The Surgical Stapling Devices Market is likely to grow at a CAGR of 7.6% through 2026, reaching US$ 4.1 Billion

With deployment of advanced technologies, medical practitioners will keep adopting specialised devices that facilitate specific surgical operations in medical procedures. Rising number of invasive surgeries has necessitated the need for improved devices for wound management. And, surgical staples have effectively replaced sutures for closing wounds during such procedures.

Future Market Insights recently published its report on the global market for surgical stapling devices, the highlights from which indicate that rising number of laparoscopic surgeries performed across the globe have triggered the use of surgical stapling devices.

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According to Future Market Insights, the global demand for surgical stapling devices is propelling along with the world’s rising geriatric population. Lesser time consumed by surgical stapling devices for closing wounds, and the accuracy & precision of these devices is favouring their adoption for treating wounds of aged patients. In 2016, close to US$ 2,000 Mn worth of surgical stapling devices were sold in the world. The report projects that these revenues will be doubled by the end of 2026, projecting that the global surgical stapling devices market will soar steadily at 7.6% CAGR.

In the report, titled “Surgical Stapling Devices Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” North America has been identified as the largest market for surgical stapling devices. By the end of forecast period, more than US$ 1,000 Mn revenues will be solely attributed by North America’s surgical stapling devices market.

Advanced healthcare infrastructure in Western Europe has facilitated the region’s surgical stapling devices market, which will register a value CAGR of 7.9% through 2026. Although, fastest consumption of surgical stapling devices will be witnessed in the Asia-Pacific excluding Japan (APEJ) region. The APEJ surgical stapling devices market is expected to soar at the highest CAGR of 8.6%.

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Leading Manufacturers of Surgical Stapling Devices: Medtronic plc, Grena Ltd., Purple Surgical Holdings Limited, Dextera Surgical Inc., Johnson & Johnson Services, Inc., 3M Company, and Meril Life Sciences Pvt. Ltd.

The report reveals that hospitals will remain the largest end-users of surgical stapling devices in the world – accounting for more than 60% of global revenues. Meanwhile, the demand for surgical stapling devices will also gain traction in ambulatory surgical centres. Key findings in the report indicate that powered surgical stapling devices worth US$ 1,182 Mn were sold globally in 2016, while the demand for manual surgical stapling products is anticipated to incur a downtrend in the years to come.

Throughout the forecast period, six out of ten surgical stapling devices sold in the world are likely to be disposable, while revenues from reusable surgical stapling products will be growing at a sluggish rate. Preference to curved surgical stapling is also on a rise, revenues from which are expected to soar impressively at 9% CAGR.

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Dermatological surgeries will undoubtedly require greater number of surgical stapling devices. The report estimates that in 2016, nearly US$ 600 million revenues were amassed from the sales of surgical stapling devices in treatment of skin-related surgical wounds. The use of advanced surgical stapling devices is also expected to gain momentum for closing dissected or ruptured blood vessels during surgeries. Wounds situated in the patient’s digestive tract are also being treated by surgical stapling, and by the end of 2026, around US$ 665 million worth of devices will be consumed for such treatments.

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About the Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here

Increasing Cases of Obesity Offering Pectin Market a Fair Chance of Growth: FMI

According to a new study by FMI, the pectin market value is estimated at ~US$ 921 Mn in 2021. The growth in demand for pectin among consumers is primarily driven by its fat- & cholesterol-free nature and its application as a fat substitute in the bakery industry. The bakery industry is one of the industries that cover a wide variety of food products and attract consumers from all age groups.

In recent years, growing health concerns among consumers has compelled bakery industry operators to offer fat-free products, thereby potentially raising the demand for pectin. Moreover, the vegan nature of pectin is likely to work to advantage of the bakery industry amid the rise of vegan culture across the globe and notable increase in number of population preferring vegetarian diet.

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“Pectin, a plant-based product, has been garnering significant traction as a viable ingredient in the F&B industry, owing to its natural and vegan nature. In addition to special property of binding with the intestinal wall and protecting it from opportunistic microbial invasion during stress, pectin offers a number of health benefits. Moreover, it is one of the most easily available and cost-efficient products, making it ideal for multiple applications in food, beverages, and nutraceutical industries.”

The pectin market is mainly segmented on the basis of product, application and region:

Based on product, the pectin market is segmented as high methoxyl pectin, and low methoxly pectin. Low methoxly pectin remains the most preferred product, as it requires low sugar to form gels, unlike high methoxly pectin that requires high sugar levels. Although high methoxly pectin holds relatively low share in the market, it is expected to increase by 3-4% over the forecast period.

Noteworthy application of pectin includes various products such as jams & jellies, beverages, bakery filling & toppings, dairy products & frozen desserts, confectioneries, meat & poultry products, dietary supplements, functional foods, pharmaceuticals, personal care & cosmetics, and others. Among these, owing to wide applications in the bakery industry, consumption for bakery & toppings as well as jams & jellies is likely to account for relatively high sales.

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Pectin as a Solution to Various Complex Health Problems

Pectin is a solution to various health issues that were previously unable to cure. For example, niacin is an organic chemical taken by various consumers to supplement their diet with vitamin B3 and various important nutrients. But, it is also known to cause skin flushing in the face and upper body parts, which previously was treated as an allergy.

However, after deep research, it turns out that pectin helps in curing skin flushing caused by niacin, and skin flushing is not an allergy but a side effect of consuming more niacin. Similarly, pectin is known to treat ulcerated mouth and throat by simply applying it in the affected areas. Moreover, the replacement of chemicals with plant-based products in pharmaceuticals will continue to favor the growth of the pectin market.

Environment-friendly Attributes Accounting for Greater Gains

With global warming and its disastrous consequences being constantly in the news, and plastics and other non-biodegradable products being banned by governments, humans are on the lookout for sustainable alternatives. Using pectin to make paper and plastic substitute is the most important and major step that manufacturers have taken towards protecting the earth.

Pectin, owing to its gelling property, can make proper paper plates and its plant-derived nature makes it safe for the environment as well. Innovations using pectin can also be seen in its usage to make foams and plasticizers. As pectin is considered safe, it is most commonly used to make edible films so that there is no need to remove the covering and food can be consumed directly.

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The pectin market study done by FMI offers deep insights to the reader about the market’s today and forecasted growth. According to FMI, the pectin market is projected to grow with a CAGR of ~7.8% during 2022-2032.For in-depth information on Pectin Market, write in to the analyst at press@futuremarketinsights.com

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

India – World’s 3rd Largest Market for Alcoholic Beverages – to Consume 14 Bn Ltrs. of Alcohol by 2026-end

The number of alcohol consumers in India continues to rise on the account of rising urban population. Consuming alcoholic beverages has become a customary tradition for a majority of people residing in India’s urban cities. Changing lifestyles and increasing incomes are compelling them to consume alcohol on a frequent basis. Future Market Insights recently published its study on India’s alcohol market, which estimated that more than INR 2.5 trillion worth of alcohol was consumed in 2016. The study further projected that consumption of alcohol in India is less likely to decline in the years to come. By the end of 2026, more than 14 billion litres of alcohol will be sold across India.

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According to the report, revenues amassed from sales of alcohol in India will soar vigorously at 7.4% CAGR, and reach INR 5.1 trillion value by the end of 2026. In terms of volume, India’s alcohol consumption in 2016 has been estimated to have surpassed 8 billion litres and will grow at 5.5% CAGR in the due course of forecast period. An in-depth analysis on India’s alcohol distribution indicated that just above three-fourth of alcohol consumed in the country is government controlled. In 2016, alcohol distributed in India through open market sales made revenues worth over INR 400 billion. Meanwhile, about 550 million litres of alcohol was auctioned in India by the end of 2016.

India’s Alcohol Market: Report Highlights

  • Nearly two-third of India’s alcohol revenues will be accounted by sales of Indian-made foreign liquor (IMFL)
  • In 2016, more than 1,800 million litres of strong beer was consumed in India
  • By the end of 2026, white wine sales in India will have brought in an estimated INR 16.8 billion in revenues
  • Revenues amassed from sale of country liquor in India will have soared at 5.5% CAGR
  • Whisky will be the most-preferred type of alcohol in India, while sales of white spirits will grow at more than 11% CAGR

Key findings of the report, titled “Alcohol Market: India Industry Analysis and Opportunity Assessment, 2016-2026,” projected that Southern and Western states of India will continue to contribute to more than 80% of alcohol revenues through 2026. Bangalore’s SAB Miller India Ltd. and United Spirits Ltd., and Mumbai-based Tilaknagar Industries Ltd. and Allied Blenders & Distillers Pvt. Ltd. are key players partaking in the growth of India’s alcohol market.

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Meanwhile, the consumption of alcohol will witness a considerable dip in India’s northern and eastern zone. Even still, a majority of alcohol manufacturers & suppliers in India are originating from New Delhi. Companies such as Carlsberg India Pvt. Ltd., SOM Distilleries & Breweries Group, Radico Khaitan Limited, Globus Spirits, and Jagatjit Industries Ltd. are based in and around the country’s capital. Shimla’s Mohan Meakin Ltd. and Daman’s Khemani Group are also recognised as some of the leading alcohol manufacturer in India.

Over 90% of Indian Alcoholics are Men

Among every ten alcohol consumers in India, nine of them will most probably be men; leaving a slight chance that the tenth one is a woman. With more than 90% stake in India’s alcohol revenues, the country’s men will be offering over INR 4.7 trillion for consuming alcohol by the end of 2026. Likewise, Indian women are also likely to increase their contribution to the Indian alcohol market. During the forecast period, revenues accounted by sales of alcohol to Indian women will have soared at the fastest pace, registering a stellar CAGR of 8.6%.

Consumption of alcohol containing molasses as key ingredients will remain higher in India. Grains will also serve to be a preferred raw ingredient used for producing alcohol in India.  Although, production of alcohol through agricultural produce such as fruits & vegetable will remain negligent till the end of 2026. The report also anticipates that consumers will be more inclined towards buying Indian-made liquor – regardless of it being a foreign or Indian brand. Consumption of foreign liquor bottled in India is also likely to grow, but showcasing a marginal degree of increment.

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Queries regarding the research findings can be addressed to Future Market Insights’ analysts at press@futuremarketinsights.com

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Orthopaedic Imaging Equipment Market will reach US$ 14.6 Bn as Need for X-Ray Systems and CT-Scanner Increases

According to a recent study by Future Market Insights (FMI), the global orthopedic imaging equipment market is expected reach US$ 9.8 Bn in 2021. Sales are expected to increase at a CAGR of around 4.0% over the forecast period (2021-2031).

Orthopedic imaging equipment is the medical imaging equipment used for bone scanning, implants scanning and is utilized for diagnosis purposes. Different imaging technologies such as X-rays, MRI, ultrasound, EOS and nuclear imaging are included in orthopedic imaging equipment.

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Rising prevalence of orthopedic diseases and bone injuries, technological advancement in orthopedic imaging equipment devices, and rise in research and development activities by key manufacturers are factors driving the orthopedic imaging equipment market.

Numerous medical imaging modalities are currently enabling three-dimensional (3D) visualization with accuracy, and rapid diagnoses. Advancements in 3D imaging have led to development in computer-assisted detection (CAD) and image analysis applications. This is expected to boost the market for modality, primarily in tomographic imaging techniques.

Moreover, surgeons are using 3D imaging to plan surgeries, which has led to increased application of these systems. This is expected to increase the utilization of imaging equipment, especially across the U.S. and the U.K.

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Consequently, these devices are also gaining high traction in Asia such as China and India due to growing demand for better health care infrastructure. Improving healthcare infrastructure and technological developments in these countries will increase the demand for 3D medical imaging equipment.

Key Takeaways from Orthopedic Imaging Equipment Study

  • In terms of product type, the X-ray systems is expected to account for 28.0%, expanding at a CAGR of 3.3% during the forecasted period.
  • By indication, the acute injuries segment will contribute over 56.6% of sales in the global orthopedic imaging equipment market.
  • Hospitals and radiology centers will, collectively, account for 68.2% of the market share in 2021.
  • With the advancements in technologies as well as the increasing geriatric population, North America held the largest share of over 30.5% in 2021.
  • India and China are expected to lead the growth of South and East Asia in the global orthopedic imaging equipment market.

“Growing geriatric population, increasing incidence of bone fractures and orthopaedic illness, and increasing need for 3D medical imaging technology are expected to fuel the demand for orthopedic imaging equipment over the forthcoming decade,” says the FMI Analyst

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Who is winning?

The key market players covered by FMI include General Electric Healthcare Limited, Siemens AG, Esaote SPA, Hitachi Ltd, Koninklijke Philips N.V, PLANMED OY, EOS imaging, Canon Medical Systems Corporation, Carestream Health and Neusoft Corporation.

Some of the leading manufacturers of the orthopedic imaging equipment market are focusing on the development of advanced and cost-effective products establishing distribution agreements, collaborations and partnerships strategies for global expansion objectives, thereby, enhancing their market presence.

  • In September 2021, GE Healthcare acquired BK Medical for $1.45Bn to expand its $3bn ultrasound business from diagnostics to surgical and therapeutic interventions.
  • In April 2016, Hitachi Ltd Company integrated Hitachi Medical Corporation and Hitachi Aloka medical into Hitachi Ltd to strengthen its manufacturing operations and to develop low-cost medical devices.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

Widefield Imaging Systems Market To Gain 80% Of Revenue From Widefield Imaging Systems Instrument Sales By 2031

According to a recent study by Future Market Insights (FMI), the global widefield imaging systems market is expected to register high growth during the forecast period. The market is expected to grow from US$ 556.9 Mn in 2021 to over US$ 1.3 Bn by 2031. It is expected register a CAGR of around 8.6% over the forecast period (2021-2031).

Significant rise in cases of diabetic retinopathy is expected to propel the growth of the global widefield imaging systems market during the forecast period.  Widefield retinal imaging includes imaging of peripheral retina that is the main site of various ocular diseases.

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Widefield imaging aids in diagnosis of peripheral retina diseases. Occurrence of eye diseases like vision impairment is rising among teenagers. Increasing usage of mobile phones and computers results into digital eye strain, and is mainly responsible for visual impairment among teenagers.

As per the Centers for Disease Control and Prevention, in 2020, approximately 6.8% of children below 18 years have been detected with vision and eye condition in the United States.

Increasing technological awareness and high focus on healthcare innovations are some of the factors encouraging the adoption of these instruments. Additionally, certain companies, as a part of their product strategies, are launching technologically advanced equipment, to consolidate larger market share.

Government funding towards expansion of healthcare infrastructure will support growth in developing countries. Moreover, corporate contracts based on rent-to-own model is a feasible option in emerging economies such as India and Brazil which could create significant opportunities for manufacturers of widefield imaging systems to capitalize on.

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Key Takeaways From Widefield Imaging Systems Market Study

  • Widefield imaging instruments will account for 80% sales in the global market in 2021 of.
  • Diabetic retinopathy is the most rapidly growing segment by indication, accounting for nearly 1/3rd of the market share.
  • Standalone type of modality will remain highly preferred, contributing 56.4% towards overall sales in the market in 2021.
  • Demand in hospitals accounted for 40.2% of widefield imaging systems sales in 2020.
  • North America will remain the dominant widefield imaging systems market globally, exhibiting a CAGR of nearly 8.6% between 2021 and 2031.

“Growing prevalence of diabetic retinopathy, technological advancements in imaging techniques, and favorable government policies are expected to drive the widefield imaging systems market over the decade,” says the FMI Analyst

Who Is Winning?

The key market players covered by FMI include Heidelberg Engineering GmbH, Visunex Medical Systems, Inc., Carl Zeiss Meditec AG, Clarity Medical Systems, Inc. Optos plc, and Centervue SpA.

The leading manufacturers of widefield imaging systems are focusing on new product development and launch of advanced versions of existing devices. Their aim is primarily to expand their portfolio to gain competitive edge. For instance:

  • In March 2020, Heidelberg Engineering announced the reintroduction of its HRT3 Rostock Cornea Module (RCM) to offer in vivo corneal confocal microscopy in its anterior segment product portfolio, supporting cornea specialists worldwide to further improve patient care.
  •  In August 2020, ZEISS announces new software for the IOLMaster® 700, with enhanced features and connectivity designed to improve the cataract surgeons’ workflow efficiency and support better outcomes for surgeons and patients.

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Want More Insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global widefield imaging systems market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights on widefield imaging systems segment based on component (instrument and software {image viewing software and data analysis and interpretation software}), indication (diabetic retinopathy, retinopathy of prematurity, pediatric retinal diseases, retinal vein occlusion, ocular oncology, uveitis, chorioretinal disease, glaucoma and others), modality (standalone and portable)  and end user (specialty clinics, hospitals and ambulatory surgical centers) across seven major regions.

Global Microfluidics Market Poised for Robust CAGR of over 14% through 2026, APEJ Emerges Most Lucrative Regional Market

Applications of microfluidics in drug delivery and diagnostics will continue to fuel the market for microfluidics over the next few years. “The US$ 2.9 Bn microfluidics market will possibly cross US$ 11 Bn by the end of 2026. North America is expected to contribute over US$ 3 Bn to the total revenues in 2026. The collective share of North America and Asia Pacific will be over 40%,” states Future Market Insights in a recently published market report outlook, titled “Microfluidics Market: Global Industry Analysis and Opportunity Assessment, 2016-2026.”

The report by Future Market Insights analyses the global market for microfluidics over a 10-year forecast period, 2016-2026. The market is likely to witness a robust CAGR of 14.4% over the assessed period.

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Key Insights: Market Dynamics

  • Increasing discretionary funding from national labs for R&D in the developed regions will remain a primary factor driving the growth of market through 2026.
  • Improving healthcare infrastructure and wide availability of affordable microfluidic devices or kits are also foreseen to boost the market growth in near future, especially in developing countries.
  • Expansion of drug delivery sector will favour the market growth in near future.
  • Consistent advancements in the fields of genomics and proteomics are also expected to benefit the sales of microfluidics-based devices and kits.
  • Dynamic collaborations between key market players and active involvement of government entities will collectively foster the market through 2026.

Key Insights: Segments

Ceramics will remain dominant material type

Based on material, ceramics will continue to be the most sought after material for microfluidic device or kit manufacturing. Ceramics segment is expected to remain dominance, accounting for over 42% market value share in 2026, followed by glass, polymer, and silicon. While ceramics is likely to witness the fastest growth, polymer segment is anticipated to exhibit a significant CAGR of over 15% over 2016-2026, driven by PVC.

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POCT will be dominant application segment

By application, POCT (point of care testing) segment is projected to retain dominance through 2026, accounting for over 33% share in terms of revenues. Clinical diagnostics and analytical testing will remain the next major segments in the global microfluidics market.

In-vitro diagnostics industry will hold maximum revenue share

On the basis of industry, in-vitro diagnostics, life science research, and pharmaceuticals are likely to be the key segments. In-vitro diagnostics segment is estimated to hold a share of over 35% in the total market revenues. The fastest growing segment will be in-vitro diagnosis.

APEJ will be the most lucrative regional market

Geographically, North America, followed by Western Europe are expected to remain the dominant regions for microfluidics, capturing respective market value share of over 26% and over 21% share by 2026 end. Asia Pacific (excluding Japan) will possibly represent the most lucrative market, expanding at a significant CAGR of over 14% throughout the forecast period. This growth is attributed to growing use of microfluidics devices and kits for in-vitro diagnostics. North America and Western Europe will also exhibit significant growth rates over 2016-2026.

Key Insights: Leading Market Players

Some of the most prominent players in the global microfluidics market, include Agilent Technologies, PerkinElmer Inc., Thermo Fisher Scientific Inc., Qiagen NV, Bio-Rad Laboratories, Inc., Fluidigm Corporation, Abbott Laboratories, and F. Hoffmann-La Roche Ltd.

Almost all the leading companies serve point of care testing application and survive the competition with an individual differentiating strategy. Thermo Fisher Scientific Inc. and Abbott Laboratories, through active engagement in agreements and collaborations with leading regional companies, highlight a growing trend of strategic mergers and acquisitions among the top companies.

For detailed quotes or resolution to queries regarding the global microfluidics market, Future Market Insights’ analysts are available at press@futuremarketinsights.com

About the Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here

The U.S. High Pressure Processing Market is expanding at a CAGR of 16.7% during 2016-2026

In its latest report, Future Market Insights (FMI) has identified few of the major trends governing the overall market for high pressure processing equipment (HPPE). In brief, rapid adoption of high pressure processing technique among premium juice manufacturers, automation and technological innovation and growing number of HPP tolling service providers are playing a major role in shaping the market trajectories currently.

Hiperbaric S.A — Most Successful Player in Recent Years

According to the report, Hiperbaric S.A a prominent manufacturer of high pressure processing equipment is the current leader in the global market as the company’s hold over the North American region is substantially strong.

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FMI’s Insights on Growth Factors

  • FMI indicates that the growing demand for processed, packaged and ready-to-eat food products worldwide is encouraging the use of high pressure processing equipment in food and beverage industry.
  • Growing health concerns and increasing awareness amongst consumers on health benefits from “clean label” food is projected to influence the market growth during 2016 to 2026.
  • Implementation of stringent regulatory norms pertaining to food safety, especially in North American and West European countries are compelling food processing companies to install efficient HPP equipment in processing plants.

The adoption rate of HPP equipment for cold pasteurisation in F&B industry is one the major parameters based on which the global market size has been calculated. FMI forecasts the global high pressure processing equipment market to witness a CAGR of over 13 % in terms of value and a CAGR of 12.3% in terms of volume between 2016 and 2026. The US$ 133.5 Million HPP equipment market is estimated to create an incremental $ opportunity of over US$ 350.5 Million during the assessment period.

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Horizontal Vessels — Leading Arrangements Type Segment

Based on vessel arrangements type, the horizontal vessel is expected to be the predominant segment of the market in terms of value over 2026. Growing demand for horizontal vessel arrangements is expected to make a significant contribution to the overall market growth. Horizontal vessels possess easy loading and unloading operations with a high volume capacity, hence, have a higher preference in the market.

By applications, the meat is the largest segment in the market both in terms of value and volume. Whereas, the juice & beverage segment is anticipated to witness the fastest growth in terms of value during the forecast period.

Based on capacity, demand for above 300 litres vessels or containers is expected to gain traction over the next couple of years. Despite their high cost, above 300 litres vessels segment is projected to register a strong CAGR due to their high holding capacity.

Based on the regional analysis, the market in North America will continue to lead the pack during the forecast period. In 2016, the region accounted for over 40% share of the market followed by Europe. In addition, both the regions collectively accounted for nearly 75% share of the market in terms of value in 2016. Owing to a substantially high demand for HPP equipment from tolling services providers and their growing application base across various end-use industries, the HPP equipment market is flourishing in the region of North America. In Asia Pacific, particularly China is set to witness a robust adoption of HPP equipment in various industrial domains over the next few years.

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Competitive Dashboard

Apart from Hiperbaric S.A, Stansted Fluid Power Ltd, Multivac Group, Bao Tou KeFa High Pressure Technology Co., Ltd, Avure technologies, and Kobe Steel, Ltd., are some of other key players operating in the global market for high pressure processing equipment.

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

Direct to Garment Printing Market : Global Industry Analysis 2015-2019 and Opportunity Assessment 2020-2030

Direct to Garment Printing Market Overview

Direct to Garment Printing Market: An overview

The developments in the fashion industry have driven the demand for the garment design and printing industry. The trend of customized printing with brand owners tailoring their marketing communications on garments has led to growth in the opportunities for direct to garment printing market.

The primary reason for the growth of the direct to garment printing market is the purchasing habits of the consumers. Demographically, millennials are raising their spending on aesthetical designs on their garments. These designs provide an enhancement in the garment industry where digital designs can be printed on the garments.

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The personalized and customised variation in the garments increases the customers satisfaction of wearing a unique design which is likely to augment the demand for the direct to garment printing market.

The direct to garment printing allows absorption of inkjet inks by the fibres of the garment and provides with shorter run times, enhanced cost-effectiveness and accurate colour matching. Thus, it is a quick and affordable way of creating unique designs compared over traditional printing which is anticipated to grow direct to garment market in the forecasted period of 2019-2029.

In most applications direct to garment printing uses water based inks which are environment friendly and naturally sourced. This might lead to increase in the demand by direct to garment printing solution providers who are looking for greener alternatives compared to plastisol inks for printing solutions which would hike the demand for direct to garment printing market.

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Direct to Garment Printing Market: Dynamics

The key driver for the growth of the direct to garment printing market is the population of millennials. Their preference towards graphically designed t-shirts and creatively designed apparels which are digitally printed is going to positively impact the direct to garment printing market.

The changing buying patterns had led to rise in the popularity of the latest textile designs. E-commerce has boosted the demand for many brand owners to provide the direct to garment printing solutions and besides it has a positive impact on the offline direct to garment printing market.

Furthermore, attributes such as heat transfer, reduced cost of printing digitally, the growth of apparel industry sales, and the advancements in the graphic and creative designs in fashion have augmented the demand for direct to garment printing market.

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Direct to garment printing is an evident choice for printing service providers since the demand is robust due to emerging fashion trends and margin is good in segments such as garment decoration and customisation which might boost the demand for direct to garment printing market.

The recent development has seen the focus of major printing companies to adopt the trend. Epson in January 2020 debuted its first industrial direct-to-garment printer to leverage bulk ink pack system and dual print head technology, which provides remarkably low ink cost and minimum waste. The printed textile market is seeing tremendous growth which is complemented by new printing technology which is poised to surge the direct to garment printing market in the coming years.

Direct to Garment Printing Market: Regional Outlook

The Asia Pacific is expected to grow in having its share in the direct to garment printing market owing to its growth opportunities led by the rapid growth of e-commerce and evolution of fashion awareness in the emerging markets of counties such as India.

The overall direct to garment printing comprises of a large number of players globally, the market is highly fragmented in nature. Additionally, because of the presence of a large number of players in the market the direct to garment printing market has emerged to be highly competitive.

The major player concentration can be seen in the Asia Pacific, Europe and North America region. Attributing to its varying consumer trends across the region the direct to garment printing market is foreseen to expand and attract a larger consumer base which is likely to boost the demand for the direct to garment printing market.

Direct to Garment Printing Market: Key Players

The key players in the direct to garment printing market are:

  • Mimaki  Engineering Co Ltd
  • ROQ International
  • Sawgrass Technologies Inc
  • Seiko Epson Corporation
  • The M&R Companies
  • Durst Group
  • Kornit Digital Ltd
  • Aeoon Technologies GMBH
  • ColDesi Inc
  • Electronics for Imaging (EFI) Inc
  • Stork Prints B.V.
  • Scalable Press
  • Direct to Garment printing Services
  • Print Aura
  • Contract DTG

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on cement packaging market segments and geographies.

Regional Analysis Includes-

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

Direct to Garment Printing Market: Segmentation

The direct to garment printing market is segmented by substrate, end-use and use of inks.

By Substrate

  • Cotton
  • Bamboo
  • Hemp
  • Linen
  • Silk
  • Polyester
  • Others

By the usage of inks

  • HSA (High Solid Acrylic)
  • RFU (Ready For Use)
  • Others

By end-use

  • Clothing and apparel
  • Household
  • Others (Display)

Digital Label Printing Market : Value Chain, Stakeholder Analysis and Trends by 2030

The onset of digital printing solutions for manufacturing of packaging materials is creating a highly lucrative market for packaging companies, printing service providers, and commercial printers. Eventually, success at the point of sale (PoS) is a multimillion-dollar business for brand owners and producers.

The global digital label printing market will grow at a significant CAGR throughout 2020-2030. Factors such as cost-effectiveness, less labor requirement, and reduced waste production are enabling broader adoption of digital label printing. Such benefits of digital label printing are making them commonplace in various sectors such as food & beverages, cosmetics, and pharmaceuticals.

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COVID-19 Impact Analysis on Keyword Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Digital Label Printing market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Digital Label Printing market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

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Digital Label Printing Market – Segment Analysis

The global market is segmented as the following:

By System Type

Toner system, Inkjet System, Others

By End Use

Converting Companies, Consumers, Packaging Companies

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.

Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the keyword market

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Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Paper Recycling Market : Value Chain, Stakeholder Analysis and Trends by 2028

Paper Recycling Market Overview

Introduction and Need of the Product:

Increasing urbanization and middle class population with surge in literacy rates in the developing countries such as India, China, and Brazil will create the huge demand for paper products such as newsprint, packaging, and writing paper. Also, changing consumer preferences towards convenient packaging solutions along with sustainability in mind will diminish the demand for plastic packaging and hence fuel the paper and paperboard industry.

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Despite being highly recyclable material, PET material is not yet recycled more than 30% of its annual consumption. Growing concern towards polymer-based products will not only diminish its future prospects but simultaneously increase the demand for paper and paperboard which is fully bio-degradable in nature.

Recycling of paper has become a major trend in the paper and paper board industry, primarily due to unavailability or scarcity of the raw material. Recycled paper is the major source of the raw material for most of paper mills in the developing as well as developed countries. Recycling of paper not only saves more and more natural resources but also saves lots of manufacturing expenses.

Primary application for the recycled paper are the newsprint paper, printing & writing paper, and packaging products. More than 35% of the paper raw material demand in the countries such as India and China are fulfilled by the recovered paper. India imports a lot of recovered paper to meet its domestic demand due to lack of waste paper collection and segregation channels in the country.

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Increasing demand of the paper-based packaging products in the food and industrial markets will also brighten the future prospects of paper recycling business in the next few years. Packaging waste, if not recycled, may pollute the environment and create serious health problems.

Paper Recycling Market: Market Dynamics

Paper recycling market has witnessed significant growth in the last few years due to increasing concern over depleting environmental resources. The demand for recycled paper is increasing at a CAGR of more than 7-8% annually in the developing countries. Major challenges in the paper recycling market is the high cost of machinery, inefficient waste paper collection and segregation system, and high competition from the international players.

Primary focus of the local paper recyclers is to establish proper collection and segregation systems to facilitate the collection of the waste paper in the region. Leading recycling companies are establishing automatic and highly efficient recycling systems to curb high manufacturing cost and eliminate labor intensive operations by automating the existing process.

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There are lots of opportunities in the paper recycling market in the developing countries such as China because it is the leading importer of the waste paper in the world. This scenario could be reversed by the increase in domestic production of the recovered paper in the country.

Paper Recycling Market: Regional Overview

On the basis of region, the Paper Recycling market is segmented into seven regions which include North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, Middle East & Africa, and Japan. Approximately more than 57 million tons of paper is collected in the Europe for recycling activities. And the collection rate is steadily increasing, exceeding 50% every year.

Also, more than 50% of the raw material demand in the Europe is fulfilled by the recycled paper. Newsprint, followed by packaging products, is the largest end use application of the recycled paper. Paper recycling market is growing but at a slower rate in developed regions than developing ones.

Asia-Pacific and Latin America region has high potential for paper recycling market because of the lower paper recycling rates in the region along with the low penetration of the paper recycling companies in the region. Governments in countries such as India and China are also supporting paper recyclers to protect natural resources from depletion and increase recycling rates in the region.

In MEA region, UAE and Saudi Arabia will soon ban plastic packaging products which will create the high demand for paper packaging products in the region. Escalating demand will also boost the demand for recycled paper in the region.

Paper Recycling Market: Market Players

Some of the key players in the Paper Recycling market are Hanna Paper Recycling, Inc., International Paper Company, DS Smith Recycling Holding B.V., Waste Management Inc., WestRock Company, WM Recycle America, LLC, Sonoco Recycling LLC, Caraustar Industries, Inc., Pratt Industries, Inc., Saica Group, Ricova Recycling.

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

The report covers exhaust analysis on:

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

Regional analysis includes:

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Paper Recycling Market: Market Segmentation:

Paper Recycling Market Segmentation: By Source of Collection

  • Industries
  • Offices
  • Households

Paper Recycling Market Segmentation: By Application

  • Newsprint Paper
  • Cardboard
  • Writing & Printing Paper
  • Packaging Products

Paper Recycling Market Segmentation: By Collection & Segregation Channel

  • Kerb-side Pick-up
  • Paper Bank Collection
  • Municipal Solid Waste (MSW) Collection