The beverage packaging is primarily driven by the increase in the consumption of beverages. Additionally, advancement in packaging technology also fuel the growth of this market. However, stringent government regulations may hamper the growth of Beverage Packaging Market. Beverage packaging market is expected to grow at CAGR of approximately 4% by 2022.
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Food storage containers are mainly used for preservation, storage, and transport purposes to increase the shelf-life of a product. Food containers should be sturdy enough to ensure that the food contained in the package is not damaged or spoiled. Growing consumer awareness about the environmental and sustainability issues regarding food packaging is expected to influence the food container market. Food containers maintain the quality of food products, enabling them to travel safely over long distances from the manufacturing point.
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Rapidly changing lifestyles and increased purchasing power of consumers are key factors propelling the growth of the market, leading to the changing preferences. Additionally, innovative packaging formats, mainly driven by millennials, are providing impetus to the market growth. Furthermore, the increased demand for locally produced alcohols that has gone up due to the change in preferences defines the growth of the market.
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The global bulk packaging market for cosmetics industry are majorly driven by the change in the taste and preferences of the consumer for use of cosmetic products. Due to the rising affluence and the growing consciousness about grooming and appearance, among individuals, the potential of the cosmetics market is growing. This is driving the demand for use of bulk packaging for storage and transportation of cosmetics. The market is also driven by the growth in the end-use segments of the cosmetic industry such as skin care, hair care and baby care among others.
Global Bulk Packaging Market for the cosmetic industry is expected to grow at a CAGR of 5.14% during the forecast period.
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The Global Blister Packaging Market has experienced a noticeable growth over the past year and it has been analyzed that during the forecast period the global market will keep on growing on a higher rate due to the huge demand of blister pack in its several applications. The application such as pharmaceuticals, food & beverages, consumer goods has anticipated huge demand for blister pack. As per the analysis, pharmaceuticals would be the leading market for blister packaging. The other major driving factor which has pushed the demand could be considered as rising population, emerging economies, growing pharmaceuticals as well as food industries. These all factors makes the global market very attractive. The strict regulation could be the major threat for global market which can hamper the trade as well as import and export process.
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Globally there is a surge in the food & beverages market, especially for sweet items along with the growth of organized retails which has augmented the market for confectionery packaging. With the rapid urbanization and change in the consumer preference for food along with the increased sale of sweet items in the retail stores have stimulated the market for confectionery packaging. This is backed by the international chains of bakery and confectionery outlets and investment by packaging companies in developing more consumer-friendly packaging, which has led to the growth of the global confectionery packaging market.
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Packaging is an important part of the overall marketing strategy of consumer goods. Packaging helps to establish brand identity in competitive markets and serves as an effective form of promotion both at the point of sale and while the product is being used. Packaging is particularly important for consumer products such as cigarettes, which have a high degree of social visibility. Unlike many other consumer products, cigarette packages are displayed each time the product is used and are often left in public view between uses. The tobacco packaging market is witnessing considerable growth due to the rise in per capita income and stressful lifestyles. Equality laws for women have developed a new market for female smokers, which is another key factor fuelling the growth. Tobacco packaging has come across new opportunities due to the growth in population and the technological advancements.
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The hydropower turbine market is growing on the back of increasing energy requirement, increasing emphasis on renewable energy sources, low cost and high efficiency of hydropower conversion.
Moreover, hydropower turbines are finding new use in diverse areas such as building automation, marine sector and in aeronautics which is further boosting this market.
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The transfer switch is an electric switch that switches a load among two power sources, including generator and utility power. The switch provides an easy method of transferring power supply from the grid to the generator. There are two types of transfer switch, namely, automatic transfer switch and manual transfer switch.
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