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Packaging Robots Market will Manage to Achieve USD 8.39 Billion by 2030

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Packaging Robots Market will Manage to Achieve USD 8.39 Billion by 2030

The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East and Africa. These are the key regions where the packaging robots market is operating and is predicted to expand soon. The manufacturers and suppliers involved in the packaging robots market are present across various countries in the above-mentioned regions.

The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as type, application, end-user, and regions. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs.
The significant players operating in the global packaging robots market are Yaskawa Electric Corporation, Krones AG, ABB, Kuka AG, Mitsubishi Electric Corporation, Brenton, LLC, Schneider Electric SE, Remtec Automation, LLC, Syntegon Technology GmbH, Fanuc Corporation among others. To achieve a substantial market share in the worldwide packaging robots market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
Products are packaged to keep them safe. Various end-user industries are now-a-days shifting towards fully automated technologies such as packaging robots. The purpose of packaging robots is to pick objects up from various storage locations and place them on shelves following a pre-defined route. Robotic arms are normally programmed to move along predefined routes to pick up objects. Using Packaging Robots, labor-intensive tasks can be done faster, and more effectively. Their ease of use comes from their integrated controls and intuitive human-machine interfaces with advanced sensors and software. Packaging robots have the advantage of being flexible, consistent and accurate. The global packaging robots market is predicted to grow positively because of the need for automatic detection and sorting, a key factor identified in a research analysis. With the help of advanced sensors, vision technology, and laser detection, packaging robots determine the location of objects. There are some factors which are hampering the growth of the packaging robots market such as high installation cost and lack of skilled labour. A significant capital investment is required when installing an automated packaging system in new packaging lines or existing lines.  Due to the high capital investment required to install and maintain packaging robots, small and medium sized manufacturers are reluctant to install them.

Scope of Packaging Robots Market Report:

Report Metric Information
Study Period 2022-2030
Base Year              2022
Forecast Period 2023-2030
Market Share Unit USD Billion
Segments Covered Type, Application, End-User, and Regions.
Regions Covered North America, Europe, Asia-Pacific, South America, and Middle-East and Africa
Major Players Yaskawa Electric Corporation, Krones AG, ABB, Kuka AG, Mitsubishi Electric Corporation, Brenton, LLC, Schneider Electric SE, Remtec Automation, LLC, Syntegon Technology GmbH, Fanuc Corporation among others

Segmentation Analysis

Primary packaging is expected to be the fastest-growing segment in 2022. 

The type segment includes primary packaging and secondary packaging.  The primary packaging segment is expected to witness the highest growth rate during the forecast period. Food and beverage and pharmaceutical industries use primary packaging to manufacture and package sensitive and delicate products. Primary packaging maintains the shelf life of products. The implementation of robots in primary packaging of medicines and liquid syrups provides high precision to maintain quantity and quality.

Pick & place is expected to be the fastest-growing segment in 2022. 

The application segment includes filling, case packing, pick & place, tray packing and others. The pick & place segment is expected to witness the highest growth rate during the forecast period.  The CAGR for pick & place applications is predicted to be the fastest over the forecast period because of the rapid growth of e-commerce and the use of packaging robots as a substitute for manual picking. Packaging robots will also boost market share because of their advantages like reduced damage, and increased efficiency in pick & place operations.

Food & beverage is expected to be the fastest-growing segment in 2022. 

The end-user segment includes logistics, consumer products, food & beverage, pharmaceutical and others. The food & beverage segment is expected to witness the highest growth rate during the forecast period. By automating the packaging operations using packaging robots, assembly line operations are made more efficient, reliable, and high-quality, which drives the adoption of vision-enabled packaging robots. Packaging robots offer proper handling of the product by reducing the chances of spillage in case of liquid of semi-solid products.

Regional Analysis           

The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for the packaging robots market include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.

The Asia Pacific region witnessed a major share. There are several factors contributing to the dominant position of packaging robots in Asia Pacific at present, including the increasing use of packaging robots resulting from high levels of automation and intelligent modernization, and the adoption of vision sensor technology. Moreover, presence of major key players in the region, also contributing a large share in the market growth.

Country Analysis

  • Germany

Germany’s packaging robots market size was valued at USD 0.29 billion in 2022 and is expected to reach USD 0.59 billion by 2030, at a CAGR of 9.4% from 2023 to 2030.
Firms are expected to increase their demand for industrial packaging robots as they place a greater emphasis on precision in supply chains. Additionally, autonomous robots will be able to generate an upward growth trend in the country as automation levels grow across a range of end-use industries.

  • China

China’s packaging robots market size was valued at USD 0.41 billion in 2022 and is expected to reach USD 0.86 billion by 2030, at a CAGR of 9.8% from 2023 to 2030.
Packaging robot market growth is attributed to factors such as the need to reduce operational costs in the packaging industry, as well as advancements in manufacturing technology resulting from high consumer demand.

  • India

India’s packaging robots market size was valued at USD 0.32 billion in 2022 and is expected to reach USD 0.67 billion by 2030, at a CAGR of 9.7% from 2023 to 2030.
There are several factors driving the market growth, including an increased demand for high degree automation and modernization, rapid industrialization, technological advancements such as the usage of vision sensor technology.

Covid-19 Impact

Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.

Furthermore, the growth of this market is mainly driven owing to the increase due to the rising technological advancements.

eco-friendly damage ratings retail packaging ISTA

Returnable Packaging Market is Expected to Grow from USD 104 Billion in 2021 to USD 12.43 billion by 2029

Returnable Packaging Market Size by Material Type (Plastic, Metal, Wood), By Product Type (Pallets, Drums & Barrels, Dunnage, Crates, IBCs, and Others), By End-User (Automotive, Food & Beverages, Healthcare, and Others), Regions, Segmentation, and forecast till 2029.

The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and Middle East and Africa. These are the key regions where the returnable packaging market is operating currently and is predicted to expand in the near future. The manufacturers and suppliers involved in the returnable packaging market is present across various countries in the above-mentioned regions.

 Get Sample Copy of This Report @ https://greyviews.com/reports/returnable-packaging-market/164/request-sample

The report provides detailed understanding of the market segments which have been formed by combining different prospects such as material type, product type, end-user, and others. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs.

The significant players operating in the global Returnable Packaging market are Orbis Corporation, Nefab Group, UBEECO Packaging Solutions, Amatech Inc., CHEP, GWP Group, Plastic Packaging Solutions Midlands & East Ltd., Tri-Pack Plastics Ltd., Celina Industries, RPR Inc., Schoeller Allibert, DS Smith, SCHüTZ GmbH & Co. KGaA, and Mjsolpac Ltd, among others. To achieve a substantial market share in the worldwide Returnable Packaging market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.

According to the Returnable Packaging Association (RPA), “returnable packaging” is any type of packaging that may be used again, including reusable pallets, racks, bulk containers, hand-held containers, and dunnage. Manufacturers, processors, suppliers, and customers generally employ reusable packaging in a well-managed supply chain with relatively small shipping loops. Returnable packaging is built to survive the severe treatment of a convenient transportation system using strong materials like metal, plastic, or wood. A “returnable pack,” or a vehicle that will travel to the destination and return, marks the start of the procedure. A semi-truck on the highway, for instance, is a returnable pack. Everything, even the Space Shuttle, is returnable. The containers inside a returnable pack and the dunnage inside the container containing a part are the two smaller parts that make up returnable packaging. Reusable packaging is made of strong materials and is intended for numerous uses over an extended period of time. Reusable packaging or containers are made to be used repeatedly without losing their protective properties. The terms “returnable” and “returnable” are commonly used synonymously, however t,he term can also refer to returning items for purposes other than resale, such as recycling, disposal, incineration, etc.

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Scope of Returnable Packaging Market Report

Report Metric Information
Study Period 2021-2029
Base Year             2021
Forecast Period 2022-2029
Market Share Unit USD Billion
Segments Covered By Material Type, By Product Type, By End-User, region
Regions Covered North America, Europe, Asia-Pacific, South America and Middle-East and Africa
Major Players Orbis Corporation, Nefab Group, UBEECO Packaging Solutions, Amatech Inc., CHEP, GWP Group, Plastic Packaging Solutions Midlands & East Ltd., Tri-Pack Plastics Ltd., Celina Industries, RPR Inc., Schoeller Allibert, DS Smith, SCHüTZ GmbH & Co. KGaA, and Mjsolpac Ltd, among others

Segmentation Analysis

Metal segment is expected to be the fastest growing segment in 2021.

The material type segment is plastic, metal, and wood. Metal is expected to witness the highest growth rate during the forecast period. Due to metals’ great strength and superior sustainability compared to plastic, the metal material segment is predicted to increase at the fastest rate. However, it is anticipated that the heavier weight of metal-based products may partially impede category expansion. Pallets are primarily made from wood materials. When compared to plastic pallets, wooden pallets are less expensive and more widely available, which are the main reasons for their widespread use. The growth of the wood material sector is anticipated to be negatively impacted by the rising demand for plastic-based pallets due to their fewer maintenance requirements, ease of cleaning, high durability, and attractive appearance.

The automotive segment is expected to be the fastest-growing segment in 2021.

The end-user includes automotive, food & beverages, healthcare, and others. The automotive segment is expected to witness the highest CAGR during the forecast period. Returnable packing is largely used by automotive manufacturers to convey their finished and semi-finished auto parts, like body parts, from the suppliers to the assembly lines. Heavy and high-volume car components are transported frequently and over short distances, which increases the demand for strong, efficient, and long-lasting packaging materials including pallets, racks, and dunnage.

Regional Analysis                                                         

The regional analysis provides a detailed perception about the key regions and the countries. Some of the key countries analyzed for the Returnable Packaging include US, Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa and Saudi Arabia.

  • Asia Pacific region witnessed a major share. The main driver of the regional market is the existence of numerous manufacturing firms in nations like China, India, Indonesia, and Vietnam. Additionally, the market expansion is anticipated to be aided by the Asia Pacific region’s quick industrialization due to the region’s low manufacturing costs. Due to the existence of TPP member countries, the Asia Pacific region has served as the center for the manufacturing industry.

Country Analysis

  • Germany

Germany’s Returnable Packaging market size was valued at USD 10.64 billion in 2021 and is expected to reach USD 15.36 billion by 2029, at a CAGR of 4.7% from 2022 to 2029. The market is anticipated to increase as a result of rising demand from numerous end-use industries for sustainable and long-lasting packaging goods. Major German companies in the food and beverage, pharmaceutical, and automotive industries are implementing sustainable business practices more and more, which is anticipated to support the expansion of the returnable packaging industry.

  • China

China Returnable Packaging’s market size was valued at USD 14.7 billion in 2021 and is expected to reach USD 22.38 billion by 2029, at a CAGR of 5.4% from 2022 to 2029Families with greater discretionary means are dining out more frequently and trying new foods. Global brands have entered China’s expanding food and beverage sector, which is projected to have a favorable effect on the region’s returnable packaging. China’s food and beverage business is developing more quickly than ever. Since the past decade, changes in consumer behavior, technology advancements, and governmental regulations have completely changed China’s food and beverage business.

  • India

India’s Returnable Packaging market size was valued at USD 12.39 billion in 2021 and is expected to reach USD 18.3 billion by 2029, at a CAGR of 5% from 2022 to 2029. The growth of the nation’s food and beverage industry drives the market. The sixth-largest food and grocery market in the world is in India, and 70% of its sales come through retail. Between April and October 2018, agricultural and processed food exports totaled roughly USD 21.61 billion, according to the Agricultural and Processed Food Products Export Development Authority (APEDA).

Covid-19 Impact

Covid-19 had a major impact on almost all industries, such as chemical, food & beverage, semiconductors, manufacturing, automobile, etc. However, several companies operating in the chemical sector have seen increased revenue due to significant changes in consumer preferences toward such services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.

Furthermore, the growth of this market is mainly driven owing to the rising demand for returnable packagings from various end-users, including healthcare and automotive.

toothbrush market

Toothbrush Market was Valued USD 6.85 Billion in 2021 and will Reach USD 9.76 Billion by 2029, & it will Grow at CAGR of 4.8%

Toothbrush Market Size by Product (Manual Toothbrush, Electric Toothbrush), Bristles (Soft, Medium, Firm), Application (Adults, Children), Regions, Segmentation, and forecast till 2029.

The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and Middle East and Africa. These are the key regions where the Toothbrush market is operating currently and is predicted to expand in the near future. The manufacturers and suppliers involved in the Toothbrush market is present across various countries in the above-mentioned regions.

Get Sample Copy of This Report @ https://greyviews.com/reports/toothbrush-market/104/request-sample

The report provides detailed understanding of the market segments which have been formed by combining different prospects such as the product, bristles, application, and others. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs.

The significant players operating in the global Toothbrush market are Colgate-Palmolive Company, Church & Dwight Co. Inc., Unilever, Conair LLC, Den-Mat Holdings LLC, Dr. Fresh, Koninklijke Philips N.V., FOREO, Panasonic Holding Corporation, and Lion Corporation among others. To achieve a substantial market share in the worldwide Toothbrush market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures. Among these, Colgate-Palmolive Company is one of the most significant manufacturers and distributors present in the global Toothbrush market.

A typical toothbrush is an oral hygiene tool specifically used for cleaning the teeth, tongue, and gums. Regular use of toothbrush helps in removing plaque and food debris, decreases the various microorganisms stuck within the biofilm, and reduces gingival inflammation. Various types of toothbrush available in the global market include interdental brush, chewable toothbrush, electric brush, ecological toothbrush, and end-tuft brush.

An increased frequency of toothbrushing leads to the replacement of toothbrushes. This automatically influences demand for toothbrushes. Due to the growing focus on whitening and enhanced oral hygiene, the people are brushing their teeth 2 or three times a day. Hence, as a more consumer brushes their teeth, the more rapidly toothbrush will wear away. This results in replacement of old toothbrush with a new one.

In addition, the health consciousness among people enables them to replace their toothbrush after an illness. Therefore, increased frequency of brushing among people due to rising health consciousness boosts demand for tooth brushes.

Electric toothbrush segment is expected to be the fastest growing segment in 2021.

The product segment includes manual toothbrush and electric toothbrush. Electric toothbrush segment is expected to witness highest CAGR during the forecast period. Upsurge in awareness regarding benefits of electric toothbrush, ongoing oral hygiene initiatives, and increasing geriatric population around the globe is boosting growth of this segment. In addition, the electric toothbrush is preferred to be used by handicapped persons, young children, hospitalized patients, and patients wearing fixed orthodontic appliances. This factor is further contributing growth of this segment.

Soft segment is expected to be the fastest growing segment in 2021.

The bristles segment includes soft, medium, firm. Soft segment is expected to witness highest CAGR during the forecast period. Huge demand for soft bristled toothbrushes among children mainly drives growth of this segment. In addition, this type of brush offers a most significant benefit of gentle cleaning of gums and teeth, without application of extra pressure. Also, this type of brush reaches to the sections of mouth that are unreachable to normal toothbrushes.

Children segment is expected to be the fastest growing segment in 2021.

The application segment includes adults and children. Children segment is expected to witness highest growth rate during the forecast period. According to the WHO Global Oral Health Database, tooth decay is usually reported among 60% to 90% of children on a global scale. In addition, cavities occurs in children due to poor maintenance of oral hygiene and significant consumption of sugar candies. This creates demand for oral hygiene among the children, fueling growth of the toothbrush market.

Regional Analysis                                                         

The regional analysis provides a detailed perception about the key regions and the countries. Some of the key countries analyzed for the Toothbrush include US, Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, China, Japan India, Brazil, Peru, UAE, South Africa and Saudi Arabia.

Asia-Pacific region witnessed a major share. According to Worldometer estimates, Asia alone has 4.6 billion inhabitants, or around 56.7% of the global population. The Toothbrush market is anticipated to increase significantly in this area, which is home to the two most populous nations globally, China and India, due to the favorable demographic trends. However, North America is expected to witness considerable growth rate during the forecast period. The need for Toothbrush has increased as a result of easy availability of advanced oral care products and increasing consumption of tobacco and alcohol.

Country Analysis

Germany

Germany Toothbrush market size was valued at USD 0.69 billion in 2021 and is expected to reach USD 0.95 billion by 2029, at a CAGR of 4.4% from 2022 to 2029. In the Europe region, Germany is one of the leading shareholders in the Toothbrush market. In addition, the huge spending power of the population in this country has been a major contributor to the market growth.
Moreover, steady GDP per capita growth coupled with the low inflation in the country has led to the proliferation of oral hygiene industry in this country. Also, this country is seeing increased tobacco consumption. Such factors are contributing to the growth of the toothbrush market.

China                               

China Toothbrush market size was valued at USD 1.37 billion in 2021 and is expected to reach USD 1.87 billion by 2029, at a CAGR of 4.2% from 2022 to 2029. The factors such as aging & growing population, increasing consumer income, and increased awareness about oral health has driven growth of the China Toothbrush market. In addition, the Healthy China 2030 initiative is aimed at incorporation of health into all policies as well as engagement of the whole government in health. This initiative also includes special provisions related to the improvement of oral health.  Such initiatives are opportunistic for growth of the toothbrush market in this country.
Moreover, there are more than 300 million mobile internet users in the country who have children with age under 12 years. This has caused significant demand for e-commerce sales of Toothbrush in the country.                                                         

India                                               

India Toothbrush market size was valued at USD 0.34 billion in 2021 and is expected to reach USD 0.50 billion by 2029, at a CAGR of 5.1% from 2022 to 2029. India is one of the highest growing economies in Asia. Increasing population, rising middle class population, ongoing upsurge in awareness about oral health, and changing lifestyle in the country is driving growth of the Toothbrush market. Also, the global market players are introducing a range of toothbrush products in this country due to wide variety of consumers in this country.
Furthermore, in May 2019, Ministry of Health and Family Welfare, India envisioned the National Oral Health Program aimed at an accessible, affordable, and equitable oral health care delivery in the well-coordinated manner to bring optimal oral health among the people of India. Such government initiatives are opportunistic for growth of the India toothbrush market.

Covid-19 Impact                                                                             

Covid-19 had a major impact on almost all of the industries such as electronics, semiconductors, manufacturing, and, automobile, etc. However, several companies operating in consumer goods and lifestyle sectors has seen upsurge in their revenue due to significant changes in consumer preferences towards personal hygiene. In addition, the pandemic has led to significant growth in consumer spending on oral hygiene products across the developing as well as developed countries.

Hence, the pandemic has a moderate impact on the Toothbrush market, owing to the closure of many social arrangement facilities and offices. However, increased sales of Toothbrush on e-commerce platforms has fuelled growth of the market.

vegetables

Vegetable Glue Market is Expected to Grow from USD 52.2 Billion in 2021 to USD 72.5 Billion by 2029

Vegetable Glue Market Size By Type (Powdery and Liquid), By Function (Decoration adhesive, Thickeners, and Others), By End-use (Food industry, Paper & Packaging, Construction, Woodworking, Personal Care, Medical, and Others), Regions, Segmentation, and projection till 2029

The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and Middle East and Africa. These are the key regions where the Vegetable Glue market is operating currently and is predicted to expand in the near future. The manufacturers and suppliers involved in the Vegetable Glue market is present across various countries in the above-mentioned regions.

The report provides detailed understanding of the market segments which have been formed by combining different prospects such as the product, route of administration, facility of use, and others. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs.

The significant players operating in the global Vegetable Glue market are AHenkel AG & Company, KGaA, DuPont de Nemours Inc., Arkema, Ashland Global Holdings Inc., Beardow Adams Group, Paramelt BV, Jowat SE, Ingredion Incorporated, EcoSynthetix Inc., Tate & Lyle PLC, among others. To achieve a substantial market share in the worldwide Vegetable Glue market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.

Vegetable glue is a glue made from vegetable material, especially by treating starch from cassava root. The starch used for making vegetable glue must contain alkali material in it. It is widely used in plywood and veneer products. The starch from corn, wheat, tapioca, etc., is boiled and treated with alkali to produce a clear and viscous liquid which is called vegetable glue. Vegetable glue is a liquid that is stored at room temperature and does not need to be heated while used. As vegetable glue remains soluble in water, even after drying, vegetable glue can be used for wallpaper paste. Vegetable glue is also called starch adhesives. It is widely used for paper products, paper bags (like grocery bags), corrugated boxes, wallpaper paste, tube winding (like a paper-towel roll), labeling, laminating, and envelopes. The increasing demand for vegetable glue from the packaging industry is expected to drive the market’s growth. Furthermore, the market is driven by increasing governmental policies and legislation to reduce environmental pollution and consumer awareness of biodegradable products.

Scope of Vegetable Glue Market Report

Report Metric Information
Study Period 2021-2029
Base Year             2021
Forecast Period 2022-2029
Market Share Unit USD Billion
Segments Covered Type, function, end-user, region
Regions Covered North America, Europe, Asia-Pacific, South America and Middle-East and Africa
Major Players AHenkel AG & Company, KGaA, DuPont de Nemours Inc., Arkema, Ashland Global Holdings Inc., Beardow Adams Group, Paramelt BV, Jowat SE, Ingredion Incorporated, EcoSynthetix Inc., Tate & Lyle PLC, among others

Segmentation Analysis

Powdery segment is expected to be the fastest growing segment in 2021.

The type segment includes powdery and liquid. The powdery segment are expected to witness the highest growth rate during the forecast period. The demand for powdery vegetable glue has been growing owing to its ease of use and storage. Furthermore, the powdery vegetable glue can be used for various applications such as packaging, wood, and home use, propelling the segment’s growth.

The decoration adhesives segment is expected to be the fastest-growing segment in 2021.

The application segment includes decoration adhesives, thickeners, and others The decoration adhesives segment is expected to witness the highest growth rate during the forecast period. Vegetable glue is widely used as decorative adhesive as there is rapid growth in the event management and organization sector. People nowadays prefer heavy decorations for every family function, whether marriages, anniversaries, birthday parties, etc. Vegetable glue can be easily used as decoration adhesive, which propels the segment’s growth.

The Paper & Packaging segment is expected to be the fastest-growing segment in 2021.

The end-user segment includes the food industry, paper & packaging, construction, woodworking, personal care, medical, and others. The paper & packaging segment is expected to witness the highest growth rate during the forecast period. Some of the paper & packaging application includes foil laminates, bags, disposables, labels, cartons, envelopes, and remoistenable products. Vegetable glue based on protein, dextrin, starch, and other green adhesives is widely used for bonding various consumer products, including certain packaging materials for food cartons or packets, envelopes & paper bags, and others propel the segment’s growth.

Regional Analysis                                                         

The regional analysis provides a detailed perception about the key regions and the countries. Some of the key countries analyzed for the Vegetable Glue include US, Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa and Saudi Arabia.

  • Asia Pacific region witnessed a major share. This is mainly attributed to regional construction companies’ increased adoption of vegetable glue for domestic and industrial use. Furthermore, the rising income levels and easy access to resources for making vegetable glue propel the market’s growth. The automotive & transportation industry is one of the major consumers of vegetable glue in the North American region. Europe is expected to witness a considerable growth rate during the projection period. The growth of vegetable glue in the region can be attributed to the growing demand for vegetable glue from the packaging industry.

Country Analysis

  • Germany

Germany’s Global Vegetable Glue market size was valued at USD 5.6 billion in 2021 and is expected to reach USD 7.5 billion by 2029, at a CAGR of 3.8% from 2022 to 2029.
Germany is one of Europe’s leading shareholders in the Global Vegetable Glue market. The vegetable glue market in Germany has been increasing owing to the tremendous growth in the packaging industry. The number of small-size and premium packaging from the UK’s F&B and personal care sectors increased, which propelled the market’s growth. E-retail businesses are also major end-users of packaging materials. In addition, Europe is looking to make the switch from plastic packaging to paper bags. All these factors are anticipated to raise the demand for vegetable glue in the country.

  • China

China’s Global Vegetable Glue market size was valued at USD 5.1 billion in 2021 and is expected to reach USD 7.8 billion by 2029, at a CAGR of 5.5% from 2022 to 2029. The growing market demand for vegetable glue from the packaging industry, owing to the increasing use of online shopping, propels the market’s growth in the country. Furthermore, vegetable glue is also widely used in the wood and construction industry adding impetus to the market’s growth over the forecast period.

  • India

India’s Global Vegetable Glue market size was valued at USD 5.8 billion in 2021 and is expected to reach USD 9.4 billion by 2029, at a CAGR of 6.3% from 2022 to 2029. India is one of the highest growing economies in the Asia Pacific region, which propel the market’s growth. Furthermore, the region has some prominent vegetable glue manufacturers, which impetus to the market’s growth. There is a rapid increase in online shopping, which increases the need for packaging goods and products for various brands, which increases the need for vegetable glue in the country.
Covid-19 Impact

Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.

Furthermore, the increasing demand for vegetable glue in the packaging industry and woodworking industries is expected to drive the market’s growth.

fillers Asia Pacific Foam Blowing Agents Market to Hit Sales of $672.68 Million by 2030 PBAT nanocellulose

PBAT (Polybutylene Adipate Terephthalate) Market is Expected to Grow from USD 1.9 Billion in 2021 to USD 3.8 Billion by 2029

PBAT (Polybutylene Adipate Terephthalate) Market Size By Product Type (Pure PBAT and Modified/Blended PBAT), Application (Shopping Bags, Food Packages, Mulch Films, Garbage/Bin Bags, and Others), End-User (Packaging & Bags, Consumer Durables, Agriculture & Horticulture, Textiles, and Others), Regions, Segmentation, and forecast till 2029.

The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East, and Africa. These are the key regions where the PBAT (Polybutylene Adipate Terephthalate) market is operating currently and is predicted to expand in the near future. The manufacturers and suppliers involved in the PBAT (Polybutylene Adipate Terephthalate) market are present across various countries in the above-mentioned regions.

The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as the product type, application, end-user, and others. Apart from this, the key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the below paragraphs.

The significant players operating in the global PBAT (Polybutylene Adipate Terephthalate) market are Indorama Ventures Public Company Limited, Alpek S.A.B. de C.V., Jiangsu Sanfangxiang Group Co., Ltd., Far Eastern New Century Corporation, DAK Americas, BASF SE, Zhejiang Biodegradable Advanced Material Co. Ltd, Lubrilog, ECCO Gleittechnik GmbH, HUSK-ITT Corporation, among others. To achieve a substantial market share in the worldwide PBAT (Polybutylene Adipate Terephthalate) market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures. Among these, Galderma is one of the most significant manufacturers and distributors present in the global PBAT (Polybutylene Adipate Terephthalate) market.

Polybutylene adipate terephthalate (PBAT) is a common and widely known copolymer of adipate acid and is a class of biodegradable plastic. It is an elastomeric polymer known for improving mechanical properties. PBAT or Polybutylene Adipate Terephthalate is ductile and tough and can be processed by conventional film extrusion techniques. PBAT is widely used to yield films with mechanical properties similar to LDPE (low-density polyethylene). However, PBAT is relatively stiff when compared to its homopolymers. As such, PBAT incorporation can help improve the toughness of polymer blends that contain brittle polymers, such as thermoplastic starch (TPS) or PLA (Polylactic Acid), without interfering with their biodegradability.

The growing public awareness about the benefits of using environmentally friendly polymers drives the growth of the Polybutylene Adipate Terephthalate Market. Furthermore, the manufacturers of Polybutylene Adipate Terephthalate are largely focusing on important industries such as agriculture for mulch films, packaging, and consumer goods, which adds impetus to the market’s growth.

Scope of PBAT (Polybutylene Adipate Terephthalate) Market Report

Report Metric Information
Study Period 2021-2029
Base Year             2021
Forecast Period 2022-2029
Market Share Unit USD Billion
Segments Covered Product type, Application, and end-user
Regions Covered North America, Europe, Asia-Pacific, South America and Middle-East and Africa
Major Players Indorama Ventures Public Company Limited, Alpek S.A.B. de C.V., Jiangsu Sanfangxiang Group Co., Ltd., Far Eastern New Century Corporation, DAK Americas, BASF SE, Zhejiang Biodegradable Advanced Material Co. Ltd, Lubrilog, ECCO Gleittechnik GmbH, HUSK-ITT Corporation, among others

Segmentation Analysis

Modified/blended PBAT segment is expected to be the fastest growing segment in 2021.

The Product Type segment includes pure PBAT and modified/blended PBAT. The modified/blended PBAT segment is expected to witness the highest growth rate during the forecast period. This is attributed to the multiple advantages of the modified/blended PBAT, as it can be easily bent and given any kind of shape. In addition, such types of PBAT (Polybutylene Adipate Terephthalate) are also useful for manufacturing products in the consumer goods industry, fuelling the segment’s growth.

The Shopping bag segment is expected to be the fastest-growing segment in 2021.

The Application segment includes shopping bags, food packages, mulch films, garbage/bin bags, and others. The shopping bag segment is expected to witness the highest CAGR during the forecast period. The growth of this segment is mainly driven by the increasing demand for environmentally friendly shopping can bags, which can be reused and decompose easily within a short period. Furthermore, the rapid use of shopping bags for carrying all kinds of consumer goods supplements the market’s growth.

The packaging & bags segment is expected to be the fastest-growing segment in 2021.

The End-User segment includes packaging & bags, consumer durables, food & beverages, agriculture & horticulture, textiles, and others. The packaging & bags segment is expected to witness the highest CAGR during the forecast period. The increasing demand for packaging & bags owing to the fact that the packaging & bags made from PBAT (Polybutylene Adipate Terephthalate) can easily decompose within 3 to 6 months. Furthermore, they also help lower the carbon footprint, adding impetus to the segment’s growth.

Regional Analysis                                                         

The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for PBAT (Polybutylene Adipate Terephthalate) include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.

Asia Pacific region witnessed a major share. The demand for PBAT (Polybutylene Adipate Terephthalate) has been growing owing to the rising awareness about the use of biodegradable plastics coupled with increasing government policies to promote the use of bioplastics is anticipated to drive the polybutylene adipate terephthalate market in the Asia Pacific region during the forecast period.

Country Analysis

  • Germany

Germany’s PBAT (Polybutylene Adipate Terephthalate) market size was valued at USD 0.17 Billion in 2021 and is expected to reach USD 0.29 Billion by 2029, at a CAGR of 7.3% from 2022 to 2029. Germany is one of the leading countries in the PBAT (Polybutylene Adipate Terephthalate) owing to the increasing demand for consumer products with a reduced environmental impact in the region. For instance, companies German multinational chemical company such as BASF SE has planned on creating soil-biodegradable mulch films for agriculture to achieve sustainability. Competitor companies in Germany operating in the PBAT (polybutylene adipate terephthalate) market are taking note of such innovations to gain a strong research base in PBAT soil-biodegradable mulch films where soil microbes can use the film as food.

  • China

China PBAT (Polybutylene Adipate Terephthalate)’s market size was valued at USD 0.24 Billion in 2021 and is expected to reach USD 0.52 Billion by 2029, at a CAGR of 10.3% from 2022 to 2029. China is one of the leading producers of PBAT (Polybutylene Adipate Terephthalate) owing to the presence of prominent market players in the region. In addition, the increasing demand for biodegradable mulch films in the region is driven by the amount of residual film in farmland soil in China. Such trends and demands are helping manufacturers translate the opportunity into revenue in the PBAT (polybutylene adipate terephthalate) market. However, there is an increasing need for the improvement of the mechanical strength in biodegradable mulch films to prevent rupture during various applications. So, in order to achieve this, manufacturers are planning to invest in R&D to improve the mechanical strength of biodegradable mulch films in China.

  • India

India PBAT (Polybutylene Adipate Terephthalate)’s market size was valued at USD 0.14 Billion in 2021 and is expected to reach USD 0.26 Billion by 2029, at a CAGR of 8.2% from 2022 to 2029.
India is one of the growing markets for PBAT (Polybutylene Adipate Terephthalate) as there is an increase in the usage of mulch films in soil and a rise in government initiatives to encourage foreign investments in the agriculture industry and for the use of environmentally friendly packaging materials. Farming is a widely adopted profession in the modern economy and it holds a strong position in the Indian economy, propelling the growth of the PBAT (Polybutylene Adipate Terephthalate) during the forecast period.

Covid-19 Impact                                                                             

Covid-19 had a major impact on almost all the industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the food sector have seen increased revenue due to significant changes in consumer preferences toward healthcare services. In addition, the pandemic has led to significant healthcare spending growth across developing and developed countries.

The growing public awareness about the benefits of using environmentally friendly polymers drives the growth of the Polybutylene Adipate Terephthalate Market. Furthermore, the manufacturers of Polybutylene Adipate Terephthalate are largely focusing on important industries such as agriculture for mulch films, packaging, and consumer goods, which adds impetus to the market’s growth.