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How Open Pouch Laminates Market Growing Rapidly...? Top Manufacturers Rotek laminates, Amcor limited, USI Inc., Mondi group and Oracle packaging
Open Pouch Laminates Market
The prime factor responsible for propelling open pouch laminates market size is the booming product demand in pharmaceutical industry. It is extensively used in variety of pharmaceutical products such as small size medical devices, capsules and tablets. The product is widely used by pharmaceutical manufacturers owing to moisture prevention property.
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Increasing competition amongst the pharmaceutical companies is expected to increase the product acceptance over the forecast duration. Moreover, the product offers easy opening, which creates fair opportunities for the open pouch laminates market size growth over the forecast timespan.
Based on type of product, the open pouch laminates market size can be segmented into paper, polyethylene, aluminum and aluminum foil. Though, polyethylene open pouch laminates have durability and superior tamper resistance, yet paper open pouch laminates market is gaining popularity among consumers owing to its bio-degradability and easy availability. In addition, it is anticipated to be the fastest growing segment in the business over the forecast period.
Aluminum open pouch laminates are widely used in computer hardware, pharmaceutical, health supplements and beverage industry. This can be attributed to its heat & abrasion resistance properties, hygienic packaging, contamination free and user friendly aesthetics. Aluminum foil laminates are largely used for packaging food products such as nuts, coffee, etc. due to its lightweight characteristics. It is also used in packaging of inherent oils and flavors that need to be secured from oxidation.
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Open pouch laminates market share finds extensive application in pharmaceutical and food & beverage industry. In the pharmaceutical industry, the product is mainly used in oral dissolve strips and transdermal & trans mucosal drug delivery system. Properties such as seal integrity and compatibility with different sterilization techniques make the product highly desirable for packaging of medicines and drugs in pharmaceutical industry. It is mostly used for small, lightweight and low profile items. Across food packaging, the product is widely used due to its resistant to sunlight and wear & tear.
The prominent market players functional in the product market are Rotek laminates, Amcor limited, USI Inc., Mondi group and Oracle packaging. Other companies include Alta Global Inc., Shako Flexipack Private Limited, DaklaPack Group and Paras Print Pack.
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The key open pouch laminates market share contributors are emphasizing on partnership with local companies to expand their product portfolio and to penetrate their offerings into countries such as Thailand, Indonesia, Malaysia and others in Asia Pacific and Brazil & Mexico in Latin America. Also, the market share contributors are continuously investing in research & development to push product innovation to next level. This aids in keeping up with demands of existing customers and attract new customers.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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