Kaolin Market Size Worth $6.28 Billion By 2027

The global kaolin market size is expected to reach USD 6.28 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.5% from 2020 to 2027. The increasing popularity of high-grade kaolin within the cosmetics industry is anticipated to propel the growth of the market space over the forecast period.

The use of kaolin in the cosmetics industry has witnessed steady growth over the last few years. As per cosmetics industry experts, the absorbent properties exhibited by kaolin proved to be a key factor in the wide adoption of the product within this application segment. In addition, increasing consumer awareness pertaining to the use of natural ingredients, especially in cosmetic creams and lotions, propelled the adoption of kaolin in the global cosmetics market space.

The emergence of COVID-19 in the first quarter of FY 2020 has directly impacted the construction activities. The slowdown in the construction sector is projected to indirectly influence the dynamics of the global market space. The imposition of lockdown by many countries around the globe have stalled construction activities and caused a severe economic impact. The kaolin expansion projects initiated by market vendors at the start of 2019 have been stalled due to the scarcity caused by the emergence of COVID-19.

Despite the current downturn in economic conditions, the futuristic opportunities for marketspace look lucrative with larger demand coming from ceramics application. An increase in ceramics production is anticipated to positively influence the apparent consumption of the product over the forecast period. Wider adoption of ceramics, especially in décor and interior design, is likely to boost its prospects over the predicted timeline.

Most of the players in the market are focused on devising strategies to limit economic exposure caused due to the breakout of the pandemic and the subsequent slowdown in the demand for the product from key application segments. The market participants are inclined towards maintaining positive liquidity in order to sustain themselves during these unprecedented times.

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Kaolin Market Report Highlights

• The paper application segment led the market and held over 37.0% share of the global revenue in 2019 owing to increasing demand for paper boards from the packaging industry
• The ceramics application segment is projected to expand at a CAGR of 4.9% in terms of revenue over the forecast period owing to increasing production of ceramic tiles to meet the growing demand from the construction industry, especially in the U.S., China, and India
• The cosmetics application segment accounted for a volume share of 1.1% in 2019 and is expected to emerge as one of the fast-growing segments in terms of volume over the forecast period. The growth is attributed to increasing consumer disposable income, along with the rising demand for skincare products
• Asia Pacific is anticipated to expand at the fastest CAGR in terms of volume as well as revenue over the forecast period, owing to the wide adoption of kaolin within the regional supply chain of the ceramics manufacturing marketspace
• Europe is expected to register a CAGR of 2.3% in terms of volume over the forecast period. The economic disaster triggered by the breakout of the pandemic is likely to restrain the market growth in the region.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

Pulp Molding Machines Market Growth & Trends

The global pulp molding machine market size is expected to reach USD 913.6 million by 2027 registering a CAGR of 3.9%, according to a new report by Grand View Research, Inc. The growth of this market can be attributed to the increasing demand for sustainable disposables, especially in the food & beverage and electronics industries.

Molded pulp packaging products, such as trays, clamshells, bowls, and plates, are widely used in the food packaging industry. Rising awareness about the benefits of leading a healthy lifestyle and consuming organic foods, such as fruits, is anticipated to drive the demand for pulp molding machines over the forecast period.

Growing demand for Ready-to-Eat (RTE) meals, on-the-go snacks, and single-serve packs are expected to further benefit market growth. In addition, growing concerns about single-use plastics and increasing demand for sustainable packaging solutions from both consumers and foodservice operators are anticipated to have a positive impact on market growth.

Pulp molding machines are used in the manufacturing of a wide variety of packaging products, which have high demand from end-use industries, such as electronics, healthcare, food packaging, and food service. Moreover, in industrial space, molded pulp packaging products are primarily used for packaging faucets, plumbing fixtures, and door hinges, which is likely to drive the demand further.

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Pulp Molding Machines Market Report Highlights

• The automatic machine was the leading segment and accounted for 46.3% of the total market share in 2019 owing to high flexibility and productivity and low maintenance costs of these machines
• Rotary type machine segment is anticipated to register a CAGR of 4.0% over the forecast period owing to high productivity and low energy consumption and operating costs of these machines
• The electronics end-use segment is estimated to register the highest CAGR of 5.4% from 2020 to 2027 on account of the increasing use of molded pulp products for the packaging of various electronic products, including mobile phones, computers, printers, and modems
• Asia Pacific was the largest regional market in 2019 owing to increased use of disposable packaging solutions in emerging economies, such as China, India, and South Korea
• Presence of local companies in the APAC region poses a substantial threat to the large-scale multinationals with a global presence, in terms of product quality and prices

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

Feldspar Market Size Worth $2.35 Billion By 2027

The global feldspar market size is estimated to reach USD 2.35 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.9% from 2020 to 2027. Rising demand for the product as a filler in the manufacturing of ceramics products is positively influencing the industry growth. Feldspar is an aluminosilicate mineral that is widely found across the earth’s crust and primarily comprises calcium, sodium, and potassium. The product is mined in bulk volumes across countries, such as Turkey, Italy, India, China, Thailand, Brazil, and the U.S. The global feldspar production was evaluated around 25.6 million tons in 2018 as per the data published by the United States Geological Survey (USGS) in 2019.

The presence of distinctive chemical groups within the product makes it ideal in the manufacturing of glass and ceramic products. The glassmaking is projected to remain the key end-use segment for the product. The presence of alumina assists in providing superior chemical resistivity makes it ideal in glassmaking. The growth in the production of glass has a direct relation in positively influencing the dynamics of feldspar. The global market space of feldspar observed stable growth from 2016 to 2019. However, with the emergence of global pandemic and lockdown on industrial activities, the product demand in FY 2020 is likely to observe stagnant growth.

The demand for the product has faced heavy brunt in the first quarter of FY 2020 as the key end-use sectors, such as the glass and ceramics industry, observed disruption in their operational activities. The trend is projected to continue over the short term period as the world normalizes itself into this situation of panic and distress caused due to the coronavirus. Vendors of the industry are formulating strategies to implement smart automation techniques to enhance their efficiency and productivity.

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Feldspar Market Report Highlights

• Glassmaking is expected to remain the dominant end-use segment in terms of revenue as well as volume over the forecast period. Resumption of industrial activities, especially in key glassmaking countries, such as India and China, is likely to aid the segment growth over the forecast period
• The ceramics end-use segment is projected to witness the highest CAGR in terms of volume over the forecast period. The rising popularity of the product as filler in ceramic tile manufacturing is positively influencing segment growth
• The pottery end-use segment is projected to observe slow growth as compared to its counterparts over the forecast period. The segment is likely to face tough times due to the emergence of a global pandemic
• Europe is projected to remain the second most dominating region in terms of volume and revenue over the forecast period. The presence of strong glass industry in the region is likely to fuel the regional growth over the predicted timeline
• Asia Pacific is likely to observe swift growth in terms of volume as well as the revenue over the forecast period. The presence of global powerhouses, such as China and India, is projected to push the market growth over the long term period.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

High Performance Polyamides Market Growth & Trends

The global high performance polyamides market size is anticipated to reach USD 2.8 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.1% from 2020 to 2027. Increasing concerns among consumers and automobile manufacturing companies regarding vehicle efficiency and favorable government regulations regarding the use of polyamides in automotive, electrical and electronics, and consumer goods end-use industries are expected to drive the market over the forecast period.

The demand for high-performance polyamide is expected to increase majorly in the electrical and electronics end-use industry segment owing to the increase in demand for medical electronic devices, home electronics, smart devices, and electrical components to tackle the COVID-19 pandemic situation. The form factor of electronic devices and electrical equipment is getting smaller, and hence requires a high amount of heat dissipation. Additionally, the demand for smart household applications, which require lightweight and thermally conductive plastic components, has risen sharply in recent years. This trend is expected to propel the market growth over the forecast period.

Asia Pacific market is anticipated to witness substantial growth over the coming years owing to various factors such as the presence of government initiatives, such as Make in India, rising number of automotive and medical and healthcare product manufactures, and rising R&D investments for developing new applications of high-performance polyamide by private as well as public organizations. In addition, various medical and healthcare product manufacturing companies have started looking towards India for establishing a manufacturing facility post COVID-19 pandemic situation.

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High Performance Polyamides Market Report Highlights

• The electrical and electronics end-use industry segment is expected to register the highest CAGR of 7.7% over the forecast period in terms of revenue. The significant CAGR is attributed to the rising demand for high-quality electronic components and products, consumer goods, and kitchen appliances
• The automotive end-use industry segment accounted for over 35.0% share of the overall revenue in 2019. This high share is attributed to lightweight metal replacement components to reduce the overall vehicle weight and increase the efficiency
• Asia Pacific accounted for over 40.0% share of the overall revenue in 2019. The market in India is expected to register a revenue-based CAGR of 8.3% over the forecast period.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

Increased Demand For Medical Flexible Packaging Is Fueling The Growth Of The Lamination Adhesives Market

The global lamination adhesives market size is expected to reach USD 4.55 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.6% from 2020 to 2027. Increased demand for medical flexible packaging is fueling the growth of the market.

Attributes such as overall cost savings, ease of storage and handling, and convenience have created a favorable impact on the demand for medical flexible packaging. Numerous technical developments in the field have created a positive impact on the popularity of flexible packaging. One of the popular inventions is the development of metalized films. These films assist in the resistance to oxygen and water and also provide glossy or metallic appearance.

With increasing pharmaceutical and medical device production, lamination adhesives are likely to observe positive demand over the coming years on account of its use in flexible packaging. This packaging offers several advantages such as product protection, low waste, and shipping friendly. It also reduces the overall weight by a significant amount. This is likely to remain another key focus area for market vendors.

Flexible packaging demand from the food and beverage sector is likely to remain an attractive area for the market vendors. Flexible packaging is used in the food and beverage sector for protection and improving the shelf lives of products such as ready to eat products including coffee, ice creams, and snacks, and boil in bag products including rice and seafood. Lamination adhesives offer several advantages such as resistance to tearing, protection from light and moisture, and prevention of food qualities, such as aroma and freshness.

Expansion of the fast-moving consumer goods (FMCG) industry in emerging economies such as India, China, and Brazil is projected to indirectly push the demand for lamination adhesive products over the coming years. The economies are characterized by a growing population and rising incomes, which is projected to create a favorable impact on FMCG goods. Changing lifestyles, easier access, and growing awareness are some of the key factors driving the FMCG industry.

Technological advancement to improve productivity and functionality is projected to remain an indirect growth factor for adhesive products. Manufacturers are using automated machinery in order to fill the packages at a faster rate and enable the use of next generation films.

Full Research Report On Lamination Adhesives Market Visit Here: https://www.grandviewresearch.com/industry-analysis/lamination-adhesives-market

Lamination Adhesives Market Report Highlights

• In terms of revenue, acrylic resin is projected to expand at the fastest CAGR of 8.0% over the forecast period. Key characteristics such as higher temperature stability, high resistance to chemical and ultra-violet light, and excellent aging properties are likely to boost the segment growth
• By technology, water-based adhesives accounted for the largest volume share of 50.6% in 2019 and is projected to witness significant growth in the future on account of super esthetic properties, cost-effectiveness, and corrosion resistance
• The packaging industry was the largest end-use segment and held a nearly 65.0% share of overall revenue in 2019. Increasing flexible packaging demand from the food and beverage, consumer goods, and pharmaceutical sectors is the key factor driving the segment
• Asia Pacific is anticipated to remain the fastest-growing region from 2020 to 2027. Increasing healthcare expenditure in the Southeast Asian countries and rising healthcare investments through public and private projects are projected to offer numerous opportunities for market vendors
• Inorganic growth strategies such as mergers and acquisitions are projected to affect market dynamics and competition.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Polyester Hot Melt Adhesives Market Size Worth $695.1 Million By 2027

The global polyester hot melt adhesives market size is expected to reach USD 695.1 million by 2027, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 8.7%, in terms of revenue, during the forecast period. Increasing middle- and upper-middle-class populations in emerging countries such as India and Brazil are projected to assist the growth of the packaging industry.

Changing the retail environment has boosted the demand from several retail stores, thereby increasing the use of ready-to-use packaging products. Additionally, developments in the e-retail segment in both developed and developing countries have widely shifted the user base from retail stores to online stores. This is projected to boost the indirect demand for various adhesive products in the forthcoming years.

Pharmaceutical packaging is one of the major potential end-use industries and is anticipated to grow significantly over the next eight years. Advances in biotechnology and the rising demand for biologics are anticipated to boost the demand for various pharmaceutical packaging products such as parenteral vials and pre-fillable syringes. These factors are projected to have a positive impact on market growth in the long run.

The increasing demand for polyester hot melt adhesive compared with water and solvent-based alternatives can be credited to faster setting time and strong bonding. Adhesion to a broad range of surface textures such as plastics, boards, and paper is anticipated to further increase product demand in the packaging segment.

Hot melt adhesives are used at various stages of the automotive production line. Benefits associated with hot melts include high adhesion, heat resilience, low VOC, and suitability for diverse dispensing processes such as engraved, multi roller, and scatter coating. Common applications in automobiles include textile convertible roofs, trunk lining, emblem attachment, seat assembly, and air filter attachments. Hot melts retain their flexible properties at low working temperatures.

Asia Pacific is anticipated to remain the largest consumer of polyester hot melt adhesive products. The production of textiles in large volumes in China, India, Bangladesh, and other Asian countries; demand for consumer durables, and high consumer potential in Southeast Asian countries are likely to support the demand for polyester hot melt adhesives.

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Polyester Hot Melt Adhesives Market Report Highlights

• In terms of both revenue and volume, textiles and fabrics was the largest application segment in 2019. It was valued at USD 120.9 million in 2019. The growth is attributed to the requirement of increasing demand from yarns and fabrics in textiles and footwear industries
• Increasing demand for attractive labels to gain the attention of customers is projected to benefit the packaging application segment. The segment is expected to expand at a CAGR of 4.5% from 2020 to 2027, in terms of volume
• Numerous industries including automotive, packaging, electrical and electronic, and textile, which are the key consumers of polyester hot melt adhesives have witnessed a decline in demand due to temporary closures of dealerships and disruptions in the supply chain amid the COVID-19 pandemic
• Europe accounted for a volume share of 21.4% in the market. The growing flexible packaging market in Europe is anticipated to drive the demand

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Nonwoven Filter Media Market Future Growth & Latest Trends

The global nonwoven filter media market size is expected to reach USD 8.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.9% from 2019 to 2028. Growing demand from healthcare, food and beverages, and transportation industry, owing to increase in the use of filters, is expected to drive the market over the forecast period.

The automotive industry's positive outlook on account of the rising demand for vehicles, especially in emerging economies in Asia Pacific, is projected to propel market growth. However, rising awareness and demand for membrane filtration is projected to hamper the market over the forecast period.

The advent of COVID-19 pandemic is projected to be the primary driver for the growth of the market in 2020, owing to the rising demand for nonwoven materials in the healthcare sector. High demand for filters by the healthcare OEMs and end-use institutions’ MRO is expected to drive the market over the forecast period.

The industry witnesses notable integration by the filter media manufacturers with the companies involved in the production of raw materials and filters. The industry exhibits the presence of a large number of multinational and national players controlling significant market share. The prominence of key players in China is expected to increase competition in the global market.

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Nonwoven Filter Media Market Report Highlights

• The spunbond segment is expected to witness a CAGR of 6.5% from 2019 to 2028, on account of rising demand from personal care, hygiene, and healthcare sectors
• The healthcare application dominated the market in 2020 and is expected to reach USD 1.02 billion by 2028, owing to the extensive product use focusing on the improvement of the filter media, and rising demand for nonwoven fabrics in hospital supplies
• In Asia Pacific, the market is estimated to witness CAGR of 7.3% over the forecast period, owing to surge in demand for healthcare industry and personal care and hygiene products, driven by pandemic, high birth rate, and rising geriatric population in the region
• The food and beverage application segment is estimated to witness a CAGR of 7.3% over the forecast period on account of rising need for filtration media and stringent government policies associated with the industry escalating the demand
• The major manufacturers lay emphasis on advancement and innovation through extensive R&D for the production of advanced fibers and textile products. The major companies are increasing their product prices due to limited supply of raw material and higher production costs

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Pre-engineered Building Market Size Worth $30.79 Billion By 2025

The global pre-engineered building market size is expected to reach USD 30.79 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 15.5% during the forecast period. Increasing technological advancements in the construction industry coupled with advantages of pre-engineered buildings (PEBs), such as reduced construction time, are estimated to boost product demand over the forecast period.

The adoption of off-site construction for commercial buildings is witnessing significant growth as structures are manufactured in a factory and thus remain unaffected by weather conditions. These structures are manufactured using advanced machinery that aids in reducing material cost, thereby making it cost-effective.

Industry participants undergo integration across value chain by offering turnkey engineering, procurement, and construction (EPC) solutions post manufacturing of pre-engineered buildings, which is expected to fuel the demand. However, fluctuating prices of steel are likely to be a significant concern for manufacturers over the forecast period.

The market for pre-engineered buildings is highly competitive on account of existence of a large number of global players. Companies operate through manufacturing facilities at multiple locations with distribution being carried out at several sales locations across operation areas. Furthermore, operations of a few companies in the market are integrated vertically to engage in production and erection of pre-engineered buildings in commercial, industrial, and residential applications.

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Further key findings from the report suggest:

• Commercial buildings accounted for over 43.0% of the overall revenue in 2017 owing to rising number of new business models, upcoming start-ups, and increasing demand for office spaces
• The consumption of the product in industrial buildings is poised to rise at a CAGR of 15.7% in terms of revenue from 2018 to 2025 on account of increasing demand for warehouses and other storage facilities
• The market in Rest of Asia Pacific is projected to register revenue growth of 16.9% owing to increasing awareness regarding the use of advanced technologies for construction of commercial and industrial buildings
• North America accounted for 27.3% of the global revenue in 2017 on account of reduced construction time and lightweight structure of pre-engineered buildings coupled with surging demand for industrial buildings
• Major players in the market are focusing on research & development activities to gain new expertise in steel structures, upgrading products according to revised regulations, and overall project management to obtain competitive edge in the market.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Ski Equipment & Gear Market Growth & Trends

The global ski equipment and gear market size is expected to reach USD 1.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.7% over the forecast period. Increasing participation in the outdoor recreational sports including skiing at a global level is expected to remain a favorable factor. Furthermore, rising importance of rental skiing as a key service offering that provides convenience, professional expert advice, and product availability at affordable prices is expected to open new avenues for the market in the near future.

Growth of the tourism industry is one of the key factors increasing ṅthe spending on skiing, which, in turn, is expected to promote the scope of various sports equipment. The World Bank Group revealed that the international tourist arrivals have increased from 1.24 billion in 2016 to 1.33 billion in 2017. Furthermore, emergence of the Indian Himalayas as a snow sports hub as a result of supportive government policies aimed at the development of hill stations, including Auli and Manali, is expected to open new industry avenues.

Product innovation is expected to remain a critical success factor over the next few years. For instance, in 2016, Scott Sports launched Walkable Ski Boot to provide the skiers optimum grip during skiing. Moreover, these boots are designed in such a way that it can be used for normal walking, thereby making them effective and comfortable in nature.

For instance, in 2018, Salmon S.A.S. launched Salomon QST 99, a lightweight ski to provide a better and smooth experience of skiing so that the customer can achieve more speed with less effort. Moreover, in 2018, Oakley Inc. launched Inferno Prizm Goggles. With this new product, the company is providing anti-fogging feature to the customers with the help of an electric heat current to clear the glasses.

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Ski Equipment & Gear Market Report Highlights

• By product, clothing dominated the global ski equipment & gear market with an overall share of 32.5% in 2018. Headgear is expected to expand at a CAGR of 3.3% from 2019 to 2025
• By distribution channel, supermarkets/hypermarkets accounted for a share of 44.2% in 2018
• North America dominated the market in 2018, accounting for 42.4% share of the global revenue
• Key industry players include Amer Sports Oyj, Black Diamond Equipment, Ltd., Fischer Beteilgungsverwaltungs GmbH, Skis Rassignol S.A., Icelantic LLC, The Burton Corporation, Volcom LLC, and Helly Hansen.

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

Cosmetics & Personal Care Packaging Equipment Market Worth $5.6 Billion By 2025

The global cosmetics and personal care packaging equipment market size is anticipated to reach USD 5.6 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to exhibit a CAGR of 5.4% over the forecast period. The growth is backed by the rising consumer preference for healthier and personalized products along with the rising investments in developing novel and innovative packaging technologies.

Stringent government regulations on reducing plastic use, ban on single use plastics, and increasing recycling targets has surged the demand for sustainable packaging solutions. In addition to the cost savings from using less amount of materials, end-user companies are opting for machines that offer reduced energy and water usage along with lower greenhouse gas emissions.

Tripartite effort by local government and foreign and domestic enterprises to establish better distribution infrastructures is projected to drive the demand for transport and distribution packaging. These factors are expected to surge the market growth of associated packaging machinery sales over the next seven years.

The cosmetics and personal care packaging equipment manufacturers are moving toward acquiring integrated and Artificial Intelligence (AI) enabled machinery to reduce human errors and to improve the energy and cost utilization. In addition, growing demand for vacuum machinery for cosmetics and personal care products in order to gain aseptic packaging, is expected to stimulate the product demand over the forecast period.

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Further key findings from the report suggest:

• The demand for wrapping/bundling/palletizing machinery is anticipated to experience stronger growth over the forecast period owing to the rapidly developing logistics and domestic infrastructures along with the rising penetration of e-commerce across the globe
• Skincare segment is expected to contribute 26.5% of the overall market in terms of revenue by 2025 owing to the increasing demand for herbal, organic, and natural products along with the rising concerns pertaining to skin conditions among the populace
• China is anticipated to witness a CAGR of 7.2% in terms of revenue over the forecast period because of the burgeoning economies, population growth, greater automation of manufacturing, increase in mean wealth and a rising interest in health and wellness
• Europe accounted for the second largest revenue share in 2018, owing to the high demand for highly flexible, automated, and efficient equipment along with the rising consumption of consumer goods in countries such as Italy, Germany, U.K., and France
• The cosmetics and personal care packaging machinery manufacturers are focusing on investing in R&D and innovation to secure a portfolio with competitive options to cater the demand for integrated and automated machines

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

Packaging Adhesives Market Size Worth USD 15.82 Billion By 2025

The global packaging adhesives market size is anticipated to reach USD 15.82 billion by 2025, according to a new report by Grand View Research, Inc. expanding at a CAGR of 5.8% over the forecast period. The market is majorly driven by the growing demand from packaged food & beverages industry.

The increasing consumer demand for packaged food products is expected to fuel the market growth. The packaged food offers extended shelf life at ambient temperatures which makes easy and convenient consumption. Flexible packaging is gaining popularity in packaged food industry and increasing use of adhesives in its manufacturing is predicted to propel the market over the forecast period.

Flexible packaging is manufactured by combining multiple polymer layers to provide mechanical strength and printability to the end-product. The multiple polymer layers are extruded into a multilayer film in a single operation, thus reducing the production time and manufacturing cost. The aforementioned benefits are likely to propel the demand for flexible packaging over the coming years, which is anticipated to have positive influence on packaging adhesives consumption.

The market in Asia Pacific is highly competitive in nature. In order to reduce manufacturing costs and to look for new design and assembly solutions, manufacturers across this region produce adhesive products with superior properties such as high tensile, high temperature resistance, and high strength bonding on a variety of substrates. Technological advancements and unique packaging designs are the key prominent factors to promote the product usage in the region.

The key players of the packaging adhesives market such as Henkel AG & Co., Hitachi Chemical Company Ltd, 3M, and Bostik, are engaged in capacity expansion and mergers & acquisitions. For instance, in July 2017, Henkel AG & Co acquired Darex Packaging Technologies from GCP Applied Technologies. The move was aimed at strengthening the former’s adhesive technologies business and the portfolio.

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Further key findings from the report suggest:

• Water-based technology segment is projected to register a CAGR of 5.6%, in terms of volume, over the forecast period. The growth rate is attributable to increasing use of water-based products such as gluten, PVA, and starch in flexible packaging.
• Hot melt segment is anticipated to grow at a CAGR of 5.8%, in terms of volume, during the forecast period. Its high growth is due to its superior properties such as thermal stability and fast curing over water-based and solvent-based products.
• Boxes & cases segment held the largest revenue share, accounting for 36.0% in 2018, owing to increasing demand for corrugated boxes in transportation.
• Asia Pacific was the largest regional segment in 2018, accounting for a revenue share of 39.3% of the market. The large share is owing to the rising disposable income and changing lifestyle of the consumers, which is propelling the demand for packaged food and beverages in the region.
• In August 2018, Bostik acquired a business segment of Nitta Gelatin, Inc., and formed joint venture named Bostik-Nitta. Complementing this acquisition, a new adhesives plant will be constructed in Japan, which will focus on non-woven markets.

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