As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Ribbed Closures market is expected to grow at a healthy CAGR during the forecast period (2017-2027). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales of Ribbed Closures in the coming 10 years.
The report conducts in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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The Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Ribbed Closures
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Ribbed Closures market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Ribbed Closures Market Takeaways and Projections
- The U.S. is expected to lead the North America Ribbed Closures market, projecting the fastest growth in the region between 2017 and 2027
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2027.
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Report Benefits & Key Questions Answered
- Ribbed Closures Historical Market Analysis: The detailed survey by FMI, examines key factors in the Ribbed Closures market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Ribbed Closures market for the forecast period 2017-2027.
- Ribbed Closures Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Ribbed Closures for the assessment period. As per the study, the demand for Ribbed Closures will grow at a robust CAGR between 2017 and 2027.
- Ribbed Closures Market Trend Analysis: The latest study by FMI on the Ribbed Closures market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Ribbed Closures market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
Global Ribbed Closures Market – Segmentation
The global photographic paper market is segmented by material type, thickness, distribution channel, and end use. The pricing for photographic paper has being done based on material type segment in US$ million, and the volume is considered in tonnes.
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Global Ribbed Closures – Market Segmentation
Global ribbed closures market segmented on the basis of material type, diameter and by end use.
On the basis of material, global ribbed closures market is segmented into –
- Polyethylene
- HDPE
- LDPE
- LLDPE
- Polypropylene
- Others
On the basis of diameter, global ribbed closure market is segmented into –
- Up to 15 mm
- 15 to 30 mm
- 30 to 50 mm
- Up to 50 mm
On the basis of end use, global ribbed closure market is segmented into –
- Food & Beverages
- Cosmetic & Personal Care
- Pharmaceutical
- Agriculture
- Others
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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