Destructive Testing Market is Expected to Surpass 355,908 Units by 2031 | Impact of COVID-19 Crisis on Global Destructive Testing

According to Future Market Insights, an ESOMAR-certified research and consulting firm, the global destructive testing equipment market (for food) is predicted to reach US$ 1.7 billion in 2021, with a healthy long-term growth forecast.

Food has seen a steady growth in demand as a necessity. As a result, commercial scale manufacturers were able to expand. In light of this, the market’s long-term growth prospects appear promising.

Need for robust packaging for to prevent damage due to trauma, corrosion, and leakage as well as demand for optimal preservation of the food item against decomposition has necessitated the use of destructive testing.

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The report has forecast the global destructive testing market to grow at nearly 6% during 2021-2031. It offers analysis of 20+ high-growth markets, providing detailed insights on global destructive testing market growth trajectory over the next decade.

As per FMI, the market had to brace the negative impact of COVID-19 outbreak in 2020. Sales plummeted as stringent curbs were imposed on production and supply of testing equipment. Nevertheless, prudent measures adopted by end-use stakeholders for capital investments has helped in the market’s recovery in 2021.

Since the advent of destructive testing technique and related equipment, significant technological advancements has been witnessed in the market with present trend oriented towards portable and smart connectivity modules where data visualization, interface is enabled over multiple device platform in a single moment.

These developments are expected to support the growth of the market over the coming years.

Key Takeaways of Global Destructive Testing Market Study

  • Packaged food and dairy industries are touted as leading end-use verticals for destructive testing usage. They are expected to account around 35% of the overall demand globally.
  • North America, Europe and East Asia are identified as leading regional markets owing to presence of established food quality and certification services related to processed food and pet food market.
  • The U.S. is expected to be at the epicenter of expansion in North America, accounting for over 80% of sales in the region.
  • Despite China’s continued dominance in East Asia, destructive testing demand will increase at a higher pace in Japan and South Korea.
  • Germany, Italy, and France are likely to spearhead growth in Europe.

Global destructive testing market is likely to grow at a robust pace during 2021-2031. The market is in its advanced stages of growth, where manufacturers are currently shifting towards online distribution channels for sales. Strong focus to commercialize new product portfolio and also to expand products based on customers’ demand coupled with efficient tendering backed by aftersales service is also being emphasized by OEMs to gain competitive advantage.

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Competitive Landscape

The market is primarily consolidated, with key players accounting for more than half of the sales. The leading players are likely to invest in new technology developments as well as expansion of distribution networks in order to sustain growth. Some of the key players in the market are Thermo Fisher Scientific, Ametek Mocon, Shimadzu Corporation, Metrohm, Xylem, Inc., Sartorius AG, and Mettler Toledo amongst others, etc.

Global Destructive Testing Market by CategoryBy Device Type:

  • Texture Analyzer
  • Moisture Analyzer
  • Corrosion Detector/ Tester
  • Pressure/ Burst Tester
  • Karl Fischer Titrator

By Configuration:

  • Benchtop/ Table top
  • Stationed Units

By Operation:

  • AC Mains Supply
  • Battery Operated

By End Use:

  • Packaged Food
  • Dairy
  • Confectionery
  •  Bakery
  • Pet Foods
  • Frozen Food
  • Edible Oil
  • Snacks

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

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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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Fiber Optic Test Equipment Market to Expand at a Healthy CAGR of 6.7% Through 2027 – Future Market Insights

Sales of fiber optic test equipment exceeded 1.2 million units in 2018, and is estimated to register a 5.6% Y-o-Y growth in 2019, according to a new study of Future Market Insights (FMI). As cable operators continue to deploy fiber into their networks, fiber optic test equipment have gained vital importance in recent years.

There has been a continuous search for fiber optic test equipment that are easy to operate, regardless the intensity of exposure of cable deployment crews to optical networking.

The study opines that evolution in design & development of fiber optic test equipment continues in line with complicating test issues associated with advancements in the optical networks. Also, automation remains pivotal for fiber optic test equipment market vendors to combat the growing complexity in optical evaluation. Automation continues to act as a key deployment and execution enabler for technicians, with their application extending to procedure documentation as well as results.

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Vendors in the fiber optic test equipment market are adopting modular designs to complement interface flexibility, as these designs allow downloading software into instruments, to better perform tests from remote sources in cloud-based deployments.

Portability aspects go hand-in-hand with modularity-driven efforts of the vendors, enabling technicians to send results to a central facility via cloud, for trend analysis or later evaluation. Moreover, fiber optic test equipment market vendors are also focusing on simplifying operations for cable operators, by offering system-integrated lower-level test capabilities.

Fiber Optic Test Equipment Market: Optical Light Sources Remain Sought after, OTDRs Gain Remarkable Significance

Sensing varied evaluations and associated complications in the optical networking, vendors in the fiber optic test equipment have introduced various instruments, which range from optical light sources and optical power & loss meters, to optical time domain reflectometers (OTDRs).

The study estimates nearly 60% volume share of the market to be held collectively by optical light sources and optical power & loss meters in 2019. On the other hand, OTDRs will witness a relatively faster growth in demand as key components that are traceable to calibration standards and cost-effective for outside plant (OSP).

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The study states that the trend of greater demand for OTDRs is expected to continue, as these offer relatively higher accuracy in optical power meter (OPM) measurements. This particularly significant when OPM is used in combination with stabilized light source for obtaining loss of plant in dB. Optical time domain reflectometers will continue to gain popularity as key instruments in testing, troubleshooting, and maintenance, while evolving to meet current as well as future requirements.

Future Prospects Bright for Fiber Optic Test Equipment Market

As the evolution in automated, multi-purpose and cloud-friendly instruments becomes palpable, the optical communications technology that cable operators have at their disposal will witness significant changes in the upcoming years. Although certain tests will retain their essentiality in the fiber optic test equipment market, the way they are conducted and their targeted measurement areas are likely to witness transformations.

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Key players in the fiber optic test equipment market are focusing on the adoption of next-generation PON technology, while network managers eye the shift toward distributed access architecture.

This will result in notable developments in the fiber optic test equipment as a consequence. Rapid advancements in the optical network space continue to put pressure on troubleshooting and deployment technicians. Fiber optic test equipment vendors are focusing on simplifying operational aspects for technicians, as new optical technologies gain significance.

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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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India Hydrological and Meteorological Equipment Market is Growing Due to Rising Construction of Dams Coupled with Increasing Water Levels

Demand for hydrological and meteorological equipment in India is set to grow at over 5% in 2021, with growing applications in disaster management likely to create opportunities. A new report by FMI opines demand for hydrological and meteorological in India to be worth nearly US$ 100 Mn by 2030-end.

Equipment is employed to measure various weather parameters such as barometer for air pressure, anemometers for wind speed, hygrometers for humidity, ceilometer for cloud cover, and pyrometer for net radiation.
Owing to such wide range of applications, hydrological and meteorological equipment is gaining ground across various end-use industries such as marine and coastal security, research and academia. Furthermore, erratic weather patterns induced by climate change has rendered it imperative to map parameters such as wind direction, amount of precipitation and dry spells to enable meteorological organizations take corrective measures to offset adverse impacts, thereby heightening expansion prospects.

Historical and Future Outlook

Meteorological equipment is being employed widely across various research organizations as well as chemical manufacturing plants. The demand for such equipment has always been higher, as various chemicals are produced on distinct and precise parameters. Additionally, meteorological equipment is highly utilized by airports, gaining immense popularity in last few years.

Weather is an essential factor accountable for the proper functioning of all businesses. Companies are increasing their focus on predicting climatic conditions to minimize the risk of losses by taking actionable decisions, such as the aviation industry which use these devices to charter flight paths to save jet stream and avoid turbulence.

Key Takeaways

  • The hydrological and meteorological equipment market is expected to grow at a CAGR of 5.8% from 2020-2030.
  • Global revenues are set to reach nearly US$ 100 mn by the end of 2030
  • AT/RH sensors demand is growing due to their high accuracy and remote monitoring feature.
  • Research Institutes and Laboratories remain key revenue generators for manufacturers.

COVID-19 Impact Analysis

The COVID-19 pandemic has disrupted industries all over the world, including the hydrological and meteorological equipment market in India. The sudden implementation of lockdown in India had brought production and import of raw materials to a standstill. The transport ban has also brought distribution and sales to a halt.

The market is expected to bounce back in 2021 due to the necessary need for weather prediction for disaster management, especially in the defense sector, where this information is critical.

india hydrological and meteorological equipment market

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Key SegmentsHydrological Equipment Type

  • Surface Water Velocity Sensors
  • Current Meters
  • Groundwater Level Logger
  • Radar Water Level Sensors
  • Compact Bubblers
  • Pressure Level Sensors
  • Multi-parameter Water Quality Sonde

Hydrological Equipment End Users

  • Central Water Resources Management Department
  • Irrigation Department
  • Agriculture
  • Water Utility Companies
  • Hydropower Plants
  • National Hydrological Projects
  • Research and Academia

Meteorological Equipment Type

  • Rain Gauge
  • Precipitation gauge Measurement
  • Disdrometer (Parsivel- laserWeather sensor)
  • Wind Speed and Direction Sensor
  • Ceilometers
  • AT/RH Sensor
  • Snow Depth Sensors

Meteorological Equipment End Users

  • Indian Meteorological Department
  • Space Research & Sciences (ISRO, NESAC)
  • Environmental Engineering & Audit Agencies (NEERI, TERI, etc.)
  • Marine & Costal Security
  • Research Institutes Laboratories (SASE, IISER, NIOT)

Valuable Insights into the India Hydrological and Meteorological Equipment Market Report

Future Market Insights (FMI) has presented a detailed analysis on the hydrological and meteorological equipment market along with an assessment for the years 2020-2030. In order to provide a comprehensive analysis, the market is divided into several segments.

On the basis of hydrological equipment type, the market is segmented into surface water velocity sensors, current meters, groundwater level logger, radar water level sensors, compact bubblers, pressure level sensors, multi-parameter water quality sonde, contact gauge, side looking doppler and data loggers. Based on the hydrological equipment end users, the market is divided into central water resources management department, irrigation department, agriculture, water utility companies, hydropower plants, national hydrological projects and research & academia.

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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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Digital Refractometers Are Expected to Drive the Growth of the Market During the Forecast Period

At a robust year-over-year revenue growth estimation over 2018, the refractormeters market is anticipated to witness a cumulatively growing adoption scenario in the near future. Future Market Insights recently released a global market intelligence report covering the refractometers landscape. The report projects the global market valuation of refractometers landscape to reach beyond US$ 420 million in 2019.

Although Abbe refractometers account for a massive market value share, it is more likely that the growing popularity of the other two types of refractometers, i.e. digital and handheld will gradually take over in the long run.

Elevating Safety Significance to Propel Refractometers Demand in F&B

As the food safety and security concerns gain more prominence pushing the demand for food quality testing equipment at modern laboratories, refractometers are constantly witnessing growing adoption worldwide.

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Food and beverage ingredients testing has gathered ground in recent decades, and at present, F&B manufacturing and processing companies emphasize the testing of sugar, fat, allergen, and a few other attributes prominently in products such as honey, sugar syrup, ham, fruit juices, and a range of beverages.

Moreover, refractometers constitute an important part of routine sample analysis of fresh produce, dietary food and beverage products, alcoholic beverages, and sugar concentrates. Currently, F&B holds more than 25% share of the global market revenue, as indicated by the report.

Temperature Controlled Refractometers to Witness High Sales

With rapidly increasing popularity of temperature control laboratory equipment, the refractormeters landscape has been observing elevating sales of temperature control refractometers, in recent years.

In addition to being a primary reason for the possible inaccuracy in measurement, temperature holds high importance in verifying refractometer readings.

Looking at the growing reliance of refractometer measurement on temperature variations, it is more likely that adoption of temperature-regulated refractometers will experience an upsurge in coming years.

The two trends, aforementioned, are cited as the highly prominent factors that are likely to improve revenue prospects of the global refractometers market, says research. Evolving research demands at modern laboratories are influencing the adoption of modern laboratory equipment, including refractormeters.

Attractive Penetration Opportunities Reside in Healthcare

The healthcare industry is likely to open new doors of opportunities for investors in refractometers landscape. With an expanding clinical research space and increasing criticality of accurate diagnostics, the market for refractormeters is witnessing an increasing rate of adoption.

Monitoring individual protein levels of serum and plasma is emerging as one of the most prominent applications pushing sales of refractormeters across the healthcare domain. Healthcare sector is demonstrating exceptional growth in BRICS countries, which is reportedly a strong factor instrumenting the demand for refractometers for healthcare related applications.

Veterinary refractometers, another popularizing type of the refractometer, continues to observe steadily growing demand for applications such as monitoring the vital fluid levels, hydration and dehydration levels, protein deficiency, and excessive fluid intake.

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Collaborations and Acquisitions to Shape Competition Strategies

Leading players in the laboratory equipment landscape that actively serve the refractometers space are concentrating on strategic acquisitions that potentially help companies focus on product innovation and new launches, to eventually attain an enhanced market foortprint. Strategic collaborations also remain one of the most favored strategies for the diversification of product offering portfolio.

Thermo Fisher Scientific Inc. recently announced the acquisition of Phenom-World and Patheon N.V. Earlier this year, the company acquired IntegenX Inc. With these deals, it is most likely that Thermo Fisher’s extensive range of portable and handheld refractometers, handheld analog salinity refractometers, Benchtop laboratory refractometers, and digital Benchtop refractometers will be expanded – for the company’s enhanced global footprint.

FMI Positions APEJ as the Highest Potential Regional Market

The regional outlook of refractometers market reflects dominance of North America owing to strong presence of a large number of manufacturers of laboratory testing equipment as well as an established research base in the region.

However, the market for refractometers is witnessing strong signs of the emergence of an attractive opportunistic pocket for investors across Asian economies. This growth projection is attributed to the rapidly growing number of research institutes, following the surging frequency of government as well as non-government research grants. The report suggests that APEJ holds the highest potential in terms of growth rate, in the refractometers market.

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

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Degassing Valves Market Research by Key players, Type, Application, Future Growth & Forecasts 2022-2031

As per a recent market analysis by Future Market Insights (FMI), the global degassing valve market size is projected to top US$ 140 Mn in 2022. With sales growing at a 4.9% CAGR, the market size will total US$ 215.7 Mn in 2031.

Degassing valves are used for emitting/degassing the carbon dioxide and air inside various bags and pouches. With their exceptional functionality, these valves maintain the freshness, aroma, and quality of food such as coffee, dairy products, pet food, etc.

With their degassing mechanism, these valves have brought about a significant change in the way coffee and other food products are packed and transported. The introduction of flexible packaging is also expected to boost sales of degassing valves over the assessment period.

Factors such as rising consumption of coffee among millennials and increasing import and export of coffee products worldwide are key factors driving the degassing valves market.

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Degassing valves are available with or without a filter. Both types have their own mechanism and functionality. Degassing valves with integrated filters are mostly suitable for powdered food and coffee products. The filter can prevent small powder particles from getting into the degassing valve.

Leading manufacturers operating in the market are providing valves with filters to fulfil the precise requirements of brand owners. The addition of these filters enables manufacturers to offer degassing valves for both coffee bean and powdered coffee packaging.

Surging demand for degassing valves with integrated filter mechanism among the small as well as leading coffee brand owners is expected to complement the growth of the market over the assessment period.

Key Takeaways:

  • By product type, the filter integrated valves segment is projected to account for 3/4th of the total market share through 2031.
  • Based on material type, PE (Polyethylene) will emerge as the most preferred material for degassing valves production. The segment is projected to offer an incremental opportunity of US$ 38.0 Mn during the forecast period.
  • Collectively North America and Europe are projected to hold around 52.0% of the degassing valve market share in 2022.

“Increasing consumption and trade of coffee in developing regions, along with the introduction of flexible coffee packaging to maintain the freshness of these products will continue pushing sales over the forecast period,” says the FMI analyst.

Competition Landscape

CCL Industries, Goglio SpA, Fres-co System USA, Inc are the top players operating in the global degassing valve market. Furthermore, TricorBraun Flex, Plitek Valves Inc., Syntegon Technology GmbH, FLAIR Flexible Packaging Corporation, Layfield Group. Ltd., Amcor plc are among the leading players operating in the market.

The Tier 3 players in the market hold 35-45% in the global degassing valve market. In conclusion, key players contribute almost 55-65% of the global degassing valve market.

Leading players operating in the global degassing market are investing in research and development to develop flexible packaging solutions for coffee and other products. In addition to this, players are investing in mergers, acquisitions, and collaborations to gain a competitive edge in the market.

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Degassing Valve Market By Category

Product Type:

  • Filter Integrated Valves
  • Non-Filter Integrated Valves

Material:

  • PE Valves
  • PP Valves
  • Bio-based
  • Silicone

Packaging Format:

  • Bags
  • Pouches

End Use:

  • Coffee
  • Dairy
  • Pet Food
  • Fermented Food

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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 9-years.

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Packaging Testing Equipment Market Development Trends, Competitive Analysis & Key Manufacturers Report 2031

The packaging testing equipment market will increase at a CAGR of 6.4 percent between 2021 and 2031, according to Future Market Insights (FMI). The consumer electronics industry’s application scope is predicted to expand as demand for complementary and technologically advanced packaging solutions develops. Packaging testing equipment is used in the electronics sector for a variety of purposes, including backing proofing for operating status, certification of electronics, and determining whether or not they are safe to use.

Packaging testing equipment’s uses in the electronics industry are continually expanding. A prominent factor that is expected to boost the growth of the packaging testing equipment market is the fast expanding demand for consumer electronics.

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Packaging Testing Equipment Market Landscape

Krones AG, Coesia Group and AMETEK Inc. are the top players operating in the packaging testing equipment market. Furthermore, Marchesini Group, Presto Testing Equipment, Labthink Instruments Co. Ltd., AZO Holding GmbH, Machine Solutions Inc., Qualitest, and Rycobel Group are also the noticeable players in the packaging testing equipment market. The 3-tier players of the market hold 80-90% in the global packaging testing equipment market. Summarizing everything key players will contribute almost 10-20% of the global market.

FMI forecasts that the sales of packaging testing equipment will increase in food and beverages, healthcare, and other sectors. Factors such as demand for sustainability and client specific customization will aid application across diverse industries.

Key Takeaways from Packaging Testing Equipment Market

  • By testing type, material/ sample testing segment is ahead and leading the global packaging testing equipment market. The segment is anticipated to account for 44% of the market by the end of forecast period.
  • By material, the plastic segment is mostly preferred in the market due to its low cost feature. Demand in the segment is anticipated to increase 1.8 times during next 10 years.
  • Among end users, the food and beverages segment will exhibit high demand. Furthermore, healthcare & pharmaceuticals will be the second largest segment, accounting for 22% of the market.
  • Asia-Pacific is anticipated to offer impressive opportunities for packaging testing equipment market due to lower tax slabs and ease of doing business opportunities in the region.
  • North America and Europe will hold share of almost 44% in the global market by the year 2031.

 “The demand for packaging testing equipment is rising globally.  Increasing focus on testing services and verification & certification for ensuring the quality of packaging material has created growth opportunities for packaging testing equipment manufacturers ,” says FMI analyst.

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Introduction of New Standards & Regulations to Bolster Packaging Testing Equipment Market

Introduction of new standards for packaging authentication is creating growth opportunities in the packaging testing industry. Standardized regulations are implemented around the world to ensure ever-expanding cargo and product reach the destination safely, and different packaging test methods are done in this process.

There is a long list of packaging testing standards established by various organization such as International Safe Transit Association (ISTA), American Society for Testing and Materials (ASTM), International Organization for Standardization (ISO) which includes, Consumer, Pharmaceutical, Chemical/Safety Properties, and Child Resistant Packaging, Interior Packaging, Sustainability & Recycling, Package Design and Development, , Shipping Containers, Paper and Paperboard Products Crates, Pallets, and Related Structures, Tape and Labels, And others.

Implementation of stringent packaging guidelines will therefore help in the growth of the market.

Impact of COVID-19 on Packaging Testing Equipment Market

Global crisis of COVID-19 had negative impact on the sales of packaging testing equipment. Lack in availability of raw materials suspended manufacturing process. Imposition of lockdown in major regions such as North America, Latin America, Europe, Asia-Pacific and Rest of World also hampered manufacturing of packaging testing equipment.

Disruption in supply chain activities and stringent rules and regulations lead to a complete closure of manufacturing plants for months. Consequently, sales of packaging testing equipment were pretty disturbed during the lockdown dampening sales of target market.

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

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Pad Printing Machine Industry Analysis, Size, Share, Growth, Trends & Forecast to 2031

As per Future Market Insights (FMI), the worldwide pad printing machine market show a CAGR of 5.4%, driven by popularity for computerized printing machines and mix of most recent advances in pad printing system.

The pad printing process is fundamentally a circuitous cycle for photogravure printing where the picture from 2D organization is moved on a 3D item. Silicone pads for their property of being ink repellant are utilized as an exchange mode for the ink onto the item.

Problematic clever mechanization and industrialization are key drivers of the pad printing machine market. Any log jam in the worldwide monetary development affects pad printing machines deals since it influences evaluating and request as well as influences the accessibility of machines and import-trade factors in the market.

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Thanks to economic recovery post COVID-19 outbreak, sales in the market is picking up, albeit gradually. FMI predicts impressive prospects for growth as sales recover in the automotive sector, which is a key end user of pad printing machines.

As a result of the increasing per capita income of consumers across the globe, the automotive industry is growing rapidly. The economic, as well as luxury car segments within the automotive market have witnessed steady growth in the past decade. Furthermore, the popularity of electric vehicles and hybrid electric vehicles is picking up globally.

The pad printing technology is widely used in the printing of various components and parts of vehicles including knobs, centre console components, indicator parts, dashboard components, door handles, wheel rims, and automotive electronics plastics among others.

The players in the automotive industry often use pad printing machines to improve the décor and attractiveness of small components. This is generally done to enhance the aesthetic appearance of the vehicle and introduce unique identifying features, with an aim to stand out in the competition. The consistent growth of the automotive industry and growing applications of pad printing solutions are anticipated to drive the market for pad printing machines during the foreseeable future.

Key Takeaway from Pad Printing Machine Market

  • Demand for multi-color pad printing machines is expected to increase at a CAGR of 5.7% during 2021-2031.
  • Due to advancement in technology and advantages associated with rotary printers, the segments is expected to create incremental opportunity of US$ 314 Mn during the forecast period.
  • The usage of medium output pad printing machines will increase and is expected to account for 42.5% of sales in the global pad printing machine market by 2031.
  • Pharmaceutical and medical device sector is expected to account for maximum sales in 2021.

“Pad printing machine market is driven by novel applications in industries like glassware and CBD packaging. Pad printing is expected to replace digital printing in the coming years,”- said a FMI Analyst.

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Adoption of Camera Integrated Systems in Pad Printing Machines to Bolster the Market Growth

Some of the pad printing machine manufacturers are introducing cameras at several steps of the printing process. The cameras enable users to detect any errors and check the calibrations of the machine set up. The cameras are used depending on the applications and requirements often to check the position of the object in the jig and/or the printed image after contact with the pad.

In the automatic machines, the corrections can be configured immediately if any misprint is noticed for example because of the incorrect printing position. This helps in avoiding additional costs incurred if the bulk quantity is misprinted and needs to be replaced or reprinted.

Pad Printing Machines Market Landscape

Inkcups Now Corp., Printex USA, Illinois Tool Works Inc., Engineered Printing Solutions, Printa Systems, LLC, DECO Technology Group, Inc., AutoTran Inc., Winon USA, Tampoprint AG, Miedl & Schnall GmbH, Tamponcolor TC Druckmaschinen GmbH, Mascoprint Developments Limited, Comec Italia Srl, Teca-Print USA, ESC Europa-Siebdruckmaschinen-Centrum GmbH & Co. KG are some of the market players in pad printing machine market. Key market players in tier one hold 25% to 35% of the global market share.

What is the Impact of COVID-19 on the Pad Printing Machines Market?

Due to the outbreak of COVID-19 in 2020-2021, most of the markets registered sluggish demand and production, which dampened growth in the global market. Pharmaceutical and medical devices however have helped the pad printing machine market to stay afloat despite the challenges. Driven by various advantages of pad printing and economical printing, the pad printing machine market is expected to register a high growth during the forecast period. According to FMI analysis, the market is expected to reach a value of US$ 1.8 Bn by 2031.

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Pad Printing Machine Market by Category

By Product Type:

  • Single-Color
  • Multi-Color

By Printer Type:

  • Rotary
  • Flatbed

By Output:

  • High
  • Medium
  • Low

By End-use:

  • Pharmaceutical & Medical Devices
  • Textile / Apparel
  • Automotive
  • Consumer Goods
  • Others (Electronics, etc.)

By Region:

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

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Billing Paper Market Outlook, Opportunity & Demand Analysis, Forecast to 2031

According to Future Market Insights (FMI), the global sales of billing paper market is expected to surpass US$ 1489.8 Mn by 2031. Billing-cum-invoice paper allows for multiple copies to be made of a document.

Increasing application of billing papers as invoice and transaction receipts in the businesses and e-commerce sector is driving the demand. On the back of this, the market is poised to expand at 6% CAGR between 2021 and 2031.

As companies in the industrial sector are increasingly becoming conscious towards the hazardous effect of carbon paper on environment, demand for sustainable and carbon-less billing paper have burgeoned. Also, expansion of e-commerce and retail sectors across India, China, and the U.S. is expected to increase the sales of billing paper.

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Sales of billing paper witnessed moderate growth during the FQ-20 owing to the unprecedented outbreak of COVID-19. While disruption of supply-chains due to global lockdown hampered the sales, adoption of eco-friendly billing papers increased in the healthcare sector due to the transportation and supply of COVID-19 vaccines.

As per FMI, sales of billing paper grew by 4.4% year-on-year in 2021, and is projected to surpass US$ 831.2 Mn.

Key Takeaways from Billing Paper Market

  • 2 Parts NCR Paper is the most preferred paper type, with a 36.5% market share by 2031..
  • In terms of basis weight, 40-100 GSM is expected to be highly sought-after, accounting for highest market share of 58.8% during the forecast period.
  • In terms of application, institutional segment will dominate the segment, holding 35.1% market share by 2031.
  • Asia Pacific is estimated to grow the highest 8% CAGR during the forecast period.
  • Sales of billing paper in Thailand are expected to surge at an exceptional 10% CAGR between 2021 and 2031
  • China is expected to spearhead the growth of East Asia market, contributing over 66.2% sales by 2031.

“End users institution, education, commercial and household sectors are switching to a customized range of invoice and receipts of billing papers due to their multifaceted attributes, which covers safety, accuracy, and durability. Also, manufacturers are increasing the production of eco-friendly and user-friendly customized billing papers to capitalize on the existing trend,” says FMI analyst.

Availability across Shopping Malls and Supermarkets Will Augment the Sales

Billing papers are ideal for invoices, purchase orders, receipts, and other essential documents because they transfer the data from the top sheet to multiple sheets beneath. They are extensively used in supermarkets and retail stores for invoice and receipts printing to mark the product details.

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Billing papers as a billing-cum-delivery challan book are placed at every cash and delivery counter to provide the consumer with exact product details and payment proof. It is considered the most economical printing technology due to low maintenance costs and less energy consumption.

Less administrative time is required to fill up the details, and accuracy increases the customer’s satisfaction and loyalty. When signed on the billing paper invoice book, it is considered a valid and authentic proof document.

Availability of different color coded billing papers creates organizational efficiency, easy filing, and distribution. Hence, rising consumer preference for shopping in supermarkets and shopping malls due to convenience and the fast, easy, and accurate billing will bolster the demand for the billing papers.

Electronic Invoicing and Digital Payment as Alternatives to Paper Might Limit the Sales

Growing penetration of digital technology and internet banking have allowed smartphones to receive bills, receipts, and statements. Digital invoices, reports, and receipts alleviate the printing and handling costs for businesses.

Consumers store digital bills and receipts on mobile phones, computers, or laptops to quickly access the documents when required. Due to the growing need for safe and secure digital technology, companies share important documents, invoices, and credit card bills through emails and other digital technology.

Paper invoicing, printing, and dispatching wastes valuable staff time, energy, and costs. Time spent resolving invoicing data entry and processing due to human errors on paper billing is very high. Hence, rising trend of digital and online trading through internet banking, mobile banking, ATM centers, and card payments are limiting the sales of billing papers.

Additionally, fewer people are required to process electronic invoicing. The invoicing accuracy and better efficiency due to digital technology will reduce the demand for billing paper.

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Billing Paper Market Landscape

Koehler Paper Group, Pixelle Specialty Solutions, Mitsubishi HiTec Paper Europe GmbH, Asia Pulp & Paper (APP) Sinar Mas., and Jinyi Paper Co., Ltd. among others are the prominent players in the global billing paper market. The Tier 1 players in the market hold 25-30% in the global billing paper market.

What is the Impact of COVID-19 Crisis on Billing Paper Market?

Every industry across the globe has been impacted by COVID-19, paper industry is among the worst hit due to supply disruptions and non-availability of raw materials. The pandemic created numerous challenges to the paper and pulp industry across the globe and provided unprecedented possibilities for medical specialty papers, etc.

Due to the travel restrictions and lockdowns, consumers initiated and favored e-commerce and online shopping.  Hence, due to the sudden rise in the billing and receipts transactions, the distributors and dealers switched to the billing papers as the most convenient, speedy, and accurate way of billing.

It ensured the safety and security of the consumers and offered valid evidence of proof for sale transactions. Due to the closing of educational institutions, offices, and commercial establishments, the billing papers market had an adverse impact due to the Covid-19 pandemic.

Billing Paper Market by Category

By Paper Type:

  • 2 Parts NCR Paper
  • 3 Parts NCR Paper
  • 4 Parts NCR Paper
  • 5 Parts NCR Paper

By Basis Weight:

  • Up to 40 GSM
  • 40-100 GSM
  • Above 100 GSM

By Application:

  • Institutional
  • Educational
  • Business
  • Households

By Region:

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

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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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Laboratory Ovens Market is Growing Due to Global Adoption of Advanced Laboratory Systems by Various Research Institutions

Although laboratory ovens have been categorized on the basis of their simplicity, many manufacturers in laboratory ovens market are focusing on developing second-tier features such as enhanced reliability and independent temperature safety and shut off. The demand for laboratory ovens is expected to grow at a moderate rate of nearly 4.4% in 2019, according to a forecasted report by FMI (Future Market Insights) on laboratory ovens market, globally.

The average laboratory ovens are expected to become obsolete within the seven years of manufacture and moreover, repair of damaged and old laboratory ovens turns out to be costly and time-consuming.

This in turn makes the purchase of new laboratory ovens cheaper compared to the former method and need for growing awareness regarding the regular maintenance of laboratory ovens gives research institutes opportunities to develop programs regarding the same.

North America to Register Maximum Sales of Laboratory Ovens; To Outpace Europe

North America is projected to hold massive market share in laboratory ovens market by expanding at a steady pace in 2019.

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Dental laboratory ovens is expected to be the major attribute towards the regional growth. With increasing number of dental diseases and dental caries, demand for technologically advanced products comes in play, thereby driving the need for laboratory ovens in the region.

Growing availability of skilled professionals, rising awareness regarding oral hygiene and significantly increasing dental clinics stimulates the growth of North America laboratory ovens market. Moreover, constant advancement in healthcare facilities by U.S. government further propels deployment of laboratory ovens in North America.

Vacuum Ovens to Witness Steady Expansion

Vacuum ovens are expected to hold a quarter share in laboratory ovens market through 2019 with surging demand from forensic, clinical and research laboratories, in order to cater to the growing needs of delicate drying processes such as removing flammable solvents and drying tiny parts.

Manufacturers such as Scientific Digital Imaging plc are taking up immense efforts in expanding their global distribution networks by making strategic acquisitions and are introducing new territories that would help them in reducing manufacturing costs and increase sales. In addition, emergence of vacuum ovens that deliver maximum efficiency in purging solvents such as the butane hash oil, is expected to further dive-in opportunities for expansion of customer-base in laboratory ovens market.

Forensic Laboratories to Hold Bright Future

Forensic laboratories are expected to expand at a moderate pace in the laboratory ovens market in 2019. With increasing number of forensic investigations due to rising number of crime rates such as terrorist bombings and gun violence across the world, demand for laboratory ovens in forensic laboratories is expected to increase.

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Advanced forensic technologies including portable usage of the color chemistry for the purpose of identifying chemical and biological weapons, sensing technologies, DNA-profiling techniques, enhanced extraction of the fingerprints from metals such as gun cartridges and fragments further drives the usage of laboratory ovens by forensics.

Market Segmentation

By Oven Type

  • Gravity Convection
  • Mechanical Convection
  • Vacuum Ovens
  • Cleanroom Ovens
  • Others

By Capacity

  • Small Capacity (Under 2 cu. Ft.)
  • Standard Capacity (2 cu. Ft-6 cu. Ft.)
  • Large Capacity (Above 6 cu. Ft.)

By End-User

  • Biosafety Laboratories
  • Clinical and Medical Laboratories
  • Incubator Laboratories
  • Production Laboratories
  • Research & Development (R&D) Laboratories
  • Others

Key Regions

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Russia
    • Rest of Europe
  • APEJ
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of APEJ
  • Japan
  • MEA
    • GCC Countries
    • Israel
    • South Africa
    • Rest of 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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Cell Culture Media Bags Market Is Set to Expand at A CAGR Of 10.8% To Reach US$ 2.67 Billion During the Forecast Period 2022-2030

In its new market study, Future Market Insights (FMI) estimates global cell culture media bags market will register impressive growth between 2022 and 2030, progressing at a stellar CAGR of 10.8%. Furthermore, the study projects that the market will surge past a global valuation of US$ 2.67 Bn by 2030. The report attributes the growth of the market to soaring demand for disposable packaging solutions in life sciences R&D activities and manufacturing of biopharmaceuticals.

Moreover, the emergence of innovative techniques such as four-layered films, which provide exceptional oxygen and moisture barrier properties, is also expected to boost demand.

Having analyzed the impact of the COVID-19 pandemic, the report opines that increasing health concerns and high emphasis on biopharmaceutical research will augur well for market growth during the assessment period.

COVID-19 Impact

The outbreak of COVID-19 is expected to positively influence the demand for cell culture media bags as players operating in the healthcare and pharmaceutical sectors emphasize on high quality and safe packaging and storing solutions. Moreover, an upsurge in the number of studies and researches during the pandemic to develop a vaccine is, in turn, propelling demand for cell culture media bags.

Likewise, the need for disposable and single-use solutions for applications such as large-scale purification, cell storage, protein purification, and polishing applications in the biopharmaceutical market will continue to offer remunerative opportunities to market players through the pandemic period.

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List Of Key Players Covered in Cell Culture Media Bags Market are:

  • Parker Hannifin Corp
  • Pall Corporation
  • Sartorius AG
  • Thermo Fisher Scientific Inc.
  • GE Healthcare Inc.

Competitive Landscape:

In this fast-growing industry, partnerships and collaborations, product launches, expansions, and other strategies have been used to gain a major piece of the cell culture media bags market.

To meet the increased demand for bioprocess manufacturing activities, market participants are concentrating on up-scaling media bag production. In addition, producers are tackling problems and improved features of bags such as four-layered films that provide stronger oxygen and moisture barriers to the properties.

In this vein, Thermo Fisher Scientific released the CEDIA Mitragynine (Kratom) Assay, a novel immunoassay for kratom alkaloid mitragynine screening designed specifically for criminal justice and forensic purposes.Throughout the projection period, continuous product innovations will continue to define the competitive landscape of the market. Furthermore, industry participants are concentrating their efforts on producing products for specific end uses.

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Key Takeaways

  • 2D bag designs are expected to account for over half of the market value, owing to their high flexibility
  • Very large bags (>3000 ml) will remain the most sought out size, owing to low contamination properties
  • By host cell, the bacterial cell segment is projected to account for the majority of market value, ascribed to an increasing number of studies on diseases caused by bacteria.
  • Biopharmaceutical manufacturing will remain a key end-use segment, capturing over 2/3rds of market value through the forecast period.
  • US will remain the largest market for cell culture media bags globally.

“Market players are investing in new product innovation and are focusing on procuring FDA approvals to facilitate wide-scale deployment,” remarks FMI analyst.

Who is Winning?

Cell culture media bags manufacturers are focusing on developing solutions that address the key challenges such as recycling of multilayer flexible packaging consisting of plastic and barrier materials. Moreover, new product development and strategic partnerships have been identified as key growth strategies adopted by market players.

  • In April 2019, Thermo Fisher Scientific launched a new immunoassay – CEDIA Mitragynine (Kratom) Assay – for kratom alkaloid mitragynine screening solely for criminal justice and forensic applications.
  • In August, 2015, Rim Bio partnered with Playmouth based Sentrol for sales and distribution of its single-use bio containers across the United States.

FMI’s report includes profiles of some of the most prominent names in the market including Parker Hannifin Corp, Pall Corporation, Sartorious AG, Thermo Fisher Scientific Inc., and GE Healthcare Inc.

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Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the keyword market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on 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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