Casein Peptone Market is expected to observe a CAGR of 4% over 2020-2030

According to a new study by Future Market Insights (FMI), the casein peptone market is forecast to grow exponentially driven by the increase in demand for production of microorganism biomass in larger volumes.

The pharmaceutical industry require culture media in order to identify and grow microorganisms that are used for various lab testing purposes. As casein peptone is required in the production of culture media, it is experiencing rise in demand. This trend will continue especially due to the expansion of the pharmaceutical industry across high potential markets.

In order to prevent loss and ensure only good quality products reach consumers, the cosmetics industry often checks products for potential microbial contamination. Culture media solutions are needed for this. Casein peptone is required for the production of culture media solutions, which is why the market is witnessing surge in demand.

As casein peptone is required in the production of diagnostic media too, the expansion of diagnostic sector will boost the market in the coming years. According to FMI, the global casein peptone market is expected to rise at over 4% CAGR during the forecast period from the year 2020 to 2030.

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The outbreak of COVID-19 pandemic has caused significant disruptions in the market earlier this year. However, the market is forecast to recover steadily and exhibit significant growth in the coming years.

FMI offers an exhaustive overview of the casein peptone market, its potential, growth drivers, and restraints.

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

  • The increase in requirement for casein peptone in diagnostic media production application is fuelling the growth of the casein peptone market.
  • The use of casein peptone is set to surge in response to increasing biomass production in the coming years
  • Presently East Asia is leading in the global casein peptone market and is anticipated to sustain its position during the forecast period
  • Europe will continue exhibiting high demand for casein peptone especially in the pharmaceutical sector
  • Growing biochemical industry is expected to fuel the demand for casein peptone

“With the rapidly expanding pharmaceutical industry the demand for casein peptone is set to rise significantly. The demand is expected to surge further as the healthcare sector increases focus on vaccine production to fight COVID-19. Research and development initiatives undertaken to discover cost-effective source for peptone is forecast to create growth opportunities for the market in the coming years,” said an FMI analyst.

COVID-19 Impact Analysis

Manufacturing units have been significantly affected due to the unprecedented COVID-19 outbreak. Disruptions witnessed during the extended period of lockdown has caused serious damages to several businesses. Casein peptone being costly, also witnessed decelerating demand during this period. Furthermore, factors such as closed manufacturing units, unavailability of labours, and others are expected to create hindrances for the market.

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Contrary to this, the increasing number of the vaccination processes initiated by several countries such as Russia, India, China, and others in the second half of the current year has worked in favour of the casein peptone market. The casein peptone market is anticipated to recover steadily in the coming years creating unlimited opportunities to be explored by the key market players.

Who is Winning?

The casein peptone market is forecast to register impressive growth due to the rising demand from the industries such as pharmaceutical, cosmetics, and others. In order to capitalize on prevalent opportunities, the key market players are focusing on launching of new and extensive ranges of products.

For instance, Apollo Scientific Ltd. has launched their new ranges of products such as alpha-casein from bovine milk, peptone from casein (pancreatic digest), and others to target broad range of applications such as enzyme production, diagnostic media production, and others in the current year.

Thermo Fisher Scientific Inc. has launched their new Acidicase™ Peptone, Difco Tryptone Peptone which is an animal origin (AO) pancreatic digest of casein, and other casein peptone products in the recent year.

More Valuable Insights on Casein Peptone Market

In the latest report by Future Market Insights, we offer an unbiased analysis of the global casein peptone market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2020-2030. In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of application (diagnostic media production, industrial fermentation, biomass production, enzyme production, vaccine production, other), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Fire Trucks Market will expand by 3.0% year over year in 2022, reaching a value of over US$ 6,551.1 by the end of the year

With surging industrial safety concerns and frequently evolving safety regulatory guidelines, fire trucks continue to witness significant technological innovation. To cater to stringent norms set by the US NFPA (National Fire Protection Association) and other government affiliated entities, manufacturers of fire trucks are focusing on equipment upgrade – translating into demand growth in the fire trucks market.

Below 4% Y-o-Y Forecast for Fire Trucks Market Revenue in 2019

The global fire trucks market has been witnessing emergence of specialized fire trucks in recent past, which is foreseen to be an important factor contributing to market growth. However, the approximately US$ 5 billion global landscape of fire trucks is projected for a sluggish below 4% yearly growth rate in 2019 and ahead. A new market intelligence on global fire trucks landscape forecasts a passive growth outlook for the market. High initial capital and relatively low penetration rate are prominently posing a challenge to the market growth, as indicated by the report.

A senior market research analyst adds further, “Even though the fleets of fire trucks are aging, they are not being replaced by the new ones at a considerable pace. While this is straightaway hampering the sales of new fire trucks, the entire scenario ultimately results in limiting the revenue growth of global fire trucks market. This is foreseen to be the situation in the long run, if the same continues over coming years”.

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Improving Scope of Rescue Fire Trucks to Uplift Market in Developing Regions

Developing regional markets, experiencing dramatic advancements in construction and infrastructure industries, are compelling various governmental and non-governmental bodies to impose strict regulatory and administrative codes. This, according to the report, will remain the key factor propelling demand for fire trucks across emerging economies, in coming years.

More than 55% sale of fire trucks is accounted by adoption for residential and commercial end use applications, followed by that in enterprises and airports. While the rampant expansion of construction industry is cited responsible for catering to the demand for fire trucks in residential and commercial sectors, developed regional markets are presumably driven by consistently progressing interest in adoption of the cutting edge technologies enabled fire mechanical assemblies and equipment. The report thus highlights relatively high rate of fire trucks purchase across economies such as the US, UK, France, and others in North America and Europe.

While Europe and North America remains the global manufacturing and operational hubs for key manufacturers of fire trucks, the report projects a strong possibility of developing regions serving significantly in reshaping the entire competitive scenario of fire trucks market. A large number of SMEs in the fire trucks space are rapidly shifting their manufacturing bases to progressing economies – including China, India, Russia, Brazil, and ASEAN countries, to capitalize on the inexpensive labor costs and lucrative opportunities arising in the residential and commercial segments. The report says that over the next few years, Latin American market for fire trucks is likely to witness emergence of Brazil and ROW as production hubs for fire truck manufacturers.

The demand for rescue fire trucks is slated to sustain in airports to cater to soaring terminal security demands. Research also points to sustained sales of ARFF (aircraft rescue firefighting) vehicles for rescue operations at airport terminals. With a significant upsurge in air traffic and a considerably increasing number of airlines as a global level, it is more likely that the fire trucks demand at airports would be sustained over coming years.

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Over 50% Market Value Share Belongs to Seven Leading Players

The top seven players in fire trucks marketplace account for more than half of the total market value, as indicated by research. The prominent companies competing in this fairly consolidated landscape are investing in strategic acquisitions and collaborations in an effort to reaffirm their market positioning.

Long-term contractual deals for reliable supply of specialized fire trucks are likely to strengthen strategic relationship between market leaders and key distributers. Expanding existing fire trucks portfolio, with maintaining the focus on novel technological innovations, leading manufacturers and suppliers of fire trucks that are actively operating across the global value chain are projected to prioritize fire trucks and equipment upgrade.

Although pumpers and tankers contribute majorly to total sales of fire trucks at present, the report indicates growing demand for aerial platform fire trucks and rescue fire trucks – likely to shape competitive manufacturing strategies of key manufacturers in the market. In the backdrop of the rate of natural calamities occurred in recent past, it is more likely that rescue fire trucks would experience growing demand.

Fire Trucks Market: Segmentation

On the basis of product type, the global fire trucks market has been segmented into:

  • Pumpers
  • Tankers
  • Rescue Fire Trucks
  • Aerial Platform
  • Other Speciality Trucks

On the basis of end users, the global fire trucks market has been segmented into:

  • Enterprise & Airports
  • Residential & Commercial Buildings
  • Military
  • Others

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Key Questions Answered in the Report

  • How has the Fire Truck market evolved in the past four years?
  • What shape is the Fire Truck market expected to take, in terms of value and volume, during the forecast period?
  • What are the dominant market dynamics in the Fire Truck market?
  • How is the competition landscape at the moment and what are some of the trends in the Fire Truck market?
  • What are some of the underlying macroeconomic and industry factors impacting the growth of the Fire Truck market?

Top Reports Related To Automotive Market Insights

Automotive Pump Market : The automotive pump market is expected to witness a significant growth in 2021, thanks to the implementation of various carbon emission norms across various countries. A study by Future Market Insights (FMI) on automotive pump market has forecast it to reach US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over the forecast years (2021-2031).

Aircraft Cabin Interior Market : According to Future Market Insight’s (FMI), the global aircraft cabin interior market is forecast to grow at 2.70% in 2021, overcoming the uncertainty about market recovery and performance during a global pandemic. FMI also predicts that the aircraft cabin interior market will exceed the overall market valuation of US$ 14.5 Bn by the end of 2021.

About FMI

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

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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Norovirus Infection Treatment Market 2022 Outlook, Current and Future Industry Landscape Analysis 2028

Norovirus Infection Treatment Market OverviewNorovirus is the common viral infection which can affect anyone. It is a contagious infection can be spread through food or water and also by touching the contaminated surface. Norovirus infection leads to stomach pain, nausea, diarrhea and throwing up. These symptoms are very serious, especially among older people and children. Norovirus infection also lead to fever, headache and body ache. Currently, there is no specific treatment available in the market to cure norovirus infection completely. Additionally, there is no vaccine available in the market for the prevention of norovirus infection. Oral intake of plenty amount of fluid may also cure the norovirus infection. But, for the people having severe nausea or vomiting during norovirus infection can be prescribed with the medicine by a physician to stop or reduce the vomiting. Intake of electrolyte powder is a common type of treatment option for norovirus infection which avoids the complication of dehydration. Rather than go to physician clinics norovirus infection can also be cured by home remedied such as consumption of plenty amount of fluid or electrolyte.

Norovirus Infection Treatment Market: Drivers and Restraints

Increasing incidence of norovirus infection among people is the major factor driving the growth of norovirus treatment market. Moreover, life style habit of having junk food may also increase the chances for spreading of norovirus infection treatment. Additionally, lesser consumption of potent water by the majority of population in under developing countries also leads to high risk of norovirus infection. The adoption of homemade remedies could hamper the growth of clinical treatment market for norovirus infection to some extent. Lack of awareness among the people about the personal health hygiene & lack of awareness about the infection will also hamper the growth of norovirus infection treatment market.

Norovirus Infection Treatment Market: Overview

The global norovirus infection treatment is expected to show significant growth over the forecast period due to rising incidences of norovirus infection. NGO tends to aware the people about the personal hygiene to avoid getting infected from norovirus. Electrolyte powder is the most common treatment option to cure the norovirus infection. Therefore, electrolyte powder segment is expected to dominate the revenue share by treatment type for global norovirus treatment market. Among all distribution channel, retail pharmacies segment is expected to be most lucrative market over the forecast period through retail pharmacies is the first choice of people to buy electrolyte powder.

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Norovirus Infection Treatment Market: Regional Overview

On the basis of regional presence, global norovirus infection treatment are classified into eight key regions – North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding China & Japan, China, Japan, and the Middle East & Africa. North America is the most lucrative market for norovirus infection treatment due to awareness among the people about the norovirus infection.  After North America, norovirus infection treatment market is then followed by Western Europe and Japan. In APECJ region, India and Australia are the major markets for norovirus infection treatment due to rising incidences of norovirus infection in these countries. MEA and Latin America is expected to show relatively low adoption norovirus infection treatment owing to lack of personal hygiene among the people.

Norovirus Infection Treatment Market: Key Players

Examples of some of the market participants in norovirus infection treatment market identified across the value chain include Nimraj Chem Agrovet, B.F. Ascher & Company, Inc., Meda Pharmaceuticals Inc., Concordia Pharmaceuticals Inc., AvKare, Inc., Valeant Pharmaceuticals International, Inc., Capellon Pharmaceuticals, LLC. Water Life Technologys, Mizuno Pharmacies.

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.

Norovirus Infection Treatment Market: Segmentation

The global Norovirus Infection Treatment Market is classified on the basis of treatment type, distribution channel, and region.

Based on application treatment type Treatment Market is segmented into following:

  • Intravenous Fluid
  • Antispasmodics
  • Analgesics
  • Antipyretics
  • Electrolyte Powder

Based on distribution channel Norovirus Infection Treatment Market is segmented into following:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

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

Malaria Ag Rapid Testing Market is set to experience 5% growth during the year 2021-2031

Malaria Ag Rapid Testing Market Overview

According to the latest research by Future Market Insights, Malaria Ag rapid Testing Market is set to experience 5% growth during the year 2021-2031.

Malaria Ag rapid testing kits allows for quick detection of malarial antigen present in human body without the use of microscopes or in lab set-ups.

Primary advantage of using a rapid testing kit is its ease of collection, cost effectiveness, safety and user friendly.

What is Driving the Demand for Malaria Ag Rapid Testing Market

Malaria Ag rapid testing or rapid diagnostic test are lateral flow immunochromatographic antigen detection test, usually available in test strip or cassette form. These test detect the presence of malarial parasite antigen, in an infected human blood giving results within 15 minutes. Such procedures are simple, safe and easier for quick diagnosis of malaria at an initial stage and does not require special equipment or training.

An increasing number of cases of malaria in tropical countries along with increasing travelers visiting these countries, and in turn getting infected by malaria, can be seen rising in recent years.

Also the unavailability of lab testing for diagnosis of malaria in most endemic countries has further increased the necessity for the malaria antigen rapid tests.

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A per the 2019-20 report by World Health Organization (WHO), an estimated 229 Mn cases of malaria was found globally in 87 malaria-endemic countries in 2019.

Of which, 05 countries in Africa region namely, Nigeria (27%), the Democratic Republic of the Congo (12%), Uganda (5%), Mozambique (4%) and Niger (3%), accounted for about 51% of the global cases.

Thus, the demand for the Malaria Ag rapid testing market is likely to provide incremental opportunity in the forecasted period.

Which Factors are likely to Augment the Growth of the Malaria Ag Rapid Testing Market

The field of malaria Ag rapid testing market is witnessing series of advancements and is further expected to offer effective diagnostic solutions for infections caused by malaria.

An increasing number of deaths caused due to non-diagnosis of malaria at early stages and increased resistance of parasite especially

P.falciparum to anti-malarial drugs has increased the need for these rapid diagnostic tests to diagnose the disease at the earliest and provide for treatment of same.

As per the 2019-20 report by World Health Organization (WHO), 67% (274,000) of the total deaths caused by malaria, at global level, consisted of children below 5 years of age, in 2019.

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Investment in malaria programs and research & development for malaria control and elimination are being undertaken by government and industry players in various regions. Various Public and private sector organizations are also playing major role in promoting and supporting the clinical development of key products.

A per the 2019-20 report by World Health Organization (WHO), an estimated US$ 3 Bn was the total funding provided for malaria control and elimination.

Out of this total, US$ 900 Mn (31% of total funds) of funding was contributed by the government of endemic countries.

It is thus, expected for the malaria Ag rapid test market to seek a growth in the forecasted period.

North America Malaria Ag Rapid Testing Market Outlook

North America market growth is largely driven by the prevalence of “Airport” Malaria, a common term referring to the malarial infection caused due to the travelling population. Those who visit the malaria-endemic countries and in return get themselves exposed to the infection, resulting in transmission of the infection to the non-infected ones.

As per Centers for Disease Control and Prevention (CDC) report in 2019, approximately 2000 cases of malaria are detected every year in United States.

This is majorly due to increasing number of returning travelers and immigrants coming from countries where malaria transmission happened such as Sub Saharan Africa and South Asia.

Early detection of such cases can reduce future complications as well as risk of transmission associated with the infection. The FDA approved BinaxNOW rapid diagnostic test kit can test for malaria in an individual and help confirm the result.

Alternatively, various policy developments, scientific researches and initiatives, mosquito control programs undertaken by government to eliminate and to reduce the malaria transmission in this segment are expected to further improve the market scenario of Malaria Ag rapid testing.

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With increasing number of malaria cases, it is believed to promote the growth of the malaria rapid testing market in the forecasted period.

Europe Demand Outlook for Malaria Ag rapid testing

Europe is anticipated to be the largest market for Malaria Ag rapid testing.

The continuous increase in business related/leisure travels, or migratory movements for employment to and from endemic countries have increased the chances of importing malaria to a malaria-free or non-endemic countries.

As per European Centre for Disease Prevention and Control (ECDC) Annual epidemiological report in 2019, 8641 cases of malarial were reported in Europe region, of which 99% of the cases were confirmed to be travel related infected malaria cases, while the rest 1% was acquired in the Europe.

A trend was observed in travel – related cases when the number of infections increase during or immediately after summer holidays (July –September).

The continuous efforts of government and private players in increasing the awareness about the control and management of malarial cases, growing research and development activities to diagnose malarial causing species in the European region which will further facilitate the growth of the market in the forecasted period.

Who are the key Manufacturers and Suppliers of the Malaria Ag Rapid Testing

Some of the key players of Malaria Ag rapid testing include

  • Abbott
  • Accuquik™ Test Kits (USA) Advy Chemical Pvt. Ltd.
  • Arkray Healthcare Pvt Ltd
  • CTK Biotech Inc.
  •  Biotrol laboratories Pvt. Ltd.
  • malarex Limited (UK)
  • Alere
  • Ameritek Inc.
  • Apacor ltd.
  • Atmo Diagnostics
  • Biosynex
  • Boson Biotech Co. Ltd.
  • HWTAi BioTec
  • Nectar Lifesciences
  • standard Diagnostics
  • TCS Biosciences Ltd
  • Teco Diagnostics
  • okchem.com Bio Lab Diagnostics (I) Private Limited
  • China Tianjin Recare Co., Ltd
  • Avecon Healthcare Pvt Ltd.

Companies offering Malaria Ag rapid testing are involved in existing product upgrades, new product launches, mergers and collaborations to enhance their market position.

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.

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Malaria Ag Rapid Testing Market 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

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company

Key Segments

By Product Type:

  • Test Strip
  • Cassette

By Distribution Channel:

  • Drugstore
  • Retail Pharmacy
  • Hospital Chain Pharmacy
  • Online Pharmacy

By Region:

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

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

Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Automotive Composites Market Was estimated at US$ 7.4 Bn in 2019

Sales of automotive composites are directly correlated to automotive production and vehicle parc. Despite fluctuating economic conditions in the recent past, on an average, the global automotive market has observed reasonable growth. Efforts to reduce the weight of vehicular components will increase, thereby providing substantial opportunities for the growth of automotive composites market.

The global automotive composites market is estimated at US$ 7.4 Bn in 2019, and is projected to grow at a moderate rate during the forecast period.

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Key Takeaways from Global Automotive Composites Market

  • Glass fiber has been observed to be the most preferred composite material in the automotive industry, owing to low cost and high structural strength.
  • Demand for high-performance automotive vehicles is increasing across the globe, along with the growing demand for emission control. As a result, manufacturers are focusing on using advanced composite materials due to the high temperature generating components that are required.
  • The demand for passenger cars has seen a surge in regions such as India and China. This is expected to further increase the demand for automotive composites in the coming years.
  • Natural fibers are also gaining popularity in the designing and manufacturing of door panels, seat backs, bolsters, and load floor, among others.
  • Most automakers have started to position and re-brand their respective car models with aesthetic and stylish interior features, which demands the increased adoption of lightweight automotive composites.

While the demand for automotive composites is primarily driven by elevated automotive production, the trend of lightweight components in the aftermarket will further increase inclination towards automotive composites.

Automotive Composites Market Participants

The market for automotive composite has remained competitive, with the presence of giant players with expertise in advanced manufacturing technologies. In order to sustain in the global automotive composites market in the long run, product development is the key growth strategy being adopted by market participants. Launching advanced products that provide numerous operational benefits, and at the same time complying with existing emission norms and other regulations in the market, will help market players maintain product differentiation and strengthen their presence in the global automotive composites market.

Some of the key participants mentioned in the automotive composites market report are Mitsubishi Chemical, Teijin Limited, SGL Carbon SE, Solvay Group (Cytec Solvay Group), and Holding Toray Industries Inc.

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AUTOMOTIVE COMPOSITES MARKET TAXONOMY

The global automotive composites market is segmented into five segments in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

Material

  • Glass Fiber Composite
  • Natural Fiber Composite
  • Carbon Fiber Composite
  • Aramid Fiber Composite
  • Others

Resin

  • Thermoplastic
  • Thermoset

Application

  • Interior
  • Exterior
  • Underbody
  • Chassis
  • Power Train
  • Engine Components

Vehicle Type

  • Passenger Cars
    • Compact
    • Mid-size
    • Luxury
    • SUVs
  • LCVs
  • HCVs
    • Straight Trucks
    • Dump Trucks/Garbage Trucks
    • Semi-trailers
    • Fire Trucks
    • Others
  • Agricultural
    • Tractors
    • Tillers
    • Rotavators
    • Harvesters
    • Threshers

Agricultural

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia & Pacific
  • MEA
  • China
  • Japan
  • India

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Top Reports Related To Automotive Market Insights

Automotive Pump Market : The automotive pump market is expected to witness a significant growth in 2021, thanks to the implementation of various carbon emission norms across various countries. A study by Future Market Insights (FMI) on automotive pump market has forecast it to reach US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over the forecast years (2021-2031).

Aircraft Cabin Interior Market : According to Future Market Insight’s (FMI), the global aircraft cabin interior market is forecast to grow at 2.70% in 2021, overcoming the uncertainty about market recovery and performance during a global pandemic. FMI also predicts that the aircraft cabin interior market will exceed the overall market valuation of US$ 14.5 Bn by the end of 2021.

About FMI

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

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/automotive-composites-market
Press Release Source: https://www.futuremarketinsights.com/press-release/automotive-composites-market

Real Time Continuous Microbiological Monitoring Systems Market 2022 Outlook, Current and Future Industry Landscape Analysis 2028

Real Time Continuous Microbiological Monitoring Systems Market OverviewPharmaceutical and biotechnology companies who produce medicine and biotech products are concern about airborne microbial contamination. Traditionally, these companies use active air samplers or settling plate method to detect the airborne microbial contamination. But, this method may require at least four to ten days to detect the microbial contamination in the lab. Real time continuous microbiological monitoring systems is emerging tool used by pharmaceutical and biotechnology companies to detect the airborne microbial contamination. Real time continuous microbiological monitoring systems is based on Laser Induced Fluorescence (LIF) technology to detect the airborne microbial contamination. This system offers real-time detection of active biological organisms which used for the produce of sterile products. Real time continuous microbiological monitoring systems are designed with stainless steel and it is enclosed with sample probe. This sensor is directly connected to a software and it is designed to attain the continuous operation. As the air passes through the system detect the biological particle by laser illumination. These air particles are counted by laser illumination depending upon their size and it is displayed on the monitor.

Real Time Continuous Microbiological Monitoring Systems Market: Drivers and Restraints

Increasing research and development by the pharmaceutical and biotechnology to develop advance medicine and biotech product is the primary factor driving the growth of real time continuous microbiological monitoring systems market. The waiting time for the result by traditional method is four to ten days whereas this system provide real time data for active microbial contamination which is also gaining the traction for real time continuous microbiological monitoring systems. This system reduces the operator error and do not require any paper data management, moreover it easy to operate this system and does not require any special handling, training, or logistics which lead to increase demand of real time continuous microbiological monitoring systems in the global market. Real time continuous microbiological monitoring system is costly equipment, therefore research lab which has less funding could not afford this latest technology which may deter the growth of this market throughout the forecast period.

Real Time Continuous Microbiological Monitoring Systems Market: Overview

The global real time continuous microbiological monitoring systems is expected to show significant growth over the forecast period due to rising research and development by the pharmaceutical and biotechnology to develop advance medicine and biotech product. The leading player of real time continuous microbiological monitoring systems emphasis on continuous product launches though this system is gaining huge traction in the market. But the adoption of this system in the institutional laboratory is quite low while it is mostly used in research and development laboratory. The major application of real time continuous microbiological monitoring systems is in drug discovery and clinical research, therefore these segment is estimated to dominate the market by application. Among all end user, real time continuous microbiological monitoring systems are mostly used in biopharmaceutical companies, hence this segment is estimated gain more incremental opportunity over the forecast period.

Real Time Continuous Microbiological Monitoring Systems Market: Regional Overview

On the basis of regional presence global real time continuous microbiological monitoring systems are classified into eight key regions – North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding China & Japan, China, Japan, and the Middle East & Africa. North America is the most lucrative market for real time continuous microbiological monitoring systems due to increasing research and development in life sciences industries.  After North America, real time continuous microbiological monitoring systems market is then followed by Western Europe and Japan. In APECJ region, India and Australia are the major markets for real time continuous microbiological monitoring systems due rising number of pharmaceutical industries in these countries. The MEA and Latin America is expected to show relatively low adoption real time continuous microbiological monitoring systems owing to less funding for biopharmaceutical research and development.

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Real Time Continuous Microbiological Monitoring Systems Market: Key Players

Examples of some of the market participants in real time continuous microbiological monitoring systems market identified across the value chain include Alpha Controls & Instrumentation Inc. Mettler Toledo, BioVigilant, MicronView LLC and others.

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.

Real Time Continuous Microbiological Monitoring Systems Market: Segmentation

The global real time continuous microbiological monitoring systems market is classified on the basis of application, end user, and region.

Based on application real time continuous microbiological monitoring systems market is segmented into following:

  • Drug Discovery & Development
  • Clinical Research
  • Biopharmaceutical Production
  • Drug Screening
  • Tissue Engineering
  • Others

Based on end user Real Time Continuous Microbiological Monitoring Systems market is segmented into following:

  • Biopharmaceutical Companies
  • Contract Research Organizations (CROs)
  • Academic & Research Institutes
  • Food & Beverage Companies
  • Others

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

Dairy Enzymes Market Competitive Growth Strategies Based on Type, Applications, End User and Region

A recent market study published by Future Market Insights has estimated the global dairy enzymes market to reflect a positive growth trajectory for the duration of the assessment period from 2020 to 2030. Sustained demand for cheese, yogurt, and other fermented dairy products being a major contributor to market developments.

Enzymes such as animal and microbial rennet, lipases, lysozyme, lactases, and aminopeptidases, are key to milk clotting, lactose hydrolysis, controlling spoilage, and fermentation applications. Consequently, these products have proven essential to the operational and financial viability of operations in competitive dairy industry.

On the other hand, the market is also expected to face challenges in terms of high costs for skilled professionals and infrastructure. High capital requirements hold back new entrants into the industry. This is a key factor holding back the expansion of the industry. 

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Key Takeaways

  • Lipase dairy enzyme products to find higher adoption rates, owing to flavoring and texture applications.
  • Plant-based enzymes to gain traction with the widening of global vegan and vegetarian consumer populations.
  • Cheese production applications to hold major market share, with microbial rennet gaining popularity in the sector.
  • E-commerce channels reflect significant growth to from 2020 to 2030, driven by the large number of small-scale end users.
  • South Asia & Pacific, is reflecting faster than average growth, Europe likely to retain lead with major impetus from the cheese industry.

“The dairy enzymes market is driven by the rapidly increasing consumption of dairy products in emerging markets. A highly competitive market landscape, has resulted in players seeking advantages in technology and expertise to maintain efficient, flexible, and financially-viable operations,” says an FMI analyst

Covid-19 Impact Insights

The impact of the coronavirus pandemic on the dairy enzymes market has been largely negative. Reduced consumption of dairy products such as cheese and flavored yogurt substantially hurting sort term demand for associated enzymes. In addition, restrictions on the food service industry have also indirectly hurt demand.

On the other hand, market players are also likely to find opportunities to minimize losses during this crisis period. As consumers seek immunity boosting, personalized nutrition solutions during the pandemic, growing applications of dairy enzymes in fortified and functional foods and beverages will prove helpful to market players.

The market is likely to recover steadily towards 2021 as the lockdown restrictions are lifted, owing to continued demand for milk and its derivatives, especially in developing countries around the world.

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Competitive Landscape

The dairy enzymes market is largely fragmented owing to the presence of numerous regional players in the sector. Some of the predominant participants in the industry include Advanced Enzymes Technologies, Amano Enyzme, CHR. Hansen, Danisco A/S, Dow DuPont, DSM, Enmex, Kerry Group, Novozymes, and SternEnzym among others.

Players in the dairy enzymes industry have been increasingly emphasizing on the expansion of product portfolios, with research into plant-based and microbial sources gaining importance. Also, manufacturers are putting in efforts towards improving sustainability of dairy industry operations in terms of processing and waste management.

For instance, in June 2020, DSM unveiled its new range of DelvoPlant enzymes for plant-based dairy alternative beverages, which enables superior flavoring and mouthfeel in end products.

In May 2020, DuPont Nutrition and Biosciences launched its Bonlacta dairy enzyme for consumers in the North America market, in lactose free applications, which allows cost reduction, and process optimization for dairy producers.

Novozymes unveiled Saphera Fiber, the company’s new lactase enzyme which bolsters the content of dietary fiber for applications in non-fermented milk-based product offerings.

More Valuable Insights on the Dairy Enzymes Market

In its latest market study, Future Market Insights has provided readers with a detailed analysis of the global dairy enzymes market. It covers an exhaustive analysis in terms of historical demand from 2015 to 2019 and data on forecast for the period between 2020 and 2030. The report encompasses details on projection of growth 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 six key regions.

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Automotive Sensors sales at 7.2% CAGR throughout the forecast period from 2021 to 2031

The automotive sensor demand will continue rising through 2021 with worldwide demand projected to increase by 5.5% year over year. As per Future Market Insights (FMI), automotive sensor revenues generation will increase at a ten-year compound annual growth rate (CAGR) of 7.2%, as the automotive production recovers after bucking scepticism about how the market would perform post pandemic.

NXP Semiconductors N.V., TE Connectivity, Continental AG, Denso Corporation, Robert Bosch GmbH are identified as leading players in automotive sensor market. They will collectively account for nearly 30% of global market share in 2021.

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Auto theft has emerged as a serious problem across the globe. According to a report by the National Insurance Crime Bureau, auto theft grew by 9.2% year-on-year in U.S. reaching 873,080 cases in 2020. To tackle this issue, automakers are installing modern anti-theft sensors in economic and budget cars. This development will fuel the demand for automotive sensors in upcoming years.

Advancement in the field of transport management system and incorporation of smart sensors in advanced driver-assistance systems will create attractive prospects for the expansion of the market.

Truck platooning is an emerging area of application for automotive sensors. In truck platooning, automated driving support and connectivity technology work in sync and are controlled by central operating system. All trucks are connected to leader trucks and rest of platoon adapts their movement according to leader truck. This will increase ADAS penetration in trucks.

Governments in developed economies are mandating the installation of safety sensors in passenger and commercial vehicles to curb the rise in number of road accidents and related fatalities. This will significantly contribute to the overall growth of the automotive sensors market.

Manufacturers are working towards avoiding overheads by reducing the number of product recalls and satisfy consumer demand of modern warning alert system and safety feature in compact cars.

Advancement in the crash prevention technologies like vehicle-to-vehicle communication, traction control system, active kinematics control with integrated brake control, and automated braking system will boost demand for automotive sensor in upcoming years.

Key Takeaways from FMI’s Automotive Sensor Market Study

  • Driven by increasing sales of electric vehicles and presence of leading original equipment manufacturers in U.S., North America market will expand at 4.7% CAGR over the forecast period.
  • European automotive sensor market will grow at a healthy CAGR of 6.5% backed by increasing demand of European luxury cars across the globe and rising production of electric cars in the region.
  • Japan and South Korea will collectively account for around 9.1% of global market share in 2021.  Surge in research and development activities in these countries towards miniaturization of automotive sensors will drive the market growth in these countries.
  • India will offer lucrative opportunities for market growth, as it is the fastest growing economy in the world. Increasing demand for passenger cars and rise in consumer spending on enhanced safety features will boost the sales of automotive sensors in India.
  • Safety sensor is the fastest growing sensor type segment owing to imposition of stringent vehicle and driver safety regulation and increasing demand for luxury and convenience in automobiles.

“Increasing investment in automating vehicles and installing smart technologies in critical safety systems to improve safety standards will boost the demand of automotive sensors in the forthcoming years,” says the FMI analyst.

For instance, in July 2021, Samsung launched its first ISOCELL image sensor specifically designed for automotive applications. Samsung aims at becoming global leader in image sensor sector  and capture maximum market share in upcoming years.

In 2020, AMS introduced two new position sensors the AMS AS5147U and the AS5247U for high-speed electric motors to promote car electrification initiative. These new position sensors are expected to reduce the system cost and boost the electrification of critical vehicle functions like as power steering, active damper control, and braking.

Bridgestone recently developed new “Smart Strain Sensor” technology for autonomous vehicles integrated with next-gen internet of things (IoT) capabilities.

Prominent players operating in the automotive sensor market are:-

  • NXP Semiconductors N.V.
  • TE Connectivity
  • Continental AG
  • Denso Corporation
  • Robert Bosch GmbH.

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Key Segments Covered in Automotive sensors Market Study

Sensor Type:

  • Position Sensors
    • Clutch Position Sensors
    • Gear Position Sensors
    • Throttle Position Sensors
    • Crankshaft Position Sensors
    • Steering Angle Position Sensors
    • Camshaft Position Sensors
  • Safety Sensors
    • Seat Belt Sensors
    • Brake Switch Sensors
    • Door Switch Sensors
    • ADAS Sensors
      • Blind Spot Detection
      • Night Vision Sensors
      • Light Sensors
      • Parking Sensors
      • Cruise Control
    • Impact Sensors
    • Anti-theft Sensors
    • Knock Detection Sensors
  • Level Sensors
    • Fuel Level Sensors
    • Coolant Level Sensors
    • Oil Level Sensors
  • Oxygen Sensors
  • Pressure Sensors
    • Tire Pressure Sensors
    • EGR Pressure Sensors
    • Airflow Rate Sensors
  • Temperature Sensors
    • Engine Coolant Temperature Sensors
    • Rain/humidity Sensors
    • Oil/Fuel Temperature Sensors
    • Battery Temperature Sensors
    • Air Temperature Sensors
  • Speed Sensors
    • Wheel Speed Sensors
    • Speedometer

Vehicle Type:

  • Passenger Cars
    • Compact
    • Midsize
    • Luxury
    • SUVs
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Sales Channel:

  • Original Equipment Manufacturers
  • Original Equipment Supplier Spare Parts
  • Independent Aftermarket

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia & Pacific
  • Middle East & Africa
  • Japan
  • China
  • India

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Top Reports Related To Automotive Market Insights

Off-Highway Vehicle (OHV) Telematics Market : As per the FMI’s study, off-highway vehicle (OHV) telematics market is poised to expand at an impressive 15.40% CAGR during the assessment period of 2021 and 2031. The market valuation will reach US$ 424 Mn in 2021.

Automotive Lead Acid Battery Market : The global automotive lead acid battery sales is projected to increasing, enabling the market’s valuation to reach US$ 36.2 Bn in 2031, according to the latest research by Future Market Insights (FMI). The report estimates the market to expand at a steady CAGR of over 3% through the course of 2021-2031.

 

About FMI

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

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Automotive Battery Management System Market is to reach US$ 15.3 Bn by the end of 2029

In the near future, electric vehicles will dominate the clean vehicle market, and necessitate demand for revolutionary battery management systems. Steadily growing demand for battery management systems in e-bikes as well as electric cars will squarely surge market growth.

According to a new research report published by Future Market Insights (FMI), the automotive battery management system market is estimated to reach US$ 15.3 Bn by the end of 2029.

 “In the foreseeable future, advancements in battery management systems will contribute towards extending vehicle range, while simultaneously improving battery life and safety. All major OEMs are ambitiously planning to boost electric vehicle production, which is projected to create significant opportunities for the global automotive battery management system market.”

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Key Takeaways of Automotive Battery Management System Market Study

  • Consumer demand across the globe is beginning to bend in favor of electric vehicles, and has strong disruption potential with governments providing purchasing incentives and subsidiaries.
  • With the dawn of electro-mobility and the resulting increase in EV production, automakers are offering tailored electric vehicles with modification in battery management systems.
  • APEJ is anticipated to remain the fastest-growing region in the automotive battery management system market during the forecast years, owing to several countries encouraging the usage of EVs. China leads the global fleet of electric vehicles.
  • Hybrid electric vehicles hold more than two-third of the global EV fleet. Increasing sales of HEVs are foreseen to fuel the demand for battery management systems in the future.
  • Electric vehicle fleet is significantly low as compared to ICE vehicles. As a result, the OEM sales channel is projected to retain its prominence throughout the forecast period.
  • Although centralized BMS account for a lion’s share in the global market, modular BMS are expected to witness high growth due to its superior functional benefits over its counterparts.

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AUTOMOTIVE BATTERY MANAGEMENT SYSTEM MARKET TAXONOMY

The global automotive battery management system market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Vehicle Type

  • Electric Vehicles
  • Passenger Cars
    • HEVs
    • PHEVs
    • BEVs
  • Commercial Vehicles
    • HEVs
    • PHEVs
    • BEVs
  • Golf Carts
  • E-Bikes

Connection Topology

  • Centralized
  • Distributed
  • Modular

Sales Channel

  • OEMs
  • Aftermarket

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Middle East & Africa
  • Japan

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Automotive Battery Management System Market: Competition Overview

The global automotive battery management system market is moderately consolidated, with a number of global as well as regional players operating in it. Analog Devices, Inc., Continental AG, Johnson Matthey Plc, and Robert Bosch GmbH are identified as prominent players in the global automotive battery management system market.

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Automotive Interior Leather Market : Globalization of the automobile industry and rising demand for automotive interior customization are expected to remain chief driving factors of the global automotive interior leather market. According to Future Market Insights (FMI), the global automotive interior leather market is estimated to be valued at ~US$ 29.9 Bn in 2021.

About FMI

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

Contact

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/automotive-battery-management-system-market
Press Release Source: https://www.futuremarketinsights.com/press-release/automotive-battery-management-system-market

Rigid Food Containers Market to Witness Stunning Growth by 2022

A recent market research report by Future Market Insights presents a thorough analytical overview of the global market for rigid food containers and presents pragmatic forecasts regarding its future scope of development over the years between 2017 and 2022. The report is titled “Rigid Food Containers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022).”

A variety of rigid containers such as boxes and cartons, cups and tubs, bottles and jars, and trays find extensive usage in the field of food and beverages owing to their qualities such as high impact strength, high stiffness, and high barrier properties. While these aspects make transportation of foods and beverages easier, they also make storage in display shelves much hassle-free and convenient. Several technological advancements in terms of material used for manufacturing rigid containers for the food and beverages industry and developments in sealing mechanisms also help in extending the shelf-life of food products when rigid containers are used. The report states that the market for rigid food containers will develop at a moderate pace over the report’s forecast period.

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Some of the key factors expected to work in favor of the global rigid food containers market include the rising preference of the global population to packaged, convenience foods, changing lifestyles, staggering rise in the number of one-person households, busy work regimes, and increased disposable incomes, especially in developing economies. Developing economies are also proving to be highly promising for the rigid food containers market owing to the significant rise in urban settings and the increased numbers of supermarkets and hypermarkets.

The report states that the market will exhibit a CAGR of 4% from 2017 to 2022 and rise to a revenue opportunity of US$80,000 mn by the end of 2022.

From a geographical standpoint, the market in Asia-Pacific excluding Japan (APEJ) will be credited for the dominant revenue share in the global market by the end of 2017. The trend is also expected to continue over the report’s forecast period, with the regional market registering a CAGR much higher than other key regional markets over the forecast period.

The report states that despite concerns regarding its rising volumes in dumping grounds, plastic will continue to remain the most preferred material for manufacturing rigid food containers among manufacturers, followed by paperboards. The revenue generated from the sales of plastic and paperboard rigid food containers will account for over 80% of the overall market in 2017. Plastic will continue to hold on to its top spot in the global market by the end of the forecast period while paperboards will witness a slight decline.

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Of the key varieties of packaging types in the global rigid food containers market, the segment of trays is likely to remain the will remain the leading variety, in terms of both sales expansion as well as revenue generation. The segment will account for over a third of the overall market by the end of 2017 and will go on to remain the leading product variety over the report’s forecast period as well.

Some of the leading companies operating in the increasingly competitive vendor landscape of the global rigid food containers market are Huhtamaki Oyj, Berry Global Group, Inc., Amcor Ltd., Ball Corporation, Crown Holdings, Inc., Packaging Corp. of America, DS Smith PLC, Sealed Air Corp., Bemis Co., Inc., Smurfit Kappa Group PLC, Sonoco Products Co., and Printpack Inc.