VCI Packaging Market to Expand with Significant CAGR During 2019-2029 - PowerPoint PPT Presentation

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VCI Packaging Market to Expand with Significant CAGR During 2019-2029


VCI Packaging Market to Expand with Significant CAGR During 2019-2029 – PowerPoint PPT presentation

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Title: VCI Packaging Market to Expand with Significant CAGR During 2019-2029

VCI Packaging Market Growing at 6 CAGR to 2029
Scrutinized in New Research 2019 2029
  • Feb 2020

Report Id REP-GB-9166 Status
Published Category Packaging
About Future Market Insights
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includes sources of databases
VCI Packaging Market Analysis
  • VCI Packaging Market Growing at 6 CAGR to 2029
    Scrutinized in New Research 2019 2029
    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 FMIs 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 Packaging Market Analysis
  • 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.
    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
  • 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.

VCI Packaging Market Analysis
  • FMIs also highlights noteworthy insights into
    the competitive scenario of the VCI packaging
    market along with the key players main
    strategies. Key players in the VCI 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 (EcoCorr Film),
    which provides contact, barrier, and vapor
    corrosion inhibition. In May 2019, the company
    also developed bioplastics and anticorrosion
    films plant in Baranja, Croatia.
  • Press Release Sourcehttps//
  • Related Press Release
  • Self-adhesive Tear Tape Market
  • Plastic Caps Closures Market

VCI Packaging Market Analysis
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    reports and consulting services which are
    personalized in nature. FMI delivers a complete
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    intelligence, statistical anecdotes, technology
    inputs, valuable growth insights and an aerial
    view of the competitive framework and future
    market trends.

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