Market Research Blog – Page 14891 – New Product Development

Phototherapy Treatment Market is likely to grow at a CAGR of 5% through 2026, reaching US$ 675 Million

In the U.S., acne is one of the most common skin disorders among the teenage population. While topical or oral antibiotics remain the first-line treatment, more advanced therapies are chosen if the condition becomes severe. Increasing resistance of Propionibacterium acnes to standard medications has surfaced as a major concern for both physicians and patients. Therefore, physicians are required to consider other treatment modules that are capable of delivering quicker and more positive results.

hototherapy has emerged as an effective and contemporary treatment module for acne and psoriasis, which is gaining healthy popularity of late. As compared to biologics, phototherapy is more affordable having a similar credibility. Over the next couple of years, demand for phototherapy in regions such North America and Europe is expected to surge to a significant extent. Future Market Insights’ new report reveals that the North America and Europe phototherapy treatment market revenue is expected to expand at a CAGR of 6.0 % over the forecast period (2017–2027).

Distorted eating habits, as well as excessive consumption of fried and ready-to-eat food items, are linked with the early onset of acne in children. Meanwhile, in adults, women face severe acne and psoriasis onset. The report titled “Phototherapy Treatment Market for Acne and Psoriasis North America and Europe Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027” also cites that North America represents the most lucrative market for phototherapy, followed by Western Europe and Eastern Europe. The market in North America is projected to grow from US$ 594.5 Mn in 2016 to US$ 1,150.0 Mn by 2027-end. In addition, the U.S. currently accounts for more than three-fourth revenue share of the North America phototherapy treatment market.

Increasing adoption of phototherapy in dermatology clinics and hospitals in Europe is favouring the growth of the market in the region. Moreover, psychological burdens associated with acne and psoriasis is high in the region, compelling patients to seek professional help in the form of prescription treatments, phototherapy, and others. Germany and the UK are two of the major markets for phototherapy in Europe and expected to remain dominant throughout the forecast period.

Key Excerpts from the Report Include:

Based on end user, hospitals currently account for the largest value share of the phototherapy treatment market for acne and psoriasis in North America and Europe. However, preference for home care settings among patients is likely to grow in the near future.
Demand for blue light therapy is relatively higher than other phototherapy types in both North America and Europe. This trend is expected to continue throughout the assessment period. The blue light phototherapy segment is estimated to reach a market valuation of US$ 1,067.1 Mn towards the end of 2027.

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Phototherapy being a high margin reconstructive technology is perceived as an opportunity for market players to invest in future growth. Lifespan, UC Irvine Health, Buffalo Medical Group, Blackrock Clinic Limited, The Private Phototherapy Clinic Ltd, National Skin Centre, and Massachusetts General Hospital are some of the leading companies profiled in the FMI report.

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

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Global UV Tapes Market Will Exhibit a CAGR of 9.3 % During 2015 to 2020.

Future Market Insights (FMI), in its recent report titled, “UV Tapes Market : Global Industry Analysis and Opportunity Assessment 2015 – 2020”, projects that the global UV Tapes market will exhibit a CAGR of 9.3 % during 2015 to 2020.

UV tapes are a type of pressure-sensitive tapes with high adhesion strength, which reduces drastically on exposure to UV light, thereby allowing clean and easy removal of semiconductor chips after it has fulfilled its purpose. During fabrication, storage, and shipping of semiconductor wafers, these tapes temporarily protect wafers against scratching and surface damage. These are produced from PVC, PET, or PO backing material with acrylic adhesive to hold pieces of semiconductor (dies) in place. These tapes are generally thinner as compared to other tapes, which vary from between 70 to 150 micrometers.

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The report analyses the global UV tapes market in terms of market value (US$ Mn) by applications, region and product type and provides information regarding market dynamics, value chain, competitive landscape, current trends, market estimations and forecast.

As of 2014, UV tapes accounted for less than 1% of the global PSA tapes market in terms of volume and value. Increase in demand for consumer electronics coupled with miniaturization of electronic devices is driving the demand for semiconductors that leads to growing demand for UV tapes. Various governments in Asia Pacific are focusing on sustainable development and have formulated the regulations for same. These regulations and initiatives are identified as underlying driving factors of the market. On the flipside, high cost of UV tapes than non-UV tapes is a minor restraint in the UV tapes market.

From regional perspective, Asia Pacific and North America represented prominent markets for global UV tapes market in 2014. In terms of market value, Asia Pacific is projected to account for 5.4X higher revenue than North America by the end of forecast period 2020. Presence of large scale semiconductor foundries in Asia Pacific is the prime reason behind the surge in demand for UV tapes in this region. Asia Pacific is expected to be the largest market for UV tapes in terms of value, followed by North America and Europe.

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From product type perspective, polyolefin-based UV tapes are expected to register highest CAGR followed by polyvinyl chloride (PVC) and polyethylene terephthalate (PET). While polyolefin-based UV tapes are projected to be the largest market segment by the end of forecast period, PVC is anticipated to witness 1.5X growth in its revenue by the end of forecast period.

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From application type perspective, UV tapes market has been segmented into wafer dicing, back-grinding and others. Wafer dicing and back-grinding are two subsequent procedures applied in semiconductor processing. It is due to this that UV tapes in both application account for nearly same market share, however both are projected to lose market share to other applications that include aerospace and telecommunication. Wafer dicing and back-grinding are expected to exhibit a CAGR of 9.2% during the forecast period.

Key market participants covered in the report include UV tape manufacturers and raw material suppliers. Furukawa Electric Co., Ltd. Nitto Denko Corporation, Mitsui Chemicals, Lintec Chemicals, and Sumitomo Bakelite Co. Ltd. are key manufacturers, while BASF SE, Henkel AG & Company and Dow Chemical Co are some of the key raw material suppliers covered under this research report.

About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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About Future Market Insights (FMI)

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

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Global Fatty Amines Market is Expected to Increase at a Comparatively High CAGR of 4.9%, During the Forecast Period

Future Market Insights (FMI) announces the release of its latest report titled, “Fatty Amines Market: Global Industry Analysis and Opportunity Assessment 2015-2020”. According to the report, the global fatty amines market was valued at US$ 1,721 Mn in 2014 and is anticipated to reach US$ 2,193 Mn by 2020, registering a compound annual growth rate (CAGR) of 4.2% through the forecast period.

Fatty Amines Market Driven by Booming Water Treatment Chemicals Industry & Demand for Agro-chemicals

Global fatty amines market is driven by growing water treatment chemicals industry and increasing demand for agro-chemicals and asphalt additives, mainly in the developing countries. Water treatment chemicals contribute the highest in terms of demand and share to the global fatty amines market, as compared to the other application segments. Increasing usage of fatty amines in various end-user applications coupled with market expansion and development of novel applications, such as detergents, mining, paints & coatings and fabric softener are further driving the fatty amines market growth. However, fluctuations in availability and volatile raw material prices pose a challenge for the global fatty amines market.

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Market Segments

The global fatty amines market is segmented on the basis of product type, application and geography.

By product type, global fatty amines market is segmented into primary fatty amines, secondary fatty amines and tertiary fatty amines. Among these segments, tertiary fatty amines accounted for approximately 48.1% of global value market share in 2014. Furthermore, it is expected to dominate the global fatty amines market throughout the forecast period, exhibiting a CAGR of 3.6% between 2015 and 2020.

The primary fatty amines market accounted for over 25% of the market value share in 2014 and is expected to increase at a comparatively high CAGR of 4.9%, during the forecast period, owing to its increasing consumption in water treatment chemicals and paints & coatings industry as additives to protect the paints from getting tainted while in storage.

The secondary fatty amines segment accounted for approximately 23% of the global value market share in 2014, and is expected to gain its market share and account for 23.3% of the global fatty amines market by 2020.

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On the bases of application, the global fatty amines market is segmented into water treatment chemicals, agro-chemicals, oilfield chemicals, asphalt additives, anti-caking and others (used in personal care, mining, fabric softener, paints & coatings). Among the aforementioned segments, water treatment chemicals is expected to dominate the global fatty amines market with over 29% market revenue share throughout the forecast period. Growing paints & coatings industry, coupled with increasing automobile production in China, Malaysia, Indonesia and Mexico is expected to further propel the demand for fatty amines in the asphalt additives application segment. The scope of applications for fatty amines in others segment is expected to expand in the future too, due to market expansion and innovation in techniques.

On the bases of region, Asia Pacific Excluding Japan (APEJ) dominated the global fatty amines market in 2014, in terms of revenue, accounting for more than 25% of the revenue share. However, North America and Eastern Europe are foreseen to witness relatively high CAGRs of 6.4% and 5.3%, respectively.

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Competitive Landscape

Key players considered in the global fatty amines market include Kao Corporation, Evonik Industries AG, AkzoNobel N.V., DuPont, Clariant AG, CECA Arkema Group, Sigma-Aldrich Corporation, Volant-Chem Group, Procter & Gamble Chemicals Company and Lonza

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Functional Film Market are expected to emerge dominant, exhibiting 8.7% CAGR over the forecast period.

As per a study by Future Market Insights (FMI), increasing applications across diverse sectors, especially the printing and packaging industry will drive the functional films market between 2021 and 2031. Functional films are being steadily commercialized across various industries as they incorporate technologies to improve the functional performance of products on which functional films acts as substrate or a barrier.

The market is gaining momentum, thanks to the expansion of the packaging and plastic industries. Their usage across automotive also is increasing. Functional films can be spotted in automotive displays, car interiors, transmission systems, and lighting. In the packaging sector, BOPP films are the “go-to” options for lamination and flexible packaging purposes.

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As per FMI, the functional films market is poised to reach US$ 47.17 Mn by 2031. The demand for both optical and coating films is considerably high. Of these, coatings films are expected to emerge dominant, exhibiting 8.7% CAGR over the forecast period.

Key Takeaways of Functional Films Market Study

Application across various industries will continue driving functional films market at .2% CAGR through 2031
The U.S. remains the leading functional films market in North America, accounting for over 68% sales in 2021
After an insignificant year in 2020, the U.K. market will bounce back, registering a little below 6% y-o-y growth in 2021
Germany and France will remain key markets. Of these, Germany will remain dominant through the forecast period
Exceptional growth is likely in Japan, as it continues registering expansion of various end-use industries

“Functional films market, like any other sector, is heavily reliant on prevailing trends. Currently, there is high focus on sustainability especially as some of the leading players invest in environment-positive technologies,” said a lead analyst at FMI.

East Asia is expected to dominate the functional films global market. The intense activities in the region have stimulated market participants to engage in product innovations and steadily commercialize their products. In East Asia, the large demand owned by various end-use industries including consumer electronics and automotive, is likely favorable to mold the Functional Films market. The market growth is also dependent on various other factors such as raw material availability and large consumption base.

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Who is Winning?

Some of the leading companies operating in the functional films market include 3M, Dai Nippon Printing Co. Ltd, Toray industries Inc, SABIC, Covestro AG and Saint Gobain Films.

The functional films market is a highly competitive market dominated global petrochemical and chemical manufacturers and key players who are actively involved in the printing and packaging sector. Some players are adopting backward integration, directly purchasing petrochemicals and manufacturing films from scratch. The market is also driven by regional players and new entrants who are aggressively involved to build their brand name.

The Tier-1 players hold approximately half the global value share. Drive for product positioning and collaboration are some of the common behavioral trends in the global market.

There is increasing focus on sustainability, especially some of the leading players. For instance, Coveris has built two new extrusion lines at Cheshire-based facility in Winsford, in the U.K. This capacity expansion is intended at supporting the company’s goal to achieve pack positive sustainability.

About the Report:

The research report analyzes the total sales of Functional Films on the basis of value (US$ Mn). The market is projected on the basis of factors such as growth of polymer industry, developments in films, end-use industry demand, global GDP growth, industry value added, and government regulations. The scope of the research report includes only new sales of Functional Films.

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Packaging Industry to Command 34.1% of the Total Plastic Corrugated Sheets Sales through 2031: FMI

“As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI) the global plastic corrugated sheets market is projected to total US$ 1.3 Bn in 2021, growing at a 6.4% CAGR through 2031.”

As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI) the global plastic corrugated sheets market is projected to total US$ 1.3 Bn in 2021, growing at a 6.4% CAGR through 2031.

Plastic corrugated sheets are budget-friendly and lightweight, making them one of the most economical solutions available for outdoor advertising. They also provide a flat surface, which efficiently works for a wide range of inks. Moreover, the material does not need any special printing equipment, which makes them ideal for various packaging applications.

Printing on corrugated plastic sheets is done on a single or double side, in multiple colors, shapes, and sizes. These sheets can be used for displaying content outdoor for a long period without physical damage due to their rugged construction and long lifespan

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In addition, lightweight plastic corrugated sheets are easily hung with grommets and hangers that fit inside the flutes for indoor displays. It is widely used as signboards or graphical display boards in real estate signs, campaign signs, particular event advertising, temporary directional signage, bus signage, POP displays, danglers, and exhibition panels among others, creating prospects for increasing applications in the print advertising industry.

Plastic corrugated sheets also are considered ideal packaging material in the food & beverage, automotive, pharmaceutical and the construction industries. Plastic corrugated sheets can withstand air pressure 200 times better than glass, which makes them widely acceptable in the construction industry.

2014-2020 Plastic Corrugated Sheets Market Outlook Compared to 2021-2031 ForecastDriven by the expansion of the food and construction industries across the globe, the plastic corrugated sheet market is anticipated to rise at 6.4% CAGR from 2021 to 2031. Plastic corrugated sheets are made from high-impact polypropylene copolymer or low-density polyethylene.

These sheet are specially derived from extruded plastic, also known as twin-wall or multi-wall sheet produced in a continuous extrusion process. They are waterproof, heat-insulated, and long-lasting, while being chemical, moisture, acid-resistant as well as pest and termite resistant. Its tendency to adhere to unforeseen hardships and climate changes is indeed an advantage. It is a robust, long-life, and customized packaging solution for various end-user applications.

In addition, the emergence of e-commerce and digital platforms are anticipated to propel sales of plastic corrugated sheets. Versatility, flexibility, sustainability, and cost-effectiveness are chief factors driving the popularity and adoption of plastic corrugated sheets in various end-use industries. Growing demand for recyclable, reusable, non-toxic and environment-friendly solutions is spurring is projected to spur sales of plastic corrugated sheets in the forthcoming years.

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Key Takeaways from Plastic Corrugated Sheets Market

Based on material type, polypropylene (PP) plastic corrugated sheets are projected to hold 48.7% of the total market share.
In terms of end-use, applications of plastic corrugated sheets in the packaging industry are anticipated to account for 34.1% of the total market share through 2031.
3mm to 8mm thickness segment to remain highly sought after, capturing 48.4% of the total plastic corrugated sheets market share.
The U.S. will continue witnessing high demand for plastic corrugated sheets, accounting for 85.1% of the North American market share.
Germany is projected to dominate the European plastic corrugated sheets market, holding 17.5% of the market share.
Sales of plastic corrugated sheets in India are anticipated to grow at a robust 8.9% CAGR through 2031.
China will emerge as an attractive market, commanding 80.9% of the East Asian plastic corrugated sheets market share.
The Australian plastic corrugated sheets market is projected to grow at a 3.5% CAGR through 2031, owing to increasing demand for high-quality printing solutions.

Who is Winning?DS Smith Plc, Karton S.p.A., Coroplast, FlutePlast, Twinplast Ltd., and among others are the leading players in the global plastic corrugated sheets market. The Tier 1 players in the market hold 15-20% in the global plastic corrugated sheets market.

As consumers are preferring environmentally friendly, sustainable, and affordable packaging solution, players operating in the global plastic corrugated sheets market are actively focusing on research and development to launch innovative products, catering to the growing demand. Besides this, strategic collaborations, mergers, and acquisitions will remain prominent growth strategies adopted by key players over the assessment period. For instance:

Coroplast® offers CORO-GARD™ plastic corrugated sheets made for electronic transportation-sensitive devices and packaging to prevent (ESD) electrostatic damage. It is produced to meet the guidelines given by the (EIA) Electronics Industries Association.

Coroplast® introduced brushed fabric polyester laminated sheets, which provide additional abrasion protection for “A” class packaging applications. Polyester laminated Coroplast sheets offer a cost-effective solution to ensure a proper combination of process, materials, and adhesion.

Karton S.p.A. introduced Eplak® polypropylene sheet, which has a sandy matt finish ideal for cosmetics and luxury products packaging. Its glossy, shiny mirror finish is perfect for advertising materials. Cartonplast® is a versatile product that is easily converted into box packaging and uses the most modern extrusion technique.Buy Now@ https://www.futuremarketinsights.com/checkout/13953

Plastic Corrugated Sheets Market by CategoryBy Material Type:

Polyethylene (PE)
Polypropylene (PP)
Others (Polycarbonate (PC), Polyethylene Terephthalate (PET), etc.)

By Thickness:

Less than 3 mm
3 to 8 mm
Above 8 mm

By End Use:

Packaging
- Healthcare
- Food
- Automotive
- Electronics
- Others
Logistics & Transportation
Building & Construction
Agriculture & Allied Products
Others (Advertisement, Graphics)

By Region:

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

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.”

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 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.

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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.

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.

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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).

Cup Holder Market Healthy Pace throughout the Forecast during 2021 – 2031

“Modernization has transformed technology and quality of living throughout the globe. Cup holders are the most recent advancements used in all spheres of life due to the increasing consumption of beverages, in recent times. The significance of cup holders is to provide a safe place for holding beverages be it taking a drink from a taking away restaurant or spill-free technology introduced in automobiles for difficult roads and speed. ”

Cup Holder Market Overview

Modernization has transformed technology and quality of living throughout the globe. Cup holders are the most recent advancements used in all spheres of life due to the increasing consumption of beverages, in recent times. The significance of cup holders is to provide a safe place for holding beverages be it taking a drink from a taking away restaurant or spill-free technology introduced in automobiles for difficult roads and speed. They are made from different materials like metal, paper, plastic or glass.

Consumption of beverages are rising at a faster pace and so the human’s tendencies for carrying them with ease, be it industrial or household many companies and outlets require cup holders to satisfy the needs of their customers. Another advancement along with spill-free holders in cars is the temperature control automotive holder which can keep the beverage hot or cold as per the requirement. On a higher level, the market of cup holders is conceived to be promising.

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What Drives the Growth of Cup Holder Market?

Industrial giants such as food and automobiles are booming to such an extent that the demand for cup holders as a raw material or as a processed product is exponentially increasing too. The market is driven by customization, comfort and outer appearance which allures the consumers.

Each day services such as Indian Zomato are flooding the market with fast and safe food deliveries, consumers are expecting their automobiles to have amenities that hold their beverages without spilling off on high-speed chases. Designers are making the cup folders as attractive as possible. Companies are also providing customers with the best experience and comfort by introducing temperature adjustable for hot or cold beverages.

Consumerization and a higher standard of living have altered the mindset of the general public as more and more people now want comfort, stylish and safe cup holders in their life.

What Restraints the growth of the Cup Holder Market?

The restraints that could obstruct the development of the market is the cost of materials used such as glass, paper, plastic, metal and others will directly affect the manufacturing cost of the cup holders which will create a price surge in the market.

The industry needs to take into consideration about different requirements of various sections and providing them with a standard that does not hinder the image of the company using the cup holders as in a manner that the product can be safely be stored in for a longer time in the holder and do not cause spilling over long use, disrupting the user’s lifestyle in any manner possible.

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While if we see major companies such as Bugatti and Ferrari not introducing any cup holders in their cars, as for them at such volatile rush of adrenaline and that speed, driver’s concentration need to be focused on wheels and not on the luxuries of cup holders, so they didn’t introduce them in their vehicles.

How will Urbanization and Changing Lifestyle will impact the Cup Holder Market?

With the onset of urbanization, the income slab of consumers is increasing, this is directly proportional to the rise in consumption as well as the requirement of more refined product. The sale of beverages is increasing due to consumer’s hectic lifestyle.

As the demand for beverages increases, there is a boost in the usage of cup holders for the industry and this will exponentially boost the sale for the market. Every house is getting modern and so their needs for comfort and hygiene, these all factors combined will raise the demand for this market.

What will be the Impact of New Innovations on the Cup Holder Market?

The increase in the price of raw materials and a rise in demand for new models which are sustainable, economical and efficient will drive the market towards innovations in the sector. Eco-friendly holders which are strong and can handle spillage or automotive cup holders which provide a user with ease of operation will drive the spike in sales for the market. With such demand, new players are bound to enter the market and regale the urging that would timely accelerate market growth.

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Competitive Landscape

Key players are

OEM manufacturers
Robeck Fluid Power Co.
AMTEC
JVISUSA LLC
Pioneer Corporation
Covercraft Industries
Maksimatic
Bell Automotive products
Kinequip Inc.
Custom Accessories
Bracketron
Ningbo Beixuan International Trading Co., Ltd.
Whitecap Industries, Inc.
Kinter (K International, Inc.)
Landes Inc.
Dorman
Others

The fierce competition in the cup holder market is shooting up in the sky due to large demand along with a wholesome of suppliers in the industry, thus the competition is fragmented.

In conclusion, it can be said that the cup holder market is promising in its nature itself, the market is set to increase in the anticipated future, with notable reckoning profits in the times to come.

What Strategies are the Key Players Adopting for Increasing their Share in the Cup Holder Market?

The classification of competition in the cup holder market is disintegrated and there is a presence of a large number of players in the market. Different companies embrace competitive and ever-evolving strategies to succour in the market and stay ahead of others.

The ever-rising demand encourages them to be innovative and economical to stand out from the competition and make themselves different from the competition. Here, is the strategy adopted by the automobile industry;

With the introduction of temperature control cup holders, everyone buying a new automobile wants this new feature as it keeps the beverage hot or cold as per the requirement.
The 360-degree spin technology has been a boon for people who are speed enthusiasts and want no hindrance while driving, let alone the issue of spillage.

Why will the Asia-Pacific Region Generate the Demand for Cup Holder Market?

The Asia-Pacific has a large demand for the cup holder market, as well as for beverages due to the development of lifestyle and increase in the standard of living. This will create a demand for cup holder due to the increase in usage by the consumer in the industry as well as the common man.

The income of families in developing nations are rising, people are moving from the countryside to the hustle and busy lives of the cities which directly impacts the consumption rate. As people are now growingly demanding the new styles and inclined towards more comfort while carting their beverages, thus increasing the demand which will inevitably raise the demand for a cup holder.

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How has COVID-19 Impacted the Growth of the Cup Holder Market?

The impact of the COVID-19 pandemic had a positive as well as negative impact on the cup holder market. While the sales of beverages for home deliveries increased in this period directly increasing demand for the cup holder market, but for the automotive market production stopped due to low or no sale in many regions due to the lockdown in these tough times.

At the initial phase of lockdown, the supply chain for the cup holder market was disrupted due to an exponential increase in the cases caused due to pandemic, but with the onset of time and government strategies to provide requirements started the market once again and gradually the sales sky-rocketed.

Key Segments of Cup Holder Market Covered in the Report

Based on the Raw Material:

Paper
Plastic
Metal

Based on the Number of Cups:

Single Cup
2 Cups
4 Cups
4 and above

Based on the End-Use Industry:

Food & Beverage
- Restaurants
  - Full service restaurants
  - Quick service restaurants
  - Catering Services
  - Others (Café, Pub, Bar, etc.)
- Online Food Delivery
Others (Hospitals, Schools, offices, etc.)

Based on the Region:

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

Grab and Go Containers Market Research Report 2022 – Global Forecast till 2029

“Grab and Go Containers Market: OverviewGrowing preference for takeaway and ready-to-eat food is evidential for the rapidly changing consumer eating habits, ultimately demanding more convenient, as well as cost effective means of food packaging, which in turn is expected to act as a driver for the grab and go containers market. ”

Grab and Go Containers Market: OverviewGrowing preference for takeaway and ready-to-eat food is evidential for the rapidly changing consumer eating habits, ultimately demanding more convenient, as well as cost effective means of food packaging, which in turn is expected to act as a driver for the grab and go containers market. Grab and go containers are both lightweight and are designed to hold both hot and cold food, which is expected to fuel the growth of the market.

Grab and go containers are generally single-use and can be recyclable, and are made with materials like plastic, which reduce the chances of food contamination. Moreover, their production is more cost effective as compared to non-disposable ones, as a result of which, more foodservice providers and consumers prefer grab and go containers.

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Grab and Go Containers Market: Dynamics

In recent time there has been a significant increase in the demand for on-the-go food. The possible reason can be increased the traveling time, as a consequence people prefer food packed in grab and go containers. Moreover, increase in people ordering food online is escalating the demand for grab and go containers. Increased consumption of fast food such as sandwiches, burgers, and fries are directly contributing to the growth of the grab and go containers.

Increasing awareness of people regarding health and hygiene is continuously driving the market. People prefer packaged food as compared to unpackaged open food. Changing consumer lifestyle, growing urban population, as well as changing eating habits across geographies have transformed the food delivery system. Consumers in a fast-pace environment are shifting their focus to on-the-go food items, these factors are expected to drive the growth of grab and go containers market.

Health concerns and growing awareness among the consumers has led to an increased awareness related to hygienic food packaging across the globe. The grab and go containers are made of plastics, styrofoam and even paper consists of inner lining made up of polystyrene rendering leak proof property to the product.

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The food packaged in polystyrene foam cups & bowls causes leaching of the styrene into the food which ultimately ends up in the human body upon consumption which may cause health-related issues to consumers. All these factors could hamper grab and go containers market in the coming years.

Grab and Go Containers Market: Regional Outlook

Geographically grab and go containers can be classified as North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa. Asia Pacific is anticipated to generate highest revenue in the grab and go containers market. This can be attributed to the growing population and rising demand from grab and go containers market. North America and Europe are anticipated to have positive potential in the grab and go containers market during the forecast period.

Grab and Go Containers Market: Key Players

Some of the key players in the grab and go containers are as follows:

Genpak LLC
Eco-Products Inc.
Anchor Packaging LLC
Sterilite Corporation

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Grab and Go Containers Market: Key Developments

The grab and go containers market have undergone acquisitions in the last few years. The ultimate aim is to tap into the potential of growing markets and cater to consumers with different needs, thereby extending the product portfolio. Some of the key developments in the grab and go containers market are as follow:

On 15 April 2016, Newell Brands, parent company of Eco-Products Inc. completed the acquisition of the Jarden group.

Grab and Go Containers Market: Regional Analysis Includes –

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

Grab and Go Containers Market: Segmentation

On the basis of product type, global grab and go containers market can be segmented as:

Cups
Bowls
Cans
Trays
Bottles
Deli Containers
Others

On the basis of materials, global grab and go containers market can be segmented as:

Plastic
PET
PE
PVC
Others
Paper

On the basis of end use, global grab and go containers market can be segmented as:

B2B
Food service Outlets
Educational Institutes
Corporate Offices
Healthcare Facilities
B2C (Retail)
E-commerce
Supermarket
Hypermarket
Convenience Stores
Others (Specialty Stores, etc.)

Sugarcane Based PET Bottles Market Poised to Expand at a Robust Pace Over 2019-2029

“This Sugarcane Based Pet Bottles market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. ”

Sugarcane Based Pet Bottles MarketThis Sugarcane Based Pet Bottles market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Sugarcane Based Pet Bottles market.

Sugarcane Based PET Bottles Market: Overview

Sugarcane based bottle is the biopolymer packaging solution which is manufactured from bagasse, the fibrous material left behind after extracting sugarcane juice. These bottles are recognized as ‘Green Polyethylene bottles’ which has zero harmful impact on the environment. The sugarcane is effectively capturing CO2 i.e., 1 kilogram of green plastic helps to remove approximately 3.09 kilograms of CO2 from the air.

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As the sugarcane based PET bottles are Bisphenol A (BPA) free, the demand for these bottles is consistently increasing across the world. The market of sugarcane based PET bottles is dynamic. With the technological advancement, key players are focussing on the manufacturing of non-toxic, and high strength sugarcane based PET bottles. These PET bottles consist of high resistance to breakage, hence increasing preference for sugarcane based PET bottles by the end-user is observed during transportation.

The demand for a safe and hygienic packaging solution for juice, milk, and other household products will lead to an exponential growth of sugarcane based PET bottles market during the forecast period.

Sugarcane Based PET Bottles Market: Dynamics

The driving forces for boosting the growth of sugarcane based PET bottles are fluctuating price of crude oil and high resistance to breakage. Additionally, the key factor responsible for increasing the demand of sugarcane based PET bottles is the increasing awareness about the negative impact of non-degradable plastic on the environment. Growing preference of sugarcane based PET bottles is witness among the end-users, as it is easily recyclable, and no carbon footprints are released in the environment.

The sugarcane based PET bottles market in increasing on the backdrops of increasing food and beverages sector. Leading beverages suppliers such as Coca-Cola are using sugarcane based PET bottles for packaging. About 30% of coke bottles in North America are manufactured from sugarcane. Besides this, increasing consumption of packed mineral water also creating lucrative opportunities for sugarcane based PET bottles market.

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To reduce pollution, many key players have started investing in finding an alternate solution for single-use plastic. Along with this, key regulations on plastic use and food contact material are responsible for new opportunities for the growth of sugarcane based PET bottles. For instance, the ban of ‘White Pollutant’ such as thermocol, and plastics in China results in a new market development of biodegradable sugarcane based PET bottles in the Asia Pacific.

Sugarcane Based PET Bottles Market: Regional Overview

The global market of sugarcane based PET bottles is lead by North America. It is witness that, the demand for sugarcane PET bottles is surging into the United States due to its strength and eco-friendly material source.

Along with this, potential growth of this market is expected in Canada. The Asia Pacific region is accounted for the fasted growing region and contributing to a significant boost for sugarcane based PET bottles market. The low production cost and abundant availability of raw material such as sugar and molasses in this region are the key success factors for flourishing this market. India and China are the leading markets in this region.

The demand for sugarcane based PET bottles is bolstering in Europe due to government regulations for using non degradable single-use plastics bottles. Lucrative opportunities for sugarcane based PET bottles market are expected in developed markets such as France and the U.K. In Latin America, Brazil is a mature market where steady growth for sugarcane based PET bottles is expected. On the other side, Mexico is the emerging market and exponential growth of the sugarcane based PET bottles market is estimated. In the Middle East and Africa region moderate growth for sugarcane based PET bottles is observed.

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Sugarcane Based PET Bottles Market: Key Players

The key players of sugarcane based PET bottles market are given below:

Raepak Ltd.
Maynard & Harris Plastics – RPC Group
Kaufman Container
VeganBottle
Pretium Packaging

Owing to the increasing demand among consumers and the benefits of using biodegradable PET bottles, it is witness that many new players are entering the market. This includes startups, small and medium scale industries, and other key players which contributes to significant revenue generation in the global market.

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Sugarcane Based PET Bottles Market: Recent Developments and Trends

On 7th February 2019, Pretium Packaging initiated biobased sports nutrition bottle line. The company is manufacturing bottles using sugarcane based polyethylene.
On 1st March 2018, RPC M&H Plastics won Innovative Showcase Award 2018 in Packaging Innovations at Birmingham for flexible tubes bottles manufactured from sugarcane biopolymer.
On 3rd December, a South Africa based company, Air Water Company initiated manufacturing of 100% biodegradable bottles manufactured from sugar cane fiber and polylactic acid. As per the Founder and CEO of AIrwater Mr. Ray De Vries, if sugarcane bottle is kept for decomposition, then the bottle will disappear in 150 days and will be converted into nutrients for the soil. Furthermore, is the sugarcane based PET bottle is burn then it will result into nontoxic energy fuel.
On 23 August 2018, a Brazil-based petrochemical company United Caps and Braskem have collaborated with United CAPS for manufacturing sugarcane based plastic closures for bottles.

The Sugarcane based PET Bottles Market 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
East Asia
South Asia
Middle East & Africa (MEA)

Sugarcane Based PET Bottles Market: Segmentation

The sugarcane based PET bottles market is segmented on the basis of product type, material, capacity, and end use, which is as follows:

On the basis of Product Type, the market is segmented as:

Flat Base
Tubular
Spherical
Others

On the basis of Material, the market is segmented as:

Sugar
Molasses

On the basis of Capacity, the market is segmented as:

Less than 50 ml
51 ml to 100 ml
100 ml to 250 ml
More than 250 ml

On the basis of End Use, the market is segmented as:

Food and beverages
Automotive
Pharmaceutical and Healthcare
Cosmetics
Others (FMCG)

Sugarcane Based PET Bottles Market Poised to Expand at a Robust Pace Over 2019-2029

Sugarcane Based PET Bottles Market: Overview

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Sugarcane Based PET Bottles Market: Dynamics

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Sugarcane Based PET Bottles Market: Regional Overview

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Sugarcane Based PET Bottles Market: Key Players

The key players of sugarcane based PET bottles market are given below:

Raepak Ltd.
Maynard & Harris Plastics – RPC Group
Kaufman Container
VeganBottle
Pretium Packaging

For Information On The Research Approach Used In The Report, Request TOC@ https://www.futuremarketinsights.com/toc/

Sugarcane Based PET Bottles Market: Recent Developments and Trends

On 7th February 2019, Pretium Packaging initiated biobased sports nutrition bottle line. The company is manufacturing bottles using sugarcane based polyethylene.
On 1st March 2018, RPC M&H Plastics won Innovative Showcase Award 2018 in Packaging Innovations at Birmingham for flexible tubes bottles manufactured from sugarcane biopolymer.
On 3rd December, a South Africa based company, Air Water Company initiated manufacturing of 100% biodegradable bottles manufactured from sugar cane fiber and polylactic acid. As per the Founder and CEO of AIrwater Mr. Ray De Vries, if sugarcane bottle is kept for decomposition, then the bottle will disappear in 150 days and will be converted into nutrients for the soil. Furthermore, is the sugarcane based PET bottle is burn then it will result into nontoxic energy fuel.
On 23 August 2018, a Brazil-based petrochemical company United Caps and Braskem have collaborated with United CAPS for manufacturing sugarcane based plastic closures for bottles.

Regional analysis includes –

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia
Middle East & Africa (MEA)

Sugarcane Based PET Bottles Market: Segmentation

The sugarcane based PET bottles market is segmented on the basis of product type, material, capacity, and end use, which is as follows:

On the basis of Product Type, the market is segmented as:

Flat Base
Tubular
Spherical
Others

On the basis of Material, the market is segmented as:

Sugar
Molasses

On the basis of Capacity, the market is segmented as:

Less than 50 ml
51 ml to 100 ml
100 ml to 250 ml
More than 250 ml

On the basis of End Use, the market is segmented as:

Food and beverages
Automotive
Pharmaceutical and Healthcare
Cosmetics
Others (FMCG)