Tag: Secondary

Processed Mango Products Market Size Worth $25.55 Billion By 2025

The global processed mango products market size is expected to reach USD 25.55 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 6.4% during the forecast period. Increasing demand for fruit-based food and beverages is anticipated to the primary growth driver.

Secondary processed mango products occupied the largest market share in 2018 owing to increasing demand for the juices. Mango is one of the most consumed and cultivated fruits in India. To leverage the consumer preference for mango flavor and increase product offering, Coco-Cola launched a new mango-flavored premium juice – Maaza Gold in December 2017. Similar product launches in different regions are expected to drive the demand.

Primary processed product segment, on the other hand, is anticipated to witness significant growth owing to increasing export and consumption of mango pulp. The pulp and concentrates are used to make carbonated beverages, juices, confectioneries, jams, and marmalades among others. Increasing application of the pulp in various food and beverages is expected to further propel the segment growth.

Online distribution channel segment is anticipated to register the fastest CAGR over the forecast period, due to growth of e-commerce and digital marketing. Introduction of online grocery websites like Walmart, Costco, and BigBasket among others is expected to drive the overall food and beverage market via online distribution. This is expected to positively influence online sales of processed mango products over the forecast period. Key manufacturers are launching their own websites and are investing in efficient logistics and customer services to increase online sales and to improve their market reach.

Asia Pacific held the largest market share in 2018 due to the presence of the major players as well as concentration of global production of the fruit in countries like India and China. Moreover, the regional production is expected to increase due to rising demand from the countries like Japan. North America, on the other hand, is expected to register the fastest CAGR during the forecast period, attributed to high demand for mango flavored food and beverages coupled with rise in demand for organic mangoes. U.S. is one of the major importers of mangoes and mango-based products.

In March 2019, Amul entered the fruit juice market by launching ‘Amul Tru’ in mango, orange, apple, and lychee variants. This packaged fruit drink is Amul’s strategy to compete with Frooti, Mazaa and other drinks in the global market. In April 2018, Bisleri launched Bisleri Fonzo, a mango-based carbonated beverage to increase its product offering and serve the consumers who prefer mango-based beverages.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/processed-mango-products-market

Further key findings from the study suggest:

  • Primary processed product segment is expected to ascend at a CAGR of 6.9%, attributed to the rise in demand for the pulp in confectioneries, smoothies, and beverages
  • Offline distribution channel accounted for the maximum processed mango products market share in 2018 and is anticipated to continue leading over the forecast period
  • In Middle East and Africa, countries like UAE and Saudi Arabia are expected to witness a rise in demand due to increased exports from India, Pakistan, and Kenya.
  • Mexico has opened its market to import of dried mango slices from India after conducting a thorough pest risk analysis of the product consignments. This factor is anticipated to bode well for the overall growth in near future

Tobacco Packaging Market Worth $21.7 Billion By 2025

The global tobacco packaging market size is anticipated to reach USD 21.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.3% over the forecast period. Growing consumption of tobacco and cigarettes among the young consumers is one of the major factors for the growth of the market. Another factor driving the market is increasing number of female smokers. Increase in stress and workload is also one of the factors boosting the market growth.

Increase in penetration of the tobacco products in China is expected to provide growth opportunities for the global market over the forecast period. Introduction of tobacco that is smokeless for chewing and increasing penetration of low cost tobacco products and e-cigarettes in the country are the key drivers. Moreover, increasing popularity of flavored tobacco products among the millennial population is fueling the growth of the market worldwide.

Secondary packaging held the largest market share in 2018. Increasing penetration of e-cigarettes and cigar in the social gatherings has driven the segment. Moreover, growing popularity of premium tobacco products among the young consumers is expected to have a positive influence on the market growth over the forecast period. Increasing number of cigar lounges in developed countries is fueling the demand for premium cigar products. This, in turn, is expected to increase the segment demand over the forecast period.

Paper boxes are increasingly used in tobacco packaging owing to rising penetration of environmental friendly packaging in the industry. It is a cost-effective alternative to plastic, and hence is gaining popularity in many areas. Lightweight and easy to carry factors are also boosting the segment growth.

Manufacturers are focusing on eco-friendly packaging. For instance, one of the prominent vendors, Amcor has increased its spending on developing bioderagable packaging and is expected to launch them by the end of 2025. Manufacturers are focusing on strategies such as mergers and acquisitions to increase their products offerings. In September 2017, Japan Tobacco Group acquired Mighty Corporation to expand its product portfolio and geographic reach.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/tobacco-packaging-market

Further key findings from the study suggest:

  • By product, secondary packaging led the market and accounted for 60.3% share in 2018. The primary segment is expected to expand at the fastest CAGR of 3.7% over the forecast period
  • By material, paper boxes dominated the global market with an overall revenue share of 67.8% in 2018
  • Asia Pacific dominated the global tobacco packaging market in 2018 and accounted for 31.5% share of the total revenue. This trend is projected to continue over the next few years
  • The industry is highly competitive with the main players including Amcor Ltd.; British American Tobacco; Philip Morris International Inc.; and ITC
  • Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

Tobacco Packaging Market Worth $21.7 Billion By 2025

The global tobacco packaging market size is anticipated to reach USD 21.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.3% over the forecast period. Growing consumption of tobacco and cigarettes among the young consumers is one of the major factors for the growth of the market. Another factor driving the market is increasing number of female smokers. Increase in stress and workload is also one of the factors boosting the market growth.

Increase in penetration of the tobacco products in China is expected to provide growth opportunities for the global market over the forecast period. Introduction of tobacco that is smokeless for chewing and increasing penetration of low cost tobacco products and e-cigarettes in the country are the key drivers. Moreover, increasing popularity of flavored tobacco products among the millennial population is fueling the growth of the market worldwide.

Secondary packaging held the largest market share in 2018. Increasing penetration of e-cigarettes and cigar in the social gatherings has driven the segment. Moreover, growing popularity of premium tobacco products among the young consumers is expected to have a positive influence on the market growth over the forecast period. Increasing number of cigar lounges in developed countries is fueling the demand for premium cigar products. This, in turn, is expected to increase the segment demand over the forecast period.

Paper boxes are increasingly used in tobacco packaging owing to rising penetration of environmental friendly packaging in the industry. It is a cost-effective alternative to plastic, and hence is gaining popularity in many areas. Lightweight and easy to carry factors are also boosting the segment growth.

Manufacturers are focusing on eco-friendly packaging. For instance, one of the prominent vendors, Amcor has increased its spending on developing biodegradable packaging and is expected to launch them by the end of 2025. Manufacturers are focusing on strategies such as mergers and acquisitions to increase their products offerings. In September 2017, Japan Tobacco Group acquired Mighty Corporation to expand its product portfolio and geographic reach.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/tobacco-packaging-market

Further key findings from the study suggest:

  • By product, secondary packaging led the market and accounted for 60.3% share in 2018. The primary segment is expected to expand at the fastest CAGR of 3.7% over the forecast period
  • By material, paper boxes dominated the global market with an overall revenue share of 67.8% in 2018
  • Asia Pacific dominated the global tobacco packaging market in 2018 and accounted for 31.5% share of the total revenue. This trend is projected to continue over the next few years
  • The industry is highly competitive with the main players including Amcor Ltd.; British American Tobacco; Philip Morris International Inc.; and ITC
  • Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.