Blow-fill-seal Equipment Market is projected to expand at a CAGR of 5.9% by the end of the forecast period 2022-2028

The global blow-fill-seal equipment market is projected to expand at a CAGR of 5.9% by the end of the forecast period (2022-2028). Growth in the market is underpinned by rapid development and advancement in packaging industries, coupled with rising application in diverse end-use sectors.

Increasing demand for aseptic packaging in the pharmaceutical industry is projected to be a critical factor driving the sales of blow-fill-seal equipment-required for packaging forms including vials, bottles, prefilled syringes, and ampoules. Moreover, unique ability of blow-fill-seal equipment to pack formulated drugs in clean and contamination free environment, without any human interface, thereby increasing the product safety, is also projected to increase the demand for blow-fill-seal equipment, during the assessment period 2022-2028.

Other than liquid filled containers, packaging of different types of ointments, gels, and food products including soft drinks and milk products, is also expected to influence the global blow-fill-seal equipment market. However, the pharmaceutical industry is evaluated to hold a lion’s share to the tune of nearly 90% of the global blow-fill-seal equipment market.

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Ever since the inception of blow-fill-seal equipment, the technology has remained a sustainable process for packaging biological products, considering its aseptic nature and high automations and low production errors. Moreover, increasing pharmaceutical demands for efficient drug packaging through smaller batch size production, efficient time-to-market, and less API waste would also drive the blow-fill-seal equipment market.

Given the risks associated with glass vials and syringes, plastic for blow-fill-seal equipment is evaluated to dominate the global blow-fill-seal equipment market. Chances of either glass fragments entering the patient’s body or glass packaging breaking during production or transportation are some key factors complementing the demand for plastic containers made though blow-fill-seal technologies.

 To address packaging limitations including delamination (flaking) and breakage, the pharmaceutical industry is also moving towards alternative packaging formats like polymer containers, enabling a broad array of designs similar to blow-fill-seal packaging. Additionally, universal acceptance of blow-fill-seal equipment and technologies by various global authorities including FDA, EMEA, and USP will further boost the growth of global blow-fill-seal equipment market.

“The Food and Drug Administration’s (FDA’s) has characterized blow-fill-seal technology as an advanced aseptic processing machine. Government and regulatory bodies’ positive nod to BFS technology in the packaging of liquid products is a critical factor driving the blow-fill-seal equipment market, globally. However, high initial set up cost including operator training, establishing technology-specific quality systems, allocation of validation resources is projected to restrict the sales of blow-fill-seal equipment in the global market”, Lead Analyst, Packaging Industry, Future Market Insights

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Competitive Landscape

Leading players operating in global blow-fill-seal equipment market are investing extensively in research and development activities for developing new products to gain competitive edge. They are also collaborating with leading healthcare & pharmaceutical and food & beverage companies to create lucrative revenues.

As per FMI, the BFS equipment market is consolidated with Rommelag, dominating the global market, holding nearly 90% of the market share. In 2021, top 5 companies held over 9% of global market share

Blow-Fill-Seal Equipment Market By Category

Production Capacity:

  • Up to 5,000 containers/hr.
  • 5,000-10,000 containers/hr.
  • Above 10,000 containers/hr.

Product Type:

  • Bottles
  • Ampoules
  • Vials
  • Prefilled Syringes & Injectable

End-Use Industry:

  • Pharmaceuticals
  • Food & Beverage
  • Cosmetics & Personal Care
  • Others

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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PVDC Coated Films Market is expected to reach US$ 12 Bn by 2028

The PVDC coated films market is estimated at USD 9.4 billion in 2022 and is projected to reach USD 12.3 billion by 2028, at a CAGR of 4.6% from 2022 to 2028.

Despite sluggish demand during COVID-19, demand for PVDC coated films will increase from 2021 onwards, albeit slowly, in the food category, which is expected to reach US$ 4.6 billion in 2022. In terms of value, the same segment is expected to grow at a CAGR of 4.8% over the forecast period.

The FMI team also predicts that the U.S. PVDC coated films market would grow by 3.2% year over year during the forecast period, defying initial uncertainty about how the market would perform during a global pandemic. Total PVDC coated films sales in North America is expected to reach US$ 2.3 billion in 2022.

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Key Takeaways from PVDC Coated Films Market Study

  • The U.S. is forecast to project the fastest growth in North America, accounting for around 85% of the regional demand in 2022.
  • Germany is projected to emerge as a highly remunerative market in Western Europe, contributing nearly 28% of the sales in 2021.
  • Japan PVDC coated films market is forecast to account for 24% of the revenue share in East Asia, exhibiting sales at 4.1% CAGR over the assessment period.
  • India is expected to hold a significant share in the Asia Pacific excluding Japan market, owing to the increasing demand for eco-friendly packaging solutions in the country.
  • In terms of application, the pouches & bags segment is estimated to hold 36% of the total market share, expanding at 5.2% CAGR between 2022 and 2028.

Key Drivers

  • Introduction of chlorine-free and biodegradables PVDC coated films for packaging applications to decrease the environmental impact is favoring the growth in the market.
  • Increasing use of PVDC coated films for packaging products such as body lotions, shampoo, serums, face creams, and others owing to its out shading barrier properties is propelling the demand in the personal care and cosmetics industry.

Key Restraints

  • Presence of chlorine in the PVDC coated film’s chemical composition turns the films yellow with time and makes them prone to cracking after a certain period of time. Hence, manufacturers are shifting towards the adoption of better alternatives which is hampering the growth in the market.
  • High cost of production and implementation of strict regulations towards the use of plastic such as polypropylene (PP), polyvinylchloride (PVC), and polyethylene terephthalate (PET) is restraining the sales of PVDC coated films.

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Competitive Landscape

The key manufacturers operating in PVDC coated films market are trying to focus on increasing their production capacity to meet the increasing demand for PVDC coated films. Moreover, the key players are increasing their product portfolio to cater for the growing PVDC coated films market.

  • In January 2021, a company named Neschen, an expert substrate manufacturer has introduced and specially designed a coated polypropylene (PP) film for use with water-based inks and HP Indigo ElectroInk.
  • In September 2020, a lidding films and flexible packaging supplier named KM Packaging, the company introduced a new range of mono-polymer material lidding films which is originated for recyclability and which is made from polypropylene (PP).

PVDC Coated Films Market by Category

By Substrate Material:

  • Polyethylene (PE)
  • Polyethylene Terephthalate (PET)
  • Polyvinylchloride (PVC)
  • Polypropylene (PP)
  • Polyamide (PA)

By Application:

  • PVDC Coated Films for Laminates
  • PVDC Coated Films for Wraps
  • PVDC Coated Films for Lidding Films
  • PVDC Coated Films for Pouches & Bags
  • PVDC Coated Films for Blisters

By End Use:

  • Food
    • Fruits & Vegetables
    • Meat, Poultry & Seafood
    • Bakery & Confectionery
    • Ready-to-Eat
    • Dairy Products
  • Healthcare & Pharmaceuticals
  • Cosmetics & Personal Care
  • Others

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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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LDPE & LLDPE Sealant Web Films Market is set to enjoy a valuation of US$ 311.7 Mn in 2022

The global LDPE & LLDPE sealant web films market is projected to reach a value of US$ 472.4 Mn in 2032, with the market growing at a moderate CAGR of 4.2% over the forecast period of 2022 to 2032. Valued at US$ 311.7 Mn in 2022, the LDPE and LLDPE sealant web films market is driven by its escalating usage in various industrial verticals like food and beverage, pharmaceutical, electronics, textile, and cosmetics

Low density polyethylene (LDPE) and linear low density polyethylene (LLDPE) sealant web films have high sealant strengths and are a great protective barrier against moisture which helps in extending the shelf life of packed goods. These films are extensively used in many industries as packaging materials owing to their sturdy impact strength, and superior tear and stress crack resistance. Due to this factor, it is estimated that the target market will facilitate an absolute growth opportunity of US$ 173.8 Mn during the forecast period.

With the adoption of an urban and fast-paced lifestyle, most consumers prefer goods that suit their hectic lifestyles. Thus frozen food and packaged goods are in high demand. The remote work and work-from-home trend have also led to a surge in demand for ready-to-eat food products. As many individuals are working from home, they desire a quick alternative for their meals. Frozen food products can be consumed quickly. LDPE & LLDPE sealant web films are perfect for packaging an assortment of frozen foods as they offer excellent barrier properties and functional features. This has a positive impact on the market prospects of LDPE and LLDPE sealant web films.

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Moreover, with rapid advancements in technology, the LDPE and LLDPE sealant web films market is also predicted to flourish. Rising environmental concerns and sustainability drives may induce a situation where restrictions may be imposed on the availability of multilayer films. As a result, many different chemical industries, and film manufacturers are keen on producing technology for sorting the different materials from a multilayer film that can be recycled separately. Consequently, an immense opportunity for the multilayer LDPE & LLDPE sealant web films market has been created. This is likely to bode well for the market during the forecast period.

“Protective properties and other functional features of the product will likely drive the market growth for LDPE and LLDPE sealant web films over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Rise in various packaging solutions to generate growth opportunities for the market.
  • The United States is expected to lead the market growth during the forecast period.
  • LDPE and LLDPE sealant web films market to register a 5.8% CAGR in India.
  • By end use, the food sector is expected to account for 37% of the global market share.

Competitive Landscape

Berry Global, Inc., Mitsui Chemicals Tohcello, Inc., Polyfilm Group, DIC Corporation, Avery Dennison Corporation, DuPont de Nemours, Inc., Plastic Suppliers, Inc., Winpak Ltd., ProAmpac LLC, Dai Nippon Printing Co., Ltd., Toray Industries, Inc., Jindal Poly Films Ltd, INDEVCO Plastics, LLC, ePac Holdings, LLC., and Cosmo Films Ltd among others are some of the major players in the LDPE & LLDPE sealant web films market that are profiled in the full version of the report.

Major market players are concentrating on product innovation, development, and releases. These enterprises are engaging in capacity expansion, upgrading their production facilities, and acquisition strategies to gain a competitive edge.

LDPE & LLDPE Sealant Web Films Market by Category

By Material Type:

  • Low-density Polyethylene (LDPE)
  • Linear Low-density Polyethylene (LLDPE)

By Thickness:

  • Up to 45 Micron
  • 46 to 60 Micron
  • Above 60 Micron

By Application:

  • Flat Pouches
  • Standup Pouches
  • Bags & Others

By End Use:

  • Food
    • Baby Food
    • Pet Food
    • Sauces & Gravies
    • Bakery & Confectionary
    • Snacks
    • Dairy Products
    • Ready to Eat Food
    • Other Foods
  • Beverage
  • Pharmaceutical
  • Textile
  • Electrical & Electronics
  • Cosmetics & Personal Care
  • Homecare

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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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Palletizers Market is expected to reach USD 2.6 billion in 2022 | Future Market Insights, Inc.

The market for palletizers is anticipated to reach USD 3.4 billion by 2028 and is valued at USD 2.6 billion in 2022, growing at a CAGR of 4.7% from 2013 to 2021. The market for palletizers will grow at the fastest rate, with the top players controlling between 30% and 35% of it. By 2028, it is anticipated that the market for robotic palletizers would be worth US$ 1.9 billion. During the projected period, the product type segment for bags and sacks is anticipated to expand quickly at a 6.8% CAGR.

According to a report by FMI, the market for palletizers would grow by 1.4 times during the projection period, creating profitable investment prospects for producers.

The global palletizer market is experiencing vital growth and can rise significantly in the next few years. A palletizer is a machine used to collect merchandises on a pallet. It is designed and manufactured to align, organize, and pack different products on a pallet for freight forwarding.

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Its implementation depends on the requirements of end users. A palletizer helps in automatic sorting, stacking, and transferring of merchandise onto pallets, typically at the end of the production of convenience products globally. Furthermore, the application of palletizers is diverse within the food & beverage industry. Thus, due to the increasing diversity and application of the palletizer, manufacturers are innovating to enhance its practicality and even exploit technologies such as the human machine interface (HMI).

Market Trends

  • The food & beverage industry has continuously been a key contributor enhancing the revenue of palletizers. As the competition between distributors continues to accentuate and government regulations become more stringent, the retailer demands continue to increase. Thus, the requirement for palletizing robots has never been more imperative for achievement in the food and beverage industry.
  • The palletizer market is considering all trends and innovations that are happening globally. For instance, with the food process industry implementing selective compliance assembly robot arms and the manufacturing industry contributing to the decrease in energy costs, it can be concluded that the market is braced for advancements in packaging machinery in the near future.

Competitive Landscape

The key manufacturers operating in the palletizers market are trying to focus on innovative product launch, expansion due to the increasing demand from the food, beverage and pharmaceutical sectors.

  • In January 2021, CONCETTI S.p.A. launched a new LAMPO palletizer and expanded its range with a high-speed automatic palletizer. This palletizer reaches up to 1800 bags per hour.
  • On 2 Sep 2021, Quest Industrial launched the new standard version of Box Bot C-2825, a space-saving robotic palletizer to design and produce pallet patterns easily and quickly from bags to boxes.

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Key Companies Profiled

  • Premier Tech (PT)
  • ABB Ltd.
  • FANUC CORPORATION
  • KUKA AG
  • Honeywell International Inc.
  • Kion Group AG
  • Okura Yusoki Co., Ltd.
  • Columbia Machine, Inc.
  • Fuji Yusoki Kogyo Co., Ltd.
  • CONCETTI S.p.A.

Palletizers Market by Category

By machine type, palletizers market is segmented as:

  • Conventional Palletizers
    • Low-level
    • High-level
  • Robotic Palletizers
    • Anthromorphic
    • Gantry

By product type, palletizers market is segmented as:

  • Cases & Boxes
  • Bags & Sacks
  • Pails & Drums
  • Trays & Crates
  • Bundles

By end-user industry, palletizers market is segmented as:

  • Food
  • Beverage
  • Pharmaceutical
  • Cosmetics
  • Chemical
  • Building & Construction
  • Others

Table of Content

1. Executive Summary

1.1. Global Market Analysis

1.2. Global Market Outlook

1.3. Analysis and Recommendations

2. Market Introduction

2.1. Market Definition

2.2. Market Coverage

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation

4. Key Success Factors

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About Future Market Insights, Inc.

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

Contact Us:

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T: +1-845-579-5705
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Label Applicators Market is expected to reach US$ 2.6 Bn in 2022 | Future Market Insights Inc.   

The global label applicators market is estimated at ~US$ 2.6 Bn in 2022 and is projected to reach ~US$ 3.5 Bn by 2028, at a CAGR of 5.4% from 2022 to 2028.

The global sales of label applicators are anticipated to grow at 5.1% y-o-y in 2021 with sales of more than 233 Thousand units. While FMI still estimates the label applicators market to grow significantly, Due to significant growth recorded in end use industries for high-speed labelling solutions across the globe.

According to FMI, Asia-Pacific accounts for 34% of sales of label applicators in 2022 and is anticipated to account for 39% of sales in 2028. Global label applicators market forms around 4-5% of the global packaging machinery market worth ~US$ 58 billion in 2021.

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Label Applicator Market: Key Trends

Among a slew of growth factors, technological advancements spawn new prospects in the label applicator market. Witnessing the benefits of advanced machines, keen players are investing to manufacture advanced label applicator machines, and capitalize on the growth opportunities.

At its basic, label applicator is a type of machine that is used to stick pressure-sensitive labels directly on products such as containers, packages, bottles, or drums. Label applicator machines are loaded with rolls of labels to be applied on products. The label applicators are loaded with self-adhesive labels, which can generate gum and stick on the products with pressure from the machine.

The ever-lasting need of label applicator for application of label across a host of industry sectors such as chemicals, food and beverages, and packaging cements growth in the label applicator market.

Market Outlook for Label Applicators: Past and Future
On account of the increased need for goods that are properly marked and labelled, the global market for label applicators is projected to rise at a 5.4% CAGR between 2022 and 2028. Additionally, over the anticipated time, there is predicted to be an increase in knowledge of proper labelling among numerous end-use industries and brand owners, such as the food, beverage, and pharmaceutical industries.

Productivity and customer satisfaction can both rise along with time and money savings when products are transported quickly and effectively. Manufacturers who still manually label products have difficulties with next-level production and distribution process delays.

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Competitive Landscape

The key players operating in the label applicators market are eyeing expanding their presence by investing in operational facilities along with increasing their output capacity. Also, the players are launching innovative packaging and labelling technologies:-

  • In November 2021, Gernep Worldwide partnered with Herma GmbH for integrating Herma 500 Rotary in their production line to apply labels at ketchup bottles.
  • In October 2021, ProMach won the 2021 Technology Excellence Award at Pack Expo for its new rotary roll-fed labeller.

Key Companies Profiled

  • ProMach, Inc.
  • Herma GmbH
  • Quadrel Labeling Systems
  • Label-Aire, Inc.
  • In-Line Labeling Equipment, Inc.
  • ALTech UK labeling Technologies Ltd.
  • Universal Labeling Systems
  • Weber Packaging Solutions, Inc.
  • CTM Labeling Systems
  • JDA Progress Industries Ltd.

Label Applicators Market by Category

By Automation:

  • Semi-Automatic
  • Automatic

By Speed:

  • Less Than 1,000 IPM
  • 1001 – 2,500 IPM
  • Above 2,500 IPM

*IPM- Inches per Minute

By Application:

  • Bottles
  • Vials
  • Pouches
  • Boxes & Carton
  • Trays
  • Others

Table of Content

1. Executive Summary

1.1. Global Market Overview

1.2. Market Analysis

1.3. Analysis and Recommendations

2. Market Overview

2.1. Market Definition

2.2. Market Coverage

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

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About Future Market Insights, Inc.

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

Contact Us:

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Browse Latest Market reports: https://www.futuremarketinsights.com/reports

 

Healthcare IT Outsourcing Market: Worldwide Industry Analysis and New Market Opportunities Explored By 2032

Future Market Insights, in its latest business report, elaborates on the current situation of the global Healthcare IT Outsourcing market demand in terms of volume, value, production, and consumption. The report scrutinizes the market into various segments, end uses, regions, and players on the basis of demand patterns, and future prospects.

Healthcare IT Outsourcing market players – Tata Consultancy Services Limited, Accenture PLC, International Business Machines (IBM) Corporation, Dell Inc., Wipro Limitedamong others represent the global Healthcare IT Outsourcing market.

The market study depicts an extensive analysis of all the players running in the Healthcare IT Outsourcing market report based on distribution channels, local network, innovative launches, industrial penetration, production methods, and revenue generation.

Further, the market strategies and mergers & acquisitions associated with the players are enclosed in the Healthcare IT Outsourcing market report.

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On the basis of end user, the global Healthcare IT Outsourcing market study contains:

  • Hospital Information Systems
  • Pharmaceutical and Life Science Research

On the basis of Application, the global Healthcare IT Outsourcing market report covers the key segments, such as

  • Insurance
  • Medical Device Software
  • Patient Tracking
  • Remote Monitoring
  • Telemetric Systems

What key insights does the Healthcare IT Outsourcing market research provide?

  • Historical and current year revenue of related Healthcare IT Outsourcing market players analyzed at the regional level.
  • One by one company profile of prominent stakeholders.
  • Analysis of the Healthcare IT Outsourcing market size on the basis of product type and end-use type.
  • Accurate Healthcare IT Outsourcing market forecast in terms of value and volume in numbers and percentages.
  • Demand prospect of each segment covered in the report.

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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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Acrylic Paints Market to grow at a rate of 4.5% by 2032 | Get Customized Reports

The acrylic paints market is expanding on average, and between 2022 and 2032, it’s expected to rise at a CAGR of 4.5%. The development of technology-driven acrylic paint end uses is a key element fueling market growth. The development of infrastructure is essential for the market for acrylic paints to flourish, since its appeal is boosted by qualities like water resistance and better finish.

North America has been the most remunerative region for market players, owing to surging adoption of acrylic paints in construction activities. However, with the saturation of opportunities in infrastructure development projects, the North America acrylic paints market is poised to attain a mature market in the near term. As such, market players are turning to untapped regions such as Latin America and Asia Pacific (APAC) or revenue generation.

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Important Questions Answered in the Acrylic Paints Market Report

  1. How will the Acrylic Paints market expand through 2032?
  2. Which region is the most lucrative in the Acrylic Paints market?
  3. What are the recent technological developments in the Acrylic Paints market?
  4. What are key challenges and competition threats faced by Acrylic Paints market players?
  5. Who are prominent players leading the Acrylic Paints market?

Acrylic Paints Market: Key Segmentation

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Japan
  • APAC
  • Middle East & Africa

Acrylic Paints Market: Competitive Evaluation

The FMI’s Acrylic Paints market report provides a comprehensive analysis on key players operating in the Acrylic Paints market. Some of the key players are:

  • Azkonobe
  • Asian Paints India
  • BASF SE
  • Berger Paints India
  • Berkshire Hathaway

With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.

Why Buy FMI’s Report?

  • Extensive analysis on high growth niche markets across major regions
  • Detailed assessment on key segments and sub-segments
  • Recent and upcoming strategies tracked of manufacturers for the Acrylic Paints market
  • Reliable information on new product launches, technological advancements, and more
  • Valuable insights on the impact of regulatory framework on the global Acrylic Paints market

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Polybutylene Succinate Market Value to Grow by Almost US$ 158 Billion During 2022-2032

The global polybutylene succinate market demand is anticipated to be valued at US$ 76.4 Billion in 2022, forecast to grow at a CAGR of 7.5% to be valued at US$ 158 Billion from 2022 to 2032. Growth is attributed to the increased demand for Polybutylene Succinate Market, especially across end-use industries including Biomedical, packaging, agriculture among others.

Polybutylene succinate (PBS), also referred to as polytetramethylene succinate, is a biodegradable thermoplastic polyester resin synthesized by polycondensation of succinic acid with 1, 4 butanediol. Polybutylene succinate belongs to the family of biodegradable polymers, and is metabolized by microorganisms present in the ground. Moreover, Polybutylene succinate is characterized by mechanical properties that are comparable with those of widely used polymers such as polyethylene and polypropylene. The favorable properties coupled with ease of processing has resulted in emergence of a variety of application areas across diverse end use industries for Polybutylene succinate.

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Polybutylene succinate Market: Drivers & Restraints

Polybutylene succinate is biodegradable polymer, as such, the growing demand for biodegradable polymers across the globe is expected to in turn result in a steady growth of global Polybutylene succinate market. Also, growing adoption in agricultural applications such as for mulch films is expected to set the pace for growth of Polybutylene succinate market.

Furthermore, the growth in end use industries such as that in packaging industry is expected to bolster the growth of Polybutylene succinate market during the forecast period. The raw materials for Polybutylene succinate namely succinic acid and 1, 4 butanediol are produced from petroleum feedstock, as such, price of these is susceptible to fluctuations resulting from volatility of crude oil price.

This is expected to act as an impediment to the growth of Polybutylene succinate market during the forecast period. However, a recent trend witnessed among Polybutylene succinate market is that efforts are channelized towards developing bio-based Polybutylene succinate from bio based 1, 4 butanediol and succinic acid.

Polybutylene succinate Market: Region-wise Outlook

On the basis of geographic regions, global Polybutylene succinate market is segmented into seven key segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. Among the regional segments, Asia Pacific Polybutylene succinate market is expected to register fastest growth during the forecast period. The global polybutylene succinate market is expected to witness a steady growth during the forecast period.

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Polybutylene succinate Market: Key Players

Some of the identified major participants of the global polybutylene succinate market are as follows:

  • Mitsubishi Chemicals
  • Showa Denko K.K
  • PTT MCC Biochem Co., Ltd.
  • IRe Chemical Ltd.
  • Sinoven Biopolymers Inc.
  • SK Chemical
  • Kingfa Science & Technology Co.
  • Anqing Hexing chemical Co., Ltd

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 and end use industries.

The report covers exhaustive analysis on:

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

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

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Polybutylene succinate Market: Segmentation

On the basis of end use industry, the global Polybutylene succinate market has been segmented into the following key market segments:

  • Packaging
  • Agriculture
  • Textile
  • Consumer goods
  • Electronics and electrical
  • Automotive
  • Others

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Future Market Insights Inc. is Knowledge Partner at Gulf Coatings Show, Sharjah, 17-19 October 2022 where we will be launching our Market Report ‘Coatings 2022: State of the Industry in Middle East’, Register to receive a digital copy of the Market Report and to join our content sessions.

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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Sodium Nitrite Market to Hit USD 612.09 million by 2032 | Future Market Insights

The size of the sodium nitrite market was estimated at USD 401.76 million in 2022, and it is expected to grow at a CAGR of 4.3% from 2022 to 2032 and reach USD 612.09 million by 2032.

It is anticipated that the rising demand for sodium nitrite in meat curing applications will increase consumer demand and therefore result in surge of the sales of sodium nitrite. The demand for processed meat products like sausages, seafood, bacon, and ham is another factor driving the sodium nitrite market growth.

There is witnessed a high demand for sodium nitrite in a variety of sectors, including textiles, food and beverage, and pharmaceuticals. Sodium nitrite is used as a preservative, especially in the meat processing industry because it fixes colour and prevents the growth of harmful bacteria, making meat safe for consumption resulting in boost of the sodium nitrite market key trends and opportunities.

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As the pharmaceutical industry engages in research and development, demand for sodium nitrite has increased over time. The most recent demand for sodium nitrite has been to treat lung damage brought on by the coronavirus.

The Asia Pacific region is home to the majority of sodium nitrite market manufacturers and major players on the fragmented sodium nitrite market, in turn skyrocketing the sodium nitrite market future trends as well as sodium nitrite adoption trends.

The COVID-19 pandemic had a favourable effect on the demand for sodium nitrite because research and development pointed to novel adoption of sodium nitrite in treating the lung injuries brought on by the coronavirus. This has increased the adoption of sodium nitrite in the pharmaceutical industry, driving sodium nitrite market opportunities and sodium nitrite market trends and forecasts.

China, which has numerous sizable manufacturers throughout the nation, is the primary producer of the product in the Asia Pacific region. The current players in the sodium nitrite market are anticipated to engage in intense competition in order to remain competitive.

Key Takeaways:

APPLICATION INSIGHT:

  • In 2022, the sodium nitrite market has been dominated by the food and beverage segment, which had the highest sodium nitrite market share (24.0%).
  • The second-largest application segment of sodium nitrite market, corrosion inhibitors, is expected to grow at a CAGR of 4.0% during the forecast period.

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REGIONAL INSIGHT:

  • The sodium nitrite market is dominated by the Asia Pacific region, which in 2022 had a sodium nitrite market share of revenue of 74.3%.
  • Over the anticipated years, the Asia Pacific is expected to experience the highest CAGR of 4.7%.
  • In terms of revenue, Europe held the second-largest sodium nitrite market share in 2022 with over 17.0%.

COMPETITIVE LANDSCAPE:

New market research report on sodium nitrite says that Deepak; Airedale Chemical Company Ltd.; BASF SE; UralChem JSC; Shijiazhuang Fengshan Chemical Co. Ltd.; Radiant Indus Chem Pvt. Ltd.; SABIC; Chemtrade Logistics are among the legacy players vendors.

Companies like BASF SE have chosen outside distributors to provide their products to the sodium nitrite market.

The research offers a comprehensive competition analysis of these top competitors in the sodium nitrite market, including sodium nitrite market growth, sodium nitrite market share, sodium nitrite market key trends and opportunities and important sodium nitrite market statistics.

RECENT DEVELOPMENT:

  • In Thailand, the government started a sizable project in 2017 to give farmers financial assistance for purchasing organic seeds, decreasing their reliance on pesticides, and erecting physical barriers to stop contamination from adjacent farmlands. By 2022, the standard rice cultivation area is intended to be reduced by 1 million rai (160,000 ha) thanks to this programme.
  • Over 80% of the product used in pharmaceuticals, agro-based chemicals, and other industries is produced and supplied by Deepak, the largest sodium nitrite manufacturer in India.

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Key Segments  

By Application:

  • Food & Beverages
  • Corrosion Inhibitors
  • Dyes & pigments
  • Pharmaceuticals
  • Others

Future Market Insights Inc. is Knowledge Partner at Gulf Coatings Show, Sharjah, 17-19 October 2022 where we will be launching our Market Report ‘Coatings 2022: State of the Industry in Middle East’, Register to receive a digital copy of the Market Report and to join our content sessions.

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:

Unit No: 1602-006
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Phenolic Boards Market Growth and Estimations: US$ 5.0 Billion by 2032

The global phenolic board market is expected to be worth US$ 3.5 billion in 2022, rising at a CAGR of 3.63% to be worth US$ 5.0 billion by 2032. The global utilisation of phenolic boards in the Chemicals & Materials industry is driving the market’s expansion.

Phenolic board is plywood like material which is manufactured with the help of woven fabrics/ high density thermo-setting cellulose fabrics along with phenolic resins. Phenolic board is also known by the name of phenolic panels. Phenolic board is not made from wood, therefore it does not have problems related to plywood. Phenolic board is manufactured by compressing/pressing woven fabrics/cellulose fabrics with phenolic resins under high pressure. Phenolic boards have high UV resistance, chemical resistance, moisture resistance and abrasion resistance along with high mechanical strength.

On the core surface of phenolic boards numerous materials such as laminates, wood panels can be used, owing to its characteristic properties it is used for different purposes in building and construction industry. Phenolic boards is used in the construction of small cabins or cubicles for changing room, toilets, bathroom etc. Phenolic boards are also used in furniture making and construction of lockers used in changing rooms. Phenolic boards are also used as partitions and as countertops for wash basin/sinks. Phenolic boards can also be used for façade cladding. Phenolic boards in combination with phenolic foams can be used as insulating panels. Phenolic boards are available in different colors as well as different finishes.

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Phenolic Board Market: Regional Outlook

Growing population and rising urbanization has resulted into rise in the number of building & construction activities in Asia Pacific region. Also in the recent years there is substantial rise in residential as well as commercial construction activities especially in the countries such as India and China, owing to which Asia Pacific can be attributed as a prominent market for phenolic board. In the regions such as Europe and North America there is rising demand efficient materials with characteristic properties for building & construction owing to which North America and Europe can be considered as potential markets for phenolic board. Increasing urbanization has resulted into rise in the building & construction activities in Latin America coupled with elevating commercial construction in Middle East & Africa, collectively makes LAMEA a promising market for phenolic board.

Phenolic Board Market: Key Participants

Some of the key participants identified in the global phenolic board market are:

SPIGO Group, Guangdong Yuhua Building Materials Co., Ltd., Mega Plywood Corp., Kingspan Insulation, Sekisui Chemical, Asahi Kasei, Jinan Shengquan Group, Langfang Sanxing Chemical, Linyi Longser Imp. & Exp. Co., Ltd., Linyi Haoqing Wood Co., Ltd., Linyi Baochen Wood Co., Ltd., Shandong Jitong Board Industry Co., Ltd., Stonewood Architectural Panel and Fiberesin Industries among others.

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

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Phenolic Board Market: Segmentation

The global phenolic board market can be segmented on the basis of its thickness, application and end-use:

The global phenolic board market can be segmented on the basis of its thickness:

  • ≤40 mm
  • >40 mm

The global phenolic board market can be segmented on the basis of its application:

  • Building & Construction
  • Interior (Bathroom & Toilet Partitions, Interior Partitions, Cubicles etc.)
  • Exterior (Wall Claddings)
  • Insulation Panel
  • Furniture
  • Others (Countertops, screens, truck beds)

The global phenolic board market is segmented on the basis of its end-use:

  • Residential
  • Commercial
  • Industrial

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

Feel free to ask your queries @ https://www.futuremarketinsights.com/ask-question/rep-gb-10122

Future Market Insights Inc. is Knowledge Partner at Gulf Coatings Show, Sharjah, 17-19 October 2022 where we will be launching our Market Report ‘Coatings 2022: State of the Industry in Middle East’, Register to receive a digital copy of the Market Report and to join our content sessions.

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:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com