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E-commerce and Sustainability Drive Garment Packaging Machine Market Growth to USD 3.4 Billion by 2034, India Leads

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According to a recent publication by Future Market Insights, Inc., the garment packaging machine market is expected to grow due to several reasons. The demand for attractive and protective packaging solutions is a major driver. E-commerce growth, especially in developing countries, is another factor. Finally, there’s a push for sustainable practices, with companies looking for eco-friendly materials and technologies. India is expected to have the highest growth rate in this market.

NEWARK, Del., May 27, 2024 /PRNewswire/ — The global garment packaging machine market, valued at USD 2.5 billion in 2024, is projected to grow at a CAGR of 3.1% through 2034, potentially reaching over USD 3.4 billion by the end of the forecast period. The industry is significantly driven by the demand for advanced packaging solutions to ensure product protection, branding, and shelf appeal. E-commerce growth, particularly in developing economies, has also contributed to the industry’s expansion.

Download the Sample PDF report to explore key market insights and trends: https://www.futuremarketinsights.com/reports/sample/rep-gb-19665

Automation and technological advancements have led to faster production, higher efficiency, and greater customization of packaging materials. Garment manufacturers are focusing on eye-catching and well-designed packaging solutions to enhance brand visibility and create memorable unboxing experiences for consumers, catering to the increasing consumer preference for aesthetically pleasing packaging.

In recent years, the garment packaging industry has witnessed a shift towards sustainable practices, prompting companies to invest in eco-friendly materials and technologies. This trend has led to innovations in garment packing machines, with manufacturers incorporating sensors and IoT technology for real-time tracking and supply chain transparency. However, high initial costs and complexity have hindered widespread adoption, particularly among small manufacturing companies.

“Companies in the garment packing machine industry should focus on developing sustainable packaging solutions to reduce environmental impact. They can invest in research and development to create recyclable or biodegradable packaging materials, as well as exploring ways to minimize waste in the production and distribution process”, says Ismail Sutaria (Lead Consultant, Packaging and Materials at Future Market Insights, Inc.).

Key Takeaways from the Market Study

The standalone system segment dominates the global garment packing machine market with a share of 77.2% in 2024.Based on the end use, the technical textile and décor segment leads the garment packing machine market with a share of 31.6% in 2024.The garment packing machine market in India is anticipated to grow at a CAGR of 6.5% through 2034.The garment packing machine market in China is estimated to rise at a 4.7% CAGR through 2034.The garment packing machine market in Thailand has the potential to increase at 4.2% CAGR through 2034.The United States garment packing machine market is predicted to rise by 1.7% CAGR through 2034.The garment packing machine market in the United Kingdom is very likely to grow at a CAGR of 1.5% through 2034.

Competitive Landscape

The garment packing machine industry is witnessing several new entrants willing to invest in new technologies for garment packing.Companies are investing in automation, IoT, and smart packaging to improve efficiency and functionality.Sustainability trends are driving companies to adopt eco-friendly practices.Key players in the industry include U-Packaging Machinery, Hangzhou Youngsun Intelligent Equipment, Qingdao Feifan Packing Machinery, and Shandong Sinolion Machinery Corp. Ltd.

Recent Developments:

In March 2024, Harry Rosen Inc. introduced a pioneering initiative in partnership with TerraCycle to implement North America’s first fully recyclable packaging program. This move underscores their dedication to sustainability by ensuring that garment bags are reused and diverted from landfills.In April 2023, the Cambodian Development Council revealed a substantial $10 million investment in Fitly Apparel and WH Packaging, both prominent garment factories. This investment is set to generate over 2,900 employment opportunities in the regions of Phnom Penh and Kandal.

Purchase now and gain full access to the Garment Packing Machine Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.

About the Author:

Ismail Sutaria (Lead Consultant, Packaging and Materials at Future Market Insights, Inc.) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power. 

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics. 

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association. 

Explore FMI’s Extensive Coverage in the Packaging Domain:

Protective Packaging Market Forecast by Rigid and Flexible Protective Packaging from 2024 to 2034. – Review and Request to Access the Sample Report.Analysis of Zero-waste Packaging Market by Reusable Packaging, Compostable Packaging, and Edible Packaging Product Types, Forecast, 2023-2033.- Review and Request to Access the Sample Report.Machine Glazed Kraft Paper Market By Basis Weight, Grade, Application, End Use Industry & Region – Forecast 2022 – 2030. – Review and Request to Access the Sample Report.Cold Chain Packaging Market Product Type, Material Type, Packaging Formats, End Use & Region | Forecast 2023 to 2033. – Review and Request to Access the Sample Report.Europe Packing Tape Industry Analysis by Water-Based Acrylic Adhesive and Natural Rubber Adhesive through 2034. – Review and Request to Access the Sample Report.Indonesia Consumer Packaging Industry Analysis by Flexible and Rigid Packaging through 2034. – Review and Request to Access the Sample ReportKraft Pouch Market Forecast by Bleached Grade and Unbleached Grade for 2024 to 2034. – Review and Request to Access the Sample Report.Wire Harness Tape Market Forecast by Acrylic-based Tape and Rubber-based Tape for 2024 to 2034. – Review and Request to Access the Sample Report.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us
Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The Hottest Dog Bronchial Health Supplement on Shopee in 2024

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4 hours ago

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November 10, 2024

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SEOUL, South Korea, Nov. 10, 2024 /PRNewswire/ — As a dog owner, you may have often heard your furry friend coughing, whether it’s a dry hack or a honking sound. Though it might seem trivial, these coughs can cause serious discomfort for your furry friend and create anxiety for you as a caring pet parent.

DOCTORBY’s BREATH CARE is a nutritional supplement designed to support bronchial health in dogs, currently gaining attention among many pet owners on Shopee.

Coughing in dogs can be triggered by various factors, including temperature fluctuations, strong air conditioning, and dust or debris inhaled during walks. Additionally, as dogs age, their bronchial immunity can weaken, leading to potential health issues.

BREATH CARE contains a blend of functional ingredients like the plant-based complex extract TF-343, magnesium, and propolis, which can help alleviate respiratory issues such as coughing and support the elimination of waste accumulated in the bronchial passages.[1] With a taste dogs love, it doubles as a treat, making it incredibly easy for pet owners to administer. Furthermore, it has passed heavy metal and toxicity tests, ensuring safety without the use of synthetic sweeteners or colorings.

Currently, BREATH CARE ranks as one of the top products in Shopee’s pet nutrition and supplement category. In May 2024, it achieved the number one sales position in the pet nutrition category on Shopee Singapore, garnering immense popularity. Shopee has reported a staggering 3,000% growth in sales compared to 2023. Notably, DOCTORBY has not only topped the charts on Shopee but has also held the number one position on Amazon Japan for 22 consecutive weeks, establishing itself as a leader in the South Korean pet nutrition market and rapidly expanding in the global market.

For cat owners, the cat-specific bronchial supplement, CAT BREATH CARE, is also enjoying tremendous popularity. Additionally, DOCTORBY offers a variety of health supplements, including ‘SKIN & COAT’ for skin support, ‘EYES CARE’ for eye health and tear stain improvement, and ‘HAIRBALL CARE’ to assist with hairball elimination in cats. In Singapore, DOCTORBY products are exclusively available on Shopee.

Enjoy fast delivery via Shopee’s reliable fulfillment services, with most orders arriving within 2 to 3 days for a satisfying shopping experience. Shopee also hosts monthly promotional events, such as Double Day and Pay Day, offering a range of exciting deals. Moreover, a special Mega Day event is planned for November 11, promising additional benefits for shoppers.

[1] Korean J. Food Sci. Technol. Vol.35, no.5, pp980-987 (2003)

 

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SOURCE DOCTORBY

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LG Display Succeeds in Developing World’s First Stretchable Display that Expands by 50 Percent

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5 hours ago

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November 10, 2024

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SEOUL, South Korea , Nov. 9, 2024 /PRNewswire/ — LG Display, the world’s leading innovator of display technologies, announced today its unveiling of the world’s first Stretchable display capable of expanding up to 50%, the highest rate of elongation in the industry. At LG Science Park in Seoul on Nov. 8, the company demonstrated the panel at a meeting of more than 100 South Korean industry, academia, and research stakeholders involved in a Stretchable display national project.

Stretchable displays are seen as the ultimate free-form screen technology because they can be freely transformed into any shape, including by stretching, folding, and twisting.

The new prototype features a 12-inch screen that stretches up to 18 inches, while simultaneously delivering a high resolution of 100ppi (pixels per inch) and full red, green, and blue (RGB) color.

Compared to the first Stretchable display prototype unveiled in 2022, the new panel’s maximum elongation rate has more than doubled from 20% to 50%. This enhanced stretchability enables various display design possibilities, raising the technology’s potential competitiveness when commercialized.

By applying a number of new technologies, such as improving the properties of a special silicon material substrate used in contact lenses and developing a new wiring design structure, LG Display improved the panel’s stretchability and flexibility, exceeding the original national project’s target of 20% elongation.

In addition, by using a micro-LED light source of up to 40μm (micrometers), the new prototype’s strengthened durability means it can be repeatedly stretched over 10,000 times, maintaining clear image quality even in extreme environments such as exposure to low or high temperatures and external shocks.

Stretchable displays are not only thin and lightweight but also capable of adhering to irregularly curved surfaces like clothing and skin. They are expected to be widely applied in various industries, from fashion and wearables to mobility.

The company showcased numerous concepts for the application of Stretchable displays, including an automotive panel that stretches out into a convex shape and can be operated by hand as well as a wearable display attached to firefighters’ uniforms that provides real-time information.

LG Display was selected as the lead company for the national project to develop Stretchable displays in 2020 and since then has been conducting joint R&D with 19 domestic industry and research institutes. It is one of the major tasks of a wider project to develop core technologies for next-generation displays promoted by South Korea’s Ministry of Trade, Industry and Energy (MOTIE) along with the Korea Planning & Evaluation Institute of Industrial Technology.

By successfully completing the project, LG Display has not only secured core technologies that can lead the next-generation display market but also contributed to localizing materials, components, and equipment as well as building an R&D infrastructure.

“We will continue to build a sustainable future display ecosystem through close cooperation between South Korean industry, academia, and research stakeholders,” said Soo-young Yoon, CTO and Executive Vice President of LG Display.

About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 70,707 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:
Joo Yeon Jennifer Ha, Manager, Communication Team
Email: hjy05@lgdisplay.com 

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SOURCE LG Display

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Stay Better in China: Tell the Beautiful China to the World

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5 hours ago

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November 10, 2024

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NANCHANG, China, Nov. 9, 2024 /PRNewswire/ — A report from Jiangxi International Communication Center (JXICC): Komurcu Busra, an international student from Nanchang University, talks about her life in China. She felt the simplicity of Chinese countryside and pure beauty of nature here. She wants to tell the beautiful China to the world.

https://www.youtube.com/watch?v=vQGbRJc4ncc

View original content to download multimedia:https://www.prnewswire.com/news-releases/stay-better-in-china-tell-the-beautiful-china-to-the-world-302277393.html

SOURCE Jiangxi International Communication Center(JXICC)

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