Thin Wall Packaging Market Worth $53.7 Billion By 2023 | Latest Update

 The report "Thin Wall Packaging Market by Product Type (Tubs, Cups, Jars, Trays, Clamshells, Lids, Pots), Production Process (Thermoforming, Injection Molding), Material (PP, PE, PET, PS, PVC), Application (Food, Beverages), and Region - Global Forecast to 2023" The thin wall packaging market is expected to grow from USD 42.8 billion in 2018 to USD 53.7 billion by 2023, at a CAGR of 4.64%. Rising demand for packaged food coupled with a growing preference for customer-friendly and lightweight packaging and cost-effectiveness drive the demand for thin wall packages. Furthermore, the increase in demand from the food & beverage industry and the aesthetic appeal of thin wall packaging further boost its market growth.

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Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the global thin wall packaging market. These approaches were also used extensively to estimate the size of various dependent subsegments in the market. The research methodology used to estimate the market size includes the following details:

• The key players were identified through extensive secondary research.
• The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
• All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

On the basis of application, the thin wall packaging market has been categorized as follows:

• Food
• Beverages
• Others (pharmaceuticals, cosmetics & personal care, and industrial)
• 

On the basis of region, the thin wall packaging market has been categorized as follows:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

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The polypropylene segment is expected to dominate the thin wall packaging market through 2023

The polypropylene segment is projected to account for the largest share of the thin wall packaging market, in terms of value and volume, from 2018 to 2023. This is attributed to various benefits offered by polypropylene thin walled products, such as high stiffness, heat resistance, steam barrier properties (food protection), elasticity (film and fiber applications), enhanced transparency, and strong impact and rigidity balance.

Digital Printing Packaging Market worth 42.11 Billion USD by 2026 | Covid-19 Analysis | MarketsandMarkets

 The global digital printing packaging market was valued at USD 10.14 Billion in 2015 and is projected to reach USD 42.11 Billion by 2026, at a CAGR of 13.9%. The base year considered for the study is 2015 and the market size projected for mid-term is from 2016 to 2021, and long term from 2016 to 2026. The primary objective of the study is to define, segment, and project the digital printing packaging market size on the basis of printing inks, printing technology, format, packaging type, end-use industry, and region.

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The study also aims at strategically analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market. It also provides detailed information about the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). In addition to this, the study analyzes competitive developments such as partnerships, agreements, contracts, and joint ventures; mergers & acquisitions; expansions; new product developments; and research & development activities in the digital printing packaging market.

Based on Printing Inks, the market has been segmented as follows:

Solvent- based

UV-based

Aqueous

Others (latex and dye sublimation inks.)

Based on Printing Technology, the market has been segmented as follows:

Thermal transfer printing

Inkjet printing

Electrophotography & electrostatic printing

Others (direct thermal printing, toner-based printing systems ionography, and magnetography)

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Factors such as fluctuations in the prices of raw material have caused an unfavorable impact on the profitability of the printing industry. The global digital printing packaging market is dominated by players such as HP Inc. (U.S.), Xerox Corporation (U.S.), Quad/Graphics Inc., Mondi plc (South Africa), i.e. Du Pont De Nemours and Company (U.S.), and Kodak Co. (U.S.). These players adopted various strategies such as new product developments, agreements, partnerships, and expansions to cater to the needs of the digital printing packaging market.

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AkzoNobel N.V. (Netherlands) and Axalta Coating Systems, LLC (US) are the Key Players in the Metallic Powder Coatings Market

 The Metallic Powder Coatings market is projected to grow from USD 2.3 billion in 2020 to USD 3.3 billion by 2025, at a CAGR of 7.5% between 2020 and 2025. The Increasing demand for metallic pigments from the architectural and automotive industries and large organized and unorganized aftermarkets for wheels are driving the metallic powder coatings market.

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The key market players are AkzoNobel N.V. (Netherlands), Axalta Coating Systems, LLC (US), Jotun A/S (Norway), PPG Industries (US), The Sherwin-Williams Company (US), and Tiger Coatings GmbH & Co. KG (Austria). These players have adopted various strategies, such as merger & acquisition, investment & expansion, and new product launch to grow in the market. Investment & expansion was the key strategy adopted by the major players between 2016 and 2020. This strategy helped companies increase their geographic presence.

AkzoNobel N.V. (Netherlands) is a diversified chemical company active in the fields of decorative paints and performance coatings. Metallic powder coatings are offered under the performance coatings segment. AkzoNobel N.V. has a strong customer base and operates in more than 150 countries of Europe, APAC, South America, and the Middle East. In July 2019, AkzoNobel announced plans to add three new production lines at its Changzhou powder coatings plant in China—the company’s largest facility of its kind in the world. The USD 3.3 million investment will support additional supplies of acrylic powder coatings, metallic powder coatings, and powder primers for the automotive sector, strengthening AkzoNobel’s ability to deliver more locally produced premium products.

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Axalta Coating Systems, LLC (US) is a diversified coating company that operates through two business segments: Performance Coatings and Transportation Coatings. Powder coatings are a part of the Performance Coatings segment. This company is active in the fields of liquid coatings and powder coatings that are used for various applications such as automotive OEMs, automotive refinish, transportation, general industrial, architectural, and decorative coatings. In December 2019, Axalta strengthened its position in the global powder market by investing in bonding capabilities for metallic effect powder coatings. The investment will enhance Axalta’s new bonding production line in Landshut, Germany, and upgrade bonding equipment and capabilities in Houston, Texas, US and Shanghai, China, to enable customers to purchase best-in-class metallic effect powder coatings more easily.

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Market Leader - Dimethyl Carbonate Market | MarketsandMarkets

 The dimethyl carbonate market is projected to grow from USD 797 million in 2020 to USD 1,078 million by 2025, at a CAGR of 6.2% from 2020 to 2025. The increasing demand for polycarbonates and lithium-ion batteries is expected to drive the global dimethyl carbonate market.

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Ube Industries Ltd. (Japan), Merck KGaA (Germany), Kowa Company Ltd. (Japan), Kishida Chemical Co. Ltd. (Japan), Shandong Shida Shenghua Chemical Group Co., Ltd. (China), Guangzhou Tinci Materials Technology Co., Ltd. (China), Haike Chemical Group (China), Arrow Chemical Group Corp. (China), and Panax Etec (Korea) are some of the leading players operating in the dimethyl carbonate market. These players have adopted the strategies of expansions and joint ventures to enhance their position in the market.

In line with the rising demand for dimethyl carbonate, in July 2019, Ube Industries announced that it will increase its production of basic chemical dimethyl carbonate by opening a new plant in the US. The production facility would approximately produce 50,000 tons of DMC as well as 20,000-30,000 tons of purified DMC annually.

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In August 2016, Ube Industries opened its Osaka Research and Development Center at Sakai City in Osaka Prefecture (Japan). This expansion, in which the company invested USD 27 million (approximately), helped the company in its research and development endeavors.

Ube Industries, in March 2016, announced a joint venture with CNSG Anhui Hong Sifang Co., Ltd. (China) to license its technology to manufacture dimethyl carbonate. CNSG Anhui Hong Sifang Co., Ltd. will construct a manufacturing facility in Hefei, China, to produce DMC that will have an annual production capacity of about 100,000 tons. Additionally, it will establish a joint-venture to manufacture and market high purity DMC with an annual production capacity of 10,000 tons of DMC. The joint venture will receive a share of DMC from CNSG Anhui Hong Sifang and produce high-purity DMC. The joint venture will help Ube Industries market its products to manufacturers of electrolytes for lithium-ion batteries (LIBs) in the Chinese market. Some products will be supplied to AET Electrolyte Technologies (Zhangjiagang) Co., Ltd., a subsidiary of the Ube Industries Group with electrolyte manufacturing operations in Zhangjiagang, Jiangsu Province, China.

Shandong Shida Shenghua Chemical Group Co. Ltd., in December 2017, announced athat it signed a cooperation agreement with a new energy research institute on hydrogen fuel cells and lithium-ion battery business. This development is likely to boost their effort to manufacture high purity solvent.

Market Leader - Plastic Waste Management Market | Top 10 Key Tactics And Pros

 The plastic waste management market size is projected to grow from USD 32.6 billion in 2019 to USD 37.9 billion by 2024, recording a CAGR of 3.1% during the forecast period. The increase in awareness programs regarding sustainable waste management practices is projected to drive the growth of the plastic waste management industry across the globe during the forecast period.

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Veolia Environnement (France), SUEZ (France), Waste Management, Inc. (US), Republic Services (Republic) (US), Stericycle (US), Clean Harbors (US), Waste Connections, Inc. (US), Covanta Holding Corporation (Covanta) (US), Biffa (UK), and Remondis SE & Co. KG (Germany) are the key players operating in the plastic waste management market. These players have adopted numerous growth strategies such as expansions, new product & service developments, acquisitions, partnerships, contracts, and joint ventures to increase their market shares and enhance their service portfolios.

The strategies of expansions, partnership, and joint venture together accounted for the largest share of all strategic developments that took place in the plastic waste management market between January 2017 and August 2019. Companies such as Veolia Environnement (France), SUEZ (France), Biffa (UK), Covanta Holding Corporation (US), Clean Harbors (US), and Remondis SE & Co. KG (Germany) are the key players operating in the market that adopted these strategies to strengthen their service portfolios, expand their market presence, and enhance their growth prospects in the plastic waste management industry.

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Veolia Environnement is the foremost waste management service provider, which offers various waste management services under its waste management segment. Veolia is among the key global players involved in the management of solid, liquid, non-hazardous, and hazardous waste. It is engaged in the entire lifecycle of waste management from collection to the recovery of waste. The company’s strong customer base has strengthened its position in the plastic waste management market. Moreover, its various growth strategies, such as strategic partnerships, expansions, and agreements, have enabled the company to reach out to fast-growing markets where the concern for environmental services is of paramount interest.

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Market Leader - Chromatography Resin Market | (Expected To Reach USD 3.3 Billion By 2025, At A CAGR of 8.2%)

The chromatography resin market size is estimated to be USD 2.2 billion in 2020 and is expected to reach USD 3.3 billion by 2025, at a CAGR of 8.2% during the forecast period. Factors such as increasing demand for therapeutic antibodies, public-private investment in pharmaceutical & life science research, and rising concern for food safety will drive the chromatography resin market. The major restraint for the market will be lack of adequate skilled professionals and presence of alternative technologies to chromatography. However, rise in CROs and CMOs in the pharmaceutical industry, increasing demand for biosimilar, and growing demand for disposable pre-packed columns will act as an opportunity for the market.

The key market players profiled in the report include Bio-Rad Laboratories (US), GE Healthcare (US), Merch KGaA (Germany), Thermo Fisher Scientific Inc. (US), Cytiva (US), Tosoh Corporation (Japan), Sartorius Stedim Biotech S.A. (France), Bio-Works Technologies AB (Sweden), Avantor Performance Materials, Inc. (US), Mitsubishi Chemical Corporation (Japan), Purolite Corporation (US), and Repligen Corporation (US).

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Players in the chromatography resin market are mainly concentrating on new product launches, acquisition, and expansions to meet the growing demand for chromatography resin for various applications. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.

The growth of the chromatography resin market has been largely influenced by new product launches that were undertaken between 2016 and 2020. Companies such as Repligen Corporation, Bio-Rad Laboratories, Inc., Tosoh Corporation, and GE Healthcare have adopted new product launches to enhance their market position.

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Bio-Rad Laboratories, Inc. is one of the major players in the chromatography resin market. In order to strengthen their product portfolio, the company is focusing launching the new products meeting client’s requirements. For instance, in April 2020, the company announced the commercial launch of its SARS-CoV-2 Total Ab test, a blood-based immunoassay kit to help determine if an individual has developed antibodies to SARS-CoV-2, the virus associated with COVID-19 disease. The test detects IgG, IgM, and IgA antibodies. This approach appears to be more sensitive than assays against a single immunoglobulin. Similarly, in October 2020, Repligen Corporation and Navigo Proteins GmbH announced their successful development of an affinity ligand targeting the spike protein to be utilized in the purification of COVID-19 vaccines.

The companies also adopted acquisition as a strategy to increase their share and market presence. For instance, in November 2020, Sartorius Stedim Biotech had successfully closed the acquisition of the Slovenian purification specialist BIA Separations. Similarly, In April 2020, Sartorius Stedim Biotech successfully closed the acquisition of selected life science businesses of Danaher Corporation as part of a broader transaction between Danaher and Sartorius Group.

In December 2020, Merck announced the broadening of its manufacturing footprint at its production facilities in Danvers, Massachusetts, and Jaffrey, New Hampshire, USA. These sites supply essential products to customers developing lifesaving therapies, including Covid-19 vaccines, as well as furnishes products and services for biopharmaceutical manufacturing. These expansions will increase capacity and output at these facilities by the end of 2021 and 2022, respectively, and create approximately 700 new manufacturing positions.

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Attractive Opportunities In Modular Construction Market (Global Forecast to 2025)

 The global modular construction market size is projected to grow from USD 82.3 billion in 2020 to USD 108.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.75% during the forecast year. The construction industry witnessed a significant change with the introduction of prefabricated technology, as it allows building more structures with reduced time and cost, as compared to the conventional on-site construction method. The modular construction method offers the benefits of greater flexibility and reuse, quality control, cost savings, faster build times, and environmental benefits.

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The modular construction market has thousands of companies which thrive in their domestic market. A few of the major players are, Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), Atco Ltd. (Canada), Skanska AB (Sweden), Algeco Scotsman (UK), and Kleusberg GmbH (Germany). These players have adopted various growth strategies, such as acquisitions, investments, expansions, joint ventures, and partnerships to increase their market shares and enhance their product portfolios.

Contracts, new projects, and agreements accounted for the largest share of all the strategic developments that took place in the modular construction market between 2017 and 2020. Key players such as Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), Atco Ltd. (Canada), Skanska AB (Sweden), Kleusberg GmbH (Germany), Katerra (US), Bechtel Corporation (US), and Fluor Corporation (US) adopted these strategies enhance their market presence and strengthen their manufacturing and distribution capabilities in the modular construction industry.

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Laing O’Rourke is a global construction and engineering company. The company designs, constructs, funds, and maintains the built environment by providing the facilities to educate, accommodate, transport, employ, care for, and sustain communities. It owns a number of construction, manufacturing, engineering, and specialist service companies, which combine in order to provide its clients with comprehensive investment, development, as well as management capability. The company’s key services include building construction, engineering expertise, investment and development, infrastructure construction, modular manufacturing, and support services. Laing O’Rourke follows their 70:60:30 design for manufacturing assembly, where 70% of the construction is conducted offsite, leading to a 60% improvement in productivity, and a 30% improvement in the delivery schedule. Through its wide business portfolio, it serves numerous sectors comprising buildings, power, transport, water & utilities, oil & gas, and mining & natural resources.

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Red Sea Housing is a diversified organization offering affordable housing, industrial housing, and building material solutions to the world. It operates as a “Red Sea International Company” and comprises businesses of Red Sea Affordable Housing (RSAH), Red Sea Housing Services (RSHS), and Red Sea Building Materials (RSBM). Red Sea Housing Services is one of the most advanced and largest modular building solution provider throughout the Middle East & Africa, and Asia. The company operates through three business divisions: industrial housing, affordable housing, and building materials. Industrial housing involves supplying turnkey solutions in urban and remote places, worldwide. The affordable housing segment is engaged in producing modular building systems for customers in North Africa and the Middle East.

Red Sea’s building materials division complements the industrial housing products and is constantly growing by investing in new technologies. Its partnership with Sherwin Williams (US) has made the company the exclusive distributor of Sherwin William’s paint in the Middle East. The various sectors served by the company are infrastructure, government, building & construction, mining, defense, oil & gas, manufacturing, and hotels & hospitality.

A.S. Création Tapeten AG (Germany) And Muraspec Group (UK) Are The Leading Players In The Digitally Printed Wallpaper Market (By 2025)

Digitally printed wallpapers are produced through printing on nonwoven, vinyl, and paper substrates. Different substrates have different properties suitable for different end users such as professional painters, interior designers, home owners, industry owners, contractors, and art consultants. MarketsandMarkets projects that the digitally printed wallpaper market size is projected to grow from USD 2.9 billion in 2020 to USD 7.5 billion by 2025, at a compound annual growth rate (CAGR) of 21.1% from 2020 to 2025. The increasing disposable income of people in developing countries, Growing urbanization and rising residential spending and growing digital technology are presenting growth drivers for the digitally printed wallpaper market.

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Major companies such as . A.S. Création Tapeten AG (Germany), Muraspec Group (UK), Tapetenfabrik Gebr. Rasch GmbH & Co. KG (Germany), MX Display (UK), 4Walls (US) Flavor Paper (US), The Printed Wallpaper Company (UK), Hollywood Monster (UK), and Great Wall Custom Coverings (US) and among others. These players have been focusing on developmental strategies, such as investment and new product launches which have helped them expand their businesses in untapped and potential markets.

A.S. Création Tapeten AG is one of the leading wallpaper manufacturers in Europe. Besides the production of wallpaper, the company also produces high-quality decorative fabrics through its wholly-owned subsidiary, Indes Fuggerhaus Textil GmbH. Création Tapeten AG’s marketing strategy is focused mainly on the end consumer and international marketability for the development of their products. For instance, at the January 2019, Heimtextil trade fair in Frankfurt, the company introduced their “Metropolitan Stories” wallpaper collection. This international collection transfers the way of life of European cities to wallpaper. The international focus of the collection led to an increase in revenue spread across many countries.

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Muraspec Decorative Solutions is a global manufacturer of residential and commercial wallcoverings, accessories, and decorative panels. Its extensive range of residential and commercial wallcoverings and other interior decoration products contributes to its strong product portfolio. Through its wide product portfolio, it caters to applications in hospitality, healthcare, office, retail, education, and marine. The company is adopting new product development as a growth strategy to strengthen its product portfolio and attract more customers. It launched various new wallcovering collections in 2019, such as Tweed, Sorrento, Novaro, Herringbone, Accord, and Cantari.

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Polyolefin Foam Market Worth $10.5 Billion By 2026 – Exclusive Research by MarketsandMarkets™

 The polyolefin foam market is projected to grow from USD 8.1 billion in 2021 to USD 10.5 billion by 2026, at a CAGR of 5.2% between 2021 and 2026. Growing demand from the automotive and packaging industry is likely to boost the polyolefin foam market.

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The key market players are BASF SE (Germany), JSP Corporation (Japan), Kaneka Corporation (Japan) Hanwha Total (South Korea). These players have adopted various strategies, such as merger & acquisition, investment & expansion, new product launch, partnership & agreement to grow in the market. Merger & acquisition was the key strategy adopted by the major players between 2016 and 2021. This strategy strengthened their market position and increased their presence in emerging economies.

BASF SE is a diversified chemical company. The company has five business segments, namely functional materials & solutions, chemicals, performance products, agricultural solutions, and other. It offers EPP foam under the performance products segment. BASF SE has a strong customer base and operates in many countries in Europe, North America, APAC, Africa, and the Middle East. The company competes with JSP Corporation (Japan) and Kaneka Corporation (Japan).

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JSP Corporation is one of the leading manufacturers of plastic products based on foaming technology, which includes expanded polyethylene sheets, expanded polypropylene beads, and other proprietary products using extrusion foam and bead foam technologies. The company operates in three business segments: extrusion business, bead business, and others. Its products are used in the automotive, construction, civil engineering, packaging, and food packaging industries. The company has 10 subsidiaries in Japan, 28 subsidiaries in other countries, and 6 affiliates. It has a moderate coverage in North America and South America but has a weak presence in Europe and the Middle East & Africa. JSP Corporation offers EPP products under its bead business segments. These products are marketed under two leading brands, ARPRO, FOAMCORE, and STYRODIA. They are used in automotive, packaging, HVAC, consumer electronics, food packaging, construction, and civil engineering material applications.

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Sibelco NV (Belgium), U.S. Silica Holdings, Inc. (US) Are Leading Players In The Washed Silica Sand Market

The global washed silica sand market size is projected to grow from USD 18 million in 2021 to USD 24 million by 2026, at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast year. Washed silica sand refers to silica sand that undergoes a washing and rinsing process after mining. Salt, clay, and other powders and dust are washed out of the overall mixture. It often undergoes additional separating and classification into grain sizes or grit sizing. Washed silica sand comes in coarse, medium, fine, and ultra-fine granule sizes. Washed silica sand is used for various applications, such as glass, foundry, ceramic & refractories, filtration, abrasives, metallurgical silicon, and oil well cementing.

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The washed silica sand market has thousands of companies which thrive in their domestic market. A few of the major players are, Sibelco NV (Belgium), U.S. Silica Holdings, Inc. (US), VRX Silica Limited (Australia), Australian Silica Quartz Group Ltd (Australia), and Adwan Chemical Industries Company (Saudi Arabia), among others. These players have adopted various growth strategies, such as merger & acquisitions, and agreements, to increase their market shares and enhance their product portfolios.

Merger & acquisition accounted for the largest share of all the strategic developments that took place in the washed silica sand market between 2017 and 2020. Key players such as U.S. Silica Holdings, Inc., and VRX Silica Limited adopted these strategies to enhance their business, market presence, and meet consumer demand.

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SCR- Sibelco NV is a global material solutions company. It provides specialty industrial minerals, particularly silica, clays, feldspathic sand, and olivine. The company operates different business segments, namely, Covia, Build Environment; Disposal Group Lime, Glass Solutions; Coating, Polymer & Chemical Solutions; and Water & Environment Solutions. Covia operates with 50 million tons of active production capacity. The company produces the crystalline forms of silica – quartz and cristobalite – as both sands and flours. For industrial use, pure deposits of silica capable of yielding products of at least 98% SiO2 are required. The company has three major silica sand production facilities worldwide. It has 114 production sites that are operating in 31 countries worldwide.

U.S. Silica Holdings, Inc. engages in the provision of commercial silica products. It operates through the Oil & Gas Proppants and Industrial & Specialty Products segments. The Oil & Gas Proppants segment focuses in delivering fracturing sand, which is pumped down oil and natural gas wells to prop open rock fissures and increase the flow rate of natural gas and oil from the wells. The company operates in the US and Canada. It operates 23 production facilities in the US. It controls 489 million tons of reserves of commercial silica, which can be processed to make 197 million tons of finished products.

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