Market Research Blog

Future Market Insights (FMI) in its latest study has forecast the global period panties market to grow at 15.8% CAGR between 2020 and 2030.  By the end of 2021, the market’s valuation is expected to reach US$ 180 Mn. The rise in awareness about feminine hygiene coupled with the increase in demand for eco-friendly period panties is projected to present lucrative opportunities for expansion of the market.

An increasing number of women getting conscious about the prevalence of the diseases associated with unhygienic menstrual management practices and they are opting safer ways to maintain the proper menstrual hygiene. According to the National Center for Biotechnology Information (NCBI), women who use reusable absorbent pads are more likely to be diagnosed with at least one urogenital infection than women using disposable pads. Disposable period panties being meant for maintenance of proper hygiene and providing comfort are experiencing surge in demand.

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The COVID-19 pandemic has affected the sales of the market severely, especially earlier this year. However, the market seems to be recovering steadily owing to the rise in requirement for the safer and more hygienic ways of menstrual management practices. FMI in the study reports growth at decelerated pace in 2020. However, 2021 onwards the market is expected to regain momentum.

FMI offers an in-depth analysis of the market trends, potential, growth, and restraints.

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

• Brief-styled period panties are increasingly preferred style
• Disposable period panties will emerge as highly sought after product in the coming years
• Sales of medium-sized period panties will remain considerably high
• Maximum sales of period panties are expected to happen via offline sales channels, however, growth exhibited by online channels is expected to happen at a higher rate
• North America is expected to remain the dominant market for period panties yet East Asia and South Asia are expected to report growth at higher rate

“The demand for hygienic menstrual management has increased the requirement of period panties substantially over the past decade. The rise in concern about maintaining proper female hygiene is forecast to boost the growth of the market further in the coming years. With an increasing number of consumers willing to spend for better comfort, period panties sales are expected to pick up,” says an FMI analyst.

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COVID-19 Impact Analysis

The global period panties market has suffered major set-back due to the outbreak of novel coronavirus, during the first half of this year. The sudden lock down followed by the decrease in demand due to the shifted focus towards emergency requirements has slowed down the growth of the market.

While the market is overcoming the restraints such as financial crisis, unavailability of enough raw materials, and others, the demand for period panties is rising again to let the market expand further. According to FMI, the market is likely to get back to its feet by the end of the next year paving new paths to excel for the key market players.

Who is Winning?

The global period panties market has a highly competitive environment. In order to sail through the cut-throat competition, the key market players are focusing on launching of better quality products.

For instance,

• Knixwear launched its new range of absorbent, machine-washable, and comfortable leakproof period panties such as Leakproof Boyshort, Leakprooof High Rise, Leakproof Bikini, and others in 2020
• Modibodi launched its new extensive range of period panties such as Seamfree Full Brief Heavy-Overnight Absorbency, High-Waist Bikini Heavy-Overnight Absorbency, and others in 2020. They are focusing on brining quality products for all body types of women to target wider range of consumers

Prominently driven by rapid increase in establishment of food manufacturing and processing units, adoption of fire protection systems for industrial cooking is further fueled by industrial safety regulatory framework. The market build-up has been solid over the past decade and is set for a healthy CAGR of 6% during the forecast period (2019 – 2029).

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A new Future Market Insights (FMI) study reveals that Asian markets are turning highly lucrative for manufacturers of fire protection systems catering to industrial cooking sector, as Asia Pacific has been witnessing strong growth in the commercial kitchen and foodservice industry.

Key Takeaways – Fire Protection Systems for Industrial Cooking Market Study

• Wireless, automatic, and compact designs in fire alarm systems that fit most industrial layouts, and are compliant with guidelines set by regulatory bodies such as NFPA, are projected to gain more relevance.
• High installation and maintenance costs of wired alarms will result in reduced preference for these systems in the future.
• Key players are focused on launching early suppression fast response fire sprinkler systems that are capable of releasing large volumes of water (100 gallons per min), and have improved response time.
• North America currently represents more than a fourth of the global market value and will continue to lead its way in fire protection systems for industrial cooking market.
• In the backdrop of a large number of fire incidents in the U.S., strategic collaborations between manufacturers and installers will complement the amplifying demand for fire protection systems in industrial cooking sector.
• Increasing demand for commercially-prepared food has paved the way for a growing number of food joints and restaurant chains. Robust growth in food ventures has been witnessed in recent years, which is expected to reduce cooking activities within industrial and manufacturing unit premises.

Fire protection systems for industrial cooking are designed and installed in accordance with standards, codes, and rules that are based on actual fire tests. Product customization, with proven advanced fire protection system installations, will play a key role in the value chain of the market.

Competitive Landscape Remains Fragmented

The market structure is considered to be fairly fragmented, with a large number of smaller companies offering identical products. Furthermore, growing number of players in the fire protection systems for industrial cooking market has been driving manufacturers to incorporate forward integration in terms of services, by offering installation, product consultancy, and aftersales support.

Key players such as Honeywell International Inc, Siemens AG, United Technologies Corporation, Emerson Electric Co., Johnson Controls International Plc, and Gentex Corporation hold a prominent share of market pie in terms of revenue, backed by long-term partnerships with consumers and well-established sales networks.

On the other hand, top manufacturers are strategically acquiring regional players, and retaining their brands to expand global presence. For instance, Johnson Controls International Plc provides safety services and solutions such as fire extinguishing systems under many brand names, including Ansul, Tyco Integrated Security, and Tyco SimplexGrinnell.

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What Lies Ahead for Fire Protection Systems for Industrial Cooking Market?

Increased inclination towards performance efficiency will continue to be the prime driver for the development of technologically-advanced fire protection systems for use in various industries. Most customers are inclined towards purchasing fire protection systems with novel connectivity systems and reduced response times.

The global labeling equipment market is moderately fragmented with several players operating in the market. However, most key manufacturers have established their presence in prominent countries such as Germany, Italy, China, the U.S., and Japan. According to Future Market Insights, the market will surpass US$ 4.9 Bn by 2031.

Manufacturers present in the German and Italian market offer high-quality and technologically innovative labeling equipment, as compared to other countries. However, these products cost significantly more, creating a fragmented landscape.

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Chinese manufacturers compete based on the per-unit cost as their offerings are available at a lower cost. 60%-70% of the end-user businesses in the Asia-Pacific region are small-scale enterprises that do not have enough funds to import machinery from countries such as Germany, Italy, and the U.S.

Companies have expanded their market presence through acquisitions and merger strategies to mark their presence at a regional level. Low barriers for market entry and consistency in demand, acts as a major influencing factor in the labeling equipment market.

Labeling equipment is projected to experience significant demand in the global market, with significant growth of the healthcare and pharmaceutical industry and elevated usage of e-commerce across the globe.

Key Takeaways in Labeling Equipment Market Study

• Top labeling equipment is expected to witness accelerated growth with a CAGR of ~5.1% throughout the forecast period, supported by a wider scope of application.
• Automatic labeling equipment will account for more than 55% of the market share by 2031. Developments in automation and machine learning drive demand.
• Consumer safety, record keeping, and are factors driving the use of RFID labeling solutions at a CAGR of ~5.4% during the forecast period.
• India is estimated to account for over 47% of the South Asia value share by 2031. It is also the fastest growing market for labeling equipment in the region.
• Germany holds the lead in Europe and is holding a market share of over 14% in 2021. The European market is expected to reach a market value of US$ 137 Mn by 2021.

“High performance and productivity with plug-in expansions, improved flexibility, and application with multiple substrates are fueling growth. Robotic integration and customization are a few features that are expected to shape market developments through 2031,” says an FMI analyst.

Pressure-Sensitive Labeling Machines Gain Traction

Pressure-sensitive labeling machines that contain adhesives such as wet glue or hot melt glue are gaining traction. Reduced time and cost requirements are key factors supporting sales. Superior flexibility and wider scope of applications support growth prospects.

These features not only help manufacturers create better products, but also help them with mass customized label orders. The market is expected to develop at a high pace due to ongoing innovations and technological improvements.

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Impact of COVID on Labeling Equipment Market

The pandemic situation has disrupted the flow of workforce and logistic supplies due to lockdowns in many countries. Imports and exports were negatively affected in 2020 due to gaps in the transport chain.

However, a strong boost is expected in 2021-2022 to mitigate losses incurred in 2020. The market is expected to improve with a YOY growth of ~4.5% to 4.6% during 2021 and 2022. COVID-19 has deeply affected the food and pharmaceutical market with variations in consumer consumption patterns, lockdown restrictions, and altered laws in various sectors.

Competitive Landscape

Tier 3 players in the market hold 75-82% of the global labeling equipment value share. Market leaders contribute 20-25% of the global market. Geographical expansion and merger and acquisition strategies are likely to remain important through the coming decade.

Quadrel Labeling Systems, Krones AG, KWT Machine Systems Co. Ltd., Label-Aire, Inc., Sidel Group, Nita Labeling Equipment, FUJI Seal International Inc., Sato Holdings Corporation, Pack Leader Machinery Inc., Accutek Packaging Equipment Co. Inc., Pro Mach, Inc., HERMA Labeling Machines, Sacmi Imola S.C, Langguth, Accraply Inc., Multi Pack Machinery Company, World Pack Automation Systems Private Limited, Evolabel AB, Avery Dennison Corporation and Markem-Imaje Corporation are also some of the notable players in the labeling equipment market.

The wide scope of devices in pulmonology healthcare, increased number of surgical procedures performed, and faster regulatory approvals are key factors that are expected to generate major growth opportunities in the industry for the coming decade. The pulmonology devices market is estimated to rise at an impressive CAGR of over 10% through the end of the forecast period in 2031. Growing patient awareness about COPD and asthma, and developments in associated government healthcare initiatives will support long term growth in the industry.

“Frequent technological advances, superior portability, and ease of handling for modern pulmonology devices are boosting adoption in home and alternate care settings as well. Furthermore, non-profit and government initiatives, and awareness programs, and an influx of funding for research studies have positively influenced developments within the industry,” says the FMI study.

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Pulmonology Devices Market – Primary Takeaways

• Disposable, miniaturized bronchoscopes will witness increased uptake owing to lower health risks and ease of handling.
• Chronic obstructive pulmonary disease treatment applications hold major market share, driven by its high mortality rate.
• Awareness programs and government incentives have set up Brazil as a high potential market.
• The U.S. holds major market share on the back of easier access to new healthcare technologies and major investments into medical infrastructure.

Pulmonology Devices Market – Growth Factors

• Poor atmospheric conditions and widespread prevalence of respiratory ailments is generating demand.
• Innovations in terms of home care therapeutic devices is creating lucrative growth opportunities.
• Advances in minimally invasive surgical procedures are contributing to growth within the industry.

Pulmonology Devices Market – Major Constraints

• Unfavorable reimbursement settings in many countries is a key factor holding back adoption rates.
• Risk of side effects on neonatal patients is a key challenge restraining market growth.

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Expected Impact on Market by Coronavirus Outbreak

The pulmonology devices market has been moderately affected by the ongoing covid-19 pandemic. While the market has been driven by a high volume of bronchoscopy procedures. Restrictions and postponed elective medical procedures has slowed down adoption rates. In addition, restrictions on trade have disrupted supply chains for essential raw materials and components, limiting short term growth prospects.

On the other hand, the use of specialized pulmonology devices to manage cases of respiratory failures in covid-19 patients frequent innovation in respiratory care technologies, and positive demographic trends, has helped to partially mitigate losses, and will create key lucrative opportunities for revenue generation in the near future.

Competition Landscape

Leading manufacturers operating in the pulmonology devices market include but are not limited to Merit Medical Systems, Boston Scientific Corporation, Micro-Tech (Nanjing) Co. Ltd., CONMED Corporation, Hunan Vathin, Olympus Corporation, United Medical Surgical Services Ltd., Cook Medical Incorporated, Verathon Inc., Medi-Globe GmbH, and Ambu A/S.

Major players in the pulmonology devices market are invested in strategies towards portfolio expansion. This includes efforts of product development and launch in addition to strategic mergers and acquisitions for long-term revenue generation options.

The Translational and Clinical Research Institute at Newcastle University, U.K., developed the novel Exovent negative-pressure ventilator aimed towards patients with respiratory failure, with lower levels of intrusion as compared to CPAP and positive pressure ventilation. GOQii announced approval for three wearable pulmonology devices by the Central Drugs Standard Control Organization in December 2020. Further, Olympus announced the acquisition of Veran Medical Technologies for a valuation of US$ 340 million to widen its portfolio of interventional pulmonology solutions.

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More on the Report

FMI provides detailed actionable insights on the pulmonology devices market. The market is segmented in terms of product (pulmonary biopsy devices, endobronchial ultrasound needles, airway stents, airway extraction baskets, and single-use bronchoscopes), indication (lung cancer, COPD, foreign body extraction, tracheal and bronchial stenosis, and others), and end user (hospitals, pulmonology clinics, and ambulatory surgical centers), across seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa).

Explore Wide-ranging Coverage of FMI’s Healthcare Landscape

Medication Management System Market: Find insights on the medication management system market with analysis of statistics, segments, players, influencers, and business strategies adopted over a 10-year forecast period.

Medical Bionic Implants and Exoskeletons Market: FMI’s report on the medical bionic implants and exoskeleton market provides insights on the market for 2017-2027. The study provides insights on restraining forces, revenue sources, market leaders, and market strategies.

Cancer Tissue Diagnostics Market: An analysis on the cancer tissue diagnostics market with information on opportunities, growth levers, regional markets, restraints, regulatory policies, and strengths of market players.

Faster networking is catering to the ever-growing demand for efficient geospatial information distribution and transmission. This, in turn, enables consumers and governments to more effectively use and share spatio-temporal data for real-time applications, thereby propelling geospatial solution market growth.

As indicated by a new research intelligence study of Future Market Insights (FMI), the global geospatial solution market will witness stupendous growth at a CAGR of nearly 15% during the forecast period of 2019 to 2029. This strong growth outlook of the global geospatial solution market has been attributed to the advancements in computing capacity for geospatial solution-based research and applications.

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Key Takeaways – Geospatial Solution Market Study

• Developers are offering geomedicine solutions, which is not an emerging field, yet holds a lot of potential to boost the growth of geospatial solution market during the following years.
• Blockchain technology is estimated to witness massive adoption in the foreseeable future. This technology can be geospatially enriched when combined with geospatial solution-based technologies such as Geographic Information System (GIS).
• Drones are estimated to witness a considerable adoption rate during the forecast period. New standards and legislations introduced by national governments are likely to motivate drone manufacturers and end users to operate more freely, thus driving the growth of the geospatial solution market.
• Global Positioning System (GPS) is estimated to retain a substantial revenue share in geospatial solution market.
• Remote sensing technology will register a significant CAGR over the projection period.

High performance cloud computing services, such as cloud GIS and computing networks including CyberGIS are providing national governments with tools with which they can easily access and contribute to the growing repositories of geospatial solutions, tools, services and data.

Geospatial Information Becoming Critical Asset for Businesses

Conventionally, geospatial technology was confined to use in aeronautical and maritime organizations, intelligence agencies, and the military sector. However, the demand for geospatial solutions is rising from almost every end-use industry. Geospatial solutions have become an essential element in how organizations operate their business. At present, organizational decision making is highly dependent on data processing technologies. Thus, organizations are prioritizing geospatial data analysis as they recognize collected geospatial information as a mission critical resource to manage.

A constant search for new information tools, sources, experts, and solutions drives end-users to persistently find new and innovative ways to utilize data and discover patterns in the accumulated information using geospatial solutions. One of the most noteworthy growth areas in the broad data processing arena is data visualization. Existing end users have found geospatial solutions to be the key to efficient data visualization, irrespective of whether the accumulated information is two or three dimensional. Therefore, the geospatial solutions market is estimated to be highly attractive during the forecast period.

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Witnessing robust expansion over 2022 – 2029, the global market for oil & gas pipeline coatings will reach the revenues worth US$ 7 Bn towards 2029 end. Growing offshore exploration and production activities, stabilizing crude oil prices, rise in cross-country pipeline projects and rehabilitation of existing pipelines are some of the key factors that would majorly account for increasing demand for oil & gas pipeline coatings in the market.

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Oil & gas Pipeline Coatings Market​ Key Takeaways

• Fusion bonded epoxy (FBE) coatings, attributing to their low coefficient of friction and low permeability, create a tight barrier that prevents permeation of cold and hot liquids. This property would continue to position them as a preferred choice for oil & gas pipeline coatings.
• The Asia Pacific region, which has more than 10,000 miles of pipeline under construction and further over 9,750 miles of planned pipeline projects, is likely to reflect robust growth opportunities facing players operating in the oil & gas pipeline coatings market.
• With crude oil prices recovering, investments in the oil & gas industry are projected to rise by 6% between 2017 and 2025. These will fuel exploration & production activities around the world, propelling oil & gas pipeline coatings demand.
• In the upstream segment, although onshore sector constitutes most of the market share, offshore sector, driven by increasing investments, is estimated to witness robust growth in the oil & gas pipeline coatings market.
• Stringent regulations pertaining to volatile organic compound (VOC) emissions are anticipated to impede the growth of solvent-based oil & gas pipeline coatings, which are prone to VOC emissions during the drying process.

Pipe laying in deep waters or high operating temperatures, and increasing corrosive properties of flow materials have been driving advancements in pipeline coatings. These advances such as thermal insulation will bring forth a range of new technological frontiers in the pipeline coatings space in the near future.

Market Landscape Moving towards Consolidation

The oil & gas pipeline coatings market is technology driven and remains dominated by a handful of players that possess extensive R&D capabilities. Leading players operating in the global oil & gas pipeline coatings market, Akzo Nobel N.V., PPG INDUSTRIES, Sherwin-Williams Company, Axalta Coating Systems, RPM International Inc., and BASF SE, are focusing on acquisitions of smaller and technology-driven paint & coating manufacturers to build on their product expertise and enhance market positioning.

What Does Future Hold?

Crude oil prices are extremely volatile in nature, affected by growing U.S. oil & gas production, OPEC production cuts, and oversupply of crude oil. Considering the number of pipeline projects in the construction phase and older, existing pipelines in need of reconditioning, the oil & gas pipeline coatings market is projected to witness robust growth during the forecast period.

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Interested in Detailed Actionable Insights?

Future Market Insights has published a market research report on the oil & gas pipeline coatings market that contains global industry analysis for 2014–2018 and opportunity assessment for 2019–2029. The report provides insightful analysis of the oil & gas pipeline coatings market through four different segments, namely coating type, formulation base, application, and region. The oil & gas pipeline coatings market report also provides demand trends of different coating types across three industry verticals, a comprehensive list of service providers in the market, various pipeline coating projects around the world along with a detailed overview of the parent market.