Soy-Based Chemicals Market | Development Trends, Competitive Analysis and Key Manufacturers Report by 2026

The chemicals derived from soy-oil have wide applications such as in production of biodiesel, bio-degradable plastics, soaps etc. These Soy-based chemicals find application across diverse industries including cosmetics, paper, food & beverages, plastic &polymer etc.

The extensive consumption of fossil fuels result in increasing carbon dioxide emissions. As a result of this, there is need to harness the potential of bio-based products. Therefore, the use of bio-based chemicals is expected to grow during the forecast period. The chemicals derived from soybean are a reliable alternative to traditional petroleum and crude derived chemicals and ensure sustainability and reduced carbon footprints.

Traditionally, soy chemicals have been used in a variety of applications across a diverse set of industries. The most common soybean derivatives are soy-milk and soy-oil. Soy-milk and soybeans are widely used in food industries owing to their high nutrient content. Soy-oil is used as a vegetable oil as well as to derive the chemicals such as polyols, isoflavones and waxes among the others.

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Global Soy-Based Chemicals Market: Drivers and Restraints

The increasing awareness as regards the benefits involved in use of bio-based products and environmental regulations are major factors that are expected to drive the growth of global Soy-Based Chemicals Market during the forecast period. The increasing demand for biodegradable plastics derived from soy-based chemical is slated to drive the growth of global Soy-Based Chemicals market during the forecast period.

Relatively better performance of soy-based chemicals over some of the traditional chemicals is expected to drive the growth of global market for soy-based chemicals over the forecast period. The increasing demand for soybean from traditional applications such as in food industry is expected to affect the supply of the same for production of chemicals, thus acting as an impediment to the growth of soy-based chemicals market during the forecast period

Global Soy-Based Chemicals Market: Regional Outlook

On the basis of region, the global Soy-Based Chemicals Market is segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, Asia-Pacific (excluding Japan) and Japan.

North America region has a strong presence in global Soy-Based Chemicals market followed by Asia Pacific and Latin America. Asia-Pacific region and Latin-America have long term growth potential and are expected to witness robust growth in their share in global Soy-Based Chemicals Market during the forecast period.

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Global Soy-Based Chemicals Market: Key players

The increasing demand for eco-friendly products is expected to drive investments in production of Soy-Based Chemicals across the globe. The key players operating in the global Soy-Based Chemicals market are as follows:

  • The Dow Chemical Company
  • Cara Plastics Inc.
  • Ag Environmental Products LLC
  • Archer Daniels Midland Co.
  • Cargill Inc.
  • Elevance Renewable Sciences Inc.
  • Renewable Lubricants Inc.
  • Soy Technologies LLC
  • BioBased Technologies LLC
  • Soyaworld Inc.
  • Vertec BioSolvents Inc.

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

Global Soy-Based Chemicals Market: Segmentation

The global Soy-Based Chemicals Market is segmented on the basis of End user industry, types and region.

On the basis of type, the global Soy-based chemicals market is segmented as below:

  • Soy-oil
  • Fatty acids
  • Polyols
  • Soy-waxes
  • Methyl-soyate
  • Isoflavones
  • Others

On the basis of End user industry, the global Soy-Based Chemicals Market is segmented as follows:

  • Paper
  • Cosmetics
  • Food & Beverages
  • Plastics & Polymer
  • Bio-diesel
  • Others

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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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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Electric Bike Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2027

FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027). Among the battery types, the lead-based battery segment in the electric bike market is expected to expand at a CAGR of more than 3% in terms of value over the forecast period. The global market for battery electric bike is estimated to represent a total increment opportunity of 6.1 Bn from 2017 to 2027. Asia Pacific excluding Japan (APEJ) is estimated to account for a value share of 81% in the global electric bike market by the end of 2017, and is also expected to dominate the market during the forecast period. In this report, FMI throws light on the drivers and restraints likely to impact the electric bike market during this period.

Adoption of Clean Technology Expected to Boost the Electric Bike Market

Government agencies are focusing on electro-mobility and reducing pollution, hence, zero emission vehicles are being increasingly promoted through attractive incentives and schemes. This has led to an enhanced focus on electric bikes and thus, a significant increase in the sales of electric bikes is expected over the forecast period. Apart from curbing air pollution, electric bikes also help reduce the level of noise pollution.

Growth in the transportation sector has severely depleted non-renewable petroleum reserves, and this has increased the prices of fuel. Fuel prices are expected to increase exponentially in the coming years as crude oil reserves will be reduced, which will pave the way for the growth of vehicles running on alternate sources of energy. Moreover, the prices and consumption of petroleum products as fuel in the automotive sector is growing day by day, and to reduce the global consumption of the same, manufacturers and governments are promoting the usage of electric bikes as they are far more fuel-efficient compared to conventional automobiles. These factors are estimated to enhance the electric bike market.

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Segmentation Analysis of the Electric Bike Market

The electric bike market is segmented on the basis of product type, battery type and technology.

  • Pedelecs is expected to be the most prominent segment in terms of volume and value over the forecast period. The pedelecs sub-segment of the electric bike market is estimated to grow at a CAGR of 3.2% in terms of value over the forecast period. Pedelecs are expected to represent a total incremental opportunity of US$ 3.9 Bn between 2017 and 2027 in the electric bike market. The electric scooter and motorcycle sub-segments are projected to grow at a relatively low CAGR as compared to pedelecs over the forecast period
  • The most prominent battery type in the electric bike market is estimated to be the lead-based battery. The lead based battery segment is estimated to grow at a steady CAGR over the forecast period in the electric bike market
  • The battery electric scooter segment is the most prominent technology segment in the electric bike market. It is estimated to account for more than 80% of the electric bike market throughout the forecast period.

Regional Market Projections of the Electric Bike Market

The electric bike market in APEJ is expected to represent a significantly high incremental opportunity between 2017 and 2027. The electric bike market in APEJ is expected to represent a total incremental opportunity of US$ 6.1 Bn between 2017 and 2027.

Electric Bike Market Participants

This report highlights some of the top companies operating in the electric bike market, which include ECCITY Motocycles, Hero Electric Vehicles Private Limited, Gogoro Inc., GOVECS GmbH, Vmoto Limited, Honda Motor Co. Ltd., Piaggio & C. SpA, Terra Motors Corp., Bayerische Motoren Werke AG, Jiangsu Xinri E-Vehicle Co. Ltd., Giant Manufacturing Co. Ltd., Emotion Bikes USA, Pedego Electric Bikes, Volt, Energica Motor Company S.p.A., Zero Motorcycles, Inc., Mahindra Genze, Derby Cycle and Accell Group.

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Key Segments Covered in the Electric Bike Market Report

On the basis of product type, the electric bike market can be segmented into:

  • Electric Scooter
  • Electric Motorcycles
  • Pedelec

On the basis of battery type, the electric bike market can be segmented into:

  • Li-Ion
  • NiMH
  • Lead-based

On the basis of technology, the electric bike market can be segmented into:

  • Plug-In
  • Battery

On the basis of region, the electric bike market can be segmented into:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

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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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Blood Collection Devices Market to Show CAGR of 6.3%

[250 Pages Report] The blood collection devices market is anticipated to grow at a CAGR of 6.3% and surpass US$ 11 billion by 2032, up from US$ 6 billion in 2021.

Blood Collection Devices Market Overview:

The rising number of accidents and trauma cases, the emergence of liquid biopsy tests, and the demand for blood donations and blood components are some pivotal factors driving the demand for blood collection devices and propelling the market.

A major factor shaping the demand for blood collection devices is the rising prevalence of infectious diseases such as hepatitis B (HBV), hepatitis C (HCV), human immunodeficiency virus (HIV), malaria, syphilis, and brucellosis.

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A greater emphasis and adherence to health checkups and awareness of disease conditions via blood collection/blood drawing device ensued from burden of various chronic diseases, prevalence of lifestyle diseases around the globe, especially in emerging countries.

As blood tests are the primary mode of diagnosing these diseases, this will flourish the blood collection devices market growth and act as a significant contributor to the adoption of blood collection devices. The global outbreak of COVID-19 is expected to have a positive impact on the blood collection devices adoption trends since blood testing involves the testing of various blood samples, which aids in the diagnosis of infectious diseases such as COVID-19.

Testing is still an important step in combating the COVID-19 pandemic. As the number of COVID-19 cases grows worldwide, governments around the world are looking into the possibility of allowing private laboratories to ramp up blood testing and in turn booming the market. Taking into account all the aforesaid factors, the blood collection devices market is forecasted to reach US$ 8 Bn by 2026.

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“Whole blood sample storage and shipping present significant challenges and costs as it must be used immediately after collection or stored & kept under strict temperature and environmental conditions for analysis or other applications. If blood samples are not refrigerated or frozen, their properties begin to change within hours of collection and this is a prime challenge that the blood collection devices market is confronted with.” points an FMI researcher.

Competitive Landscape:

A few of the major players are Smiths Medical (US), Dickinson and Company (US), Terumo BCT (US), Retractable Technologies (US), Fresenius Kabi AG (Germany), Becton, Grifols S.A.(Spain), Terumo BCT (US), Haematonics (US), Greiner Holding (Austria), Quest Diagnostics (US), Nipro Medical Corporation (Japan), SARSTEDT AG & Co. (Germany), Macopharma (France), and Cardinal Health (US).

To increase their share, major corporations are pursuing a variety of organic and inorganic strategies such as collaborations, new product development, acquisitions, and regional expansion.

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Key Segments Covered in the Report :

By Type:

  • Blood collection tubes
  • Needles & syringes
  • Blood bags
  • Blood collection systems or monitors
  • System type
  • Lancets
  • Others

By End User:

  • Hospitals, Ambulatory Surgical Centre & Nursing Homes
  • Blood Bank
  • Diagnostic & Pathology Laboratories
  • Others

By Method:

  • Manual Blood Collection
  • Automated Blood Collection

By Application:

  • Diagnostic
  • Therapeutic

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East & Africa

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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Polyamide-6 Market | Development Status, Competition Analysis, Type and Application by 2026

Polyamide-6 (PA6) is a semi-crystalline polyamide commonly known as Nylon-6. Polyamide-6 is generally produced by polymerization of caprolacta. The strength, durability and elasticity which it offers is widely appreciated in industries. Properties such as ability to withstand high pressure, temperature and various chemical makes it a highly valued material.

These physical and chemical properties makes Polyamide-6 suitable for various application sectors.  Of all the Polyamides types produced, Polyamide-6 accounts for approximately more than 60% of worldwide production in terms of volume. The global capacity of Polyamide-6 in 2013 is anticipated to be approximately 6.6 million metric tons.

Polyamide -6 Market: Drivers and Restraints

The major drivers for the global polyamide-6 market is its usage is its wide application sectors such as automotive, electronics & electrical, engineering plastics, packaging, wires & cables, textiles, and films & coating and others. Therefore, increasing demand for the above application sectors is expected to have a positive impact on the market in the coming years.

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The numerous niche applications for PA6 such as its usage in healthcare & music instruments is expected to positively affect the demand for polyamide 6 (PA6) in the coming years.

Though the polyamide-6 (PA6) is regarded as one of the ideal materials for its physical and chemical properties yet some properties such as high shrinkage in molded sections, reaction with strong acids and bases may hamper the selection of PA6.

Over specification, such as in automotive industry regarding the safety reasons may drift towards alternative products such as reinforced polypropylene, thereby restraining the growth of PA6.

The insufficient flame retardance and significant flammable dripping might affect the use of PA6.

Polyamide -6 Market: Region Wise Outlook

The consumption of Polyamide-6 is expected to grow at a significant CAGR of more than 5% during the forecast period, globally. Asia Pacific especially China, Japan, Taiwan and India are the major consumers of polyamide-6 since this region offers significant opportunities for Polyamide-6 in various application sectors such as transportation, electrical & electronics, textiles and others.

It is estimated that by the end of 2015, China and Taiwan would account for approximately half of the world’s polyamide-6 production in terms of volume.  Demand for polyamide-6 in regions such as North America and Latin America is forecasted to grow at a stagnant CAGR.

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Polyamide -6 Market: Segmentation

On the basis of type, the global polyamide-6 market is segmented into:

  • Polyamide-6 (PA6) Fiber
  • Polyamide-6 (PA6) Resin

On the basis of application, global Polyamide -6 Market is segmented into:

  • Transportation
  • Electrical and Electronics
  • Textile
  • Industrial Application
  • Others (includes music, healthcare, coating sector)

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Molded Wood Pallets Market Future Strategies and Growth Forecast till 2031

The molded wood pallets market is expected to witness a soaring growth in 2021 with worldwide revenues up 3.4% year over year. A new forecast by FMI estimates that molded wood pallets revenues will nearly double between 2021 and 2031, reaching nearly US$ 4.5 billion in 2031 at a ten-year compound annual growth rate (CAGR) of 5.8%

The demand for molded wood pallets in Canada is estimated to increase by nearly 5.1% year on year in 2021, while total sales will reach a valuation of US$ 183.2 million.

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Molded wood pallets are sanitized during the molding process and meet the most stringent phytosanitary regulations such as ISPM-15 for export. As food and pharmaceutical companies are diligent about using pallets free of contaminants, the study finds that capitalizing on these companies will work to the advantage of molded wood pallets manufacturers.

One of the key growth drivers is manufacturers’ efforts to use significant amount of wood waste as raw materials that would otherwise end up in landfills. Further, adoption of environmentally responsible manufacturing process that consumes less energy, helps take a step closer towards sustainability goals for many industries. However, molded wood pallets are designed for limited reuse and are not reparable. Manufacturers are thus paying attention on potential methods to assist in avoiding landfills when the products have exceeded their useful life.

Although full-sized molded wood pallets continue to witness robust sales with approximately 60% revenue share in the market, manufacturers are working on increasing the production of half-sized pallets that enhance efficiency and reduce costs for shippers of smaller loads. The study opines that small-scale companies will benefit from half-sized pallets, as the use of recycled full-sized pallets burdens them with more pallet space and weight than necessary. Moreover, half-sized, nestable molded wood pallets are likely to account for relatively large share of the market players’ bottom lines in the future.

According to the study, opportunities abound for market stakeholders in logistic & transportation sector, on account of increasing industrial activities along with rapid proliferation of trade agreements among various countries. Recognizing the recent developments in manufacturing and construction industries, manufacturers are likely to explore newer opportunities, with ‘sustainability’ at the forefront of attracting attention. Aligning with evolving end users’ trends and upgrades in regulatory norms also remains an important focus area of the manufacturers.

Growth prospects of the molded wood pallets market, as identified by the study, are high in EU5. Higher concentration of players in the region and their efforts to push sales and distribution through online channels are emerging as a strategic move. Further, Asia Pacific, particularly eastern region, is expected to represent higher incremental opportunities, backed by hefty investments in industrial sectors in recent years, which has primarily influenced the adoption of pallets.

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Top Key Players Covered-

Litco International Inc,, Millwood, Inc,, Snyder Industries, Inc,, Custom Equipment Company Inc,, The Nelson Company,, Beacon Industries Ltd,, NKA Paletten GmbH,, Brambles Ltd,, Engelvin Bois Moule S.A,, Nefab Group,, Presswood International BV,, ENNO Marketing Pvt Ltd,, CABKA Group GmbH,, Schoeller allibert services b.v,, Loscam Australia pty ltd,, Craemer GmbH,, Kronus Group,, Linyi Kunpeng Wood Co., Ltd,, JP Pallets,, Taik Sin Timber Industry Sdn Bhd

Key Points Covered in Molded Wood Pallets Market

  1. Market estimates and forecast 2014-2031
  2. Key drivers and restraints impacting market growth
  3. Segment-wise, Country-wise, and Region-wise Analysis
  4. Competition Mapping and Benchmarking
  5. Market Share Analysis
  6. Key Product Innovations and Regulatory Climate
  7. COVID-19 Impact on Molded Wood Pallets and How to Navigate
  8. Recommendation on Key Winning Strategies

Molded Wood Pallets Market by Category

By Product Type:

  • Nestable/Stackable
  • Rackable Pallets

By Size:

  • Quarter Size Pallet
  • Half-size Pallet
  • Full-size Pallet

By End Use:

  • Manufacturing
  • Food & Beverages
  • Chemicals
  • Automotive
  • Pharmaceuticals
  • Others
  • Logistics & Transportation
  • Building & Construction

By Region:

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

About Us

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

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BOPET Packaging Films Market to Exceed Valuation of Thousand by 2029

The global BOPET packaging films market is projected to increase from a valuation of US$ 6.8 Bn in 2022 to US$ 9.9 Bn by 2029.

Future Market Insights delivers vital insights on the BOPET packaging films market, in its published report titled, ‘BOPET Packaging Films Market: Global Industry Analysis 2014-2021 and Opportunity Assessment 2022-2029’. In terms of revenue, the global BOPET packaging films market is projected to expand at a CAGR over 5.5% during the forecast period, owing to numerous factors, regarding which, FMI offers thorough insights and forecasts in this report.

The global BOPET packaging films market has been segmented on the basis of thickness, applications, and end-use industries. The global BOPET packaging films market is expected to expand 1.8x in terms of market volume by the end of 2029.

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BOPET Films Gaining Ground in High-quality Graphic Packaging Applications

BOPET packaging films are oriented films, predominantly used in the packaging of products in various end-use industries such as food & beverages, electrical & electronics, pharmaceuticals, and cosmetic & personal care products, among others. BOPET packaging films cater to a wide range of applications. These films can be used for manufacturing bags & pouches, wraps, laminates, labels & tapes.

Food remains the most prominent end-use industry for BOPET packaging films. Packaging of fresh produce, meat, confectionery, and dairy products all use BOPET packaging films. BOPET packaging films remain stable through printing and laminating processes. This makes them desirable for high-quality graphic packaging applications.

Competition in Asia’s BOPET Films Market Pacing

Geographically, East Asia holds more than one-fourth of the global BOPET packaging films market and is expected to maintain its prominence in the global market. China is one of the leading producers & consumers of BOPET packaging films and accounts for more than one fifth of the global market. Among the South Asian countries, India has emerged as one of the key markets for BOPET packaging films.

Key players in the Asian market such as Jindal Poly Films, Uflex Ltd., Polyplex Corporation Ltd., and others are expanding their production capacities to keep pace with the global demand. Owing to the presence of several organized & unorganized players, the Asian BOPET packaging films market has emerged as a highly competitive market and is expected to expand at a substantial rate during the forecast period.

Which Region Holds High Revenue-Generating Opportunities for BOPET Packaging Film Suppliers?

“Rise in Demand for Flexible Food Packaging Films Driving Market Expansion in Europe”

Europe represents a significant incremental opportunity for BOPET packaging film suppliers. This can be attributed to growing demand for packaged & processed food in the region. Excellent sealing properties and heat resistance make flexible food packaging films a preferred choice for manufacturing labels & tapes.

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Competitive Landscape

The global BOPET packaging films market is considered a fragmented space due to the presence of several regional players. Leading manufacturers of BOPET packaging films are enhancing their production capacities and investing in their existing production facilities to strengthen their foothold in the global market.For instance, 

  • In February 2020, Jindal Poly Films sanctioned US$ 99.4 Mn investment for the development of its company’s activities in India, including the addition of a BOPET film line and BOPP film line.

Key Segments of BOPET Packaging Films Industry Survey

BOPET Packaging Films Market by Thickness:

  • Below 15 Micron BOPET Packaging Films
  • 15-30 Micron BOPET Packaging Films
  • 30-50 Micron BOPET Packaging Films
  • Above 50 Micron BOPET Packaging Films

BOPET Packaging Films Market by Application:

  • Labels
  • Tapes
  • Wraps
  • Bags & Pouches
  • Laminates

BOPET Packaging Films Market by End-use Industry:

  • Food
    • Meat
    • Fresh Produce
    • Confectionery
    • Dairy
    • Others
  • Beverages
  • Cosmetics & Personal Care
  • Electrical & Electronics
  • Pharmaceuticals
  • Other Industrial

BOPET Packaging Films Market by Region:

  • North America BOPET Packaging Films Market
  • Latin America BOPET Packaging Films Market
  • Europe BOPET Packaging Films Market
  • East Asia BOPET Packaging Films Market
  • South Asia & Pacific BOPET Packaging Films Market
  • Middle East & Africa (MEA) BOPET Packaging Films Market

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About Us

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

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

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Two Wheeler Accessories Aftermarket Current and Future Demand, Analysis, Growth and Forecast By 2031

As per Future Market Insights analysis, the two wheeler accessories aftermarket is projected to be valued at US$ 17.1 Bn in 2021, expanding at a CAGR of 8.6% over the forecast period of 2021-2031.

Rising traffic issues on roads due to congestion caused by four-wheelers or heavy vehicles is expected to remain a key factor driving the growth of the two wheeler accessories aftermarket throughout the forecast period.

The ongoing crisis caused by COVID-19 pandemic has caused severe impact on the global economy. It has resulted in complete shutdown of the supply chain networks and manufacturing activities. This has subsequently affected the two wheeler accessories aftermarket causing a significant fall in the market growth.

However, two wheeler accessories aftermarket is expected to recover sharply as the economic activity resumes post the containment of pandemic.

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Two wheeler accessories are increasingly adopted across the world. Demand is expected to remain high especially in North American and European countries. It has been observed that there is Increase in motorcycle touring since past few years, which has boosted the use of motorcycles for recreational and leisure purposes. This in turn, will lead to high demand for two wheeler accessories.

Key Takeaways of Two Wheeler Accessories Aftermarket Study

  1. On the basis of sales channel, independent outlets segment is estimated to account for a significant share in the global two wheeler accessories aftermarket as the number of independent repair shops are increasing globally.
  2. Based on two wheeler type, standard motorcycle segment is expected to maintain its dominance over the forecast period.
  3. According to the analysis, China will continue registering high growth at 9.6% CAGR, accounting for maximum sales in East Asia two wheeler aftermarket.
  4. South Asia & Pacific is anticipated to ride on high demand in India, which will account for nearly half of sales in two wheeler accessories aftermarket through 2031.
  5. Sales in Japan two wheeler accessories aftermarket will total US$ 1.3 Bn by 2031.

 “Two wheeler accessories play a crucial role in improving the overall ride experience along with providing high safety quotient to the rider. Geographical expansion and product launches are some of the primary strategies adopted by prominent players to sustain in the global two wheeler accessories aftermarket,” says a Future Market Insights analyst.

Two wheeler accessories aftermarket is expected to be an opportunistic market in the forecast period owing to increase in sales of accessories through online platforms and convenience offered by online distribution channels. Manufacturers are focusing on research & development for advanced products with higher durability and improved life cycle to gain competitive edge. These factors are expected to positively influence demand for two wheeler accessories during the forecast period, subsequently pushing sales in two wheeler accessories aftermarket.

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Key Market Segments Covered

By Product Type:

  • Handle Accessories
    • Handlebars
    • Grips
  • Electrical & Electronics
    • Lightings
    • Horns
  • Frames & Fittings
    • Crash Protection
    • Windshield
    • Foot Pegs
  • Protective Gear
    • Helmets
    • Professional Body Wear
  • Bags & Carriage Frames
  • Exhaust Accessories
  • Seat Covers
  • Security Systems

By Two Wheeler Type:

  • Standard Motorcycle
  • Cruiser Motorcycle
  • Sports Motorcycle
  • Standard Scooter
  • Maxi Scooter
  • Mopeds

By Sales Channel:

  • Online
  • Authorized Outlets
  • Independent Outlets

By Region:

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

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Competitive Landscape

The two wheeler accessories aftermarket is moderately fragmented, in which the leading players account for nearly half of the market share. The penetration of small regional players makes this market more competitive.

Some of the key players in the market are TVS Motor Company , Yamaha Motor Company Ltd, Hero Motocorp Ltd, Harley- Davidson Inc, Vega Auto Accessories Pvt. Ltd, Studds Accessories Ltd, Om Steel Industries, Osram Licht AG, AGV Sports Group, GIVI Srl, Steelbird Hi- Tech India Pvt. Ltd, YF Protector Co. Ltd, Foshan Xinmatuo Motorcycle Parts Industrial Company, Akrapovic d.d, Aplinestars USA Inc, AltRider LLC, Barracudamoto S.r.l, Cobra USA Inc., EMGO International Ltd.,  Jiangmen Pengchang Helmets Ltd.,  Motorsport Aftermarket Group, RIVCO Products Inc., Rizoma S.r.l, Scorpion Sports Inc. among others. These players have higher shares in the global market, and have longstanding relationships with a number of distributors, giving them an upper hand among their peers.

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Straw Market Perceive Robust Expansion by 2022-2029

The global Straw Market stands at a net worth of US$ 18.1 Bn in 2022, and is predicted to rise at a CAGR of 5.9% over the forecast period to attain a valuation of US$ 26.5 Bn by 2029.

The recent past has observed significant increase in the number of foodservice restaurants. This would remain among the leading factors driving consumption of straws at a global level. The mass shift in preference from plastics to recyclable and biodegradable material alternatives has been the key trend shaping straw sales. On the back of these factors, the Straw Market is projected to expand at a strong CAGR of nearly 5.9% during the forecast period (2022 – 2029).

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Paper has been witnessing solid rise in demand as an eco-friendly, sustainable alternative to single use plastic, which indicates a massive opportunity for paper straws in the near future. Currently, plastic straws and paper straws collectively account for the most of global market revenues.

Key Takeaways – Straw Market Study

  • Plastic straws are the most common trash item found in ocean. To overcome this and decrease the consumption of plastic straws, various manufacturers are offering recyclable, reusable, and compostable straws
  • Increasing number of bars and lounges, restaurants, and quick service restaurants is intensifying consumption of straws
  • Brand owners are investing in marketing and branding of products, which are expected to gain consumers’ attention
  • Straw manufacturers are collaborating to produce custom-made straws with logos and taglines for marketing as well as branding
  • To eliminate the usage of single-use plastic straws, foodservice companies and brand owners such as McDonald’s and Starbucks are using paper and bio-based straws

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E-catering and Online Foodservice Platforms to Propel Straw Market Growth

Online foodservice platforms are providing convenient delivery at low costs, along with efficient packaging solutions, which is fueling worldwide sales of straws. Changing consumption pattern from offline to online sales channel in the F&B industry is anticipated to drive the straw market growth. Increasing number of fast food outlets and restaurants are also anticipated to create huge demand for straws in coming years.

Straw Market – Key Trends Shaping Competition

Manufacturers in the straw market are adopting collaboration strategy to expand their global reach. Leading players are offering wide range of options for straw consumers, such as collapsible straws, biodegradable straws, recyclable straws, reusable straws, and straw (Hay) straws.

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Poultry Diagnostics Market to Show Stunning CAGR of 10.5%

The poultry diagnostics market is anticipated to grow from a valuation of US$ 495.2 Million in 2022 to US$ 1.1 Billion by the end of 2028, at an amazing 10.5% CAGR.

Poultry Diagnostics Market Overview:

Widespread outbreaks of infectious diseases such as avian influenza is a key factor driving the demand for diagnostic infrastructure in the poultry industry. Also, awareness campaigns by public and private bodies about avian diseases among poultry farmers is positively influencing the industry.

Furthermore, concerns over food security and investments by governments and international bodies towards the intensive farming sector will drive cultivation of poultry. This will also support the demand for poultry diagnostics in the long-term.

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Key Takeaways

  • ELISA tests are expected to continue holding major market share through 2030, owing to superior accuracy and cost efficiency.
  • Diagnostics for avian influenza has been estimated to reflect higher market share on the back of widespread incidences in developing countries.
  • Newer ailments such as mortality syndrome are expected to generate lucrative opportunities in terms of product development and interest from the veterinary sector.
  • Virology services are expected to be a major contributor to the market owing to higher risk from viral infections for human consumers.
  • South Asia & Pacific, will reflect fast growth, with poor hygiene standards in developing nations. North America will continue to hold larger market share, owing to superior infrastructure.

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Insights on the Coronavirus Impact:

As the covid-19 outbreak continues to wreak havoc on the global economy, the poultry diagnostics market is expected to also be adversely impacted during the crisis period. While chickens and other poultry birds are not at risk to the virus, the pandemic is likely to hurt consumption, logistics, and sales of birds. This can be largely attributed to strict regulations on the food service businesses.

These factors are expected to reduce chicken stocks in the poultry industry for the short term, which in turn will reduce the demand for diagnostic tools and infrastructure in the industry. The market is likely to recover strongly towards 2021, as demand for poultry products picks up. Strict food safety laws and concerns over other strains of coronavirus will aid market developments.

Key Market Players:

Market leaders in the poultry diagnostic industry include but are not limited to Agrobiotek Internacional, Bioneer Corporation, Affinitech Ltd., Zoetis Inc., Biochek, Thermo Fisher Scientific, Bioingentech Biotechnologies Inc., Qiagen N.V., Bionote Inc., Megacor Diagnostik GmbH, and Idexx Laboratories Inc.

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Market participants are increasingly focused on the product research with the aim of developing and launching improved testing tools for faster and accurate results. In addition, strategic industry collaborations and acquisitions are being used to build a foundation in a moderately competitive landscape.

Key Segments of Poultry Diagnostics Industry Report:

By Test:

  • ELISA Test
  • PCR Test

By Disease:

  • Avian Salmonellosis
  • Avian Influenza
  • Newcastle Disease
  • Avian Mycoplasmosis
  • Avian Pasteurellosis
  • Infectious Bronchitis
  • Infectious Bursal Disease
  • Avian Encephalomyelitis
  • Avian Reovirus
  • Chicken Anemia

By Service:

  • Bacteriology
  • Virology
  • Parasitology

By Region:

  • North America
  • Europe
  • APAC
  • ROW

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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 6-years.

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Octreotide Market | Industry Research, Segmentation, Key Players Analysis and Forecast to 2026

Octreotide are amino acid monomer which is attached to amide group. The octreotide acts similar to the hormone somatostatin. Octreotide basically lowers the variety of hormone such as insulin, glucagon, growth hormone and others, Octreotide reduces chemical messengers such as   gastrin, vasoactive intestinal peptide that cause disease symptoms.

Octreotide depending upon the severity generally severe diarrhea, acromegaly as well as for treating flushing in patients with tumors. Octreotride is also used to reduction of the side effects from cancer chemotherapy.

The global Octreotide market was estimated to be around U.S $ 1.6 Bn. in 2013 .The estimated CAGR for Octreotide market from 2012 to 2013 was approximately 5%. The use of octreotide is expected to grow because of increase in number of people diagnosed with cancer, diarrhea and tumors.

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Octreotide Market: Drivers and Restraints

The global demand for octreotide is driven by growing number of people under the diagnosis of cancer. In 2012, there were estimated 14.1 million cases of cancer .It is estimated that by 2035, the number of people suffering from cancer will be around 24 million. These estimate shows that the demand for treatment drugs such as octreotide will grow.

It is forecasted that around 2200 children die every day due to severe diarrhea, more than Aids, malaria and measles combined. Henceforth it is important to tackle these world challenges by supplying adequate octreotide drugs for the diseased. The use of octreotide in radiolabelling will substantially increase the demand for Octreotide.

The increasing popularity of generic drugs might affect the consumption of branded drugs. The availability of generic drugs is expected to grow because of cost factor and hence will affect the overall Pharmaceutical industry if not restructured according to the market and consumer needs.

The important restraining factor for Octreotide Market is the lack research of Octreotide for the treatment of children, pregnant and lactating women. The use of Octreotide is based on risk factor analysis hence might affect the consumption of Octreotide.

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Octreotide Market: Segmentation

On the basis of Type, global Octreotide Market is segmented into:

  • octreotide acetate
  • octreotide
  • octreotide chloride
  • octreotide hydrochloride
  • indium In-111; octreotide

On the basis of End use, global Octreotide Market is segmented into:

  • Pharmaceutical
  • Clinical Research

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, types and applications.

Octreotide Market: Key market Players

Some of the Octreotide producers are Novartis pharmaceuticals corp., App pharmaceuticals llc, Bedford laboratories div ben venue laboratories Inc., Sun pharmaceutical industries ltd., Sinopharm A-THINK Pharmaceutical Co., Ltd., Teva parenteral medicines Inc., Neiss Labs Pvt. Ltd., Samarth Pharma Pvt. Ltd. J.B. Chemicals and Pharmaceuticals Ltd and others

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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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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