VCI Packaging Market February 2020
Report Id : REP-GB-9166 Published On : October-2019 Category : Packaging www.futuremarketinsights.com I
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About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solution for our client.
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Research Methodology (1/2) Systematic Research Approach 1 Market profiling
2 Formulating discussion guide
3 Developing list of respondents
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In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. PMR formulates a detailed discussion guide to conduct expert and industry interviews PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts
Data collection
PMR conducts interviews with industry experts, industry players, distributors and retailers
Data validation
Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data
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Data analysis
Insights
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Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry PMR delivers industry insights and information in the required format (PDF)
Data Collection
Research & Intelligence
Data Filter & Analysis
Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain
Actionable Insights
A Primary Research
B SOLUTION
Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments
Primary Research #
Linkedin Zoominfo Salesforce Avention
Business Solution
Desk Research
C
Key industry experts Channel study Developments Market dynamics Products Conclusions
Company Analysis
Secondary Research #
Company websites Company annual reports White papers Financial reports
Paid Publications#
Factiva GBI Genios Meltwater
# includes sources of databases
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VCI Packaging Market Analysis VALLEY COTTAGE, N.Y (GLOBE NEWSWIRE) -- As per the recent research study of Future Market Insights (FMI), the global sales of VCI packaging was valued at ~US$ 600 Mn in 2018. According to the report, the global VCI packaging market is projected to expand at a CAGR of ~6% during the forecast period. According to FMI’s report, the rising export of primary metal & products from emerging economies is offering momentum to the global VCI packaging market. The growing need for efficient & secured metal packaging solutions is expected to be a primary factor for the growth of the market. Manufacturers of VCI packaging are grabbing the attention of end users by offering new designed VCI packaging products, which are highly suitable for specific applications. To satisfy consumers’ demand, manufacturers are adopting the strategy of product development, customer support & expansion. The packaging industry leaders across the globe are expanding product portfolio based on VCI packaging. The Mondi Group is also focusing on developing VCI packaging solutions to take benefits from the growing demand. The increasing demand for eco-friendly & sustainable VCI packaging is attributed to be beneficial for the paper packaging industry leaders to enter the market. VCI bags are expected to witness an increased in market share owing to large volume bags offered by manufacturers. The quick adoption of VCI bags by metal parts and components manufacturers is a vital factor for the rising demand for VCI bags in the market. Manufacturers are adding new types and formats in the VCI packaging product portfolio by understanding the end users’ need.
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VCI Packaging Market Analysis The VCI paper is attributed to be the best alternative in the fulfillment of sustainable and low-cost packaging products. The VCI paper is expected to expand at a maximum CAGR while VCI film is projected to witness sluggish growth during 2019-2029. The VCI packaging product growth in the global market closely depends upon the rising need for packaging of different metal products and current & future packaging products available in the market. For instance, VCI film was highly used for packaging in the past, which is expected to a slowly replaced by VCI paper & bio-based VCI products in the future. Investment of Emerging Economies in Manufacturing Sectors The VCI packaging market is highly based on industries where metal parts and components are mostly used. Globally, the VCI packaging market is likely to grow due to demand from the primary metal & metal works industries. Owing to the adoption of VCI liquids and powders, the automotive industry is expected to witness a sluggish growth in the future. The aerospace & components industries are projected to increase the consumption of VCI packaging during the forecast period. The emerging countries are boosting the demand for VCI packaging by investing in the aerospace, metal, and electrical & electronics industries. Other processing industry are also shifting towards VCI liquid and powder to protect metal products & components due to new easy techniques for removal & applicators.
FMI’s also highlights noteworthy insights into the competitive scenario of the VCI packaging market along with the key player’s main strategies. Key players in the VCI www.futuremarketinsights.com I
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VCI Packaging Market Analysis packaging market are engaging in product developments and introductions in new markets. For instance, in June 2019, the leading VCI packaging manufacturer, Cortec Corporation, launched biodegradable VCI packaging film (EcoCorrÂŽ Film), which provides contact, barrier, and vapor corrosion inhibition. In May 2019, the company also developed bioplastics and anticorrosion films plant in Baranja, Croatia.
This study underlines key opportunities in the VCI packaging market and finds that the market is projected to exhibit growth at a value CAGR of ~6% during the forecast period. For in-depth information of the VCI packaging market, write into the analyst at press@futuremarketinsights.com Source:http://www.globenewswire.com/news-release/2019/10/09/1927235/0/en/VCI-PackagingMarket-is-projected-to-grow-at-CAGR-of-6-during-2019-to-2029-Future-Market-Insights.html
About Us Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
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VCI Packaging Market Analysis Contact Us Mr. Abhishek Budholiya
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VCI Packaging Market Analysis T (UK): + 44 (0) 20 7692 8790 Sales: sales@futuremarketinsights.com
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