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Cold Chain Packaging Market Development Status, Competition Analysis, Type and Application 2030 The global cold chain packaging market is expected to grow on an exponential note, reaching US$ 69.2 Bn by the year 2030 at a CAGR of 14.6% between 2022 and 2030. The demand for cold chain packaging solutions has increased significantly with the growing requirement from the food, beverages, and pharmaceutical industries. Growing consumer inclination toward cosmetics and personal care products has further fueled the sales of cold chain packaging. According to the Future Market Insights (FMI), the global cold chain packaging market is anticipated to grow at over 14.5% CAGR during the forecast period between 2022 and 2030. The latest report by FMI provides a detailed analysis of the global cold chain packaging market, and its growth, scope, and potential during the forecast period between 2022 and 2030. Key Takeaways Phase change cold storage products such as plates, micro capsules, bags, and balls continue to witness high demand Reusable packaging formats continue to outsell other variants Polymer to exhibit hegemony for being the most preferred material in the manufacturing of cold chain packaging The steady growth of the food industry will continue to create opportunities US will continue to be a lucrative market globally Germany, France, and China will witness steady sales through 2030 “The growth of the cold storage packaging industry is gaining momentum with the surge in demand from the food & beverages industry. While the advanced cold storage packaging solutions are being devised by... (More)
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Global Thermoplastic Pipe Market Current and Future Trends, Leading Players, Industry Segments and Regional Forecast By 2032 | Says FMI Analyst

According to a recent thermoplastic pipe market report by Future Market Insights (FMI), the thermoplastic pipe market was valued at US$ 2.5 Bn in 2021, is projected to reach US$ 8.5 Bn by 2032, and is anticipated to grow at a CAGR of around 4.5% over the projected period of 2022-2032.

The immediate consequence of the COVID-19 pandemic resulted in a decrease in demand for thermoplastic pipes that are being used to transport oil and gas to end users' locations.

Furthermore, the pandemic has disrupted the water treatment industry, of which thermoplastic composite pipes are an essential element.

Industrial operations were halted due to the implementation of strict lockdown procedures. In addition, the thermoplastic piping systems’ operation was constrained by a lack of manpower and a decline in logistical operations.

The growing use of RTP pipe in the water and wastewater treatment industries is expected to drive up demand for thermoplastic pipes worldwide.

Given the rising importance of deep and ultra-deepwater oil and gas production and exploration operations as demand for fossil fuels has increased, offshore drilling and production activities are likely to grow at a faster rate than onshore activities during the next five years. As a result, the application of thermoplastic composite pipe in offshore products, including flowlines, umbilicals, and risers, is expected to drive the thermoplastic pipe market in the oil and gas industry.

Reinforced thermoplastic pipes (RTP) are being utilized to replace medium-pressure steel pipes in the oil and gas industry.

Due to their cost-effectiveness and... (More)

Bag-on-Valve Laminates Market will Reach a Valuation of over US$ 371 Mn towards 2031- end: FMI Bag-on-valve laminates market is expected to register growth at a steady pace, driven by the consistently rising demand from the personal care and healthcare sectors. According to a study by Future Market Insights (FMI), the market is expected to reach US$ 217.3 Mn in 2021. Expansion of the personal care industry and increase in the number of consumers using products such as deodorants, antiperspirants, hair sprays, and others will fuel the demand for bag-on-valve laminates for effective packaging solution. Personal care products are commonly packed in traditional aerosol packaging but with innovation, bag-on-valve packaging has emerged as a preferred solutions. The bag-on-valve packaging system consists of an aluminum or tinplate container, valve, laminate bag, actuator nozzle, and a pressurized propellant such as nitrogen gas or compressed air. The use of inert gas such as nitrogen or compressed air as propellant makes the product safer by leaps and bounds compared to traditional aerosol packaging that use flammable hydrocarbons as propellants. Bag-on-Valve laminates have emerged as safer alternatives for packaging of a variety of personal care products and are gaining popularity among consumers of those products who are averse to flammable propellants. Several key players are using this technology to cater to the changing demand among consumers. According to FMI, the personal care industry is expected to account for nearly 33% of sales in the market in 2021. Besides this, the demand in the healthcare sector... (More)