Growing Demand of Liquid Packaging in Asia-Pacific Regions

Rise in population, income level, and higher disposable income are the reasons for growing demand of liquid packaging in Asia-Pacific

The market size for liquid packaging is projected to reach USD 370.75 billion by 2021, registering a CAGR of 5.4% between 2016 and 2021. Growing demand for liquid packaging from the major end-use industries such as food & beverages, non-food, and industrial segment in emerging economies is driving the market. 

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New product development is the key strategy adopted by industry players to boost their growth in the liquid packaging market. This strategy accounted for a share of 30.0%, between 2011 and 2016, of all the growth strategies adopted by the market players. Rising demand for liquid packaging across various industries and new product developments by market players to expand their product portfolio is paving the way to fulfilling the ever changing demand from consumers. Besides new product developments, companies are investing in expanding their liquid packaging equipment manufacturing facilities in emerging regions across globe. Both merger & acquisitions and partnership/agreements/collaborations accounted for a share of 26.0% of all the developments witnessed between 2011 and 2016. Companies are also focusing on expansions since the last three years. This strategy accounted for 18.0% of all the strategic developments in the market.

North America was the most active region from 2011 to 2016, in terms of strategic initiatives. Companies such as The Dow Chemical Company (U.S.), International Paper (U.S.), Tetra Pak International S.A. (Switzerland), Smurfit Kappa (Ireland), Mondi Plc. (Austria), and Sidel (Switzerland) made several mergers & acquisitions and new product launches in the region to expand their production capacity and portfolio for liquid packaging.

Major manufacturers such as The Dow Chemical Company (U.S.), International Paper (U.S.), Tetra Pak International S.A. (Switzerland), Smurfit Kappa (Ireland), and Mondi Plc. (Austria), Sidel (Switzerland), BillerudKorsnäs (Stockholm), Evergreen Packaging (U.S.), Elopak (Norway) and Weyerhaeuser Company (U.S.) are profiled in this report. These companies have adopted both organic and inorganic growth strategies.

The Dow Chemical Company, International Paper, Tetra Pak International S.A., Smurfit Kappa, Sidel, and Mondi Plc. are the most active players in the global liquid packaging market.

Sidel is the most active player in the liquid packaging market. It accounted for the largest share of all the developmental activities undertaken in the liquid packaging market. As part of its strategy, the company focuses on expanding its liquid packaging business by investing in expansion activities and partnership/collaborations, specifically in emerging countries. The company invested to expand in India, Myanmar, Mexico, Argentina, Ethiopia, and others for liquid packaging market.

Another company that has established a strong foothold in the liquid packaging market is The Dow Chemical Company (U.S.). The company is focused on both organic and inorganic growth strategies. It also focuses on investing in R&D to develop innovative products and new technologies. In addition to this, the company collaborated with Takigawa Corporation (Japan), Darplus (Colombia), and Ampac (U.S.) to permit them to utilize its patented packaging technology called PacXpert.

The market size for liquid packaging is projected to reach USD 370.75 billion by 2021, registering a CAGR of 5.4% between 2016 and 2021. Asia-Pacific is the leading market for liquid packaging, in terms of value, and the trend is projected to continue till 2021. Countries in this region such as China, India, Japan, South Korea, Malaysia, Thailand, and Indonesia are witnessing a gradual increase in the use of liquid packaging in the end-use industries, namely, food & beverages, non-food, and industrial segment.

China leads the Asia-Pacific liquid packaging market due to the rise in the population and the rising economy. It is projected to be the fastest-growing market in the global liquid packaging market. Rapid development in the food & beverages industry in major economies, namely, China, India, and Japan, is vigorously pushing the demand for liquid packaging. Also, with growing health awareness and rising disposable income, the country is expected to remain the main hub for consumption of liquid packaging during the forecast period.

The growth of liquid packaging is mainly due to the increasing demand for these materials in packaging industry for various end-use industries such as food & beverages, non-food and industrial segment. Food & beverages is one of the fastest-growing end-use industries for liquid packaging products. Demands for reliability, good sealability, visual attractiveness, and good barrier properties along with long shelf life are essential for liquid packaging, thus driving the need of liquid packaging products in the food & beverages industry. In addition, governments of major economies, namely, the U.S., Germany, China, India, Brazil, and others are investing heavily in the liquid packaging sector and are focusing on health issues and use of renewable sources. The use of PET bottles for packaged drinking water and use of good quality and hygienic food packaging is also driving the market.

Polyethylene is projected to be the fastest-growing resin type used in the manufacturing of liquid packaging types globally. The use of high density polyethylene (HDPE) for PET bottles is gaining importance in the global liquid packaging market. The use of low density polyethylene (LDPE) for milk cartons and making polyethylene coated board is another factor driving the market. Packaging types manufactured using polyethylene further have considerable potential in the area of packaging liquids in non-food and industrial segments. Liquid packaging is used largely for different applications across various packaging applications placed in several end-use industries, ultimately driving the market.

Flexible liquid packaging is the fastest-growing type of liquid packaging. Increasing benefits of flexible liquid packaging over rigid liquid packaging is causing a shift of the consumers towards flexible liquid packaging. Flexible liquid packaging is preferred as it is cost-effective, environment–friendly, and less prone to damage. Flexible liquid packaging is used in packaging of liquid products such as milk, sauces, soups, beverages, dairy products, spirit, wine, and others. It is also used in applications across various other non-food industries such as including medical & pharmaceutical, beauty & personal care, household care, and others, thus significantly driving the liquid packaging demand globally.

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Plasterboard Market Industry Leaders & New Revenue Pockets

According to the new research report "Plasterboard Market by Type (Standard, Fire-Resistant, Sound-insulated, Moisture-Resistant, Thermal, Specialist, Impact-Resistant), Form (Tapered-Edged and Square-Edged), End-Use Sector, and Region - Global Forecast to 2021", The plasterboard market size is estimated to grow from USD 18.07 Billion in 2016 to USD 23.85 Billion by 2021, at a CAGR of 5.7% between 2016 and 2021.

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Browse 163 market data tables and 47 figures spread through 201 pages and in-depth TOC on “Plasterboard Market”

Year 2014 Witnessed Several Mergers & Acquisitions in the Plasterboard Market by Key Players to Expand their Product & Service Portfolios

Plasterboard is an extensively used building material, which can be defined as a thin rigid board, in the form of a layer of gypsum core compressed between two thick sheets of recycled paper, used for forming and covering walls and ceilings. It is also referred to as a wallboard or drywall as it involves a dry construction process for its installation. MarketsandMarkets projects that the plasterboard market size will grow from USD 18.07 Billion in 2016 to USD 23.85 Billion by 2021, at a compound annual growth rate (CAGR) of 5.7% from 2016 to 2021. The increase in demand for plasterboard from the residential sector is driving the growth of the plasterboard market.

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The key players in the plasterboard market are Armstrong World Industries Inc. (U.S.), Etex Group (Belgium), Saint-Gobain S.A. (France), Gypsum Management and Supply, Inc. (U.S.), USG Corporation (U.S.), Georgia Pacific LLC (U.S.), Boral Limited (Australia), KNAUF Gips KG (Germany), Fletcher Building Limited (New Zealand), LafargeHolcim Ltd. (Switzerland), and National Gypsum Company (U.S.). Other players in the plasterboard market include Mada Gypsum Company (Saudi Arabia), Beijing New Building Material Group (China), Gypsemna (UAE), Gyprock (Australia), Siniat Ltd (U.K.), Ayhaco Gypsum Products (UAE), Ahlstrom Corporation (Finland), Tai Shah Gypsum Co. (China), Yoshino Gypsum Co., Ltd. (Japan), Tanzania Gypsum Limited (Tanzania), Atiskan Gypsum Products Co Inc. (Turkey), Jason Plasterboard Co. Ltd. (China), and Gyptec Iberica (Portugal). These players adopted various strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions, partnerships, agreements, joint ventures & collaborations, and new product launches are some of the major strategies adopted by the market players to achieve growth in the plasterboard market.

The year 2014 witnessed several mergers & acquisitions in the plasterboard market by key players to expand their product & service portfolios and improve their distribution network through the means of vertical acquisitions. Expansions was the second-most adopted key strategy by market players in order to expand their geographical reach to untapped markets. The increase in demand for plasterboard, coupled with high development in the construction industry in emerging markets has encouraged companies to adopt this strategy.

USG Corporation (U.S.), is a leading manufacturer and distributor of gypsum plasterboard and related products for remodeling and construction industries. The company offers a range of products for use in residential and non-residential construction as well as products used in certain industrial processes. In 2014, the company entered into a strategic alliance with Zawawi Group of Oman. The aim was to meet the increasing demand for wallboard products in the Middle East and India. The alliance had two defined phases; the first phase was to establish a mining joint venture, in which USG acquired 55% of Zawawi Gypsum. The second phase was entering in a 50:50 joint venture in manufacturing wallboards.

Etex Group (Belgium) offers a wide range of products such as cladding and building products, roofing, ceramic tiles, fire protection, and insulation solutions. In 2016, the company acquired the business of Lafarge Gypsum South Africa and was able to offer full building solutions. The aim was to be able to meet the demand of the South African market. In 2015, Etex started a new plasterboard plant in Lima, Peru with the aim to further expand in the Latin American countries.

Plastic Decking Market: Residential Buildings Industry is Estimated to Play a Key Role

The report "Plastic Decking Market by Resin Type (HDPE, LDPE, PVC, PP), Composite Type (Capped, Uncapped), Type of Construction (Repairs & Remodeling, New Decks (Existing Constructions, New Constructions)), End-Use (Residential, Non-Residential) - Global Forecast to 2021", The plastic decking market size is estimated to grow from USD 2.55 Billion in 2015 to USD 4.69 Billion by 2021, at a CAGR of 10.82%. The plastic decking market is projected to witness significant growth in the next few years with the increasing demand for new constructions all over the world due to rapid urbanization and industrialization with large-scale investments in industrial and infrastructure sectors, rising construction activities in emerging economies, and development of innovative products in the decking market are some of the factors driving the growth of the plastic decking market. 

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Browse 190 market data Tables and 45 Figures spread through 204 Pages and in-depth TOC on "Plastic Decking Market"

Plastic decking is manufactured using recycled plastics or virgin polymers. The plastic decks helps to increase the strength, low maintenance, and durability. MarketsandMarkets projects that the plastic decking market size will grow from USD 2.55 billion in 2015 to USD 4.69 billion by 2021, at a compound annual growth rate (CAGR) of 10.82% from 2016 to 2021. The increase in demand of plastic decks from residential applications is driving the plastic decking market.

The key players in the plastic decking market are UPM Kymmene Corporation (Finland), Universal Forest Products, Inc. (U.S.), Advanced Environmental Recycling Technologies, Inc. (U.S.), Azek Building Products, Inc. (U.S.), Fiberon LLC (U.S.), Cardinal Building Products (U.S.), TAMKO Building Products, Inc. (U.S.), CertainTeed Corporation (U.S.), Green Bay Decking, LLC (U.S.), and DuraLife Decking & Railing Systems (U.S.). These players have adopted various strategies to expand their global presence and increase their market share. New product launches, partnerships, agreements, expansions, and investments are some of the major strategies adopted by the market players to achieve growth in the plastic decking market

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The year 2014 and 2015 witnessed several new product launches of plastic deck products by key players in order to strengthen their product portfolio and substantial agreements between plastic decks manufacturers and distributors. New product launches and agreements were the key strategies adopted by the manufacturers for expanding their market share in the plastic decking market

Azek Building Products, Inc. (U.S.) introduced a new product line of plastic decking called the Vintage Collection. The development of these new products will improve the performance of plastic decks which will support the growth of the market. Azek Building, Inc. (U.S.) introduced a new light color called Hazelwood for its arbor collection decking boards. Such decking colors are designed to match hardscapes and other exteriors to create a customized outdoor living space. The development of such products provides the company with a competitive edge over other manufacturers.

In 2013, Fiberon, LLC (U.S.) signed a distribution agreement with Shelter Products, Inc. (U.S.) to distribute the full line of Fiberon decking products. This agreement helped the company develop its business and enhance the supply of high-value products to its prospective customers. In the same year, the company signed a distribution agreement with Monsma Marketing Corporation, (U.S.) for the distribution of various decking colors, grain patterns, and design choices for builders and homeowners. This development strategy enabled the company to expand its market presence in the Midwestern region of the U.S. Plastic decking manufacturers worldwide are continuously upgrading their products and services to provide innovative, long lasting and advanced decking products.

The residential buildings industry is estimated to play a key role in the plastic decking market.

Decks are constructed outdoors above the ground and are connected to a building. Plastic decks have multiple applications such as garden landscaping, extension of living area of a house, dinning, play group area, and interiors of houses.  A significant change has been observed in the construction industry with the introduction of plastic decks as it offers high-performance, low-maintenance, and low-cost building products. Also, 3D concrete printing offers benefits of high quality control, increased efficiency, and better finishing. MarketsandMarkets projects that the global plastic decking market size will grow USD 2.55 billion in 2015 to USD 4.69 billion by 2021, at a CAGR of 10.82%. Increase in infrastructural activities, industrialization, and recovery of global economy are expected to be the major drivers of the plastic decking market.

Traditionally, wood and wood plastic composites were used to manufacture decking products. With the rising need for advanced innovative products and to overcome the limitations of conventional decking material, capped composites were launched. These composites contain an additional resin protection layer or capstock on the decking surface. The growing demand for high-performance decking in commercial applications such as hotels, marinas, and public parks has increased the need for capped composites. Capped composites dominated the plastic decking market, globally, especially in North America, owing to its superior product quality and better performance when compared to other composites. Manufacturers have started to manufacture capped composite decking products to establish their brand name and increase their market share in the plastic decking industry.

The residential sector is projected to be the fastest-growing market in the plastic decking market because of the properties exhibited in plastic decks such as resistance to rot, splinter, color fading, long product durability, and low maintenance cost. The residential application dominated the plastic decking market globally in 2015 and this trend is expected to continue during the forecast period. As residential applications require non-splintering, rot-resistant, and non-color fading decking products, plastic decks are largely used in this sector. The non-residential application of plastic decking includes docks, marinas, public boardwalks, commercial establishment patios, and flooring, among others. Capped composites are utilized in large volumes where the decking is always in contact with water.  

On the basis of resin type, the market for plastic decking is segmented into high-density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene (PP), and polyvinyl chloride (PVC). HDPE is projected to grow at the highest rate, owing to its easy to use and install, durable, and adaptable characteristics. HDPE products require no waterproofing, painting, staining, and are cost-effective; this segment is projected to grow at the highest CAGR.

In 2015, North America dominated the global plastic decking market by volume, with U.S. being the fastest-growing market in this region. This was followed by Europe, Asia-Pacific, and RoW. Plastic decking products offer better features such as low maintenance cost, long product durability, and superior aesthetic looks in comparison to natural wood decking products. The high growth in demand of plastic decking products is anticipated from the RoW and Asia-Pacific regions. The Middle Eastern region and Brazil are projected to be the fastest-growing markets for plastic decking in the RoW region.

Asia-Pacific Expected to be the Fastest Growing Region in the Laminated Labels Market

According to the new research report "Laminated Labels Market, by Composition (Facestock, adhesive, release liner), Printing ink (water-based, solvent-based, holt melt-based, UV curable), Printing technology (Digital, Flexographic, Lithography), Form (Reels, Sheets) - Forecast to 2020", is projected to grow from USD 75.56 Billion in 2015 to USD 94.49 Billion by 2020, at a CAGR of 4.57% from 2015 to 2020.

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Browse 199 tables and 64 figures spread through 248 Pages and in-depth TOC on "Laminated Labels Market"

The laminated labels market is one of the fastest-growing sectors and serves most of the industries which include the food & beverages, pharmaceuticals, consumer durables, home & personal care, retail labels, and others. Laminated labeling gives several advantages to product manufacturers and brand owners, such as delivering manufacturing economies and efficiencies, which drive the demand for these labels.

The growth of the laminated labels was largely influenced by mergers & acquisitions and new product launches in the past five years. The year 2015 experienced a large number of new product launches by top players in the market. Mergers & acquisitions also formed an essential part of their strategies, which led to the growth of the companies in emerging markets. Most players in the market hold long-term contracts with their clients for the supply of laminated labels for the manufacturing of products. Considerable investments were made in technology upgradations and servicing facilities across developed and emerging markets. The major players include companies such as Avery Dennison Corporation (U.S.), 3M Company (U.S.), Coveris Holdings S.A. (Luxembourg), CCL Industries Inc. (Canada), Constantia Flexible Group GMBH (Austria), and RR Donnelley & Sons Company (U.S.).

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CCL Industries, Inc. (Canada) held the leading position in the global laminated labels market. The company has maintained its leadership position through its strong distribution network across Europe, Americas, and emerging markets. CCL Industries is among the leading manufacturers of products for many of the markets it serves. CCL Industries has adopted mergers & acquisitions as strategies to capture the market. In July 2013, CCL Industries acquired Avery Dennison's Office & Consumer Products (OCP) and Designed & Engineered Solutions (DES) businesses, which will support CCL Industries to strengthen its business portfolio and increase its business revenue and customer base.

Coveris Holdings S.A. (Luxembourg) is a global manufacturer of plastic and other value-added packaging products. They manufacture and deliver a broad range of flexible and rigid plastic, paper packaging, and coatings products that include primary packaging (such as bags, pouches, cups, lids, and trays), films, laminates, sleeves, and labels. The labels segment of the company caters to the food service, convenience food, household & personal care, and beverage market. Coveris Holdings has adopted mergers & acquisitions to gain a competitive advantage in the market. 

Asia-Pacific expected to be the fastest growing region in the laminated labels market during 2015 to 2020

The laminated labels market is growing rapidly in accordance with the growth in the packaging market globally. Factors such as rising demand for durable labeling solutions, growing demand in logistics, consumer durables, and pharmaceutical supplies, and growing food & beverage packaging products have contributed majorly to the growth of the laminated labels market. The laminated labels market is classified on the basis of its composition, printing technology, priniting ink, form, and application. It has experienced continuous progress with regard to technological advances and innovations in the packaging industry. According to MarketsandMarkets, the global market for laminated labels, in terms of value, is estimated to reach USD 75.56 billion in 2015; it is projected to reach 94.49 billion by 2020, at a CAGR of 4.57% from 2015 to 2020.

High growth potential in emerging markets of Asia-Pacific is expected to provide new growth opportunities to players in the laminated labels market. In 2014, the Asia-pacific region accounted for the largest share in the global laminated labels market, with China being the fastest-growing market in this region. Developing countries such as China and India are projected to be emerging markets, making Asia-Pacific the highest growing in the laminated labels market. These emerging economies focus on adopting the latest technologies and manufacturing processes in various industrial segments. The growth of the laminated labels market in this region is driven by factors such as the growing food and beverage industry, the rise in demand for pharmaceuticals and consumer products, budding trend of convenient packaging, and economic development.

The food & beverage segment is estimated to account for the largest share in the laminated labels market, on the basis of end use and this trend is projected to continue during the forecast period. Growing awareness among the consumers about the sustainable products has led to an increase in the global demand of laminated labels as they offer a less expensive alternative and higher performances such as flexibility and durability.

The UV-curable ink segment is estimated to be the fastest growing segment in the laminated labels market, on the basis of printing inks. Increasing environmental awareness among the consumers has led to an increase in the global demand of UV-curable inks as they are devoid of any solvents and therefore do not emit any volatile organic compounds. Also UV-curable inks can be rapidly cured and therfore help in reducing production time.

The facestock segment is estimated to be the fastest growing segment in the laminated labels market, on the basis of composition. The dependence of the print quality of labels on the facestock being used has resulted in an increased market share of facestocks.

The reels segment is estimated to account for the largest share in the laminated labels market, on the basis of form and this trend is projected to continue during the forecast period. The main factor that led to the growth of labels in the form of reels is that these labels can be easily cut into any shape, while those available in sheets are restricted to squares and rectangles. Also the rate at which laminated labels are applied to a product through reels is higher, making it faster and easier as compared to sheets, thus causing the market for reels to grow at a higher rate.

The global laminated labels market is further driven by companies adopting strategies such as new product developments, mergers, acquisitions, and expansions. Mergers & acquisitions accounted for the largest share of 53% of the total strategic growth developments adopted by the key players of the laminated labels market from January 2011 to January 2016. Small-scale players also adopted this strategy to expand their businesses globally.

Leading companies are adopting different development strategies to sustain their position and gain a larger share in the market. The rising demand for flexible packaging and aseptic packaging has encouraged companies to adopt this strategy. The global laminated labels market is dominated by major players such as 3M Company (U.S.), Coveris Holdings S.A. (Luxembourg), CCL Industries Inc. (Canada), Avery Dennison Corporation (U.S.), Constantia Flexible Group GMBH (Austria), and RR Donnelley & Sons Company (U.S.).