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Spout and Non-Spout Liquid Pouch Packaging Market exceeding 7.5% CAGR to cross $10bn by 2024

Global market insights, inc added research on Spout & Non-Spout Liquid Pouch Packaging Market is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size.

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The Spout & Non-Spout Liquid Pouch Packaging Market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the Spout & Non-Spout Liquid Pouch Packaging Market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

Increasing demand for convenient packaging owing to changing consumer lifestyle are the primary drivers boosting spout & non-spout liquid pouch packaging market. Improved disposable income leading towards healthy food consumption such as fruit juices, fruit pulps and liquid diet likely to support product penetration rate. Health conscious consumers including athletes, sports person and professionals are widely using liquid diet supplements for nutritional gains strongly supporting industry development.

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High convenient pouch packaging option especially for ready to eat applications boosting product demand. Changing eating habits and improved preference towards fast food products bolstering industry share. Enhanced safety, high-quality standards and extended shelf life are major factors supporting adoption specifically in infant food applications instigating product landscape.

Technological advancements offering high-quality hygiene and aseptic packing alternatives in large applications is expected to propel industry size. Increased durability, the extended shelf life for packaged food products, and low weight advantages stimulating market penetration. Hygienic packaged drugs & medicines, pharmaceutical products owing to dust free benefits are projected to strengthen spout & non-spout liquid pouch packaging market during the forecast time frame.

Fluctuating raw material cost owing to changing crude oil prices are major concerns hindering product demand. Stringent government regulations over the release of CO2 and other harmful gases during manufacturing process damaging environmental health. These key factors are major concerns limiting spout & non-spout liquid pouch packaging industry growth.

Spout liquid pouch packaging segment is estimated to hold over 80% industry share in 2017 owing to better accuracy during pouring process. Presence of pouch valves for the stoppage, low-cost benefits, high convenience for fluids along with reduction of waste chances accelerating product adoption in varied applications.

Global Spout & Non-Spout Liquid Pouch Packaging Market, By Size

  • 100 ml
  • 200 ml
  • 350 ml
  • 500 ml
  • 750 ml
  • 1 litre

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/spout-and-non-spout-liquid-pouch-packaging-market

200 ml size segment is expected to experience more than 8% CAGR up to 2024 owing to high consumer preference in several applications including industrial, home care, and personal care. Improving demand for RTE products, liquid dietary, dairy items due to limited quality and low-cost benefits primarily driving convenient pouch packaging demand.

Personal care market accounted for more than USD 620 million in 2017. Improved urban lifestyle owing to the amplified adoption of personal care products in several countries such as the U.S. Germany, France, China, and Brazil significantly contributing industry revenue share. Strong business outlook from personal care products including liquid soaps, hair gels, shampoo, and conditioners are fostering industry size.

Home care industry is anticipated to witness over 7% CAGR up to 2024. Changing lifestyle pattern along with high adoption of washing machines capturing focus on indoor washing of clothes, apparel and daily wearable items fueling demand for liquid detergents. Growing demand for fluid soaps, detergents and other home cleaning products is anticipated to fuel spout & non-spout liquid pouch packaging market share over the forecast timeframe.

Three-layer laminate pouch registered more than 46% market share in 2017. Increasing demand for mineral water, packed beverage products, and semiliquid RTE items propelling the segment growth. Shifting consumer preference towards the adoption of applesauce, peanut butter and traditional sauces in several edible applications supplementing product demand.

North America is expected to capture more than 25% market share by 2024. Strong presence of prominent companies owing to technological developments in the region fostering regional growth. High food and safety standards of the U.S. government increasing attention for the hygienic packaged option. Increasing consumption of fast food products propelling requirement for suitable pouch packing selection in the region. Shifting consumer preference toward packaged oil, cream and gel product positively supporting industry share.

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Asia Pacific market is expected to generate over USD 1.8 billion in 2017. Rising demand for packaged food products owing to rising population in the region strongly supporting market expansion. Large dairy industry coupled with huge fluid product verticals present in the market owing to the fast consumption driving requirement for a convenient option. Increasing disposable income in emerging countries including China, South Korea, Japan, India, Malaysia, and Indonesia boosting market share.

Global spout & non-spout liquid pouch packaging market is fragmented in nature owing to the large existence of domestic and local packaging product manufacturers in the market. The major companies include Swiss Pac, Impak, Uflex, Smurfit Kappa, Weyerhaeuser Company, Sonoco, Tetra Pak International and Ampac. Other key players include Constantia Flexibles, Clondalkin Group, Cellpack, Billerudkorsnas AB, and Dow Chemical, Huhtamaki Oyj. Manufacturers are continuously focusing on product development and innovation in packaging quality to improve competitive edge from other companies.

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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WeTrade Group Inc. Attends The 7th World Internet Conference in China

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BEIJING, Nov. 27, 2020 /PRNewswire/ — WeTrade Group Inc. (“Wetrade” or the “Company”) (US: WETG), an emerging growth company engaged in the business of providing technical services and solutions via its membership-based social e-commerce platform, today announced that it attended The 7th World Internet Conference (“WIC”) –Internet Development Forum in China on November 22, 2020.

WIC, also known as the Wuzhen Summit, is an annual international event, first held in 2014, organized by Chinese government. It is a state-run event, and a platform for global tech leaders to discuss internet issues and policies, which attracted top U.S. names including Apple's Tim Cook and Google's Sundar Pichai in past years. Representatives of enterprises and research institutes gathered to showcase the latest products and technologies in 5G, AI, cloud-computing, big data, and cybersecurity.

The Company was invited to participate in this year's WIC to display its Cloud intelligent system (“YCloud”) application for WeChat e-commerce(micro-business). Many officials visited the Company's booth and listened to the report from Mr. Zheng Dai, Chairman of Wetrade, including Mr. Jiajun Yuan, Secretary of the Zhejiang Provincial Party Committee, Mr. Zeliang Zhao, Deputy Director of the Central Cyberspace Affairs Office, Mr. Liehong Liu, Vice Minister of the Ministry of Industry and Information Technology, and Mr. Guoxian Zhu, Publicity Minister of Standing Committee of the Zhejiang Provincial Party Committee.

Mr. Zheng Dai, Chairman of Wetrade, commented, “In recent years, driven by the rapid development of Internet technology, micro-commerce, e-commerce, and livestream sales gradually become mainstream for new individual economies. However, a large number of platforms and individuals flocked to the micro-business field to compete fiercely in prices and supply chains. While enjoying traffic dividends, they ignored the current technological gaps in the industry. To address this market, we accurately grasped this big demand in the industry, developed and launched the YCloud. Through technology and big data, YCloud has strengthened users' marketing relationship tracking, CPS commission income management, community AI fission and management, improving supply chain system, increasing payment scenarios and revenue, and team leader management to help customers increase revenue. Up to now, YCloud has successfully landed in Southeast Asian countries such as the Philippines and Singapore, covering multiple industries including micro-business, tourism, hotel, livestream and short video, aesthetic medical and retail.”

About WeTrade Group Inc.

WeTrade Group Inc. is an emerging growth company engaged in the business of providing technical services and solutions via its membership-based social e-commerce platform and the Company targets to provide technical and auto-billing management services for 100 million micro-business users in China. Wetrade has conducted its business operations in mainland China and trial operation in Hong Kong, Philippines and Singapore.  WeTrade has also formed the long-term technical cooperation with Yuetao App, Daren App, Yuebei App, JD Zhiding App, Yuedian App and Lvyue App. For more information, please visit http://www.wetradegroup.net.

Forward-Looking Statements

This press release contains information about the Company's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company's encourages you to review other factors that may affect its future results in the Company's annual reports and in its other filings with the Securities and Exchange Commission.

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SOURCE WeTrade Group Inc.

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Buy Now, Pay Later Services Aren't Going Anywhere According to Zip

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SYDNEY, Nov. 27, 2020 /PRNewswire/ — As more Australians are forced to rely on smaller income streams, they must find payment options that work for their new reality. This leaves plenty of room for Buy Now Pay Later companies to step into the market and offer Australian consumers a sensible way to spend in 2020 and beyond.

Buy Now Pay Later companies actually profit from the consumer being able to pay their bills, which is the opposite of how traditional lenders make money. This new fintech model involves fees on sales being applied to the merchant instead of the buyer.

An increasing number of Australian's are making the switch to BNPL, feeling that the easy payment instalments are more manageable for the millennial mindset when compared to other credit streams interest-based models. The bite-sized payments offer an easy-to-manage bill that's coordinated by the shopper and payment company prior to purchase, making consumers feel involved in their own credit decisions.

According to Zip CEO, Larry Diamond, customers are continuing to increase their online spend, and attributes Zip's rise to it being a better and fairer, digital alternative to the credit card.

“Data from the recent quarter continues to show the demise of the credit card model,” says Diamond.

Now, with the addition of innovative tap payments such as Tap & Zip, Buy Now Pay Later companies are moving into new markets. This emerging service allows consumers to use their BNPL accounts to pay at physical checkouts. In the case of Zip, that's everywhere a Visa card can be used. This also shows that while younger Australian's are opting out of traditional credit sources, credit companies like Visa are finding ways to stay in the game via BNPL partnerships.

BNPL players have proven their ability to adapt quickly and be innovative to an ever-changing market. While Australians continue to test payment systems and decide what's best for them in this new era post-COVID-19, all the evidence seems to indicate that Buy Now, Pay Later is here to stay.

 

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SOURCE Zip

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Yadea Announces Marketing Partnership with ADAC SE, Europe's Largest Mobility Club

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MUNICH, Nov. 27, 2020 /PRNewswire/ — Yadea Technology Group Co., Ltd (“Yadea”, 01585.HK), China's leading e-moped brand, has today announced the launch of a marketing partnership with ADAC SE, Europe's largest mobility club headquartered in Munich, Germany. The partnership is together with the startup Rydies. The partnership will see Yadea's e-moped sold in Germany, and further accelerates the brand's global expansion strategy.

YADEA announced the launch of a marketing partnership with ADAC SE

Germany has continued to promote emission-free mobility with affordable e-bikes and e-mopeds, in order to reach its emissions reduction targets. Sales for the first half of this year in Germany's two-wheel vehicle market indicate that demand for electric bicycles and e-moped is set to reach a new high, with 1.1 million e-bikes sold between January and July 2020. E-moped (125 class) sales increased by amazing 59% until Aug. 2020 compared to the previous year.

Already the leader in China, Yadea is committed to becoming the world's leading manufacturer of electric two-wheel vehicles by continually investing in R&D, leading product innovations with advanced technology, integrating premium materials to improve vehicle quality, and championing a sustainable industry revolution.

With over 21 million members, ADAC is the world's second-largest automobile association. As part of the company's mission to electrify Germany, ADAC launched its e-Ride initiative: a cost-effective, flexible entry point into modern mobility. ADAC members can rent electric two-wheelers for a period of three to 12 months, which includes services such as insurance, repairs and a high-quality security lock. In addition, members enjoy discounts when purchasing e-bikes and e-mopeds. The partnership between Yadea and ADAC SE will see the Yadea G5 e-moped launched onto the ADAC e-Ride platform www.adac.e-ride-shop.de, where members can enjoy discounts on monthly subscriptions and of up to €1,200 on selected sales deals.

ADAC has always attached great importance to road safety, and its partnership with Yadea has reinforced the safety standards of the company's e-moped in line with leading global standards. Yadea has always placed the highest emphasis on the design, research and development of its vehicle safety systems, and uses military-grade standards in the design and conceptualization of its products.

Beyond safety, Yadea boasts five major technology R&D centers and has obtained 763 patents, including 36 patents for inventions. The brand is an industry leader in power systems, energy systems, intelligent systems and human-centric technologies, and was the industry's first to incorporate graphene battery technology into its products. YADEA has also built a complete global supply chain system; established partnerships with 16 leading global suppliers including Panasonic, Bayer and Berger; and built seven production bases around the world. Yadea's products are exported to over 88 countries, and the company boasts over 36 million users worldwide.

For more information, please visit:
Facebook: YADEAIG/YADEA_global
Twitter: YADEA

About Yadea

23 years ago, Yadea planted a green dream to preserve the environment of the planet we live on. Yadea's vision is to revolutionize the transportation industry with a new generation of emissions-free travel products.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/yadea-announces-marketing-partnership-with-adac-se-europes-largest-mobility-club-301181152.html

SOURCE Yadea

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