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Riding on the steady demand over the recent past due to the successful intervention of industrial automation, automatic folding gluing machines hold clear dominance over semi-automatic counterparts in the folding gluing machines landscape. Steady adoption of semi-automatic folding gluing machines however prevails among SMEs targeting higher production line efficiency.

A new research intelligence report published by Future Market Insights offers a deep-dive view of the folding gluing machines landscape, delivering exclusive insights on the most impactful push and pull factors associated with revenue growth.

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Key Insights Drawn from the Global Folding Gluing Machines Market Report

The global revenue through folding gluing machines will surpass a value of US$ 5 Bn by this year’s end, witnessing a moderate Y-o-Y growth of around 4% over 2017. Straight line and crash lock fold types of folding gluing machines collectively hold a massive value share of over 60%. Food and beverages register maximum consumption of folding gluing machines. Highest growth potential exists in Asia Pacific, in terms of adoption of folding gluing machines. Sales of automatic folding gluing machines account for more than 80% of the total market revenue. Introduction of more compatible, communicative, and ergonomically designed folding gluing machines is trending the market, targeting enhanced productivity at reduced costs. Customized corrugated packaging trend in the E-commerce/E-tail world is playing a vital role in fueling sales of innovative folding gluing machines.

Convenience Foods Uphold F&B to Remain Largest End Use Sector Utilizing Folding Gluing Machines

In 2017, the global consumer expenditure on food and beverage products was registered roughly around US$ 6.5 trillion, i.e. nearly 8.5% of the GDP. F&B sector accounts for a remunerative 55% share in the folding gluing machines landscape, according to the Future Market Insights’ study.

Food sector, the top consumer of folding gluing machines, is witnessing a prominent push to revenue generation through dry foods and snacks segment. “The popular wave of processed, packaged, and convenience foods is substantially driving the demand for folding gluing machines worldwide, especially in developing Asian economies where the growth is likely to be concentrated in the near future,” explains a senior research analyst at FMI.

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Moreover, frozen and chilled food products are contributing a sizable revenue share to folding gluing machines market. The analyst uncovers, “Non-alcoholic beverages continue to bring in lucrative business opportunities for folding gluing machines manufacturers, enabling beverages segment to secure the second end user sport in folding gluing machines market”.

Rewarding Opportunities Reside in APAC, 1/3rd of Region’s Revenue Belongs to India & ASEAN Countries

The regulatory bodies based in Asian economies are pushing investments in manufacturing sector which have been translating into steadily growing demand for folding gluing machines in recent years. As reported by FMI’s study on global folding gluing machines landscape, India and ASEAN countries collectively account for around 1/3rd share in Asia Pacific’s market value.

Strong presence of a large number of F&B manufacturers within the region are predominantly shaping the adoption pattern of folding gluing machines. Moreover, India’s per capita packaging consumption was on an average 5.5 kg in 2017, pointing to an ample opportunities for folding gluing machines adoption.

Western European market for folding gluing machines is driven by favorable orientation of manufacturers towards industrial automation. North American market is however expanding at a relatively lower pace owing to consistently falling beverage consumption levels.

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Leading manufacturers of folding gluing machines are investing considerable R&D efforts in innovating existing product lines for a decent competitive edge. While reduction of the overall change-over time takes up the spotlight, advanced technology integration also remains one of the key strategies of companies. MNCs are prudently focusing on tapping in to lucrative opportunities in developing Asian economies. Merging with regional leaders or acquiring unorganized regional players are currently the preferred strategic moves of manufacturers of folding gluing machines. FMI’s report on global folding gluing machines market provides deep dive insights on the competitive landscape and various other aspects related to the folding gluing machine landscape. Reach out to us at press@futuremarketinsights.com

Future Market Insights (FMI) delivers key insights on the global packaging additives market in its published report titled “Packaging Additives Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2026”. In terms of revenue, the global packaging additives market is estimated to grow at a CAGR of 4.3% during the forecast period, owing to numerous factors on which FMI sheds light in this report. The Asia Pacific packaging additives market is expected to remain in the leading position during the forecast period.

In the packaging industry, packaging additives have prominent applications in end-use industries like food and beverages and pharmaceuticals. The rise in disposable income and increase in economic growth are the significant factors driving the growth of the global packaging additives market. One key driver in the global packaging additives market is the expansion of convenient packaging and food industry in various emerging countries across the globe.

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The packaging industry in regions such as North America and Europe is highly mature and supports manufacturers to promote market growth in other regions. Growth opportunities in the packaging additives market due to the variation in the food consumption habits in regions such as Middle East and Asia Pacific excluding Japan is prompting various leading manufacturers of packaging additives to set up the production units in this regions.

Packaging Additives Market

In this report, Future Market Insights suggests that packaging additives will play a major role in the food & beverage industry during the forecast period. With a rise in demand of packaged food items in the industry, there will be enormous demand of the packaging additives market.

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The research also suggests that the beverage sector segment in packaging additives is anticipated to be one of the highest contributors to the growth of the packaging additives market. The pharmaceuticals and health sector is also anticipated to witness high growth in the packaging additives market during the forecast period.

The growth of packaging additives can mainly be attributed to the contributions of emerging economies in North America such as the U.S. and Canada. The U.S. is expected to be at the forefront, spearheading the growth of the packaging additives market, during the forecast period. According to the research by Future Market Insights, the U.S. packaging additives market has witnessed rapid growth in the past couple of decades.

As per volumetric analysis, the plastic sub segment in the substrate segment is projected to dominate the packaging additives market.  So, packaging additives manufacturers are looking forward to developing such biodegradable bioplastics that will reduce the carbon footprint.

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The companies involved in the manufacturing of packaging additives are focusing on enhancing their production capacity by establishing new production units. The key motive is to have a worldwide presence through collaborations, acquisitions, or by exports in the packaging additives market. The manufacturers of packaging additives are likely to eye the lucrative regions of North America and the Asia Pacific in the coming years. Various vital players find regions such as the Asia Pacific and Middle East & African attractive to develop packaging additives plants in the coming years.

Some of the key drivers for the growth of the global packaging additives market include growing demand from the food & beverage industry due to its biodegradable nature. The packaging additives market in Asia Pacific Excluding Japan (APEJ) is expected to create the highest incremental $ opportunity during the forecast period and is expected to grow at a significant pace in the coming years. The revenue from the packaging additives market in North America is estimated to account for over 21.9% of the global packaging additives market revenue in 2018.

Key players considered in this report on global packaging additives market include AkzoNobel N.V. ALTANA Group, Arkema, BASF SE, ColorMatrix Group, Flint Group, Henkel, Huber Group, Lubrizol Corporation, PPG Industries Inc, Sun Chemical Corporation, Valspar Corporation, Wacker Chemie AG, Evonik

Many unrecognized and local players are expected to contribute to the global packaging additives market during the forecast period.

Label Printer Market: Overview

Label Printers is a device which is used to produce barcode labels or tags that can be directly printed on the physical objects. Label printers are used for printing product labels and printing barcodes. Label printer machine is used to make barcode or tags for retail items or label cartons with universal product codes or European Article Numbers before shipment. The label printers are also used for printing barcodes on wristbands which are used for personal identification in hospitals or any events. Label printers use thermal transfer or direct thermal techniques to apply ink to the tags.

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Industrial printers, desktop printers and mobile printers are the major type of products in the label printers market. Irrespective of time and place, mobile label printers are used by organizations to work for printing tickets, labels and receipts. Desktop label printers are used for printing low to mid volume labels and barcode wristbands. Industrial label printers are used for high volume applications such as order labeling and warehouse labeling.

Label printers are used in healthcare for tags that help to identify patient and tracking services. In manufacturing, label printers are used for inventory which helps for inventory control. Nowadays, many technologies are available in the label printers market, which is bifurcated into two categories which are impact and non-impact techniques.

Label Printer Market: Dynamics

Due to increased use in organized retail for labeling is expected to drive the label printers market over the forecast period. Label printers are used in healthcare for wristbands and tags that help to patient tracking and identification, surgical procedure and specimen labels. Increased demand for wristbands label in healthcare is anticipated to impact the market growth favorably. Furthermore, the workforce of mobile sales carrying out on-field transactions has expected to increase the demand for mobile label printers.

Increased in the adoption of RFID which offers many advantages over barcode which is expected to pose a challenge to the industry growth. The label printers market is anticipated to a moderate market and high end products mainly from the United States and Western Europe. For growth and development companies used to make a strategy for merger and acquisition. Nowadays, the government has been using label printers for various purposes such as tracking, evidence, ID card printing, managing records administrations, surveillance, safety and e-citation. This will be expected to fuel the global market of label printers market over the forecast period.

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Label Printer Market: Regional Outlook

North America and EMEA are anticipated to dominate the label printers market during the forecast period. Europe is expected to leading the regional market for label printers and is expected to witness significant growth over the forecast period. During the future projected year, Western Europe is anticipated to account for the noteworthy market share for label printers. Today’s technology advancement and product differentiation are some of the primary reasons for the growth of the label printers market.

The Asia Pacific is expected to noteworthy growth during the forecast period due to huge investments by the industries in the retail sector. In addition, the development of production facilities is expected to increase the demand for label printer during the forecast period. In the Asia Pacific, china held the largest market share and recognize for a large number of production facilities paired with escalating demand from the shipping application segment. Overall, the Label Printer market is forecast to enjoy balance growth in the forecast period.

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Label Printer Market: Key Players

Some of the players operating in the Label Printer Market are Zebra Technology, Toshiba TEC Corporation, Shandong New Beiyang Information Technology Co., Ltd, Honeywell International Inc., TSC Auto ID Technology Co., Ltd, Citizen Systems Europe, Epson India Pvt Ltd, Brady Worldwide, Inc., DASCOM Americas SBI LLC, GoDEX, cab Produkttechnik GmbH & Co KG, Postek Electronics Co., Ltd., Wasp Barcode Technologies, and many more. Many local and unorganized players are expected to contribute to the Label Printer market.

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

Label Printer Market: Segmentation

The Label Printer Market is segmented on the basis of product type, technology, connectivity and application

On the basis of product type, the Label Printer Market has been segmented as follows-

Desktop Industrial Mobile

On the basis of technology, the Label Printer Market has been segmented as follows-

Thermal Transfer Impact Direct Thermal Laser Ink-Jet

On the basis of connectivity, the Label Printer Market has been segmented as follows-

Wired Wireless

On the basis of application, the Label Printer Market has been segmented as follows-

Manufacturing Logistics Retail Healthcare Government Others

Report Highlights:

A detailed overview of the parent market Changing Label Printer Market In-depth Label Printer Market Historical, current and projected Label Printer Market size regarding volume and value Recent industry trends and developments Label Printer Market Competitive landscape of the Label Printer Market Strategies for key players and product offered Label Printer Market Potential and niche segments, geographical regions exhibiting promising growth A neutral perspective on Label Printer Market Performance

Shredded paper filler market- An overview

Shredded paper filler is the most economical and eco-friendly packaging solution for exporting shipping cartons to long distances safely. Also, boxes are prone to get jostled many times between when they are dropped off during transportation. The manufacturers of shredded paper filler enable packaging of valuable products more safely and efficiently by cutting the overall risk of damage.

There are different types of shredded paper filler according to the product and box size, as each industrial shredded product offer its own benefit. Shredded corrugated cardboard paper filler is perfect for heavy & irregular shaped objects that need heavy-duty protection. On the other hand, newspaper shred can be used for glass, fruits, dishware, and fragile items that need a bit soft padding as newspapers typically are the most easily available and affordable.

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Also, shredded coloured paper filler provides an attractive and display worthy packaging look with a protection respectively. Similarly, kraft paper shred filler offer a natural look and can also be used for decorative packaging which needs a little extra care, such as gift basket with glass jar. The shredded paper filler is particularly well used in making gift hampers and basket for displays. For a variety of packaging needs at affordable prices, the different manufacturers can have a good opportunity to enter the shredded paper market.

Shredded paper filler market- Market dynamics

Shredded paper filler manufacturers use professional machinery to efficiently gain paper shred from newspaper, corrugated cardboard etc. The high powered machine cuts the paper and gives zigzag shreds of paper as output.

Apart from paper, there are various materials which are used as shredded filler such as plastic, wood, foam. Paper is preferred more in the manufacturing of shredded filler as paper shred can be recycled, are safe for the environment and allow an easy transport. Also this helps in cost cutting and saving millions of dollars.

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The paper and its products are taken to a paper mill and are then condensed by shredders that strip-cut, cross-cut and particle-cut paper into small-small shreds. After the usage, these shredded paper filler are then reduced to raw pulp, which is used in the manufacturing of new paper.

Used cardboard boxes and cartons are shredded by the help of steel cutters to produce packing material. On a larger scale recycled paper has many uses such as these can be made into high quality substances which are reliable to make walls in the buildings. On smaller scale, this recycled paper is used in manufacturing decorative items.

Due to the rise in the digital era and information safeguarding documents are also shredded for security purposes. Bank account information, medical reports and other identifying information is destroyed by shredding them in order to prevent criminals from exploiting them. Therefore, the shredded paper filler will see rising growth in the market.

Shredded paper filler market- Regional Outlook

Europe and North America has a strong market for shredded paper filler as most of the key service providers are highly concentrated in these regions. Also, markets in these regions are becoming saturated so, companies in these regions are expanding globally.  Asia Pacific is one of the promising regions for the shredded paper filler market because of the growth of many emerging economies.

Other regions such as Middle East & Africa and Latin America also have strong potential of growth opportunity for the shredded paper filler market.

Shredded paper filler market- Competitors

The different competitors in the Shredded paper filler market are as follows-

SHREDDERS & SHREDDING CO. Yiwu Zhengtang Stationery Co., Ltd Wello Gift Co., Limited Yuyao Wanji Gift Packaging Co., Ltd. ITS – Shredding & Grinding Solutions Shredhouse Ltd. Your Packaging Resource, Inc.

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Shredded paper filler market- Market segmentation

By type, the shredded paper filler market is segmented as follows-

Plain Crinkled

By material, the shredded paper filler market is segmented as follows-

Newspaper shred Kraft paper shred Corrugated cardboard shred Cellophane paper shred

By application, the shredded paper filler market is segmented as follows-

Packaging Decoration Displaying

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

Global Cement Sacks Market – An Overview

Cement sacks are made of paper, plastics, and jute. Cement sacks have high strength and load-bearing capacity and are therefore used in the building & construction industry where there is a need for heavy duty packaging solutions. The packaging industry is focusing on end-user convenience. To optimize efficiency and cost, higher preference is given to lightweight packaging solutions that deliver high performance at a lower cost.

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Cement sacks are custom designed to meet the requirements of shippers and provide high-quality protection that meets easy handling, shipping, service, and storage requirements. Cement sacks are easy to manufacture and offer a number of added benefits that go a long way in making them one of the ideal preferences in the market. Furthermore, cement sacks are highly customizable and can be manufactured as per customer requirements. Cement sacks made from plastic provides excellent water barrier.

Paper sacks are manufactured using several layers of paper and can be layered with plastic films for providing a barrier against gas and moisture. Also, what adds to the confidence of end-users is their ability of cement sacks to resist damage due to external agents like acids, organic solvents, and chemicals, which include degreasing agents. The tremendous increase in cement production will also increase the demand for packaging solutions such as plastic and paper cement sacks.

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Global Cement Sacks Market – Dynamics

The demand for cement has increased to a significant level in the emerging economies due to high growth in urbanization and industrial sectors. Cement sacks offer optimum strength and good material handling during transportation and shipping.

However, plastic cement sacks still dominate the cement packaging market in some countries but are expected to lose significance owing to the introduction of high-quality industrial paper cement sacks. It is noticed that despite being high in demand, there are very few manufacturers for cement sacks present in India and ASEAN countries. This will create enormous growth opportunities for the new entrants in the cement sacks market. Manufacturers of cement sacks are ramping up their production lines to produce cement sacks designed to be compatible with sack filler machines.

Global Cement Sacks Market – Regional Overview

Canada is expected to witness the highest CAGR for the North America cement sacks market during the forecast period. Furthermore, in the Asia Pacific region, India and China are anticipated to witness substantial growth during the forecast period. Owing to the upsurge construction sector in these 2 emerging economies. However, the cement sacks market in Middle East & Africa is estimated to witness lethargic growth during the forecast period.

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Global Cement Sacks Market – Key Players

A few of the key players in the cement sacks market are Mondi Group Plc, Klabin S.A., BillerudKorsnäs AB, Smurfit Kappa Group Plc, Conitex Sonoco USA Inc., Segezha Group, LC Packaging International BV, Rengo Co., Ltd., Gascogne SA, Industrial Development Company Sal (Indevco), etc.

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

The global cement sacks market is divided into seven major regions, which are as follows –

North America Latin America Europe South Asia East Asia Oceania Middle East & Africa (MEA) Global Cement Sacks Market – Segmentation

The global cement sacks market is segmented by material type, product type, and capacity. The pricing for cement sacks has being done based on material type segment in US$ million, and the volume is considered in tonnes.

On the basis of material type, the global cement sacks market is segmented into –

Plastic High Density Polyethylene (HDPE) Low Density Polyethylene (LDPE) Linear Low Density Polyethylene (LLDPE) Polypropylene (PP) Polystyrene (PS) Polyvinyl Chloride (PVC) Other Plastic Paper Bleached Paper Unbleached Paper Jute

On the basis of product type, the global cement sacks market is segmented into –

Sewn Open Mouth Pinched Bottom Open Mouth Valve Sacks Open Mouth Sacks

On the basis of capacity, the global cement sacks market is segmented into –

Less than 10 kg 11 kg – 30 kg 31 kg – 40 kg Above 40 kg

Report Highlights:

A detailed overview of parent market Changing market dynamics in the industry In-depth market segmentation Historical, current, and projected market size regarding volume and value Recent industry trends and developments for cement sacks market Competitive landscape for cement sacks market

According to the latest market report published by Future Market Insights, titled ‘Global Amniotic Membrane Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028’, the global amniotic membrane market is expected to expand at a CAGR of 9.3% over the forecast period 2018–2028.

FMI estimates that the global market for amniotic membrane is to be valued at US$ 955.2 Mn in 2018 and is expected to expand at CAGR of 9.3% over 2018–2028, to surpass US$ 2,322 Mn by 2028 end. Based on product type, the cryopreserved amniotic membrane segment dominated the global amniotic membrane market, with over 70% value share in 2017. The segment is expected to grow at above 9% CAGR over the forecast period of 2018–2028. North America is expected to maintain its dominance in the global market due to regulatory approvals of several new products in the U.S.

Population of all age groups has emerged as a prominent consumer base, characterized by untapped product segments for amniotic membranes to offer effective wound healing and eye surgeries. This has prompted the amniotic membrane product manufacturers to capitalize on the emerging latent opportunity. The companies in the market are optimistic with regard to increasing amniotic membrane transplants and increasing demand for amniotic membrane products around the world, particularly in North American countries. It is more than likely that over the span of the next four to five years, the companies focus on developing innovative products and designing market level strategies to leverage the potential opportunities emerging in parallel with growing human population with various chronic diseases.

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Amniotic membrane products such as Amniotic Allograft Membrane and Amniotic Allograft Suspension used to treat surgical wounds and defects of the corneal epithelia have gained traction over the last two decades. The major types of amniotic membranes such as cryopreserved amniotic membrane and lyophilized amniotic membrane have evolved back in the 1990s, but they became significant and the market for amniotic membranes to be used on humans boomed over the past fifteen years.

The global amniotic membrane market has been segmented on the basis of product type, application, end user and regions. Globally, cryopreserved amniotic membrane is the most attractive segment from manufacturers’ point of view. Cryopreserved amniotic membrane is majorly used in ocular surface eye surgery owing to its positive effect on wound healing due to its anti-inflammatory property. Among all end users of amniotic membrane, high demand for amniotic membrane is expected to come from the hospitals segment due to rising application of amniotic membrane in advanced surgical healing.

By volume, the global amniotic membrane market is expected to expand at 11.4% over the forecast period of 2018–2028. With nearly 43% market value share, North America dominated the global amniotic membrane market in 2017, partly due to penetration of newly approved products in the U.S. Western Europe, the second large market globally, with U.K., France and Germany being countries with high growth rates., is expected to gain 110 BPS in its market share over 2018–2028. APEJ is expected to be the third large market for amniotic membrane. APEJ and China collectively are expected to contribute over 15% share in the global market by 2028 over 2018.

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The market for amniotic membrane is highly consolidated with top 5 players contributing over 60% of the revenue share in 2017. Examples of some of the key players identified in the global market are Integra LifeSciencesm Inc., MiMedx Group, Inc., Alliqua BioMedical, Inc., Skye Biologics Inc., Katena Products, Inc., Tissue-Tech Inc., Amnio Technology, LLC, Applied Biologics LLC, Human Regenerative Technologies, LLC, etc. Depth of research, along with proper documentation and statistical validation are factors that could determine a player’s success in the global amniotic membrane market

Some of the key points identified in global amniotic membrane market are:

• FMI forecasts the global amniotic membrane market to grow at a CAGR of 9.3% over the forecast period by 2028 end. The growth in revenue generation across the amniotic membrane market is registered on the account of rise in amniotic membrane transplants in both developed and developing economies.
• The hospitals segment has proved to be the leading end user segment on account of increase in number of amniotic membrane transplants, growing awareness among the people about the benefits of the amniotic membrane transplant.
• Ease of FDA approval for novel and innovative amniotic membrane allografts coupled with adoption of amniotic membrane for varied applications would boost the revenue growth in Germany & the U.S. markets.
• Most often, apart from major applications including surgical wound and ophthalmology, the use of amniotic tissue in orthopaedic surgery, sports medicine and podiatry treatment has increased in the recent years.
• The amniotic membranes used majorly to treat human surgical wound needs to be FDA approved, thus amniotic membrane manufacturers focus on getting fast FDA approvals.

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Reasons to Buy the report

• We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
• Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
• The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.

Explore Wide-ranging Coverage of FMI’s Healthcare Market Insights Landscape

• Amniotic Fluid Detection Market
• Membrane Microfiltration Market
• Membrane Filter Cartridge Market

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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The global instrument cleaners and detergents market is estimated to register growth at a CAGR of 4.1% during the forecast period 2021-2031, which showcases improvement over a CAGR of 3.5% registered between 2016 and 2020. Rising prevalence of hospital-acquired infections (HAI) and other surgical site infections will drive the growth in the market.

According to the National Nosocomial Infections Surveillance system of the Centers for Disease Control and Prevention (CDC), nearly 27 million surgical procedures are executed in the U.S., out of which, around 5% of surgical site infections are recorded every year. Increasing prevalence of surgical site infections is estimated to spur the demand for effective sanitization, in turn, boosting the sales of instrument cleaners and detergents.

Detergents are anticipated to be the top choice for numerous end-users owing to the increasing focus on point-of-care cleaning products. Detergents are dominating the market with the largest market share and is predicted to reach nearly 73% in the year 2021.

North America is expected to dominate the instrument cleaners and detergents market on the back of high medical care awareness due to the increasing prevalence of chronic diseases and hospital-acquired infections (HAI). The region is anticipated to account for approximately 35% of the instrument cleaners and detergents market in the year 2021 making the region a center point for the market growth.

“Leading market players operating in the instrument cleaners and detergents market are focusing on developing new products such as nitroglycerin spray to cater to the growing demand for sanitization amid COVID-19 outbreak,” says the FMI analyst. 

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Key Takeaways

• In North America, the U.S. is leading the instrument cleaners and detergents market with over 75% of the market share within the region.
• The U.K. is expected to demonstrate a steady growth at a CAGR of nearly 4% owing to the presence of prominent players and increasing drugs pipeline.
• Germany, home to the world’s top pharmaceutical companies, is anticipated to account for around 22% of market sales in Europe by 2031.
• In South Asia, India will account for nearly 38% of market sales in 2021, on the back of increasing patient pool due to the emergence of new diseases.
• Based on end-users, hospitals are projected to dominate the segment with revenue generation of over US$1.1 billion by 2031.

Key Drivers

• Rising prevalence of hospital-acquired infections (HAI) is expected to fuel the demand for instrument cleaners and detergents.
• Increasing number of medical procedures and repetitive use of medical equipment are the factors boosting the market growth.
• Emergence of sanitization amid COVID-19 is propelling the sales of instrument cleaners and detergents.
• Ongoing expansion of the healthcare infrastructure will provide growth opportunities for the instrument cleaners and detergents market.

Key Restraints

• Lack of awareness regarding hospital-acquired infections (HAI) might hamper the market growth.
• Poor healthcare infrastructure and low healthcare expenditure in developing and under-developed economies are the factors restraining the growth of the market.

Discover more about the instrument cleaners and detergents market with figures and data tables, along with the table of contents. You will also find detailed market segmentation on https://www.futuremarketinsights.com/ask-question/rep-gb-10828

Competitive Landscape

Leading market players operating in instrument cleaners and detergents market are aiming for strategic collaborations with other market players and emphasizing on expanding their manufacturing facilities in other regions to expand their global market share. For instance,

• Fortive Corporation, the U.S. based company and Pioneer Square Labs announced formation of a joint innovation studio, in 2020, to create new companies in the industrial technology space.
• In December 2020, Medline Industries, Inc., the U.S. based company, laid foundation stone for the setting up new project in Slovakia to expand their market sales in Eastern Europe.

Leading players profiled by FMI operating in instrument cleaners and detergents market include:

• Metrex Research, LLC
• Ruhof Corporation
• Case Medical, Inc.
• Certol International LLC
• Dr. Weigert
• Biotrol
• ORO Clean Chemie AG
• Medalkan
• STERIS Plc
• Getinge Group
• Ecolab Inc.
• 3M Co.
• Cantel Medical Corporation
• EQT (Schülke & Mayr GmbH)
• Fortive Corporation (Advanced Sterilization Products)
• Medline Industries, Inc.

More Insights on FMI’s Instrument Cleaners and Detergents Market

The latest market study on global instrument cleaners and detergents market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of

By Product Type:

• Cleaners
  • Liquid Solutions
  • Foam-based Cleaners
  • Gel-based Cleaners
• Detergents
  • Enzymatic Detergents
  • Neutral Detergents
  • Acidic Detergents
  • Alkaline Detergents

By Process Type:

• Presoak
• Manual cleaning
• Automatic Cleaning
• Disinfection

By Instrument Type:

• Surgical instruments
• Endoscopes
• Ultrasound
• Dental Instruments
• Others

By End User:

• Hospitals
• Ambulatory Surgical Centers
• Diagnostic Centers
• Specialty Clinics
• Others

By Region:

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

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Worldwide sales of companion animal drugs is set to reach ~ US$ 32 Bn by 2019-end, unveils the new research study by Future Market Insights (FMI). According to the report, the companion animal drugs market is estimated to grow by ~ 4% YOY in 2020, primarily influenced by growing adoption of pets across the globe.

According to the report, increasing focus on pet healthcare is likely to contribute to the build-up of the companion animal drugs market by the end of 2029. Inclination towards compounded drugs to maintain animal health and welfare is expected to increase the sales of companion animal drugs market in 2019 and beyond.

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Increasing Urbanization and Growing Affluence in Developing Countries to Benefit the Market

Increasing urbanization level and growing affluence, especially in developing countries, have been driving the adoption of pets, thus leading to increased demand for healthcare products for pets such as companion animal drugs. Continued urbanization has also resulted in increasing prevalence of various diseases such as allergies, lower appetite, reduced energy and behavioral anxieties among small companion animals. This has been driving the demand for innovative classes of medicines such as companion animal drugs.

Upcoming Therapeutic Innovations in Pet Care to Aid Market Growth

Besides traditional drugs, animal health companies have also been investing in smart diagnostic care to help prevent diseases before the actual onset. Companies are also trying to develop generic capabilities to demonstrate bioequivalence to reference prescription drugs in the companion animal drugs market, as many key drugs no longer benefit from intellectual property protection. The development of new vaccines and medications for animals are expected to support the growth of the companion animal drugs market over the forecast period.

Increasing R&D activities and shorter drug-lifecycle are playing an important role in the growth of the companion animal drugs market. Innovations in companion animal drugs are easier and sustainable for a longer period of time, while R&D cycle time are shorter (~ three years) in the Companion Animal Healthcare (CAH) industry as compared to human health, ranging between seven and 15 years for other drugs. This increases return on investment in companion animal drugs and leads to faster profits for the market players.

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Collaborative Ventures to Promote the Companion Animal Drugs Market Growth

Collaborative ventures such as One Health promotes unification of veterinary and medical sciences, leading to better disease surveillance, control and education, especially for companion animals such as dogs and cats. One Health venture enables identification of alteration in infection travelling patterns. The patterns are changing mostly in case of parasites due to change in climate and increasing host-vector interactions. Some organizations helping in monitoring of One Health in companion animals are Companion Animal Parasite Council and European Scientific Counsel Companion Animal Parasites.

Such ventures are expected to complement the growth of the companion animal drugs market.

Low Awareness of Animal Diseases to Hamper the Companion Animal Drugs Market Growth

In many developing countries, people lack awareness regarding certain serious companion animal diseases as opposed to livestock diseases, which are more regularly monitored. This is primarily true with regards to pet vaccinations, which is a mandatory requirement for up to three years. Additionally, parasitic medications for companion animals and livestock are different. Lack of awareness with regards to differentiation of these medication varieties leads to adverse drug side effects and thus low administration of companion animal medications. Such factors are likely to create a hindrance in the growth of the companion animal drugs market.

Also, majority of animal healthcare drugs have limited scope for patent extension, primarily due to drug portfolios dominated by drugs that have crossed maturity, which in turn is expected to deter the growth of the companion animal drugs market over the forecast period.

This study underlines key opportunities in the companion animal drugs market and finds that the market would exhibit growth at a value CAGR of ~5% during forecast period. For in-depth information on companion animal drugs market, write in to the analyst at press@futuremarketinsights.com

About the Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here