Partner Relationship Management Market: Notable Developments & Geographical Outlook

Growing dependence on outside sales channels and external distribution networks across various industries in the b2b environment is the key factor propelling the growth of global partner relationship management market. Partner Relationship Management (PRM) is an application software used to optimise the process for reaching customers through indirect sales channels such as resellers, distributors, brokers, agents and other service partners. Partner Relationship Management (PRM) software is used to define the strategies and methodology for managing relationships between vendors and their channel partners.

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Partner Relationship Management (PRM) software enables the organizations to streamline and customize the business processes throughout their distribution network, by integrating various functionalities, which includes partner requirement, partner on boarding, partner adoption, partner training, partner program management, business plans, channel marketing, channel sales, certification management and business strategy.

Global Partner Relationship Management Market: Market Dynamics

Growing need to control the functional relationship between the organization & external partner channels, and continuous investment by various organizations to enhance partner communication &  to reduce the channel management costs, are the factors increases the demand for partner relationship management (PRM) software globally. Additionally, rising need to provide real-time information, visibility and access to organization’s business strategy, channel plans, new product offerings, and promotional contents across various sales channels, partners, retailers and vendors, accelerates the growth of partner relationship management (PRM) software globally. Also, growing importance to measure the performance of promotional incentives, individual & overall partner performance and sales performance across various channels, further fuels the growth of global partner relationship management market.

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Global Partner Relationship Management Market: Regional Outlook

North America is expected to dominate the market due to continuous investment on effective partner coordination solutions and the presence of major partner relationship management solution providers in the region. Asia pacific is identified as the fastest growing market due changing demand patterns and increasing digital initiatives to enhance the partner relationship.

Global Partner Relationship Management Market: Competition Landscape

The key vendors in the global partner relationship management market, include salesforce.com, inc., Oracle, Impartner Software, NetSuite Inc., Apttus Corporation, PartnerPath, Pegasystems, Entomo, Inc., bpm’online, Bitrix24 and Gorilla Toolz.

The report covers exhaustive analysis on:

  • Global Partner Relationship Management Market Segments
  • Global Partner Relationship Management Market Dynamics
  • Historical Actual Market Size, 2013 – 2015
  • Global Partner Relationship Management Market Size & Forecast 2016 to 2026
  • Supply & Demand Value Chain
  • Global Partner Relationship Management Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Global Partner Relationship Management Market Drivers and Restraints

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Regional analysis for Global Partner Relationship Management Market includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Compostable & Biodegradable Refuse Bags Market to Hit $20.29 Billion by 2027: Says FMI

In the pharmaceutical industry, counterfeiting has emerged as a major concern for manufacturers and consumers.
Given this,  anti-counterfeiting technologies such as barcodes,  labels and tags are attracting attention among manufacturers. According to a recent report by Future Market Insights (FMI), driven by technological advancements,  pharmaceutical plastic bottle  sales will grow at a CAGR of 10.3% between 2021 and 2031. The market is expected to reach a value of over $79 billion in 2031.

The increasing number of cases of child poisoning due to accidental ingestion of pharmaceuticals has helped introduce child-resistant packaging solutions. These products are typically available in two-piece push-and-turn technology for bottle closures.

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Currently, most promising drugs are available in children’s packaging, which has a major impact on sales of pharmaceutical plastic bottles. There is a constant need for innovation among industry players to sustain itself in an extremely competitive market.

For example,  the introduction of RFID to replace traditional barcodes  aims to increase the convenience of tracking and tracking products. QR codes are the newest addition to the pharmaceutical bottle industry, where they are used for multiple purposes, such as displaying detailed product information, tracking products through the supply chain, or as a means of maintaining logs in pharmacies.

Innovations that increase the utilization of recycled materials are also accelerating in the market. These innovations and technological advances are contributing to progress.

For example, in January 2020, Gerresheimer AG  announced that it would provide customized rigid plastic packaging solutions, including pharmaceutical plastic bottles made from BIO-PET and  R-PET .

Key highlights of the Pharmaceutical Plastic Bottles Market study:

  • Demand for plastic bottles for ophthalmic/nasal formulations will increase to 12.7% during 2021-2031, driven by increased application of corticosteroid drugs.
  • Polyethylene terephthalate (PET)  is expected to account for a dominant share of 30.8% in 2031 as a result of regulations and restrictions on the use of plastics.
  • Bottles with a capacity of less than 100ml are projected to increase the opportunity to $28.1 billion over the next five years.
  • The US will account for more than 82% of the North American market in 2021. However, the country is likely to lose its share of value to active Canadian industries by the end of 2031.
  • China and India will remain lucrative markets due to their large patient populations and investments from the local pharmaceutical industry.

“Pharmaceutical plastic bottles are a relatively economical, lightweight and convenient packaging solution compared to pharmaceutical glass bottles. These products are gaining popularity among manufacturers and consumers. Consumers often choose plastic bottles to avoid the risk of breakage. These factors are expected to drive demand through 2031,” said an FMI analyst.

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Impact of COVID-19 on Pharmaceutical Plastic Bottle Market

The ongoing COVID-19 pandemic has had a negative impact on the packaging industry. Any losses incurred may be due to logistical restrictions and worldwide imposed closures.

Production output has declined due to reduced production capacity and delayed supplies of raw materials. Manufacturers in the pharmaceutical plastic bottle industry have struggled to meet the sudden increasing demand in the market.

With continued easing and unlocking of transport restrictions, the market is expected to grow steadily through 2021 and beyond.

Who is the winner?

Tier 3 players in the pharmaceutical plastic bottle market account for 75-85% of the overall value share. The major players contribute 15-25% of the global market. Strategies related to capacity expansion and investment in product development will gain attention from the industry.

Berry Global Inc.  , Amcor Plc,  ALPLA Werke Alwin Lehner GmbH & Co KG  is a leading player operating in the pharmaceutical plastic bottle market. Additionally, AptarGroup, Inc., O. Berk Company, LLC, Alpha Packaging Holdings, Inc., Comar, LLC are some of the notable players in the pharmaceutical plastic bottle market.

Kegs Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI

 

The worldwide consumption of steel kegs for shipment and storage of beer is anticipated to remain high. The use of kegs as a reliable, cost-effective and appropriate for fermented beverages, furthermore ensuring preservation of organoleptic characteristics and original taste. FMI, in its recent study, stated that the COVID-19 outbreak has impact the market adversely, however, recovery is likely to commence in late 2021.

“Sustained demand for cooking oil remains a key revenue generator for the global kegs market.“ states the FMI analyst.

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Kegs Market – Important Highlights

The global kegs market will surpass US$ 1.67 billion in revenues by 2028-end. Western Europe will remain highly lucrative over the forecast period, due to steady sales in Italy, France and Germany. Alcoholic beverages end use category is anticipated to drive sales in the global market. Steel kegs account for majority of market share

Kegs Market – Drivers

Growing demand for cooking oil is likely to positively impact the market over the forecast period. Increasing demand for premium products such as draught and craft variants is creating opportunities Increasing preference towards flavored alcoholic beverages is projected to benefit the market Legislative regulations backing reduced weight limits appropriate of packaging, will spur adoption of kegs.

Kegs Market – Restraints

Non-return, improper handling or damage of kegs continues to be a challenge for market players Few licensed establishments allowed to install kegs limits opportunities

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COVID-19 Impact on Kegs Market

Although, the market witnessed an increase in sales, on the onset of the pandemic. Players sopped up surplus sales from COVID-19-fueled stockpiling, followed by lost business from operational constraints and closed dining rooms. FMI in its report states that the market is gradually anticipated to pick up pace by the end of 2021 or by 2022 Q1.

Competitive Landscape

Petainer UK Holdings Ltd., Ardagh Group S.A, NDL Keg Inc, AMERICAN KEG COMPANY., Ningbo BestFriends Beverage Containers Co. Ltd, Shinhan Industrial Co, Ltd, Schaefer Container Systems, Blefa GmbH, Julius Kleemann GmbH & Co KG and The Metal Drum Company are a few of the leading market players operating in the kegs market. Market players are focusing on merger and acquisition, collaboration, and partnership to extend their regional presence. Growing number of activities imply that the players working in the global kegs market account for remarkable expansion prospects in the years ahead.

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About the Study

The study offers readers a comprehensive assessment of the kegs market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights according to material (plastic, tin and stainless steel), capacity (up to 20 litre, 20 litre to 40 litre, 40 litre to 60 litre and above 60 litre), end use (alcoholic beverages [beer, wine, spirits and cider], non- alcoholic beverages[soft drinks, RTD beverages, juices and others], cooking oil, chemicals and others), across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

Table Of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Opportunity

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

3. Market Background

3.1. Porter’s Analysis

3.2. PESTLE Analysis

3.3. Macro-Economic Factors

3.4. Value Chain

3.5. Opportunity Analysis

4. Market Forecast

4.1. Market Volume Projections

4.2. Pricing Analysis

4.3. Market Value and Y-o-Y Growth

4.4. Absolute $ Opportunity Analysis

Braille Labels Market Has Witnessed A Strong Growth In The Last Few Years Due To Growing Urbanization And Increasing Literacy Rates

 

Braille Labels Market Overview

With the advent of modernization, the technology has evolved so far to overcome the challenges faced by the differently abled people. Some of the companies in the packaging industry also introduced few packaging solutions that help them to recognize products readily. Braille label is an example of such product which allows blinds people to read text with the help of their fingertips. Also, these labels are used to produce custom stickers which are used for different applications.

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Braille labels are clear, blank self-adhesive labels applied to labels items such as household appliances, canned foods, greeting cards, books, and CDs. These labels also find its application in pharmaceutical packaging. Packaging industry is witnessing a strong growth through the introduction of new products with high technological advancements in the last few years. Use of braille labels has evolved to be used as standard packaging product on several products in the healthcare, household, and paper industry.

Braille Labels Market: Market Dynamics

Braille labels market has witnessed a strong growth in the last few years due to growing urbanization and increasing literacy rates in the developing countries. Companies are also introducing products with braille labels on it. For e.g. a wine company, M. Chapoutier, based in France incorporated braille labels on its wine bottles to make it easier for the blind people to shop wine conveniently. Some researchers indicates that the world’s blind population will increase three-fold from about 35 million today to approximately 110 million in 2050 which is a significant rise in the next few decades.

This will create the high demand for the braille labels in the market. Some of the restraints in the braille labels market is the lower quality of the labels produced by the local manufacturers at higher prices. However, it is expected that the market will soon become fragmented with the rise in number of manufacturers in the market. Braille labels market offers significant opportunities for the new entrants and existing market players to increase the reach of their products to a global level.

Among the end use, pharmaceutical and paper & printing segment is expected to dominate the braille labels market, during the forecast period.

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Braille Labels Market: Regional Overview

On the basis of region, the Braille Labels market is segmented into seven regions which include North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, Middle East & Africa, and Japan. The North America and Europe dominate the market due to high technological advancements in the region with high focus of different end use companies to offer convenient packaging solution to every age group and also to differently abled people.

Also, some rules and regulations in the pharmaceutical industry make pharmaceutical companies to use blind-people friendly packaging solutions on their products. Asia-Pacific, Latin America, and MEA also offer untapped growth potential in the braille labels market. However, Japan already has high penetration of convenient and user-friendly packaging solutions such as braille labels.

Braille Labels Market: Market Players

Some of the key players in the Braille Labels market are American Thermoform Corporation, APH, Inc., LS&S, LLC, Pia – Accessible Printing Solutions, Rath Microtech, Quantum Technology Pty Ltd, Awards USA, Aspect Labelling Limited, Romer Etikett GmbH & Co KG, CCL Label GmbH, and Sleever International Company.

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

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Braille Labels Market: Market Segmentation:

Braille Labels Market Segmentation: By Material Type

[*]Plastic
[*]PET
[*]PE
[*]Others
[*]Paper

Among the material type, plastic material is widely used for the production of braille labels in the market.

Braille Labels Market Segmentation: By Application

[*]Bottles & Jars
[*]Books & Envelopes
[*]Cans
[*]Household Appliances
[*]Others

Braille Labels Market Segmentation: By End Use

[*]Pharmaceutical
[*]Paper & Printing
[*]Household
[*]Food & Beverages
[*]Others

2 Piece Cans Market 2022 Industry Research, Segmentation, Key Players Analysis And Forecast To 2027

2 Piece Cans Market Overview

Cans are used to contain a variety of products including beverages, aerosol products, paints, foods and many other products. The cans used for storing food and beverages are generally made up of metals such as aluminum and steel. The two basic types of cans are manufactured today, namely – 2 piece cans and 3 piece cans.

2 piece cans  are made by forming a cup-shaped container with one piece of steel or aluminum. It can be produced by two manufacturing processes including draw-redraw process & draw-and-iron process. 2 piece cans were developed as a replacement for 3 piece cans. It has various advantages over 3 piece cans. 2 piece aluminum and steel cans have only one seam around the top end.

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It is noticeable that 2 piece cans would eliminate long seam and a double seam and thus impede two sources of potential leakage. 2 piece requires up to 15% less material compared to 3 piece cans. And 2 piece cans provides much safer packaging solutions compared to 3 piece cans as the technology used for packaging drinks in 2 piece cans non-toxic, odorless and rust preventive.

Market Dynamics: 2 Piece Cans Market

Consumers use cans for a variety of purposes, it is the most widely used containers worldwide. It is estimated that about more than 100 million cans are consumed each day within US only. The can manufacturing process has changed remarkably since its beginning. The labor-intensive industries some years ago, now have been replaced by automated means, and produces billions of cans per year.

Raw materials and energy accounts for the largest share of the variable 2 piece can production. Also, the prices of aluminum and steel plates, sheets readily change. With the surge of import and export of steel since last decades, the cost of steel has dropped. It creates an opportunity for the manufacturers looking forward to investing in the 2 piece cans production. Also, 2 piece cans have various advantages over other types of cans, some of the benefits are

  • The body has no seam between the body and has no side seam, and it allows to be tightly sealed with low consumption of raw materials.
  • The 2 piece can body can be entirely printed and decorated.
  • The process of manufacturing is easy and efficient.

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Also, these 2 piece cans are hermetically sealed containers designed to keep food inside fresh in texture and button. These factors are expected to drive the growth of global 2 piece cans market over the forecast period.

Research Methodology: 2 Piece Cans Market

The sources which have been used to validate the estimated market size include annual reports of key market players, industry journals & magazines, research papers, and other relevant data available in the public domain. Primary sources referred include focused discussions with C level executives, distributors, independent consultants, and key industry experts, among others.

Facts about Can Recycling:

Among materials which are used for the manufacturing of 2 piece cans, aluminum is expected to be the most sustainable package. Aluminum cans have a higher recycling rate and it has more recycled content than other competing packaging types. The below exhibit represents the advantage of aluminum over other beverage packaging types and comparative analysis on the basis of recycling rate.

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Companies operating in the 2 piece cans market:

Tier 1 Companies in 2 piece cans market, revenue above US $ 100 Mn:

  • Ardagh Group
  • Ball Corporation
  • Silgan Containers LLC
  • Crown Holdings Inc.

Tier 2 Companies 2 piece cans market, between US $ 50 Mn – US $ 100 Mn:

  • Pacific Can China Holdings Limited
  • Helvetia Packaging
  • Nampak
  • Bway Corporation
  • DS Containers
  • ITW sexton
  • Metal Packaging Europe
  • Anheuser-Busch Inc.

Tier 3 Companies 2 piece cans market, revenue below US $ 50 Mn:

  • Royal Can Industries Company Limited
  • Baosteel Co. Ltd.
  • Scan Holdings
  • Daiwa Can Company
  • Rocky Mountain Metal Container
  • Touo Seikan Co. Ltd.
  • Rocky Mountain Metal Container
  • Brothers Leonhardt GmbH & Co.

Some facts and figures:

  • In Japan, the market share for the 2 piece can is more than 80%, and is continuously growing. The demand for the 3 piece cans have been declining as the end user industries are looking for light weight can in order to cut down costs.
  • During the last decade, the production capacity of 2 piece cans in Korea was 5 billion cans, a 95% share in the beverage can market. Over the past years, the demand for 2 piece cans among the beverage suppliers has increased enormously.

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

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market size
  • Supply & Demand
  • Current trends / issues / challenges
  • Competition & Companies involved
  • Technology
  • Value chain

Regional analysis includes:

  • North America (US, Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, UK, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Segmentation:

The 2 piece cans market has been segmented on the basis of material used, manufacturing process used, application and end use industry.

On the basis of material used, the global 2 piece cans market has been segmented as:

[*] Aluminum
[*] Steel

On the basis of manufacturing process used, the global 2 piece cans market has been segmented as:

[*] Draw-redraw process
[*] Draw-and-iron process

On the basis of application, the global 2 piece cans market has been segmented as:

[*] Food & beverages
[*] Spices
[*] Paints
[*] Brewery
[*] Aerosols
[*] Other products

On the basis of end use industry, the global 2 piece cans market has been segmented as:

[* ] Food & beverage industry
[*] Paint & coating industry
[*] Consumer goods
[*] Others

Soft Drinks Concentrate Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Soft drinks are beverages containing distilled water, sweetening agents, and flavoring agents. The sweetening agent used may be sugar, sweetener, high-fructose corn syrup, or any other sweet enhancing substance. Soft drinks may contain caffeine, coloring agents, preservatives, and other additives depending on the type the manufacturing industry is trying to produce. For instance, a coloring agent is added to Coca-Cola’s coke to give it the dark color seen.

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Water accounts for about 80% of the entire content in soft drinks. The water used raises the weight of soft drinks, thereby causing an increase in transportation cost. To avoid or reduce this expense problem, the ingredients used in producing soft drinks are processed into concentrates.

Soft drinks concentrate on sugar, coloring agent, flavors, and maybe stabilizer or fruit concentrates with a little amount of purified water. In the food and beverage industry, the global soft drinks concentrate market has grown significantly due to the ease of operation and availability of soft drinks varieties. As the trend towards the consumption of convenience food increases, the soft drinks concentrate market will witness tremendous growth during the forecast period and beyond

Soft Drinks Concentrate Market Growth Driver

As the population size of consumers increases, the global soft drinks market expands. This is the primary factor fueling the growth of the industry. Consumers’ preference for quality food products with high nutritional value has spurred the market growth. Key players in the industry are focusing on innovative products that attract consumers toward the consumption of their products, and this is expected to improve the sales of soft drinks globally.

The increasing variety of soft drinks concentrate has fostered the acceleration in the growth of the market. The soft drinks market is driven by consumers’ demand for processed food products without giving regards to the taste or nutritional value contained in the product. In addition, growing consumers’ awareness of the health benefits associated with soft drinks, concentrates, has further fostered the growth of the market. This is slated to continue over the forecast period.

Furthermore, changing consumers’ lifestyles, coupled with increasing demand in the food and beverage sector, has augmented the global market demand. The rise in the number of consumers has significantly impacted the growth of the soft drinks concentrate market.

With the rise in consumers’ demand for healthy food products, the global soft drinks concentrate market is expected to witness significant growth during the forecast period. Increasing the per capita income of people in developed and developing countries is also slated to augment the demand for beverages. This will accelerate the growth of the global soft drinks concentration market over the foreseeable period.

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Soft Drinks Concentrate Market Restraint

Since soft drink concentrate contains caffeine, increasing awareness among consumers regarding the negative impact of caffeine products is expected to hamper the market’s growth. Consumers might have to switch to the consumption of non-coke concentrates, which will foster the decline in the growth of the global soft drink concentrate market.

Soft Drinks Concentrate Market: Region-wise Analysis

Geographically, Europe dominates the global soft drinks concentrate market due to the rising population of consumers within the region. Germany is the major contributor in terms of market volume in Europe. The Asia Pacific is predicted to be the fastest-growing region for the global soft drinks market with countries like China, India, Japan, and Korea acting as growth drivers. Increasing disposable income of consumers in these countries is expected to facilitate the growth of the industry in this region.

Soft Drinks Concentrate Market: Competitive Landscape

  • Beverage Corp.
  • PepsiCo Inc.
  • the Coca-Cola Company
  • Cott Corporation
  • Dohler Group
  • Kraft Foods
  • Dr Pepper Snapple Group, Inc

Region-wise Analysis

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Medical Nitroglycerin Sprays Market Key Players – Perrigo Company Plc., Evus Health Solutions LLC., G. Pohl-Boskamp GmbH & Co. and Akrimax Pharmaceuticals LLC.

In a recent study, Future Market Insights (FMI) has forecast the medical nitroglycerin spray market to record consistent growth between 2020 and 2030. The report also projects the market to reach a valuation of US$147.3 Mn by the end of 2030.

Rising prevalence of cardiovascular ailments around the world have led to significant developments in cardiac treatments. Among those, heightening adoption of nitroglycerin sprays is touted as one of the most renowned treatment approaches.

Coronary heart disease is among the leading causes of morbidity and fatality amongst heart patients. This disease is the leading cause of angina pectoris, or acute chest pain, caused due to blockage of arteries. To offset the discomfort, adoption of nitroglycerin sprays is rising significantly.

A significant proportion of the global heart ailment population remain undiagnosed for angina pectoris. According to FMI, this undiagnosed population base is what would possible heighten growth prospects for the market across the upcoming forecast decade.

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Key Takeaways from the Medical Nitroglycerin Sprays Study

  • North America touted to retain market hegemony, capturing over two-fifths of the revenue share
  • Prophylaxis of angina pectoris to remain the dominant segment, expanding steadily at 4.1% CAGR from 2020-2030
  • By distribution channel, online pharmacy sales are poised to witness credible expansion owing to the pandemic and deepening digital literacy
  • 90 metered sprays/bottle dose capacity to remain the most preferred option, registering an index of 1.4
  • Global medical nitroglycerin sprays market is likely to expand steadily, registering a CAGR of 4.2%

“Continued innovations in product development to roll out effective therapeutic options for angina pectoris treatment characterize vendors’ principal expansion strategies,” concludes the FMI analyst.

medical nitroglycerin sprays market

COVID-19 Impact Insights

The COVID-19 pandemic has had detrimental impacts on the world at large, bringing in massive revenue shortfalls and reduced profit margins. A long-term economic recession is likely to be perpetuated for the forthcoming years.

With regard to nitroglycerin sprays, the market is expected to decelerate in the professional caregiving sector, attributed to shifting priorities towards the pandemic’s eradication. Therefore, elective surgeries for cardiac diseases are being postponed, leading to limited uptake of nitroglycerin sprays.

This deferment of elective cardiovascular surgeries is prompting patients to opt for homecare alternatives. Consequently, oral and sublingual administration of nitroglycerin sprays has been rising steadily to prevent acute angina attacks.

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Competitive Intelligence

The global medical nitroglycerin sprays market is highly consolidated, with the presence of four prominent players:

  • Perrigo Company Plc.,
  • Evus Health Solutions LLC., G.
  • Pohl-Boskamp GmbH & Co. and
  • Akrimax Pharmaceuticals LLC.

These players primarily concentrate on portfolio strengthening by introducing new products into the market.

For instance, in September 2020, Perrigo Company Inc. introduced the store brand equivalent of Voltaren® Arthritis Pain Reliever in over-the-counter pharmacy stores. It is the first abbreviated new drug application (ANDA) to receive U.S FDA approval.

In 2006, Evus Health Solutions received clearance from the FDA to launch the NitroMist® Nitroglycerin Lingual Aerosol Spray. The device is a nitrate vasodilator indicated for acute relief of an attack or acute prophylaxis of angina pectoris. This 400 mcg per spray is available in 230 metered or 90 metered sprays per container.

G-Pohl-Boskamp GmbH & Co. is one of Germany’s most successful independent pharmaceutical producers. Its product portfolio includes a range of products for several chronic conditions. In this case, the company manufactures the Nitrolingual Pumpspray available in 60 and 200 metered sprays per container.

More Insights on the Medical Nitroglycerin Sprays Market

Future Market Insights provides an unbiased global industry analysis (2015-2019) and opportunity assessment (2020-2030) on the medical nitroglycerin sprays market. The report provides compelling insights on basis of application (prophylaxis of angina pectoris & acute relief of attack (treatment)), dose capacity (60 metered spray/bottle, 90 metered sprays/bottle, 200 metered sprays/bottle, 230 metered sprays/bottle), and distribution channel (hospital pharmacies, retail pharmacies and online pharmacies) across seven major regions.

Medical Nitroglycerin Sprays Market- Segmental Overview

Application

  • Prophylaxis of Angina Pectoris
  • Acute Relief of Attack (Treatment)

Dose Capacity

  • 60 metered sprays/bottle
  • 90 metered sprays/bottle
  • 200 metered sprays/bottle
  • 230 metered sprays/bottle

Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

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Region

  • North America (U.S & Canada)
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
  • Europe (Germany, Italy, France, U.K, Spain, BENELUX, Russia & Rest of Europe)
  • East Asia (China, Japan & South Korea)
  • South Asia (India, Thailand, Indonesia, Malaysia & Rest of South Asia)
  • Oceania (Australia & New Zealand)
  • Middle East & Africa (GCC, South Africa, Northern Africa & Rest of MEA)

Twisted Handle Bags Is Anticipated To Expand At A Lucrative CAGR Over Forecast Period

 

Twisted Handle Bags – Market Outlook

Twisted handle bags are made of kraft paper, which can be brown kraft or white kraft. The twisted handle attached with the bag diffrentiates these bags from rest of the paper bags. Twisted handle is attached by using glue. Twisted handle bags are widely used in retail sector for shopping and promotional activities. These bags are also used by consumers to carry meals and carry food parcels from restaurents. Meals-to-go bag, restaurant carryout bags, shopping bags and wine and spirit bags are the major types of twisted handle bags used in the market.

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Meals-to-go bags are used to carry ready meals by consumers, where meals can be consumed on-the-go. Changing consumer lifestyle in emerging economies is pushing the demand for these bags. Growing number of restaurent chains and food service outlets is driving the demand for restaurent carryout bags, which are very convinient to carry the food and consume on-the-go.

Twisted handle bags market has many major manufacturers, which are constantly striving to launch innovative and efficient twisted handle bags for end use industries such as food & beverages and retail. Shopping bags are the fastest growing and dominating bags among all the twisted handle bag types by application. According a report published by Deloitte, global retail sales of packaged foods is going to reach approximately US$ 3.0 trillion, by 2020.

The main drivers influencing the demand for twisted handle bags are strong retail sector outlook in developed regions, increasing preference for paper bags as replacement for plastic counterparts and growing penetration of retail outlets in emerging economies. The major trends driving the market include rapid penetration of ecommerce leading to high demand for alternative corrugated packaging solutions, and rising demand for environmental friendly packaging products.

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Global Twisted Handle Bags Market: Research Methodology

The above figure shows comprehensive research methodology to estimate the market size of global twisted handle bags market. The methodology follows a sequential process of estimating the global paper bags market. Estimating the penetration of twisted handle bags in overall global paper market. Estimation of twisted handle paper bags market share by geographical region and end use application. Estimating the regionwise weighted average selling price by material type.

Global Twisted Handle Bags market: Key Players

Some of the key players operating in the global twisted handle bags market are – The Mondi Group plc., Smurfit Kappa Group, International Paper Company, Novolex Holdings, Inc., Ronpak, Welton Bibby and Baron Limited, JohnPac Inc., El Dorado Packaging, Inc., Langston Companies, Inc., United Bags, Inc., Genpak Flexible, Paperbags Limited, Global-Pak, Inc., York Paper Company Limited, FORM BAGS S.p.A., IntaBag Limited, JinDian Packaging, May Sun Jieh Enterprise Co., Ltd., PapeR FactorY (Bangalore, India), Qingdao SunnyMay Packaging &.Trading Co.,Ltd., American Paper Bag (U.S.) and others.

Key Developments:

  • May 2018, British paper company Mondi to acquire Finnish corrugated case materials maker Powerflute
  • May 2018, Mondi group Plc, to expand its Stambolijski mill in Bulgaria.
  • May 2018, WestRock Co. plans an investment in its manufacturing operation in Lanett that will surge the facility’s competitiveness and position in the region
  • May 2018, WestRock Co. buys major Kentucky MRF, which is a recycling facility and handle approximately 9,000 tons per month of material.

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

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The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Twisted Handle Bags market: Segmentation

The global twisted handle bags market has been segmented as follows –

On the basis of thickness, the global twisted handle bags market has been segmented as –

Companion Animal Vaccines Market End-User Demand by Types, Regions, Top Players, Service Provides, Regional Outlook and Forecast to 2029

Remarkable increase in the companion animal ownership and strong growth of development of the veterinary healthcare infrastructure collectively push the sales of companion animal vaccines in global market. Surpassing the revenues worth US$ 2.5 Bn in 2018, global companion animal vaccines market is projected to exhibit a robust CAGR during 2019 – 2029. Measurable rise in the zoonotic disease prevalence will remain a key factor fueling the demand for companion animal vaccines and drugs.

FDA approvals for novel and innovative companion animal vaccines continue to present potential growth opportunities to R&D of companion animal vaccines. For instance, Zoetis received regulatory approval for ProHeart, used for prevention of heartworm diseases caused by Dirofilaria immitis in dogs.

Prominent Players:

  • Bayer Healthcare
  • Vetoquinol S.A.
  • Boehringer Ingelheim
  • Ceva
  • Elanco (Eli Lilly)
  • Heska Co.
  • Merck Animal Health
  • Merial (Sanofi)
  • Virbac and Zoetis (Pfizer).

Key Takeaways – Companion Animal Vaccines Market Study

  • Attenuated live vaccines currently account for more than a third of total market value, and will continue to witness a healthy CAGR through 2029. This demand growth is attributed to their improved effectivity and enhanced long-term preventive action.
  • North America is witnessing lucrative market growth compared to other regions attributed to increase in the adoption rate of companion animals, increase in veterinary healthcare expenditure, and increasing awareness about pet health.
  • Veterinary animal hospitals and clinics offering better service support for animal care are expected to  have  significant market share during the forecast period
  • As large number of people are in close contact with canine animals as a preference for companion animal, demand will be prominent among canine species.

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Increasing R&D Investments to Widen Market Growth Prospects

Elanco, Ceva Sante Animale, Boehringer Ingelheim are among the leading market players in the companion animal vaccines market. These manufacturers continue to dominate the market landscape of companion animal vaccines by investing heavily in R&D activities to develop and launch therapeutic vaccines for prevention and treatment of various animal diseases. Surge in investment for R&D of vaccines, which inhibit the growth of antibiotic-resistant organisms boosts the animal vaccines market growth.

For instance, in August 2018, Elanco invested two-thirds of the budget for food‐animal unit to develop vaccines and reduce the use of antibiotics. Moreover, rise in demand for animal vaccines led to the development of multiple new vaccines. For instance, Cevac IBron a new vaccine was launched by Ceva in February 2017 for prevention against infectious bronchitis virus (IBV) in animals.

Know More About Companion Animal Vaccines Market Report

Future Market Insight brings the comprehensive research report on forecast revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2029. The global companion animal vaccines is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights of the companion animal vaccines market on basis of product type (attenuated live vaccines, conjugated vaccines, inactivated vaccines, subunit vaccines, toxoid vaccines, DNA vaccines, recombinant vaccines), species type (canine, avian, feline) and distribution channel (companion animal hospitals, companion animal hospitals, companion animal research institutes) across seven major regions.

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 Segmented 

Product

  • Attenuated Live Vaccines
  • Conjugate Vaccines
  • Inactivated Vaccines
  • Subunit Vaccines
  • Toxoid Vaccines
  • DNA Vaccines
  • Recombinant Vaccines

Species

  • Canine
  • Avian
  • Feline

Distribution Channel

  • Veterinary Clinics
  • Veterinary  Hospitals
  • Veterinary Research Institutes
  • Retail Pharmacies

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Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East & Africa

Active, Smart, And Intelligent Packaging Market To Touch US$ 43,361.3 Mn By 2027 – Future Market Insights

The global packaging industry has witnessed rapid innovations in the last few years owing to rising consumer preferences for advanced packaging solutions. To cater to frequently changing consumer expectations, manufacturers of packaging products are deploying active, smart, and intelligent packaging solutions to increase product shelf life and offer better value to consumers.

In a new report titled ‘Active, Smart, and Intelligent Packaging Market: Global Industry Analysis (2012 – 2016) & Opportunity Assessment (2017 – 2027),’ Future Market Insights studies the global active, smart, and intelligent packaging market and presents value and volume projections for a 10 year period from 2017 to 2027.The report also presents in-depth insights on the various forces likely to impact market revenue growth in the coming decade. According to the report, the global active, smart, and intelligent packaging market is estimated to be valued at US$ 18,072.6 Mn in 2017 and this is expected to increase to US$ 43,361.3 Mn by the end of 2027, growing at a CAGR of 9.1% over the forecast period.

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Global Active, Smart, and Intelligent Packaging Market: Dynamics

Growth fuelling aspects: Increasing consumer preference for products with longer shelf life and case-ready meals, significant changes in consumer preferences, and a highly regulated and controlled packaging industry is anticipated to boost revenue growth of the global active, smart, and intelligent packaging market.

Revenue inhibiting factors: Strict compliance with stringent packaging laws, absence of appropriate technology, a no ‘positive list’ system, lack of key regulations, and heavy dependence on imports is expected to stifle global market revenue growth over the forecast period.

Future market trends: Increasing mergers and acquisitions, especially in the North America market, introduction of inks capable of responding to temperature changes, and the use of active, smart, and intelligent packaging to tackle the issue of counterfeits is currently trending the global market.

Global Active, Smart, and Intelligent Packaging Market: Forecast by Packaging Type

The global market for active, smart, and intelligent packaging is segmented on the basis of packaging type into Active Packaging (O2 Scavenging Sachets, MAP) and Smart & Intelligent Packaging (TTI Labels, Freshness Indicators, RFID Tags). The Active Packaging segment is expected to grow by almost 2X times over the forecast period, with an estimated value share of more than 65% by the end of 2027. This segment is expected to represent the highest incremental opportunity of US$ 17,111.9 Mn over the forecast period.

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Global Active, Smart, and Intelligent Packaging Market: Forecast by Application

The global active, smart, and intelligent packaging market is segmented on the basis of application into Food & Beverage (Meat, Poultry & Seafood, Fruits & Vegetables, Dairy Products, Bakery & Confectionary, Processed Food, Others), Pharmaceuticals, Cosmetics, and Others. The Food & Beverage segment is expected to be the largest, with an estimated market share of just under 45% by the end of the forecast period in 2027. The Food & Beverage segment is expected to expand by 2.5X times by the end of forecast period.

Global Active, Smart, and Intelligent Packaging Market: Forecast by Region

The global active, smart, and intelligent packaging market is distributed across the key geographies of North America, Western Europe, Eastern Europe, Latin America, Asia Pacific Excluding Japan, Japan, and the Middle East and Africa. North America and Western Europe currently lead the global market in terms of market share, both regions holding about 25% value share each of the global market as on date.

However, North America is expected to beat Western Europe towards the close of 2027 with a market share of just under 26%, while Western Europe will account for 21% value share by the end of the forecast period. APEJ is likely to emerge a surprise contender for second position in the global market by the end of 2027, closely behind Western Europe. The APEJ regional market will witness a massive increase of 550 basis points in market share in 2027 over 2017.

Global Active, Smart, and Intelligent Packaging Market: Competitive Intelligence

The report profiles some of the leading players in the global active, smart, and intelligent packaging market the likes of PakSense, Inc., Landec Corporation, Sealed Air Corporation, Bemis Company, Inc., Crown Holdings, Inc., Amcor Limited, 3M Company, Timestrip UK Ltd., Cryolog S.A., Vitsab International AB, Varcode, Ltd., LCR Hallcrest LLC, Thin Film Electronics ASA, CCL Industries Inc., Temptime Corporation, Multisorb Technologies, Inc., and Coveris Holdings S.A.

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