Changing Customer Mindset Alongwith Regulatory Compliances Push the Demand for Polymeric Automotive Interior Materials

The global automotive sector is subject to changing customer trends, with personalized mobility – design and functionality – leading the pack. With customer experience emerging as a paramount aspect, automakers are walking an extra mile to serve the demanding situation with catchy aesthetics in the automotive interiors. In addition, top-notch automotive interior materials are witnessing huge traction following the synergy between exterior and interior functionalities improves the performance quo.

Regulatory bodies across the globe are instituting amendments for enhanced fuel efficiency in tandem with reduced emissions. As such, car manufacturers are focusing on the production of autonomous and electric vehicles. The progressive reliance on driverless and e-vehicles is fueling the demand for lightweight automotive interior materials to comply with government policies.

Manufacturers are hunting for reduction in cost and weight while designing automobiles. Polymer materials offer the feature of customization, as such, carmakers will be banking on polymer composites for customized automotive interiors. Materials, including polypropylene, are receiving regulatory approvals following recyclability.

Polycarbonate for Enhanced Aesthetics and Performance of Automotive Interiors

Color, light, haptics, and surfaces govern the quality of automobiles interior. Polycarbonate (PC) material produce aesthetic interiors, including instrument panels, light guides, and leather-like interior surfaces.  PC films are utilized to form 3D elements in interior automotive applications, such as speedometer dials. Further, polycarbonate automotive interior materials provide the suitable combination of high mechanical performance, surface quality and long-lastingness at elevated temperatures to ensure peak performance of automotive interior materials.

PC films support in managing the transmission, diffusion, reflection and direction of light inside the automobile. In addition, the coatings are finding purpose in automotive interiors in light of special properties- matte, textured, and glossy. With the electric vehicles making forays, the dependence on polycarbonate (PC) consumption is expected to amplify at a sweeping rate, as PC will be used in designing sensors, and LEDs in vehicles.

Polyurethane Foam for Improved Passenger Experience

With polyurethane (PU) molding foam, automotive interior designers are able to couple the instrument panel retainer with an attractive coating. The PU material enhances productivity owing to good fluidity and rapid de-molding frequency. The technique enables integrated production of complex contours to reduce expenses.

Polyurethane absorbs impact energy in case of accidents, saving passengers from injuries. Instrument panels made with PU complement passenger experience by improving noise abatement, and assuring low VOC (Volatile Organic Compounds) discharges in automobile interiors. Further, the aspect of good wear and scratch resistance makes the material suitable for designing door handles, cup holders, and gear knobs.

Polypropylene and Polyethylene for Lightweight Automotive Interior Components

High costs associated with ABS (Acrylonitrile butadiene styrene) are paving way for cost-efficient polypropylene (PP) composites with better features.  Manufacturers are leveraging PP demand to design automotive interiors, replacing the metal components. Upsurge in production of EVs corresponds to increasing demand for lightweight components in a bid to offset the weight of the heavy batteries.

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However, HDPE (High Density Polyethylene) is being utilized in designing gas tanks of combustion vehicles as a substitute of steel in developing countries. Yet, EVs persist to rely on polyethylene (PE) for developing engine parts as the property of high temperature resistance of composite polymers is not necessary in electric battery engines.

Global Yogurt Powder Market to Grow as Demand for Low Sugar Products Increases

The yogurt powder market in recent years has seen a flurry of activity, as a response to the growing consumer preference for natural low sugar products and the demand for different dietary requirements of people around the world. With dietary patterns and inclinations shifting towards organic and natural, the local players in the yogurt powder market are looking to capitalize on this food trend for lucrative business prospects. The fragmented yogurt powder market, due to growing demand globally, is expected to expand at an above-average rate of 7.5% during the forecast period, by the end of 2029.

Rising Demand for Probiotic Products

In recent years, consumers have been increasingly inclined towards products that promote gut-health, riding on the same tide of health conscious food consumption. This also comes on the back of the rising prevalence of illnesses related to the digestive system, which is pushing the popularity of yogurt and consequently yogurt powder in the global scenario.

Touted as having all the benefits offered by yogurt, manufacturers are looking to encourage penetration of powdered yogurt in the food service and food processing sectors as well. Yogurt powder is being increasingly used, since its inception, in both savoury and sweet food preparations, and to improve the taste and texture, without sacrificing the nutritional aspect of it.

The global clean living movement, which has had an impact on the larger food and food service movement has also influenced the global yogurt powder market as it is considered highly compatible with the movement. The popularity of the clean living movement is also expected to have a positive effect on the expansion and evolution of the yogurt powder landscape.

Popularity Among Retailers and End Users

As yogurt powder continues to penetrate the food and beverage sector, it is increasingly becoming an appealing choice for            food service operators and manufacturers, due to added benefits like longer-shelf life over fresh yogurt, making it easier to be transported as well.

The acceptance of yogurt powder in food service, especially by retailers, has pushed manufacturers in the market to focus on research and development for product innovation that enhance food quality and manufacturing process. Players in the market are placing a premium on innovation without sacrificing the nutrition profile of yogurt.

Regional Markets within the Global Landscape

The global market for yogurt powders is being propelled by its growing popularity within regional markets, has led to several lucrative prospects for players looking to make inroads and strengthen their geographical standing.

According to this report, the regional markets in North America and Europe are likely to hold a significant share of the market in the foreseeable future, which can be attributed to the increasing demand for products for the growing health conscious population in these regions. However, there is a rising demand for health and wellness products in the Asia and Middle East markets, which is also expected to contribute to the growth of the yogurt powder market in the region during the course of the forecast period.

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Evolving Consumer Trends and Advances in Flexible Packaging Expected to Propel the Growth of the Form-fill-seal Films Market: FMI Study

Future Market Insights recently published a market study that offers an in-depth and accurate analysis of the prospects of the form-fill-seal films market over the forecast period, 2019-2029. The report throws lights on the multiple factors that are expected to influence the overall dynamics of the global form-fill-seal films market including the current & projected trends, growth opportunities within the market, challenges that are likely to hinder market growth, and various market drivers that are likely to boost the market growth in different geographies.

According to the published market assessment, the value of the form-fill-seal film market was around US$ 22,737 million in 2019 and the market is expected to witness steady growth with a compounded annual growth rate (CAGR) of ~4% during the considered forecast period, 2019-2029.

The report suggests that various factors are likely to play an imperative role in boosting the overall growth of the market including, growing applications in the numerous end-use industries such as food packaging, pharmaceuticals, agriculture, and more. In addition, properties such as high sealability and machinability of form-fill-seals films are another factor expected to increase the demand in the upcoming years. According to an analyst at Future Market Insights, “The evolving consumer trends are likely to have a strong impact on the evolution of modern-day packaging solutions and the same can be reflected within the form-fill-seals space.”

Growing worldwide consumption of packaged food expected to boost the market growth

The ‘clean label’ trend has gained significant popularity in recent years and expected to continue to gather momentum in the upcoming years owing to the growing demand for ‘clean label’ products. In addition, consumers are heavily inclined towards packaged food products owing to the convenience – a factor that is expected to boost the demand for form-fill-seals films in the food packaging industry. In addition, as form-fill-seals films play an imperative role in contamination-free food packaging, the demand for the same is projected to grow at a steady pace over the next few years. The optimum machinability of form-fill-seals films is another factor that is estimated to boost adoption in the near future.

Europe and East Asia offer significant opportunities to market players

The form-fill-seals films market is expected to witness considerable growth in Europe and East Asia owing to an array of factors. Technological advances in Europe pertaining to flexible packaging and the onset of cutting-edge packaging solutions are some of the primary factors that are expected to propel the growth of the market in Europe. In addition, consumer awareness and demand for ‘clean label’ food products are considerably high in Europe in comparison to the other regions – a notable factor that is prompting the entry of new market players in the region.

The market is expected to gain traction in East Asia owing to noteworthy growth of the flexible packaging industry in nations such as China. Moreover, as investments in the packaging domain continue to rise in East Asia, a host of opportunities for market players are likely to emerge in the foreseeable future.

Form-fill-seals films Market: Vendor Insights The report offers critical insights related to the leading companies operating in the current market landscape. Some of the most established players operating in the global form-fill-seals films market are, Qatar Plastic Products Company W.L.L, Slovpack Bratislava spol.s.r.o, BP Plastics, Nordfolien GmbH, and Trioplast Industrier AB among others

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Need for Anti-Agglomerate Hydrate Inhibitors to Foresee Strong Development in the Low Dosage Hydrate Inhibitor Market

Low dosage hydrate inhibitor (LDHI), being an efficient hydrate inhibitor kind, is effectively looked for in different applications in gas and oil areas. According to the objective applications’ prerequisites, various kinds of LDHI, for example, kinetic and anti-agglomerates inhibitors, are sent. Utilization of LDHI is accumulating noteworthy momentum, as they adequately control and administer hydrates to keep up flowline and pipeline uprightness whereas decreasing overall expenses if there should arise encase of offshore applications.

Global sales of low dosage hydrate inhibitors are slated for a vigorous development over the years to come, fueled by a gigantic end-user shifting from customary thermodynamic inhibitors to LDHI. The implementation of these inhibitors will further keep on being supported by multipronged cost benefits related with flow upkeep, logistics, as well as storage.

Foremost market players in the market are centering on the improvement of products that involve low logistical expenses along with having a negligible ecological impression. Makers are likewise guaranteeing that their contributions follow QHSE (quality, health, safety, environment) norms that will be exceptionally fundamental for sustaining end-user assurance.

Expanding offshore gas discovery along with increasing acknowledgment of LDHI over thermodynamic hydrate inhibitors are significant variables for the development of the LDHI market. Anti-agglomerate hydrate inhibitors are further biodegradable in contrast to kinetic hydrate inhibitors that settles on them the decision for ecological standard agreement.

An end-user inclination for a particular item type in the market for LDHI is likely to remain profoundly affected by execution. Despite the fact that kinetic hydrate will foresee considerable requirement at present, anti- agglomerate sales are probably going to pick pace as well as develop at a remarkable rate over the years to come. This could be ascribed to the way that Anti-agglomerate offers significant benefits, a few of them being lower capital expenses, lesser transportation expenses, higher compatibility, in addition to others.

Factors Determining the LDHI Market

  • Developing Preference for LDHI in contrast to Thermodynamic Inhibitors

Thermodynamic hydrate inhibitors are utilized to deliver tests keyed out with gas hydrates, especially in the gas and oil sector. Then again, thermodynamic inhibitors since are needed in enormous volumes, represent altogether more eminent logistical cuts, as well as require significantly huge storage tanks, trailed by huge infusion lines.

LDHI on the opposite side are expected in altogether less amount and accordingly are referred to gainful for makers regarding costs, transportation, efficiency, along with storage. Low dosage hydrates are demonstrated as cost-efficient just as compelling hydrate treatment compounds that would keep on cultivating their utilization over ordinary thermodynamic hydrate inhibitors.

  • Expanding Compliance with Environmental Regulations

Expanding centers around ecological compliance in the oil and gas sector is forcing the requirement for biodegradable materials. Usage of thermodynamic hydrate inhibitors is compelled by their low maintainable residual that has been pushing other environmentally feasible choices – incorporating LDHI. Whilst producers are incessantly investigating novel low dosage hydrate inhibitors applications, they are likewise increasing investments in item advancements to oblige sustainability needs.

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Recurrent Calibration Testing Speeds up Market Expansion of Instrument Calibrator

Consistency of instrument calibration keeps on being a vital factor amid manufacturing and fabrication sectors, in which minute mistakes convert into gigantic blunders that affect the whole task. The regularity of calibration interims for sector equipment and instruments by specialists, for example, the WMO (world meteorological organization) keep on buoy up instrument calibrators demand.

Instrument calibrators foreseen supported footing, as strict guidelines on quality and protecting upkeep keep on upholding their centrality. Additions stay supported by a more noteworthy recurrence of utilizing instrument calibrators in the electronics and pharmaceutical segment, wherein odds of blunders are affected by multi-faceted perspectives.

Expending on industrial infrastructure proceeds on an upward winding in developing economies, especially in the aerospace, electronics and pharmaceutical sectors. This has made a wave pool of chances for instrument calibrator producers in addition to service providers in these markets.

Industry partners keep on placing endeavors into progressions in instrument detectability to accomplish the ideal precision of assess data. Former recognition of errors to enhance yield effectiveness and decrease procedure downtimes has additionally driven advancements in the instrument calibrators.

The quick pervasion of industry 4.0 has impacted expansions in the instrument calibrators, with the combination of sensors that empower the digitalization of this hardware. As robotization spreads like an out of control fire all over industry divisions, especially in created markets, all things considered, it is highly probable that fate of upkeep will slant more toward digital thus will the calibration processes related to instruments.

Factors Determining the Instrument Calibrator Market

  • Existence of foremost producers in key market is boosting the market

The accessibility of instrument calibrators, for example, electrical calibrators, pressure, and temperature, because of the sufficient existence of foremost producers in distinguish areas is altogether enhancing the market growth. Quick development in different sectors, for example, defense, automobile, electronics, aerospace, and pharmaceutical, in the ongoing years is making prospects for industries to catch a remarkable market share. Producers give a wide scope of instrument calibrators according to the prerequisites of different sectors.

  • Incessant use in the pharmaceutical sector is essentially fueling the market

In the pharmaceutical sector, different pharmaceutical products, for example, diagnostic test kits, medical devices, and drugs should be tested according to the strict rules for the equivalent. The testing gear utilized in the pharmaceutical sector involves customary calibration testing to guarantee its appropriate working. The recurrent calibration testing of different pharmaceutical equipment, for example, weather stations, medical testing devices, furnaces, and thermistors, necessitates different calibrators, electrical, pressure, and temperature calibrators. The developing pharmaceutical sector and the successive utilization of calibrators in this sector are advancing the instrument calibrator market.

  • Obligatory calibration testing in sectors is pushing the instrument calibrator market

Sectors, for example, electronics, pharmaceutical, automobile, defense, and aerospace, need an assortment of testing equipment for day by day activities. The correct working of this testing hardware is fundamental to do different tasks. The obligatory calibration testing of this testing equipment according to the guidelines is additionally pushing the market. Calibrators, for example, temperature, pressure, and electrical calibrators are now and again utilized in different sectors for the calibration testing procedure.

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Modified Starch Market to Reach US$ 18.7 Bn by 2029-End

Modified starches are increasingly replacing native starches in the food processing industry, owing to the improved and enhanced functional properties of modified starches. Modified starch is used in the food industry as a texture improver, fat replacer, and for potential flavor masking of food products. Furthermore, modified starch provides functional properties such as taste, texture, and thickness to the processed food, while extending their shelf life. Increasing urbanization, coupled with the changing consumers’ eating habits, has given rise to the demand for convenience and processed food. The increasing demand from consumers has made manufacturers improve the quality and efficiency of their product offerings, which is creating a strong demand for modified starch over the forecast period. The unique functional benefits associated with modified starch makes it a vital ingredient in end-use industries, including textile and paper industry, and cosmetics, and personal care formulations. Modified starch is a multifunctional additive used in the cosmetic and personal care industry. In the past few years, the trend for natural cosmetic products is witnessing an ever-growing demand, and hence, manufacturers are incorporating new cosmetic products using natural ingredients such as modified starch to gain traction of the more extensive consumer base. Also, modified starch finds application in the textile industry for the sizing of medium-count and coarse yarns. Thus, increasing demand from end-use industries is anticipated d to provide a substantial market opportunity for modified starch.

Overview of the Global Modified Starch Market

According to the recent study published by FMI projects that the global modified starch market will record a steady growth during the forecast period 2019-2029. The report includes critical market insights based on the crucial information about the latest activities by the leading suppliers, manufacturers, and distributors in the global modified starch market. The market study published by FMI provides the most requisite data about the factors that can make a significant impact on the growth of the global modified starch market. Leading players, stakeholders, and new entrants in the market can plan the right business strategies and follow a correct decision-making process.

Segmentation of the Global Modified Starch Market

The global modified starch market is segmented on the basis of source into wheat, maize/corn, tapioca, potato, and rice. In terms of value, the global modified starch market is significantly occupied by maize/corn and is likely to stay strong over the forecast period, whereas the rice segment of the global modified starch market is anticipated to grow with the highest CAGR over the forecast period. The food and beverage segment is expected to dominate the application segment of the global modified starch market over the forecast period. Wide-ranging applications of modified starch in the food and beverage industry- as a thickener, an emulsifier, and fat replacer- are resulting in the highest consumption of modified starch by the segment. Dairy products and bakery products occupy significant share by revenue in 2019 in the food and beverage industry over the forecast period.

Competitive Outlook of the Global Modified Starch Market

Both large- and small-scale processors and manufacturers of modified starch are aiming at expanding and upgrading their production capacities by incorporating newer technologies and equipment to meet the increasing demand from end-users. Besides, modified starch manufacturers are increasing their product launch frequency and updating their portfolio with a variety of products, which ultimately helps to cater to the needs of an ever-changing market. The manufacturers are offering organic, vegan, non-GMO, and high-quality modified starches to customers so that they can provide unique and quality products to end consumers.

Furthermore, increasing expenditure by government and non-government organizations on research and development activities is resulting in the introduction of new and innovative products in the global market that is growing the demand for food additives. This is resulting in new market opportunities for modified starch over the forecast period.

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Cosmetics ODM Market to Reach US$ 20 Bn by 2029-End

Strong inclination of the masses towards cosmetics products, especially in the developing countries of the East Asia and Latin America regions, which is driven by the increasing disposable income, has contributed to the growth of the cosmetics ODM market over the past few years. Rapid improvements in technology pertaining to the cosmetics ODM industry across the globe have witnessed significant growth in this market in terms of volume. These have resulted in growth of the cosmetics ODM companies which ensures the availability of skincare care products such as styling products, conditioners, and colorants. This factor, along with an increase in the number of cosmetic products and the affordability of technology innovations, & formula advancement services, is expected to increase the usage of cosmetics ODM technologies such as multicolor compression technology, advanced printing technology, and creative beauty technology, on a global scale. The adoption rate of differentiated research and development technologies as well as manufacturing technology is estimated to increase during the forecast period to cater to the ever-rising global demand for cosmetics ODMs.

Moreover, Changing lifestyles and increase in the purchasing power of consumers have created the preference for premium products such as green or natural cosmetics products and color cosmetics which drives cosmetics ODM market further. The premiumization trend in cosmetics ODM market is bridging the gap between luxury and mass markets to offer all consumers access to unique or high-quality products. Moreover, globalization & economic growth, especially in developing countries, is offering lucrative opportunities for various companies to capitalize on the premiumization of their cosmetics ODM product portfolio to strengthen their market position.

Cosmetics ODM Market Overview

The global cosmetics ODM market was valued at ~US$ 11 Bn in 2018, and the cosmetics ODM market is expected to increase at a CAGR of ~6% between the forecast periods of 2019 and 2029. The growth of the cosmetics ODM market is majorly driven by the higher demand for personal grooming across the globe, which is supported by the increasing urban population.

A new market research report by Future Market Insights on the cosmetics ODM marketincludes the global industry analysis 2014–2018 and opportunity assessment 2019–20289. The report investigates the cosmetics ODM market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global cosmetics ODM market is projected to experience significant growth over the forecast period due to multiple driving factors such as higher demand for personal grooming across the globe, which is supported by the increasing urban population. Increasing population, predominantly in the developing regions such as Asia Pacific and MEA, is projected to support the growth of the cosmetics ODM market over the forecast period.

Segmentation of the Global Cosmetics ODM Market

The global market of cosmetics ODM has been segmented on the basis of different types of cosmetic products, their multiple end-use brands, and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa

Regions such as North America and Europe are expected to hold prominent market shares in terms of value in the cosmetics ODM market. However, the South Asia market is expected to project lucrative growth in the global cosmetics ODM market over the forecast period of 2019-2029. This growth is propelled by the rapid growth in the beauty and personal care industry in the countries of South Asia, which include India and ASEAN countries, among others. The economic condition of the above-mentioned South Asia countries has been developing positively.

Competitive Outlook of the Global Cosmetics ODM Market

The report highlights some of the prominent market players, who have established themselves as leaders in the global cosmetics ODM market. Some of the examples of key players in the global cosmetics ODM market are RPC Group Plc., Nox Bellcow Cosmetics Co., Ltd., Cosmax Co., Ltd., Intercos Group, Kolmar Korea Co., Ltd., Cosmecca Korea Co. Ltd, Nihon Kolmar Co., Ltd., Global Cosmetics (HK) Company Limited, and Chromavis S.P.A.

The global cosmetics ODM market is significantly consolidated with some players holding prominent shares of the market. These players are as Cosmax Co., Ltd., RPC Group Plc, Toyo Beauty Co., Ltd., and Kolmar Korea Co., Ltd., among others

With the help of imperative information about drivers, restraints, and trends in the global cosmetics ODM market, the market study published by FMI provides helpful information to manufacturers and distributors

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Declining Prices of Sequencing Processes Expected to Propel the Growth of the Clinical Oncology Next-Generation Sequencing Market

Future Market Insights recently published a well-curated market research report that offers significant insights pertaining to the prospects of the global clinical oncology next-generation sequencing market during the forecast period, 2019-2029. The report touches upon the various parameters that are projected to influence the overall scenario of the market including the current & potential market trends, growth opportunities, factors that could potentially hinder market growth, and various advances in technology among others. According to the published study, the market value of the clinical oncology next-generation sequencing market was around US$ 220 million in 2018 and the market is expected to grow at a compounded annual growth rate (CAGR) of ~17% over the forecast period, 2019-2029.

The report suggests that the market growth can be attributed to a range of factors including, rise in the number of cancer cases worldwide, significant advances in next-generation sequencing technology, continual government funding for life science projects, and declining prices of sequencing processes among others. Further, the overall development of the healthcare infrastructure in the various regions of the world has resulted in the significant rise in demand for next-generation sequencing technology in recent years and the trend is expected to continue over the forecast period.

Growing government investment for life science projects expected to boost the market growth

Government funding towards the development of healthcare infrastructure plays a vital role in fast-tracking the penetration of new technologies and treatments. In recent times, government investment towards life science research and development has witnessed considerable growth – a factor that is providing an impetus to the overall adoption of next-generation sequencing in clinical oncology. In addition, market players operating in the current market landscape are increasing focus on integrating innovative technologies to enhance the overall efficiency of next-generation sequencing. In addition, market players are also leaning towards collaborations and partnerships to expand their product offerings and establish a strong presence within the current market landscape.

North America and Europe likely to present significant growth opportunities

According to the analyst at Future Market Insights, “North America and Europe are expected to be the most prominent regions in terms of market share and size over the forecast period due to a range of factors including, advances in technology and presence of a robust healthcare infrastructure among others.” Further, an overall increase in healthcare awareness in the aforementioned regions is likely to play a key role in the development of the clinical oncology next-generation sequencing market in the upcoming years.

Clinical oncology Next-generation Sequencing Market: Vendor Analysis The report offers resourceful insights related to the major market players operating within the clinical oncology next-generation sequencing market such as the market share, size, revenue growth, pricing analysis, growth strategies, sales footprint, recent expansions, and more. The leading market players operating in the current market landscape are, Illumina, Inc., Oxford Nanopore Technologies, PerkinElmer, Inc., Takara Bio, Inc, Creative-Biolabs, Pacific Biosciences of California, Inc., BGI Group, and Becton, Dickinson and Company among others

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Global Heavy Duty Corrugated Packaging Market to Grow Moderately during the Forecast Years

The global heavy duty corrugated packaging market has witnessed increased interest recent years, resulting in a steady growth at a modest pace. This can be attributed to the growing need for efficient & secured packaging solutions, which has had a positive impact on the heavy duty corrugated packaging market. The study by Future Market Insights on the prospective growth of the market estimates that the global heavy duty corrugated packaging market is likely to grow at a moderate 5% globally, during the course of the forecast period.

The increasing demand for sustainable and environment-friendly packaging from retailers and consumers alike as led to the increase in the acceptance and adoption of packaging. It is extensively used in packaging across industries for foods, beverages, cosmetics, pharmaceuticals among others. They have been popular as they provide distinct advantages such as crush resistance and stacking convenience, which flexible packaging may lack. They are also biodegradable and recyclable, which are also propelling the growth of the heavy duty corrugated packaging market, globally.

Manufacturers in this heavy duty corrugated packaging landscape are increasingly looking into product innovation, that places product safety and integrity into consideration, focusing on durability, requirements catering to the individual needs of several end-use industries.  This is in alignment with growing consumer inclination for recyclable and biodegradable packaging, a major underlying trend that has had an increasing influence and is set to shape the evolution of the landscape.

Regional Markets in the Global Heavy Duty Corrugated Packaging Market

According to this report by FMI, the growing e-commerce industry is expected to play a crucial role in the evolution of the heavy duty corrugated packaging market. And as the containerboards get increasingly harder to procure as raw materials and the popularity of paper packaging rises in the regional market in Asia, the overall heavy duty corrugated packaging landscape is expected to witness growth in the current years.

As the scenario currently stands in the heavy duty corrugated packaging landscape, the regional market in Asia Pacific holds a significant share in the global market, due to emergence of China and India as popular markets for paper and paper-based products. This also holds true for Brazil the demand for paper has increased manifold. These markets in emerging countries are expected to hold lucrative opportunities for manufacturers in the heavy duty corrugated packaging market landscape.

Future of the Heavy Duty Corrugated Packaging Landscape

The heavy duty corrugated packaging market is considered relatively fragmented with several established and emergent players crowding the scene. Manufacturers in the landscape are increasingly looking to align themselves to shifting consumer inclination to environmentally friendly packaging, limiting the use of plastics and Polyethylene. This comes alongside government initiatives and regulations that encourage reduction of plastics in packaging, a trend that has also influenced in the evolution of the larger packaging industry, and now trickles into the heavy duty corrugated packaging market.

Manufacturers are also focusing on incorporation of newer materials for the production of heavy duty corrugated packaging, with design innovation at the forefront shaping the landscape in the foreseeable future.

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Increasing Focus on Standards and Certifications In Floriculture Is One the Factors for the Growth of Floriculture Market, Finds FMI

According to a market report published by Future Market Insights, the global sales value of floriculture was US$ 40,556.7 Mn in 2018. According to the report, the floriculture market is projected to expand at a CAGR of ~ 7.1% during the forecast period.

Various certifications and standards in the floriculture market offers responsible codes of conduct, industrial standards, and sustainable agricultural practices. Nowadays, growers and traders in the floriculture market are focusing on various certifications such as MPS, Fair Flowers Fair Plants, Max Havelaar, Florverde, and many more. Moreover, the demand for sustainable products is growing continuously among consumers. Thus, companies in the floriculture industry are seeking opportunities to recognize with various certifications and standards in the market.

Additionally, supermarkets/hypermarkets floral buyers are seeking for opportunities within the floriculture retail market. Retailers are engaging with qualified personnel in their stores to offer full service to customers, upgrading products with unique designs, bouquets, and improve product quality. It also provides consumers the convenience of e-commerce to save time and high product choices.

Overview of the Global Floriculture Market

A recent study published by FMI on the global floriculture market will record a steady growth during the forecast period 2019-2029. The report includes critical market insights based on the crucial information about the latest activities by the leading suppliers, manufacturers, and distributors in the global floriculture market. The market study published by FMI provides the most requisite data about the factors that can make a significant impact on the growth of the global floriculture market. Leading players, stakeholders, and new entrants in the market can plan right business strategies and follow a correct decision-making process.

Segmentation of the Global Floriculture Market

The floriculture market is segmented into product type, flower type, end use, sales channel, and region. Among product type, cut flowers segment dominates the global floriculture market in 2018 and continue to grow during the forecast period, which can be attributed to high demand for fresh cut roses in decoration purpose, gifts as well as occasions. The cut foliage segment is witnessing a significant growth in the global floriculture market owing to rise in demand for mix bouquets at florist shops. Cut foliage are used in bouquets and other flower arrangements at events and festivals. On the other hand, collaboration with traders and retailers as well as additional efforts to promote mixed bouquets in retail stores is expected to create an opportunity for cut foliage in the near future.

Europe and North America Dominates the Global Floriculture Market 

Among regions, Europe and North America together accounted for over 85.6% of the global floriculture market. Among these two regions, Europe represented a higher share in 2018 owing to high demand for flowers among consumers and per capita flowers consumption in the region

The floriculture market has been witnessing rapid growth in East Asia, where the market is projected to expand at a CAGR of 8.5% during the forecast period owing to steady improvement in the horticultural production along with low production cost.

Apart from decoration purpose, eating flowers is one of the most popular upcoming trends in the market. Flowers are rich in antioxidants. Eating flowers helps in stimulating the body, is good for digestion, and provides numerous health benefits. With growing accessibility of edible flowers and micro greens, home-cooked food includes this new ingredient in their sweet and savory food items as well as drinks for its unique flavor as well as for its aesthetic and decorative purposes. 

Additionally, the biotechnology industry is highly innovative and growing at a fastest rate globally. With its immense growth potential, it will play a significant role as an innovative manufacturing hub in the near future. Scientists in the biotechnology industry are continuously working on research and development activities to apply biotechnology to consumer products as well as to make it accessible and appealing to the public worldwide. For instance, scientists are focusing on developing unique flowers that changes colors throughout the day.

FMI’s business intelligence also highlights significant insights into the competitive scenario of the floriculture market along with manufacturers’ differential strategies. In the global floriculture market, there is rapidly increasing demand for sustainably produced flowers, which is one of the main trends that is changing the industry. All stakeholder in the floriculture value chain are implementing good agricultural practices to protect the negative impact on the environment and labor conditions. According to FMI’s report, companies in the floriculture industry are investing more on certifications and offering fair trade, FPP, and other certified flowers to the consumers.

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