Regulatory Reporting Solutions Market Is Expected To Reach ~US$ 15.5 Bn By 2031, Growing At A CAGR Of 14.8% For 2021 – 31

According to the regulatory reporting solution industry analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 14.8% from 2021-2031.

The report also forecasts that the market will surpass a valuation of ~US$ 3.9 Bn by the end of 2021. As per FMI, intelligent data analysis and reporting present an opportunity to identify trends and better mitigate inherent risks.

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New regulatory regimes may lead to a more proactive approach to regulations. Regulatory processes have become streamlined due to adoption of regulatory reporting solution and it provides regulators a real-time data. Enterprises are using technology like Apache Spark for real-time data analysis and monitoring.

Real-time data analysis helps bank to identify and track fraud. Automation and consolidation of reporting and analytical processes facilitate this streamlined approach to regulations.

Key Takeaways: Regulatory Reporting Solution Market

  • By solution, the regulatory reporting segment is anticipated to account for the leading share in the global demand for regulatory reporting solution during the forecast period. However, the consulting and advisory service segment is estimated to grow at a robust CAGR of 13.7% through 2031.
  • The adoption of regulatory reporting solution by insurance industry is expected to rise at maximum pace. As per FMI, demand in this segment will increase by a CAGR of 18.0% between 2021 and 2031.
  • EMEA is expected to lead the market followed by North America in 2021. EMEA is anticipated to emerge as the fastest growing region between 2021 & 2031.
  • The market in U.K. is expected to progress at a CAGR of 19.1% through 2031.
  • In India, sales are expected to increase at a CAGR of close to 21% over the next ten years.

 “Regulatory reporting solutions market players are focusing on developing innovative solutions that are integrated with analytical capabilities to address regulatory requirements across multiple jurisdictions” says FMI analyst.

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COVID-19 Impact Analysis on Regulatory Reporting Solution Market

As a result of COVID-19 outbreak and the consequent lockdown in various countries, many of the firms found their profitability and processes under unprecedented stress. The pandemic has accelerated digital transformation among financial firms.

Digital transformation is compelling central banks and regulators to restructure and rethink their approaches for becoming resilient, adopting various technologies and constructing an agile operating model, all while offering regulatory services.

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Regulatory agencies are encouraging financial firms to adopt digitalization for convenience and transparency. Due to the trend of increasingly complex regulatory requirements regulators and financial firms are finding reporting as a complex and time-consuming task. Adopting regulatory reporting solution may lead to various benefits like more transparent regulation, which the top-most priority for financial firms.

Implementation of technologies such as artificial intelligence, blockchain, and application programming interface helps the regulators to supervise financial markets, identify harm and detect financial crime.

Digital Ovulation Test Kits Market expanding at a CAGR of 9.6% for 2021 – 2031

The U.S. digital ovulation test kit market grew at about 4% CAGR until 2020, according to a study by Future Market Insights (FMI). The U.S. digital ovulation test kit market is expected to reach US$ 95.1 Mn by 2031, expanding at a CAGR of 9.6% for 2021 – 2031.

The demand for digital ovulation test kits will accelerate in response to the increase in working women population and rising need of self-sustained digital ovulation test kits.

As per data from Centers for Disease Control and Prevention (CDC), around 6% of married women in the U.S. aged 15-44 years were unable to conceive in 2019.

The report also states that approximately 12% of 15-44 years aged women face difficulty in conceiving or carrying a pregnancy even after trying for one year.

Rising necessity for cost-efficient and accurate digital ovulation test kits in the market for fertility monitoring will increase the demand for digital ovulation kits in the U.S.

Key manufacturers are focusing on initiating various awareness campaigns and online education programs to spread awareness regarding PCOS and PCOD in women. The collaboration between government and healthcare organization to improve fertility rates across the nation will elevate the market demand.

Digital ovulation test kits assist users to keep an eye on fertility disorders. The rapid adoption of digital strip readers for ovulation tests creates an ideal environment for market growth.

Line indicator ovulation test kits have become outdated as women find it difficult to interpret test results. Digital ovulation test kits provide direct results in the form of digital display. The new models can connect to your smartphone and deliver the results.

As per a study conducted by Clearblue regarding feasibility, it became evident that the use of digital devices has reduced the chances of errors and misinterpretation by around 70%. High accuracy and ease of use will fuel the market demand in upcoming years.

 “Extensive research and development in the field of ovulation test kits led to invention of digital ovulation testing kits with smartphone connectivity to track the fertility hormones. Focus on innovation will drive the U.S. digital ovulation test kits market during the forecast period,” says a FMI analyst

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Key Takeaways

  • Branded digital ovulation test kits are dominating the U.S. market, accounting for about 85% of total market share in 2021. Extensive marketing using online portals like Amazon and EBay will fuel the market demand.
  • Private label test kits are gaining significant grounds and are expected to experience significant growth during forecast period. The private label kits are promoted in high profile meetings and medical conferences leading to increased market sales.
  • High availability of digital ovulation test kits in pharmacies and hospitals assisted the institutional sales segment to generate significant market revenue. Institutional sales generate more than 54% of total maximum revenue generation in U.S.
  • Digital ovulation test kits market has observed a slight dip in demand owing to its high prices. With regional market players developing cheaper kits, a healthy demand is expected throughout the assessment period.
  • Invention of new products alternative to digital ovulation test kits and increasing cases of product recalls will hamper the market growth.

 Competitive Landscape

According to the study by Future Market Insights, the main area of focus among all market players is rapid product development and new product launches to strengthen their market position.

The market players are working towards increasing consumer awareness to gain a competitive edge in this consolidated market.

Samplytics Technologies Private Limited developed a smartphone-connected device named “Inito Fertility Monitor” and launched it in November 2020. The device is effective to identify up to 6 fertile days to measure estrogen and luteinizing fertility hormones.

To enhance commercialization, leading market players are employing collaborative promotion and marketing strategies to increase their visibility in this cut throat environment. Such strategies will heighten the popularity of digital ovulation test kits in the market.

Wal-Mart and Amazon have partnered with leading manufacturers such as Church & Dwight Co. Ltd. The aim is to use e-commerce portals to bolster overall brand image and promote digital ovulation test kits.

Some of the leading companies operating in the U.S. digital ovulation test kits market are:

  • Swiss Precision Diagnostics GmbH
  • Church & Dwight Co., Inc.
  • Gregory Pharmaceutical Holdings, Inc.
  • Sugentech, Inc.
  • iXensor Co. Ltd
  • Samplytics Technologies Private Limited
  • Bio-AMD

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More Insights on the Global U.S. digital ovulation test kits Market

Future Market Insights, in its new offering, provides an unbiased analysis of the U.S. digital ovulation test kits market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the U.S. digital ovulation test kits market with a detailed segmentation on the basis of:

By Product:

  • Branded Test Kits
  • Private Label Test Kits

By Distribution Channel:

  • Institutional Sales
  • Hospital Pharmacies
  • Gynaecology Clinics
  • IVF Clinics
  • Maternity Care Centers

Retail Sales

  • Retail Pharmacies
  • Drug Stores
  • Hypermarkets & Supermarkets
  • Online Sales

 Key Questions Covered in the Report

  • How will the U.S. digital ovulation test kits market expand through 2031?
  • Which top manufacturing companies are leading the global U.S. digital ovulation test kits market?
  • What are the key drivers and trends that will stimulate the U.S. digital ovulation test kits sales?
  • What are the challenges that will affect the sales of U.S. digital ovulation test kits market?
  • Which region will remain the most lucrative throughout the forecast period?
  • What is the impact of Covid-19 on U.S. digital ovulation test kits market?

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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.

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Cargo Bike Tire Market value is projected to grow at 12.2% CAGR and volume is expected to grow at a CAGR of 11.6% over the forecast period 2021 – 2031

[284 Pages Report] The cargo bike tire market value is projected to grow at 12.2% CAGR and volume is expected to grow at a CAGR of 11.6% over the forecast period 2021 – 2031

Cargo Bike Market Value (2021A) US$ 162.7 Mn
Cargo Bike Market Estimated Year Value (2022E) US$ 181.1 Mn
Cargo Bike Market Projected Year Value (2031F) US$ 515.5 Mn
Value CAGR (2021-2031) 12.2%

 

According to Future Market Insights (FMI), over the forecast period from 2021 to 2031, the global cargo bike tire market is projected to grow at a CAGR of 12.2%.

Key factors driving the cargo bike tire market are higher life-span offered by cargo bikes, rise in the number of miles being ridden by cargo bikes each year, increasing concern towards safety and maintenance, and technological advancements to offer better grip and performance of tires.

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As city streets keep clogging up at a rapid speed, cargo bicycles have emerged as one of the most productive and advantageous methods of transportation for cargo firms. Driven by this the sales of cargo bikes will pick up pace globally and this trend will continue through the course of the forecast period.

Steered by implementation of stringent emission control norms, the market players are focusing in on the production of electric cargo bike. Various players working in the cargo bike tire industry are expected to expand their product portfolio in the forthcoming years.

Key Takeaways from Market Study

  • By product type, tubeless tire are anticipated to account for sales of more than 60% in the global market.
  • Three wheeled cargo bikes held a market share of about 45% in terms of cargo bike type in the market.
  • By region, Europe is projected to hold more than 65% of the global market.
  • Tubeless tire is projected to be the fastest growing segment in terms of product type, exhibiting a CAGR of 12.7%
  • The 26 inches tires segment is projected to account for 38% of the market based on tire size.

Cargo Bike Tire Market Competitive Landscape

The market has been described as slightly fragmented globally. Some of the leading market participants include Cheng Shin Rubber Ind., Goodyear Tire & Rubber Company, Ralf Bohle GmbH (Schwalbe), Trek Bicycle Corp., Hutchinson, Zhongce Rubber Group Company Limited, Michelin Group, Trelleborg Group, Continental AG, Kenda Tires, PT. Inustri Karet Deli, WTB, Vittoria S.p.A., Ralson Tyres, Metro Tyres, Mitas, Panaracer Corporation, HWA Fong Rubber Co., Ltd. (Duro Tires) and others.

Key organizations are investing in research and development to offer better products to expand their market share. A few organizations working in the cargo business, including DHL, UPS, and Amazon plan to test the capability of cargo bikes in New York City, and have introduced a test case program to minimize traffic congestions in specific parts of Manhattan.

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Cargo Bike Tire Market Projection

Cargo bike tires will witness a large increase in demand due to rising cargo bike sales and increasing number of people choosing for environmentally friendly e-bikes. Manufacturers are also being influenced by environmental regulation to develop products that adopt technology improvements.

Key Market Segments Covered

Product Type

  • Tube
  • Tubeless

Tire Size

  • Below 20”
  • 20”-24”
  • 26”
  • 27.5”
  • Others

Cargo Bike Type

  • Two-Wheeled
  • Three-Wheeled
  • Four Wheeled

Sales Channel

  • OEM
  • Aftermarket

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Region

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

High Flow Oxygen Therapy Devices Market Research Report 2021 – Global Forecast till 2031

The rising prevalence of acute respiratory failures (ARF) due to the COVID-19 outbreak, risk of community infection, increasing demand for high flow nasal cannula, and advancements in High Flow Oxygen Therapy Devices are some key factors contributing to the growth of the high flow oxygen therapy devices market.

According to a recent study by Future Market Insights (FMI), these factors have proven crucial at enabling growth in the high flow oxygen therapy devices market. Sales of high flow oxygen therapy devices are expected to top US$ 1.7 Bn in 2021, at a CAGR of -6.4% during 2021-2025 and CAGR of 1.4% during the forecast period (2025-2031).

Public health issues worldwide, including Acute Respiratory Failure (ARF), pneumonia, asthma, and interstitial lung disease, pose a significant socioeconomic burden on individuals and societies.

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Presently, COVID-19 is the primary risk factor for ARF. COVID-19 symptoms such as low blood-oxygen level and pneumonia in patients increase the risk of ARFs. Because of the growing ageing population and increased exposure to risk factors, ARF and pneumonia are becoming more prominent problems across the world, which is fuelling the demand for high flow oxygen therapy devices.

The World Health Organization (WHO) Child Health Epidemiology Reference Group estimates that the pneumonia resulted 105.7 million new cases in 2017; of these 13% were severe and needed immediate hospitalization.

Consistent rise in incidence of pneumonia will fuel the demand for high floe oxygen therapy devices through the forecast period. Indoor air pollution was a major risk factor that was estimated to have led to 29% of pneumonia deaths in 2017.

Outdoor air pollution was responsible for another 18% of all deaths. In addition, an increase of 81.1% in the number of pneumoconiosis cases were observed for both sexes from 1990 to 2017 worldwide. Thus, the growing burden of respiratory diseases along with the outbreak of COVID-19 across the world is expected to drive the high flow oxygen therapy devices market.

2016-2020 High Flow Oxygen Therapy Devices Demand Outlook Compared to 2021-2031 Forecast

According to Future Market Insights (FMI), the sales of high flow oxygen therapy devices have grown at a CAGR of -6.4% during 2021-2025 and 1.4% between 2025 and 2031. Increasing focus on research and development (R&D) activities to launch novel products & solutions with a focus on preventive measures is driving current sales figures.

The growing risk of community respiratory infection owing to the emergence of new or mutant viral and bacterial infections is expected to increase the demand for oxygen therapy. An unprecedented pandemic outbreak has created a huge gap between the demand and supply of a high flow nasal cannula system.

The increasing number of hospital-acquired respiratory infections is expected to drive the growth of the market. In December 2019, the COVID-19 pandemic engulfed the world. This highly transmissible respiratory disease significantly spiked the demand for medical masks, gloves and other medical equipment like oxygen therapy devices.

high flow oxygen therapy devices market region wise position and notable trends

Key Takeaways from High Flow Oxygen Therapy Devices Market Study

  • Demand for heated humidifiers is expected to grow at -6.6% CAGR during 2021-2025 and 1.3% CAGR through 2025-2031, owing to the occurrence of the COVID-19 pandemic.
  • The acute respiratory failure segment accounted for a higher share of 90% among applications. This can be due to the rising COVID-19 cases that lead to acute respiratory failure in the infected patients and require non-invasive respiratory support.
  • 500 Beds and Above Hospitals are projected to capture over 51% of the global market by 2031. This is attributed to the growing burden of respiratory diseases.
  • North America is the largest revenue-generating region for high flow oxygen therapy devices, with the U.S. accounting for nearly 96% of the regional market in 2031.
  • South Asia is the second most lucrative market with India accounting for over 58% of the share in 2031.
  • Japan holds the leading position in East Asia and is expected to account for over 42% of the market in 2031.

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 “Increasing funding for R&D activities aimed launching novel products and solutions and healthcare recognition and recommendation of high-flow nasal cannula oxygen therapy will continue creating growth opportunities for manufacturers through the assessment period, ending in 2031,” says the FMI analyst

Who is winning?

Some of the leading manufacturers of high flow oxygen therapy devices are focusing on product approvals and launch strategies for global expansion objectives, thereby, enhancing their market presence. The leading key players are also focusing on innovation and launching new technologies for increasing the efficiency of products.

  • In June 2020, Armstrong Medical introduced the second generation FD140i, an improved dual therapy flow driver with an easier transition from CPAP to HFOT.
  • In 2019, TherOx Company received approval for SuperSaturated Oxygen Therapy system from the U.S. Food and Drug Administration (FDA) to be one of the effective therapies for cardiovascular diseases.

The key market players covered by FMI include Draegerwerk AG & Co. KGaA, Teleflex Medical GmBH, Philips Respironics, Vapotherm, Inc., ResMed, Vyaire Medical, Inc., Fisher & Paykel Corporation Ltd., Armstrong Medical, Flexicare Medical, Hamilton Medical Inc., Intersurgical Inc., Inspired Medical, WILAMed GmBH, Besmed Health Business Corp, Shenzhen Micomme Medical Technology Development Co., Ltd, Shenyang RMS Medical Tech Co. Ltd. and BMC Medical Co., Ltd.

Key Questions Answered in the Report

How much is the High Flow Oxygen Therapy Devices Market worth?

What are the key high flow oxygen therapy devices market statistics in Korea and Japan?

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Insulin Pens Market Prospects and Growth Assessment 2031

According to Future Market Insights (FMI), the demand for insulin pens is expected to rise considerably in the coming decade, enabling the market to surpass a valuation of US$ 30,407.5 Mn by the end of 2021.

Insulin pens are used by diabetes patients to avoid problems including cardiovascular diseases that may arise from this lifestyle-based ailment. To overcome problems related to conventional methods of insulin administration, insulin pens make the process easier and faster.

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According to the WHO, approximately 1.2 million deaths were caused due to diabetes in 2019 globally. To reduce the number of deaths or sufferings due to diabetes, the development of innovative techniques and products for the treatment and maintenance of diabetes is essential.

Type 2 diabetes cases are common, but it can be prevented or delayed by a healthy diet, consistent physical activity, maintaining a standard body weight and avoiding the use of tobacco. Diabetes can be treated or managed with medicines and regular checking and treatment. Increasing focus on innovative medical products and research are increasingly driving a transition towards insulin pen by diabetes patients.

Leading manufacturers in the insulin pen market are strengthening their market position through collaborations with various health and research organizations. Governments in developed and developing countries are actively taking initiatives to encourage innovative medical products.

For instance, in November 2020, Medtronic introduced CGM integrated smart insulin delivery pen to manage multiple daily dosage insulin injections. Similarly, Insulet expanded its offering of OmipodDASH into additional countries such as Sweden, Finland, Norway, and Denmark.

Key Takeaways from Insulin Pen Services Market Study
  • Reusable insulin pens are expected to account for over 49% the global market share by 2031, supported by a growing base of environment and cost-conscious consumers.
  • Hospital pharmacies will account for 33.8% of the market share in 2031. The soaring influx of patients for treatment and intensive care support supports growth.
  • The U.S. is projected to be the fastest-growing regional market with a CAGR of 5.6% through 2021-2031 owing to the matured healthcare sector of the country.
  • The U.K. and Germany are leading markets in Europe, accounting for more than 18% and 25% in 2021.
  • China is the largest and fastest growing market in East Asia, exhibiting a 4.7% CAGR through 2031.
  • Australia is leading the Oceania market, accounting for more than 85% of insulin pen revenues in 2021.

“Increasing prevalence of diabetes, technological advancements and rising investments in the healthcare sector will create lucrative growth opportunities for insulin pen manufacturers through the assessment period in 2031,” says the Future Market Insights analyst.

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Who is Winning?

The global insulin pen market is set to expand due to the rising prevalence of type 1 and type 2 diabetes. Leading organizations within the market are set to focus on research and development to offer an early and precise diagnosis of the ailment, besides offering effective patient care.

Some of the leading players in the insulin pen market include but are not limited to NovoNordisk A/S, Sanofi, Eli Lilly, Diamesco Co., Ltd., BigFoot Biomedical, Inc, Medtronic plc, Emperra GmbH E-Health Technologies, YpsoMed AG, and DUKADA Aps.

Baking Molds & Trays Market is estimated to reach US$ 773 Million And Sales of baking molds & trays are likely to grow by ~6.3% CAGR between 2021 and 2031.

[190 Pages Report] The baking molds & trays market, also called baking containers market, is estimated to reach US$ 773 Mn in 2021. Sales of baking molds & trays are likely to grow by ~6.3% CAGR between 2021 and 2031.

Baking Molds & Trays Market Size (2021A) US$ 773 Mn
Baking Molds & Trays Market Projected Value (2031F) US$ 1.42 Bn
Value CAGR (2021-2031) 6.3%

Future Market Insights (FMI) has projected the baking molds & trays market to record 6.3% CAGR between 2021 and 2031. Due to increase in demand for sustainable packaging solutions globally, the wooden-based baking molds & trays are expected to outgrow the sales of plastic (CPET-based) baking molds & trays packaging solutions.

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A majority of food packaging companies in the region are already exhibiting high demand for biodegradable packaging solutions for their food products in order to meet their sustainability targets. However, in the U.K., most of the prominent companies have shifted their focus from CPET material to wooden paperboard material due to significant increase in its demand in the last few years.

Companies such as Panibois was launched in such thinking to introduce complete wooden based baking molds & trays solutions in the market. With its extensive line of products, Panibois is one of the forth leading manufacturers in wooden based baking molds & trays solutions, and simultaneously meeting the sustainability criteria for Sustainable Development Goals 2030.

FMI forecasts that the sales of baking molds & trays will increase considerably in the coming years. Factors such as consumer inclination towards green solutions, easy disposable baking trays and molds, user experience and convenience factor coupled with advance recycling processes will exponentially increase the baking molds & trays sales globally.

Key Takeaways from Baking Molds & Trays Market

  • By cavity type, multiple cavity segment is ahead and leading the global baking molds & trays market. With its cost effectiveness, target segment is estimated to hold lion’s share of 80% during the forecast period.
  • On basis of material, silicone is mostly preferred in the market due to its durability, safety and hygienic properties. The same segment is anticipated to increase 2.02 times of current value, during next 10 years.
  • As per FMI experts, although industrial segment is expected to hold major chunk of the global market, commercial end use segment is expected to witness a gain of 150 bps of current value share by 2031, due to increasing health conscious youth preferring baked food over others.
  • East Asia and South Asia combined are anticipated to generate large financials for baking molds & trays market due to lower tax slabs and cheap labor and easy foreign investment laws. Collectively these two regions are estimated to create cumulative incremental opportunity of US$ 370 Mn by the end of 2031. On the other hand, mature markets of North America and Europe are expected to hold prominent market share of almost 37% by the year 2031.

 “The global consumption of bakery & confectionary products is rising exponentially, especially usage of ready to eat food products has opened attractive opportunities for baking molds & trays manufacturers to maximize their sales. Growing emphasis on safe and sustainable packaging is anticipated to redefine the baking molds & trays market growth,” says FMI analyst.

High Perforation of Baking Molds & Trays in Food & Food Services Industry to Augment the Sales

Demand for global baking molds & trays market is on a rise because of the steady increase in the disposable incomes of middle-class families. They are manufactured of high quality such as silicone, plastic, metal and possess properties such as durability, uniformity, and are sustainable. These lightweight and recyclable molds & trays are predominantly used in food and food service sector baking and confectionary purposes. These are available in a variety of shapes in the market such as circular, oval, rectangular, etc.

Urbanization has increased the standard of living of middle class households, with increase in working class parents, families are more dependent on purchasing bakery and confectionary items from commercial outlets. This has been a major cause for exponential rise in the baking molds and trays market over the span of last few years.

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Impact of COVID-19 on Baking Molds & Trays Market

Global crisis of COVID-19 pandemic had a low to moderate impact on the sales of baking molds & trays in the global market. Initially lack of availability of raw materials stopped the manufacturing process in factories across globe. Lockdown in prominent regions induced considerable impact on the manufacturing of baking molds & trays. Moreover, disruption of supply chains caused due to strict guidelines & overall lockdown lead to a complete shutdown of manufacturing plants for months. In general, the sales for baking molds & trays nearly halted during the lockdown causing a downgrade for the sales of target market. But during the last few months of the year 2020, supply chains were restored and trade routes re-opened due to which target market gained traction.

Baking Molds & Trays Market Landscape

Nordic Ware, Guardini S.p.A., SILIKOMART S.r.l. are the top players operating in the baking molds & trays market. Furthermore, Hans Brunner GmbH, Pavoni Italia S.p.A., Dongguan AASIN Technology Co. Ltd., Bold Maker are also the noticeable players in the baking molds & trays market. The Tier 3 players in the market hold 80-87% in the global baking molds & trays market. In conclusion, key players contribute almost 13-20% of the global market.

Baking Molds & Trays Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global baking molds & trays market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the baking molds & trays market on the cavity type (single and multiple), material (plastic, silicone, metal, wooden, and others), and end use (commercial, household, and industrial) across seven regions.

Baking Molds & Trays Market by Category

By Cavity Type:

  • Single
  • Multiple

By Material:

  • Plastic
  • Silicone
  • Metal
  • Wooden
  • Others

By End Use:

  • Commercial
  • Household
  • Industrial

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By Region:

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

Feminine Hygiene Products Market Size, Share, Growth Trends, and Forecast Analysis to 2031

Government initiatives undertaken to spread awareness about women health and menstrual hygiene, besides brand consolidation strategies by leading producers and the adoption of modern lifestyles by women will push feminine hygiene products sales in the coming years.

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According to the recent Future Market Insights (FMI) report, the global feminine hygiene products market value is estimated to surpass US$ 27.6 Bn in 2021, with a CAGR of 7.0% during the forecast period (2021-2031).

Around 49% of the global population is female and nearly 65% of them are aged between 15 and 65 years, thereby indicating a significant opportunity for manufacturers of feminine hygiene products.

Government organizations are focusing on women’s health and hygiene with the help of launch of various awareness programs and funding activities. These programs include detailed education about menstruation, puberty, and the advantages and health benefits of using hygiene products.

They are also providing sanitation kits to girls studying in government schools and colleges in rural areas, particularly in developing economies around the globe. For instance, in 2017, the Department of Education in KwaZulu-Natal (KZN) of South Africa set aside Rs 50 million to fund the distribution of sanitary towels and napkins to various schools in the region.

Additionally, rising female populations in countries such as India, Ghana, and Nigeria will create lucrative opportunities. Concerns regarding disposal, have resulted in the introduction of reusable menstrual cups. These cups are made from medical grade silicon or latex and cost between US$ 20 and US$ 50 per pack and can last for nearly five years. Such innovations will give tailwinds to growth registered in the market.

The impact of the ongoing COVID-19 pandemic on production of feminine products has been negligible despite short term disruptions of transportation and logistics.

Key Takeaways from Feminine Hygiene Products Market Study
  • Sanitary napkins are the largest and fastest growing segment accounting for nearly half of the market by 2031, with a CAGR of over 8%.
  • Supermarket are projected to account for over 22% of the global market by 2031. This is attributed to robust supply channels for consumer health products.
  • East Asia is the largest revenue-generating region for feminine hygiene products, with the China accounting for nearly 81% of the regional market in 2021.
  • Germany holds the lead in Europe, and is expected to accounting for over 18% of the market in 2031.
  • South Asia is the second most lucrative market after East Asia with India accounting for over 75% of the value share in 2031.

“The acceptance of new feminine products among the female population and government support to start-ups will create growth opportunities for manufacturers through the assessment period. Investments in online sales channels will remain key focus for companies in the coming decade,” says the FMI analyst.

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Who is Winning?

Some of the leading manufacturers of the feminine hygiene products market are focusing on mergers and acquisitions for global expansion. Thus, enhancing their market presence. For example,

  • In Jan 2020, the Procter and Gamble focused on digital marketing with advertising associations in countries around the world – like the World Federation of Advertisers, the Association of National Advertisers in the U.S., and the Incorporated Society of British Advertisers in Europe.
  • In October 2020, Kimberly-Clark completed the acquisition of Softex Indonesia. This acquisition accelerated the company’s growth in key personal care categories across Southeast Asia.

The key market players covered by FMI include Procter and Gamble, Johnson and Johnson, the Kimberly-Clark Corporation, Svenska Cellulosa Aktiebolaget SCA, Sanofi S.A, Lil-lets UK Limited, Ontex, Unicharm Corporation, Diva International Inc., and Edgewell Personal Care.

Rx to OTC Switch Market Future Trends, Industry Size and Forecast to 2031

Rx-to-OTC switches refer to the transition from proven prescription drugs to nonprescription, OTC status. According to a report by Future Market Insights (FMI), the global Rx-to-OTC switches market was valued at US$ 33 Bn in 2020 and is predicted to expand at a CAGR of over 5% during the forecast period (2021–2031).

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Scientifically, it is a rigorous and highly regulated process that allows consumers to purchase OTC access to a growing range of medicines. For a medicine to be granted under OTC status, it must comply with the regulatory standards associated with its efficacy, have a wide safety margin, and bolster labelling to ensure proper usage of the product.

The increasing prevalence of diseases with common self-treatable symptoms, such as cold and flu, headaches, allergies, and others has fuelled the demand for OTC drugs. Thus, growing sales of nonprescription drugs have pushed pharmaceutical companies to focus on Rx to OTC switches to meet customer needs thereby gaining high revenue in the market.

It was observed in 2020, Rx-to-OTC activity was driven by growing regulatory approvals and increased OTC sales. The COVID-19 outbreak has restricted patients to visit hospitals and clinics suffering from common illnesses. Consequently, delays in prescribed medication have shifted the customer preference towards the OTC drug consumption. As a result, the COVID 19 outbreak bolstered the demand for OTC products, which in turn has supported the adoption of Rx-to-OTC switches.

The Food and Drug Administration (FDA) introduced the non-prescription safe use regulatory expansion (NSURE) panel in 2013 that has supported a new wave of Rx-to-OTC switches, with a focus on creating conditions for switches in new therapeutic classes.

The introduction of the panel aimed to promote switches which had gained consumer attention, which in turn has aided the demand for the OTC drugs in the market.

Key Takeaways from Rx-to-OTC Switches Market Study
  • Allergy and respiratory drugs are anticipated to gain a revenue share of more than 25% with a CAGR of 5.7% owing to the rising prevalence of lifestyle-based ailments.
  • Retail pharmacies are anticipated to grow at a CAGR of 5.1% over the forecast period owing to the rise of e-commerce and the procurement of cost-effective medicines.
  • The  U.K. holds the lead in Europe, holding a share of over 33% owing to the implementation of favorable government policies.
  • The U.S. will account for over 77% of the North America market by 2031, supported by a matured healthcare and pharmaceutical sector and favorable reimbursement policies.
  • China is the largest and fastest growing market in East Asia estimated to account for close to 49% of the global market, owing to the country’s large-scale pharmaceutical requirements.

 “Increasing global prevalence of allergies and common illnesses such as flu, coupled with rising awareness for self-medication practices, are driving the growth of the global Rx-to-OTC switches market,” says the FMI analyst.

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Who is Winning?

Rx to OTC switches have led the pharmaceutical companies to shift focus from patients to consumers in terms of end users. In addition to strategic collaborations, acquisitions, expansion, product launches, agreements and research sponsorships are the key strategies adopted by manufacturers to expand their research and development (R&D) capabilities increasing sales in wider geographical base to strengthen product portfolios in the Rx-to-OTC switches market.

For instance, in January 2021, Boehringer Ingelheim entered into a collaborative agreement with Google Quantum AI (Google), focusing on researching and implementing cutting-edge use cases for quantum computing in pharmaceutical research and development (R&D).

Pillow Cases Market: Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2030

Pillow cases are used to protect pillows from stains and dust mites. Normally, a part of the bed sheet set, pillowcases are designed as decorative and functional covering.

Growing awareness among consumers has changed the buying patterns for pillow cases. This is influencing manufacturers to introduce personalized products based on consumers’ needs.

For instance, manufacturers are formulating soft and breathable pillow cases which offer a peaceful sleep.Growing fabric technology and usage of more organic fabrics, and brighter colors in the production of pillow cases are enhancing market growth.

Pillow cases also go along with the consumer’s changing home decor trends and thus have increased their buying frequency. Such trends are boosting the pillow cases market which is projected to expand at a robust growth in the approaching years.

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Pillow Cases Market – Key Trends

Market players are launching pillow cases with innovative fabrics addressing issues such as improper sleep, harshness against the skin, and badly pilled. For instance, LL Bean’s Pima Cotton Perscale Pillowcases are soft, durable, and comfortable.

Woven from 100% Pima cotton, it can be machine washed with no wrinkling and shrinkage. Additionally, growing product visibility across multi –retail outlets is underpinning the market growth.

Players are focusing on the functional benefits of pillow cases prepared from plant-based materials for instance bamboo, and organic cotton, to provide breathability and better moisture absorption as compared to conventional cotton. For instance, Organic Comfort offers pillowcases manufactured from no synthetic content.

The company offers several benefits such as smooth, soft, silky sateen weave texture, not paper-thin, and are perfect for all seasons.

Silk pillow cases are gaining popularity among consumers due to their hypoallergenic features and it doesn’t draw moisture from the skin. Believed to have slowdown skin aging which is providing another leg for market growth.

Pillow Cases Market – Region-wise Analysis

North America will be accounting for the highest market share owing to established retail networks and growing consumer preference for superior quality and luxurious bedding products to accolade the interiors.

As per the consumer trends in the U.S., about 80% of consumers favor cotton & cotton blend materials, trailed by 3% selecting satin fabric.

Growing consumer awareness concerning good night’s sleep and proper bedding materials is also anticipated to boost sales of pillow cases in the region.

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Pillow Cases Market – Competitive Analysis

Major Companies operating in the worldwide market include LL bean, Fishers Finery, Pinzon, Parachute Percale, and Amazon Basics. Players in the pillow cases market are enhancing their business footprint by introducing innovative products. For instance,

Global Pillow Cases Market: Key Players

  • MyPillow
  • Wendre
  • Pacific Brands
  • Pacific Coast
  • Romatex
  • Tempur Sealy
  • Fuanna
  • Luolai
  • Mendale
  • Dohia
  • Elegant Comfort
  • Shuixing
  • Yueda Home Textile
  • Mellanni Fine Linens

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Pillow Cases Market – Market Segmentation

By Product Type

  • Cotton Type
  • Rayon Type
  • Silk Type
  • Others

By Application

  • Residential
  • Hotel
  • Hospital
  • Nursing Home
  • School
  • Other

Teen Room Décor Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2030

Over the years, the importance of home décor has surged, attributed to the want for making one’s house aesthetically appealing. For nearly a decade, home décor has acquired a central position in consumer expenditure.

Tapping into this trend, market players are scrambling to penetrate lucrative markets and acquire a competitive edge. Among these home décor products, teens’ room décor is acquiring immense traction, attributed to the expansion of the world’s millennial population base.

As per UNICEF, there are 1.2 billion adolescents, comprising 16% of the global population, with a majority of them residing in the developing world. Vendors are therefore increasing their foray in these regions.

Teen room decoration is a challenging task. As they undergo both physical and mental changes, their preferences are largely equivocal. Their preferences regarding room decorations keep metamorphosing on a regular basis.

Therefore, having an assortment of room décor accessories greatly help, which has increased expenditure on teen room accessories.

Due to these aforementioned trends, the global teen room décor market is slated to enjoy an upward trend throughout the upcoming decade’s forecast. With the presence of a large number of retailers, consumers have a wide array of choices, leading to promising revenue ecosystems across several geographical locations.

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Furniture Segment to Generate Major Green Spaces, Textiles and Wallpapers Trailing Behind

The furniture segment will remain the pioneer in terms of teen room décor product types, capturing over half of the global market revenue share. Tables & chairs form the bulk of teen room décor furniture. Teenagers are generally thrust with immense workload in the form of assignments and homework from their schools and colleges.

This requires them to put in immense hard work for which they require proper seating arrangements. Additionally, other accessories such as mirrors, textiles and wallpapers are also gaining credible ground. Teens want to be able to decide what bed or table covering they would like, prompting manufacturers to design customized products.

The demand for customized wardrobes have risen substantially. As teenagers are highly fashion-conscious, they are willing to experiment with different styles of clothing. As a result, their expenditure on apparel has surged. These clothes require a storage space in the form of cupboards and wardrobes.

Global Teen Room Décor Market: Regional Insights

North America is anticipated to remain the dominant teen room décor furniture market. A substantial teenage population base combined with the presence of prominent home décor furniture providers and deep penetration of online sales is heightening growth prospects across the region.

Demand is primarily being driven by the U.S.Asia-Pacific shall emerge as the fastest growing region, attributed to the maximum concentration of teenage population in countries such as India and China.

The influx of western culture is also driving heightened usage of contemporary teen room décor accessories. Moreover, governments are offering favorable reimbursements to manufacturers, thereby increasing their prominence.

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Teen Room Décor Market- Competitive Landscape

The global teen room décor market is characterized by the presence of multiple online and offline market players. These vendors are largely focusing on product innovations and collaborations with other players as well as online retail platforms to deepen their penetration across various regional markets.

The players in this landscape are: IKEA, Target Corporation, Walmart, West Elm, H&M, Urban Outfitters, Lulu & Georgia, ban.do, Tictail, Modcloth, Living Spaces, Birch Lane, Argos, Aelfie and Etsy to name a few. Due to the presence of such a wide array of players, there is intense competition across all regions.

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Teen Room Décor Market- Segmental Analysis

By Product Type

  • Flooring
  • Furniture
  • Beds
  • Tables & Chairs
  • Cabinets
  • Wardrobes
  • Mirrors

By Consumer Orientation

  • Boys
  • Girls

By Price Range

  • Premium
  • Mass

By Distribution Channel

  • Offline Channels
  • Online Channels