QR Code Labels Market Share and Growth Factors Impact Analysis 2027

The global QR code labels market is estimated at US$ 1.3 Bn in 2022 and is projected to reach US$ 2.1 Bn by 2027, at a CAGR of 8.9% from 2022 to 2027.

Equally significant as packaging, product labeling has also emerged as an extremely important factor influencing the purchasing behavior of consumers. The 2D nature and machine (mobile device) readability of QR code labels continue to highlight their robust potential in terms of adoption. Apart from food and beverages, healthcare, pharmaceuticals, and personal care industries have been adapted to the paradigm shift of barcode-to-QR code, in recent past.

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The report by FMI has covered deep dive profiles of some of the key players active in QR code labels marketplace, including Lintec Corporation, Hibiscus PLC, CCL Industries, Label Logic, Inc., Packtica SDN Bhd, Advanced Labels NW, Data Label Co. UK., Coast Label Company, Consolidated Label & Co., and Label Impressions Inc.

Increasing criticality of addressing serious industrial consequences of products and label counterfeiting is compelling operators in the various industrial domains to embed QR code labels over the conventional counterpart, i.e. barcode.

Exploring a broader application in the food and beverages industry that accounts for a substantial revenue share in QR code labels market, the QR code labels efficiently link consumers to the product authentication information, which is otherwise a challenge in case of labels that are limited by the lack of space availability.

Top Trends Shaping Strategic Activities of QR Code Labels Manufacturers –

  • Waterproof QR code labels
  • QR code labels specifically designed for packaged seafood products
  • Mass integration of QR code labels on alcoholic beverages by wholesale and retail distributors

A majority of established companies manufacturing QR code labels are shifting their focus to waterproof QR code labels that efficiently withstand harsh weather conditions. Growing incorporation of QR code labels in seafood products and liquor bottles marks another strong trend in the QR code labels landscape, observed in recent years.

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Russian wholesalers and retailers dealing in alcoholic beverages have commenced mass QR code labelling for all liquor bottles, as a brand new effort to adapt to their electronic tracking and monitoring systems. While this trend is now also applicable for both premium spirit and beer, it is likely to enable Russian alcohol industry to maintain a track of export, import, and sales, in addition to production, distribution, and sales.

Australia based QR code labels manufacturers have been investing efforts in tracking seafood and meat products through the transit and thereby allow consumers to remain informed of products’ history and current status.

In a recently released intelligence outlook, Future Market Insights forecasts a strong growth outlook for global QR code labels marketplace over next few years. Superior functional attributes of QR code labels over conventional barcodes will remain the primary booster for manufacturers of the former in global landscape.

Enjoying extensive applicability in security, inventory management, mobile payment, and marketing & advertisement, QR code labels will reportedly continue to gain higher traction owing to high storage capability for text, URLs, webpages, and contact information. Up to 30% damage tolerating ability is also cited as an important factor pushing adoption of QR code labels across industries.

Key Insights Drawn from Report –

  • Pressure-sensitive QR code labels remain an attractive segment, globally, across multiple industrial verticals.
  • Adoption across the F&B industry estimated to gather momentum, boosting sales of QR code labels in the near future.
  • Anti-counterfeiting applications are projected to uplift sales of QR code labels in automotive sector.
  • Soaring smartphone sales and the thriving retail sector are indirectly (positively) impacting the QR code labels landscape.
  • China, with nearly 40% value share in Asia Pacific market, remains the revenue growth engine for regional QR code labels marketplace.
  • North America’s market for QR code labels is slated to demonstrate exceptional growth in the revenue, in coming years.
  • Globally and regionally leading QR code labels manufacturers are likely to eye lucrative investment pockets across Asia Pacific, and Middle East & Africa.

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Security Labels Market Estimated to Expand at a Robust CAGR By 2030

The Global Security Labels Market is estimated at US$ 29.5 Bn in 2022 and is projected to reach US$ 44.8 Bn by 2030, at a CAGR of 5.4% from 2022 to 2030.

Future Market Insights in its most recent delivered report, projects more than 3% yearly development in worldwide security labels market, which will push the complete market size to be over US$ 45 by in 2030. Development of retail area, its surprising advancement, and changing buyer awareness have all in all animated the development of unified businesses, for example, naming and bundling.

Request to make retail more coordinated with improved and effective stock administration is supposed to up the interest for security labels. Future Market Insights predicts that the steadily growing food and drinks and drug markets will move the interest for cutting edge security labels that come to RFID and NFC advances.

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Growing e-commerce and bulk buying has significantly created a need for right labelling to ensure proper asset tracking, tracking of warehouse locations, and safe storing of the product until it reaches the buyer. The need to differentiate products on shelves has compelled security label manufacturers to offer high quality labels that satisfy the packaging and labelling objectives of their clients operating in retail and food markets.

Use of security labels reduce chances of package tampering, which ensures right delivery of products to consumers. Security labels also allow fast and reliable authentication of genuine products, which is essential for safeguarding customer’s interest.

Identification of authentic products from the counterfeit one has been noted as the key market driver as it maintains product integrity. Analysts have assessed each of these factors in detail to ascertain them as powerful market forces responsible for market growth.

Unique Identification Technology and IoT to Boost the Demand for Security Labels

RFID technology, which offers unique identification and real-time information, is expected to give security labels the much-needed overhaul. While it does increase the price of security labels, RFID enables accurate tracking of products. From date of manufacturing to expiry, asset tracking, and inventory management, the modern security labels are expected to simplify many issues for end users.

This technology coupled with Internet of Things and cloud computing technologies used across verticals is expected to enhance security labelling as the best solution for ironing out the creases in logistics and supply chain. Easy access to information about products, information about warehousing, storing, and final dispatch can be easily managed with such labels.

RFID security labels are also expected to make lab work error free as they largely remove the element of human interaction for reading, sorting, shelving. Such benefits are expected to favor market growth in the coming years.

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One of the challenges that brand owners face is maintaining and developing a positive brand image. Companies strive to achieve positive impression by improving product performance, reliability, and creating value. However, counterfeit products can tarnish the positive brand image and gray market of the products can result in margin shrinkage. To overcome the challenge, security labels are anticipated to play a vital role in authentication of products. This is likely to boost the demand for security labels in the years to come,” says an FMI analyst.

Impact of COVID-19 on Security Labels Market

The short term impact of COVID-19 pandemic can be felt through shortage of raw material and disturbed supply chains in the security labels market. While this has caused the sales to plummet, the pandemic has also highlighted the need for it security in the pharmaceutical, healthcare, and R&D industry.

The growing clinical trials and increasing diagnostics have created a dire need for security labels across labs and research and development centres. Increasing pressure to find a vaccine for COVID-19, will need accurate labelling of samples, thus generating a massive demand for security labels.

Investment by governments in these clinical trials across the globe is also expected to up the demand for security labels in indirect ways.

Security Labels Market Landscape

Avery Dennison Corporation, 3M, CCL Industries Inc., Brady Corporation, Zebra Technologies Corporation, Honeywell Corporation are the top players operating in the Security Labels Market. Furthermore, Covectra, Inc., UPM Raflatac, tesa SE, Mega Fortris Group, Sato Holdings Corporation, Muehlbauer Holding AG, Invengo Technology Pte. Ltd and Smartrac Group are prominent players in the security labels market. The Tier 3 players in the market hold 63-70% in the global Security Labels Market. In conclusion, key players contribute 20-30% of the global market.

Key Takeaways of Security Labels Market Study

  • Food & beverage industry is estimated to account for more than 2/5th of the security labels demand by 2030
  • Barcode labels to have an incremental opportunity of US$ 5 Bn by 2030
  • Plastic, as a raw material, estimated to account for 45% of the global market by value and is expected to reach slightly over US$ 20 Bn by 2030
  • VOID pattern type is estimated to account for more than 60% by value of the market share by 2030
  • Boxes & cartons estimated to account for half of the market share by 2030 owing to ease of application due to flat surface of boxes and cartons
  • East Asia is estimated to have an incremental opportunity of US$ 6 Bn by 2030 with presence of large number of packaging products manufacturers.

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Competitive Landscape

Major market players across global security labels market are focusing upon launching advanced security labels made up of innovative materials and using acquisition as key strategy to expand its operational presence in different parts of the world:-

In February 2022, Avery Dennison Corporation launched first certified portfolio of vegan labels, which contains no animal derived components. It was launched to vegan alternatives across various industries.

In January 2022, CCL Industries Inc. acquired International Master Product Corporation, which is a Michigan, U.S. based manufacturer of tags & labels.

Global Security Labels Market By Category

By Product Type :

  • Barcode
  • Holographic Labels
  • Radio Frequency Identification (RFIDs)
  • Electronic Article Surveillance (EAS)
  • Near Field Communication (NFC)
  • Others (QR codes, etc.)

By Material Type :

  • Plastic
    • Polyester
    • Vinyl
    • PP
    • Others
  • Foam (EPS)
  • Foil
  • Paper

By Pattern Type :

  • VOID
  • Checkboard
  • Destructible
  • Other Customized Patterns

By Application :

  • Bottles & Jars
  • Boxes & Cartons
  • Bags & Pouches
  • Other Containers (IBC’s, Drum, etc.)

By End-use Industry :

  • Food & Beverage Industry
  • Healthcare & Pharmaceutical Industry
  • Chemicals & Fertilizers Industry
  • Electrical & Electronics Industry
  • Personal Care & Cosmetics Industry
  • Others (Homecare, etc.)

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

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Box and Carton Overwrap Films Market Demand, Scope and Future Estimation until 2028

Future Market Insights (FMI) delivers key insights on the global box and carton overwrap films market in its published report titled “Global Box and Carton Overwrap films Market Forecast, Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028.” In terms of revenue, the global box and carton overwrap films market is estimated to expand at a CAGR of 4.1% during the forecast period, owing to numerous factors on which FMI sheds light in this report.

Box and carton overwrap films can be wrapped around a variety of packaging formats. Box and carton overwrap films are used for different types of box packaging for tobacco, cosmetics, and pharmaceuticals. Box and carton overwrap films serve the purpose of protection from moisture and external elements. The manufacturers in the box and carton overwrap films market prefer 20-40 micron thickness films for wrapping purposes.

Although box and carton applications are expected to expand at a healthy growth rate, the fast adoption of flexible packaging solutions could pose a threat to the box and carton overwrap films market. However, the global box and carton overwrap films market is estimated to expand at a noticeable growth rate during the forecast period, due to an increment in the usage of protective packaging solutions.

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The global box and carton overwrap films market is segmented on the basis of material type, film type, film thickness, coating type, end use, sales channel, and region. On the basis of material type, the global box and carton overwrap films market is segmented as PVC, PE, PP, PET, and other materials. On the basis of film type, the global box and carton overwrap films market is segmented as shrink and stretch film. On the basis of film thickness, the global box and carton overwrap films market is segmented as coated and uncoated films. On the basis of end use, the global box and carton overwrap films market is segmented as food, beverage, PC, & cosmetics, Automotive, health care, industrial packaging, shipping & logistics, electrical and electronics, and others.

On the basis of sales channel, the global box and carton overwrap films market is segmented as brand owner sales and converter sales. The food segment in box and carton overwrap films market includes processed food, fresh produce, dairy products, and bakery & confectionery.

Manufacturers Prefer Multi-functional Box and Carton Overwrap Films

Box and carton overwrap films manufacturers are focusing on overwrap films that incorporate several convenience and product safety features. The demand for efficient packaging solutions is no longer focused on simply offering convenience. Modern-day box and carton overwrap films incorporate several features such as assurance of extended shelf life and tamper evidence. In addition, box and carton overwrap films with their high printability, are designed to enhance the on-shelf appeal of the product, since consumer perception plays a key role in the buying decision in a modern retail environment. Box and carton overwrap films market is expected to have significant growth due to manufacturer’s changing preference towards multi-functional properties.

Box and Carton Overwrap Films Market: Key Developments

Manufacturers in the box and carton overwrap films market use acquisition and merger strategies for significant growth in the coming years. Companies such as CCL industries and Jindal Poly Films Ltd. are following strategies such as mergers and acquisitions to improve business operations and expand all over the globe.

  • In 2017, CCL Industries Inc., acquired Innovia group of companies, a manufacturer of packaging films, labels, and tobacco packaging solutions which include box and carton overwrap films.
  • In July 2018, CCL Industries Inc., acquired Treofan America Inc. and Trespaphan Mexico Holdings GmbH (Treofan Americas).
  • In 2018, Jindal Films, an Indian film and label manufacturer acquired a controlling stake in Treofan Europe.

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Box and Carton Overwrap Films Market: Competitive Landscape

Terichem A.S., CCL Industries Inc., Berry Global Inc., Cosmo Films Ltd., Smurfit Kappa Group Plc, Treofan Group, Futamura Chemical Co., Ltd., Irplast S.p.A., Taghleef Industries Group, SIBUR International GmbH, Jindal Poly Films Ltd., Garware Polyester Limited, Transcendia Inc., Uflex Ltd, and Industrial Development Company sal (Indevco) among others.

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

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Disposable Cutlery Market Will Generate New Growth Opportunities in Upcoming Year

Disposable cutlery has emerged as the most economical and efficient solution for both indoor and outdoor food service activities. Future Market Insights (FMI) in a new study has forecast the market to exhibit 0.9% Y-o-Y growth in 2021, after exhibiting negative returns in 2020.

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The global disposable cutlery market is expected dispose off linear transition and move towards exponential transition between 2022 and 2031 at a CAGR of 4%, reaching US$ 2.4 Bn by the year 2031.

Use of disposable cutleries in hotels, pubs, bars and beyond has been a key game changer. For instance, these cutleries are highly sought-after for better convenience and hygiene factor in schools & offices. The convenient use and affordable pricing of disposable cutlery with availability of dispensed and wrapped types are driving growth.

Disposable spoons are expected to remain highly sought after. While plastic still accounts for majority of disposable spoons sold worldwide, consumers are gradually transitioning towards wooden spoons. Use and throw wooden spoons are widespread in countries such as India, France, and others that have implemented stringent regulations against the use of plastic.

Key Takeaways from Disposable Cutlery Market

  • FMI presents positive outlook for disposable cutleries market. After reporting negative growth amid COVID-19, the market is set to exhibit 4.4% CAGR between 2021 and 2031
  • U.S. is expected to account for 86% of disposable cutleries sold in North America
  • U.K.’s recovery post COVID-19 is will be slow and steady. FMI projects it to exhibit 1% Y-o-Y growth in 2021
  • Outlook for Germany and Spain will remain positive
  • China will lead East Asia, while growth in South Asia is expected to be spearheaded by India

“Leading players are launching disposable cutlery made from a wide variety of materials, with appealing look, and specialty applications to enhance customer satisfaction. Additionally, there is increasing focus towards the production of green disposable cutlery items made of plant starch, wood, and bamboo, which is likely to boost the market in the near future,” says FMI analyst.

Rising Demand for ‘On-the-go Food’ Fuelling Sales

Millennials are increasingly looking for personal experiences with trendy goods. They also represent a major and rapidly growing segment of the market. In order to better satisfy the increasing demand of millennial, who prefer on-the-go food producers are also concentrating on expanding their disposable cutlery portfolios. To allow maximum customer convenience, they are seemed to be focusing increasingly on design. Ease in storage and grab-and-go features of disposable cutlery also contribute towards their sales, apart from practical features such as low costs and food hygiene.

In order to cater to the increasing number of on-the-go customers, foodservice operators provide different services such as ‘takeaway’ and ‘drive through’. In response to this, the demand for disposables in the food service is expected to dramatically rise over the next five years.

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Key Segments Covered in Disposable Cutlery Industry Research

Product Type

  • Spoon
    • Plastic
      • Polypropylene (PP)
      • Polystyrene (PS)
      • Poly lactic Acid (PLA)
    • Wood
  • Fork
    • Plastic
      • Polypropylene (PP)
      • Polystyrene (PS)
      • Poly lactic Acid (PLA)
    • Wood
  • Knife
    • Plastic
      • Polypropylene (PP)
      • Polystyrene (PS)
      • Poly lactic Acid (PLA)
    • Wood

Fabrication Process

  • Thermoforming
  • Die Cutting
  • Injection Molding

Cutlery Type

  • Wrapped Cutlery
  • Dispensed Cutlery

End-use

  • Food Service Outlets
    • Hotels
    • Restaurants & Cafes
    • Quick Service Restaurants (QSR)
  • Institutional Food Services
    • Cinemas
    • Airline & Railway Catering
    • Schools & Offices
    • Hospitals
  • Household Use

Sales Channel

  • Manufacturers (Direct Sales)
  • Distributors
  • E-retail
  • Retailers
    • Hypermarkets
    • Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Discount Stores & Warehouse/Wholesale Clubs

Impact of COVID-19 on Disposable cutlery Market

COVID–19 has caused drop in sales in 2020-21. This is mainly due to the continuing challenges faced by food service outlets and institutional food service businesses, which are the biggest customers of disposable cutlery. Restaurants, quick service restaurants (QSRs), bars, pubs, and coffee shops remained shuttered for prolonged period to contain the virus, causing disposable cutlery sales to contract.

Nonetheless, the focus on hygiene has caused considerable shift in behaviour pattern among consumers. There is higher inclination towards getting food delivered than dining out even after economies are returning to normalcy. Likewise, the demand for disposable cutleries is surging in comparison to reusable ones to ascertain better hygiene.

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Disposable cutlery Market Landscape

Huhtamaki Oyj, Pactiv LLC, Dart Container Corporation, and Georgia-Pacific LLC are the top players operating in the disposable cutlery market. Additionally, DOpla S.p.A., Vegware Ltd, I.L.P.A. S.p.A. Group, Genpak, LLC, D&W Fine Pack LLC, and Novolex Holdings, Inc. are some of the leading players operating in the market. Companies operating in the market are focusing on innovations to gain competitive advantage.

For instance:

  • Biopac UK Ltd has recently unveiled a range of disposable spoons made from biodegradable corn starch
  • A new line of products, called “Cheeky” introduced by Dart Container Corporation include paper plates and bowls, besides colored cutleries

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

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Steel Drum Market Size, Share, Growth Trends, and Forecast Analysis to 2031

The global steel drum market is projected to witness linear growth between 2022 and 2031 at a CAGR of 4.9%, reaching US$ 18.6 Bn by the year 2031.

Steel drums have emerged as preferred rigid packaging solutions as they are increasingly used for transporting hazardous and non-hazardous material. According to a study by Future Market Insights (FMI), the steel drums market is forecast to register steady growth on the back of increasing applications in industries such as chemicals, food & beverages, petroleum & lubricants, healthcare & personal care, building & construction, paints, inks, & dyes, and others.

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Growth forecast for the market remains positive in response to the consistently rising demand for safe & secure and cost-effectiveness solutions. Steel drums are often preferred for transporting chemicals because they are environmentally friendly, fire resistance, and have various other advantages. Considering the availability, steel drums are available in two different materials, stainless steel and carbon steel. Of these, carbon steel is preferred more.

Over the past few years, the steel drum is gaining popularity among various end-use industries especially for storage and transportation of liquid materials as it offers safe and secure packaging solution. Also, rising concerns about sustainability is creating growth opportunities. Future Market Insights forecasts the market to continue growing at a positive rate between 2021 and 2031.

Key Takeaways from Steel Drum Market

  • Driven by rising demand for effective packaging solutions, steel drums market will rise at 5% CAGR between 2021 and 2031
  • Within the U.S., the chemicals industry will account for maximum sales of steel drums
  • Moderate growth is likely in the U.K. market, driven by increasing application in chemicals and petroleum & lubricants industries
  • Germany and France will remain highly lucrative markets for steel drums within Europe
  • Exceptional growth is likely in China, as demand continues increasing across diverse industries including chemicals, paints, inks & dyes, and petroleum & lubricants sectors

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“Companies operating in the market are focusing on improving designs of steel drums to make them more light-weight, efficient, and cost-effective. Also they are focusing on expanding footprint via strategic collaborations,” says an FMI analyst. 

Rise in Demand for Steel Drum in Chemical Sector Augmenting Sales

The demand for steel drums in the chemical industry is rising due to the changing way of industrial packaging solution by pooling and leasing the containers and drums. The standards for using steel drums are set by various countries and various regulations such as the U.S. Department of Transportation (DOT), United Nations regulations. Majorly the steel drums are used by the chemical industry to store and transport hazardous and non-hazardous materials.

Also, the steel drum offers high safety and easy warehousing benefit which bolster their demand in the chemical industry. The steel drum is highly used for liquid chemicals in the global industrial packaging market. The chemical segment is expected to hold more than 35% of the steel drums market and estimated to witness faster-growing demand in the next five years, owing to favourable transportation regulations and international trade.

Steel Drum Market Landscape

Greif Inc., Mauser Packaging Solution, and SCHÜTZ GmbH & Co. KGaA are the top players operating in the steel drum market. Furthermore, Time Technoplast Ltd., Balmer Lawrie & Co. Limited, Nippon Steel Drums Co. Ltd., are some of the companies operating in the steel drum market. The Tier 3 players in the market hold 75-80% in the global steel drum market.

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Key Segments Covered In Steel Drum Industry Research

Capacity:

  • 55 Gallon
  • Other than 55 Gallon

Head Type:

  • Tight Head
  • Open Head

Material:

  • Carbon Steel
  • Stainless Steel

End-Use:

  • Chemicals
  • Petroleum & Lubricants
  • Paints, Inks, & Dyes
  • Food & Beverages
  • Building & Construction
  • Healthcare & Personal Care
  • Others

Region:

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

Key Questions Answered in the Report

  • How much is the Steel Drum market currently worth?
  • What is the sales forecast for Steel Drum through 2031?
  • What was last 6-year market CAGR for the sales of Steel Drum?
  • Who are the key manufacturing companies for Steel Drum?

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

Contact:

Future Market Insights Inc.

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Copier Paper Market Brief Forecast and Analysis by Top Key Players to 2027

Future Market Insights (FMI) delivers key insights on the global copier paper market in its published report, titled “Copier Paper Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027”. ‘

Copier Paper is a light-weight paper used for copying, writing, and printing in either commercial or consumer applications. Copier paper falls under the category of uncoated freesheet grade and is used interchangeably with printing paper for everyday printing needs. Using copier paper instead of printing paper does not make much of a difference for written content but for image printing, a thicker printing paper sheet needs to be used. Copier paper can be made out of virgin as well as recycled pulp. Leading manufacturers of copier paper such as Nine Dragons Paper, Nippon Paper, and Domtar Corporation, use recycled pulp for the production of copier paper.

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Globally, the revenue generated from the sales of copier paper is estimated to be around US$ 14,278.9 Mn in 2018, and is projected to expand at a CAGR of 1.2%, during the forecast period 2018-2027. This can be attributed to numerous factors, about which Future Market Insights offers thorough insights and forecast in the copier paper market report.

FMI Key Findings

  • Among the various thicknesses, the 50-80 GSM segment is witnessing higher growth and is projected to have a positive outlook during the forecast period. It is the most commonly used thickness for everyday commercial as well as consumer printing needs.
  • Virgin copier paper holds a significant share in the copier paper market, but with the rising environmental concerns, manufacturers are using recycled pulp for copier paper production. For instance,
    • Nine Dragons, one of the leading paper manufacturers, primarily uses recycled paper as the main raw material source. The company recycles over 10 million Tonnes of fiber annually.
  • The advent of digitalization has impacted the overall graphic paper market adversely. The growth in demand for copier paper has slowed down in recent years. With the increased penetration of electronic devices and easier access to the internet, reading content online has become a trend, and electronic devices are being substituted for hard-copies. This is expected to hamper the demand for copier paper during the forecast period. However, there is a steady demand for copier paper among educational institutes as well as offices. The degree of substitution is relatively low in scientific and technological content.
  • The A/4 segment in the global copier paper market is the most preferred paper size for copier paper, followed by the A/3 segment. Most of the commercial copying is done using A/4 copier papers.

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Developing Economies to Fuel the Demand for Copier Paper During the Forecast Period

Despite facing a decline in the developed markets, copier paper has seen an increase in demand in the developing economies. This can be attributed to the growing number of students in rural as well as urban areas. Overall, the Asian copier paper market is anticipated to show strong growth throughout the decade. Apart from Japan, the Asian market is expected to grow at a healthy CAGR. Latin America and Africa also represent attractive opportunities for growth.

Paper manufacturers are performing strategic mergers and acquisitions to expand their presence in these markets and leverage the most out of the landscape. Consolidation is seen as a key strategy at the aggregate level, as paper manufacturers understand the declining nature of the market.

The key players in the global copier paper market are International Paper Company, North Pacific Paper Company, South Coast Paper LLC, UPM-Kymmene Oyj, Domtar Corporation, Nippon Paper Industries Co., Ltd., Mondi Group plc, Stora Enso Oyj, Smurfit Kappa Group Plc., Oji Holdings Corporation, Lisgop Sikar L’td., Georgia-Pacific LLC, Nine Dragons Paper (Holdings) Limited, Sappi Limited, Metsa Board Corporation, Daio Paper Corporation, Pratt Industries, Inc., Svenska Cellulosa Aktiebolaget (SCA), Packaging Corporation of America (Boise Paper), and Rolland Enterprises Inc. Many local and unorganized players are anticipated to contribute to the global copier paper market during the forecast period.

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Microbial Food Cultures Market 2022 | Latest Trends, Demand, Growth, Opportunities & Outlook Till 2032

Microbial Food Culture Market was projected to reach a valuation of US$ 1.9 Bn in 2022 and expected to reach at US$ 3.5 Bn in 2032, likely to surge at a vigorous 6.1% CAGR during Forecast 2022 – 2032.

Microbial food cultures are a group of microorganisms such as bacteria, fungi, and mold used in the food and beverage industry for processing food items. They are often used to preserve food, improve and enhance the nutritional value, so it does not depreciate.

Times before now, fermentation has been a food preservation process practiced worldwide. Fermented food products have been part of humans’ regular diet. There are many health benefits attributed to fermentation as a food preservation process, and this has fostered the rise in demand for food products or items preserved through it.

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The microorganisms used in food cultures often impart acidity, flavour, and texture to final food products. While the organisms are present on food naturally, they can also be added artificially as a starter culture in the industrial food processing.

Growing demand for natural products, rising disposable income, and the increasing number of working women are major factors driving the growth of the global microbial food culture market. Other factors, like increasing consumers’ awareness regarding the health benefits associated with the consumption of natural products, is another growth driver expected to drive the microbial food cultures market forward over the forecast period.

Microbial Food Cultures Market Growth Driven by Increasing Demand for Starter Cultures

Over the years, there has been substantial growth in the consumption of fermented food products due to their valuable traits such as the extension of shelf life, preservation, and sensory quality. These attributes have fostered the rise in demand for microbial food cultures market, and this is expected to continue over the forecast period.

However, fermented food products are manufactured using the starter cultures process for specific and expectable fermentation. Starters such as yeast and Lactic Acid Bacteria (LAB) are the highly studied starters used in various fermented food product production process.

Growing Consumer Demand for Healthy Food Products

With the rise in awareness regarding the health benefits associated with the consumption of fermented food products, there has been a surge in demand for microbial food cultures globally. Consumers are on the rise for healthy food products such as functional food and probiotic food supplements.

This surge in consumers’ demand has fostered the increase in demand for microbial food cultures, and this is expected to continue over the forecast period. In addition, manufacturers are switching towards the production of new food products with value addition of

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Microbial Food Cultures Market: Competitive Landscape

  • AECI Limited
  • CSK Food Enrichment
  • Cargill Incorporated
  • Chr. Hansen A/S
  • Lactina Ltd.
  • Koninklijke DSM N.V.
  • Frutarom
  • The TATUA Co-operative Dairy Company Ltd
  • Vitakem Nutraceutical In.

Microbial Food Culture Market by Category

By Product Type:

  • Probiotics Culture
  • Starter Cultures
  • Adjunct and Aroma Cultures

By Microorganism Type:

  • Bacteria
  • Mold
  • Yeast

By Function:

  • Flavoring Agent
  • Texturizing Agent
  • Preservative Agent
  • Coloring Agent
  • Nutritional Agent
  • Other Functions

By End-Use Industry:

  • Dairy Industry
  • Beverages
  • Bakery and Confectionery Industry
  • Fruits and Vegetable Industry
  • Other Industries

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Frequently Asked Questions

  • What is the demand outlook for the microbial food culture market currently?
  • At what growth rate is the microbial food culture market expanding?
  • How much is the microbial food culture market expected to be valued at over the forecast period?
  • Where is the microbial food culture market expected to expand in the coming years?
  • Who are the key players in the microbial food culture market?

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

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Food Grade Ammonium Carbonate Market 2022 Size, Development Strategy, Analysis, Key Players and Trends by Forecast 2032

The global food grade ammonium carbonate market size is expected to be valued at US$ 289.5 Million in 2022. Increasing consumption of processed food items in both developed and developing countries is likely to drive the market.

As per FMI, sales of food grade ammonium carbonate are projected to reach US$ 796.3 Million in 2032 and exhibit growth at a CAGR of 11.4% in the forecast period from 2022 to 2032. Surging usage of food grade ammonium carbonate in the bakery and confectionery industry worldwide is set to push growth. Food grade ammonium carbonate is also known as Baker’s Ammonia or hartshorn salt. Ammonium carbonate is a leavening ingredient that is widely used in various old-fashioned recipes as it instantly degrades to carbon dioxide and gaseous ammonia upon heating.

Consequently, the salt witnesses a range of applications as a leavening agent as well as a smelling salt in the food industry. The increasing adoption of food grade ammonium carbonate in bakery sector can be attributed to its ability to make extra-crisp crackers or cookies.

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Unlike baking soda or powder, food grade ammonium carbonate does not leave behind any alkaline off-flavor in final baked goods. However, the use of food grade ammonium carbonate is limited to small goods only, as the ammonia gas fails to evaporate from cakes or other large items.

Some of the leading players operating in food grade ammonium carbonate market are ECSA Chemicals, Thermo Fisher Scientific, Avantor, BASF, Sandvik Materials Technology, TCC, AMRESCO, and Honeywell. Amid the growing competition in the good grade ammonium carbonate market, manufacturers are increasing focusing on expanding their business through strategic partnerships.

Unique Benefits of Food Grade Ammonium Carbonate as Leavening Agent Fueling Market Growth

With the demand for well baked, and crisp goods with extended shelf life growing at a fast pace, manufacturers in the baking industry are increasingly adopting food grade ammonium carbonate as a leavening agent. This growing adoption of food grade ammonium carbonate can be attributed to the various unique advantages of baking ammonia over other chemical leavening agents for baking some specific kinds of cookies.

As baking ammonia increases the pH level in cookies, it weakens the gluten in the final goods. Food grade ammonium carbonate when used as a leavening agent, it creates a finished product that has more spread and tenderness while forming coarser, more-open crumb that instantly dries to a crisp.

Food Grade Ammonium Carbonate Market: Segmentation

Based on forms, the food grade ammonium carbonate market is segmented into:

  • Lumps
  • Powder

Based on applications, the food grade ammonium carbonate market is segmented into:

  • Crackers
  • Biscotti
  • Dry cookies.

Food Grade Ammonium Carbonate Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Food Grade Ammonium Carbonate market. Competitive information detailed in the Food Grade Ammonium Carbonate market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Food Grade Ammonium Carbonate market report.

Important Questions Answered in the Food Grade Ammonium Carbonate Market Report

  • Which end user remains the top revenue contributor in different regional markets?
  • At what rate has the global Food Grade Ammonium Carbonate market been expanding during the forecast period?
  • How will the global Food Grade Ammonium Carbonate market look like by the end of the forecast period?
  • What innovative strategies are adopted by Food Grade Ammonium Carbonate market players to stay ahead of the pack?
  • What are the restraints affecting the growth of the global Food Grade Ammonium Carbonate market?

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Key Offerings of the Report

  • Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
  • Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
  • Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
  • Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Food Grade Ammonium Carbonate market

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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.

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Egg White Cubes Market 2022 Global Development Countries Trends, Size, Industry Reviews with Leading Players 2032

The global egg white cubes market size is expected to be valued at US$ 541.7 Million in 2032. Increasing usage of egg protein in the sports nutrition and bakery industries is likely to augment sales of egg white cubes in the upcoming years.

As per a report by FMI, the global egg white cubes market is anticipated to reach US$ 296.3 Million in 2022 and exhibit steady growth at a CAGR of 4.2% in the forecast period from 2022 to 2032. Surging development of egg protein powder with various flavors, such as strawberry, vanilla, and chocolate is a major factor that is set to push the global market.

The demand for egg white protein has been growing significantly over the recent years, owing to the increasing consumer awareness about the health benefits of egg consumption. Egg white protein is rich in the secondary amino acids, mainly the BCASSs which is required for muscle strength. Furthermore, egg white proteins enable rapid recovery post workout, due to which they have been gaining increased traction from athletes and gym enthusiasts. Egg white cubes are composed of egg albumen liquid, and taste similar to boiled white eggs. The numerous health benefits of egg white content is fueling growth in egg white cubes market.

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Egg White Cubes Market – Competitive Landscape   

Some of the leading players operating in the egg white cubes market are Copain, Munax ltd., and SKM Egg Product Exports Ltd. Sensing the market potential for egg white cubes in India, SKM Egg Product Exports Ltd. has introduced a novel egg white cube made from chicken egg white. SKM’s launched egg white cube is ready-to-eat, and can be used in numerous dishes.

Although the product is being well-received by consumers, awareness about its availability is still at a nascent stage. As far as product penetration is concerned, only a handful of players have launched this product in different markets. However, it is highly likely that more brands will make a foray in this lucrative category.

Manifold Health Benefits of Egg White Auguring Market Growth

Altering food habits have accelerated the egg protein consumption across the world. Numerous health benefits associated with egg white intake, such as muscle building and weight management are creating lucrative growth opportunities for egg white cube manufacturers. Egg white protein contains adequate amount of nine essential amino acids, which the body needs to function optimally.

As egg white cubes are composed of protein rich, fat-, cholesterol-, and pesticide residue-free egg albumen liquid, their adoption is growing at a rapid pace. Furthermore, shifting consumer preference for healthy food and rising disposable income in the developing economies is auguring well for the growth of egg-based products such as egg white cubes. All these factors are driving growth in egg white cubes market.

Shifting Consumer Lifestyle & Rapid Urbanization Fueling Demand for Ready-to-Eat Food Products

Ready to eat food is defined as plant and animal derived food that is washed, cooked, frozen and processed for direct consumption after heating. As this food saves time and energy, it is witnessing high adoption in the deadline-driven world. Moreover growing consumer preference for nutritional small quantity of ready to eat food over conventional large meals in busy schedules, is favoring uptake of on-the-go convenience foods, such as egg white cubes. Consequently, rapidly changing food consumption behavior of consumers, coupled with the lack of time to cook at home, are creating lucrative growth opportunities for stakeholders.

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Egg White Cubes Market Dynamics – Segmentation

On the basis of distribution channel, the global egg white cubes market is segmented as –

  • Hypermarkets & Supermarkets
  • Online Channel
  • Indirect Sales
  • Convenience Stores
  • Departmental Stores

Report Highlights:

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

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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.

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White Mulberry Leaves Extract Market Insights Report 2022 with COVID-19 Pandemic Analysis and Future Growth Analysis by 2032

The global white mulberry leaves extract market is forecasted to be appraised at US$ 141.59 billion by 2032, up from US$ 41.71 billion in 2022, advancing at a CAGR of 13% during the forecast period.

White mulberry trees are part of the Moraceae family of plants which grow naturally in some of the temperate regions and are increasingly being cultivated owing to the assortment of benefits they provide. The white mulberry tree can approximately reach a height of 10-20 meters and has a short lifespan similar to that of human beings.

The extract obtained from the leaves of white mulberry is rich in chemicals that have a wide range of therapeutic benefits. In addition, the leaves of the white mulberry tree are vital for silkworm rearing with the leaves serving as the feed for the worms. Originally, a native species of China, mulberry trees are now being cultivated in the United States, Australia, Mexico, and other countries.

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Extensive Therapeutic Benefits of Mulberry Leaves Extract to Fuel Uptake

Extracts obtained from the leaves of white mulberry are rich in biologically active compounds and have been an integral part of Chinese medicine since ages. Numerous studies have suggested white mulberry leaves extract can be used to limit weight gain, diabetes, and lipid profiles in human beings.

Higher cholesterol levels are being increasingly associated with the development of cardiovascular diseases which has been identified as the leading cause of death around the world. The increasing prevalence of higher cholesterol levels, diabetes, and obesity are driving the adoption of white mulberry leaves extract in the production of nutraceuticals.

Growing health consciousness coupled with the burgeoning demand for naturally-sourced nutraceuticals is one of the vital factors expected to propel white mulberry leaves extract market. In addition, the high concentration of antioxidants in the white mulberry leaves extract and their high fiber content is also pushing its adoption in the production of supplements and nutraceuticals.

Burgeoning Investments in Mulberry Plantations to Uphold Market Growth 

Intensifying investments in mulberry plantations by entrepreneurs around the world is estimated to bolster production of white mulberry leaves extract. Components of mulberry trees are finding usage in an assortment of industries such as food, pharmaceuticals, sericulture, and cosmetics and personal care making the plantation a profitable investment for the entrepreneurs.

In addition, the bolstering agritourism industry is expected to contribute significantly to the white mulberry leaves extract market growth with administrative authorities increasingly adopting the practice as a mainstream form of revenue generation with the global populous showing accentuating inclination towards outdoor traveling. These factors coupled with the low cost of cultivation of the mulberry trees are expected to propel white mulberry leaves extract market proliferation.

Intensifying Research and Development towards Streamlining Extraction from Mulberry Leaves to Aid in Market Proliferation

With white mulberry leaves extract finding widespread adoption in an assortment of industries, farmers and entrepreneurs are investing heavily in the research and development of procedures for effective extraction of the concentrate found in the leaves.

For instance, a study conducted recently shed light on the impact of temperature, time, size, the cycle of extraction, and other related parameters on the properties of white mulberry leaves extract. The research provided integral information about the optimal extraction parameters required to be maintained to keep the therapeutic and antioxidant properties of white mulberry leaves extract.

White Mulberry Leaves Extract Market – Notable Highlights 

  • To capitalize on the burgeoning demand for white mulberry leaves extract-based nutraceuticals and supplements for blood glucose regulation, DSM decided to join hands with Phynova, a leading player in the white mulberry leaves extract market, for distribution of its blood sugar level regulating ingredient Reducose. Reducose is a water-based solution containing extracts obtained from the leaves of white mulberry.
  • The pervasive trend of using white mulberry leave extract in cosmetics was complemented by the launch of TEGO enlight by Evonik with white mulberry leaves extract being an integral constituent of the product composition. The company claims the skincare product can be used for skin brightening and treatment of age spots.

The report covers exhaustive analysis on 

  • White mulberry leaves extract market Segments
  • White mulberry leaves extract market Dynamics
  • White mulberry leaves extract market Size
  • White mulberry leaves extract market Supply and Demand
  • Current Trends/Issues/Challenges pertaining to White mulberry leaves extract market
  • Competition Landscape and Emerging Market Participants in White mulberry leaves extract market
  • Technology related to Production/Processing of White mulberry leaves extract market
  • Value Chain Analysis of the White mulberry leaves extract market

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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White Mulberry Leaves Extract Market Segmentation

Based on the end-use application, white mulberry leaves extract market can be segmented into:

  • Food
  • Cosmetics and personal Care
  • Nutraceuticals
  • Pharmaceuticals
  • Others

On the basis of use, the white mulberry leaves extract market can be segmented into:

  • Dietary fibers
  • Antioxidants
  • Organic compounds
  • Others

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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:

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