Bread Crumbs Market Expected to Grow US$ 1,961 Million by 2033, With a CAGR of 7.1% | FMI

Bread Crumbs Market

The global bread crumbs industry is on a significant upward trajectory, projected to grow from US$ 987.6 million in 2023 to an impressive US$ 1.96 billion by 2033, reflecting a robust CAGR of 7.1% over the forecast period. This growth is driven by the rising demand for processed and convenience foods, as well as innovative solutions to reduce bread waste.

Bread waste management is a major challenge for bakeries worldwide, often leading to the production of bread crumbs. Researchers have developed novel extrusion cooking methods to efficiently process bread waste into bread crumbs, contributing to market growth. According to the Journal of Cereal Science, bakery products’ estimated wastage ranges from 7% to 10% of total production.

Bread crumbs are increasingly used as a special ingredient in the global food industry, particularly for creating crunchy and crispy coatings in breading formulations for baked or fried food items. This trend is expected to drive the market further in the coming years.

“The bread crumbs market is witnessing remarkable growth due to their versatile applications in the food industry,” opines Nandini Roy Choudhury, Client Partner at Future Market Insights. The ability to reduce bread waste and the increasing demand for convenience foods are key factors propelling this market forward.

Regional Insights:

  • North America: The United States is a crucial market, holding more than 24.1% of the market share and expected to grow at a CAGR of 4.8%. The high consumption of chicken and pork products, which require bread crumbs for texture and flavor enhancement, is driving this growth.
  • Europe: The United Kingdom holds over 16.8% of the European market share, with a projected CAGR of 5.3%. The demand for frozen food and bread crumb coatings to retain moisture and flavor during heating is boosting market growth.
  • Asia Pacific: China dominates the East Asia market with a share of over 46.8%, and a CAGR of 11.6%. In South Asia, India is driving growth due to rapid urbanization and increased consumer income. The rising consumption of processed meat and ready-to-eat foods is expected to spur demand for bread crumbs.

Market Dynamics:

Bread crumbs are widely used in processed foods to enhance texture, flavor, and shelf life. They are made with seasonings, starch, and flour, providing a desirable coating for various food products. Innovations in food technology and sustainable practices are encouraging manufacturers to invest in research and development to meet surging customer demand.

Product Innovations and Strategic Initiatives:

Leading players in the bread crumbs market, such as Hearthside Food Solutions, Associated British Foods, and Progresso (General Mills), are focusing on product innovation and capacity expansion to cater to growing demand. For instance, Carrington Farms introduced Keto Bread Crumbs in June 2022, targeting keto, low glycemic, and gluten-free consumers.

For instance,

  • In June 2022, Carrington Farms introduced a new product called Keto Bread crumbs . The new non-GMO and plant-based bread crumbs provide consumers with the satisfying crunch of traditional bread crumbs while appealing to keto, low glycemic dietary prescribers, as well as gluten-free consumers. Carrington Farms’ new product is a one-of-a-kind combination of coconut flour and ground lupin bean.

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Ferulic Acid Market to Expand US$ 130.1 Million by 2032, Driven by a Robust CAGR of 6.74% | FMI

Ferulic Acid Market
Ferulic Acid Market

In 2022, the size of the world ferulic acid market was estimated to be worth US$ 67.8 million. By the end of 2032, it is anticipated that ferulic acid sales would have increased overall at a strong CAGR of 6.74%, amounting to about US$ 130.1 Million.

The rising demand for an anti-ageing cream is predicted to propel the global ferulic acid market forward. Ferulic acid is also utilized as a preservative in the food industry in some areas. Naturally, the antioxidant property is not restricted to preventing wrinkles; it also battles cancer and aids in the treatment of diabetes.

Ferulic acid has a wide range of biological activities including anti-inflammatory, transcription factor stimulation, antimicrobial, metal chelation, anti-allergic, antithrombotic, elevated sperm viability, signal transduction, enzyme activity attenuation, and gene expression. These adaptable properties will undoubtedly garner the pharmaceutical sector, cruising the ferulic acid market to a great extent.

Ferulic Acid Market: Competition Assessment

The FMI’s Ferulic Acid market report provides a dashboard view of major players operating in the Ferulic Acid market. Some of the key players are:

  • Delekang
  • Top Pharm
  • Healthful International
  • Ankang
  • Huacheng
  • Hubei Yuancheng
  • App Chem-Bio
  • Yuansen
  • Shanghai Bettersyn Biotech
  • Oryza
  • OkayasuShoten
  • CM Fine Chemicals

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Ferulic Acid market.

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Key Segments Covered in the Ferulic Acid Industry Survey

By Type:

Synthetic

Natural Ferulic Acid

Against Type

Sequence Type

By Application:

Food

Cosmetics

Pharmaceuticals

By Packaging:

Interior Packaging

Exterior Packaging

By Region:

North America

Latin America

Europe

Asia Pacific

Middle Eats & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Fortified Eggs Market Set to Grow USD 821.9 Million by 2033, with 8.5% CAGR Driven by Rising Food Service and Household Use

Fortified Eggs Market
Fortified Eggs Market

The fortified eggs market is predicted to develop at an impressive 8.5% CAGR from 2023 to 2033, preceding the lower 8.7% CAGR witnessed between 2018 and 2022. This significant rise shows the demand for the fortified eggs market, increasing the market value from US$ 383.6 million in 2023 to US$ 821.9 million by 2033.

Increased levels of vitamins and omega-3 fatty acids are added to fortified eggs, which have several positive health effects. The global market for fortified eggs is driven by rising consumer awareness of their nutritional profile and application in the food processing industry. Fortified eggs are quite popular since they can be found in many dishes and help people consume the appropriate amounts of important nutrients.

With a predicted CAGR of 8.5% between 2023 and 2033, the global market for fortified eggs is anticipated to expand significantly. Fortified eggs have grown in popularity because of their higher nutrient and mineral content levels and the related health advantages. They are suggested as an alternative to omega-3 supplementation and have been connected to higher immunity, better cognitive function, and a lowered risk of disease. Fortified eggs help asthma and allergy sufferers recuperate along with important vitamin D. Fortified eggs are expected to continue to be popular as a healthy food due to their great nutritional value.

Key Takeaways from the Fortified Eggs Market:

  • With a CAGR of 5.5% by 2033, the market for fortified eggs in India is anticipated to expand steadily.
  • By 2033, the fortified egg market in the U.K. is predicted to develop at a healthy CAGR of 5.7%.
  • The fortified eggs market in China is expected to grow rapidly, with a CAGR of 12% by 2033.
  • The fortified eggs market in Australia is expected to grow slowly, with a CAGR of 2.6% by 2033.
  • The fortified eggs market in Japan is expected to develop gradually at a CAGR of 4.4% by 2033.

Competitive landscape

Leading firms in the food and agriculture sectors, like Cargill, Cal-Maine Foods, and Darling Ingredients, have invested large amounts in research and development to create cutting-edge fortified egg products after seeing the commercial potential for fortified eggs. Thanks to their robust distribution networks and well-known brands, these businesses have a competitive edge in accessing a large consumer base.

The existence of conventional egg producers who are also investigating the fortification trend has increased competition in the market for fortified eggs. These manufacturers enter the market by utilizing their already-existing infrastructure and knowledge of egg production, adding fortified eggs to their current product offerings.

Alternative sources of nutrition, such as plant-based egg alternatives and other fortified food items, are also a threat to the market. These substitutes accommodate customers with particular dietary preferences or constraints, threatening future growth demand for fortified eggs.

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Recent Developments in the Fortified Eggs Market:

  • Eggland’s Best has designated Acosta as its official U.S. sales and marketing partner for Walmart and Sam’s Club as of January 2020. Eggland’s Best, the top-selling brand of eggs in the country, uses a unique production and quality-control procedure to ensure that each egg is of the highest caliber.
  • NutririEgg has developed innovative methods to fortify eggs with vital nutrients like omega-3 fatty acids, vitamins, and minerals. These enhanced eggs provide additional health advantages over regular eggs, appealing to consumers who are looking for nutritious dietary options.

Fortified Eggs Market by Category

By Micronutrients:

  • Vitamins
    • Folic Acid
    • Vitamin D
  • Omega-3 fatty acids
  • Others

By End Use Application:

  • Food Processing
  • Food Service Industry
  • Retail/Household
    • Modern Trade
    • Traditional Grocery Stores
    • Convenience Stores
    • Specialty Stores
    • Online Retail
    • Wholesale Stores
    • Other Sales Channel

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Steady Growth Ahead: Electrical Steel Coatings Market to Reach USD 488.3 Million by 2032

Electrical Steel Coatings Market
Electrical Steel Coatings Market

Electrical steel coatings are known as pigmented coatings that help in insulating silicon steel sheets of generators and motors. These unique coatings are drastically being utilized throughout the construction of electrical equipment like transformers and motors in order to prevent corrosion, eddy current losses, hysteresis losses, and anomalous losses. Besides this, they also offer excellent surface insulation resistance and thermal stability. Furthermore, the surging population and usage of electric equipment like transformers, generators, and motors are expected to bolster the growth of the global electrical steel coatings market during the forecast period.

The global electrical steel coatings market, valued at USD 285 million in 2022, is projected to reach , driven by increasing demand in transformers and motors. With a steady compound annual growth rate (CAGR) of 5.5% expected from 2022 to 2032, the market is anticipated to reach a total valuation of USD 488.3 million by 2032. This growth underscores the expanding application of electrical steel coatings in enhancing the efficiency and performance of electrical devices, particularly in the energy and automotive sectors.

Electrical steel coatings are known to be essential solutions for ensuring the efficiency of motors, transformers, and generators. These coatings are generally utilized during the construction of the magnetizable core of these electrical products to insulate the electrical steel sheets for preventing the flow of electricity and reducing eddy currents. Among numerous end-use industries, the automotive and electrical industries are known as the primary users of transformers and motors. As a result, the expansion of these sectors serves as a significant market catalyst for the electrical steel coatings market.

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Key Takeaways

  • The development of premium quality coatings at a lower cost can offer significant growth opportunities to exclusive coatings manufacturers. The prominent market players particularly those who are involved in the manufacture of electrical steel coatings, can capitalize on the opportunity to supply good quality products at lower costs.
  • Leading steel manufacturers are developing their own production facilities for coatings, and the cumulative cost of raw material procurement, R&D, product development, and large-scale production is considered the factors leading toward successful backward integration. Hence, it will create an opportunity for manufacturers all over the world which will eventually grow the electrical steel coatings market.
  • Owing to the rising demand for electrical equipment like transformers, generators, and motors across thriving automotive and power sectors will boost the electrical steel coatings market over the next ten years. Different grades of electrical coatings are anticipated to be utilized only with specific kinds of electrical steel. Attributing to the rise in electrical steel usage all over a diverse variety of end-use applications, the electrical steel coatings market will expand at a steady pace over the forecast period.

Competitive Landscape

In order to expand their market size, key manufacturers in the global electrical steel coatings market are concentrating on expanding their reach along with focusing on new product launches activities as well as research and development of organic-based electrical steel coatings

  • Axalta Coating Systems Ltd.
  • thyssenkrupp AG
  • Rembrandtin Lack GmbH Nfg. KG
  • POSCO
  • Baosteel
  • Nippon Steel & Sumitomo Metal Corporation (NSSMC)
  • ArcelorMittal SA
  • JFE Steel Corporation
  • Filtra Catalysts and Chemicals Ltd.
  • Polaris Laser Laminations, LLC
  • Wuhan Iron & Steel (GROUP) CORP.
  • Proto Laminations Inc.
  • AK Steel Holding Corporation

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Electrical Steel Coatings Market by Category            

By Coatings Type:

  • C2
  • C3
  • C4
  • C5
  • C6

By Material Type:

  • Chrome Free
  • Chrome-containing
  • Formaldehyde-free
  • MgO

By Application:

  • Grain-oriented
  • Non-grain Oriented
    • Fully Processed
    • Semi processed

By End Use:

  • Transformers
    • Transmission
    • Portable
    • Distribution
  • Motors
    • Upto 10 HP
    • 10 HP- 100 HP
    • 100 HP-500 HP
    • 500 HP-1000 HP
    • Above 1000 HP
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Future Market Insights Inc.
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T: +1-845-579-5705
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Cheese Analogue Market to Expand USD 4,052.6 Million by 2033, Driven by 6.5% CAGR and Rising Non-Dairy Alternatives

Cheese Analogue Market
Cheese Analogue Market

The cheese analogue market is expected to increase at a 6.5% CAGR from 2023 to 2033, above the 6.2% CAGR witnessed between 2018 and 2022. This increase in growth rate indicates rising demand for cheese analogue products, resulting in a significant increase in market value from US$ 2,232.4 million in 2023 to US$ 4,052.6 million by 2033.

The cheese analogue business has grown significantly as customers seek alternatives to real cheese products. The rising demand for plant-based and dairy-free alternatives and advances in food technology have fuelled the market’s growth. The increasing acceptance of vegan and vegetarian diets and the increased prevalence of lactose intolerance and dairy allergies are the key drivers of the cheese analogue market’s growth.

Certain issues, however, are limiting the market’s expansion. Some customers may be put off by the fact that cheese mimics do not precisely match the flavor and feel of actual cheese. Furthermore, the regulatory environment around food labelling and ingredient supply presents problems for market participants.

Despite these constraints, the cheese analogue industry offers several options. Manufacturers may focus on research and development to improve the flavor, texture, and nutritional profile of cheese mimics, making them more appealing to customers. Extending product choices to include a wider range of flavors, shapes (slices, shreds, spreads), and packaging alternatives can also help to attract a larger consumer base. Furthermore, smart alliances with food service providers and retailers can expand market reach and awareness. The cheese analogue industry has enormous development potential, driven by changing consumer preferences and the search for healthier and more sustainable food options.

Key Takeaways

  • In the United States, the market is growing at a CAGR of 23.3% in 2022.
  • United Kingdom is predicted to develop at a CAGR of 5.4% by 2033, driven by rising consumer demand for plant-based and dairy-free alternatives.
  • The market in India is expected to rise at a CAGR of 4.4% by 2033, exhibiting a stable growth trajectory as more customers try cheese analogue choices.
  • The Chinese cheese analogue market is expected to develop rapidly, with a CAGR of 11.7% by 2033, driven by increased acceptance of Western dietary patterns and the need for creative and sustainable cheese replacements.
  • Japan’s market has a compound annual growth rate of 3.4% as per the forecast for 2022 in the Global Market.

Competitive landscape

Numerous notable competitors vie for market share in the cheese analogue industry. Arla Foods, Kraft Heinz Company, Fonterra Co-operative Group, Sacco S.r.l., and Chr. Hansen Holding A/S is among the market’s significant rivals. These firms have a substantial market presence and provide a diverse selection of cheese analogue goods to meet a variety of client tastes. They concentrate on product innovation, quality, and increasing their distribution networks. To acquire a competitive advantage. Furthermore, these rivals frequently use mergers, acquisitions, and partnerships to increase their market position and capitalize on the expanding worldwide demand for cheese analog goods.

Key Companies Profiled

  • Groupe Lactalis
  • Daiya Foods Inc.
  • Miyoko’s Kitchen, Inc.
  • Lyrical Foods, Inc.
  • Whitehall Specialties Inc.
  • Bute Island Foods Inc.
  • Blendhub Corporation Group
  • Ingredion Inc.
  • Ornua Ingredients
  • MCT Dairies, Inc
  • A.I.F. Ingredients
  • Others

Recent Developments:

  • Arla Foods is a global leader in the plant-based cheese substitute market, producing a varied variety of plant-based cheese replacements with an emphasis on sustainability and natural ingredients.
  • To meet consumer demand for convenience and flavor, Kraft Heinz Company has created diverse cheese analogue products, including slices, shreds, and spreads.

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Cheese Analogue Market By Category

By Type:

  • Dairy-based Cheese Analogue
  • Plant-based Cheese Analogue
  • Partial Dairy-based Cheese Analogue

By Form:

  • Liquid
  • Slices
  • Cubes/Blocks
  • Shredded
  • Powder
  • Spreadable

By End Use:

  • Retail / Household
  • HoReCa
  • F&B Industry

By Distribution Channel:

  • B2B
  • B2C
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Traditional Groceries
    • Online Retailers

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Rising Construction Demands Propel Coated Fabrics Market to New Heights: Reach USD 73.8 Billion by 2033

Coated Fabrics Market
Coated Fabrics Market

The global coated fabrics market, valued at approximately USD 45.3 billion in 2023, is poised for significant growth, driven by the expanding building and construction sector. This growth trajectory is expected to continue at a CAGR of 5.0% from 2023 to 2033, with the market projected to reach around USD 73.8 billion by 2033. The increasing demand for durable, versatile, and high-performance materials in various industries, particularly in construction, automotive, and industrial applications, is bolstering the market’s expansion.

One of the primary factors driving the growth of the coated fabrics market is the increasing demand from various end-use industries. The market is witnessing a surge in demand from various industries such as automotive, construction, aerospace, healthcare, and industrial. In the automotive sector, coated fabrics are extensively used for interior and exterior applications, including seating, airbags, and automotive upholstery.

The construction industry utilizes coated fabrics for architectural membranes, roofing, and awnings. The healthcare industry relies on coated fabrics for medical gowns, protective clothing, and surgical drapes. The versatility and wide range of applications of coated fabrics across multiple sectors are driving their demand.

There is a growing preference for lightweight materials in various industries, with the increasing emphasis on fuel efficiency, reduced emissions, and sustainability. Coated fabrics offer an excellent alternative to traditional materials such as leather, metal, and glass due to their lightweight nature and enhanced performance characteristics. The fabrics provide benefits such as improved strength, durability, weather resistance, and flexibility, making them highly desirable in applications where weight reduction is crucial.

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Increasing investments in research and development, is another factor that is expected to have a significant impact on the market growth. Major players in the coated fabrics market are investing significantly in research and development activities to introduce innovative products and gain a competitive edge. The investments focus on developing advanced coatings, exploring new materials, and improving the overall performance of coated fabrics. The continuous research and development efforts are driving product advancements and expanding the application scope of coated fabrics.

Another factor contributing to the market growth is the stringent safety and quality regulations, which creates a significant demand for coated fabrics. Various industries, such as automotive, aerospace, and healthcare, are subject to stringent safety and quality regulations. Coated fabrics play a crucial role in meeting these regulatory requirements by providing properties such as flame resistance, chemical resistance, and durability. The demand for high-performance coated fabrics that comply with safety standards is expected to increase, as regulations become more stringent.

Key Takeaways from the Market Study

  • The global coated fabrics market was valued at US$ 43.1 billion by 2022-end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 2.5%.
  • China is expected to hold a dominant CAGR of 4.9% during the forecast period.
  • By Application, the protective clothing segment is expected to constitute a CAGR of 4.9% in 2033.
  • On the basis of Material Type, the polymer segment is expected to dominate the market with a CAGR of 4.8% in 2033.
  • From 2023 to 2033, coated fabrics market is expected to flourish at a CAGR of 5.0%.
  • By 2033, the market value of coated fabrics is expected to reach US$ 73.8 billion.

Expansion of online retailing, across the globe is a major factor that is expected to propel the growth of the coated fabrics market in the near future, remarks an FMI analyst.

Competitive Landscape

  • In 2022, Saint-Gobain Performance Plastics introduced a new line of high-performance coated fabrics with improved chemical resistance and enhanced durability, catering to demanding applications in the chemical processing and oil and gas industries.
  • In the same year, Seaman Corporation expanded its coated fabrics portfolio with the introduction of a new fabric technology that provides exceptional UV resistance and weatherability, suitable for outdoor applications such as roofing and geomembranes.
  • In 2021, Sioen Industries acquired Verseidag-Indutex GmbH, a leading manufacturer of coated fabrics for various sectors, including architecture, digital printing, and transportation. The acquisition aimed to strengthen Sioen’s position in the coated fabrics market and expand its product portfolio.
  • In the same year, Spradling International Inc., a leading provider of coated fabrics, introduced an innovative antimicrobial coating technology for its fabrics, offering enhanced protection against bacteria and viruses.

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Leading Players in the Coated Fabrics Market

  • Saint Gobain S.A
  • Bayer AG
  • PPG Industries
  • Akzonobel N.V.
  • 3M Company
  • Valspar Corporation
  • E.I. du Pont de Nemours and Company
  • BASF SE Paints
  • Nippon Paints
  • Sherwin Williams

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global coated fabrics market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the coated fabrics market, the market is segmented on the basis of application (commercial tents, furniture, industrial, protective clothing, transportation, and others), by material type (polymer coated, rubber coated, and others), across seven major regions (North America, Latin America, Eastern Europe, Western Europe, Middle East & Africa (MEA), Japan, and Asia Pacific (Excluding Japan)).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Bio-Plastic Industry on the Rise: Forecasts Predict a USD 1,353.3 Billion Market Valuation by 2033

Bio-Plastic Market
Bio-Plastic Market

The global bio-plastic market, valued at approximately USD 96.6 billion in 2023, is poised for significant growth, with projections estimating it will soar to USD 1,353.3 billion by 2033. This remarkable expansion is driven by a robust compound annual growth rate (CAGR) of 30.2% over the forecast period from 2023 to 2033. The increasing demand for sustainable and eco-friendly materials across various industries, coupled with rising environmental concerns and stringent regulations on conventional plastics, is fueling the rapid adoption and development of bio-plastics, positioning the market for substantial advancements in the coming decade.

One of the major factors contributing to the growth of the bio-plastic market is the reduction in greenhouse gas emissions. Bio-plastics often have a lower carbon footprint compared to traditional plastics, contributing to efforts to reduce greenhouse gas emissions and combat climate change.

Bio-plastics are being used in innovative packaging solutions, such as edible packaging, which can reduce food waste and offer convenience to consumers. The automotive industry is exploring bio-plastics for interior and exterior components to reduce vehicle weight and improve fuel efficiency, presenting a significant growth opportunity.

Advances in biotechnology and genetic engineering are enabling the production of bio-plastics from engineered microorganisms and agricultural feedstocks, potentially improving scalability and cost-effectiveness. The expansion of bio-plastics into a broader range of applications, including 3D printing, electronics, and toys, diversifies market opportunities.

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The establishment of clear and widely recognized certification standards for bio-plastics can boost consumer confidence and facilitate market growth. Governments and organizations may provide economic incentives, such as subsidies or tax breaks, to promote the adoption of bio-plastics and support a circular economy.

Public-private partnerships and initiatives aimed at reducing plastic waste and promoting sustainable materials can create a conducive environment for bio-plastic growth. Scalability in bio-plastic production processes, such as fermentation and chemical synthesis, can drive down production costs and increase availability.

The need for effective waste management solutions, especially in urban areas, can drive the adoption of bio-plastics as they can be integrated into municipal composting systems. The film industry, including the production of agricultural films and plastic wraps, is exploring bio-plastics as a sustainable alternative for various applications.

Research into advanced bio-plastic materials, such as lignin-based and algae-based plastics, offers opportunities for even more sustainable and versatile products. Consumers are actively seeking eco-friendly products, which can drive demand for bio-plastic packaging, disposable utensils, and other everyday items.

Key Takeaways from the Market Study

  • The global bio-plastic market was valued at US$ 74.2 billion by 2022-end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 28.8%.
  • The market in China is expected to expand at a CAGR of 29.4% through 2033.
  • By material type, the PLA and PLA blends segment to expand at a CAGR of 30.1% through 2033.
  • From 2023 to 2033, bio-plastic market is expected to flourish at a CAGR of 30.2%.
  • By 2033, the market value of bio-plastic is expected to reach US$ 1,353.3 billion.

Collaborations between bio-plastic manufacturers and recycling facilities can help streamline the recycling and reuse of bio-plastics, enhancing their sustainability credentials, remarks an FMI Analyst.

Competitive Landscape

Prominent players in the bio-plastic market are BASF SE, NatureWorks LLC, Toray Industries Inc, Evonik Industries, E. I. du Pont de Nemours and Company, DSM N.V, Arkema, Techno Polymer Co. Ltd, and RTP Company, among others.

Recent Developments:

  • In 2023, Danimer Scientific (US) announced the launch of its new bio-plastic product, Nodax PHA. Nodax PHA is a biodegradable bio-plastic that is made from renewable resources. The product is expected to be used in a variety of applications, including food packaging, single-use plastics, and agricultural products.
  • In 2022, ADM (US) announced the launch of its new bio-plastic product, Enviva PLA. Enviva PLA is a biodegradable bio-plastic that is made from renewable resources.
  • In the same year, Novamont (Italy) announced the expansion of its production capacity for bio-plastic at its plant in Italy. The expansion is expected to meet the growing demand for bio-plastic in Europe and other regions.

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Top Key Players in the Market

  • BASF SE
  • NatureWorks LLC
  • Toray Industries Inc.
  • Evonik Industries
  • E. I. du Pont de Nemours and Company
  • DSM N.V
  • Arkema
  • Techno Polymer Co. Ltd.
  • RTP Company

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global bio-plastic market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the bio-plastic market, the market is segmented on the basis of material type (bio-PET, bio-PE, bio-PA, bio-degradable polyesters, PLA & PLA blends, starch blends, PHA, and others ), and applications (bottle, packaging, food-services, agriculture/horticulture, consumer products, and automotive), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Future Outlook: Automotive Performance Tuning and Engine Remapping Services Market to Reach USD 1,100 Million by 2033, with a CAGR of 6.4% | FMI Reports

Automotive Performance Tuning and Engine Remapping Services Market
Automotive Performance Tuning and Engine Remapping Services Market

The automotive performance tuning and engine remapping services market is poised for substantial growth, with projections estimating it will reach USD 1,100 million by 2033, driven by a steady compound annual growth rate (CAGR) of 6.4% over the next decade.

This growth is fueled by ongoing technological advancements and a rising consumer interest in enhancing vehicle performance. Performance tuning and engine remapping services, which focus on optimizing engine efficiency and increasing horsepower and torque, are becoming increasingly popular among automotive enthusiasts who seek to maximize their vehicles’ potential. This trend underscores the expanding market for automotive customization and the growing desire for personalized performance solutions among drivers globally.

In recent years, there has been a noticeable shift toward high-power engines, particularly diesel variants. Increased awareness of the benefits and potential drawbacks of engine remapping has further fueled demand for these services. Many new vehicle models are benefiting from successful remapping efforts that address issues such as exhaust gas recirculation (EGR) system performance.

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Vehicle owners are increasingly viewing performance tuning and engine remapping as a cost-effective way to extend their engines’ lifespan. ECU tuning, in particular, is seen as an affordable option that delivers significant benefits. Market players are witnessing notable revenue growth, particularly in the passenger and light commercial vehicle segments. Additionally, growing consumer interest in high-performance, luxury, and high-end vehicles is creating new opportunities in the automotive performance tuning and engine remapping services market.

Key Takeaways from the Automotive Performance Tuning and Engine Remapping Services Market Report:

  • The United States automotive performance tuning and engine remapping services market is expected to grow with a CAGR of 6.2% during the forecast period.
  • The market in China is expected to grow with a CAGR of 6.5% during the forecast period.
  • By vehicle type, the passenger vehicle segment is projected to grow with a significant CAGR of 6.6% during the forecast period.
  • The market in India is expected to grow with a CAGR of 6.3% throughout the forecast period.

Competitive Landscape:
The automotive performance tuning and engine remapping services market is intensely competitive, with several key industry players investing heavily in providing these services.

The key industry players are Tuning Works Inc., Quantum Tuning Ltd., Shift Performance, VIEZU Technologies LTD, ABT Sports line GmbH, Roo Systems, Turbo Dynamics Ltd, EcuTek Technologies Ltd., Emaps Performance, CODE 6 Tuning, LAYTON REMAPS & PERFORMANCE, Wolf Moto, Revolution Automotive, SLT Remapping & Diagnostics LTD.

Recent Developments:

Key industry players are utilizing organic growth strategies like acquisitions, mergers, tie-ups, and collaboration to bolster their product portfolio. This is expected to propel the global automotive performance tuning and engine remapping services market.

  • In May 2023, ABT Sportsline, a renowned tuner specializing in Audi and VW Group vehicles, introduced the limited-edition ABT RS6 Legacy Edition (LE). With only 200 units available, this high-performance sports car combines striking design with practicality for everyday use, captivating automotive enthusiasts with its exceptional features.
  • The ‘ABT China joint venture, which was announced in February 2023, is gaining momentum. The first project of ABT China and GAC, the GAC Empow R x ABT co-brand version, has been officially launched at Auto Shanghai 2023, held from April 18-27, 2023.
  • On March 23, 2022, ABT Sportsline achieved an impressive 450 horsepower from the iconic five-cylinder engine. The SUV coupé Formentor, representing the independent CUPRA brand, showcases a captivating blend of dynamic and elegant design that leaves a lasting impression even at a standstill.

Extensive Market Research: Complete Report and Findings

More Valuable Insights Available:
Future Market Insights offers an unbiased analysis of the global automotive performance tuning and engine remapping services market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the Automotive performance tuning and engine remapping services market, the market is segmented on the basis of vehicle type (passenger cars, heavy commercial vehicles, and light commercial vehicles), fuel type (diesel and petrol), tuning stage (stage 1, stage 2, and stage 3), tuning method (OBD ports and bench tuning) and application (racing, fuel economizing and performance tuning) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Automotive Performance Tuning and Engine Remapping Services Market Segmentation:

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Fuel Type:

  • Petrol
  • Diesel

By Tuning Stage:

  • Stage 1
  • Stage 2
  • Stage 3

By Tuning Method:

  • OBD Ports
  • Bench Tuning

By Application:

  • Racing
  • Fuel Economizing
  • Performance Tuning

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Website: https://www.futuremarketinsights.com
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Sustainable Growth: Biobased Biodegradable Plastic Market Set for 10% CAGR Through 2033

Biobased Biodegradable Plastic Market
Biobased Biodegradable Plastic Market

The biobased biodegradable plastic market is experiencing significant growth, with its value projected to reach USD 5.2 billion in 2023. Driven by increasing environmental concerns and a shift towards sustainable materials, the market is expected to expand at a robust CAGR of 10% over the next decade, reaching an estimated USD 13.6 billion by 2033. This growth reflects the rising demand for eco-friendly alternatives in packaging, agriculture, and other industries, as companies and consumers alike prioritize reducing plastic waste and its environmental impact.

Growing public awareness of plastic waste and its negative environmental impact has resulted in an increased popularity of biobased biodegradable polymers. Customers as well as companies are looking for sustainable options that decrease plastic waste and protect the environment.

Globally, rigorous laws and regulatory frameworks are prohibiting single-use plastic and encouraging the usage of biodegradable materials. Adherence to these rules is a primary motivator, driving firms to use biobased biodegradable polymers for a variety of uses.

Many corporations are implementing biobased biodegradable polymers as an aspect of their corporate social duty programs. Sustainable practices in company practices improve the brand’s reputation and fulfill the needs of environmentally conscious customers.

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Persistent bioplastic technological advancement is resulting in the invention of new and affordable recyclable materials. Manufacturing methods and material composition breakthroughs have broadened the practical usage of biobased biodegradable polymers.

Client preferences are evolving and there is a burgeoning eco-conscious customer base. Customers are favoring biodegradable plastic in items and packaging, prompting businesses to spend on those substances and fueling market growth.

Sustainability issues, tough restrictions, and customer preference for environment-friendly alternatives are driving considerable growth in the biobased biodegradable plastic industry in the United States.

The market has been propelled further by increasing public consciousness of plastic waste and an increasing focus on business sustainability practices.

The proactive involvement of the United Kingdom in Circular Economy frameworks has stimulated the emergence of bioplastic recycling facilities, offering new market prospects. Leading brands and retailers are switching to recyclable packaging, which is boosting the industry’s development.

Key Takeaways

  • The United States is estimated to be valued at US$ 1.2 billion by 2033.
  • The market in the United Kingdom is predicted to expand at a 9.6% CAGR from 2023 to 2033.
  • The biobased biodegradable plastic market in the United Kingdom is projected to reach US$ 400 million by 2033.
  • The biobased biodegradable plastic market in China is anticipated to be worth US$ 1.4 billion.
  • The market in China is expected to record a CAGR of 10.1% through 2033.

“Partnership between the public and business sectors is going to encourage research and provide a steady supply of novel biodegradable products. Market dominance in emerging nations, combined with increased awareness of ecological issues globally, is expected to fuel market growth,” says an FMI analyst.

Competitive Landscape

Competitiveness in the market fluctuates from minimal to considerable depending on area. Because of the enormous number of participants in Europe and North America, competition is moderate. On the other hand, due to limited market participants, competition in Asia Pacific is minimal.

Key market players are investing heavily in research and development to introduce revolutionary biodegradable plastic materials that are both sturdy and easily recyclable in the natural environment.

  • Futerro declared plans in December 2022 to build an initial vertically linked biorefinery in Europe in Normandy, France, for the manufacture and reusing of PLA.
  • NatureWorks held a ceremony in February 2023 to commemorate the completion of the organization’s Ingeo PLA production complex in Thailand.

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Leading Players

  • BASF SE
  • Plantic Technologies
  • Toray Industries
  • Total Corbion PLA
  • Natureworks
  • Biome Bioplastic.
  • Bio-On
  • Mitsubishi Chemical Corporation
  • Danimer Scientific
  • Novamont S.P.A.

Biobased Biodegradable Plastic Market Report

Future Market Insights, in its new offering, presents an unbiased analysis of the global biobased biodegradable plastic market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.

The study reveals essential insights by Product Type (polyester, starch blends, poly lactic acid (PLA), cellulose, polyhydroxyalkanoate), Application (packaging, fibers, healthcare, agriculture, others), and Region.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Future Market Insights Inc.
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T: +1-845-579-5705
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Global Car Security System Market Projected to Reach USD 40 Billion by 2033, Growing at a CAGR of 11.4% | FMI Reports

Car Security System Market
Car Security System Market

The global car security system market is projected to reach USD 13.5 billion in 2023 and is expected to grow to USD 40 billion by 2033, with a robust compound annual growth rate (CAGR) of 11.4% over the forecast period.

This growth is driven by the implementation of stringent vehicle security regulations and the continuous advancement of both passive and active safety and security technologies. Recent technological innovations have greatly enhanced the car security system market.

The proliferation of high-speed internet and the increased use of global positioning systems (GPS) and other connectivity solutions are also contributing to market expansion. These technologies offer consumers advanced security features, supporting the growth of the market. As the automotive sector undergoes a significant transformation with the digitization of in-car systems for automation, connectivity, and shared mobility, the demand for sophisticated car security systems is on the rise.

The prevalence of outdated and basic security systems in budget and entry-level vehicles has led to a rise in keyless theft incidents. In response, manufacturers are integrating advanced security modules into both low-end and high-end vehicles to combat this issue.

A notable example occurred in July 2019 when the German General Automobile Club (ADAC) tested 237 vehicles with keyless entry, discovering that nearly 230 were highly vulnerable to break-ins using inexpensive electronic devices known as relay boxes.

The surge in car theft cases, particularly those involving cyber threats and hacking, is driving an increased demand for state-of-the-art car security technologies. This trend is expected to significantly propel market growth in the coming years.

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Key Takeaways

  • Italy’s car security system industry is projected to expand with a CAGR of 11.3% during the forecast period.
  • The demand for car security systems in the United States is expected to capture a CAGR of 11.1% from 2023 to 2033.
  • By vehicle type, the passenger car segment is projected to secure a CAGR of 14.2% during the forecast period.
  • India is expected to expand with an impressive CAGR of 11.7% throughout the forecast period.

Competitive Landscape

The market for car security systems is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities

The key industry players in the market include Continental AG, Robert Bosch GmbH, HELLA GmbH & Co. Stoneridge Inc., Mitsubishi Electric Corporation, Huf Hülsbeck & Fürst GmbH & Co. KG, Valeo S.A., KGaA, Aptiv plc, Denso Corporation, Tokai Rika Co., Ltd., ALPHA Corporation, Marquardt GmbH, I Car Srl, Directed Inc., ALPS ALPINE CO. LTD, Atech Automotive (Wuhu) Co., Ltd.

Some Recent Developments in the Car Security System Market

  • In July 2021, ZF unveiled the ZF ProAI supercomputer at IAA 2021 in Germany. This advanced system combines control units, software, sensors, and actuators to enable software-defined vehicles. It provides customized computing power for vehicles at any level of automation and incorporates cutting-edge security features to counter cyber threats.
  • In March 2021, Hella inaugurated a new software and electronics development center in Craiova, Romania. This facility aims to support company expansion and conduct product testing.
  • In February 2021, Bosch Mobility Solutions and Microsoft joined forces to develop a “software-defined vehicle” featuring enhanced digitalization, connectivity, automation, and advanced cybersecurity.
  • In January 2021, Alps Alpine collaborated with Qualcomm Technologies Inc. to create an advanced in-vehicle camera positioning system, enhancing vehicle security and surveillance capabilities.

Comprehensive Market Insights: Full Report Overview

Key Segmentations

By Product Type:

  • Central Locking System
  • Car Alarm
  • Immobilizer
  • Remote Keyless Entry
  • Others

By Vehicle Type:

  • Passenger Car
    • Compact
    • Mid-Size
    • Luxury
    • SUV
  • Light Commercial Vehicle

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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