Foldable Phone Market is Expected to Grow at a CAGR of over 25.2% through 2031 | FMI

The foldable phone market is expected to surpass a valuation of US$ 65 Bn, growing at a CAGR of over 25.2% through 2031. Continuous evolution of smartphones has facilitated the innovation in display technologies, with foldable displays emerging as the latest component to take the industry by storm.

The foldable phone market is projected to expand at an impressive pace owing to rapid advancements in technology, improvements in design, stronger functionality, and product up-gradation. This is anticipated to bode well for the global foldable phone market in the forthcoming years.

Demand for cutting-edge smartphones is being fueled by rising consumer knowledge of the most recent developments in smartphone technology. In order to protect its design architecture for soon-to-be-released folding phones, various well-known corporations have begun filing patents. For instance, Apple Inc. has protected its folding smartphone technology against wear and tear over time by patenting a hinge heating technique.

Additionally, smartphone manufacturers are experimenting with technologies and features in their foldable smartphones, as shown in the Motorola Razr and Samsung Galaxy Fold, both of which have a distinctive appearance but favour front-to-front fold display technology.

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Furthermore, in April 2021, Oppo launched two new foldable phones in the market, both with an inward-folding design. Vivo is also expected to release a folding phone with an inwards folding design, while Xiaomi has already released the Mi MIX Fold.

Another trend that is propelling the foldable phone market is the implementation of work from-home culture. Rising viewership and increasing interest of individuals towards job opportunities that offer remote work has led increasing demand for reliable and efficient electronic products. This is anticipated to provide impetus to foldable phone sales in the forthcoming years.

Key Takeaways:

  • Based on display size, the under 6 Inches display segment is expected to hold a 44.6% of the total foldable phone market share in 2021.
  • Foldable phone with a 12 GB RAM are likely to dominate the market in 2021, accounting for over 46% of the total market share.
  • Under the storage segment, foldable phone with the storage space of 256 GB will hold more than half of the total foldable phone market share in 2021.
  • US$500-1,500 is projected to hold the leading share in the market in 2021, accounting for nearly half of sales.
  • Sales of foldable phones through online retail channels are projected to grow at a prolific 38.1% CAGR through 2031.
  • China will emerge as an attractive foldable phone market, accounting for over 40% of the market share in East Asia 2021.
  • The U.S. will dominate the North America foldable phone market with nearly 80% the market share over the forecast period.
  • India is projected to account for more than one-third of the South Asia foldable phone market share in 2021.

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Who is Winning?

Leading players in the foldable phone market are Samsung Group, Huawei Technologies Co., Ltd., Microsoft Corporation, Xiaomi Corporation, Royole Corporation, Motorola (Lenovo Limited), TCL Technology, LG Corporation, ZTE Corporation, Sony Group Corporation, AsusTek Computer Inc., Energizer among others.

Leading manufacturers of foldable phones are focusing on promotional strategies, advertisements, and new product launches to improve sales of foldable phones. Apart from this, mergers, acquisitions, and strategic collaborations will remain prominent growth strategies among key market players over the assessment period. For instance:

  • In 2021, Xiaomi launched their first foldable smartphone, Mi MIX FOLD, at the Spring 2021 New Product Launch. Equipped with a large 8.01” WQHD+ resolution flexible internal display and a 6.52” external display, this innovative new device touts the largest foldable display on any smartphone.

About Consumer Products division of FMI

Expert analysis, in-depth insights, and strategic recommendations – the Retail & Consumer Products team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 500+ reports, the team has analyzed the consumer goods industry lucidly in 80+ countries for over a decade. We provide end-to-end research database on retail & consumer products market and consulting services; reach out to explore how we can help.

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Market by Category

By Display Size:

  • Under 6 inches
  • 6-7 Inches
  • 7-8 Inches
  • 8 Inches & Above

By RAM Capacity:

  • 8 GB
  • 12 GB
  • 16 GB

By Storage:

  • 256 GB
  • 512 GB

By Price Range:

  • US$ 500- US$ 1,500
  • US$ 1,500- US$ 2,000
  • US$ 2,000 & Above

By Sales Channel:

  • Hypermarkets/ Supermarkets
  • Specialty Stores
  • Multi-brand Stores
  • Independent Small Stores
  • Online Retailers
  • Others

By Region:

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

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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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Therapeutic Contact Lenses Market is Anticipated to Surpass US$ 11.03 billion at a CAGR of more than 7.5% through 2031 | FMI

The therapeutic contact lenses market is expected to surpass a valuation of US$ 11.03 Bn at a CAGR of over 7.5% through 2031. Increasing cases of macular degeneration and glaucoma across the globe have improved the demand for therapeutic contact lenses market.

Cases of permanent forms of blindness are showing signs of improvement with advancements in medical science. As the cases of eye infection and disorders are increasing, especially in the younger generation, healthcare professionals are extensively investing in research & development activities.

With the advent of dynamic soft contact lenses with improved technology, demand for contact lenses has increased. This also has encouraged product development among key market players. A leading company Innovega, for instance, is developing a soft contact lens that can make a display anywhere in the field of view.

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The iOptik system, according to the business, can increase the safety of hands-free tasks such as driving, surgery, and military operations. However, the technology is still years away from being consumer-ready.

According to the Centers for Disease Control and Prevention, approximately 12 million Americans aged 40 and above, have vision impairment, with 1 million being blind, 3 million having vision impairment after correction, and 8 million having vision impairment due to uncorrected refractive error.

As a result, rapid technological advancements are playing significant role in accelerating the demand for smart therapeutic contact lenses. Subsequently, smart lenses are gaining popularity in the market.

For instance, Mojo lens is considered to be the first smart lens that has a built-in visual display designed to magnify images for people with low vision. This patented lens is also capable of projecting content from smart phones.

Leading players are concentrating on producing contact lenses to combat digital eye strain, as reliance on digital devices is increasing among consumers.

For instance, Cooper Vision, Inc. has released a novel contact lens that aids in the reduction of eye strain caused by the usage of digital devices. Multiple aspheric curves are used in the Bioinfinity Energys. This allows people’s eyes to adapt more easily as they shift their sight between digital and non-digital activities. The lens material is also meant to assist eyes maintain moisture, which is an extra bonus. This is especially useful when using a computer or a screen because people blink less frequently.

Backed by these factors, the market is poised to expand at an astounding CAGR, exceeding valuation of US$ 22.6 Bn by 2031-end, estimates Future Market Insights.

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Key Takeaways from the Therapeutic Contact Lenses Market Study

  • In terms of material type, senofilcon is predicted to grow at a substantial CAGR of 10.6% during the forecast period.
  • In terms of price range, the US$ 10 to US$ 30 segment will hold over 37.8% share of the market. Due to diverse range of variety and cost-effectiveness of this range, sales are expected to spur.
  • In terms of consumer orientation, the unisex category is predicted to hold a considerable share of 60.3% in 2021.
  • In 2021, the U.S. will hold mammoth share of 88.7% in North America, owing to its distinct work culture and significant use of smart devices such as desktops, mobile phones, tablets, and laptops.
  • The U.K. is expected to be lucrative market in Europe, accounting for over 19.5% owing to higher spending on premium therapeutic contact lenses in the country.

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 Who is Winning?

Leading manufacturers of therapeutic contact lenses are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of therapeutic contact lenses globally.

Major players present in the therapeutic contact lenses market are AccuLens Company Inc., The Cooper Companies Inc., Bausch & Lomb Incorporated, Alcon Inc., Dynasil Corporation of America, Johnson and Johnson Vision Care Inc., Medennium Inc., SynergEyes Inc., X-Cel Specialty Contacts, Carl Zeiss AG, Abbot Medical Optics, Inc., CIBA Vision, Essilor International, Hydrogel Vision Corp, Novartis International AG, Contamac, Haohai Biological Technology, Hoya Corporation, Polylite Sofclear, Scrivens House, Seed Co. Ltd, STAAR Surgical Company among others.

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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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Gaming Gadgets Market will hit US$ 145 billion by 2031, expanding at a CAGR of just under 8.2% | FMI

The gaming gadget market is expected to surpass a valuation of US$ 145 Bn at a CAGR of over 8.2% through 2031.The introduction of virtual reality (VR) has significantly reshaped gaming experience in recent years. Some of the leading companies in the gaming gadget market are stressing on an immersive experience. Innovations in technology including graphic quality, VR, AR and processing power coupled miniaturization of devices have played key roles in the electronics and smart gadgets industry. Sega in 2020 announced the miniature Game Gear Micro, a palm-sized device that comes in four colors.

With investments aimed towards technology and product launches with value-added services, the demand for gaming gadgets is expected to grow rapidly during the forecast period. Brands are extensively focused on leveraging their brand position through enhancing retail penetration.

Brands are actively collaborating with local and regional online retailers to ensure product accessibility in both developed and developing countries. Sega of America, Inc. is one such company with significant local and regional online penetration. These trends are expected to fuel growth in the market.

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One trend that is propelling the gaming gadgets market is the rise of eSports. Rising viewership and increasing interest towards e-sports has unlocked new opportunities for gaming gadgets in countries other than China including Vietnam, Malaysia, and Indonesia.

Key Takeaways from the Gaming Gadgets Market Study

  • PlayStation products are expected to hold a noteworthy revenue share of 46.7% in 2021 aided by frequent technical and system updates.
  • Home consoles dominate the market with a wider scope of gaming options from players like Nintendo, Sony, and Microsoft.
  • The U.S. holds a noteworthy value share of 79.4% in North America owing to the rapid upsurge in the number of active gamers in recent years.
  • Thailand is a key market in South Asia reflecting a CAGR of 18.4% owing to higher spending on premium products in thecountry.
  • China showcases major opportunities for the gaming industry owing to a larger consumer population with increased spending on gaming content and hardware.

“Frequent launches of new gaming content with superior graphics, rapidly evolving technologies such as artificial intelligence (AI) and virtual reality (VR), are key factors creating a conducive environment for major console manufacturers and will influence growth in the gaming gadget market in the coming decade,” says an FMI analyst.

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Impact of COVID-19 on the Market

The outbreak of the novel coronavirus has resulted in an economic downswing by causing disruptions in the business operations in various sectors. The retail industry has been hit hard. A reduction in overall discretionary spending levels, is posing a temporary challenge for players operating in the market.

These issues were offset by strong year-over-year revenue growth as consumers were subject to shelter-in-place restrictions. Limits on varied forms of entertainment and social interaction is expected to keep the demand for gadgets afloat in the coming months.

In light of this situation, players are now focused on improving online penetration, as this provides an opportunity to the players to access a wider consumer base at once within minimum costs.

 Who is winning?

Leading manufacturers of gaming gadgets are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of gaming gadgets globally.

Major players present in the gaming gadgets market are Nintendo Co., Ltd, Sony Corporation, Microsoft Corporation, Atari, Inc., Hyperkin, Inc., Razer Inc., NVIDIA Corporation, SEGA of America, Inc., Valve Corp., Dell Technologies Inc., and Mad Catz Global Ltd. among others.

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About Future Market Insights (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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Skin Care Devices Market will Rise in Value at a CAGR of 15.0% by the end of 2031 | FMI

The Skin Care Devices Market is expected to reach US$ 18.53 Bn by the end of 2021. The global market for skin care devices is expected to reach US$ 18,533.2 million in 2021 and have a CAGR of 15.0% from 2021 to 2031. The present demand for gadgets in the beauty sector has been simplified by consumers’ need for “something more” and a series of technical developments that provide exquisite functions.

According to a recent analysis by Future Market Insights, this trend is developing since technologically enabled equipment and diagnostics are being integrated so well. As a result, the market for skin care devices will rise significantly during the next ten years.

The next big thing in the beauty business is intelligent skin care technology. The surge of smart gadgets is filling retail shelves.Industry giant L’Oreal developed a motorized skin treatment device offering a range of cleansing and massaging options in response to vocal instructions from the user, subsequently providing smart audio feedback and guidance via an integrated speaker when in use. The device offers a range of functions including sensitive cleansing, deep cleansing, pore cleansing, facial massaging, eye area massaging, make-up application and even skin rejuvenation or stimulation.

Digital tools are turning as the bandwagon of beauty and personal care industry. With the advent of personalization trend, at-home diagnostic devices and personalized beauty devices are gaining momentum. In the past product purchase pattern was streamlined by consumer reviews, brand marketing and distribution pattern; however, present date purchase decisions are getting more personal and consumer-centric, enabled by personalized beauty devices.

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Skin care devices appeal to a wider audience across regional boundaries, a fact capitalised by industry leaders Proctor & Gamble Company and Clarisonic. L’Oreal is set to enter the personalized beauty device industry with the advent of PERSO, a smart device that creates custom formulas for lipstick, foundation and skin care. Le Teint Particulier formula, a patented product of Lancome Paris, L’Oreal, is customized to your precise skin tone measurements using a proprietary algorithm that analyzes and then matches your exact skin tone.

Key Takeaways from the Skin Care Devices Market Study

  • FMI has forecast skin care devices market to rise at 15% CAGR between 2021 and 2031
  • Social media influence and increasing spending on smart technologies driving sales in the U.S., which also accounts for 83% of North America market
  • The U.K. will emerge as a highly lucrative market exhibiting double-digit y-o-y growth at above 12% in 2021
  • Germany and France too will continue exhibiting increasing demand for skin care devices
  • Expansion of the beauty industry will support remarkable expansion in East Asia. China, South Korea, as well as Japan are likely to register double-digit growth

“Artificial Intelligence (AI) driven, customized, at-home beauty devices are the future of beauty industry, offering routine, high-tech customized skin care and makeup” says an FMI analyst.

Who is winning?

Key players in the skin care devices market are Koninklijke Philips N.V., Pure Daily Care, Shenzhen Mareal Technology Co., Ltd, L’Oreal S.A (ModiFace), Nu Skin Enterprises, Panasonic Corporation, Syneron Medical Ltd., home skinovations ltd., TRIA Beauty Inc, Proctor & Gamble Company, PhotoMedex Inc., Carole Cole Company Inc., Lumenis, MTG Co. Ltd., DD Karma LLC, and FOREO, among others.

Targeted and unique product offerings by market players are undertaken to gain competitive edge. They are using advanced technologies to offer smart skin care solutions to consumers.

For instance:

  • FOREO’s Espada runs blue light acne therapy firing led light energy into pores to attack acne-causing bacteria. Similar trend has been witnessed with respect to diagnostic devices.
  • Sony developed a device that can analyze the condition of the skin while being able to detect blemishes even before appearing on skin.
  • NuFace Trinity Facial Toning device employs microcurrent technology to give a lift to the cheeks, brows and jawline for up to 24 hours. The device assists in reducing the appearance of wrinkles, improve facial contours, and help brighten skin tone.

Besides this, there is immense focus on strategic tie ups. For instance:

  • Unilever Group operates within the market via French cosmetic brand ioma, a brand whose expertise lies in analysing the condition of the skin and developing appropriate treatment devices to cater to the result.

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Skin Care Devices Market by Category

Product Type

  • Cleansing Devices
  • Anti-Ageing devices
  • Skin Texture Tone Enhancement
  • Acne treatment Devices

End User

  • At-home
  • Salon & Spa

Price Range

  • Economy
  • Mid-Range
  • Premium

Sales Channel

  • Direct Sales
  • Modern Trade
  • Departmental Stores
  • Specialty Stores
  • Online Retailers
  • Mono Brand Stores
  • Other Sales Channel

Region

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

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About Future Market Insights (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:

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Toothpaste Tablets Market Presence of Leading Players Steering in U.S., which Accounts for Over 88% of the North America Market | FMI

The global toothpaste tablets market is anticipated to develop at a strong CAGR of approximately 6.1 percent throughout the course of the study’s projection period of 2021–2031. In order to provide readers a clear picture of how the growth trend will play out, the research study analyses the toothpaste tablet market in more than 20 different countries.

A lot of retail businesses are moving toward a retail strategy centred on subscriptions. The expansion of a current product line or the establishment of a new business are both seen as feasible options for a subscription-based business strategy. In order to promote the market while also keeping customers, several companies in the toothpaste tablet industry have turned to a subscription-based business strategy.

Hello is an example of a subscription-based oral care company. Customers can begin their subscription by selecting one of the package offerings from the brand’s portfolio. Customers can choose the period of their subscription at their leisure.

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Aside from that, the company allows customers to construct their own personalised subscription box with their favourite products. Moreover, the brand promises free stuff with every subscription. Such initiatives have aided the brand’s creation, development, and expansion. A subscription-based business strategy is also used to build a loyal customer base.

Fluoride-free toothpaste tablets make for a considerable portion of the market in terms of product kinds. Many companies are expanding their product lines to include new flavoured toothpaste pills that appeal to consumers, particularly children.

Key Takeaways from the Toothpaste Tablets Market Study

  • Toothpaste tablet market registers impressive recovery at over 5% y-o-y growth in 2021, following a period of lull in 2020
  • Presence of leading players steering market in U.S., which accounts for over 88% of the North America market
  • Focus on dental and oral health will continue rising in the U.K., pushing toothpaste tablets market at 4.7% in 2021
  • France and Germany emerge as strong markets as buyers demonstrate higher willingness to spend on fluoride-free toothpaste tablets
  • Increasing population and higher focus on personal care and hygiene will continue pushing toothpaste tablets market in China

“Tailored marketing has significantly helped brands enhance their market reputation. Many of the toothpaste tablets brands currently operating in the market are using numerous connotations like eco-friendly, non-toxic, green, sustainable, gluten-free, paraben-free, fluoride-free, etc. to promote their products as healthy and safe in the eyes of consumers.” says an FMI analyst.

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Impact of COVID-19 on the Market:

The outbreak of covid-19 has caused enormous disruptions in the retail sector in both demand side as well as supply side. Managing demand fluctuations was one of the major challenges encountered by the players in the retail industry. The covid-19 outbreak also drastically impacted consumer’s buying habits. A specular shift from store based retail to online retail was observed. Besides this, the pandemic outbreak also highlighted the importance of ethical living which increased awareness regarding penetration of small scale and local brands in the retail sector.

Who is winning?

Some of the key players present in the toothpaste tablets market are Johnson and Johnson Consumer Inc., Colgate Palmolive Company, Weldental, Inc., DENTABBS GmbH, Bite, Lush Cosmetics Company, Kaylaan LLC., Dental Lace, Inc., Archtek, Inc., Georganics,  Well Earth Goods, Pure Earth Essentials and among others.

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Toothpaste Tablets Market by CategoryProduct Type

  • Fluoride Toothpaste Tablets
  • Fluoride-free Toothpaste Tablets

Consumer Orientation

  • Adults Toothpaste Tablets
  • Children Toothpaste Tablets

Sales Channel

  • Hypermarkets/Supermarkets
  • Multi-Brand Stores
  • Convenience Stores
  • Online Retailers
  • Wholesalers and Distributors
  • Other Sales Channel

Region

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

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About Future Market Insights (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:

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Online Clothing Rental Market is Expanding its Assortments under Subscription Model Plans to Reach its Clients | FMI

The online clothes rental market will significantly grow between 2021 and 2031. The market is projected to produce US$ 1.8 billion by 2021.

The subscription model is a new style that the clothing rental market is beginning to adopt. It appeals to retailers that must quickly adjust to shifting consumer tastes before particular styles become unpopular.

Despite declining garment sales, the clothing rental industry is expanding its assortments under subscription model plans to reach its clients. The subscription model generates recurrent income in addition to providing potential clients with expertise with clothes rental businesses. However, retailers could be able to sidestep the expenses associated with conventional brick-and-mortar enterprises.

The market for clothing rentals and subscriptions also provides designers with immediate access to consumer preferences. The online clothing rental subscription industry is also broadening its consumer base by needing specialty/niche markets. Some of them are employing novel strategies to get traction. For instance, Gwynnie Bee offers plus-size consumers rental clothes, in contrast to other online fashion rental businesses.

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In the meanwhile, Union Station wants to do away with the hassle of purchasing bridesmaid dresses, which are frequently expensive and chosen based on the lady, not the wearertaste ,’s and style. The company allows women to pick out the dresses for their bridesmaids, which can then be returned after being dry-cleaned.

Therefore, online garment rental aims to reduce clients’ spending on new apparel for any special occasion or purpose.

Key Takeaways from the Online Clothing Rental Market Study

  • FMI in its latest study has forecast the market to rise at a CAGR of ~11.0% between 2021 and 2031
  • The U.S. has emerged as a highly lucrative market, accounting for nearly 95% of the North America market
  • The U.K. is projected to register 11.8% Y-o-Y growth in 2021, performing exceedingly well within the Europe market
  • Germany and France will continue exhibiting high demand for online clothing rental
  • Within East Asia, the demand for China and South Korea is expected to be higher than Japan

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COVID-19 Causing Disruptions in Online Clothing Rental

Online garment rental was slated for sustainability before the COVID-19, but the pandemic has created substantial delays as occasions like weddings, social gatherings, and other festivities had to be postponed due to the implementation of lockdown in numerous countries around the world.

Rental demand fell, according to businesses like Rotaro, Rent the Runway, and others. Since the majority of online garment rental businesses depend on events, the pandemic period saw a significant impact on the industry when there were no events and few people going out.

Who is winning?

Rent the Runway, Rotaro, GlamCorner Pty Ltd., Gwynnie Bee Company, Mine for Nine LLC, Dress Hire AU, ThreadTread, Nuuly, Rent The Front Row LLC, Dress & Go Company, Chic by Choice Company, Style Lend Company, Rent It Bae Company, Mr. & Ms. Collection, The Secret Wardrope, Banana Republic LLC, Le Tote Company, and Lending Luxury are some of the major players in the online clothing rental

  • In September 2020, to meet the changing preference/needs of today’s shoppers Rent the Runway implements new clothing subscription model plans which include dry cleaning and rental coverage, free shipping and returns, and members-only discounts. Further, the company is also using sustainable strategies to improve the environment by using recyclable garment bags.
  • In 2019, the Gap Inc. owned company Banana Republic LLC had partnered with CaaStle and launched ‘style passport’ an online rental subscription for women. This would help the company to connect with millennials and Gen Zs who would to experience fashion in a sustainable manner.

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Online Clothing Rental Market by CategoryProduct Type

  • Knitwear
  • Trousers & Jeans
  • Jumpsuits
  • Suits & Blazers
  • Coats & Jackets
  • Skirt & Shorts
  • Ethnic Wear

Business Model

  • Standalone Model
  • Subscription Model

End-User

  • Business-to-Business (B2B)
  • Business-to-Consumer (B2C)
  • Consumer-to-Consumer (C2C)

Consumer Orientation

  • Men
  • Women
  • Kids

Region

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

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About Future Market Insights (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:

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Wrinkle Release Spray Market Analysis of Future Growth by Monitoring WRS Market in More Than 20 Countries | FMI Report

The Wrinkle release spray market until 2030, the global population will increase at a CAGR of more than 5.0%. The wrinkle release spray market will increase, says Future Market Insights (FMI), despite a slow growth year in 2020. This is because customers are looking for ways to make their everyday duties easier. The FMI report provides a clear analysis of how growth will proceed by tracking the wrinkle release spray industry in more than 20 countries.

The analysis shows that the market growth for wrinkle release spray is also hampered by the slowdown brought on by the COVID-19 outbreak. Today, a variety of retail items are offered to improve the convenience of consumers’ lifestyles. Wrinkle release sprays have established their market presence in the vast variety of retail goods and have grown into a popular item.

Wrinkle release sprays have transitioned from a specialty product to a general product category in supermarkets and hypermarkets over the past five years. Due to lack of understanding, they haven’t yet been extensively offered to customers. Nevertheless, these goods are becoming more popular with businesses that offer expert fabric care services. According to FMI’s forecast, supermarkets and hypermarkets would sell approximately 20% of the wrinkle release sprays in 2021.

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Key Takeaways from the Wrinkle Release Spray Market Study

  • FMI has forecast the global wrinkle release spray market to reach US$ 1.08 Bn by 2030
  • Exhibiting consistently high demand, the U.S. will emerge as a key market, accounting for over 88% of wrinkle release sprays market in North America
  • The U.K. will exhibit consistent demand, registering 3% Y-o-Y growth in 2021
  • Germany and France will emerge as other key markets for wrinkle release sprays in Europe
  • In East Asia, the demand from China and South Korea is expected to remain considerably high

“Fabric care product manufacturers and upcoming startups are focusing on designing attractive brand campaigns. Also, some of the leading market players are considering expansion of the online presence to broaden their reach worldwide,” says an FMI analyst.

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Who is winning?

Some of the key players operating in the wrinkle release spray market are P&G, Kao Corporation, Grove Collaborative, Faultless, Unilever, MiiSTS, Downy, Dryel, Bon Ami, Spray & Forget, The Laundress, Magic, Soak Wash, Fox Valley Traders, Quidsi, Grandma’s Secret, Ecokindness, Bayes Cleaners, Follure Clothing, and Woolite.

The players are aggressively investing in campaigns to attract the consumers. They also are focusing on product development with an aim to gain a competitive advantage. Some of them are entering into strategic collaborations to expand their footprint and portfolio.

Get Valuable Insights into Wrinkle Release Spray Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global wrinkle release spray market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the wrinkle release spray market based on the product type (scented wrinkle spray and unscented wrinkle spray), nature (natural and conventional), price range {Mass (US$0 – US$ 200), Premium (US$ 200 and Above)}, market channel (wholesalers/distributors, hypermarkets/supermarkets, multi-brand stores, exclusive stores/ franchise outlets, departmental stores, independent small stores, online retailers, others) across seven major regions.

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Global Dishwashing Additives Market by Category

By Product Type:

  • Branded
  • Private Label

By Application:

  • Commercial
  • Residential

By Form Type:

  • Liquid
  • Powder
  • Others

By Sales Channel:

  • Hypermarkets/ Supermarkets
  • Independent Grocery Stores
  • Specialty Stores
  • Wholesalers/Distributors
  • Online Retailers
  • Other Sales Channel

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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FAbout Future Market Insights (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.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Sports and Athletic Insoles Market Players are now Working to Adapt to the New Industry Revival Phase 2031 | FMI

The sports and athletic insoles market is expected to surpass a valuation of US$ 7,735.7 Mn in 2021 at a CAGR of over 7.0%.

The market for sports & athletic insoles has altered and been revolutionised by consumers’ propensity to live a greener lifestyle. The players are now equally focused on building brand reputation in the eyes of environmentally conscious customers, in addition to product-related technological developments.

The players are investing in environmentally friendly materials for their manufacturing in order to meet their obligations for the products that align with their strategy for ensuring minimal environmental effect.

Additionally, these items are advertised in a different way than the market’s conventional shoe insoles. Some of the claims used to promote these inserts include being eco-friendly, vegan, and sustainable.

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Apart from this, many players have adopted a comparative strategy wherein the eco-friendly shoe insoles are compared to the traditional insoles on the basis of performance, durability and environmental impact in order to gain more attraction in the market. Adoption of such strategies by the players is projected to fuel market growth during the forecast period.

Key Takeaways from the Sports & Athletic Insoles Market Study

  • The sports & athletic insoles market is expanding at a rapid pace. Players are providing customised solutions considering the end user requirements.
  • In case of sales channel as the digital ecosystem is thriving the online retail sales are expected to register a significant growth in the coming years.
  • The U.S. will emerge as a highly lucrative market for sports & athletic insoles, accounting for nearly 70% of sales in North America in 2021.
  • Italy, France, and Spain are likely to emerge as highly lucrative markets for sales of athletic insoles within Europe.
  • Despite China’s dominance, the demand for sports and athletic insoles will increase at a higher pace in South Korea and Japan over the assessment period.

“The players currently operating in the in the sports & athletic insoles industry are incorporating special features and functions to offer greater water resistance, antimicrobial properties, improved moisture management, and lightweight design among others to woo consumers. Such strategies will help the players to gain a competitive advantage in the market,” says an FMI analyst.

Impact of COVID-19 & 2020 Market Analysis

As the developed world is slowly exiting from the pandemic phase the virus continuous to take hold in the lower income countries. The pandemic outbreak had a significant impact on sales channel preferences and product demand in the past few months in the market.

The market did experience a slowdown due to demand and supply disruptions however the lockdown relaxing measures has now brought the market from slowdown to a reviving phase. The players are now undertaking efforts to adapt to the new reviving market phase.

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Who is winning?

Few key players in the sports & athletic insoles market are Aetrex Worldwide, Inc., Invent Medical Group, s.r.o. (8 Sole), Materialise Phits Insoles, AF Group, ALINE Systems, Inc., ARNEPLANT, S.L, Bauerfeind, Birkenstock USA, Currex GmbH, Diafarm Laboratories (Noene), Foot Science International, Footbalance System Ltd., Guangzhou Shunyang SM Co Ltd., Implus LLC, Ottobock Holding, Peacocks Medical Group, Reckitt Benckiser (Scholl), RSscan Lab Ltd., Sorbothane, Incorporated, SUPERFEET WORLDWIDE, Inc., Texon International Group Limited, Wiivv Wearables Inc., and Digitsole among others.

The players in the market are undertaking initiatives to widen their digital penetration. Besides this, they are highly focused on research and development with an aim to expand their offerings that could best match the dynamic needs of the users.

Get Valuable Insights into Sports & Athletic Insoles Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global sports & athletic insoles market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the sports & athletic insoles market based on the material type (polymer, plastic, rubber, carbon fibre, and silicone), size US (% of Demand) (4-5, 6-7, 8-9, 10-11, and 12-13), consumer orientation (men, women, and kids), and sales channel (direct and indirect) across seven major regions.

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Market by Category

By Base Material Type:

  • Polymer
  • Plastic
  • Rubber
  • Carbon Fiber
  • Silicone

By Size (U.S.) (% of Demand):

  • 4 – 5
  • 6 – 7
  • 8 – 9
  • 10 – 11
  • 12 – 13

By Consumer Orientation:

  • Men
  • Women
  • Kids

By Sales Channel:

  • Direct Sales
  • Indirect Sales

By Region:

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

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About Future Market Insights (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.
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
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Disinfection Equipment Market Demand is predicted to increase Mainly as a result of Growing Demand from Important End-Use Sectors | FMI

The Disinfection equipment market will reach a valuation of US$ 25.5 bn globally by the end of 2030, as growth continues at an accelerated pace. The cleaning & disinfection industry is undergoing significant transformation. The pandemic effect will also be seen in consumer purchasing patterns, with internet sales expanding far more quickly than predicted. The latest research from FMI provides a comprehensive overview of the industry while tracking the worldwide disinfection equipment market in over 20 high-growth regions.

The advantages of ultraviolet (UV) disinfection have been recognised by international organisations all around the world. For instance, in response to soaring demand, the U.S. Environmental Protection Agency (EPA) has allowed UV disinfection for small and medium-sized public water systems.

In addition, EPA views UV disinfection innovations including UV oxidation, medium-pressure UV, and others as “emerging technologies,” which is anticipated to expand market development prospects.

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key takeaways:

Demand from the commercial sector is currently high, but the market for disinfection equipment is expected to soar at a higher pace in the industrial sector over the forecast period.

  • Online market channels will be more preferred in the near future in comparison to physical shops.
  • Disinfection liquid market will reach a valuation of US$ 25.5 bn globally by the end of 2030, as growth continues at an accelerated pace.
  • Thanks to rising demand in South Korea, China, and Japan, East Asia will continue to present profitable prospects.
  • Because UV disinfection is used in so many different industries, it will continue to be in high demand.

“Disinfection equipment manufacturers are massively gaining amid the rising adoption of safety measures to contain the spread of novel coronavirus. While market will continue surging, market players are likely to focus on innovation to gain competitive edge. Several companies are already launching UV disinfection equipment to decontaminate smartphones, cash, masks, among others from germs,” said a lead analyst at FMI.

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Production Surging Amid COVID-19

The production of disinfectant sprays and UV disinfection equipment is surging amid COVID-19. At a time when other markets are struggling to cope with drastic changes in consumer behavior, opportunities across disinfection equipment market have impelled some of the leading manufacturing companies to rethink their portfolios. For instance, companies such as Signify Innovations India, earlier referred to as Philips Lighting India have ventured in disinfection space with the launch of UV-C based portable disinfection unit.

While new strains of coronavirus are causing uproar in the global economy, soaring concerns regarding virus and germs are paving way for entry of startups in the disinfecting space. PhoneSoap, a company dedicated to making devices that clean phones using UV light, has recorded a 1000% surge in growth earlier this year, according co-founder and president of PhoneSoap Dan Barnes.

This figures are clearly indicative of increasing production of disinfection equipment, a trend which is likely to continue through the forecast period.

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Who is Winning?

Disinfection equipment manufacturers are focusing on product launches to gain competitive advantage. For instance, ITC was prompt to launch zero contact “Savlon Disinfectant Spray” in April 2020 to tackle sanitization need around homes.

Garsite, which is a leading producer of aviation refueling has launched its line of disinfecting equipment that offers simple and no-touch application of chemicals to ensure efficient disinfectant distribution.

FMI profiles some of the leading market players. These include Trojan Technologies, Belimed AG, Getinge AB, Advanced Sterilization Products Services Inc, Xylem, Sotera Health, Shinva Medical Instrument, STERIS Corporation, Matachana, 3M Healthcare, Heraeus, BD, Cardinal Health Inc., and others.

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About Future Market Insights (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.
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
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Bamboo Products Market Demand is predicted to increase Mainly as a result of Growing Demand from Important End-Use Sectors

The worldwide bamboos Products market will grow at a high double-digit CAGR from 2022 to 2029, reaching a value of US$ 12 billion in 2029.

Demand for bamboos is expected to rise primarily due to rising demand from key end-use sectors such as paper & pulp, building & construction, textile, and wood. According to a new Future Market Insights (FMI) analysis,

Bamboo is a multi-purpose forest product that is important in both residential and industrial economies around the world. Due to its availability and versatility, bamboo and bamboo-based products are utilised for a wide range of interior and outdoor applications.

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Key Takeaways – Bamboos Market Study

The pulp & paper end-use industry segment in the global bamboos market is witnessing high growth, and is expected to follow the same trend over the forecast period owing to utilization of bamboo as a raw material in the production of paper & pulp.

Bamboo produces about 35% more oxygen as compared to other trees. Additionally, its biomass is an efficient and cheap fuel for power generating units. As a result of this, the power sector is focusing on bamboos as a source of fuel for power generation.

Asia Pacific (APAC) is expected to maintain its dominance in the global bamboos market throughout the forecast period in terms of volume as well as value. This can be mainly attributed to the growing construction industry in China and India, supported by surging infrastructural investments. APAC has more than half of the total bamboo species available in the world.

Thriving penetration of green building technologies is supporting the demand for bamboos due to utilization in construction of scaffolding. Moreover, there is a continuous demand for bamboo furniture, plywood, and outdoor decking in various countries.

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Who Is Winning the Bamboos Landscape?

The global bamboos market is fairly fragmented, with small- and medium-scale enterprises accounting for major market share in the global market. Some of the key market players included in the report are Moso International B.V., Bamboo Village Company Limited, and Shanghai Tenbro Bamboo Textile Co. Ltd.

New product launches and developments are some of the key strategies adopted by market players to retain their position in the global bamboos market. The companies are engaged in continuously participating in different events, conferences, tradeshows and seminars to market their newly launched products across the globe.

Bamboos Market – Regional Analysis

High growth in construction, pulp & paper, and furniture industries is expected to be a key driving factor for bamboos market growth. China is a large exporter of processed bamboo products such as bamboo plaiting, bamboo shoots, bamboo panels, wood charcoal of bamboo, etc., whereas countries such as the U.S., Canada, and other European countries where very small bamboo resources are available import bamboo products requirement from other bamboo-rich countries.

Know More About What the Report Covers

FMI, in its new research report offers an unbiased analysis of the global bamboos market, presenting historical demand data (2014-2021) and forecast statistics for the period 2022-2029. The study reveals insights on the bamboos market and covers market dynamics, market share analysis, pricing analysis, and channel partners involved in the bamboos market value chain.

Readers can also find key trends and market growth scenarios based on end-use industry and regions such as North America, Latin America, APAC, and Europe and Middle East & Africa (EMEA).

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Bamboo Products Market By Category

Product Type:

  • Lifestyle Products
  • Furniture
  • Home Décor Items
  • Kitchenware & Cutlery
  • Personal Accessories
  • Yarn & Textiles
  • Educational and Recreational Products

End-User:

  • Personal and Residential
  • Commercial
  • Industrial and Infrastructure

Sales Channel:

  • Online
  • Offline

Region:

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

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About Future Market Insights (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.
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
LinkedIn| Twitter| Blogs