Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Soaker Pad Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.3% during the review period (2022 to 2027).
Soaker pads, also known as absorbent pads, are generally used in the retail packaging to decrease the effects of purge weight loss caused due to storage. Apart from that, soaker pads are also used for packaging protection. Purge formation is common in meats during display.Soaker pads enable enhanced visual appearance and consumer appeal by minimizing color loss and purge formation. It is used by leading retail grocers across the globe. Soaker pads must be manufactured in line with established compostability standards.The global soaker pads market is predictable to rise against the backdrop of the growth in the food retail sector across the globe. There have been many changes to materials used for soaker pads. The introduction of non-wovens in food soaker pads reduced consumption of tissue and fluff pulp food soaker pads, which were used primarily.
Fast transforming landscape in the retail sector triggered by changing consumer habits is expected to force more soaker pads manufacturers to adapt with the growing demand for customizability. Product presentation is a key parameter which modern consumers use to screen products on display. The global soaker pads market is expected to grow against the backdrop of the growth in the food retail sector across the globe. There have been many changes to materials used for soaker pads. The introduction of non-wovens in food soaker pads reduced consumption of tissue and fluff pulp food soaker pads, which were used initially.
Dec. 1, 2020: ACON Investments, L.L.C. and its affiliates announced the acquisition of Novipax , a market leader in food packaging primarily focused on absorbent pads for fresh meat and poultry packaging in the Unites States.
July 26, 2021:Novipax launches Dri-Loc Terra, a fully compostable food safety absorbent. Novipax, a leading manufacturer of food safety absorbents, has developed Dri-Loc Terra, a fully compostable pad made from 100 percent renewable materials.
The Soaker Pad Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Novipax, Paper Pak Industries, Sealed Air Corporation (v:SEE), Flavorseal, CoCopac, De Ridder Packaging, Gelok International, McAirlaid’s Vliesstoffe, Elliott Absorbents, Sirane, Maxwell Chase Technologies, Evonik, Cellcomb, Thermasorb, Tite-Dri Industries and others.
Soaker Pad Market is segmented based on the type, applications, companies and regions.
By Product Type, it is segmented into
By Application it is segmented into
The soaker pads market in North America is largely consolidated, with Novipax and Paper Pak accounting for closely 61 – 71% of the market value share.The Asia Pacific soaker pads market is expected to register high growth during the next ten years. Changing consumer shopping habits in countries in the region has been the key contributor to growth of the retail sector in the Asia Pacific.The Asia Pacific soaker pads market is expected to register high growth during the next ten years. Changing consumer shopping habits in countries in the region has been the key contributor to growth of the retail sector in the Asia Pacific. Furthermore, the demand for packaged food has grown in the past few years, and is expected to gain momentum as consumers are shifting towards packaged food consumption.
The Soaker Pad Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Soaker Pad Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 4.3% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Novipax, Paper Pak Industries, Sealed Air Corporation, Flavorseal, CoCopac, De Ridder Packaging, Gelok International, McAirlaid’s Vliesstoffe, Elliott Absorbents, Sirane, Maxwell Chase Technologies, Evonik, Cellcomb, Thermasorb, Tite-Dri Industries and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 165 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Soaker Pad Market is studied from 2017 - 2027.
What is the growth rate of Soaker Pad Market?
The Soaker Pad Market is growing at a CAGR of 4.3% over the next 5 years.
Who are the leading key players in Soaker Pad Market?
Novipax, Paper Pak Industries, Sealed Air Corporation, Flavorseal, CoCopac, De Ridder Packaging, Gelok International, McAirlaid’s Vliesstoffe, Elliott Absorbents, Sirane, Maxwell Chase Technologies, Evonik, Cellcomb, Thermasorb, Tite-Dri Industries and others.
What regions regions does this Soaker Pad Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Soaker Pad Market?
Meat, Seafood, Vegetables, Other
What are the significant Applications of Soaker Pad Market?
Polyethylene (PE), Superabsorbent Polymer (SAP), Novwoven Fabric, Others
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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