Market Research Blog – Page 15652 – New Product Development

Enteral Feeding Devices Market SWOT Analysis, Business Growth Opportunities by Top Companies, Future Challenges, Competitive Strategies and Forecast to 2028

The global enteral feeding devices market comprises of market players offering a broad product portfolio across several healthcare verticals. Both regional as well as global players have a substantial share of Enteral Feeding Devices Market footprints across lucrative countries. As it is in the growth stage, vendors are concentrating on introducing new products to attain maturity.

All the aforementioned conditions have a deleterious impact on the patient’s digestive system, causing dyspepsia, throat and mouth pain, diarrhea and IBS. These co-morbidities render it impossible for patients to consume solid food. Hence, healthcare providers are accelerating the adoption of enteral feeding devices and provide adequate nutrients to patients.

Global Enteral Feeding Devices Market– Key Findings

Enteral feeding devices market to expand at 6.6% CAGR from 2020-2030
Oncology remains principal application area, neurological disorders to generate green spaces
Nasoenteric feeding tubes to share the revenue pie with feeding pumps, attributed to effectiveness of nutrient delivery
Homecare settings garnering major traction due to launch of easy-to-use and consumer friendly devices
East & South Asia will emerge as potential revenue hotspots during the forecast period

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COVID-19’s Impact Analysis

The COVID-19 pandemic has prompted the healthcare industry to run into an overdrive mode, ceaselessly working to find a potential cure for this deadly virus. As the world economy heads toward a recession, the enteral feeding devices market shall remain afloat.

As infected patients experience digestive problems, the demand for alternative food administration sources has risen. This has upticked the deployment of enteral feeding device on an increased frequency. Additionally, vendors are concentrating on strengthening regional distribution networks to ensure uninterrupted supply of equipment to various healthcare settings and organizations.

Demand across the United States, Brazil and India will especially remain strong, given the fact that these are the worst affected countries, providing immense scope for revenue generation to prominent manufacturers.

“The global enteral feeding devices is in its growth stage, prompting vendors to flood the market with innovative and technologically advanced products, bringing the markets one step closer towards maturity,” infers the FMI analyst.

Competitive Landscape

Prominent players in the enteral feeding devices market include ICU Medical, Boston Scientific Corporation, Fresenius Kabi, Abbott Laboratories, Cook Medical, Cardinal Health, Inc., Becton Dickinson & Company and Dynarex Corporation among others. Besides this, a number of regional players also dominate the landscape.

In 2014, Cook Medical launched the Entuit Thrive Balloon Retention Gastronomy Feeding Tube for gastronomy and gastropexy procedures. This launch was a part and parcel of the company’s efforts to expand its enteral feeding devices product pipeline.

Boston Scientific Corporation markets a broad range of enteral devices such as the EndoVive Enteral Feeding Tube Kits. To expand its gastroenterology product portfolio, the company announced a limited market release of its Exalt Model-D single-use duodenoscope in January 2020.

In 2016, Cardinal Health launched its Kangaroo Joey Enteral Feed and Flush Pump to expand its adult nasogastric feeding tubes portfolio.

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ICU Medical markets the Lopez Valve and EnFit Lopez Valve Closed Enteral Tubes which provide protection from accidental exposure to infectious body fluids to healthcare workers.

More Insights on the Enteral Feeding Devices Market

A recent market study published by FMI on the Enteral Feeding Devices market includes the global industry analysis of 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. The report involved detailed segmentation on the basis of product type, application, age-group, end-user and region. Our analysts have conducted thorough research on the historical as well as current growth parameters of the market to obtain growth prospects with maximum precision.

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Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

Key Success Factors

4.1. Reimbursement Scenario

4.2. Key Regulations

4.3. Value Chain Analysis

Market Background

5.1. Macro-Economic Factors

5.2. Forecast Factors – Relevance & Impact

5.3. Market Dynamics

5.3.1. Drivers

5.3.2. Restraints

5.3.3. Opportunity Analysis

5.4. Value Chain Analysis

5.5. COVID19 Crisis Analysis

5.5.1. Current COVID19 Statistics and Probable Future Impact

5.5.2. Current GDP Projection and Probable Impact

5.5.3. Current Economic Projection as compared to 2008 Economic analysis

5.5.4. COVID19 and Impact Analysis

5.5.5. 2020 Market Scenario

5.5.6. Recovery Scenario – Short term, Midterm and Long Term Impact

Global Enteral Feeding Devices Market Demand (in Value or Size in US$ Mn) Analysis 2015-2019 and Forecast, 2020–2030

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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Business Email Market Competitor Analysis, Winning Strategies and Growth Drivers 2026

Electronic mail solution or preferably called email solution, specializes in the day-to-day management of your email services which allows users to remain focused on more critical operations of business. Email solution providers make it simple for organizations and enterprises to communicate across as well as get tasks implemented by offering a reliable, business suited email software to meet such needs. The business email solution offers multiple layers of premium virus and spam protection and keep hosted email advertisement free. Business organizations across the globe are now steadily adopting the strategy of migrating their email to cloud to reduce costs.

The enumeration of organizations migrating to cloud-based email and collaboration services has continued to build over the past few years, where previously small and medium business (SMB) were the key end-users of business email solutions, now larger organizations are aggressively moving to the cloud. The current number of email users worldwide in 2015 is recognized to be about 2.6 billion, and this figure is expected to grow at a healthy CAGR till 2026. While total worldwide email traffic estimated to about 200 billion email per day in 2015, the corporate emails represent the major share of this total value.

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Business Email Market: Segmentation

Business email market is segmented on the basis of deployment model, end-user and region. According to deployment model, business email market can be segmented into on-premise and cloud-based deployment. On the basis of end-user, business email market can be segmented into small business, medium business and large enterprises. Regionally, business email market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

Business Email Market: Regional Outlook

Business email market is witnessing stable growth and is expected to grow steadily during the projected period. North America is the dominating region in business email market and is expected to remain dominant followed by Western Europe during the forecast period. Asia-Pacific is expected to exhibit highest CAGR due to rapid progress in enterprise sector across evolving economies of countries like India, China and Philippines.

Business Email Market: Drivers

Business email market is being primarily driven by organizations’ need for a formal communication platform. Growing influx of SOHO (Small Office/Home Office) and SMB’s (Small and Medium Businesses) across the globe is driving the growth of business email market. Furthermore, increasing popularity of cloud-based business email solutions is expected to fuel the growth of business email market during the projected period. However, security concerns regarding cloud-based email solutions coupled with need for dedicated internet connection are expected to restrain the growth of business email market amidst the forecast period 2016-2026.

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Business Email Market: Key Players

The key vendors in the Business email market include Google Inc., Microsoft Corporation, Yahoo Inc., Rediff.com India Ltd., Rackspace Hostings Inc., GoDaddy Inc., IBM Corporation, Intermedia.net Inc., Fastmail, Zoho Corporation and others. Major players in the business email market boost their market share by mergers & acquisitions with other players in the market. Furthermore, long-term collaboration with cloud-based storage providers is another strategy followed by major business email providers to gain competitive edge.

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Business Email Market

Report Highlights:

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

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Elevator and Escalator Market is anticipated to witness growth of ~6.6% CAGR during the forecast period from the year 2020 – 2030

Companies operating in the elevator and escalator market are focusing on cutting-edge technologies to make their products safer and eco-friendly, finds Future Market Insights (FMI) in a recent study.

Some of the leading companies are incorporating IoT technologies in connected elevators and escalators. This has allowed them to control various parameters such as load capacity, frequency of usage, and others. Such technological improvements are expected to bode well for the overall market.

According to FMI, the elevator and escalator market is anticipated to witness growth of ~6.6% CAGR during the forecast period from the year 2020 to 2030.

Infrastructural development witnessed across the world, besides increase in population is encouraging growth in the construction industry. This has been creating growth opportunities for the elevator and escalator market. Despite requiring expert handling and maintenance expenditure, the demand for elevators and escalators are projected to increase further in the coming years.

The recent COVID-19 outbreak has resulted in declining market growth. However, several factors are expected to drive the elevator and escalator market during the forecast period.

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FMI offers an exhaustive overview of the elevator and escalator market along with its potential, growth drivers and restraints.

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

Product-wise, elevator is expected to lead the market followed by escalator during the forecast period
Load type-wise, passenger segment will exhibit hegemony in the coming years
New system installation type is set to gain traction in the global market
Commercial end use segment is projected to exhibit highest growth followed by the residential segment throughout the forecast period
New-age IoT technology will cater to the steady market growth in the near future
East Asia elevator and escalator market will maintain the lead while emerging as the highest growing market among all other regions

“As the building and construction industry is expanding rapidly, the demand for elevators and escalators is rising higher. To capitalize on prevailing opportunities, market players are launching novel cutting-edge technologies that offer more sophisticated functionalities in elevator and escalator. This is anticipated to create lucrative growth opportunities for the market in the coming years,” says an FMI analyst.

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COVID-19 Impact Analysis

The elevator and escalator market growth has been declining due to the novel coronavirus outbreak. As consumers have shifted their focus more on emergency services such as medical, diagnostic, pharmaceutical and others instead of building and construction sectors, the market growth rate has fallen temporarily.

Added to this, the factors such as non-operational manufacturing units, unavailability of labours, scarcity of raw materials, disruptive supply chain and logistics sector, financial crisis, job recession, and others have slowed down the progress of market.

According to FMI, the elevator and escalator market is set to recover by the first quarter of the year 2021.

Who is Winning

As the elevator and escalator market potential is rising steadily, the key market players are focusing on launching advanced designs to gain competitive edge. For instance, DOPPLER S.A. has launched their DOPPLER Lift Hygiene Solutions equipped with air sterilizer using UV photo catalyst sterilization and UV antibacterial light disinfection system in 2020.

Kone Corporation has launched Kone Health & Wellbeing Solutions for Elevators and Escalators which include escalator handrail sanitizer, elevator remote call using whatsapp, elevator air purifier, and others in June 2020.

Some of the leading companies operating in the market are DOPPLER S.A, Kone Corporation, Orona Group, EMAK Elevator, Sanyo Elevator (Zhuhai) Co., Ltd, and others.

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More Valuable Insights on Elevator and Escalator Market

In the latest report by Future Market Insights, we offer a detailed unbiased analysis of the global elevator and escalator market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2020-2030. In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of product type (elevator (hydraulic, traction, machine room less, vacuum), escalator (step type, belt type, cleat type, spiral)), load type (passenger, freight, observation, others), installation (new system installation, retrofit), end use (residential (low rise building, mid rise building, high rise building), commercial (hotels, airports, subway stations, commercial complexes, offices & institutions, industrial), hospital, infrastructure & construction, transportation & logistics), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

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Bulk Material Handling System Market SWOT Analysis, Business Growth Opportunities by Top Companies, Future Challenges, Competitive Strategies and Forecast to 2031

As per Future Market Insights (FMI) analysis, the bulk material handling system market revenue is expected to reach US$5.1 Bn in 2021. Incorporation of remote user connectivity and interface in equipment and use of telematics based services by original equipment manufacturers (OEMs) will drive the market, yielding a year-on-year growth of 2.10% in 2021.

The global sales of bulk material handling system are forecast to grow from 13,000 units in 2021 to over 14,000 units by the end of 2031. FMI projects moderate growth for bulk material handling system market at an overall compound annual growth rate (CAGR) of 2% between 2021 and 2031.

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Bulk Material Handling System Market Historic Outlook In Comparison to 2021 – 2031 Forecasts

The demand for proper housing and infrastructural development is rising consistently, which will create prospects for expansion of the bulk material handling system market. According to FMI, the market exhibited a CAGR of 1.10% between 2016 and 2020.

Increasing mining activities will increase the demand for handling and transport of mined materials and equipment’s. As mining sector is growing in emerging economies, market players are focusing on penetrating these new markets with product launches and supply in such regions.

In October 2020, electric rope shovel from Komatsu Mining named “P&H 2300XPC” was delivered to a major Russian gold mine in Tenkinsky District of the Far East Magadan region. The excavator is used for stripping operations.

Market players are working towards integrating modern techniques like machine learning and automation with the material handling systems to gain the upper hand in this highly competitive market.

In 2021, Thyssenkrupp Industrial Solutions launched new autonomous bucket wheel stacker reclaimer and hybrid train load out station for handling bulk materials in shipping yards. They use artificial intelligence and automation to enhance bulk materials handling performance.

Increasing mining and construction activities due to rapid urbanization and surge in infrastructural projects is a prime factor driving the growth of the market. As per FMI, the market will rise at 2% CAGR between 2021 and 2031.

Key Factors Shaping Bulk Material Handling Systems MarketIncreasing Infrastructural Projects to Create Lucrative Opportunities

With the rise in infrastructural projects and economic development worldwide, material handling equipment is gaining more acceptance. Rapid infrastructural development activities are creating a demand for construction and mining equipment with increased efficiency and productivity.

This fueling sales of heavy-duty off road vehicles for moving debris and other construction aggregate materials, as well as transport raw ore from one place to another efficiently. Construction sector is one of the major giant playing an important role in any countries economic development, and every country spends significantly for the same. Consequently, numerous players are aiming to enter this sector.

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Recovering Mining Industry to Support Market Growth

Mining, construction, and oil & gas industries have witnessed a significant decline during the first half of the decade. Geo-political factors, trade wars, unstable governments have affected these industries in various countries. The mining industry forms the crux of the economy in countries like Chile, Venezuela, and Peru.

Moreover, the mining industry accounts for 33% of the total energy consumption market globally. Recent trends have witnessed a resurgence of the mining industry in major countries. Moreover, a 53% rise in mining activities is anticipated in the next decade, which will led to an increase in demand for bulk material handling systems.

Bulk Material Handling Systems Market: Structure Analysis

The global bulk material handling systems market is estimated to be fragmented, owing to the number of players in the industry and also due to the prevalence of rental services at the global level.

In the global bulk material handling systems market, major shareholders are offering an extensive range of products, and have footprint in almost all the regions. On the other hand, rest of the competitors are engaged in offering a few bulk material handling system solutions with a limited presence.

Manufacturers operating in the bulk material handling systems market are focusing on business expansion through acquisitions to strengthen their market position.

In July 2017, FLSmidth entered into an agreement to acquire mining Systems operations of Sandvik AB, with an aim to expand its product offering and bulk material handling systems market reach.

In 2017, Hitachi Construction Machinery Co., Ltd. acquired Bradken limited, a major manufacturer and supplier of bulk material handling systems products for mining, transport, general industrial and contract manufacturing markets.

Major manufacturers in the bulk material handling systems market are Thyssenkrupp, Techint Group, FL Smidth, Hitachi Construction Machinery Co., Liebherr Group, IHI Transport Machinery Co., Ltd., Kawasaki Heavy Industries, Ltd., Komatsu, Sumitomo Heavy Industries Material Handling Systems Co., Ltd., L&H Industrial, Schenck Process Holding GmbH, Metso Corporation, Satake Corporation, Beumer Group, and Motridal S.p.A.

This list is indicative – full details about prominent bulk material handling system manufacturers is available upon request

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Key Segments Covered in Bulk material handling system Market Study:

Application

Mining
Packaging
Construction
Manufacturing
Sea Ports & Cargo Terminals

Equipment

Stacker
Stacker cum Reclaimer
Band Conveyor
Bucket Wheel Excavator
Stripping Shovel
Rope Shovel
Bucket Elevator
Ship Loader and Unloader

Region

North America
Europe
Latin America
APAC (Asia Pacific)
MEA (Middle East & Africa)

Plant-Based Burger Market exhibiting a CAGR of over 22% between 2022 and 2030

The report covers various factors affecting the Plant-Based
Burger market. FMI provides in-depth insights into the market. It presents
the study in a coherent chapter-wise format, interspersed with data and
relevant infographics. The report adopts an analytical approach to help our
clients get better understanding about the market. Our expert market research
analysts in the food & beverage industry domain carries out an extensive
primary and secondary research with the help of digital intelligence for
optimized decision making.

FMI, in its latest Plant-Based Burger market report, offers
the bird’s eye view on the historical and upcoming growth in terms of
production, consumption, volume, and value. The report is classified on the
basis of key segments, sub-segments, according to the major regions and offers
an in-depth analysis on competitive landscape.

The report offers a comprehensive, discussing in details
upcoming trends, opportunities and challenges that will aid the expansion of
the Plant-Based Burger market.

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Report:

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COVID-19
Impact Analysis on Plant-Based Burger Market

The recent outbreak of the COVID-19 has significantly
impacted the food and beverage industry. Since the pandemic and various
lockdown restrictions, hotel industries had to take shelter within e-commerce
industry to provide online delivery services and food to consumers.

Manufacturers have
adapted the new normal of ‘take-away’ food and groceries to maintain their
financial revenue in the crucial times. With the relaxation in lockdown, the
food and beverages industry is expected to witness a moderate growth through
2021 and beyond.

FMI provides a detailed chapter on the impact of Covid-19 on
the global Plant-Based Burger market. This allows the established and emerging
economies to understand the economic market scenario during the pandemic and benefits
them in making profound business decisions through the cost-effective solutions.

Important
Questions Answered in the Plant-Based Burger Market Report

Which end user is expected to create lucrative growth
opportunities for the global Plant-Based Burger market?
How is the Plant-Based Burger market likely to evolve
in the upcoming years?
What are the upcoming trends and opportunities likely
to prevail the Plant-Based Burger market in the future?
What innovative strategies are adopted by Plant-Based
Burger market players to stay ahead of the pack?
Which region is expected to be the most lucrative
region for the Plant-Based Burger market?
What are the restraints affecting the growth of the
global Plant-Based Burger market?

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Plant-Based
Burger Market: Segmentation

Detailed analysis covered in the FMI’s Plant-Based Burger
market report has been classified into key segments and sub-segments.

Product Type

Plant based Chicken
Plant based Beef
Plant based Pork
Plant based Fish/Fishless Fish

Source

Soy-based Protein
Wheat-based Protein
Pea-based Protein
Canola-based Protein
Fava Bean-based Protein
Potato-based Protein
Rice-based Protein
Lentil-based Protein
Flax-based Protein
Chia-based Protein
Corn-based Protein

Distribution Channel

Hypermarkets/Supermarkets
Convenience Stores
Specialty Food Stores

Region

North America
Latin America
Europe
East Asia
South Asia
MEA
Oceania

Plant-Based
Burger Market: Competitive Analysis

The latest study by FMI presents a detailed view on the
market players operating in the Plant-Based Burger market. With an in-depth
analysis on positioning of prominent players as well the players emerging in
the industry, the FMI offers a detailed SWOT analysis for the market players
over the forecast period.

Key players profiled by FMI in Plant-Based Burger market includes:

MorningStar Farms,
Sotexpro SA ,
Crown Soya Protein Group ,
Puris Proteins, LLC
Ingredion Inc,
Beneo GmbH ,
Glanbia plc ,
Fuji Oil Co., Ltd.,

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Significant
Contributions to the Report

Growth Drivers and Opportunities: Comprehensive
analysis on growth-driving factors and opportunities for market players in
different regional markets
Recent Trends and Forecasts: Detailed assessment on
the latest trends, technological developments, and forecasts for a 5-year or
10-year period.
Segmental Analysis: Extensive research on each segment
and factors differentiating the role of these segments in market revenue
forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each
regional market to arm stakeholders with necessary information to take critical
decisions.

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Pharmaceutical Unit Dose Packaging Market will surpass US$ 26.10 Bn by 2021

The pharmaceutical unit dose packaging market is expected to experience a change in its operations, as manufacturers are focusing towards increasing productivity through integration of automation systems, as per a study by Future Market Insights (FMI). According to the report, the market will surpass US$ 26.10 Bn by 2021, registering a double-digit year-on-year (Y-o-Y) growth between 2020 and 2021.

The dynamic shift from manual to automatic packing lines is in turn expected to increase process efficiency and reduce dependence on the workforce, making it a cost-effective proposition in the long run. Rising demand for prefilled syringes for vaccination programs is expected to be a key trend, which would positively affect the pharmaceutical unit dose packaging market.

Automated packaging lines are also multitasking, which covers numerous steps of the packaging process such as forming, filling, sealing and labeling into single step. The designers of packaging line automation systems are prioritizing the design of human-machine interfaces (HMIs) to streamline processes. These enhanced HMI can sort it simpler for operators and managers to access information related to specific packaging production line.

The above trend is expected to be backed by increasing availability of biotechnology products with specific requirements for packaging such as prefilled syringes and single-use vials. Vials and prefilled syringes are two of the most common forms of pharmaceutical unit dose packaging, typically preferred in clinical research and diagnostic centers.

Vials and blisters have been identified as the most prominently used products in the pharmaceutical unit dose packaging market. Manufactures are vigorously ramping up for their facilities of vials production in anticipation of the demand for COVID-19 vaccine supply from all over the world. Thus, the segment is projected to expand 5.7x its current value during the forecast period.

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Key Takeaways from Pharmaceutical Unit Dose Packaging Market

Pharmaceutical unit dose packaging sales will surge at 14.7% CAGR between 2021 and 2031
The presence of several leading players has enabled the U.S. account for over 87% of sales in North America in 2021
Rising research and development initiatives enabling the U.K. exhibit over 15% y-o-y growth in 2021
Surging healthcare spending has been fuelling the demand in Germany and France
Increasing demand for vaccination amid COVID-19 fuelling sales in China, Japan, and South Korea

“Some of the leading players are aiming at intensifying their production facilities to cater to the rising demand for vials and prefilled syringes to aid COVID-19 vaccination drives,” says FMI analyst.

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Pharmaceutical Unit Dose Packaging Market Players Focusing on Geographic Expansion

As per FMI analysis, some of the leading manufacturing companies within pharmaceutical industry have been aiming at expanding their footprint, especially in remote areas with unmet medical needs. The demand for smaller packaging solutions such as blisters is considerably high in these regions. Furthermore, pharmaceutical unit dose supplying strategy includes getting some medicines in bulk quantities and repackaging them into single or unit dose, using high volume repackaging systems and some manual repackaging machines.

Cost saving is a key benefit of locally repackaging of medicines into unit dose, using high volume automated repackaging systems. Unit Dose Solutions, Inc., Safecor Health, Almac Group are some of the players who are active in repackaging services.

Impact of COVID-19 on Pharmaceutical Unit Dose Packaging Market

Global pharmaceutical unit dose packaging market is anticipated to exhibit impressive growth amid the emerging second wave of the COVID-19 pandemic. This is mainly due to the robust demand of drugs, medicines and vaccines from diagnostic centres, hospitals, and other healthcare units, who constitute the leading consumers of pharmaceutical unit dose packaging.

Blisters and vials will continue to attract massive investments from investors in orals and injectable pharmaceutical unit dose packaging end uses. According to FMI analysis, global adoption of pharmaceutical unit dose packaging will surge nearly 3.0x over 2021-2031.

QR codes and RFID tags have already been in use by pharmaceutical unit dose packaging manufacturers to ensure safer transportation of vaccines. The market is witnessing sharp growth in the usage of automation and robotics. For instance, a novel technology is adopted by Pfizer, Inc. for packing the vaccine doses due to be delivered in the USA. It is called “Ecoplat Plus” by ROBOPAC USA. It uses stretch film, a wrapping turntable incorporating state-of-the-art technology that guarantees advanced efficiency due to its durability, power and ease of use, including optimum safety of the products.

Pharmaceutical Unit Dose Packaging Market Landscape

UDG Healthcare plc, West Pharmaceutical Services, Inc., Schott AG, SGD SA, Stevanato Group S.p.a., Klockner Pentaplast Group, Amcor plc, Gerresheimer AG, Berry Global, Inc., Comar LLC, Constantia Flexibles Group GmbH, Nipro Corporation, Catalent, Inc., Becton, Dickinson and Company, Adelphi Healthcare Packaging, Winpak Ltd., Pacific Vial Manufacturing Inc., Sonoco Products Company, WestRock Company, and AptarGroup, Inc. are the prominent players in the pharmaceutical unit dose packaging market. The Tier 3 players in the market hold 75-85% in the global pharmaceutical unit dose packaging market. In conclusion, key players contribute almost 15-25% of the global demand.

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Pharmaceutical Unit Dose Packaging Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global pharmaceutical unit dose packaging market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the pharmaceutical unit dose packaging market on the basis of product (blisters, ampoules, vials and prefilled syringes cartridges), material (plastic ((polyethylene (PE) (high density polyethylene (HDPE) and low density polyethylene (LDPE)), polypropylene, poly vinyl chloride (PVC), and polyethylene terephthalate (PET))), aluminum, glass and paper & paperboard) and end-use (ophthalmic, injectable, biologics, wound care, respiratory therapy and orals) across seven regions.

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Carob Market Key Players, Industry Overview, Applications and Analysis 2027

Carob (Ceratonia siliqua) is a native plant to the eastern Mediterranean especially to the Middle East countries. Carob is also called as locust bean and is primarily cultivated for its edible pods in majorly Mediterranean region which includes Southern Europe, Northern Africa and the Canary Islands. Carob powder is also used as a substitute for cocoa powder in various bakery products. Carob based bars is consumed as an alternative to chocolate based bars worldwide. Carob do not contain caffeine and theobromine (which is intolerant to some animals) and therefore is widely used in chocolate flavored pet food for dogs and other animals. Carob pod meal is widely used as a rich source of energy for livestock, particularly for ruminants. Carob in food industry is used as a thickening agent, gelling agent, stabilizing agent or as a substitute for low-calorie food products. Carob is fat-free, rich in pectin and contains high amount of proteins. Carob is primarily used in the production of confectionery and bakery products and variety of beverages. Carob is also used for making flour, molasses and is a substitute for coffee.

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Global Carob: Market Segmentation

The global carob market is segmented on the basis of form, distribution channel, application and region. The carob market is segmented on the basis of form such as solid and liquid. The carob market is segmented on the basis of distribution channel which includes fitness stores, health stores, online and others. The carob market is segmented on the basis of application such as bakery products which includes cakes, cookies, pancakes, bread. Carob is also used in snack bars, cocoa based food products and beverages, cereals, dairy products and others. Carob pod meal is widely used for livestock. Carob syrup is used as a natural sweetener and is considered as a rich source of calcium. Hence, the global carob market is expected to significantly increase the revenue contribution over the forecast period.

Global Carob Market: Regional Outlook

Geographically, the global carob industry can be divided by major regions which include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa. Globally, among all regions, Europe has developed as the dominant region in global carob market followed by Asia Pacific. Increasing demand for carob powder in various bakery products and confectionery, has strengthened the growth of global carob market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.

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Global Carob Market: Growth Drivers

The global carob market driving factors are increasing demand for bakery products coupled with the convenience of foods. Increasing opportunities in bakery and confectionery industry is also another factor in driving the carob market along with rise in production of carob. Carob is also used for treating diarrhea, cancer, helps in reducing cholesterol level, and are some of the factors driving the global carob market. Carob powder is widely used as an alternative for cocoa powder due to its health benefits which is a major driving factor for the global carob market. Hence, the global carob market is expected to observe robust growth over the forecast period.

Global Carob Market: Key Players

Some of the key players identified across the value chain of the global carob market include Australian Carobs Pty Ltd., CAROB S.A., EURODUNA AMERICAS INC., CyberColloids Ltd., The Hain Celestial Group, Inc., Savvy Foods Ltd., Carobs Australia Inc., Creta Carob, Lewis Confectionery Pty Ltd and MADANARGAN. The companies are expected to expand their business by enhancing their product portfolio in global carob market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global carob market till 2027.

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The report covers exhaustive analysis on:

Carob Market Segments
Carob Market Dynamics
Historical Actual Market Size, 2015 – 2016 for Global Carob Market
Carob Market Size & Forecast 2017 to 2027
Supply & Demand Value Chain
Carob Market Current Trends/Issues/Challenges
Competition & Companies involved in Global Carob Market
Technology
Value Chain
Global Carob Market Drivers and Restraints

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Potassium Carbonate Market 2022 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2031

As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global potassium carbonate market is projected to reach US$ 1.9 Bn in 2021. Expanding at a 4.4% CAGR, the market valuation is expected to top US$ 2.9 Bn by 2031.

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In 2020, the COVID-19 pandemic negatively impacted demand for potassium carbonate. Nationwide lockdown restrictions and disrupted supply chains further dampened sales prospects of potassium carbonate. However, FMI has projected the market to recover at a steady pace, as sales are anticipated to grow by 4.1% year-over-year between 2020 and 2021.

Increasing demand from various end-use industries such as agrochemicals, food and beverages, glasses, and cleaning products are anticipated to boost sales of potassium carbonate over the forecast period.

In addition to this, rising adoption of potassium carbonate in fire suppression products, personal care products, inks and dyes and water treatment are also bolstering growth of the market. Strong development in the chemical sector in East Asia, North America and Europe are expected to continue pushing sales of potassium carbonate.

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As per FMI’s in-depth regional analysis, the U.S. is expected to lead the North America potassium carbonate market. Growth can be attributed to increasing sales of packaged food products in the country, along with robust presence of key automotive companies in the country.

“Increasing applications of potassium carbonate in the automotive industry, coupled with rapid expansion of the construction centre driven by urbanization is expected to bode well for the global potassium carbonate market through 2031,” says an FMI analyst.

Key Takeaways:

Based on product form, the powder segment is expected to expand at a 4.2% CAGR in 2021.
In terms of application, sales of potassium carbonate in the glass segment are projected to rise at a 3.7% CAGR through 2031.
The U.S. will continue exhibiting high demand for potassium carbonate, with demand rising at a 3.8% CAGR in 2021.
Sales of potassium carbonate in India are expected to grow by 5.0% year-over-year between 2020 and 2021.
China will emerge as a lucrative potassium carbonate market, expanding at a 5.1% CAGR over the forecast period.
Japan and South Korea will account for 17.6% and 13.2% of the total potassium carbonate market share respectively.

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Competitive Landscape

Evonik Industries AG, UNID GLOBAL Corporation, Oxy (Occidental Petroleum Corporation), Gujarat Alkalies and Chemicals Limited, Vynova Group, AGC Chemicals, JSC Pikalevskaya Soda, Esseco Group, Shanghai Wentong Chemicals Co., Ltd. (Wentong Group), Foodchem International Corporation, Shanxi Guangyuan Fertilizer Co., Ltd., Armand products, Zhejiang Dayang, Zhejiang Juhua Co., Ltd., and Hebei Xinjichemical are among the key players operating in the global potassium carbonate market.

Top 5 players comprising Oxy (Occidental Petroleum Corporation), Evonik, Zheijang Juhua Co. Ltd., AGC Chemicals and Armand Products are anticipated to account for approximately 58% of the total potassium carbonate market share over the forecast period.

As a part of their growth strategies, leading players are investing in strategic collaborations, mergers, and acquisitions to expand their production capacity. Players are also focusing on digitalization to improve production and sales by introducing AI, machine learning, automation, and block chain. For instance:

In 2016, Evonik and AkzoNobel commenced a joint venture in Germany and set up a manufacturing unit for the processing of chlorine and potassium hydroxide solution into several products including potassium carbonate.

Dairy Alternatives Market expected to reach US$ 123,634.7 Mn by 2032

The sales of dairy alternatives are estimated to be valued at US$ 31,369.4 Mn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 123,634.7 Mn by 2032, rising at a CAGR of 14.7% for 2022-32.

Dairy alternatives are plant-based foods and beverages that can be used as a healthier alternative to dairy products. Almond milk, soy milk, and rice milk are some of the most popular dairy alternatives around the world. Due to the inclusion of a number of critical vitamins and minerals in dairy products, dairy alternatives are considered to be healthy.

Various new and inventive beverage companies are using dairy alternatives as the foundation component instead of including the milk product as a raw material. The growing desire among customers for a variety of beverage options has resulted in a variety of flavored beverages that are dairy-free. Lactose-intolerant consumers are looking for a variety of milk-based dairy substitute beverages as well, growing the market.

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The demand for dairy alternatives is driven by concerns about hormones, pesticides, and antibiotics in the dairy products. The remnants of the aforementioned chemicals are said to be dangerous to consume, particularly by pregnant women. Hormones included in dairy products are thought to trigger and initiate endometrial, prostate, and breast cancer in humans.

Key Takeaways – Dairy Alternatives Market Study

There is a wide variety of dairy alternatives manufactured from different sources such as soy, oats, almond, coconut, hemp, and flax. Dairy alternatives are offered in flavored and unflavored variants. This diverse range of options is expected to boost expansion of the market.
The consumption of unflavored or regular dairy alternatives is higher than that of the flavored variety. However, in the forecast period, the demand for flavored dairy alternatives is anticipated to increase.
Organic dairy alternatives are gaining traction, especially in developed countries. Organic food consumption is the highest in the U.S., followed by European Union which accounted for retail sales of 45.2 billion and 34.3 billion respectively, in the year 2017.
Shelf storage of dairy products poses as a big challenge for stakeholders due to fear of spoilage. Dairy alternatives manufacturers launched shelf-stable products with a higher shelf life, which made storage of dairy alternatives economical and easier. This is anticipated to boost sales.
Among retail outlets, specialty stores account for the highest share in sales of dairy alternatives.

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Despite a great deal of opposition from dairy manufacturers, dairy alternatives market is expected to double in the forecast years. Nutrition, taste, easy availability of dairy alternatives, and consumer-centric approach are expected to contribute to this significant growth.

dairy alternatives market analysis and forecast

Millennials to Create Opportunity

The main consumers of dairy alternatives are millennials. Millennials show more concern towards animal welfare than any other generation as per consumer survey in 2018 by Comax Flavors, a flavor technology company for food and beverages. Additionally, as per the survey, health benefits are the main reason for which millennials consume dairy alternatives.

To retain and capture interest of millennials in an increasingly intense landscape, manufacturers are increasing their efforts in research and development. Almost all the companies in the dairy alternatives market, which are operating at a global level, are growing at exponential rates in terms of sale. Innovative ingredient and flavour combinations are responsible for the projected high growth rate of the dairy alternatives market.

The ongoing better-for-you and clean label trend is boosting market growth. Though the growth of dairy alternatives market is not expected to decline for the next 10-15 years, constant efforts in innovation and development of effective marketing strategies are a prerequisite for growth in future.

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Know More About Dairy Alternatives Market Report

Future Market Insights, in its new offering, offers an unbiased analysis of the global dairy alternatives market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the dairy alternatives market based on the source (soy, almond, rice, coconut, oats, and others), product type (flavoured and unflavoured), nature (organic and conventional), and distribution channel (direct and indirect) across seven major regions.

Source

Soy
Almond
Rice
Coconut
Oats
Others

Product

Regular/ Unflavoured
- Soy Milk
- Almond Milk
- Coconut Milk
- Oat Milk
- Others (Hemp, Flax, etc.)
Flavoured
- Soy Milk
- Almond Milk
- Coconut Milk
- Oat Milk
- Others (Hemp, Flax, etc.)

Nature

Organic
Conventional

Distribution Channel

Direct Sales/ B2B
Indirect Sales/ B2C
- Hypermarkets/ Supermarkets
- Convenience Stores
- Mass Grocery Retailers
- Specialty Stores
- Online Retail

Painting Robots Market size will reach US$ 2.92 Bn in 2021

Global painting robots market to exhibit year-on-year (YoY) growth of 8.3% to total US$ 2.9 Bn in 2021. As per the study, the demand for robotic arms will increase by 8.8% CAGR between 2021 and 2031, giving tailwinds to the painting robots market growth. Overall sales of painting robots will grow by 10.1% CAGR between 2021 and 2031. East Asia and Europe are likely to account for over half of global demand for painting robots through 2031.

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The painting robots market will register increasing growth as a result of high demand from various industries including HVAC, furniture, sanitary ware, textiles and heavy engineering equipment.

Industries are exhibiting high demand for flexibility in automation systems to move beyond traditional manufacturing processes, especially for automotive and electronics manufacturing. Application of painting robots is expected to grow in the automotive sector as a result of higher electric vehicle production.

According to the study, Germany, the U.S., and Japan are likely to emerge as highly lucrative market for painting robots. Surging automotive sales in Germany will remain a chief growth driver.

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Key Takeaways of Painting Robots Market Study

Painting robots market size will reach US$ 2.92 Bn in 2021
The U.S. will emerge as a highly lucrative market, creating absolute dollar opportunity of US$ 334 Mn by 2031
Demand for painting robots will grow by 12.7% CAGR in Germany
China will lead sales of painting robots in East Asia. Demand for painting robots in China will grow by 7.3% CAGR between 2021 and 2031
Japan and South Korea are expected to account for 16% of sales in painting robots market in 2021.

“With manufacturing sector exhibiting high demand of painting robots, market players are expected to focus on customizing features to cater to specific industry requirements. Besides this, they are expected to use diverse marketing platforms for product positioning,” said a FMI analyst.

During the forecast period, the painting robots market is expected to be aggressively driven by demand for automation. With the positive influence from industry 4.0 and the rising applications of quality management systems to enhance efficiency of operations and reduction of error rate, there will be surge in sales of painting robots in the coming years.

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Competitive Landscape

The global market for painting robots is identified to be extremely consolidated, with the top manufacturers controlling about 75-80% of the overall market. Market players are competing to increase their global footprints and collaborate directly with end users.

By providing speed and scalability through their goods, they are producing economic solutions and addressing production issues for their customers. The major players are also focusing on value added services to establish robust service network.

Furthermore, painting robot manufacturers are adopting key supply trends such as easy integration of robots into customers’ systems, easily programmable robots, and flexible deployment to gain competitive edge. Some of the key players in the market are Dürr AG, ABB Ltd, Kuka AG, Fanuc Corporation, Kawasaki Heavy Industries Ltd, and Yaskawa Global.

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