Blister Packaging Market Estimated to Expand at a Robust CAGR By 2031

The demand for blister packaging is set to reach 5.18 thousand tonnes in 2021, according to a new study by ESOMAR-certified market research and consulting firm, Future Market Insights. Higher preference for blister packaging over carton boxes in pharmaceutical industry continues to fuel demand primarily. Blister packaging sales are also complemented by growing demand from food, consumer goods, and veterinary industries.

While the steady growth of pharmaceutical industry is pushing the demand-supply curve upward, various guidelines for pharmaceutical packaging are further catalyzing the growth of blister packaging manufacturers. For instance, as per the FDA guidelines, pharmaceutical packaging must have features that prevent mix-ups and cross-contamination, specify procedures for examining packaging for suitability before packaging operations. Blister packaging fulfils all these criteria and hence it has high demand in the pharmaceutical sector.

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According to the India Brand Equity Foundation (IBEF), India is the largest provider of generic drugs globally, while Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the U.S. and 25% of all medicine in the U.K. Although pharmaceutical sector holds major pie of value share in the global market, consistently increasing demand for blister packaging is also attributed to its cost-effectiveness.

According to Future Market Insights (FMI), the future growth outlook for global blister packaging market seems promising as expenditure on healthcare and pharmaceutical across the globe is on significant surge.

Key Takeaways from Blister Packaging Market Study

  • Carded blister packaging remains lucrative, capturing over 55% share
  • Pharmaceutical segment to maintain the lead in terms of end use, holding over one-third share
  • High demand for thermoforming technology in manufacturing blister packaging to fuel sales
  • By material, plastic and aluminium collectively projected to hold over 75% of market share
  • The United States to remain at the epicentre, holding over 84% market value
  • The United Kingdom, Germany, France, China, and a few others to emerge lucrative for the suppliers

“Leading manufacturers operating in the global blister packaging market are consistently enhancing blister packaging format by incorporating advanced packaging technologies such as thermoforming and cold forming. Furthermore, the rise in demand for blister packaging with high barrier film for excellent air, moisture, and light resistance is expected to further propel the growth of the blister packaging manufacturers in the near future,” says an FMI analyst.

Pharmaceutical Industry Growth Key to Blister Packaging Sales

Blister packaging being predominantly used for air tight packaging, sealing, and storing of medicines such as tablets and capsules which are in the form of unit dosing, has high demand in the pharmaceutical sector. While the consumer preference for single serving of the medicines is raising the requirement of blister packaging, the exponential growth of the pharmaceutical industry is further catering to it.

The United States is the largest market for biopharmaceuticals, accounting for around a third of the global market, and is the world leader in biopharmaceutical R&D. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), U.S. firms conduct over half the world’s R&D pharmaceuticals (US$ 75 billion) and hold the intellectual property rights on newer medicines. These figures represent high demand for blister packaging in pharmaceutical industry which in turn is fuelling the sales of the manufacturers.

Blister Packaging Market by Category

Product Type

  • Clamshell
  • Carded

Technology Type

  • Cold Forming Technology
  • Thermoforming technology

Material Type

  • Plastic
    • PVC/Vinyl
    • PET
    • PE
    • Others
  • Aluminum
  • Paper & Paperboard
  • Others

End Use

  • Food
  • Pharmaceuticals
  • Veterinary and Nutraceuticals
  • Medical Devices
  • Electronics & Electricals

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Competitive Landscape

The blister packaging market is getting tougher in terms of competition experienced by the key players. In order to leverage the new opportunities, the key market players are focusing on launching better quality products. For instance,

  • Constantia Flexibles Group GmbH unveiled its new blister packaging solution named “Flexible Blister Packaging Solution” which runs on conventional strip packaging equipment and has similar barrier protections to that of traditional blister packaging despite having flexible film on both sides in 2019
  • Honeywell International Inc. launched its new Aclar Accel®, which is a new thermoformable barrier film for pharmaceutical packaging that provides faster service to companies at a lower cost while maintaining patient safety through increased protection for medicines in February, 2019

Some of the other prominent players in the blister packaging market are Sonoco Products Company, WestRock Company, Rohrer Corporation and Winpak Ltd. The Tier 3 players in the market hold 70-75% of the share while the key players contribute almost 25-30% of the global market.

 

About us :

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. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact :

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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Website: https://www.futuremarketinsights.com

Blow Fill Seal (BFS) Technology Market Prospects and Growth Assessment 2031

Blow fill seal (BFS) technology is highly sought-after as a preferred packaging solution in pharmaceutical manufacturing. It utilizes a single integrated machine to produce formulated drugs aseptically without any human intervention. According to Future Market Insights (FMI), the BFS technology market is set to reach US$ 2.6 Bn by the end of 2021. Overall growth forecast remains positive for the market, especially as demand for effective packaging technology continues to rise across various industries.

By using BFS technology, the plastic is blown, filled with the formulated product and sealed inside the machine continuously without any kind of external contamination. It is a fast, precise, and safe method for pharmaceutical filling and it uses lesser energy. The material used is often recyclable and more durable than glass. The machine is capable of producing different shapes according to the end user’s requirements. As BFS technology increases processing speed and supports contamination free packaging, this technology becomes a first choice of many end users.

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The BFS technology finds application across diverse industries. However, pharmaceutical industry remains its key end user. Main products produced using this technology are the bottles, ampoules, vials and pre-filled syringes, etc. which are used in filling of medicines, vaccines, ophthalmic, respiratory, injectable drugs, wound care, and biologics. Apart from this, BFS technology has applications in food & beverage, cosmetic and personal care, and many other industries.

Key Takeaways of Blow Fill Seal Technology Market Study

  • The BFS technology market is to exhibit 5.4% Y-o-Y growth in 2021
  • The U.S. will emerge as a highly lucrative destination, accounting for over 84% of the North America market
  • The U.K. is set to exhibit 8% Y-o-Y growth in 2021
  • France and Germany will emerge as highly lucrative markets for BFS technology in Europe
  • Japan and South Korea will continue exhibiting high demand

“Blow fill seal technology has been witnessing high demand from pharmaceutical companies in Latin America and Asia Pacific. Unit dosage packaging, such as prefilled syringes are in high demand, which in turn is spurring the demand for blow fill seal technology in these regions” says an FMI analyst.

Blow Fill Seal Technology Aids in Curbing Medical Non Adherence Issues

Over the past two decades, medical adherence has created a very critical situation for healthcare & pharmaceutical industry.

  • For instance: in USA, according to FMI study, it has been noticed that ~40%-50% of prescribed medications are not taken by the patients appropriately. Along with this, according to a study conducted by the Intercontinental Medical Statistics (IMS) health, it has been noticed that the matter of not taking medicine appropriately at right time is costing patients more than $200 Bn.

To contain the issue, the pharmaceutical industry is continually making efforts for improving medication packaging. The industry is focusing on appropriate and easy packaging for ensuring the matter of “right dose at right time”.

Against this backdrop, the demand for technologies that can instruct the patients to take accurate dose in a timely manner is rising. Companies, especially in North America are adopting blow fill seal technology to help to ensure better drug intake in a single dose.

Blow Fill Seal Technology Market by Category

By Product Type

  • Bottles
    • 0.2-100 ml
    • 100-500 ml
    • Above 500 ml
  • Ampules
    • 0.1-10 ml
    • 10-100 ml
  • Vials
    • 0.1-10 ml
    • 10-50 ml
  • Others(prefilled syringes & Injectables)

By Material Type

  • PE
    • LDPE
    • HDPE
  • PP
  • Others

By End Use

  • Pharmaceuticals
    • Ophthalmic
    • Injectables
  • Food & Beverage
  • Cosmetics & Personal Care
  • Others

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Blow Fill Seal Technology Market Landscape

Unither Pharmaceuticals SAS, Catalent, Inc., Curida AS, Unipharma LLC, Weiler Engineering Inc, GlaxoSmithKline plc, Takeda Pharmaceuticals International AG, Nephron Pharmaceuticals Corporation, Horizon Pharmaceutical Inc, Brevetti Angela S.R.L, Recipharm AB, Laboratorios SALVAT, S.A, The Ritedose Corporation, Unicep Packaging, LLC, Pharmapack Co. Ltd, Amanta Healthcare Ltd., Automatic Liquid Packaging Solutions LLC, Asept Pak, Inc and SIFI Spa are some of the keyplayers in the blow fill seal technology market. The blow fill seal technology market is fragmented and the Tier 1 players in the market hold 40-45% share in the global blow fill seal technology market.

Blow Fill Seal Technology Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global blow fill seal technology market, analysing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the blow fill seal technology market on the basis of product type (bottles (0.2-100 ml, 100-500ml, and above 500ml), ampules (0.1-10 ml and 10-100 ml), vials (0.1-10 ml and 10-50 ml), and others (prefilled syringes & injectables)), material type (PE, (LDPE and HDPE), PP, and others), end use (pharmaceuticals (ophthalmic, injectable, biologics, wound care and respiratory), food & beverage, cosmetics & personal care, and others across seven regions.

 

About us :

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. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact :

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Returnable Plastic Crates Market Prospects and Growth Assessment 2029

Nestable crates are expected to be dominant in the returnable plastic crates market, capturing around half of the market share over the forecast years. The stackable nature of these crates enables users to make efficient use of floor area. Lightweight, easy handling, and economical cost are other attributes that make nestable crates the preferred choice among end users.

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The returnable plastic crates market is expected to witness a growth rate of 5.5% throughout the forecast period (2019-2029), with demand continuing to grow due to their easy availability and comparative lower cost.

Manufacturers of returnable plastic crates can gain significant profits by targeting vertical farming manufacturers and catering to the increasing demand for packaging from the dairy industry.

Key Takeaways of Returnable Plastic Crates Market Study

  • By material type, high density polyethylene is anticipated to be a key segment in returnable plastic crates market, and is projected to capture more than 65% of the market share during the forecast period.
  • Demand from manufacturers of seafood, meat & poultry, and agriculture products is collectively expected to capture around 75% of the global returnable plastic crates market share, with its absolute growth expected to be more than any other segment.
  • Asia Pacific Excluding Japan is expected to dominate the global returnable plastic crates market, and is expected to witness an impressive CAGR through 2019-2029.
returnable plastic crates market share by region

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Increasing Use of RPCs for Logistics and Transportation of Bulk Materials in North America and Europe

Rapid adoption of returnable plastic crates in the mature markets of North America and Europe for the bulk packaging of fresh produce, dairy, bakery, seafood, meat, and grocery is largely driven by consumer and market demand for high quality products. Moreover, the large number of manufacturers and distributors of returnable plastic crates in these regions boosts market growth. Manufacturers supply large volumes of returnable plastic crates and containers to meet the global demand for effective storage solutions, and to be a part of this rapidly growing market. Additionally, returnable plastic crates are also available in various dimensions, and custom colours and logo designs, which attracts customer towards products in supermarkets and hypermarkets. Availability of better logistics and supply chains management for the fast growing packaged food and FMCG sectors offers lucrative opportunities for the returnable plastic crates market in these regions.

  • One of the global providers of returnable plastic crates, Brambles Ltd., claims that it owns around 330 million pallets, crates, and containers, with over 750 service centers across the globe.

 

About us :

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. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact :

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Polypropylene Woven Bags And Sacks Market Will Escalate Rapidly in the Near Future

Multinational companies are expected to focus on Middle-East region as growing demand for polypropylene woven bags and sacks is expected from construction and building industry of the region. However sales of polypropylene woven bags and sacks across agricultural industries is anticipated to overshadow sales in the construction and building industry. Environmental hazards related to PE (polyethylene) has spurred the adoption of polypropylene woven bags and sacks as comparatively sustainable alternative. Rapid inroads flagged by retail industry in FMCG (fast-moving consumer goods) sector has resulted in increasing retail outlets that is likely to bode well for expansion of polypropylene woven bags and sacks market.

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Ban on the thin-film plastic bag is rigorously fuelling the demand and adoption of the polypropylene woven bags and sacks. Key players are increasing their focus on increasing manufacturing of polypropylene woven bags and sacks in order to prevail as reliable manufacturers of the custom woven fabric. However, factors such as environment, strength and cost continues to dwarf polypropylene woven bags and sacks from its non-laminated polypropylene woven bags and sacks. Existing regulatory framework regarding manufacturing and usage of polypropylene woven bags and sacks is expected to hinder the growth of market in developed regions such as Europe and the U.S.

Polypropylene is also recognized as polypropene and which is a thermoplastic polymer which is used in various industries that include packaging and labeling, reusable containers, textiles, stationery. The polymer which is made from monomer propylene are used for acids and chemical solvents.

The global plastic packaging market primarily includes of packaging for food and beverages ¬ which accounts nearly 70% packaging which is processed by polymers, remaining 30% polymer packaging covers of cosmetics, chemicals & fertilizers, and medical products.

Polypropylene Woven Bags & Sacks have become popular due to their inertness towards moisture, chemical & exceptional resistance towards rotting & fungus attack as they are nontoxic which is also lighter in weight and is more advantages than conventional bags. Polypropylene Woven Bags and sacks laminated with LDPE/PP liner have wider applications.

Global Polypropylene Woven Bags & Sacks Market: Regional Outlook

On the basis of the geographical market segment, it is segmented into seven different regions: North America, Latin America, and Eastern Europe, Western Europe, and Asia-Pacific region, Japan and the Middle East and Africa.

In Regional segments, the USA and Germany are the biggest markets for polypropylene woven bags & sacks industry. Asia-Pacific is anticipated to grow its position during the forecast period for polypropylene woven bags & sacks market mainly due to the developing economies like India and China as the spending by middle-class consumers is rising and rapid pace of urbanization. Moreover, the market growth is attributed to the lifestyle across the developing regions and rising per capita income are also the factors which are boosting Global Polypropylene Woven Bags & Sacks Market. The Market for Global Polypropylene Woven Bags & Sacks is also rising in emerging markets like South Africa, East European regions over the forecast period.

Owing to polypropylene woven bags & sacks contribution in various commodities which are associated with day to day life of human it can be anticipated that market of polypropylene woven bags & sacks is expected to grow substantially over the forecast period.

Global Polypropylene Woven Bags & Sacks Market: Drivers and Restraints

The Polypropylene Woven Bags & Sacks Market is expected to witness sustained growth over the forecast period. The growth of the Polypropylene Woven Bags & Sacks market is driven as there is favorable growth in the packaging industry is a major factor which will boost the global Polypropylene Woven Bags & Sacks market. Increasing economies, the rising population, and the subsequent disposable income of people are the main drivers for augmented opportunities in developing countries.

Polypropylene Woven Bags & Sacks are used for packaging of a range of products like fertilizers, sugar, cashew nuts, chemicals, maize, animal feeds, and numerous other products. Manufacturers of polypropylene woven bags & sacks on producing biodegradable bio-based polypropylene woven bags & sacks which can be easily recycled so that they do not pose risk to the environment.

Global Polypropylene Woven Bags & Sacks Market: Key Players

Some of the players operating in the Polypropylene Woven Bags & Sacks Market includes Berry Plastics Inc., Da Nang Plastic Joint Stock Company, Shrijikrupa Polypack Pvt. Ltd., Abdos Polymers Ltd., Umasree Texplast, STPGroup, Hanoi Plastic Bag JSC.and Mondi plc and many other regional players. Manufacturers are investing in R&D and also focusing on different strategies to maintain their market share in the global Polypropylene Woven Bags & Sacks market.

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 categories such as market segments, geographies, type of product and applications.

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The report covers exhaust analysis on:

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

The 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
  • The 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.

Global Polypropylene Woven Bags & Sacks Market: Segmentation

Based on the types, Polypropylene Woven Bags & Sacks market can be segmented into:

  • Uncoated
  • Laminated (Coated)
  • Gusset
  • BOPP bags
  • Perforated
  • Liner Woven Bags & Sacks
  • Small Bags
  • EZ Open Bag
  • Valve Bag

Based on the end-user industries, Polypropylene Woven Bags & Sacks market can be segmented into:

  • Pharmaceuticals
  • Fertilizers
  • Chemicals
  • Sugar
  • Polymers
  • Agro
  • Others

Based on the end-user industries, Polypropylene Woven Bags & Sacks market can be segmented into:

  • Supermarkets
  • Hypermarkets
  • Convenience Stores
  • Others

Report Highlights:

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

Gift Boxes Market Revenue Growth Predicted by 2027

The demand of the gift boxes is high because food and beverage products such as chocolate, ice-crème, sweets, wine, and toys are consumed globally. Food products look more lucent and attractive if they are packed within gift boxes. Gift boxes are also used for packaging many other products such as jewelry, electronic gadgets, toys, sculpture, personal care products, cosmetic products, and goods. Gift boxes are mainly manufactured by paperboard, plastic, tin, and aluminum. 

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Gift Boxes – Market Dynamics

There are some factors which contribute to the growth of the gift box market, e-commerce is one of them. The increase in e-commerce market plays a significant role in the growth of the gift box packaging industries because they use gift boxes for the purpose of packaging the goods to provide the safe delivery of the product. Gift boxes are no longer used only for the purpose of protecting the product from the damage, but it has some special quality such as durability, reusability and attractive look. Due to some better characteristic as compared to alternatives, gift box market is gaining popularity throughout the global market.

Few alternative options are available in the market for the gift packaging such as wrapper paper, bag etc. Over the past few years, e-commerce industry has emerged tremendously which has positively impacted the market for gift boxes. In addition to, paper or corrugated gift box is on trend due to the sustainability, and eco-friendly nature because they are easily recyclable and degradable. Furthermore, the factors which are contributing towards the growth of gift boxes market is the rise in per capita income of consumers which has increased the investment of income on the gift. The logistics and transport market is expanding at a high pace and is emerging as an opportunity for future growth of the global box packaging market.

Gift Boxes Market – Regional outlook

Gift Boxes Market has been segmented on the basis of the region into North America, Latin America, Asia Pacific, Europe and the Middle East. Among these regions, North America and Asia Pacific are expected to witness a high growth for gift boxes market. In Asia Pacific, China is anticipated to be the largest market for gift boxes because of the increasing trends towards aesthetic and convenience in packaging. Above average growth is expected in the Middle East and Africa for gift boxes market over the forecast period 2017-2025. Emerging economies across the globe have seen an increase in per capita income which is positively influencing the preferences for the usage of luxury packaging solutions such as gift boxes.

Gift Boxes Market – Key players

Few of the key players in the global gift boxes market are Qingdao Hongrui Industry Co. Ltd, Shenzhen Fuxiang Gifts & Packaging Co. Ltd, Bayley’s Boxes, Varanna Industries, Shanghai Xianrong Packing Co., Ltd., Om Express Print Pack Private Limited, Valtenna Industria Cartotecnia, and Shenzhen Tianya Paper Products Co.,Ltd.

The report covers exhaustive analysis on:

  • Global Gift Boxes Market Segments
  • Global Gift Boxes Market Dynamics
  • Historical Actual Market Size, 2012 – 2016
  • Global Gift Boxes Market Size & Forecast 2017 to 2027
  • Supply & Demand Value Chain for Gift Boxes Market
  • Global Gift Boxes Market Current Trends/Issues/Challenges
  • Competition & Companies involved in Gift Boxes Market
  • High Altitude Aeronautical Platform Stations Technology
  • Value Chain of High Altitude Aeronautical Platform Stations
  • Global Gift Boxes Market Drivers and Restraints

Regional analysis for Global Gift Boxes Market includes

  • North Gift Boxes Market
    • US
    • Canada
  • Latin America Gift Boxes Market
    • Argentina
    • Mexico
    • Brazil
    • Rest of Latin America
  • Western Europe Gift Boxes Market
    • Germany
    • France
    • K.
    • Spain
    • Italy
    • Nordic
    • Benelux
    • Rest of Western Europe
  • Eastern Europe Gift Boxes Market
    • Poland
    • Russia
  • Asia Pacific Gift Boxes Market
    • Australia and New Zealand (A&NZ)
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan Gift Boxes Market
  • Middle East and Africa Gift Boxes Market
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA

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

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Gift Boxes – Market Segmentation

Gift boxes market can be segmented on the basis of by material type, by the end user, and by product type, by printing technology.

On the basis of raw material type, the gift boxes market is segmented into –

  • Plastics
  • Paper
  • Others

On the basis of end use, the gift boxes market is segmented into –

  • Consumer goods
  • Food and beverages
  • Bakery & Confectionary
  • Alcoholic Drinks
  • Frozen Desserts
  • Others
  • Electronic devices
  • Cosmetic and personal care

On the basis of product type, the gift boxes market is segmented into –

  • Slide sleeve boxes
  • Telescopic boxes

On the basis printing technology, the gift boxes market is segmented into –

  • Lithography
  • Flexography
  • Electrophotography Technology
  • Dry toner
  • Liquid toner
  • Inkjet Photography Technology
  • Others

Report Highlights:

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

About us :

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. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact :

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Fiber Based Packaging Market to Witness a Healthy Growth by 2026

Packaging industry has transformed into one of the most important industries all around the world.  Packaging serves multiple functions, namely physical protection, product marketing, tamper evidence, theft protection, durability, and portion control. A lot of innovation has taken place in the realm of packaging allowing the packaging of products to witness advanced functionality and design.Through the years, we find that sustainability has also crept into packaging solutions making it one of the most important forms of packaging all over the globe. Environmental impact of non-recyclable materials has led to a global reconsideration of industrial outputs. This has led to the advent of packaging that complies with international and national environmental protection guidelines. The rising demand for sustainable packaging from the consumer side also calls for producers to adopt the same. Fiber based packaging is one of the most relevant forms of sustainable packaging. 

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Fiber based packaging utilizes renewable, reusable or biodegradable materials in the process of product packaging. Fiber based packaging is used in primary, secondary and tertiary packaging. Fiber based packaging is widely being used in the chemicals, food & beverages and constructions industry. Stringent regulations levied on the packaging industry also call for more sustainable forms of packaging.

Fiber based packaging Market- Market Dynamics:

Due to the evident concern of global warming, we have witnessed a shift in the way consumers and manufacturers approach buying & manufacturing/selling of products respectively. As the demand for sustainable products has risen, the supply has also kept up. Manufacturers have widened their product portfolio to include sustainable products. This has led to the development of sustainable packaging. Fiber based packaging forms a major chunk of sustainable packaging. Fiber based packaging is widely used in packaging of consumer goods, electronics, food & beverages etc. With the rising disposable incomes, fiber based packaging market is bound to witness a rise in growth during the forecasted period of 2016-2026. Millennials and Generation – Y prefer packaging to be sustainable because of their upbringing involving constant reminders of environmental degradation. Fiber based packaging is attractive to these segments of consumers and they are also willing to pay more for the same.

Fiber based packaging Market- Regional Outlook:

In terms of geography, the fiber based packaging market has been divided in to five key regions; North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. China, India, other East Asian countries and Latin America will show a strong growth in fiber based packaging market through the forecasted period of 2026-2026. The Asian and Middle Eastern market is largest with regards to fiber based packaging. Steady growth in the mature markets is also expected through the forecasted period of 2016-2026.

Fiber based packaging Market- Major Players:

Some of the key players in the fiber based packaging market are Evergreen packaging, Omya AG, Orora Packaging Australia Pty Ltd, Stora Enso AB, Huthamaki Group, UFP Technologies, Inc., Bumaga BV, Oji Fibre solutions, Westrock Company, Ahlstrom Corporation.

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 done using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type, machine size and end use.

The report covers exhaustive 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
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and 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.

Fiber based packaging Market- Market Segmentation:

Based on the Product type, the Fiber based packagingmarket is segmented into:

  • Paper boards
  • Corrugated packaging
  • Industrial bags
  • Displays
  • Cushioning
  • Supports
  • Extrusion coatings
  • Release liners

Based on end use, the Fiber based packagingmarket is segmented into:

  • Chemicals
  • Food & Beverages
  • Consumer electronics
  • Construction
  • Others

Based on the discard process, the Fiber based packagingmarket is segmented into:

  • Recyclable
  • Reusable
  • degradable

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Report Highlights:

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

About us :

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. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact :

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Shrink Sleeve Labels Market Study: An Emerging Hint of Opportunity by 2027

Shrink sleeves labels are one of the most durable and ideal labels for products that are exposed to severe moisture and friction. The major benefits in favor of shrink sleeve labels are 360 degree design coverage, full color, abrasion and moisture resistance, and wide compatibility. As no adhesives are used in the shrink sleeve labels, this property of shrink sleeve labels makes the containers reusable. Shrink sleeve labels are extensively used in food and beverages, pharmaceuticals and personal care packaging industries. An exclusive label can efficiently attract the attention of consumers. Labelling can have a strong impact on the buying decisions of customers. A brilliantly designed cover and quality labelling can appeal to customers and creates a good impression on them, shrink sleeve labels is anticipated to serve the above mentioned purpose, which in turn is expected bolster the growth of global shrink sleeve labels market 

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Full body shrink sleeve labels cover and fit the entire surface of the container, they adhere tightly to its contour and allows its whole surface to be covered as well as decorated from top to bottom. In order to offer an opportunity to re-brand the product, full body printed shrink sleeve labels can easily give an old product an updated appearance. Compared to smaller shrink sleeve labels, full body shrink sleeve labels ensure protection from UV radiation, and hence the full body shrink sleeve labels I anticipated to drive the global shrink sleeve labels market.

To pack two containers together, combo pack shrink sleeve labels can be used, these kind of shrink sleeve labels are used for promotional products and to package multiple containers together with the aim of offering it as a single product. Tamper evident shrink sleeve labels are generally printed with safety-seal text or warning messages. Overall, use of tamper-evident bands advertises the impression of security, that the product has been maintained throughout the distribution process. Custom printed tamper-evident shrink sleeve labels are commonly used in the food and pharmaceutical industries and are anticipated to boost the global shrink sleeve labels market growth. Shrink sleeve can labels are used with special paints to hide the graphics of already printed cans.

Based on geography, the global shrink sleeve labels market can be segmented into five major regions: North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). Of these, Asia Pacific is expected to overshadow the shrink sleeve labels market in the upcoming years. Furthermore, Western Europe and North America are anticipated to boost the market growth over the upcoming years with regards to the rising demand for personal care, consumer products and food and beverages industries.

Moreover, in the upcoming years, Latin America and MEA markets are also anticipated to be major the players in the overall growth of shrink sleeve labels market due to rising health issues which are expected to contribute towards the rising demand for shrink sleeve labels market in the healthcare sector. Whereas, increase in use of cosmetic products in the MEA market will in future urge the growth of the shrink sleeve labels market. Increase in number of diseases in Latin America and MEA are also expected to trigger the pharmaceutical industry, hence propelling the demand for shrink sleeve labels in the region.

Due to the presence of a large number of big and small firms, the global shrink sleeve labels market is marked with powerful competition. New product launches or rebranding and innovation are the key strategies followed by market players to ensure their stability as well as growth in the market. Some of the top players operating in the shrink sleeve labels market are CCL Industries Inc., Berry Plastics Corporation, PMMI Media Group, Polysack Ltd, Klockner Pentaplast, Bonset America Corporation, Fuji Seal International, Inc., Hammer Packaging, Corp., MacFarlane Group UK Ltd, Paris Art Label Company Inc. and others.

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 geography, technology and applications.

The report covers exhaustive 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, Rest of Latin America)
  • Europe (EU5 Countries, Nordic countries, BENELUX, Poland, Russia, Rest of Europe)
  • APAC (China, India, ASEAN, Australia & New Zealand, Japan)
  • MEA (GCC Countries, S. Africa, N. 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. 

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Shrink Sleeve Labels Market

Based on the type of appearance, the global shrink sleeve labels market can segmented as follows:

  • Full Body Shrink Sleeve Labels
  • Combo Pack Shrink Sleeve Labels
  • Tamper Evident Shrink Sleeve Labels
  • Shrink Sleeve Can Labels

Based on the type of polymer film, the global shrink sleeve labels market can segmented as follows:

  • Polyvinyl Chloride Films
  • Polypropylene Terephthalate Glycol Films
  • Polyethylene Films
  • Expanded Polystyrene Films
  • Polylactic Acid Films

Based on application, the global shrink sleeve labels market can segmented as follows:

  • Personal Care
  • Food and Beverages
  • Pharmaceuticals
  • Others

Report Highlights:

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

About us :

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. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact :

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Cotton Bags Market to Witness Stunning Growth by 2028

The ecofriendly cotton bags are anticipated to overtake plastic bags in the retail sector during the forecast period. Increasing availability of decorated cotton bags is inciting people to increasingly adopt cotton bags. Cotton bags have high printability & shelf appeal as compared to plastic bags. 

Plastic Bags Ban is projected to Fuel the Demand for Cotton Bags 

As per the Wall Street Journal, only about 1% of all plastic bags are recycled every year, the rest are dumped into landfills. Increasing intolerance towards plastic bags has resulted in governments across the world levying regulations limiting the usage of plastic bags. This, in turn, has been a key factor driving the growth of the global market for cotton bags. Plastic bags are banned in Washington, San Francisco, Seattle and Boston. This particular factor is anticipated to increase the demand for cotton bags in the United States during the forecast period.

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China, India and Australia have levied high taxes on the use of plastic bags, which in turn, will create excellent opportunities for the key players operating in the Asia Pacific cotton bags market. In 2017, Kenya pushed a country-level ban on plastic bags, which directly affected the distributors and producers of single-use plastic bags. The ban on plastic bags has been helpful in creating a white space for new entrants in the cotton bags market. Growing developments which have been promoting research in the field of automatic bag making machines are also anticipated to positively impact the production of cotton bags.

Jute Bags Are Expected to Hamper the Growth of Cotton Bags Market

End users are getting attracted towards jute bags as they are an economic and functional alternative to cotton bags. Jute bags provide moisture and chemical resistance properties and thus, provide a suitable solution for the packaging of food and chemical products. Biodegradable bag manufacturers are focusing on the manufacturing of jute bags owing to their low-cost production. Jute bags are also lighter in weight and relatively more affordable and thus, end users are expected to adopt jute and hemp bags instead of cotton bags. That apart, the use of paper bags for retail purposes is gradually increasing as paper bags are recyclable, lighter and inexpensive. This factor is also anticipated to negatively impact the Cotton Bags market during the forecast period

According to the UN Comtrade Database 2015, China, France, Italy and Hong Kong are the biggest global exporters of cotton bags. China leads the way in terms of export of cotton bags. North America and Europe are the two top export destinations for cotton bags, which can directly be attributed to high demand for cotton bags from supermarkets and food industry in the regions. Government subsidiaries in terms of taxes and resources will act as crucial drivers for the development of the cotton bags market in India and ASEAN countries.

Global Cotton Bags Market: Key Players

Some of the key players operating in the global cotton bags market are as follows:

  • Bag Makers, Inc.
  • Hubco, Inc.
  • Central Bag Company
  • JohnPac, LLC
  • Aaltex International
  • Pearl Bag Factory LLP
  • Richie Bags Fashions Pvt. Ltd.
  • Green Packaging Industries Private Limited
  • Gouda, Inc.
  • Direct Trade Bags Company Ltd.

The cotton bags market 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 market report provides 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 market segments and geographies.

The global cotton bags market has been divided into seven regions –

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

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Global Cotton Bags Market: Segmentation

The global cotton bags market is segmented on the basis of end users, type of bags and capacity.

On the basis of capacity, the global cotton bags market has been segmented into:

  • Up to 5 kg
  • 5kg – 10 kg
  • 10 kg – 15 kg
  • 15 kg – 20 kg
  • Above 20 kg

On the basis of end users, the global cotton bags market has been segmented into:

  • Automotive
  • Chemical
  • Agriculture
  • Oil and Gas
  • Research and Development
  • Others

On the basis of the type of cotton bags, the global cotton bags market has been segmented into:

  • Calico (unbleached or unprocessed cotton) bags
  • Beach cotton bags
  • Tote cotton bags

Report Highlights:

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

About us :

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. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact :

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Yeast Autolysates Market is poised to witness a prominent growth at 5.7% CAGR during 2022-2031

Newly released data from yeast autolysates market analysis by Future Market Insights shows that global consumption of yeast autolysates enjoyed year-on-year (YoY) growth of 5.2% in 2021 to total sales of US$ 1556.3 Mn in the year.

The overall demand of yeast autolysates captivates 37% of global yeast market and is poised to witness a prominent growth at 5.7% CAGR to reach the value of US$ 2708.6 Mn in 2031.

The yeast autolysates market is emerging as a specialty yeast product as an inactive yeast rather than an active yeast product derived from natural yeast with yeast autolysis technology from both brewer’s yeast and baker’s yeast in yeast extract or yeast powder format and being used in feed yeast and yeast microbial nutrition contained with high yeast protein with other product categories, such as nutritional yeast, organic yeast, and dry yeast.

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Health is the main driving force for food and beverages consumption in today’s world, following price and taste, due to the rising occurrence of various disease outbreaks and health problems around the world. Consumers have become selective about the products are being consumed while taking all the preventive measures as a result of the current scenario of Covid-19 pandemic.

This rising non-GMO product demand is expected to intensify production of yeast autolysates, being rich in protein and nutritional contents with rapidly increasing research and development activities and using advanced technologies. Yeast autolysates comes with entire spectrum of nutrients and a lot of high functional proteins, including peptides, free amino acids, valuable minerals, as well as vitamins, and trace elements.

As a result, the product can be used to any range of applications in both food and feed industry from fermentative food production to different categories of animal feed products, such as poultry, aquaculture, and pet food. If the product is very pure in quality, being a clean label ingredient, it can easily be considered as a natural flavoring ingredient.

The unique features and being a natural ingredient, consumer preference for this healthy and nutritious food product is rising with each passing day. Further, the product can easily be GMO-free, Halal and Kosher certified, and does not contain any gluten. Even more, easy accessibility of resources, yeast being the most convenient fungi to produce in terms of price and affordability, the end product price comes under a reasonable range, which is boosting the market growth.

Who is winning?

Key players are focusing on having modern state-of-the-art centres to revamp the production of more quality based and flavourful yeast autolysates. As the consumption of the product is rising rapidly, manufacturers are more prone to focus on research and development to increase the product lines.

One of the leading players, Koninklijke DSM N.V., has taken a further step in the industry and set up a development site in Delft with a modern food and application centre. The company has invested together with other industry players as well in a biotech fermentation pilot plant, named as Rosalind Franklin Biotechnology Centre, on the site for industrial productions of Yeast autolysates flavor and antibiotic intermediates.

As more players are into innovation centres to ensure market position with R&D, a smooth and consistent supply of yeast autolysates is expected to maintain the production and consumption cycle of the product intact. Some of the leading companies offering yeast autolysates are Lallemand Inc., Koninklijke DSM N.V., Leiber GmBH, Kerry Group, KOHJIN Life Sciences Co., Ltd., Biospringer, Archer Daniels Midland Company, Angel Yeast Co., Ltd, Titan Biotech Ltd., Fuji Foods Corporation and others.

Yeast Autolysates by Category

By protein concentration :

  • ≥ 50%
  • < 50%

By end use :

  • Feed Industry
  • Poultry
  • Pet Food
  • Ruminants
  • Aquaculture
  • Fermentation
  • Microbial Nutrients
  • Others

By region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

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Key Questions Answered in the Report

Worth how much sales of yeast autolysates are expected in the current scenario?

The sales for yeast autolysates are estimated to be worth over US$ 1556.3 Mn by 2021.

What is the demand outlook forecast for yeast autolysates in the upcoming time period?

According to the research, demand of yeast autolysates is forecasted to surpass US$ 2708.6 Mn by the end of 2031.

What will be the next 10-year adoption rate of the yeast autolysates?

Between 2021 and 2031, the adoption rate of yeast autolysates will grow at 5.7% CAGR.

Who are the top 5 players navigating the production of yeast autolysates?

Koninklijke DSM N.V., Kerry Group, Lallemand Inc., Leiber GmBH, and Biospringer are the leading companies navigating growth of the product.

At what rate is the yeast autolysates shipment occurring in North America?

North America is operating shipment of the product with a 4.5% CAGR through 2031.

What is the market condition in Europe regarding adoption of yeast autolysates?

Fast paced economy and improved supply chain systems in Europe is assisting in high growth of yeast autolysates with a market share worth 23.7% in 2021.

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. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Lactoferrin Market- Segmentation, Recent Trends, Development, Growth By Regions and Forecast To 2031

Newly released data from lactoferrin market analysis by Future Market Insights shows that global consumption of lactoferrin enjoyed year-on-year (YoY) growth of 5.0% in 2021 to total sales of US$ 192.8 Mn in the year. The overall demand for lactoferrin captivates 33% of the global milk ingredients market and is poised to witness a prominent growth at 5.6% CAGR to reach the value of US$ 332.2 Mn in 2031.

Lactoferrin, being a natural protein, derived from cow milk, which is also known as the main milk ingredient found in the breast milk protein, can be used as an alternative for lactose supplements.

Applications of lactoferrin on milk nutrition segment is poised among the leader for both growth-wise and share-wise, having antimicrobial characteristics which can protect the human body against numerous pathogens. Lactoferrin is also considered a cationic glycoprotein, being used as a nutritional ingredient in different food & beverage products, such as food supplements, non-alcoholic beverages, and sports nutrition products.

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Key Takeaways from the Lactoferrin Market Study:

  • Europe lactoferrin production is leading in terms of market share and accounts for 31.1% of the global lactoferrin market in 2021 exhibiting high demand for the product with the presence of leading manufacturers in the region.
  • Powdered lactoferrin is the dominant form in the lactoferrin industry, as the shelf life of the product is more when compared to the liquid form, thus the powdered form is easy to store and lasts a little longer. The powdered form is accounting for a market share of 88.9% in 2021 of the global market.
  • In the application segment, the use of the product in clinical nutrition is anticipated to witness a lucrative growth rate with a CAGR of 7.3% during the forecast period (2021-2031) in the lactoferrin market.
  • However, application in infant formulas holds the highest market share, worth 35.9% of the global share as of 2021, because of the huge demand for baby food supplements.
  • In the South Asia region, demand for lactoferrin is booming with a high CAGR worth 7.7%, as a result of high awareness of the product as a dietary supplement.

Lactoferrin is an intact protein that consists of 696 basic (positively charged) amino acids with an abundant nutritional value. As a result, the US Food and Drug Administration (FDA) has identified lactoferrin, derived from cow milk, as a GRAS (Generally Recognised as Safe) ingredient for functional foods and sports nutrition supplements. The agency even gave the same definition to lactoferrin in 2014, which can be used in dairy products and infant formulas.

Who is winning?

The future of lactoferrin adoption depends on the F&B companies, especially brands making baby foods and dietary supplements, who are motivated to comply with the food safety certification requirements and necessary environmental standards. As a result, more innovation across the value chain is required to increase the adoption rate of the product, driven by a new food revolution generated through consumer tastes and preferences while leveraging automation effectively.

Some of the leading companies offering lactoferrin are Vitalus Nutrition Inc., Glanbia plc, Milei Gmbh, NutriScience, Nestle SA, Pharming Group NV, Farbest Brands, Bega Cheese Group, Fonterra Co-operative Group Ltd and InVitria, and others.

Lactoferrin by Category

By form :

  • Powder
  • Liquid

By application :

  • Sports Nutrition
  • Infant Formulas
  • Clinical Nutrition
  • Veterinary Nutrition
  • Personal Care
  • Food Nutrition
  • Others

By region :

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

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Key Questions Answered in the Report

Worth how much sales of lactoferrin are expected in the current scenario?

The sales for lactoferrin are estimated to be worth over US$ 192.8 Mn by 2021.

What was the demand outlook for lactoferrin in the historical period?

According to the research, the demand outlook for lactoferrin was estimated to be 4.2% for the period between 2016 and 2020.

What will be the next 10-year adoption rate of lactoferrin?

Between 2021 and 2031, the adoption rate of lactoferrin will grow at 5.6% CAGR.

Who are the top 5 players navigating the production of lactoferrin?

Glanbia plc, Vitalus Nutrition Inc., NutriScience, Milei Gmbh, and Nestle SA are the leading companies navigating the growth of the product.

What are the top 5 countries driving the consumption of lactoferrin?

U.S., Australia, China, Brazil, and India are the top countries reflecting the consistently high demand for the product.

At what rate is the lactoferrin shipment occurring in North America?

North America is operating shipment of the product with a 5.4% CAGR through 2031.

What is the sales outlook of lactoferrin in Europe?

Europe will grow in sales of the product with a 4.7% CAGR through the assessment period.

Can lactoferrin prevent Covid-19?

According to the researchers of University of Huddersfield, antiviral effects of lactoferrin gives the product a great quality of a natural supplement, which may be used for Respiratory Tract Infections (RTIs), as well as an adjunct for Covid-19.

 

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. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com