Market Research Blog – Page 10641 – New Product Development

Hang Tags Market Growth By Rising Demand of E-commerce, Clothing, Retail And Food & Beverages Industry

Hang tags are now used in a variety of businesses outside textiles and apparel, including food, hospitality and travel, and beauty and personal care. This will enable sales in the hang tag market, according to a study by Future Market Insights (FMI). By 2021, the market is expected to be worth US$ 1.7 billion. Hang tags are a popular label/tag solution that are typically used with or affixed to goods to display information about the item. Hang tags are also seen to be a good way to brand products and give them a nice appearance.

There are various types of hang tags available, including those made of paper, fabric, and plastic. Paper hang tags, in particular, are in high demand. Shifting millennials’ purchasing habits from brick-and-mortar to online shopping has raised clothes and apparel sales significantly, and this will be one of the primary drivers driving the hang tag industry. The clothing and apparel industry’s rising demand will continue to fuel expansion. In 2021, it is estimated to account for more than 60% of market sales.

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Who is Winning?

CCL Industries Inc,
Sato Holdings Corporation ,
Nilorn Group

are the top players operating in the hang tags market. Furthermore,

St. Louis Tag Company,
Bornemann-Etiketten GmbH,
WunderLabel Company,
Dortex Werbung und Vertrieb mbH, F
inotex USA Corporation and
Pacific Coast Bach Label Inc

are also the noticeable players in the hang tags market. The Tier 3 players in the market hold 80-85% in the global hang tags market. In conclusion, key players contribute almost 15-20% of the global market.

Key Takeaways from Hang Tags Market

After a period of lackluster sales, hang tags market will register 5.2% CAGR between 2021 and 2031
The U.S. will remain the chief hang tags market in North America, accounting for over 80% of sales
Expansion of beauty and personal care industry will aid growth in the U.K.
Presence of a growing textile industry will drive the India market for hang tags
Increasing demand from food and beverages sector will support growth in China

“Incorporation of eye catchy printings on hang tags coupled with smooth finishing make them exceptional brand communicators with target audience. Emergence of hang tags as an effective medium of interaction between item and customers has catapulted its popularity among the brand owners. This popularity for hang tags among the brand owners has transformed into lucrative opportunities for hang tags manufacturers” says FMI analyst.

Printing on Hang Tags to Elevate Brand Image of Product

Leading as well as small food & beverages, beauty and personal care, clothing and apparel industry players across the globe are preferring labelling solutions such as hang tags, loop tags, and swing tags for brand promotion and attract end-use customers. Printing on hang tags with precise product information helps brand owners to differentiate their products from competitor’s products already available in the market.

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Hang tags can be printed with several printing options such as flexo printing, direct thermal and thermal transfer, and others as per the requirement. These custom printing options able to print all sorts of prints on hang tags starting from barcodes to track your product to any other form of information as per the customer needs. Quality of print on hang tags plays a pivotal role in hang tags aesthetic look and its finishing.

Such printing on hang tags improves the overall look of hang tags and make it attractive and it also gains the attention of consumer towards the product. Availability of such advanced printing options is offering several opportunities to hang tags manufacturers to design and manufacture more attractive and catchy hang tags to attract a major portion of customers in the market.

Impact of COVID-19 on Hang Tags Market

Global wave of COVID-19 pandemic has induced moderate impact on the sales of hang tags in the market. Substantial portion of demand for hang tags is derived from clothing & apparels, hospitality and travel and food & beverages sectors. Stringent lockdown in several regions including North America, Europe and Asia has created negative impact on these industries in terms of demand and supply.

Lesser demand generation for hang tags from these industries resulted in stagnant market growth for hang tags amid the COVID-19 period. Furthermore, the second wave of pandemic in some countries, halt the production of manufacturers including hang tags producers which will further limit the sales of hang tags for certain period. Nevertheless, factors such as recovery from outbreak, revised demand & supply of raw materials in production plants is estimated to fuels the sales of hang tags in the later part of 2021.

Hang Tags Market by Category

Material Type

Paper
Plastic
- PVC
- PP
- PET/BOPET
- Other Composite Material
Fabric

Tag Type

Hang Tag/Swing Tag
Loop Tag

Printing Technology

Direct Thermal
Thermal Transfer
Flexo Printing
Offset and Screen Printing
Laser Printing

End-use

Clothing and Apparels
Food and Beverages
Hospitality and Travel
Beauty and Personal Care
Consumer Electronics
Others

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Region

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

About Us
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
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Signage Market is set to exhibit growth at a CAGR of 6.3% During 2022 to 2031

The global signage market is slated to witness a CAGR of 6.3% between 2022 and 2031, reaching US$ 63.3 Bn by the year 2031.

The retail industry is witnessing structural changes along with the adoption of refined strategies that will have a direct impact on the demand for signages. Highly fragmented market and increasing competition for offline stores from e-commerce businesses have resulted in changes in the conventional retail. As per a study by Future Market Insights (FMI), this will create attractive scope for the expansion of the signage market between 2021 and 2031.

Signage for retail stores can be made in different sizes and forms based on location of installation and intent of the business, but they all have the same purpose to attract customers and increase the awareness about the brand. Signage design plays a vital part in increasing the sales of the business. Signage design is the first brand impression that many customers remember about a brand. A good signage communicates products and services of company and what can a customer can expect from the company.

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For instance, McDonald’s emphasis on signage presentation at every location of theirs helps in enhancing their brand value in the minds of the customers. The company makes sure that it installs signage to reinforce branding at every new location.

There also is high focus on outdoor signages as businesses seek to read a wider audience. As per FMI, outdoor signages will account for over 60% of sales in the market in terms of products available. Meanwhile, rising demand from supermarkets and hypermarkets will continue supporting growth.

Key Takeaways of Signage Market Study

Rising at 6.4% CAGR between 2021 and 2031, signage market will grow in response to expansion of the retail sector
Presence of a high number of supermarkets and hypermarket makes the U.S. dominant. It is expected to account for over 85% of sales in North America
Focus on outdoor digital advertising will drive the U.K. market at 2% y-o-y growth in 2021
Expansion of the retail sector will position India as a key market for signage sales within South Asia
China’s bustling retail sector will catapult it as a chief signage market within East Asia

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“Marketers are keenly focusing on investing on advertisement to grab customers’ attention which is a challenging task. Digital signage have the potential to overcome the challenges associated with conventional advertising. A major trend observed recently is replacement of conventional signage with digital signage at multiple locations.” says an FMI analyst.

Cost Effectiveness of Signage Creating Lucrative Opportunity

Companies need to assure that their marketing investment is being used wisely and no business would be interested in wasting the money on a signage that would not help in increasing the footfall. Businesses need to clearly know the intent of what they want to achieve by signage advertising.

A signage helps the businesses to grow in the long term when compared to other marketing efforts, for instance, an ad in the newspaper. This serves or caters to achieve the short term marketing goal of the business. However, signage can help the business build their brand. With the integration of technology, brands can use digital signage which can be changed with minimum efforts every time the business wants to revise its marketing strategy.

Signage are cost effective marketing solutions, even though the initial cost might be high it’s worth to invest in a quality product which can reap benefits for a longer duration by minimizing maintenance costs. Moreover, there is no specific time for the signage marketing to work as it reaches out to anyone who passes by the signage at any point of the day or night.

Impact of COVID-19 on Signage Market

Pre COVID-19 witnessed an accelerated growth owing to digital innovations in outdoor advertising. Post the pandemic companies have taken their steps back and scaled their investments on advertising. Companies were concerned about buying outdoor spaces as the world was hit with lockdowns resulting in few people stepping out of their homes. Coronavirus has led to an immediate decline in advertising spending by businesses.

Multiple media agencies and businesses have paused their spending on advertisement owing to economic slowdown heat faced by numerous brands. In an optimistic scenario, governments of various nations have emerged as advertising buyers to promote health and safety messages associated with the COVID-19.

Who is Winning?
FASTSIGNS International. Inc., Signarama, Walton Signage Corporation, R.R. Donnelley & Sons Company, Impact Signs Inc., Back Bay Sign Company, Pearce Signs Group, Sovereign Signs (Strata Holdings Limited), HNS Signs Ltd, Allsigns International Ltd, Harrisons Signs Limited, Benson Signs Ltd., Lavastar Signs Ltd, National Signs Ltd, Signs Express Ltd, Dlinexsign Ltd and One Digital Signage Ltd. are prominent players in the signage market. The signage market is highly fragmented and the Tier 1 players in the market hold 15–20% share in the global signage market.

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Key Segments Covered In Signage Industry Research

Product Type:

In-store Signage

Promotional Signage
Directional Signage

Outdoor Signage

Promotional Signage
Directional Signage

End-use:

Supermarkets & Hypermarkets
Stores
Schools & Offices
Industrial Sectors
Entertainment
Others

Frequently Asked Questions

How much is the Signage market currently worth?
What is the sales forecast for Signage through 2031?
What was last 6-year market CAGR for the sales of Signage?
Who are the key manufacturing companies for Signage?
What’s with the Asian region?

Rain Barrels Market is expected to reach US$ 2 Bn in 2022, likely to surge at a vigorous 5.7% CAGR

It is anticipated that the global market for rain barrels would see a boom, growing at a CAGR of 5.7% between 2022 and 2030 to reach US$ 3.3 billion. The need for rain barrels to store rainwater is expected to increase significantly over the course of the forecast period due to steady demand from well-known industries such as industrial chemicals, petroleum and lubricants, drinks, and paints, inks, and dyes.

The demand for rain barrels has been fueled by the growing need for access to clean, safe drinking water and more environmentally friendly methods of keeping it. Additionally, the market will benefit from technology developments like heat sealing and thermoforming aimed at enhancing rain barrel functionality. Manufacturers are displaying a stronger preference for biodegradable packaging as a result of the increased emphasis on recycling. The sales of plastic rain barrels are increasing as a result.

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“Global warming and changing climatic condition is increasing the need for rain water preservation, which is accelerating the sales of rain barrels,” remarks the FMI analyst.

Main Points

Food-grade rain barrel demand is anticipated to increase relative to other categories during the projection period.
The market is being dominated by the food and beverage sector.
Through 2021, the U.S. is anticipated to make up over 85% of all sales.
France and Germany are expected to be among the most lucrative markets.
China will likely become a significant rain barrel market by 2030, followed by Canada, where plastic will increase at a rate of about 5.9% CAGR.
Rain barrels with capacities of 75-125 gallons are expected to generate the highest sales in the future years.

Rain Barrels Demand Analysis (2015 to 2021) Vs Market Outlook (2022 to 2030)

According to the WHO, nearly 1.1 billion people all across do not have access to safe and clean drinking water, while 2.6 billion people lack basic sanitation facilities. Major uses of water include individual, domestic, agricultural, household, and industrial. To support the growing requirements of the population, one needs to conserve and use water sustainably.

Climate change and global warming are also playing a major role in increasing demand for water and creating water shortage plants in many parts of the world. Effective water management is required to keep water hygienic and safe to use. Rainwater harvesting is an effective way of water conservation that could be carried out easily at home to enhance the volume of water for usage. Rainwater could be later used for watering plants, cleaning gardens, and lawns.

Key Restraints

Smaller size rain barrels to limit the potential rain water collection
Laborious construction of multiple rain barrels to limit the growth of the market

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Competitive Landscape

Key companies operating in rain barrels market profiled by FMI include

ORBIS Corporation,
Capi Europe B.V.,
GRAI GMBH,
Koolatron Corporation,
ROTO Group UK,
WISY AG,
The Barrel Makers,
Kingfisher Direct Ltd.,
Etills Limited,
Oaklands Group LTD.,
Good Ideas Inc.,
Algreen Products Inc.,
Bosmere Products Ltd., and
Emsco Group among others.

In 2021, ORBIS Corporation offered new frame work for inbound food and beverage applications to protect the product during the transportation process by utilizing full pallet loads of beverage products.

Algreen Products Inc. are focusing on developing sustainable and green products such as castilla rain barrel, Athena rain barrel, cascata rain barrels and others at affordable prices to generate the revenue prospects for upcoming years.

Key Segments Covered in Rain Barrels Industry Research

Capacity Type

25-75 gallons
75-125 gallons
125-175 gallons
Above 175 gallons

Material Type

Metal
Plastic
Wood
Concrete & Clay

Head Type

Open Head
Tight Head

Region

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

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About Us

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
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Coffee Filter Paper Market is extrapolated to reach a Value of US$ 247.1 Bn by 2030

ESOMAR-certified consulting firm Future Market Insights’ coffee filter paper market report expects a significantly positive outlook through 2022, expected to surpass nearly US$ 877.3 Mn. Rising demand for incorporating sustainable packaging solutions is primarily underpinning expansion prospects. Furthermore, FMI projects a CAGR of nearly 4.9% through 2030.

Global coffee consumption increased by 1.3% in FY 2020-22, as social distancing measures were enforced, reports the International Coffee Organization. While analysts project a significant upswing, apprehensions abound regarding a possible deficit onset. According to Brazilian forecasting agency CONAB, less than 50 million bags are likely to be harvested in April 2021, compared to 63 million bags the previous year. Hence, sales of coffee filters are likely to take a dip for the short term.

Fortunately, markets such as India are expected to post credible gains, with production likely to increase to 5.3 million bags, stimulated by favorable weather as yields of Arabica and Robusta varieties improve. In spite of the inconsistencies in coffee production, demand for coffee filter will continue rising amid adequate supply of coffee across organized retail sectors.

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“Prominent manufacturers are increasingly targeting emerging economies across the Asia-Pacific and South America, given their heightened global coffee production volumes, generating highly lucrative revenue pools for the upcoming forecast period,” remarks an FMI analyst.

Key Segments Covered in Coffee Filter Paper Industry Research

Product Type

Cone Filter
Basket Filter
V Cone Filter
Disc Filter
Drip Bag Coffee Filter
Others

Material Type

Bleached Paper
Unbleached Paper

Thickness

Up to 20 GSM
20 to 40 GSM
Above 40 GSM

End-Use

Commercial Use
Institutional Use
Household Use

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Key Takeaways from FMI’s Coffee Filter Paper Market Study

By product type, cone and basket coffee filters to generate half of the total revenue
20 to 40 GSM coffee filter papers to expand nearly twofold throughout the forecast period
High uptake is expected across institutional frameworks, generating over US$ 100 Mn incremental opportunity
Preference for unbleached coffee filters is expected to register a significant incline
US to account for over four out of five coffee filter paper sales across North America
Growing number of specialty coffee shops to fuel sales across the UK
Brazil to remain the global coffee filter paper powerhouse, given its lucrative share in global coffee production

Coffee Filter Paper Market- Prominent Drivers

Increasing demand for paper based packaging to promote sustainability is heightening sales
Easy availability attributed to the widening development organized retail is increasing coffee filter paper penetration
Emerging markets such as Brazil & India are expected to emerge as key coffee filter paper manufacturing hubs, attributed to increased coffee production

Coffee Filter Paper Market- Key Restraints

Preference for low-calorie beverage is limiting global coffee consumption, leading to dwindling coffee filter paper sales
Availability of substitutes such as automatic and semi-automatic filter machine to pose a significant challenge

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Competitive Landscape

Prominent coffee filter paper manufacturers in FMI’s analysis include Ahlstrom-Munskjö Oyj., Riensch & Held GmbH & Co. KG, BV Filtropa, TERRANOVA PAPERS SA, Neu Kaliss Spezialpaper GmbH, Melitta, Glatfelter Corporation, Purico Group Limited, KONOS GmbH, Animo B.V., Rockline Industries, Twin Rivers Paper Company and Thomas & Green. Offering sustainable packaging solutions remains the core marketing strategy of a majority of these manufacturers.

In 2018, Ahlstrom- Munskjö Oyj inaugurated a new plant in Madisonville, US, for furthering its high performance filtration material business, in growing response to demand for high performance material across engine and industrial applications. The investment has also proven beneficial for furthering the company’s packaging business, including coffee filter paper manufacturing.

Also, with regard to sustainable product offering, Riensch & Held manufactures the Finium® range of biodegradable paper tea and coffee filters. These unbleached paper filters are made of cellulose, manufactured without addition of adhesives or other binding agents.

Vaccine Packaging Market is projected to reach US$ 3.5 Bn by 2030, at a CAGR of 13.2%

According to FMI, the vaccine packaging market produced approximately US$ 1.1 Bn in total sales in 2021. The global market for vaccine packaging is expected to increase three times from its current value by the end of the forecast period in 2030. The market for vaccine packaging is expected to reach US$ 3.5 Billion by 2030, at a CAGR of 13.2% from 2022 to 2030, from an estimated US$ 1.3 Billion in 2022. A recent FMI estimate projects that the worldwide vaccine packaging market would create an additional opportunity worth US$ 2.3 billion over the projection period.

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The report covers various factors affecting the Vaccine Packaging market. FMI provides in-depth insights into the market. It presents the study in a coherent chapter-wise format, interspersed with data and relevant info graphics. The report adopts an analytical approach to help our clients get better understanding about the market. Our expert market research analysts in the food & beverage industry domain carries out an extensive primary and secondary research with the help of digital intelligence for optimized decision making.

What is the Future Outlook for the Vaccine Market?

Vaccines will continue to play a critical role in the control of infectious illnesses. As vaccine research improves, the therapeutic prospects in the field of non-infectious illnesses will expand even further. Recombinant vaccines, designed vectors are anticipated to be seeing growing interest in vaccine technology. As per World Health Organization (WHO), the global vaccination rate is estimated to be over 85%.

Considering vaccinations enormous and expanding clinical impact, the global industry is becoming increasingly lucrative. Vaccine coverage in globe has been seen a declined from 86% to 83% in 2020 and the number of unvaccinated children has increased 3.4 Mn by 2020. In the year 2020, 19 vaccines were introduced, which is less than half of any year in the previous two decades.

Competitive Landscape

By 2030, Europe and North America are expected to dominate the global vaccine packaging market, with a market value share of almost 50%.

The market’s top players are aiming to expand their worldwide presence, increase their product offering, and accelerate the development process to obtain a competitive advantage. In addition, most industries are using marketing methods like mergers and acquisitions to expand their market reach and improve their position.

For instance,

In January 2022, Gerresheimer is improving its capacity for glass vials at its Wertheim site as well as at two other locations in China and the United States. The company is investing in Wertheim production to increase vial capacity by 150 Mn vials per year, with plans to create 70 new jobs in the process.
In October 2021, Becton Dickinson expands syringe production in the US. It claimed that it had decided to add production lines for safe operation injection devices at its Nebraska facility in order to increase stock of syringes as the US enters the flu vaccination period while giving patients COVID-19 jabs.

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Key Companies Profiled

Gerresheimer AG
West Pharmaceutical Services, Inc
Becton, Dickinson & Company
SCHOTT AG
SGD S.A.
Catalent, Inc
Stevanato Group
Nipro Corporation
Piramal Glass Private Limited
UDG Healthcare plc

Impact of COVID-19 on the vaccine packaging market

Since COVID-19, the global vaccine packaging market is expected to grow tremendously. This is due to the increased consumption of vaccines among consumers in COVID-19 to reduce the effects of viral infections and maintain good health. The vaccine packaging market is estimated to grow at double-digit growth rates as demand for vaccines grows exponentially in diagnostic centers, hospitals and other medical institutions. Global adoption of vaccine packages will surge in value by nearly 3.5 times between 2020 and 2030, according to FMI analysis.

Key segment

Packaging type

Vial
Prefilled syringe
ampoule
Bag and pouch

material

plastic
Glass
polystyrene
Others (metal film)

End use

Diagnostic Center
Clinical research institute
Other healthcare units

Important Questions Answered in the Vaccine Packaging Market Report

Which end user is expected to create lucrative growth opportunities for the global Vaccine Packaging market?
How is the Vaccine Packaging market likely to evolve in the upcoming years?
What are the upcoming trends and opportunities likely to prevail the Vaccine Packaging market in the future?
What innovative strategies are adopted by Vaccine Packaging market players to stay ahead of the pack?
Which region is expected to be the most lucrative region for the Vaccine Packaging market?
What are the restraints affecting the growth of the global Vaccine Packaging market?

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Have a Look at Related Research Reports of Packaging

Packaging Inserts Market Value: Packaging inserts sales are projected to increase at a healthy CAGR of 4.5% over the forecast period, to top a valuation of US$ 3.5 Bn by 2032
Metal Banding Machine Market Demand: The global metal banding machine market is projected to witness growth at a healthy CAGR of 3.9% from 2022 to 2032 and reach a valuation of US$ 1 Bn by 2032

Reusable Water Bottles Market Type: The reusable water bottles market is enjoyed a valuation of US$ 8.9 Billion in 2022, and further expand at a CAGR of 3.6% to reach US$ 12.7 Billion by 2032

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Beverage Crates Market is expected to surpass US$ 543.9 Mn by 2030, likely to Grow Moderately at 4.9% CAGR

The worldwide beverage crates market is scheduled to witness a really good CAGR of 4.9% somewhere in the range of 2022 and 2030, arriving at US$ 543.9 Mn.

The beverage crates market is extending consistently attributable to the ascent sought after in different applications like filtered water, brew, wine, organic product juices, and others. A new report by Future Market Insights (FMI) states that the worldwide beverage crates market is supposed to develop at 4.9% CAGR during the gauge time frame somewhere in the range of 2022 and 2030.”

According to FMI, East Asia will continue to hold the leading share in the global market for beverage crates. COVID-19 has resulted in temporary decline in growth of the global food & beverages industry causing sales of beverages crates to decelerate. However, it is poised to recover steadily as sales pick up with the recovery of the food & beverages sector.

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Studies reveal that COVID-19 has accelerated the trend towards sobriety. An Opium survey revealed that around 14 million people in the U.K. are trying to either reduce or stop drinking alcoholic beverages during lockdown. Consequently the non-alcoholic segment is exploding, which will continue creating lucrative prospects for growth of the beverage crates market.

FMI offers a thorough analysis of the global market along with information on growth drivers, restraints, and potential.

The following are some of the report’s main conclusions:

HDPE will continue to be a highly favoured material for usage in beverage crates.
Through the projection period, demand for nestable and stackable beverage crates will increase.
Increasing use of beverage crates for alcoholic beverages is anticipated to stimulate market expansion during the anticipated time frame.
Market share for beverage crates will be dominated by East Asia.
China is anticipated to become the region’s most lucrative market for beverage crates, followed by Europe as another prosperous region in the global market.

Who is Winning?

The key players in the global beverage crates market are operating amid cut-throat competition. In order to sail through the highly competitive environment, they are launching more varieties of quality products.

For instance,

Supreme Industries Limited launched its new range of nestable and stackable crates such as NS CRATE SCH, NS CRATE SSP, NS CRATE STP, NS CRATE NESTING, NS CRATE STACKING, and others in the year 2022
TranPak, Inc. launched its new extensive range of beverage crates such as VersaCrate 6,7”, Macro Bin 26 Solid, and others in the year 2021

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Key Companies Profiled

Brambles Limited
Supreme Industries Limited
Schoeller Allibert Services B.V.
DS Smith Plc
Rehrig Pacific Company, Inc.
TranPak, Inc.
IPL Plastics Inc.
Ravensbourn Plastics Ltd
Craemer UK Ltd
Zhejiang Zhengji Plastic Industry Co. Ltd.
Myers Industries, Inc.

COVID-19 Impact Analysis

The beverage crates market got highly affected due to the outbreak of the novel coronavirus, especially during the first half of this year. Various restraints such as non-operational manufacturing units, shortage of labors, and others have led to decline in the growth of the market.

Though the food & beverages industry got battered in the onset of the pandemic earlier in this year, it is recovering slowly and forecast to grow further. According to the National Statistics of the United States, the food & beverages segment in the United States is projected to reach US$ 18,702 million by 2021. With the world settling down to the ‘new normal,’ the market also has started recovering steadily and is expected to grow exponentially through 2030.

Key Segments Covered in Beverage Crates Industry Research

Beverage Crates Market by Material Type:

HDPE (High-density polyethylene)
PP (polypropylene)
Others

Beverage Crates Market by Product Type:

Nestable and Stackable
Collapsible

Beverage Crates Market by Application:

Alcoholic Drinks
- Beer
- Wine
- Spirits
- Other Alcoholic Beverages
Non-alcoholic drinks
- Fruit juices
- Carbonated drinks or soda
- RTD beverages
- Bottled water
- Tea & coffee
- Milk Products

Beverage Crates Market by Region:

North America Beverage Crates Market
Latin America Beverage Crates Market
Europe Beverage Crates Market
East Asia Beverage Crates Market
South Asia Beverage Crates Market
Oceania Beverage Crates Market
Middle East & Africa (MEA) Beverage Crates Market

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Have a Look at Related Research Reports of Packaging

Strip Pack Market Sales: The global strip pack market is projected to secure a bearish CAGR of 5.2% during the forecast period, and attain a value of US$ 166.0 Mn by 2032

Glass Cosmetic Bottle Market: The global glass cosmetic bottle market is anticipated to exhibit growth at a CAGR of 4.4% from 2022 to 2032 and reach a valuation of US$ 5.4 Bn by 2032

Packaging Inserts Market Value: Packaging inserts sales are projected to increase at a healthy CAGR of 4.5% over the forecast period, to top a valuation of US$ 3.5 Bn by 2032

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Point-Of-Care Genetic Testing Market Study: An Emerging Hint of Opportunity by 2027

Based on geography, the point-of-care genetic testing market is segmented into North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle & Africa. Sustained implementation of point-of-care genetic testing requires that new technologies address the need of targeted settings. The combined power of microfluidics and smartphone technologies will be going to boost the market of point-of-care molecular testing. The US is recognized at the top country in the sector of Point-of-Care genetic testing market because of technological advancement, awareness among the population and high per capita income. In Europe, Germany is also recognized as the market player in this industry. Asia-Pacific is expected witness significant growth rate in the coming years due to increasing investment in cancer research, increasing awareness and funding by government to curb the prevalence of infectious diseases and active participation of corporates in the healthcare technologies.

Point-of-Care testing is defined as the clinical testing performed at or near the site where clinical care is being given to the patient. It can be performed by patients itself or any personnel. Consecutively, analyzing the DNA and finding out the best treatment option based on the genetic makeup of the patient constitute Point-of-Care genetic testing. This is a fast and quick technique based on personal genomics so to allow the efficient functioning of the drug. The idea behind this point-of-care genetic testing approach is to reduce the diagnosis time, inconvenience faced by patients and to follow personalized medicine approach for specific patient. Generally, all the diseases are combination of various genetic factors, and current genetic testing techniques require a lot of time in analyzing the problem. As a result, the use of Point-of Care genetic testing systems is prevalent in quickly diagnosing and guiding the doctors to head in a right direction.

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Point-of-Care Genetic testing involves amplification of genetic material and then real-time analysis to detect the genetic variations among people. The first point-of-care version of a real-time nucleic acid detection system is the Cepheid’s Xpert system, going to be launched this year. It combines fully integrated sample preparation for amplification and detection process. This system is designed to purify, concentrate, detect, and recognize targeted nucleic acid sequences delivering diagnosis using unprocessed samples approximately within 30 minutes.

Point-of-Care Genetic Testing Market: Drivers & Restraints

The point-of-care genetic testing technology possesses convenient and immediate action for a therapeutic condition. The growth is likely to continue with the aim of providing less costly and closer to patients care. The use of genetics has become prominent nowadays in almost every pediatric condition, and this technology overcomes the limitations and challenges of current molecular testing techniques. Pressure on healthcare budgets and the trend to patient-centered care might be perceived as problems confined to the developed world. Moreover, the increase in population and westernization in the developing countries like China and India links it with the increase in the healthcare problems. Due to poverty and lack of sources, Point-of-Care genetic testing technology has a major scope in these countries by providing diagnostics available at low prices and at patient’s bedside. There are some technological limitations like failure to detect abnormal results, standardization, technological expertise, algorithmic & software complications, higher cost of maintenance & repair, poor tests result in case of contaminated samples, and sample specificity in the use of point-of-care genetic testing systems. In addition, the high cost of Point-of-Care genetic test and limited reimbursement support is hindering the growth of point-of-care genetic testing market.

Point-of-Care Genetic Testing Market: Key Players

Cepheid, IQuum, Biocartis, Abbott, Idaho Technologies, ThermoFisher, Roche, Optigene, Lumora are some of the global key players in point-of-care genetic testing. In 2016, Biocartis Idylla’s distribution rights were also granted to Thermofisher in the US. The Idylla platform is a fully integrated system enabling laboratories to perform a broad range of applications in oncology and beyond. But in 2014, Iquum’s Liat Analyzers’ rights were acquired by Roche Molecular Diagnostics.

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Point-of-Care Genetic Testing Market: Segmentation

Segmentation by Product Type

POCT Cancer kits
Molecular POC kits
POCT in Antibiotic Therapies
Assay Cartridge

Segmentation by End User

Research Laboratory
Diagnostic labs
Bio-Pharmaceutical Industry
Academic Institutions

Segmentation by Application

Drug discovery and research
Treatment Analysis
Diagnosis

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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

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Smart Insulin Pens Market New Technological Development Projecting Massive Growth till 2031

ESOMAR-certified consulting firm Future Market Insights (FMI) projects the global smart insulin pens market is likely to surpass the billion dollar mark by 2021, expanding at a positive CAGR, as per a newly published research report. A stupendous double digit growth rate has been predicted for the market in the long-run. Growing preference for non-invasive treatment and the ever widening diabetes burden are likely to steer the market in a forward direction.

According to FMI’s report, the market posted significant gains in the past, with Bluetooth smart insulin pens generating over 30% of the revenue share in 2017. Also, according to the International Diabetes Federation, presently, just under half a billion people are living with diabetes worldwide, and their number is projected to increase by 25% in 2030, and 51% by 2045 respectively.

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Manufacturers, therefore, are leveraging these trends to introduce novel and innovative product lines, enabling them to secure a firm footing in the market. In November 2020, for instance, Medtronic launched its InPen^TMsmart insulin device equipped with real-time Guardian^TMConnect CGM Data- the first smart insulin pen for diabetics on multiple daily injections. Recently, in April 2021, BioCorp and Roche Diabetes Care launched the Mallya smart insulin pen device in France.

Key Takeaways from FMI’s Smart Insulin Pens Market Report

By connectivity, Bluetooth connected smart insulin pens to account for over half of the revenue share by 2031
By indication, type 2 diabetes treatment to account for the bulk of smart insulin pens deployment
Retail pharmacies were the primary distribution channels for smart insulin pens, e-commerce sales spiking rapidly
US to experience credible growth amid increasing approval rates for new diabetes management devices
Growing preference for needle-free insulin injections to widen adoption across the UK
Germany & France to experience increased collaborations between key manufacturers in the long-run
Large concentration of regional level manufacturers to pivot growth across India and China

Smart Insulin Pens Market – Key questions answered in the report

What trends are in store for the smart insulin pens market growth?
According to FMI, the global smart insulin pens market is likely to register a multi-billion dollar valuation in the short and long-run forecasts, attributed to a general increase in the global diabetic population pool and the consequent increase in hospital workload. Demand for Bluetooth connected smart insulin pens is expected to remain especially high
Which is the most promising smart insulin pens market?
As per FMI’s analysis, demand for smart insulin pens are expected to remain high across the US market, attributed to unceasing efforts by the government to eradicate the diabetes epidemic by virtue of extensive advertising campaigns. Additionally, India and China are expected to emerge as the dominant markets in the Asia-Pacific region, characterized by the presence of numerous regional level manufacturers

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Which prominent players operate in the global smart insulin pens market?

Digital Medics Pty Ltd.,
Emperra GmbH e-Health Technologies,
Companion Medical Inc.,
Sanofi Aventis LLC,
Novo Nordisk A/S,
Eli Lily and Company,
Companion Medical,
Diabnext,
Jiangsu Delfu Medical Device Co. Ltd.,
DIAMESCO Co Ltd.,
Patients Pending Ltd (Bigfoot Biomedical Inc.),
BERLIN-CHEMIE

are some major smart insulin pens manufacturers profiled in FMI’s report

Competitive Landscape

Major insulin pens manufacturers are effectively leveraging major expansion strategies, ranging from new product launches and R&D to collaborating with existing manufacturers or outright/partial acquisition of key market players. A major emphasis is being laid on incorporating virtual technological advancements to enhance diabetes management.

In February 2021, Novo Nordisk and the University of Toronto announced a CAD 40 million investment deal to establish the Novo Nordisk Network for Healthy Populations. This network will focus on new approaches to address diabetes and aid in chronic disease prevention. This will likely help broaden smart insulin pens development.

Companies are also focusing on providing advanced software platforms, such as Digital Medics’ DiabetesPlus DataSync Software. This platform enables users to download insulin and glucose data directly from the device. Key features include downloading insulin data from the insulin pen, glucose levels from the glucose meter and synchronization of data on the Cloud for use with mobile devices.

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According to FMI’s report, the following insulin pens manufacturers currently operate in the global market:

Digital Medics Pty Ltd.
Emperra GmbH e-Health Technologies
Companion Medical Inc.
Sanofi Aventis LLC
Novo Nordisk A/S
Eli Lily and Company
Diabnext
Jiangsu Delfu Medical Device Co. Ltd.
DIAMESCO Co Ltd.
Patients Pending Ltd (Bigfoot Biomedical Inc.)
BERLIN-CHEMIE

Smart Insulin Pens Market – Key Segments Covered

Indication

Diabetes Type I
Diabetes Type II

Connectivity

Bluetooth Connected
USB Connected

Distribution Channel

Clinics & Ambulatory Surgical Centers
E-Commerce
Retail Pharmacies

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Auto-Injectors Market is expected to enjoy a valuation of US$ 3.5 Billion in 2022 | FMI

Anaphylactic shock is the most common chronic disease in Europe and North America region. Allergy UK says, approximately 20% of patients struggle with anaphylactic reaction in Europe. Anaphylactic shock requires adrenaline auto injector devices to be treated. Adrenaline auto injectors are sold under various brands, such as Emerade, Epipen and Jext in the UK. The global auto injectors market was valued at US$ US$ 1,700 Mn, in terms of value, in 2016, according to the latest research by Future Market Insights (FMI). The report on auto injectors further projects significant growth potential with average year-on-year growth rate of 15.1% through 2026.

Auto injectors are an effective mode of administration for intramuscular drugs. User friendly attributes of auto injectors reduce the burden of carrying conventional needles and syringes. However, limited awareness regarding proper use of auto injectors and high price of branded products are some of the important factors curbing the adoption of auto injector devices in emergency applications.

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Based on research conducted by the McGill University’s Health Centre Research Institute, allergic patients procuring EpiPen for emergency are not actually using the product as quickly as they should. Further, a number of patients visiting the emergency department due to severe anaphylaxis reaction are already administered epinephrine, says the Journal of Allergy and Clinical Immunology.

Failure to use auto injectors at the right time is mainly due to lack of knowledge about signs of anaphylaxis. Such lack of awareness about the disease and product creates significant challenges, in terms of product adoption, for the manufacturers. Apart from higher pricing, limited shelf life of auto-injector pen & under supply of products (Ex. EpiPen) are the major challenges hindering the patient preference for auto injectors in emergency.

Increasing innovations in materials and device functions of auto-injectors are driving the expansion of the auto injector market. In September 2015, Bayer HealthCare reported the launch of Betaconnect- an electronic auto injector for the treatment of relapsing-remitting multiple sclerosis (RRMS). This auto injector offers complete drug dosage for improved compliance and potentially reduce the overall cost. The SHL Group offers a variety of auto injectors that can accommodate changes in injections, such as larger volumes, high viscosity and others. The auto-injector manufacturers are focusing on improving the functionality of auto-injectors to improve disease management and treatment.

Fierce competition in the auto injectors market due to the patient protection act has created an oligopolistic market environment. As a result, brands, such as EpiPen auto-injector, BD Physioject disposable auto injector, etc., have maintained their ranks in the market. However, recent patient expiration and increasing pressure from government bodies will led to reduction in auto injector prices and thus, reduce the profitability for branded manufacturers.

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Generic auto injectors are expected to present high growth opportunities for investors due to growing support from private insurance providers. Insurance services providers are dropping coverage on highly priced auto injectors and covering newly launched half priced generics. Overall revenue from pre-filled syringes is expected to grow during the forecast period due to rising need for targeted and sustained drug delivery. New entrants must comprehensively study the Auto Injectors market to penetrate and sustain in the price sensitive market. The study of the market scenario will provide insights about the business opportunities

FMI has segmented the global auto injector market by product type, indication, distribution channel & regions. In terms of revenues, pre-filled auto injectors will hold substantial market share over the forecast period. On the contrary, the Fillable auto-injectors segment will exhibit limited investment opportunities, in terms of revenue, through 2026.

This FMI report covers some of the key companies operating in the auto injectors market, such as

Sanofi, Pfizer, Inc.,
Becton,
Dickinson and Company,
Mylan N.V.,
Novartis AG,
Janssen Global Services,
LLC,
Antares Pharma,
Amgen Inc.
Bayer AG, & Eli Lilly and Company.

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Key Segment

based on product type

Prefilled Auto-injectors
Fillable auto-injectors

based on distribution channel

Traditional sales channels
hospital pharmacies
retail pharmacies

based on regions

North America
Latin America
Europe
Asia Pacific Excluding Japan
Japan
MEA

About FMI:

Preimplantation Genetic Testing Market Business Growth, Size and Comprehensive Research Study Forecast to 2027 | Abbott Laboratories, Natera, Thermo Fisher Scientific

Preimplantation genetic testing or preimplantation genetic diagnosis is a technique in which the embryos prepared through in vitro fertilization are tested for defects before implantation. Preimplantation genetic testing enables physicians and to identify the defects present in the embryos and selectively implant healthy embryos in the uterus which increases the chances of delivering a genetically healthy baby.

Preimplantation genetic testing helps people to avoid the hereditary disorders that prevail in the family to be carried into the baby. The preimplantation techniques involve various steps like the collection of eggs from the mother or egg donor which are later in vitro fertilized. Fertilized eggs are then tested for various genetic conditions through screening processes.

Healthy embryos may be frozen and stored for further use whereas unfit embryos are destroyed. The healthy embryos are implanted to induce pregnancy. Preimplantation genetic testing also serves another purpose like gender selection.

However, this application is currently facing several ethical questions. The preimplantation genetic testing is currently is gaining popularity as a fertility treatment option among carriers of sex-linked genetic disorders, single gene donors, people suffering from chromosomal disorders, older women seeking pregnancy and among women who experience recurring abortions.

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Preimplantation Genetic Testing Market: Drivers & Restrains

Increasing awareness about preimplantation genetic testing among people suffering from genetic disorders is expected to drive demand for preimplantation genetic testing procedures According to the Global Genes Organization a non – profit organization aimed towards promoting needs of the rare diseases community, there are nearly 7000 distinct rare diseases and genetic or rare diseases affect nearly 350 million people globally.

Moreover according to the National Institutes of Health (NIH), about 50% people affected by rare diseases are children. Growing number of people suffering from genetic diseases are expected to increase demand for preimplantation genetic testing procedures in order to have a healthy child.

Owing to high pregnancy chances with preimplantation genetic testing procedure as compared to other fertility treatments the demand for PGI testing is expected to witness high demand among people seeking IVF treatments. Increasing applications for preimplantation genetic testing for diagnosis of diseases like cancer and other minor disabilities like deafness is expected to create high growth opportunities for preimplantation genetic testing market stakeholders.

Even though the preimplantation genetic testing market promises a health growth, restraints like the ethical issues related to preimplantation genetic testing and stringent regulatory policies may hamper the revenue growth of the market. Socio – economic concerns related to sex determination and sex discrimination of the embryo are rising issues that might restraint the development of technology in preimplantation genetic testing market.

Preimplantation Genetic Testing Market: Overview

The global preimplantation genetic testing market is expected to witness high growth over the forecast period owing to the increasing number of people seeking IVF treatment for fertility related problems and increasing awareness of preimplantation genetic testing being for avoiding birth defects among babies. Increasing adoption of preimplantation genetic testing in the developed and emerging countries is expected to create healthy growth opportunities for the market participants in the global preimplantation genetic testing market

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Preimplantation Genetic Testing Market: Region – wise Outlook

Geographically the global preimplantation genetic testing market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

Geographically North America and Western Europe are expected to dominate the market for preimplantation genetic testing owing to high awareness among the people and presence of several end users providing preimplantation genetic testing services. APEJ is expected to be the next lucrative market. Latin America and MEA regions are also expected to witness significant growth in the preimplantation genetic testing market.

The growth of preimplantation genetic testing market is mainly dependent on resolving the ethical restraints involved and introduction of effective regulations for ethical use of technology in various regions.

Preimplantation Genetic Testing Market: Market Participants

Some players in the preimplantation genetic testing market are Abbott Laboratories, Natera, Inc., Illumina, Inc., Perkin Elmer, Inc. Thermo Fisher Scientific, Inc., F. Hoffmann-La Roche Ltd and others

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 categories such as market segments, geographies, types, technology and applications.

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Preimplantation Genetic Testing Market: Segmentation

The global preimplantation genetic testing market is segmented into following key segments: by application type, by product type, by end users and by geography

Segmentation by application type