Baby Diaper Market Is Expected To Reach A Valuation Of US$ 63.67 Bn By 2021

The baby diaper market is set to grow, especially as manufacturers increasingly focus on innovations to offer greater customer satisfaction. According to a study by Future Market Insights (FMI), some of the leading manufacturers are focusing on ensuring bio-degradability in order to ensure products are recyclable. Driven by these developments, the market is expected to reach a valuation of US$ 63.67 Bn by 2021.

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Unlike bio-degradable diapers, regular diapers don’t degrade well in a landfill. Also, disposable diapers require around several years to disintegrate. The tremendous amount of untreated waste added to the landfills consistently through plastic diapers can contaminate the groundwater. Coupled with this, rising climate concerns represents a key factor propelling the demand for bio-degradable diapers.

Disposable diapers comprise many synthetic compounds that can adversely affect wellbeing. These includes sodium polyacrylate, dioxins, tributyl-tin, dyes, volatile organic compounds, and other chemicals. These synthetic substances may cause tingling and different medical issues such as respiratory problems, cancer, hormone interferences, and several other health problems to an infant.

With consumers increasingly focusing on eco-friendly buys, the demand for biodegradable or reusable baby diapers is expected to surge. In addition, cost-effective pricing of products, presence of a relatively untapped market for bio-degradable baby diapers in underdeveloped and developing countries, and rapid urbanization are other factors expected to propel bio-degradable baby diapers sales over the forecast period.

Thus, increasing awareness on negative impact of these chemicals and baby hygiene among individuals shifting the consumer preference towards bio-degradable diapers. Subsequently, organizations are investing in R&D to ensure impact of products on the climate is zero to minimal. According to FMI, despite the dominance of disposable diapers, the reusable baby diapers sales will rise at 5.1% CAGR between 2021 and 2031.

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Key Takeaways from the Baby Diaper Market Study

  • Baby diapers sales will rise consistently. FMI forecasts the market to exhibit 5% CAGR between 2021 and 2031
  • The U.S. showcases high focus on offering best possible baby care. It therefore accounts for 80% of baby diapers sales in North America
  • Despite sluggish growth registered amid pandemic, the U.K. market will recover, exhibiting 4.6% y-o-y growth in 2021
  • Germany and Spain will emerge as other key markets for sales within Europe
  • China will remain a key market for baby diapers sales in East Asia, as consumers show higher willingness to spend on advanced baby care. Japan will follow closely, emerging as second-leading market

“Companies are focusing on penetration in rural areas to capitalize on untapped opportunities. They are therefore increasingly investing in various awareness campaigns to educate widely scattered demography of prospective buyers about the benefits of baby diapers for the health and wellbeing of their children,” says an FMI analyst.

Impact of COIVD-19 & 2020 Market Analysis

The COVID-19 outbreak resulted in the imposition of lockdowns in various nations that has considerably affected the net sales and production of baby diapers. Companies were unable to operate across the world, which in turn has impacted baby diaper demand severely. Besides this, travel restrictions adversely impacted operations within the market.

With second and third wave of pandemic on card, baby diaper companies are extending various offers on bulk purchase of baby diapers. With situation predicted to recover in the coming days, the baby diapers sales will rise in the near future.

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Who is winning?

Some of the key players operating in the Baby Diaper market are Kimberly-Clark Corporation, Procter & Gamble Company, Kao Corporation, Unicharm Corporation, Cardinal Health Inc., Ontex International N.V., Bambo Nature USA, PAUL HARTMANN AG, C. R. Bard, Inc., Aleva Naturals (D&G Laboratories Inc.), B. Braun Melsungen AG, Babyganics (S.C. Johnson & Son Inc.), Bambino Mio Ltd., Bambo Nature USA (Abena Group), The Honest Company Inc., Bumkins, Charlie Banana USA LLC, ConvaTec Inc., Earth’s best (The Hain Celestial Group, Inc.), ECOABLE, Seventh Generation, Inc., Flip Diapers (Cotton Babies, Inc.), Fujian Hengan Group Ltd., Fujian Yifa Healthcare Products Co., Ltd., GeffenBaby.com, GroVia, Hengan International Group, Medline Industries Inc., Mega Soft (Fujian) Hygiene Products Co., Ltd., and Naty AB among others.

Rare Earth Metals Market Is Set to Experience Revolutionary Growth by 2031

As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global rare earth metals market is poised to witness steady growth at around 6% CAGR, exceeding the market valuation of US$ 3,818.8 Mn between the forecast period 2021 and 2031.

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Growing consumer preference towards electronic vehicles and rapid expansion of the automotive and electronic industry are emerging as chief factors augmenting the growth of the rare earth metals market.

Presence of high-growth potential industries including consumer goods and renewable energy in developed countries such as the U.S., the U.K., and Germany will propel sales in the market.

Permanent magnets used in wind turbines are produced from rare earth metals such as dysprosium and neodymium. Considering this, a steady expansion of wind turbine installations worldwide will create conducive environment for rare earth metals sales.

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Besides this, the market will continue gaining from application in manufacturing batteries installed in electric vehicles. With electric and hybrid vehicles sales forecast to gain momentum in the coming years, the demand for rare earth metals with consistently rise.

Rising digitization and urbanization in developing countries such as China, India, and South Korea is boosting the demand for consumer electronics, which in turn is fostering sales of rare earth metals.

As per FMI, Asia Pacific excluding Japan will continue exhibiting high growth within the global market. Within the region, the Neodymium segment is likely to gain remarkable 270 basis points by 2026 in comparison to that of 2016.

China, trailed by India, will emerge as the dominant market for rare earth metals in Asia Pacific. The continued surge in mining activities, besides expansion of electronics and automotive sectors will support growth in the country.

Key Takeaways from FMI’s Rare Earth Metals Market Study
  • Neodymium will emerge as the most preferred metal type throughout the forecast period.
  • Permanent magnets will dominate the application-type segment.
  • The U.S. will exhibit high demand due to rapid expansion of automotive and renewable energy industries.
  • China will lead the rare earth metals market owing to the presence of major players and increasing production of consumer electronics.
  • The U.K. will experience steady growth, which is attributable to increasing demand by various end-use industries.
  • South Korea and Japan will account for nearly 14% of the market share.

“Companies operating in the market are adopting sustainable mining policies to gain competitive edge. Besides this, they are seeking approval from international organizations to aid capacity expansion,” says the FMI analyst. 

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Competitive Landscape

China Northern Rare Earth (Group) High-Tech Co., Ltd., Rising Nonferrous Metals Share Co., Ltd., Lynas Corporation, China Minmetals Corporation Limited, and Aluminium Corporation of China Limited are some leading players operating in the rare earth metals market.

Key strategies being incorporated by manufacturers include emphasis on sustainable mining practices, research, and development regarding efficient use of metals, industry-grade machinery installations, and expansion of procurement facilities. For instance:

  • In December 2019, Lynas Corporation joined hands with Kalgoorlie Boulder, based out of Australia, to open a new processing plant for processing materials mined from the nearby Mt Weld lanthanide deposits.
  • In June 2021, Arafura Resources Ltd., received approval and a Letter of Support from the Northern Australian Infrastructure Facility (NAIF) for the inclusion of its Nolan NdPr sites as a statutory defined area of North Australia, enhancing the sustainable mining practices in the region.

Paper Packaging Market is estimated to expand at a CAGR of 4.1% during the forecast period

The global paper packaging market is estimated to expand at a CAGR of 4.1% during the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in this report.

The report includes a market research study on the global paper packaging market, which includes market assessment and trend analysis of different packaging types such as corrugated boxes, cartons, wrapping paper, inserts & dividers, bottle & cup carriers, cups & trays, clamshells, display packaging, bags & sacks, and tapes & labels.

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Expanding Ecommerce Sector to Further Drive Paper Packaging Market 

Future Market Insights suggests that the growing consumption of packaged food and consumer goods will boost the demand for paper packaging in the coming years. Suitability of corrugated boxes, cartons, and paper bags to pack a large variety of products from different end-use industries such as electrical & electronics, food & beverages, healthcare, homecare, building & construction, and tobacco, will create enormous growth opportunities in the global paper packaging market. Considering the high-growth opportunities arising from the e-commerce industry and a large number of packaging applications of paper packaging formats, most of the manufacturers of paper packaging solutions in the developed, as well as in developing economies, are planning to expand their production capacities.

Manufacturers are developing paper packaging formats that are biodegradable and eco-friendly. Many paper packaging experts and consumer product companies are focusing on green packaging. Modern retail penetration is expected to boost the demand for paper bags. Due to the demand for sustainable packaging, paper packaging manufacturers are increasingly using recyclable raw materials. Sustainable packaging plays a key role in maintaining the shelf life of the product along with decreasing the negative impact of plastic and chemical packaging on the environment.

Manufacturers and consumers are constantly looking for environmentally-friendly, sustainable, and easy-to-reuse packaging products. Lightweight paper packaging is captivating the attention of various industries through its numerous benefits. Many industries are witnessing advanced benefits with the adoption of lightweight paper packaging and several paper packaging format manufacturers are embracing it, as paper packaging can reduce energy and overall costs during production, as well as transportation, apart from its primary benefits such as lightweight and recycling efficiency.

The paper packaging manufacturing process involves multiple stages, which range from designing, layout, die cutting, to waste recovery. The process requires machinery and equipment for emission control, cooking, pulp storage, and other such processes. Installation costs incurred by paper packaging manufacturers are quite significant and highly expensive. Moreover, the operation costs for running such paper packaging machinery and equipment are also considerably high, which continues to hamper the market growth, particularly in countries that are facing energy shortfall, such as Russia, Poland, and other countries in Europe.

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Key Segment

On the basis of material type

  • corrugated board
  • specialty paper
  • box-board/carton board
  • Kraft papers
  • molded pulp

On the basis of packaging type

  • corrugated boxes
  • cartons
  • wrapping paper
  • inserts & dividers
  • bottle & cup carriers
  • cups & trays
  • clamshell
  • display packaging
  • bags & sacks
  • tapes & labels

On the basis of level of packaging

  • primary
  • secondary
  • tertiary packaging

On the basis of end-use

  • food, beverages
  • tobacco packaging
  • healthcare packaging
  • personal care & cosmetics
  • homecare & toiletries
  • electrical & electronics
  • industrial packaging
  • E-Commerce
  • chemicals & fertilizers packaging

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The paper packaging market in the South Asian region is fragmented in nature with the presence of medium to large number of local players in the market. India represents the highest market value share in the South Asia paper packaging market and is expected to continue its dominance throughout the forecast period.

South Asia’s paper packaging market represents the highest CAGR in terms of value. The South Asia paper packaging market is expected to expand at a CAGR of 5.9% over the forecast period. Key players operating in the global paper packaging market include Smurfit Kappa Group Plc, Napco National Paper Products Company, Billerudkorsnas, International Paper Company, WestRock Company, Georgia Pacific LLC, Pratt Industries, Inc., DS Smith Packaging Limited, Stora Enso Oyj, and Mondi Group Plc among others, which have been covered in the strategic developments section of the report.

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Demand for Sodium Silicate Witnessing a Thrust from Accentuating Need for Eco-friendly Raw Materials, Finds FMI in a New Study

Global sodium silicate market will grow gradually at 3% CAGR between 2019 and 2029. Sodium Silicate products will witness an uptake in sales on the back of eco-friendly properties of the compound. Market players are innovating end-use applications that cater to the need for viable alternatives of conventional adhesives, binders, and cleaning agents.

Sodium silicate manufacturers can earn profitable revenues by leveraging opportunities presented by prevalence of environment efficient rubber tires, wastewater treatment, and soil stabilization. Market players are developing products for untapped industries such as welding, agriculture, and food.

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Key Takeaway of Sodium Silicate Market Study

  • Sodium Silicate market is valued at US$ 5.6 Bn in 2018 growing at a lackluster CAGR during the forecast period.
  • Asia Pacific (APAC) holds a major market share with more than 53% of the total market value. India, a developing economy in APAC is expected to grow at a promising 5% CAGR from 2019 to 2029.
  • Amid resurgent infrastructure industry and growing demand for green-alternatives, demand from the US will grow at an astounding 12% CAGR through the end of 2029.

Developing economies such as India, Indonesia, and South Korea are investing in infrastructure development. Sodium silicate is an ideal binder for sustainable construction practices. Market players must leverage this opportunity and procure profitable revenues for the forecast period.

sodium silicate market share analysis by region pr

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Infrastructure Impels Future Demand Growth

Major manufacturers of sodium silicate are involved in research and development of products, mergers, acquisitions, and expansion of global footprint via strategic stakeholder partnerships. APAC reigns supreme with share-wide dominance, attributable to surge in demand for end-use industry products that employ sodium silicate such as rubber tires, water treatment, and construction. North America offers lucrative growth opportunities where the US exhibits a double digit 12% CAGR during the forecast period.

Recovering infrastructure in the US propels regional growth during the forecast period. European countries such as Germany is driven by increasing demand for compound in pulp & paper, healthcare, and elastomer filler for rubber tires. Emerging economies in Latin America and MEA are following the footsteps of early adopters with infrastructure development and proactive environmental consciousness.

More About the Report

FMI’s study offers an in-depth market forecast and analysis on the global sodium silicate market. Major categories encompassed by the report include application type (detergents, catalyst, pulp & paper, elastomers, food & healthcare, & others), across five regions (Asia Pacific, Europe, Middle East & Africa, Latin America and North America).

For more information on how the market growth will unfold over the following years, write to press@futuremarketinsights.com 

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Transport Cases and Boxes Demand from Defense Sector Continues to Grow: FMI

ESOMAR-certified firm Future Market Insights (FMI) has recently published an all-encompassing study on the global transport cases and boxes market, estimating it to expanding at a growth rate exceeding 3% in 2021. Demand is largely stimulated by prolific advancements in military spending and burgeoning developments across the global shipping industry.

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Furthermore, opportunities also abound across the chemical industry, with prolific advancements in manufacturing and packaging technologies pushed by increasing concerns regarding safe and secure transportation of hazardous material. Until 2019, the chemical industry reached US$ 69.3 Mn, with UK emerging at the forefront. Hence, manufacturers are increasing their presence across Western European countries, especially, UK, Germany, and France.

In addition, the automotive market is welcoming prominent transport cases and boxes manufacturers with open arms, with tremendous potential exhibited by the electric vehicles (EV) segment. Future Market Insights projects the automotive transport cases demand to aggrandize at nearly 4% until 2021, being valued at nearly US$ 150 Mn. With electric car sales surpassing the 2 million mark in 2019, prospects appear extremely bright in the next five years. Hence, demand for robust packaging solutions for electric vehicle equipment is witnessing a credible rise, prompting the entry of key transport cases and boxes players.

Key Takeaways

  • By carrying capacity, demand for below 20 kg to remain dominant, registering 5.7 million unit sales by 2021-end
  • High durability and resistance to wear and tear to increase adoption of polyamide transport cases and boxes
  • 3-5 kg transport boxes to account for nearly 40% revenue in 2021 by case weight
  • Extensive uptake anticipated across the military segment, followed by the chemical industry
  • Demand for waterproof cases and boxes to proliferate, capturing nearly 75% of the revenue share
  • Global transport cases and boxes market to expand at a value CAGR of 3% through 2030

“Heightening demand for container size standardization combined with concerns regarding environmental sustainability is prompting manufacturers to leverage eco-friendly solutions to enhance their product portfolios,” remarks the FMI analyst.

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Competitive Landscape

The transport cases and boxes landscape is highly competitive, attributed to the presence of a multitude of regional and global level manufacturers. Key players profiled in the transport cases and boxes report include Pelican Products, Inc., PARAT Beteiligungs GmbH, SKB Corporation, Inc., GT Line Srl, bwh Spezialkoffer GmbH, Plastica Panaro S.r.l., Thermodyne International Ltd., C.H. Ellis Company, Inc., Plasticase Inc., Gator Cases Inc., GMOHLING Transportgeräte GmbH, Cases By Source, Inc., Procases Inc., and Shell-Case Design Ltd. among others.

In August 2020, bwh Spezialkoffer introduced the ALUshape presentation cases for prominent aluminum roofing manufacturers. Likewise, in September 2020, the company unveiled its SAFEDI event box, which is individually manufactured case suitable for transporting mobile charging and power supply equipment.

In November 2020, Pelican BioThermal doled out a series of deep freezer containers of temperatures ranging between -80 degrees to -20 degrees Celsius for pharmaceutical companies to disburse COVID-19 vaccines once they receive approval from the respective countries’ regulatory authorities.

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More Insights on FMI’s Transport Cases and Boxes Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global transport cases and boxes, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the transport cases and boxes on the basis of material type (plastic, metal, leather & others), carrying capacity (less than 20 kg, 20-50kg, 50-100 kg, 100-150 kg & 150 kg & above), end-use (military equipment, photography & music equipment, medical and fire safety equipment, measuring & communication equipment, electronics & semiconductor components, automotive & mechanical parts, chemicals, biotechnology and others), case weight (< 3 kg, 3-5 kg, 5-10 kg, 10-15 kg and > 15 kg) and waterproof feature (waterproof & non-waterproof) across seven major regions.

Stainless Steel Market Is Anticipated To Reach US$ 193.97 Bn By The End Of 2031

Stainless steel market is anticipated to reach US$ 193.97 Bn by the end of 2031 owing to the increasing demand from various industries. As per a study by Future Market Insights (FMI), the growing demand for corrosion resistant material, with high tensile strength material in various sectors such as chemical industries, petrochemicals industries, food and beverage industries, oil & gas, automotive sector, construction industry and many others is anticipated to augment the growth of the stainless steel market in the coming years.

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Also the use of stainless steel is rising in the production of home appliances, cookware, and cutlery, which is expected to continue enabling sales in the market. Austenitic stainless steel is estimated to remain the top-selling stainless steel owing to its application in chemical industry, equipment and storage tanks manufacturing, in mining and chemical equipment, in pharmaceutical equipment, and in cookware and cutlery. According to the report, more than 77% of stainless steel sold in 2021 will belong from this category.

Key Takeaways of Global Stainless Steel Market Study

  • The global stainless steel market is estimated to expand at a CAGR of 5.5% during the forecast period of 2021-2031
  • Presence of well-established industries and expansion of power plants sealed America’s dominance, enabling the U.S. represent over 86% of North America stainless steel market in 2021
  • Expansion of building and construction sectors will drive sales in Germany and France
  • The U.K. will remain a key market, exhibiting 4.4% y-o-y growth in 2021 after a brief period of negative sales
  • Backed by increasing production of stainless steel, China will remain dominant in East Asia

“Companies operating in the stainless steel market are focusing on capacity expansion. A trend which will continue through the assessment period, enabling growth in the stainless steel market,” said an analyst at FMI.

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Growing demand from various end use sectors is projected to boost the Stainless Steel market significantly during the forecast period 2021-2031. China, U.S., and Japan are anticipated to remain prominent countries in the market of stainless steel, owing to presence of various end-use sectors and excellent production capacity of stainless steel.

However, owing to the pandemic impact in the year 2020, stainless steel market is expected to witness a significant downfall in the growth due to the disruption in the supply chain and decrease in demand. However, post the pandemic crisis, the market is anticipated to grow with a significant growth rate over the forecast period.

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Who is Winning?

The global stainless steel market has been identified as a significantly fragmented market along with organized sectors occupying a fair share of the overall market. Some of the key market participants which are included in the report are ArcelorMittal, Nippon Steel and Sumitomo Metal Corporation, POSCO, JFE Steel Corporation, AK Steel, Thyssenkrupp AG, Hyundai Steel Co., Ltd., Outokumpu, Acerinox, Yieh United Steel Corp., Baosteel Group, Aperam, Jindal Stainless Limited, Gerdau, and Vallourec.

Technical Textiles Market to Witness a Healthy Growth by 2031

The technical textiles market will register positive growth with the overall valuation forecast to surpass US$ 183 Bn in 2021. The market’s worth will increase at a compound annual growth rate (CAGR) of 4.60% between 2021 and 2031. Global sales are expected to rise at 4.7% with shipments reaching nearly 37,872 KT in 2021, following a period tepid growth in 2020.

3M, DuPont, Arville, Milliken and Company, and Freudenberg & Co. KG have been identified as the leading market players. Future Market Insights (FMI) has estimated these companies to account for nearly 20% to 30% of the global market share in 2021.

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Key Points Covered in Technical textiles Market Study
  • Market estimates and forecast 2021 – 2031
  • Key drivers and restrains impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competitive Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact On Technical Textiles Market
  • Recommendation on Key Winning Strategies
2016 – 2020 Global Technical textiles Market Compared to Sales Forecast for 2021 – 2031

Technical textile market registered growth at a robust pace between 2021 and 2031. Increasing adoption of technical textiles in agriculture and farming activities to boost the crop yield and modernization in farming methods have bolstered the prospects of the technical textile market growth.

The demand for technical textiles rose significantly during COVID-19 pandemic. Sales uptick registered can be attributed to increasing demand of medical grade masks in hospital and other healthcare centers.

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Category-wise Insights
Which Technical Textiles Type Is Experiencing High Demand?

By application type, mobiltech textiles are expected to exhibit tremendous growth in upcoming years owing to rise in manufacturing and sales of automotives across the globe. Technical textiles are used in manufacturing air bags, seat belts, seating upholstery, tire cords & linear, and others owing to high durability and wear resistance offered by these textiles.

Government mandating the installation of airbags in the automobiles and stringent rules regarding the usage of seat belts and increasing consumer spending on high quality and durable seating upholstery will drive the demand for mobiltech textiles in upcoming years.

Why is Non-Woven Based Production Process Most Preferred in Technical Textile Market?

By process, the non-woven segment will continue to lead the technical textile market growth during the forecast period. Non-woven process is preferred over composite and other process as it is cheaper than other process and improves properties of individual properties of natural fiber or synthetic fiber, which ultimately enhances the performance of textile material.

The non-woven textiles have better cushioning and absorbency, making them an ideal material for automotive application. High strength and softness are desired in sportswear manufacturing, thus driving the demand for non-woven textiles.

Competitive Landscape

Leading market players are focusing on scaling up their investments R&D to innovate their product offering while simultaneously participate in strategic merger and acquisitions to gain maximum market share, says FMI.

In November 2020, Duvaltex in collaboration with Steelcase developed new ocean waste clean impact textiles™ technology, which turns marine plastic waste into surface fabric with full traceability.  “Intersection” is the first ocean waste clean impact textiles™ and is available in 17 different colors and applicable on more than 50 Steelcase screen and panel product lines.

In March 2019, 3M launched its new sustainable insulation material “Thinsulate insulation” for fashion and clothing industry, made from 100% recycled fabric and plastics. This product is expected to reduce the carbon footprint of fashion industry.

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Key Segments Covered in Technical textiles Market Study:

Application:

  • Agrotech
  • Buildtech
  • Hometech
  • Indutech
  • Sportech
  • Packtech
  • Mobiltech
  • Meditech
  • Clothtech
  • Geotech
  • Protech
  • Oekotech

Process:

  • Nonwoven
  • Composites
  • Others

Region:

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

Body Armor Market to Reach ~US$ 3,231 Mn by 2029, Soft Body Armor to Fuel the Market, says FMI

The global body armor market size is expected to reach ~US$ 3,231 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~5.2% between 2019 and 2029. According to the report, rapid escalation on boarder line, ensuring soldier survivability, and cross-border terrorist insurgencies are the major factors that drive the requirement of body armor products in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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It includes in-depth insights into the body armor market. Some of these are:

  • The estimated value of the market was at ~US$ 1,946 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Regionally, North America dominates the body armor market globally.
  • East Asia emerges as one of key markets owing to increasing focus on defense and ensuring safety of soldiers in the country.
  • The level II segment body armors are expected to expand at highest CAGR owing to surge in demand in the law enforcement application segment.
  • The composite ceramics segment dominated the market in 2019 in terms of revenue.
  • Key players are likely to focus on new product innovation such as developing lightweight and hi-tech bodysuits for delivering enhanced performance, comfort, and flexibility.
body armor market regional analysis

Soft Body Armor to Uplift the Market Scale

Soft body armor are the most preferred body armor among private security guards and policemen where flexibility and comfortable movement are of paramount importance. Advancement in technology, and growing security concern of guards, & policemen have pushed the market for lightweight body armor which is found as soft body armor. Technological innovations and modernization initiatives prompt security agencies and military forces to opt for the latest equipment. Moreover, flexibility and lightweight feature of soft body armor pushes the market further for higher usage.

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Composite Ceramics Segment to Dominate the Market

The composite ceramic material of body armor are considered to hold the major market share in 2019 owing to its high usage in body armor. The composite ceramic material perform well in resistance of ballistic attack. Moreover, it is lightweight which gives the user of flexible movement and thus known for high performance material type.

Who is Winning?

Some of the leading players operating in the body armor market are BAE Systems; Aegis Engineering Ltd.; AR500 Armor; Craig International Ballistics Pty Ltd.; Ceradyne, Inc.; Hellweg International; Point Blank Enterprises, Inc.; Kejo Limited Company; Ballistic Body Armor Pty; Pacific Safety Products; and Safariland, LLC etc. As a result of increasing competition, companies are focusing on expanding their product portfolio with new innovation. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

  • At present, industry players are focusing on developing lightweight, high performance body armor. Technological advancement such as liquid armor technology, using para-aramid material, CORDURA® technology boost the body armor manufacturers to innovate new products.

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Natural Cosmetics Market for men is expected to remain strong going forward.

According to a recently published business intelligence report by Future Market Insights (FMI), the global natural cosmetics market was valued over US$ 36 Bn in 2019. Rising awareness about the side effects of chemical-based beauty products and the trend of ‘green beauty’ are encouraging manufacturers to increase the production of natural cosmetics to target and retain a large segment of consumers.

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Tata’s Natural Alchemy, LLC and Henkel AG & Company, KGaA are amongst the top companies introducing all chemical-free products in their portfolio, as consumers’ inclination towards cosmetics with natural, safer ingredients intensifies.

Natural Cosmetics for Male Consumers to Gain Traction in Future

Modern men are taking a keen interest in caring for their skin. A rising number of men are inclining towards personal grooming and boosting greater self-confidence by looking good. In recent times, men are no longer limiting themselves to only shaving products and deodorants and becoming a habitual user of skin and personal care products.

The organic and vegan beauty movement is also playing an important role in building male consumer base. Additionally, chemical-free skincare products are finding greater resonance among young men who choose to align themselves with renowned brands. This, in turn, is expected to fuel the demand for natural cosmetics for male consumers.

Key Takeaways – Natural Cosmetics Market Study 

  • In comparison with demand in commercial spaces such as salons & spa, household consumption of natural cosmetics remain on higher side. Adoption of natural cosmetics in households accounts for approximately 2/3rd of the market revenue.
  • As per the FMI’s study, hair care and skincare natural cosmetics account for more than 50% of the total sales. Growing demand for these traditional products with organic and plant-based ingredients is expected to complement the market growth.
  • In 2019, sales of unisex natural cosmetics held over 1/4th of the total revenue. On the contrary, natural cosmetics for men are expected to witness higher demand over the forecast period.
  • Sales of natural cosmetics through wholesalers or distributors continue to account for high share of the global market value.
  • In order to strengthen their distribution network and increase consumer base, manufacturers are directing their sales towards convenience store and hypermarkets/supermarkets.
  • Distribution via online stores is expected to gain tremendous popularity in the near future.

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Europe Captures Major Market Share

Over the forecast period, Europe will continue to hold a significant share in the global natural cosmetics market. European Union has set up a sophisticated legislative framework for players to enter the natural cosmetics market. It assures that products sold in the EU market should fulfil the required standards.

In addition, European consumers widely prefer natural and plant-based products as the region support sustainability, which, in turn, is fueling the market growth. Demand will remain concentrated in Germany, Spain, France, Italy, and the UK and the presence of a larger distribution network with various sales channels will continue to attract new consumers.

More Valuable Insights

FMI’s report on the natural cosmetics market is segmented into five major sections-

Product

  • Skincare
  • Haircare
  • Fragrance
  • Toiletries

Application

  • Male
  • Female
  • Unisex
  • Baby

End-use

  • Personal care
  • Salon & spa

Sales Region

  • Hypermarket/Supermarket
  • Online Stores
  • Convenience Stores
  • Specialty Stores
  • Wholesale/Distributors
  • Club Stores

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And region to help readers understand and evaluate lucrative opportunities in the global natural cosmetics market.

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Hand Tools Market Latest Advancements and Business Opportunities 2027

The proliferation of do-it-yourself (DIY) culture owing to the rising labor costs in developed countries such as the UK, U.S., and Germany is anticipated to play a pivotal role in increasing the demand for hand tools. A study by Future Market Insights (FMI) has predicted the global hand tools market to reach  ~US$ 25.6 Bn by the end of 2031, growing at a CAGR of 3.9% over the forecast years (2021-2031).

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Customers have been increasingly adopting self-help approaches to modify and repair their homes. Furthermore, the primary factor driving the growth of the hand tool market is the increasing use of hand tools in the automotive industry for repair & maintenance purposes. Moreover, the increase in the use of hand tools in industrial applications is another driver of overall hand tools market growth.  As per FMI, the industrial segment will account for over 60% of hand tools sales through the course of the report’s forecast period.

Key Takeaways of Hand Tools Market Study
  • After recording negative growth in 2020 amid COVID-19, 2021 will be a year of recovery for the market, as it is forecast to exhibit over 3% Y-o-Y growth
  • The U.S. will remain a highly lucrative market, accounting for 80% of hand tools sold in North America
  • Within Europe, the U.K. will emerge as an important market, exhibiting a little above 3% Y-o-Y growth in 2021
  • Germany and France also will record consistently rising demand for hand tools through the forecast period
  • South Korea and Japan will emerge as attractive markets for sales in East Asia

“The hand tools market has been exhibiting consistent growth, despite temporary lull witnessed amid COVID-19. Factors such as the rapidly growing urbanization in developing economies and the adoption of technologically sound and innovative hand tools have been encouraging market players to focus on innovations. Moreover, increase in practice of DIY activities is expected to create positive prospects for hand tools market growth over the forecast period,” said a lead analyst at FMI.

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According to FMI, the market for hand tools is growing primarily due to the versatile features of hand tools such as the reduced size of the tool kit, maintenance & weight, and the increasing preference for multiple tools for multiple applications across various industries. Increasing customer preference towards DIY activities to surge the hand tools market globally.

Furthermore, high cost of maintenance and repair services for auto parts has created an urge among customers to execute do-it-yourself activities on their vehicles for short-term maintenance & repair. This has provided the manufacturers tremendous potential to manufacture hand tools and launch new & innovative products in the market.

Who is winning?

The hand tools market is a very competitive owing to presence of large number of small and medium sized manufacturers in the market. Leading manufacturers are gradually concentrating on positioning innovative technologies to design hand tools to improve the operating efficiency of commercial and industrial facilities. There is a fair amount of emphasis on innovation. Businesses functional in the hand tools market seek strategic collaborations with regional end-users and distributors to meet the needs of a growing consumer base.

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Some of the leading players operating in the market are Stanley Black & Decker, Inc., Snap-on Incorporated, IDEAL INDUSTRIES, INC., Apex Tool Group, KLEIN TOOLS INC., Emerson Electric Co., Akar Tools Limited, Channellock, Inc., JK Files (India) Limited, Kennametal Inc., Wera Tools