Market Research Blog – Page 10058 – New Product Development

Biodegradable Packaging Market is projected to reach US$ 809.9 Bn by the end of 2032

The global biodegradable packaging market is anticipated to reach US$ 448.2 Bn in 2022 and continue to grow at a CAGR of 6.1% from 2022 to 2032, according to data from Future Market Insights. By the end of 2022, it is predicted that the top 3 nations will control about 25–30% of the global market for biodegradable packaging. The biodegradable packaging industry will surpass US$ 440 Bn in 2021, per the FMI estimate.

The market for biodegradable packaging is expected to grow at a CAGR of 6.1% from 2022 to 2032. The top five major manufacturers are expected to control 20–25% of the worldwide biodegradable packaging market by 2022, increasing the demand for the biodegradable paper packaging segment by the material.

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Beyond Traditional Lightweighting Efforts, Fast-Moving Consumer Goods (FMCG) Producers And Retailers Are Rapidly Growing
In the past, to reduce their packaging costs, FMCG companies and retailers prioritised quick wins like cutting weight and material usage. Flexible packaging and pouches have mainly taken the place of more rigid packaging designs as a result of these changes.

Producers and retailers of packaged goods have made commitments to lessen packaging waste in recent years, nevertheless. Nearly all of the top 100 companies that manufacture fast-moving consumer goods have publicly committed to stepping up their sustainability efforts in the next years.

Cost pressures, e-commerce and digitization, as well as changing consumer preferences, are all major industry developments affecting the packaging solutions sector at the same time. These trends are combining with sustainability-focused programmes that emphasise innovation and the need for change

How does the Trend for Bagasse Packaging Create a Growth Opportunity for the Biodegradable Packaging Market?

Bagasse is a dry, pulpy, fibrous remnant of crushed sugarcane or sorghum. It is commonly used in the manufacturing of food packaging and serving elements. Bagasse is 100% biodegradable and has no negative effects on the environment. Uncoated bagasse can easily be composted at home, and it degrades within sixty days. Ongoing research on bagasse concludes that the material can withstand hot and cold food and can also be microwaved and frozen. Government regulations for single-use plastics could greatly fuel the bagasse packaging trend which directly impacts the market growth of biodegradable packaging.

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Competitive Landscape

The key players operating in the biodegradable packaging market are focusing on expanding their capacities and resources to meet the growing demand for sustainable packaging including biodegradable packaging by establishing the new plant. Also, the key players are adopting collaboration & joint venture strategies to increase their presence and resources. Some of the key developments are as follows–

In April 2022, Karat Packaging Inc. announced a joint venture agreement with Happiness Moon, Co. Ltd. (Happiness Moon) to build a new factory in Taiwan for manufacturing compostable foodservice products from bagasse.
In March 2022, Mondi made an investment of US$ 285 Million in corrugated packaging to accelerate the sustainable growth plans of the company.
In January 2022, Smurfit Kappa announced the investment of USD 33 Million in its Fortaleza plant, Brazil, to expand its capacity to meet the growing demand for innovative and sustainable packaging.

Biodegradable Packaging Market by Category

By Material, Biodegradable Packaging Market is segmented as:

Paper & Paperboard
Bio-plastic
- Polylactic Acid (PLA)
- Cellulose-based
- Starch-based
- Polybutylene succinate
- Others (Protein-based plastics etc.)
Bagasse

By Packaging Format, Biodegradable Packaging Market is segmented as:

Bottles & Jars
Boxes & Cartons
Cans
Trays & Clamshells
Cups & Bowls
Pouches & Bags
Films & Wraps
Labels & Tapes
Others (Stick pack, Sachets, etc.)

By End Use, Biodegradable Packaging Market is segmented as:

Food & Beverage
Personal Care & Cosmetics
Pharmaceuticals
Homecare
Other Consumer Goods

By Region, Biodegradable Packaging Market is segmented as:

North America
Latin America
Europe
South Asia
East Asia
Middle East & Africa
Oceania

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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.

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Paper Recycling Market: Overview, Data Updates, Reports Analysis & Forecast | FMI

Increasing urbanization and middle class population with surge in literacy rates in the developing countries such as India, China, and Brazil will create the huge demand for paper products such as newsprint, packaging, and writing paper. Also, changing consumer preferences towards convenient packaging solutions along with sustainability in mind will diminish the demand for plastic packaging and hence fuel the paper and paperboard industry.

Despite being highly recyclable material, PET material is not yet recycled more than 30% of its annual consumption. Growing concern towards polymer-based products will not only diminish its future prospects but simultaneously increase the demand for paper and paperboard which is fully bio-degradable in nature. Recycling of paper has become a major trend in the paper and paper board industry, primarily due to unavailability or scarcity of the raw material. Recycled paper is the major source of the raw material for most of paper mills in the developing as well as developed countries.

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Recycling of paper not only saves more and more natural resources but also saves lots of manufacturing expenses. Primary application for the recycled paper are the newsprint paper, printing & writing paper, and packaging products.

Paper Recycling Market: Market Dynamics

Paper recycling market has witnessed significant growth in the last few years due to increasing concern over depleting environmental resources. The demand for recycled paper is increasing at a CAGR of more than 7-8% annually in the developing countries.

Major challenges in the paper recycling market is the high cost of machinery, inefficient waste paper collection and segregation system, and high competition from the international players.

Primary focus of the local paper recyclers is to establish proper collection and segregation systems to facilitate the collection of the waste paper in the region. Leading recycling companies are establishing automatic and highly efficient recycling systems to curb high manufacturing cost and eliminate labor intensive operations by automating the existing process.

There are lots of opportunities in the paper recycling market in the developing countries such as China because it is the leading importer of the waste paper in the world. This scenario could be reversed by the increase in domestic production of the recovered paper in the country.

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Paper Recycling Market: Regional Overview

On the basis of region, the Paper Recycling market is segmented into seven regions which include North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, Middle East & Africa, and Japan. Approximately more than 57 million tons of paper is collected in the Europe for recycling activities.

And the collection rate is steadily increasing, exceeding 50% every year. Also, more than 50% of the raw material demand in the Europe is fulfilled by the recycled paper. Newsprint, followed by packaging products, is the largest end use application of the recycled paper.

Paper Recycling Market: Market Players

Some of the key players in the Paper Recycling market are

Hanna Paper Recycling, Inc.,
International Paper Company,
DS Smith Recycling Holding B.V.,
Waste Management Inc.,
WestRock Company,
WM Recycle America, LLC,
Sonoco Recycling LLC,
Caraustar Industries, Inc.,
Pratt Industries, Inc.,
Saica Group,
Ricova Recycling.

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.

Paper Recycling Market: Market Segmentation

Paper Recycling Market Segmentation: By Source of Collection

Industries
Offices
Households

Paper Recycling Market Segmentation: By Application

Newsprint Paper
Cardboard
Writing & Printing Paper
Packaging Products

Paper Recycling Market Segmentation: By Collection & Segregation Channel

Kerb-side Pick-up
Paper Bank Collection
Municipal Solid Waste (MSW) Collection

Paper Recycling Market Segmentation: By End Use Industries

Food & beverages
Retail
Electrical & Electronics
Printing & Paper
Building & Construction
Others

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Greyboard Market | Global Industry Growth, Size, Share and Forecast 2028

This Greyboard 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 Greyboard market.

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Greyboard Market: An Overview

Greyboard is a 100% recycled, low grade thick sheet. Greyboard also known as chipboard, is considered as a more economical alternative of wooden boards. With the rising concerns regarding the usage of plastics have resulted in hiked demand for paperboard packaging solutions which has aided in growth of greyboard market globally.

Greyboard is available in many grades and can also be lined using polyethylene, silicon, Kraft linings as well as polyester. Greyboard is chiefly used for making inserts & dividers, book covers, folding cartons and more. Manufacturers are using greyboard to reduce their overall packaging cost incurred.

Greyboard is used for the manufacture of various protective packaging solutions such as inserts & dividers. With the growing applications of protective packaging in various end use industries, the demand for greyboard is expected to grow over the next few years.

Greyboard Market: Dynamics

Greyboard is used in a wide range of applications owing to its light-weight and cost effectiveness. Also, it is recyclable, which makes it an environmentally friendly solution for packaging. Food & beverage packaging industry followed by electronic goods is expected to represent immense growth opportunities for greyboard market which can be attributed to increasing adoption of greyboards in shipping and storing of products.

However, greyboard has a raw unfinished appearance which is why it does not have much visual appeal. This restricts the areas of application of a greyboard for point of sale display packaging. In addition to this, greyboard is not considered apt for superior quality printing as they are made from low grade recycled sheets. These factors might hamper the growth of greyboard market during the forecast period.

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Greyboard Market: Regional Outlook

Geographically, the global greyboard market has been segmented in seven key regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan (APEJ), Middle East and Africa (MEA) and Japan.

The global greyboard market is expected to grow at a healthy CAGR over the forecast period. The fast paced growth of retail chains and packaged goods in the developing countries of Asia Pacific is expected to boost the demand for greyboard in the coming years.

Mexico is expected to bolster the automotive and construction sector in Latin America. Growth in these sectors is expected to buttress the growth of greyboard in the region. In the developed countries, the demand for greyboard is expected to be majorly driven by the growing demand of protective packaging solutions.

Manufacturers are using inserts and dividers for beverage packaging. On the backdrop of increasing consumption of both alcoholic and non-alcoholic beverages in the region, the greyboard market is expected to attain substantial growth.

Greyboard Market: Key Players

Some of the key players operating in the global greyboard market are

Smurfit Kappa Group plc,
Skjern Papirfabrik A/S,
Preston Board & Packaging Ltd.,
Doric Anderton Ltd.,
Corenso United Oy Ltd.,
EskaBoard Ltd.,
Jai Vijaya Paper & Boards Pvt Ltd.,
Venkateshwara Boards Pvt. Ltd.,
Emami Paper Mills Ltd,
Galaxy Papers Pvt. Ltd.

and more. Many other local and unorganized players are expected to contribute to the global greyboard market during the forecast period.

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Greyboard Market: Segmentation

Globally the greyboard market has been segmented as thickness, applications and end uses.

On the basis of thickness, the global greyboard market has been segmented as follows

5 mm – 1 mm
1 mm – 1.5 mm
5 mm -2 mm
2 mm and above

On the basis of applications, the global greyboard market has been segmented as follows

Edge protectors
Folding cartons
Pallet sheets
Writing pads
Inserts & dividers
Others (Book covers etc.)

On the basis of end uses, the global greyboard market has been segmented as follows

Food & Beverage packaging
Personal Care & Cosmetics packaging
Automotive packaging
Industrial Goods packaging
Pharmaceutical packaging
Others

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Corrugated Wrap Around Market Analysis and Market Studies for 2028

Corrugated wrap around are suitable for automatic production lines, they are also known as wraps. In manufacturing of such boxes, a die cut packaging is formed around the corrugated packaging.

These packaging ensure strength and protect products such as tetra pack, bottles or gable tops. Corrugated wrap around provides secure positioning and tightness, act as an ideal solution for contents that required limited vertical compression strength.

They are made up of either corrugated board, and provide more cost effective solution than a regular boxes. These boxes can be customizable as per the requirements. Corrugated wrap around is an effective solution for retail industry.

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Corrugated wrap around market scenario

Corrugated wrap around can reduce the amount of corrugated board used by up to 25%-30%. In addition, it provides savings in warehouse space and lower handling cost. Corrugated wrap around are used for the packaging of bottles, cans, jars and various other products.

Tightly wrapped cases enhance stacking capacity and help reduce damage caused by goods and products shifting during handling and shipping. For additional strength, partitions can be inserted into the corrugated wrap around. They are increasingly present in retail ready environment.

Also, they provide good printability, so they be used as an effective solution for branding and promotion of products. Corrugated wrap around cases are manufactured with tear strips so they can be transformed from a pack to a point of sale displays in very less time.

Features and benefits of corrugated wrap around

Provides high quality printability for excellent product presentation.
Imparts tighter packaging than regular boxes, secure product during transportation and reduces rates of damage.
Helps in increasing sales due to eye-catching presentation.
They are made up of recyclable material, so no harm to environment.
They can be customizable as per the requirements.
This is economical compared to other boxes.

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Companies operating in the corrugated wrap around market

Tier 1 Companies, revenue above US$ 15 Mn:

Mondi Group
Smurfit Kappa
DS Smith
Georgia-Pacific LLC
International Paper Co.

Tier 2 Companies, revenue between US$ 10 Mn to US$ 15 Mn

GWP Group
WestRock Company
Packaging Corporation of America
Easternpak Corrugated Packaging
Unipakline
Planet Paper Box Group Inc.
Green Bay Packaging Inc.

Segmentation

The corrugated wrap around market is segmented on the basis of board grade, flute type and end use.

On the basis of board grade, the corrugated wrap around market has been segmented as:

Kraft paper
Partly/Fully recycled liner paper
Bleached kraft paper
White coated liner
Others

On the basis of flute type, the corrugated wrap around market has been segmented as:

E flute
B flute
C flute
Others

On the basis of end use, the corrugated wrap around market has been segmented as:

Food & Beverages
Retail
Shipping

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Reconditioned IBC Market: Top Trends and industry overview to watch for in 2028

Intermediate bulk containers (IBCs) are large-size vessels usually used to ship and stock commodities / raw materials, bulk hazardous chemicals, petrochemical products, etc. With growing international trade, the demand for ocean transportation containers has witnessed a steep growth and has driven the market for intermediate bulk containers.

Escalating environmental concerns over recycling / disposal of rigid bulk containers have led to new stringent regulations, thus compelling end users to recover their packaging solutions. Now, re-use of intermediate bulk containers with the previous waste / residues may lead to cross contamination.

Hence, bulk industrial packaging manufacturers are out to provide reconditioning services. Reconditioned IBC under-go numerous process and are finally purified from all its previously left residues.

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Reconditioned IBC Market: Regional Outlook

The global reconditioned IBC market is segmented into seven regions, namely, Latin America, North America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

By the end of 2017, North America is expected to account for the largest market share in the global Reconditioned IBC market followed by Asia-Pacific and Western Europe. Asia-Pacific region comprising countries like India and China are anticipated to witness the highest growth due to increase in industrial trade and globalization especially among its developing economies.

Reconditioned IBC Market: Dynamics

Across the globe, the declined rate to scrap rigid containers on the backdrop of rising inclination towards reconditioned services have led to lower packaging waste. Lucrative growth opportunities in the industrial chemical packaging industry is expected to lead increased demand for reconditioned IBC and are expected to witness rising growth over the forecast period.

Reconditioned IBC Market: Company Developments and Industry Level Trends

Key market participants all across the globe that operate in the bulk industrial rigid packaging market have focus towards collaboration / acquisition with regional as well as unorganized local players who provide reconditioning services.

In August 2018, General Steel Drum LLC (“GSD”), a family owned business announce the acquisition of Cleveland, Ohio based North Coast Container (“NCC”) thus servicing the new steel drum, reconditioned drum & IBC needs of its respective customers.
ACN is a recognized national player in the North American steel drum reconditioning industry. In 2010, The Mauser Group announced the takeover of the business of American Container Net, Inc. (ACN) along with its wholly owned subsidiary, Strawser Steel Drum of Ohio, Ltd. (SSD).

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Reconditioned IBC Market: Key Players

Some of the key players currently operating in the global Reconditioned IBC market are:

Mauser Group B.V.
Greif, Inc.
The Cary Company
Schutz Container Systems, Inc.
Recontainers Ltd.
Industrial Container Services, Inc.
Mitchell Container Services, Inc
General Steel Drum LLC
Rahway Steel Drum Co Inc.
Metal Drum Co Ltd/The
James G Carrick & Co Ltd
Izvar Ambalaj Sanayi VE Ticaret AS
Clouds Drums Dubai LLC
Skolnik Industries Inc.

The report on Reconditioned IBC is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain.

The Reconditioned IBC report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Reconditioned IBC report also maps the qualitative impact of various market factors on market segments and geographies.

Global Reconditioned IBC Market: Segmentation

The global reconditioned IBC market can be segmented on the basis of material, size/capacity, reconditioning pattern, and the end use

The global reconditioned IBC market can be segmented on the basis of material type into:

Plastic Intermediate Bulk Containers
Composite Intermediate Bulk Containers

The global Reconditioned IBC market can be segmented on the basis of size/capacity into:

Reconditioned IBC with Capacity Up to 150 Gallons
150- 225 Gallons
225-300 Gallons
Capacity of 300 Gallons and above

The global reconditioned IBC market can be segmented on the basis of reconditioning pattern into:

Rebottled IBC
Non-UN Approved Reconditioned IBC
UN Approved Reconditioned IBC
Washed IBC
Non-UN Approved Reconditioned IBC
UN Approved Reconditioned IBC

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Pharmaceutical Glass Tubing Market: Overview, Data Updates, Reports Analysis & Forecast | FMI

The Glass is the most widely used packaging material for the pharmaceutical industry. Most of the primary packaging products, such as bottles, ampoules, vials, syringes, etc., in the industry are made up of the glass material. Pharmaceutical tubing is used as a raw material by the pharmaceutical packaging companies to manufacture primary packaging products.

The glass tubing is supplied by the major international companies such as Corning, Schott, etc. There are four types of glass tubing supplied by the glass manufacturers to packaging manufacturers. The most prominent glass type which is used for pharmaceutical glass packaging is Glass Type I. Type I glass is also known as ‘Borosilicate Glass’, which possesses exceptional chemical stability and high heat resistance to thermal shock and sudden temperature change.

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For protection from sunlight, Low alkali extractable such as Fe2O3, Ti2O3, or MnO could be added to Type I glass to produce Amber Borosilicate Glass. Type III glass is also known as ‘Soda Lime Glass’ which is used to produce pharmaceutical bottles to store only solid drug products due to their low chemical resistance properties. Pharmaceutical glass tubing plays a major role in the manufacturing process of pharmaceutical parental containers.

Pharmaceutical Glass Tubing Market: Market Dynamics

The pharmaceutical glass tubing market is highly consolidated with the three market players i.e. Corning Pharmaceutical Glass, Schott AG, and Nipro Pharmaceutical Packaging. All of these companies together account for more than 30% market share in the pharmaceutical glass tubing market.

Due to high growth in the demand for the pharmaceutical parental packaging products, the pharmaceutical glass tubing market will witness an impressive CAGR of 5%-6% in the next 6-7 years. However, it is little difficult for the new entrants to capture significant market share in the market due to the predominance of few players. Companies present in the market are planning to invest in the developing countries such as China, India, etc. to strengthen their supply chain and serve new customers in the market.

Some of the key developments observed in the pharmaceutical glass tubing market are:

In November 2017, Schott AG has started a new manufacturing facility in the China to manufacture ampoules, vials and cartridges made of glass tubing for the domestic pharma industry.
In January 2017, Schott AG has integrated a specially developed big data solution in its glass tubing manufacturing facility to improve quality standards.
In November 2015, Corning Incorporated completed the acquisition of the Gerresheimer’s Pharmaceutical Glass Tubing Business for US$ 242 Mn.

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Pharmaceutical Glass Tubing Market: Regional Overview

On the basis of region, the Pharmaceutical Glass Tubing market is segmented into seven regions which include North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, Middle East & Africa, and Japan. The North America and Europe dominate the pharmaceutical glass tubing market due to high presence of the tubing manufacturers and pharmaceutical companies in the region.

Companies such as Schott, Nipro, etc. account for significant market share and hold dominant position in the market. It has been observed that the sales revenue of these companies has increased at a good rate in the last few years which reflects a high growth in the market.

Pharmaceutical Glass Tubing Market: Market Players

Some of the key players in the Pharmaceutical Glass Tubing market are

Schott AG,
Nipro Pharma Corporation,
Corning Incorporated,
Nippon Electric Glass Co., Ltd.,
Accu-Glass LLC.,
Richland Glass Co., Inc.,
Cang Zhou Four-star Glass Co.,Ltd.,
LINUO Group,
DWK Life Sciences GmbH,
Puyang New Harmony Industrial Development Co., LTD,
Shandong Pharmaceutical Glass Co, Ltd.

Pharmaceutical Glass Tubing Market: Market Structure

Pharmaceutical Glass Tubing Market Tier 1 Companies: Schott AG, Nipro Pharma Corporation, Corning Incorporated

Pharmaceutical Glass Tubing Market Tier 2 Companies: Nippon Electric Glass Co., Ltd., DWK Life Sciences GmbH, Shandong Pharmaceutical Glass Co, Ltd.

Pharmaceutical Glass Tubing Market Tier 3 Companies: Accu-Glass LLC., Richland Glass Co., Cang Zhou Four-star Glass Co.,Ltd., LINUO Group, Puyang New Harmony Industrial Development Co., LTD.

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Bamboo Straws Market Global Industry Analysis, Size and Forecast 2028

Plastic products are supposed to degrade our environment at a rapid rate. Manufacturers are looking forward to sustainable alternatives to plastic. Straws are widely used among people for drinking beverage, juice or other drinks. Consumers all over the world use plastic straws.

Nowadays, manufacturers are inclined towards the introduction of sustainable products which reduces the usage of plastic. One such product is bamboo straw, thus preventing plastics from entering and polluting the environment. These bamboo straws are anti-bacterial and reusable.

Bamboo is one of the fastest growing plants on earth, which makes it a sustainable material. Bamboo contains a binding agent, named as ‘bamboo kun,’ it is found within its fibers. The purpose of bamboo kun is to fight against any parasite or fungus that tries to grow on it, certainly making bamboo a hygienic material to use.

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Bamboo straws are perfect to use as drinking straws for hot drinks and cold drinks, such as smoothies or hot coffees. Bamboo straws are an environmental-friendly alternative to plastic products. These are expected to fuels the growth of the global bamboo straws market during the forecast period.

Demand for alternative solutions to Plastic

It is found that about 1 billion plastic straws are used every day worldwide. The government in various nations impose restrictions on plastic straws. Bars and restaurants around the world are finding new ways to replace plastic straws that have become a necessary part of dining, whether a fast food outlet or a restaurant.

Bamboo straws provide a sustainable alternative to the plastic straws. Recently, some regions in the United States such as Seattle and California have prohibited restaurants from handing out plastic straws unless requested by a customer. Countries such as Costa Rica, South Africa, and Thailand have also been shifting to straws made of sustainable products such as bamboo, paper or wood instead of plastic.

Bamboo Straws: An alternative to Plastic Straws

Why use Bamboo?

It is one of the world’s fastest growing plants that means it is a sustainable solution for straw manufacturing. Some species of bamboo grow as fast as one meter a day.
Also, bamboo has physical and mechanical properties which makes it a perfectly sustainable alternative to plastic.
Bamboo is durable and robust, also it has no sharp edges which makes bamboo straws a safe for children to use.
The best advantage to use bamboo straw is that it is eco-friendly, natural & organic and reusable.
It can be used as a drinking straw for both hot and cold drinks alike, whether it is chilled smoothies or hot coffee.

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Companies operating in global bamboo straws market

Straw Free
Buluh Straws
Anji Wuyuan Bamboo Products Factory
Bamboo Straws Worldwide
Zone Bamboo Straws
Simply Straws
Kimberley-Clarke Corporation
Bambu

Segmentation

The bamboo straws market has been segmented on the basis of length, application and end use.

On the basis of length, the global bamboo straws market has been segmented as:

Up to 9 cm
15 cm
20 cm

On the basis of application, the global bamboo straws market has been segmented as:

Beverages
Juices and Drinks
Others

On the basis of end use industry, the global bamboo straws market has been segmented as:

Restaurants
Hotels
Bars & Cafes
Others

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Weight Management Market is expected to garner US$ 725.6 Billion from 2022 to 2032 | FMI

[307 Pages Report] The global weight management market is expected to secure US$ 725.6 Billion while recording a CAGR of 7.7% during the forecast period from 2022 to 2032, according to a recently published market research report by Future Market Insights. Increasing adoption of a sedentary lifestyle is expected to drive the global weight management market.

As per the Institute of Health Metric and Evaluation, 30% of the world’s population is obese. Obese is one of the major health challenges in developed and developing countries. Also, the rising volume of bariatric surgeries and rising adoption of online weight loss & management programs are anticipated to positively influence the industry in forecast period.

Weight Management Market CAGR (2022-2032)	7.7%
Weight Management Market (2022)	US$ 345.5 Billion
Weight Management Market (2032)	US$ 725.6 Billion

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The growing prevalence of obesity among the expanding population is expected to propel the market expansion during the forecast period. As per the World Obesity Atlas 2022, one billion people globally, including 1 in 5 women and 1 in 7 men, will be living with obesity by 2030. This significant rise in the number of obese patients is anticipated to drive demand for an efficient weight management system. Further, growing awareness about weight management and obesity among developing nations is expected to drive market growth in the coming period.

Increasing strategic collaborations of players with each other are expected to drive market growth during the forecast period. In September 2019, Currax Pharmaceutical disclosed the acquisition of Nalpropion Pharmaceuticals. This acquisition resulted in the addition of Contrave anti-obesity medication to Currax’s product portfolio. Similarly, in November 2019, Novo Nordisk collaborated with UNICEF to prevent children from obesity. Such partnerships among players are expected to benefit the industry growth during the forecast period.

Lack of awareness regarding obesity and the inability to afford premium health club memberships among developing countries are expected to impact the market negatively in the forthcoming period. As per IQVIA, only 2% of the total obese population is treated with prescribed medicines. Further, the presence of a limited number of market players is another cause hindering the expansion. However, rising disposable income and increasing awareness about the alternatives for weight loss and management can propel market growth in the forecast period.

Key Takeaways from the Market Study

Weight management market to secure US$ 725.6 Billion during the forecast period from 2022-to 2032.
By equipment, the fitness equipment segment is anticipated to expand at a CAGR of 7.6% during the forecast period.
The weight management market to be dominated by the U.S while garnering US$ 250 Billion by 2032
Weight management industry in China is expected to expand at the highest CAGR of 6.8% during the forecast period
Weight management market in Japan is estimated to reach US$ 41.1 Billion by 2032

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“Increasing cases of obesity and the growing health concerns among baby boomers are expected to support the market expansion in the coming time,” remarks an analyst at FMI.

Competition Analysis

Key players in the industry include Herbalife Nutrition Ltd., NutriSystem, Inc., Weight Watchers International, Inc., eDiets.com, Inc., and Brunswick Corporation. Major developments in the market are:

In June 2022, Herbalife Nutrition, inked a sports nutrition partnership with Notre Dame shooting guard Blake Wesley, who has been training at the Herbalife Nutrition IMPACT Basketball Center.
In January 2021, Herbalife Nutrition, an eminent nutrition company, announced that it had inked an agreement to repurchase approximately US$ 600 million of the Company’s common share beneficially owned by Carl C. Icahn and certain of his affiliates at a price of US$ 48/05 per share.
In December 2020, Kainos Capital, a firm focused on specializing in managing food and consumer businesses, completed the acquisition of Nutrisystem from Tivity Health for US$ 575 Million. The private Capital Group of MSD Partners, LP partnered with Kainos Capital in the transaction in form of preferred and common equity investment.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global weight management market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Diet (Meals, Beverages, Supplements), Equipment (Fitness Equipment, Surgical Equipment), Services (Fitness Centers, Slimming Centers, Consultation Services, Online Weight Loss Services), & Region(North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).

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About the Healthcare Division at Future Market Insights

The healthcare team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Key Segments Profiled in the Global Weight Management Market Report

Global Weight Management Market by Diet:

Weight Management Meals
Weight Management Beverages
Weight Management Supplements

Global Weight Management Market by Equipment:

Weight Management Fitness Equipment
Weight Management Surgical Equipment

Global Weight Management Market by Services:

Weight Management across Fitness Centers
Weight Management across Slimming Centers
Weight Management Consultation Services
Weight Management through Online Weight Loss Services

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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HIV Antivirals Market is expected to reach US$ 47.0 Billion by the end of 2032

[300 Pages Report] The global HIV antivirals market is expected to be worth $30.6 billion in 2022, with a CAGR of 4.4 percent during the forecast period (2022-2032). According to a recent study, fixed-dose combinations (FDCs) will account for more than 83 percent of the HIV antivirals market in 2021.

According to Future Market Insights, the global HIV antivirals market was around US$ 29.4 Bn in 2021 and is expected to exhibit a CAGR of close to 4.4% over the forecast period (2022-2032).

The demand for HIV antivirals is increasing due to growing prevalence of HIV across the globe. For instance, according to the Joint United Nations Programme on HIV/AIDS (UNAIDS), approximately 37.7 million people were infected with HIV in the world in 2020.

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Market Outlook:

Data Points	Market Insights
HIV Antivirals Market Value 2021dg	US$ 29.4 Bn
Market Value 2022	US$ 30.6 Bn
Market Value 2032	US$ 47.0 Bn
CAGR 2022-2032	4.4%
Market Share of Top 5 Countries	64.8%

Further, demand for HIV antivirals will also surge amid surging rate of unprotected sex and the use of contaminated needles or syringes. As per the National Youth Risk Behavior Survey provided by the Centers for Disease Control and Prevention (CDC), 38% of the respondents had sexual intercourse, and 9% had four or more sexual partners in the U.S., during high school, in 2019.

Hence, key players are developing generic anti-HIV drugs at cost-effective prices to capitalize on growing demand. For instance, generic versions of Lamivudine, Abacavir, and Efavirenz are available in the U.S. at prices lower than their branded versions. This is expected to create lucrative opportunity for the generic HIV antivirals manufacturers to provide affordable medical facilities in low and middle-income countries.

Key Takeaways from Market Study

Fixed-dose combinations (FDCs) segment held over 83.2% market value share in 2021, owing to their ability to improve adherence to an HIV treatment regimen.
Hospital pharmacies are the leading sales channel of the HIV antivirals, with over 53% of the market share in 2021, and are anticipated to grow at a CAGR rate of 4. 5% in upcoming decade
North America is expected to dominate the global HIV antivirals market, holding a share of 38.7% in 2021.
India is expected to lead the growth in South Asia market owing to the growing cases of HIV in the country

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“With increasing awareness among the people about HIV causes and symptoms, the HIV antivirals market is set witness positive growth during the forecast period. Hence, key players are developing anti-HIC drugs vaccines to increase their revenue,” says an analyst of Future Market Insights.

Market Competition

Market players are expanding the business through collaborations, and increasing involvement in clinical trials as the key strategy with instances of key companies, such as Merck and Gilead, in order to improve their reach in the market and compete with other key players in forthcoming years. For instance:

In October 2021, Merck announced favorable results from two pivotal Phase 3 trials of the investigational, once-daily oral fixed-dose combination pill of doravirine/islatravir (DOR/ISL) in adults with HIV-1 infection.
In March 2021, Gilead announced the development and commercialization of long-acting, investigational treatment combinations of Lenacapavir and Islatravir in HIV in association with Merck.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the HIV antiviral market in its latest study, presenting a historical demand assessment of 2017 – 2021 and projections for 2022 – 2032.

The research study is based on the product – (fixed-dose combinations (FDCs), integrase strand transfer inhibitors (INSTIs), non-nucleoside reverse transcriptase inhibitors (NNRTIs), entry inhibitors – CCR5 co-receptor antagonist, protease inhibitors (PIs), nucleoside reverse transcriptase inhibitors (NRTIs), and others), by sales channel (hospital pharmacies, retail pharmacies, and online pharmacies) across seven key regions of the world.

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Key Players :

ViiV Healthcare
Gilead Sciences, Inc.
GlaxoSmithKline plc
Merck & Co., Inc.
Johnson & Johnson
Genetech, Inc.
Teva Pharmaceutical Industries Ltd.
AbbVie
Cipla
Pfizer Inc.
Mylan N.V.
Bristol-Myers Squibb Company
Boehringer Ingelheim International GmbH
Macleods Pharmaceuticals Ltd
Emcure Pharmaceuticals Limited
Aspen Pharmacare Limited
Lupin Ltd.
Sun Pharmaceutical Industries Ltd.
Theratechnologies Inc.
Strides Arcolab Limited
Hetero labs limited
Laurus Laboratories Ltd

Key Market Segments Covered in HIV Antivirals Market Research

By Product:

Fixed Dose Combinations (FDCs)
Integrase Strand Transfer Inhibitors (INSTIs)
Non-Nucleoside Reverse Transcriptase Inhibitors (NNRTIs)
Entry Inhibitors – CCR5 co-receptor antagonist
Protease Inhibitors (PIs)
Nucleoside Reverse Transcriptase Inhibitors (NRTIs)
Others

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

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Hemostatic Gels Market is expected to expand at a CAGR of 6.8% to reach US$ 1.9 Bn by 2032

As per Future Market Insights’ latest analysis, the global hemostatic gels m arket is estimated to reach a valuation of US$ 1 Bn in 2022, with sales projected to grow at a 6.8% CAGR over the forecast period. Against this backdrop, the market size will surpass US$ 1.9 Bn by 2032.

Increasing adoption of hemostatic gels during surgical procedures for blood loss management is spurring demand for effective hemostatic gels. Furthermore, rising prevalence of chronic diseases is necessitating the adoption of these gels. According to the Centers for Disease Control and Prevention (CDC), more than 45% of the population in the U.S. suffers from at least one chronic disease that requires surgical procedures.

Globally, around 2,000,000 people die from hemorrhage each year, out of which approximately 1,500,000 deaths are due to trauma injuries. Similarly, every year almost 60,000 people die in the U.S. due to hemorrhaging and blood loss. These figures indicate the need for hemostatic gels during surgical procedures to improve clinical outcomes.

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Key Takeaways:

Based on product type, sales of porcine-based hemostatic gels are expected to grow at a 5.7% CAGR through 2032.
In terms of indication, the cardiovascular surgery segment is expected to account for 33.1% of the total market share over the assessment period.
By end user, demand for hemostatic gels across hospitals will increase at a 5.4% CAGR during the forecast period.
The U.S. dominated the North America hemostatic gels market in 2021, holding 82% of the total market share.
Demand for hemostatic gels in India is forecast to grow at a 7.4% CAGR over the assessment period.
Sales in the U.K. hemostatic gels market are expected to increase at a 7.1% CAGR through 2032.
China will emerge as a lucrative pocket, with demand growing at an 8% CAGR over the forecast period.

“Rising adoption of effective hemostatic gels across various industries for the protection of the workforce is expected to fuel demand in the market. In addition to this, rising awareness regarding the usage of hemostatic gels for blood loss management across emerging economies will augment the growth in the market,” says an FMI analyst

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Competition Landscape

Key players operating in the hemostatic gels market are adopting strategies such as product launches, mergers & acquisitions, joint ventures, and R&D activities to improve their global presence. For instance:

In 2019, Baxter International, Inc. introduced Floseal Hemostatic Matrix, its new hemostatic agent. Floseal Hemostatic Matrix U.S.FDA approved and is used to stop bleeding during surgical procedures.
In 2021, Medcura, Inc. together with ASO LLC launched Rapid-Seal, a new class of antibacterial hemostatic gel. This product meets the market demand for a transparent gel that will be easily applied during surgeries.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the hemostatic gels market in its latest study, presenting a historical demand assessment of 2017 – 2021 and projections for 2022 – 2032.

Key Market Segments Covered In Hemostatic Gels Industry Research

By Material:

Bovine-Based
Porcine-Based
Polymer-Based

By Indication:

General Surgery
Dental Surgery
Veterinary Surgery
Cardiovascular Surgery
Orthopaedic Surgery
Others

By End-User:

Hospitals
Speciality Clinics
Veterinary Settings
Ambulatory Surgical Centers
Online Sales

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Inclusions and Exclusions

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Development and Innovation Trends

4. Key Success Factors

Full TOC click Here

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