Global Plastics Gap Packaging Filler Market, By Type (Inorganics, Organics), Physical Form (Continuous, Discontinuous, Nano Fillers), End-Users (FMCG, Food and Beverages, Pharmaceuticals and Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Packaging in general is normally demonized and overlooked. The lack of instructive programs and efficient waste treatment lead packaging to be treated as an ecological problem. Additionally, the packaging business plays a vital role in the global economy, following a constant trend of growth. The use of fillers in several packaging types can be a valuable resource for reducing its cost and improving its mechanical strength, improving its visual properties to create new possibilities of use, customer attractiveness, and extending the shelf life of unpreserved foods. However, the use of fillers in packaging should be made in a way which permits proper recovery and recycling after use.
Data Bridge Market Research analyses that the plastics gap packaging filler market was valued at USD 1146.20 million in 2021 and is expected to reach USD 1592.95 million by 2029, registering a CAGR of 4.20 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Inorganics, Organics), Physical Form (Continuous, Discontinuous, Nano Fillers), End-Users (FMCG, food and beverages, pharmaceuticals and others)
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
|
|
Market Players Covered
|
Imerys (Paris), Omya AG (Switzerland), J.M. Huber Corporation(US), Plastika Kritis.S.A (Greece), Teknor Apex (US), Ferro Corporation(US), Colortek (India), PPM (Germany), Hitech Colour Polyplast (India), LyondellBasell Industries Holdings B.V. (Netherland), Dolphin Poly Plast Pvt, Ltd (India), Clariant (Switzerland), Ampacet Corporation(US), Mineral Technologies Inc. (U.S.), Minerals AB Box (Sweden), and Hoffman minerals (Germany), Granic (Germany), Nyco Minerals (S&B) (Luxembourg), Kärntner Montanindustrie (Austria), Quarzwerke GMBH (Germany), Nanobiomatters (Spain), Unimin (U.S.), Evonik Industries (Germany)
|
|
Market Opportunities
|
|
Market Definition
Plastic gap package fillers are plastic products that have been placed within a shipping box to offer protection against drops by filling empty space inside the box. A good plastic gap packaging filler guards against the rigours of transportation, such as being thrown by a courier or bounced around in the back of a delivery vehicle. The role of a plastic gap packing filler is to physically cover that space and reduce the possibility of movement during transportation. A widespread misperception is that plastic gap package fillers are only needed to protect fragile objects. The truth is that if you care about your product's visual presentation to your customer, you should use some sort of gap filler.
Plastics Gap Packaging Filler Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased demand in the medical industry
The demand for plastic gap packaging filler has increased in the medical industry in the last few years. Recently, with the outbreak of COVID-19, the private sector, the governments, and people throughout the globe have been affected enormously due to the pandemic. Hence, the healthcare and medical devices sector has become the centrepiece for the recovery of the patients. Medical devices like syringe pumps, ventilators, oxygen concentrators or generators, pulse oximeter, and many other devices are being used in huge numbers due to the increased number of positive cases. This has augmented the use of plastic gap packaging filler market.
- Rise in demand due to cost-effective
Plastic gap packaging filler does not require so many resources or energy, and the price is quite less than other options. Because of quite cost-effective in comparison to other popular forms of packaging e materials. Consumer choices are further undergoing a steady shift in purchasing plastic-packed foods compared to traditional ways of buying and cooking.
- Stringent rules and regulations associated with the use of plastic bags
The demand for plastics gap packaging filler has augmented across several industries, such as automobiles, pharmaceuticals, malls, hotels, and retail shops. Furthermore, growing urbanization and increasing level of disposable income will expected to drive market value. Customers' continuously changing lifestyles and the growth of the retail sector drive the industry. Growing awareness of eco-friendly and biodegradable packaging materials, as well as rising demand for packaged food products, are expected to boost market growth.
Opportunities
- Rise in the number of regulatory initiatives
The industry is focus on vigorous changes such as the new entrants in the form of regulatory initiatives. This is evolving as an excellent opportunity for many manufacturers to create different and new options for packaging which will act as market drivers and further increase advantageous opportunities for the market.
- Rise the demand of biodegradable plastic gap packaging filler
There is increasing the concern regarding the use of bio-degradable plastic for packaging. This does not hurt the environment which is also driving different producers and manufacturers to choose for sustainable packaging options and solution. These options are more secure and also safe in nature,
Restraints/ Challenges
However, strict environmental regulations associated to the non-biodegradability of plastics create a challenge to the market which affect the adoption rate of plastics. The negative impact of COVID-19 outbreak disrupted the supply chain which will also act as market limitation and further challenge the market growth rate. These are factors which restrains the market and will obstruct the market's growth rate.
This plastics gap packaging filler market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the plastics gap packaging filler market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Plastics Gap Packaging Filler Market
In 2019, a coronavirus pandemic occurred due to global pandemic of COVID-19. Companies that used to play a big role and have shifted their operations away from the source. The supply chain production unit both have been rigorously impacted, with a substantial drop in output. COVID resulted in a reduce the demand services but augmented demand for online commerce. A ultimate shift in business standards, some government rules and regulations, consumer taste and e-commerce legislation, has resulted in a reduction in the usage of eco-friendly solutions.
Global Plastics Gap Packaging Filler Market Scope
The plastics gap packaging filler market is segmented on the basis of type, physical form and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Inorganics
- Organics
Physical Form
- Continuous
- Discontinuous
- Nano Fillers
End-Users
- FMCG
- Food and Beverages
- Pharmaceuticals
- Others
Plastics Gap Packaging Filler Market Regional Analysis/Insights
The plastics gap packaging filler market is analysed and market size insights and trends are provided by country, type, physical form and end-user as referenced above.
The countries covered in the plastics gap packaging filler market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the plastics gap packaging filler market in terms of revenue and market share during the forecast period. This is due to the rising demand for plastics gap packaging filler in this region. The Asia-Pacific region leads the plastics gap packaging filler market, with China leading the way in terms of increasing population which has accelerated the demand for residential houses in this region.
During the projected period, North America is anticipated to be the fastest developing region due to the increasing demand in construction and manufacturing industry in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plastics Gap Packaging Filler Market Share Analysis
The plastics gap packaging filler market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to plastics gap packaging filler market.
Some of the major players operating in the plastics gap packaging filler market are:
- Imerys (Paris)
- Omya AG (Switzerland)
- J.M. Huber Corporation (U.S.)
- Plastika Kritis.S.A (Greece)
- Teknor Apex (U.S.)
- Ferro Corporation (U.S.)
- Colortek (India)
- PPM (Germany)
- Hitech Colour Polyplast (India)
- LyondellBasell Industries Holdings B.V. (Netherlands)
- Dolphin Poly Plast Pvt, Ltd (India)
- Clariant (Switzerland)
- Ampacet Corporation (U.S.)
- Mineral Technologies Inc. (U.S.)
- Minerals AB Box (Sweden)
- Hoffman minerals (Germany)
- Granic (Germany)
- Nyco Minerals (S&B) (Luxembourg)
- Kärntner Montanindustrie (Austria)
- Quarzwerke GMBH (Germany)
- Nanobiomatters (Spain)
- Unimin (U.S.)
- Evonik Industries (Germany)
SKU-