Market Research Blog – Page 14139 – New Product Development

Global Microfluidics Market Poised for Robust CAGR of over 14% through 2026, APEJ Emerges Most Lucrative Regional Market

Applications of microfluidics in drug delivery and diagnostics will continue to fuel the market for microfluidics over the next few years. “The US$ 2.9 Bn microfluidics market will possibly cross US$ 11 Bn by the end of 2026. North America is expected to contribute over US$ 3 Bn to the total revenues in 2026. The collective share of North America and Asia Pacific will be over 40%,” states Future Market Insights in a recently published market report outlook, titled “Microfluidics Market: Global Industry Analysis and Opportunity Assessment, 2016-2026.”

The report by Future Market Insights analyses the global market for microfluidics over a 10-year forecast period, 2016-2026. The market is likely to witness a robust CAGR of 14.4% over the assessed period.

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Key Insights: Market Dynamics

Increasing discretionary funding from national labs for R&D in the developed regions will remain a primary factor driving the growth of market through 2026.
Improving healthcare infrastructure and wide availability of affordable microfluidic devices or kits are also foreseen to boost the market growth in near future, especially in developing countries.
Expansion of drug delivery sector will favour the market growth in near future.
Consistent advancements in the fields of genomics and proteomics are also expected to benefit the sales of microfluidics-based devices and kits.
Dynamic collaborations between key market players and active involvement of government entities will collectively foster the market through 2026.

Key Insights: Segments

Ceramics will remain dominant material type

Based on material, ceramics will continue to be the most sought after material for microfluidic device or kit manufacturing. Ceramics segment is expected to remain dominance, accounting for over 42% market value share in 2026, followed by glass, polymer, and silicon. While ceramics is likely to witness the fastest growth, polymer segment is anticipated to exhibit a significant CAGR of over 15% over 2016-2026, driven by PVC.

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POCT will be dominant application segment

By application, POCT (point of care testing) segment is projected to retain dominance through 2026, accounting for over 33% share in terms of revenues. Clinical diagnostics and analytical testing will remain the next major segments in the global microfluidics market.

In-vitro diagnostics industry will hold maximum revenue share

On the basis of industry, in-vitro diagnostics, life science research, and pharmaceuticals are likely to be the key segments. In-vitro diagnostics segment is estimated to hold a share of over 35% in the total market revenues. The fastest growing segment will be in-vitro diagnosis.

APEJ will be the most lucrative regional market

Geographically, North America, followed by Western Europe are expected to remain the dominant regions for microfluidics, capturing respective market value share of over 26% and over 21% share by 2026 end. Asia Pacific (excluding Japan) will possibly represent the most lucrative market, expanding at a significant CAGR of over 14% throughout the forecast period. This growth is attributed to growing use of microfluidics devices and kits for in-vitro diagnostics. North America and Western Europe will also exhibit significant growth rates over 2016-2026.

Key Insights: Leading Market Players

Some of the most prominent players in the global microfluidics market, include Agilent Technologies, PerkinElmer Inc., Thermo Fisher Scientific Inc., Qiagen NV, Bio-Rad Laboratories, Inc., Fluidigm Corporation, Abbott Laboratories, and F. Hoffmann-La Roche Ltd.

Almost all the leading companies serve point of care testing application and survive the competition with an individual differentiating strategy. Thermo Fisher Scientific Inc. and Abbott Laboratories, through active engagement in agreements and collaborations with leading regional companies, highlight a growing trend of strategic mergers and acquisitions among the top companies.

For detailed quotes or resolution to queries regarding the global microfluidics market, Future Market Insights’ analysts are available 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

The U.S. High Pressure Processing Market is expanding at a CAGR of 16.7% during 2016-2026

In its latest report, Future Market Insights (FMI) has identified few of the major trends governing the overall market for high pressure processing equipment (HPPE). In brief, rapid adoption of high pressure processing technique among premium juice manufacturers, automation and technological innovation and growing number of HPP tolling service providers are playing a major role in shaping the market trajectories currently.

Hiperbaric S.A — Most Successful Player in Recent Years

According to the report, Hiperbaric S.A a prominent manufacturer of high pressure processing equipment is the current leader in the global market as the company’s hold over the North American region is substantially strong.

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FMI’s Insights on Growth Factors

FMI indicates that the growing demand for processed, packaged and ready-to-eat food products worldwide is encouraging the use of high pressure processing equipment in food and beverage industry.
Growing health concerns and increasing awareness amongst consumers on health benefits from “clean label” food is projected to influence the market growth during 2016 to 2026.
Implementation of stringent regulatory norms pertaining to food safety, especially in North American and West European countries are compelling food processing companies to install efficient HPP equipment in processing plants.

The adoption rate of HPP equipment for cold pasteurisation in F&B industry is one the major parameters based on which the global market size has been calculated. FMI forecasts the global high pressure processing equipment market to witness a CAGR of over 13 % in terms of value and a CAGR of 12.3% in terms of volume between 2016 and 2026. The US$ 133.5 Million HPP equipment market is estimated to create an incremental $ opportunity of over US$ 350.5 Million during the assessment period.

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Horizontal Vessels — Leading Arrangements Type Segment

Based on vessel arrangements type, the horizontal vessel is expected to be the predominant segment of the market in terms of value over 2026. Growing demand for horizontal vessel arrangements is expected to make a significant contribution to the overall market growth. Horizontal vessels possess easy loading and unloading operations with a high volume capacity, hence, have a higher preference in the market.

By applications, the meat is the largest segment in the market both in terms of value and volume. Whereas, the juice & beverage segment is anticipated to witness the fastest growth in terms of value during the forecast period.

Based on capacity, demand for above 300 litres vessels or containers is expected to gain traction over the next couple of years. Despite their high cost, above 300 litres vessels segment is projected to register a strong CAGR due to their high holding capacity.

Based on the regional analysis, the market in North America will continue to lead the pack during the forecast period. In 2016, the region accounted for over 40% share of the market followed by Europe. In addition, both the regions collectively accounted for nearly 75% share of the market in terms of value in 2016. Owing to a substantially high demand for HPP equipment from tolling services providers and their growing application base across various end-use industries, the HPP equipment market is flourishing in the region of North America. In Asia Pacific, particularly China is set to witness a robust adoption of HPP equipment in various industrial domains over the next few years.

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Competitive Dashboard

Apart from Hiperbaric S.A, Stansted Fluid Power Ltd, Multivac Group, Bao Tou KeFa High Pressure Technology Co., Ltd, Avure technologies, and Kobe Steel, Ltd., are some of other key players operating in the global market for high pressure processing equipment.

Queries regarding the research findings can be addressed to Future Market Insights’ analysts at press@futuremarketinsights.com

About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

Direct to Garment Printing Market : Global Industry Analysis 2015-2019 and Opportunity Assessment 2020-2030

Direct to Garment Printing Market Overview

Direct to Garment Printing Market: An overview

The developments in the fashion industry have driven the demand for the garment design and printing industry. The trend of customized printing with brand owners tailoring their marketing communications on garments has led to growth in the opportunities for direct to garment printing market.

The primary reason for the growth of the direct to garment printing market is the purchasing habits of the consumers. Demographically, millennials are raising their spending on aesthetical designs on their garments. These designs provide an enhancement in the garment industry where digital designs can be printed on the garments.

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The personalized and customised variation in the garments increases the customers satisfaction of wearing a unique design which is likely to augment the demand for the direct to garment printing market.

The direct to garment printing allows absorption of inkjet inks by the fibres of the garment and provides with shorter run times, enhanced cost-effectiveness and accurate colour matching. Thus, it is a quick and affordable way of creating unique designs compared over traditional printing which is anticipated to grow direct to garment market in the forecasted period of 2019-2029.

In most applications direct to garment printing uses water based inks which are environment friendly and naturally sourced. This might lead to increase in the demand by direct to garment printing solution providers who are looking for greener alternatives compared to plastisol inks for printing solutions which would hike the demand for direct to garment printing market.

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Direct to Garment Printing Market: Dynamics

The key driver for the growth of the direct to garment printing market is the population of millennials. Their preference towards graphically designed t-shirts and creatively designed apparels which are digitally printed is going to positively impact the direct to garment printing market.

The changing buying patterns had led to rise in the popularity of the latest textile designs. E-commerce has boosted the demand for many brand owners to provide the direct to garment printing solutions and besides it has a positive impact on the offline direct to garment printing market.

Furthermore, attributes such as heat transfer, reduced cost of printing digitally, the growth of apparel industry sales, and the advancements in the graphic and creative designs in fashion have augmented the demand for direct to garment printing market.

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Direct to garment printing is an evident choice for printing service providers since the demand is robust due to emerging fashion trends and margin is good in segments such as garment decoration and customisation which might boost the demand for direct to garment printing market.

The recent development has seen the focus of major printing companies to adopt the trend. Epson in January 2020 debuted its first industrial direct-to-garment printer to leverage bulk ink pack system and dual print head technology, which provides remarkably low ink cost and minimum waste. The printed textile market is seeing tremendous growth which is complemented by new printing technology which is poised to surge the direct to garment printing market in the coming years.

Direct to Garment Printing Market: Regional Outlook

The Asia Pacific is expected to grow in having its share in the direct to garment printing market owing to its growth opportunities led by the rapid growth of e-commerce and evolution of fashion awareness in the emerging markets of counties such as India.

The overall direct to garment printing comprises of a large number of players globally, the market is highly fragmented in nature. Additionally, because of the presence of a large number of players in the market the direct to garment printing market has emerged to be highly competitive.

The major player concentration can be seen in the Asia Pacific, Europe and North America region. Attributing to its varying consumer trends across the region the direct to garment printing market is foreseen to expand and attract a larger consumer base which is likely to boost the demand for the direct to garment printing market.

Direct to Garment Printing Market: Key Players

The key players in the direct to garment printing market are:

Mimaki Engineering Co Ltd
ROQ International
Sawgrass Technologies Inc
Seiko Epson Corporation
The M&R Companies
Durst Group
Kornit Digital Ltd
Aeoon Technologies GMBH
ColDesi Inc
Electronics for Imaging (EFI) Inc
Stork Prints B.V.
Scalable Press
Direct to Garment printing Services
Print Aura
Contract DTG

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

Regional Analysis Includes-

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

Direct to Garment Printing Market: Segmentation

The direct to garment printing market is segmented by substrate, end-use and use of inks.

By Substrate

Cotton
Bamboo
Hemp
Linen
Silk
Polyester
Others

By the usage of inks

HSA (High Solid Acrylic)
RFU (Ready For Use)
Others

By end-use

Clothing and apparel
Household
Others (Display)

Digital Label Printing Market : Value Chain, Stakeholder Analysis and Trends by 2030

The onset of digital printing solutions for manufacturing of packaging materials is creating a highly lucrative market for packaging companies, printing service providers, and commercial printers. Eventually, success at the point of sale (PoS) is a multimillion-dollar business for brand owners and producers.

The global digital label printing market will grow at a significant CAGR throughout 2020-2030. Factors such as cost-effectiveness, less labor requirement, and reduced waste production are enabling broader adoption of digital label printing. Such benefits of digital label printing are making them commonplace in various sectors such as food & beverages, cosmetics, and pharmaceuticals.

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COVID-19 Impact Analysis on Keyword Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Digital Label Printing market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Digital Label Printing market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

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Digital Label Printing Market – Segment Analysis

The global market is segmented as the following:

By System Type

Toner system, Inkjet System, Others

By End Use

Converting Companies, Consumers, Packaging Companies

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.

Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the keyword market

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About FMI

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.

Paper Recycling Market : Value Chain, Stakeholder Analysis and Trends by 2028

Paper Recycling Market Overview

Introduction and Need of the Product:

Increasing urbanization and middle class population with surge in literacy rates in the developing countries such as India, China, and Brazil will create the huge demand for paper products such as newsprint, packaging, and writing paper. Also, changing consumer preferences towards convenient packaging solutions along with sustainability in mind will diminish the demand for plastic packaging and hence fuel the paper and paperboard industry.

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Despite being highly recyclable material, PET material is not yet recycled more than 30% of its annual consumption. Growing concern towards polymer-based products will not only diminish its future prospects but simultaneously increase the demand for paper and paperboard which is fully bio-degradable in nature.

Recycling of paper has become a major trend in the paper and paper board industry, primarily due to unavailability or scarcity of the raw material. Recycled paper is the major source of the raw material for most of paper mills in the developing as well as developed countries. Recycling of paper not only saves more and more natural resources but also saves lots of manufacturing expenses.

Primary application for the recycled paper are the newsprint paper, printing & writing paper, and packaging products. More than 35% of the paper raw material demand in the countries such as India and China are fulfilled by the recovered paper. India imports a lot of recovered paper to meet its domestic demand due to lack of waste paper collection and segregation channels in the country.

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Increasing demand of the paper-based packaging products in the food and industrial markets will also brighten the future prospects of paper recycling business in the next few years. Packaging waste, if not recycled, may pollute the environment and create serious health problems.

Paper Recycling Market: Market Dynamics

Paper recycling market has witnessed significant growth in the last few years due to increasing concern over depleting environmental resources. The demand for recycled paper is increasing at a CAGR of more than 7-8% annually in the developing countries. Major challenges in the paper recycling market is the high cost of machinery, inefficient waste paper collection and segregation system, and high competition from the international players.

Primary focus of the local paper recyclers is to establish proper collection and segregation systems to facilitate the collection of the waste paper in the region. Leading recycling companies are establishing automatic and highly efficient recycling systems to curb high manufacturing cost and eliminate labor intensive operations by automating the existing process.

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There are lots of opportunities in the paper recycling market in the developing countries such as China because it is the leading importer of the waste paper in the world. This scenario could be reversed by the increase in domestic production of the recovered paper in the country.

Paper Recycling Market: Regional Overview

On the basis of region, the Paper Recycling market is segmented into seven regions which include North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, Middle East & Africa, and Japan. Approximately more than 57 million tons of paper is collected in the Europe for recycling activities. And the collection rate is steadily increasing, exceeding 50% every year.

Also, more than 50% of the raw material demand in the Europe is fulfilled by the recycled paper. Newsprint, followed by packaging products, is the largest end use application of the recycled paper. Paper recycling market is growing but at a slower rate in developed regions than developing ones.

Asia-Pacific and Latin America region has high potential for paper recycling market because of the lower paper recycling rates in the region along with the low penetration of the paper recycling companies in the region. Governments in countries such as India and China are also supporting paper recyclers to protect natural resources from depletion and increase recycling rates in the region.

In MEA region, UAE and Saudi Arabia will soon ban plastic packaging products which will create the high demand for paper packaging products in the region. Escalating demand will also boost the demand for recycled paper in the region.

Paper Recycling Market: Market Players

Some of the key players in the Paper Recycling market are Hanna Paper Recycling, Inc., International Paper Company, DS Smith Recycling Holding B.V., Waste Management Inc., WestRock Company, WM Recycle America, LLC, Sonoco Recycling LLC, Caraustar Industries, Inc., Pratt Industries, Inc., Saica Group, Ricova Recycling.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust 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, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

Paper Recycling Market: Market Segmentation:

Paper Recycling Market Segmentation: By Source of Collection

Industries
Offices
Households

Paper Recycling Market Segmentation: By Application

Newsprint Paper
Cardboard
Writing & Printing Paper
Packaging Products

Paper Recycling Market Segmentation: By Collection & Segregation Channel

Kerb-side Pick-up
Paper Bank Collection
Municipal Solid Waste (MSW) Collection

Heat Pumps Market to Hit US$ 50 Bn Mark by 2030

According to FMI’s recent study, the global heat pumps market was valued at around US$ 32 Bn in 2019 and is estimated to expand at a CAGR of 5% over the forecast period of 2020-2030, with a limited impact of the current pandemic situation on long-term growth forecasts. Increasing demand for tech-advanced cooling solutions with low carbon footprint, government initiatives to curb greenhouse gas emissions, and advancements in heating, ventilation, and air conditioning (HVAC) systems are factors contributing to the revenue pool of the global heat pumps market.

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Amidst the global health crisis, cooling as well as heating systems are critical to fulfil the immediate needs of consumers, such as providing thermal comfort in hospitals and homes, preserving food and medicines, and keeping data centers running. In line with this, refrigeration and heat pumps are essential for consumers.

As the world attempts to fight the COVID-19 pandemic, it has led to delayed production across several heat pump production facilities in major coronavirus hit countries such as the US, China, and Germany, This is expected to dampen heat pump sales by around US$ 1 Bn in 2020. Moreover, the COVID-19 pandemic will significantly impact consumer behavior in the short term, with domestic shipments from China for air source heat pumps (ASHPs) registering drop of over one-third in January 2020.

The global heat pumps market will witness v-shaped recovery growth, owing to rising inclination towards innovative construction solutions, especially in countries such as India, China, and Mexico.

Key Takeaways from Heat Pumps Market Study

Air-water heat pumps are finding immense use in domestic hot water, floor heating, and space heating/cooling applications.
Heat pumps having flexible or twin-speed features to reduce energy consumption and improve overall efficiency throughout are likely to garner substantial traction over the forecast period.
Demand for CO2 refrigerant heat pumps is expected to increase, given its excellent recyclability, low cost, and environment-friendly attributes.
Hybrid heat pumps are likely to see significant rise in adoption, owing to their high efficiency, lower energy consumption, and cost effectiveness as compared to other heat pumps.
Air-source heat pumps continue to grab huge attention of market players, owing to their low installation cost and high demand in North America and Western Europe.

“As the world moves towards sustainable and green energy solutions, heat pumps are expected to replace conventional heating systems rapidly in the near term. In addition, the ongoing coronavirus (COVID-19) spread can alter how companies organize their supply chains in the coming years, with more stress being layed on decentralization”.

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Heat Pumps Market: Competitive Landscape

The study provides vital insights of the competition landscape in the heat pumps market, along with various strategies adopted by prominent players. The global heat pumps market is fairly competitive, with manufacturers offering identical products. Some of the key manufactures in the heat pumps market are Panasonic Corporation, Mitsubishi Electric Corporation, Daikin Group, NIBE Group, and Danfoss Group Global.

Market participants are investing in R&D activities to develop new products with better energy efficiency, and are also focusing on providing aftersales services.

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Yacht Charter Market 2022 Outlook, Current and Future Industry Landscape Analysis 2031

Global yacht charter sales is expected to grow at a healthy CAGR of over 5.4% during the forecast period 2021-2031, according to a study by ESOMAR-certified market research firm, Future Market Insights (FMI). The study tracks yacht charter sales in 20+ countries, offering a lucid analysis on how growth trend will unfold.

Market players have been attempting to provide advanced yacht for charter as they have realised the value of incorporating cutting-edge technology. As a result, existing players are increasingly attempting to preserve full operational transparency and deliver advanced smart yachts with a range of smart technologies to offer multifunctional areas and spaces, main saloon, and beach clubt.

For instance, the sensational mega yacht LANA (107m/351.1ft) from Italian shipyard Benetti embraces art deco dignity and seamlessly blends it with the sporty curves, pale colours, and various textures of contemporary architecture. Guests will enjoy a beautiful beach club with fold-down terraces, a hammam-style spa and a gym, as well as big lounges with cinema-style seating.

Apart from that, yachts spend the majority of their time cruising within reach of the coast. As a result, the players are investing to make 4G LTE and 5G networks more available than ever before, offering cost-effective high-bandwidth connectivity to consumers on board through bonded 5G compliant data systems.

Such offerings entice customers to spend long hours with their families and friends, or to make their holidays memorable. All aspects of a luxury yacht, including navigation, safety, and extraordinary convenience, are improving due to new technologies.

For example, DLBA Naval Architects have developed a self-sailing superyacht. Tempo, the yacht, will incorporate artificial intelligence (AI) into various aspects of its architecture. This will not only boost the on-board experience, but it will also mean that certain systems will be able to function without the need for human intervention.

Another factor that is expected to boost the growth of the yacht charters is the short-term rentals, which typically last one to three days and are not affected by seasonality, a factor that limits the number of days available for renting yachts. With the rising demand for short-term rentals, yacht charter service providers are concentrating on regular rental rates for two-day yacht charters, which are usually 40-50 percent of the weekly fare.

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Key Takeaways from the Yacht Charter Market Study

The yacht charter market is forecast to rise at a CAGR of 5.4% between 2021 and 2031.
High spending on luxury vacations catapults the U.S. as a key market.
Demand in Thailand will continue rising in response to the expanding tourism sector
Indonesia and Maldives will emerge as popular yacht charter destinations in Asia Pacific
Demand in GCC countries will rise at above 7% CAGR between 2021 and 2031

Impact of COVID-19 on the Market:Before the COVID-19 pandemic, there was a moderate rate of growth in the demand for yacht charter globally. After the pandemic, major global markets have faced dual impacts. The demand for technology-driven motor yacht has increased due to its variety of benefits. But with stay-at-home orders and safer-at-home advisories issued across the world the demand of the yacht charter has decelerated in response to the implementation of various restrictions. The restrictions were also imposed on the tourist places such as Indonesia, Malaysia, the U.K. and the U.S.

Who is winning?Some of the key players present in the yacht charter market are NORTHROP & JOHNSON, Yachtico Inc., Sailogy S.A., Sweet Escape Yacht Charters, ARGO NAUTICAL LIMITED, Burgess, Sunseeker , Royal Yacht International, Ionian Catamarans and IYC, Mooring Company, and Zizooboats GmbH, among others. Extensive discount offerings on the yacht charters during the seasons and on some events such as corporate parties or pre-wedding shoots and other such events has driven a desire among end consumers to opt for the charters embedded with smart technologies.

Architects and builders are looking for natural and green-certified construction materials. Alternative energy sources such as the sun, wind, and waves can now be harnessed with the help of technological advancements. The use of wastewater treatment methods and compostable supplies, as well as recycling and the removal of unnecessary plastic waste, are all employed. The players are concentrating their efforts on providing environmentally friendly yachts in order to contribute to long-term initiatives. For instance, the Black Pearl is an environment friendly private yacht that was recently awarded a Boat International Design and Innovation Prize. When the boat is sailing, electricity is provided and sent back to the batteries, so the hybrid diesel-electric engine does not need a charging station.

In 2019, Feadship Company introduced 75-meter motor yacht 703 ‘Arrow’ for charter at its Aalsmeer shipyard. H2 Yacht Design produced the company’s Arrow yacht.

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Yacht Charter Market by CategoryYacht Type

Sailing Yacht
- Sloop
- Schooner
- Catamaran
- Ketch
Motor Yacht
- Displacement Type
- Semi-Displacement
- Planing
- Catamaran
- Trimaran

Size

Small (up to 30m)
Medium (30m-50m)
Large (over 50m)

Consumer Type

Corporate
Retail
- Individual
- Family/Group
- Couple

Region

Rest of EMEA
APAC
Americas
Mediterranean
Caribbean

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Egg Replacement Ingredient Market to Garner Brimming Revenues by 2026

Future Market Insights (FMI) delivers key insights into the global egg replacement ingredient market in its report, titled “Egg Replacement Ingredient Market: Global Industry Analysis and Opportunity Assessment, 2019-2026”. In terms of value, the global egg replacement ingredient market is expected to expand at a CAGR of 5.8% during the forecast period due to various factors, which FMI offers vital insights into in detail.

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Increasing Awareness about Preventive Healthcare to Boost Growth

According to Future Market Insights analysis, the rising prices of eggs and increasing consumer awareness towards preventative healthcare are expected to boost the growth of the global egg replacement ingredient market during the forecast period. Consumers prefer products comprising plant based natural ingredients due to various health issues. This is fuelling the demand for egg replacement ingredients in the global market. Moreover, egg shortage crisis due to avian influenza coupled with a complicated egg handling and production process is further expected to drive the market demand in the near future. High profitability margins, ease of resource availability, rising economic opportunity in developing nations and food manufacturers’ concentration towards offering clean label products are factors encouraging new players to venture into the global egg replacement ingredient market. Established players in the global egg replacement ingredient market are focusing on product innovation and new product launches, which is creating robust competition in the global market.

“Increased cost of the final product and the fact that egg replacement ingredients do not offer the same taste effect as eggs is likely to restrict the growth of the global egg replacement ingredient market over the forecast period.” – Analyst – Food & Beverages, Future Market Insights

Key Market Segments

The global egg replacement ingredient market is segmented on the basis of Ingredient (Milk Protein Formulation, Algal Flour, Proteins, Starch, Soy Products (Lecithin, Tofu & Tahini), Others (Fruit Purees & Vinegar)); Application (Chocolates, Biscuits & Cookies, Cakes/Pastries/Muffins/Breads, Mayonnaise, Noodles & Pasta); End Use (Commercial (Large Scale Food Manufacturers, Small Scale Food Manufacturers), Household); and Form (Liquid, Powder).

The milk protein formulation ingredient segment is estimated to be valued at US$ 331.5 Mn by the end of 2019.
The mayonnaise application segment is expected to register a CAGR of 5.6% over the forecast period. The Cakes/Pastries/Muffins/Breads application segment is estimated to be valued at US$ 279.3 Mn by the end of 2019.
The commercial end use segment is anticipated to register a CAGR of 6.2% over the forecast period to reach a market valuation of US$ 1,270.8 Mn by the end of 2026.
The powder form segment is estimated to account for a value share of 77.8% of the global egg replacement ingredient market by the end of 2019

Growth Forecasts on Regional Markets

The global egg replacement ingredient market is segmented into the four key regions of North America, Latin America, Europe, Middle East & Africa (EMEA), and Asia Pacific (APAC). The North America egg replacement ingredient market is estimated to be valued at US$ 501.2 Mn by the end of 2019. The market in this region is expected to gain significant market share of the global egg replacement ingredient market by 2026 end. Increasing demand for vegan products in Asia Pacific is expected to drive growth of the market in the region over the forecast period.

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Competitive Landscape

The global egg replacement ingredient market report profiles some of the leading players dominating the global egg replacement ingredient market. Companies featured in the report are Corbion NV, Glanbia Plc, Tate & Lyle Plc, Ingredion Incorporated, Ener-G Foods, Inc., Natural Products, Inc., Orchard Valley Foods Limited, Puratos Group, TerraVia Holdings, Inc., and Archer Daniels Midland Company. These companies dominating the global egg replacement ingredient market are focussed on introducing new products to cater to the rising demand from specific industries such as the bakery industry. Companies are also offering natural and healthy ingredients that are Kosher certified, GMO free, and gluten free.

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Coronary Stents Market Study: An Emerging Hint of Opportunity by 2026

Over the last few years, companies in the cardiovascular diagnostic segment are making major investments in order to introduce innovative coronary stents to capitalize on lucrative opportunities in the interventional vascular devices market. Also, companies are working on key related issues of drug eluting stents and working on a comprehensive model of drug release from these stents and the subsequent uptake of the drug into arterial tissue.

For instance, in the past recent years, Abbott received FDA approval for its bioresorbable heart stent absorb, making the first-of-its-kind medical device commercially available to treat people with coronary artery disease in the U.S.

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The global coronary stents market is estimated to be valued at US$ 7,206 Mn in 2019, with the market expected to exhibit a CAGR of 6.7% during the forecast period (2020 – 2026).

Key Takeaways from Coronary Stents Market Study

In terms of raw material, the coronary stents market is expected to witness substantial growth in the next few years. Currently, polymer segment accounts for major share of the global Coronary Stents market.
North America has been estimated to dominate the coronary stents market with maximum market share in 2019.
The primary trend in the coronary stents market is an increasing number of local manufacturers of coronary stents. Also, growth in interventional cardiology procedures, is an ongoing trend in the coronary stents market.

“Increase in number of cardiac catheterization laboratories and increasing prevalence of cardiovascular diseases are the main factors that will continue to drive the growth of the coronary stents.” says the FMI Analyst.

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Increasing Manufacturing Practices across Low Cost Geographies, Boosts the Coronary Stents Market

Transfer of medical device manufacturing practices across low cost geographies such as India, China, South Africa, ASEAN and other Asian countries is expected to fuel growth of the global coronary stents market. Companies offering hospital supplies are targeting price-sensitive geographies through mergers and acquisitions. Leading manufacturers of coronary stents are acquiring domestic players to gain maximum market share in local markets. Moreover, these companies are focusing on low cost product launches in these region owing to large patient pool belonging to the lower middle income group.

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Power Tool Gears Market to Cross US$ 4 Bn Mark by 2030

According to FMI’s analysis report, the global power tool gears market was valued at US$ 2.6 Bn in 2019, and is estimated to exhibit a CAGR of 5% over the forecast period of 2020-2030, with a strong impact being felt due to the current shutting down of manufacturing industries in emerging markets in the initial period of forecast. However, in the long run, the requirement of new and advanced power tools amongst woodworking personnel and metal fabricators will push the growth of the power tool gears market through 2030.

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Due to the global health emergency caused by the outbreak of COVID-19, and subsequent lockdowns in numerous countries around the world, there is sense of economic instability across the globe, which is anticipated to limit market growth to an extensive level. Post pandemic, the power tools gears market is set to witness decent growth, on the back of increasing requirement of faster woodworking and metalworking operations to meet the rising demand for wooden and metal fabricated products in the market.

Key Takeaways of Power Tool Gears Market Study

Increasing adoption of automation, better productivity, and easier and accurate operations are vital points propelling the demand and usage of power tools, which is subsequently fueling the growth of the power tool gears market.
Power tools can be used for hard materials, which are otherwise strong and difficult to work on with mechanical tools. Also, lack of skilled workforce and wage issues are other driving factors for the increment of the power tool gears market.
Use of spur gears and worm or spiral gears is anticipated to increase over the forecast period.
The professional end user type segment is likely to retain its dominance in the market due to the requirement of more gear sets. High adoption of power tools for professional purposes is also driving the segment.
By application, grinding machines are anticipated to progress at a swift pace over the forecast period, with increasing use of sanders and polishers in the market.

“To improve profit margins by increasing production rates and reducing operating costs, effective reduction in workforce is required. As such, many end-use companies are anticipated to increase the usage of power tools over the slated course of time. However, due to the spread of the novel coronavirus, which is nearly shutting down many prominent economies, growth of the power tool gears market will be hindered in the immediate future.”

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Power Tool Gears Market: Competitive Landscape

The report provides thorough study on the competition landscape of the power tool gears market, and new strategies and development activities adopted by established market players and new entrants. The global power tool gears market is decently fragmented, with various manufacturers offering identical products. Some of the key manufactures in the global power tool gears market are Porite Group, hGears, Zhejiang Oliver manufacturing Gear Co. Ltd, and Zhejiang Fore Intelligent Technology Co., Ltd. among others.

Prominent market players are investing heavily in research and development activities to manufacture new, strong, and durable products, to improve the quality and assurance of their products, so as to increase their acceptance in the market

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