Market Research Blog – Page 14582 – New Product Development

Gene Editing Tools Market Expanding at a healthy 18.8% CAGR, the market size is projected to total US$ 1.6 Billion by 2029

[264 Pages Report] According to latest research by FMI, the global gene editing tools market is estimated to have accounted for more than US$ 481.3 Mn in terms of value in 2022. The report on the gene editing tools market further projects that the gene editing tools market is likely to grow at a CAGR of over 18.8% during the period 2022-2029.

The Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR/Cas9) segment is a leading segment in terms of revenue by product type in the gene editing tools market, and accounted for an approximate revenue share of 75% in 2018. CRISPR/Cas9 gene editing tools are most widely used by scientists to create transgenic animals that include zebrafish, pigs, mice, rats, and primates. Among all the distribution channels in the gene editing tools market, the academic and research institutes segment is expected to be most prominent segment, followed by biotech and pharmaceutical companies.

Prevalence of Cancers and Rare Genetic Diseases Establish a Strong Base for Innovation of Gene Editing ToolsThe rising prevalence of cancer and other genetic disorders, such as sickle cell disease, heart disease, diabetes, Alzheimer’s disease, obesity, and others, is among the key factors impacting the growth of gene editing tools market. Cancer is registered to be the second most prominent cause of death worldwide. According to the World Health Organization (WHO), the number of deaths due to cancer worldwide in 2015 was 8.8 million. However, cancer alone was responsible for an estimated 9.6 million deaths globally in 2021.

Worldwide, approximately about 1 in 6 deaths occur owing to cancer. An analysis states that approximately 70% of deaths due to cancer occur in low- and middle-income countries. Thus, gene editing is most preferred for the management of rare genetic disorders, which is driving the demand for gene editing, thus generating a favourable revenue opportunity for gene editing tools.

The growing prevalence and incidence of rare genetic disorders, majorly Sickle Cell Disease (SKD), cancer, and Alzheimer’s disease, is leading to the high demand for genome editing, and is one of the leading factors that is contributing significantly to the growth of the gene editing tools market. Moreover, gene editing tools, such as CRISPR, TALENs, and ZFNs, find precise applications in the treatment of cancer. Owing to the high efficiency and accuracy of the CRISPR-Cas9 gene editing technique, it has emerged as a potential tool for cancer therapy. Among its various applications, CRISPR-Cas9 has a high clinical potential to detect novel target genes for cancer therapy.

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gene editing tools market

Biomedical Community Eyes Potential Application of Gene Editing ToolsIntroduction of technologically advanced gene editing tools is expected to boost the growth of gene editing tools market. Recent advancements in CRISPR gene editing tools and their ease of use have generated significant interest in the biomedical community. Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)-based gene editing has high potential to cater to the therapeutic landscape of induced disorders, owing to the presence of key players in the industry such as Intellia, CRISPR Therapeutics, and Editas. CRISPR gene editing tools offer precise gene-targeted treatments for β-thalassemia and SKD. Among gene editing tools, there are potential applications for CRISPR in the gene editing tools market in human therapeutics as well as veterinary therapeutics.

Regional Players Focusing on Product Reach & ConnectivityNorth America, followed by Europe, is a prominent region in the global gene editing tools market. North America accounts for a revenue share of about 25.0% in 2021 in gene editing tools market. Europe accounting for the second-largest revenue share, and is followed by South Asia in the gene editing tools market. India, China, and Japan are among the emerging markets in the gene editing tools market. Japan is among the fastest-growing emerging markets in the global gene editing tools market, and is projected to grow at a CAGR of more than 6% during the forecast period of 2022-2028.

The gene editing tools market report tracks some of the key companies operating in gene editing tools market, such as Thermo Fisher Scientific Inc., ERS Genomics, CRISPR THERAPEUTICS, Merck KGaA, Editas Medicine, Takara Bio USA, New England Biolabs, Intellia Therapeutics, Inc., and GenScript Biotech Corporation. Majority of the key regional players in the gene editing tools market are focused on increasing their product reach and connectivity with the help of domestic distributors of gene editing tools. Moreover, the manufacturers of gene editing tools are focused to strengthening their businesses in high-growth markets, such as India, Japan, China, and Argentina, by expanding their sales and distribution channels across these countries.

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Gene Editing Tools Market by CategoryBY Product:

Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR/Cas9)
Zinc Finger Nucleases (ZFNs)
Transcription Activator-Like Effector Nucleases (TALENs)
Viral Systems
Transposon Systems
Others

BY Application:

Veterinary Medicine
Cell Line Engineering
Bioremediation
Food and Brewing Development
Food Waste Management
Bio sensing Development
Others

BY End User:

Biotech and Pharma Companies
Contract Research Organizations
Academic and Research Institutes
Food Industry
Others

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

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Pressure Bandages Market is expected to boost sales at a 3.4% CAGR, pushing the market valuation to US$ 274.5 Million in 2029

[195 Pages Report] According to a new report by Future Market Insights titled “Pressure Bandages Market: Global Industry Analysis (2014 – 2021) and Opportunity Assessment (2021 – 2029),” the global pressure bandages market is estimated to grow from US$ 186.5 Mn in 2022 to US$ 257.4 Mn by 2029 end. This reflects a CAGR of 3.3% over the forecast period 2022– 2029. The global market represents absolute $ opportunity of US$ 5.1 Mn in 2023 over 2022 and incremental opportunity of US$ 70.9 Mn between 2022 and 2029 North America is currently the most lucrative regional market for pressure bandages, followed by Western Europe and APEJ. However, in terms of annual growth, the Latin America pressure bandages market is anticipated to experience the highest CAGR of 3.9% during 2022-2029.

Global Pressure Bandages Market: Opportunities

Penetration of orthopaedic treatments in emerging economies including Asia Pacific and MEA is still not as widespread as compared to North America and Europe. This is owing to low awareness regarding advanced wound management and associated risk factors amongst the general as well as obese population
The retail e-commerce channel has gained significant attraction from consumers in the last few years, and is expected to show rapidly increasing adoption over the forecast period. Sales of pressure bandages through e-commerce have also increased in the last few years with e-commerce companies providing attractive discounts to their customers

Global Pressure Bandages Market: Forecast by Product Type

On the basis of product type, the global market for pressure bandages is segmented into short stretch bandages, long stretch bandages and multi-layer compression systems. In terms of value, short stretch bandages are likely to dominate the market throughout the period of forecast, while the long stretch bandages segment is expected to be the fastest growing segment during 2022-2029.

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Global Pressure Bandages Market: Forecast by Application

Segmentation by application includes lymphedema, leg ulcers, deep vein thrombosis and others. The leg ulcers segment is expected to be the most lucrative market for pressure bandages, with an attractiveness index of 1.9, while lymphedema is expected to remain the least attractive in the global market in revenue terms over the forecast period.

Global Pressure Bandages Market: Forecast by Raw Material

The different segments by raw material include cotton, latex, polyester, and others. Cotton dominated the pressure bandages market in revenue terms in 2021, and the trend is projected to continue throughout the forecast period.

Global Pressure Bandages Market: Forecast by Distribution Channel

On the basis of distribution channel, the global pressure bandages market is segmented into retail stores, online stores, hypermarkets & supermarkets, pharmacies and clinics. Retail stores and online pharmacies segments are expected to reflect an attractiveness index of 1.8 over the forecast period. The retail stores segment accounted for a market share of 41.4% in 2021.

Global Pressure Bandages Market: Forecast by Region

The seven key geographies of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA have been covered in this report. North America dominated the pressure bandages market in revenue terms in 2016, and the trend is projected to continue throughout the forecast period. MEA and Japan are expected to remain least attractive in the global market in revenue terms, with a market attractiveness index of 0.2 over the forecast period.

Global Pressure Bandages Market: Key Players

Some of the key players in the global pressure bandages market profiled in the report are BSN Medical (Svenska Cellulosa Aktiebolaget SCA), Smith & Nephew, 3M Inc., Medtronic Plc., Cardinal Health and ConvaTec Inc.

Pressure bandages Market by Category

By Product Type:

Short Stretch Bandages
Long Stretch Bandages
Multi-layer Compression Systems

By Raw Material:

Cotton
Latex
Polyester

By Application:

Lymphedema
Leg Ulcers
Deep Vein Thrombosis

By Distribution Channel:

Retail Stores
Online Stores
Hypermarkets and Supermarkets
Pharmacies
Clinics

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Pneumococcal Testing Market is valued at US$ 1.6 Billion in 2022 and is expected to reach US$ 3.6 Billion by 2030

[287 Pages Report] Having surpassed the global market valuation of US$ 1 Bn in 2021, the demand for pneumococcal testing continues to soar at a stupendous rate. A new Future Market Insights (FMI) study projects that the global pneumococcal testing market will exhibit a double-digit CAGR during the forecast period (2022 – 2030).

The use of pneumococcal testing is gathering momentum around the world owing to its current diagnostic landscape, including unmet needs and emerging technologies. Over the last decade, pneumococcal testing has undergone many technical improvements.

Increasing focus on molecular diagnostic methods for respiratory pathogen detection has yielded plethora of potential technologies. Pneumococcal testing has gained clinical significance in terms of effective ability to demonstrate high analytical sensitivity and specificity with ability to process several respiratory specimens.

Development of advanced nucleic acid detection tests and advancements in POCT products are the key factors for the growth of pneumococcal testing market over the forecast period. Moreover, rise in awareness about the benefits of early diagnosis among patient pool has increased the number of diagnostic tests in developing regions such as India, and Africa.

Additionally, increase in adoption of molecular diagnostic testing and untapped markets in the developing regions are expected to provide new avenues for the growth of pneumococcal testing market in the near future.

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pneumococcal testing market

Key Takeaways of Pneumococcal Testing Market Study

Point of care testing (POCT) remains the preferred testing methos, representing about 2/5th of total market revenue. This is attributed to rising need to provide results in real time that help physicians make informed decisions in treatment of diseases. Moreover, POCT is useful as medical care shifts to a focus on prevention, early detection, and managing acute and chronic conditions.
Analyzers capture a leading value share in market and will maintain the trend throughout the forecast period.
Hospitals account for over half of overall market value, given availability of pneumococcal testing and skilled personnel for better clinical management of various diseases across several medical domains.
Enzyme linked immunosorbent assay (ELISA) accounts for major revenue share, owing to its high sensitivity and specificity, and easier to perform compared to other methods used for the detection of substances in body.
North America and Europe collectively contribute over 70% of market share in pneumococcal testing market, with the former expected to grow at a CAGR of 12% during the forecast period.
Increasing prevalence of pneumococcal diseases, recent advancements in pneumococcal diagnostics and government support for quality healthcare is driving the pneumococcal testing market in North America.

Diagnostic tests have the potential to improve patient care when the results are available to clinicians in a meaningful time frame. In addition, they are highly reliable to influence pathogen-directed treatment decisions, and provide important epidemiologic information.

Tracking the COVID-19 Impact on Market PerformanceThe coronavirus (COVID-19) pandemic is having positive impact on market growth. The Centers for Disease Control and Prevention (CDC) has reported an upsurge in pneumonia mortalities related to the novel coronavirus.

This has spurred the adoption of molecular diagnostic tests for treating COVID-19 pneumonia. Health systems worldwide are gathering random samples from patients having severe respiratory illnesses such as pneumonia, including those with travel history, and testing them for COVID-19.

Acquisition Strategic Focus of Pneumococcal Testing ManufacturersAcquisition strategy helps in complementing life sciences offering innovative technologies that create significant value to organizations. For example, in March 2020, Thermo Fisher Scientific Inc., the world leader in serving science acquired QIAGEN N.V., a leading global provider of molecular diagnostics and sample preparation technologies. This acquisition provides an opportunity to leverage industry-leading capabilities and R&D expertise to accelerate innovation.

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FMI’s Extensive Report CoverageFuture Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global pneumococcal testing market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights on pneumococcal testing market on basis of method (Immunodiagnostics, Molecular Diagnostic, Point of Care Testing), product type (Consumables, Analyzers), technology (Immunofluorescence, Enzyme Linked Immunosorbent Assay (ELISA), Western Blot Test, Nucleic Acid Sequence based Amplification, Immunohistochemistry, Polymerase Chain Reaction, Others) and end users (hospitals, ambulatory surgical centers, Clinics) across seven major regions.

Pneumococcal Testing Market by CategoryBy Method:

Immunodiagnostics
Molecular Diagnostic
Point of Care Testing

By Product:

Consumables
Analyzers

By Technology:

Immunofluorescence
Enzyme Linked Immunosorbent Assay (ELISA)
Western Blot Test
Nucleic Acid Sequence based Amplification
Immunohistochemistry
Polymerase Chain Reaction
Others

By End User:

Hospitals
Ambulatory Surgical Centers
Clinics

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The Thermoformed Containers Market Is Projected To Grow At 4% Volume CAGR Through 2027

“As an efficient, durable and safer mode of packaging, thermoformed containers have penetrated in a wide range of applications ranging from consumer goods to medical packaging”

Thermoformed container sales surpassed 185 billion units in 2018, equaling a market value worth US$ 15.9 billion. FMI’s new study forecasts that the thermoformed containers market volume sales will grow at 3.7% in 2019. The projected growth of the thermoformed containers market can be attributed to,

An extensive penetration of thermoforming material in daily applications
Developments in thermoforming container manufacturing technology, particularly the implementation of 3D printing tools
Initiatives of manufacturers as well as national governments towards recycling of thermoforming materials
Introduction of easily recyclable, more effective and application-specific thermoforming containers

“As an efficient, durable and safer mode of packaging, thermoformed containers have penetrated in a wide range of applications ranging from consumer goods to medical packaging. With the advent of 3D printing tools, manufacturing capacities of thermoforming are set to expand in the future. And on the back of increased efforts in recycling, thermoformed containers are likely to observe steady growth prospects in the coming years wherein volume sales are expected to reach 191 billion units in 2019, totaling revenues worth US$ 16.6 billion,” says FMI.

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Thermoformed Trays and Lids Segment Lucrative, Blisters are Top Selling

The study finds that trays and lids continue to garner greater revenues while blisters remain top-selling product and held one-third of the global sales in 2018. Thermoformed trays and lids accounted for over one-fifth of the sales and remained the most lucrative segment.

Increased use of blister packaging has led manufacturers to introduce various innovations in the form of enhanced protective features, production and technology integration and sustainability. In particular, pharmaceutical packaging manufacturers are leveraging these innovations in the blister packaging to meet the evolving expectations of stakeholders while maintaining a good profit margin.

Thermoformed trays and lids are highly embraced by end-users owing to their versatility in design manufacturing and customization for brand marketing. Also, efficient sealable feature combined with effective resealing extends the application scope of thermoformed trays and lids across end-user industries ranging from food to pharma.

Over 3 in 10 Thermoformed Containers Sold in 2018 were of Polyenthylene

The study finds that polyethylene thermoformed containers accounted for over one-third volume sold in 2018. Polypropylene remains the second most preferred material and accounted for over one-fifth share of the total thermoformed containers sold in 2018.

Polyethylene fits well in the packaging industry’s trending material features such as light-weight and strength. High density polyethylene (HDPE) is one of the highly dependable material among different polymers used across thermoforming container applications. Along with rigidity, polyethylene provides resistance to stains, odors and moisture- characteristics that are highly embraced across industrial applications.

Well aware of polyethylene’s popularity, manufacturers provide a number of options with respect to shape, color, size and thickness, implying its widespread adoption.

4 in 10 Thermoformed Containers Sold to Food and Beverage Industry in 2018

The study reveals that the food and beverage industry continues to register increasing demand for thermoformed containers and accounted for 40% sales in 2018. Growing demand for canned and packaged food on the back of changing lifestyles and urbanization is contributing to the sales of thermoformed containers in the food and beverage industry. A trend of ready-to-eat food and a growing emphasis on hygienic packaging further increases demand for thermoformed containers in the F&B sector.

Sales in the pharmaceutical industry remained the second largest, accounting for 3 in 10 thermoformed containers’ sales in 2018. Blisters are the highly embraced packaging products, especially for medicines whose sales have increased exponentially over the past few years.

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Thermoformed Containers Sales Spearheaded by APEJ

The FMI study opines that APEJ spearheads the thermoformed container consumption. In 2018, the region accounted for over one-third of the global volume sales with China at the helm of thermoformed container sales in APEJ. The region presents lucrative opportunities for manufacturers with the availability of raw materials, low-cost labor and significant demand for thermoformed packaging from end-use applications. Also, investments in food and beverage as well as pharmaceutical packaging is increasing with the expanding middle class and improving economic scenario.

The FMI report tracks the thermoformed containers market for the period 2019-2027. According to the report, the thermoformed containers market is projected to grow at 4% volume CAGR through 2027.

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

Security Labels Market is projected to surpass US$ 45 Bn by 2030, with barcode security labels at the growth forefront

Future Market Insights in its latest released report, projects over 3% annual growth in global security labels market, which will propel the total market size to be over US$ 45 by in 2030. Expansion of retail sector, its remarkable evolution, and changing consumer consciousness have collectively stimulated the growth of allied industries such as labelling and packaging.

Demand to make retail more organized with improved and efficient inventory management is expected to up the demand for security labels. Future Market Insights predicts that the ever-expanding food & beverages and pharmaceutical markets will propel the demand for advanced security labels that come to RFID and NFC technologies.

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Growing e-commerce and bulk buying has significantly created a need for right labelling to ensure proper asset tracking, tracking of warehouse locations, and safe storing of the product until it reaches the buyer. The need to differentiate products on shelves has compelled security label manufacturers to offer high quality labels that satisfy the packaging and labelling objectives of their clients operating in retail and food markets.

Use of security labels reduce chances of package tampering, which ensures right delivery of products to consumers. Security labels also allow fast and reliable authentication of genuine products, which is essential for safeguarding customer’s interest.

Identification of authentic products from the counterfeit one has been noted as the key market driver as it maintains product integrity. Analysts have assessed each of these factors in detail to ascertain them as powerful market forces responsible for market growth.

Key Takeaways of Security Labels Market Study

Food & beverage industry is estimated to account for more than 2/5^th of the security labels demand by 2030
Barcode labels to have an incremental opportunity of US$ 5 Bn by 2030
Plastic, as a raw material, estimated to account for 45% of the global market by value and is expected to reach slightly over US$ 20 Bn by 2030
VOID pattern type is estimated to account for more than 60% by value of the market share by 2030
Boxes & cartons estimated to account for half of the market share by 2030 owing to ease of application due to flat surface of boxes and cartons
East Asia is estimated to have an incremental opportunity of US$ 6 Bn by 2030 with presence of large number of packaging products manufacturers.

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Unique Identification Technology and IoT to Boost the Demand for Security Labels

RFID technology, which offers unique identification and real-time information, is expected to give security labels the much-needed overhaul. While it does increase the price of security labels, RFID enables accurate tracking of products. From date of manufacturing to expiry, asset tracking, and inventory management, the modern security labels are expected to simplify many issues for end users.

This technology coupled with Internet of Things and cloud computing technologies used across verticals is expected to enhance security labelling as the best solution for ironing out the creases in logistics and supply chain. Easy access to information about products, information about warehousing, storing, and final dispatch can be easily managed with such labels.

RFID security labels are also expected to make lab work error free as they largely remove the element of human interaction for reading, sorting, shelving. Such benefits are expected to favor market growth in the coming years.

One of the challenges that brand owners face is maintaining and developing a positive brand image. Companies strive to achieve positive impression by improving product performance, reliability, and creating value. However, counterfeit products can tarnish the positive brand image and gray market of the products can result in margin shrinkage. To overcome the challenge, security labels are anticipated to play a vital role in authentication of products. This is likely to boost the demand for security labels in the years to come,” says an FMI analyst.

Impact of COVID-19 on Security Labels Market

The short term impact of COVID-19 pandemic can be felt through shortage of raw material and disturbed supply chains in the security labels market. While this has caused the sales to plummet, the pandemic has also highlighted the need for it security in the pharmaceutical, healthcare, and R&D industry.

The growing clinical trials and increasing diagnostics have created a dire need for security labels across labs and research and development centres. Increasing pressure to find a vaccine for COVID-19, will need accurate labelling of samples, thus generating a massive demand for security labels.

Investment by governments in these clinical trials across the globe is also expected to up the demand for security labels in indirect ways.

Security Labels Market Landscape

Avery Dennison Corporation, 3M, CCL Industries Inc., Brady Corporation, Zebra Technologies Corporation, Honeywell Corporation are the top players operating in the Security Labels Market. Furthermore, Covectra, Inc., UPM Raflatac, tesa SE, Mega Fortris Group, Sato Holdings Corporation, Muehlbauer Holding AG, Invengo Technology Pte. Ltd and Smartrac Group are prominent players in the security labels market. The Tier 3 players in the market hold 63-70% in the global Security Labels Market. In conclusion, key players contribute 20-30% of the global market.

APAC’s Floating Covers Market Revenue to Exceed US$ 330 Million in 2022

As indicated in a new market research study by Future Market Insights, the roughly US$ 850 million floating covers market is likely to display around 4.5% yearly growth in the revenue, in 2022. The report projects steady revenue growth prospects for global floating covers landscape over the next few years, predominantly driven by sustained demand for an increasing number of wastewater treatment plants.

While agricultural application of floating covers also continues to generate moderate revenue, the demand for floating covers for protecting potable water reservoirs is also cited as an important factor pushing the growth of floating covers market growth.

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Functional Attributes of Floating Covers Account for Steady Demand

Prominently attributed to their low maintenance design and excellent UV tolerance, floating covers continue to witness stable consumption also due to remarkably low permeability and the ability to provide long-term protection to water bodies against environmental adversities and contaminating agents.

A senior market research analyst at FMI explains, “Superior material strength, lightweight nature, economic price point, and exceptional flexibility collectively account for the ideal attributes of floating covers that push their adoption for a range of applications, including prevention of external contamination as well as odor”. “Rapidly increasing awareness about water conservation and prevention of contamination will continue to provide an impetus to the steadily growing demand for floating covers in coming years,” adds the analyst further.

Voluminous industrial wastewater quantity is collected and stored on a daily basis, before the actual treatment process. Manufacturers are thus increasingly targeting wastewater treatment plants that hold high potential to generate demand for specific sizes of floating covers on a regular basis.

In addition, food processing facilities, brewing companies, and chemical treatment and manufacturing units continues to register decent consumption of floating covers, according to research.

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Biodegradability Is Still a Major Concern

Despite the positive growth outlook projected for floating covers landscape, sustainability remains a major concern for both manufacturers and consumers. Floating covers are generally manufactured from plastic-derived materials and take a longer time period for degradation in the environment.

Moreover, complete biodegradability of the key manufacturing materials used in floating covers is still a debatable issue that continues to attract research interests worldwide. This could remain a limiting factor against the growing demand for floating covers over the foreseeable future, says the report.

The report concludes that among linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE), Polyvinyl Chloride (PVC), and Polypropylene (PP), it is more likely that HDPE will continue to experience a dominant revenue share over others – attributed to high recyclability of the thermoplastic material compared to all others in the list.

Elaborating on the trends that are dictating marketing and product innovation strategies of floating covers manufacturers, the FMI analyst says, “Apart from customized floating covers, a growing trend of modular floating covers is identified to be shaping the market growth in recent years. Application-specific material innovations is also an important factor influencing the adoption of floating covers worldwide. FMI research foresees growing applicability of floating covers in biogas recovery”.

Floating Covers Market Remains a Fragmented Landscape

The global market for floating covers is a highly fragmented landscape wherein smaller companies account for around 95% share of the total market revenue.

Maintaining the focal point on consumer convenience, leading manufacturers of floating covers are strategizing product premiumization with an objective to add value to the existing customer base.
A majority of companies competing in the floating covers marketplace are also concentrating on regional market expansion, especially across developing economies.

Raven Industries Inc., one of the prominent players operating in the global floating covers landscape, recently inked an agreement to strategically acquire Colorado Lining International with an objective to expand the global outreach. The company more recently launched a new production facility in Texas that enables the company to support end-to-end production of floating covers.

The report on floating covers landscape throws light on in-depth company profiles that help evaluate strategies of competitors, their key offerings, financial status, and recent developments. Some of the profiled players include GSE Environmental, Inc., Cooley Group, Nilex Inc., Royal TenCate, Hexa-Cover A/S, FLI France SAS, Industrial & Environmental Concepts, Inc., Aquatan (Pty) Ltd., and Advanced Water Treatment Technologies, besides Raven Industries Inc.

In-depth regional analysis of the global market for floating covers reveals that owing to steadily growing floating covers demand for agricultural, water treatment, and water storage applications, APAC remains the most attractive regional territory for manufacturers of floating covers.

Moreover, Germany and the US continue to drive floating covers market in developed regions, whereas markets across developing economies across Latin America and MEA are likely to demonstrate a promising outlook for market growth.

For additional insights on the regional market scenario and detailed segmental analysis of the floating covers marketplace, reach out to the analyst at press@futuremarketinsights.com

About Packaging Division at Future Market Insights

Vending Cups Market Will be Valued at US$ 2,611 Mn by 2028

Pegged at the global revenue of more than US$ 1.8 billion during the same period, revenues in the global vending cups market are a resultant of the increased ‘on-the-go’ consumption culture

A recent analysis by Future Market Insights (FMI) on the global sales of vending cups forecasts a modest growth through 2019. However, the demand for vending cups is anticipated to remain rather sluggish through the 2028, considering recyclability questions associated with vending cups.

The global vending cups market is expected to expand at moderate annual growth rate of 3.9 percent in 2019, with the CAGR touching an all-time low in 2028, touching the valuation of approximately US$ 2.6 Billion through the forecast timeline.
In terms of value, FMI also forecast a dip in the Year-on-Year growth rate as more and more nations implement stringent laws circling ‘single-use plastic’ policy.

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“Plastic consumption has remained a critical issue, impacting the overall food chain and public health. However, several global initiatives are being taken by Governments- both in emerging and developed markets to reduce or completely eliminate the sales and consumption of single-use plastics—with a key focus on plastic cups, bags, and straws, amongst other commodities. Vancouver, for instance, in its effort to ban all solid waste by 2040, has banned plastic straws. The nation has also moved a motion—to be in effect from June, 2019—to ban the distribution of takeout containers and foam cups.

India, in 2017, took a major step towards banning all forms of single-use plastic. European Union, too, through its new plans, is expected to reduce the consumption of single-use plastics and microplastics by 2030. FMI anticipates that growing public consciousness of sustainability and waste issues will remain a critical factor, suppressing the demand for vending cups. Such developments in the market could strike a significant blow to market growth, considering plastic still accounts for over 27% of the global vending cups market, by material”, explains a senior research analyst at the company.

Strategy Analysis through Competition Tracking

The global vending cups market showcases an extremely fragmented-high competition landscape, with the small, tier-3 companies accounting for the largest market share. Tier 3 companies dealing in vending cups such as Dispo International, SwissPrimePack, and Benders Paper Cups receive most of their revenue through aggressively defending their product portfolios.

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Other key insights from competitive landscape analysis include:

Tier-3 companies in the global vending cups market account for a major share of the market, contributed to nearly 60 percent of the total global market share.
Tier-2 players, including RPC Tedeco Gizeh and International Paper Company, contributing, falling under the 1-2.5 percent revenue share bracket, are anticipated to account for nearly 16-20 percent of the total vending cups market
Tier-1 companies, Huhtamaki Oyj, Coveris Holdings S.A., New WinCup Holdings, Inc., and Nupik-flo UK Ltd.—sharing a revenue bracket of above 2.5 percent, are estimated to hold a total of 20-25 percent of the vending cups market share.
However, larger vending cups companies are projected to have relatively stronger clout with suppliers and therefore, less alarmed by the pricing issue than smaller operators, considering competitive pricing remains a vital factor for vending cups manufacturers.
As a part of their differentiation strategy, participating companies in the vending cups landscape are focusing on the increasing their profit margin through value-added product portfolio expansion.
Some other companies, including Nupik-flo UK Ltd and Huhtamaki Oyj are concentrating their efforts on enhancing its custom offerings—with key focus product design and consumer appeal.
Production capacity expansion through strategic mergers and acquisitions among vending cups manufacturers looking forward to achieve global market presence.
For instance, Huhtamaki Oyj’s recent acquisitions Ajanta packaging and CuPrint are aimed at expanding its existing capabilities. Moreover, in as a part of its expansion plan, the company is also to increase Finland’s plant capacity and recent expansion of Alf plant in German.
Advancements in technology such as 3D printing tools and manufacturing tools have been introduced by vending cups manufacturers to improve product efficiency and packaging quality of vending disposable cups.

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Regional Insights from the Global Vending Cups Market Report

Holding nearly 1/4^th of the total vending cups market, North America is anticipated to remain a key revenue generating pocket, selling over 19k Mn Units of vending cups by 2028 end.
However, FMI analysis indicates North America losing its market share to Asia Pacific in the coming years, owing to increasing popularity of vending cups in the region.
In Latin America, vending cups without lid is anticipated to register a peak y-o-y growth rate of during 2020-2021, with cold vending cups dominating the landscape, in terms of application.
By molding technology, thermoformed molded vending cups are expected to retain their edge across regions, including Western Europe. In terms of material type, Western Europe is expected to witness increasing demand for paper-made vending cups, expanding at 1.2x of its current value by 2022.
In Easter Europe, potential growth opportunities are spotted in Poland, considering the region’s expansion at a steady growth rate. However, as opposed to Latin America, Eastern Europe will witness increased demand for hot vending.
APEJ will remain a key revenue generating region for the global vending cups market, accounting for more than 34 percent of the total market share, by the end of forecast period. India is identified as the most lucrative market in APEJ, as per FMI study. Leading companies installing more number of vending machines in developing regions of APEJ is a factor driving the product growth.
The region will also be seen favoring paper-made vending cups as opposed to plastic cups, considering stringency in Government norms banning plastic. Paper material segment in APEJ is expected to expand 1.4x of its current value by 2022.

In its report on global vending cups market, FMI has also analyzed key opportunity pockets, for stakeholders in the foodservice disposables market. Drop an email to our expert analysts at press@futuremarketinsights.com to gain actionable insights on the same.

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The Global Packaging Foam Market Was Valued At US$ 6.6 Bn In 2022 And Is Projected To Record A CAGR Of 5.7%

Future Market Insights (FMI) delivers key insights on the global packaging foam market in its published report titled “Packaging Foam Market: Global Industry Analysis 2012-2021 and Opportunity Assessment 2022-2026”.

In terms of revenue, the global packaging foam market is projected to expand at a CAGR of 5.5% during the forecast period, owing to numerous factors on which FMI sheds light in this report. In terms of volume, the global packaging foam market is anticipated to register a CAGR of 5.2%, during the forecast period. The Asia Pacific packaging foam market is expected to remain in the leading position during the forecast period.

Packaging foam is used for protective packaging solutions and is suitable for lightweight products. Packaging foam is made by trapping pockets of gas in liquids or solids.

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The increase in technological developments in packaging has resulted in the growth of the global packaging foam market. The advancements in the transportation industry are positively affecting the growth of the global packaging foam market.

In this report, Future Market Insights suggests that the growth of packaging foam market can be mainly attributed to the contributions from emerging economies like India and China in the APEJ region. The packaging foam market in China is expected to be at the forefront, spearheading the growth of packaging foam, during the forecast period.

According to the research by Future Market Insights, the demand for packaging foam has witnessed rapid growth in China in the past couple of decades. The APEJ region is characterized by a robust political, demographic, and economic ecosystem of the leading emerging economies and a rapidly growing packaging foam market in the region will lead to optimum growth levels in the coming decade.

End users of packaging foam such as automobile, construction, food & beverages, consumer electronics, and homecare & personal care industries are increasingly adopting foams in packaging to increase the safety level of their products.

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The increase in the manufacturing activity and industrial output has led to the growing sales of packaging foam. Manufacturing activity and industrial output remain vital to both, the developed and the developing economies.

Such activities contribute to exports, research and development, and productivity which will lead to mature markets in various nations. In emerging economies, the increase in the consumption of end products due to a change in living standards and growing income has created new market opportunities for packaging foams. The revenue generated from packaging foam in the Asia Pacific Excluding Japan (APEJ) region is estimated to account for over 42.2% of the global packaging foam market.

E-commerce is the prime consumer of the packaging foam industry. The retail environment in developing countries such as China, India, and Malaysia has experienced a massive transformation with a significant increase in the number of retail formats such as hypermarkets, supermarkets, convenience stores, and retail e-commerce which have led to the growth of the global packaging foam market.

The rising Internet penetration across the globe has witnessed a continuous shift in the purchasing pattern of an individual and has increased the awareness among the people to use the packaging foams for the safety of products. Along with growing disposable incomes and lesser time spent on shopping manually, e-tailing is gaining massive traction among individuals. In addition to this, e-commerce has reduced the destination barriers which have fuelled cross-border retailing among high-net-worth individuals.

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Moreover, rising smartphone penetration and ease in the availability of the Internet are considerably driving the growth of packaging foams. Therefore, the continuous growth in the e-commerce industry along with an increase in mobile shopping is expected to drive the growth of the packaging foams market. Manufacturers and retailers use simplified designs, lightweight packs, and recyclable materials for transportation of the products.

Key players of global packaging foam include Armacell, JSP, Zotefoams Plc., BASF SE, Sealed Air Corporation, Synthos SA, Rogers Corporation, Kaneka Corporation, Arkema, and Foampartner Group.

For more insights on the packaging foam market, reach out to Future Market Insights analysts at press@futuremarketinsights.com

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Aerosol Dispensing Systems Market: Global Industry Analysis 2012-2016 and Opportunity Assessment; 2017-2027

Aerosol Dispensing System Market Overview

Aerosol Dispensing System Market: Overview

Over the years, packaging has emerged as an integral part of the modern world due to the growing consumer interest in easy-to-use and convenient products against the backdrop of a fast-paced lifestyle. The increasing use of home and personal care products has made great strides in the last few years due to different consumption patterns.

Aerosol dispensing systems are one such effective packaging solution. Aerosol dispensers are usually devices designed to dispense liquefied or compressed gas propellants.

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This dispenser usually has a container that holds disperse pressure substances such as drugs, paints, pesticides, and hairsprays. When the dispenser valve is released, the propellant pushes the pressurized substance into the atomizer, releasing a fine spray from the dispenser.

Aerosol Dispensing Systems Market: Drivers and Constraints

One of the key factors adding to the development of the aerosol dispensing system market is the growth of modern retail formats. The increasing trend of convenient distribution of propellants has led retail FMCG companies to manufacture technologically advanced aerosol dispensers around the world. In addition, the increase in disposable income among working class people is another important reason for the growth of the aerosol dispensing system market.

In addition, increasing aerosol use as a result of fast-paced lifestyles will drive the growth of the aerosol dispensing system market and manufacturers will choose technological developments to gain greater market share in aerosol dispensing. The system market, which may be a prominent aspect for encouraging.

Another factor added to the increasing demand for aerosol dispensing systems is their ease of recycling. In addition, the growing shift to automated aerosol dispensers is seen as the dominant trend among aerosol dispensing system manufacturers. However, strict government regulations on the use of plastics are expected to impede growth in the aerosol dispensing system market.

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Also, the negative environmental impact associated with the use of plastic aerosol containers can hinder the growing aerosol dispensing system market. Other restraints, such as the high price of actuators for dispensing systems, are also hindering the growth of the aerosol dispensing system market.

The growing shift to automated aerosol dispensers is seen as the dominant trend among aerosol dispensing system manufacturers. However, strict government regulations on the use of plastics are expected to impede growth in the aerosol dispensing system market. Also, the negative environmental impact associated with the use of plastic aerosol containers can hinder the growing aerosol dispensing system market.

Other restraints, such as the high price of actuators for dispensing systems, are also hindering the growth of the aerosol dispensing system market. The growing shift to automated aerosol dispensers is seen as the dominant trend among aerosol dispensing system manufacturers. However, strict government regulations on the use of plastics are expected to impede growth in the aerosol dispensing system market. Also, the negative environmental impact associated with the use of plastic aerosol containers can hinder the growing aerosol dispensing system market.

Other restraints, such as the high price of actuators for dispensing systems, are also hindering the growth of the aerosol dispensing system market. The negative environmental impact associated with the use of plastic aerosol containers can hinder the growing aerosol dispensing system market. Other restraints, such as the high price of actuators for dispensing systems, are also hindering the growth of the aerosol dispensing system market.

Aerosol Dispensing Systems Market: Regional Overview

Geographically, the global Aerosol Dispensing Systems market is divided into seven regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (APEJ) excluding Japan, Japan, the Middle East and Africa (MEA). ..

Demand for aerosol dispensers is directly linked to the growth of the aerosol market around the world. Significant economic growth is expected over the next decade, depending on developing countries such as China and India. Growing demand for aerosol products as the population grows is expected to drive the overall growth of the aerosol dispensing system market in the Asia Pacific region. .. Therefore, the Asia Pacific region has the potential to dominate the global aerosol dispensing system market.

In contrast, the North American and European regions are relatively mature markets in terms of technological advances in dispensing systems and may show steady growth during the forecast period. However, due to the increasing trend towards aerosol use in the Middle East and Africa as well as Latin America.

Overall, with the growing number of aerosol applications, the global aerosol dispensing system market is expected to grow at a healthy CAGR over the forecast period.

Aerosol Dispensing System Market: Key Player

Coveris Holdings SA and Rubbermaid Commercial Products LLC are among the leading companies currently active in the aerosol dispensing system market worldwide. , Big D Industries, Inc., Nilodor, Inc., Aspire Industries and more.

Regional analysis includes:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

This report summarizes direct information, qualitative and quantitative assessments by industry analysts, and input from industry experts and industry participants throughout the value chain. The report provides a detailed analysis of parent market trends, macroeconomic indicators, and controlling factors, as well as market attractiveness by segment. The report also maps the qualitative impact of various market factors on market segments and regions.

Aerosol Dispensing Systems Market: Segmentation

Based on the type of dispenser, the global aerosol dispensing system market is divided as follows:

Manual dispenser
Automatic dispenser

Based on the type of material, the global aerosol dispensing system market is divided as follows:

Plastic dispenser
Glass dispenser
Metal dispenser
others

Based on the application, the global aerosol dispensing system market is divided as follows:

Personal care
Medicine
home
paint
Food & Beverage
Automotive and industry
others

Liquid Wrapping Paper Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017-2027

Liquid Wrapping Paper Market Overview

Recent trends in the global food and beverage industry show that demand for dairy products, juices and dilute beverages is steadily increasing. This key fact is driving global demand for liquid packaging. Liquid packaging generally uses liquid packaging paperboard (LPB) or simply liquid paperboard as a raw material. Liquid wrapping paper is a type of laminated board. Liquid wrapping paper is usually a multilayer board coated with low density polyethylene (LDPE) and aluminum. The coated barrier should retain the liquid and prevent the movement of flavor and air through the LPB.

Basically, there are two groups of liquid wrapping paper.

It consists of about 6 layers of LPB. 75% paperboard, about 20% LDPE, and about 5% aluminum. It has a share of about 75% of the total liquid wrapping paper market.
It consists of about 3-4 layers of LPB. 80% paperboard and the rest is LDPE. It has a share of about 25% in the entire liquid packaging market.

Liquid wrapping paper has features such as leak-proof, recyclable, and lightweight features. Their thickness depends on the application. Their basis weight can vary from 180 to 310 gsm.

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Liquid wrapping paper: market dynamics

The world’s population is growing rapidly in the Asia-Pacific (APAC) and Africa regions. The target consumer population has gained that share. At APAC, population growth is driven primarily by the economic powers of Asia, India and China. In Africa, the population under the age of 25 is about. 25%, which is estimated to reach 45% by 2050. The diary segment leads the highest demand compared to juices and dilute beverages. Diaries are the fastest growing segment and an essential source of nutrition for people of all ages.

These above facts or trends change the dynamics of the liquid wrapping paper market. Lifestyle changes in APEJ and the African region bring the need for reliable, easy-to-carry, preserved shelf life and fresh packaged beverages. This is another factor driving the demand for liquid wrapping paper. In emerging markets

The cost of manufacturing liquid wrapping paper is lower than that of metal, plastic and glass cans for wrapping. These are flexible and recyclable. The recyclability of these boards helps reduce raw material costs and thereby reduce overall manufacturing costs. There are liquid packaging boards approved by the FDA for food contact. After being converted to a carton, these boards offer attractive features such as leak protection, protection from light and contamination, and easy disposal. Liquid wrapping paper is ideal for regulated atmosphere packaging (MAP), which is highly needed in the world’s packaging beverage segment. Flexible spout pouches and PET bottles are a threat to the growth of the liquid wrapping paper market.

Liquid wrapping paper: market segmentation

The liquid wrapping paper market is divided based on end use and materials. Based on the end use, the liquid wrapping paper is divided into diaries, juices, dilute drinks and so on. Based on the material, the liquid wrapping paper is divided into plastic barrier coating, aluminum barrier coating and so on. The diary segment creates the highest share of liquid wrapping paper, among other things.

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Liquid Wrapping Paper Market: Regional Outlook

The liquid wrapping paper market is divided into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific (APEJ) excluding Japan, the Middle East and Africa (MEA), and Japan based on region.

Liquid Wrapping Paper Market: Major Companies

Players in the global liquid wrapping paper market include Evergreen Packaging, Billerud Korsnäs AB, Candesce, Elopak, Stora Enso and Visy.

The research report presents a comprehensive assessment of the market and includes thoughtful insights, facts, historical data, and statistically supported, industry-validated market data. It also includes predictions using the appropriate set of assumptions and methodologies. Research reports provide analysis and information according to categories such as market segment, region, product type, and application.

The report covers exhaust analysis for:

Market division
Market dynamics
Market size
Supply and demand
Current trends / problems / issues
Companies involved in competition
technology
Value chain

Regional analysis includes:

North America (USA, Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, UK, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia, New Zealand)
Japan
Middle East and Africa (GCC countries, South Africa, North Africa)