Increased Plastic Adoption to Fuel the European Food Packaging Market
Published: Sep 2020
The European food packaging market is projected to grow at a CAGR of 6.2% during the forecast period. The key factors that drive the growth of the market include the increased use of plastics in the packaging sector. According to the PlasticEurope, in 2018, the packaging segment accounted for approximately 40% share of the overall plastics market in Europe.
Introduction of New Vegan Baking Ingredients will Drive the Growth of the Vegan Baking Ingredients Market
Published: Sep 2020
The global vegan baking ingredients market is anticipated to grow with a lucrative CAGR during the forecast period. The growth of the vegan baking ingredients market is attributed to the consumer’s increasing adoption of a vegan diet into their daily lifestyle all across the globe. The recent shift in consumer behavior is driving the market players in the baking industry to replace traditional ingredients with vegan ingredients in their product offerings.
Wide Range of Polypropylene Films Application will Considerably Drive the Polypropylene Films Market Size
Published: Sep 2020
The global polypropylene film market is anticipated to grow with a significant CAGR of 8.3% during the forecast period. The growth of the polypropylene film market is attributed to its increasing application in packaging owing to its lightweight property. Polypropylene films exhibit great efficiency and cost-effectiveness in comparison to other packaging plastic films.
The Increasing Use of PET will Propel the Global Plastic Bottles and Containers Market
Published: Sep 2020
The global plastic bottles and containers market is anticipated to grow with a significant CAGR of 5.5% during the forecast period. The growth of the plastic bottles and containers market is attributed to the increasing trend of polyethylene terephthalate (PET) packaging across the globe. The adoption of PET (that is extruded or molded into plastic bottles and containers) is increasing significantly in end-user industries such as foods and beverages, personal care products, and various other consumer products.
The Medical Packaging Market is Driven Significantly with the Micro Packaging Trend in the Industry
Published: Sep 2020
The global medical packaging market is anticipated to grow with a significant CAGR of 6.1% during the forecast period. The growth of the medical packaging market is attributed to the rapidly changing healthcare industry. The medical packaging market is continuously experiencing various changes owing to the outbreak of new diseases, increasing regulatory norms, and growth in advanced healthcare systems.
New Product Developments is Driving the Global Infant Formula Ingredients Market
Published: Sep 2020
The global infant formula ingredients market is anticipated to grow at a CAGR of 7.1% during the forecast period. New product development by the key market players such as Vitablend Nederland B.V., Carbery Food Ingredients Ltd., and AAK AB among others is a key factor driving the global infant formula ingredients market. For instance, in July 2022, Debut Biotechnology, Inc. announced a joint development agreement with GeneChem Inc., a Korean biotech company to develop a group of rare human milk oligosaccharides (HMOs).
Advancements in the Food Packaging to Accelerate Global Food Packaging Market
Published: Sep 2020
The global food packaging market is projected to grow at a CAGR of 6.5% during the forecast period. The key factors that drive the growth of the market include several advancements in the food packaging industry. Some of the advancements include active packaging, antimicrobials, intelligent packaging, and nanotechnology in packaging. The industry has been significantly introducing advanced packaging options that have led to improved food quality and safety.
Personal Care and Pharmaceutical Applications of Various Fatty Alcohols will Propel the Fatty Alcohol Market Size
Published: Sep 2020
The global fatty alcohol market is anticipated to grow with a significant CAGR of 5.7% during the forecast period. The growth of the fatty alcohol market is owing to the increasing use of fatty alcohols such as Cetearyl alcohol instead of regular alcohols such as ethanol in personal care products. Various fatty alcohols are used in the production of lotions, shampoos, and conditioners that are not harmful to the skin.
Wide Range of Epoxy Resins Application will Propel the Growth of the Epoxy Resins Market
Published: Sep 2020
Global epoxy resins market is estimated to grow with a significant CAGR of around 6.8% during the forecast period. The growth of the epoxy resins market is attributed to their mechanical properties and resistance to thermal stress & degradation over time which is makes them useful for most of the industrial application. The range of epoxy resin applications includes in a carbon fiber, fiberglass, metal, plastics and many more.
Increasing Adoption of Caramel Colorant for Various Food and Non-Food Application will Propel the Growth of the Caramel Ingredients Market
Published: Sep 2020
The global caramel ingredients market is anticipated to grow with a significant CAGR during the forecast period. The general process to manufacture caramel is "caramelization" which can be obtained by any type of sugar. In the process, the sugar is heated slowly to 170 oC, due to which, the molecule breaks down and caramel is formed which has a deep, rich flavor and dark golden brown color.