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

1. 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 ©2015 Future Market Insights, All Rights Reserved

2. 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 competitiveframework,and future markettrends. 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 solutionfor our client. Research Capabilities Sector Coverage             Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Subscription Information Syndicated Research For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) Investment Research T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Social Media Research ©2015 Future Market Insights, All Rights Reserved 2

3. Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 FMI formulates a detailed discussion guide to conduct expert and industry interviews     Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research       Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 FMI conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection      Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research# Secondary Research # Paid Publications#           Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 FMI delivers industry insights and information in the required format (PDF) Insights   # includes sources of databases ©2015 Future Market Insights, All Rights Reserved 3

4. VCI Packaging Market Analysis VCI Packaging Market Growing at 6% CAGR to 2029 Scrutinized in New Research 2019 – 2029 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. ©2015 Future Market Insights, All Rights Reserved 4

5. 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 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. ©2015 Future Market Insights, All Rights Reserved 5

6. VCI Packaging Market Analysis 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 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 Source:https://www.globenewswire.com/news-release/2019/10/09/1927235/0/en/VCI- Packaging-Market-is-projected-to-grow-at-CAGR-of-6-during-2019-to-2029-Future-Market- Insights.html Related Press Release: • Self-adhesive Tear Tape Market • Plastic Caps & Closures Market ©2015 Future Market Insights, All Rights Reserved 6

7. VCI Packaging Market Analysis 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. ©2015 Future Market Insights, All Rights Reserved 7

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