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Steel drums have emerged as preferred rigid packaging solutions as they are increasingly used for transporting hazardous and non-hazardous material. According to a study by Future Market Insights (FMI), the steel drums market is forecast to register steady growth on the back of increasing applications in industries such as chemicals, food & beverages, petroleum & lubricants, healthcare & personal care, building & construction, paints, inks, & dyes, and others. Driven by this, the steel drums market is forecast to reach nearly US$ 11. 4 Bn by 2021.

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Steel Drum Market Landscape :
Greif Inc., Mauser Packaging Solution, and SCHÜTZ GmbH & Co. KGaA are the top players operating in the steel drum market. Furthermore, Time Technoplast Ltd., Balmer Lawrie & Co. Limited, Nippon Steel Drums Co. Ltd., are some of the companies operating in the steel drum market. The Tier 3 players in the market hold 75-80% in the global steel drum market.

Growth forecast for the market remains positive in response to the consistently rising demand for safe & secure and cost-effectiveness solutions. Steel drums are often preferred for transporting chemicals because they are environmentally friendly, fire resistance, and have various other advantages. Considering the availability, steel drums are available in two different materials, stainless steel and carbon steel. Of these, carbon steel is preferred more.

“Companies operating in the market are focusing on improving designs of steel drums to make them more light-weight, efficient, and cost-effective. Also they are focusing on expanding footprint via strategic collaborations,” says an FMI analyst.

Over the past few years, the steel drum is gaining popularity among various end-use industries especially for storage and transportation of liquid materials as it offers safe and secure packaging solution. Also, rising concerns about sustainability is creating growth opportunities. Future Market Insights forecasts the market to continue growing at a positive rate between 2021 and 2031.

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Key Takeaways from Steel Drum Market:
Driven by rising demand for effective packaging solutions, steel drums market will rise at 5% CAGR between 2021 and 2031

Within the U.S., the chemicals industry will account for maximum sales of steel drums

Moderate growth is likely in the U.K. market, driven by increasing application in chemicals and petroleum & lubricants industries

Germany and France will remain highly lucrative markets for steel drums within Europe

Exceptional growth is likely in China, as demand continues increasing across diverse industries including chemicals, paints, inks & dyes, and petroleum & lubricants sectors

Steel Drum Market by Category-

Capacity:
55 Gallon Steel Drum
Other than 55 Gallon Steel Drum

Head Type:
Tight Head Steel Drum
Open Head Steel Drum

Material:
Carbon Steel
Stainless Steel

End-Use:
Chemicals
Petroleum & Lubricants
Paints, Inks, & Dyes
Food & Beverages

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Rise in Demand for Steel Drum in Chemical Sector Augmenting Sales :
The demand for steel drums in the chemical industry is rising due to the changing way of industrial packaging solution by pooling and leasing the containers and drums. The standards for using steel drums are set by various countries and various regulations such as the U.S. Department of Transportation (DOT), United Nations regulations. Majorly the steel drums are used by the chemical industry to store and transport hazardous and non-hazardous materials.

Also, the steel drum offers high safety and easy warehousing benefit which bolster their demand in the chemical industry. The steel drum is highly used for liquid chemicals in the global industrial packaging market. The chemical segment is expected to hold more than 35% of the steel drums market and estimated to witness faster-growing demand in the next five years, owing to favourable transportation regulations and international trad

Cell Harvesting Systems Market: Drivers and Restraints

Cell Harvesting Systems Market are witnessing maximum growth owing to increase bone marrow transplantation procedures attributed to high prevalence of blood cancer and anemia. Moreover, improving healthcare expenditure, survival rate after treatment, increasing investment in logistic services, expansion bone marrow transplant registry for heart along with neuronal disorders and growing per capita healthcare expenditure. However, high cost of cumbersome treatment, lack of reimbursement policies, immunological rejection, viable cell density, and identification of stem cells in adult tissues, and complications during cell harvesting and inadequate number of HSCs cells for transplantation is a major barrier to the cell harvesting systems market.

Cell harvesting is a technique of collecting stem cells for regenerate, transplant or repair the damaged organ with healthy functioning ones. Cell harvesting is considered as an important step in biopharmaceutical manufacturing industry that can directly affect the product quality and related downstream processes. Stem cells harvesting helps in treating with diseases namely cancers, blood disorders, immune deficiency diseases and various injuries. This therapy is also beneficial for burn victims which help them in grafting new skin cells as a replacement for damaged ones. Many companies are focusing on regeneration of myocardial tissue by injection of cell graft consist of adult stem cells from the patients for manufacturing regenerating medicines. For the treatment of eye diseases new healthy cells are also be grown. For harvesting bone marrow a companies are manufacturing devices with passive flexible drilling unit and suction mechanism which will help in reducing the invasiveness of bone marrow transplantation. Cell harvesting system helps in reducing the invasiveness of bone marrow aspiration from the iliac bone with less punctures. Moreover, helps in reducing procedure time and contamination by T-cells.

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Cell Harvesting Systems Market: Overview

Cell harvesting systems market witnessed substantial growth owing to equipment efficacy and accuracy during stem cells harvest. By application type, bone marrow aspiration is anticipated to hold the major share in the cell harvesting systems market owing to less process error, safe and simple procedure and less side effects. People suffering from Leukemia eligible for bone marrow transplant, is expected to contribute highest share in the global cell harvesting systems market. Cell harvesting systems helps in enhancing proper pigmentation in scar reconstruction which encourage companies for continuous technology advancement in both cell isolation techniques and downstream purification processes.

Cell Harvesting Systems Market: Region-wise Outlook

Depending on geographic region, cell harvesting systems marketis segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific dominates the cell harvesting systems marketfollowed by Europe, Japan and North America owing to high concentration of bone marrow stem cells harvesting centers and registries along with skilled doctors for the process of harvesting stem cells in these regions. Asia Pacific, Middle East and Africa hold huge potential and shows substantial growth in terms of wide acceptance of new technologyowing to awareness among population, increasing healthcare expenditure along with high number of potential candidate for the procedure.

Cell Harvesting Systems Market: Key Players

Key players of cell harvesting systems market are PerkinElmer Inc. Tomtec, Bertin Technologies, TERUMO BCT, INC., hynoDent AG, Avita Medical, Argos Technologies, Inc., SP Scienceware, Teleflex Incorporated., Arthrex, Inc., Thomas Scientific, BRAND GMBH

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 categories such as market segments, geographies, types, technology, material and applications.

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The report covers exhaustive 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, Argentina)
• Western Europe (Germany, Italy, U.K, Spain, France, Nordic, Rest of Western Europe)
• Eastern Europe (Russia, Poland)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. 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.

Cell Harvesting Systems Market: Segmentation

The cell harvesting systems market has been classified on the basis of techniques, application and end user.

Based on techniques, the cell harvesting systems market is segmented into the following:

• Altered Nuclear Transfer
• Blastomere Extraction

Based on application, the cell harvesting systems market is segmented into the following:

• Bone Marrow
• Peripheral Blood
• Umbilical Cord Blood
• Adipose Tissue

Based on end-user, the cell harvesting systems market is segmented into the following:

• Research Centers
• Academics Institutes
• Diagnostic Labs
• Hospitals

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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

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This Seizure Detection Devices market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Seizure Detection Devices market.

Seizure is a medical condition in which the normal nerve cell activities in the brain is disturbed. The basic treatments include the application of sedatives, anticonvulsant, barbiturates or combination therapy with anti-epileptic drugs. The causes pertaining to the seizures include metabolic activities, structural changes, side-effect of current medication, infections, and exposure to stress.  The commonly utilized seizure detection devices include EEG machine, implanted advisory system devices, electromyography machine, Magnetic resonance imaging (MRI) device, Computed tomography device and other novel devices available in the market.

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The seizures if untreated gives rise to epileptic conditions causing nausea, vomiting and loss of coordination. The seizure detection devices help in diagnosis, monitoring the onset as well as some devices are capable of integrated dose delivery mechanism. The conventional EEG devices are becoming so compact to be used as sensors, watches and headphones as well as implantable for detecting and monitoring the onset of the condition preventing from the fatal conditions.

Seizure Detection Devices Market: Drivers and Restraints

The increasing awareness of mental health and increasing target patient population is one of the most important factors, which will favour the growth of seizure detection devices market. Increasing population with severe paediatric ailments coupled with encephalitis is also expected to increase the growth of seizure detection devices market. Technological advancement leading to the development of new and advanced portable products, is expected to boost the growth of seizure detection devices market. There are new and advanced seizure detection devices which are being introduced in the market and can increase the growth of the market at a significant rate owing to the feature of remote continuous monitoring. Other factors such as R&D spending, M&As, contract manufacturing of devices, increasing number of fast track approvals from United States FDA for devices and more availability of conventional EEGs in hospitals in emerging markets is expected to boost the growth in various regions for seizure detection devices market.

Apart from drivers, there are a few factors, which can decrease the growth of seizure detection devices market. Factors such as product recall and stringent regulations in some emerging market pertaining to the price capping can hinder the growth of seizure detection devices market.

Seizure Detection Devices Market: Overview

Based on the product type, the seizure detection devices have been segmented into conventional EEG devices and wearable EEG devices. Conventional EEG seizure detection devices are expected to hold the maximum revenue share in the seizure detection devices market. Based on the technology, vagus nerve stimulation based seizure detection devices are attracting more funding from investors to capitalize continuous monitoring applications. Based on end user, the seizure detection devices market has been segmented into hospitals, specialty clinics, pharmacies and others. Hospitals are expected to hold the maximum revenue share in the seizure detection devices market due to increasing availability in the emerging markets.

Seizure Detection Devices Market: Regional Outlook

Geographically, the global seizure detection devices market is segmented into viz. North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA. North America is expected to be a dominant market in the global seizure detection devices market because of the presence of well-established healthcare infrastructure and availability of advanced healthcare facilities. The Asia Pacific is expected to hold a significant growth rate of seizure detection devices market. The seizure detection devices market in the Asia Pacific is expected to grow at a significant CAGR due to the presence of a large population with prevalence. Europe is also expected to hold a large revenue share in the seizure detection devices market owing to the increasing adoption of treatments and increasing healthcare awareness.

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Seizure Detection Devices Market: Key Players

There are few key players operating in the seizure detection devices market including Compumedics, Koninklijke Philips N.V., Medtronic PLC, Natus Medical Incorporated., Nihon Kohden Corporation., LivaNova Plc., St. Jude Medical, Inc., Boston Scientific Corporation, Empatica Inc., Emotiv and NeuroPace, Inc.

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.

The report covers exhaustive analysis on:

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

Regional analysis includes

• North America (U.S., Canada)
• Latin America ( Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
• Europe (Germany, Italy, UK, Spain, France, Russia, Belgium, Netherlands, Luxemburg, Norway, Denmark, Iceland, Sweden, Poland, Ukraine, Czech Rep, Rest of Europe)
• Asia Pacific Excluding Japan (India, Australia & New Zealand, Greater China, S. Korea, ASEAN Countries, Rest of APEJ)
• Japan
• CIS & Russia
• Middle East and Africa (GCC, Turkey, Iran, Israel, South Africa, Rest Of MEA)

Seizure Detection Devices Market: Segmentation

Tentatively, the global Seizure Detection Devices market can be segmented on the basis of the product, end user, and geography.

Based on the product type, the global seizure detection devices market is segmented as:

• Conventional seizure detection devices
• Wearable seizure detection devices
• Implantable seizure detection devices

Based on the technology, the global seizure detection devices market is segmented as:

• Vagus nerve stimulation based seizure detection devices
• Responsive neurostimulation based seizure detection devices
• Deep Brain stimulation based seizure detection devices
• Accelerometry based seizure detection devices

Based on end user, the global seizure detection devices market is segmented as:

• Hospitals
• Specialty Clinics
• Pharmacies
• Others

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Report Highlights:

• Detailed overview of parent Epilepsy Detection Devices market
• Changing market dynamics in the industry
• In-depth Seizure Detection Devices segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint.

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

Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
​United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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Website: https://www.futuremarketinsights.com

Bagasse tableware products were valued at ~US$1.7 billion in 2018, according to a new study by Future Market Insights (FMI). According to the report, the  Bagasse Tableware Market   is projected to expand at a CAGR of ~6% during the forecast period 2019-2029.

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According to the report, growing interest in sustainable, treeless and renewable resources for tableware manufacturing is expected to drive high demand for bagasse tableware products during the forecast period. Consumer propensity towards green and disposable products is expected to further fill the growth of the market over the next decade.

As the food service industry continues to expand globally, there is a huge demand for bagasse tableware products at the same time. Additionally, as sustainable products with outstanding properties continue to strengthen in the market, they are likely to provide a competitive edge to the bagasse tableware market players.

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Entering a new player in the Southeast Asian Bagasse tableware market

The easy availability of raw materials, economical labor and high growth opportunities are among the factors attracting new players to enter the market. Currently, the bagasse tableware product market is in a growth phase and significant investments are expected to pay off as the demand for eco-friendly tableware increases. The East Asian and South Asian Vargas tableware products market consists of a handful of international and huge local players. Competition among vendors is expected to intensify due to capacity expansion by overseas companies and an increase in local companies. These are ultimately expected to have smart and competitive pricing for the bagasse tableware products of the future.

key segment

product type

Plates, less than 8 inches, 8 inches to 12 inches, more than 12 inches

Food for packaging   , fruits and vegetables, processed food, instant food, soup, etc.

Sales Channel   Indirect sales, department stores and discount stores, hypermarkets/supermarkets, specialty stores, online sales, direct sales

end use

Commercial, Hotel & Cafe, Full Service Restaurant, Quick Service Restaurant, Venue & Catering

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Bagasse tableware products are robust, water-repellent and grease-repellent, offer excellent suitability in extreme temperature ranges, and are fully biodegradable and compostable. These factors are likely to make the product an ideal choice for serving and packaging a variety of hot and cold foods.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services serving clients in more than 150 countries. FMI   is headquartered in Dubai, the global financial capital, with shipping centers in the United States and India. FMI’s latest   market research reports   and industry analysis help companies navigate the challenges and make important decisions with confidence and clarity amid fierce competition. Customized and syndicated market research reports provide actionable insights that drive sustainable growth. FMI’s team of expert-led analysts constantly track new trends and events across a wide range of industries to prepare customers for the evolving needs of consumers.

contact

Mr. Debashish Roy
Unit Number: AU-01-H Gold Tower (AU), Plot Number: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Market Access DMCC Initiative
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P-hydroxybenzoic acid (PHBA) is one of the phenolic derivatives of the benzoic acid. It is also considered as a type of monohydroxybenzoic acid. P-hydroxybenzoic acid (PHBA) occurs naturally and is also manufactured synthetically. It can be produced by reacting potassium phenoxide and carbon dioxide or by reacting potassium salicylate and potassium carbonate, in the presence of heat. These are white crystalline solids with high solubility in organic solvents, such as acetone and alcohols.

P-hydroxybenzoic acid (PHBA) is majorly used in the pharmaceutical industry and for polymer manufacturing. In the pharmaceutical industry, it is used to manufacture anesthetics known as proparacaine and orthocaine. It is also used in the manufacturing of centchroman, a selective estrogen receptor modulator (SERM).P-hydroxybenzoic acid (PHBA) is also used to manufacture antibiotics, such as nifuroxazide. P-hydroxybenzoic acid (PHBA) finds its second major application in fiber or spun manufacturing. These fibers find applications in webbing, gloves, medical devices, sporting goods, ECB and cables & ropes.

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Global p-Hydroxybenzoic Acid (PHBA) Market Dynamics

Market Drivers

High growth in its medical applications has created a rise in demand for P-hydroxybenzoic acid (PHBA). P-hydroxybenzoic acid (PHBA) is used to produce an effective antibiotic for the treatment of diarrhoea. According to UNICEF, diarrhea accounts for around 8% of the total deaths of children under the age of 5. Increasing number of patients of diarrhea is expected to push the market for p-hydroxybenzoic acid (PHBA). High demand for the fibers of p-hydroxybenzoic acid (PHBA) has been observed from the polymer industry. High strength of these fibers makes these fibers suitable for various applications in the industry.

Market Restraints

The global p-hydroxybenzoic acid (PHBA) market has many challenges. High cost and complex manufacturing process of products made from p-hydroxybenzoic acid (PHBA) are two of the most important challenges. Some of the products of p-hydroxybenzoic acid (PHBA) are under the intellectual property of the manufacturers — this is another challenge for the PHBA market.

Environmental regulations are another challenge encountered during the manufacturing of p-hydroxybenzoic acid (PHBA) as safety measures are needed while handling hazardous chemicals used in the manufacturing of p-hydroxybenzoic acid (PHBA). 

Market Trends

Research is underway to develop new products from p-Hydroxybenzoic Acid (PHBA). Also, advancement in its derivatives for uses in various other applications is another observed strategy in the market. New product developments, contracts and agreements are the core strategies being followed in the concerned market.

Global P-Hydroxybenzoic Acid (PHBA) Market: Regional Outlook

The global p-hydroxybenzoic acid (PHBA) market is expected to be leaded by North America and the U.S. is projected to dominate the market in terms consumption of p-hydroxybenzoic acid (PHBA). Increasing applications of liquid crystal polymer (LCP) yarns in various industries is increasing the demand for p-hydroxybenzoic acid (PHBA). This is projected to drive the p-hydroxybenzoic acid (PHBA) market in North America. North America is followed by Asia Pacific in terms of demand for p-hydroxybenzoic acid (PHBA). Asia Pacific is the largest producer of p-hydroxybenzoic acid (PHBA) and is expected to lead in terms of growth in the p-hydroxybenzoic acid (PHBA) market during the forecast period.The growing health care industry and polymer industry in Asia Pacific and other emerging regions will drive the demand for the p-hydroxybenzoic acid (PHBA) during the forecast period. Middle East and Africa is projected to witness moderate demand growth for p-hydroxybenzoic acid (PHBA) during the forecast period.

Global P-Hydroxybenzoic Acid (PHBA) Market Participants    

Some of the market participants identified across the value chain of global p-hydroxybenzoic acid (PHBA) market are:

• Ottokemi
• Panjiva, Inc.
• Labeyond Chemicals Co., Ltd
• Leuna Carboxylation Plant GmbH
• Kuraray America, Inc.
• Kerafast
• Alta Laboratories Ltd
• Zhejiang Shengxiao Chemicals Co.,Ltd.
• Merck KGaA

Theglobal marketresearch 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 global market research report provides analysis and information according to market segments such as geographies, application and industry.

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Global P-Hydroxybenzoic Acid (PHBA) Market Segmentation

On the basis of type, the global p-hydroxybenzoic acid (PHBA) market can be segmented as:

• Bio-based
• Chemical based

On the basis of applications, the global p-hydroxybenzoic acid (PHBA) market can be segmented as:

• Anesthetic
• SERMs
• Antibiotics
• Liquid Crystal Polymer (LCP) Yarn

On the basis of end use, the global p-hydroxybenzoic acid (PHBA) market can be segmented as:

• Pharmaceutical
• Polymer & Textile

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

 

Contact Us:

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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Paper cups are used in food and beverage, household and institutional sectors. Their high utility across the spectrum can be attributed to their low-weight, eco-friendly nature, cost-effectiveness, and high recyclability. According to a Future Market Insights (FMI) report, the market is expected to surpass US$ 9210 Mn in 2021, at a CAGR of 4.5% between 2021 and 2031.

Amidst banning of single use plastics across the globe and growing efforts to eliminate plastic from packaging has led to emergence of paper based packaging items as a feasible solution. This has lead to adoption of paper cups in food service industry over past few years.

Rising establishment of quick service restaurants in emerging economies and adoption of take away culture to suit the need of convenience will drive the paper cups demand during the forecast period.

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Increasing focus on developing recyclable, biodegradable and plastic free cups, high demand for packaged foods and incorporation of disposable products in online food delivery services will further accelerate the market growth.

Presence of fast food giants and rising awareness in western countries regarding harmful effects of plastic has boosted the adoption of paper cups in such region. Market players are emphasizing on penetrating emerging economies of Asia and Africa due to surge in opening of fast food joints, rise in millennial and working population and soaring popularity of dining out in these countries.

Emergence of online food services and adoption of on-the-go services will create opportunities for market growth. Increasing installation of modern vending machines in high crowd locations like railways and airport to provide better consumer experience will positively influence the market growth in upcoming years.

Key Takeaways from FMI’s Paper Cups Market Study

• The U.S. will drive the paper cups market in upcoming years due to establishment of modern food service industries in urban cities of the country. Increase in disposable income of people, and busy lifestyle will further accelerate the market growth.
• Establishment of new fast food joints and coffee and beverage shops in GCC countries will boost the demand for paper cups in the region.
• China will offer lucrative opportunities for paper cups market expansion. Improvements in recycling infrastructure, boosted tourism, and high consumption of tea and coffee will drive the paper cup market growth.
• India paper cups market is forecast to experience substantial demand during the forecast period owing to improved standards of living, changes in consumer lifestyle habits, and ban of single use plastics in the country.
• More than 65% of global paper cups market sales comprises of hot beverage cups owing to increasing demand of on-the-go coffee by millennials.
• Emergence of eating out trend rather than eating home cooked meals will create an absolute dollar of opportunity worth more than US$ 1.4 billion over the forecast period.

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 “Implementation of strict regulations on plastic waste generation WILL drive the sales of paper cups to reduce pollution. Rising demand for disposable and biodegradable packaging to cater to busy lifestyle will boost the paper cups market growth throughout the forecast period,” says the FMI analyst.

Competitive Landscape

Future Market Insight (FMI) explains the recent competitive scenario in the paper cups market along with different strategies employed by manufacturers to gain significant edge.

Key players in the paper cups market are focusing on new product development to gain popularity among end users.

For example, in December 2020, BrandBase introduced the world’s first plastic-free disposable coffee cup called “Jungle Cup” which biodegrades within 12 weeks without any external processing.

In January 2020, Lavazza Professional introduced biodegradable and recyclable cup especially for vending machines.

In July 2019, Huhtamaki announced its new 100% PEFC (Programme for the Endorsement of Forest Certification) certified paperboard made “Bioware Impresso” double walled hot cup as a part of its existing Bioware compostable range.

The report also states that manufacturers are also focusing on the expansion of businesses in the developing markets owing to booming fast food industry in those regions and partnering with new value chain participants to achieve sales growth.

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More Insights On The Global Paper Cups Market

In its latest report, FMI offers an unbiased analysis of the global paper cups market, providing historical data for the period of 2019-2028 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of cup capacity (up to 150 ml, 151 to 350 ml, 351 to 500 ml, and above 500 ml), cup type (hot beverage cups and cold beverage cup), sales channel (supermarkets, distributors, departmental stores, and online sales), end user (food service, institutional, and households), across seven major regions (North America, Latin America, Eastern Europe, Western Europe , Asia Pacific, and Middle East and Africa)