Market Research Blog – Page 11680 – New Product Development

Supply Chain Management Market Comprehensive Shares, Historical Trends And Forecast By 2031

According to newly released data by Future Market Insights (FMI), the supply chain management market will grow at a CAGR of 11.4% from 2021-2031, with revenue totalling ~US$ 21.2 Bn by the end of 2021. Owing to rapid technological advancements in the transportation and logistics sector, there is an increase in demand for supply chain management solutions. Also, advanced technologies have become essential in improving economic competitiveness, thereby propelling market growth.

Chief factors fueling the demand for supply chain management solutions include high growth in eCommerce, need for greater transparency and visibility in supply chain processes and data, enhancing business continuity by minimizing potential failures, and rising adoption of cloud supply chain management among SMEs.

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Key Takeaways: Supply Chain Management Market

By software solution segment, the integrated SCM platform/suite is anticipated to account for the leading market share. The segment is estimated to grow at a robust CAGR of 13.5% through 2031.
Based on deployment, the on-premises segment is estimated to account for more than half of the software solution segment in 2021.
The demand for supply chain management in large enterprises is expected to grow at the highest rate.
Demand for supply chain management in transportation & logistics and manufacturing sector is estimated to grow at an impressive CAGRs. However, retail & consumer goods segment is estimated to continue to hold dominant market share in the global supply chain management market during the forecast period.
Among the regions, North America is estimated to hold highest market share followed by Europe in 2021. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2021 & 2031.
The market in Japan is expected to progress at a noteworthy CAGR of more than 14% through 2031.
In the U.K., sales are expected to increase tremendously at a CAGR of 11.4% over the next ten years.

COVID-19 Impact Analysis on Supply Chain Management Market

The COVID–19 pandemic has compelled several industries and organizations to revamp their global supply chain model. The lockdown implemented to contain the spread of the virus across various countries has shut down economies and is impacting every aspect of the supply chain around the world.

This also has caused various industries to move their normal manufacturing processes to manufacture PPE kits and other essential medical supplies. Technologies such as Machine Learning (ML) and AI are beginning to drive innovation strategies of the businesses, in order to successfully operate during this period, which is further estimated to increase the adoption of cloud-based SCM solutions across various sectors.

The global pandemic affected almost all aspects of the global economy over the past few months. One industry that has seen remarkable changes is e-commerce. There is a huge pressure on the supply chain logistics industry to keep up with the ever-rising demand, as self-isolated consumers are shifting towards online shopping platforms. Accordingly, logistics companies are stepping up with innovative strategies to respond to these rapidly shifting logistics trends in 2021.

Thus, the supply chain management market is estimated to showcase a slight decline, temporarily, from around 9.1% to 8.7% Y-o-Y from 2019 to 2021.

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Integration of Blockchain Technology to Propel the Sales

The demand for blockchain technology is increasing for supply chain management solutions as it increases the efficiency and transparency of the supply chain and positively affect the logistics processes, from delivery to storage and payment. Due to transparency and security achieved by blockchain, the speed of physical flow of goods is increased.

Blockchain records every single asset from product to containers as it flows through the supply chain nodes. It also helps to track information regarding orders, receipt, invoice, payments and digital assets like copyrights, certifications, barcodes and other things.

Blockchain integration with supply chain management systems results in increased sustainability, reduced errors and delays, minimized transportation cost, faster identification of errors, and improved product transport and inventory management.

Supply Chain Management Outlook by CategoryBy Solution:

Software
Services

By Deployment:

Cloud-Based
On-Premises

By Enterprise Size:

Small and Medium Enterprises (SMEs)
Large Enterprises

By Industrys:

Retail & Consumer Goods
Manufacturing
Automotive
Healthcare & Pharma
Food & Beverages
Transportation & Logistics
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and 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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Thermoformed Containers Market to Record a CAGR of 4.7% during the forecast period of 2022-2027

Thermoformed containers are products made using a thermoforming process where the closed-cell foams or rigid plastics are heated to a pliable temperature and molded using pressure and vacuum forming techniques for the desired shape. The prime objective of this report is to offer insights and key market trends of the global thermoformed containers market that are gradually helping transform global businesses.

Thermoformed Containers Market is expected to surpass US$ 23.9 Bn by 2027, likely to Grow Moderately at 4.7% CAGR during the assessment period.

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The market numbers have been assessed on the basis of consumption and weighted average pricing of thermoformed containers on the basis of product type. The global thermoformed containers market report begins with the executive summary for various categories and their share in the thermoformed containers market. It is followed by the dynamics of the thermoformed containers market and an overview of the global thermoformed containers market, which includes FMI analysis of market drivers, restraints, and trends that are affecting the growth of the thermoformed containers market.

The global thermoformed containers market is segmented as per material type, product type, and end use. On the basis of material type, thermoformed containers are segmented as polyethylene, polypropylene, polyvinyl chloride, polystyrene, and other materials. On the basis of product type, the global thermoformed containers market is categorized as blisters, clamshells, cups & bowls, and trays & lids. By end use, the global thermoformed containers are categorized into food & beverages, pharmaceuticals, personal care & cosmetics, home care products, and electronics & electrical and others.

Competitive Landscape

Leading players in the global thermoformed containers are adopting strategies such as new product launch, capacity expansions, collaborations, mergers, and acquisitions with other companies to expand their production capacity and product portfolio. For instance:

In September 2021, Pactiv Evergreen Inc., a leading food and beverage packaging manufacturer, announced acquiring a provider of plastic foodservice and custom thermoformed packaging, Fabri-Kal Corp. for US$380 Mn to expand its production capacity and increase customer base across the food and beverage sector.

Key Companies Profiled

Sonoco Products Company
DS Smith plc
Bemis Company Inc.
Berry Global Group
Anchor Packaging Inc.
Coveris Holdings S.A.
Borealis AG
Huhtamaki Oyj.
Silgan Holdings Inc.

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Country-wise Analysis

Why is the U.S. Thermoformed Containers Market Witnessing High Demand?

“Rising Emphasis on Launching Consumer-convenient Solutions to Elevate Thermoformed Plastic Trays Sales”

As per Future Market Insights, the U.S. is projected to dominate the market in North America thermoformed containers market, which is expected to account for nearly 21.2% of the total market share in 2022.

Surging demand for durable packaging solutions and growing trend of pursuing artistic activities such as painting are compelling manufacturers to launch trendy and consumer-convenient solutions such as paint trays and others.

For instance, in 2020, LINDAR Corp., a leading plastic thermoforming manufacturer, launched a new range of thermoformed PAINTWELL products including paint trays, heavy gauge plastic parts, and paint trays liners. A slew of such product launches is estimated to bolster the sales of thermoformed plastic trays in the U.S. market.

Which is the Leading End use Segment in the Thermoformed Containers Market?

“Introduction of Food & Beverage Application-specific Packaging to Shoot-up the Thermoformed Food Containers Sales”

In terms of end use, the food & beverage segment is forecast to account for 42.4% of the total thermoformed containers demand by the end of 2022.

The introduction of easily recyclable, printable, and food & beverage application-specific containers is fueling sales of thermoformed food containers in the segment. Also, growing demand for packaged and on-the-go food products due to fast-paced lifestyle of consumers is driving the growth across the segment.

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Thermoformed Containers Market by Category

Material Type :

Polypropylene
Polyethylene
Polyvinyl Chloride
Polystyrene
Others

Product Type :

Blisters
Clamshells
Cups & Bowls
Trays & Lids

End Use :

Food & Beverages
Pharmaceuticals
Cosmetics & Personal Care
Home Care Products
Electronics & Electrical
Others

Regions :

North America
Latin America
Europe
Asia Pacific Excluding Japan
Japan
Middle East & Africa

About Future Market Insights (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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Cloud Services Market Key Players, End User, Demand and Consumption by 2030

The Cloud Services Market is expected to reach a valuation of 2.5 Bn by 2030. The market is set to further aggrandize at a CAGR of nearly 17.5% through 2030

Besides BFSI, government, healthcare, and other industries, education institutions are rapidly adopting cloud-based email services such as email-as-a-service on large scale. These institutions provide email solutions to their staffs in order to do their daily operational tasks. These email solutions are implemented, maintained, and managed by cloud service providers. Educational institutions that are implementing cloud-based email, benefits from several enhanced services such as a user gets 10 GB of mail inbox storage that can be accessed from any place. Moreover, it offers instant messaging capabilities and 25GB of free online storage.

Among services models available, the demand for software as a service (SaaS) is considerably high. FMI has projected it exhibit 21.6% Y-o-Y growth in 2021. Future Market Insights also states that the global cloud services market is expected to rise steadily at a CAGR of 20.4% during the forecast period of 2020 to 2030.

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Key Takeaways of Cloud Services Market Study

Cloud services market will exhibit impressive Y-o-Y growth at 19.9% CAGR in 2021. FMI projects growth trends to remain positive through the forecast period
Both U.S. and Canada will exhibit remarkable growth as markets for cloud services. Of these, the U.S. will register 64.9% of North America market in 2021
Exhibiting 20.7% Y-o-Y growth in 2021, the U.K. will emerge as a key market in Europe
Germany and France will remain attractive spots for cloud services market
Japan and South Korea will exhibit demand for cloud services at an accelerated pace through the forecast period

Demand for Cloud Services Increased Under Pandemic Crisis

Under the pandemic crisis of COVID-19, the demand for cloud solutions and services has increased significantly, as most of the workforce started working from home/remote places. There is an influx in demand of cloud solution and services as organisations are adopting to remote work, entertainment, gaming, education and virtually everything else.

Many organisations have changed their priorities and by utilizing cloud automation, businesses are increasing their online presence by developing commerce websites on cloud platforms to decrease the impact of COVID-19 on operational efficiency and productivity. Owing to such factors pubic cloud services market revenue is estimated to increase by 1.6X during 2019-2021.

Shift of Enterprises towards Cloud Based Services

Increasing usage of cloud-based services for multiple workloads such as email services, data backups, CRM, ERP and collaboration services is expected to drive growth of the cloud platforms, over the forecast period. Cost of cloud-based services is comparatively cheaper as these do not require setting up of IT infrastructure. Therefore, many companies are shifting towards adoption of security solutions in order to secure their workloads on the cloud without risks of cyber threat.

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Who is Winning?

Some of the leading companies operating in the cloud services market are Microsoft Corporation, IBM Corporation, Cisco System, Inc., AWS, Oracle Corporation, Dell Technologies, SAP, Google, Fujitsu Global, Rackspace Technology, Inc. and others. These companies are expected to focus on various expansion strategies to gain competitive advantage.

For instance, Google LLP acquired Cornerstone Technology, which is based in Netherlands and specializes in mitigating enterprise workloads, in February 2020. This acquisition helped Google LLP to expand its customer base across Europe.

More Valuable Insights on Cloud Services Market

In its latest report, Future Market Insights offers an unbiased analysis of the global cloud services market, providing historical data for period of 2015-2019 and forecast statistics for the period of 2020-2030. To understand opportunities in the cloud services market, the market is segmented on the basis of service model (Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS)), deployment (public cloud, private cloud, hybrid cloud), enterprise size (large enterprises, small and medium enterprises), industry (BFSI, IT & Telecom, Healthcare, Manufacturing, Government, Others) across six major regions.

Key Segments Covered of the Cloud Services Market

Service Model

Software as a Service (SaaS)
Platform as a Service (PaaS)
Infrastructure as a Service (IaaS)

Deployment

Public Cloud
Private Cloud
Hybrid Cloud

Enterprise Size

SMEs
Large Enterprise

Industry

BFSI
IT & Telecom
Healthcare
Manufacturing
Government
Others

Region

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

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Acerola Extract Market 2022 | Present Scenario and Growth Prospects 2026

Future Market Insights delivers key insights on the global acerola extract market in a new publication titled “Acerola Extract Market: Global Industry Analysis and Opportunity Assessment, 2016-2026.” The global acerola extract market is projected to witness a robust 8.5% CAGR in terms of value during the forecasted period (2016-2026). The growth of the global acerola extract market is influenced by several drivers and trends, of which Future Market Insights provides useful insights in this report.

Globally rising levels of diabetes, obesity, and cardiac issues have shifted consumer focus towards natural, fruit-based, and healthy products. This is well reflected in the recent emergence of ‘superfruits’, a term that refers to highly nutritious fruits. Acerola and its derivatives fit well into this context, given the fruits’ impressive nutrient profile. Apart from Vitamin C, acerola is rich in pectin, pectolytic enzymes, carotenoids, fibre, Vitamin B, proteins, and other salts. Additionally, acerola extract contains relatively low calories and exhibits a fat-free nature, which further enhances its nutritional profile. Acerola extract has found wide opportunities in the cosmetics industry due to its ability to provide several skin related benefits, much of which is centred on its high Vitamin C concentration. It acts as an antioxidant and prevents free radicals that can cause skin aging; brightens the skin tone; and increases the skin’s ability to retain moisture. These factors are expected to boost acerola extract demand and subsequently boost the global acerola extract market growth in terms of revenue over the forecast period.

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Segmentation highlights

The global acerola extract market is segmented on the basis of Product Form (Powder, Liquid) and Application (Beverages, Food Supplements, Meat Preservation, Snacks, Bakery Preservation, Confectionery Products, Others).

The Powder segment is anticipated to be valued at US$ 5,057.5 Mn by 2016 end and is projected to expand at a CAGR of 8.6% during 2016 – 2026
The Food Supplements application segment is anticipated to be valued at US$ 2,102.1 Mn by 2016 end. The Food Supplements application segment is anticipated to witness a CAGR of 8.7% between 2016 and 2026. The Beverages application segment is projected to create absolute $ opportunity of US$ 126.2 Mn in 2016 over 2015

Preview Analysis on Global Acerola Extract Market Segmentation By Product Form – Powder and Liquid, By Application – Food Supplements, Beverages, Confectionery Products, Snacks, Meat Preservation, Bakery Preservation and Others @
http://www.futuremarketinsights.com/reports/acerola-extract-market

Regional market projections

The global acerola extract market is segmented into the seven key regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. The North America acerola extract market was valued at US$ 1,728 Mn in 2015, which is likely to increase at a CAGR of 8.1% during the assessed period to reach US$ 2,715.6 Mn by the end of 2021. Increasing use in pharmaceutical applications is driving the North America acerola extract market. The APEJ acerola extract market is expected to be valued at US$ 2,835.6 Mn by the end of 2026. Increasing supply chain and production facilities in APEJ are anticipated to drive revenue growth of the market.

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Vendor insights

The global acerola extract market report features some of the leading companies operational in the worldwide market. Companies profiled in the report include Nature’s Power Nutraceuticals Corp., Niagro, Naturex, Nutrilite (Amway), Duas Rodas Industrial, Diana Naturals, Nichirei Corporation, iTi Tropicals, NutriBotanica, Vita Forte Inc., Florida Food, Inc., Optimally Organic, The Green Labs LLC, Blue Macaw Flora, and Amazonia Exportacao E Representacao. Top market companies are focussing on expanding their supply chain network globally and are producing and supplying products in partnership with local players to enhance their sales and distribution network.

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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Pulp Moulding Machines Market Share, Size, Global Industry Analysis, Key Growth Drivers Trends, Segments, Opportunity and Forecast 2031

“Global market valuation of pulp moulding machines is expected to surpass US$ 692 Mn by 2021,” reveals the recent research study by Future Market Insight (FMI). According to the report, the pulp moulding machines market is projected to expand at a CAGR of ~ 3.6% during the forecast period of 2021-2031.

According to FMI’s report, increased adoption of sustainable materials in food & consumer goods packaging is expected to gain momentum for moulded pulp containers and allied products.

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Sales of advanced pulp moulding machines are projected to increase with rising demand for single-use sustainable packaging products. The need for automation, improved efficiency, and lower energy consumption in manufacturing of packaging products is leading end users to adopt more advanced pulp molding machines.

In order to satisfy the evolving customer demand for better performing machinery at reasonable prices, manufacturers are adopting the strategy of up-gradation and optimization. Pulp moulding machine manufacturers are actively focusing on quality improvement of their products and energy optimization in production. The European pulp moulding machine manufacturers are at the forefront in research & development activities.

Rotary machines with automatic features are expected to be highly attractive pulp moulding machines during the forecast period. As small & medium scale end users adopt pulp molding machines, sales of semi-automatic pulp moulding machines are estimated to grow at an impressive rate during the forecast period.

The pulp moulding machine with 1,501-3,500 units/hr. capacity is likely to gain momentum in the global pulp moulding machines market, owing to affordability and efficiency.

The rising demand for molded pulp trays from the food & beverages industry is expected to boost the demand for tray pulp moulding machines. Fruit & egg packaging is estimated to be the leading end-use application of pulp moulding machines in 2021.

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South & East Asia Remains the Main Growth Engine for Pulp Moulding Machines

The gigantic food industry in South & East Asia is offering a lucrative sales opportunity for moulded pulp packaging products. Additionally, factors such as rising consumer awareness of sustainable products, expansion of retail distribution, and global food chains entering the market are significantly contributing to the pulp moulding machines market growth.

The food delivery channels are gaining traction in the Asia Pacific region, which also provides high market growth to the food packaging industry. The overall development of the food industry in the Asia Pacific region is expected to provide an impressive growth to the pulp moulding machines market during 2021-2031.

According to the study, environmental, social, and economic concerns have resulted in a growing demand for sustainable packaging products including trays, containers, cups & bowls, plates, and others. Thus, the global moulded fiber packaging market is expected to experience significant growth during the forecast period.

The global retail sector is showing strong performance across the globe. Also, rising concerns of single-use plastic among consumers is likely to create a massive opportunity for stakeholders active in the global pulp moulding machines market during the forecast period.

South & East Asia Remains the Main Growth Engin

FMI’s business intelligence also highlights significant insights into the competitive scenario of the pulp moulding machines market along with manufacturers’ differential strategies. Key players in the pulp moulding machines market are focusing on after-sales services and efficiency enhancement to gain popularity among end users.

For example, BeSure Technology Co., Ltd is strongly focusing on research and development activities to improve the performance of its machines. To achieve the same, the company established a research and development center in Europe to become an international company with China-Europe technical co-operation.

According to FMI’s report, manufacturers are also concentrating on the expansion of businesses in the developing markets and partnering with new value chain participants to achieve sales growth.

Packaging Additives Market moving ahead with a CAGR of 4.3% during the forecast period 2022-2026

The global packaging additives market is set to enjoy valuation of US$ 549 Mn in 2022, with the market predicted to expand at a CAGR of 4.3% and attain a net worth of US$ 650 Mn by the end of 2026.

In the packaging industry, packaging additives have prominent applications in end-use industries like food and beverages and pharmaceuticals. The rise in disposable income and increase in economic growth are the significant factors driving the growth of the global packaging additives market. One key driver in the global packaging additives market is the expansion of convenient packaging and food industry in various emerging countries across the globe.

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Key players considered in this report on global packaging additives market include

AkzoNobel N.V.
ALTANA Group
Arkema
BASF SE
ColorMatrix Group
Flint Group
Henkel
Huber Group
Lubrizol Corporation
PPG Industries Inc
Sun Chemical Corporation
Valspar Corporation
Wacker Chemie AG
Evonik

Many unrecognized and local players are expected to contribute to the global packaging additives market during the forecast period.

The packaging industry in regions such as North America and Europe is highly mature and supports manufacturers to promote market growth in other regions. Growth opportunities in the packaging additives market due to the variation in the food consumption habits in regions such as Middle East and Asia Pacific excluding Japan is prompting various leading manufacturers of packaging additives to set up the production units in this regions.

The growth of packaging additives can mainly be attributed to the contributions of emerging economies in North America such as the U.S. and Canada. The U.S. is expected to be at the forefront, spearheading the growth of the packaging additives market, during the forecast period. According to the research by Future Market Insights, the U.S. packaging additives market has witnessed rapid growth in the past couple of decades. As per volumetric analysis, the plastic sub segment in the substrate segment is projected to dominate the packaging additives market. So, packaging additives manufacturers are looking forward to developing such biodegradable bioplastics that will reduce the carbon footprint.

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Key Segments of Packaging Additives Industry Survey

By Substrate Type :

Packaging Additives for Plastics
Packaging Additives for Metals
Packaging Additives for Paper & Paperboards
Others (Glass)

By Product Type :

Antimicrobial Agents
Antifog Agents
Antistatic Agents
Clarifying Agents
Oxygen Scavengers
UV Stabilizers

By Packaging Type :

Packaging Additives in Flexible Packaging
Packaging Additives in Rigid Packaging

By Region :

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

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The companies involved in the manufacturing of packaging additives are focusing on enhancing their production capacity by establishing new production units. The key motive is to have a worldwide presence through collaborations, acquisitions, or by exports in the packaging additives market. The manufacturers of packaging additives are likely to eye the lucrative regions of North America and the Asia Pacific in the coming years.

Various vital players find regions such as the Asia Pacific and Middle East & African attractive to develop packaging additives plants in the coming years. Some of the key drivers for the growth of the global packaging additives market include growing demand from the food & beverage industry due to its biodegradable nature.

The packaging additives market in Asia Pacific Excluding Japan (APEJ) is expected to create the highest incremental $ opportunity during the forecast period and is expected to grow at a significant pace in the coming years. The revenue from the packaging additives market in North America is estimated to account for over 21.9% of the global packaging additives market revenue in 2018.

Citric Acid Market Outlook, Current and Future Industry Landscape Analysis 2031

Citric acid is rapidly gaining popularity with demand rising considerably from multiple industrial end users, especially with a growing focus on clean label trends in the food and beverage industry. According to a report by Future Market Insights (FMI), the niche applications in pharmaceuticals and animal feed products will bolster sales and create lucrative opportunities between 2021 and 2031. According to the study the market sales revenue is expected to rise at more than 4.5% CAGR through the end of the forecast period in 2031.

Investments into the development of modern production technologies are positively influencing the rise in advanced offerings, while also cutting down costs. Emerging economies in particular including India and China will prove to be lucrative markets owing to easy access and low costs of raw materials.

Players in the citric acid market are expected to face challenges in terms of fluctuating costs, and changes in yield from natural sources which could impact profitability in the industry. However, the wide range of end use applications will play a key role in sustained growth for the market for the foreseeable future.

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Key Takeaways from the Citric Acid Market Study

Powder forms of citric acid will hold the lead accounting for more than 60% of the global market in 2021.
Food & beverage applications of citric acid continue to dominate the market landscape, with impetus from use as additives and ingredients in dietary supplements.
United States the U.S. will emerge as a major market for citric acid, driven by demand from the food processing and pharmaceutical sector in the country.
Germany will showcase lucrative opportunities driven by increased levels of consumer awareness in digestive health.
China is projected to reflect relatively higher levels of growth owing to higher levels of lifestyle-based ailments, especially amidst the vast geriatric Chinese demographic.

“The global citric acid market will witness substantial growth, with rising demand as a key intergradient in food & beverages, pharmaceuticals, personal care products and more. Furthermore, the increasing demand for organic food additives which is caused by the higher degree of consumer health awareness will prove to be a very important factor positively influencing market growth throughout the assessment period,” says the FMI analyst.

Application of Citric Acid in Pharmaceuticals Creating Growth Opportunities

Growing interest in natural ingredients in pharmaceutical offerings, has increased the demand for citric acid. The material is considered to be an effective and financially viable excipient, with minimal risk of side effects in the human body. Leading players are exploring niche opportunities by widening their portfolio in the pharma sector.

The powder form of pharmaceutical grade citric acid will primarily find use in medicine production. Also, consumers are increasingly likely to spend on pharmaceutical products with clean label certifications. Better health outcomes are expected to result in higher levels of citric acid being incorporated in terms of pharmaceutical safety standard parameters. This is a key factor positively influencing the use of citric acid products.

Who is Winning?

Leading companies operating in the citric acid market are increasingly focused on investing into research and development to widen the scope of applications for citric acid products. In addition, manufacturers are also pushing towards strategic divestment and acquisition of assets to optimize profitability as per demand, with a growing interest in emerging economies.

Some of the leading players in the citric acid market include but are not limited to Shandong Juxian Hongde Citric Acid Co. Ltd., Archer Daniels Midland Company, Basel, Jungbunzlauer Suisse AG, Cargill Incorporated, Delek Group, Tate & Lyle plc., Weifang Ensign Industry Co., Ltd., RZBC GROUP, COFCO Biochemical (AnHui) Co. Ltd., and Pfizer Inc.

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Get Valuable Insights on the Citric Acid Market

Future Market Insights, in its new offering, provides an unbiased analysis of the citric acid market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the citric acid market based on application (acidulant, cleaning agent, binding agent, preservative, and others), by form (Powder and Liquid), By grade (food grade, industrial grade, and pharmaceutical grade), and by end use (food & beverages, pharmaceutical, animal feed, personal care, metal finishing & cleaning, and others) across seven major regions.

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Vaginitis Treatment Drugs Market is expected to progress at 5.2% CAGR to reach US$ 4.52 Bn by the end of 2030

Global vaginitis treatment market is set to reach USD 2.7 Bn in 2020, and witness a CAGR of around 5% during the forecast period (2020 – 2030). These insights are from a latest market research study by Future Market Insights (FMI), an ESOMAR-certified research and consulting firm.

Vaginal infection impacts 40% of women across the globe. Moreover, majority of those infected are asymptomatic. As such, it becomes utterly difficult to keep a track of vaginitis and the treatment to be administered.

The only way out in this regard turns out to be creating awareness about the factors that lead to vaginitis; so that even if major symptoms do not appear; women could at least seek medical advice regarding the same.

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Several government-funded and/or private organizations are emphasizing on educating the people regarding vaginitis and the due course of treatment. Oral medications are prevalent in the current scenario.

For instance – DARE-BV1, a new thermosetting hydrogel amass with clindamycin phosphate 2% did receive QIDP (Qualified Infectious Disease Product) designation by US FDA in Aug 2019. The product came from Dare Bioscience, Inc. Such developments are expected to encourage the other players to come up with new products; thereby bolstering the vaginitis treatment drugs market.

Key Takeaways of Vaginitis Treatment Drugs Market Study

Nitroimidazole compound is the largest segment by drug type representing 44% of revenue share in the Vaginitis Treatment Drugs Market in 2019.
By the schedule of drug, prescription (Rx) drugs contributes for 3/4th of market value share. Over-the-counter drugs (OTC) is expected to grow at a higher growth rate in the forecast period
North America and East Asia collectively contributed for more than half of the market share in the Vaginitis Treatment Drugs Market in 2019 with North America holding a noteworthy market share.

“Development of single-dose drugs, growing demand for over-the-counter medication, and increasing recurrence rate of vaginitis will boost the growth of the Vaginitis Treatment Drugs Market,” says the FMI Analyst.

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Partnerships and Collaborations Paving the Way for Vaginitis Treatment Drugs Market

Partnership strengthens the drug portfolio, broadens the consumer base, and gives an impetus to research and development. For instance – in March 2018, Bayer thrush treatment Canesten partnered with sketch comedy group SketchShe and media agency PHD for a campaign which intended to reduce the stigma and embarrassment associated with the condition.

This campaign did give the consumers a fair idea about the BQ (Behavioral Quotient) of both the companies; and also left a lasting impression in the consumers’ minds.

Want more insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global Vaginitis Treatment Drugs Market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provide compelling insights on Vaginitis Treatment Drugs Market on basis of drug type (nitroimidazole compound, lincosamide antibiotics, triazoles, imidazoles), indication (bacterial vaginitis, fungal vaginitis (yeast infection), trichomoniasis), route of administration (oral, cutaneous, vaginal), schedule of drug (prescription drugs (Rx), over-the-counter drugs (OTC)) distribution channels (hospital pharmacies, retail pharmacies, drug stores, mail order pharmacies) across seven major regions.

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Key SegmentDrug Type

Nitroimidazole Compound
Lincosamide Antibiotics
Triazoles
Imidazoles

Indication

Bacterial Vaginitis
Fungal Vaginitis (Yeast Infection)
Trichomoniasis

Route of Administration

Oral
Cutaneous
Vaginal

Route of Administration

Oral
Cutaneous
Vaginal

Schedule of Drug

Prescription Drugs (Rx)
Over-the-counter Drugs (OTC)

Distribution Channel

Hospital Pharmacies
Retail Pharmacies
Drug Stores
Mail Order Pharmacies

Regions

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

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Sealant Web Films Market Study For 2022 To 2028 Providing Information on Key Players, Growth Drivers and Industry Challenges

Future Market Insights (FMI) delivers key insights on the global sealant web films market in its published report titled “Global Sealant Web Films Market Forecast, Global Industry Analysis 2013-2021 and Opportunity Assessment 2022-2028”. In terms of revenue, the global sealant web films market is estimated to expand at a CAGR of 3.9% during the forecast period, owing to numerous factors on which FMI sheds light in this report.

Sealant Web Films Market: Analysis & Forecast

Multilayer packaging films have benefits over mono-layer packaging ones due to their efficiency and durability during transportation. Sealant web films are used for both, to laminate a packaged product and to make bags & pouches from it. Sealant web films with multilayer packaging should have low melting point so that they can be heat-sealed easily.

Sealant web films are used in the food & beverage packaging industry. Hence, sealant web films that do not react with food are especially manufactured. Sealant web films are made up of heat sealable materials like polyolefin, resulting into a better performance of the multi-layer film.

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Sealant web films maintain integrity of packaging and protect its contents from leakage and degradation. Sealant web films are usually used in the inner-most layers of packaging films to enhance their performance and sealing strength. Barrier protection is a necessary factor for maintaining the aroma & flavor of food, but it is much more beneficial to add sealant web films in co-extruded films or to laminate the packaged product with them.

Introduction of varieties such as metallized films and bio-based films in sealant web films are Changing preferences of brand owners and manufacturers. Sealant web films, when metallized, have converted a 3-ply structure of a film into 2-ply structure which is a crucial factor in technical specifications of a product.

The food & beverages segment is estimated to have the highest growth rate and market share in the upcoming years in the sealant web films market, as per the increasing consumer demands & need for convenient packaging solutions. Sealant web films are expected to have an incremental opportunity in the food sector, as sealing is an essential factor for viscous products.

Global sealant web films market has been segmented as per material type, thickness type, application, and end use. On the basis of material type, sealant web films market has been classified into low density polyethylene (LDPE), linear low-density polyethylene (LLDPE), poly lactic acid, ethylene vinyl acetate, ethylene vinyl alcohol, and polypropylene. Ethyl vinyl acetate is used as a sealant web film material, as it has high clarity & gloss that adds value to its toughness.

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Polypropylene is usually used as a sealant web film material for steam sterilization applications. On the basis of thickness type, sealant web films market has been segmented into -less than 15 microns, 15-35 microns, 35-50 microns, and above 50 microns. On the basis of application, sealant web films market has been segmented into bags, flat pouches, and stand up pouches.

On the basis of end use, sealant web films market has been segmented into food & beverages, pharmaceuticals, cosmetics & personal care, textile, electronics & electrical, and homecare products. The classification of the sealant web films market is done on the basis of the sealant material used in a packaging film. Sealant web films are used to manufacture bags and pouches for retail and industrial purposes.

The sealant web films market is estimated to have high growth in the upcoming years due to a high requirement for sealing and an increment in the transportation of variety of products. Key manufacturers in the sealant web films market are coming up with innovative packaging solutions using sealant web films. Variety in stand-up pouches and other consumer convenient bags are introduced for consumer preferences.

What is the Impact of COVID-19 Pandemic on the Global Sealant Web Films Market?

Due to the Covid-19 pandemic, people are concerned about health more than ever that has generated a rapid increase in the demand for food packaging, especially the shelf-ready food packaging to fill up the grocery, packaged, processed products, etc. The strict lockdown has forced both consumers to switch over to online food ordering increased the dependency on the e-commerce industry during a pandemic.

The sealant web films prevent the spread of contamination, diseases and eliminate the chances of unwanted environmental reactions on food items causing damage and spoilage has created a significant demand during a pandemic. The seal strength is essential in food packaging ensuring the product reaches consumers without spoilage and maintaining the food quality.

Owing to the factors of food as the essential products and food packaging is the most crucial factor during a pandemic due to avoiding the spread of virus and contamination has experienced a drastic increase in the demand for food packaging sealant web films market.

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Sealant Web Films Market: Competitive Landscape

Toray Industries Inc., Berry Global Inc., Plastic Suppliers Inc., Jindal Poly films Ltd., Polifilm GmbH, Bemis Company Inc., DIC Corporation, Dai Nippon Printing Co., Ltd., Dow DuPont Inc., and Avery Dennison Corporation.

Maltodextrin Market 2021 Development Status, Competition Analysis, Type and Application 2031

Newly released report on global maltodextrin market by Future Market Insights (FMI) estimates that the maltodextrin market will register year-on-year (YoY) growth of 4.8% to reach US$ 3.61 Bn in 2021. The market has been projected to expand at a CAGR of 5.0% to reach the value of US$ 5.87 Bn in 2031

Maltodextrin sales in the food and beverage industry will grow by 3.5% in 2021. The The increasing demand from downstream products such as milk powder, ice cream, and other instant drinks will fuel maltodextrin consumption.

The maltodextrin market has been recording a moderate growth rate and is likely to upkeep its pace during the forecast period. Among the other market trends that our analysts have found, an increasing number of applications of maltodextrin is anticipated to drive the growth. Besides the use of maltodextrin in food and beverages for improving the texture, it has been finding its use in baby food as well.

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Since there is a growth in dual working households, it is expected that demand for nutrition-rich infant food and meals is going to proportionately increase during the forecast period. In addition, maltodextrin has also been used for sports nutrition. As maltodextrin is a fast-digesting carbohydrate, it is finding its use in sports drinks and snacks for sportsperson.

Other than sports, cosmetic, chemicals, and pharmaceuticals are some other end-use areas, creating a demand for maltodextrin. Several studies have found that maltodextrin can be used as a regular panacea for the treatment of hypoglycemia. In such a condition, maltodextrin has a property to quickly raise the blood sugar level.

The increasing demand for GMO-free starches in baby food and infant formula due to consumers’ inclination towards organic and natural food for their kids is creating growth opportunities for the market. Major players in the U.S. baby and infant formula market such Abbott, Nestlé, and Mead Johnson Nutrition were repeatedly petitioned to remove GMO ingredients from their respective baby food products. This showcases the growing demand of maltodextrin in baby food product as it is considered to be a good source of energy for baby. It also helps in balance intestinal osmolarity which may get altered by intestinal disorders in infants. Therefore this factor is anticipated to drive the maltodextrin market over the forecast period.

“Over the past few years an increasing number of consumers are steadily looking for food with healthier, trustworthy, and plant-based ingredients. This has made manufacturers shift towards the natural ingredients to cater to the growing demand. Impelled by the scenario, key players are focusing on research and development to find another natural source for maltodextrin.” says an FMI analyst.

Who is winning?

Some of the key players operating in the maltodextrin market ADM, Kraft, Luzhou, Matsutani, Mengzhou Jinyumi, Nowamyl, Ingredion Incorporated, Qinhuangdao Lihuang, Roquette Freres SA, Tate & Lyle Plc, Tereos Syral, Archer Daniels Midland Company, WGC, Xiwang, Zhuchen Runsheng, Zhucheng Dongxiao, Zhucheng Dongxiao Biotechnology Co., Ltd., Zhucheng Xingmao, Grain Processing Corporation, Gulshan Polyols Ltd., and Henan Feitian.

Market Segments Covered in Maltodextrin Market Analysis

By Source:

Corn-Based
Wheat-Based
Potato-Based
Cassava-Based
Others (Rice, Banana)

By Form:

Spray-Dried Powder
“Instantized” / Agglomerated**

By Application:

Food and Beverages
Cosmetics and Personal Care
Pharmaceuticals
Daily and Fine Chemicals
Others

Region:

North America
Latin America
Europe
Asia Pacific
MEA

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Key Questions Answered in the Report

How much is the maltodextrin market worth?

Currently maltodextrin market is worth more than US$ 3.61 Bn.

At what CAGR is the maltodextrin market expected to grow?

The maltodextrin market is expected to grow at a CAGR of around 5.0% during the period 2021-2031.

How did the maltodextrin market perform in the last five years?

In terms of revenue, maltodextrin market grew at a CAGR of around 3.6% during 2016-2020

What are the key trends boosting maltodextrin sales?

An increase in private label brands, steady increase in demand for maltodextrin in sports and infant nutrition industry, and rising demand for the maltodextrin by beverage industry are the latest trends observed in the market.

How much do top ten maltodextrin market players contribute towards sales?

The top 10 producers of maltodextrin hold around 30-50% of the market share.

Which are the major countries driving demand for maltodextrin?

The U.S., EU-5, Brazil, India and China are the major countries driving demand for maltodextrin.

At what rate will the U.S. maltodextrin market grow?

The U.S. maltodextrin market is projected to grow at a CAGR of around 4.3% over the next ten years.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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