Animal Artificial Insemination Market Valuation to Surpass US$ 2 Bn in 2021

According to Future Market Insights (FMI) analysis, demand for animal artificial insemination is expected to rise considerably, enabling the animal artificial insemination market to surpass US$ 2.0 Bn in valuation by the end of 2021.

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Rising initiatives by various governments worldwide to ensure food security are expected to sustainably drive demand for artificial insemination in animals. Besides this, demand for genetically superior quality cattle breed will have a positive impact on the market.

Increasing consumption of animal protein and demand for high-quality milk and dairy products will fuel the demand for animal artificial insemination procedures between 2021 and 2031.

Global meat production has increased in the past several years and is estimated to increase from 218 million tons to 376 million tons by 2030. According to the Organization for Economic Co-operation and Development (OECD), the U.S. meat consumption was on average of 35kg per capita in 2020.

There also has been an increase in per capita consumption of milk and milk products. According to the OECD and FAO, in 2020, the global per capita dairy consumption of milk and dairy products was estimated at 113.7 kg. Also, it is estimated that this number is expected to increase by 44% by 2029.

The rise in consumption of animal proteins and milk products has made dairy farmers and livestock breeders to focus on obtaining genetically better breed for large-scale productions. This also is expected to boost the growth of the animal artificial insemination market.

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Key Takeaways from Animal Artificial Insemination Market Study

  • Despite restricted growth amid pandemic crisis, the demand for artificial insemination is expected to witness a small push and thus, is expected to rise nearly 5.4 % CAGR between 2021 and 2031.
  • Growing awareness regarding animal health and growth in per capita animal expenditure are the key factors attributable for the rising demand of artificial insemination process.
  • The U.S. accounted for the largest share of 93% of the North America animal artificial insemination market through the forecast period.
  • In 2021, Germany led the Europe animal artificial insemination market, followed by France and U.K., accounting for more than 20% and 15 % respectively.
  • China is the fastest-growing market in East Asia, exhibiting a 7.4% CAGR through 2031.

“Research and development initiatives by governments coupled with advancements in biotechnology and animal science will offer lucrative growth opportunities for animal artificial insemination market,” said a FMI Analyst.

Advancements In Biotechnology and Animal Sciences To Offer Growth Opportunities

Artificial insemination (AI) in animals has transitioned from being just a novel method to impregnate the female to be an advanced technique used for improving the livestock by protecting it from various infectious diseases.

Greater focus on innovation coupled with advancements in biotechnology to avoid animal diseases is expected to create a favorable platform for the development of artificial insemination products, especially, in high-income economies such as the U.S., U.K. Germany. Artificial insemination (AI), Embryo transfer (ET), in-vitro fertilization (IVF), and somatic cell nuclear transfer are some of the emerging technologies in this space.

Continued investments in research towards genetic improvements could improve the breeding quality of animals using artificial insemination procedures, hence providing opportunities for market growth.

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Who is Winning?

The global market is set to expand due to the growing demand for animal services and the rising prevalence of animal diseases. To expand their product offerings, leading players within the market are focused on expanding by pursuing mergers, acquisitions and collaboration as one of their key growth strategies. Also, this would allow the key players to strengthen their presence in the region as well as global markets.

Some of the leading players in the global animal artificial insemination market include but are not limited to Boehringer Ingelheim, Elanco Animal Health, Zoetis Inc., Merck & Co., Inc., Swine Genetics International, Revival Animal Health Inc., Jorgensen Laboratories Inc., Agtech Inc., ABS Global, Inc., Continental Plastic Corporation, and IMV Technologies.

Tarpaulin sheets Market sales will rise consistently, enabling the market register a CAGR of 4.7% between 2021 and 2031

Tarpaulin sheets have remarkable properties that help in protecting goods and against harsh weather conditions. They have good tensile strength and the durability, which is why Future Market Insights (FMI) has predicted their sales to surge in the coming years.

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Application across industries such as agriculture, building & construction, storage, warehousing & logistics, consumer goods, and others will enable the market to reach a valuation of US$ 12.07 Bn by 2031. Agriculture and the building & construction sectors are likely to account for maximum sales of tarpaulin sheets. Of these, over one-fourth of tarpaulin sales concentrates in the agriculture sector.

Tarpaulin sheets are used in various applications such transporting of the goods and products in the ship where they are majorly used in covering and for the protection of cargo. They also are in the roadway and railway transportation of the goods.

In agriculture, tarpaulin sheets provide excellent protection to the crops or produce from the extreme rains and sunlight during the summer which is likely to damage the condition of the crops.

In addition to the protection against harsh temperature, tarpaulin sheets are used as pond liners d to collect and reserve the water. The antifungal and anti-static properties of Poly Vinyl Chloride (PVC), which is a key material used for making tarpaulin sheets is attributable for their impressive properties.

In the coming years the market will witness increasing focus on the manufacturing of recyclable tarpaulin sheets. Increasing demand for sustainable packaging solutions will give tailwinds to this trend and in turn pave the way for the expansion of the market in the near future. Tarpaulin sheets are serving their usage in various applications which is anticipated to increase the market share for the global tarpaulin sheets market in the near future.

In June 2020, the Presena glacier in Northern Italy was covered with vast tarpaulin sheets to cover over 100,000 sq meters of the giant glacier to protect the glacier from melting due to global warming.

Key Takeaways from Tarpaulin Sheets Market

  • Tarpaulin sheets sales will rise consistently, enabling the market register a CAGR of 4.7% between 2021 and 2031
  • Rising demand from building and construction sector will support growth in the U.S., which is forecast to account for over 84% of sales within North America in 2021
  • Recovery is on card for the U.K. market as demand from agriculture sector continues to rise
  • Expansion of agriculture sector enable the India market exhibit impressive growth
  • China will continue dominating APEJ market, thanks to high availability of raw materials

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“Ease of handling and the demand for flexible packaging solutions are driving tarpaulin sheets sales. Companies operating in the market are currently emphasizing on sustainable solutions to keep pace with changing trends in the market. There is higher focus on offering greater recyclability, which will contribute towards the growth of the market in the coming years,” says FMI analyst.

Environmental Concerns Regarding Tarpaulin Sheets Might Hamper Growth

Although tarpaulin sheets provide excellent protection to goods and products, it also serves as a cost-effective packaging solution for manufacturers and consumers. However, difficulty in biodegradability is expect to restrict the adoption of the tarpaulin sheets.

Tarpaulin sheets require centuries to biodegrade by which they create a huge harm for the environment leading to the marine and land pollution.

Compared to the traditional tarpaulin sheets, the recyclable tarpaulin sheets are expected to reduce the environmental pollution and create higher scope for the expansion of the market in the coming days.

The use of traditional tarpaulin sheets are anticipated to adversely affect the demand, especially in the emerging economies such as, Middle East & African countries, Singapore, Malaysia and other countries.

Who is Winning?

Manufacturers eyeing on the premiumization of the tarpaulin sheets which is expect to boost the global tarpaulin market. They are not only producing the tarpaulin sheets of superior quality but are building excellent brand image to attract consumers with low price sensitivity, strong purchasing power, and high brand loyalty.

Also, manufacturers are focusing on the manufacturing of sustainable or eco-friendly tarpaulin sheets to reduce the harsh environmental impact which will in turn provide consumer satisfaction and high profits.

Puyoung Industrial Corporation, Ltd., Fulin Plastic Industry Co., Ltd., Zhejiang Msd New Material Co., Ltd., Veer Plastics Private Limited, and among others are the key players in the global tarpaulin sheets market. The Tier 1 players hold 5-10% in the global tarpaulin sheets market while the Tier 3 players hold around 50-60% in the global tarpaulin sheets market.

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Tarpaulin Sheets Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global tarpaulin sheets market, analyzing historical demand from 2013-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the tarpaulin sheets market on the basis of  material (PE, PVC, PET, PA and Canvas), product type (insulated tarps, hoarding tarps, truck tarps, UV protected tarps, sports tarps, mesh tarps and others)), product weight (less than 100 GSM, 100 to 300 GSM, 301 to 600 GSM and above 600 GSM), lamination (Up to 2 layers, 3 layers, 4 layers and above 4 layers), end-use (agriculture, building & construction, automobiles, storage, warehousing & logistics, consumer goods and others) across seven regions of the globe.

Explore wide-ranging Coverage of FMI’s Packaging Market Insights Landscape

PET Stretch Blow Molding Machines Market – With demand for PET water bottles rising at a consistent pace, the sales of PET stretch blow molding machines will increase at 2.2% CAGR during the forecast period. In terms of overall valuation, the market is expected to surpass US$ 715 Mn in 2021.

Parenteral Packaging Market – Future Market Insights (FMI) in its market analysis projects the parenteral packaging market to grow at 5.5% CAGR during the forecast period 2021-2031.

Carbon Black for Packaging Market – Future Market Insights (FMI) in its recent edition of the study provides in-depth insights into the global carbon black for packaging market. As per the report, the market will exhibit year-on-year growth of 3.2% in 2021 to total 148,844 tones.

FMI Expects Semiconductor Assembly and Testing Services Market to Cross its US$ 50 Bn Mark by 2029

Continuous developments and implementation of new technologies such as organic-substrate-interposer technology and silicon-via-interconnection technology in the semiconductor assembly & testing services market are creating significant revenue opportunities for players in the semiconductor assembly and testing services market. Implementation of semiconductor assembly and testing services in the consumer electronics sector helps manufacturers produce semiconductors, memory chips, and wafers used in consumer electronic products and wireless/mobile handsets in a more efficient manner.

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The value of the global semiconductor assembly and testing services market is anticipated to witness a CAGR of 5.8% during the forecast period of 2019-2029.

Key Takeaways of Semiconductor Assembly and Testing Services Market Study

  • Among the application segment, consumer electronics segment is expected to witness high growth rate, owing to rising demand for audio/video equipment, cameras, calculators, and smart homes (home safety equipment & accessories)
  • Asia Pacific Excluding Japan is expected to create lucrative growth opportunities for players in the semiconductor assembly and testing services market, attributable to rapid growth of packaging of semiconductors, and increasing applications of semiconductor assembly methodologies in this region
  • Increasing demand for connected devices worldwide including smartphones and tablets having connectivity and multimedia capabilities propels demand for higher packaging technologies and creates growth opportunities for service provider in the semiconductor assembly and testing services market.

“Semiconductor assembly and testing service providers can improve revenues by upgrading existing facilities to include superior electrical and thermal performance, and high input and output capabilities,” Says the FMI Analyst

Gains Upheld by Increasing Demand for Improved Connectivity in Consumer Electronics

Higher demand for mobile and connected devices such as tablets and smartphones, has bolstered the demand for higher packaging technologies. Also, rising demand for digital video content drives growth of high performance and mobile consumer electronics products, such as Wi-Fi chipsets and other semiconductor chips. For instance, STATS chipPAC (JCET) develops expanded Wafer Level Chip Scale Package (eWLCSP), which offers improved testing and a low cost fan-in wafer level package for space-controlled mobile devices.

Moreover, growth of end-use industries such as electronics and semiconductors, automotive, manufacturing, and packaging is expected to offer potential growth opportunities for manufacturers in the global semiconductor assembly and testing services market.

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ODMs and OEMS to Prioritize ‘Fab-lite’ Strategy

As semiconductor process technology migrates to larger wafers and smaller feature sizes, cost of building state-of-the-art wafer fabrication factories has risen significantly, reaching several billion dollars. High investment costs for next generation silicon technology and equipment are influencing various semiconductor companies to adopt or maintain a ‘fabless’ or ‘fab-lite’ strategy. The increasing demand for semiconductors are needed for cloud integration and connectivity with including sensors, computing, interactivity and communication devices.

More Valuable Insights on Semiconductor Assembly and Testing Services Market

FMI’s report on the semiconductor assembly and testing services market is segmented into three major sections such as services (assembly & packaging services (copper wire & gold wire bonding, flip chip, wafer level packaging, TSV, others), and testing services), applications (communications, computing & networking, consumer electronics, industrial and automotive electronics, and region to help readers understand and lucrative evaluate opportunities in the semiconductor assembly and testing services market.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Soaring Demand for Personalized Medicines Pushing Sales in Organoid Market

The global organoid market is forecast to grow at a rapid pace for the forecast period starting from 2020 to 2030. Increasing private funding for research and development of therapeutic and diagnostic models is also one of the key factors driving market growth. Organoids are finding use in pathogenesis and regenerative medicines. With rising prevalence of cancer and liver diseases coupled with commercialization of organoid models, promising growth is on the cards for the market, finds ESOMAR-certified consulting firm Future Market Insights in this study.

According to International Federation of Pharmaceutical Manufacturers and Associations, preclinical testing requires nearly 22% of total expenditure allotted for drug discovery. Extensive research and clinical trials towards development of humanized therapeutics paved way for exponential growth of organoid market.

“Market players are focusing on employing organoid for studying organ specific cell function and cell toxicity monitoring. Organoid’s diversity in terms of application will elevate the organoid market demand,” remarks the FMI analyst. 

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Key Takeaways

  • The U.S. is the global leader in organoid market supported by rising application of organoid based inspection models in biotechnology domain and higher healthcare spending by customers.
  • Europe is expected to grow at healthy pace during the forecast period. Rising prevalence of cancer and gastrointestinal diseases in European population drives the market growth.
  • Growing investment and consistent progress in stem cell research leading to market expansion in Japan.
  • Addition of study of organoid culture in university and government research centers accelerates the market growth.
  • Rising popularity of epidemiology and efforts towards conserving organ specific tissue diversity drives the market growth.

Prominent Drivers

  • Organoid’s morphological ability to mimic cells and create precise tissue models is driving the organoid market growth.
  • Introduction of organoid will reduce the drug discovery process and expenditure further fuelling the market demand.
  • Increased government investment towards research and development of organoids will magnify the market growth.

Key Restraints

  • Inadequate infrastructure facilities necessary for 3D cell culture research hamper the market growth.
  • Shortage of skilled professionals to run, interpret and validate research experiments restricts the market growth.
  • Barriers associated with implementation of organoids in present system will negatively affect the market demand.

Discover more about the organoid market with figures and data tables, along with the table of contents. You will also find detailed market segmentation on https://www.futuremarketinsights.com/checkout/8106

Competitive Landscape

Leading players profiled by FMI operating in organoid market include Cellesce Ltd, Qgel, OcellO B.V., DefiniGEN, Hubrecht Organoid Technology (HUB), STEMCELL Technologies Inc. According to FMI, Leading players are emphasizing on enhancing their production facilities and develop new products using modern technologies to cater the rising demand of patients. For instance, Cellesce Ltd. recently launched the new patient-derived Breast Cancer organoid lines in November 2020.

They are also looking forward towards strategic collaboration to expand their product portfolio. For instance, BIOIVT collaborated with Upcyte Technologies GmbH making Upcyte Technologies GmbH exclusive global distributer of BIOIVT’s cell products and media which include liver sinusoidal endothelial cells.

More Insights on FMI’s Organoid market

The latest market study on global organoid market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of product (Intestinal Organoids, Hepatic Organoids, Pancreatic Organoids, Colorectal Organoids, Neural Organoids), Application (Bio-banking, Biomedical Research and Drug Discovery, Regenerative Medicine, Cancer Research, Therapeutic Tools), End user (Biopharmaceutical Companies, Contract Research Organizations, Academics and Research Institutes) and across major regions (North America, Latin America, Europe, East Asia, South Asia and Oceania, and Middle East & Africa).

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Explore FMI’s Extensive Coverage on healthcare Domain

Organoid kits market: The global organoid kits market report by FMI gives an in-depth insight on the future expansion prospects, trends and challenges that market is likely to face in the upcoming decade. Key statistics regarding key segments have been presented across prominent geographies, along with a detailed assessment of the market’s competitive landscape.

Regenerative medicine market: The regenerative medicine market study published by FMI offers a comprehensive analysis and focused views on major trends expected to provide shape to future growth prospects. The report provides detailed analysis of the significant drivers, trends, challenges and opportunities prevailing for the forthcoming decade across key geographies along with competitive landscape of the upcoming decade.

Personalized medicine market: Future Market Insights gives a detailed segmentation on the global personalized medicine market with upcoming market trends, challenges and future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the competitive landscape with detailed analysis on established players, new entrants, and opportunities likely to prevail across the 2021-2031 decade.

About Future Market Insights (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, and has delivery centers in the UK, 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.

 

Plant Based Yogurt Market well positioned to Overtake Dairy Based Yogurts, changing Dietary Preferences among Consumers driving growth

The global plant based yogurt market is anticipated to demonstrate strong growth prospects during the forecast period 2020-2030, registering a double-digit CAGR. As the proportion of flexitarian and vegan population increases, demand for plant-based foods is riding the high wave. Plant-based yogurts are considered more environmentally sustainable compared to dairy-based yogurts.

High nutritional value associated with plant-based yogurts is a key driving factor behind the proliferation of the plant-based yogurt market. Incidentally, consumers are increasingly seeking novelties in yogurt flavors and indulge their sensory experiences. This has prompted market players to invest in product innovations and experimentation with different flavors, thereby accelerating market growth.

The COVID-19 pandemic has heightened the consumption of immunity boosting foods amongst consumers. With the pandemic ushering in a high degree of uncertainty regarding the safety of consuming animal-derived dairy products, consumers are transitioning towards plant-based yogurt as a precautionary measure.

Moreover, declining dairy production due to reduced agricultural activity amid social distancing protocols have generated a demand-supply gap in mainstream dairy products, clearing the pathway for plant-based yogurt manufacturers to establish their supremacy in the yogurt market. Additionally, prevalence of lactose intolerance amongst consumers is encouraging higher consumption of plant-based yogurts.

“Consumer preferences for conventional flavors is eroding at a rapid pace. Their willingness to experiment with different flavor combinations have generated a dynamic pattern in the plant-based yogurt market, inspiring innovations among market players to satiate these sensory experiences,” concludes a leading FMI analyst.

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Plant Based Yogurt Market- Key Takeaways

  • Strawberry flavored yogurts shall remain favored among all other flavors of the plant-based yogurt market during the forecast period.
  • Organic plant-based yogurts shall tower over conventional ones, attributed to adoption of healthier lifestyles and consequent increase on spending for functional foods.
  • Nut-based yogurts dominated the market during the historical period, capturing over half of the plant-based yogurt market.
  • Increased concern for animal welfare is prompting consumers to shift towards plant-based yogurt consumption.
  • North America and Europe shall remain the most lucrative markets for the sales of plant-based yogurts. Entry of various market players by virtue of partnerships and acquisitions is anticipated to keep the demand high in these regions.

Plant Based Yogurt Market- Key Driving Factors

  • One-third of the North American people have curtailed their meat and dairy intake, bolstering demand for plant-based products. This trend has created optimum conditions for the plant-based yogurt market to flourish.
  • A burgeoning retail industry by virtue of several technological advancements are enhancing the shopping experiences of consumers. In addition, attractive packaging and flavor combinations are compelling consumers to purchase plant-based yogurts, driving market growth.
  • The trend of product positioning with additional functional claims such as high protein and probiotic content is deepening plant-based yogurt market penetration in countries such as Brazil, India, Poland and China.

Plant Based Yogurt Market- Key Constraints

  • Misperceptions about the presence of lower nutritional content in plant-based yogurts compared to milk-based yogurts among developing nations is limiting market penetration.
  • High price volatility in comparison to its milk-based alternatives is impeding the expansion of plant-based yogurt markets across regions.

Anticipated Impact of the Coronavirus Outbreak

COVID-19 has ushered in an era of unprecedented uncertainty. As countries struggle to eliminate this deadly disease by imposing lockdowns and social distancing measures, consumers are taking the initiative to adhere to basic precautionary steps, such as maintaining hygiene through regular handwashing and sanitization and also consuming immunity boosting foods and beverages. It is a common belief among medical practitioners and individuals that a healthy diet would help the body develop adequate strength to fight the infection. As a result, consumption of plant-based foods has seen a staggering increase.

Owing to calls for maintaining social distancing, leading market players are effectively exploiting the e-commerce channel in order to expand their sales. With the availability of a myriad range of flavors on online sales channels, consumers are presented with an array of choices to select from within the comfort of their homes. Co-incidentally, traditional retail sales of plant-based yogurts has experienced a resurgence as several countries across the world have relaxed the curbs imposed on netizens, enabling them to visit departmental stores and supermarkets to purchase their products.

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Competition Insights

The plant based yogurt market is extremely competitive, characterized by the presence of over 100 market players. Prominent players operating in the plant-based yogurt market include, but are not limited to: Lyrical Foods, Inc., Stonyfield Farm, Inc., Trader Joe’s, Callifia, Chobani, Forager, Good Plants, Good Karma, General Mills, Inc., Nancy’s, So Delicious, Silk, Danone S.A, GT’s Living Foods, The Coconut Collaborative and COYO Pty Ltd. The abovementioned market players invest in product launches and strategic collaborations in order to acquire a competitive edge. As the number of collaborations and acquisitions gather momentum in the coming years, the plant-based yogurt market shall expand at an impressive pace. Additionally, a consumer-oriented approach is assisting players in greater market penetration. This includes introduction of exotic flavors to indulge consumers’ tastes and improving their confidence.

Get Valuable Insights into Plant-based Yogurt Market

Future Market Insights, in its new report, presents an unbiased analysis of the global plant-based yogurt market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. Based on nature the market can be segmented into conventional and organic. In terms of flavor, the market can be segmented into regular, vanilla, strawberry, blueberry, cherry, peach, raspberry, coconut, coffee, and others. Based on product type the market can be segmented into cereal type, legume, nut, seed, and pseudo cereal. Based on price range the market can be segmented into economic, mid-range, and premium. Based on sales channel the market can be segmented into food service and retail. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.

About Food & Beverages division of FMI

Expert analysis, actionable insights, and strategic recommendations – the Food & Beverages team at FMI helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 100+ countries for over a decade. The team provides end-to-end research of the global food & beverage market and consulting services; know how we can help.

 

Virtual Event Platforms Market: Latest Innovations, Drivers and Industry Key Events Over 2030

Virtual Event Platforms Market was valued at USD 9.03 Billion in 2020 and estimating a CAGR of 16.3% from 2020-2030.

Future Market Insights’ (FMI) recent study opines global virtual event platforms market to witness staggering growth, on account as organizations switch to cloud computing and augmented reality in the wake of Industry 4.0, various virtual platforms have come into existence. Their scope has further increased in the past few months, with businesses transitioning to remote working approaches in light of the pandemic crisis.

COVID-19 to Skyrocket Virtual Event Platforms Market

The novel coronavirus pandemic has induced a drastic reshaping of the global economy. Government mandated lockdowns have compelled organizations to accommodate work from home practices, thereby shifting businesses to the virtual platform.

Throughout the pandemic’s duration, the global virtual event platforms is expected to remain on a high growth trajectory. Large, medium and small enterprises have increased spending on cloud and virtual event management platforms, with meetings and conferences being conducted online.

According to Future Market Insights’ (FMI) estimates, the demand for virtual event platforms will surge exponentially, with maximum uptake likely to be across the education and healthcare industries. These network-based platforms have enabled people to schedule appointments with exhibitors, sponsors and performers.

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Virtual Event Platforms Market: Prominent Vendors

The global virtual event platforms market report has profiled the following prominent players*:

  • Microsoft Corporation
  • Cisco Systems
  • Zoom Video Communications
  • Cvent
  • Evenium
  • SpotMe
  • Cadence
  • Cvent Inc.
  • 6Connex Inc.
  • Hubb LLC

*This list is indicative- full details about virtual event platforms players is available upon request.

Virtual event platform market: Segmentation

Solution

  • Software
  • Integrated Virtual Event Platforms
  • Standalone Software
  • Service
  • Live Event Support
  • Post Event Processing Services
  • Event Consulting Services
  • Support Services

End-User

  • Enterprise/Corporates
  • Event Management Agencies
  • Academic Institutions
  • Trade Show Organizers
  • Others

Enterprise Size

  • SMEs
  • Large Enterprises

Region

  • North America (U.S & Canada)
  • Latin America (Brazil, Mexico & Rest of Latin America)
  • Europe (Germany, France, Italy, Spain, U.K, BENELUX, Russia & Rest of Europe)
  • East Asia (China, Japan & South Korea)
  • South Asia & Pacific (India, Thailand, Malaysia, Indonesia, Australia & New Zealand)
  • Middle East & Africa (GCC, South Africa, Turkey & Rest of MEA)

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Key Questions Answered in the Report

  1. How will virtual event platforms market expand from 2020-2030?

The global virtual event platforms market is expected to grow staggeringly between 2020 and 2030. An impressive 16.3% CAGR is forecasted for the market throughout the said assessment period

  1. What factors propel the virtual event platforms market?

The global virtual event platforms market is impelled by a proliferation of advanced networking technologies and increased frequency of live-streaming virtual events in the wake of the COVID-19 pandemic. Additionally, increasing scope of virtual platforms across the healthcare domain is likely to accelerate growth

  1. What are the possible impediments to the market?

Difficulties in integrating virtual platforms into various levels of business operations is proving to be a significant hindrance to the virtual event platforms market growth. Companies need to ensure consistency at every tier, which increases their overall spending

  1. Which is the largest virtual event platforms market?

As per Future Market Insights’ (FMI) projections, North America is likely to retain market dominance, owing to the presence of various global and regional organizations across various end-use industries. However, South Asia & Pacific is expected to emerge as the fastest growing market, attributed to flourishing education and healthcare sectors

  1. Which domain is an extensive virtual event platform user?

Academic institutions are effectively leveraging virtual event platforms due to extensive usage of live-streaming interfaces to deliver lectures and conduct classes in light of the pandemic crisis. Additionally, demand for quality education delivery is also increasing adoption across the educational sphere.

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.

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Baby Personal Care Products Market to Hold a High Potential for Growth by 2025

Rising demand for baby personal care products is here to stay despite the global economic challenges posed by the COVID-19 pandemic, suggests study conducted by Future Markets Insights (FMI). Recent launches in premium products category and personalization based on demography are expected to be the key drivers for the market along with the growing concern towards skin care routine of the babies. According to a recent report published by FMI, the global baby personal care products market is anticipated to grow at a CAGR of 6.7% during the forecasted period of 2020 to 2030 and reach market value of 89 billion (US) dollars by the end of year 2030.

Market for baby personal care products always had a conventional customer base for personal hygiene products like diapers. However, a spike in the demand for premium products like wipes and training pants is witnessed, especially in the developing countries. This new trend has opened up a wide range of market penetration opportunities and potential for innovations in the segment for the manufacturers.

Although skin care products enjoy the number one position in the baby personal care products market, other categories like oral hygiene and hair care products are gaining popularity.

In addition to this, increase in market potential and opportunities due to these trends is getting a huge push by the growing demand for organic and natural products. Thus giving a whole new area for manufacturers to explore and find niche.

FMI’s report provides a comprehensive overview of the market, covering important market dynamics.

Baby Personal Care Products Market to Hold a High Potential for Growth by 2025 3
Baby Personal Care Products Market

Key takeaways from the report:

  • Market players are focusing on bringing innovative products, keeping in mind the demands of the consumer
  • Focus on products with ingredients that are natural and non-toxic is going to be the future of the baby personal care products industry
  • Online sales channels are seeing an upper hand over conventional stores, owing to the restrictions put forth by the pandemic
  • Skincare is gaining prominence, while personal hygiene products account for a sizeable share
  • Europe is going to be the largest market for premium products throughout the forecasted period
  • Developing countries are emerging as the potential market for baby personal care products

“Steered by changing consumer preferences, leading brands are gradually shifting towards organic ingredients. With consumers more willing to spend on premium products, focus towards innovation in skincare is expected to surge,” said a lead analyst at FMI.

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Steady Growth Expected Despite COVID-19

As the world came to a standstill with lockdowns imposed by the governments across the world, the impact on the market of baby personal care products was significant. Retail channels being one of the worst hit due to shortage of labor and transport restrictions, major reliance on E- commerce was the only way to move ahead.

The lockdown has forced industries and online service providing platforms to join hands in order to cater to the customers. In a way, e – commerce has come to the rescue by redefining commercial activities globally.

Meanwhile the segment of population that was not open to online shopping has also shown its willingness to adapt during these turbulent times.

The lack of transport facilities in the beginning of the lockdown have left a dent in the baby personal care products market. However, experts believe that market is going to recover soon with restrictions being lifted by governments in phases across the world.

“As the industry recovers from the effects of pandemic on its business, focus on premium products and bringing in new range of organic and 100 % natural products will shape the market in a positive way in the near future” quotes a lead analyst at FMI.

Who is winning?

Some of the market players featured in the baby personal care products report are Me n Moms Pvt. Ltd., Klee Naturals, Tubby Todd Bath Co., Hindustan Unilever Limited, Johnson & Johnson, L’Oreal, Kimberly Clark, Colgate-Palmolive, Beiersdorf AG, Shiseido, Ontex Group, Biotique, Himalaya Global Holdings Ltd., Weleda Inc., The Clorox Company (Burt’s Bees), Babylist Inc. (Earth Mama Organics), among others.

Product launches will remain a key strategy adopted by market players to gain competitive advantage. The baby personal care products industry holds immense potential globally. Companies are introducing products which satisfy the kids as well as the adults. The reason being, products that are healthy and safe top the list for adults and products that are fun and attractive appeal to the kids.

For instance, Tree –Free baby wipes by Caboo are made from bamboo spun lace and are rich in vitamin E, chamomile flower and aloe Vera leaf. While this gives the baby a soothing touch, it also gives the adults satisfaction to adults of doing their tiny bit for the planet.

More Insights on Baby Personal Care Products Market

Future Market Insights, in its new report, provides an unbiased analysis of the global baby personal care products market, presenting demand data (2015-2019) and forecast analysis for 2020-2030. The study divulges compelling insights on the baby personal care products market based on the product type (skincare {creams & lotions, and face cleanser}, body care {soaps, shower gels, creams, and oils}, hair care {shampoos, conditions, hair oils, and others}, oral care {toothpaste, toothbrush, and teethers}, toiletries {diaper & training pants, and baby wipes}, fragrances & deodorants, and colour cosmetics), gender (boys, girls, unisex), age group (newborn, toddler, kids), end-user (individual, institutional), sales channel (modern trade, convenience stores, online retailers, mono brand stores, drug stores, specialty stores, departmental stores, and other sales channel) across seven major regions.

Report Scope

Attribute Details
Forecast Period 2020-2030
Historical Data Available for 2015-2019
Market Analysis USD Million for value
Key Regions Covered North America, Latin America, Europe, East Asia, South Asia, Oceania Middle East & Africa
Key Countries Covered US, Canada, Germany, U.K., France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa
Key Segments Covered Product Type, End User, Nature, Gender, Age Group, Price, Sales Channel, and Region
Key Companies Profiled Hindustan Unilever Group, Proctor & Gamble, Kimberley Clark, Johnson & Johnson, Colgate-Palmolive, The Clorox Company, Me n Moms Pvt. Ltd., Weleda AG, among others.
Report Coverage Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing Available upon Request

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Synthetic Leather Market Is Set to Experience Revolutionary Growth by 2031

 

Future Market Insights (FMI) has forecast the global synthetic leather market to register year-on-year growth of 4.50% in 2021. Sales of synthetic leather are expected to reach US$ 34.1 Bn, surpassing 40,119 KT by the same year.

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Synthetic leathers are versatile in terms of application and are used in manufacturing of footwear, furnishings, garments, and luxury items. Increasing demand for synthetic leather can be attributed to mounting concerns regarding the environmental impact of natural leather and changing consumer preference towards animal free and vegan products.

Stringent animal cruelty regulation, growing awareness regarding various attributes of synthetic leather, and increasing price of natural leathers are key factors driving the market throughout the assessment period.

Superior physical and functional properties of synthetic leather over traditional leather and increasing research and development undertaken to discover cost effective alternatives to natural leather will play a key role in boosting the demand for synthetic leather, says FMI.

Automotive industry is gradually transitioning from natural leather to lightweight synthetic leather interiors. Due to increasing demand for lightweight automobiles, sales of synthetic leather are expected to growth significantly over the forecast period.

Lightweight vehicles consume less fuel and offer more mileage, thus contribute in reducing carbon dioxide emission. Research and development has identified a direct correlation between fuel economy and vehicle weight.

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This has compelled automotive manufacturers towards reducing curb weight of the automobile and pushed them to adopt lightweight synthetic leather for manufacturing of vehicle seat, doors, dashboard, and steering covers.

Thus top original equipment manufacturers are adopting lighter materials in vehicles, spurring the demand for synthetic leather in automotive industry.

Key Takeaways from FMI’s Synthetic Leather Market Study

  • Increasing demand for vegan and bio-based synthetic leather for bags and sportswear manufacturing along with increasing sales of mobile and laptop protective covers in U.S. will assist the North America synthetic leather market to grow at 3.70% CAGR through 2031.
  • Synthetic leather sales in Europe is forecast to increase at 3.60% CAGR during the assessment period, backed by booming fashion and automotive industries in Western Europe region and growing awareness regarding negative impact of leather tanning on environment among the population.
  • India will offer significant growth opportunities in synthetic leather market due to increasing sales of designer footwear and stringent government regulations towards processing of natural leather.
  • Argentina is forecast to lead the synthetic leather market in Latin America owing to high demand for calfskin leather alternatives, increasing export of leather products, and strong economic growth in the country.
  • Japan will hold around 11% of the global market share in 2021. Sales uptick can be attributed to increasing production and export of synthetic leather from the country.

 “Gradual recovery of global economy post pandemic, rising awareness regarding animal cruelty, and focus on reducing the carbon footprint in fashion industry will fuel the demand for synthetic leather during the forecast period,” says the FMI analyst.

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Competitive Landscape

According to FMI, the global synthetic leather market is fairly consolidated, in which leading players account for two fifth of the market value share as of 2021.  Emergence of new start-ups and regional players is expected to make market highly competitive in upcoming years.

Top market players are adopting organic growth strategies such as the introduction of new and advanced materials to strengthen their position in this evolving market. For instance, in September 2020, Gordini launched “Clutch™ Synthetic Leather” which is an excellent alternative to natural leather and is claimed to outperform traditional leather.

Natural Fiber Welding Inc. introduced its first 100% plant based leather called “Mirum” in Bio-Based Summit 2021. This synthetic leather is made from recycled cotton, hemp, natural rubber, cork and vegetable oil. This leads to reducing carbon impact by 40% and 17X less carbon emission than plastic based synthetic leather.

Manufacturers are forming strategic partnerships and collaboration to gain market advantage and survive in this highly competitive market. For instance, in 2021, Natural Fiber Welding Inc. (NFW) joined hands with San Francisco-based footwear brand Allbirds for developing bio-based synthetic leather and reduce its prices.

Allbirds invested around US$ 2 Mn in NFW to boost the production of plant based leather and eradicate fossil fuel-based materials from the fashion industry.

Prominent players operating in the synthetic leather market are:-

  • Kolon Industries Inc.
  • Mayur Uniquoters Ltd.
  • Gruppo Mastrotto S.p.A.
  • Alfatex.
  • Achilles Corp.
  • Teijin Limited
  • Nan Ya Plastics Corporation
  • Asahi Kasei Corporation
  • Toray Group Kuraray Co., Ltd.
  • Daewon Chemical Co Ltd.
  • Leather Resource Of America Inc.
  • Comfort Int’l Co., Ltd
  • Sheng Hung Industrial Co. Ltd.
  • Plastics Elche S.A

Gaming Hardware Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2026

Gaming hardware includes a wide range of devices which are used to enhance the gaming experience. This includes high end HD display TV’s, high graphic PC’s, smartphones, coupled with a variegated range of accessories such as gaming consoles, VR glasses, etc. These devices significantly enables the user to experience realistic representation of players and environment during gameplay. Moreover, innovative technologies such as 3D gaming and interactive glasses are further enhancing the experience and also driving constant innovation in the gaming hardware world.

The global demand for gaming hardware is projected to expand with a faster growth rate compared to demand for general PC hardware, and the global gaming hardware market is henceforth, anticipated to expand with an impressive CAGR over the forecast period.

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Global Gaming Hardware Market: Drivers and Restraints

The prime factor driving the growth in the global gaming hardware market is the increasing expenditure by gamers on advanced next generation gaming consoles. Moreover, the advent of high definition TV’s and high graphic PC’s and laptops is another factor fuelling more demand for gaming hardware. This coupled with an increase in number of AAA games requiring high computing and display power, will further fuel the gaming hardware market. Increasing demand for VR is set to drive revenues in the global gaming hardware market, as gamers are showing high inclination towards games which have superfast frame speeds. Furthermore, with increasing internet penetration and the advent of Internet of Things (IoT), a large number of advanced multiplayer games is creating new enthusiasm is gamers to opt for high end consoles and peripherals.   With a large number of gamers still stuck to PC gaming, regular hardware consoles are a reality, as these users shows high inclination towards technology updates, thus driving continuous revenues in the global gaming hardware market.

A recent shift of casual gamers towards mobile phones and tablets, might affect the revenues in the global gaming hardware market, as they shift from high end PC’s and consoles

Global Gaming Hardware Market: Regional Outlook

The Global gaming hardware market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). APEJ is expected to dominate the global demand for gaming hardware throughout the forecast period, followed by North America and Western Europe. In APEJ a prominent share of demand is anticipated to come from China, followed by South Korea. However, Japan is also anticipated to account a significant market share for gaming hardware over the forecast period. Western Europe and North America are anticipated to execute a sluggish growth in demand for gaming hardware. Increasing penetration of PC and Consoles in Latin America is expected to translate into a significantly higher growth rate over the forecast period. Moreover, Eastern Europe and Middle East and Africa are also anticipated to exhibit moderate CAGR over the forecast period compared to the matured markets of North America and Western Europe.

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Global Gaming Hardware Market: Key Players

Some of the major players identified in the global gaming hardware market include

  • Sony Corporation
  • Microsoft Corporation
  • Apple Inc.
  • Google
  • HTC Corporation
  • Nintendo
  • Linden Research, Inc.
  • Activision Blizzard, Inc.
  • Sega Games Co., Ltd.
  • Oculus VR, LLC

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, types, technology and applications.

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Global Gaming Hardware Market: Segmentation

The global gaming hardware market is segmented:

On the basis of hardware type,

  • Gaming Platform
  • PC
  • TV
  • Smart Phones/Tablets gaming
  • Accessories
  • Peripherals
  • Consoles
  • TV Gaming Consoles
  • Handheld Gaming Consoles
  • Android Gaming Consoles
  • Others
  • Handhelds
  • VR Glass
  • Others

On the basis of distribution channel,

  • OEM
  • Aftermarket

Solar Panels Market Share by 2026: Upcoming Trends and Analysis

Solar panel refers to a panel designed to absorb the sun’s rays as a source of energy to generating electricity and heating. It reduces the amount of electricity coming from fossil fuels by supplying your operations with clean, renewable energy from the sun. Solar panels are also called photovoltaic or PV modules as it directly converts sunlight into electricity. The sun produces enough energy daily to supply 10,000 times the world’s electrical needs. Solar Photovoltaic panels are packaged, connected assembly of typically 6×10 solar cells that generates and supplies solar electricity in commercial and residential applications. Solar panels are not only used for residential rooftop applications, but they are also widely used for applications such as powering electronic devices, individual gadgets, and vehicle batteries. Installing solar panels on a house roof can decrease the household’s carbon footprint by an average of 35,180 pounds of carbon dioxide per year.

In 1960s, the first commercial use of solar cells was for powering satellites. There are various quality levels of solar panels with different efficiency and cost factors namely Monocrystalline solar panels, polycrystalline solar panels, and thin-film panels (amorphous panels). Solar Panels are tested under “Standard Test Conditions (STC)”. Solar panels can be accurately compared with each other and rated by using fixed set of conditions considered under this method. There are three standard test conditions for testing solar panels including temperature of the cell, solar irradiance, and mass of the air.

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Global Solar Panels Market: Drivers and Restraints

There is increasing demand for solar panels in the residential rooftop applications. There is significant fall in the prices for key components such as silver and polysilicone that are used to make solar cells. Solar Panels don’t create noise and don’t make any emissions. Price drops for industrial commodities that are used to make solar panels, and higher price expectations for electricity and natural gas are the factors that are expected to drive growth of the solar panels market for the forecast period (2015-2025). Increase in electricity price combined with cheaper solar panels will drive the solar panels market.

Solar energy doesn’t work at night without a storage device such as a battery. Climatic changes and cloudy weather can disturb the working of solar panels during daytime. Also, solar technologies are expensive. These are some of the factors that are limiting the growth of solar panels market to some extent.

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Global Solar Panels Market: Region-wise Outlook

The global Solar Panels market is estimated to witness high growth for the forecast period (2015 to 2025). North America market for solar panels has been growing rapidly especially due to the growth of residential solar applications in the U.S. In 2012, solar produced energy accounted for 0.11% of the total electricity generated in the U.S., according to U.S. Energy Information Administration.

FMI’s forecasts the Solar Panels market in Asia-Pacific is expected to show the fastest CAGR over the forecasted period. There is a shift in production of solar panels from U.S. to China and India due to low manufacturing cost.

Global Solar Panels Market: Key Players

Some of the major players of the global Solar Panels market are: Yingli Solar, Photonix Solar Pvt. Ltd, Goal Zero, AGL Solar Energy, and others.

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Global Solar Panels Market: Segmentation

Global Solar Panels market is segmented by: type, application, and by region.

Solar Panels By Type:

  • Monocrystalline Solar Panels
  • Polycrystalline Solar  Panels
  • Thin-film (Amorphous) Panels

Solar Panels By Application:

  • Residential
  • Commercial
  • Power Plants
  • Off Grid