Market Research Blog – Page 11048 – New Product Development

Probiotic Cosmetics Market is Expected to Exhibit a Compound Annual Growth Rate (CAGR) of 6.9%

The probiotic cosmetics market is anticipated to achieve a valuation of US$ 302.7 Mn in 2021. Men’s growing awareness of skincare, self-care, and good appearance is going to be a major factor in the probiotic cosmetics market’s rise.

The primary goal of the players is to seduce young men. To assist them in achieving this, top cosmetic probiotic brands provide them with the best products available. Expansion of the portfolios of leading companies will help them gain a competitive edge in the market.

Men are becoming more conscious of the importance of grooming and appearance, which has increased demand for skin care and cosmetics, particularly probiotic products made specifically for men. The market for probiotic cosmetics is primarily driven by enduring self-consciousness and growing social pressure to look good.

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The top market participants’ expansion plans will also help the industry as a whole. For instance, companies like Esse, Leflore, Marie Veronique, and MenBiotics continuously spend on R&D to meet the changing preferences of their customers. Additionally, this will support the player’s efforts to increase their market share.

Key Takeaways from the Probiotic Cosmetic Market Study

In terms of product type, facial care products are projected to account for 40.2% of the total probiotic cosmetics market share in 2021. In terms of end-use, personal/individual will account for 63.0% of the total probiotic cosmetics market share in 2021.
As per FMI analysis, probiotic cosmetics demand is increasing in the United States. The US is expected to account for 88.7% of sales in North America in 2021.
The UK is a key market in Europe, registering a CAGR of 6.7% owing to higher spending on probiotic cosmetics in the country. Probiotic cosmetics sales via online sales channels will pick up pace globally.

“Cosmetic brands are expanding their penetration in the probiotic cosmetics market because probiotic reduces acne outbreaks and helps in managing eczema and dry skin. Furthermore, various brands operating in the probiotic cosmetic market are using virtual reality technology to motivate e-commerce shopping. Integration of advanced technologies facilitates personalizing online customer experiences. These advancements will drive sales in the market” says an FMI analyst.

Impact of COVID-19 on the Market

The new coronavirus outbreak had a significant impact, forcing the closure of all businesses and retail establishments that weren’t necessary. This has undermined corporate confidence, raised public anxiety, and created uncertainty about the future. Additionally, the COVID-19-related prolonged global economic downturns had a detrimental effect on the market for probiotic cosmetics.

Disruptions in the supply chain not only slowed consumer demand but also hurt the market. Additionally, the expansion of the probiotic cosmetics market was constrained by factors such as a lack of workforce, poor raw materials, a decline in the consumption of cosmetics, high production costs, and others.

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Who is Winning?

Leading manufacturers and suppliers of probiotic cosmetics are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales globally.

Major players present in the probiotic cosmetics market are L’Oreal SA, Procter & Gamble, Unilever Plc, Arbonne International LLC, KORRES SA, L’OCCITANE, Aurelia London., Johnson & Johnson Consumer Inc, Amway, Andalou, Aurelia London., BIO MILK Skincare, Columbia SkinCare., EMINENCE ORGANIC SKIN CARE, LeFlore(R) Probiotic Skincare, ESSE SKINCARE, Marie Veronique., and ESTEE LAUDER COMPANIES among others.

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Cat Litter Market – U.S. will Continue to Dominate North America with a 78.2% Value Share

Global cat litter sales are expected to grow at a healthy CAGR of over 5.3% during the forecast period 2021-2031, despite hindrances registered 2020, according to a latest study by ESOMAR-certified market research firm, Future Market Insights. The market is projected to surpass US$ 7.3 Bn

Sales of goods like cat litter crystals and cat litter liners among others are being driven by the premiumization of pet services and the humanization of pets in North America, notably the U.S. Cat litter sales volumes can no longer be counted on for considerable growth because cat owners are demonstrating a readiness to spend more on pet accessories. Profitability is jeopardised by online retailers’ ability to undercut premium kitty litter producers with their own brands.

Globally, attitudes about pets are evolving, and cats are now seen as companion animals. This shift in view has strengthened the need for more research and development. For instance, in May 2020, Agricultural Research Services’ scientists developed a formulation for cat litter using food-grade mineral oil and eastern red cedar.

Previously, the researchers had also experimented with dried distiller’s grains, a byproduct of corn ethanol production. FMI in its latest study has forecasted sales through grow with the aid of cat litter subscription business models.

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The increasing usage of natural and biodegradable ingredients in litter is expected to drive the sales of cat litter during the forecast period. Promotional efforts undertaken by brands in relation to launching campaigns and events on social media platforms to gain a wider consumer base is likely to open up new opportunities.

Key Takeaways from the Cat litter Market Study

Clumping litter products are expected to hold the lead with a valuation of US$ 4.1 Bn, supported by efficacy and ease in absorption and disposal.
Fine clay litter remains a preferred form owing to cost benefits, albeit reflecting a sluggish 3% rate of growth through 2031.
The U.S. will continue to dominate North America with a 78.2% value share in 2021, driven largely by pet humanization trends.
Germany accounts for over 19% of the Europe market in 2021, the presence of key pet product manufacturers drives growth.
China is a leading market in East Asia. However, the country is projected to steadily lose its share to South Korea and Japan reflecting 12.2% and 10% CAGRs.

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Impact of COVID-19 on the Global Cat Litter Market

The outbreak of the covid-19 virus resulted in an economic downswing causing major disruptions in the store-based retail category. Amid the pandemic, many online retailers reported a surge in the demand for pet care products from existing and new customers who were actively looking to stock pile essential pet product categories.

Online retailers have benefited from increased sales, but these businesses also faced headwinds including labor costs of maintaining health and safety standards. Recovery of conventional distribution channels is likely to be strong through 2021 and beyond, as pandemic restrictions are gradually relaxed on a global scale.

Global Cat Litter Market by Category

By Product Type:

Clumping
Non-Clumping

By Material Type:

Clay
Silica
Plant Fibers
- Pine
- Paper/Wood
- Walnut
- Corn
- Others (wheat, Grass, Pea fibers, etc.)

By Life Stage:

Adult
Kitten

By Nature:

Natural
Conventional

By Type:

Scented/ Fragrance
Unscented/ Without Fragrance

By Brand Type:

Prestige Brands
Mass Brands
Private Label

By Form Type:

Clay
- Fine Litter
- Coarse Litter
Silica
- Fine Litter
- Coarse Litter
Plant Fibers
- Fine Litter
- Coarse Litter

By Price Range:

US$5-US$10
US$10-US$20
Above US$20

By Sales Channel:

Direct Sales Channel
Indirect Sales Channel
- Hypermarkets/Supermarkets
- Multi-Brand Stores
- Pet Care Centres
- Pet Specialty Stores
- Online Retailers
- Discount Stores
- Drug Stores

By Region:

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

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Who is winning in Global Cat Litter Market?

Consumer convenience is at the forefront of leading market strategies. The brand Tidy Cats is one such example. The brand on its website has introduced a cat litter selector, a system that helps the pet parents to find the best cat litter option considering their feline needs. This is simply done by questioning the consumers about a few preferences. Aggressive promotional strategies, advertisements, and new product launches have also driven sales of cat litter products globally.

Some of the key players present in the cat litter market are Purina (Nestle SA), Kent Pet Group, Dr. Elsey’s Cat Products, Church & Dwight Co., Dirk Rosmann GmbH., dm-drogerie markt GmbH + Co. KG, Fressnapf Tiernahrungs GmbH, The Clorox Company, Mars Incorporated, J. RETTENMAIER & SÖHNE Gmbh + Co KG, H. von Gimborn GmbH., Tolsa Company, Gruppo Laviosa Minerals Srl and among others.

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Waterless Cosmetics Market is Expected to Surpass a Valuation of US$ 8.9 Bn in 2031

Sales of waterless cosmetics are expected to grow rapidly between 2021 and 2031, with a CAGR of over 13.3%. (FMI). The research study analyses the sales of waterless cosmetics in more than 20 countries and paints a clear picture of the future development of the growing trend.

The study tracks sales of carpet and flooring in more than 20 countries and provides a clear forecast of how growth will proceed.

The study shows that sustainability has moved from being an afterthought to being at the forefront as a large number of carbon-conscious consumers demand goods that are in line with issues they care about.

For designers, architects, and the clients they create for, sustainability is unquestionably important. When flooring and carpet are chosen for further design, it indicates that the companies are already working toward sustainability due to the minimal waste that is produced during installation.

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Over 37% of market sales are for skincare items, a particular product category. Creams, lotions, serums, cleansers, and other items that are waterless are included in this category. In the upcoming years, it is anticipated that the growing demand for natural and organic cosmetics would propel the market for waterless cosmetics.

Key Takeaways from the Waterless Cosmetics Market Study

Rising demand for sustainable beauty products will enable the waterless cosmetics market reach a valuation of US$ 8.9 Bn by 2021
Besides high awareness, willingness to spend on sustainable beauty formula will drive waterless cosmetics sales in the U.S., which is expected to account for nearly 80% of the North America market
Increasing demand for organic skincare will enable the U.K. market to exhibit 5.3% y-o-y growth in 2021 following a period of lull in 2020
The demand for cruelty free, vegan, and organic cosmetics will drive sales of waterless cosmetics in India
Expansion of the beauty sector in Japan and South Korea will drive sales in East Asia

Impact of COVID-19 on the Market:

Global demand for waterless cosmetics was growing at a moderate rate prior to the COVID-19 pandemic. Major international markets have experienced dual effects following the pandemic. Store closures in various regions had a significant impact on the growth of beauty products, including waterless cosmetics, as store-based retailing is a significant distribution channel in the beauty industry.

The demand for eco-friendly skincare products has increased in the aftermath of the pandemic, with stay-at-home orders and safer-at-home advisories issued across the world. Additionally, shortage of workers in the sector, less consumption, high cost of production, and shortage of raw materials among other factors have been hampering the waterless cosmetics market.

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Who is Winning?

Some of the key players present in the waterless cosmetics market are Unilever Plc., The Waterless Beauty Company, L’Oreal SA, Kao Corporation, The Procter & Gamble Company, Loli, Clensta, Ruby’s Organics, Taiki USA, Ktein, Niconi, True Botanicals, Allies Group Pte. Ltd., Lavedo Cosmetics, May Coop, No Cosmetics, Azafran Innovacio006E, and Carter + Jane, among others. Players in the industry have begun to offer discounts on cosmetic brands in order to entice end users to embrace the most up-to-date waterless cosmetics.

Waterless Cosmetics Market by Category

Product Type:

Skincare
Hair Care
Cosmetics
Others

Sales Channel:

Wholesalers/Distributors
Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Departmental Stores
Online Retail
Other Retail Formats

Price Range:

Economy (Below US$30)
Mid-Range (US$30 to US$60)
Premium (Above US$60)

Region:

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

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Baby Diaper Market to Reach a Valuation of US$ 63.67 B in 2031

The baby diaper market is estimated to reach a valuation of US$ 63.67 Bn. Baby diapers sales will rise consistently. FMI forecasts the market to exhibit 5% CAGR between 2021 and 2031.

According to a study by Future Market Insights (FMI), some of the leading manufacturers are focusing on ensuring bio-degradability in order to ensure products are recyclable. Driven by these developments, the market is expected to reach a valuation of US$ 63.67 Bn.

Regular diapers don’t disintegrate well in a landfill, unlike biodegradable ones. Additionally, it takes about a few years for disposable diapers to break down. Plastic diapers contribute a significant volume of unprocessed waste that is regularly dumped in landfills and can contaminate groundwater.

Along with this, growing environmental concerns are a major driver of the market for biodegradable diapers. Disposable diapers include a variety of synthetic substances that may be harmful to health. These include sodium polyacrylate, volatile organic compounds, tributyl-tin, dyes, and other chemicals. These artificial compounds can give a baby tingly sensations as well as a variety of medical concerns, including cancer, hormone interference, respiratory problems, and other health issues.

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With consumers increasingly focusing on eco-friendly buys, the demand for biodegradable or reusable baby diapers is expected to surge. In addition, cost-effective pricing of products, presence of a relatively untapped market for bio-degradable baby diapers in underdeveloped and developing countries, and rapid urbanization are other factors expected to propel bio-degradable baby diapers sales over the forecast period.

Thus, increasing awareness on negative impact of these chemicals and baby hygiene among individuals shifting the consumer preference towards bio-degradable diapers. Subsequently, organizations are investing in R&D to ensure impact of products on the climate is zero to minimal. According to FMI, despite the dominance of disposable diapers, the reusable baby diapers sales will rise at 5.1% CAGR between 2021 and 2031.

Key Takeaways from the Baby Diaper Market Study

Baby diapers sales will rise consistently. FMI forecasts the market to exhibit 5% CAGR between 2021 and 2031
The U.S. showcases high focus on offering best possible baby care. It therefore accounts for 80% of baby diapers sales in North America
Despite sluggish growth registered amid pandemic, the U.K. market will recover, exhibiting 4.6% y-o-y growth in 2021
Germany and Spain will emerge as other key markets for sales within Europe
China will remain a key market for baby diapers sales in East Asia, as consumers show higher willingness to spend on advanced baby care. Japan will follow closely, emerging as second-leading market

“Companies are focusing on penetration in rural areas to capitalize on untapped opportunities. They are therefore increasingly investing in various awareness campaigns to educate widely scattered demography of prospective buyers about the benefits of baby diapers for the health and wellbeing of their children,” says an FMI analyst.

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Impact of COIVD-19 & 2020 Market Analysis

The COVID-19 outbreak resulted in the imposition of lockdowns in various nations that has considerably affected the net sales and production of baby diapers. Companies were unable to operate across the world, which in turn has impacted baby diaper demand severely. Besides this, travel restrictions adversely impacted operations within the market.

With second and third wave of pandemic on card, baby diaper companies are extending various offers on bulk purchase of baby diapers. With situation predicted to recover in the coming days, the baby diapers sales will rise in the near future.

Who is winning?

Some of the key players operating in the Baby Diaper market are Kimberly-Clark Corporation, Procter & Gamble Company, Kao Corporation, Unicharm Corporation, Cardinal Health Inc., Ontex International N.V., Bambo Nature USA, PAUL HARTMANN AG, C. R. Bard, Inc., Aleva Naturals (D&G Laboratories Inc.), B. Braun Melsungen AG, Babyganics (S.C. Johnson & Son Inc.), Bambino Mio Ltd., Bambo Nature USA (Abena Group), The Honest Company Inc., Bumkins, Charlie Banana USA LLC, ConvaTec Inc., Earth’s best (The Hain Celestial Group, Inc.), ECOABLE, Seventh Generation, Inc., Flip Diapers (Cotton Babies, Inc.), Fujian Hengan Group Ltd., Fujian Yifa Healthcare Products Co., Ltd., GeffenBaby.com, GroVia, Hengan International Group, Medline Industries Inc., Mega Soft (Fujian) Hygiene Products Co., Ltd., and Naty AB among others.

These companies are primarily focusing on product launches and expanding their geographic reach to gain competitive edge. For instance:

In May 2020, The Honest Company Inc. focuses on expanding the brand’s internal laboratories and R&D team and opened a fulfilment center, which would help the company to gain more control over its production and ingredient standards, fulfil shipments faster and pivot quickly.
In 2019, The Procter and Gamble Company launched the no tape diaper Pampers Cruisers 360 fit with a stretch waistband. The baby diaper is designed especially for active babies, and toddlers and had dual leak-guard barriers seal around the baby’s legs.
In 2019, Hello Bello launched a premium baby diaper specifically designed with proprietary spherical absorbent technology that can absorb 50 times its weight in fluid.

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Colored Gemstones Market is Driven by the Increasing Popularity of Less Known Gemstones

Global colored gemstones market is estimated to grow at a healthy CAGR of over 5.7% during the study forecast period 2021-2031, exhibiting a positive recovery from period of muted growth in 2020, according to a latest study by Future Market Insights. The research study tracks colored gemstones market in 20+ countries, offering a lucid analysis on how growth trend will unfold.

Mining operations have been harming the environment for a long time. Numerous businesses have been inspired to conduct themselves more responsibly within the industry by government measures to promote environmental protection.

Some of the players are working harder to maintain the highest level of operational transparency and provide the most ethically sourced coloured gemstones as a result of the shifting objectives of various countries across the world.

One such business, Gemfields, is making multiple steps to alter the mining industry’s culture in light of rising sustainability. The company is dedicated to conducting environmentally friendly mining activities. It collaborates with the appropriate authorities to conduct an evaluation of the environmental impact prior to beginning any operations.

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Key Takeaways from the colored gemstones Market Study

FMI has forecast the market to rise at a CAGR of 5.7% between 2021 and 2031
The U.S. will remain dominant market within North America, accounting for nearly 85% of market in the region
Incessantly rising demand for gemstones will enable the U.K. market exhibit above 8% y-o-y growth in 2021
Increasing spending power of consumers will support expansion in Germany and France
China will continue dominating East Asia market, trailed closely by Japan

“Establishment of online B2B store is expected to help the market boast increasing market. To capitalize on existing opportunities, players are engaged expanding their market network by collaborating with end-use industry giants.” says an FMI analyst.

Impact of COVID-19 on the Market

The colored gemstone is a global market with expansive supply chain. Stones travel across numerous borders and many hands before they are embedded in a beautiful jewelry.

The outbreak of novel coronavirus resulted in stopping travel, border closures, holding of shipping and cancellation of numerous trade shows that further hampered the market growth. The outbreak has impacted the industry mining and cutting operations and end use wholesale and retail thus affecting the market. But as the economies enter the reviving phase the market is slowly reflecting growth opportunities.

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Who is winning?

Some of the key players present in the colored gemstones market are Anglo American Plc, Gemfields group Ltd., Petra Diamonds Ltd., Rockwell Diamonds Inc., Gem Diamonds, Ltd., PJSC ALROSA, Swarovski Group, Botswana diamond Plc., Dominion Diamonds Corporation, Mountain Province Diamonds, Inc., Trans Hex Group, Ltd., MIF Gems Co. Ltd., Greenland Ruby, Merlin Diamonds, Ltd., Fura Gems, Inc. and among others. Extensive organization of trade shows, exhibitions and other such events has driven a desire among end consumers to adopt products embedded with colored gemstones.

Colored Gemstones Market by Category

Product Type

Colored Diamond
Emerald
Ruby
Sapphire
Others

End-Use

Jewelry & Ornaments
- Bangles
- Necklaces
- Pendants
- Earrings
- Rings
- Anklets
- Brooches
Luxury Arts

Product Format

Natural
Synthetic

Region

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

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Strapping Supplies Market to Surpass US$ 7.8 Bn by 2032 as Sales of Strapping Machines Reach US$ 3.6 Bn

As per Future Market Insights (FMI), the strapping supplies market is expected to witness growth at a CAGR of 5.3% during the forecast period 2022-2032. Growth in the market is primarily attributed to growing demand for sterile and safe packaging in industries such as warehousing, electronics, food & beverage, and others.

The strap is applied either manually with a hand tool or with a strapping machine to ensure the safety of the product. A dispenser is used with both types of equipment to dispense the strap. There are manual and automatic hand tools. Manual packaging tensioners are used for low volumes and automatic tensioners are used for higher volume applications.

Strapping machines are used for special applications or high-volume applications. They are available in automatic and semi-automatic varieties. Strapping machines significantly improve warehouse efficiency as well as the overall presentation of a packaged product.

Strapping bands are used to secure bundles and boxes during packaging, storing and shipping products. They are applied using hand tools or strapping machines to seal the product tightly and prevent it from falling. Over the projected period, the use of straps in various industries is predicted to fuel market growth.

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Key Takeaways from Strapping Supplies Market

· In terms of product type, strapping machines segment is anticipated to generate an incremental opportunity of US$ 1.2 Bn during the forecast period of 2022-2032.

· Based on end use, logistics & warehousing segment is anticipated to have a prominent demand for strapping supplies.

· North America and East Asia are projected to be the leading regions for the global strapping supplies market.

· Rising demand in building & construction activities is expected to create an absolute Bn $ market opportunity for strapping supplies companies.

“The development of automated strapping machines, low cost-availability of strapping materials and their essential use in a wide variety of applications such as food & beverage, electronics and logistics is expected to drive the market. Hence, key players are leveraging their cost-effective and light-weight strapping machines to increase their revenue.”- says FMI analyst

Rapid Infrastructural and Industrial Development to Drive Strapping Supplies Market The construction industry is witnessing a rapid rise, as per FMI. According to Global Construction Perspectives and Oxford Economics global construction market is expected to grow by 85% to US$ 15.5 Tn by 2030 with three countries namely, the U.S., India and China accounting for 57% of all global growth.

With expanding industrialization and commercialization in emerging parts of the world, the logistics and transportation requirements to support the shipping of goods have increased dramatically. Thus, the rising need for strapping materials in order to facilitate the movement

of raw materials and goods to the construction sites is expected to fuel the growth of the strapping supplies market.

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Strapping Supplies Market Landscape

Campanini UGO S.P.A,
Teufelberger Holding AG,
Narrowtex Pty (Ltd.),
Consent LLC,
National Webbing Products,
DONGGUAN YALAN PACKING MATERIALS CO., LTD,
Yu Chi Machinery Co. Ltd. (UGPACK),
DAE YANG STRAPS CO., LTD,
Universal Strapping Inc.,
REISOPACK S.L.,
Plastic Extruders Ltd.,
Northshore Strapping Company,
The plastic strapping company Ltd,

Linder GMBH, BONZOBAND Strapping Systems Ltd., MOSCA GMBH, Tosa Group, Samuel strapping systems Group, FROMM Packaging Systems Inc. and Dynaric, Inc.

Strapping Supplies Market by Category

By Product:

Strapping Bands and Seals
Strapping Brackets and Buckles
Edge Protectors
Strapping Machines
Strapping Tools and Carts
Others (Cables, Twist Ties, etc.)

By End Use:

Food & Beverage
Logistics & Warehousing
Healthcare & Pharmaceutical
Electronics and Electrical
Agriculture & Construction

By Region:

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

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Global Laminated Tube Closure Market to expand at a 3.6% value CAGR by 2032

Demand for laminated tube closures is expected to reach US$ 129.8 million in 2022 and is projected to increase at a CAGR of 3.6% to US$ 184.8 million between 2022 and 2032. Growth is linked to the packaging industry’s continuing improvement. A CAGR of 2.8% was seen for the laminated tube closure market from 2016 to 2021.

Demand for tube packaging is driven by ever evolving consumer demands. Because of its portability, convenience of use, and ease of transportation, tube packaging is frequently chosen by consumers, which expands the market for laminated tube closures. Typically used to hold liquids like toothpaste, ointments, beauty treatments, adhesives, etc., tubes are composed of metal or plastic.

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Laminated Tube Closure Market – Market Dynamics

One of the significant factors contributing towards the growth of laminated tube closure market is significant growth in the packaging industry with innovative packaging and excellent barrier properties. Another factor fueling the growth of laminated tube closure market is the printing and decorating on laminated tubes helps in brand promotion which in turn increase sales of the product.

The laminated tube closures are unbreakable, leak proof, durable, light weight, deliver excellent sealability and also helps to increase attraction to these tubes which are the major driver towards the growth of laminated tube closure market.  Another factor towards the growth of laminated tube closure market is that manufacturers, suppliers and distributors are more satisfied with cosmetic tubes over the alternative containers due to ease in transportation and storage and the economic packaging of tubes.

Laminated Tube Closure Market – Market Segmentation

The laminated tube closure market can be segmented on the basis of material, packaging, diameter and end use type. On the basis of material type, the laminated tube closure market can be segmented into plastic (HDPE, LDPE, LEPE), aluminum and glass. On the basis of packaging type, the laminated tube closure market can be segmented into nozzle closures (conical and stand up), flip top closures, screw on closures, child resistance closures and others.

On the basis of diameter type, the laminated tube closure market can be segmented into 19-25 mm for child resistance closures, 22-40 mm for stand up closures, 35-50 mm for flip top closures and many others. On the basis of end use type, the laminated tube closure market can be segmented into food & beverage, personal & home care, pharmaceutical, cosmetics & oral care and others.

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Laminated Tube Closure Market – Regional Outlook

The laminated tube closure market can be segmented into North America, Latin America, Europe, Middle East, Africa and Asia Pacific. Asia Pacific is the leading manufacturer of the cosmetic industry, and cosmetic tubes, being its major segment, has the largest share in the laminated tube closure market due to demand for innovative and sustainable packaging in emerging economies such as India and China among others.

Europe and North America is expected to have significant growth in the laminated tube closure market majorly due to increasing consumer spending and per capita income. Moreover, the consumer choice from traditional packaging to innovative packaging in parts of the Middle East and Africa, which in turn helps the laminated tube closure market to grow even more in the future.

Laminated Tube Closure Market – Major Players

Some of the major Key players identified across the globe in the laminated tube closure market are Abdos India, IntraPac International Corporation, Amtik Group, Kap Group, Essel Propack Limited, Berry Plastics Corporation, Sibo Group, Pirlo GmbH & Co. KG, Winpak Ltd.

The report covers exhaustive analysis on

Global Laminated Tube Closure Market Segments
Global Laminated Tube Closure Market Dynamics
Historical Actual Market Size, 2012 – 2016

Global Laminated Tube Closure Market Size & Forecast 2017 to 2027
Supply & Demand Value Chain for Laminated Tube Closure Market
Global Laminated Tube Closure Market Current Trends/Issues/Challenges
Competition & Companies involved in Laminated Tube Closure Market
High Altitude Aeronautical Platform Stations Technology

Value Chain of High Altitude Aeronautical Platform Stations
Global Laminated Tube Closure Market Drivers and Restraints

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Key Segments Profiled in the Laminated Tube Closure Industry

Laminated Tube Closure Market by Material:

Plastic Laminated Tube Closure
Aluminium Laminated Tube Closure
Glass Laminated Tube Closure

Laminated Tube Closure Market by Packaging:

Nozzle Closure Laminated Tube
Flip top closures Laminated Tube
Screw-on closures Laminated Tube
Child resistance closures Laminated Tube

Laminated Tube Closure Market by Diameter:

19-25mm Laminated Tube Closure
22-40mm Laminated Tube Closure
35-50mm Laminated Tube Closure
others Laminated Tube Closure

Laminated Tube Closure Market by End-use:

Laminated Tube Closure for Food & Beverage
Laminated Tube Closure for Personal & Home Care
Laminated Tube Closure for Pharmaceutical
Laminated Tube Closure for Cosmetics & Oral Care
Laminated Tube Closure for Others

Laminated Tube Closure Market by Region:

North America Laminated Tube Closure Market
Latin America Laminated Tube Closure Market
Western Europe Laminated Tube Closure Market
Eastern Europe Laminated Tube Closure Market
Asia Pacific Laminated Tube Closure Market
Japan Laminated Tube Closure Market
Middle East and Africa Laminated Tube Closure Market

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Polystyrene Packaging Market to Expand by 1.5x, Surpassing US$ 35.5 Bn by 2032 amid Rising Demand from Food & Beverage Industry

As per Future Market Insights (FMI), the polystyrene packaging is expected to gain immense traction, registering a CAGR of 4.4% between 2022 and 2032. Sales are expected to increase from US$ 23 Bn in 2022 to US$ 35.5 Bn in 2032. This is due to its ability to adapt based on the different requirements. Transparency that is product visibility plays an important role in various industries such as food, healthcare, and others.

The polystyrene packaging offers product visibility which attracts the end users amid growing trend of transparency and clean label. Also, the polystyrene packaging extends the shelf-life of the product by keeping the product fresh. This is expected to surge the demand for the same in food industry.

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Polystyrene is a polymer, which is made out of stringing styrene together. Styrene can be manufactured from petroleum or it is also naturally found in many food items. Expanded polystyrene is a type of polystyrene, which is environmentally friendly and is also recyclable. Manufacturers are focusing on polystyrene packaging due to various advantages like being cost-effective, and adaptive, also helps in maintaining food items fresher and it provides clarity to the product as it is transparent.

As a result, polystyrene material is used due to various properties and it also helps in reducing food-borne illnesses. Its property of maintaining food fresh has increased the demand for polystyrene packaging as it helps restaurants and online delivery services in maintaining the qualified food items and end-users could be made satisfied.

Key Takeaways from Global Polystyrene Packaging Market

· Sales of cups segment are expected to increase 1.9x by the end of 2032 due to increasing demand for polystyrene cups in food & beverage sector.

· In terms of end-use, the food & beverage industry is expected to grow at CAGR of 5.5% between 2022 and 2032.

· South Asia and East Asia are estimated as lucrative markets for polystyrene packaging

· India is expected to dominate the South Asia polystyrene market on the back of expansion of pharmaceutical industry.

“Polystyrene, from which EPS foam is made have properties like compressive strength, tensile strength, and thermal insulation. This is expected to gain traction in a multitude of industries, including food & beverage and pharmaceutical in the upcoming decade.” – Comments FMI analyst

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Increased Demand from Pharmaceutical Industry to Boost Polystyrene Packaging Market

As per FMI, healthcare and pharma both are revenue-generating industries. Polystyrene is a material with properties of stability, versatility and insulation used for packaging healthcare-related materials. In the pharmaceutical industry, reliability and freshness are important and polystyrene helps in maintaining them.

Polystyrene also helps in preventing contamination, which is very important for the pharma industry. Hence, the increased demand for pharma materials is driving the polystyrene packaging market and the trend is likely to continue over the next decade.

Global Polystyrene Packaging Market Landscape

ACH Foam Technologies,
Alpek SAB de CV,
Jackon,
Monotez,
Sunpor Kunststoff,
Styrochem,
Versalis,
Sonoco Products Company,
Sealed Air Corp,
Huhtamaki Oyj,
Rogers Foam,
NEFAB GROUP,
Huebach Corporation, and
Ohishi Sangyo Co.,Ltd.

Global Polystyrene Packaging Market Report

Future market insights, in its new report, offers an unbiased analysis of the global market for polystyrene packaging market by materials (foam and plastic), by product (bowls, cups, bags, pouches, wraps & films, boxes & clamshell and plates & trays), by end use industry (food & beverage, pharmaceutical, electrical & electronics, cosmetics & personal care, automotive, aerospace and consumer goods ), across seven regions.

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Global Polystyrene Packaging Market by Category

By Material, Global Polystyrene Packaging Market is Segmented as:

Foam
Plastic

By Product, Global Polystyrene Packaging Market is Segmented as:

Bowls
Cups
Bags
Pouches
Wraps & Films
Boxes & Clamshell
Plates & Trays

By End Use Industry, Global Polystyrene Packaging Market is Segmented as:

Food & beverage
Pharmaceutical
Electrical & Electronics
Cosmetics & Personal Care
Automotive
Aerospace
Consumer Goods

By Region, Global Polystyrene Packaging Market is Segmented as:

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

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End-of-Line Packaging Market is likely to be valued at US$ 7.9 Bn during forecast period 2022 – 2032

The end-of-line packaging market was valued at US$ 5.125 billion in 2022, and it is expected to grow at a CAGR of 4.3% to US$ 7.978 billion by 2032.

The growing adoption of end-of-line packaging to reduce packaging costs and improve packaging systems in various end-use industries is propelling the global end-of-line packaging market future trends.

The rapid adoption of automated end-of-line packaging in the industrial sector, as well as rising demand to automate manufacturing processes, will drive end-of-line packaging market expansion during the forecasted period. The rising packaged beverage consumption will fuel end-of-line packaging market key trends and opportunities.

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Enhanced Workplace Environment

A significant factor driving demand for end-of-line packaging is the growing desire to improve workplace conditions through automation. A wide range of end industries are using this type of packaging system to reduce packaging costs and improve the packaging system in their units. It also helps to combat the changing need for customized packaging sizes and different package forms for different items boosting the end-of-line packaging adoption trends.

Industrial Robot System for E-Commerce and Retail Sector

The fast-growing e-commerce and retail sector are increasing the demand for end-of-line packaging along with better-packaged products in the market. The end-of-line packaging improves the efficiency of packaging and these are important factors that create valuable end-of-line packaging market opportunities for end-of-line packaging market growth.

Robot hands are quickly introduced into the packaging process to improve production efficiency. The robotic system in the package reduces physical tasks. Robot arms enable improved production efficiency, resulting in a high return on investment and low operating costs. Overall, the end-of-line packaging market growth is estimated to bolster during the forecast period.

Nullifies Human Errors

It also eliminates the need for companies to educate packaging personnel every time a new packaging technology is introduced. Furthermore, the end-of-line packaging system robot system eliminates manual tasks like palletizing, packing, and sorting, reduces the risk of product damage, and eliminates human errors, all of which have increased the appreciation of end-of-line packaging in manufacturing sectors.

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Growing Acceptance in Pharmaceutical Industry

The pharmaceutical industry’s increasing adoption of advanced end-of-line packaging systems to improve product traceability in the supply chain will drive end-of-line packaging market growth.

Key Takeaways from End-of-line Packaging Market

The automatic end-of-line packaging segment under technology is estimated to register a CAGR of 5.1% during the forecast period reaching USD 5.3 Billion by 2032 due to the reduced time and cost of labor with its use.
The food and beverage segment is expected to remain the leading end use sector. During the forecast period, the food and beverages segment is expected to grow at a CAGR of 6.0%.
Based on end use industry, the food & beverages segment is projected to hold around a 2/5th portion of the market by the end of 2032.

The food and beverages segment is expected to lead the end use sector of the end-of-line packaging market, reaching USD 3.119 billion by 2032.

The increasing end use industries and rising adoption of end-of-line packaging along with latest technologies in Europe and North America are anticipated to boost the sales of end-of-line packaging in these regions.

The U.S. end-of-line packaging market to have the highest market size of US$ 1308 Million for 2032 with a sluggish CAGR of 3.5%.
China end-of-line packaging market is expected to lead with the highest CAGR of 6.6% during the forecast period, reaching US$ 827 Million by 2032.
India end-of-line packaging market is expected to have the second highest CAGR of 5.2% for 2032, reaching US$ 577 million by 2032.

“Automatic End of line Packaging are Gaining Immense Market Popularity across the Regions, Due to Increased Investments in Research & Development by Machinery Manufacturers Worldwide and Increased Demand for Various Packaging Products.” – says FMI analyst

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End-of-line Packaging Market Landscape

ProMach, Inc., DS Smith plc, Synerlink (A barry-Wehmiller Company), Rovema GmbH, Stevanato Group, WestRock Company, and Uhlmann Pac-Systeme are the key players operating in the end-of-line packaging market.

Also, some of the other noticeable end-of-line packaging market players include ENDFLEX, Shemesh Automation Ltd, OPTIMA packaging group GmbH, INFINITY AUTOMATED SOLUTIONS PVT. LTD, nVenia LLC, ADCO Manufacturing, J+P Maschinenbau GmbH, EOL Packaging Experts GmbH, Hualian Machinery Group Co. Ltd., and others. The players in the tier 1 hold approximately 15-20% of the global end-to-line packaging market.

Recent Development:

The end-to-line packaging market witnessed two major acquisitions to strengthen the technologies:

ProMach will acquire Serpa Packaging, a leading provider of cartoning and end-of-line solutions, in 2021. Serpa joins ProMach’s portfolio of automated cartoning systems, significantly expanding ProMach’s specialised secondary packaging machinery and line integration capabilities for the rapidly growing pharmaceutical industry.

Duravant Group will acquire Cloud Packaging Solutions in 2020. Duravant also announced that, as a result of the synergies between Cloud’s product offerings and the portfolio of highly engineered equipment offered by Duravant operating company Mespack, Cloud Packaging Solutions will be renamed Mespack-Cloud, a Duravant Company.

Have a Look at Related Research Reports of Packaging

Kraft Paper Machine Market: The demand for Kraft Paper is increasing because of its widely used in the packaging industry, by converting it into pouches, bags, wrapping papers, cartons, cans, corrugated sheets

Machine Glazed Kraft Paper Market: The global machine glazed kraft paper market is estimated at US$ 9.3 Bn in 2022 and is projected to reach US$ 14.5 Bn by 2030

Gift Packaging Market: Asia Pacific (APAC) is anticipated to witness a higher growth for the gift packaging market, owing to rising gifting culture during special occasions and in several organizations

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Organic Cosmetics Market is to Grow at CAGR of 5% in 2031 | Impact of COVID-19

The organic cosmetics market to grow at CAGR of 5.0% throughout the forecast period 2021-2031. Natural claims have sparked the sustainability quotient in addition to being significant product purchase drivers when paired with product efficacy claims and brand identity.

Customers now demand total transparency from cosmetics producers regarding their sourcing practises, goods, ingredients, and environmental practises. As the requirement to prove their social and environmental credentials develops, more cosmetics companies and manufacturers are searching for ways to redefine their own brands through sustainability-focused items, services, and customer experiences.

The packaging trends in the personal care sector have evolved to incorporate more secure, natural formulas, and practical packaging. Natural solutions are being employed more and more in product packaging as a result of the excellent response they are receiving from the product industry. The businesses’ marketing techniques call attention to profitable container designs while also advocating natural solutions.

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Key Takeaways from the Organic Cosmetics Market Study

FMI in its latest study has forecast the market to rise at a CAGR of 5.0% between 2021 and 2031
The U.S. will emerge as a key market, accounting for nearly 80% of organic cosmetics market in North America
Growth in the U.K. will remain moderate. FMI forecasts the market to record nearly 1.9% Y-o-Y growth in 2021
While Germany and France too will continue exhibiting demand for organic cosmetics, Italy is expected to emerge as a lucrative pocket in Europe
Japan, China, and South Korea will emerge as key markets for organic cosmetics in East Asia. Of these, Japan is likely to dominate

Impact of COVID-19 & 2020 Market Analysis

The current pandemic outbreak has created a variety of challenges for both the supply side and the demand side. The temporary regulation that regional governments adopted to limit mobility has seriously harmed supply chains.

Additionally, the general shift in consumer spending from discretionary to essential goods has had a negative impact on market growth. The way that firms operate globally is changing as a result of e-commerce. In actuality, e-involvement commerce has expanded throughout all industries as a result of the Covid-19 epidemic and lockdown.

The population segment that is not accustomed to online buying has also accepted it because it is the only option. There are many chances for companies and online services to work together to boost customer engagement.

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Who is winning?

Estee Lauder, L’Oréal Group, WELEDA Inc., Groupe L’OCCITANE, and KORRES Group are a few notable companies in the organic cosmetics business. The Himalaya Drug Company, Babylist Inc., The Clorox Company, The Honest Company, Avalon Organics, and KORA Organics are a few examples.

To acquire a competitive advantage over other market participants, players are aggressively investing in order to encourage and support product development. The creation of an innovative product portfolio and portfolio expansion is the most popular strategy among the major businesses. Innovation is the instrument used to entice and persuade consumers to purchase a particular product category. By highlighting a product’s USP, which typically varies from one brand to another, it aids in separating one product from another.

Organic Cosmetics Market by Category

Product Type