North America PET Blow Moulder Market Expected to Witness High Growth by 2026

Booming food & beverage industry in the US and Canada demands higher production of plastic containers. Over time, a vast variety of carbonated and non-carbonated drinks have been developed across North America, some of which went on to span the globe. Manufacturers of these drinks and food products continue to seek customized bottles for packaging as their unique designs provided the needed brand identity for products. PET blow molders, thus, have become a key industrial equipment in North America.

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Future Market Insights recently published its report on the PET blow molder market in North America, excerpts from which project the market to reach US$ 57.3 Mn value by the end of 2026. Although, key findings from the report project that during the forecast period, 2016-2026, the North American PET blow molder market will expand at a moderate pace. The market is presently valued at an estimated US$ 37.5 Mn, and is anticipated to register a moderate CAGR of 4.3%. In terms of volume as well, the market recorded sales of close to 400 PET blow molders in 2016. In the due course of forecast period, around 574 PET blow molders will be sold in North America, exhibiting a sluggish growth at 3.8% CAGR.

Factors Restraining the Demand for PET Blow Molders in North America

The report, titled “PET Blow Molder Market: North America Industry Analysis and Opportunity Assessment, 2016-2026,” has compiled multiple factors impacting the growth in demand for PET blow molders in North America. Higher preference to PET bottles by manufacturers of packaged drinking water is expected to drive the demand for PET blow molders in the region. But, the key restraints for North America’s PET blow molder market include:

  • Is it Economical? Blowing machines are majorly utilized by big manufacturers who require large scale output, but this creates a barrier for the other rural industries. If these machines are forced to give an output of a smaller volume, then the manufacturers aren’t able to fetch much profits. This is because PET blow molders consume the same amount of energy regardless of output volume.
  • Poor Stretch Ratios – These customized bottles have acute stretch ratios, due to which they can bend or even break upon dropping. The bottles should also be able to achieve standard measures set bearing certain force at lower temperatures.
  • Saving Resins Hampers the Bottle Quality – Bottle manufacturers have started to use lesser raw material amount in the manufacturing process. Such bottles tend to collapse at their weakest points, as at those points, the material gets too thin to bear any force. And, these bottles will not be able to bear the load administrated to them during their quality checking process.

Companies such as PET All Manufacturing Inc., R& B Plastics Machinery, LLC, Amsler Equipment, Inc., SIPA North America Inc., Nissei ASB Company, Milacron Holdings Corporation, Sidel, Jomar Corporation, Custom-Pak Inc., and Tech-Long Inc. are leading manufacturers of PET blow molders, based across the US and Canada. The PET blow molder market in North America is split into these two countries, where US is projected to remain the dominant country by procuring over 70% of gross revenues throughout the forecast period.

Market segmentation

By Technology

  • Extrusion Blow Moulding Machine
  • Injection Blow Moulding Machine
  • Stretch Blow Moulding machine

By End Use

  • Food & Beverages
  • Pharmaceuticals
  • Personal Care
  • Others

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On the basis of molding technologies, in 2016, injection blow molding technology accounted for revenues worth nearly US$ 17 Mn. This technology will continue to dominate the market revenues in the years to come. Demand for automatic PET blow molders will also gain traction, exhibiting a market revenue share of whopping 93.6% by 2026-end. The report also reveals that pharmaceuticals and personal care application of PET blow molders will showcase revenue growth above 4.3% CAGR, while food & beverages continue to be largest application of PET blow molders in North America.

 

About us :

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

 

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

Polyester Straps Market to Witness Stunning Growth by 2027

A new report published by Future Market Insights titled “Polyester Straps Market: Global Industry Analysis (2012 – 2021) and Opportunity Assessment (2022 – 2027)” studies the performance of the global polyester straps market over a ten year assessment period from 2022 to 2027. The report presents the value and volume forecast of the global polyester straps market and provides key insights into the factors driving market growth as well as the factors restricting market growth. The estimates point to a revenue growth from about US$ 973 Mn in 2022 to nearly US$ 1389 Mn by 2027 end, resulting in a CAGR of 7.4% over the forecast period. In terms of volume, the global Polyester Straps market is pegged at 564.3 ‘000 tonnes in 2022 and is expected to register a CAGR of 6.6% during the forecast period, to reach 1,073.8 ‘000 tonnes by the end of 2027.

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Global Polyester Straps Market: Segmentation and Forecast

The report segments the global polyester straps market on the basis of packing grade, width, break strength, thickness, application and on the basis of end use industry.

  • The machine grade segment is estimated to be valued at US$ 290 Mn in the year 2022 and is slated to reach a value of US$ 576.4 Mn in the year 2027, exhibiting a CAGR of 7.1% during the period of assessment.
  • The 5-15 mm width type segment is estimated to be valued at US$ 3 Mn in the year 2022 and is poised to reach a value of US$ 442.2 Mn in the year 2027, displaying a CAGR of 6.9% during the forecast period.
  • The 300-500 kg break strength type segment is estimated to be valued at US$ 175.6 Mn in the year 2022 and is slated to reach a value of US$ 365.1 Mn in the year 2027, exhibiting a CAGR of 7.6% during the assessment period.
  • The less than 0.50 mm thickness type segment is estimated to be valued at US$ 97.8 Mn in the year 2022 and is poised to reach a value of US$ 186.6 Mn in the year 2027, displaying a CAGR of 6.7% during the forecast period.
  • The heavy duty bailing and others application type segment is estimated to be valued at US$ 73.4 Mn in the year 2022 and is slated to reach a value of US$ 140.8 Mn in the year 2027, exhibiting a CAGR of 6.7% during the period of assessment.
  • The paper and allied products end use industry segment is estimated to be valued at US$ 98 Mn in the year 2022 and is poised to reach a value of US$ 179.3 Mn in the year 2027, exhibiting a CAGR of 6.2% during the forecast period.

    Global Polyester Straps Market By Category

    By Thickness:

    • Below 0.5mm
    • 0.5mm-0.75mm
    • 0.76mm-1mm
    • Above 1mm

    By Packing Grade:

    • Hand Grade Polyester Straps
    • Machine Grade Polyester Straps

    By Width:

    • 5mm-15mm
    • 16mm-25mm
    • 26mm-35mm
    • Above 35mm

    By Breaking Strength:

    • Up to 220kg
    • 221kg to 300kg
    • 301kg to 500kg
    • 501kg to 1,000kg
    • Above 1,000kg

Global Polyester Straps Market: Regional Forecast

Future Market Insights tracks the performance of the global polyester straps market across the key geographies of North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa. As per the forecast of Future Market Insights, North America polyester straps market is estimated to be valued at US$ 158.3 Mn in the year 2022 and is slated to touch a value of US$ 323.9 Mn in the year 2027, reflecting a CAGR of 7.4% during the assessment period. The Western Europe polyester straps market is estimated to be valued at US$ 119.8 Mn in the year 2022 and is slated to touch a value of US$ 237.8 Mn in the year 2027, exhibiting a CAGR of 7.1% during the assessment period.

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Global Polyester Straps Market: Vendor Insights

The report has included some of the key players operating in the global laundry care market such as Teufelberger Holding Ag, Samuel Strapping Systems, FROMM Packaging Systems Inc., Mosca GmbH, Industrial Yarns Pty Ltd., Linder GmbH, The Plastic Strapping Company Ltd., Northshore Strapping Company, Plastic Extruders Ltd., National Webbing Products and others. Launching of bio-gradable Polyester Straps is a key focus area for key players in this market both at international as well as regional level. Manufacturers are preferring recycled raw materials for manufacturing Polyester Straps.

 

About us :

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

 

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

Disposable Cups Market to Garner Brimming Revenues by 2031

Today’s lifestyle has become expeditious and consumers are always on the go. As a cost-effective and convenient options disposable cups come handy as they take a sip into their favorite beverages while running for daily errands.

Future Market Insights (FMI) sees this as an attractive prospect for the sales of disposable cups. Consumer preference for eating out had the demand for on-the-go or take-away beverages exploding. Driven by this, the overall disposable cups sales are expected to total US$ 10.6 Bn in 2021.

Exponential growth of online food ordering also will create opportunities for sales of disposable cups. Foodservice providers prefer disposable cup because they are tamper-proof and keep beverages safe from contamination during transportation. Plastic disposable takeaway cups are economical, solid, and insulation can extend both the hot and cold liquids delivery time.

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Additionally, disposable cups with lids and straw slots are easier for quick delivery without the fear of leakage and pouring. Disposable cups do not require much storage space and are extremely easy to carry during transportation and serving.

Food service providers choose paper or disposable plastic cups over glass because they are unbreakable, time-saving, and easy to clean. Therefore, many fast food joints, cafeterias, and food malls opt for disposable cups as a reliable, safe, and convenient packaging solution to offer quickest delivery to the customers.

Key Takeaways from Disposable Cups Market

  • The less than 250 ml disposable cups are smaller in size and are easily disposable, biodegradable, and recyclable. These cups will hold a market share of 51.1% by 2031.
  • Paper is the most preferred material type and will account for 48.6% of market share by 2031.
  • The beverages segment of disposable cups is projected to be the fastest-growing application segment, accounting for a share of 71.7% during the forecast period due to the rising demand for ready-to-drink beverages.
  • Among end users, the food retail sector will account for a share of 60.7% in the market by 2031.
  • Across the globe, Asia Pacific has emerged as the fast-growing market. It is estimated to showcase a CAGR of over 6-7% through the forecast period.

 “With the rising preference for dining out, the popularity of on-the-go beverages and growing awareness about eco-friendly packaging solutions will fuel the demand for disposable cups. Also the expansion of foodservice chains, hypermarkets, and quick-service restaurants will boost sales opportunities in the disposable cups market,” says FMI analyst.

Demand for Innovation and Sustainable Packaging to Drive Sales

Innovation is crucial as it helps companies make deeper inroads in the market, creating better opportunities for customers.

For instance,

  • On 4th December 2020, the Acre launched ButterflyCup, the world’s most environmentally friendly disposable cup. The ButterflyCup contains no plastic laminates, and it is designed as an all-in-one eliminating the need for a plastic lid. The printing on these cups is done with plant-based ink, and it can be recycled along with the cardboard in recycle bin or composted at home as ordinary paper. Hence, the ButterflyCup has been designed as a sustainable solution to the plastic waste crisis.

Therefore, innovation and sustainability will enhance the disposable cups market.

Plastic Ban across Regions Creating Growth Opportunities

Single-use plastic consumes valuable natural resources for production, pollutes the environment, and harms wildlife and flora and, fauna. Many countries have banned single-use plastics due to the enormous plastic litter in the landfills and sea.

According to Oceana Organization, around 15 million metric tons of plastic waste is thrown into the ocean every year, which generates about two trucks of plastic garbage entering the ocean every minute. The U.S. creates a significant plastic waste than any other country. As plastic production is growing at a rapid rate, there can be devastating consequences.

The items made from expanded polystyrene are no longer sold and banned in Europe. The new law called Single-use-Plastics (SUP) aims to prevent and reduce the impact of plastic products on the aquatic environment and human health. The directive is transposed into national law and applied from 3rd July 2021; any country that does not follow these obligations will be fined. Many countries are restricting single-use plastics; thus, hampering the growth of the disposable cups market.

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Impact of COVID-19 on Disposable Cups Market

The disposable cups are the safest, secure, and hygienic packaging favoured during the pandemic. The COVID-19 outbreak has affected people drastically. To prevent and control the virus spread hospitals, quarantine centres, and shelter homes have utilized one-time use disposable cups for serving food and beverages to the patients and caretakers.

Disposable cups are quickly discarded, recycled; hence the chances of virus spread can be avoided. Furthermore, disposable cups are also used by foodservice providers as the most economical, easy to carry, and dispose of option, which also caters to concerns pertaining to the health and wellness among consumers.

Disposable Cups Market Landscape

Pactiv LLC., Georgia-Pacific LLC, Huhtamäki Oyj, Dart Container Corporation, Berry Global Group, Inc., and among others are the prominent players in the global disposable cups market. The Tier 1 players in the market hold 15-20% in the global disposable cups market.

Disposable Cups Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global disposable cups market, analyzing historical demand from 2014-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the disposable cups market on the basis of material type (paper, plastic, and foam), capacity (less than 250ml, 250 to 750 ml, and above 750 ml), application (food (spreads, sausages & dressings, confectionary, dairy (ice cream, yogurt, drinks)), and beverage (hot, and cold)), and end user (food service, and food retail)) across seven regions of the globe.

 

About us :

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

 

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

Ready-to-Eat Food Market is projected to Record a CAGR of 7.2% During the Forecast Period 2022-2026

Future Market Insights delivers key insights on the global ready-to-eat food products market in a new publication titled, “Ready-to-eat Food Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”. In terms of value, the global ready-to-eat food products market is projected to register a healthy CAGR of 7.2% during the forecast period (2016–2026). In the report, Future Market Insights analyses the global ready-to-eat food products market performance and gives information on the key factors and trends impacting the market.

Analysts at Future Market Insights predict that a rise in the number of working women, a growing millennial population, and on-the-go consumption habits are factors likely to boost the growth of the global ready-to-eat food products market during the forecast period. “A large number of innovations in packaging technology such as introduction of advanced microwave technology have shifted the focus towards consumption of packaged foods in developed countries such as the U.S., Germany, and Russia; and this in turn has led to a significant increase in the demand for ready-to-eat food products globally.”Analyst, Future Market Insights.

However, unhealthy substitutes and low quality and taste coupled with an increasing shift towards a healthier lifestyle is likely to hinder market growth in the coming years.

Segmentation highlights

The global ready-to-eat food products market is segmented on the basis of Product Type (Meat/Poultry, Cereal Based, Vegetable Based, Others), Packaging (Canned, Frozen or Chilled, Retort, Others), and Distribution Channel (Hypermarket/Supermarket, Convenience/Departmental Store, Specialty Store, Online Store, Others).

  • The Meat/Poultry product type segment is estimated to be valued at US$ 44.54 Bn in 2016, and is likely to expand at a CAGR of 7.7% over the forecast period. This segment is expected to dominate the market in terms of value from 2016 to 2026
  • The Frozen or Chilled packaging segment is estimated to account for 40.0% value share by the end of 2016. This segment is expected to account for a major market share in terms of value over the forecast period
  • The Hypermarket/Supermarket distribution channel segment is estimated to be valued at US$ 38.66 Bn by the end of 2016, which is expected to expand at a CAGR of 5.7% over the forecast period to be valued at US$ 67.08 Bn by the end of 2026. Sales of ready-to-eat food products through the Hypermarket/Supermarket channel are expected to support segment growth over the forecast period

Regional projections

The global ready-to-eat food products market is segmented into seven key regions – North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. Asia Pacific excluding Japan (APEJ), Eastern Europe, and North America are expected to register high growth rates between 2016 and 2026. The ready-to-eat food products market in North America is expected to register significant value over the forecast period owing to increasing per capita consumption of ready-to-eat food in this region.

By the end of 2016, the North America market is estimated to be valued at US$ 39.02 Bn, which is expected to expand at a CAGR of 7.3% over the forecast period to be valued at US$ 78.73 Bn by the end of 2026. The Asia Pacific market is estimated to be valued at US$ 17.73 Bn by the end of 2016, which is expected to expand at a CAGR of 8.4% over the forecast period to be valued at US$ 39.78 Bn by the end of 2026.

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Vendor insights

The report profiles the leading companies operating in the global ready-to-eat food products market. The companies profiled in the report are Nomad Foods Ltd., Bakkavor Foods Ltd., General Mills Inc., McCain Foods, Premier Foods Group Ltd., 2 Sisters Food Group, Greencore Group Plc., Orkla ASA, ConAgra Foods, Inc., and ITC Limited.

Market segmentationBy Product Type

  • Meat/Poultry
  • Cereal Based
  • Vegetable Based
  • Others

By Packaging

  • Canned
  • Frozen or Chilled
  • Retort
  • Others

By Distribution Channel

  • Hypermarket/Supermarket
  •  Convenience/Departmental Store
  • Specialty Store
  • Online Store
  •  Others

 By Region

  •  North America
  • Latin America
  •  Western Europe
  •  Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Middle East & Africa (MEA)
  • Japan

Smart Water Bottle Market is projected to Record a CAGR of 11% During the Forecast Period 2021-2031

According to a recent report by Future Market Insights (FMI), smart water bottle market is expected to expand at a CAGR of approximately ~11% through 2031.

Rise in per capita IT spending and growing concern towards health have brought a considerable shift in among people’s attitude towards smart water bottle. The smart water bottle market will continue expanding as people understand the importance of staying hydrated. Some of the leading smart bottle manufacturers are developing different types of advanced water bottles as per consumer preference.

A majority of smart water bottles have software that allows them to link to a smartphone app. A phone app can generally track how much water a person has consumed at a basic level. The ability to observe daily progress and how much more a person needs to drink to meet their daily water consumption target is utilized as motivation to keep drinking.

Furthermore, certain smart bottles have the capacity to connect with fitness applications and trackers such as FitBit, Amazon Echo, Apple Watch, and others. Most applications and gadgets currently allow users to keep track of their water intake. For many, however, having the opportunity to extract more advanced data from the smart water bottle and link it with a fitness app or tracker is a terrific alternative. It gives a more precise picture of daily water consumption. This functionality may be especially significant for younger generations who participate in sports, attend to the gym, run, and other physical activities.

For example, the Thermos linked hydration bottle with smart top is compatible with Apple products and comes with a smartphone app that contains an activity monitor and hydration goal settings. This gadget is also compatible with Fitbit accounts, allowing you to track something other than general fitness. The Smart Lid can track and measure beverage consumption while also providing real-time temperature readings of the contents of the bottle. Bluetooth communication with a 75-foot range is also included.

2021-2031 Smart Water Bottle Market Outlook in Comparison to Sales Registered in 2016-2020Smart water bottles are gaining popularity over the years due to the fact that they can establish wireless connection with other smart electronic devices, such as smart watch or a smartphone and thus, can easily share data regarding water consumption and alert the user via a sound or display. FMI has forecast the smart water bottle market to rise at a ~11% CAGR between 2021 and 2031.

Enhanced customer experience and increasing disposable income are encouraging the acceptance for smart water bottles among the health conscious people. Furthermore, advancement in sensor technology, advance product offerings from supplier, and rising GDP per capita are driving the smart bottle market globally.

Growing scarcity of water globally has led to rise in awareness regarding quality of. Coupled with this, increasing attention towards health and wellness has created a conducive environment for the expansion of the market.

global smart water bottle market

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Key Takeaways From The Smart Water Bottle Market Study

  • Based on type, smart water bottles manufactured using polymers will be in high demand
  • In terms of price range, sales in the US$40-US$60 segment is expected to grow at a rapid pace.
  • In terms of sales channel, consumers will continue preferring indirect channels such as hypermarkets/ supermarkets  , multi-brand stores, and others.
  • The U.S. will continue pushing sales of smart water bottles in North America.
  • China will emerge as a hub of smart bottle production within East Asia.

Impact Of COVID-19 On The MarketThe current pandemic has posed significant obstacles to both the supply and demand sides. Regional governments’ temporary restrictions on movement have had a significant influence on supply chains. Apart from this, growth in the market has been hampered by the change in spending habit among consumers from discretionary to essential products.

This also has prompted a transition from store-based to online commerce. However, the market is currently recovering, which is an indicator that points to new prospects despite the slowing economy.

Who is Winning?Leading manufacturers of smart water bottle are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales of smart water bottle globally.

Some of the companies operating in the smart water bottle market are Caktus, Inc., Ecomo, Groking Lab, Ltd., Hidrate, Inc., Open-2, Moikit, Thermos LLC., Trago, Inc., Hydra Coach, Inc., Lifefuels, Inc., among others.

Smart Water Bottle Market By CategoryBy Type:

  • Metal
  • Polymer
  • Others

By Price Range:

  • Below US$ 20
  • US$ 20- US$ 40
  • US$ 40- US$ 60
  • Above US$ 60

By Sales Channel:

  • Direct
  • Indirect
    • Supermarkets/ Hypermarkets
    • Multi-Brand Stores
    • Specialty Stores
    • Independent  Small Stores
    • Online Retailers
    • Other Sales Channel

By Region:

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

Flare Gas Recovery System Market is poised to expand at a 5.9% CAGR over the forecast period 2021-2031

Severe guidelines and drives in regards to fossil fuel byproducts control by state and national legislatures across the globe are prodding interest for Flare Gas Recovery System. Mechanical headways like FGRS to further develop adequacy in remote oil and gas fields are likewise projected to supplement market development in the approaching years.

Deals possibilities of Flare Gas Recovery System were anyway hosed because of the beginning of the COVID-19 pandemic. Interruptions in inventory network and ended creation exercises in the oil and gas area brought about deteriorated interest for Flare Gas Recovery System.

Be that as it may, with assisted antibody drives and resumption of exchange exercises, recuperation of the flare gas recuperation framework market is on card. FMI has extended deals of Flare Gas Recovery System to increment by 4.8% year-over-year somewhere in the range of 2020 and 2021.

Driving flare gas recuperation framework makers are centering sending off savvy and high proficiency items to further develop deals. Innovations, for example, ejector-based frameworks are acquiring foothold on the lookout and innovative work to further develop viability of these frameworks will keep giving tailwinds to erupt gas recuperation framework deals through 2031.

Flare Gas Recovery System Market 2016-2020 Outlook Compared to 2021-2031 Forecast

Revenue generated by the oil and gas segment of the flare gas recovery system (FGRS) market rose gradually in 2021. Demand for flare gas recovery systems grew by 4.8% between 2020 and 2021, enabling growth in the flare gas recovery system market.

The FGRS market is regulation driven. Historically, the market witnessed impressive growth after 2015, when the World Bank launched its “Zero Flaring by 2030” initiative. The  initiative was launched to end routine flaring by 2030, by facilitating cooperation between stakeholders to find solutions to curb gas flaring through appropriate regulations, adoption of technologies, and financial arrangements.

Leading flare gas recovery system manufacturing companies are focusing on providing highly efficient and cost-effective options that reduce payback period. Further, manufacturers are investing in research and development in FGRS to enhance their capability to work in remote oil and gas fields to improve sales.

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flare gas recovery system market characteristics and attributes with regional relevance 2021

Competitive Landscape

Zeeco, Inc., John Zink Hamworthy Combustion, Honeywell UOP,  Cimarron Energy, Inc., Wärtsilä  among others.

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Flare Gas Recovery System Market by Category

By Operating Pressure:

  • Upto 5 bar (small)
  • 5 to 10 bar (medium)
  • 10 to 20 bar (large)
  • 20 to 60 bar ( very large)

By Configuration:

  • Modular
  • Skid Mounted

By Technology:

  • Compressor
    • Reciprocating
    • Screw
    • Liquid Ring
    • Siding Vane
  • Ejector Based

By Flow Rate:

  • Upto 2 MMSCFD
  • 2 to 5  MMSCFD
  • 5 TO 10 MMSCFD
  • 10 TO 20 MMSCFD
  • 20 to 50 MMSCFD

By Application:

  • Oil & Gas
    • Petrochemical Refineries
    • NGL Plants
    • CNG Refineries
    • EOR
    • Pipeline & Syn Gas
    • FPSO Offshore platforms
    • Fuel gas conditioning
  • Chemical Plants
  • Storage Tanks
  • Bio Gas & Landfill
  • Industrial flue gas treatment

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MIDDLE EAST AND AFRICA)

Bonded Abrasives Market Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2032

An abrasive is a material that when rubbed against a surface, produces the desired surface finish and shape. Abrasives are usually minerals that are often available in a wide range of shapes, sizes and types.

They are usually used to clean, grind, scour, abrade or remove the solid material usually by using impact or by the rubbing action. Abrasives are mainly classified as bonded abrasives, steel abrasives, coated abrasives, rubber bonded abrasive wheel, loose abrasives grain, resin grinding wheel and raw super abrasives, among others.

The abrasives material or the abrasives product finds various applications in industries such as electrical & electronics, machinery, metal fabrication and transportation among others.

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What Factors Determine the Growth of the Bonded Abrasives Market?

The growing automobile industry is expected to boost the overall growth of the bonded abrasives market. Resin grinding wheels are widely used in giving the required surface finish as well as the desired design to the automobiles.

Bonded abrasives are natural or synthetic abrasive grains that are usually bonded into a solid form. Bonded abrasives are usually made of abrasive grains that are closely sized and moulded or pressed to produce a wide variety of products.

Resin-bonded grinding wheels are usually in the shape of a wheel. The products range of the resin bonded grinding wheels also includes the snagging wheel, mounted wheel, grinding and the cut-off wheel, cones and plugs. Resin grinding wheels are mainly used for precision grinding, cutting, rough grinding, lapping, sharpening and light grinding among others.

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What is the Segment Outlook for the Global Bonded Abrasives Market?

The rubber bonded abrasive wheel helps in the superfinishing of the machine shaft to achieve the required roughness. The resin grinding wheels are used in providing a smooth finish to the various tools and the pieces of machinery that are manufactured.

The rubber bonded abrasive wheel is used in the polishing as well as deburring of the boreholes on the machine blocks. Regular maintenances of the workshops further boost the overall demand for the bonded abrasives market.

Vitrified bonded grinding wheels are also widely used in the medical sector. Vitrified bonded grinding wheels are used to sharpen dental tools.

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The bonded abrasives are also used for smoothening the edges of the dental tools such that it is extremely convenient for doctors to use the dental tools on patients. The bonded abrasives market segment accounts for the largest share within the global abrasives market.

North America is expected to be the largest shareholder for the bonded abrasives market. The growing demand especially in the U.S is expected to boost the growth of the global bonded abrasives market.

Europe is expected to be the next largest consumer of bonded abrasives market especially due to the growing demand, especially in Germany.

The Asia Pacific is expected to be the fastest-growing market for the bonded abrasives market mainly due to the presence of various end-use industries, especially in China and India.

 

 

Bismuth Oxide Market Size, Growth Analysis Report, Forecast to 2025

Bismuth is a chemical element that is represented using symbol Bi. Bismuth is a pentavalent chemical that resembles chemically with antimony and arsenic. In the earth’s crust bismuth is twice as abundant as gold.  Elemental bismuth occurs naturally and is a free element that is 86% as dense as lead. Bismuth is brittle metal that is silvery white in color when produced freshly. However, bismuth turns into pink tinge mainly after its surface oxidation. Bismuth is one of the most abundantly available diamagnetic elements and thus, has one of the lowest thermal conductivity among other metals. Bismuth metal has its physical property similar to that of tin and lead. Bismuth oxide is the most important industrial compound manufactured from bismuth.

Bismuth oxide has a common starting point as that of similar to the bismuth chemistry. Bismuth oxide is naturally found as the mineral bismite, however, it is also obtained as a by-product from the smelting of lead ores and copper ores. Bismuth trioxide is widely used to manufacture the dragon eggs effects in fireworks as it is a major alternative for lead. Bismuth trioxide is commercially manufactured using from bismuth subnitrate. Bismuth subnitrate is manufactured by dissolving bismuth in hot nitric acid. Bismuth oxide is mainly found as a heavy yellow powder. Thus, bismuth is an essential raw material used to manufacture bismuth oxide.

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Bismuth oxide has few commercial applicationshowever; none of applications use bismuth oxide on a large scale. Bismuthoxide is used as an ingredient in the pharmaceutical industries. However, the use of bismuth oxide in dental materials is slowly declining. Compounds such as bismuth oxychloride have a wide range of applications in the cosmetic industry. Bismuth oxide is used as a pigment in manufacturing paints for eye shadows, nail polishes and hair sprays. Growing cosmetic industry is expected to boost the overall demand for bismuth market. Bismuth oxide are widely used in manufacturing of several machineries such as automatic sprinkler systems for fires.

Bismuth oxide is used as an alternative to lead and hence, has been used in range of applications where previously lead was used. Bismuth oxide is mainly used as an alternative for lead especially in the manufacturing of bullets, shots and other ammunition. Currently, bismuth oxide is being evaluated as a lead replacement in manufacturing free machining brasses especially for plumbing applications. Owing to its low toxicity bismuth oxide is used in the manufacturing of food processing equipments and other copper processing pipes. Growing food industry is expected to drive the overall growth in the demand for bismuth market. Bismuth oxide is also used in automobile industry.

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Asia Pacific is expected to be the leading manufacturer of bismuth oxide. Presence of large scale bismuth manufacturers in China is expected to further boost the growth of the market. North America and Europe are expected to be the major consumers of bismuth oxide. The growing awareness about the hazardous effect of lead is further expected to augment the overall growth of the market.

Hunan Jinwang Bismuth Industrial Co., Ltd, The Shepherd Chemical Company and The Kurt J. Lesker Company are among the major participants of the bismuth oxide market. The company’s are mainly focused towards increasing their production capacity in order to reduce the overall demand supply gap.

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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.

 

Bio-Wax Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2025

Bio-wax is a group of water soluble organic polymers that are manufactured from bio-based raw materials. It is also manufactured as a byproduct of bio-diesel production process. The applications of bio-wax are cosmetics and personal care products, water protection systems,firelogs, infrastructure building and paints & coatings. Bio-waxis developed to replace petroleum based wax and synthetic olefins. Itis usually a low odor group of compounds that does not interfere with complexfragrance profiles. The uses and properties of bio-wax depend on its molecular weight and branching of polymer.

Rising demand for cosmetics and personal care products is expected to drive the bio-wax market. Cosmetics and personal care industry is driven by demand from developed countries and rising demand from emerging economies worldwide. Owing to changing lifestyle and rising disposable incomein emerging economies, cosmetics and personal care products are experiencing huge demand. Bio-wax based products are used as firelogs that emits less green house gases as compared to other fire fuels. According to the U.S. Environment Protection Agency report,bio-based fuels do not increase carbon di-oxide concentrations in environment.

Thus, the demand for bio-wax in firelogs from cold climatecountries is expected to further boost the market growth. In addition, reduction in petroleum wax supply and changing consumer group’s preference is expected to fuel the bio-wax market growth. Petroleum wax is subjected to price and supply volatility of crude oil and it may have adverse effects on human health. Bio-wax is also used in concrete work such as bridge construction, roof tiles, pre-fab elements and precast concrete application. Growing building and construction industry in emerging economies and repairing of existing infrastructure in developed countries is expected to drive the bio-wax market.

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However, cost and complex process of manufacturing is expected to hamper the market growth. Bio-based raw materials are used for bio-diesel production and bio-wax is also produced as a byproduct of this process. Raw materials suppliers are preferring bio-diesel plants over bio-wax manufacturing which creates scarcity of the raw materials. Technological advances and increasing scope of use of bio-wax in new applications in expected to provide opportunities for bio-wax market in the near future.

North America was the largest consumer of the bio-wax in terms of consumption and production. Demand from cosmetics and personal care industry is expected to drive the bio-wax market in this region. In addition, governmental regulations for bio-based fuel in firelogs are anticipated to boost the market. North America was followed by Europe, where stringent governmental policies for reducing carbon di-oxide emission are expected to boost the market.

Shift in preference of consumer groups from petroleum based wax to bio-wax in cosmetics and other application is expected to fuel the market growth. Building and construction industry in this region is expected to contribute to the growth of bio-wax market. Use of bio-wax in infrastructure building and firelogsis in line with the sustainable growth policy of Europe. Growth in Asia Pacific was submissive however, it is expected to grow at higher pace in the near future. Abundant raw materials and presence of bio-diesel plants is expected to boost the market in this region.

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Key players in this market include Biosil, Duraflame, BioJouvance, Fisch, Remmers, Chant Oil 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.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size & Forecast 2015 -2025
  • Supply & Demand Value Chain
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Market Drivers and Restraints

 

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Regional analysis includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

Ecotourism Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2031

According to a recent report by Future Market Insights (FMI), the ecotourism market is expected to surpass a valuation of US$ 17 Bn in 2021 and is set the witness growth at a CAGR of ~15% during the forecast period, from 2021.

FMI projects the education sector to significantly contribute towards the ecotourism market growth. The relationship between education and ecotourism is concerned with ensuring that organisations deliver effective interpretations of cultural, resource management, and environmental values.

Education with ecotourism is not only one way of transfering knowledge or information but it is about understanding and learning in a manner that personally involves ecotourism in an enjoyable and interesting manner.

Ecotourism provides a great opportunity to learners and students to receive education and gather knowledge along with personal and professional growth. It can help instil values in students that will lead to their involvement in environmental and other social issues in the future.

Governments around the world are adopting various initiatives to support the safety and security of tourists. The provision for better security to ensure the safety of tourists is enhancing the scope of tourism by boosting the number of visits from tourists from across the globe.

Also, steps taken by governments to preserve nature will present a conducive environment for the ecotourism market growth. They are also focusing on improvements in the agro-industry, as they have understood the importance of creating a sustainable environment. These initiatives have majorly boosted the market for ecotourism in the world.

Key Takeaways from the Ecotourism Market Study

  • North America, Europe, East Asia, and Oceania among others are the top-visited destinations for ecotourism.
  • The United States, the United Kingdom, China, and Australia among others are the most popular countries in the ecotourism market.
  • The demand for ecotourism will be higher among people aged between 26 years and 35 years.
  • Natural and wildlife ecotourism demand will rise considerably in the coming years.
  • UAE will emerge as a popular ecotourism destination backed by favourable government initiatives.

Impact of COVID-19 on the MarketThe novel coronavirus outbreak had caused an economic downturn by disrupting corporate operations in the tour and travel industry. Tourists dependent countries felt the negative impacts of the pandemic longer than other economies.

As per the UNWTO, 100 to 120 million direct tourism jobs (including labour-intensive accommodation, food services industries and other transport industries) were at risk. Even after vaccination, somewhere people are scared about another wave of coronavirus in the countries like France and China, which is restricting people to go on foreign tours.

Who is winning?Players in the ecotourism market are adopting a virtual and online approach to connect with potential tourists. A few key players in the ecotourism market are Eco Travel and Tourism LLC, Big Five Tours & Expeditions Inc., G Adventures, Praxis Holidays LLP, Greenloons LLC, Aracari, Adventure Alternative Ltd, Responsible Travel, Steppes Travel, Great Canadian Trails, Tropical Rainforest Education and Exploration, Windmill Holidays, Farhat Tours & Transfers S.P.C., Intrepid Travel, Frosch International Travel, GeTS Holidays, Midnight Sun Travel, TRUE ECUADOR TRAVEL, and Royal Arabian Destination Management among others.

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Global Ecotourism Market by CategoryBy Type:

  • Nature & Wildlife
  • Cultural
  • Rural

By Tour Type:

  • Independent Traveler
  • Tour Group
  • Package Traveler

By Tourist Type:

  • Domestic
  • International

By Consumer Orientation:

  • Men
  • Women
  • Children

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

By Region:

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