Market Research Blog – Page 13691 – New Product Development

Centrifugal Blood Pump Market Poised to Expand at a Robust Pace | FMI

Future Market Insights (FMI) in a new study has projected that growth outlook for the Centrifugal Blood Pumps Market will remain strong. The market will exhibit 4% Y-o-Y growth in 2021 driven by rising cases of heart ailments recorded worldwide. A centrifugal ECMO pump is compact and delivers adequate volume of blood with relatively high pressure in order to compensate for the large pressure drop in the membrane oxygenator.

Centrifugal pumps show improved blood handling capacity and are energy-efficient. In addition to this, centrifugal pumps are small in size and represent less capital investment and have low maintenance costs. The growing preference for centrifugal blood pumps over roller pumps from hospitals and ambulatory surgical centers due to their various advantages will enable growth in the market in the coming years.

Due to the COVID-19 outbreak health care systems are negatively impacted and delivery of medical facilities effectively to all patients has become a huge challenge worldwide. Medical device manufacturers have not escaped the pandemic’s impact. Similar to pharmaceutical companies, medical device manufacturers rely heavily on healthcare facilities for their clinical trial data collection. The COVID-19 in the first few months of 2020 has imparted a negative impact on the centrifugal blood pumps market. The massive global lockdown, along with the shutting down of the economies such as China has halted the demand and supply activities. Despite this, hospitals are likely to remain leading end users owing to the advanced infrastructure and expenditure and the presence well trained medical staff and advanced facilities.

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Key Takeaways from Centrifugal Blood Pumps Market Study

Growth forecast for centrifugal blood pumps market remains strong as it is projected to exhibit 4% CAGR between 2020 and 2030
U.S. to spearhead growth in North America, accounting over 90% of centrifugal blood pumps sold
U.K. will showcase marginal yet steady growth 2.4% CAGR
Germany and France will continue exhibiting steady rise in demand
JAPAN and Korea to remain strong markets for centrifugal pumps in East Asia

“Companies operating in the market are focusing on research and development initiatives. Investment towards introducing advanced features will continue increasing through forecast period, enabling growth in the market” says the FMI Analyst

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Innovations to Remain Key to Growth

The rising demand for improved cardiac surgery will fuel the demand for centrifugal blood pumps. These pumps have low priming volume and limited contract surfaces, which make their applications ideal for certain conditions. Besides this, companies are increasingly focusing on technological innovations, which has led to the advent of lightweight centrifugal seamless blood pump with unique spherical thrust bearing.

These pumps also show the least blood trauma during cardiac surgery in comparison to other pumps available in the market, including roller pump. Advances in various cardiac assist devices aimed at curbing the incidence of adverse healthcare occurrences will continue creating growth prospects for the market.

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Digital Textile Printing Market Growth Set to Surge Significantly During 2019 – 2029

The global digital textile printing market is anticipated to clock a remarkable CAGR of 17% over 2019-2029, as suggested by a new Future Market Insights (FMI) report. This astonishing market growth is majorly driven by increasing penetration of the printing sector in developing markets such as China, Mexico, and India, and technological advancements that have taken place over time.

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Sales of digitally printed textiles were on a strong upward trajectory until the Covid-19 pandemic struck in 2020. Since then, the market has witnessed tremendous disruptions, some of which continue to endure. The key disruption in 2020 was the abrupt and untimely shutdown of textile manufacturing units due to stringent lockdowns that were enforced in several countries.

Potential Impact of COVID-19

In light of the measurable impact of the COVID-19 pandemic on the printing industry, FMI projects that, industry players will most likely fail to meet their financial targets due to considerable supply chain disturbance, led by reduced customer demand. Alerted by the current market situation, leading players are building essential operational flexibility to survive the pandemic. In addition, the pandemic has triggered implications to digitally transform workplaces in order to better serve end users and thrive over the course of the following years. This crisis will possibly create a fertile ground for potential transformation of the digital textile printing market, as stated by the FMI study.

Signage Market Opening New Doors for Digital Textile Printing Manufacturers

Sign and display printers demand reliable, efficient, and low-cost products. Healthy demand for signs and displays is reinforcing steady market growth for digital textile printing. Outdoor, indoor, wall décor, and event décor are some the fastest-growing segments in the signage market that are using digital textile printing techniques. The aim is to increase sales in response to the rising number of short-run digital print jobs for events, team uniforms, corporate clothing, and others.

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Growing Inclination Towards Digital Textile Printing Designs Creating Opportunities for Designers

Earlier, unique and eye-catchy designs were only used for high fashion clothing that was exposed on the stages on foremost fashion weeks across the globe. But over the last few years, more and more high-fashion brands such as H&M and Zara are joining unique and more outbound designs in their pools.

Digital Textile Printing Market Outlook

The market for digital textile printing is heading towards a growth phase. This is primarily due to a noteworthy surge in demand for silk, polyester clothing with customized printing design. This has created tremendous opportunities in digital textile printing, and whilst new types of applications are pioneered by digital technologies, several traditional textile applications are likely to shift to digital.

Digital décor is a rapidly expanding new market. While posters and wallpaper have been printed for years, décor items such as curtains, drapes, tables, furniture coverings, chairs, etc. are now digitally printed. Not all of these items are to be printed on all kinds of textile material, however, for some aspects of decor for example-curtains is difficult to envision a “hard” substrate. Wallcoverings are likely to be a prominent growth area in this segment; undeniably, the entire segment of digital decor will be foreseeing strong growth.

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Promotional and Marketing Campaigns – Prospective Application Area

End-use industries such as personal care, food & beverages, automotive, and pharmacy are embracing digital textile printing on their sales advertising tools such as shopping points and banners. Sales promotions play an instrumental role in enhancing customer engagement and retention.

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.

Contact

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MARKET ACCESS DMCC Initiative
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Realtime Bioprocess Raman Market Poised to Expand at a Robust Pace | FMI

The benefits of Raman spectroscopy as data processing in real-time has made significant contribution as a diagnostic and control tool for pharmaceutical production and bioprocessing, with scientific and financial benefits demonstrated throughout the product life cycle. This has led to the growth of real-time bioprocess Raman analyzers market. Future Market Insights (FMI) in a new study has forecast real-time bioprocess raman analyzers market to expected to exhibit a CAGR of 14.6% during the forecast period (2020-2030).

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights offers insights about key factors driving demand for real-time bioprocess Raman Analyzers. The report tracks global sales of real-time bioprocess raman analyzers in 15 high-growth markets, where major traction is being witnessed in North America, followed by Europe.

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Leading market players are focusing on mergers and acquisitions with biopharmaceutical industries and contract manufacturing organizations (CMO). This would help them expand their global footprint. Among end-use segments, contract manufacturing organizations are leading the market, which is then followed by biopharmaceutical companies. Contract manufacturing organizations are anticipated to grow at a CAGR of around 15.9% over the forecast period.

Increasing biopharmaceutical production and reduced cost benefits are expected to fuel Real-time bioprocess Raman Analyzers market growth in the coming decade. The digital transformation for data processing in real-time rising investments into R&D and initiative by regulatory bodies to improvise the development and approval process of biopharmaceutical products and fast track the process is has led to the real-time bioprocess Raman Analyzers market growth.

Real-time bioprocess raman analyzers are devices that incorporate Raman spectroscopy as a vibration / optical spectroscopy procedure that provides chemical and physical “molecular fingerprints” for the sample. Raman spectroscopy enables a complete understanding of bioprocess and real-time control of nutrients and metabolites. Raman spectroscopy has a wide range of features due to new technological advances, simple methods of data analysis models, and other Real-time Bioprocess Raman Analyzer applications.

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However, there are few challenges in the real-time bioprocess raman analyzers market like the availability of a skilled workforce which is acting as a restraint in the growth of the market. Lack of information about the product leading to lesser adoption of the Real-time bioprocess Raman Analyzers is acting as a restraint for the market growth.

Key Takeaways from Real-time bioprocess Raman Analyzers Market Study

The global Real-time bioprocess Raman Analyzers market is estimated to surpass US$ 8.7 Mn by 2021
The U,S, will emerge as dominant market in North America, accounting for over 95% of the overall sales
The U.K. will exhibit growth at a positive pace. According to FMI, it is expected to register nearly 20% Y-o-Y growth in 2021
Both Germany and France are expected to emerge as attractive markets for realtime bioprocess raman analyzer in Europe
Within East Asia, China will account for higher share of proceeds gained by the market

“Increasing research and development activities are expected to boost the growth for Real-time bioprocess Raman Analyzers Market. On the other hand, there is a rising demand for quality healthcare and pharmaceuticals. This has been creating significant growth opportunities for key players” says the FMI Analyst

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Competitive Landscape

The global market is set to broaden its scope in the forecast period, driven by the increasing adoption rate of real-time and automated solutions during bioprocessing, advancements in technology, and reduced cost in manufacturing of biopharmaceuticals. However, lack of a skilled workforce and inadequate information about the benefits has constrained the sales of Real-time bioprocess Raman Analyzers.

Some of the key players operating in the market are Kaiser Optical Systems (Endress+Hauser), Resolution Spectra Systems Inc. (Merck KGaA), Tornado Spectral Systems, and Sartorius AG. Leading companies are consolidating their positions through mergers, acquisitions, and collaborations.

Palonosetron Hydrochloride Market Notable Developments & Geographical Outlook

Palonosetron hydrochloride is a hydrochloride salt of carbazole derivative, palonosetron. It is a chemical compound used to prevent and treat chemotherapy induced vomiting and nausea.

Palonosetron hydrochloride works by blocking the action of serotonin in chemoreceptor trigger zone, a zone located on medulla oblongata outside the blood brain barrier. Palonosetron hydrochloride is the most effective antagonist of 5-hydroxytryptamine type 3 receptors which are located in the chemoreceptor trigger zone.

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The most side effects observed of the palonosetron hydrochloride are headaches, constipation together with muscle pain atrioventricular block and sleeplessness. The oral route of administration of palonosetron hydrochloride is considered less effective as compared to the intravenous route of administration.

COVID-19 impact crisis has been unprecedented and has affected all the industries. The global market for palonosetron hydrochloride will also be affected by COVID-19. The effect can be in terms for supply chain disruption, logistical bottlenecks due to uncertain regulatory regimes adopted by various countries to contain the pandemic.

Palonosetron Hydrochloride Market: Drivers and Restraints

The growing incidence of cancer cases worldwide is the major market driver for the global palonosetron hydrochloride market in the forecast period of 2020-2030. Chemotherapy continues to remains the most common treatment for the cancer cases which in turn will boost the global palonosetron hydrochloride market.

There is a general preference for 5-hydroxytryptamine type 3 receptors antagonist drugs as compared to the other type of drugs for treating chemotherapy induced vomiting and nausea. This will consequently result in the growth of the global palonosetron hydrochloride market.

Although chemotherapy is the most sought after treatment for cancer it is very painful and is accompanied by serious side effects. This has encouraged researchers to develop new alternate forms of treatment for cancer. The ongoing research for alternate drugs can thus slow the growth of palonosetron hydrochloride market.

The high costs involved in cancer treatment discourage people from choosing chemotherapy in developing world. This in turn could result in hindrance in growth of the global palonosetron hydrochloride market.

Palonosetron Hydrochloride Market: Overview

The global palonosetron hydrochloride market can be expected to grow steadily because as per the World Health Organization estimates the global death due to cancer are estimated to be 13 million by the end of 2030. Based on the route of administration intravenous segment can be estimated to register a sturdy growth owing to its greater preference among the medical specialists.

Based on the distribution channel the hospital pharmacies can be expected to grow steadily in the global palonosetron hydrochloride market considering the fact that these drugs are administered under medical specialist’s supervision.

Palonosetron Hydrochloride Market: Region-wise Outlook

North America will be the dominant market in the global palonosetron hydrochloride market owing the continuous growing number of cancer cases which are expected to reach 23.6 million by the end of 2030 as per the government estimates.

Europe will be the next lucrative market in the global palonosetron hydrochloride market based on the fact that growing number of people are able to afford cancer treatment in the Western European region. Latin America will the new emerging market in the global palonosetron hydrochloride market as the number of cancer cases are expected to increase by a staggering 67%.

Asia in general will be a very lucrative market in the global palonosetron hydrochloride market owing to its large population density and both South Asia and East Asia have high burden of cancer cases among the total cancer cases in the world.

Palonosetron Hydrochloride Market: Key Players

The key market players operational in the global palonosetron hydrochloride market are

Merck
Wavelength
Farmihispania Group
ALP Pharm
Shanghai Jinhe Bio-Pharmaceutical Co. Ltd.
Tecoland
Qilu Pharmaceutical
Teva api
Novartis
Roche
Heron Therapeutics and Tyche Industries

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

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

Blow Fill Seal (BFS) Technology Market 2021 – Research Activities, Technology Adoption and Industry Statistics Analysis Till 2031

Blow fill seal (BFS) technology is highly sought-after as a preferred packaging solution in pharmaceutical manufacturing. It utilizes a single integrated machine to produce formulated drugs aseptically without any human intervention. According to Future Market Insights (FMI), the BFS technology market is set to reach US$ 2.6 Bn by the end of 2021. Overall growth forecast remains positive for the market, especially as demand for effective packaging technology continues to rise across various industries.

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Unither Pharmaceuticals SAS, Catalent, Inc., Curida AS, Unipharma LLC, Weiler Engineering Inc, GlaxoSmithKline plc, Takeda Pharmaceuticals International AG, Nephron Pharmaceuticals Corporation, Horizon Pharmaceutical Inc, Brevetti Angela S.R.L, Recipharm AB, Laboratorios SALVAT, S.A, The Ritedose Corporation, Unicep Packaging, LLC, Pharmapack Co. Ltd, Amanta Healthcare Ltd., Automatic Liquid Packaging Solutions LLC, Asept Pak, Inc and SIFI Spa are some of the keyplayers in the blow fill seal technology market.

What is the Impact of Research and Development on BFS Technology Market?

The increasing application of blow fill seal technology results into a lesser requirement of labor. Additionally, the technology can help manufacturing companies to reduce a range of facility-related costs. This is made possible because the technology requires a smaller warehouse for storing materials and reduced utility consumption, which involves zero water for injection or washing requirement. The technology is capable of producing a very high equipment-effectiveness that results in a higher output for investment.

By using BFS technology, the plastic is blown, filled with the formulated product and sealed inside the machine continuously without any kind of external contamination. It is a fast, precise, and safe method for pharmaceutical filling and it uses lesser energy. The material used is often recyclable and more durable than glass. The machine is capable of producing different shapes according to the end user’s requirements. As BFS technology increases processing speed and supports contamination free packaging, this technology becomes a first choice of many end users.

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The BFS technology finds application across diverse industries. However, pharmaceutical industry remains its key end user. Main products produced using this technology are the bottles, ampoules, vials and pre-filled syringes, etc. which are used in filling of medicines, vaccines, ophthalmic, respiratory, injectable drugs, wound care, and biologics. Apart from this, BFS technology has applications in food & beverage, cosmetic and personal care, and many other industries.

Blow Fill Seal Technology Aids in Curbing Medical Non Adherence Issues

Over the past two decades, medical adherence has created a very critical situation for healthcare & pharmaceutical industry.

For instance: in USA, according to FMI study, it has been noticed that ~40%-50% of prescribed medications are not taken by the patients appropriately. Along with this, according to a study conducted by the Intercontinental Medical Statistics (IMS) health, it has been noticed that the matter of not taking medicine appropriately at right time is costing patients more than $200 Bn. Why is Blow Fill Seal Technology Gaining Traction?

There has been a rising demand for tailor-made and automated solutions, particularly from the developed countries. North America and Western Europe pharmaceutical industries are highly advanced and have been exhibiting a rising demand for biotechnology-derived drugs as well as new bio manufacturing formats

How is Demand for Unit Dose Packaging Affecting Blow Fill Seal Technology Market Growth?

Pharmaceutical packaging industry is witnessing a shift from conventional packaging types to more advanced pharmaceutical packaging forms. Innovation in packaging that can improve how patients manage their healthcare is also spurring the need for new packaging equipment

Blow fill seal technology is being adopted across the globe and it has been witnessing increasing demand from pharma sector in developing countries of Latin America and Asia Pacific for improvised medication. Unit-dose packaging, like syringes which are prefilled, are generating demand, which in turn is creating opportunities for blow fill seal technology in these regions.

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Key Questions Answered in the Report Which is the most lucrative market for blow fill seal technology?

The U.S. currently leads the global market for blow fill seal technology. Sales in the U.S. will be account for a considerable share of the global market over the coming decade. Which is the top-selling product associated with blow fill seal technology?

Prefilled syringes and injectable are highly sought-after in the blow full seal technology market. The demand for ampules is expected to grow at an impressive rate in the near future. Which sector is accountable for driving sales of blow fill seal technology?

Blow fill seal technology is increasingly used by the pharmaceutical sector. It will continue accounting for majority sales in the market between 2021 and 2031.

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Human combinatorial antibody libraries (HuCAL) Market Poised to Expand at a Robust Pace | FMI

Human combinatorial antibody libraries (HuCAL) are synthetically designed antibody with 95% of structural human immune repertoire and cloned in E. coli phagemid. Human combinatorial antibody libraries (HuCAL) have widespread applications in immunochemical diagnosis, basic research, high-throughput sequencing, and therapeutic research in various bioscience disciplines and biotechnology.

Human combinatorial antibody libraries (HuCAL) are highly sophisticated, improved accuracy, speed, advanced visualizations, easy elution, diversity and specificity and wide range applications.

The global human combinatorial antibody libraries (HuCAL) market is anticipated to grow with the help of its sophisticated, wide range applications in biosciences research and diagnostics, fueled by government aid and investments, improving R&D technologies.

Coronavirus emergences resulted in uncontrollable infection spread and massive deaths, which pushed the domain of research, diagnosis and drug development to a great extent to curb its wrath. Human combinatorial antibody libraries (HuCAL) and other antibodies have witnessed a surge in the diagnostics, research and drug development due to the Coronavirus pandemic.

The government aid and elevated research investments are expected to leverage the market furthermore.

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The global human combinatorial antibody libraries (HuCAL) market is driven by its sophisticated features leading to acceptance into research and diagnostics for various biosciences applications such as cancer, stem cell and neurobiology.

Human combinatorial antibody libraries (HuCAL) is a preferred choice for basic research, drug screening, immunological diagnostics and target validations and other uses in proteomics and genomics, thus it paves the exploration of un-traversed aspects and speed of bioscience researches.

Leading players such as Bio-Rad has implemented human combinatorial antibody libraries (HuCAL) for antibody specificity research, therapeutics and diagnostics commercial applications. Human combinatorial antibody libraries (HuCAL) are vastly used with ELISA, immunofluorescence and flow cytometry for diagnosis of the pathogen using protein-protein interaction and advanced visualizations.

The government support, subsidization and huge investments along with advancing technologies are propelling the human combinatorial antibody libraries (HuCAL) market. However, the barring of some common immunoassays reagents and protocols such as pull-down experiments, with immunoassays with human combinatorial antibody libraries (HuCAL).

Also, the high-cost and pricing pressure faced by the companies of human combinatorial antibody libraries (HuCAL) decelerates its market growth. Although, the overall human combinatorial antibody libraries (HuCAL) market is poised to grow with the technological and research advancements, rapid custom antibody production, popularity screening and cloning, massive utility in pharmaceutical and research domain for biosciences such as cancer, neurosciences and stem cells.

The global human combinatorial antibody libraries (HuCAL) market is poised to grow lucratively with its massive applications into therapeutic research and diagnostics of various biosciences domain, along with the technological advancements and investments.

By applications, oncology rules the human combinatorial antibody libraries (HuCAL) applications with the surging cancer cases, elevated uses and development of antibodies for research and therapy.

By end-users, pharmaceutical and biotechnology companies lead the segment due to the massive domain of human combinatorial antibody libraries (HuCAL) into drug developments, therapeutic antibodies and diagnostics.

North America leads the global human combinatorial antibody libraries (HuCAL) market with the massive research and technological advancements for chronic diseases and bioscience applications, government funding and key players.

Europe holds the second largest global human combinatorial antibody libraries (HuCAL) market, driven by the advanced research infrastructure, advanced technology, government support and investments for diagnostics and therapies of cancer and other chronic complications.

Asia-pacific human combinatorial antibody libraries (HuCAL) market is growing significantly with the research advancements, emerging companies, government aid and investments.

Latin America and Mea &Africa human combinatorial antibody libraries (HuCAL) market are stagnant due to the high cost of the antibodies, laggard research infrastructure and low expenditures.

The key players of global human combinatorial antibody libraries (HuCAL) market include

Bio-Rad
MorphoSys
Taurus Biosciences

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

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

Glass Container Market tremendous growth, opportunity, trends with key players : Saverglass Group, BA Glass, Hindusthan National Glass

The global glass container market will exhibit 2.1% Y-o-Y growth in 2021, after contracting in 2020 due to disruptions caused by unprecedented COVID-19 outbreak. According to a new study by Future Market Insights (FMI), the near-term opportunities for the market will remain positive, especially as application in beverages packaging continues surging. The report also projected to market to surpass a valuation of US$ 81 Bn through 2031.

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Ardagh Group S.A., Amcor Limited, Consol Glass (Pty) Ltd., Owens-Illinois, Inc., Saverglass Group, BA Glass, Hindusthan National Glass & Industries Limited, Nampak Ltd., Wiegand-Glas GmbH, Vidrala S.A. are prominent players in the glass containers market.

Glass container sales are strongly influenced by demand in the alcoholic beverage industry since a majority of alcoholic beverages are filled in glass containers. Due to the aesthetic appearance that can be accomplished by the use of glass in manufacturing of containers and its reflective design, sales within alcoholic beverages segment is poised to surge considerably. Glass containers also enable the alcohol manufacturer to present the premium quality of the product to their target consumers.

COVID-19 Impact on Glass Containers Market

The COVID-19 pandemic has affected the packaging industry owing to the instabilities in the supply chain. While businesses across food and beverages sector reported sluggish growth, pharmaceutical industry continues exhibiting demand for effective packaging amid pandemic crisis. Consequently, the market for glass containers have seen a decrease in revenue in Q1 and Q2 of 2020. This is partly due to government restrictions imposed on manufacturing industries and outlets that serve food & beverages to contain the spread of the virus.

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What is the potential of lightweight glass containers?

Bottle weight reduction is the key focus of manufacturers. Thanks to modern technologies light weight glass bottles are easily available, which has been aiding in overall expansion of the market. Lightweight bottles minimize the use of raw materials and the expense of logistics. With focus on sustainability rising, manufacturers are increasingly aiming towards optimally using resources and curbing wastage.

Increasingly used as a versatile material in manufacturing of containers, glass can retain the original flavour of beverage inside without altering its taste or consistency. Glass containers are available on the market in a range of colours, shapes and sizes. It has been reported that about 23% of Anchor Glass Container Corp’s revenue, a major player in glass container manufacturing, comes from its product sales of craft beer glass packaging and 24% from mass-market beer glass packaging.

Sustainability and Reusability of Glass Containers Boosting their Applications

Glass containers are increasingly preferred for handling drinks, food, and prescribed drugs since they eliminate the risk of leaching toxic chemicals. Glass is a highly recyclable medium and has features that make it a highly desirable material for containers. Many environmental resources are protected by recycling and reuse. A glass container’s ability to maintain the strength, fragrance, and seasoning of items makes it a desirable choice for food and beverage packaging.

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How is Future Outlook for Glass Container in Comparison to Historical Pattern?

Consumption of glass container is strongly influenced by the alcoholic beverage industry since a majority of manufacturers sell alcoholic drinks filled in glass bottles. Alcoholic drinks comprise one of the most lucrative segments within the beverages industry, accounting for higher market share in terms of volume in comparison to other end-use applications. Demand for glass is augmented by the strong growth evident in the luxury packaging world, particularly in liquor and cosmetics.

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Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
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Disposable Cutlery Market Development, Trends, Key Driven Factors, Segmentation And Forecast To 2021-2031

Disposable cutlery has emerged as the most economical and efficient solution for both indoor and outdoor food service activities. Future Market Insights (FMI) in a new study has forecast the market to exhibit 0.9% Y-o-Y growth in 2021, after exhibiting negative returns in 2020.

Increasing consumption of food items outside of home, particularly at food service outlets and institutional food service outlets have been fuelling the demand for reliable disposable cutlery solutions.

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Use of disposable cutleries in hotels, pubs, bars and beyond has been a key game changer. For instance, these cutleries are highly sought-after for better convenience and hygiene factor in schools & offices. The convenient use and affordable pricing of disposable cutlery with availability of dispensed and wrapped types are driving growth.

Disposable cutlery Market Landscape

Huhtamaki Oyj, Pactiv LLC, Dart Container Corporation, and Georgia-Pacific LLC are the top players operating in the disposable cutlery market. Additionally, DOpla S.p.A., Vegware Ltd, I.L.P.A. S.p.A. Group, Genpak, LLC, D&W Fine Pack LLC, and Novolex Holdings, Inc. are some of the leading players operating in the market. Companies operating in the market are focusing on innovations to gain competitive advantage.

What are Prospects for Disposable Cutlery Sales in Future in Comparison to Historical Pattern?

Increasing emphasis on hygiene and easy product availability have resulted in high usage of disposable cutlery in end-use applications. Advantages such as recyclable nature, low cost, and appealing designs of disposable cutlery have been favoring their increasing use.

Disposable spoons are expected to remain highly sought after. While plastic still accounts for majority of disposable spoons sold worldwide, consumers are gradually transitioning towards wooden spoons. Use and throw wooden spoons are widespread in countries such as India, France, and others that have implemented stringent regulations against the use of plastic.

Rising Demand for ‘On-the-go Food’ Fuelling Sales

Millennials are increasingly looking for personal experiences with trendy goods. They also represent a major and rapidly growing segment of the market. In order to better satisfy the increasing demand of millennial, who prefer on-the-go food producers are also concentrating on expanding their disposable cutlery portfolios. To allow maximum customer convenience, they are seemed to be focusing increasingly on design. Ease in storage and grab-and-go features of disposable cutlery also contribute towards their sales, apart from practical features such as low costs and food hygiene.

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Key Segments

Fabrication Process

Thermoforming,Die Cutting,Injection Molding

Cutlery Type

Wrapped Cutlery,Dispensed Cutlery

End Use

Food Service Outlets,Hotels,Restaurants & Cafes,Quick Service Restaurants (QSR) Disposable cutlery Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global disposable cutlery market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the disposable cutlery market on the basis of product type (spoon (plastic (PP, PS, PLA) and wood)), fork (plastic (PP, PS, PLA) and wood)), and knife (plastic (PP, PS, PLA) and wood)), fabrication process (thermoforming, die cutting, and injection molding), cutlery type (wrapped cutlery, and dispensed cutlery), end-use (food service outlets (hotels, restaurants & cafes, quick service restaurants (QSR)), institutional food services (cinemas, airline & railway catering, schools & offices and hospitals) and household use) and sales channel (manufacturers (direct sales), distributors, e-retail, and retailers (hypermarkets, supermarkets, convenience stores, specialty stores, discount stores & warehouse/wholesale clubs)) across seven regions.

How are Growth of Home Delivery and Online Food Services Driving Disposable Cutlery Market?

Due to growing disposable income, changing lifestyles, and rapid urbanisation, particularly in emerging markets, consumer preference for takeaway or ready-to-eat food is rising. In addition, the corporate work culture contributing to out-of-home eating habits is also strengthening the market for single-use cutlery disposables for food service.

Why Consumers are Preferring Wrapped Disposable Cutlery?

Conventionally, dispensed cutlery has been prominently used in the end use application such as food service outlets, institutional service outlets and in households. However, from last few years and emergence of COVID-19 pandemic, wrapped cutlery products are majorly preferring by consumers, due to associated risk of health and hygiene. Wrapped cutlery in form of individual packets or in dispensers, assure the high level of hygiene on the table tops.

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Why Key Players Are Eyeing on China Market?

As per FMI, China disposable cutlery consumption is increasing at a high pace. Local players and consumers, alike, have been showing increasing inclination towards bamboo based cutlery, which are easy to degrade and reduces carbon impact. Furthermore, the government in China has recently unveiled its five year plan, in which it has expressed its intent to ban single use plastic products and containers such as plastic bags, tableware, and many other. This will have significant impact on increasing production and sales of wood based cutlery in coming decade.

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Paper Cups Market : The Trends Driving Growth by 4.5% CAGR and Shaping the Future 2031

Paper Cups 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.

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.

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FMI states that North America paper cups market will expand at 3.7% CAGR throughout the forecast period owing to high production and export of paper cups from U.S. along with the increasing demand from fast food joints in the region.

How is Changing Lifestyle Influencing the Paper Cup Demand?

Increasing consumption of beverages and fast food due to busy lifestyle in most of the cities in developed countries has led to the emergence of new coffee shops and fast serve restaurants. This trend is gradually penetrating in developing regions.

Surge in population along with increasing per capita income in developing nations has boosted the fast food and beverage market. Evolving lifestyle and establishment of fast food restaurants in middle-income and developed countries will emerge as a chief driver of paper cup sales.

Paper cups are cheap, eco-friendly and very hygienic. This has resulted in increased demand for paper cups in take-away and food delivery applications. Heightened awareness regarding harmful nature of single use plastics on environment has promoted the development of disposable packaging solutions to reduce carbon emission, increase recycling and better waste management.

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.

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Key Segments Covered in Paper cups Market Study

Cup Capacity:

Up to 150 ml,151 to 350 ml,351 to 500 ml,Above 500 ml

Cup Type:

Cold Beverage Cups,Hot Beverage Cups

Sales Channel:

Supermarkets,Distributors,Departmental Stores,Online Sales

End User:

Food service,Institutional,Households

“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.

Country-wise Analysis Why Is U.S leading the Paper cups Market?

Stringent government policies regarding usage of plastic packaging, increasing paper recycling activities and presence of leading fast food chain in the country will boost the consumption of paper cups across the U.S.

As per the U.S. Environmental Protection Agency’s report, more than 292 million tons of municipal solid waste (MSW) was generated in 2018. Around 69 million tons of total generated MSW was recycled and 25 million tons was composted.

Table Of Content

1. Executive Summary

1.1. Global Market Overview

1.2. Analysis and Recommendations

1.3. Wheel of Opportunity

2. Market Overview

2.1. Market Definition

2.2. Market Taxonomy

3. Paper Cups Market Demand and Pricing Analysis

3.1. Historical Market Volume (Mn Units) and Value (US$ Mn) Analysis, 2016 – 2020

3.2. Current and Future Market Volume (Mn Units) and Value (US$ Mn) Projections, 2021 – 2031

3.3. Y-o-Y Growth Trend Analysis

3.4. Pricing Analysis By Cup Capacity

4. Market Background

4.1. Global Packaging Market Outlook

4.2. Global Food Service Packaging Market: The Benefits

4.3. Foodservice Packaging Legislations

4.4. Top Quick Service Restaurants

4.5. End User Preference Findings

To be Continued…

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Rising popularity of vending machines in North America and European nations and development of intelligent vending machines for better customer experience will increase the sales of paper cups throughout the forecast period.

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Steel Drums Market to increase rapidly by 2031| Emerging industries, Challenges and Threats Faced by Key Vendors

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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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.

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.

“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.

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.

Demand for Effective Transportation of Large Volume of Liquid Driving Growth

The increasing production of manufacturing and industrial sector is one of the major factors augmenting sales of steel drum. The low manufacturing cost in developing economies such as India and China has led key players of various end-use industries to move their production facilities and expand their market in the South & East Asia. This will lead to growth in trade volume in the region. Also, East and South Asia will emerge as a global trade hub, increasing opportunities for the global steel drum market.

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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 Expansion of Paints, Inks, & Dyes Industry Pushing Steel Drum Sales

Steel drums usage is rising in shipping and storing of liquid materials such as paints, inks & dyes. They are considered the most suitable rigid packaging solutions for transporting hazardous and non-hazardous material especially liquid material. Also, steel drums are easy to handle and are considered more effective for storage.

The paints, inks, & dyes industries demand safe and secure packaging solutions for their product protection. As per the American Coating Association, almost half of the coating and paint products are regulated by the U.S. Department of Transportation’s (DOT) modal regulations and are required to meet the criteria for hazardous materials.

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Furthermore, handling of IBCs is easier than steel drums as they are attached to the pallets from the bottom. IBCs have the capability of draining completely, while steel drums it is not possible as the residue is left at the bottom. Another important factor, which limits the market growth of steel drum is corrosion resistance power. The steel drums do not have corrosion resistance capability which increases the chances of contamination.

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