Nanotechnology for food packaging Market Key Players – Valentis Nanotech, DuPont USA, Nanocor, (AMCOL International), Inmat, Bayer AG, Ecosysthetix

The last decade has observed an exponential growth in packaging and food sector in both developed and developing countries. Food is an edible substance which we usually get from animal or plant and contains necessary nutrients including proteins, carbohydrates, minerals, fats, and vitamins to assist life, energy, and growth. Food is a perishable commodity and hence contamination and degradation of food can occur at any stage of the food chain. It can be chemical, physical or biological. The presence of infectious organisms in food can result in food poisoning, which can be fatal, particularly for children, pregnant women, and elderly persons. Hence, it is highly crucial that the food must be protected at all levels by using good quality of packaging material, which is safe, cost-effective and non-toxic.Gain complete access to the report @ https://www.futuremarketinsights.com/reports/nanotechnology-for-food-packaging-market

Nanotechnology: A Boon to the Food Packaging Industry

The concept of nanotechnology was first introduced by Richard Feynman in 1959, and the term was later coined by Norio Taniguchi in 1974. Nanotechnology comprises of fabrication, characterization, and manipulation of molecules of nano-range (1-100 nm). This technology deals with nano-systems and nanomaterials. Nanomaterials are defined as materials with some dimension on the nanoscale, and these are classified into three categories – nanofibers, nanoparticles, and nano-plates. Nanotechnology has multiple application areas such as packaging, nano-electronics, biomedical, security sensors, paints, textile, cosmetics, medical and healthcare, paper, construction, explosives & weapons and lubricants among others. Active packaging is designed to stop the growth of microbes once the packaging is opened by the customer and rewrapped with an active portion of the package. In the food industry, nanotechnology can be used to detect the presence of bacteria and microbes in packaging or to increase barrier properties.

Nanotechnology Applications in Food Industry:

As nanotechnology is the science of tiny particles that have a great impact on food packaging industry. There are various nanomaterials available in the market including titanium nitride nanoparticle, silver nanoparticle and nano-zinc oxide, nano-clay and nano-titanium dioxide are presented as functional additives for the food packaging industry. Nanotechnology driven food packaging market has been divided as follows:

Active packaging:

The use of nanomaterials is beneficial to interact directly with food to provide better protection to the product. Some nanomaterials such as nano-silver, nano-titanium dioxide, nano-copper oxide, carbon nanotubes and nano-magnesium oxide can provide antimicrobial properties.

Improved packaging:

To improve humidity resistance of packaging, temperature, and gas barrier, nanoparticles are combined with polymer chain as well as, temperature, humidity resistance of packaging. The United States Food and Drug Administration has approved the use of nano-composite in contact with food.

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Smart/Intelligent packaging:

This is designed for sensing microbial or biochemical changes in the food. It can detect the development of pathogens in the food. Some smart packaging has been developed to use as a tracing device for food safety. Currently, British Airways, MonoPrix supermarket, and Nestle are using chemical sensors, which can quickly detect color change.

Benefits:

Nano-sensors which are used in food packaging industries include electronic noses, nano-particles based sensors, nano-cantilevers, array biosensors, nano-test strips and nanoparticle in solution. Packaging with nano-sensors is helpful to identify internal and external conditions of food, and containers throughout the supply chain. Also, in plastic packaging, nano-sensors can detect gases in food when it spoils and as a result packaging changes the color to alert the consumer.

Films, which are packed with silicate nano-particles can lessen the flow of oxygen into the pack and leaking of moisture out of the pack. As a result, it protects the package from spoilage. Packaging waste associated with processed food can be reduced by nanotechnology and hence assist the preservation of fresh food.

Nanotechnology is used to produce smart packaging for extending the shelf life of a product and the product can be transported further. The antimicrobials and nano-sensors are developed in smart packaging to detect spoilage of food and release nano antimicrobials to extend shelf life. It helps supermarkets and hypermarkets to keep food fresh for longer period.

Research Methodology:

The sources which have been used to validate the estimated market size include annual reports of key market players, industry journals & magazines, research papers, and other relevant data available in the public domain.

nanotechnology for food packaging market 0

Market Players:

Players operating in global nanotechnology for food packaging market are:

  • Valentis Nanotech
  • DuPont USA
  • Nanocor, (AMCOL International)
  • Inmat
  • Bayer AG
  • Ecosysthetix
  • Mitsubishi Gas Chemical Company, Inc.
  • Honeywell International Inc.
  • AdvanSix
  • Dong Yang Chemical Co., Ltd.

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.

Segmentation:

The nanotechnology for food packaging market has been segmented as follows:

On the basis of packaging type, the nanotechnology for food packaging market has been segmented as:

  • Active
  • Improved
  • Smart/Intelligent

On the basis of material type used, the nanotechnology for food packaging market has been segmented as:

  • Titanium Nitride Nanoparticle
  • Silver Nanoparticle
  • Nano-Zinc Oxide
  • Others

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Report Highlights:

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

Peelable Lidding Films Market Key Players – Rockwell Solutions Limited (Sappi Group), Lindamar Industries, Toray Plastics (America), Inc., Bemis Company, Inc., NatureWorks LLC., Amcor limited,

Peelable lidding films are glossy, transparent, have high burst strength, and have thermal resistance properties. Conventional applications of peelable lidding films included medical devices packaging, as they are easy to open and highly preferred for an emergency situation. Later, with modification in the polymers, they were processed in such a way that they could be used as a packaging material for different food products.Gain complete access to the report @ https://www.futuremarketinsights.com/reports/peelable-lidding-films-market

Convenient features of peelable lidding films increase its preference from consumers end. These films have oxygen barrier property. Therefore, they form a protective layer and also extends the shelf life of food products. Peelable lidding films can be microwaved, chilled or frozen. Thus, they are used for different end use such as food industry, pharmaceuticals industry, cosmetics & personal care and others.

Peelable lidding films market: Dynamics

Peelable lidding films maintain color, flavor, texture, and the taste of the food products. Also, they have hot tack and heat seal strength. Therefore, these films can be used as a packaging film for ready meals. These advantageous features of the peelable lidding films make them suitable to be used as packaging material for the food industry. The food industry consumes more than 65% of peelable lidding films. Peelable lidding films are easily cleanable, reclosable and have great preservation properties. Thus, they are used as packaging film in the pharmaceuticals industry.

Leading players of peelable lidding films market are majorly focusing on enhancing features of the films and working on cost optimization. In July 2014, DuPont and Reifenhäuser Group collaborated in order to increase the efficiency of peelable lidding films and to reduce the cost of the film. These peelable packaging films are used for packaging fat and meat juice. Earlier the lidding films were used with LDPE sealing layer, after collaboration, these films are made up of PET-based DuPont Appeel sealant resin that has high-fat barrier property, perforation resistance, has a glossy appearance and is transparent. The new peelable lidding films has enhanced features and has reduced the cost, by eliminating the additional polyolefin lamination film.

In 2015, Rockwell Solution limited launched laser perforated peelable lidding films for ready meals. The company is a key player in the peelable lidding films market, produces Polylactic Acid (PLA) peelable lidding film, and further focuses on manufacturing anti-fog high clarity peelable lidding films.

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The global peelable lidding films market methodology is described below:

global peelable lidding films market

Tier Analysis: Peelable lidding films market

Tier 1 analysis: The leading players of peelable lidding films market are Rockwell Solutions Limited (Sappi Group), Lindamar Industries, Toray Plastics (America), Inc., Bemis Company, Inc., NatureWorks LLC., Amcor limited, 3M Company and others

Tier 2 analysis: The mid-level players of peelable lidding films market are Plastopil Hazorea, Wipak Walsrode GmbH & Co. KG, Clifton Packaging Group Limited, Golden Eagle Extrusions Inc., RPC bpi protect, KWH Plast Schur Flexibles Ltd, Reifenhäuser Group and others.

Tier 3 analysis: The emerging players of peelable lidding films market are Guangdong Lihong Packaging Co., Ltd., Lynnpak Packaging Ltd., Cosmo Films Ltd and others.

Peelable lidding films market: Regional Overview

The global peelable lidding films market has been divided into seven key regions –

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

In terms of value and volume, the European region is expected to lead the overall peelable lidding films market. In Asia Pacific region peelable lidding films market is expected to expand at a CAGR of 7.2%, during the forecast period. Manufacturers in North American region are majorly focusing on collaboration activates to enhance the properties of peelable lidding films.

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.

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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.

Peelable lidding films market: Segmentation 

The peelable lidding films market is segmented into material type, end use and application type.

On the basis of material type, peelable lidding films market is segmented into:

  • Polyethylene terephthalate (PET)
  • Polyethylene (PE)
  • Low density polyethylene(LDPE)
  • High Density polyethylene(HDPE)
  • Polyester (PS)
  • Polypropylene(PP)
  • Polylactic acid (PLA)
  • Aluminum
  • Others

On the basis of end use, peelable lidding films market is segmented into:

  • Food & beverage industry
  • Pharmaceuticals
  • Cosmetics and personal care
  • Homecare
  • Others

On the basis of application type, peelable lidding films market is segmented into

  • Trays
  • Bowls
  • Cups
  • Cans & bottles
  • Containers
  • Jars
  • Others

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Report Highlights:

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

Chilled Beam System Market Competitive Growth Strategies Based on Type, Applications, End User and Region

In 2020, chilled beam systems market experienced decelerating sales due to the COVID-19 outbreak. However, FMI projects a positive demand outlook as the market experienced year-over-year growth at 3.9% between 2020-2021 with sales projected to reach 175’000 units during the forecast period.

In addition, development of smart cities, healthcare facilities, and renovation of residential and commercial spaces are expected to propel market growth in emerging economies such as India, China, Mexico, and Brazil.

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Growing demand for energy-efficient and cost-effective cooling systems across various infrastructural projects is driving sales in the global chilled beam system market. Future Market Insights (FMI) in its recent market survey projects the market to expand at a steady 5.5% CAGR over the assessment period 2021 to 2031.

Product customizations in chilled beam systems, along with establishments of robust aftersales market services will continue facilitating growth, as the market reached a valuation of US$ 308.5 Mn in 2021.

As per FMI’s regional market survey, the U.S. is anticipated to dominate the North America chilled beam systems market. Being a relatively new ventilation concept, adoption of chilled beam systems is expected to grow at a steady pace. Apart from this, expansion of residential, corporate, and healthcare infrastructure will continue spurring demand for chilled beam systems in the U.S.

“Growing demand for energy-efficient solutions in construction projects, coupled with advanced after-sales services offered by chilled beam system market players, will create attractive prospects for the expansion of the global chilled beam systems market,” says the FMI analyst.

Key Takeaways:
  • Based on product type, concealed chilled beam systems are projected to dominate the segment.
  • In terms of design, sales of standard chilled beam systems are anticipated to remain high through 2031.
  • Corporate offices will account for maximum applications of chilled beam systems in the forthcoming years.
  • The U.S. is anticipated to lead the chilled beam systems market due to growing demand for energy-efficient ventilation solutions in the country. FMI projects the North America chilled beam systems market to grow at a 5.6% CAGR.
  • The U.K. is expected to exhibit high demand for chilled beam systems, owing to rapid expansion in the hospitality and education sectors. The European chilled beam systems market is projected to expand at a 5.3% CAGR.
  • Being one of the key exporters and producers of chilled beam systems, Germany will emerge as a lucrative market during the forecast period.
  • Rapid development of smart cities and increasing adoption of modern cooling systems in India will place it as an attractive market through 2031.
  • South Korea and Japan will collectively account for 9% of the total market share.

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Key Segment:

By Product Type: 

  • Concealed
    • Active
    • Passive
    • Multiservice
  • Exposed
    • Active
    • Passive
    • Multiservice
  • Recessed
    • Active
    • Passive
    • Multiservice

By Design Type:

  • Standard
  • Customized

By End-User Type:

  • Educational Institutions
  • Healthcare Facilities
  • Corporate Offices
  • Hotels/Restaurants
  • Other Institutions (Military, Residential, Industrial, etc.)

By Region:

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

Compititive Landscape:

As per FMI’s market analysis, top 5 players operating in the chilled beam systems market comprise SAS International Limited, Lindab International AB, Halton Group, Trox GmbH, and Caverion Corporation, holding 58.5% of the total market share.

Prominent players operating in the chilled beam systems market are emphasizing strategic collaborations and partnerships to expand their global footprint. Apart from this, product portfolio expansion and robust aftersales services will remain key growth strategies among leading players. For instance:

  • In August 2021, Johnson Controls, a global leader in smart and sustainable building solutions, announced a strategic collaboration with Apollo Global Management, a leading global asset manager, to provide sustainable and energy-efficient solutions various sectors to address decarbonization and high operational costs in buildings.
  • In July 2021, Caverion Corporation acquired GTS Immobilien GmBH, a leading building automation service provider in Austria. Through this acquisition, Caverion is aiming to strengthen its market position in smart technologies and building automation solutions for diverse end-uses.

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Key Players:

  • Swegon AB
  • Barcol Air Group AG
  • MADEL Air Technical Diffusion S.E.
  • Dadanco Europe
  • TROX GmbH
  • Emco Bau- und Klimatechnik GmbH & Co. KG
  • LTG Aktiengesellschaft
  • Roccheggiani S.p.A
  • FTF Group
  • Johnson Controls International Plc
  • Lindab International AB
  • Caverion Corporation
  • Halton Group
  • Mestek, Inc.
  • FlaktGroup
  • Price Industries Inc.
  • NuClimate Air Quality Systems, Inc.
  • SAS International
  • Nijburg Industry Group.

Produced Water Treatment Systems Market to amplify at a compound annual growth rate (CAGR) of over 6% during the forecast period

Future Market Insights (FMI) offers an overview of the key technologies used in produced water treatment systems in its research report. The report titled, “Produced Water Treatment Systems Market: Global Industry Analysis and Opportunity Assessment 2014-2020, forecasts the market to amplify at a compound annual growth rate (CAGR) of over 6% during the forecast period.

FMI has segmented the produced water treatment systems market on the basis of technology into primary, secondary, and tertiary.

Primary treatment technologies employ basic, such as settling, media filtration, floatation, and biological aerated filtering to separate solids from water. According to FMI’s research, Alderley plc is one of the dominant players in the primary treatment technologies.

Secondary treatment technologies involve the use of induced gas floatation, degasser, and membrane separation. Twin Filter BV is a dominant company providing secondary treatment technology in the market.

Tertiary treatment technologies involve the use of absorption and polishing to separate oil content in produced water. These technologies use a combination of technologies to treat produced water. According to FMI, ProSep, Inc. is the dominant player in tertiary treatment technology.

FMI has analysed the produced water treatment systems market in North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

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North America is the most lucrative region in the global produced water treatment systems market, accounting for nearly one-third of the global market revenue. In terms of CAGR, the North America produced water treatment systems market is expected to expand at over 8% during the forecast period 2014-2020.

In terms of market share, North America is expected to gain 590 BPS during the forecast period. FMI’s analysis revealed that although all three technologies are widely used in North America, tertiary technology was the largest in terms of market revenue, accounting for US$ 574 Mn in 2014. FMI expects the tertiary technology segment to expand at a double-digit CAGR during the forecast period.

Tertiary technology is more effective than both primary and secondary technology, owing to which it is being widely adopted by end-use industries. The tertiary technology segment of North America is expected to gain a whopping 1310 BPS during the forecast period.

Onshore crude oil industry in North America represented 49.14 Bn barrels or nearly 80% of produced water in 2012. FMI expects this to reach 116.29 Bn barrels by the end of 2020.

Asia Pacific is the second largest market for produced water treatment systems after North America. The Asia Pacific produced water treatment systems market was worth US$ 960 Mn in 2014; FMI expects it to expand at a CAGR of over 4% during the forecast period 2014-2020.

FMI has segmented the competitive landscape of global produced water treatment systems market into treatment systems, mobile systems and rental service, and commissioning and consulting services.

Leading players in the treatment systems include Siemens Water Technologies, Alderley plc, Frames, Aker Solutions, Aquatech, Schlumberger, FMC Technologies, Veolia, Cetco, Eco-Tec, Thermoenergy, Ecosphere, MIOX, Ovivo, and Global Water Engineering.

Most of these companies are focusing on their USP to consolidate their position in the market. For example, Siemens is focusing on advanced biological wastewater treatment, whereas Aquatech is pushing low CAPEX and OPEX biological processes. Aker Solutions is aiming to appeal to end-use industries by providing end to end engineering solutions, whereas Veolia is known for its offshore produced water expertise.

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Key Segment

By Capacity (thsnd bl/day)

  • Less than 100
  • 100 to 500
  • Above 500

By Technology

  • Primary
  • Secondary
  • Tertiary

By Application

  • On Shore
  • Off Shore

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By Region

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

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.

Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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Bio-plastics Market Key Players – BASF SE, Arkema, DSM NV, E. I. du Pont de Nemours and Company, Evonik Industries

Future Market Insights (FMI), in its latest report titled, “Bio-plastics Market: Global Industry Analysis and Opportunity Assessment 2014 to 2020”, estimates that the global bio-plastics market is expected to account for US$ 43.8 Bn by 2020, registering a CAGR of 28.8% during the forecast period. A growing beverage packaging industry, government support for adopting bio-based materials, and rising consumer acceptance for bio-plastics are expected to contribute to the growth of the global bio-plastic market over the forecast period.

In terms of materials, the global bio-plastics market is segmented as bio-PET, bio-PE, bio-PA, bio-degradable polyesters, PLA & PLA blends, starch blends, PHA and others. Currently, the bio-PET material segment dominates the bio-plastics market, and was estimated to be US$ 5.6 Bn in 2014. This segment is expected to reach US$ 29.1 Bn by 2020, with a momentous CAGR of 31.4% for the forecast period. Moreover, an increasing demand for bio-plastics from the beverage packaging industry and effectiveness of bio-plastics in one-time use application has driven the demand for the bio-PET in the last few years.

On the basis of application type, the bio-plastics market is segmented as bottlers, other packaging, food-services, agriculture/horticulture, consumer products, automotive and others. Among all the afore mentioned applications, bottles segment is expected to dominate the market with 34.4% of the total revenue share by 2020. However, automotive segment is anticipated to exhibit the second highest CAGR of 27.5% as compared to other applications during the forecast period. Additionally, influx of new entrants is predicted to fuel the growth of others application segment, thereby accounting for 5.0% market share by 2020.

Key regions considered for this market study include North America, Europe, Asia Pacific and RoW (Rest of the World). Asia Pacific represents the most lucrative market, followed by North America. Asia Pacific is expected to contribute 33.7% market share to the overall bio-plastics market by 2020. The growth of Europe is supported by the strong influence of regulatory framework and awareness regarding greener products through various media among the consumers.

Assessing the various factors driving this market, a FMI lead analyst, said, “Increasing consumer awareness regarding benefits of greener products, strict regulations to incorporate bio-based products in automotive & packaging, and increasing investments by local companies are expected to fuel the demand for global bio-plastics market.”

Key players in the global bio-plastics market are BASF SE, Arkema, DSM NV, E. I. du Pont de Nemours and Company, Evonik Industries, NaturePlast, NatureWorks LLC, RTP Company, Techno polymer Co. Ltd. and Toray Industries Inc.

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Key Segments Covered

Material Type:

  • Bio-PET
  • Bio-PE
  • Bio-PA
  • Bio-degradable Polyesters
  • PLA & PLA Blends
  • Starch Blends
  • PHA
  • others (Durable Starch Blend, Bio-TPE, Bio-PUR, Bio-PC, Cellulose Derivatives and PCL)

Applications

  • Bottle
  • other packaging
  • food-services
  • agriculture/horticulture
  • consumer products
  • automotive

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Key Geographies Covered

  • North America
  • Europe
  • Asia Pacific
  • RoW

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.

Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Website: https://www.futuremarketinsights.com/

Biobased Biodegradable Plastics Market Key Companies, Opportunity, Segmentation, Application, Development Trends and Competitive Analysis

Biobased Biodegradable Plastics Market: Drivers & Trends
Key driving factors identified in the biobased biodegradable plastics market are regulatory framework for safe waste disposal and management, implementation of environmental conservation initiatives by government and various institutions, and efforts by manufacturers to reduce dependency on crude oil derived products.Some of the restraining factors identified in the market are low awareness of the consumers and relatively low durability of these plastics as compared to conventional plastics.The key trends identified in the global biobased biodegradable plastics market include increasing utilization of these plastics in packaging applications, bottles and food service disposables manufacturing.

Biobased biodegradable plastics are derived from natural resources and can be safely disposed or recycled. Global consumption of plastics was valued at 31.1 million tonnes in 2014 and in the same year, biodegradable plastics constituted a miniscule share of approximately 0.21%.Globally, consumption of biobased biodegradable plastics is projected to reach from 665.7 thousand tonnes in 2014 to 1,356.9 thousand tons in 2020 at a projected CAGR of 12.6% during the forecast period.

Biobased Biodegradable Plastics Market Analysis by Product Type
Polyester, starch blends and PLA collectively accounted for approximately 88% of the total biobased biodegradable plastics consumption in 2014 globally and are anticipated to remain the largest product segments by 2020. All other product types are collectively projected to grow at CAGR of 13.8% during the forecast period in terms of volume.

Biobased Biodegradable Plastics Market Analysis by Application
Packaging application constitutes the largest application segment of biobased biodegradable plastics market. In terms of volume, it is projected to grow 2X by 2020 from 2014. In 2014, the volume share of packaging application was valued at nearly 65% of the total market and is expected to remain the largest application segment over the forecast period. All other application segments on the basis of volume are collectively projected to exhibit a CAGR of 12.5%.
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Biobased Biodegradable Plastics Market Analysis by Geography
Western Europe is the largest market for biobased biodegradable plastics globally and accounted for about 44% of the global biobased biodegradable plastics consumption across the globe in 2014. In terms of consumption, the region is followed by North America, Asia Pacific, Latin America, Eastern Europe, Japan and Middle East & Africa.In terms of consumption volumes, developed economies are collectively projected to grow at CAGR of 11.2% while developing economies are altogether projected to grow at CAGR of 15.4% during the forecast period.In terms of revenue, the global market is projected to increase by 2.8X from 2014 to 2020. Developed economies are projected to account for 62% share in the total incremental revenue opportunity over the forecast period representing a revenue CAGR of 16.5% during the forecast period.

Global average pricing of biobased biodegradable plastics is expected to witness an increasing trend over the forecast period owing to certain factors such as varying capacity utilization rates across geographies, increasing energy costs resulting in increased production cost and supply-demand gap across geographies.

Key Segment

On the basis of product type

polyester
starch blends
poly lactic acid (PLA)
cellulose
polyhydroxyalkanoate (PHA)
other biobased biodegradable plastics

On the basis of application

packaging
fibres
healthcare
agriculture
others

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On the basis of region

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

Transformer Monitoring System Market Forecast To Register 10.1% CAGR During 2021-2031

The transformer monitoring system market exhibited year-on-year growth of 10.9% in 2021, backed by increasing adoption of green transformers leading to up-gradation of associated monitoring system and growing emphasis on improving reliability of power grid. FMI states that, transformer monitoring system market revenue grew by 8.5% between 2016 and 2020. It is predicted that sales revenue will reach US$ 2 billion in 2021 with an astronomical CAGR of 10.1%.

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Green transformers are gaining popularity due to its low carbon footprint and high efficiency and reliability. To monitor these new transformers retrofit installations are required. Increasing renewable energy penetration and rising sales of green transformers will accelerate the demand for retrofit transformer monitoring system in upcoming years.

According to International Energy Agency, global electricity consumption reached 22,848 TWh in 2019. China, India, Russia, and Brazil account for more than 39% of global consumption. Rise in electricity consumption in developing countries will boost the market sales over the forecast period.

Top manufacturers are striving to reduce the installation cost of the monitoring system and make them more reliable and accurate. However, unpredictability in terms of regulatory policies and strained supply chain system are the key challenges influencing the global market for transformer monitoring systems.

Key Takeaways from FMI’s Transformer monitoring system Market Study
  • North America transformer monitoring system market will exhibit stupendous growth at 10.6% CAGR through 2031, due to rapid industrialization, growing necessity to upgrade monitoring system with respect to transformers in U.S. and Canada.
  • Europe transformer monitoring system market led by Germany is forecast to grow at 7.6% CAGR during the forecast period. Rise in growth can be attributed to rising adoption of green transformers and presence of leading manufacturers in the region.
  • Incorporation of modern monitoring system to tackle power outage and related issues in urban area will drive the demand for transformer monitoring systems in India.
  • Japan and South Korea account for 3% of global transformer monitoring system market share in 2021. Increasing need to monitor large and complex power network and high demand of retrofits installation are key growth drivers in these countries.
  • By product type, software segment is projected to surpass the market valuation of US$ 277 at a CAGR of 10.3% in 2021. Advancement in big data analytics and introduction of internet of things (IoT) in monitoring system will drive the market growth of this segment.

“It will be interesting to see how modernization in electricity transmission system will influence the demand for transformer monitoring system during the forecast period. Rising necessity to upgrade monitoring system to comply with green transformers will boost the market growth in upcoming years,” says the FMI analyst.

Who is Winning?

Future Market Insights highlights the key trends emerging in the transformer monitoring system market and discusses the strategies employed by market players to strengthen their market position.

FMI estimated that the power transformer market is dominated by ABB, General Electric, Siemens AG, Maschinenfabrik Reinhausen GmbH, and Groupe Cahors S.A. Out of these top market players ABB holds around 14% of global market share, General Electric holds 10%, Siemens AG holds 12%, Maschinenfabrik Reinhausen GmbH holds 8%, and Groupe Cahors holds 5% of global market share, says FMI.

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Key Segment:

By Product:

  • Hardware
    • Direct Winding Transformer Monitors
    • Intelligent Transformer Monitors
  • Software

By Installation Type:

  • Newly Installed Units
  • Retrofit Units

By Application:

  • Dissolved Gas Analysis (DGA)
  • Partial Discharge (PD)
  • Bushing Monitoring
  • Cooling Control
  • Voltage Regulation

By End Use:

  • Power Transformers
  • Distribution Transformers
  • Other Transformers

By Region:

  • North America
  • Western Europe
  • Latin America
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East and Africa (MEA)
2016 – 2020 Transformer monitoring system Market Outlooks in Comparison to 2021 – 2031 Forecasts

Rapid urbanization and rise in industrial activities has increased the electricity consumption in past few years. With the world is looking towards establishing smart grids for effective distribution of power, the demand for transformer monitoring systems will rise over the forecast period. According to FMI, transformer monitoring system sales revenue will rise at 10.1% CAGR between 2021 and 2031.

The transformer monitoring system is a process oriented system that measures quantities like voltage and current, estimates measurement data through algorithm, creates trends, and performs model monitoring. Introduction of internet of things (IoT) based smart transformer technologies will augment the market growth during the assessment period.

Transformer monitoring system sales is expected to rise due to adoption of bulk manufacturing practices by manufacturers and heightened consumer awareness towards environmental issues.

Developed countries are investing in refurbishing existing grid infrastructure to cater to growing power needs and reduce carbon emission. Advancement in grid technology and upgrade in configurations to comply with green transformers will further complement the industry outlook.

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Key Players:

Prominent players operating in the transformer monitoring system market are:-

  • ABB Group
  • Siemens AG
  • General Electric
  • Mitsubishi Electric Power Products Inc.
  • Eaton Corporation
  • Hitachi Ltd.
  • Qualitrol Company LLC
  • Koncar-Electrical Engineering Institute Inc.
  • Maschinenfabrik Reinhausen GmbH (MR)
  • CETT Co., Ltd.
  • Groupe Cahors
  • Camlin Power
  • MTE Meter Test Equipment AG
  • Advanced Power Technologies LLC

Centrifugal Pumps Market To Expand At 4.6% CAGR From 2021 To 2031

Global sales of centrifugal pumps are set to be valued at over US$ 29 Bn in 2021, with a steady long-term projection, according to the latest insights by Future Market Insights (FMI). The report estimates the market to expand at 4.6% CAGR from 2021 to 2031. In the centrifugal pumps market, the industrial and domestic segments totaled US$ 24.3 billion for 2021, according to the annual market analysis conducted by FMI.

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Strong demand from the water and wastewater sector and the food and beverage industry drives the centrifugal pump market in terms of volume. Demand for centrifugal pumps slumped in 2020 due to the COVID-19 pandemic.

However, the water and wastewater segment of the industry was not affected as much due to the latest guidelines issued by World Health Organization (WHO) on water sanitation standards which bodes well for sales in the near future. Despite the economic impact of the crisis in many countries, the market’s long-term outlook will remain optimistic.

FMI predicts healthy growth in the oil and gas industry, particularly in economies such as China, U.S., the Middle East, and Africa. Centrifugal pumps are important for ensuring accurate and repeatable transportation and pumping operations in the industry. As a result, the rise in oil and gas sector activities around the world is driving demand for centrifugal pumps.

Global demand for centrifugal pumps is directly correlated to infrastructure development activities worldwide. Governments of developing countries such as China and India are focusing on urbanization, which in turn is anticipated to fuel demand for centrifugal pumps particularly in domestic, Water and wastewater treatment industries

The presence of numerous Chinese players offering low-priced centrifugal pumps acts as a restraint to most regional and global players. Increasing price pressure from these players is influencing key suppliers to offer high-quality, reliable, efficient and technologically-advanced centrifugal pumps at competitive rates.

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Manufacturers need to evaluate life cycle costs and facilitate smart buying decisions. Centrifugal pump manufacturers need to analyze cost of energy and return of investment for centrifugal pumps compared to purchase and installation costs.

Key Takeaways from Centrifugal Pump Market Study

  • Multi stage pumps are expected to hold over 50% of the global market share, supported by heavy duty requirements of the oil and gas sector.
  • Water and wastewater applications are projected to hold over a third of the overall market share by 2031-end, aided by infrastructure investments in emerging economies.
  • The market in the South Africa is projected to expand at a CAGR of around 5%, while that of Mexico accounts for approximately 4%, through 2031.
  • The markets in India and South Korea are set to surge at higher than 5% CAGR over the coming decade.
  • Germany will hold the lead in Europe with a valuation of over US$ 1.2 Bn in 2021. Major investments in the natural gas sector will provide impetus.

“Developing nations are exhibiting high demand for centrifugal pumps for industrial and commercials applications, driven by rising investments into water and wastewater infrastructure by governments. This will enable growth in the overall market through 2031,” says a Future Market Insights analyst.

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Competitive Landscape

The centrifugal pumps market is highly consolidated, with key players accounting for more than four-fifth of the market share. These players are likely to invest in technology developments and the expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Ebara Corp., Xylem Inc., Sulzer AG, KSB Group, Flowserve Corp., and Kirloskar Brothers.

Skin Antiseptic Market Covid-19 Impact Analysis, Opportunities, Threats, Drivers, Trends, Applications, And Growth Forecast To 2031

According to the latest research by Future Market Insights, the skin antiseptic market is set to witness rapid growth during the forecast period (2021-2031). Demand for skin antiseptic witnessed rapid recovery in the short term, with an optimistic growth outlook in the long run. High demand for skin antiseptic expects to offer lucrative opportunities in near future, however, sales of skin antiseptic to treat the prevalence of infection will drive the market growth.What are the Factors Likely to Drive the Skin Antiseptic Demand?Due to the potential for contamination with pathogenic organisms and the increased likelihood of selecting potential and effective treatment for resistant organisms has surged demand for skin antiseptics that expects to drive the skin antiseptic market growth in coming years.

Sales of solution-based skin antiseptics are expected to offer lucrative opportunities for the European skin antiseptic market. Due to the growing prevalence of Surgical Site Infections (SSIs) and Healthcare-associated infections (HAIs) and the easy availability of various antiseptic solutions accounted for the highest revenue-generating category. Growing R&D and focus on efficacy improvement and growing applications of antiseptic solutions are expected to propel the segment further in the pre-operation and pre-injection procedures.

In addition based on the surgeries applications, the adoption of skin antiseptics is growing in the healthcare sector. Especially to reduce the risk of infection.

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Chlorhexidine Gluconate Ingredient is Likely to Influence the Skin Antiseptic Sales

Chlorhexidine gluconate have been the dominating the global skin antiseptic market. According to a study published in Massachusetts Medical Society, concluded that chlorhexidine–alcohol has superior clinical efficacy and is more effective than povidine iodine-containing solutions in reducing the bacterial concentration in the operative field for vaginal hysterectomy.

US and Canada Skin Antiseptic Market Outlook

US is one of the largest markets for skin antiseptic globally. The US skin antiseptic market is set to tread on the historic pattern of bust and boom during the assessment period 2021-2031.

Demand for skin antiseptic in US and Canada will be led by negatively affecting the market growth by the increase with the rate of surgeries being performed. Pre-operative skin assessment is the initial step planned by the surgeon before the surgeries. Injection by application segment expects to project a steady growth in coming years. According to Consumer Healthcare Products estimation in US the OTC sales would reached between 36 and 37 billion U.S. dollars by 2020.

Europe Demand Outlook for Skin Antiseptic

Many countries in EU have severely been impacted by the COVID-19 crisis, which has led to a drop in economic activities. However, as is the case in US and Canada, pharmaceutical spending in EU continues to drive skin antiseptic demand.

In Europe, uncertainties in the wake of Brexit persist, especially concerning potential supply-chain disruptions, depending on how well the second phase of exit negotiations turns out. The UK pharmaceutical sector receives about 70% of imports from Europe. According to OECD data, around four out of every five euros are spent on retail pharmaceuticals goes on prescription medicines, while the rest on OTC medicines. The share of OTC medicines is particularly high in European countries such as Poland, accounting for half of the pharmaceutical spending, and stands for around 30% or more in Spain (36%), Cyprus (30%) and Latvia (31%) in 2018.

Who are the Key Manufacturers and Suppliers of Skin Antiseptic?

Some of the leading manufacturers and suppliers of skin antiseptic market include

  • 3M Company
  • BD
  • Johnson & Johnson Services, Inc.
  • Reckitt Benckiser
  • B. Braun Melsungen AG
  • Purdue Pharma L.P.
  • EcoLab
  • Schülke & Mayr GmbH
  • PSK Pharma Pvt. Ltd.
  • Kimberly-Clark
  • Sirmaxo Chemicals Pvt. Ltd.
  • Avrio Health L.P.
  • Others

Growth strategies adopted by the leading pharmaceutical companies have influenced the market. The growing contribution by the key players as well as the governments to educate and spread awareness of antiseptic skin products are likely to boost the growth of the antiseptic skin industry substantially.

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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Skin Antiseptic Market Report Highlights:

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

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Key Segments of Skin Antiseptic Market 

By Ingredient Type:

  • Alcohol
    • Isopropyl alcohol 70%
    • Ethyl alcohol 70%
  • Chlorhexidine and other diguanide
    • Chlorhexidine acetate
    • Chlorhexidine gluconate
  • Quaternary ammonium compound
    • Benzalkonium chloride
    • Cetrimide
    • Methylbenzethonium chloride
    • Benzethonium chloride
    • Cetalkonium chloride
    • Cetylpyridinium chloride
    • Others
  • Halogenated phenol derivative
    • Chlorocresol
    • Chloroxylenol
    • Chlorophene
    • Other
  • Antibacterial dye
    • Triphenylmethane
    • Proflavine hemisulphate
    • Brilliant green
    • Gentian violet
    • Crystal violet
  • Peroxide and permanganate
    • Potassium permanganate solution
    • Hydrogen peroxide solution
    • Benzoyl peroxide
  • Quinolone derivative
    • Hydroxyquinoline sulphate
    • Chlorquinaldol
    • Potassium hydroxyquinoline sulphate
    • Dequalinium chloride
    • Diiodohydroxyquinoline
  • Miscellaneous
    • Burow’s solution (aqueous solution of aluminium acetate)
    • Bleach baths

By Form:

  • Solutions
  • Cream
  • Spray
  • Soaps
  • Swab Sticks
  • Wipes

By Type:

  • Oral
  • Topical

By Application:

  • Wounds
  • Surgeries

By Distribution Channel:

  • Supermarket/ Hypermarket
  • Drug Stores
  • Retail Pharmacies
  • E-commerce

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Gasoline Generator Market Value to Grow by Almost $1 Billion During 2019-2029

Future Market Insights on the gasoline generator market includes global industry analysis 2014 – 2018 and opportunity assessment 2019 – 2029. The report inspects into the gasoline generator market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global gasoline generator market is likely to experience considerable growth during the forecast period, owing to several dynamic factors, such as rising demand from residential and commercial sectors for running small power loads in case of power outages.

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The global gasoline generator market was valued at ~US$ 650 Mn in 2018, and is expected to register healthy growth of ~4% during the period 2019-2029. This growth is prominently driven by the growing construction industry. The market for gasoline generators across the globe is highly competitive and small players in the market have to struggle to gain share in the market. Companies have to adopt product innovation as a key strategy to maintain competitive edge, as new product innovations can provide significant growth opportunities in the market. Noise and weight reduction in portable gasoline generators can be opportunistic; development of products within affordable price bracket can result in high penetration into residential sector.

North America to Capture Significant Market Share

There has been substantial growth in the U.S. construction industry over the recent past. As per the U.S. Census Bureau, there has been significant growth in non-residential construction spending. It is also estimated that this particular segment will grow rapidly over the forecast period. With the growing construction industry, rise in the preference for portable generators (for standby backup power) is expected to surge the demand for gasoline generators over the forecast period. Since 2010, there has been a continuous rise in the U.S. non-residential construction spending with an annual growth rate of ~5-6%, which is likely to boost the demand for gasoline generators in upcoming years.

Gasoline Generator Gratifying Electrical Requirement for Commercial & Residential Sectors

There is a robust usage of gasoline generators in commercial and residential end-use sectors for standby backup power in times of power shortage and grid failure. The compact nature of gasoline generators has assisted the acceptance in the residential sector, primarily as part of a modular uninterrupted power supply set up. Residential end users are dependent on continuous electricity.

The increasing dependence on electrical appliances is rising the demand for gasoline generators. In case of a rolling blackout, gasoline generators are the lifeline for an optimum functioning residential area. Further, for end users of renewable technologies such as solar panel based power, gasoline generators are a reliable back up power option. Gasoline generators also have some unique operational benefits compared to diesel fuel based generators.

The spare capacity of the U.K. national grid was ~15% in 2010, and this has dropped to ~4% recently. Therefore, the gasoline generator market can be considered a saving grace in this region.

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Commercial Sector to Remain Key Consumer of Gasoline Generators

A robust market trajectory is foreseen for the gasoline generator market. Commercial and residential sectors spearheading usage of portable generators are likely to remain prominent end users of gasoline generators.

  • Gasoline generators that produce power output in the range of 3,000 watts to 5,000 watts are projected to register prominent growth in upcoming years. Gasoline generators that come under this category are utilized in several end-use sectors in case of power failures.
  • Portable gasoline generators are most-widely utilized generator sets across the globe, which provide electricity by running a gasoline-powered engine. Portable generators are not permanently installed and can be moved from one place to another easily. Portable gasoline generators are available in various sizes depending on the power output.
  • Gasoline generators are primarily utilized for standby backup power applications across several end-use sectors, such as residential, commercial, industrial, and agricultural, among others. The standby backup power application accounts for a major share in the gasoline generator market.

Gasoline Generator Market: Vendor Insights

The report titled gasoline generator market highlights some of the key market participants, who are well-known market players and have established themselves as prominent stakeholders in the global gasoline generator market. Some of the examples of key players in the global gasoline generator market are Kohler Co., Honda Motor Co., Ltd., Generac Power Systems, Inc., SGS Engineering (UK) Ltd., Hyundai Power Equipment, Stephill Generators Ltd., Yamaha Motor Co., Ltd., and Champion Power Equipment, Inc., among others.

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In terms of market structure and tier analysis, the global market for gasoline generators is mostly fragmented, with top 3 players holding 25%-30% share in the global market. This is mainly due to the large number of Chinese and other players involved in the manufacturing of gasoline generators. Significant players in the market are focusing on mergers and acquisition activities, along with new product launches to expand their global reach.