Solar Charge Controller Market is expected to grow at a CAGR of Approximately Over 2022-2028

Future Market Insights (FMI) has published a new research study on the global solar charge controller market titled ‘Solar Charge Controller Market: Global Industry Analysis 2013–2017 and Forecast, 2018–2028’. According to FMI, the solar charge controller market was valued at US$ 1.4 billion at the end of 2017 and is anticipated to grow at an impressive CAGR to reach US$ 3.4 billion by end of the forecast period.

FMI finds that in 2018, East Asia and Europe were attractive regions in the solar charge controller market, accounting for more than 49% of the global market share. The demand for solar charge controllers is witnessing a linear trend with rising demand for offgrid solar panel systems from economies, such as China, India, USA, Brazil and some of the ASEAN and African countries.

Developing economies, such as China, India, Malaysia and Brazil, are anticipated to positively influence the sales of solar charge controllers. Government initiatives related to subsidiaries for solar panel systems led by China, India and some of the Latin American countries are expected to further intensify the deployment of solar panel systems and solar charge controllers.

Increasing orders related to off-grid solar panel systems and solar charge controllers for deployment in remote and residential applications are expected to positively impact the growth of the global solar charge controller market during the forecast period.

Developments in solar charge controllers, such as auto night detection, LCD display, overcharging protection and growth in communication solutions integrated with solar charge controllers, are driving the growth of the global solar charge controller market. The growth of solar charge controllers market is being positively impacted by the deployment of offgrid solar panel systems.

30A to 50A Solar Charge Controllers to Hold One Third Share in Market Growth

Based on current charging capacity, solar charge controllers with 30A to 50A is anticipated to remain the primary sub-segment in terms of market share, covering nearly 33% by the end of 2028. Growth in demand for lead acid battery for storage applications in developing economies is anticipated to impact the sales of solar charge controllers. Further, the rise of new entrants in the global solar charge controller market will initiate new production bases in developing economies for solar charge controllers.

Based on technology, the MPPT based solar charge controllers will register high growth rate and are anticipated to be a prominent segment in the global solar charge controller market. PWM based solar charge controllers are expected to account for an estimated value of US$ 1,980.5 Mn by the end of 2028.

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Solar Charge Controller Market will Remain Highly Fragmented

The global solar charge controller market is highly fragmented and the tier-1 players contribute to nearly 1/3rd of the market share. The competition among the global and regional players is becoming intensified due to rise of new players in developing economies. Leading manufacturers of solar charge controllers are widespread, with both regional and global players offering solar charge controllers in their targeted marketplaces.

Manufacturers are concentrating on acquiring new orders for the installation of solar charge controllers. Further, the adoption of MPPT based solar charge controllers will be a driving factor for the growth of the global solar charge controller market.

Morningstar Corp., Outback Power Inc., Studer Innotec, Victron Energy, Aims Power, Renogy, Sensata Technologies, Inc., Schneider Electric, Samlex America Inc., and DENRYO CO., LTD, are some of the key players leading the global solar charge controller market.

Stability Test Chamber Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027

Future Market Insights (FMI) has recently published a report titled ‘Stability Test Chambers Market – Global Industry Analysis 2013–2018 and Market Forecast 2019–2027’. In 2018, the stability test chambers market was valued at US$ 2.7 billion, which according to FMI’s analysis, will thrive at 5.8% CAGR through 2027.

Stability test chambers are widely used in various industries such as pharmaceutical, electronics, food & beverages, construction, and chemical. Stability test chambers are used to store and test a variety of products at specific humidity and temperature conditions. There has been phenomenal growth in industries, such as pharmaceutical and electronics, which is expected to significantly contribute to the growth of the stability test chambers market across the globe.

Application Base of Stability Test Chambers Widening in Food, Pharma, and Electronics Industries

Several types of packaging and food preservatives need to be checked at different levels of humidity and temperature before they are sold in the market. Stability test chambers are used to check the various quality parameters of food, such as colour, odour, and taste. The increasing demand for packaging food due to changing lifestyle across the world is boosting the stability test chambers market.

The testing of various pharmaceutical products as per the pre-determined guidelines is one of the most important parameters for the pharmaceutical industry. Various types of drugs, medicines, and healthcare products need to be tested based on different factors such as light, humidity, and temperature. Stringent regulations associated with the testing of pharmaceutical products is boosting the stability test chambers market.

Stability test chambers are also used in the electronics industry to test various components such as semiconductors, power devices, transducers, capacitors, and resistors. The frequent usage of stability test chambers in the electronics industry is driving the stability test chambers market.

Stability test chambers are also used in cement manufacturing plants to inspect the quality of cement at various stages. Cement and concrete materials require accurate testing to ensure their integrity and lifetime quality. Increasing cement manufacturing plants and rapid growth in the construction industry worldwide is another factor boosting the stability test chambers market.

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Technologically Advanced Stability Test Chambers Gaining Traction as User-friendly Variants

The stability test chambers market has grown rapidly over the past few years due to the availability of technologically advanced stability test chambers. Technological advancements, such as precise temperature & humidity control, fog-free viewing window, humidity water filtration system, and computer interface, have made stability test chambers more user-friendly.

In addition, the availability of a variety of testing chambers, such as humidity and temperature test chambers, thermal shock test chambers, and altitude test chambers, is also significantly driving the stability test chambers market. Newly added features, such as a programmable timer, audio-visual alarm, and remote monitoring, are also boosting the demand for stability test chambers.

Rapid growth in the pharmaceutical & food industries and the existence of key manufacturing players in the North America and Europe regions are also among factors propelling the demand for stability test chambers.

Key Companies in Stability Test Chamber Market Focusing on Industry-specific Instrument Development

According to the FMI analysis, Thermo Fisher Scientific Inc., and Weiss Technik North America, Inc. are among the prominent manufacturers of stability test chambers. Manufacturing and providing a wide range of stability test chambers to customers as per the industry requirements are among the key strategies followed by major players to capture a significant market share.

Some of the key manufacturers of stability test chambers are Guangdong sanwood instrument technology co.,ltd, Thermotron Inc., Falc Intruments s.r.l, Terra Universal. Inc., ESPEC CORP, Angelantoni Test Technologies, Scientific Climate Systems and Qualitest International Inc.

CBD Skin Care Market 2022 Outlook, Current and Future Industry Landscape Analysis 2030

Driven by the rising demand from the personal care sector, the CBD skincare market is expected to register CAGR of ~26% between 2020 and 2030, finds Future Market Insights (FMI) in its study.

Known for its several medical benefits and healing properties, cannabidoil (CBD) applications have gradually penetrated into skincare businesses. CBD offers numerous antioxidant and anti-inflammatory benefits that can help in treatment various skin problems.

While there are limited studies on CBD benefits, it is in general considered safe for topical use.  The World Health Organization’s (WHO’s) Expert Committee on Drug Dependence (ECDD) has concluded in November 2017 that in its pure state CDB is unlikely have potential harm.

The report on the CBD skincare market is intended to help market players gauge investment feasibility across the key segments. It discovers hidden opportunities within the market as well as cautions companies against potential threats.

Key Takeaways from the CBD Skincare Market Study

  • CBD skincare market was valued at ~ US$ 816.9 Mn in 2020 and is projected to exhibit ~ 26% CAGR between 2020 & 2030
  • North America holds the leading share in the global CBD skincare market.  The legalisation of cannabis cultivation in the U.S. and Canada are giving tailwinds to growth witnessed in the region
  • CBD oil to be in high demand. As per FMI, it is expected to constitute the leading segment, accounting for over 30% of the CBD skincare market
  • Expansion of online presence and sales channels will stoke growth opportunities for the market
  • The hemp-derived CBD segment will account for the leading market share
  • Offline sales channel including pharmaceutical stores, speciality stores & whole sellers and distributers will continue leading the market. Demand for instant gratification will keep sales in these channels high

“Companies are focusing on innovative packaging to boost sales of CBD skincare products. This, coupled with ample focus on improving product quality, are among key strategies adopted by the market players to gain edge amid competition,” said a lead analyst at FMI.

Favorable Regulations to Drive CBD Beauty Trends across the World

Including CBD as a key ingredient in cosmetic products is a key trend prevailing in Europe’s beauty market. At the start of 2019, Holland & Barrett an innovative line of CBD infused cosmetics from Eos Scientific.

CBD products can be now found across various retailers in Europe, including Sephora and Boots besides various online platforms.

Throughout the world, various suppliers have been busy innovating and launching cosmetic products including CBD ingredients in the market. CBD in skin care is clearly a burgeoning trend in the beauty industry.

The trend has penetrated in Latin America as well, as the region witnessed a spurt of business initiatives and product launches containing CBD thanks to a more favourable regulatory approach.

While hemp is being used in beauty treatments since ages, researchers claim that incorporating CBD ingredients is now in key focus among manufacturers. There will be more emphasis on natural and organic ingredients especially since consumers are rendered more conscientious.

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Who is Winning?

Some of the key players operating in the CBD skincare market are include Green Growth Brands, Kiehl’s LLC, Cannuka, LLC, The CBD Skincare Company, Vertly Hemp, Leela Body Care Company CBD For Life, Josie Maran Cosmetics, Lord Jones, Fab CBD Company, Kapu Maku LLC, IldiPekar Skin Care & Spa, Mazz Hanna, Kana Skincare, Leef Organics, Earthly, Body, Myaderm, Elixinol Global Limited, Medical Marijuana Inc., Naturally Splendid, and Endoca LLC.

Several leading companies are focusing on R&D, merger & acquisition and partnership to come up with new technologies that can change the market landscape of CBD skincare.

Leading players in the CBD skin care market are also concentrating on introducing CBD-based products in their existing product portfolio to reach new customers, along with expanding their sales network worldwide. They are also penetrating in online platforms to boost sales.

pH Meter Market 2022 Outlook, Current and Future Industry Landscape Analysis 2027

More than 1.6 million pH meters were sold in 2018, according to a new analytical study of Future Market Insights (FMI). While the unit sales of pH meter market has been estimated to grow by promising 4.7% Y-o-Y in 2019, over 85% of the total sales will be accounted by digital pH meters. In terms of revenue, FMI’s analysis opines that the global pH meter market value will grow at a CAGR of more than 5% over 2019-2027.

pH Meter Becoming an Imperative Control Parameter

pH meters are used significantly in scientific, industrial, and household applications across numerous industrial sectors, such as power industries, pharmaceuticals industries, food & beverages industries, the mining sector, and the oil & gas sector. However, according to FMI, burgeoning applications of pH meters in chemical and petrochemical industries will hold a major share in growth of the pH meter market across the globe over the forecast period.

The importance of determining the properties of a chemical samples has been on the rise, which remains the important factor to trigger a high demand for pH meters in the chemical and petrochemical industries for petroleum refining processes. pH is thus becoming an important control parameter in the petrochemical and chemical industries and this is likely to influence upcoming trends in the pH market during the foreseeable future.

Growing Demand for pH Meters in Healthcare Industry

pH meters are commonly used for calculating pH of whole blood PLTs (WBPs) as they are an important equipment used in surrogate test of bacterial infection. pH meters are also used to stop the transfusion of bacterially contaminated WBPs and RBCs. Hence, the demand for pH meters in the biotechnology filed, as well as in hospitals and pharmaceutical laboratories, has witnessed rapid growth. These are also among the major factors propelling the pH meter market across the globe.

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Government Regulations Vis-à-vis Water and Wastewater Treatment Boost Demand for pH Meter

The report has cited high demand for pH meters within multiple industrial sectors in North America and Europe, owing to strict regulations by respective governments pertaining to the industrial sector.

Asia Pacific excluding Japan is expected to hold a prominent share of the global pH meter market over the forecast period. Increase in spending by the governments and organisations to cope with the rapidly growing urbanisation, water policies, the implementation of safe water principles, as well as numerous international protocols & policies to ensure water safety are some of the factors that are estimated to fuel the growth of the pH meter market in the Asia Pacific excluding Japan region.

In the Middle East & Africa, the pH meter market is estimated to grow significantly as the World Health Organization has published stringent guidelines pertaining to the obtainability of safe water for the public, as Middle East Africa has the lowest number of people with access to safe drinking water. Governments in the Middle East Africa region are focusing on refining the quality of water, which is another parameter fuelling the growth of pH meter market in the Middle East Africa. These are some of the factors fuelling the growth of the market across the globe.

Tier-1 Manufacturers in pH Meter Market to Emphasize Strategic Acquisitions

According to the FMI analysis, Mettler-Toledo, Emerson Electric Co. and Thermo Fisher Scientific are among the prominent manufacturers of pH meters. Developments and innovations in pH meters, along with developing relations with customers and rising number of acquisitions, are among the prominent strategies followed by the manufacturers of pH meters.

Some of the key manufacturers of pH meters are Endress + Hauser Digital Labs GmbH, Hanna Instruments, Omega Engineering, Agilent Technologies, PerkinElmer, ThermoWorks, WTW inoLab, Beckman Coulter, Metrohm, Contech, Sartorius AG, and Hach.

Global Optical Spectrum Analyzer Market 2022 Outlook, Current and Future Industry Landscape Analysis 2030

Optical spectrum analyzer market is considerably gaining from the rising demand in the IT and telecommunication industry. According to a new study by Future Market Insights (FMI), the market will continue exhibiting steady growth since optical spectrum analyzer is an important tool in signal discrimination that finds application across diverse industries starting from IT to aerospace.

The telecom industry has expanded exponentially in the last few years, which has in turn created lucrative prospects for the growth of the market.

Optical spectrum analyzer is highly sought-after in telecommunication industry. It is used to determine occupied bandwidth and track interference sources. The growth in IT and telecommunication industry is forecast to fuel the demand for optical spectrum analyzers in the coming years. The market also is expected to gain from the rising demand in medical & healthcare, energy & utilities, and other end-use industries.

According to Future Market Insights (FMI), the global optical spectrum analyzer market is set to grow at 5.8% CAGR during the forecast period from the year 2022 to 2030.

Despite facing slower growth rate due to COVID-19 pandemic in the recent year, the market is soon likely to recover, creating ample opportunities for the companies operating therein.

FMI offers an exhaustive overview of the optical spectrum analyzer market, its growth drivers, and restraints.

2015-2021 Global Optical Spectrum Analyzer Market Outlook Compared to 2022-2030 Forecast

Optical spectrum analyzer (OSA) is in high demand in the telecommunications industry. It is used to determine the bandwidth held and to track sources of disruption. The growth of the IT and telecommunications industry is expected to further the need for optical spectrum analysts in the coming years.

Spectrum analyzer is an accurate tool used to measure optical bands for further analysis and is in high demand in the medical and healthcare industry. As the medical and healthcare industry grows rapidly, the demand for optical spectrum Analyzer is growing exponentially.

Optical spectrum analysts also play an important role in the energy and resources industry. They are used to measure the distribution of light energy over a wavelength domain. As the energy and resources industry grows steadily, the demand for optical spectrum Analyzer will increase.

Various R&D activities have taken place in the Optical Spectrum Analyzer market over the past two decades. These activities focus on improving the accuracy, efficiency, and overall performance of the Optical Spectrum Analyzer.

Therefore, based on these factors, the Optical Spectrum Analyzer market is likely to grow at a significant rate during the forecast period. The growth of Optical Spectrum Analyzer is likely to grow at a growth rate of 6.9% by Volume over the assessment period of 2022-2030.’

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global optical spectrun analyzer market

Some of the key takeaways from the report are highlighted below-

  • Portable optical spectrum analyzer is gaining traction as more preferred products among various industries
  • Wavelength meter mode of optical spectrum analyzer is highly sought-after in the market
  • The IT & telecommunication industry will continue exhibiting high growth for optical spectrum analyzer
  • North America has emerged as a highly lucrative market. In the coming years, the demand from South Asia as well is expected to rise at a high rate

COVID-19 Impact Analysis

The COVID-19 pandemic has hampered the growth of several industries, including key end users of optical spectrum analyzer market such as IT, aerospace, and others. In the beginning of this year, the manufacturing units had to struggle with restrictions such as shortage of raw materials, decrease in manpower, closed supply chain, and others during extended period of lock down.

Contrary to this, the pandemic resulted in surge in demand for optical spectrum analyzers from medical & healthcare industry due to increase in rush of patients. Despite being impacted by COVID-19 pandemic, the optical spectrum analyzer market is set to grow steadily throughout the forecast period.

Who is Winning?

The global optical spectrum analyzer market is set to grow exponentially in the coming years. In order to sustain their positions, the key market players are focusing on developing more sophisticated products.

For instance, AMS Technologies has launched their new range of optical spectrum analyzers such as Ultra Optical Spectrum Analyzer (OSA) Spectrometer, UltraBright Spectrometer, HyperFine Spectrometer, and others in order to target the key end users such as telecommunication, medical, and others.

Global Optical Spectrum Analyzer Market by Category

By Product Type:

  • Portable
  • Benchtop
  • Handheld

By Mode Type:

  • Spectrometer Mode
  • Wavelength Meter Mode

By End Use:

  • IT & Telecommunication
  • Medical & Healthcare
  • Energy & Utilities
  • Automotive
  • Institutions
  • Aerospace & Defence
  • Semiconductors & Electronics

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • MEA
  • Oceania

Aerosol Packaging to Remain Highly Sought-after for Personal Care & Cosmetics Products: Study

Aerosol packaging has emerged as a preferred rigid packaging format that finds daily use among consumers. The rising demand from industries such as personal care & cosmetics, food & beverages, pharmaceuticals, and others will continue driving the aerosol packaging market. According to Future Market Insights (FMI), the aerosol packaging market will surpass US$ 6.72 Bn by 2021.

Aerosol packaging consists of various features which increase their attractiveness. They are light in weight, cost-effective, temperature resistant, and offer extended product life. Aerosol packaging is available in different materials such as aluminum, tin-plated steel, plastic, and glass.

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Over the past few years, aerosol packaging is gaining popularity due to the rising use of personal care & cosmetic products. Also, with the rising concern about cleanliness is driving the sales of homecare sprays, which is ultimately bolstering the growth of aerosol packaging market.

Future Market Insights forecasts that there are ample opportunities for the manufacturer of aerosol packaging in the coming future due to the rise in usage of aerosol packaging in various sectors. The growth of aerosol packaging seems lucrative across various regions.

The expansion of personal care & cosmetics industry will remain chief growth driver in most regions. FMI has forecast over 40% of aerosol packaging to be sold in the sector in 2021.

Key Takeaways from Aerosol Packaging Market

  • Driven by increasing application in personal and home care industries, aerosol packaging market will expand at 4.8% CAGR between 2021 and 2031
  • High spending power will support growth in the U.S., enabling it to spearhead North America, as it continues to account for over 80% sales through 2031
  • The U.K. will emerge as a highly lucrative pocket for sales within Europe, exhibiting 2.9% y-o-y growth in 2021 after a period of suppressed sales in 2020
  • Germany and France will remain other attractive markets for aerosol packaging in Europe
  • Expansion of personal care and beauty industry will stoke sales in Japan and South Korea

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“Manufacturers have been focusing on customizing designs to cater to dynamic consumer requirements. There also is immense focus on make their products more recyclable to offer greater sustainability” says FMI analyst.

Rise in Demand for Aerosol Packaging in Homecare Sector

Aerosol packaging for homecare sector includes sprays used for cleaning, fragrance sprays, and others. The rising concern for health has resulted in the increasing use of various products to keep the home and workplace clean. These homecare sprays are made up of aluminium, tin-plated steel, or plastic material along with different cap types attached to them.

Moreover, these sprays are easy to use and they help cleaning the surface without worrying about the product temperature or life. Aerosol packaging used for homecare products are cost effective and easy to handle, store, and transport. On the back of these factors, the market for aerosol packaging is estimated to expand during the forecasted period.

Who is Winning?

Ball Corporation, Crown Holdings, Inc., and Berry Global, Inc. are the top players operating in the aerosol packaging market. Furthermore, Silgan Holdings Inc., CCL Industries Inc., Aptar Group Inc., are some of the key players in the aerosol packaging market. The Tier 3 players in the market hold 60-65% in the global aerosol packaging market. In conclusion, key players contribute almost 35-40% of the global market.

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Aerosol Packaging Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global aerosol packaging market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the aerosol packaging market on the basis of product type (cans, bottles & cylinders, and jars), material (aluminum, tin plated steel, plastic, and glass), cap type (actuators, trigger sprayer, fine mist sprayer, and other dispensing caps) and end-use (personal care & cosmetics, food & beverages, homecare, and other industries) across seven regions.

Time Temperature Indicator Labels Market Gaining Impetus from Food and Pharmaceutical Cold Supply Chain Applications: FMI

The global time temperature indicator labels market has been moderately affected from 2019 to 2020, with the challenges posed by the COVID-19 pandemic. Restrictions on production, international trade, and supply chains held back short-term growth.

According to a new report by Future Market Insights (FMI), the market crossed US$ 742 Mn through 2019, with a healthy 6.6% CAGR till the end of the forecast period in 2030. According to the report, innovations in intelligent packaging solutions and enzymatic labels are support long-term developments.

In spite of the positive prospects of the time temperature indicator labels market, low awareness about time temperature indication technologies, especially in developing countries might hold back market growth.

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Key Takeaways

  • The size of the time temperature indicator labels market is estimated to surpass US$ 776 Mn by the end of 2020, with food and drug storage and transport applications being major driving factors for the market
  • Pharmaceutical manufacturers will remain primary end users, while applications in food and beverage processors are expected to grow at a relatively faster rate driven by the adoption of cold supply chains
  • Critical time and temperature indicator technologies will account for higher demand owing to cost and weight benefits, accounting for over 80% of the market
  • Europe followed by North America are leading regional markets for time temperature indicator labels, supported by the presence of leading pharmaceutical players and strict regulations in terms of health and food safety

“Growing levels of domestic and international trade for perishable commodities is a major driver of the global time temperature indicator labels market. Extensive application of these labels for clinical products, seafood, and wine especially in developing countries will continue boosting the shipping of these items, in turn creating lucrative prospects for time temperature indicator labels sales” says the FMI Analyst

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Covid-19 Impact Analysis

The covid-19 pandemic has had a moderate impact on the global time temperature indicator labels market. Supply chain disruptions and restrictions on manufacturing activities due to lockdown have hindered short-term market prospects.

Manufacturers have taken to diversifying supply chains away from China to minimize the impact of the outbreak. The need for cold supply chains for the covid-19 vaccines are likely to prove lucrative to market players.

Also, the growth of the ecommerce sector during the pandemic and online purchases of drugs and food has created lucrative growth opportunities, which is helping in cutting down losses during the crisis period.

Competitive Landscape

Major players in the time temperature indicator labels market landscape include 3M Company, CCL Industries Inc., Temptime Corporation, Bizerba SE & Co. KG, Delta Trak Inc., Thin Film Electronics ASA, Biosynergy Inc., Evigence Sensors, Insignia Technologies Ltd., and La-Co Industries Inc. among others.

Manufacturers are increasingly relying on product development and launch strategies to incorporate novel tech advancements in addition to acquisitions, mergers, and geographical expansion to offer improved solutions and to widen their consumer base in a fragmented market landscape.

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More Insights on FMI’s Time Temperature Indicator Labels Report

Future Market Insights in its latest report offers a detailed analysis of the global time and temperature indicator labels market covering historical demand from 2015 – 2019 and forecast data for the period between 2020 and 2030. The study covers projections of growth in the market in terms of product type (color only based and barcode based), label information (critical temperature indicators, critical time temperature indicators, and time temperature indicators), technology (microbiological, diffusion, polymer-based, photochemical, enzymatic, and others), and end use industry (pharmaceutical, food & beverage, chemical & fertilizers, and others), across seven key regions.

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

Produce Packaging Market Will Grow by 4.4%; Corrugated to Remain Top-selling Packaging Type

According to the report by Future Market Insights, the global produce packaging market will register a moderate CAGR during the forecast period. The overall sales in the market is expected to surpass US$ 33 Bn by 2021.

Increasing awareness regarding the healthy food products and growing incidence of food-borne illnesses are propelling the demand for fresh food products. Coupled with this, growing consumption of meat-free and gluten-free food products will create a conducive environment for sales.

The growing environmental concerns and stringent government regulations regarding the use of plastic have improved the demand for sustainable paperboard and corrugated boxes for produce packaging. In order to capitalize on this trend, key companies are focusing on developing sustainable and innovative produce packaging solutions.

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For instance, in September 2021, Jujo Thermal announced the launch of Shieldplus, a game-changing recyclable fiber-based barrier material for food produce packaging. These products provide a sustainable solution for packaging of dry, moist and fatty foods, which also has excellent barrier properties to protect the contents and to maintain their quality.

A plethora of such developments will aid the growth in the produce packaging market over the coming years. Against this backdrop, FMI estimates, the global produce packaging market is poised to expand at 4.4% CAGR between 2021 and 2031.

Key Takeaways from FMI’s Produce Packaging Market Study

  • In terms of packaging type, plastic containers are projected to exhibit fastest growth through 2021
  • Re-packers end-use segment will account for nearly 50% of global market share through 2031
  • China and Japan are identified as the key producers and exporters in the global produce packaging market
  • South Korea produce packaging market represented nearly 7% of sales in global market between 2020 and 2021

“Key players in produce packaging market are collaborating with e-commerce food stores and local retail stores to gain competitive edge. In order to gain competitive edge, market players are focusing on developing compact and sustainable produce packaging solutions, which also meet the requirement from retail stores,” says the FMI analyst. 

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Competitive Landscape

As per Future Market Insights, Mondi Group, Amcor PLC, Berry Global Inc., and Ball Corporation are identified as the top 4 players in produce packaging market. These players are expected to contribute around 8%-10% of global market revenue in 2021.

Key companies operating in produce packaging market are focusing on sustainability and introducing recyclable and eco-friendly packaging to attract consumers. Also, some of the players are introducing new launches to strengthen their global footprints.

Get Valuable Insights on Produce Packaging Market

Future Market Insights, in its updated report, presents an exhaustive analysis on the global produce packaging market, covering historical demand data and forecast figures for the period between 2021 and 2031. The study divulges compelling insights on growth drivers and market potential in detailed segmentation basis of application (food grains, vegetables, and fruits), end user type (growers/shippers, re-packers, and retail stores), and packaging type (corrugated boxes, bags & liners, plastic containers (cups, tubs, bowls etc.), trays, and other packaging) across seven major regions including North America, Latin America, Europe, Asia Pacific excluding Japan, Middle East & Africa, and Japan.

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About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

Surface Protection Films Market to Hit US$ 2 Bn Mark in 2028, COVID-19 Pandemic to Hinder Sales Expansion

The global surface protection films market is anticipated to expand at a CAGR of 5.5% over the forecast period of 2020-2030. The market is witnessing a demand upsurge to protect metal & plastic sheets, glass & mirrors, pre-painted surfaces, carpets, and furniture surfaces from vibrations and dust scratches.

Various types of surface protection films, such as transparent, translucent, and coloured/tinted films have been gaining traction over the past couple of years, attributable to the rising preference for protective packaging. Furthermore, the ability to provide chemical, UV, and abrasion resistance to several industrial and non-industrial applications is broadening the adoption of surface protection films.

As such, the global surface protection films market is set to experience decent growth through 2030, crossing a valuation of US$ 2 Bn towards the end of the forecast period.

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“The growth outlook for the market seems promising, owing to excellent conformability, high adhesive strength, and abrasion-resistant attributes of surface protection films. On the other hand, sales are estimated to witness considerable decline in the next two quarters of 2020, owing to the COVID-19 pandemic across continents. Majority of revenue is realized from the construction and electronics industries. Lockdown and restrictions on import & export activities in high potential countries such as China and India have created an adverse impact on these Industries. This will hinder the growth of the surface protection films market in the near term. However, shifting inclination towards the adoption of protective packaging solutions will boost the demand for surface protection films over the coming years.” 

Key Takeaways from Surface Protection Films Market Study

  • Glass & mirrors remain key application areas of surface protection films, followed closely by furniture surfaces. These two collectively accounted for nearly 45% revenue share in 2019, primarily attributable to growth of the construction industry.
  • Polyethylene (PE) remains highly preferred for manufacturing surface protection films, owing to its low cost and exceptional tear-resistant attributes. This polymer material will continue to maintain its positive trend over the decade ahead.
  • The construction & interiors and electrical & electronics industries would be the immediate end users of surface protection films, capturing around ¾ value share, collectively.
  • The global surface protection films market is highly competitive. Manufacturers of surface protection films are focusing on providing additional features and employing newer technologies such as self-healing to ensure easy peeling without leaving any residue on the surface. These innovations provide convenience features to end users, and help manufacturers in achieving product differentiation.

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surface protection films market share by region pr

Focus of Prominent Manufacturers on Market Consolidation

Leading players in the global surface protection films market are focusing on strengthening their foothold in the landscape by expanding their business footprints. Manufacturers are also enhancing their production capacities through strategic mergers & acquisitions.  For instance,

  • In March 2020, Pregis a North America-based manufacturer, acquired Italian temporary protective films manufacturer Soprad. The company Soprad is a manufacturer and supplier of performance-oriented adhesive protective films for a variety of surfaces, including metal, plastic, glass, and carpets.  In July 2018, the company launched cost-effective, temporary surface protection films specifically-designed for a new generation, fingerprint-resistant or speciality-coated products.
  • In August 2017, Chargeurs S.A. acquired OMMA Srl., one of Italy’s leading manufacturers of application machines for surface protection films.
  • In June 2017, Bischof + Klein SE & Co. KG set up a new extrusion coating line. This is expected to increase the output and enable complete omission of solvents.

For Information On The Research Approach Used In The Report, Request TOC@ https://www.futuremarketinsights.com/toc/rep-gb-4470

About the Surface Protection Films Market Report

Future Market Insights, in its new offering, offers an unbiased analysis of the global surface protection films market, analyzing historical demand of 2015-2019 and forecast statistics for 2020-2030. The study unravels growth projections of the surface protection films market on the basis of thickness (up to 25 microns, 25-50 microns, 50-100 microns, 100-150 microns, and above 150 microns), material (PE, PET, PP, PU, PVC, and others), colour (transparent, translucent, colored/tinted, and opaque),

technology (adhesion lamination and co-extrusion coating/lamination), application (metal sheets, glass and mirrors, pre-painted surfaces, plastic sheets, PVC profiles, furniture surfaces, carpet protection, and other applications), and end use (construction and interiors, electrical and electronics, automotive, industrial, healthcare, and others), across seven major regions. Furthermore, the scope of the report focuses on surface protection films consumed in the packaging industry

For additional information, write to the analyst at press@futuremarketinsights.com

Electric Toothbrush Market 2022 Outlook, Current and Future Industry Landscape Analysis 2027

According to the market report published by Future Market Insights titled ‘Electric Toothbrush Market: Global Industry Analysis and Opportunity Assessment 2019-2027’ the revenue generated from electric toothbrushes is estimated to be valued at over US$ 3,483.3 Mn in 2019, which is projected to increase at a CAGR of 7.4% during the forecast period (2019-2027).

High prevalence of periodontal diseases and increasing awareness about the advantages of electric toothbrushes are prominently driving the market. Increase in awareness about oral hygiene, periodontal diseases such as plaque build-up to increase the life of the teeth are among factors driving the global electric toothbrush market. Growing oral health concerns among senior citizens, patients, and children owing to periodontal diseases are promoting the usage of oral hygiene products,. which is generating high demand for electric toothbrush in the global market.

Research Highlights: Global Electric Toothbrush Market

  • The ease of usage will remain the driving force positioning an electric toothbrush as a smarter choice over manual toothbrush, despite a higher price point.
  • An electric toothbrush integrated with advanced technologies such as rotation oscillation, and sonic will continue to witness solid demand over the forecast period.
  • Innovative electric toothbrush variants that are equipped with several features to help people develop appropriate brushing habits will gain traction.
  • Multiple brushing modes of electric toothbrush models specialized for teeth whitening, and sensitive teeth brushing among others will continue to witness steady popularity.

Tech-driven Innovations Improve the Ease of Electric Toothbrush Usage

Electric toothbrush has several advantages over manual toothbrushes. Unlike manual toothbrushes, electric toothbrushes are integrated with efficient technology of improving conditions such as gingivitis that ultimately result in plaque formation. These toothbrushes are equipped with brush heads that are replaceable, and they provide reminders for due replacement.

Furthermore, an electric toothbrush is equipped with pressure sensors that provide information on hard brushing. Electric toothbrush is being increasingly perceived as easier and safer over conventional counterparts, especially in case of children and seniors. Research also says that even arthritis patients find it easier and more comfortable to use electric toothbrush, as it is less painful than its manual variant.

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Continuously Evolving Electric Toothbrush Designs: An Emerging Market Trend

Toothbrush is typically designed to remove dental plaque without damaging the hard and soft tissues of teeth and gums. Modernized toothbrush designs are better equipped with cutting-edge technologies that make them more efficient in terms of brushing capabilities.

The global electric toothbrush market is likely to grow at a CAGR of 7.4% during the forecast period, in terms of revenue. According to FMI’s report, North America will secure the largest market share in electric toothbrush landscape owing to maximum prevalence of oral health conditions and awareness, coupled with rapid adoption of electric toothbrush and other advanced technology enabled products.

Global Electric Toothbrush Market by CategoryBy Product Type:

  • Rechargeable
  • Battery Powered

 By Head Movement:

  • Sonic/Side-By-Side
  • Rotation/Oscillation

By Price:

  • Economy
  • Mid-Range
  • Premium

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Drug Stores & Pharmacies
  • Convenience Stores
  • Online Retailers
  • Other Sales Channels

By Region:

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