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Flexible Packaging Market Growth Study | Share, Size, Key Players, Region Analysis, Competitor Strategies and Forecast to 2031

The global flexible packaging market was valued at $68.5 billion in 2021, and is projected to reach $102.8 billion by 2031, growing at a CAGR of 4.2% from 2021 to 2031. Allied Market Research published a report, titled, "Flexible Packaging Market by Material (Paperboard, Plastic, and Aluminum Foil), Packaging Type (stand-up Pouch, Films, and Bag-in-Box), and End-Use Industry (Food & Beverage, Personal Care, Pharmaceutical, Household Care, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030"
Drivers, restraints, and opportunities-
Rise in demand from various end-use industries and increase in e-commerce sales drive the growth of the global flexible packaging market. On the other hand, stringent regulations concerning packaging restrain the growth to some extent. However, sustainable and new flexible plastics packaging solutions are expected to create lucrative opportunities in the industry.
Key players in the industry-
· Amcor Plc,
· FlexPak Services LLC
· Berry Global Inc.
· Constantia Flexibles
· Mondi Group
· Transcontinental Inc.
· Coveris Holding SA
· Huhtamaki
· Sonoco
· Sealed Air Corporation
COVID-19 scenario-
· Flexible packaging is primarily used in food & beverages, cosmetics, industrial, and personal care. Although the end-use industries were primarily affected during the initial phase of the pandemic and so was the flexible packaging market, the market is anticipated to recoup soon.
· The companies are taking recourse to various techniques to escalate production volume and are attempting to develop innovative solutions at a cost-effective price that can cater to customer requirements at a lower cost and support the overall breakthrough.
The plastic segment to dominate by 2030-
Based on material, the plastic segment contributed to more than one-third of the global flexible packaging market share in 2020, and is anticipated to rule the roost by 2030, due to its low cost and various features leading to overall increase in the product shelf life. The paperboard segment, on the other hand, would register the fastest CAGR of 6.8% throughout the forecast period.
The films segment to maintain the dominant share-
Based on packaging type, the films segment accounted for more than two-thirds of the global flexible packaging market revenue in 2020, and is expected to lead the trail by 2030, owing to increasing demand from the food & beverage industry. The stand-up pouch segment, however, would register the fastest CAGR of 9.4% during the forecast period.
Asia-Pacific, followed by North America, garnered the major share in 2020-
Based on region, Asia-Pacific garnered the major share in 2020, holding nearly two-fifths of the global flexible packaging market. This is attributed to the growing food & beverage industry in China, India, and other Asia-Pacific countries. However, the market across North America would cite the fastest CAGR of 8.2% from 2021 to 2030.
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Considerable Prosperity Expected in Global Needle-Free Diabetes Management Market in Future
One of the key factors bolstering the growth in the demand for needle-free diabetes management solutions is the rising incidence of diabetes across the world. The main reason behind the surge in the occurrence of this disease amongst adults is the rising sedentary lifestyle and lack of access to proper preventive care in several countries. As per the International Diabetes Federation (IDF), around 415 million people across the globe had diabetes in 2015, and this number is predicted to reach 642 million by 2040. Needle-free diabetes management basically involves the diagnosis, treatment, and monitoring of diabetic people without incorporating the use of needles. The blood glucose levels of diabetic patients are controlled by injecting insulin into the body, which is usually done via needles. As the usage of needles for insulin administration carries the risk of causing infections and numerous kinds of needle-stick injuries, the healthcare providers and patients are increasingly preferring the use of needle-free means for insulin administration. As per the World Health Organization (WHO), around 16 billion injections are administered across the world every year. Powered by the above-mentioned factors, the needle-free diabetes management market is expected to demonstrate huge growth in the coming years. There are mainly three types of needle-free diabetes management devices — diagnostic devices, artificial pancreas, and treatment devices. While the treatment devices are used for infusing or administrating insulin in diabetic patients, the diagnostic devices are utilized for monitoring the blood glucose levels, without using needles. Similarly, artificial pancreas function like healthy pancreas and thus are used for the automating the management of the blood sugar levels. The other major factor boosting the adoption of needle-free diabetes management solutions, globally, is the rising awareness amongst the people regarding the various safety issues associated with the use of needles. Owing to the injuries caused due to the use of needles during insulin administration, a majority of healthcare workers and patients experience fear, emotional stress, and anxiety. In addition to this, needle sticks, if they are not properly sterilized or not disposed of after use, can cause blood-borne pathogen transmissions in patients during insulin administration. Globally, North America recorded the highest usage of needle-free diabetes management devices in the past. In North America, the U.S. recorded higher utilization of these instruments in the last few years, and this trend is expected to continue in the near future as well. In the Asia-Pacific (APAC) region, Japan is currently observing wide-spread usage of these needle-free devices for diabetes management, while in Europe, Germany is generating huge revenue in the needle-free diabetes management market. Therefore, it can be said that due to the increasing preference of doctors and patients for needle-free devices for the diagnosis and treatment of diabetes, the demand for needle-free diabetes management devices will boom in future.
Passive Q switch crystal
A Passive Q switch is a tool that can accomplish Q switching by taking advantage of the fact that the transmittance of optical material depends on the laser intensity at a particular wavelength. The laser freeze linker generally creates saturated absorptive crystals in passive Q-switched crystals. The absorption coefficient of saturated absorption crystal lowers with the increase of occurrence light strength. When the saturation value is reached, the loss (Q value) in the laser tooth cavity is regulated, as well as the pulse is released. Some passive Q-switching crystals are listed below: Co: Spinel Co: Spinel crystal, called cobalt spinel, is a recently established product. Its emitting wavelength range is 1.2-1.6 μm, which has actually confirmed to be an extremely reliable passive Q-switched switch. It is widely used in the eye-safe Er: glass laser (1.54 µm) and also has actually been validated in lasers with wavelengths of 1.44 µm as well as 1.34 µm. Co: Mgal2o4( Co: spinel) has a high absorption cross-section, allowing Q switching of Er: glass lasers (flash and diode laser pumps) without tooth cavity concentrating. The minimal ecstatic state absorption causes a high contrast proportion of the Q switch. That is, the ratio of the preliminary to saturated soaked up signal is more than 10. The primary attributes of Co: Spinel crystal: 1.3 to 1.6 mu m within the scope of the reduced optical loss High damages limit V: YAG V: YAG crystal, the Chinese name vanadium-doped yttrium aluminium garnet, is a relatively new crystalline product. Ideal for 1.06 ~ 1.44 μm laser discharge, specifically for 1.3 μm Nd laser. The absorption height cross-section of the excited state is not evident near the absorption top of 1300 nm. This product has excellent optical, mechanical and also thermal homes. It can be created by the Czochralski method. V: YAG crystals can be used in Nd: YAG, Nd: YAP, Nd: KGW, Nd: YVO 4 and various other energetic media to obtain the passive Q-switched laser with portable structure as well as outstanding efficiency. V: YAG crystal Main characteristics: High-ground state absorptio Not noticeable thrilled state absorption Q switch high comparison Good optical residential or commercial properties, mechanical residential or commercial properties and also thermal buildings Ultraviolet immune high damage threshold Cr: YAG Cr4+: YAG crystal, Chinese name chromium doped yttrium aluminium garnet, is an optimal product for Q switching of laser (Nd: YAG as well as other doping Nd or Yb) with wavelengths from 0.8 to 1,2 μm. A noteworthy function of Cr4+: YAG is its high damages threshold of 500-1000 MW/cm2. Its absorption band prolongs from 800 nm to 1200 nm and reaches its optimal at regarding 1060nm, with a huge cross-sectional area of absorption height. Cr: YAG crystal Highlight: 500-1000 MW/cm2 high damages limit Extremely stable chemical as well as reliability Great thermal conductivity, lengthy life span Portable passive Q switch Simple to operate
How is Increasing Geriatric Population Driving Muscle Relaxant Drugs Market?
Today, the population of people aged 60 years or above is growing much faster than it was a few years back. As per the World Health Organization (WHO), the proportion of aged people will nearly double from 12% in 2015 to 22% in 2050. Owing to this, the medical settings need to be prepared for catering to the needs of this age group, since the geriatric population is more susceptible to diseases and therefore requires frequent and effective care. As a person grows older, their bodily functions start needing much more care. The physical body becomes weaker, which is why older people are also more prone to muscle spasms and body pain. Because of this, the demand for muscle relaxants is growing at a swift pace. Muscle relaxants are utilized for preventing and reducing muscle spasms and tightness, which may occur due to an uncontrolled contraction of muscles. The muscle contract sudden resulting in pain, which creates the need for medical intervention. Ascribed to these factors, the global muscle relaxant drugs market is projected to grow at a rapid pace in the coming years. The three major types of muscle relaxants are neuromuscular blocking agents, facial aesthetic relaxants, and skeletal muscle relaxants. Out of these, the demand for facial aesthetic relaxants was the highest in the past, which is basically because of the high safety and efficiency of these drugs. Different types of facial aesthetic relaxant drugs are dysport and Botox, between which, the demand for Botox was higher in the past. Other than this, the demand for skeletal muscle relaxants is also expected to rise in the near future. Antispastic and antispasmodic are two types of skeletal muscle relaxants. Antispastic agents are utilized for conditions such as multiple sclerosis and cerebral palsy and antispasmodic agents are used for the management of musculoskeletal conditions such as neck pain, tension headaches, and lower back pain. The growing incidence of skin diseases is also resulting in the growing requirement for different muscle relaxant drugs. Factors such as exposure to ultraviolet radiation, excessive tobacco and alcohol consumption, and surging pollution lead to reduction in reduced skin elasticity and the skin becomes susceptible to sunburns. In addition to this, acne is the most common dermatological condition and affects a large number of people all across the globe. Attributed to these factors, people are increasingly making use of botulinum toxic-based muscle relaxant procedures for treating skin diseases. Owing to the growing utilization of facial muscle relaxants and surging geriatric population, North America has been a major consumer of muscle relaxants in the past. Furthermore, increasing research & development investments, rising awareness regarding musculoskeletal problems and their management, and advancements in healthcare infrastructure are also driving the demand for muscle relaxants in the region. Apart from this, the Asian region is predicted to emerge as the fastest-growing muscle relaxant drugs market in the coming years, which is due to the rising prevalence of chronic diseases, increasing number of surgeries, and surging geriatric population. Hence, the demand for muscle relaxant drugs is also growing due to the rising geriatric population and increasing incidence of skin diseases around the globe.
The plastic material are suitable for the production of greenhouse films 1. Greenhouse PE film (Polyethylene) Greenhouse films made of PE material achieve an industry standards: cheap, easy to manufacture and also easy to repair when they fail. Old or torn film areas can be easily welded or replaced. The PE plastic material used to manufacture greenhouse films must be formulated with additives that increase toughness and durability, while being coated with anti-UV and anti-charge coating. The quality of the greenhouse PE film gradually deteriorates over time, their average lifetime in medium weather is no more than 3 years. In the later stages of their life cycle they are very susceptible to tears or punctures. This solution is suitable for programs with tight budgets, low initial capital investment because they are very cheap. The cost of this savings is that you have to repair or replace the greenhouse PE films several times. 2. Polycarbonate greenhouse film Polycarbonate is much stiffer, and very expensive. These membranes have a multi-layered structure that gives them excellent insulation, durability and flexibility. If you can afford to cover the greenhouse with this material, it will be great. It won't take time to maintain, repair or replace them. This type of membrane also has the disadvantage of low light penetration and they are also prone to tarnishing. 3. PVC greenhouse film Although very rarely used, polyvinyl carbonate (PVC) coating is also a viable option for greenhouse films. This extremely durable material can last more than five years without much repair or maintenance. However, they are significantly more expensive than two types of memberance have been mentinoned before. It is also very difficult to produce large-size plastic films with PVC material, common sizes of greenhouse films of this material are mostly in the range of 50 - 150 cm. 4. Imported specialized greenhouse films Most of them are products created from laboratories, their materials are synthetic resins or other artificial materials. They are meticulously engineered to be both thin and light, while also being able to withstand force and withstand the environment well. These types of greenhouse films often consist of multiple layers of combined material, with good insulation ability. The temperature difference inside and outside the memberance at night can be as high as 20 degrees Celsius. Absolutely no need to use heating lights. These types of greenhouse films do not have the nearly permanent lifespan of constructing glass panels or fiberglass. However, they have low initial investment costs and easy relocation and repair, suitable for short-term projects. Building a greenhouse for cultivation or breeding is simple with greenhouse membranes. Just hang them up at the load-bearing points of the frame, it's simple. The flexibility of this material also makes it easier to construct corners or rounded points such as curved roofs and arches. If you are looking for something that is both durable, light and cheap with high transparency, the greenhouse PE film is a product to consider. However, do not expect them too much because after all they are simply a plastic film. Where to buy quality greenhouse films in Viet Nam. Most greenhouse films are imported products. There are many store as well as many brands, and the quality and price vary. The Vietnamese packaging enterprises also gradually participate in the production and supply chain of greenhouse films because this is actually a type of large size plastic film with surface treatment. The quality of Vietnamese greenhouse films also varies widely by manufacturer. This is understandable because each business has to tinker with its own recipe for ingredients and additives. The material formulations and surface treatments of greenhouse film manufacturers have been kept secret. Currently, Viet Nam companies do not produce multi-layer greenhouse films, only single membranes with surface treatment. Khang Loi's greenhouse PE film products were born thanks to the facilities and experience from many years of packaging production. They are actually large PE films with Corona treated and UV-resistant coating to increase product durability and resistance. Our products have received pretty good feedback from customers. Product lifespan averages 3 to 4 years under normal conditions, the humidity and temperature maintenance functions are also very well performed.
Why Are Gender-Specific Smartwatches a Big Winner?
With people getting better jobs in cities, their disposable income is growing. This is propelling the sale of things that were earlier considered a luxury and additional expense, such as vehicles and electronic gadgets. These things have become a marker of the socioeconomic status, with people flaunting their gadgets amongst peers and at social callings. Further, with people adopting a sedentary lifestyle, either out of necessity or choice, the incidence of lifestyle-associated diseases, such as obesity and diabetes, is rising. In this regard, the rising prevalence of obesity, which leads to other severe diseases, such as diabetes, high cholesterol, and blood pressure, the latter two of which are themselves triggers for the really nasty heart diseases, such as heart attack, is propelling smartwatch sales. In an article of June 2021, the World Health Organization (WHO) says, “Worldwide obesity has nearly tripled since 1975.” Hence, people are downloading applications on their smartwatches that help them count the steps they take and the calories they burn and monitor their heart rate, to help them keep a track of their fitness. Another driver for the smartwatch market is that many of these devices integrate with smartphones. Although smartwatches have an internet connection and many are being integrated with long-term evolution (LTE) features, they cannot yet make phone calls on their own. However, they synchronize with a smartphone via Bluetooth or another technology, which, combined with their loudspeaker, allows people to answer calls coming on their phone with their smartwatch. On the other hand, the information collected by smartwatch sensors and applications can be sent to and stored in the smartphone. To make these products even more popular, consumer electronics companies are shifting their strategy. Presently, most such devices, which are marketed as unisexual, have male-oriented designs, which makes them a little less popular among women. However, seeing that women, especially corporate women and sportspersons, are displaying a rising demand for them, companies are offering smartwatches with designs that appeal to the fairer sex. Titan, part of Tata Group, launched one such smartwatch with a female-oriented design in December 2017. During the forecast period, the fastest growth in the smartwatch market is projected to be seen in the Asia-Pacific (APAC) region. This is attributed to the booming population of the region, which is moving to the cities and witnessing an increase in its spending power as a result. Additionally, with the improving educational scenario, people here are becoming more aware of the latest technologies, which is propelling smartwatch sales. Moreover, APAC, led by China and Taiwan, is the largest manufacturer of consumer electronics in the world. Thus, with the advancing technology, smartwatch sales will increase in the years to come.
Which Rope Is Best for Hoisting and Rigging?
Hoisting and rigging are significant tasks in most industries. These terms collectively refer to safe lifting and maneuvering objects from origin to destination. Since the hoisted objects can range from expensive motor parts to a fully fledged machine, we need to ensure the rope lifting them is sturdy. So, what type of rope is ideal for these applications? We’ll find it out in this article. But first, let us dig deeper into the basics of hoisting and rigging. Hoisting and rigging equipment Hoisting and rigging require heavy object lifting. Any rope (sling), cranes, etc., used for these operations are known as hoisting and rigging equipment. Here, ropes are called slings or wire rope slings that hold the suspended load. Different types of rope slings and steel wire ropes suit specific applications. Among all, steel wire ropes for cranes are usually preferred for heavy lifting operations. What makes steel wire ropes ideal for hoisting and rigging? Let’s find out in the next section. Why is wire rope best for hoisting and rigging? A typical rope consists of a CORE (center of the rope). It acts as a foundation that strengthens the rope together. Now, there are two major types of cores – fiber and wire. The fiber core is made of natural sisal or synthetic fibers, but the wire rope consists of independent wire strands. Most wire rope hoist manufacturers generally use high-carbon steel, adhering to its robust and long-lasting nature. Reasons to choose wire rope over fiber rope. ●      Stronger – Since wire ropes are made from steel, they are much stronger, more durable, and long-lasting than fiber ropes. This makes steel wire ropes best suited for heavy lifting operations. Along with enormous strength, wire ropes also possess great flexibility.  ●      Versatile – Do you know that you can use wire ropes for diverse applications other than hoisting and rigging. You can easily find wire ropes used in cargo, counterbalancing, anchoring, and several offshore applications. ●      Ideal for adverse working conditions – While fiber or synthetic ropes might be susceptible to damage in adverse conditions, steel wire is here for the win again. Since they are made of steel, they do not deteriorate easily in harsh weather conditions, salty water, etc. Steel wire ropes are the first choice among industries when it comes to lifting heavy objects by crane. Thankfully the global wire rope hoist manufacturer provides international standard high-quality steel wire ropes. Their certified manufacturing facility and product quality make their steel wire ropes for cranes popular among crane manufacturers and end-users. Frequently Asked Questions Q. What are wire ropes? Wire ropes or steel wire ropes are made from steel wires coming together as strands which are then bound around a central core to form a single rope. Q. Which rope is best suited for cranes? Steel wire ropes are ideal for cranes since they are stiff, strong, and durable. Q. Can steel wire ropes maneuver heavy equipment? Absolutely. The best steel wire ropes for cranes have less downtime and superior resistance to bending fatigue, making them ideal for heavy equipment lifting. Q. Do the best wire rope hoist manufacturers provide installation? Yes, they provide proper staffing and equipment for installation.
Criteria for choosing plastic packaging from the manufacturer's perspective 1. What plastic material will be suitable for your packaging? To determine the material, let's take a look at the characteristics of each of the major resins commonly used. Polyethylene (PE) packaging is the most basic in terms of both production process and appearance. They are cheap and easy to manufacture, and therefore occupy a large market share, appearing in all supply chains to retail chains. PE plastic is divided into HDPE or LDPE (high density and low density). HDPE bags are hard and strong, have more opacity than LDPE. LDPE plastic bags are more resilient and can be stretched than HDPE. Bags made of PP (Polypropylene) or OPP (Orient-Polypropylene) are much harder and transparent than PE, but they are also very easy to tear when there is a puncture or scratch. In addition to the type of plastic, customers can also decide to use virgin plastic or recycled plastic, mixed with a certain ratio. Usually, to save costs for customers, manufacturers also often recommend that they order bags from recycled polyethylene. However, manufacturers still do not have a unified standard on the mixing ratio and a general assessment of the impact on the durability of recycled bags. Of course, their mechanical properties such as strength and toughness will decrease as the mixing ratio is increased. In addition, they will not look as good as products made of virgin plastic. Even a non-professional can tell with the naked eye that he is holding a bag made of recycled plastic in his hand. Not all manufacturers agree to use recycled plastic in their production processes, especially for food packaging items. This form of cost savings can only be realized when producing packaging for the secondary market. Products made from recycled plastic are often cloudy, gray or dirty beige. People often produce black plastic bags to cover these defects.
Rising CO2 Emissions To Drive Automotive Regenerative Braking System Demand
The Global Carbon Project database estimates that the global carbon dioxide (CO2) emissions increased from 36.43 billion tonnes in 2018 to 36.45 billion tonnes in 2019. As per the database, the international transport sector emitted 1.27 billion tonnes of CO2 in 2019. Furthermore, Our World in Data states that the CO2 concentration was 408.52 parts per million (ppm) in 2018. The increasing concentration of CO2, especially due to vehicular emissions, is propelling the installation of regenerative braking systems (RBSs) in automobiles, as these systems can mitigate exhaust emissions. As RSBs can curtail the exhaust emissions and fuel consumption of vehicles, the growing prevalence of air-pollution-related deaths is boosting their incorporation. According to the World Health Organization (WHO), approximately 7 million deaths across the world are caused due to air pollution every year. These deaths are caused due to stroke, lung cancer, chronic obstructive pulmonary disease (COPD), heart disease, and acute respiratory infections, which are often caused due to exposure to poor-quality air. The WHO data estimates that 9 out of 10 individuals inhale air that exceeds its limits on the pollutant levels. In recent years, automotive RBS manufacturers, such as Aisin Seiki Co. Ltd., Mazda Motor Corporation, ZF Friedrichshafen AG, Denso Corporation, Robert Bosch GmbH, Maxwell Technologies, Continental AG, and Adgero S.A.S, have engaged in business expansions, partnerships/collaborations/agreements, mergers and acquisitions, and product launches to cater to the needs of automobile manufacturers. Additionally, such companies are focusing on pricing strategies, developing innovative products and services, and executing marketing initiatives to reach out to a greater number of customers. According to P&S Intelligence, the Asia-Pacific (APAC) region adopted the highest quantity of RBSs in the preceding years due to the burgeoning demand for long-range battery electric vehicles (BEVs) and fuel-efficient hybrid electric vehicles. Moreover, the implementation of stringent government regulations for the curtailment of GHG emissions in China, Singapore, India, Japan, and South Korea and the expanding automotive industry in these countries will create a huge requirement for RSBs. Owing to these reasons, APAC is also expected to adopt such equipment at the highest rate in the foreseeable future. Whereas, North America held the second position in the automotive regenerative braking systems market in the past owing to the booming demand for zero-emission vehicles (ZEVs). The quick public shift toward ZEVs can be ascribed to the implementation of strict government regulations regarding vehicular pollution in the U.S. and Canada. For instance, the National Highway Traffic Safety Administration (NHTSA) and the U.S. Environmental Protection Agency (EPA) are proactively working toward mitigating GHG emissions. Therefore, the soaring need to mitigate air pollution levels and the booming demand for fuel-efficient vehicles will fuel the adoption of RBSs.
6 Korean Olympians To Watch!
You know I can't WAIT for the Olympics so let's look at a few awesome Olympians representing South Korea :D PS: 올림픽 - oh-lim-pik! Ki Bo Bae - Archery A South Korean archer who was ranked the world’s number one archer in August 2015. She is the current World Championship and the defending Olympic champion in archery. An Chang Rim - Judo South Korea’s premier lightweight Judo champion and the nation’s representative in the 2016 summer olympics. He is currently ranked first in the world and seeded first in the Olympics. Kim Ji Yeon - Fencing A South Korean sabre fencer and the 2012 Olympic champion. Having started foil fencing at the age of 13, she is the first South Korean woman to win a gold medal in fencing in the Olympic games. Shin A Lam - Fencing A fencer whose 2012 duel sparked a huge controversy in the Olympic games after a timekeeping error gave her opponent a timing advantage. When South Korea immediately appealed the decision, Shin waited for over an hour on the duelling ground, in accordance to the fencing bylaws, while judges deliberated and eventually gave the win to Shin’s opponent. Son Yeon Jae - Rhythmic Gymnastics An individual rhythmic gymnast, dubbed the “National Fairy” of South Korea. She has won titles in the 2014 Asian Games, 2010 Asian Games, and 2014 World Championships. Calling it now: she's going to be the next Kim Yuna and have her face on EVERY advertisement lol! Park Tae Hwan - Swimming An Olympic swimmer who is the first South Korean to win an Olympic medal in swimming. He has competed and won medals in the 2008 and 2012 Summer Olympics, and is to compete once more in the upcoming 2016 games. Who else is PUUUUUMPED for the Olympics?!