Market Research Blog – Page 11179 – New Product Development

Sachet Packaging Market Innovation, Sales Demand, Key Players, SWOT Analysis, Key Indicators and Forecast to 2031

The sachet packaging market is predicted to reach a worth of 8.7 Bn in 2022, according to research by Future Market Insights (FMI). The sachet packaging market is expected to increase at a year-over-year (YoY) rate of 5.4 percent in 2021 as a result of rising consumer demand for compact and practical packaging options.

By the end of 2022, the market is anticipated to reach a volume of about 999 billion units. Between 2021 and 2031, the sachet packaging industry is expected to develop at a strong 5.8 percent compound annual growth rate (CAGR).
North America and Asia Pacific will become important markets. By the end of 2031, they are anticipated to provide more than 60% of total revenue. This can be related to the rise in sachet packing demand worldwide.

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“Launching small-sized, one-time use product sachets has helped brands survive the retail revolution over the recent years. With technology innovations in packaging machinery are making a strong attempt to overcome the longstanding drawbacks facing the packaging industry, such as poor productivity, the FMI study finds that sachet packaging is rapidly emerging as a way to increase profit margins, as it requires lesser volumes to be filled in packages”.

Opportunities in Pharmaceutical Packaging Hinting Positive Prospects

The sachet packaging market is likely to expand at a CAGR of ~5.8% over the course of next eight years. First-time buyers have been the primary target for manufacturers selling products in small-sized sachets, according to the report. Furthermore, as modern consumers continue to develop interest in functional packaging, several brands are incorporating sachet packaging into their product marketing strategies, emphasizing increased number of trials and promotions.

Opportunities abound for sachet packaging market players in low-income countries, as retailers in these nations are adopting the small packaging trend over bulk packaging, target untapped consumer population. A growing focus of companies on increasing accessibility and affordability of products to ultimately penetrate new markets, has been significantly favoring the demand for sachet packaging.

Growth prospects of the sachet packaging market, as the report opines, are high in developing countries of Asia Pacific, accounting for one-third share of the total revenues. The growing importance of single-serve packaging among consumers for a multitude of products, especially cosmetics, personal care, and FMCG, has enabled market players to firm up within the region. Lighter, portable, and cost-effective nature of sachets continue to make sachet packaging an attractive proposition for the low-income consumers as well as young and active millennials.

According to the study, single-unit-use of sachets for pharmaceutical products is emerging as an effective way to overcome challenges posed by shorter shelf life or inaccurate doses. With increased healthcare expenditure and growing need for effective packaging which are child-resistant and senior-friendly, sachet packaging will have more ground to cover in the pharmaceutical sector. Sensing the potential growth opportunities, market players are focusing on investing in pharmaceutical machinery for sachet packaging format to facilitate ease of use and improved medicine management.

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Key Companies Profiled

Glenroy Inc.,
Amcor Plc,
Constantia Flexibles Group GmbH,
Huhtamaki Oyj,
ProAmpac LLC,
AE Adams (Henfield) Ltd.,
Paharpur 3P,
RCP Ranstadt GmbH,
Sharp Packaging Services,
Sealed Air Corporation,
Mondi Plc,
Clondalkin Group Holdings B.V.,
Printpack Inc.,

Lindopharm GmbH, American Packaging Corporation, Transcontinental Inc., Schur Flexibles Group, Deve-pack, Uflex Ltd. and Amber Packaging Industries LLC.

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Key Segment

By Material Type

Plastic
- Polyethylene
- Polypropylene
- PET
- Polyamide
- Others
Paper
Aluminum Foil
Others

By Pack Size

1 ml – 10 ml
11 ml – 20 ml
21 ml – 30 ml
Above 30 ml

By Packaging Machinery

Vertical Form-fill-seal Machines (VFFS)
Horizontal Form-fill-seal Machines (VFFS)

By Application

Food
- Sauces & Jams
- Spice & Condiments
- Tea & Coffee
- Others
Personal Care & Cosmetics
- Shampoo & Conditioners
- Face packs & Gel
- Hair Oil
Pharmaceuticals
Industrial
Sealants & Adhesives
Lubricants & Solvents
Tobacco

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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/sachet-packaging-market
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Packer Bottle Market is Anticipated to Expand at a Healthy CAGR of 5.3% to Reach US$ 9.1 Bn by 2031

“Over the last few years, packaging bottles have emerged as a convenient packaging solutions, especially for pharmaceutical, food, chemical industries among others. According to a report by Future Market Insights (FMI), packer bottles market is expected to surpass US$ 5.31 Bn by 2031.”

Packer bottles are light in weight, small in size, and cost effective packaging solutions predominantly used to pack, carry and store a variety of industrial and non-industrial solutions. Owing to their portability, child resistant packaging and recyclability, packer bottles are experiencing substantial rise in demand in the global market.

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In terms of availability, there are variety of packer bottles made up of plastic and glass available in the market. FMI predicts that, the manufacturers operating in the global packer bottle market to have ample opportunities to maximize their sales, as manufacturing output and packaging needs form pharmaceutical and food sectors is consistently rising.

According to the report, plastic will remain most preferred material owing to its pricing affordability and light weight mass. Among end users, pharmaceutical sector is expected to account for the lion’s share.

Key Takeaways from Packer Bottle Market

Packer bottle sales will consistently, despite a temporary set-back amid COVID-19 outbreak. FMI predicts the market to rise at 5.4% CAGR between 2021 and 2031
Within North America, the U.S. is expected to account for over 85% of sales in 2021
Temporary period of lull amid pandemic will cause sales to dip in the U.K. However, recovery is likely 2022 onwards
Germany and France are expected to showcase marginal improvement in packer bottle sales in 2021
Despite China’s dominance, Japan and South Korea markets will exhibit higher growth within East Asia

“Incorporation of recent advancements in packer bottles such FDA-approved and child resistant packaging solutions, coupled with excellent light and moisture barrier properties, has widened scope for application in several end use industries,” says FMI analyst.

Packer Bottle Market by Category

Material

Plastic
- High Density Polyethylene (HDPE)
- Polyethylene terephthalate (PET)
Glass

Capacity

100cc & Below
200cc
300cc
400cc

Application

Tablet & Capsules
Powder & Granules
Liquid

End Use

Pharmaceuticals
Chemicals
Food & Beverages Ingredients
Other Industrial

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Demand for Damage Resistance and Spill-proof Packaging Solutions in Pharmaceuticals Driving Sales

Aseptic and spill proof packaging is always a prime concern for end users, especially in case of pharmaceuticals and liquid food packaging. Packer bottles are mostly made up of plastic that offers high tear resistant to the inside product during transit. Therefore, this type of packaging solution is used frequently in pharmaceutical industry for packing, sealing, storing, and transporting extensive range of solid and liquid form of pharmaceutical drugs.

Further, packer bottles fulfil precise packaging requirement of pharmaceutical industry as they are offer a multitude of benefits, including efficiency in botyh low & high temperature and impact resistant, child resistant, non-reactive to chemicals, and leak & seep proof. On the other side, rapidly rising healthcare and pharmaceutical spending by individuals will bolster the sales of pharmaceuticals drugs, which will further create considerable demand for rigid packaging solutions including packer bottles.

Who is Winning?

Berry Global Group, Inc, Amcor Plc and Gerresheimer AG are among the top players operating in the packer bottle market. Some of the other key players operating in the market are Graham Packaging Company, Maynard & Harris Plastics and Alpha Packaging, Inc. The Tier 3 players in the market hold 65-70% in the global packer bottle market. In conclusion, key players contribute almost 30-35% of the global market.

https://www.notion.so/Airless-Packaging-Market-2020-Key-Players-SWOT-Analysis-Key-Indicators-and-Forecast-to-2030-076b1f7b63fd40d89bd3ae94923e2dc5

https://hackmd.io/@gIcs53uxSgCBwWUrR-iMXQ/HykegkGp9

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Tool Steel Market Outlook, Current and Future Industry Landscape Analysis by 2028

Tool steels are from the family of carbon steel and are particularly well-suited to be crafted into tools. Tool steels comprise four carbide-forming elements: tungsten, chromium, vanadium and molybdenum.

These elements enhance the hear resistivity, hardness and durability of tool steels. Tool steels also contain cobalt or nickel, which improves their high temperature performance. Tool steels are classified under six broad groups: water hardening, cold working, hot working, shock resistance, high steel and special purpose.

The selection of tool steels depends on various factors, such as cost effectiveness, required surface hardness, strength, working temperature, shock resistance and toughness requirement. Tool steel is used for various applications, such as cutting, pressing, extruding, stamping, forming, shearing and cutting metals. Further owing to the high resistance provided to abrasion by them, tool steels are also used in the production of injection of molds.

Tool Steel Market: Dynamics

Over the past few years, the manufacturing sector across the globe has witnessed significant growth. The sector is expected to witness further growth in the years to come, driven by economic growth. The growth of the manufacturing sector is set to drive the demand for tool steel for the production of various tools, such as drills, tool bits, taps, cutters, saw blades, dies, milling cutters, punches, etc.

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Owing to tool steels’ high strength, resistance to wear and tear, good thermal conductivity and cost-effective machinability, tool steels are highly preferred in the manufacturing sector. Moreover, tool steels also find another prominent application in the automotive industry in fabrication of components and chassis parts.

In the recent past, automotive production across the globe has witnessed steady growth owing to increasing demand for passenger cars and commercial vehicles, these trend is expected to continue over the coming the years, thereby driving the growth of tool steel market.

Tool Steel Market: Regional Outlook

Asia Pacific is estimated to be the most prominent region in the global tool steel market. Moreover, the region is expected to witness significant growth over the forecast period, primarily due to high economic growth and increasing government initiatives and policies favoring growth of the manufacturing sector in the region.

Moreover, increasing disposable income of the middle-class population and rapid industrialization in countries, such as India, China and Indonesia, is propelling the growth of the tool steel market in Asia Pacific. Backed by favorable government initiatives, such as “Make in India” initiative and skill India initiative, the manufacturing sector in India is set to witness robust growth, which in turn, will propel the growth of tool steel market in near future.

The recovery in automotive and construction industry and surge in oil and gas E&P activity across North America is expected to create new opportunities in the tool steel market in the region. Europe is expected to witness moderate growth in the tool steel market.

Latin America & Middle East & Africa are expected to create new horizons for the growth of tool steel market. Positive economic outlook and favorable political scenario in Latin America is driving investments in manufacturing sector and automotive industry, which in turn, is set to induce the demand for tool steels in the region.

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Further, Middle East & Africa, backed by growing construction industry, petrochemical industry and oil & gas, is expected to contribute towards the growth of tool steel market during the forecast period.

Tool Steel Market: Market Participants

Examples of some of the prominent market participants operating in the global tool steel market are:

Hitachi Metals, Ltd.
Samuel, Son & Co., Limited
ERAMET group
Sandvik AB
Baosteel Co.,Ltd.
voestalpine High Performance Metals Corp.
SCHMOLZ + BICKENBACH
Buderus Edelstahl GmbH
Gloria Group

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaustive analysis on

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

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

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

Tool Steel Market: Segmentation

On the basis of product type, the global tool steel market can be segmented into:

Water-hardening
Cold-work
Shock-resisting
High speed
Hot-working
Special purpose

On the basis of end use, the global tool steel market can be segmented into:

General Manufacturing
Automotive
Defense and Aerospace
Electronic & Electrical
Ship Building
Others

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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MENA Industrial Packaging Market is Projected to Reach USD 6.3 Billion by 2027

Demand for industrial packaging in the Middle East and Africa is likely to remain robust owing to the improving situation of international trade. In addition, global trade of industrial products has grown three-fold over the past decade. Bio-chemical products and food-grade ingredients are amongst few of the most traded items around the world. In the MENA region, the focus has recently shifted towards non-oil based industrial activities as the long-term dependency on crude oil business is gradually abating. Moreover, it is important to develop new business verticals in order to stay unaffected from the ongoing dwindles in the region’s oil and gas industry.

As compared to other regions, non-oil goods and services have a significantly low contribution to the economy of the MENA region. Yet exports, especially non-oil exports are expected to be crucial in the further development of the robust and all-inclusive growth model to secure the future of the region. End-use industry such as electronics, automotive, plastics & rubber, and agriculture in MENA are expected to witness a healthy growth over the medium term. This, in turn, is expected to support the growth of industrial packaging market in the region.

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Future Market Insights (FMI) in its latest report reveals that the industrial packaging market in the MENA region stood at US$ 3,372.5 Mn by 2016 and is estimated to reach a valuation of US$ 5,053.0 Mn by 2024-end. Revenue from the sale of industrial packaging products in the region is expected to increase at a CAGR of 5.2% during the forecast period (2016–2024).

GCC and North Africa are identified as the key markets that account for more than 60% of MENA’s industrial packaging market. Further, the market in GCC is projected to expand at a relatively higher CAGR over the forecast period and present lucrative opportunities for industrial packaging product manufacturers in the region.

Plastic Remains the Top Material for Manufacturing Industrial Packaging Products

By 2016, plastic based industrial packaging products accounted for more than 50% of the revenue share of the market in the region. Plastic packaging is used across several industrial verticals owing to its durability and cost efficiency. However, demand for paper & paperboard-based packaging material is expected to gain a healthy traction over the forecast period.

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Based on product type, intermediate bulk containers (IBCs) packaging accounted for more than 30% revenue share of the market by 2016. IBCs are reusable industrial containers classified by 2 types: Flexible IBCs & Rigid IBCs. IBCs are commonly used for the transportation and storage of liquid and granulated substances such as food ingredients, chemicals, solvents, and pharmaceuticals.

By end-use, nearly US$ 1104.9 Mn worth of industrial packaging is expected to be consumed by the chemicals & pharmaceuticals sector over the forecast period. In addition, chemicals and pharmaceuticals sector is the most significant end-user for industrial packaging in the MENA region.

Vendor Insights

Industrial packaging solution manufacturers are actively focusing on further enhancing their product offerings. Many of the companies are changing their raw materials in accordance with the shift of customers towards convenience packaging. International Paper, Time Technoplast Ltd., Mauser Group B.V, Grief, Inc., Balmer Lawrie & Co. Ltd., Clouds Drums LLC., and Gulf Plastic Industries Company are amongst some of the leading companies operating in MENA’s industrial packaging market.

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MENA Industrial Packaging Market By Category

By Product:

Plastic Pallets
Drums
IBCs (Totes)
Sacks
Pails
Crates
Tubes
Bulk Boxes
Other

By Material:

Metal Industrial Packaging
Plastic Industrial Packaging
Paper & Paperboard Industrial Packaging
Fiber & Wood Industrial Packaging

By Packaging:

Rigid Industrial Packaging
Flexible Industrial Packaging

By End-Use Industry:

Agriculture
Automotive
Building & Construction
Chemical & Pharma
Engineering
Food & Beverages
Metal Products
Oil & Lubricants
Plastic & Rubber
Furniture
Electronics
E-Commerce
Tobacco
Other

By Region:

GCC
North Africa
South Africa
Rest of MEA

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Disposable Cups Market Demand to Increase at 5.7% CAGR Between 2021 and 2031

Disposable cups market is estimated to register high growth with the overall valuation forecast to reach US$ 10.6 Bn in 2021. FMI also has projected disposable cups demand to increase at 5.7% CAGR between 2021 and 2031.

Global sales of disposable cups will total ~600 billion units in 2019, representing a 3.3 percent increase from 2018, according to the latest research from Future Market Insights. The disposable cups market is projected to grow at ~4% CAGR during the period, 2019-2029, driven by affordability and easy availability along with increasing consumption of non-alcoholic beverages which led to proliferation of café retail chains and international coffee shops, especially in developing countries.

Due to growing prominence of the ‘throw away culture, disposable cups are continuously making their way into landfills and marine environment, subsequently raising potential concerns among environmental groups and consumers adopting ‘zero-waste’ culture. Manufacturers who are keeping the innovation quotient high by adopting sustainable solutions are likely to be rewarded in the long run.

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Despite stagnant sales amid COVID-19, disposable cups demand will surge from 2021 onwards, albeit gradually. Global consumption of disposable cups is forecast to reach 462.2 Bn Units by the end of 2021. The market has been projected to expand at 5.3% CAGR over the forecast period in terms of volume.

Today’s lifestyle has become expeditious and consumers are always on the go. As a cost-effective and convenient options disposable cups come handy as they take a sip into their favorite beverages while running for daily errands.

“With the rising preference for dining out, the popularity of on-the-go beverages and growing awareness about eco-friendly packaging solutions will fuel the demand for disposable cups. Also the expansion of foodservice chains, hypermarkets, and quick-service restaurants will boost sales opportunities in the disposable cups market,” says FMI analyst.

Disposable Cups Market by Category –

By Material Type:

Paper

Plastic

Foam

By Capacity:

Less than 250 ml

250 to 750 ml

Above 750 ml

By Application:

Food

Beverages

By End User:

Food Serve

Food Retail

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Exponential growth of online food ordering also will create opportunities for sales of disposable cups. Foodservice providers prefer disposable cup because they are tamper-proof and keep beverages safe from contamination during transportation. Plastic disposable takeaway cups are economical, solid, and insulation can extend both the hot and cold liquids delivery time.

Additionally, disposable cups with lids and straw slots are easier for quick delivery without the fear of leakage and pouring. Disposable cups do not require much storage space and are extremely easy to carry during transportation and serving.

Food service providers choose paper or disposable plastic cups over glass because they are unbreakable, time-saving, and easy to clean. Therefore, many fast food joints, cafeterias, and food malls opt for disposable cups as a reliable, safe, and convenient packaging solution to offer quickest delivery to the customers.

Competitive Landscape

Companies operating in disposable cups market are aiming at strategic partnerships with other manufacturers to expand their product manufacturing capabilities, and focusing on innovation and sustainability.

In April 2021, Greiner Packaging International GmbH launched new sustainable r-PET cups for beverages, accommodating economic, environmental, and social considerations.
In November 2020, Berry Global Inc. launched Bantam™ Drink Cups, an innovative and made from recyclable polypropylene.
In July 2019, Huhtamaki Oyj partnered with First Mile a leading recycling company. The First Mile Company will collect disposable cups from customers from various coffee chains, restaurants, and others.

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Key Points Covered in Disposable Cups Market Survey

Market Estimates and Forecast 2014-2031

Key Drivers and Restraints Impacting Market Growth

Segment-wise, Country-wise, and Region-wise Analysis

Competition Mapping and Benchmarking

Market Share Analysis

Key Product Innovations and Regulatory Climate

COVID-19 Impact on Disposable Cups Market and How to Navigate

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High Purity Lead Market Potential Growth, Size, Share, Demand and Analysis of Key Players – Research Forecasts To 2028

Any lead that is of 99.99% or greater purity can be classified as high purity lead. Extensive processes that lead to rigorous purification of the metal are used, and the diverse application of the material in a number of industries owing to its unique properties such as enhanced ductility, malleability and corrosion resistance is anticipated to boost growth during the forecast period.

Growing Demand for Automotive Batteries to Contribute Positively to High Purity Lead Market

The automotive industry finds great application of high purity lead owing to its essential function in dioxide and metal forms for lead-acid batteries. High purity lead also finds extensive applications sheeting and protection applications in hazardous environments and x-ray equipment such as nuclear reactors owing to its high density and radiation absorption properties.

High purity lead also displays good vibration and sound absorption properties which provides it application in numerous industries either as an alloy or in its pure form for soldering, manufacturing bearings, improving antifriction properties of metals and more. Increasing use of secondary production of lead through recycling to reduce losses from wastage is seeing demand owing to the enhancement of product life duration arising from the process.

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On the other hand, the hazards on human health arising from the direct exposure to high purity lead is increasingly causing concern across the globe and is anticipated to be one of the major constraining factors for the high purity lead market during the forecast period.

Improvements in Production and Recycling Capabilities to be Major Focus for High Purity Lead Market Players

Major players in high purity lead market including ESPICorp Inc., American Elements Corporation, Belmont Metals, Amalgamated Metal Corporation, PLC and Merck KGaA are increasingly focusing on expanding secondary production and energy efficiency in production capabilities.

Aqua Metals doubled its revenue in the in the third quarter largely owing to the introduction of high purity lead to its product mix involving the addition of ingot casting abilities for direct shipment to battery manufacturers, with modules that create up to 100 kg of material every hour at 99.996+% purity. A large portion of this lead is to be extracted through material acquired through the breaking of old batteries.
The Sprague Electric company has a patented method for high purity lead alloys through the use of ceramic dielectrics and the ignition of resins at low temperatures to get rid of organic compounds for high purity.
The Mitsui Mining and Smelting Company also has a proprietary process for producing high purity lead involving the recovery and refining of lead through the electrolysis of solutions of fluorosilicic acid and lead fluorosilicate.

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Lack of Stringent Regulations in Asia Pacific to Prove Favorable for High Purity Lead Market

The growing demand for high purity lead among automotive, construction and industrial sectors is anticipated to build growth in the near future. The presence of some of the largest automobile production activity of the world in the Asia Pacific is anticipated to boost the growth of the high purity lead market in the region.

In addition, relatively less stringency in regulations regarding high purity metals in the region also make business in high purity lead easier in the Asia Pacific countries and is anticipated to contribute to the growth of the high purity lead market here.

On the contrary North America and Europe will also see stable growth in the high purity lead market from the construction and automotive sectors, despite being constrained to an extent by stricter regulations regarding the use and handling of high purity lead in these regions.

Categorization of the Global High Purity Lead Market

High purity lead can be divided on the terms of product type, production type, and end use. On the basis of product type, high purity lead can be divided into pellets, granules, ingots, wires, sheets, foils, and rods. On the basis of production type, high purity lead can be divided into primary and secondary production. On the basis of end use, high purity lead can be used for chemical industries, protection and sheathing, building and construction, and automotive batteries.

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The report here about the high purity lead market provides assessments at regional and global levels to recognize and use crucial information that has been widely supported with detailed research on business aspects such as latent business opportunities and competitive scenario.

The report was compiled with

Technology: Changes arising from the market owing to tech innovations
Market Divers: Top influencers likely to significantly impact the market
Competitive Analysis: Strategy employed by key market players
Demand and Supply
Market Segmentation: Categorization of market divisions
Trends and Obstacles: Popular trends in the market and likely challenges

The analysis of regional markets has also been provided here

Western Europe high purity lead market (Spain, Italy, Germany, France, U.K.)
Eastern Europe high purity lead market (Russia, Poland)
Middle East and Africa high purity lead market (N. Africa, S. Africa, GCC countries, Rest of MEA)
North America high purity lead market (Canada, U.S.)
South America high purity lead market (Brazil, Mexico, Rest of Latin America)
Asia Pacific excluding Japan high purity lead market (India, China, Australia, New Zealand, ASEAN)
Japan high purity lead market

About FMI

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Cosmetic Pencil & Pen Market Reaching US$ 4.3 Bn at a CAGR of 6.3% By 2029

The global cosmetic pencil & pen market was valued at ~US$ 2 Bn in 2018, and is expected to increase at a CAGR of ~8% between the forecast period 2019–2029, according to a recent study published by Future Market Insights (FMI). The study opines that the increasing focus to developments and innovation will continue to remain one of the vital factors that accelerates the market growth of the cosmetic pencil & pen.

As per the key findings of the report, the global cosmetic pencil & pen market is projected to experience noteworthy growth over the forecast period due to various driving factors such as growing e-commerce industry and increasing demand for cosmetic product. The major players of cosmetic pencil & pen are focusing on the e-commerce channels for sales and promotion, finds the study.

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The e-commerce industry is growing at a good pace and is expected to contribute to the increasing sales of cosmetic products, and simultaneously influence the emerging trends in the global cosmetic pencil and pen market during the forecast period. E-commerce provide small and local manufacturers a large platform to do business, which is expected to increase in market share by reaching new customers.

Consumers are attracted towards the buying process provided by the e-commerce industry, it speeds up the buying process and saves time. It also provides a comparative study about the product with reduced cost, and this will bolster online sales of cosmetic pencil & pens in the coming future.

Asia Pacific to Hold One-Third Revenue Share; Market Leaders to Expand Their Presence in the Region

The FMI study finds that China, South Korea and Japan are the leading exporter and importer of cosmetic product in the Asia Pacific region, and these countries cumulatively accounts for approximately 2/3rd of the total Asia Pacific cosmetic pencil & pen market. It is due to increase in per capita income of working women and increasing attention towards fashionable cosmetic product.

Europe is also expected to witness a positive outlook towards cosmetic pencil and pen in the forecast period followed by the Asia Pacific region. France and U.S. are the leading exporters in the global market. It is due to presence of key players in cosmetic pencil & pen manufacturing. Leading European cosmetic pencil & pen manufacturers are entering into potential market of Asia pacific, and more often in Southeast Asia.

The tier 2 companies are also planning to expand their presence in the global market with increased production capacity with acquisition and mergers. Growing penetration of local manufacturers in their respective regions also fuels the cosmetic pencil & pen market. Furthermore, emerging economies of Latin America such as Mexico and Argentina are expected to have potential in the cosmetic pencil & pen market during the forecast period. All these factors will create demand for cosmetic pencil & pen in the coming years.

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Cosmetic Pencil & Pen Market: Vendor Insights

Leading cosmetic companies such as
Intercos S.p.A,
Swallowfield PLC,
Schwan-STABILO
Cosmetic GmbH & Co. KG and

HCT Group are focusing on developing innovative product and also focusing on expanding its geographical presence to sustain in the market. The companies providing various types of cosmetic pencil & pen with increase product offering help them to increase the revenue and sales of the company.

Some of the other key players in the global cosmetic pencil & pen market are

Alkos Cosmetiques SAS,
Oxygen Development LLC,
JOVI S.A,
A.W. Faber-Castell Cosmetics GmbH,
Confalonieri Matite S.R.L,
Columbia Cosmetics Manufacturing Inc,
Eugeng International Trade Co., Ltd.,
Quadpack Spain SL,
Ningbo Beautiful Daily Cosmetic Packaging Co., Ltd.,
The Packaging Company, and
Alovey Cosmetic Packaging Co.,Ltd.

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Key Segments Covered in Cosmetic Pencil & Pen Industry Research

By Material :

Plastic
Wood
Metal

By Product Type :

Sharpenable Wooden Pencils
Sharpenable Molded Pencils
Mechanical Pencils

By Application :

Eye
- Eyeliner & Kajal
- Eye Shadow
- Eye Brow
- Mascara
Lip
- Lip Liners
- Lipsticks
- Lip Gloss
Clean-up Pencils
Concealer Pencils
Cheek Balms
Sculpting Pencils
Skin Glossing Pencils

By Region :

North America Cosmetic Pencil & Pen Market
Latin America Cosmetic Pencil & Pen Market
Europe Cosmetic Pencil & Pen Market
East Asia Cosmetic Pencil & Pen Market
South Asia Cosmetic Pencil & Pen Market
Oceania Cosmetic Pencil & Pen Market
Middle East & Africa (MEA) Cosmetic Pencil & Pen Market

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Demand Analysis for Parenteral Packaging Market | Current Trends, Issues, Challenges, Sales Projection

Future Market Insights (FMI) in its market analysis projects the parenteral packaging market to grow at 5.5% CAGR during the forecast period 2021-2031. Driven by the rising necessity of effective packaging solutions for therapeutic drugs without compromising their potency, the parenteral packaging market is forecast to reach the market valuation of US$ 11,460 Mn in 2021.

North America is expected to provide lucrative growth opportunities backed by increasing healthcare spending and rising production rate of parenteral packaging in U.S. Spurred by this, the North America parenteral packaging worth is projected to expand at 4.3% CAGR in 2021.

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Companies are shifting towards prefilled and ready-to-use containers and this is expected to augment the usability of parenteral products in self-medication.

As such, the global market for parenteral packaging is set to witness significant growth in the next 10 years, as estimated in a study by Future Market Insights. According to a report released by the leading market research firm, the global parenteral packaging market is set to exceed US$ 11460 Mn by the end of 2021.

Exhibiting a growth rate of 5.5% in the coming decade, revenue from the sales of parenteral packaging products is slated to experience around 6% year-on-year growth rate in 2021. Sustainability is the buzzword here – manufacturers are steadfast in their focus on addressing environmental concerns; which probably explains the near-death of plastic as a preferred material for parenteral packaging, owing to environmental issues associated with the disposal of plastic parenteral packaging products.

Innovation to Take Centre Stage in the Manufacturing of Parenteral Packaging Products; Automation to Underpin Core Production Processes

With technology having seeped through the global industry fabric, the market for parenteral packaging products is witnessing a new era of advanced processing techniques powered by automation in the packaging industry.

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Advanced automation in manufacturing processes has brought in notable modifications pertaining to the provision of drugs to patients, and this integration of automation into core manufacturing systems is trending the global parenteral packaging market.

Manufacturers are also focusing on deploying high quality, contamination free processes to assemble parenteral packaging containers. These processes seek to eliminate incidences of reactions between the material used to manufacture the containers and the actual content (drugs) of the containers, thereby preventing harmful effects on patients consuming the drugs.

Several product recalls in the past have forced manufacturers of parenteral packaging products to select the best material to manufacture containers, and this factor is acting in favour of revenue growth of the global parenteral packaging market.

Ready-to-Fill Formats and Automated Assembly Lines Trending the Global Parenteral Packaging Market

On the back of sustainability drives by global governments, manufacturers of parenteral packaging products are changing their operations by integrating automated systems in their assembly lines.

A strategic shift from manual to automatic packing lines is bringing in enhanced process efficiency and reducing dependency on manual labour, thereby creating pathways for cost-effectiveness in the long run. Further, the rapidly rising demand for prefilled syringes is benefitting the global parenteral packaging market.

Specific requirements from the healthcare industry for speciality packaging products such as IV pre-mixed systems and single-use vials is also expected to bolster revenue generation in the global market for parenteral packaging in the coming years.

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Newer Raw Material Options to Create Increased Growth Opportunities for Manufacturers of Parenteral Packaging Products

Over the years, conventional raw materials used to manufacture parenteral packaging products have witnessed several advancements. Add to this the introduction of newer types of material to manufacture parenteral packaging containers, and the global market is suddenly a hotbed of opportunities for manufacturers.

The global parenteral packaging market is witnessing strategic collaboration between manufacturers and suppliers for both the sourcing of appropriate raw materials and the final packaging formats.

For instance, polymers such as cyclic olefin polymers (COP) and cyclic olefin copolymers (COC) are being sought after in large numbers, owing to their inherent advantages over conventional plastic and glass used to manufacture parenteral packaging containers.

The introduction of better raw material types supports increased sophistication in drug delivery technologies, thereby helping manufacturers up their revenue standing in the global market. Needless to say, this is positively impacting revenue growth of the global parenteral packaging market.

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Key Questions Answered in the Report

What is parenteral packaging market size?

Driven by increasing demand for therapeutic drugs storage provisions, the parenteral packaging market size is forecast to reach US$ 11,460 Bn in 2021

At what rate did the parenteral packaging market expand in the last five years?

Between 2016 and 2020, the parenteral packaging sales surged at a 4.6% CAGR backed by increasing demand for self-administered drugs and medicines for chronic ailments.

What are the key trends shaping the parenteral packaging market?

Growing emphasis towards multi-compartment parenteral packaging for faster distribution of medications across the globe is the key trend shaping the market.

What are the key factors driving parenteral packaging market demand?

Rising prevalence of chronic ailments and high demand for vaccines to tackle epidemics and pandemics will remain the chief growth driver. The market also will gain from rising spending on advanced healthcare.

What is the North America parenteral packaging market outlook?

Demand registered in North America will continue rising, backed increasing sales and production of parenteral packaging in the U.S, the North America market will expand at 4.3% CAGR in 2021.

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Medium Carbon Steel Market Outlook, Current and Future Industry Landscape Analysis by 2028

Medium carbon steel which contains 0.3% to 0.65% of carbon is finding essential applications in a number of end use industries including railway, construction, oil, and automotive industries owing to its properties of enhanced ductility, density, and heat treatment capabilities. Improvements in material by key market players is anticipated to boost the medium carbon steel market through the period of forecast.

Demand from Construction Industry to Boost Medium Carbon Steel Market

Constant and rapid growth of end use industries of medium carbon steel such as oil and gas, construction, railways, and automotive, across developed and developing countries around the world is a major factor behind the growth of medium carbon steel market. In addition to this, the superlative resistance of medium carbon steel to wear and tear, along with good strength and ductility is anticipated to boost market demand in the coming years.

Original equipment manufacturers in end use industries along with medium carbon steel producers are increasingly emphasizing on research and development activities to improve medium carbon steel to have better physical and mechanical properties. In addition to this market players are also focusing on strategic geographical expansion to increase market presence and meet consumer requirements.

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On the other hand, volatile raw material prices and the complexity in the process of cutting and shaping medium carbon steel is anticipated to act as a major constraining factor that will hinder the growth of the market.

Strategic Expansion Strategy to Remain Key Focus for Medium Carbon Steel Market Players

Major medium carbon steel market players including Curtis Steel Co. Inc., O’Neal Steel Inc., Omega Steel Company, ArcelorMittal SA, and High Steel Corporation, among others are working towards expanding their market presence through strategic expansion on a global scale with collaborations mergers and acquisition activities coupled with developing improvements in materials.

The Norfolk Iron & Metal Company announced its expansion through the acquisition of O’Neal Flat Rolled Metals, a subsidiary of O’Neal Industries Inc. The acquisition is anticipated to enable the Norfolk Iron & Metal Company to expand its operations and provide medium carbon steel products to 30 states of the United States on a daily basis.
ArcelorMittal recently announced its intention to acquire Essar Steel which is anticipated to greatly increase the lead the company has over other competing players in the medium carbon steel market, with the addition of more than 6 million tonnes of output. The deal is also anticpated to lead towards collaboration with Nippon Steel and Sumitomo Metal Corporation.
Curtis Steel revealed its use of the 100Cr6 heat treatment process for its medium carbon steel production process, which allows the material to either be used as either bainitic or martensitic structures for enhancements in hardness or resilience and fine grain size distribution throughout the material homogeneity in all aspects of grade and structure.

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Construction and Automotive Sector Expansion to Boost Asia Pacific Medium Carbon Steel Market

The Asia Pacific, followed by the North America medium steel market is anticipated to see significant rate of growth, which can be largely attributed to the rapid expansion of construction and automotive in the United States and emerging economies including China and India.

The presence of numerous automobile industry market players in Europe and their expanding operations is also anticipated to result in a significant demand for medium carbon steel in the region. This is particularly true for Germany, which has the largest automotive market in Europe.

Latin America and the MEA regions are also expected to witness steady growth in the medium carbon steel market owing to demand in railway and construction industries in these regions.

This report on the medium carbon steel market gives readers a global and regional level analysis of validated data on various market aspects including market opportunities and competitive scenarios.

The write up comprises information on

Demand and Supply
Trends and Obstacles: Market trends and likely challenges
Technology: Changes in market from modifications in technology
Market Segmentation: Key categorization in market
Competitive Analysis: Strategic activity by key players
Market Drivers: Business factors that affect the market

First-hand research has been essential in the compilation of the report on the global medium carbon steel market, with gathering of data such as trends, market attractiveness, and economy gained through interacting with industry analysts.

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Segmentation of the Global Medium Carbon Steel Market

Medium carbon steel can be broadly segregated on the basis of applications and end users.

On the terms of applications, medium carbon steel can be divided into

structural steel,
shafts and gearing,
railway vehicle and
rail components,
along with pressured structures.

On the terms of end users, medium carbon steel can be classified into

oil & gas,
automotive,
ship building,
railway transport or
ship building among others

These regional markets were also analyzed:

Western Europe medium carbon steel market (France, Germany, Italy, Spain, U.K.)
Eastern Europe medium carbon steel market (Poland, Russia)
North America medium carbon steel market (U.S., Canada)
South America medium carbon steel market (Mexico, Brazil, Rest of Latin America)
Japan medium carbon steel market
Asia Pacific excluding Japan medium carbon steel market (India, China, ASEAN, New Zealand, Australia)
Middle East and Africa medium carbon steel market (N. Africa, S. Africa, GCC countries, Rest of MEA)

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Conveyor Belt Materials Market Size Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2028

A conveyor belt is essentially an indispensable component of a material handling system, wherever bulk material is required to be transferred from one point to another within a plant or factory. Earlier, the conveyor belts materials used in the industry were made of steel and other metal parts, but with the advent of lighter and composite materials and evolution of stringent regulatory norms in pharmaceutical, food processing, tire manufacturing and chemical industries, plastic belts have been introduced in industries where there is a chance of contamination or chemical reaction.

The modular feature in conveyor belts makes them easier and cost effective in terms of reducing the maintenance, down time and replacement cost as a single part of the conveyor belt can easily be replaced rather than replacing the entire conveyor belt system.

The increase in global industrial investment has led to continuous growth in the number factories over the past few years. This has fuelled the demand for conveyor systems, which in turn is driving the growth of the conveyor belts materials market. Conveyor belts are integrated components of conveyor systems, and basically used to transport materials from place to others. On the basis of application, different kinds of materials are used for conveyor belts such as aramid, metal and thermoplastic to name a few.

The belt consists of one or more materials and typically, has three layers: carcass, top cover, bottom covers. The purpose of the carcass is to provide shape and linear strength and this layer is made of polyester, nylon, steel, aramid and cotton. The covers are usually made of plastic and rubber compounds specified by the use of the belt. Steel conveyors belt are used when high strength class is required.

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Conveyor Belt Materials Market: Drivers

Growth in industrial investments, coupled with a rise in the food industry, are expected to fuel the demand for conveyors belt systems, which in turn is anticipated to drive the global conveyor belt materials market. Moreover, increase in the number of malls, airports and factories across the globe is further expected to surge the demand for conveyor belt materials during the forecast period. However, the high cost of these materials may restrain the demand for conveyor belts. Also, new technologies for material handling equipment are replacing the demand for conveyor belt materials.

Conveyor Belt Materials Market: Regional Outlook

From a regional perspective, Asia-Pacific is expected to be a significant revenue generating region in the global conveyor belt materials market. The growing number of malls, rising middle class income and increase in industrial investment in India & China are expected to surge the demand for conveyor belt materials in APAC during the forecast period.

In Europe, Germany, Italy and the U.K. are collectively projected to grow at a significant rate during the forecast period. The growth of material handling equipment and increase in the number of regional airports in the region are expected to spur the demand for conveyor belt materials in Europe.

Conveyor Belt Materials Market: Market Participants

Some of the market participants/vendors identified in the conveyor belt material market across the globe are:

Habasit
SRF Limted
Somi Conveyor Belting Ltd.
Wellwaij Belting
Du Pont
Shanxi Phoenix Conveyor Belt Co. Ltd.
Continental AG
Dura Belt Inc.
Wire Belt Company of America

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

The report covers exhaust analysis on

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

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K., Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

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Conveyor Belt Materials Market: Segmentation

On the basis of material used, the conveyor belt material market can be segmented into:

Thermoplastic
Aramid
Metal (Stainless Steel and Carbon Steel)
Rubber
Fabric
Leather

On the basis of belt type, the conveyor belt material market can be segmented into:

Filter Belts
Woven Metal Belts
Hinged Belts
Plastic Interlocking Belts
Others

On the basis of weight, the conveyor belt material market can be segmented into:

Light Duty Conveyor Belt
Medium Duty Conveyor Belts
Heavy Duty Conveyor Belts

On the basis of end use, the conveyor belt materials market can be segmented into:

Automotive
Airport
Malls
Food & Beverages Industries
Goods Manufacturing Industries
Others

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