Corneal Ulcer Treatment Market is anticipated to touch a value of nearly US$ 1.27 Bn in the year 2029

With an estimated market value of roughly US$ 867.3 Mn as of 2022, the global demand for corneal ulcer treatment is anticipated to experience a significant growth of 5.7% CAGR from 2022 to 2029. Antibiotics are expected to have a sizable market share of roughly 76.4% in 2021, according to Future Market Insights.

Data Points Market Insights
Market Value 2021 US$ 817.9 Mn
Market Value 2022 US$ 867.3 Mn
Market Value 2029 US$ 1.27 Bn
CAGR 2022-2029 5.7%
Market Share of Top 5 Countries 72%

The market for corneal ulcer treatment is anticipated to grow as a result of rising contact lens usage, new treatment options, such as anti-amoebic drugs, and well-established supply chain operations. The general public as well as ophthalmologists are becoming more aware of corneal ulcers thanks to a number of initiatives by international as well as regional organisations, governments, etc. to end avoidable blindness caused by contact lens use. The organisation of eye check-up camps by universities and nonprofit organisations also contributes to raising awareness of corneal ulcers.

According to FMI, a reputable name in market research, the corneal ulcer treatment market will grow significantly over the next few years, reaching a valuation of US$ 1.27 Bn by 2029.

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Key Takeaways of Corneal Ulcer Treatment Market Study

  • Treatment of broad-spectrum corneal ulcers using antibiotics is expected to gain traction and contribute more than 75% of revenue share during the forecast period.
  • Growing bacterial keratitis requiring antibiotics for treatment will contribute significantly to the revenue share of the segment.
  • Eye drops or eye ointments dominate the market by form type, as these are relatively cheaper and do not require other interventional and oral route for drug delivery.
  • By distribution channel, retail pharmacies are expected to gain more than 50% of market share during the forecast period.
  • North America is dominating the global corneal ulcer treatment market, while East Asia is expected to offer lucrative growth opportunities, owing to rising healthcare infrastructure and industrialization.

Acquisition – Key Strategy Followed by Leading Manufacturers

Leading suppliers in the corneal ulcer treatment market are concentrating on geographic growth and expanded product offerings through joint ventures and acquisitions. Manufacturers are evaluating new drugs through clinical trials in order to determine the most affordable therapy for the treatment of corneal ulcers. For instance, Mallinckrodt plc enrolled the first patient in the Phase 4, multi-center, multiple-dose, open-label study the company is conducting to evaluate the effectiveness of Acthar Gel as a treatment option for people with severe keratitis in December 2019.

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A new study by Future Market Insights opines on the evolution of the corneal ulcer treatment market from 2014–2018, and presents demand projections for 2019–2029 on the basis of drug class (antibiotics, antifungals, antivirals, anti-amoebic drugs, corticosteroids, and NSAIDs), indication (bacterial keratitis, fungal keratitis, viral keratitis, and acanthamoeba keratitis), form (tablets, eye drops, and vials), and distribution channel (hospital pharmacies, retail pharmacies, drug stores, and online pharmacies), across seven prominent regions.

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Key Market Segments Covered In Corneal Ulcer Treatment Industry Research

By Drug class:

  • Antibiotics
  • Antifungals
  • Antivirals
  • Corticosteroids
  • NSAID’s

By Form:

  • Tablet
  • Eye Drops/ Ointments
  • Vials

By Route of Administration:

  • Oral
  • Topical
  • Injectables

By Indication:

  • Bacterial Keratitis
  • Fungal Keratitis
  • Viral Keratitis

Acanthamoeba Keratitis:

  • By Distribution Channel
    • Hospital Pharmacies
    • Retail Pharmacies
    • Drug Stores
    • Online Pharmacies
  • By Region
    • North America
    • Latin America
    • Europe
    • South Asia
    • East Asia
    • Oceania
    • Middle East and Africa (MEA)

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About FMI                     

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Vacuum Packaging Market expand at a CAGR of 4.9% to reach US$ 12.1 Bn by the year 2032

The global vacuum packing market is anticipated to reach a valuation of US$ 7.5 billion in 2022 and continue to grow at a CAGR of 4.9% to reach US$ 12.1 billion by the year 2032, according to data from Future Market Insights. The top 3 nations are predicted to control 25–30% of the global vacuum packing market by the end of 2022, leading to an increase in market revenues.

The Polyethylene (PE) segment by the material is expected to hold the major portion of the global vacuum packaging market due to its benefits such as high clarity, oxygen barrier, and excellent seal. The target segment is projected to grow 1.5 times the current market value during the forecast period.

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The global vacuum packaging market reached US$ 7.1 Bn for the year 2021, according to FMI analysis. The demand for vacuum packaging is estimated to accelerate with the top 5 companies estimated to hold around 20-25% of the global vacuum packaging market by the end of the estimated year.

The vacuum packaging market is anticipated to witness a positive growth outlook during the forecast period. A new forecast by FMI anticipates that vacuum packaging sales will rise during 2022-2032 and is projected to offer an absolute growth opportunity of US$ 5.0 Bn.

The Europe and North America regions are anticipated to augment the sales of vacuum packaging by showing high demand for the same. The same regions collectively are anticipated to hold around half portion of the market by the end of 2032.

Historic Market Outlook for Vacuum Packaging Market

The vacuum packaging market noticed a CAGR of 4.1% during the historic period and reached US$ 7.1 Bn in 2021.

Vacuum packaging is a form of packaging that removes the air around the food & non-food products and seals the product in waterproof containers that are used to pack and store the products. Vacuum packaging primarily functions by minimizing the oxygen levels in the package thus reducing the oxygen degradation of products and enhancing the overall quality of the product.

Vacuum packaging commonly consists of pouches & bags or films which are sometimes lidded over thermoformed trays in order to facilitate better product presentation. With the increased need for prolonged shelf-life and enhanced quality, the demand for vacuum packaging augmented. Also, vacuum packaging offers a sealed barrier against external factors which gains traction among the food industries. It eliminates the use of chemical preservations which keeps the food or the product natural. Overall, the demand for vacuum packaging is projected to bolster during the forecast period.

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How does the Preference for Pro-longed Shelf-life Drive the Demand for Vacuum Packaging?

The prolonged shelf-life of the items is one of the main elements boosting the sales of vacuum packaging in the market. In terms of extending the shelf life of food products, vacuum packaging performs better than MAP. If not consumed within a month of packaging, a sizable percentage of packaged goods, such as candy, meat, and other dairy products, are wasted globally, resulting in financial loss.

Retailers and suppliers favor packaging options that guarantee long shelf life. Additionally, this enables vendors to extend the transit time for packaged goods, improving their ability to export and expanding their global operations. As a result, vacuum packaging is quickly becoming one of the most popular methods for storing food.

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Vacuum Packaging Market by Category

By Materials, Vacuum Packaging Market is Segmented as:

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyamide (PA)
  • Ethylene Vinyl Alcohol (EVOH)
  • Polyethylene terephthalate (PET)
  • Other Plastics (PS, etc.)

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Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights.

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Medical X-Ray Detectors Market: Drivers and Challenges

The global medical X-ray detectors market, surpassing billion-dollar revenue in 2019, is set for a promising CAGR during 2019 – 2029.

Data Points Market Insights
market Value 2021 USD 2.0 Bn
market Value 2022 USD 2.2 Bn
market Value 2029 USD 3.2 Bn
CAGR 2022-2029 5.7%
Share of Top 5 Countries 60.5%
Key Players The key players in Medical X-Ray Detectors market are Varex Imaging Corporation, Troxell, Canon Inc., FUJIFILM Holdings Corporation, KONICA MINOLTA, INC., Agfa-Gevaert N.V., Analogic Corporation, Rayence Co., Ltd., Hamamatsu Photonics, DITECH Corporation, and Teledyne Technologies Incorporated

Due to a variety of factors, including an increased emphasis on radiological diagnostic tests, an increase in the burden of chronic diseases, and the introduction of effective X-ray devices through market consolidation and mergers, the medical devices industry is witnessing an increase in the number of imaging and diagnostic tests performed each year.

Growing numbers of people choose diagnostic imaging tests every year, especially in developing nations, due to the prevalence of cancer, trauma, and sports injuries.

According to the Centers for Disease Control & Prevention (CDC), there were roughly 80 million computed tomography (CT) exams conducted in the United States alone in 2015.

The demand for digital radiography detectors like a-Si detectors has increased significantly as a result of the rise in the number of patients undergoing CT and radiography tests globally and the number of tests performed each year.

These elements have increased the market for medical X-ray detectors by directly increasing demand for a-Si X-ray flat panel detectors.

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Key Takeaways – Medical X-ray Detectors Market Study

  • Adoption of flat panel X-ray detectors in the global medical X-ray detectors market has increased significantly owing to distinct benefits over computed radiography (CR), charged couple detectors (CCD), and analog detectors (film-based).
  • The introduction of new technology such as the Veradius X-ray system by manufacturers is expected to boost demand for thin flat detector devices and computed radiography (CR) detectors among end users.
  • Direct flat-panel medical X-ray detectors with a comparatively higher technical advantages over indirect flat-panel medical X-ray detectors are expected to generate significant revenue.
  • Increasing adoption of digital X-ray systems for radiological imaging as compared to retrofit X-ray systems marks high revenue potential for the medical X-ray detectors market.

Cloud-based medical imaging and the growing shift from analog to digital X-ray detectors are key growth opportunities for the medical X-ray detectors market.

The number of imaging and diagnostic tests performed each year is rising in the medical devices industry as a result of a number of factors, including a greater emphasis on radiological diagnostic tests, an increase in the burden of chronic diseases, and the introduction of efficient X-ray devices through market consolidation and mergers.
Due to the high prevalence of cancer, trauma, and sports injuries, an increasing number of people choose diagnostic imaging tests every year, particularly in developing countries.
In 2015, the United States alone saw the performance of about 80 million computed tomography (CT) exams, according to the Centers for Disease Control & Prevention (CDC).The number of patients undergoing CT and radiography tests worldwide as well as the volume of tests conducted each year has increased, which has led to a significant increase in the demand for digital radiography detectors like a-Si detectors.
By directly increasing demand for a-Si X-ray flat panel detectors, these factors have expanded the market for medical X-ray detectors.

Strategic Acquisitions Remains Favored Competition Strategy

Leading producers of medical X-ray detectors, such as GE Healthcare, Canon, Philips, and Hitachi, are focusing on business expansions through alliances, mergers, sales agreements, and acquisitions with local producers in developing countries. These mergers and acquisitions aim to lower product development costs, streamline the supply chain, and strengthen market position. In December 2016, Canon Inc. acquired Toshiba Corp.’s medical division. Canon Inc. entered the market for diagnostic imaging devices through the acquisition and benefited from Toshiba Medicals’ core strengths in this field.
This acquisition would be even more beneficial to Canon’s biomedical division.

Key players are focusing on differentiating their products through research, development, and the introduction of new products built on proprietary development technologies. in November 2017 at the Radiological Society of North America (RSNA) trade show. Carestream Health displayed a portable X-ray system with carbon nanotubes.

The system, which works with all of Carestream Health’s DRX a-Si detector devices, made its debut in the May 2018 market for medical X-ray detectors.

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Know More About FMI’s Report on Medical X-ray Detectors Market

From 2014 to 2029, Future Market Insights’ comprehensive research report on anticipated revenue growth at the global, regional, and national levels analyses the most recent market trends in each of the segments.

The market for medical X-ray detectors is segmented in great detail to cover every facet of the market and give the reader a full picture of market intelligence.

On the basis of product, panel size, modality, and end-user, the study offers compelling insights into the market for medical X-ray detectors.

MEDICAL X-RAY DETECTORS MARKET TAXONOMY

The global medical X-ray detectors market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Product

  • Indirect Flat-Panel Detectors
  • Direct Flat-Panel Detectors
  • Computed Radiography (CR) Detectors

Panel Size

  • Large-Area Flat-Panel Detectors
  • Small-Area Flat-Panel Detectors

Modality

  • Portable Detectors
  • Fixed Detectors

Module

  • Digital X-ray Systems
  • Retrofit X-ray Systems

End User

  • Hospitals
  • Diagnostic Centers

Region

  • North America
  • Europe
  • Latin America
  • South Asia
  • East Asia
  • Oceania
  • Middle East And Africa

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About FMI                     

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Foam Cups Market Future Plans and Industry Growth with Quantitative And Qualitative Analysis

Foam Cups Market Introduction

Evolving packaging market with the introduction of new packaging solutions for the growing food and beverages industry is encouraging packaging manufacturers to develop aesthetic and innovative solutions. The use of disposable cups is increasing in the global food & beverages packaging market owing to increased consumption by food service providers, households, and institutions.

The disposable cups such as paper, plastic, and foam cups are maintaining their prominence in the global food packaging market due to its economy and easy availability. The foam cups keep beverages at their serving temperature inside and outside for a long time, due to which they are ideal for both hot and cold beverages.

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The adoption of foam cups is decreasing over the time due to non-biodegradable and nearly impossible to recycling. The environment-friendly paper and fiber-based cups are taking the place of foam cups in the food services and retail stores.

Recently, the giant food service providers from United States, such as Dunkin’ Donuts and McDonald’s, are looking forward to completely stop using foam cups till 2020. New York, the United States’ largest city, has banned foam cups and containers made up from expanded polystyrene (EPS) from the start of 2019.

The key players in the foam cups market are engaging in the research and development to overcome the drawback of foam cups and provide eco-friendly solutions to the end-users.

Paper vs. Foam Cups

Foam cups contain harmful chemicals such as benzene, which is harmful to animals. The paper cups having only a thin coating of polyethylene and aren’t toxic when consumed on accident. The foam cups are not eco-friendly and less recyclable as compared to the paper cups which reduce the market share of foam cups in global disposable cups market.

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On the other side, the manufacturing of foam cup requires fewer resources as compared to the paper cups in terms of water, energy, cutting trees and others. The biodegradable or compostable cups are also attributed to be a worthy environmental alternative for foam cups.

Asia Pacific is dominating the global foam cups market

The global disposable cups market is estimated to be valued at around US$ 14 Billion in 2019 and anticipated to experience impressive growth in the future. In the global disposable cups market, foam cups are estimated to witness a drop in market share during 2018-2026.

Asia Pacific is attributed to be the largest consumer of foam cups owing to large number of food service providers in China, India, ASEAN countries and Japan. The Asia Pacific and North America are estimated to accounts for near about 50% of global foam cups market in 2019. The demand for foam cups is expected to boost in Latin America and Middle East & Africa on the backdrop of proper establishment of recycling regulations.

Global Foam Cups Market: Segmentation

The global foam cups market is segmented on the basis of capacity, cup type, sales channel, and end-user as follows:

On the basis of size, the global foam cups market has been segmented into:

  • Up to 10 Oz
  • 10 to 16 Oz
  • 16 to 20 Oz
  • 20 to 32 Oz
  • More than 32 Oz

On the basis of cup type, the global foam cups market has been segmented into:

  • Hot cup type
  • Cold cup type

On the basis of the sales channel, the global foam cups market has been segmented into:

  • Supermarket/Hypermarket
  • Departmental/Speciality/Discount Stores
  • Distributors
  • Online sales

On the basis of end-user, the global foam cups market has been segmented into:

  • Foodservice
  • Institutional
  • Household
  • Catering services

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights.

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Plastic Drums Market New Technological Development Projecting Massive Growth till 2028

Plastic Drums Market: An Overview

Drums are rigid or semi-rigid cylindrical containers that are generally used for shipping and storage of liquid items. Drums are classified in three types on the basis of materials they are made with metal, fiber, and plastics. Plastic drums are lighter in weight than metal drums and can be kept in open conditions without the risk of rusting. Plastic drums are generally used for storing hazardous chemicals and goods because they are resistant to inert low pH levels.

Plastic drums provide UV protection and do not leak easily that make them adequate for industrial, household and commercial purposes. Plastic drums have a wide range of end-use industry applications such as Agriculture, Chemical, Pharmaceutical, Petroleum, Household, etc. Plastic drums are easy to handle, simple to empty and fill thus; they are appropriate for logistics and transportation. Plastics are malleable hence plastic drums can be efficiently designed meeting the particular shape and size for the specific application.

Moreover, plastic drums are easy to recycle which gives them an edge over other types of drums. Some of the plastic drums are biodegradable and can be easily decomposed by microorganisms which in turn make them amiable to the environment. In addition, plastic drums can easily be reconditioned for reuse which makes them cost efficient.

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Plastic Drums Market: Dynamics

Plastic drums are expected to have escalated demands because of the evolution of industries which in turns increased the quality packaging at economical rates. The government norms for the adoption of biodegradable materials are expected to enhance the growth of plastic drums market further. With increased demand for chemicals and pharmaceuticals, the plastic drums market will have extraordinary growth rate. Plastic drums meet the requirement of chemical and pharmaceutical manufacturers due to lightweight, durable, reliable yet cost-efficient rigid packaging product.

Plastic drums market are expected a high increase because of the appropriateness of plastic drums for liquid packaging. In addition, plastic drums are generally unreactive to the chemical, oil, and lubricant present inside it. Availability of different color options and ease of printing on plastic drums make them convenient for both the manufacturers as well as the consumers. The increased demand for packaged food will endorse the growth of plastic drums market. Plastic drums market will experience further growth with the advancement of recycling and biodegradable packaging. Plastic accounts for the largest share in rigid bulk packaging materials. Plastic drums with continuous advancement and innovation provide the opportunity of even lesser weight with greater strength.

Plastic Drums Market: Segmentation

Globally the Plastic drums market is segmented on the basis of material type, head type, capacity and end – use industry which are further segmented as –

On the basis of material type, the global plastic drums market is segmented as – Polyethylene (PE),LDPE,LLDPE,HDPE,Polypropylene (PP),Others

On the basis of head type, the global plastic drums market is segmented as –

Open head & Tight head

On the basis of capacity, the global plastic drums market is segmented as – Less than 10 gallons,10-30 gallons,30-55 gallons,55 gallons and above

On the basis of end – use industry, the global plastic drums market is segmented as – Food & Beverages,Chemical & Petrochemicals,Building and Construction,Agriculture,Pharmaceuticals,Oil and lubricants,Others

Plastic Drums Market: Regional Outlook

Geographically the global plastic drums market has been divided into seven key regions as–  North America,Latin America,Eastern Europe,Asia Pacific excluding Japan (APEJ),Middle East & Africa (MEA),Japan

The increased demand for chemical, and pharmaceutical sector in Asia Pacific region is expected to lead the plastic drums market. The Asia Pacific market is anticipated to dominate the global plastic drums market. The Europe and North America plastic drums market are expected to witness growth because of adoption of plastic drums in the rigid packaging industry. The markets in Middle East & Africa region is projected to represent lucrative opportunities for the global plastic drums market during the forecast period.

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Plastic Drums Market: Key players

Some of the key players operating in the global plastic drums market are – Greif, Inc.,FDL Packaging Group,Industrial Container Services, Inc.,Sonoco Products Company,SCHÜTZ GmbH & Co. KGaA,Mauser Group B.V.,E-Con Packaging Pvt Ltd,Delta Containers Direct Limited

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights.

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MET-PET Cartons Market Demand, Size & Share | Global Industry Report for 2028

To prevent contamination of various products, leading manufacturers in the packaging industry is focusing on leveraging advanced technology solutions. Manufacturers are focusing on utilizing metalized coating on PET carton to protect it from the harmful substance in the container and stave off the adulteration of product. Bound to features such as heat resistance, durability, and UV resistance, demand for MET-PET cartons is expected to remain concentrated in healthcare, food & beverage, pharmaceutical, and others industries. Many manufacturers prefer opting for MET-PET cartons as they are easy to handle, safely disposable, and recyclable.

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MET-PET Cartons: Dynamics

The global packaging industry has undergone rapid transformation in the past few years, due to changing consumer preferences. One of the key challenges for a new product is to stand out among other rest. MET-PET films impart a luxury appearance to packages and go a long way in enhancing the consumer appeal of the package. Low price, durability and protective packaging features of these cartons is expected to drive the growth of the global MET PET cartons market during the forecast period.

Several industries prefer MET-PET cartons due to this property.  In addition, moisture tolerance features of the MET PET cartons have encouraged demand significantly among the manufacturer and consumer and has allowed them to maintain the quality of various products. The excellent printability offered by MET-PET films helps manufacurers and brands differentiate products and promote brand value.

High quality lamination on MET-PET cartons is another key trend in the market these days. The appealing finishing helps influences consumer preferences. Demand for MET PET cartons is expected remain high in the beverage industry as it helps in increasing the shelf life.

Demand for the MET PET cartons market is expected to remain high in APEJ. This region is expected to account for half of the global market in terms of value. In APEJ, countries like China and India are expected to witness significant rise in demand due to expansion of healthcare, food and beverage industries. The North America and Western Europe regions are expected to register the second highest growth in terms of value and demand. Middle East and Africa MET-PET cartons market is expected to witness marginal slight growth in forecast years.

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Global, MET-PET Cartons market: Key Player

  • Amcor Limited
  • Silgan Holdings Inc.
  • Gerresheimer AG
  • PET Power Holding BV
  • Tetra Laval
  • Plastipak
  • CKS Packaging, Inc.
  • Alpha Group
  • Himalayan Group
  • ExoPackaging
  • Greiner Packaging GmbH

The report is compiled using secondary research, Surveys, Focus Groups, Paid interview with industry analyst and verified information using many sources. The report provides In-depth analysis of a Key market player, current market analysis, Parent market trends and future trends. The report is the qualitative analysis of MET-PET carton market and gives the information about the whole market value of MET-PET cartons.

MET-PET Cartons Report Highlights:

  • An overview of MET-PET cartons market
  • Market Dynamics
  • In-depth analysis of each segment
  • Current and Projected Market size (2018-2028)
  • Competition among the vendors
  • The Current and Future perspective of MET-PET cartons market

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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MET-PET Cartons: Segmentation

Globally, the MET-PET cartons are segmented as –

On the basis of its material, the MET-PET cartons market has been segmented as-

  • Aluminum foil
  • PET

On the basis of its application, as the global MET-PET cartons market has been segmented as-

  • Food & beverages
  • Milk
  • Yogurt
  • Cereal Packs
  • Others
  • Healthcare
  • Pharmaceutical
  • Personal care & cosmetics
  • Others

On the basis of its finishing, MET-PET cartons are segmented as –

  • Plain
  • Printed

On the basis of Region, MET-PET cartons are divided into seven region as –

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Middle East & Africa
  • Japan

 

About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Future Market Insights Inc.
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Pedicle Screw Systems Market to Hit US$ 284.6 Million by [2022-2032] | Future Market Insights

According to a recent market study by Future Market Insights (FMI), the global Pedicle Screw System Market was valued at US$ 4.46 billion in 2021 and is projected to reach US$ 6.46 billion by 2029, growing at a CAGR of 4.6% during the forecast period.

Data Points Market Insights
Market Value 2021 USD 4.46 Bn
Market Value 2022 USD 4.71 Bn
Market Value 2029 USD 6.46 Bn
CAGR 2022-2029 4.6%
Share of Top 5 Countries 73.7%
Key Players The key players in Pedicle Screw System Market are Medtronic plc, Aesculap Implant Systems LLC, Alphatec Holdings Inc., DePuy Synthes Inc., Evolution Spine LLC, Exactech Inc., Globus Medical Inc., Implanet SA, Life Spine Inc., NuVasive Inc., Orthofix Inc., Qualgenix LLC, RTI Surgical Inc., Solco Biomedical Co Ltd., Stryker Corp, Synthes Inc.

A recent market research study by Future Market Insights on the pedicle screw systems market includes a global industry analysis from 2014 to 2021 as well as an opportunity assessment for the years 2022 to 2029. The report examines the pedicle screw market and makes significant projections for the years 2022 to 2029. The report’s findings indicate that the global pedicle screw systems market is anticipated to experience significant growth over the forecast period due to a number of factors, including an expanding geriatric population worldwide with degenerative diseases.

Pedicle screw system sales were valued at $4.46 billion in 2021, and from 2022 to 2029, they are projected to increase at a CAGR of 4.6%. The main causes of this growth include the development of minimally invasive procedures to replace open spine surgeries, the increase in demand for short-segment surgical procedures, the rising incidence of delirium in the elderly population during the perioperative period, and other factors. More and more elderly patients are having pedicle screw systems implanted to treat lumbar degenerative diseases.

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East Asia’s Market Attractiveness Rising

North America and Europe are anticipated to hold relatively high shares in terms of value in the global pedicle screw systems market. However, the East Asia market is expected to project lucrative growth in the global pedicle screw market over the forecast period of 2019-2029. This growth in the region is propelled by rapid healthcare investments and favorable government policies in China to encourage many start-up companies including medical device companies engaged in pedicle screw production to setup their manufacturing facilities. Besides, presence of technologically advanced country such as Japan will also boost the growth of the pedicle screw system market in the region. Japan has been reaping the first-mover advantage banking on its technological primacy, which is further complemented by technological sophistication in elderly care within the country. New robotic system are thus being implanted for guiding the pedicle screw system implementation in elderly patients, thereby solidifying Japan’s position in the global market.

Considering the rising demand for pedicle screw systems in East Asia, many local as well as international manufacturers are focusing on the development of low-cost pedicle screw systems meant for spinal navigation. There is also a growing trend in China to manufacture pedicle screw systems or spinal implants using titanium alloys. Pedicle screw systems including screws, rods, cages and plates are being manufactured with titanium over steel, as they offer high tensile strength, enhanced durability, and lightweight properties. With increasing demand for titanium-based spinal implants in the region, it is attracting key players and local manufactures to invest more in the region.

Hospitals to Remain Key End Users of Pedicle Screw Systems

The global market of pedicle screw systems has been segmented on the basis of different material, multiple applications, and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East and Africa.

  • By material, titanium alloy is expected to witness significant adoption in the global pedicle screw systems market. Increasing demand for titanium alloy can be attributed to its physical endurance properties that make it as one of the safest and more reliable materials for spine surgical implants.
  • Rise in the use of pedicle screw systems for treating fractures is likely to result in increased market share during the forecast period. Growing number of road accidents, trauma, orthopedic, degenerative disc disease, fracture, dislocation and spinal tumor offers substantial market potential for pedicle screw system. Further, introducing advanced pedicle screw system based on instrumentation design for smooth implantation, and increasing their applications in numerous surgical spine facture procedures will help in leveraging untapped market opportunities.

Pedicle Screw Systems Market: Manufacturer Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global pedicle screw market. Some of the examples of key players in the global pedicle screw systems market are Medtronic plc, DePuy Synthes Inc, Zimmer Biomet Inc, Stryker Corp, Orthofix Inc and NuVasive Inc., among others.

The global pedicle screw systems market is significantly consolidated with some players holding prominent shares of the market. These players are offering pedicle screw systems under their popular brands such as CD Horizon® Spinal System, EVEREST Minimally Invasive and EXPEDIUM® System, among others.

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Pedicle Screw System Market by CategoryBy Product:

  • Cervical Pedicle Screw Systems
  •  Thoraco-Lumbar Pedicle Screw Systems

By Material:

  •  Stainless Steel
  • Titanium Alloys
  • Unalloyed Titanium

By Application:

  • Spondylolisthesis
  • Fracture
  • Scoliosis
  • Spinal tumor
  • Failed fusion
  • Others

By Level of Surgery:

  • One-level Pedicle Screw Systems
  • Two-level Pedicle Screw Systems
  • Three-level Pedicle Screw Systems
  • Four-level and higher Pedicle Screw Systems

By End-User:

  • Hospitals
  • Ambulatory Surgery Centers
  • Specialized Clinics

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

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About FMI                     

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:                                        

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/pedicle-screw-systems-market
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Sugarcane Based PET Bottles Market North America to hold the largest market size during the forecast period — Future Market Insights

This Sugarcane Based Pet Bottles market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study.

This study is one of the most comprehensive documentation that captures all the facets of the evolving Sugarcane Based Pet Bottles market.

Sugarcane Based PET Bottles Market: Overview

Sugarcane based bottle is the biopolymer packaging solution which is manufactured from bagasse, the fibrous material left behind after extracting sugarcane juice. These bottles are recognized as ‘Green Polyethylene bottles’ which has zero harmful impact on the environment. The sugarcane is effectively capturing CO2 i.e., 1 kilogram of green plastic helps to remove approximately 3.09 kilograms of CO2 from the air.

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As the sugarcane based PET bottles are Bisphenol A (BPA) free, the demand for these bottles is consistently increasing across the world. The market of sugarcane based PET bottles is dynamic. With the technological advancement, key players are focussing on the manufacturing of non-toxic, and high strength sugarcane based PET bottles.

These PET bottles consist of high resistance to breakage, hence increasing preference for sugarcane based PET bottles by the end-user is observed during transportation.

The demand for a safe and hygienic packaging solution for juice, milk, and other household products will lead to an exponential growth of sugarcane based PET bottles market during the forecast period.

Sugarcane Based PET Bottles Market: Dynamics

The driving forces for boosting the growth of sugarcane based PET bottles are fluctuating price of crude oil and high resistance to breakage. Additionally, the key factor responsible for increasing the demand of sugarcane based PET bottles is the increasing awareness about the negative impact of non-degradable plastic on the environment.

Growing preference of sugarcane based PET bottles is witness among the end-users, as it is easily recyclable, and no carbon footprints are released in the environment. The sugarcane based PET bottles market in increasing on the backdrops of increasing food and beverages sector.

Leading beverages suppliers such as Coca-Cola are using sugarcane based PET bottles for packaging. About 30% of coke bottles in North America are manufactured from sugarcane. Besides this, increasing consumption of packed mineral water also creating lucrative opportunities for sugarcane based PET bottles market.

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Sugarcane Based PET Bottles Market: Regional Overview

The global market of sugarcane based PET bottles is lead by North America. It is witness that, the demand for sugarcane PET bottles is surging into the United States due to its strength and eco-friendly material source.

Along with this, potential growth of this market is expected in Canada. The Asia Pacific region is accounted for the fasted growing region and contributing to a significant boost for sugarcane based PET bottles market. The low production cost and abundant availability of raw material such as sugar and molasses in this region are the key success factors for flourishing this market. India and China are the leading markets in this region.

Sugarcane Based PET Bottles Market: Key Players

The key players of sugarcane based PET bottles market are given below:

  • Raepak Ltd.
  • Maynard & Harris Plastics – RPC Group
  • Kaufman Container
  • VeganBottle
  • Pretium Packaging

Owing to the increasing demand among consumers and the benefits of using biodegradable PET bottles, it is witness that many new players are entering the market. This includes startups, small and medium scale industries, and other key players which contributes to significant revenue generation in the global market.

Sugarcane Based PET Bottles Market: Recent Developments and Trends

  • On 7th February 2019, Pretium Packaging initiated biobased sports nutrition bottle line. The company is manufacturing bottles using sugarcane based polyethylene.
  • On 1st March 2018, RPC M&H Plastics won Innovative Showcase Award 2018 in Packaging Innovations at Birmingham for flexible tubes bottles manufactured from sugarcane biopolymer.
  • On 3rd December, a South Africa based company, Air Water Company initiated manufacturing of 100% biodegradable bottles manufactured from sugar cane fiber and polylactic acid. As per the Founder and CEO of AIrwater Mr. Ray De Vries, if sugarcane bottle is kept for decomposition, then the bottle will disappear in 150 days and will be converted into nutrients for the soil. Furthermore, is the sugarcane based PET bottle is burn then it will result into nontoxic energy fuel.
  • On 23 August 2018, a Brazil-based petrochemical company United Caps and Braskem have collaborated with United CAPS for manufacturing sugarcane based plastic closures for bottles.

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Latest Market reports: https://www.futuremarketinsights.com/reports

 

MRI Pulse Oximeters Market Worth US$ 36.5 Mn by [2022-2028] | Future Market Insights

Global sales of MRI pulse oximeters were valued at ~US$ 31.6 million in 2022, is predicted to increase at a CAGR of 2.5% to reach a valuation of US$ 36.5 Mn by 2028. As per the research findings of a new study by Future Market Insights (FMI), constant technological advancements in medical devices that target improved efficiency and convenience, have been sustaining the use of MRI pulse oximeters.

MRI Pulse Oximeters Market Size (2022) US$ 31.6 Mn
Sales Forecast (2028) US$ 36.5 Mn
Global Market Growth Rate (2022 to 2028) 2.5% CAGR
Share of Top 5 MRI Pulse Oximeter Manufacturers 50%

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A notable increase in the prevalence of chronic diseases has led to surge in the sales of high-end diagnostic machines, including those for MRI, and CT scanners, which in turn foster the demand for MRI pulse oximeters. Developed with non-magnetic components, MRI-compatible pulse oximeters have been gaining ground in early detection of critical congenital heart defects (CCHD) by accurately measuring the blood oxygen value of a newborn.

FMI study estimates that the MRI pulse oximeters market will register a CAGR of 2.5% during the given timeframe. High costs associated with MRI procedures have been creating a wave of reluctance among healthcare professionals and patients to adopt MRI pulse oximetry testing.

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Wireless MRI Pulse Oximeters Capture Significant Shares

Aligning with the rapid development of state-of-the-art medical devices and technologies, market players continue to increase the production of wireless MRI pulse oximeters that need not be connected to MRI machines. Operated through infrared (IR) or Bluetooth technology, wireless MRI pulse oximeters have also witnessed higher innovations and investments as compared to wired variants. As 6 in 10 units of MRI pulse oximeters sold in 2021 are wireless, manufacturers are specifically focused in this category. Additionally, MRI pulse oximeters without monitor continue to account for greater revenue share over their counterparts, as they can be coupled with a wide range of monitors.

According to the study, while business growth strategies remained influenced by the increasing adoption of MRI pulse oximeters in hospitals, manufacturers are working towards capitalizing on diagnostic laboratories and ambulatory surgical centers for expanded customer base. Increasing patient visits in well-equipped laboratories for complete diagnosis of diseases has also led to realignment of these strategies.

Growth prospects of the MRI pulse oximeters market, as identified by the FMI study, are high in North America. Heavy investments in R&D activities on medical devices and technologies along with favorable reimbursement scenario in the region are likely to offer lucrative opportunities for the market players. In addition, manufacturers are viewing Asia Pacific from target market perspective, considering increasing healthcare expenditure and growing awareness of new medical devices in the region.

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Key Key Segments of MRI Pulse Oximeters Industry Research

MRI Pulse Oximeters Market by Product Type:

  • Wired MRI Pulse Oximeters
  • Wireless MRI Pulse Oximeters

MRI Pulse Oximeters Market by Modality:

  • Sensors with Monitors
  • Sensors without Monitors

MRI Pulse Oximeters Market by End User:

  • Hospitals
  • Diagnostic Laboratories
  • Ambulatory Surgical Centers

MRI Pulse Oximeters Market by Region:

  • North America MRI Pulse Oximeters Market
  • Latin America MRI Pulse Oximeters Market
  • Europe MRI Pulse Oximeters Market
  • East Asia MRI Pulse Oximeters Market
  • South Asia & Pacific MRI Pulse Oximeters Market
  • Middle East & Africa (MEA) MRI Pulse Oximeters Market

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About FMI                     

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:                                        

Future Market Insights Inc.
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T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/mri-pulse-oximeters-market
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EVOH for Packaging Market – Global Revenue Growth Expectations in the Near Future

Introduction and Need of the Product: EVOH, also termed as Ethyl Vinyl Alcohol Copolymer, is a high oxygen barrier material which is widely used for the perishable food packaging applications. It is commonly used as a barrier film in the prevailing flexible and rigid packaging formats such as pouches, bags, etc. through the co-extrusion process, to protect food items from oxygen ingress. Widespread use of the EVOH barrier material shifted the trend from metalized and foil film laminations to co-extruded barrier films.

EVOH can be easily co-extruded with almost all types of polyolefin, polyamides, and other materials through standard co-extrusion equipment. The material is hydrophilic in nature, that’s why it needs to be dried before co-extrusion processing. EVOH resins have very poor adhesion characteristics which create a need for functionalized adhesive resins i.e. tie resins. Tie resins are used to bond the other polymeric material to the EVOH material layer in the packaging structures.

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However, the EVOH material possesses high thermal stability when used in properly designed and efficient extrusion packaging systems under standard processing conditions. Most of the manufacturers in the flexible and rigid packaging market are preferring EVOH as a barrier resin over conventional PVDC resins, due to its environment-friendly and efficient characteristics.

Structure & Technology of EVOH Resins for Bottle Application

Bottle:

  • PE/Tie/EVOH/Tie/Recycle/PP
  • PE/Tie/EVOH/Tie/Recycle/PE
    • Co-extrusion Blow Molding
  • PET/EVOH/PET/EVOH/PET
  • PET/EVOH/PET
    • Co-injection Stretch Blow Molding

Structure & Technology of EVOH Resins for Film Application

Film:

  • PE/Tie/EVOH/Tie/PE
  • PET/PE/Tie/EVOH/Tie/EVA
  • PE/Tie/EVOH/Tie/EVA
  • PE/Tie/PA/EVOH/PA/Tie/PE
  • PA/EVOH/PA/Tie/Lonmer
  • PA/EVOH/PA/Tie/PE
    • Co-extrusion Cast
    • Co-extrusion Blown Films

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EVOH for Packaging Market: Regional Overview

On the basis of region, the EVOH for Packaging market is segmented into seven regions which include North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, Middle East & Africa, and Japan. Europe and North Americas dominate the EVOH for Packaging market due to increasing sustainability rules and regulations to use eco-friendly packaging solutions.

Also, the EVOH for Packaging is cost-effective packaging product when compared to traditional PVDC barrier packaging solutions. Due to increase in the number of flexible and rigid packaging manufacturers in the region, the demand for EVOH for packaging will increase substantially in these regions.

However, it is estimated that the developing countries such as India, China, Brazil, etc. will create enormous opportunities for the new entrants due to low penetration of the EVOH manufacturers in the region. Japan and MEA region also offer untapped growth opportunities in the EVOH for packaging market.

EVOH for Packaging Market: Market Players

Some of the key players in the EVOH for Packaging market are Kuraray Europe GmbH, Nippon Gohsei (UK) Limited, Arkema S.A., Chang Chun Group, KUREHA CORPORATION, EVAL Europe NV, Soarus L.L.C., Gantrade Corporation, Waldorf Technik GmbH, SCHUR Flexibles GmbH, Coveris Holdings S.A., Flavorseal Llc, BUERGOFOL GmbH, and Flexopack S.A.

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EVOH for Packaging Market: Market Structure

EVOH for Packaging Market Tier 1 Companies: Kuraray Europe GmbH, Nippon Gohsei (UK) Limited, KUREHA CORPORATION

EVOH for Packaging Market Tier 2 Companies: Chang Chun Group, Arkema S.A., EVAL Europe NV, Soarus L.L.C., SCHUR Flexibles GmbH

EVOH for Packaging Market Tier 3 Companies: Gantrade Corporation, Waldorf Technik GmbH, Coveris Holdings S.A., Flavorseal Llc, Buergofol GmbH, and Flexopack S.A.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

EVOH for Packaging Market Segmentation: By Processing Methods

  • Co-extruded film extrusion (blown or cast)
  • Monolayer film extrusion (blown or cast)
  • Co-extrusion blow molding
  • Sheet co-extrusion
  • Co-extrusion coating
  • Injection molding
  • Laminating

EVOH for Packaging Market Segmentation: By Product Application

  • Flexible Films
  • Bottles
  • Trays
  • Bag-in-box
  • Pipes
  • Laminated Tubes
  • Others

EVOH for Packaging Market Segmentation: By End Use

  • Food
  • Meat, Poultry, and Seafood
  • Pet Food
  • Baby Food
  • Others
  • Personal Care & Cosmetics
  • Household
  • Pharmaceutical
  • Others

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