Cosmetic Chemicals Market Segmentation, Outlook, Industry Report to 2025

Cosmetic chemicals are the primary ingredients that are used for formulation of personal care products. Cosmetics have come from late civilizations due to need for improving looks and appearance. Since then, ingredients in cosmetics have changed drastically and new techniques and formulas were introduced to manufacture own cosmetics and scents. Different minerals were used to produce colors by the ancient Egyptian aristocracy to give description to their facial features. During the Greek era it was very universal to make use of face paints, while the Romans favored baths that contained oil based perfumes.

Almost 1500 chemical entities have been recognized to be cosmetic chemicals globally. The common chemicals that are found in the cosmetics include thickening agents, carrier powders, colorants, pigments, surfactants, preservatives, emollients, film formers and moisturizers among others. The cosmetics chemicals which are consumed on a large scale include emollients, film formers and moisturizers followed by surfactants globally. The cosmetic industry is fragmented as large number of suppliers provides a very wide range of inorganic and organic chemicals that are the necessary ingredients in the cosmetic industry. Nevertheless, twenty or more major international companies have a considerable share of cosmetic chemicals trade in the market.

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The major diving factors of the cosmetic industry include growing demand from the ethnic groups for beauty products that are tailored according to their needs. In addition, the increasing purchasing power coupled with growing awareness and demand for personal care products among the aging baby boomers is also expected to fuel demand for cosmetic chemicals market. However, increasing demand of natural ingredients may hamper the growth graph of the global cosmetic chemicals market. In addition, major companies have comply with standards and regulations in the industry.

The key segments for cosmetic chemicals market include North America, Asia Pacific, Europe and Rest of the World (RoW). North America is expected to be the largest consumer of cosmetic chemical owing to the high demand for hair care products and growing demand for multifunctional products. In addition, growing male grooming segment is also expected to boost demand for cosmetic chemicals in the market. Asia Pacific is expected to be the largest consumer of cosmetic chemicals in the near future. Southeast Asia including Thailand, Malaysia, Indonesia, Vietnam and Singapore is expected to show substantial growth in the coming years.

The trends that the cosmetic industry follow globally include Globalization of cosmetic products as major international companies such as L’Oreal, Unilever and Procter & Gamble continue to invest in the growing markets. Other trends include consolidation, increased use of nontraditional distribution channels and growing interest in cosmeceuticals among others.

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The cosmetic chemicals companies use innovative bio based high performance products and advanced technologies to manufacture a wide variety of products. The key companies profiled include: Akzo Nobel NV, Ashland Incorporated, Active Organics, BASF SE, Berkshire Hathaway Incorporated, Bayer AG, Clariant International Limited, Dow Chemical Company, Eastman Chemical Company, Evonik Industries AG, Emery Oleochemicals Group, FMC Corporation, Novecare, Integrated Botanical Technologies, Pilot Chemical Company, Procter & Gamble Company, Solvay SA and United-Guardian Incorporated among others.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

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Cosmetic Chemicals Market: Segmentation

The cosmetic market is generally segmented based on products into

  • surfactants
  • oleochemicals
  • aroma chemicals and blends
  • botanical extracts
  • fats
  • oils and waxes and polymers
  • others

The cosmetic market is generally segmented based on applications  into

  • skin care products
  • hair care products
  • color cosmetics
  • makeup
  • toiletries
  • oral care
  • others

Fiber Cement Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2030

Fiber cement is one of the most commonly used and highly essential composite materials, and with its superior physical properties such as high strength and durability, it also finds applications in the production of façade and roofing products. By chemically reacting with water, cement forms a hard stone, and through the reinforcement of fiber in the mixture, the cement stone provides better properties such as strength and longevity, to building & construction materials.

The modern construction industry across the world is discovering the unique and innovative advantages of using fiber cement in various construction applications such as cladding and roofing. The primary function of fiber cement in such industrial applications is to improve performance characteristics while reducing the commercial value of building & construction materials.

With the growing applications of fiber cement in the modern construction operations, owing to its unique features and properties, the growth of the fiber cement market is expected to maintain a positive momentum in the coming years.

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Superior Performance Benefits over Conventional Cement Materials will Uphold the Growth

Being an integral part of the building & construction materials industry, fiber cement is primarily used in both interior and exterior applications such as siding, roofing, cladding, and molding and trimming. The building & construction materials utilised in interior and exterior applications require specific chemical and physical properties to withstand the potentially adverse impacts of several factors such as weather, temperature, and humidity.

An important reason why fiber cement is witnessing immense demand is its performance characteristics over traditional cement, such as the ability to resist harsh weather conditions, resistance to warping and sagging, low maintenance requirements, humidity resistance, and fireproof properties. Such unique and favourable attributes of fiber cement are pushing stakeholders in the construction industry to replace traditional building & construction materials such as wood and vinyl, with fiber cement, and this is expected to continue to create lucrative sales opportunities for players in the global fiber cement market.

Popularity of Low-cost Asbestos-based Products may Take up Market Share of Fiber Cement

While most of the developed economies are shifting to fiber cement for its superior performance attributes as well as for its positive impacts on the environment, in some developing economies including Brazil and India, the demand for asbestos-based construction materials is significantly high. Owing to its low cost and worldwide availability, building & construction materials manufactured using asbestos are being preferred by end users in the construction sectors in developing economies,

Leading players in the fiber cement market will have to concentrate their efforts on improving the end users awareness about the health hazards as well as environmental impacts of asbestos-based construction materials in order to drive a shift towards safer and superior fiber cement, Furthermore, fiber cement is also losing share to less expensive alternatives to asbestos-free fiber cement, and this will trigger the wave of innovation across the fiber cement market to capture this market share in developing countries.

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Fiber Cement Market: Region-wise Analysis

Based on the geographical factors, the fiber cement market is broadly divided into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. Increasing growth of the construction industry in Asia Pacific will continue to play an important role in the growth of the fiber cement market in the regions. Especially in Southeast Asia, the residential sector is expected to gain momentum in the coming years. Governing bodies in the region are also creative favourable policy structure to boost the development of infrastructures in developing countries, which will further contribute to the growing demand for fiber cement in the flourishing construction industry across emerging Asian economies,

China and India are witnessing huge foreign investments across residential as well as non-residential sectors, and this will create new opportunities for stakeholders in the fiber cement market in both residential and commercial construction landscapes. In addition, customers in the region are realising the potential hazards of using asbestos cement as a building & construction material, and regulatory bodies are encouraging end users to resort to the more reliable and nature-friendly alternatives. This is driving a shift from traditional cement to fiber cement across the region.

Europe is also emerging as a profitable market for stakeholders in the global fiber cement market, as the construction sector across its leading economies – including Germany – is taking shape. Nearly 10% of Germany’s annual GDP is being spent on construction projects, and the residential construction spaces are in the boom across the country. Recently, The Federal Statistics Office announced it has issued permits for more than 72,000  new residential buildings and nearly 12,500 existing buildings. This is expected to boost the public-private partnerships in Germany’s construction sector, and ultimately, open doors of new lucrative opportunities for leading players in Europe’s fiber cement market, in the coming years.

Fiber Cement Market: Competitive Landscape

The global market for fiber cement is highly fragmented in nature, as the number of manufacturers and other stakeholders is rapidly growing in this landscape. The major players in the fiber cement market include

  • Dow Chemical Company
  • Hardie (James) Industries plc
  • Imerys SA
  • Elementia SA de CV
  • Building Materials Corporation of America
  • PPG Industries Incorporated
  • Akzo Nobel NV
  • Canfor Corporation
  • Ecolab Incorporated
  • Central Fiber LLC
  • Mercer International Incorporated
  • US Silica Holdings Incorporated

In August 2019, Everest Industries Limited – a leading stakeholder involved in trading and manufacturing of building and construction materials such as boards and panels, roofing products, and other building products and accessories – announced that it is expanding its production portfolio by incorporating international standards with fiber cement boards. The company also announced that it offers advanced dry construction products that combine materials such as steel, timber, and aluminum, which can also be used in interior as well as exterior applications.

In January 2020, Imerys S.A. – a French multinational company which specialises in the production and processing of industrial minerals – announced that it will be acquiring Hyderabad Industries Limited (HIL) – a group company of CK Birla Group that is involved in construction materials, industrial supplies and components, and machinery. The definitive agreement was signed between HIL and Imerys’ wholly-owned Indian subsidiary – Calderys India Refractories

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Fiber Cement Market: Segment Analysis

The ferrite market can be segmented on the basis of the following:

By Raw Materials

  • Silica
  • Portland Cement
  • Cellulosic Fiber
  • Others

By End User

  • Residential
  • Non-residential

By Application

  • Cladding
  • Siding
  • Backer Boards
  • Molding and Trimming
  • Roofing
  • Wall Partitions
  • Others

Chlorinated Isocyanurates Market Size, Growth Analysis Report, Forecast to 2025

Chlorinated Isocyanurates are chlorine derivatives of isocynauric acid. They are used as disinfecting, bleaching and sanitizing agents. Additionally, they can be used as fungicides, fungistats, bactericides and microbistats. They are used to a large extent as disinfectants in swimming pools and to a lesser extent in industrial water chilling systems and as domestic septic tank disinfectants. Chlorinated Isocyanurates are formed by chlorification of urea using cyanuric acid as substrate.

The growing disinfectants industry is the primary driver for the market of chlorinated Isocyanurates. It finds widespread use in swimming pool disinfection. The growing inclination of people towards swimming and the growing sports industry is a major driver for the market of chlorinated Isocyanurates market.

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DichloroIsocyanurate can be used for disinfecting surfaces used for poultry and silkworm rearing, which is another major driver for the market of chlorinated Isocyanurates. Disinfectants find use in industrial water chilling units in order to purify the water before industrial use. Chlorinated Isocyanurates can be used as a preliminary purification method in the semiconductor industry which employs double distilled water. The growth of semiconductor industry in Asia Pacific is a driver for the market of chlorinated Isocyanurates. However, chlorinated Isocyanurates are eye irritants. Their use in swimming pools for disinfection should be therefore judicious. Standards and calibrations for the use of chlorinated Isocyanurates in various applications are expected to open new areas of opportunity for the market of chlorinated Isocyanurates within the forecast period.

There are three types of commercially useful chlorinated Isocyanurates, which include – trichloroisocyanuric acid (TCCA) and sodium dichloroIsocyanurate (anhydrous and dihydrate) (SDCC). TCCA has limited solubility in water and is therefore used as controlled release sanitizer for swimming pool disinfection. SDCC has higher water solubility and finds use as stain remover and bleaching agent in dishwasher detergent formulations. SDCC is also used in shock treatments for swimming pools.

The U.S and Western Europe are the biggest markets for chlorinated Isocyanurates. China, Japan, Spain and Italy are the major producers of chlorinated Isocyanurates.

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The use of chlorinated Isocyanurates in China and Japan for swimming pool disinfection is negligible; hence majority of chlorinated Isocyanurates produced in China and Japan is exported to the U.S. In the past, there have been antidumping duties levied by U.S on Chinese and Spanish exporters; however, the exports of chlorinated Isocyanurates from China are witnessing an increase from 2011. The use of chlorinated Isocyanurates is highly seasonal, depending on weather conditions and pool construction, owing to which the global market of chlorinated Isocyanurates is expected to grow at a gradual rate. China exports high quality chlorinated Isocyanurates to U.S and Western Europe and low quality chlorinated Isocyanurates to Africa and other developing nations for drinking water disinfection. Japan uses chlorinated Isocyanurates as sanitizer for domestic septic tanks. The Chinese market for swimming pool disinfectants is not very large hence most of chlorinated Isocyanurates produced is exported.

There are very few manufacturers of chlorinated Isocyanurates globally with majority of them concentrated in China. The key players in this market include –3V Italia, China Salt Changzhou Chemical Co Ltd, HebeiJiheng Chemical Co Ltd, HezeHuayi Chemical Co Ltd,Liaocheng London Chemical Co Ltd, Nissan Chemical, Nippon Soda, Nankai,Nanning Chemical Industry Co Ltd, PuyangCleanway Chemical Ltd. Shandong JuanchengKangtai Chemical Co, Sino-Korea Anhui Suzhou SDF Chemical Industry Co, Shikoku and ZhuchengTaisheng Chemical Co Ltd among others.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

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Chlorinated Isocyanurates 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

Food Cans Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment; 2018 – 2028

Food Cans Market Overview

Food Cans Market: Overview

Food cans are leakage, tamper-proof and maintain the nutritional value of the product. Food cans are highly preferred by the consumers especially for dry and granular food products. Food cans are impeccable choice for the customers due to its high barrier properties. Food cans witness high demand every year, with millions of food cans manufactured worldwide. Food cans are available in variety of closure that provides consumer convenience for product handling. These property of food cans increase their preference among the consumers as well as manufacturers.

Food cans are the most effective packaging solutions that provide all the features needed during transportation and storage. Hot and cooked food is filled in the food cans, under the wide range of conditions. This ensures that food can be preserved for longer duration of time without the need of the preservatives. Food cans are best suited for preserving the food because it prevents the growth of microorganisms that cause food illnesses. Food cans manufacturers are focusing on the lightweight food cans due to inconvenience caused by consumers.

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Food Cans Market: Dynamics

The global food cans industry has witnessed significant growth over the last few decades with the products soaring to new heights each year. Preference of food cans is expected to grow over the forecast period, owing to recyclability.

Food cans serves the storage purposes for dry food products which include frozen food, beans, fruits and vegetables, pet food and others. Increase in the preference of canned food and increase in the disposable income is the primary factor driving the sales of the global food cans market. Being 100 % recyclable food cans are expected to be the ideal packaging choices for the manufacturers in the world which emphasizes sustainable packaging solutions. Increase in awareness among the consumers related to intake of healthy fruits and vegetables is contributing towards the growth of the global food cans market.

Despite the positive factors, there are certain factors which hinder the growth of the global food cans market. Pouches and plastic containers are the alternative solution which provides additional functionality, features and value which is expected to hinder the growth of the global food cans market. Fish & seafood segment is expected to be most attractive segment, during the forecast period. Overall, the global outlook of food cans is expected to remain positive, during the forecast period.

Food Cans Market: Regional Overview

The North America food cans consumption is expected to remain on the top in terms of value and volume during the forecast period. The United States (U.S.A) will remain the largest market of food cans while Canada is expected to register notable growth of food cans market during the forecast period.  The Asia Pacific excluding Japan (APEJ) is expected to closely follow the North America food cans market during the forecast period. Western Europe is expected to closely follow the APEJ region in terms of food cans market size during the forecast period. The Middle East & Africa (MEA) food cans market is expected to register sluggish growth during the forecast period.

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Food Cans Market: Key Players

Few of the leading players operating in the global food cans market are –

  • Ardagh Group
  • Wells Can Company
  • Kian Joo Group
  • CPMC Holdings
  • Kingcan Holdings Limited
  • CAN-PACK S.A
  • Tetra Laval International S.A.
  • Aaron Packaging, Inc.
  • Crown Holdings
  • Ball Corporation

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, macroeconomic 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.

Regional analysis includes –

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle east & Africa
  • Asia Pacific excluding Japan
  • Japan

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Food Cans Market: Segmentation

The global food cans market has been segmented as follows –

On the basis of material, the global food cans market has been segmented as:

  • Aluminum
  • Steel
  • Plastic
  • Others

On the basis of application the global food cans market has been segmented as:

  • Pet food
  • Convenience Food
  • Fish & Seafood
  • Fruits & Vegetables
  • Others

Report Highlights:

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

Intelligent Packaging Market to Grow 2.4X by 2031 as Demand for Fast, Flexible, and Next-Gen Packaging Increases Globally

According to the study conducted by Future Market Insights, the intelligent packaging market is expected to accelerate at a CAGR of 9.0% during 2021-2031.

Packaging has consistently improved in the last few years. Packaging technology has become smarter to  act as a catalyst for improving the shelf life of the packed products. Intelligent packaging is the amalgamation of technology and packaging that offer smarter and more convenient solutions.

Investments in intelligent packaging by food and beverage manufacturers have been aiding the overall expansion of the market. With the ongoing research on nanotechnology and machine learning, the intelligent packaging industry is expected to witness launch of ground-breaking packaging designs.

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As per FMI, the food and beverage sector, followed by the healthcare sector are listed as top-tier investors in intelligent packaging technology.

Intelligent Packaging Market- Key Takeaways

  • By technology, interactive packaging/ data carriers are expected to attract an investment opportunity of above US$ 13.3 Bn during the research period of 2021-2031 due to improved usage of QR code labels, RFID tracking and product identification barcodes among others.
  • By the level of packaging, primary packaging is expected to observe an incremental growth of 2.5x by 2031.
  • By application, blister packaging is expected to witness a YoY growth of 13.9% in 2021 due to improved usage in the pharmaceutical and healthcare industry.
  • By end-use, more than 1/3rd of the total intelligent packaging market is held by the food and beverage industry, however, the healthcare sector is expected to register a CAGR of 11% during the forecast period.
  • By region, South Asia is expected to attract intelligent packaging investors and the market is expected to account for nearly 13% of the total market share by 2031. However, Europe tops the leaderboard and is expected to showcase high demand for disruptive technologies in the intelligent packaging market.

“Intelligent packaging is headed towards providing seamless tracking and tracing, extending shelf life, monitoring and communicating product condition and interacting with the consumer through data-carrying wireless technology. The intelligent packaging market holds immense potential and investment opportunities. It will continue driving consumer engagement in the coming years,” says an FMI analyst.

Technological Advancements in Food and Beverage Packaging to Pave Way for Intelligent Packaging

Intelligent packaging was incorporated primarily for the food industry and it has seen continuous innovations in the sector since its advent. Freshness and temperature indicators to determine the product condition, QR codes and barcodes to share product information with the consumers, and moisture and oxygen scavengers to enhance the shelf life of the product were a few innovations that have changed the traditional food packaging.

The sector is expected to witness more dynamic changes and sustainable innovations due to intelligent packaging that will reshape the food packaging industry. Biosensors for pathogens and toxicity indicators are a few advances in intelligent packaging that are expected to thrive in the food and beverage packaging industry in this decade.

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Another development in intelligent packaging is to uncover if the food and beverage packed within is baked or microwaved products. Researchers are developing indicators that can determine the food quality and readiness to eat with forestalling elements like microwave doneness indicators (MDIs) and colour indicators.

Smart Packaging for Tracking and Tracing Packages

Intelligent packaging uses technologies such as barcodes, NFC and RFID tags to track products and ensure they are delivered in an appropriate condition. The advent of IT software like the internet of things, blockchain technology and cloud computing are bringing a revolution in intelligent packaging by providing statistical and quantitated information about the package.

The expansion of the intelligent packaging industry is expected to boost manufacturing company offerings with better packaging designs. Consumers are looking for smart, cost-effective, aesthetically pleasing and practical intelligent packaging that is sustainable. Manufacturers are continuously replacing traditional plastic packaging with technologically-equipped paper and bio-based packaging that provides more than just product storage.

Impact of COVID-19 on Intelligent Packaging Market

Unlike the majority of industries affected negatively by the outbreak of COVID-19 in 2020, the global pharmaceutical and healthcare sector observed high growth and silent innovations. With the increasing manufacturing of oxygen cylinders to transporting vaccines, intelligent packaging played a vital role in shaping the industry. Intelligent packaging ensured a better product reach and safety of consumers through technologically-embedded labels, tags and cold chain packaging sensors.

The pandemic could be held responsible for the penetration of intelligent packaging in the healthcare and pharmaceutical sectors. However, limited marketing and branding options also encouraged food and beverage manufacturers to smartly advertise their products via packaging. With instruction manual to social message during the pandemic, everything was conveyed through smart packaging to the customers.

Hence, COVID-19 couldn’t be termed exactly detrimental for the intelligent packaging industry. However, with manufacturers trying to attract customers after the pandemic, intelligent packaging is expected to play a major role in shaping the consumer packaging industry.

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Market Landscape

Amcor plc, Crown Holding Inc., 3M Company, CCL Industries Inc., Huhtamaki Global, DS Smith, Avery Dennison Corporation, Honeywell International Inc., Tetra Pak International S.A., Sealed Air Corporation, Stora Enso Oyj, WestRock Company, Ball Corporation and Mondi Plc, among others are some of the intelligent packaging manufacturers in the global market.

Timestrip UK Ltd., Varcode, Ltd., Temptime Corporation, DeltaTrak, Inc., EVIGENCE SENSORS, JRI Company, Vitsab International AB, LAXCEN TECHNOLOGY INC., APK-ID, STARNFC Technologies Ltd. are some of the technology manufacturers in the intelligent packaging market.

Intelligent Packaging Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global intelligent packaging market, analyzing historic demand from 2015-2020 and forecast analysis of 2021-2031. The study reveals growth projections on the intelligent packaging market based on technology (indicators [gas & integrity indicators, freshness indicators], sensors, interactive packaging/data carriers [quick-response (QR Codes), barcodes, radio frequency identification (RFIDs),

near field communications (NFCs) and bluetooth low energy (BLE)], active packaging [oxygen scavengers, ethylene absorbers, moisture scavengers and anti-microbial packaging]), level of packaging (primary packaging, secondary packaging and tertiary packaging), application (bottles and jars, blisters, trays & clamshells, cans, boxes & cartons, vials, ampoules, & prefilled syringes, bags & pouches, films & wraps, mailers, labels, tapes, & tags and others),

end use (food [meat, poultry, & seafood, fruits & vegetables, dairy products, bakery & confectionary, processed food, ready to eat food, and others], beverage, healthcare [medical devices, medical supplies, pharmaceuticals], cosmetics, logistics & transport, consumer electronics , consumer goods, personal care & homecare and others), across seven regions (North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East and Africa).

Barricade Tape Market is expected to reach US$ 1.67 Bn by 2031, Analysis By Future Market Insights

As per the latest survey by Future Market Insights, global sales of barricade tapes are anticipated to increase by 1.6x between 2021 and 2031. Rising awareness regarding workplace safety to avoid any type of industrial accidents and prevent common people from entering restricted areas will propel the sales of barricade tapes across the globe.

Rising concerns regarding the safety of all types of employees at the construction sites, manufacturing facilities, mines and various other hazardous places are attracting humanitarian organizations.

All those social and employee welfare organizations are mandating the use of barricade tape in companies, organizations and medium-sized workplaces where no standard safety protocols are being followed.

In addition to that, as a part of safety measures at places where the harmful and flammable goods are stored, those places require proper safety marking and labelling by barricade or security tapes.

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Different coloured barricading tapes are manufactured by key players for indication of different types of dangers or hazards. Also, different types of printed tapes are used to alert people to various types of hazards.

For instance- red/white coloured tape for fire prevention & protective equipment, yellow/black coloured tape for caution, and red coloured tape for serious hazards and dangers.

Availability of a large number of colours in barricade tapes containing different texts for various threats is expected to fuel the demand for barricade tapes. End-users are focusing on providing end-user industries with the best-suited barricade tapes, printed with colours and text, indicating the potential hazards in their respective industries.

Key Takeaways from Barricade Tapes Market

  • Barricade tapes with a thickness ranging from 6 to 8mm is expected to record growth at 5% CAGR between 2021 and 2031. Barricade tapes with medium thickness offer cost-effective, durable and lightweight soft barricading solutions for end-use industries across the globe.
  • Expansion of building & construction industry across the U.S. will offer a total incremental opportunity of US$ 140 Mn over the next decade.
  • Easy availability, flexibility and hassle-free production process makes plastic as most preferred material by barricade tapes manufacturers across the regions. Plastic barricade tape is expected to account for 60% share in 2021.
  • Sales of barricade tapes used in industrial end users are anticipated to exhibit growth at 5% CAGR between 2021 and 2031, on the back of favourable stringent regulation for safety of employees and labor.
  • Germany is expected to be the largest market for barricade tapes in Europe accounting for almost 20% market share in 2021.

“Upgradation of workplace safety laws, along with the expansion of end-use industries such as automotive, construction, mining, and manufacturing will result in increased demand for barricade tapes across the globe. Moreover, producers of barricade tapes are developing sustainable tapes to woo environmentally conscious consumers across the globe,” says FMI analyst.

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Increasing Popularity of Custom-built Barricade Tapes Showcases Intrinsic Growth Potential

In the modern-day, customized products and services are witnessing exponential growth, as people are more attracted towards a product or solution specifically designed to fulfil their needs. Customized products are more in demand as these products are tailor-made as a solution to existing problems faced by end-user industries.

Major manufacturers operating in the global barricade tapes market are eyeing various differentiation strategies to gain competitive edge and maintain dominance in the market. To offer unique versions of barricade tapes, these companies are offering a variety of customized options to end-user industries, in which clients choose the design, material, color and text written on the barricade tapes as per their needs.

Custom-built barricade tapes are expected to create a huge uproar in demand for barricade tapes across all regions and offering lucrative opportunities to the market players.

Barricade Tapes Market Landscape

Some of the key players dominating the global barricade tapes market are 3M Company, Shurtape Technologies, LLC, Brady Corporation, Scapa Group PLC, Tesa SE, Surface Shields, Inc., Advance Tapes International Ltd., Vibac Group S.p.a., Mutual Industries, Inc., Custom Tape Ltd, Intertape Polymer Group Inc., Yuyao Laisifu Houseware Co., LTD, Nitto Denko Corporation, Ningbo Teagol Adhesive Industry Co., LTD and MAS Corporation.

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Barricade Tapes Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the barricade tapes market, analysing historical demand from 2015-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the barricade tapes market based on thickness (up to 2mm, 2 to 4mm, 4 to 6mm, 6 to 8mm, 8mm & above), material type (Plastic (polyethylene, polypropylene, polyethylene terephthalate, polyvinyl chloride), paper, aluminum foil, cotton fabric), end use (industrial (building & construction, automotive, mining, agriculture & irrigation, general industrial, aerospace), non-industrial (traffic signs, crime scenes, defence, restricted areas)) across seven regions.

Drink Cans Market will Register Sales Grow at 8.5% CAGR as Demand for Sustainable Packaging Solutions Burgeons: FMI

In a recent market analysis, Future Market Insights (FMI) has forecast the global drink cans market to expand at a robust 8.5% CAGR, reaching a valuation of approximately US$ 50 Bn in 2021.

Increasing production output from the food and beverage industry is expected to spur demand for drink cans. The global beverage market has witnessed exponential growth over the last few decades and is expected to grow consistently during the forecast period.

In addition to the mature markets of North America and Europe, markets in Asia-Pacific, Latin America and the Middle East and Africa are growing rapidly in terms of market volume and quality.

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Moreover, growing demand for drink cans for packaging non-alcoholic and alcoholic beverages is expected to propel sales of drink cans in the forthcoming years. Increasing expenses on food consumption in emerging markets is also anticipated to boost growth of the food & beverage industry. This is likely to create a positive impact on demand for drink cans across the globe.

Further, shifting consumer preference towards sustainable and eco-friendly packaging has led to a spike in demand for packaging solutions that can be recycled. One of the most recycled packaging format is drink cans. Recycling doesn’t degrade the quality of metal as drink cans made from aluminum/ steel are completely recyclable, which makes this process profitable to manufacturers.

Moreover, in comparison to other conventional packaging formats, drink cans do not pose threat to the environment, as most of it gets recycled. During the process of recycling drink cans produce negligent amount of carbon footprint, adhering to the environment policies.

Factors such as recyclability, client specific customization, and increasing demand for small quantity beverage containers is anticipated to continue fueling sales of drink cans through 2031.

“Increasing emphasis on light weight and environment-friendly packaging solutions, along with the introduction of 3D printing technology for can manufacturing is expected to augment growth of the global drink cans market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • By capacity type, the 201 – 450 ml segment is anticipated to account almost 30% market share by the end of forecast period.
  • In terms of product type, the 2 – piece cans segment is anticipated to expand by 2.3x over the forecast period.
  • In the end-use industry segment, the non-alcoholic beverages segment is expected to account for 61% of the total market share by 2031.
  • The U.S. is projected to account for 72.5% of the North America drink cans market in 2031.
  • China will emerge as a lucrative market, holding 42% of the drink cans market in East Asia region.
  • India is forecast to account for nearly 31% of the South Asia drink cans market by 2031.
  • Sales of drink cans in Japan are anticipated to grow at a 9.6% CAGR through 2031.

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Competitive Landscape

Novelis Inc., Ball Corp., Crown Holdings Inc., Silgan Holdings Inc. are top players operating in the drink cans market. Furthermore, SHOWA DENKO K.K., Toyo Seikan Group Holdings Ltd., CPMC Holdings Inc., and CAN Pack S.A. are also noticeable players in the drink cans market. The 3-tier players in the market hold 50-60% of the global drink cans market. Key players are expected to account for almost 30-40% of the global drink cans market share over the forecast period.

Leading players operating in the global drink cans market are investing in strategic collaborations and acquisitions to expand their product portfolios and global footprint. For instance:

  • In 2021, Novelis Inc. completed the construction of US$ 150 Mn aluminum rolling and recycling operation in Brazil. Moreover, the company acquired Aleris in 2020 to enhance the strategic position in Asia.
  • In 2020, Crown Holdings Inc. has been recognized by Berlin Packaging as “Supplier of the Year 2019”. Crown Inc. also established manufacturing plant in Nicholas, New York to support demand for specialty cans.

More Insights into the Drink Cans Market Report

In its latest report, FMI offers an unbiased analysis of the global drink cans market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of capacity (upto 200 ml, 201 – 450 ml, 451 – 700 ml, 701 – 1000 ml, above 1000 ml), product type (1 – piece, 2 – piece, 3 – piece ), and end-use (alcoholic and non-alcoholic) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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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

The Surgical Stapling Devices Market is likely to grow at a CAGR of 7.6% through 2026, reaching US$ 4.1 Billion

With deployment of advanced technologies, medical practitioners will keep adopting specialised devices that facilitate specific surgical operations in medical procedures. Rising number of invasive surgeries has necessitated the need for improved devices for wound management. And, surgical staples have effectively replaced sutures for closing wounds during such procedures.

Future Market Insights recently published its report on the global market for surgical stapling devices, the highlights from which indicate that rising number of laparoscopic surgeries performed across the globe have triggered the use of surgical stapling devices.

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According to Future Market Insights, the global demand for surgical stapling devices is propelling along with the world’s rising geriatric population. Lesser time consumed by surgical stapling devices for closing wounds, and the accuracy & precision of these devices is favouring their adoption for treating wounds of aged patients. In 2016, close to US$ 2,000 Mn worth of surgical stapling devices were sold in the world. The report projects that these revenues will be doubled by the end of 2026, projecting that the global surgical stapling devices market will soar steadily at 7.6% CAGR.

In the report, titled “Surgical Stapling Devices Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” North America has been identified as the largest market for surgical stapling devices. By the end of forecast period, more than US$ 1,000 Mn revenues will be solely attributed by North America’s surgical stapling devices market.

Advanced healthcare infrastructure in Western Europe has facilitated the region’s surgical stapling devices market, which will register a value CAGR of 7.9% through 2026. Although, fastest consumption of surgical stapling devices will be witnessed in the Asia-Pacific excluding Japan (APEJ) region. The APEJ surgical stapling devices market is expected to soar at the highest CAGR of 8.6%.

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Leading Manufacturers of Surgical Stapling Devices: Medtronic plc, Grena Ltd., Purple Surgical Holdings Limited, Dextera Surgical Inc., Johnson & Johnson Services, Inc., 3M Company, and Meril Life Sciences Pvt. Ltd.

The report reveals that hospitals will remain the largest end-users of surgical stapling devices in the world – accounting for more than 60% of global revenues. Meanwhile, the demand for surgical stapling devices will also gain traction in ambulatory surgical centres. Key findings in the report indicate that powered surgical stapling devices worth US$ 1,182 Mn were sold globally in 2016, while the demand for manual surgical stapling products is anticipated to incur a downtrend in the years to come.

Throughout the forecast period, six out of ten surgical stapling devices sold in the world are likely to be disposable, while revenues from reusable surgical stapling products will be growing at a sluggish rate. Preference to curved surgical stapling is also on a rise, revenues from which are expected to soar impressively at 9% CAGR.

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Dermatological surgeries will undoubtedly require greater number of surgical stapling devices. The report estimates that in 2016, nearly US$ 600 million revenues were amassed from the sales of surgical stapling devices in treatment of skin-related surgical wounds. The use of advanced surgical stapling devices is also expected to gain momentum for closing dissected or ruptured blood vessels during surgeries. Wounds situated in the patient’s digestive tract are also being treated by surgical stapling, and by the end of 2026, around US$ 665 million worth of devices will be consumed for such treatments.

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

About the Healthcare Division at Future Market Insights

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

Increasing Cases of Obesity Offering Pectin Market a Fair Chance of Growth: FMI

According to a new study by FMI, the pectin market value is estimated at ~US$ 921 Mn in 2021. The growth in demand for pectin among consumers is primarily driven by its fat- & cholesterol-free nature and its application as a fat substitute in the bakery industry. The bakery industry is one of the industries that cover a wide variety of food products and attract consumers from all age groups.

In recent years, growing health concerns among consumers has compelled bakery industry operators to offer fat-free products, thereby potentially raising the demand for pectin. Moreover, the vegan nature of pectin is likely to work to advantage of the bakery industry amid the rise of vegan culture across the globe and notable increase in number of population preferring vegetarian diet.

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“Pectin, a plant-based product, has been garnering significant traction as a viable ingredient in the F&B industry, owing to its natural and vegan nature. In addition to special property of binding with the intestinal wall and protecting it from opportunistic microbial invasion during stress, pectin offers a number of health benefits. Moreover, it is one of the most easily available and cost-efficient products, making it ideal for multiple applications in food, beverages, and nutraceutical industries.”

The pectin market is mainly segmented on the basis of product, application and region:

Based on product, the pectin market is segmented as high methoxyl pectin, and low methoxly pectin. Low methoxly pectin remains the most preferred product, as it requires low sugar to form gels, unlike high methoxly pectin that requires high sugar levels. Although high methoxly pectin holds relatively low share in the market, it is expected to increase by 3-4% over the forecast period.

Noteworthy application of pectin includes various products such as jams & jellies, beverages, bakery filling & toppings, dairy products & frozen desserts, confectioneries, meat & poultry products, dietary supplements, functional foods, pharmaceuticals, personal care & cosmetics, and others. Among these, owing to wide applications in the bakery industry, consumption for bakery & toppings as well as jams & jellies is likely to account for relatively high sales.

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Pectin as a Solution to Various Complex Health Problems

Pectin is a solution to various health issues that were previously unable to cure. For example, niacin is an organic chemical taken by various consumers to supplement their diet with vitamin B3 and various important nutrients. But, it is also known to cause skin flushing in the face and upper body parts, which previously was treated as an allergy.

However, after deep research, it turns out that pectin helps in curing skin flushing caused by niacin, and skin flushing is not an allergy but a side effect of consuming more niacin. Similarly, pectin is known to treat ulcerated mouth and throat by simply applying it in the affected areas. Moreover, the replacement of chemicals with plant-based products in pharmaceuticals will continue to favor the growth of the pectin market.

Environment-friendly Attributes Accounting for Greater Gains

With global warming and its disastrous consequences being constantly in the news, and plastics and other non-biodegradable products being banned by governments, humans are on the lookout for sustainable alternatives. Using pectin to make paper and plastic substitute is the most important and major step that manufacturers have taken towards protecting the earth.

Pectin, owing to its gelling property, can make proper paper plates and its plant-derived nature makes it safe for the environment as well. Innovations using pectin can also be seen in its usage to make foams and plasticizers. As pectin is considered safe, it is most commonly used to make edible films so that there is no need to remove the covering and food can be consumed directly.

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The pectin market study done by FMI offers deep insights to the reader about the market’s today and forecasted growth. According to FMI, the pectin market is projected to grow with a CAGR of ~7.8% during 2022-2032.For in-depth information on Pectin Market, write in to the analyst at press@futuremarketinsights.com

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.

India – World’s 3rd Largest Market for Alcoholic Beverages – to Consume 14 Bn Ltrs. of Alcohol by 2026-end

The number of alcohol consumers in India continues to rise on the account of rising urban population. Consuming alcoholic beverages has become a customary tradition for a majority of people residing in India’s urban cities. Changing lifestyles and increasing incomes are compelling them to consume alcohol on a frequent basis. Future Market Insights recently published its study on India’s alcohol market, which estimated that more than INR 2.5 trillion worth of alcohol was consumed in 2016. The study further projected that consumption of alcohol in India is less likely to decline in the years to come. By the end of 2026, more than 14 billion litres of alcohol will be sold across India.

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According to the report, revenues amassed from sales of alcohol in India will soar vigorously at 7.4% CAGR, and reach INR 5.1 trillion value by the end of 2026. In terms of volume, India’s alcohol consumption in 2016 has been estimated to have surpassed 8 billion litres and will grow at 5.5% CAGR in the due course of forecast period. An in-depth analysis on India’s alcohol distribution indicated that just above three-fourth of alcohol consumed in the country is government controlled. In 2016, alcohol distributed in India through open market sales made revenues worth over INR 400 billion. Meanwhile, about 550 million litres of alcohol was auctioned in India by the end of 2016.

India’s Alcohol Market: Report Highlights

  • Nearly two-third of India’s alcohol revenues will be accounted by sales of Indian-made foreign liquor (IMFL)
  • In 2016, more than 1,800 million litres of strong beer was consumed in India
  • By the end of 2026, white wine sales in India will have brought in an estimated INR 16.8 billion in revenues
  • Revenues amassed from sale of country liquor in India will have soared at 5.5% CAGR
  • Whisky will be the most-preferred type of alcohol in India, while sales of white spirits will grow at more than 11% CAGR

Key findings of the report, titled “Alcohol Market: India Industry Analysis and Opportunity Assessment, 2016-2026,” projected that Southern and Western states of India will continue to contribute to more than 80% of alcohol revenues through 2026. Bangalore’s SAB Miller India Ltd. and United Spirits Ltd., and Mumbai-based Tilaknagar Industries Ltd. and Allied Blenders & Distillers Pvt. Ltd. are key players partaking in the growth of India’s alcohol market.

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Meanwhile, the consumption of alcohol will witness a considerable dip in India’s northern and eastern zone. Even still, a majority of alcohol manufacturers & suppliers in India are originating from New Delhi. Companies such as Carlsberg India Pvt. Ltd., SOM Distilleries & Breweries Group, Radico Khaitan Limited, Globus Spirits, and Jagatjit Industries Ltd. are based in and around the country’s capital. Shimla’s Mohan Meakin Ltd. and Daman’s Khemani Group are also recognised as some of the leading alcohol manufacturer in India.

Over 90% of Indian Alcoholics are Men

Among every ten alcohol consumers in India, nine of them will most probably be men; leaving a slight chance that the tenth one is a woman. With more than 90% stake in India’s alcohol revenues, the country’s men will be offering over INR 4.7 trillion for consuming alcohol by the end of 2026. Likewise, Indian women are also likely to increase their contribution to the Indian alcohol market. During the forecast period, revenues accounted by sales of alcohol to Indian women will have soared at the fastest pace, registering a stellar CAGR of 8.6%.

Consumption of alcohol containing molasses as key ingredients will remain higher in India. Grains will also serve to be a preferred raw ingredient used for producing alcohol in India.  Although, production of alcohol through agricultural produce such as fruits & vegetable will remain negligent till the end of 2026. The report also anticipates that consumers will be more inclined towards buying Indian-made liquor – regardless of it being a foreign or Indian brand. Consumption of foreign liquor bottled in India is also likely to grow, but showcasing a marginal degree of increment.

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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.