Breathable Films Market is set to grow by 6% CAGR during the forecast period 2020 – 2030

Breathable films are integral part of diverse industrial applications like pharmaceuticals, medical, hygiene & personal care, food & beverage, sanitary napkins, incontinence products, hospital disposables like gloves, PPE kits, food packaging and others. The global urbanizations taken place in the last decade has worked as the driving factor to boost the breathable films market growth which tends to sustain in the upcoming forecast period (2020-2030).

As researched thoroughly by FMI analysts, the global Breathable Films market is set to grow during the forecast period of 2020-2030 to reach US$ 927.8 Bn by 2030.

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Some of the key takeaways from the report are as follows-

  • Global breathable films market is anticipated to grow at CAGR of 6% during the forecast period, starting from 2020 to 2030
  • Among materials, polyethylene breathable films are expected to dominate the market due to their diverse applications and low cost
  • In terms of type, micro-porous segment expected to emerge dominant while the monolithic segment is likely to remain in the next leading position during the forecast period
  • Hospital disposables sector emerges as key end user, exhibiting high demand for products such as surgical masks, gloves, PPE kits, and others.
  • North America expected to continue dominating among regional segments
  • In the category by end-users, hospitals to dominate the market during the forecast period. Food and beverages, personal care and hygiene, Apparel and clothing and others to remain in the dominant market positions in the current and near future.

Covid-19 Impact Analysis

Due to the COVID-19 pandemic there is surge in demand of several products starting from personal hygiene to pharmaceuticals and medical disposables like gloves, masks, PPE kit and others which are accelerating the growth of breathable films market globally. Despite of the disruption in manufacturing units or logistics services due to the ongoing pandemic, drop in GDP, job recessions and other factors, the overall market value is set to experience year-to-year growth and expansion throughout the forecast period. East Asian countries to significantly contribute to the global breathable films market due to increased urbanization, demography of the region, medical expenses of the large number of population and other factors.

“Lifting of China’s one child policy ban and rapidly growing aging population is likely to accelerate the demand in global breathable films market. Moreover, rapid growth in medical developments resulting increase in old age populations which is likely to impact the breathable films market positively in the near future” says an FMI analyst.

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Who is winning?

According to the report by Future Market Insights, the leading market players of the breathable film market are adopting various strategies to sustain in the competitive edge.

As the global market offers impressive opportunities, the key market players such as Schweitzer-Mauduit International, Inc., Berry Global Inc., and American Polyfilm, Inc., focusing on expanding their geographic presence to gain competitive advantage.

Some of the leading market holders in the global breathable film market-

  • Trioplast Industrier AB
  • Innovia Films
  • Arkema Group
  • LyondellBasell Industries N.V.
  • RKW Group
  • Fatra
  • Covestro AG
  • DuPont de Nemours, Inc.
  • Kimberly-Clark Corporation

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More Valuable Insights on Global Breathable Films Market

In the latest report, Future Market Insights depicts and analyses an unbiased research on the global breathable films market, along with the historical data for period of 2015-2019 and forecast statistics for the upcoming period of 2020-2030. To understand the scope, growth, strategies and opportunities in the breathable films market, the global market is segmented on the basis of material (polyethylene, polypropylene, polyurethane, and others), Film type (micro-porous, monolithic/non-porous), end-user industry (medical, food and beverages, pharmaceuticals, personal care and hygiene, apparel and clothing, building and construction, and others), across six major regions (North America, Latin America, Europe, East Asia, South Asia-pacific, MEA).

mHealth Solutions Market is expected to reach US$ 685.9 Bn by 2030, Exclusive Report By Future Market Insights

The penetration of smartphones, tablets, and other mobile devices is increasing rapidly, which is creating growth opportunities for the mhealth solutions market. mHealth has a wide range of uses, from chronic care management to complex population health analysis.

Moreover, the increasing shift toward outcome-based delivery and a patient-centric model is creating rapid demand for mHealth for healthcare transformation. The increasing adoption of mobile devices and fitness trackers, driven by growing health awareness among people, is encouraging the key players to develop enhanced health-oriented smart devices, and this is driving the market. To capitalize on this potential revenue opportunity, various healthcare solution providers are expected to follow suit in the near future. This is expected to pave the way for customer application development services in the healthcare sector.

The global m-health solution market is estimated to register a CAGR of 26.8% during the forecast period of 2020-2030.

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Key Takeaways: M-Health Solution Market

  • Patient segment among the end user is estimated to register a CAGR of 32.5% during the forecast period as the adoption of m-health apps is increasing among patients for keeping track of their health and as preventive measure
  • Disease tracking segment to dominate in 2020 with a market share of 31.7% followed by patient monitoring
  • Growing trend among young age population to maintain healthy lifestyle through various diet and exercise routines is increasing demand for fitness apps. The fitness apps segment is estimated to grow by 28% Y-o-Y from 2019 to 2020
  • Among regions, South Asia & Pacific m-health solution is estimated to register high CAGR, owing to the increasing investments by government in digitalization of the healthcare industry

 “The growing demand for new types of wearable devices and application for tracking health & fitness and partnership among key players for offering innovative m-health services to enhance the user experience. Also, with continuous innovation in the technological aspects, m-health devices like wearable fitness trackers are offering various features for its customers and introduction of m-health apps for monitoring and keeping track of health is driving the market growth during the forecast period.,” says FMI Analyst.

COVID-19 Impact Analysis on M-Health Solution Market

COVID-19 pandemic has impacted every sector and due to social distancing norms organizations are transforming towards digitalization to ensure the safety. Due to pandemic the adoption of digital health technologies has increased to help health professionals and public stay up to date about disease, maintain communication and for better strategic planning. The demand is increasing for m-health solutions as these m-health solutions are used to identify the COVID-19 symptoms through remote patient monitoring platforms.

The fear of infection among the people have led them to adopt m-health devices and applications as these devices give people accurate feedback on their blood pressure, body temperature, oxygen level which are restoring the sense of control in people. However, the m-health solution market is estimated to witness a growth of 1.3X in 2020 and 2021 as well.

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Demand for Cloud-based Solutions and Services

Cloud-based services are an attractive means of deploying IT solutions, as they reduce IT infrastructure costs while accelerating the speed of operations for healthcare organizations. This is, in turn, expected to drive the demand for cloud-based mhealth solutions. Cloud based solutions offer increased flexibility, storage and automation. Moreover, using cloud storage, clinical images can be accessed by multiple doctors from any location. Furthermore, mhealth solutions and service providers are increasingly investing in research and development activities to cater to the growing demand for consumer-centric and cloud-based solutions. Increasing competition is influencing companies to introduce innovative cloud-based offerings and upgrade their existing product portfolio to enhance their presence in the market.

More Valuable Insights on M-Health Solution Market

FMI’s report on the m-Health Solution market is segmented into four major sections such as product & services (m-health devices, apps and services), application (disease tracking, wellness management, patient monitoring, others), end user (physician, patients, hospitals, healthcare insurance vendors, and others) and region(North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and lucrative evaluate opportunities in the m-health solution market.

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About Future Market Insights (FMI)

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

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Airless Packaging Market presents a holistic analysis of the key factors likely to influence growth during 2020-2030

Future Market Insights’ latest report on the airless packaging market presents a holistic analysis of the key factors likely to influence growth during 2020-2030. According to a new study by FMI, global demand for airless packaging will witness a deceleration in the short-term, however, growing e-commerce sales will induce an early recovery.

Traditionally, airless packaging is used on a large scale in cosmetics sector; FMI believe status-quo to remain unchanged during the assessment period. Various cosmetics manufacturers are diversifying into body care products, which is considered the primary driver for airless packaging solutions.

Airless packaging manufacturers are exploring several innovative packaging solutions by incorporating various material such as high-density plastics, glass and other eco-friendly material in order to attract potential clients.

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Key Takeaways

  • By packaging type, bottles and jars will remain the most preferred options
  • Polypropylene derived plastic packaging material will remain the most sought after due to its lightweight and inert properties
  • Europe will be the largest market for airless packaging; market growth will be complemented by surging airless packaging adoption in Asian countries
  • Airless pumps are likely to surge in popularity, attributed to their nearly 100% dispensing rate
  • Demand for sustainable packaging solutions compelling vendors to incorporate eco-friendly materials

“Increasing virtual transactions regarding cosmetics is prompting airless packaging manufacturers to offer safe packaging solutions to prevent any damage during transit,” comments the FMI analyst.

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COVID-19 Impact Analysis

The COVID-19 pandemic has led to a global financial crisis, with production cycles across prominent industrial domains being immensely disrupted. Supply chain distortions are narrowing revenue and profit margins, leading to significant shortfalls in cash reserves.

The aforementioned impacts are also being felt across the airless packaging landscape, albeit at a moderate level. As traditional brick and mortar sales of cosmetics have dipped, consumers are relying on e-commerce channels to purchase their products. This is sustaining the demand for airless packaging solutions.

Until 2022, a mild deceleration of growth is expected due to government mandated lockdowns which have disruption various logistical apparatuses required to transport the required material to manufacture airless packaging products. Post-pandemic, however, growth is expected to be restored to its normal trajectory, offsetting all disruptions and shortfalls.

Competitive Landscape

The global airless packaging market landscape is characterized by the presence of several reputed and small-scale players. A number of strategies, including product differentiation, pricing, product customization and collaborations, are deployed by these players to increase their presence.

Some prominent players within this landscape are Aptar Group Inc., Albea Beauty Holdings SA, LUMSON SPA, Silgan Holdings Inc., HCP Packaging, Quadpack Industries, Libo Cosmetics Company and Fusion Packaging among others.

In May 2020, Aptar Group Inc. successfully launched the Essencia Screw Pump for refillable fragrances. This product launch was in response to surging demand for sustainable packaging solutions. The pump allows eco-conscious consumers to refill and reuse the pump for multiple uses.

Recently, Albea Beauty Holdings SA’s dispensing product portfolio was acquired by Silgan Holdings Inc. This acquisition aims to expand the latter’s dispensing solutions portfolio and capture a much larger customer base. The company’s most recent product launch includes the Mini NEA Lotion Pack tubes measuring 17 mm in diameter.

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More Valuable Insights on the Airless Packaging Market

Future Market Insights, in its new report, offers an unbiased analysis of the global airless packaging market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the hermetic packaging market on the basis of packaging type (bottles & jars, bags & pouches, tubes and others), material (plastic, glass and others) and dispenser type (pumps, dropper and twist & clicks) across seven regions.

Automotive Semiconductor Market is set to grow steadily at a CAGR of 7.0% during the forecast period from 2020 to 2030

Automotive semiconductor market is expanding at an impressive pace. Despite disruptions faced during the ongoing pandemic, the global automotive semiconductor market is forecast by Future Market Insights (FMI) to rise at 7.0% CAGR between 2020 and 2030. The leading market players are set to leverage the rising requirements of electric vehicles and the digital safety features like Advance Driver Assistance System (ADAS).

Based on historic research and current data, the market is forecast to showcase steady growth as a result of the rising demand for electric vehicles, automotive safety standards and modern automotive technologies across various countries.

While the market growth is accelerating quite steadily, the COVID-19 pandemic has impacted the manufacturing sectors. However, despite disruptions witnessed in production, market players are expected to focus on research initiatives, which will enable growth in the market in the coming years.

For instance, Broadcom Inc. has come up with their wide varieties of automotive solutions like vehicle connectivity and networking, optical isolation and sensing, wireless communications, LED lighting in the current year.

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According to the report, the increasing production of vehicles and surging demand for safety feature have been resulting in the incorporation of the electrical systems in the automotive industry. The overall growth curve of the market tends to remain upward during the forecast period.

Some of the key takeaways from the report are highlighted below:

  • The global automotive semiconductor market will grow steadily at a CAGR of 7.0% during the forecast period of next ten years (2020 to 2030)
  • Passenger vehicles to continue leading the market among vehicle type-wise segments
  • The market value of the automobile semiconductors for the applications such as body, safety, power train and others to experience an overall growth by 7.0% CAGR during the forecast period
  • The automobile semiconductors for the micro-components (processors) to remain the dominant component of the global automobile semiconductor market. As per the research, the segment is about to gain an accelerated growth of 7.0 % CAGR during the forecast period (2020-2030)
  • Region-wise Europe and South East Asia to exhibit the highest growth. North America and Latin America to hold the leading market position

“Digitally equipped automakers are adapting their mobile platforms for developing in-car entertainment and car platforms. Technology-based players have made collaborations with media-streaming devices and services manufacturers owing to aggressive capital investment and their core capabilities. Therefore, owing to digital connectivity such as vehicle-to-vehicle communication the automotive semiconductor market is expected to fuel up over the forecast period.” says an FMI analyst.

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Covid-19 Impact Analysis

Due to the COVID-19 pandemic there is global decline in the automotive demands as a result of the manufacturing units’ shutdowns, drop in GDP and other factors. The market growth is to decline further in the upcoming months.

The electrical and digital vehicles being the major source of the automotive semiconductors demands, the global automotive semiconductor market is about to decline by 5% in 2020. Despite of the complete shutting down of the production plants during the lock down, the overall year-to-year growth of the automotive semiconductor market is expected to be 5%-8% by 2021.

Who is winning?

In this report, Future Market Insights has thoroughly researched the various strategies which are being used by major businesses in the automotive semiconductor market. As the unlimited scope and opportunities subsides, the leading market players like Intel Corporation, NVIDIA Corporation, Samsung Semiconductor etc. is taking strategic actions in order to keep them in the top positions globally.

Some of the leading competitors in the global automotive semiconductor market-

  • Intel Corporation
  • Samsung Semiconductors
  • NXP Semiconductors
  • NVIDIA Corporation
  • Broadcom Inc. (AVGO)

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More Valuable Insights on Automotive Semiconductor Market

In its latest report, Future Market Insights offers an unbiased analysis of the global automotive semiconductor market, providing historical data for period of 2015-2019 and forecast statistics for the period of 2020-2030. To understand the growth and opportunities in the automotive semiconductor market, the market is segmented on the basis of component (micro-component (processor), memory device, logic, optical and sensors, analog IC, discrete devices (power)), vehicle type (passenger, light commercial vehicle, heavy commercial vehicle), application (body, safety, telematics and infotainment, power train, chassis), end-use industry (automotive, electronics and others), across six major regions.

 

Foodservice Paper Bags Market will attain a global valuation of US$ 1.45 Bn by 2030

In its new market study, Future Market Insights (FMI) has forecasted that the global foodservice paper bags market will record healthy growth between 2020 and 2030, and will progress at a CAGR of 5.4%. Moreover, the study projects that the market will attain a global valuation of US$ 1.45 Bn by 2030.

In the recent past, rising concerns regarding alarming levels of pollution caused by plastic have compelled several nations to impose a ban on plastic materials. This is promoting foodservice providers to opt for sustainable packaging solutions, thus driving the demand for paper bags.

Along similar lines, the proliferation of online food delivery and the growing trend of on-the-way meals are positively influencing the adoption of paper bags in foodservice applications. As end-users seek packaging solutions that are strong and leakage-proof, manufacturers are emphasizing on innovation in product design.

“Market players are focusing on developing products with high tensile strength and better quality to gain an edge over their counterparts, plastic bags, which are stronger than paper bags,” remarks FMI analyst.

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Key Takeaways

  • Brown kraft-based paper bags are expected to account for more than 4/5th of market value, owing to their stiffness.
  • Non-handle bags will remain the most sought type, capturing nearly 2/3rd of market value, backed by their convenience and low cost.
  • On the basis of end-use, restaurants are poised to capture more than half of overall global value, ascribed to the rising trend of take-away.
  • Europe is projected to spearhead the regional landscape of the market, capturing more than 1/3rd of market value.
  • East Asia will prevail as the second most lucrative regions through the forecast period, holding a quarter of the market value.

COVID-19 Impact on Foodservice Paper Bags Market

The outbreak of COVID-19 is exhibiting a dual impact on the packaging industry and it clearly reflects in the demand for paper bags in the foodservice sector. As people across the world remain confined in their homes, packaged food has emerged as a solution for their food cravings.

With efficient online food delivery services in place, consumers are resorting to online orders. This will aid the demand for paper bags to sustain during the forecast period to an extent. However, the closure of restaurants and other food outlets coupled with limitations on the production front will pose a challenge to the steady growth of the market during the pandemic.

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Who is Winning?

Key players in the market are focusing on producing sustainable products to comply with the existing norms on packaging methodologies. Along similar lines, traditional growth strategies such as acquisitions, mergers, and expansions will continue to shape the competitive landscape. On these lines:

  • In 2019, Amcor launched a new recyclable packaging format that is capable of reducing carbon impact by 64%.
  • In the same year, Westrock company completed acquisition of KapStone Paper and Packaging Corporation with an intention to expand its product portfolio.

FMI’s report includes profiles of some of the most prominent names in the market including WestRock Company, Huhtamaki Oyj, Paperbags Limited, Novolex Holdings LLC, Ronpak Inc., The Mondi Group LLC, Amcor Ltd., Vegware Ltd., Stora Enso Oyj., Smurfit Kappa Group, International Paper Company, Georgia Pacific LLC, Welton Bibby And Baron Limited, Biopac (UK), United Bags Inc. and Global-Pak.

To Know More About Foodservice Paper Bags Market

A new market research report published by Future Market Insights (FMI) on the global foodservice paper bags market offers a blueprint of the market. It offers insights into demand trends and provides analysis of opportunities over the forecast period, 2020-2030. The report examines the market through four different segments – material, bag type, end-use, and region. The report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply and product adoption across several end-use industries.

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About Future Market Insights (FMI)

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

Contact:
Corporate Headquarter
Future Market Insights,
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Plot No: JLT-PH2-X2A,
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United Arab Emirates
Website: https://www.futuremarketinsights.com

Hepatitis C Virus (HCV) Testing Market Potential Growth, Size, Share, Demand And Analysis Of Key Players – Research Forecasts To 2027

Hepatitis C Virus (HCV) Testing Market Overview

Increasing burden of infectious diseases on healthcare system is a main concern across the globe and developing countries have heavy share of infectious disease burden. Burden of hepatitis C virus infection is growing over the years. According to Institute of Liver and Biliary Sciences India, approximately 3% of global population is infected with hepatitis C virus infection. HCV leads to chronic infection in 80% of infected patients. Initial testing for hepatitis C virus uses serological assays to detect antibodies against HCV in blood samples. As per recent guidelines for hepatitis C screening by Centers for Disease control and Prevention (CDC), cut-off ratio for anti HPV antibodies is added which helps to decide additional assays for confirmation of screening results. Nucleic acid amplification test (NAT) is used as a confirmatory test and to determine viral load. All positive antibody tests are followed by RNA test.  Genotyping tests for HCV are used in clinical management of HPV to determine viral load and optimal duration of treatment. Long term Use of injection drugs, use of non-sterile needles for tattooing and body piercing etc. are common causes for spread of hepatitis C virus infection.

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Hepatitis C Virus (HCV) Testing Market: Drivers and Restraints

Growing incidence of hepatitis C virus infection is the major factor driving growth of global hepatitis C virus testing market. Inappropriate practices of blood donation is the major cause for spread of hepatitis C virus infection. Hepatitis C screening is the mandatory screening test prior to organ donation, and growing organ donation programs across the globe is expected to push the market growth. Launch of point of care testing products for HCV testing increases demand for HCV testing kits. In 2010, OraQuick HCV Rapid Antibody Test was approved by FDA which is now largely being used as an alternative to enzyme immunoassay testing for HCV. Application of new electrochemical immunosensor and genosensor technologies in HPV testing are expected to change conventional HPV testing practices.  However, inadequate insurance coverage for hepatitis C testing and limited access to regular health care are the factors restraining the growth of global hepatitis C virus testing market.

Hepatitis C Virus (HCV) Testing Market: Overview

Prevalence of hepatitis C is low when compared to hepatitis A and hepatitis B. Thus little efforts are being taken to develop novel tests for hepatitis C virus testing. Among all 3 test types, HCV antibody testing is expected to take highest share in global hepatitis C virus testing market, as antibody testing is the primary screening test for HCV testing and large population undergo routine HCV antibody testing. Among end users, diagnostic centers end user segment is expected to contribute highest market share in global HCV testing market.

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Hepatitis C Virus (HCV) Testing Market: Regional Outlook

Geographically, hepatitis C virus testing market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. Western Europe is expected to dominate global hepatitis C virus testing market over the forecast period due to high incidence of HCV. Asia Pacific is expected to be the second largest market for HCV testing. According to WHO, Eastern Mediterranean and European region have the highest prevalence of HCV with the prevalence of 2.3% and 1.5%, respectively. HCV virus shows significant genetic variations in global population due to high rate of viral RNA mutation.

Hepatitis C Virus (HCV) Testing Market: Key Players

Some of the players identified in global hepatitis C virus testing market include OraSure Technologies, Inc., Abbott Laboratories Inc., Siemens Healthcare GmbH, Bio Rad Laboratories Inc., Ortho Clinical Diagnostic Inc. (Johnson & Johnson), Bayer AG, QIAGEN N.V., Thermo Fisher Scientific Inc., BioGenex, AccuQuick, Roche Diagnostics (H. Hoffman-La Roche Ltd.), STD Rapid Test Kits etc. among others.

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

The report covers exhaustive analysis on:

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

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
  • Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, Rest Of MEA)

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

Hepatitis C Virus (HCV) Testing Market: Segmentation

Tentatively, global hepatitis C virus testing market has been segmented on the basis of test type, technique, end user, and geography.

Based on technique, global hepatitis C virus testing market is segmented as below:

  • Immunoassays
  • Polymerase Chain Reaction (PCR)
  • Others

Based on test type, global hepatitis C virus testing market is segmented as below:

  • HCV Antibody Tests
  • HCV Viral Load Tests
  • HCV Genotyping Tests

Based on end user, global hepatitis C virus testing market is segmented as below:

  • Hospitals
  • Diagnostic Centers
  • Blood Donation Centers

Report Highlights:

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

How the latest Technological Advancements are Spurring Growth of Pumps and Trigger Spray Market: New Report Analyzes

FMI states in its recent study on pumps and trigger spray that the market will record a CAGR of 6.5% through 2030. Demand for pumps and trigger spray is anticipated to continue surging especially due to their extensive use across personal care, home care, and pharmaceutical industries respectively.

Pumps and trigger spray market will continue exhibiting high growth despite ongoing COVID-19 crisis. The rising demand for personal hygiene products since pandemic’s onset has been spurring growth prospects. Future Market Insights (FMI) offers a comprehensive overview of the market in a new study. It uncovers hidden opportunities and offers insights into potential threats.

“As technological advancements continue penetrating the global packaging landscape, manufacturers are increasingly developing novel solutions and innovations to design state-of-the-art and highly sophisticated pumps and trigger sprays.” says the FMI analyst.

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Pumps and trigger spray Market – Important Highlights

  • According to product type, trigger sprays are anticipated to hold the biggest share, generating more than 50% of the revenue by 2020-end.
  • By material type, HDPE plastic is expected to remain the most used packaging material, due to its recyclability and sustainability
  • The cosmetics and personal care sector is expected to continue remaining as a prominent end-user of pumps and trigger spray during the forecast period.
  • The market across North America is expected to grow at a CAGR of 5.7% through 2030.
  • South Asia is anticipated to emerge as the fastest-growing market, mainly due to its widespread application across several industries.

Pumps and trigger spray Market – Drivers

  • The rapid rise in sales of consumer products such as cosmetics and fragrances is expected to be the key market driver during the forecasted years.
  • Growing demand across the automotive industry to ensure the safety of operations during aerosol spraying.
  • Rising environmental concerns will compel the key market players to focus on eco-friendly products with the global commitment to achieve sustainability which will drive the market growth further.

Pumps and trigger spray Market – Restraints

  • High manufacturing and installation costs are expected to remain a key constraint for the market.
  • Limited applications of pumps and trigger sprays due to their design are creating deterrents.

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COVID-19 Impact on Pumps and trigger spray Market

The COVID-19 pandemic has increased the growth prospects of the pumps and trigger sprays market by several times. The industry is set to expand the most across the pharmaceutical and homecare sectors. Since the pandemics have set, demand for personal hygiene products such as hand sanitizers and home cleaning fluids has been rising at a rapid rate. A peak in sales has been observed across all regions of the world during this period, and sales have continued to rise, thus generating massive demand for pumps and trigger sprays. Initial production difficulties due to lockdowns resulted in a minor dent in the industry, which made a quick turnaround.

Competitive Landscape

The pumps and trigger spray market players are leaning towards the incorporation of several latest technologies besides opting for strategic collaborations to attain a competitive edge.

For example, Guala Dispensing GmbH focuses on product development partnerships by including optimization of transformation technology, develop polymeric materials of great performance with enhanced environmental sustainability. Some of the key market players which FMI has profiled in the study include Guala Dispensing S.p.A., Silgan Dispensing Systems Corporation, Afa Dispensing, Bramlage Division GmbH & Co.KG, JMS Packaging, The Packaging Company, Kläger Plastik GmbH

About the Study

The study offers readers a comprehensive assessment of the pumps and trigger spray market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on product type (Trigger sprays, pumps), application(cosmetics, body care, fertilizers, and others), and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

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About Future Market Insights

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.

Semiconductor Wafers Market: Development History, Current Analysis and Estimated Forecast to 2030

ESOMAR-certified market research company Future Market Insights’ (FMI) recently published semiconductor wafers market study projects a largely positive growth trajectory for the 2020-2030 assessment period. The study divulges key dynamics responsible for shaping the future growth prospects of the market.

Deepening 5G technology penetration is amongst the primary growth drivers, as business houses and corporates look towards diversifying their future operations. By 2024, 5G networks shall cover 2/5th of the globe, handing a quarter of all mobile traffic data. Thus, production of wafers to manufacture ICs for 5G devices is rising.

Manufacturers are increasingly preferring gallium nitride semiconductor chips over the conventional silicon based chips, as the latter tends to have less temperature tolerance.

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Key Takeaways

  • By application, automotive semiconductor wafer to experience nearly twofold growth until 2030
  • Extensive applications to be witnessed across consumer electronics, particularly in the manufacturing of integrated circuits (ICs)
  • By size, 150-200 mm semiconductor wafers is likely to generate over 2/3rd revenue share by 2020-end
  • East Asia to emerge as the market hegemon, with China pivoting maximum growth, Europe and North America remain highly lucrative
  • Global semiconductor wafers market to register value CAGR worth 5.6% through 2030

“Growing penetration of automation is accelerating demand for self-driven vehicles, an application area which is anticipated to generate lucrative growth prospects for leading semiconductor wafer manufacturers,” remarks the FMI analyst.

COVID-19 Impact Analysis

The novel coronavirus pandemic has ushered in multiple impacts across the global semiconductor wafers market. Stringent government-mandated lockdowns have contracted production of automotives, a key application area for semiconductor wafers.

A 16% decline was experienced in the global automotive industry since the past few months, thereby restraining sales of semiconductor wafers for multiple purposes such as infotainment systems, collision detection and navigation.

Simultaneously, surging sales of consumer electronic products is keeping the semiconductor wafers market demand afloat, particularly across emerging economies. With mandatory lockdowns imposed, corporate entities, educational institutions and entertainment houses are encouraging virtual interactions, thus upscaling demand for smartphones, tablets and laptops.

Taking the aforementioned trends into account, the semiconductor wafers market is likely to experience a moderate dip in the short-run, after which growth is expected to rebound on the back of easing restrictions.

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Competitive Landscape

Prominent semiconductor wafers manufacturers profiled in the report include Applied Materials Inc., ASM International, Nikon Corporation, SCREEN Semiconductor Solutions Co. Ltd., Hitachi High-Technologies Corporation, Tokyo Electron Limited, ASML Holding N.V., KLA Corporation, Lam Research Corporation and others.

In November 2020, Hitachi High-Technologies Corporation launched its 3D SEM CT1000 used for defect observation across semiconductors. The devices enables a three-dimensional observation of pattern and defects shapes occurring during the manufacturing process on wafers measuring upto 200 mm in diameter.

In December 2020, Tokyo Electron Limited (TEL) announced the launch of its CELLESTATM SCD single wafer cleaning system, scheduled to hit the shelves by January 2021. The product is a collapse-free drying method which uses a supercritical fluid and is expected to ease semiconductor wafer cleaning processes.

More Valuable Insights on Semiconductor Wafers Market

In its latest report, Future Market Insights offers an unbiased analysis of the global semiconductor wafers market, providing historical data for period of 2015-2019 and forecast statistics for the period of 2020-2030. To understand opportunities in the semiconductor wafers market, the market is segmented on the basis of wafer size (Less than 150 mm, 150-200 mm, More than 200 mm), application (automotive, consumer electronics, industrial manufacturing, telecommunication, others), across six major regions.

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Key questions answered in the report

  • How will the global semiconductor wafers market expand until 2030?

According to Future Market Insights, the global semiconductor wafers markets is expected to register value CAGR worth 5.6% for the assessment period ranging from 2020-2030. Growth is primarily attributed to increasing demand from consumer electronics and automotive industries

  • Which is the most lucrative market for semiconductor wafer sales?

East Asia, particularly China, is anticipated to emerge as a potential revenue hotspot in the long-term. Growth is primarily ascribed to burgeoning automotive volume production, especially in the electric vehicles segment. However, Europe and North America are equally opportunistic markets for the future

  • How has COVID-19 impacted the predicted growth prospects?

The COVID-19 pandemic has ushered in a moderate blip, particularly in the automotive segment. This downturn is attributed to shortfalls in production levels experienced due to government imposed shutdowns. However, this downswing has been offset by a surging demand for consumer electronics in the wake of business entities encouraging work-from-home directives

  • Which is the most promising semiconductor wafers application segment?

Consumer electronics is likely to capture the lion’s share of the semiconductor wafers market, owing to increasing ownership of smart devices in the wake of deepening internet penetration. Moreover, foray into 5G technology is expected to act as a key growth stimulant

  • Which are the prominent semiconductor wafers market players?

Prominent players profiled in the global semiconductor wafers market include Applied Materials Inc., ASM International, Nikon Corporation, SCREEN Semiconductor Solutions Co. Ltd., Hitachi High-Technologies Corporation, Tokyo Electron Limited, ASML Holding N.V., KLA Corporation, Lam Research Corporation and others

Desert Air Cooler Market expected to reach US$ 2.9 Bn & ~ 10.2% CAGR Over forecast period (2021 – 2030)

Surging construction in the residential sector and the rising demand for multi-functional appliances are creating lucrative growth prospects for the desert air cooler market, finds Future Market Insights (FMI). Desert air coolers are energy efficient, reduce carbon footprint, and are pollutant-free. They also consume less electricity and therefore make for a cost-efficient option.

Desert air coolers, also known as evaporative air coolers use the phenomenon of evaporation to reduce the temperature in the surrounding area. Increasing technological advancements and rising disposable income are a few factors favoring the expansion of the market.

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When compared to evaporative air coolers, traditional conditioners are far costlier in terms of maintenance and require higher energy. Evaporative air cooler especially portable ones are currently enjoying the spotlight because they are easy to transport and offer greater convenience and efficiency.

desert air cooler market

Key Takeaways from Desert Air Cooler Market Report:

  • The desert air cooler market is expected to rise at a CAGR of 10.2% during the period 2020-2030
  • The market is predicted to reach a value of US$ 2.9 Bn by the end of the forecast period
  • Favorable geographical conditions and willingness among consumers to spend on multi-functional appliances are favoring growth in East Asia and South Asia
  • The 50-60 Lt desert air coolers are gaining traction due to their greater lifecycle.
  • Evaporative air cooler residential models are in high demand and will continue to be a top choice among consumers through the forecast period
  • Mini desert air coolers are popular in the market due to their convenient and suitable features.

COVID-19 Impact Analysis

The COVID-19 pandemic severely affected all sectors, including the desert air coolers market. Bans imposed on travel and transport had disrupted the sourcing of raw materials, bringing production to a halt. The implementation of lockdowns in several countries during the summer decreased the sale of commercial air coolers.

The decline in sales caused the price of desert air coolers prices to increase. While the market hit a low in 2020, it is expected to recover and grow at a steady pace due to increasing concerns regarding the environment once the coronavirus passes.

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Who Is Winning?

Key players in the market are now focusing on introducing intelligent technologies in commercial air coolers to increase their convenience. Artificial Intelligence is being incorporated to increase efficiency and improve energy conservation. The introduction of multifunctional air coolers has bode well for the market since they perform better than a cooler, a fan, or a humidifier.

Some of the key players in the market are Fujian Jinghui Environmental Technology Co. Ltd., Bajaj Electricals Ltd., Delta Cooling Tower Inc., Climate Technologies, Havells India Ltd., LG Electronics Inc., Orient Electric Limited, Samsung Group, Symphony Limited, Honeywell International Inc., GE Appliances, Aolan Industry Co. Ltd., Sharp Corporation and Koninklijke Philips N.V.

Valuable Insights into Desert Air Cooler Market Report

Future Market Insights (FMI) in its latest report has presented a detailed analysis on the desert air cooler market with assessment for the years 2020-2030. In order to offer a comprehensive overview, the market has been segmented into several segments. In terms of water capacity, it has been segmented into 30-40 Lt., 40-50 Lt., 50-60 Lt., 60-70 Lt. and 70 Lt. and above. Based on the application, the market is segmented into indoor and outdoor.

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On the basis of the sales channel, the market is segregated into wholesalers/distributors, hypermarkets/supermarkets, specialty stores, multi-brand stores, independent small stores, online retailers, and other sales channels. Based on the end-use, the market is bifurcated into residential and commercial. The commercial segment is further segregated into enterprises/offices, hotels/restaurants, schools/universities, retail, and others.

The market is divided based on the basis of price into premium, mid-range, and economy. On the basis of geography, the market is segmented into North America, Latin America, Europe, Middle East & Africa, East Asia, South Asia, and Oceania.

Dairy Enzymes Market Growth Impelled by Widespread Consumption of Dairy Products: Future Market Insights

The global dairy enzymes market is projected exhibit a healthy CAGR during the forecast period, 2020-2030. The market is majorly fueled by the growing usage of biotechnology in food science. Increased production of items such as yogurt and cheese are anticipated to assist long term market growth.

“Widespread uptake of dairy products incorporating yogurt, and cheese is generating key growth prospects in the global market. Moreover, rising concerns over lactose intolerance has boosted the application of dairy enzymes in processed diary commodities.” says an FMI analyst.

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Dairy Enzymes Market – Key Highlights

  • South Asia & Pacific will exhibit rapid growth pace, however, Europe will retain dominant position with major push from the cheese sector.
  • Lipase type category will foresee high adoption rates, due to texture and flavoring applications.
  • E-commerce distribution channels exhibits notable growth during 2020-2030.
  • Cheese applications to account for majority of market share over the forecast period.
  • Plant-based sources will be gaining traction in the global dairy enzymes market.

Dairy Enzymes Market – Drivers

  • Rising diet trends comprising hydration habits and healthy snacking will be bolstering demand for dairy enzymes.
  • Increased awareness about the advantages of personalized nutrition solutions are assisting growth over the forecast period.
  • Extensive and high number of lactose intolerance cases across the nations has bolstered the demand for dairy enzymes.

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Dairy Enzymes Market – Restraints

  • Growing cases of respiratory problems in people along with allergies to several dairy products, particularly milk can limit the market growth.
  • Stern regulatory compliance as well as operational conditions is anticipated to restrain market expansion.

COVID-19 Impact on the Market

The impact of the COVID-19 outbreak on the global dairy enzymes market has majorly been adverse. A slump in demand for dairy products in the food service industry has become a key concern. On the other hand, the market is anticipated to regain its pre-crisis sales by the end of 2020. The market is anticipated to discover prospects amid the crisis due to customers demand for personalized nutrition, which is likely to extend the applications scope.

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Competitive Landscape

Key companies active in the dairy enzymes market are Novozymes, SternEnzym, DSM, Kerry Group, Danisco A/S, Dow DuPont, Amano Enzyme, Biocatalysts, CHR. Hansen and Advanced Enzymes Technologies. Companies in the dairy enzymes market are engaged in the expansion of their product portfolios with research into offerings for plant-based, low-lactose dairy usage attaining significance in the sector.

About the Study

The study offers readers a comprehensive assessment of the Dairy Enzymes market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights on the basis of source (animal & microorganism, and plant), type (chymosin, microbial rennet, lactase, lipase, and others), application (milk, cheese, ice-cream & desserts, yogurt, whey, infant formula, and others), distribution channel (e-commerce, specialty retailers, supermarket/hypermarket), across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

About Future Market Insights

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.