Global Corrugated Packaging Market Outlook to 2021£1,695.00
The global corrugated packaging market is expected to perform better than other paper-based packaging materials. Food and beverage sectors will continue to be the largest consumers of corrugated packaging, where the growth is expected to be underpinned by online retailing. Morrisons’, Britain’s fourth biggest supermarket, has recently teamed up with Amazon to offer fresh and frozen products to the UK customers. Amazon has already been offering thousands of chilled, frozen and perishable products from local shops in the US market.
In the non-food sector, some end-use sectors will see renewed growth due to changing market dynamics and consumer behaviour while other will face decelerations in demand growth. Brand owners and suppliers are set to change their strategies to capture market share which should directly impact corrugated packaging companies.
Commodity Inside has identified a number of megatrends which are set to impact corrugated packaging industry. In developing and emerging markets, corrugated packaging is advancing in new product categories. Many fresh food products which were previously transported in wooden/plastic crates and jute bags are now being shipped in corrugated boxes, which keep products fresh for relatively longer and minimise damages during transportation.
Global Folding Carton Market Outlook to 2021£1,695.00
Folding carton is the second largest packaging type in the paper and paperboard packaging market. However, the demand growth has remained insipid recently as a result of fierce competition from rigid plastic packaging, microflute and flexible packaging.
The under-performing tobacco industry and campaigns against sugary products are also proving some major drags on the demand growth, particularly, in the European folding carton industry. Notwithstanding, Commodity Inside also identified some opportunities and growth pockets which will underpin demand for folding carton over the next five years.
Global Folding Carton Market Outlook to 2021 also examined the implications of invoking Article 50 of the Lisbon Treaty on the UK and the global folding carton markets. The shocks are assessed by taking into account various variables in a three-dimensional scenario by using time required for negotiations, impact intensity and impact span.
The Global Metal Packaging Market out to 2026£1,695.00
The global metal packaging industry has shown some signs of revivals as aluminium premium and tinplate prices have softened, though the market has still not been fully out of doldrums. Matured metal packaging markets exhibited stable growths at low levels, while emerging markets benefited from swift shifts towards the high-growth plateau. However, some of these high growth markets remained more fragmented in terms of the competitive landscape which rendered producers less control on margins. For instance, almost all multinationals cans manufacturers in China are currently struggling to make profits due to numerous reasons including overcapacity and a peculiar cost-profit relationship in the market.
However, the overcapacity problem does not only exist in China but also in more matured markets such as North America. Commodity Inside understands that food and beverage cans are standardised products, and producers gain very little command over product differentiations in the mass containers market. In the backdrop of fierce competition, light metal packaging manufacturers have been making some advances to improve their margins through market consolidations, conversion of beverage cans production lines from tinplate to aluminium, new speciality cans, slim and sleek designs etc.
Meanwhile, substrate suppliers passing through more turbulent market conditions due to high inflow of Chinese materials, volatility in raw materials prices (e.g iron ore and metallurgical coal) etc. In the past, metal packaging manufacturers were buying substrates on a regional basis as well under long-term contracts. However, due to overcapacity in China and falling metal prices, some leading regional metal packaging manufacturers now outsource from China, and on a comparatively short-term basis. This has exacerbated the market conditions, particularly in tinplate market. A number of tinplate plants closed over the past few years whilst few are on the verge of closures.
Drilling down further, food sector will continue to remain a major end-use sector for light metal packaging. However, demand for metals in volume terms are set to curb due to a number of reasons including falling containers’ weight. Looking at the downside risks for metal packaging in the food sector, Bisphenol A (BPA) will create serious headwinds in spite of whether BPA would in reality harm consumers health or not. In the medium-to-heavy metal packaging market, steel drums and gas cylinders will continue to be the main drivers, though plastic drums will continue cannibalising the steel drums market.
A Strategic Outlook for the Global Glass Packaging Market to 2026£1,695.00
The global glass packaging market has been passing through a difficult time. On one side it has been cannibalised by alternative packaging materials such as plastic and metal; while on the other side some of its attributes such as convenience and high costs restraining its growth in the mass container market. Commodity Inside expects that glass packaging will forgo a small proportion of its market share to its competitors over the next ten years. We have seen a number of glass packaging producers closing their facilities due to high capital required for their operations to be competitive. Moreover, some multinational companies ceased their operations due to stiff competition from local players, for instance Owens-Illinois (O-I) wind up a significant proportion of its production capacity in the Chinese market.
Commodity Inside expects that cost cutting strategy will remain a norm in the glass packaging industry. Producers in the mass container market will continue to sell on low margins to maintain their volumes elevated, which will be a very unsustainable strategy resulting market distortions and further reductions in profits. Commodity Inside expects that producers of premium, super premium and prestige containers products -particularly for beverage and personal care markets- will continue to command relatively higher margins. However, their products also need to be innovative, cost effective and adopt the changing market dynamics.
Besides downside risks and ongoing tough conditions in the glass packaging market, a number of expansion plans are lined up and new facilities are expected to come online in various regions. We have identified a number of regions and countries where there are still huge potential for growth through Greenfield, Brownfield or M&A.
The Global Healthcare Packaging Market out to 2026£1,695.00
Healthcare packaging market, an essential, though a very small component of the healthcare industry, has directly been affecting through changes in healthcare systems as well as evolving demographics. Every country wants to improve its healthcare system to meet demand pressures. On average 10% of the Gross Domestic Product (GDP) in the world was spent on the health sector in 2013. Health spending increased faster than economic growth across OECD countries over the past 20 years. Given the rise in population, urbanisation, aging population and increase in the healthcare spending, demand for healthcare products has been on the rise and so the demand for healthcare packaging.
Global demand for healthcare packaging materials reached $65.8 billion in 2015, which showed year-on-year growth of 5.6%. The growth was mainly driven by Asia while other regions have also registered notable growths and remained supportive in driving the global demand.
Commodity Inside anticipates that global demand for healthcare packaging will increase at a CAGR of 5.3% over the next decade. Demand for healthcare products as well as developments in medical practices will determine the growth of the market. In addition, demographics changes, macroeconomic indicators, growth in emerging markets, new regulations and changes in the healthcare sector will play a pivotal role in determining the global healthcare packaging market.
A Ten Year Strategic Outlook for the Global Flexible Plastic Packaging Market£1,695.00
Despite the recent global economic slowdown, the growth in flexible plastic packaging demand has still been relatively higher than some of its competing materials. The growth in the market has also been supported by a shift from rigid to flexible plastic packaging market due to a number of reasons including its intrinsic characteristics. Meanwhile, on the downside, we have seen a number of government initiatives to limit the use of flexible plastic packaging products. This has some negative impact on the industry.
Going forward Commodity Inside anticipates that emerging markets, particularly emerging Asia will continue to support the growth. China which has been a major driving force behind the growth will show some signs of deceleration due to its softening economic growth. Food will continue to be a major consumer of flexible plastic packaging over the next 10 years.