived, health benefits, and convenient usage, which is further driving the growth of the baby care products market.
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Manufactures are promoting baby hygiene with the help of government and NGOs, in turn is fueling the demand for baby care products during the forecast period.
Global Baby Care Products Market Taxonomy
On the basis of product, the baby care products market in segmented in:
    • Baby Skin Care
      • Baby Massage Oil
      • Body Lotions
      • Creams/Moisturizers
      • Talcum Powder
    • Baby Hair Care Products
      • Baby Shampoo and Conditioner
      • Detangles
    • Bathing Products
      • Soaps
      • Bubble Bath/Shower gel
    • Baby Toiletries
      • Diapers
      • Baby Wipes
      • Baby Fragrances/Perfumes
    • Baby Food & Beverages
      • Bottled Baby Food
      • Baby Fruit & Vegetable Juices
      • Pureed Baby Food
      • Baby Food Cereals
      • Baby Milk Product
      • Baby Food Soups
On the basis of distribution channel, the baby care product market is segmented as:
    • Hypermarkets
    • Supermarkets
    • Specialty Stores
    • Convenient Stores
    • Online Markets
On the basis of category, the baby care products market is segmented as:
    • Premium Products
    • Mass Products
Baby Skin Care products and Toiletries segments holds the highest prominent share in baby care products market, due to the increase in awareness of child safety and increase in the standard of living of the people.
Furthermore, in toiletries, baby diapers holds the largest market share in the baby care product market, owing to rise in expenditure of healthcare, increasing awareness in personal hygiene and sanitization, urbanization, and cautions taken by parents. However, baby hair care products hold relatively smaller share in the global baby care products market.
Baby food products holds the second largest segment in the global baby care product market, as it provides various nutrients such as protein, vitamin B12, iron, and carbohydrates to the baby. On the other side, baby bathing products is witnessed to have a significant growth in the baby care products market.
Global Baby Care Products Market Outlook
    The North America accounts to largest share in the global baby care product market and it is projected to continue dominance over forecast period, due to the high spending rate, advanced technology, and infant safety. According to National Centre for Health Statistics, the birth rate in US is up to 12.4 per 1000 people. Europe, Middle East, and Africa are projected to have the significant growth rate with high share contribution in the baby care products market.
    Asia Pacific is witnessed to be the fastest growing region in the baby care products market, due to rising birthrate among the emerging economies, such as China and India with increasing demand for infant care items over the forecast period. Additionally, changing lifestyle, rise in disposable incomes, increasing awareness of infant nutrition, hygiene, and safety is driving the growth of baby care products market in Asia Pacific region.
In India, key players such as Johnson and Johnson, Nestle, and Danone Inc. are aiming to grow the market up to 15% on account of increase in spending capacity per child. Furthermore, it is projected that the number of babies between the age group of 0-5 is witnessed to increase from 127 million to 135 million over the forecast period. This will further enhance the global baby care products market.
The major players are adopting organic and inorganic strategies such as, focusing on increasing their presence through mergers and acquisitions. For instance, in 2016, Dabur South Africa (Pty) Ltd., acquired South Africa’s CLT group of Companies personal care, hair care, and cream businesses.
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In July 2016, Johnson and Johnson acquired Vogue International LLC which manufactures and distributes hair care and other personal care products.
Global Baby Care Product market is dominated by various companies such as Procter & Gamble Co., Kimberly Clark Corp., Johnson and Johnson, Unilever Plc., Abbott Nutrition, Nestle S.A., BABISIL, Cotton Babies, Inc., Danone S.A., The Himalaya Drug Company, Farlin Infant Products Corporation, Avon Healthcare Limited Company, Bonpoint S.A., Dabur International Limited, Burt’s Bees Inc., L’Oreal S.A., etc.
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Road Marking Materials Market - Global Industry Insights, Trends and Forecast 2025

Road marking materials are used to make road markers on pathways and roadways are to provide information to driver and pedestrians and provide signs on motorways, streets, berms, parking areas and airfields. Markings are standardized and improve road safety and to avoid confusion in driveways. Road marking materials are classified into two types of materials that are paint based marking and performance based marking. Performance based marking is further categorized into cold plastics and thermoplastics and paint based marking are categorized into water-based, epoxy, polyurethane-based paints and solvent based paints. Paint based marking is estimated to drive the road marking materials market over the forecast period.
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Paint based marking, specifically water based paints, is expected to fuel the demand for the global road marking materials market with increase in production capacity coupled with rapid urbanization and low cost of paints. Epoxy paints are paint based marking material which is expected to gain traction in the forecast period for the road marking materials market due to its low rate of dirt pickup and has exceptional adhesive properties. Technological advancement to decrease maintenance cost such as intelligent road marking system, increasing application in airways and government safety standards are some of the factors to drive the global road marking materials market during the forecast period. Thermoplastics and solvent based paints are extensively used for road marking due to various properties such as quick drying, inexpensive, enhance adhesion to oily and asphaltic surfaces. In new developments cold plastics are new economical materials which comprise of water-reducing agent, thermoplastic resin, mineral filler, and colorant which have high potential of growth in the global road marking materials market. Polymerization is a chemical reaction which helps the plastic to harden onto the road surfaces. Owing to these factors global road marking materials market is expected to increase at a significant growth rate over the forecast period (2017-2025).
Road Marking Materials Market Taxonomy
On the basis of application, the global road marking materials market is segmented into:
    • Airport marking
    • Space marking
      • forklift working spaces
      • unsafe zones
      • loading bays
      • safe designated (walkways and stairs)
      • workshop demarcations
      • internal floors in warehouses
      • distribution and logistics centers
    • Highway marking
    • Factory marking
    • Car park marking
    • Others
On the basis of material types, the global road marking materials market is segmented into:
    • Paint-based marking
      • Epoxy-based paint
      • Polyurethane-based paint
      • Water-based paints
      • Solvent-based paint
    • Performance-based marking
      • Thermoplastics
      • Cold plastics
    • Others
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Increasing awareness for visibility during nighttime travels and road safety in last decade is expected to drive the global road marking materials market during the forecast period. There are various road markings available such as white line marking, double yellow line marking, and single line marking, which includes motorways and highways, bus and cycle lanes, pedestrian crossings, and private roads. The choice of road marking material is governed by its price, durability, and application area.
In terms of material types, paint-based markings segment is the leading contributor to the global road marking materials market, exceeding the performance-based markings segment by a huge margin in 2015. Owing to its longer durability and low costs, paint-based coatings are more favored as compared to performance based products.
Road Marking Materials Market Outlook –
Asia Pacific market for road marking materials is accounted to be dominated in 2015 and is expected to remain dominated during the forecast period due to increase in highway construction and roadways, awareness for workplace safety, road safety and development in construction sector. Rising awareness on safety coupled with urbanization in India and China is expected to lead the global road marking materials market over the forecast period.
Global road marking materials market is a competitive market among which Asian Paints PPG is the market leader in the field of thermoplastic road markings. APCOMARK is product of Asian paints used is manufactured under the rule of clause 803.4, "Specifications for Road and Bridge Works" of Ministry of Road Transport & Highways. For the famed Golden Quadrilateral and NSEW project of NHAI across the country., APCOMARK has been used. According to United States Department of Labor, part title occupational safety and health standards, part number 1910, sub part ‘J’, safety color code for physical hazards marking are: 1910.144(a) for color identification, 1910.144(a)(1) for Red. Red will be the color for identification of: 1910.144(a)(1)(i)- Fire protection equipment and apparatus, 1910.144(a)(1)(ii)-Danger, red lights should be provided at temporary obstructions and obstructions. Danger signs shall be painted red, 1910.144(a)(1)(iii)-Stop, stop bars on hazardous machines such as flat work ironers, rubber mills,  wire blocks, etc., shall be red. 1910.144(a)(3) for Yellow, Yellow shall be for caution and for physical hazards such as: Striking against, stumbling, tripping, falling, and "caught in between."
Some of the key participating players in the road marking materials market are Aximum S.A.,  The Sherwin-Williams Company, Geveko Markings, Ozark Materials LLC, Lackfabrik GmbH, Swarco Limburger and Kelly Bros Erinline along with others.
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Wednesday, 4 October 2017

PET Preforms Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

Polyethylene terephthalate (PET) preforms are the unfinished products made by injection molding of polyethylene terephthalate, which is the most common thermoplastic polyester.  PET is strong, stiff, hard, and dimensionally stable material. It is resistant to water, gas, and all the chemicals except alkalis. PET is colorless and highly transparent. Food and beverages industries are continuously replacing glass and other metals bottle with PET bottles.
PET products have various properties such as light weight, long shelf life, and are easy to handle, owing to these advantages PET products are widely used in packaged food and beverages industries. PET products are widely used in healthcare and cosmetics industries, due to the innovations in packaging industry. Increasing demand for pack weight reduction, the rise in consumption of carbonated soft drink, and new product developments are some of the major drivers for the growth of PET preform market. Stringent government regulations on usages of plastic products and unavailability of recycling facilities are major restraint for PET preforms market.
PET preforms Market Taxonomy:
On the basis of End-Use Industry, the PET preform market is segmented into:
    • Food and Beverage Industry
    • Cosmetics Industry
    • Pharmaceutical & Liquor Industry
    • Bottle Industry
On the basis of applications, the PET preform market is segmented into:
    • Water bottles
    • Carbonated Soft drink (CSD) bottles
    • Oil/Edible oil bottles
    • Food packaging
    • Juice/ Milk bottles
    • Alcoholic Drinks Bottles
    • Others (Chemicals, Pesticides, Households etc.)
On the basis of neck standards, the PET preform market is segmented into:
    • Standard PCO
    • Standard 28/410
    • Standard 29/21
    • Standard 29/25
    • Standard 30/25
    • Standard 48/41
    • Standard 38 mm
    • Standard 48 mm
    • Standard 52 mm
On the basis of the distribution channel, the PET preform market is segmented into:
    • Wholesaler
    • Online
PET preform Market outlook:
    Asia Pacific is the fastest growing region in PET preforms market. There is high demand for PET preforms in emerging economies such as China, Japan, and India. China is the largest market for PET preform in this region. Increasing demand for carbonated soft drinks, purified water, food, beverages, and pharmaceutical liquor due to the growing population in economies such as India and China has increased the demand for plastic products and plastic industries, in turn fueling the PET preform market in this region. According to Council of Scientific and Industrial Research (CSIR)-National Chemical Laboratory (NCL), nearly 900-kilo tons of PET was produce in India in 2015-16, out of which 820-kilo tones were used in the production of PET products. 65% of the same is recycled at registered recycled facilities, 15% is unorganized sector and 10% is reused for domestic uses. India has the highest recycling rate of PET products, which is the major driving factor for the growth of PET preform market over the forecast period.
    Europe is the second largest market in the PET preforms. Europe shows steady growth in plastic industry market from last five year. Germany, Italy, France, and U.K are the major economies in the production of plastic products in this region. According to the PlasticsEurope, Research and Statistics group (PEMRG), out of total plastic production in Europe, about 39% of plastic is used in the packaging application. In 2013, 41% of plastic packaging was recycled in Germany. Increasing demand in the packaging of food and beverages and increasing awareness about recycled products are the major factors fueling the growth of the PET preforms market in this region over the forecast period.
    North America is the leading player in plastic industries. Canada and the U.S are the major players in the plastic and plastic products industry. Around 92% of plastic products manufactured in Canada are exported to the U.S. Canada’s plastic industry valued at over US$ 17 billion. Canada and Mexico are the primary export markets for the U.S. Leading plastic industry groups of North America, such as Plastic Industry Association (PLASTICS), Canadian Plastics Industry Association (CPIA) and AsociaciĂłn Nacional de Industrias del Plástico A.C. (ANIPAC) are focusing on growth and development of plastic industry across the North America. These groups are actively working towards forming a common industry platform to implement priority policies, in line with the modernization of North America Free Trade Agreement (NAFTA), which will strengthen the growth of plastic industry in near future.
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In February 2017, Alpha packaging company has acquired Star East PET. Alpha is the largest packaging company while Star East PET is the Romanian manufacturer of PET preforms for food, non-food and drink products. By this acquisition, Alpha expand its production capacity in Eastern Europe with increasing product portfolio and customer base.
Key players in the PET Preforms Market
Key players operating the global PET preforms market include Plastipak Holdings, Inc. (the U.S), ALPLA Werke Alwin L. GmbH & Co KG (Austria), Societe Generale des Techniques (France), KOKSAN Pet Packaging Industry Co. (Turkey), Zhuhai Zhongfu Enterprise Co. Ltd (China), Retal Industries Ltd. (Cyprus), Indorama Ventures Public Company Limited (Thailand), Rawasy Al Khaleej Plastic Ind. (UAE), RESILUX NV (Belgium), and Taiwan Hon Chuan Enterprise Co. Ltd (Taiwan).
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Soups Market- Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

Soup is a type of liquid food that is prepared using vegetables, meat, fish, water, and other additives. Consumption of soup has many benefits. It is a source of nutrients, which are essential for proper functioning of the body. American Heart Association recommends that an adult should consume eight or more servings of vegetables and fruits per day. Soups can help to achieve this amount easily. The growing demand for convenience foods, increasing health awareness, introduction of new flavors in the market, and attractive advertisements by the soup manufactures are the key drivers of soups market. Moreover, urbanization, growing disposable incomes, increase in working women population, and hectic lifestyle are further fueling the growth of soups market.  The rising awareness about health risks associated with the consumption of preservatives in ready-to-cook soups is a major restraint for soups market. However, many manufacturers are introducing products with low preservative content.
Soups Market Taxonomy
Based on product type, the soups market is segmented into
    • Canned
    • Chilled
    • Dried
    • Frozen
    • UHT
Based on distribution channel, the soups market is segmented into
    • Supermarkets
    • Hypermarkets
    • Convenience stores
    • E-commerce
Dried soup is projected to be the largest segment in the soups market, owing to the high demand for quick meals. Demand for canned soups is decreasing, owing to the increasing health awareness of consumers about the presence of preservatives in these soups and dislike for heavy metal packaging. Furthermore, consumers prefer soups, which are easier to open as compared to canned soups and come in biodegradable packaging. Hypermarkets and supermarkets are the biggest and favorable distribution channels in the soups market.
Soups Market Outlook
    Europe holds a major share in the global soups market. This is, as a result of the growing demand for high-quality meals that can be prepared in short time. The U.K., France, Russia, Spain, and Germany are the major contributors to the growth of soups market in this region.
    Asia Pacific is projected to be the fastest growing market over the forecast period, owing to the availability of a wide variety of products in the market and changing consumer preference toward healthier products. Furthermore, abundance of raw materials, especially in India and China, is further fueling the growth of soups market. The market in Asia Pacific is highly cost competitive, owing to which, many brands such as Knorr by Unilever Plc. are launching inexpensive variants in local authentic flavors to attract consumer attention.
    North America soups market is expected to witness significant growth over the forecast period. The U.S. Food and Drug Administration has imposed stringent regulations on safety of food products such as soups, which plays a pivotal role in market growth.
    In Latin America, Middle East, and Africa, increasing per capita income, health awareness, industrialization, literacy, and changing consumer preferences are projected to be the market drivers
The companies are adopting various inorganic and organic growth strategies such as new product launch, mergers, and acquisitions to retain their market position. For instance, Campbell Soup acquired Pacific foods in June 2017 for US$ 700 million. An example of new product launch is the Well Yes! Line of soups by Campbell, which contains ingredients such as kale, farro, sweet potatoes, and quinoa in January 2017. Key market players in the soups market are Associated British Foods, Baxter’s Food Group, B&G Foods, Inc., Campbell Soup Co., Greencore Group Plc., General Mills, Inc., NestlĂ© S.A., Nissin Foods Holdings Co. Ltd, The Kraft Heinz Company, and Unilever Plc.
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Micro Packaging Market - Global Industry Insights, Trends, Outlook 2025

The creation of an impermeable layer of just few millimeters thick by using nano-particles is known as micro packaging. The flexibility, isolation, and cost effectiveness provided by this technique makes it an appealing packaging technique. Micro packaging has been employed in food, beverages, and pharmaceutical industries. The leaking of oxygen into the package results in increased rate of oxidation, which will reduce the shelf life of the product. Also, contamination from dust and pathogens will affect food quality. An alternative to micro packaging is coating of metal or glass on the packaging, but this will result in reduced flexibility.
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The major drivers are the advantages of food, beverages, and pharmaceuticals lasting longer, coupled with remaining free from any contamination. The major challenges are leaching of nano-particles into the food stream. Investment in R&D is required to examine effects of nano-particles on human health. Also, expensive manufacturing technology and lack of technical know-how has hindered the market growth.
Micro Packaging Market Taxonomy
On basis of Packaging function, the Micro packaging market is segmented into:
    • Primary Functions
      • Protective
      • Storage
      • Loading and Transport
    Secondary Functions, the Micro packaging market is segmented into:
      • Sales
      • Promotion
      • Service
      • Guarantee
    • Tertiary Functions
On basis of packaging type, the Micro packaging market is segmented into:
    • Paper and Board
      • SBS
      • WLC
      • Other
    • Corrugated Boxes
    •  Boxboard
      • Rigid Boxes
      • Folding Boxes
      • Trays
    • Flexible Paper
      • Paper bags
      • Shipping Sacks
      • Sachets/Pouches
      • Blister and Strip Packs
      • Stand up Pouches
    • Glass
    • Liquid Cartons
      • Brick Liquid
      • Gable Top Liquid
      • Shaped Liquid
    • Metal Packaging
    • Paper Based Container
      • Bag-in Box
      • Folding Container
On basis of end user industry, the Micro packaging market is segmented into:
    • Pharmaceuticals
    • Food and Beverage
    • Personal Care Products
    • Others
Primary packaging is the layer, which is in contact with the product. Its function is to provide protection to the product from external factors and isolate it from the environment. Any subsequent packaging layers can be installed after this layer. The secondary packaging’s use is to protect the primary packaging layer and also serve branding, promotion, and logistical purposes. Any additional packaging is also called tertiary packaging.
The pharmaceutical industry is expected to be the largest driver of the micro packaging market in both packaging and drug delivery applications. Increased shelf life of medicines has fueled the use of micro packaging.
Micro Packaging Market Outlook
    Asia Pacific is the fastest growing region in the micro packaging market. The burgeoning food and beverage industry has contributed to market growth, due to large amount of time spent by goods in transit and long shelf lives in products is vital. Moreover, India and China are hubs for manufacture of pharmaceuticals, which are then sold in Europe and North America.
    Europe is a leading region for innovation due to high R&D investments. Stringent environmental regulations have led companies away from conventional packaging to sustainable practices such as micro packaging.
    North America is major supplier of pork and beef to China, the use of micro packaging helps keep the meat fresh during transit. China is projected to import 3 million tons of pork in 2017. Due to recent meat quality issues in China, it is vital for meat packagers to employ techniques to ensure freshness. This will allow for consolidation of market share in Chinese market.
    Middle East is witnessing growing demand for food due to rising tourism and high disposable incomes. Moreover, in an attempt to reduce reliance on food imports, investments in food and packaging sector are projected to rise. Africa is a fledgling market and is not expected to boost the micro packaging industry in the forecast period.
    In Latin America, Brazil, Mexico, and Argentina are among the largest producers of generic drugs. The drugs are exported to almost 40 countries. Nano packaging ensures their quality during storage and trans-Atlantic travel. This will boost the micro packaging industry in the region.
Check the Trending Report of Micro Packaging Market: https://www.coherentmarketinsights.com/ongoing-insight/micro-packaging-market-778
The European Union (EU) in 2017 awarded the NanoPack consortium US$ 8.8 million (€7.7 million) to develop anti-microbial surfaces to improve shelf life of products. The consortium was led by Technion-Israel Institute of Technology and has seventeen more partner organizations.
Major players in the micro packaging market are Alcoa Inc, Amcor, Bemis, Beijing ChamGo Nano-tech Co. Ltd, Color Matrix Corporation, Honeywell, InMat.
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