Published Date : 06 Jan 20 | Views: 146 | Industry : Packaging
Bag-in-box
Solution – Eco-friendly Products Gaining Popularity
The
global market is categorized into three major segments material, product type,
and capacity. The product type segment is divided into Pouches, Bag-in-box,
Paperboard container, liquid cartons, cans, and PET Bottles. The bag-in-box
solution is gaining popularity due to the manufacturers’ shift towards this
solution from conventional HDPE rigid plastic format to reduce environmental
impact, which is likely to propel the growth of the segment. The material
segment includes Polypropylene (PP), Polyethelene (PE), metal, and Polyethylene
Terephthalate (PET).
The
capacity segment is bifurcated into 1001-2000 ml, 1000ml and below, 3001 –
4000ml, 4001ml and above, and 2001 – 3000ml.
Infrastructure
Development & Construction in the Asia-Pacific Industry is Driving the
Growth of the Market
Increased
spending on infrastructure and the booming construction industry in the Asia-Pacific
region is likely to fuel the growth of the market. Developing countries such as
India and China have a huge demand for industrial and architectural paints,
which is offering impetus to the growth of the market. North America has a
substantial demand for construction in residential housing which is likely to
foster the growth of the paint packaging market.
Offering
Innovative Novel Solutions – Key Business Strategy of Market Players
The
leading companies are focusing on introducing novel products to suit the demands
of end-use industries. For instance, Smurfit Kappa, introduced bag-in-box
filler solution which can reduce packaging weight and protect paints from
various environmental conditions and contamination.
The
report offers profiles of leading companies operating in the market, which
include The Dow Chemical Co., Mondi plc, International Paper, Tetra Pak
International S.A., WestRock Company, Amcor Limited, Mauser Group, Bemis
Company, Inc., Aaron Packaging, Inc., Ball Corporation, Ardagh Group, Smurfit Kappa,
Lancaster Container, Inc., BWAY Corporation (MAUSER Packaging Solutions), RPC
Group Plc., National Can Industries Pty. Ltd., and Colep Portugal, S.A.
Construction
and Coating Industry to Create huge Demand for Paint Packaging
The surge in construction and coating industry and increasing preference for enhancing the aesthetic appeal of the buildings has resulted in high demand for paint packaging. Changing weather conditions affect building surfaces leading to increased demand of exterior paints. Exterior paints have witnessed high demand due to its applications as waterproofing agents. Increasing awareness regarding environmental impact has prompted a shift towards eco-friendly products. Paints with significantly low VOC content for reducing environmental degradation is likely to offer new growth opportunities to the market.