Super Absorbent Polymer Market
The newly released research at Market Study Report titled “2017-2024 Global Packaging Materials Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.
Packaging Materials Market size will likely surpass USD 1.3 trillion by 2024; according to a new research report.
Increasing drug manufacturing activities in the U.S. will positively impact the global packaging materials market. Packing materials such as flexible paper, flexible plastic, rigid plastic, glass and metal are widely used in pharmaceutical products such as medicines, antibiotics, vitamins among others. Due to the reactive nature of the pharmaceutical drugs, these products are mostly packed using high quality and inert constituents such as glass, HDPE, and PET structures. The most commonly used structures for pharmaceutical packaging include bottles, vials, containers, and jars. The U.S. is the prime pharmaceutical industry in the globe accounting for around 40% share of the global revenue. Pharmaceutical manufacturing industry in the country was worth more than USD 150 billion in 2016 which will increase to around USD 170 billion by 2024. This upward trend will propel demand for packing materials in the North American market till 2024.
The steady growth in the European pharmaceutical industry will also be one of the driving factors for packaging materials market in the study period. Germany, UK, France, Spain, and Italy are the largest pharmaceutical markets in the region accounting for around 70% of the total European market. The pharmaceutical market in these five countries is expected to grow by 25% between 2017 to 2022. Germany and France pharmaceutical industry sales will exceed USD 40 billion and USD 30 billion respectively by 2022, making them the largest markets in Europe. These factors are likely to increase packing materials consumption in the region and will boost the global packaging materials market till 2024.
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Paper & cardboard is a key packaging materials segment is expected to generate revenues of more than USD 150 billion in 2024. This segment will gain by more than USD 4% each year from 2017 to 2024 owing to increasing usage of paper-based products for packing applications. Flexible paper packaging materials are widely used for food, pharmaceutical, and personal care products. Cardboard and corrugated board products are widely used in bulk, secondary as well as tertiary packaging applications for a wide variety of products.
Among the different product types in the packaging materials market, bags, pouches, & wraps will be the largest segment which will grow by more than 4% CAGR during the study period. The superior performance of these products, lower costs and variety in shapes makes it one of the most sought-after product in the packing materials market.
Healthcare and cosmetics end-user segments are likely to combinedly account for more than 15% of the total market by 2024. Rising consumption of pharmaceutical products around the globe coupled with increasing personal care products demand will augment these end-user segments? market in coming years.
Major packaging materials market participants include Crown Holding Inc., Amcor, Ball Corporation, Mondi, Sealed Air, International Paper Company, Reynolds Group, etc. Apart from these main players, a considerable number of smaller companies are also present in market which caters to customers regionally.
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North America share of the Packaging Materials market is estimated to be above 130 million by 2024, increasing with CAGR of almost 6%. Steady demand for cosmetic products coupled with a growing automotive and decorative coatings market will be the chief drivers in North America. Latin America is one of the quickest growing Packaging Materials market with CAGR exceeding 3%. This region is estimated to earn a revenue above USD 30 million by the end of 2024. Healthy growth in construction industry will increase the demand for paints & coatings which will in turn propel the Packaging Materials market in this Latin America.
Packaging Materials market is characterized by moderate consolidation with major players like Silberline, Altana, Carlfors Bruk, and. Carl Schlenk occupying almost one third of total share. Sun Chemical, Metal Powder Chemical, BASF SE, Asahi Kasei Corporation, Mono Pigment Developments Limited, Alba Aluminiu, etc. are other important players in the Packaging Materials market.
Packaging Materials market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:
Packaging Materials Market by Material
Paper & cardboard
Chapter 1. Methodology and Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
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Super Absorbent Polymer Market Segmented by Product Type, Top Manufacturers, By End-User Industry, Geography Trends & Forecast 2022
The “Super Absorbent Polymer Market” Report offers an inclusive and decision-making overview, including definitions, classifications and its applications. The Super Absorbent Polymer market is anticipated to reflect a positive growth trend in forthcoming years. The essential driving forces behind the growth and popularity of Super Absorbent Polymer market is analyzed detailed in this report.
Superabsorbent polymers are primarily used as an absorbent for water and aqueous solutions for diapers, adult incontinence products, feminine hygiene products, and similar applications. Undoubtedly, in these applications, superabsorbent materials will replace traditional absorbent materials such as cloth, cotton, paper wadding, and cellulose fiber. The use of superabsorbent polymers revolutionized the diaper industry. Diaper manufacturers began to design diapers to take advantage of the amazing liquid retention ability of the polymer. Superabsorbent polymers absorb, and retain under a slight mechanical pressure, about 30 times their weight in urine. The swollen gel holds the liquid in a solid, rubbery state and prevents the liquid from leaking onto the baby’s skin and clothing.
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The report covers forecast and analysis for the superabsorbent polymer market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both volumes and revenue. The study includes drivers and restraints for the superabsorbent polymer market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the superabsorbent polymer market on a global level.
The report has been prepared based on the synthesis, analysis, and interpretation of information about the global superabsorbent polymer market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.
The study provides a decisive view on the superabsorbent polymer market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022.
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Super Absorbent Polymer Market Key Product Types Sodium Polyacrylate and Polyacrylamide Copolymer
Super Absorbent Polymer Market Key Applications as Baby Diapers, Feminine Hygiene, Adult Inconvenience, Agriculture and Other
Super Absorbent Polymer Market Key Regions as North America, Europe, Asia Pacific and China
Super Absorbent Polymer Market Key Vendors Including Evonik, BASF, Nippon Shokubai, SDP Global, Sumitomo Seika Chemicals, LG Chem, FPC, Danson Technology, Basf-YPC, Zhejiang Satellite and request free sample to get a complete list of companies.
Key Questions Answered in this Report
What will the market size be in 2022?
What are the key factors driving the global Super Absorbent Polymer market?
What are the challenges to market growth?
Who are the key players in the Super Absorbent Polymer market?
What are the market opportunities and threats faced by the key players?
Related Reports: –
United States Super Absorbent Polymer Market Report 2017
In this report, the United States Super Absorbent Polymer market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
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