Category: Packaging

Europe Molded Pulp Packaging Market Share, Sourcing Strategy and Downstream Buyers 2023-2028

Europe Molded Pulp Packaging Industry Overview

The Europe molded pulp packaging market size was valued at USD 924.2 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% from 2020 to 2028.

Rising demand for sustainable products for the packaging of eggs, fruits, and other fresh produce in Europe is expected to fuel the growth of the market. Eggs are packaged in molded pulp trays and clamshells, which are then sold to restaurants, foodservice operators, and individual consumers. Per capita, egg consumption has been increasing on a yearly basis in Europe on account of the health benefits and increasing demand for protein-rich food in Europe. The egg packaging is therefore expected to be one of the major factors augmenting the market growth.

Wood-based molded pulp packaging held the largest revenue share in the U.K. market in 2020 with the rising availability of recycled paper in the country used as a raw material. According to National Packaging Waste Database, the current recycling rate of paper is around 80.0% in the country. The government in the country is focusing on increasing the paper waste recycling rate to 100% across the U.K. in the near future, thereby supporting the market growth.

Gather more insights about the revenue drivers, restraints and growth of the Europe Molded Pulp Packaging market

Molded pulp packaging is a potential alternative to plastic trays and clamshells and thus can contribute to reducing plastic waste generation. According to the EU, about 17.2 million metric tons of plastic packaging waste were generated in the EU between 2005 and 2020. Thus, the regulatory bodies and governments in Europe have imposed stringent restrictions on the generation of primarily plastic waste over the years.

The new Circular Economy Action Plan was released by European Union (EU) in March 2020, under which, it has set a target of ensuring that all the EU markets utilize reusable and recyclable packaging by 2030 in an economically viable manner. Several retail chains and foodservice operators in the region have set targets for phasing out plastic packaging products. Thus, the aforementioned factors are anticipated to drive the demand for sustainable molded pulp packaging over the forecast period.

The COVID-19 outbreak in the year 2020 negatively impacted the foodservice industry. The restaurants, bars, and takeaways wavered between partial and total closure in Europe initially in 2020. Lockdown measures across Europe led to a fall in demand from the foodservice industry; however, food retail and home deliveries witnessed a spike during the initial phase of the pandemic in 2020.

Browse through Grand View Research’s Plastics, Polymers & Resins Industry Related Reports

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Europe Molded Pulp Packaging Industry Segmentation

Grand View Research has segmented the Europe molded pulp packaging market on the basis of source, packaging type, application, and region:

Europe Molded Pulp Packaging Source Outlook (Revenue, USD Million, 2017 – 2028)

  • Wood Pulp
  • Non-wood Pulp

Europe Molded Pulp Packaging Type Outlook (Revenue, USD Million, 2017 – 2028)

  • Thick Wall
  • Transfer
  • Thermoformed
  • Processed

Europe Molded Pulp Packaging Application Outlook (Revenue, USD Million, 2017 – 2028)

  • Food Packaging
  • Food Service
  • Electronics
  • Healthcare
  • Industrial
  • Others

Key Companies profiled:

Some prominent players in the Europe Molded Pulp Packaging Industry include

  • Brodrene Hartmann A/S
  • Omni-Pac Group
  • Huhtamaki
  • Pulp-Tec Limited
  • Eco-Products, Inc.
  • TART
  • PAPACKS Sales GmbH
  • Kiefel Packaging
  • Switch Packaging Specialists Ltd.
  • AR Packaging

Order a free sample PDF of the Europe Molded Pulp Packaging Market Intelligence Study, published by Grand View Research.

Ophthalmic Packaging Market Expected to Show a Significant Growth During the Forecast Period 2022 – 2028

Ophthalmic Packaging Industry Overview

The global Ophthalmic Packaging Market is expected to reach USD 17.7 billion by the end of 2028, according to a new report by Grand View Research, Inc. It is projected to expand at an 11.9% CAGR over the forecast period. The increasing global burden of ocular conditions and a growing number of ophthalmic clinics, hospitals, and ambulatory care centers are the factors driving the market growth. Additionally, the frequent introduction of new drug delivery systems and high demand for advanced packaging solutions is expected to fuel the market during the forecast period.

Increasing healthcare expenditure and rising disposable income are some of the prominent factors that are expected to drive a lot of patients towards advanced ophthalmic care. Furthermore, the growing number of advanced healthcare facilities such as eye hospitals and ophthalmic clinics across several regions and increasing awareness about preventive care, ocular disorders, and self-medications are some of the factors expected to aid the market growth.

Ophthalmic Packaging Market Segmentation

Grand View Research has segmented the ophthalmic packaging market on the basis of dose, type, material, and regions:

Based on the Dose Insights, the market is segmented into Multi Dose and Single Dose

  • The multidose segment dominated the market in 2020 with over 70.0% share. The high penetration index of multidose containers in the OTC market is a key factor fueling the segment growth.
  • The single-dose packaging segment will be driven by the demand for single-dose packaging in eye-related surgeries and improved healthcare manufacturing facilities.

Based on the Type Insights, the market is segmented into OTC and Prescription

  • The prescription segment dominated the market with a revenue share of over 55.0% in 2020 owing to its large-scale use as a first-line treatment.
  • The OTC segment is expected to grow at a healthy rate during the forecast period.

Based on the Material Insights, the market is segmented into Glass, Plastics, and Others

  • Plastic led the market with a revenue share of over 45.0% in 2020 and is expected to witness significant growth during the forecast period.
  • The plastic segment is mainly driven by its lower weight, cost-efficiency, and convenience.

Ophthalmic Packaging Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Key market players are adopting strategic initiatives such as M&As, partnerships, product differentiation, product designing, and collaborations to gain a competitive edge in the marketplace.

Some prominent players in the global Ophthalmic Packaging market include:

  • Amcor Ltd.
  • West Pharmaceutical Service Inc.
  • Gerresheimer AG
  • BD
  • Schott AG
  • Aptar Group

Order a free sample PDF of the Ophthalmic Packaging Market Intelligence Study, published by Grand View Research.

Green Packaging Market to Witness Growth at a CAGR of 6.1% During the Forecast Period 2022-2028

Green Packaging Industry Overview

The global Green Packaging Market is expected to reach USD 441.41 Billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 6.1% from 2020 to 2028. The market for green packaging is projected to be driven by the growing consumer demand for environment-friendly alternatives to non-sustainable packaging products.

Green packaging is witnessing growth due to rising environmental concerns caused by the packaging waste that ends up in landfills, polluting the environment. The packaging types categorized under green packaging are recyclable, reusable, and degradable. They are either used in the same value chain or degraded in nature without releasing harmful toxins, thus assisting companies to reduce their negative impact on the environment.

Recyclable and recycled content packaging is predominant amongst all types of green packaging as it is used on a mass scale. Plastics, paper, glass, and metal are the top recycled materials used for this segment of green packaging. Plastic is the most widely used material as it is cost-effective and provides useful properties, such as waterproofing and durability. The paper segment is witnessing high growth owing to new packaging designs introduced by companies as part of sustainable initiatives.

Green Packaging Market Segmentation

Grand View Research has segmented the global green packaging market on the basis of type, application, and region:

Based on the Type Insights, the market is segmented into Recycled Content Packaging, Reusable Packaging and Degradable Packaging.

  • The recycled content segment held the largest share of 61.2% in 2020. The segment includes materials that can be recycled, such as paper, plastic, glass, and metal. 
  • The reusable segment comprises drums and plastic containers that are made from durable materials intended for multiple or longer use. Drums are used for the transportation of fluids, majorly a variety of chemicals. 

Based on the Application Insights, the market is segmented into Food & Beverages, Personal Care, Healthcare and Others.

  • The food and beverages application segment led the industry with more than 58.5% share of the global revenue in 2020. With the rising popularity of green packaging, many restaurants, fast food chains, packaged food companies, and casual dining venues are adopting molded pulp packaging and compostable packaging, which, in turn, is projected to drive the food and beverages segment.
  • The healthcare segment has shown promising growth despite the strict regulations related to the safety of packaging of products. For a large part, the pharmaceutical industry makes use of glass packaging as it is inert and suitable for the packaging of different drugs. Aluminum foil is another popular packaging material used by the pharmaceutical industry for the packaging of capsules and pills.

Green Packaging Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa (MEA)

Key Companies Profile

Industry players are focusing on R&D activities concerning new plant-based materials that mimic the properties of plastics currently in use. Companies are redesigning packaging to include less material, hence saving on the cost and producing less waste. 

Some prominent players in the global Green Packaging market include

  • Amcor
  • Be Green Packaging
  • DS Smith
  • DuPont
  • Evergreen Packaging
  • Mondi
  • Nampak
  • Ball Corp.
  • Sealed Air
  • Tetra Laval

Order a free sample PDF of the Green Packaging Market Intelligence Study, published by Grand View Research.

What is the Size (Volume and Value) of Ophthalmic Packaging Market in 2028?

Ophthalmic Packaging Industry Overview

The global ophthalmic packaging market size was valued at USD 3.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.9% from 2021 to 2028.

The growing need for brand enhancement and brand differentiation in a highly competitive environment, development of novel packaging material, and growing need to adhere to new regulatory guidelines on recycling of packaging materials are some of the factors contributing to the growth of the market. The market witnessed a sharp decline in terms of size in 2020 when compared to 2019 owing to the ongoing Covid-19 pandemic. COVID-19 has had a severely disruptive impact on the entire ophthalmic industry with a limited number of patients visiting hospitals.

However, major market players are rapidly adapting to the new environment with innovative strategies. For example, Johnson & Johnson Vision focused largely on using the market slowdown to train healthcare professionals with their advanced portfolio. This is expected to have a long-term positive impact on its brand image. Carl Zeiss Meditec also focused on providing remote care solutions and training ophthalmologists. Alcon focused on developing its SMART Suite that provides a cloud-based platform to manage data in clinics and ORs. Like other healthcare practices, the ophthalmology space is expected to witness lucrative growth using telemedicine services. In addition, increasing demand for prescription as well as OTC products for the management of COVID-19-related ophthalmic complications is expected to fuel the market growth in the upcoming years.

Gather more insights about the market drivers, restrains and growth of the Global Ophthalmic Packaging market

The growing prevalence of various ophthalmic conditions, such as dry eye and conjunctivitis, is anticipated to augment the demand for ophthalmic packaging devices, which is a primary factor driving the need for eye care services globally. According to the USA General Population Cross-sectional Study, 2018, around 16 to 49 million Americans have a dry eye disease, accounting for 5% to 15% of the total population.

Emerging economies such as China, India, and Brazil are providing the opportunity for the growth of ophthalmology. Growing population, rising focus on increasing life expectancy, and increasing disposable income are some of the factors expected to provide growth prospects to companies in the coming years as they are facing challenges due to the stagnation of mature markets, expiration of patents, and rise in regulatory barriers.

Drug delivery refers to approaches, formulations, technologies, and systems for transporting pharmaceutical compounds in the body as and when required for safely achieving its desired therapeutic effect. The rising prevalence of eye disorders, rapid technological advancements, increasing adoption of individual therapies, and growing awareness regarding eye care are some of the major factors driving the demand for drug delivery devices, which, in turn, are positively impacting the market growth.

Browse through Grand View Research’s Medical Devices Industry Research Reports.

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Ophthalmic Packaging Market Segmentation

Grand View Research has segmented the ophthalmic packaging market on the basis of dose, type, material, and regions:

Ophthalmic Packaging Dose Outlook (Revenue, USD Million, 2016 – 2028)

  • Multi Dose
  • Single Dose

Ophthalmic Packaging Type Outlook (Revenue, USD Million, 2016 – 2028)

  • OTC
  • Prescription

Ophthalmic Packaging Material Outlook (Revenue, USD Million, 2016 – 2028)

  • Glass
  • Plastic
  • Others

Ophthalmic Packaging Regional Outlook (Revenue, USD Million, 2016 – 2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the global Ophthalmic Packaging market include

  • Amcor Ltd.
  • West Pharmaceutical Service Inc.
  • Gerresheimer AG
  • BD
  • Schott AG
  • Aptar Group

Order a free sample PDF of the Ophthalmic Packaging Market Intelligence Study, published by Grand View Research.

Aluminum Foil Packaging Market Dynamics, Growth Prospect and Consumption Analysis till 2028

Aluminum Foil Packaging Industry Overview

The global aluminum foil packaging market size was valued at USD 33.56 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2020 to 2028.

The rising application of aluminum foil in food and beverage packaging application is likely to be a key driving factor for the industry growth. The processed food industry is witnessing high growth owing to increasing urban population along with changing consumer lifestyles. Furthermore, availability of packaged food products through online channels is supporting the growth of the food and beverage industry, which in turn is expected to have a positive impact on industry growth.

Gather more insights about the market drivers, restrains and growth of the Global Aluminum Foil Packaging market

The busy lifestyle of the working population in the U.S. is increasing consumer reliance on packaged food and beverages. Furthermore, increasing consumer awareness regarding the impact of plastic on the environment is boosting the demand for alternative packaging solutions, impacting the aluminum packaging industry positively.

Advancements in the technical field such as the development of modified atmosphere technology (MAP) which aids in locking the freshness of food by controlling the blend of gases such as oxygen, carbon dioxide, and nitrogen inside the flexible packaging are expected to support the industry growth.

The profit margins of the market players are largely dependent on the raw material costs. Fluctuating aluminum costs leading to uncertainty around the availability of raw materials at economical or consistent prices is likely to be a key challenge for the industry. The high adoption of low-cost flexible plastic alternative solutions such as pouches and bags is also restraining the industry growth.

The Covid-19 pandemic has severely impacted global industrial production due to lockdowns imposed across major economies. However, unlike other industries, the food and beverage and pharmaceutical industries have remained unaffected, which are the major end-users of aluminum foil packaging, benefitting the market.

Browse through Grand View Research’s Plastics, Polymers & Resins Industry Research Reports.

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Aluminum Foil Packaging Market Segmentation

Grand View Research has segmented the global aluminum foil packaging market on the basis of product, end-use, and region:

  • Aluminum Foil Packaging Product Outlook (Revenue, USD Million, 2017 – 2028)
    • Foil Wraps
    • Pouches
    • Blisters
    • Containers
    • Others
  • Aluminum Foil Packaging End-use Outlook (Revenue, USD Million, 2017 – 2028)
    • Food & Beverage
    • Tobacco
    • Pharmaceutical
    • Cosmetic
    • Others
  • Aluminum Foil Packaging Regional Outlook (Revenue, USD Million, 2017 – 2028)
    • North America
    • Europe
    • Asia Pacific
    • Central & South America
    • Middle East & Africa

Key Companies profiled:

Some prominent players in the global Aluminum Foil Packaging market include

  • Amcor Plc
  • Constantia Flexibles
  • Novelis Aluminum
  • Raviraj Foils Limited
  • Ampco
  • Symetal
  • Aliberico S.L.U
  • Coppice alupack ltd
  • Eurofoil Luxembourg S.A.
  • Reynolds group holdings limited
  • Aleris Corporation
  • Zhangjiagang Goldshine Aluminum Foil Co.
  • JW Aluminum
  • Ardagh Group
  • Express Flexi Pack

Order a free sample PDF of the Aluminum Foil Packaging Market Intelligence Study, published by Grand View Research.