Market Research Blog

Demand for industrial packaging in the Middle East and Africa is likely to remain robust owing to the improving situation of international trade. In addition, global trade of industrial products has grown three-fold over the past decade. Bio-chemical products and food-grade ingredients are amongst few of the most traded items around the world.

In the MENA region, the focus has recently shifted towards non-oil based industrial activities as the long-term dependency on crude oil business is gradually abating. Moreover, it is important to develop new business verticals in order to stay unaffected from the ongoing dwindles in the region’s oil and gas industry.

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As compared to other regions, non-oil goods and services have a significantly low contribution to the economy of the MENA region. Yet exports, especially non-oil exports are expected to be crucial in the further development of the robust and all-inclusive growth model to secure the future of the region.

End-use industry such as electronics, automotive, plastics & rubber, and agriculture in MENA are expected to witness a healthy growth over the medium term. This, in turn, is expected to support the growth of industrial packaging market in the region.

Future Market Insights (FMI) in its latest report reveals that the industrial packaging market in the MENA region stood at US$ 3,372.5 Mn in 2016 and is estimated to reach a valuation of US$ 5,053.0 Mn by 2024-end. Revenue from the sale of industrial packaging products in the region is expected to increase at a CAGR of 5.2% during the forecast period (2016–2024).

GCC and North Africa are identified as the key markets that account for more than 60% of MENA’s industrial packaging market. Further, the market in GCC is projected to expand at a relatively higher CAGR over the forecast period and present lucrative opportunities for industrial packaging product manufacturers in the region.

Plastic Remains the Top Material for Manufacturing Industrial Packaging Products

In 2016, plastic based industrial packaging products accounted for more than 50% of the revenue share of the market in the region. Plastic packaging is used across several industrial verticals owing to its durability and cost efficiency. However, demand for paper & paperboard-based packaging material is expected to gain a healthy traction over the forecast period.

Based on product type, intermediate bulk containers (IBCs) packaging accounted for more than 30% revenue share of the market in 2016. IBCs are reusable industrial containers classified in 2 types: Flexible IBCs & Rigid IBCs. IBCs are commonly used for the transportation and storage of liquid and granulated substances such as food ingredients, chemicals, solvents, and pharmaceuticals.

By end-use, nearly US$ 1104.9 Mn worth of industrial packaging is expected to be consumed by the chemicals & pharmaceuticals sector over the forecast period. In addition, chemicals and pharmaceuticals sector is the most significant end-user for industrial packaging in the MENA region.

MENA Industrial Packaging Market By Category

By Product:

• Plastic Pallets
• Drums
• IBCs (Totes)
• Sacks
• Pails
• Crates
• Tubes
• Bulk Boxes
• Other

By Material:

• Metal Industrial Packaging
• Plastic Industrial Packaging
• Paper & Paperboard Industrial Packaging
• Fiber & Wood Industrial Packaging

By Packaging:

• Rigid Industrial Packaging
• Flexible Industrial Packaging

By End-Use Industry:

• Agriculture
• Automotive
• Building & Construction

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Vendor Insights

Industrial packaging solution manufacturers are actively focusing on further enhancing their product offerings. Many of the companies are changing their raw materials in accordance with the shift of customers towards convenience packaging. International Paper, Time Technoplast Ltd., Mauser Group B.V, Grief, Inc., Balmer Lawrie & Co. Ltd., Clouds Drums LLC., and Gulf Plastic Industries Company are amongst some of the leading companies operating in MENA’s industrial packaging market.

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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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Oncology blood testing is a revolutionary diagnostic technique to detect cancer in early stages. For early detection of cancer, liquid biopsies have become a popular diagnostic tool. Unlike conventional invasive biopsies, liquid biopsies involve blood drawn from the body of suspected patient and is less invasive as compared to the conventional biopsies.  As cancer is a life-threatening, it has to be diagnosed in time and proper treatment should be given in order to be treated. A wide range of oncology blood tests are available in the market to screen cancerous cells in the blood. Some major types of blood tests for detection of cancer includes complete blood count test, blood protein test, tumor marker test, CTC – based test, non-invasive prenatal test, liquid biopsy assays, and exam-based liquid biopsy and thereby contribute majorly to the revenue generation in oncology blood testing market. Also, oncology blood testing find vast applications in early stage diagnosis of various life-threatening cancers including lung cancer, breast cancer, colon cancer, ovarian cancer and others. The latest research and advancements in human genome sequencing has enabled researchers to diagnose the genetic mutations of distinct cancers. The advanced human genome sequencing with the ability to detect cancerous cells in the blood volume is anticipated to generate large revenues in the oncology blood testing market. The liquid biopsies are done commercially but on a limited basis to detect and treat Stage III or Stage IV cancers. A large number of liquid biopsy tests are currently under clinical trials and would be commercialized soon in the coming years, fuelling the revenue growth in global oncology blood testing market. However, based on the end users, these oncology blood tests are performed largely in hospitals, diagnostic laboratories and specialty clinics.

Oncology Blood Testing: Market Dynamics

Increasing capability of early detection of cancer via oncology blood tests that enables instant treatment decisions, growing prevalence of cancer among people over the globe, increasing production of oncology blood testing assays and kits with capability of being efficient diagnostic tool for cancer detection in blood are some of the major factors expected to drive the growth of oncology blood testing market. Introduction of rapid and technologically advanced liquid biopsy assay, growing awareness about less invasive blood diagnostic tests and increased expenditure in oncology blood screening R&D activities is further propelling the growth of oncology blood testing market. Also, rise in demand for oncology blood testing in the hospitals and diagnostic laboratories is also expected to drive the growth of market. However, large number of diagnostic tools to detect cancer using blood sample are still under development and clinical trial stage, and are not available commercially, thereby restraining the oncology blood testing market growth.

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Oncology Blood Testing Market: Key Players

Some of the key players present in global Oncology Blood testing market are Guardant Health Inc., Trovagene Inc., Genomic Health Inc., Foundation Medicine Inc., Exosome Diagnostics, Pathway Genomics Corporation and others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

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Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic 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.

Oncology Blood Testing Market: Segmentation

The global oncology blood testing market is segmented by test type, application and end user:

Segmentation by Test Type

• CBC (Complete Blood Count) Test
• Blood Protein Test
• Tumor Marker Test
• CTC (Circulating Tumor Cells) – based Test
• NIPT (Non-Invasive Prenatal Testing) Test
• Liquid Biopsy Assays
• Exom-Based Liquid Biopsy

Segmentation by Application

• Lung Cancer
• Breast Cancer
• Colon Cancer
• Melanoma
• Ovarian Cancer
• Gastro-Intestinal Stromal Tumor (GIST)

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Segmentation by End User

• Hospitals
• Specialty Clinics
• Diagnostic Laboratories

Ultrasound Imaging is an essential diagnostic tool that utilizes high frequency sound waves to generate visual images of internal organs, blood flow or tissues inside the human body. The high frequency sound waves emitted out of an ultrasound device are transmitted to the affected area under examination. The transmitted waves after striking the organ surface returns back in form of eco and are received by the physician, thereby producing a dynamic live image of the focused organ. Unlike X-ray imaging, ultrasound imaging does not involve usage of any ionizing radiation or nephrotoxic contrast agents. In comparison with the other medical imaging modalities, ultrasound imaging is capable of providing real-time, cost-effective and non-invasive imaging that is done via easy-to-use, and portable device. Due to the rising prevalence of cardiac disorders and internal damage, ultrasound imaging solution market registers a robust growth. The ultrasound imaging find major applications in point-of-care diagnostics that enables immediate diagnosis of a disease, patient’s hemodynamic conditions and internal tissue damage. These imaging solutions are highly used in emergency rooms, ambulances and battlefield.

Based on the type of software, ultrasound imaging solution market has been categorized in to two different types including integrated software and standalone software. However, on the basis of imaging type, the ultrasound imaging can be performed as 2D, 3D/4D and Doppler imaging. Followed by application, ultrasound imaging being an elemental diagnostic tool used to evaluate, diagnose and treat different medical conditions, found large scale applications. Some of the major applications include cardiology, obstetrics & gynaecology, nephrology & urology, orthopedic, dental, oncology and radiology.

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Ultrasound Imaging Solution: Market Dynamics

Rise in prevalence of chronic diseases such as cardiovascular diseases and poor patient diagnosis imaging is driving the urgency to adopt ultrasound image analysis software so as to improve the disease diagnosis. Also, increasing geriatric population coupled with growing prevalence for cardiovascular diseases and high advantages over convention imaging techniques are some of the key factors driving the growth of ultrasound imaging solution market. The ability to generate high quality image and perform real time volumetric imaging is further boosting ultrasound imaging solution market across the globe. However, moving forward, the integration of these solutions while enhancing their diagnostic capabilities is expected to be a challenging task for ultrasound imaging solution market growth.

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Ultrasound Imaging Solution Market: Region-wise Outlook

On the basis of geography, global ultrasound imaging solution market is segmented into seven key regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan and Middle East & Africa. North America holds the largest revenue shares in the global ultrasound imaging solution market on the account of increasing footprint of developed pharmaceutical companies and increased launch of commercialized products. However, Asia-Pacific is anticipated to register the highest growth in ultrasound imaging solution market during the forecast period due to the rising healthcare expenditure and continual upgradation in infrastructure and technology. Also, Western Europe is anticipated to register a moderate growth in global ultrasound imaging solution market over forecast period.

Ultrasound Imaging Solution Market: Key Players

Some of the key players present in global Ultrasound Imaging Solution market are GE Healthcare, Philips Healthcare, MIM Software, Inc., Merge Healthcare Incorporated, Esaote SpA, Xinapse Systems Ltd, MIM Software, Inc., Spacelabs Healthcare, Inc. and others

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic 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.

Ultrasound Imaging Solution Market: Segmentation

The global Ultrasound Imaging Solution market is segmented on the basis of software types, imaging type, application, end user and region:

Segmentation by Software Type

• Integrated Software
• Standalone Software

Segmentation by Imaging Type

• 2D Ultrasound Imaging
• 3D/4D Ultrasound Imaging
• Doppler Imaging

Segmentation by Application

• Cardiology
• Obstetrics & Gynecology
• Nephrology & Urology
• Orthopedic
• Dental
• Oncology
• Radiology
• Others

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Segmentation by End User

• Hospitals
• Diagnostic Imaging Centers
• Ambulatory Surgical Centers

Glaucoma Therapeutics Market: Drivers and Restraints

The change in the lifestyle of people has resulted in the rise in the prevalence of glaucoma globally. Increasing prevalence of glaucoma is the primary factor driving the growth of glaucoma therapeutics market around the globe. Glaucoma is more prevalent among the people above the age of 60. Rising geriatric population thought the globe is also responsible for the robust growth of glaucoma therapeutics market over the forecast period. Increasing preference of physician towards the laser surgery for the treatment of glaucoma will propel the growth of glaucoma therapeutics market over the forecast period. Less awareness among the people about the glaucoma treatment will deter the growth of glaucoma therapeutics market to some extent. Moreover, lack of availability of skilled professional for laser surgery in under developing economies will also hamper the growth of glaucoma therapeutics market.

Glaucoma is the eye disease that damage the patient eye nerve optics. The formation extra fluid up in the front part of the eye results the damage to eye nerve optics. Glaucoma is of two type, primary open-angle glaucoma and angle-closure glaucoma which is also referred as closed-angle glaucoma or narrow-angle glaucoma. Open-angle glaucoma is the most common type glaucoma. Primary glaucoma gradually happens when the eye does not drain the fluids. This result the building of pressure on eye nerve optics. Open glaucoma causes no change in the eye vision and it is painless too. Closed-angle glaucoma happens very close to the drainage angle which results the blocking of drainage angle of eyesight. This is a very acute type of glaucoma.  This type of glaucoma may affect the vision of the patient and it may cause severe pain to the eye and the headache.  Glaucoma is generally treated with eye drops, pill, traditional surgery, laser surgery and sometimes the combination of these methods. The aim of glaucoma treatment is to avoid the vision loss of patient wherever if the vision of particular patient is already lost then it is irreversible by glaucoma treatment. Regular consumption of medication as prescribed by the physician is very necessary for the proper treatment of glaucoma.  The drugs of glaucoma have very fewer chances of effects which has increased it adoption the global market.

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Glaucoma Therapeutics Market: Overview

Glaucoma Therapeutics market is expected show exponential growth over the forecast period due to increasing prevalence of glaucoma throughout the globe. According to the journal published at NCBI, glaucoma is the leading cause of blindness among the people worldwide. By treatment type, medication eye drops segment will hold the maximum market share for the global glaucoma therapeutic market due to its high preference by the physician for medication during the early stages of treatment. Laser surgery is more preferred than tradition surgery by booth surgeon and the patients owing to the low risk of failure. By glaucoma type, closed glaucoma will dominate the maximum market share attributed to its more prevalence then open glaucoma.

Glaucoma Therapeutics Market: Key Players

Some of player across the value chain of Glaucoma Therapeutics market are Novartis AG, Allergan, Merck & Co., Inc., Akorn, Inc., Bausch & Lomb Incorporated, Teva Pharmaceuticals, Pfizer and Santen and others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic 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.

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Glaucoma Therapeutics Market: Segmentation

The global Glaucoma Therapeutics market is classified on the basis of treatment type, glaucoma type, and geographic region.

Based on treatment type, Glaucoma Therapeutics market is segmented into following:

• Eye Drops
• Medication
• Laser Surgery
• Traditional Surgery

Based on glaucoma type, Glaucoma Therapeutics market is segmented into following:

• Open-angle glaucoma
• Closed-angle glaucoma

FTIR, NIR and Raman spectrometers are very common in a majority of R&D facilities. Spectrometers are used to for a number of applications that include identification of bulk materials, checking contamination, ensuring intermediates are processing as expected and for confirming that the final product is within the required specifications. However, most of these spectrometers are confined to the lab as they are large but not portable. Thus, it would take at least two days for a sample to be sent to the lab, get processed and reports to be presented. With the introduction of the wireless handheld spectrometers the results can now be available almost instantly on a smart phone. A number of companies such as Phison Group (UPRtek), Carl Zeiss and Thermo Fisher Scientific offer a number of such wireless handheld spectrometers.

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Factors Driving the Growth of the Wireless Handheld Spectrometer Market

The need for quick results and potable systems is increasing the demand for wireless handheld spectrometer. For instance, the requirement of small handheld device that can scan substances and highlight the chemical composition in raw materials in the pharmaceutical and life science industry. This will reduce the considerable amount of time required for testing of theses substance in the lab. Significant technological advancements enable the development of low-cost devices. One of the major drawbacks of these devices is the limited range of test and sensitivity that may hinder the market growth to some extent.

Advancement in the Wireless Handheld Spectrometry through Handheld Mass Spectrometer

For all testing such as environmental testing, food testing, forensic testing, chemical analysis, and others, mass spectrometry is the best tool available. However, these devices are large and confined to the lab and thus may take a long time for the results to be available. BaySpec offers one such device called the Portability Transportable Mass Spectrometer. The device is small enough to be used in the field and yet offer ppb-level detection. MIT further has planned to develop a mass spectrometer of the size of a smart phone. Miniaturizing the mass spectrometer has a very large potential and will aid the market growth of the wireless handheld spectrometers.

Competition Outlook

Small-Scale Manufacturers/Providers	Medium-Scale Manufacturers/Providers	Large-Scale Manufacturers/Providers
Designs and Prototypes MIDAC Corp Grabner Instruments Surface Optics Corp GASMET technologies	Pasco Corporation Bruker Daltonics, Inc	Phison Group (UPRtek) Carl Zeiss Hamilton Sundstrand Applied Instrument Technologies Thermo Fisher Scientific

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Research Methodology

FMI/PMR utilizes a triangulation methodology that is primarily based on overall expenditure on life science research and R&D funding and capital equipment installed base to obtain precise market estimations and insights on life science and biotechnology associated products, technologies, applications and services. Bottom-up approach is always used to obtain insightful data for the specific country/regions. The country-specific data is again analysed to derive data at a global level. This methodology ensures high quality and accuracy of information.

Secondary research is used at the initial phase to identify the feasibility of the target products/technology categories and its respective segments, product and service offerings, equipment installed base in end use facilities, adoption rate and future impact of new technologies. Additionally, per capita consumption of kits, reagents and consumables among end users is tracked at a granular level to obtain the most accurate information. Each piece of information is eventually analysed during the entire research project which builds a strong base for the primary research information.

Primary research participants include demand-side respondents such as laboratory managers, procurement managers, research supervisors at academic and research institutes, as well as key opinion leaders in addition to supply-side respondents such as equipment and reagent manufacturers, custom solution and service providers who provide valuable insights on trends, research application of products and technologies, purchasing patterns, services offered and associated pricing.

By Product Type

• FTRI
• NIR
• Raman
• Others

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By Applications

• Material Chemistry
• Drug Discovery
• Life Science
• Forensic Science
• Environmental testing
• Food and Agriculture
• Others

By Region

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

Report Highlights:

• Shifting industry dynamics
• In-depth market segmentation
• Key competition landscape, market structure and regulatory scenario
• Availability of wireless handheld spectrometers
• key players and product offerings, sales, marketing and channel strategies,
• Regional and channel foot print
• A neutral perspective towards market performance in terms of market value

Veterinary Palliative Care refers to the effective treatment of pain and management of provisions for comfort care, most often for animals in their geriatric phase. Most of us are familiar with palliative care for humans, but as the pet ownership is increasing globally, the concept of Veterinary Palliative care is increasingly available for various animals. Veterinary Palliative care is often coupled with hospice care, which allows the owner of the pet to provide comfort care for a dying animal under the assistance of a veterinarian. The main focus of Veterinary Palliative Care is not to keep the animal alive, but to maximize the quality of their final days making sure the animals do not feel much pain.

Competition Outlook

Some of the key players identified in the Veterinary Palliative Care Management market are Pfizer, Zoetis, Intervet Inc., Eli Lilly and Company, Bayer AG, Boehringer Ingelheim GmbH, VIRBAC, IDEXX Laboratories, Merial, Ceva, Vetoquinol S.A. However, the increase in awareness about Veterinary Palliative care and medical advancements provide a global opportunity for various manufacturers.

Evolution of Palliative Care Management Market

Pet ownership in the US has tripled since the 1970’s and pet ownership has seen a tremendous growth globally in the recent years. Technological advances, medical advances and the dynamics of animal-human bond are combining to make veterinary palliative care even more important today.

Due to an increase in veterinary hospice services across various regions globally, more and more pet families are looking forward for ways to decrease pain and increase the quality of life for their pets turning towards veterinary palliative care management. Many pets globally are now reaching their geriatric phase, and like their human counterparts, they do experience pain as part of the aging process. Many of the owners are open to veterinary palliative care options.

Veterinary Medicine in Veterinary Palliative Care Management

Veterinary Medicine is considered an excellent tool for pain management in animals. Pain management is considered the central element of veterinary palliative care. It is done through combination of various drug and non-drug therapies. The possible pharmaceutical treatment in Veterinary Palliative Care is quite similar to what is used in humans: local anesthetics, steroids, opioids and non-steroidal anti-inflammatory drugs. Non-drug therapies like acupuncture and hydrotherapy can also be very effective.

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Regional Outlook

Geographically, the global market for Veterinary Palliative Care Management in classified into the following regions:- North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America, Latin America, Western Europe and Eastern Europe are expected to take a considerable share in the global Veterinary Palliative Care market as Pet ownership and financial expenditure on pets is one of the highest in these regions. Some of the fastest growing markets regionally in Palliative care are Asia Pacific, China and Japan.

Small-Scale Manufacturers/Providers

• Zoetis
• Merial

Medium-Scale Manufacturers/Providers

• IDEXX Laboratories
• VEtoquinol

Large-Scale Manufacturers/Providers

• Pfizer
• Eli Lilly and Company
• Bayer AG

Key data points covered in the report

The report covers exhaustive analysis on:

• Veterinary Palliative Care Management Market by Host, Type, Distribution Channel and Region
• Regional level market analysis of North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, China, Japan, Middle East & Africa by Host, Type and Distribution Channel segmentation
• Veterinary Palliative Care Management Market Dynamics & Opportunity Assessment
• Historical Actual Market Size, 2013 – 2017
• Veterinary Palliative Care Management Market Size & Forecast 2018-2028
• Veterinary Palliative Care Management Agents Current Trends/Issues/Challenges
• Competition & Companies involved

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Research Methodology

FMI utilizes a triangulation methodology that is primarily based on experimental techniques such as patient-level data, to obtain precise market estimations and insights on various Veterinary Palliative Care Management techniques. Bottom-up approach is always used to obtain insightful data for the specific country/regions. The country specific data is again analysed to derive data at a global level. This methodology ensures high quality and accuracy of information.

Opinions of key leaders, physicians, surgeons, nursing managers, clinical specialists who provide valuable insights on trends and clinical application of the drugs, key treatment patterns, adoption rate, and compliance rate are taken into consideration.

Quantitative and qualitative assessment of basic factors driving demand, economic factors/cycles and growth rates and strategies utilized by key players in the market is analysed in detail while forecasting, in order to project Year-on-Year growth rates. These Y-o-Y growth projections are checked and aligned as per industry/product lifecycle and further utilized to develop market numbers at a holistic level.

On the other hand, we also analyse various companies annual reports, investor presentations, SEC filings, 10k reports and press release operating in this market segment to fetch substantial information about the market size, trends, opportunity, drivers, restraints and to analyse key players and their market shares. Key companies are segmented at Tier level based on their revenues, product portfolio and presence.

Please note that these are the partial steps that are being followed while developing the market size. Besides this, forecasting will be done based on our internal proprietary model which also uses different macro-economic factors such as per capita healthcare expenditure, disposable income, industry based demand driving factors impacting the market and its forecast trends apart from disease related factors.

Segmentation

The Global Veterinary Palliative Care Management Market is segmented by:

By Host

• Companion Animals
  • Dogs
  • Cats
  • Horses
• Farm Animals
  • Ruminant Animals
  • Poultry Animals
  • Swine

By Type

• Drug therapies
• Local Anesthetics
• Steroids
• Opioids
• Non-Steroidal Anti-Inflammatory Drugs
• Non-Drug Therapies
• Acupuncture
• Hydrotherapy
• Physical therapy

By Distribution Channel

• Veterinary Hospitals
• Veterinary Clinics
• Veterinary Pharmacies
• Online Veterinary Stores

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By Region

• North America
• Western Europe
• Eastern Europe
• Latin America
• Asia Pacific
• China Japan

Global infrastructural development has reached newer heights in the last few years, with massive constructions – both residential and commercial – mushrooming across both Tier 1 and Tier 2 cities across the world. This has led to impressive growth of the global building and construction industry and as a consequence positively impacted revenues of ancillary industries. Plywood is an inherent component of the construction industry – being widely used in manufacturing readymade and customised furniture.

“Growth in global consumption of plywood is pegged to increase at a decadal rate of 4.6% to reach 164,402 cubic meters by the end of 2022. This growth is attributable to the continuous demand from end-use industries especially the furniture production industry.” — Future Market Insights

Future Market Insights (FMI) throws light on some of the key factors boosting revenues in the global market for plywood. Plywood finds increasing use across diverse applications ranging from furniture, flooring, and packaging of high-value goods. This is anticipated to boost sales of plywood in the global market, according to Future Market Insights forecasts. A growth in residential and commercial spaces across the world has further boosted the demand for readymade and aesthetically designed furniture, incorporating extensive use of plywood. With people opting for designer furniture, the demand for plywood from the furniture industry is already peaking and this is anticipated to augment revenues in the global plywood market.

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Besides, there is an increasing global phenomena promoting the use of wood and wood based products in the construction of both residential as well as commercial buildings. This trend is being supported by laws enforced at the administrative level. For instance, Japan’s “Act for Promotion of Use of Wood Products in Public Buildings, 2010” seeks to encourage the use of plywood in the construction sector. Global construction projects focusing on wooden skyscrapers such as the Oakwood Timber Tower are also expected to positively impact demand for plywood in the coming years.

Wood and wood based products such as plywood are eco-friendly in nature, encouraging the plantation of trees to meet the rising demand. Plywood and other ancillary wood products contribute to environmental protection. This is another factor acting in favour of the plywood market.

This study by FMI on the plywood market further identifies the growing importance of plywood in the global packaging industry as a key demand driver. “Plywood has enhanced mechanical strength besides being lightweight in nature. Plywood is also reusable and helps save on costs. This makes plywood the best packaging option for various types of products. With the current ban on plastic for product packaging, plywood is being increasingly adopted as a highly effective raw material to package different types of goods. This is expected to boost revenues in the global plywood market.”

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Key Companies Profiled

• Weyerhaeuser Company
• Boise Cascade Company
• Greenply Industries Limited
• Georgia-Pacific, LLC
• Uniply Industries Ltd
• JAYA TIASA HOLDINGS BERHAD
• UPM-Kymmene Oyj
• SUBUR TIASA HOLDINGS BERHAD
• Sveza-Les LLC

Lucrative Opportunities Lie in the African Timberlands for both Existing Players and New Market Entrants

The presence of vast expanses of land in Africa coupled with the overall low costs of maintenance and production in the region make Africa a very attractive choice for the growth of forestry and the manufacturing of wood products, particularly plywood. Manufacturers in the global plywood market are looking at lucrative growth prospects in the African continent, given the region’s huge natural timberlands and mature plantations. Harvesting of plywood in the African forests is both cost-effective and environment friendly. This is boosting the setting up of backward integrated units manufacturing plywood, hence creating highly lucrative opportunities for players in the global plywood market.

Massive growth of the global construction industry has resulted in the pumping in of huge infrastructure investments by both private sector and public sector enterprises. This is likely to broaden the horizon for regional manufacturers of plywood with endless possibilities for revenue growth.

Adoption of Plywood in Digital Printing Trending the Global Market

Plywood is increasingly finding application as a substrate in high-scale inkjet printing projects. Plywood is used as an alternative to aluminium and plastic sheets owing to its non-reflective nature. Digitally printed plywood serves as an excellent substitute for several outdoor applications such as fence and road signs, as it is highly durable. This is the latest trend dotting the global plywood landscape, pushing revenues in the global market.

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Key Segments Covered in Plywood Industry Research

By Grade :

• MR Grade Plywood
• BWR Grade Plywood
• Fire Resistant Grade Plywood
• BWP Grade Plywood
• Structural Grade Plywood

By Wood Type :

• Softwood
• Hardwood

By Application :

• Plywood for Furniture
• Plywood for Flooring & Construction
• Plywood for Automotive Interiors
• Plywood for Packaging
• Plywood for Marine Use
• Others

 

 

Future Market Insights (FMI) delivers key insights on the global metallic stearates market, in its upcoming outlook titled, ‘Metallic Stearates Market: Global Industry Analysis 2017-2021 and Opportunity Assessment 2022-2028‘. In terms of value, the global metallic stearates market is projected to register a healthy CAGR of 4.2% during the forecast period, due to various factors, regarding which, FMI offers vital insights in detail.

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The expanding rubber industry, globally, rise in the demand for PVC (polyvinyl chloride) and other types of polymers in end-use industries, increasing usage of metallic stearates in a variety of applications such as calendaring, crystalline film, ceramic, adhesives and sealants, medical devices, coated fabrics, roofing materials, and others are some of the factors accelerating the demand for metallic stearates in the market. There is extensive use of metallic stearates such as calcium and zinc in the rubber industry. The unique properties of metallic stearates such as low melting point, water repellency, lubricity, and hydrogen solubility make them useful for various purposes. These unique properties allow metallic stearates to be used in several applications. Additionally, metallic stearates are also used as dry lubricants in the plastic industry. In the polymer and plastic industry, metallic stearates are added to resin particles to facilitate lubrication.

Inorganic growth at a regional level enables companies to enhance their market presence and customer base, coupled with expanding technological capabilities and the need to achieve higher economies of scale. Through mergers and acquisitions, key players have increased their production capacity and market share, thus, increasing the new entry-level barriers in the market. Moreover, in various applications such as plastics and rubber, calcium stearates are used as lubricants in the development of resin-coated and for metal casting by the shell molding technique. Metallic stearates have significant usage as plastic stabilizers, lubricants, and mold release agents.

The global metallic stearates market is expected to witness a hike in volume, to approximately US$ 1,772,349 metric tons in 2018, driven by the increasing use of metallic stearates as acid scavengers and lubricants in various industries, along with advanced technology and increasing plastic production in developing countries, which is expected to surge revenue growth of the metallic stearates market.

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This metallic stearates market study covers the trends driving each segment, and offers analysis and insights of the potential of metallic stearates in specific regions. Based on region, the metallic stearates markets in China and North America are expected to dominate over the forecast period, followed by Western Europe. APAC is expected to register a high growth rate between 2022 and 2028 in the global metallic stearates market. China is expected to remain the largest market through 2028. China’s metallic stearates market accounted for 30.2% market share in 2017, and is expected to account for 30.3% market share by 2028.

In terms of volume, APAC is expected to register a significant CAGR during the forecast period. On the basis of product type, the metallic stearates market is segmented as zinc stearate, calcium stearate, magnesium stearate, aluminium stearate, and others (sodium stearate, berium stearate, etc.). The calcium stearate segment is expected to register the highest growth over the forecast period. On the basis of application, the metallic stearates market is segmented into polymers & plastics, rubber, pharmaceuticals, personal care & cosmetics, construction, paints & coatings, and others (paper, metallurgy, etc.). The polymers & plastics segment is likely to be the most attractive segment in the metallic stearates market during the forecast period. Amongst these above mentioned segments, the polymers & plastics segment is anticipated to occupy the largest market share of 32.6% by 2028 end.

The detailed profiles of key players are also included in the scope of the metallic stearates market study to evaluate their long-term and short-term strategies, key offerings, and recent developments in the metallic stearates space. Key players include Baerlocher GmbH, Akrochem Corporation, Dover Chemical Corporation, Faci S.p.A., Peter Greven GmbH & Co. KG, PMC Biogenix, Inc., Univar Inc., Sinwon Chemical Co., Ltd., PROMAX Industries ApS, Valtris Specialty Chemicals, and others.

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Key Segments Covered in Metallic Stearates Industry Survey

Metallic Stearates by Product Type

• Zinc Stearate
• Calcium Stearate
• Magnesium Stearate
• Aluminium Stearate
• Others (Sodium Stearate, Barium Stearate, etc.)

Metallic Stearates by Application

• Metallic Stearates for Polymers & Plastics Industry
• Metallic Stearates for Rubber Industry
• Metallic Stearates for Pharmaceuticals Industry
• Metallic Stearates for Personal Care & Cosmetics Industry
• Metallic Stearates for Construction Industry
• Metallic Stearates for Paints & Coatings Industry
• Others

Metallic Stearates Market by Region

• North America Metallic Stearates Market
• Latin America Metallic Stearates Market
• Europe Metallic Stearates Market
• East Asia Metallic Stearates Market
• South Asia & Pacific Metallic Stearates Market
• Middle East & Africa (MEA) Metallic Stearates Market

 

Demand for fertilizer additives is forecast to increase at a moderate 4.4% annually to US$ 1,445.8 Mn in 2028. Future Market Insights, a leading market research company, released a market intelligence report, presenting a comprehensive analysis of the fertilizer additives market on the basis of product type (anti-caking agents, dust suppressors, drying agents, and granulation agents) and application (Nitrogen, P205, K20, and others).

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Overall, sales growth of fertilizer additives will be driven by:

• Growing demand for food, translating into new technologies and improved fertilizers
• Increased emphasis on making fertilizers more efficient with high output
• Better performance and high crop yield
• Developing landscape for sustainable technologies in the agrochemical industry
• Stringency in regulations to keep soil and water pollution at bay

Anti-Caking Agents to Lead the Market

Anticaking agents segment is projected to create 1.3X incremental opportunity till 2028, currently being the largest product type category worth US$ 527 Mn. The trend is projected to continue through 2028, considering major demand from solid fertilizers. The increasing demand for anti-caking agent is mostly attributable to its key characteristic to prevent lump formations, making for easy packaging and transportation. Representing well over 55% share of the total market, in terms of value in 2022, anti-caking agent is also expected to witness major innovations in the form of eco-friendly anti-caking agents, by 2028.

“Popular N (Nitrogen) fertilizers will drive the revenue for fertilizer additives, contributing the largest demand share in the total fertilizer market. Moreover, being an important nutrient for crop production—directly influencing the amino acid composition of protein and nutritional quality of the subsequent yield, will positively translate in widespread adoption of N fertilizer. FMI predicts high adoption of fertilizer N in fruit production, oilseeds, fodder crops, horticulture to maintain high level of quantity and quality”- Principal Analyst, Chemicals, Future Market Insights

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Increasing demand for N fertilizer owing to its significant role in metabolic interactions in crops, globally is expected to open potential strategizing avenues for manufacturers, with a key critical focus on increasing crop nitrogen use efficiency to further enhance the crop quality, adds the analyst.

In the highly fragmented fertilizer additives market, Tier 1 players including Clariant AG, Arkema S.A., Kao Corporation and Koch Industries, Inc., among others hold nearly 80 percent of the total market share. With dominance well displayed by key players through an extensive product offering, FMI also underlines the critical role of organic and inorganic growth through strategic collaborations and mergers and acquisitions, across the value chain and its impact on formulating effective fertilizer additives. Whether it is Clariant AG’s agreement with SABIC and Huntsman Corporation or Arkema’s collaboration with Barrday, Inc and its expansion move in China, key players are projected to push their products in untapped markets through such joint ventures.

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Additional Takeaways from the Study

• FMI, in its report on global fertilizer additives market, spots high opportunity in granulating agents segment, considering its key function in production of fertilizers
• Stringent regulations focused at curbing air pollution would push dust suppressors’ sales
• The fertilizer additive market is likely to benefit from nanotechnology—in the form of nanoscale additives wherein nanomaterials could either be a micronutrient, fertilizer, supplement component or a binder/water retention material
• High pricing of fertilizer additives, lack of awareness, and government subsidies on conventional fertilizers could pose a challenge for market growth
• High growth agriculture-dependent economies including China and India to present lucrative growth opportunities for fertilizer additives manufacturers

For more insights on the global fertilizer additives market, reach out to the team of expert analysts at press@futuremarketinsights.com

 

A recent surge in demand for sodium bicarbonate is driven by the rising demand from several end-use industries, most importantly processed food, and pharmaceuticals. Also, requirements in flue gas desulfurization, leather, dyes, and detergents will contribute to growth, finds Future Market Insights (FMI) in a new study. According to the report, the market is forecasted to exhibit a 3.9% CAGR through 2031.

Globally, the sodium bicarbonate market is driven by demand from processed food and pharmaceutical production sectors. Food grade and technical grade offerings are expected to hold major market share owing to extensive scope of use in several the end use sectors. Together, these grades of sodium bicarbonate are estimated to account for more than two thirds of the volume share.

Sodium bicarbonate is a crystalline powder that has a color range from white to light brown. It is manufactured in different forms including liquid, powder, and slurry. There are different grades of sodium bicarbonate available for pharmaceutical, food, feed, and technical applications.

Some of the leading applications include food and beverages, pharmaceuticals, personal care products, chemicals, agrochemicals, fire extinguishers, dyes, and water treatment. Also, the non-toxic nature of the material has been a crucial factor for growth in the global market.

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Key Takeaways from Sodium Bicarbonate Market Study

• Driven by rising demand in food and beverage applications, the sodium bicarbonate is projected to surpass a valuation of US$ 2.3 Bn by 2031.
• Pharmaceutical based sodium bicarbonate is expected to witness positive growth owing applications in API, excipients, and in hemodialysis solutions.
• China is one of the fastest growing regional markets owing to the strong presence of end use industries and low raw material costs.
• Powdered sodium bicarbonate is projected to hold a greater market owing to superior user convenience.
• Germany’s contribution towards the European market will continue rising, trailed by France and the U.K.

“End-use industries are focusing on the procurement of high-quality and cost-efficient sodium bicarbonate to improve product performance and profit margins, which will play key roles in market developments through the end of the assessment period in 2031” said a lead analyst at FMI.

Sodium Bicarbonate Market: Participant Insights                                  

Market leaders in the moderately fragmented sodium bicarbonate market are largely focused on strategic expansions, providing high quality products, strengthening their product portfolios and developing stronger distribution partnerships.

Key manufacturers in the Sodium Bicarbonate market, include but are not limited to Solvay SA, Merck KGaA, Nirma ltd., Tata Chemicals Ltd., GHCL ltd, Ciech SA, DCW ltd., Seqens group, Tosoh Corporation, Hawkins, Inc., Vitro and Church & Dwight Co., Inc.

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Sodium Bicarbonate Market by Category

By Grade Type

• Pharmaceutical Grade
• Technical Grade
• Food Grade
• Feed Grade

By Form

• Powder
• Pellets
• Slurry
• Liquid

By End Use

• Processed Food
• Pharmaceuticals
• Personal Care Products
• Chemicals
• Agrochemicals & Nutrients
• Detergent
• Fire Extinguisher
• Leather & Dyeing
• Others

Region

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

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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.