The Layer Pads Market is expected to register growth at a CAGR of 6.2% during the forecast period of 2020 and 2027. The market stands to benefit as the global consciousness shifts towards usage of recyclable materials. VRR provides a comprehensive understanding of the drivers and restraints present in the market to help the readers analyze the path it is likely to take.
According to the report, uptake of sustainable materials and reduction in the usage of plastic have played a key market in fueling the growth of this market. Exceptional awareness about use of eco-friendly materials for packaging as waterbodies and aqua life continues to choke with plastic and other non-biodegradable materials has benefited the market.
These intensifying sentiments are expected to spur the growth of layer pads across various end-use industries such as consumer goods, pharmaceuticals, cosmetics, and food and beverages amongst others.
VRR predicts that the food and beverage industry will lead the global layer pads market. The increasing sales of alcoholic and non-alcoholic beverages will lead a mammoth demand for layers pads as these are often packed in glass bottles.
The market is also likely to be driven the cosmetics and personal care industry, which constantly required safe packaging solutions to ship products over long distances. Growing trend of packaging cosmetic products in glass containers is expected to create a steady demand for layer pads in the coming years.
The demand for layer pads glass is expected to surge in the coming years as packaging solutions undergo a major overhaul. The unprecedented rise of e-commerce and incessant shipping of goods across nationally and internationally has created a huge demand for safe packaging solutions. For the same purpose, a multitude of sellers on e-commerce platforms are projected to make abundant use of layer pads to ensure the product reaches safely to the eventual buyer.
Thus, the increasing penetration of smartphones, access to internet, and growing demand for shopping from the convenience of homes will boost e-commerce, directly creating a positive impact on the global layer pads market.
Recyclability of Layer Pads to Remain its Driving Force
The demand for layer pads has been skyrocketing in recent years as the demand for recyclable materials remains high. The growing awareness about excessive use of plastic and thermoform for packaging has led to a significant damage to the environment. Layer pads on the other hand are completely recyclable, which makes them an ideal choice for shipping goods in the safest way possible.
In addition to this advantage, the demand for layer pads has risen in past years as it is exceptionally light weight and thus easy to handle. This means the transportation cost is significantly reduced and more can be transported at one time.
The demand for layer pads is projected to see a significant upward trend in the coming years as the end users seek simplified solution to large volume of trade.
Beauty Trends and Access to International Cosmetics Draws Demand for Layer Pads for Safe Packaging
Beauty trends have definitely been the biggest contributors to the growing demand for packaging solutions in recent years. Rise of media and access to it has gravely influenced a young generation to take good care of skin, hair, and overall grooming.
In the coming years, analysts predict that focus on self-care will lead to a mammoth demand for beauty products. The fact that these products are packed in glass, which lead to a growing need for better packaging solutions, thus shifting focus towards layer pads.
A wide range of cosmetic companies are expected to make optimum use of layer pads as they are a more sustainable packaging solution when compared to plastic bubble wrap. Increasing consumer consciousness and growing pressure on manufacturers to reduce packaging wastage are expected to see a higher uptake of layer pads in packaging of cosmetics and personal care products in the coming ten years.
Sale of Consumer Electronics with BYOD Trends Ups Sale of Layer Pads
COVID-19 pushed the corporate world to operate remotely in order to ensure business continuity. This create a huge surge in demand for laptops, tablets, and other consumer electronics to ensure work from home models were not compromised.
The lockdown has brought out a new need for entertainment, which has also led to exponential sales of smartphones and gaming consoles. The insatiable demand for TVs for the purpose of entertainment has also created a demand for safe dispatches of products.
All of the above scenarios that have defined the lockdowns created a massive demand for layer pads as they use solid board grade to ensure utmost safe packing of goods during transit. Furthermore, layer pads ensure uniform distribution of weight during transit, which prevents breakage and loss.
As BYOD and work from home trend continues to strengthen through the months, analysts anticipate that the demand for layer pads will remain in the high consumer electronics sector in the Q2 and Q3 of 2020.
Food and Beverages Industry to Create Excellent Opportunity for Layer Pads Market
The growth of allied industries is expected to have a direct impact on the sale of layer pads. For instance, the rise of food and beverage industry in the coming ten years is projected to create a lucrative demand for layer pads. The demand for customised layer pads packaging solutions to meet diverse packaging needs will emerge as an essential one.
Demand for beverages packaging will lead the market as the retail and restaurant business has been flourishing at a relentless rate. The beverage segment is projected to hold a lion’s share of 80% in the global layer pads market during the forecast period.
Analysts suggest that despite the COVID-19 lockdowns, the demand for layer pads is projected to surge as the demand for alcoholic and non-alcoholic beverages continues to surge at an exponential rate. The fragility to glass bottles used to store drinks is expected to create an unprecedented spike in the demand for layer pads during the forecast period.
North America and Western Europe dominate the global layer pads market as the awareness about not using plastic is relatively high in the regions. The stringent waste disposable norms in Western Europe have significantly promoted the use of layer pads in recent years.
The same can be said about North America where consumers are consciously focusing on making sustainable living choices. However, the report predicts that Asia Pacific layer pads market will flourish too as the region boasts a massive consumer goods and electronics industry, which is always in need of better packaging solutions.
Some of the key players operating in the global layer pads market are Smurfit Kappa Group, DS Smith Plc, Dufaylite Developments Ltd, Melmat, Inc, Spartan Paperboard Co., M & M Box Partitions Co., American Container Concepts Corp., Parkside Packaging Limited, KARTON S.p.A, DA Pak, and Weedon Group Ltd. etc.
On the basis of raw materials:
On the basis of number of walls:
Depending on rigidity requirement.
On the basis of size and thickness:
On the basis of shape:
On the basis of end-use:
The global layer pads market has been divided into seven regions –
The Layer pads market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Layer pads market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Layer pads market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Layer pads market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Layer pads market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Layer pads capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Layer pads by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Layer pads market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Layer pads market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Layer pads market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Layer pads industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Layer pads 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 Layer pads market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Layer pads market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Layer pads market. These factors have benefited the growth of the global market for Layer pads. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Layer pads. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Layer pads are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
PCR Plastic Packaging Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2030Read more...
IV Bags Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2030Read more...
Barrier Shrink Films Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028Read more...
Postal Packaging Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028Read more...
PVDC Shrink Bags Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028Read more...