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The global sales of potato granules are expected to witness growth over the forecast period. On a global basis, the potato is the fourth most important world food crop. Potato as a portion of food is most important in the cooler regions of the world. Potato granules are great to thicken up soups, stews, and gravy items.

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Demand for Potato Granules as an ingredient in Food Industry

Many food manufacturers are increasingly using potato granules as food ingredients or additives. It is used as a thickening agent in a range of cuisines, including snacks, soups, curries, and other dishes Potato granules are added to bakery items such as biscuits, pancakes, bread, muffins, cookies to improve the texture and a softer mouth feel. Potato granules have the same consistency and texture as freshly made mashed potatoes.

It’s used in potato snacks, instant mashed potatoes, fish and meat coatings, breading, soups, sauces, and gravies, bakery items, and pet food. For both economy and consistency, potato granules are frequently the product of choice for hospitals, restaurants, schools, nursing homes, and other similar institutions.

Europe Demand Outlook for Potato Granules Market

More potatoes are currently being processed in Europe to accommodate increased demand from the fast food, snack, and convenience food industries. In bakery products soups, sauces, ready-to-eat meals, and other processed food products, potato granules are used to increase the shelf life of products.

Potato granules are increasing in demand in Europe due to an increase in the consumption of bakery products. These are the key factors for increasing demand for potato granules in Europe in the assessment period.

Who are the Key Market Players in Potato Granules?

Some key manufacturers functioning in business in potato granules market includes

• Agra west
• RT French Company
• Idaho Pacific Corporation
• Mydibel
• Aviko
• Emsland Group
• Engel Food Solutions
• Solan S.A
• TaiMei Potato Industry Limited
• Prairie Gold Produce
• KMC
• Procordia Food

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The global sales of distilled monoglycerides are expected to witness progressive growth over the forecast period. Monoglycerides are manually available in every food and added to foods to improve the texture, quality, and shelf life. Monoglycerides available in the market are extracted from animal or plant fats.

Distilled monoglycerides are acted as emulsifiers in food to help to bind oil and water together. Mostly distilled monoglycerides are sourced from sunflowers, palm oils, rapeseed, and soya oils.

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Demand for Distilled Monoglycerides as Emulsifier in Food Industry

Distilled monoglycerides are acted as emulsifiers in ice-creams. It aids in the production of ice creams with a smoother body and texture, as well as imparting dryness and improving the mix’s whipping ability.

The most prevalent usage of distilled monoglycerides is in starch-based foods such as wheat bread and other bakery products, cereals, pasta, and potato products. Distilled monoglycerides effectively increase the crumb softness or “freshness” of baked goods, allowing them to stay softer for extended periods.

In the cosmetics business, distilled monoglycerides are utilized as emulsifiers and pacifiers. It’s found in vanishing creams, cleaning creams, emollient creams, fairness creams, moisturizing lotions, and sunscreen lotions. It is used as stabilizers dispersions, anti-foaming substance.

Europe Demand Outlook for Distilled Monoglycerides Market

Europe is the second-largest production of distilled monoglycerides in the world. In Europe, distilled monoglycerides can be applied in grease products, such as artificial cream, butter, peanut butter, coconut butter.

Distilled monoglycerides as an emulsifier are used in margarine to improve the plasticity and contribute to stability when margarine is at freezing stages. These are the key factors for the rise in demand for distilled monoglycerides in Europe in the assessment perio

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Who are the Key Market Players of Distilled Monoglycerides?

Some of the key manufacturers in the Distilled Monoglycerides Market includes

• Danisco
• Kerry
• Riken Vitamin
• Palsgaard
• Corbion
• Kevin Food
• BASF
• Gaungzhou Cardlo Biochemical
• Kao Chemicals
• Guangzhou Jialishi Food
• Wilmar International
• ZTCC
• Hangzhou Fuchun Food Additive

The demand for clean label starch is due to chemical-free, non-GMO, and natural food products. It is certified by USDA, FDA is creating an impact on the overall market for starch. It is expected that the global sales of clean label starch are expected to witness lucrative growth over the forecast period.

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What is Driving Demand for Clean Label Starch?

The food and beverage industry is focused on a clean label which is rising the demand. Clean label starch is playing a very important role in the food and beverage industry. The use of clean label starch has increased over the period

The main factor which is driving the demand is the various properties like solubility, which is one of the main factors which has increased the use of clean label starch. The government and other health agencies are highly focused and creating awareness regarding the consumption of healthy food and the healthy changes required in the diet.

Additional Information/Recent Development of Clean Label Starch market

The Non-GMO ingredient is one of the main factors for the sale of clean label starch. A healthy lifestyle is urging people to move towards healthy eating. The ingredient clean label starch offers functionality that is used to add taste and texture to the food and beverages. As people are now preferring baked items, the clean labels starch is also used to add viscosity, stability, and texture to baked goods and puddings. Starch is also used in the preparation of sauces as the demand for sauces has risen to a considerably higher level and it is used in almost all types of cuisines. It is used to reduce temperature.

The US and Canada Clean Label Starch Market Outlook

Over the years there has been a shift in the demand of American consumers considering natural products. It is seen that people are now focused towards for natural products while purchasing food products.

The transparency from the manufacturer has made it possible for the demand for clean food purchases to scale up in the US. It is expected that the clean label starch will also have the same demand in the US market.

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Europe Demand Outlook for Clean Label Starch

The European market is highly focused on the use of clean label starch which is creating a healthy impact on health on people’s health. It is seen that the sugar is being replaced with clean starch which has resulted in a dip in the prices of sugar.

This has created an opportunity for many new players to enter the market as the clean label market is growing. People are more focused on personal health and wellbeing which has resulted from the European food labeling law to make changes in the labeling pattern to provide more transparency regarding the ingredient present in the food.

Who are the Key Manufacturers and Suppliers of Clean Label Starch?

Some of the key manufacturers in the clean label starch market includes

• Claria
• Lyckeby
• Ingredion
• Beneo
• Tate & Lyle
• Archer Daniels Midland Company
• MGP Ingredients, Inc.
• Roquette Freres S.A.
• Euroduna Food Ingredients GmbH
• Cargill

The innovation-driven pharmaceutical industry has come up with various lifesaving drugs and vaccines, resulting in increased life expectancy rates across the globe. For efficient delivery of drugs, the proper packaging and labelling products allow proper identification and dosage instructions about the usage.

Future Market Insights (FMI), a Leading Market Research and Competitive Intelligence Provider Offers Insights into Vital Dynamics Facilitating the Growth in the Global Syringe Labels Market over the Assessment Period. A detailed study on Syringe Labels Market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.

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As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Syringe Labels Market is expected to grow at a healthy CAGR during the forecast period . The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales of   Syringe Labels Market in the coming 10-years.

Key players covered in the report include:

• Essentra plc
• Multi-Color Corporation
• SheetLabels
• Sharp
• United Ad Label
• Nordvalls Etikett AB
• Schreiner MediPharm

Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Food Packaging Equipment

With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.

In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.

Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Syringe Labels Market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

Syringe Labels Demand Analysis by Category

Segmentation Based on Material:

• Paper
• Polyester
• Synthetic

Segmentation Based on Size:

• 12 x 15 mm
• 13 x 80 mm
• 50 x 30 mm
• 100 x 40 mm

Segmentation Based on End-Use:

• Pharmaceutical Company
• Hospital
• Laboratories
• Clinics
• Research Organization

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Key Syringe Labels Market Takeaways and Projections :

• The U.S. is expected to lead the North America Syringe Labels Market, projecting the fastest growth in the region in forecasting period
• Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
• China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
• India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2031.

Report Benefits & Key Questions Answered :

• Syringe Labels Historical Market Analysis: The detailed survey by FMI, examines key factors in the Syringe Labels Market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Syringe Labels Market for the forecast period
• Syringe Labels Company & Brand Share Analysis: A recent study by FMI highlights a comprehensive list of leading market players and stakeholders in the global Syringe Labels Market. It examines the business execution, cost structure analysis, and supply chain analysis, of Tier 1, Tier 2, and Tier 3 players for the forthcoming decade.
• Syringe Labels Market Trend Analysis: The latest study by FMI on the Syringe Labels Market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

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 Syringe Labels Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Syringe Labels Market. Competitive information detailed in the Syringe Labels Market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Syringe Labels Market report.

The Global Retail Printers and consumables market is projected to grow at a healthy CAGR of 5.3% and 5.0%, respectively, in terms of value over the forecast period of 2017 to 2027 primarily driven owing to increasing application in end-use industry. Retail printers are electronic devices typically designed for printing of labels and receipts that are used within the retail space. Retail printers usually do not have programmable logic controllers of its own, but relies on an external system. Label and receipt printers are adopted for speedy and efficient printing of labels and receipts. These devices find applications in various industrial verticals like manufacturing, logistics, healthcare etc. However, its utilization in the retail industry overshadows all other verticals prompting the manufacturers to register long term tie ups with various small scale and large scale retailers. The consumables used within these printers are labels, ribbons and paper. Ribbons and labels are used in conjunction with label printers utilized exclusively to generate labels while paper is typically used to generate receipts at POS stations.

Global Retail Printers and Consumables Market: Future Outlook

The Global Retail Printers market is projected to grow at a 4.8% CAGR during 2016-2017. The global market for retail printers is poised to register a steady CAGR of 5.3% over the ten year forecast period to reach a market valuation of US$ 4689.4 Mn by end of 2027 while the global consumables market is expected to be valued at US$ 8,503.4 Mn in 2017 and is estimated to grow with a CAGR of 5.0% in terms of value. Product upgrades and aggressive marketing is the key strategy executed to preserve the growth of the market on a long-term basis.

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Global Retail Printers Market: Segmental Analysis

• The global retail printers market is segmented based on its usage in different areas of application. By type, it is segmented into desktop retail printers, industrial retail printers, mobile retail printer and others. The relatively small others segment comprises of special application retail printers such as ticket printers and wristband label printers
• Mobile retail printer segment is estimated to a value of US$ 1898.3 Mn by 2027 end. In terms of volume, Mobile retail printer and desktop retail printer segments are anticipated to produce 2,257 thousand units and 1,871 thousand units respectively by the end of 2027
• By technology it is segmented by label printers and paper printers. On the basis of printing technology the most dominant is the thermal transfer sub segment while direct thermal sub segment dominates in the paper printer segment. The inkjet, impact and laser printing technologies are expected to be the least attractive of all the segments owing to high cost, slow operation and impracticality than the thermal segment

Global Retail Consumables Market: Segmental Analysis

The global consumables market is segmented by type, application and region. By type, the paper segment is expected to dominate the market throughout the forecast period with 41.0% share by the end of 2027. The Label type segment is anticipated to witness robust growth in terms of value and volume over the forecast period owing to increasing adoption of labelling in warehousing sector as well as online retailing and also implementation of labeling in businesses to maintain assets.

Global Retail Printers and Consumables Market: Regional Outlook

Asia Pacific and North America hold the highest market potential in the global retail printers market. The market is primarily driven owing to healthy growth from the perspective of disposable income & purchasing power and increasing retailing activity around the globe. However, limited compatibility with different operating systems is expected to be a restraining factor for the growth of market in these regions. Eastern Europe and Latin America are struggling with sluggish growth in the market owing to fragmented supply chain, hence growth prospects for the market for retail printers in these regions is limited.

Global Retail Printers and Consumables Market: Competitive Landscape

The report highlights some of the top companies operating in the global retail printers and consumables market such as Zebra Technologies Corporation, Honeywell International, Inc., Toshiba TEC Corporation, SATO Holdings Corporation, Avery Dennison Corporation, Oki Electric Industry Co., Ltd., TSC Auto Id Technology Co., Ltd., Star Micronics Co., Ltd., Postek Electronics Co., Ltd., GoDEX International Co., Ltd., Citizen Watch Co., Ltd., Brother Industries, Ltd., Bixolon Co., Ltd., Pos-X LLC, Primera Technology Inc., CognitiveTPG, LLC, Seiko Holdings Corporation, Wasp Barcode Technologies, Cab Produkttechnik GmbH & Co KG, and  BlueBird, Inc.

These players are aware of the emerging technology called RFID (Radio Frequency and Identification) that could pose as a serious threat of replacing barcoding technology due to advantage of bulk data retention as opposed to single data retention of barcodes leading to faster scanning and data maintenance as well as elimination of line of sight scanning in RFID technology. Hence, prominent players are focused on implementing short term strategies by improving its existing product line up and introducing innovative features and wireless connectivity to sustain the growth of the global market.

Key Segments Covered

The retail printers market is segmented as given below:

By Printer Type

• Desktop Printer
• Industrial Printer
• Mobile Printer
• Others

By Printing Technology

• Label Printer
  • Thermal Transfer
  • Direct Thermal
  • Inkjet
  • Laser
• Paper Printer
  • Thermal Transfer
  • Direct Thermal
  • Impact
  • Inkjet

By Application

• Departmental Stores
• Warehouse Retailers
• Mom & Pop Stores
• E-Commerce
• Supermarkets
• Others

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excl. Japan (APEJ)
• Japan
• Middle East & Africa (MEA)

The retail consumables market is segmented as given below:

By Type

• Labels
• Ribbons
• Paper

By Application

• Departmental Stores
• Warehouse Retailers
• Mom & Pop Stores
• E-Commerce
• Supermarkets
• Others

By region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excl. Japan (APEJ)
• Japan
• Middle East & Africa (MEA)

Global refurbished printers market is expected to grow at a healthy CAGR of over 9.2% during the study forecast period 2021-2031, despite a period of less growth in 2020, according to a latest study by ESOMAR-certified market research firm, Future Market Insights (FMI). The research study tracks refurbished printers sales in 20+ countries, offering an in-depth analysis on how growth trend will unfold.

The global parchment paper market is forecast to surpass the valuation of US$ 959.3 million by the end of 2021, projects ESOMAR-certified consulting firm Future Market Insights (FMI). The market is expected to register growth at 5.8% CAGR between 2021 and 2031.

Bakeries, restaurants, and food delivery services are shifting from non-biodegradable packaging materials and adopting parchment paper owing to the implementation of strict environmental laws, especially on usage of plastic and other materials.

Sales in China and India will rise at a high pace, backed by expansion of food service sector at an accelerated pace. Coupled with this, focus on sustainable packaging solutions will remain a chief growth driver.

Some restaurants are using parchment paper as a tool for marketing and brand promotion by printing their logos on these papers. Increasing utilization of parchment paper in fancy and convenient packaging styles will guarantee growth in the coming years.

Parchment paper has emerged as a suitable alternative to clamshell packaging. To reduce the logistical cost, packaging manufacturers are working towards cutting down on the use of clamshell as a primary packaging source. This trend is expected to continue in the coming years, presenting a conducive environment for parchment paper sales growth.

COVID-19 pandemic temporarily hampered the sales of parchment paper due to closure of restaurants and manufacturing plants. Scarcity of raw materials in paper mills due to lockdown hindered the manufacturing process of parchment paper. With lockdown and other restrictions gradually getting lifted, the market is expected to showcase a rapid recovery in next few years.

“Increasing consumer spending on fast food service and rising popularity of on-the-go eating and online food delivery services will boost the demand for parchment paper over the forecast period,” says the FMI analyst

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Key Takeaways

• The U.S. is expected to account for over 3/4^th of North America market by the end of 2031. Increasing sales of bakery and other confectionary products are leading to increased consumption of parchment paper in the country.
• Urbanization and rapid expansion of quick service restaurants and other food service sectors will create opportunities for market growth in China.
• India is expected to dominate the South Asia parchment paper market and is expected to hold around 24% market share in the region. Rising population and increasing consumption of packaged food in India will drive the market growth.
• Unbleached paper segment is predicted to lead the parchment paper market accounting for more than 55% market share owing to its high recyclability.
• 40-60 GSM weight segment is gaining traction for its high durability, superior safety and hygienic properties. The segment will hole around 44% market share by the end of 2021.
• Increasing purchasing power of middle class families especially in developing countries will allow the ready-to-eat meal segment to register a rise of US$ 293 Mn over the assessment period.

Competitive Landscape

Future Market Insights in its report states that top market players like Georgia-Pacific Corp., Ahlstrom-Munksjo Oyj., METSA Tissue, Delfort Group AG, and Nordic Paper AS collectively hold around 20% of global market share.

Companies operating in the parchment paper market are emphasizing on expanding their manufacturing capabilities and establish global presence. The companies are also looking towards expanding their product portfolio through new product development.

To gain competitive advantage, market players are turning towards inorganic growth techniques like entering in strategic partnerships with other manufacturers with leading manufacturing companies.

For instance,

• In October 2020, Holmen PACK launched a new fresh and smooth food packaging paper with government approval for direct contact with food.
• In August 2020, one of India‘s leading premium stationery brands launched a product line called “TopCare” to promote healthy and sustainable food packaging and cooking. The product line started with food wrapping as well as baking and cooking paper.

Some of the leading companies operating in the parchment paper market are:

• Georgia-Pacific Corp.
• KALPATARU Papers LLP
• Pudumjee Paper Products
• JK Paper
• Ahlstrom Munksjo Oyj.
• Delfort Group AG
• METSA Tissue
• McNarin Packaging
• Awa Paper and Technological Co. Inc.
• Cosmoplast
• Nordic Paper AS
• The GRIFF Network
• KRPA Paper AS

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More Insights on the Global Parchment paper Market

Future Market Insights, in its new offering, provides an unbiased analysis of the parchment paper market, presenting historical demand data and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the parchment paper market with a detailed segmentation on the basis of

By Product Type:

• Bleached Parchment Paper
• Unbleached Parchment Paper

 By Basis Weight:

• Less than 40 GSM Parchment Paper
• 41 to 60 GSM Parchment Paper
• 61 to 80 GSM Parchment Paper

 By End Use:

• Bakery and Confectionary
• Ready-to-Eat Meals
• Fresh Produce
• Others

 By Region:

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

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 Key Questions Covered in the Report

• The report offers insight into parchment paper demand outlook for 2021-2031
• The market study also highlights projected sales growth for parchment paper market between 2021 and 2031
• Parchment paper market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends
• Parchment paper market survey offers evaluation of current market size and forecast and impact of technological advancements within the industry
• Parchment paper market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Composite paper cans are emerging as a preferred packaging solution as industries and consumers alike exhibit demand for sustainable alternatives to plastic. As per a study by Future Market Insights (FMI), the global composite paper cans market will exhibit a CAGR of 4.8% between 2021 and 2031.

Composite paper cans are made from paper fiber bodies with one or both ends made from metal or paper. Aluminum foil or plastic liners are provided inside the cans to minimize leakage. Therefore, these containers are primarily used in the beverage industry.

Increasing demand for environment friendly composite paper cans is encouraging key players to expand their production capacity. The demand for packaging solutions with longer shelf life and ease of use will rise in response to the growing popularity of take-away and on-the-go food items. As per FMI, food and beverage packaging will account for over half of composite paper cans sold through the forecast period.

In recent years, the growing concerns over environmental damage have pushed consumers and marketers towards green products and services. Increasing focus on reusable or recyclable products will pave the way for the growth of the market in the near future.

Key Takeaways from Composite Paper Cans Market Study

• Cap closures account for over 61% value share in the global market owing to easy handling and lower risk of wastage.
• Spiral winding production is gaining traction as it offers high tensile strength in composite paper cans. This segment is estimated to hold 49.9% of the market by the end of 2031.
• China will emerge as a leading market registering a CAGR of 8.8% during 2021 -2031. The demand for composite paper cans will rise due to higher sales of take-away food and beverages.
• The U.S. accounts for over 63% of North America, due to the presence of key players and rising acceptance of new, lightweight, and cost-effective liquid packaging solutions.
• Expansion of the food sector will support growth in Germany, which is expected to account for nearly 15% of sales recorded in Europe by 2031.

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“Companies operating in the market are focusing on offering sustainable solutions. Some of them are experimenting with technologies to offer greater usability of composite paper cans,” says a FMI analyst.

Composite Paper Cans Emerge as Sustainable Alternative to Plastic Cans

There are several reasons as to why composite paper cans are far better as opposed to ordinary cans. These are durability, eco-friendly nature, and low cost. Also, composite materials have the highest strength to weight ratio.

Composite paper cans resist damage from harsh weather and chemicals, which is driving their application in the food, chemicals, cosmetics, and personal care industries.

Considering the challenging conditions of the COVID-19 pandemic, the returns from composite paper cans has declined substantially across the globe. Therefore, the Y-o-Y growth rate in the year 2020 dropped by nearly 1.6% as compared to 2019.

A moderate slump in the food & beverage and retail segments has been observed, owing to difficulties in maintaining supply chains. The demand for composite paper cans is expected to recover strongly owing to growth in sustainability and as consumers adapt to hygiene practices.

Who is Winning?

The tier 3 players in the market hold 70-80% of the global composite paper cans market. Expansion of production capacities and investments into product development are key strategies holding the attention of manufacturers.

Smurfit Kappa Group plc, Amcor plc, Mondi Group plc, Sonoco products company, Ace paper tube, Irwin packaging, PTS manufacturing, Canfab packaging and among others are the prominent players in the global composite paper cans market.

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Valuable Insights into Composite Paper Cans Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global composite paper cans market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the composite paper cans market on the basis of closure type (caps (snap on and plugs) and lids (aluminum membrane, plastic membrane, and paperboard)), production type (spiral winding, convolute winding, and linear draw), can diameter (less than 50 mm, 50mm to 100 mm, and Above100 mm)), and end use (food & beverages (tea/coffee, snacks, alcoholic beverages and others), household, personal care & cosmetics, and others) across seven regions of the globe.

Scope of the Report

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	USD Million for value and Million Units for Volume
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa.
Key Countries Covered	US, Canada, Germany, U.K., France, Italy, China, Japan, India, Thailand, Brazil, Mexico, Australia, GCC Countries, Northern Africa.
Key Segments Covered	Closure Type, Production Type, Can Diameter, End Use, and Region
Key Companies Profiled	Smurfit Kappa Group PlcMondi Group PlcAmcor PlcSonoco Products CompanyAce Paper Tube CorpIrwin Packaging Pty LtdPaper Tubes And Sales(PTS) ManufacturingCanfab Packaging Inc.Bharath Paper ConversionsNagel Paper.
Report Coverage	Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing	Available upon Request

 

Increase In awareness regarding advanced skincare products and rising prevalence of chronic diseases are expected to drive skincare market. According to a study by Future Market Insights (FMI), the global skincare market is forecast to reach a valuation of US$ 8,823.4 Mn in 2021.

Skincare products such as skin cleansers, hand sanitizer, skin conditioners, and surgical scrubs are increasingly used to maintain skin hygiene and to prevent the spread of infections. The rising prevalence of chronic diseases and increase in demand for hand sanitizers amid COVID-19 pandemic is expected to boost the growth of the skincare market.

Moreover, increasing incidence of hospital-acquired diseases such as surgical site infection (SSI) is creating opportunities for growth. Sales will surge further as a result of the increasing awareness about advanced skincare products. Social media & innovative online campaigns aimed at creating awareness are therefore reshaping the skincare market.

Increasing market consolidation activities, adoption of strategic agreements among the leading manufacturers and increasing research activities aimed at launching effective products are some of the factors enabling growth. Some of the leading players are aiming to strengthen their product portfolio by launching a various online campaign. For instance, in 2021, Galderma Laboratories, L.P.-Cetaphil launched an innovative digital campaign to connect with millions of consumers experiencing skin sensitivity.with the market expected to exhibit a CAGR of 8.1% during the forecast period (2021-2031)

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Key Takeaways from Skincare Market Study

• Skincare market is expected to rise at 8.1% CAGR between 2021 and 2031
• High willingness among consumers to spend on personal health and hygiene will drive growth in the U.S., which will account for over 85% of sales in North America by 2031
• The U.K. will remain a key market for skincare products within Europe. Rising demand from various hospitals, healthcare, and critical care centers will continue supporting growth
• Expansion of the healthcare sector will push growth in Germany, which will account for maximum skincare products sales within Europe’s healthcare sector
• Strong growth is likely in China, as consumers increasingly focus on hygiene and sanitization to prevent the risk of infection

Who is Winning?

The leading manufacturers are focusing on research and development to develop effective and compatible skincare products that can meet the end-use demand. The current pandemic outbreaks and the growing demand for hand sanitizing product have led manufacturers to ramp up their research efforts to expand their product portfolio.

Besides this, several key players are focusing on market consolidation activities such as a merger, acquisition, supply distribution partnerships, and launching new products. This is leading to high competitiveness in the market. Key manufacturers are also keen to expand the market footprint.

For instance, in 2020, GOJO has expanded its product portfolio to increases sales of PURELL sanitizer, wipes, soap and surface spray by establishing a new manufacturing facility in Maple Heights and Navarre, Ohio.

Some of the market players covered by FMI include are 3M Company, Cardinal Health, Inc., Ecolab, Whiteley Corporation, Reckitt Benckiser Group PLC, Carrollclean, Johnson & Johnson Consumer Inc., Galderma Laboratories, L.P., PDI, Inc., Betco Corporation, Pal International, PSK Pharma Pvt. Ltd., Metrex Research, LLC., Gojo Industries, Inc., Unilever, Steris Plc, Procter & Gamble and among others consolidating their positions through mergers, acquisitions and new product launches.

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Why Future Market Insights?

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

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

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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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