Magnetic Drive Pump Market to Witness Significant Incremental Opportunity during 2021-2031

As per Future Market Insights (FMI), the global magnetic drive pump market is projected to rise at a CAGR of 5.3%, totaling US$ 807.9 Mn in 2021. Despite stagnant sales amid the COVID-19 pandemic, the magnetic drive pumps market registered 4.4% year-on-year in 2021.

Rising awareness about the need to reduce process-fluid leakage in the chemical and municipal wastewater industries is boosting magnetic drive pumps sales. Among various casing materials, stainless steel is extensively used owing to its wide range of benefits such as the reduced initial expenditure required for installation of the pump and low operational cost with better quality. As per FMI, the stainless-steel segment will account for over 41.3% of the market share.

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The market will continue gaining from the increasing application of magnetic drive pumps in wastewater treatment. FMI also has estimated that among various applications, the water treatment segment accounts for 14.6% of the global market share.

Among various pump types, centrifugal pumps are gaining traction on the back of increasing demand from the Asia Pacific, which in turn pushing magnetic drive pumps sales. According to the study, centrifugal pumps are likely to retain their dominance, accounting for over 52.1% of global sales.

Growth prospects are likely to remain positive in China market on account of improving scope for application in the mining and construction industries. As per FMI, the China market is estimated to reach a valuation of US$ 125.5 Mn by the end of 2031. The U.K. also is emerging as a highly lucrative market driven by increasing demand for heavy machinery and equipment from the mining and construction industry.

Increasing mining and construction projects across the globe is driving magnetic drive pumps’ demand. Leading market players are focusing on offering a slew of innovations to cater the specific needs of various industries,” said an FMI analyst

Key Takeaways from Magnetic Drive Pump Market Survey

  • China is estimated to emerge as one of the most lucrative pockets, accounting for over 39.2% of the East Asia market in 2021.
  • India is estimated to account for over 31.1% of sales in South Asia Pacific through the assessment period.
  • South Korea and Japan collectively are expected account for over 8% of the global market share between 2021 and 2031.
  • The Europe market is projected to grow by 5% in 2021.
  • The global magnetic drive pump market in Asia Pacific is projected to exhibit growth at 6.9% CAGR over the forecast period 2021-2031.

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Key Drivers

  • The increasing importance of water recycling is creating lucrative opportunities for magnetic drives sales across the globe.
  • The demand for remote operated pumps is expected to soar across industries, creating sales opportunities for magnetic drive pump market.

Key Restraints

  • Lack of skilled professionals in the field is hampering magnetic drive pumps sales.
  • Stringent regulatory policies imposed on mining and construction industries to curb the pollution and encourage investment in novel technologies might hamper growth in the long run.

Competitive Landscape

Magnetic drive pumps manufacturers are focusing on strategic partnerships and acquisitions to strengthen their market footprint globally. Also, they are investing in novel product launches to expand their product portfolio.

For instance, in 2020, Blackmer® a Dover company and a global leader in specialty pumps and reciprocating compressor technologies announced the launch of new MAGNES Series Sliding Vane Magnetic Drive Pumps.

In 2021, The Verder Group announced that it has acquired the Jabsco rotary lobe pump product line from Xylem Inc. This acquisition will further consolidate Verder’s position in hygienic pumps for food and beverage and pharmaceutical applications.

Some of the leading players operating in the magnetic drive pump market profiled by FMI are:

  • Ebara Corporation
  • Flowserve Corporation
  • Kirloskar Brothers Limited
  • ITT Goulds Pumps Inc.
  • Iwaki Co Ltd.
  • Klaus Union
  • March Manufacturing
  • Ruhrpumpen Inc.
  • Sundyne LLC
  • Xylem Inc.
  • PRECISION ENGINEERING CO.
  • Grosvenor Worldwide Private Limited
  • GCA Energy
  • Magnatex Pumps, Inc.
  • Grundfos
  • TEIKOKU ELECTRIC MFG. CO., LTD.
  • ELEPON E.C.A.P. Corporation
  • NIKKISO EIKO Co., Ltd.

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More Valuable Insights on Magnetic Drive Pump Market

FMI, in its new report, offers an unbiased analysis of the global magnetic drive pump market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in magnetic drive pump market with detailed segmentation:

By Pump Type:

By Flow Rate:

  • Up to 80 m3/hr
  • 81 – 200 m3/hr
  • 201 – 500 m3/hr
  • Above 501 m3/hr

By Casting Material:

  • Stainless Steel
  • Alloy
  • Engineering Plastic
    • PP
    • ETFE
    • PFA
    • CRETFE

By Application:

  • Mining
  • Chemical Manufacturing and Processing
  • Bio-Fuels and Refineries
  • Metal Plating and Finishing
  • Fume Scrubbing
  • Food Processing
  • Water Treatment
  • Surface Treatment
  • Desalination
  • Others

By Region:

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

Key Questions Covered in the Magnetic Drive Pump Market Report 

  • The market survey also highlights projected sales growth for magnetic drive pump market between 2021 and 2031
  • The report offers insight into magnetic drive pump demand outlook for forecast period 2021-2031.
  • Magnetic drive pump market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
  • Magnetic drive pump market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

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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.

Galactose Market Is Expected To Rise At A 5.6% CAGR, With The Market Valuation Projected To Reach Of US$ 45,112.9 Mn In 2031

As per a recent market analysis by Future Market Insights (FMI), demand for galactose is expected to rise at a 5.6% CAGR, with the market valuation projected to reach of US$ 45,112.9 Mn in 2031. Changes in consumers’ eating habits, along with increasing consumption of ready-to-eat meals due to hectic lifestyle and busy schedules are some trends driving sales of galactose in the food and beverage industry.

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Owing to high demand, manufactures operating in the packaged food sector are incorporating galactose as an alternative to chemically processed sugar. In addition to this, expansion of the vegan population, and high focus on wellness-based products will continue fueling sales of galactose over the forecast period.

Rising awareness regarding usage of artificial and synthetic sugar in food and beverages spurring demand for galactose. Consumption of synthetic sugar results in health disorders such as high blood pressure, excessive weight gain, and increased risk of heart related disorders. In response to this, manufacturers are investing in research and development activities to launch plant-derived galactose in the market.

In addition to this, increasing demand for galactose from the personal care industry is anticipated to bode well for the market. Galactose is an exfoliant, which removed dead cells, minimizes pores, and doesn’t increase sun exposure, making it a vital ingredient in skincare products. This trend is anticipated to continue over the forecast period, resulting in high demand for galactose.

“Increasing demand for ingredients derived from organic sources and transparency of ingredients list in food products will continue fueling sales of galactose over the forecast period,” says the FMI analyst.

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Key Takeaways:

  • Crystal type of galactose is estimated to hold over half of the market in 2031.
  • Based on product type, D-Galactose is expected to account for lion’s share of the total galactose sales in 2021.
  • In terms of source, plant-derived sugar is anticipated to command the galactose market share.
  • Sales of galactose in India are projected to rise at a robust 8.1% CAGR over the forecast period.
  • The U.S. is estimated to account for more than 81% of the North America market in 2021.

The U.K. is projected to dominate the Europe galactose market with a market share of 14.8% in 2021.

Galactose Application in Personal Care Industry Creating Opportunities for Market Growth

Galactose has many anti-inflammatory and probiotic properties. These properties make it ideal for inclusion in exfoliating and nourishing skincare products. Galactose belongs to the PHA family of chemical exfoliants, which is a new generation of well-known AHAs and BHAs.

PHAs mildly exfoliate the skin, making them suitable for usage on all skin types.

It can help minimise the appearance of dark spots and hyperpigmentation, and unlike other chemical acids like AHAs, it doesn’t increase sun exposure.  All these factors are leading to a higher application of galactose in the personal care industry.

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Competitive Landscape

Some of the leading companies offering galactose are Thermo Fisher Scientific Inc., Merck KGaA, Kyowa Hakko Kirin Co., Ltd., Kyowa Hakko Kirin Co., Ltd., Suven Life Sciences Ltd., Nacalai Tesque Inc., Cayman Chemical Company, Inc., Anhui HeGeng Biotech Engineering Co., LTD., Tereos Starch & Sweeteners s.a.s, Cambridge Isotope Laboratories, Inc., and others.

Key players operating in the global galactose market are focusing on reaching a large consumer base by targeting emerging countries such as China, India, and Brazil. As a part of their growth strategies, players are investing in research and development to launch innovative plant-derived galactose products. Besides this, mergers, acquisitions, and strategic collaborations are expected to aid market players in expanding their global footprint over the forecast period. For instance:

  • In March 2018, Kyowa Kirin Asia Pacific Pte. Ltd. announced the establishment of its Australian subsidiary, known as Kyowa Kirin Australia Pty. Ltd. With this establishment, the company aims to launch Kyowa Hakko Kirin’s products in the country.

Global Silicone Release Liners Market To Grow At 8.1% CAGR During The Period 2021-31

ESOMAR-certified consulting firm Future Market Insights estimates the global silicone release liners market to grow at 8.1% CAGR during the period 2021-31. The market has been forecast to offer an incremental opportunity of US$ 1.5 Bn in the span of next 10 years.

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Increasing applications of silicone release liners in the packaging industry such as tapes, graphic films and labels are spurring sales. Superior benefits provided by silicone release liners such as improved quality, durability and tensile strength will continue improving their demand across diverse industries.

As per FMI, film liners are used extensively in release liners market. However, paper based silicone release liners are acquiring immense popularity among manufacturers due to their better structural properties and sustainability compared to the film liners.

Advantages such as faster manufacturing process, economical final product, and eco-friendly features are bolstering paper silicone release liners demand. Furthermore, increased application of silicone release liners in food and beverage industry is expected to accelerate sales in the market.

Manufacturers in the food & beverage industry are adopting aggressive branding and marketing of food products to gain competitive edge. To improve the appeal of their products, they are improving quality of packaging, which is propelling the adoption of silicone release liners.

Aggressive branding and marketing in the food and beverages industry is anticipated to drive the market for silicone release liners in the coming years.

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Key Takeaways from Silicone Release Liners Market

  • By liner type, paper liners segment is expected to expand at an impressive pace of 9.7%CAGR during 2021-2031.
  • By application, labels segment is expected to hold 39.8% of value share in 2031 on the back of heightened demand for pressure sensitive labels.
  • Sales of silicone release liners in the food industry are projected to expand at a CAGR of 7.5% during the span of the next 10 years.
  • By region, North America and Europe is estimated to hold over half of the total silicone release liners market owing to their well-established packaging liners industry.
  • South Asia and East Asia market are emerging as the most lucrative pockets, exhibiting growth at a CAGR of 12.5% and 11.4%, respectively.

“Rapid expansion of healthcare and food & beverages sectors across the globe is anticipated to create growth opportunity for the silicone release liners market. With increasing need for safe packaging, key players are focusing on new product launches to expand their portfolio and gain competitive edge in the market” says FMI analyst.

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Growing Awareness Regarding Hygiene Products Fueling Demand for Silicone Release Liners

Growing awareness among consumers in developing nations such as India and Brazil regarding the hygienic packaging for products in infant and sanitary care sectors is resulting in high demand for silicone release liners.

Initiatives undertaken by NGOs and government bodies for promoting these products to the rural as well as economically weaker section of people living in urban areas are resulting in the g demand for hygiene products.

Rising demand is attracting many new players to enter the market. Meanwhile established companies are focusing on expanding their footprint worldwide.

  • For instance, key players such as Johnson & Johnson and P&G are focusing on capitalizing on untapped opportunities in the emerging markets to increase their market share and expand consumer base.

As silicone release liners are widely used for hygiene products due to their ease in detaching from the products and efficiency in carrying the adhesives, sales are expected to increase.

Sunflower Seeds Market Witness Highest Growth in near Future

The fruits of the sunflower plant are called as sunflower seeds. Sunflower seeds are one of the most popular and healthy seeds which are produced on a large-scale in European countries such as Russia, Ukraine, and the European Union. Sunflower seed market is rapidly growing with a CAGR of 4.5%. Sunflower seeds coat is surrounded by a small kernel which is composed of 20% proteins and 30% lipids.  Sunflower seeds are used for producing edible oils that are used in various food products.

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Sunflower seeds food products are available in various flavors such as dill pickle flavor, bacon ranch flavor, salt and pepper flavor, salty-sweet kettle roast flavor, fresh cracked pepper kettle roast flavor, and sweet dill pickle kettle roast flavor, and toasted coconut kettle roast flavor. Sunflower seeds are coated and sold as sour cream, barbeque, or ranch. Sunflower seeds are available in various sizes globally. Sunflower seeds contain high feeding value and are rich in omega-6 fatty acid. Sunflower seeds byproduct hull contains high in fiber and is used as a feed additive for cows. Sunflower Seeds in snack industry has developed rapidly as a convenient on-the-go snack option in the recent years.

Global Sunflower Seeds Market: Regional Outlook

Geographically, the global Sunflower Seeds industry can be divided by major regions which include North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Globally, among all regions, Europe has developed as the dominant region in global sunflower seeds market followed by Asia Pacific. Increasing snacking industry and demand for flavored sunflower seeds snacks, has strengthened the growth of global sunflower seeds market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.

Global Sunflower Seeds Market: Growth Drivers

The global sunflower seeds market driving factors are increasing demand for ready-to-eat snack foods coupled with the convenience of foods. Increasing opportunities in snacks industry is also another factor in driving the sunflower seeds market along with rising in production of sunflower seeds as a result of improved seed varieties. Rising number of supermarkets and retail stores are rapidly increasing the demand for various flavors of sunflower seeds worldwide. Manufacturers are focusing on providing healthier product offerings. As a result of rich source of fiber presence in sunflower seed, the demand for animal feed products is increasing significantly in livestock worldwide. Hence, the global sunflower seeds market is expected to observe robust growth over the forecast period.

Global Sunflower Seeds Market: Key Players

Some of the key players identified across the value chain of the global sunflower seeds market include KENKKO CORPORATION, CONAGRA FOODS, INC., DuPont, Limagrain UK Ltd., GIANT Snacks Inc., Martin US Enterprises, LLC, CHS Inc., Sakata Seed America, AmericanMeadows, Ike Enterprises Inc., Mahyco Seeds Company Ltd, and Nuseed. The companies are expected to expand their business by enhancing their product portfolio in global sunflower seeds market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global sunflower seeds market till 2026.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, and others)
  • Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Benelux, Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

Global Sunflower Seeds: Market Segmentation

The global sunflower seeds market is segmented on the basis of color, application, distribution channels, type and region.

The sunflower seeds market is segmented on the basis of color such as

  • bright yellow
  • claret red
  • black
  • green
  • white
  • light gray

The global sunflower seeds market is segmented on the basis of type which includes

  • oilseed type
  • non-oilseed type

The global sunflower seeds market is segmented on the basis of application

  • edible oil
  • snacks
  • bakery products
  • confectionery
  • birdfeed

The global sunflower seeds market is also segmented on the basis of distribution channels such as

  • supermarkets
  • online stores
  • retails stores

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Report Highlights:

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

Composable-Disaggregated Infrastructure Market is expected to reach ~US$ 22.7 Billion by 2031, at a CAGR of 26.3% through 2031

[312 pages] According to newly released data on composable/disaggregated infrastructure industry analysis by Future Market Insights (FMI), the demand will increase at a CAGR of 26.3% during 2021-2031.

The report also forecasts the market to surpass a valuation of ~US$ 2.2 Bn by the end of 2021. As per FMI, rapid technological advancements in the data center industry have created growth prospects for composable/disaggregated infrastructure implementation.

Composable disaggregated infrastructure have become essential in improving utilization, and delivering greater productivity, thereby propelling the market growth.

Various data center manufacturers are establishing their offices or targeting on increasing the sales of their products in various countries. Owing to the presence of a large unaddressed customer base and high growth opportunities, key players with an intention of expanding their business in terms of value are strengthening their presence in the region.

Hence, due to increasing investments by data centers companies the adoption of composable disaggregated infrastructure is increasing.

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Key Takeaways of Composable/Disaggregated Infrastructure Market

  • By component segment, the disaggregated hardware is anticipated to account for the leading share in the global Composable/disaggregated infrastructure demand during the forecast period. The segment is estimated to grow at a robust CAGR of 27.0% through 2031.
  • Demand for composable/disaggregated infrastructure in small and medium enterprises (SMEs) is expected to rise at maximum pace as these organizations continue adopting composable/disaggregated infrastructure solutions and cloud based solutions for better ROI.
  • Demand for composable/disaggregated infrastructure among enterprises and cloud providers is estimated to grow at an impressive CAGRs. Of these, cloud provider is expected to account for leading share in composable/disaggregated infrastructure sales forecast during the forecast period.
  • The U.S. is expected to lead the market followed by the U.K. and Germany in 2021.
  • Australia and New Zealand are anticipated to emerge as the fastest growing region between 2021 & 2031.
  • The market in India is expected to progress at a CAGR of 36.8% through 2031.
  • In the GCC Countries, sales are expected to increase at a CAGR of close to 33% over the next ten years.

 “Software defined infrastructure is becoming leading option for enterprises that want to invest in cost-effective, simplified IT management and eliminate platform silos in the datacenter. Thereby composable disaggregated infrastructure is going to be the top choice for enterprises as it helps to allocate the exact compute, storage or memory resources needed in any situation and also helps in increasing agility” says FMI analyst.  

COVID-19 Impact Analysis on Composable/Disaggregated Infrastructure Market

The health concerns are increasing around the world and causing significant business impact due to the on-going COVID-19 pandemic particularly when it comes to delivering data. IT operations associated with data centers got drastically disrupted during this pandemic.

Physically moving servers, closing buildings and opening a new space, is massively more complicated in the Covid-19 world. However, the pandemic has forced the organizations to adopt digitalization, as there is increasing demand for remote working calls for increasing mobilization of cloud computing to cope with increasing demand for data.

Hence, the pandemic has accelerated the digital transformation and understood the value and role of data centers in the face of global disruptions.  Countries have experienced exponential growth in data demand.

This pandemic has underscored the importance of digital technology and data centers and has increased the adoption of servers during the pandemic. It is also expected to witness significant growth during and post-pandemic era.

Thus, the demand for composable/disaggregated infrastructure is estimated to grow around 21% to 24% Y-o-Y from 2019 to 2021.

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Deployment of 5G Network Will Generate Demand for Composable Solution

Fifth-generation (5G) cellular network technology is not only limited to provide speedier content downloads, but it is capable to transform the way people conduct their day-to-day activities and business from the Internet of Things (IoT) to Artificial Intelligence (AI).

5G plays vital role in improving the economic growth and several countries are planning to adopt 5G technologies for transforming their existing business processes. Increasing implementation of 5G network across the globe will increase the demand for composable solution.

This is due to the increased power and processing requirements of 5G infrastructure which will create the need for highly efficient and reliable power systems that can tolerate heavy loads. The modular and highly efficient composable solution can perfectly fulfill this need of the 5G technology.

More Valuable Insights on Composable/Disaggregated Infrastructure Market

FMI’s report on the composable/disaggregated infrastructure industry research is segmented into four major sections – component (disaggregated hardware, composable software, services), enterprise size (small and medium enterprises (SMEs) and large enterprises), end user (cloud providers, colocation provider, enterprises), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the composable/disaggregated infrastructure demand outlook.

Key Companies Profiled:

  • Hewlett Packard Enterprise
  • Cisco Systems Inc.
  • Dell EMC
  • Ericsson
  • DriveScale, Inc. (Twitter)
  • Wiwynn
  • Liqid Inc.
  • Fungible, Inc.
  • TidalScale

Composable-Disaggregated Infrastructure Outlook by Category

By Component:

  • Disaggregated Hardware
  • Composable Software
  • Services

By End Users:

  • Cloud Providers
  • Colocation Providers
  • Enterprises

By Enterprise Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

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By Region:

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

Destructive Testing Market To Grow At Nearly 6% During 2021-2031

The global destructive testing equipment market (for food) is set to be valued at US$ 1.7 Bn in 2021, with a healthy long-term growth projection, according to latest research insights from Future Market Insights, an ESOMAR-certified research and consulting firm.

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The report has forecast the global destructive testing market to grow at nearly 6% during 2021-2031. It offers analysis of 20+ high-growth markets, providing detailed insights on global destructive testing market growth trajectory over the next decade.

As per FMI, the market had to brace the negative impact of COVID-19 outbreak in 2020. Sales plummeted as stringent curbs were imposed on production and supply of testing equipment. Nevertheless, prudent measures adopted by end-use stakeholders for capital investments has helped in the market’s recovery in 2021.

Food being an essential item has met unabated growth in demand. This created scope for expansion for commercial scale manufacturers. Considering this, long-term growth outlook for the market is perceived to be on a positive note.

Need for robust packaging for to prevent damage due to trauma, corrosion, and leakage as well as demand for optimal preservation of the food item against decomposition has necessitated the use of destructive testing.

Since the advent of destructive testing technique and related equipment, significant technological advancements has been witnessed in the market with present trend oriented towards portable and smart connectivity modules where data visualization, interface is enabled over multiple device platform in a single moment.

These developments are expected to support the growth of the market over the coming years.

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Key Takeaways of Global Destructive Testing Market Study

  • Packaged food and dairy industries are touted as leading end-use verticals for destructive testing usage. They are expected to account around 35% of the overall demand globally.
  • North America, Europe and East Asia are identified as leading regional markets owing to presence of established food quality and certification services related to processed food and pet food market.
  • The U.S. is expected to be at the epicenter of expansion in North America, accounting for over 80% of sales in the region.
  • Despite China’s continued dominance in East Asia, destructive testing demand will increase at a higher pace in Japan and South Korea.
  • Germany, Italy, and France are likely to spearhead growth in Europe.

“Though the non-destructive testing market is likely to exhibit dominance, destructive testing will be preferred for a sound degree of accuracy, process time, and utilities cost. Moreover, dual assessment of food texture and packaging quality provided instantaneously will help the processed food manufacturers in new product innovation and production” says FMI analyst.

Global destructive testing market is likely to grow at a robust pace during 2021-2031. The market is in its advanced stages of growth, where manufacturers are currently shifting towards online distribution channels for sales. Strong focus to commercialize new product portfolio and also to expand products based on customers’ demand coupled with efficient tendering backed by aftersales service is also being emphasized by OEMs to gain competitive advantage.

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Competitive Landscape

The market is primarily consolidated, with key players accounting for more than half of the sales. The leading players are likely to invest in new technology developments as well as expansion of distribution networks in order to sustain growth. Some of the key players in the market are Thermo Fisher Scientific, Ametek Mocon, Shimadzu Corporation, Metrohm, Xylem, Inc., Sartorius AG, and Mettler Toledo amongst others, etc.

Cochineal Extract Market Booming Segments; Investors Seeking Growth 2026

The cochineal is an insect from Dactylopius coccus family, from these insects natural food color dyecarminis derived. The female insect is dried and then dye is extracted from dried insect as well as from eggs. This extract is further mixed with calcium or aluminum salts to use as dye. Carmine is primarily used as a colorant in foodand in lipsticks. Cochineal extract is being used as colorant since centuries, it has wide applications as natural colorant into food, textile, medicine and personal care products. The cochineal insect farming is done to grow the particular insects for red color dye. The origin of cochineal insect is seen in Peru and Mexico.

The insects are grown on specific type of cactus plant these insects grow on the moisture and nutrient contents of the cactus leaves. Insects are then collected and sun dried to produce extract. Dried cochineal, contains 17 % to 24% carminic acid, is carefully extracted in an acidic, aqueous, alcoholic solution to produce red, orange color dye.

Cochineal Extract Market Segmentation:

Cochineal extract market is segmented on the basis of its form, application and region. On the basis of forms, cochineal extract market is segmented into powders and liquid form. The cochineal extract is available in both water soluble as well as oil soluble. Cochineal extract market is segmented on the basis of its applications as food and beverages, textile/fabric, cosmetics & personal care, pharmaceuticals and others etc.

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Cochineal extract market demand is considerably high in the food and beverage market segment as it is considered as natural color option where synthetic color is prohibited, and hence demanded as colorant in various food products such as bakery and confectionary, beverages, dairy products etc. Thus, food and beverages market segment is dominate market for cochineal extract. In cosmetics & personal care market segment cochineal extract is mainly used as colorant in skin care products, lipsticks, face powders, rouges, and blushes etc. Applications of cochineal extract in fabric/ textile segment is comparatively lesser as numerous new and synthetic color dye options are being invented, however in few of the markets it’s still popular. In pharmaceutical market segment cochineal extract is basically used for color pills and ointments, however this segment comprises very small share of total market. Others market segment includes cochineal extract uses in the manufacturing of artificial flowers, paints and crimson ink.

Cochineal extract market is further segmented on the basis of regions as North America, Latin America, Asia Pacific Excluding Japan, Japan, Europe, and Middle East and Africa. Latin America is major export market of cochineal extracts, Mexico and Peru being major regional producers. In European markets France is the major importer for cochineal extract. Due to various government bans on the uses of synthetic food colorant in Japan , Japan is also a becoming major importer for cochineal extract in coming years.

CochinealExtractMarket Drivers:

Cochineal extract is in high demand in several application sectors across the world. Principle factors driving market demand are continuous rising demand natural colorants. As synthetic colorant had proven allergic and hazardous for health, natural color market demand is high. Also rising market demand for natural products based cosmetics and skin care products is becoming another market driver for cochineal extract. Various government such as Japan has banned synthetic color uses in food and beverage products, this is driving natural colorant market demands such as cochineal extracts.

CochinealExtractMarket Restrains:

Cochineal extract has no known health risks, number of people have been found to experience occupational asthma, foodand cosmetic allergies due to use of product containing cochineal extracts. Increasing vegan food culture and adoption of 100% plant food concept, many consumers are not ready to accept animal products and not preferring product labeled with cochineal extract or carmine as an ingredients. These are the main restraints for cochineal extract market.

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CochinealExtractMarket Key Players:

Maximum amount of cochineal extract is produced in Mexico and Peru and get exported into global markets. Key players operating in cochineal extract market are DDW The Color House, Gentle world, Xian LiSheng-Tech Co., Ltd, Chr. Hansen Holding A/S, Colores Naturales EIRL, Lake Foods, and many of the local Mexican and Peru market players extract the cochineal product like Earthue, Biocon del Peru.

Industrial Chemical Packaging Market is forecast to reach from 2.9 Billion units in 2021 to 4.6 Billion units by the year 2031

[272 Pages Report] The industrial chemical packaging market is projected to expand at a steady pace, registering growth at 4.0% CAGR between 2021 and 2031, as per the a survey conducted by Future Market Insights. Global demand for industrial chemical packaging solutions is forecast to reach from 2.9 billion units in 2021 to 4.6 billion units by the year 2031.

Due to the unprecedented outbreak of COVID-19, restrictions imposed by regulatory authorities have negatively impacted the sales of industrial chemical packaging solutions. However, in the coming years spike in demand for chemicals and growth in international trade of hazardous materials will result in long term growth of the global industrial chemical packaging market.

Development of the latest international trade routes and improvements in supply chain and logistics networks will enable companies to deliver goods across continents in lesser time. These developments will therefore fuel the demand for durable and high-capacity packaging solutions for hazardous chemicals.

Manufacturers in the industrial packaging industry are adapting to the needs of modern-day markets. Continuous upgrades in production technology are made mandatory for all manufacturers, either small or large to stay competitive in the market.

State-of-the-art leak detecting machinery and advanced testing solutions are designed for making sure the chemical packaging solution is in tandem with international safety standards and complies with weight handling capacity.

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Key Takeaways from Industrial Chemical Packaging Market

  • Intermediate bulk containers are the most widely used packaging format for safe and easy transportation of industrial chemicals, as these conainers are versatile, pallet mounted cost-effective. IBC’s currently account for more than 64% of industrial chemical packaging solutions sold worldwide.
  • Backed by the presence of the renowned pharmaceutical companies in the country, the U.S. is the largest consumer of chemical packaging solutions.  The U.S. market is anticipated to offer incremental opportunities worth US$ 4.4 Bn over the next decade.
  • Recyclable and re-usable features make plastic preferred material in the industrial chemical packaging market. It is expected to account for over 40% of packaging solutions produced over the forecast period.
  • After witnessing slight decline in FQ-20, Germany market is expected to register a y-o-y growth of almost 4% in the year 2021.
  • Specialty chemicals segment will offer incremental opportunity of US$ 36.5 Bn between 2021 and 2031.

“Meteoric rise in demand for advanced packaging solutions for hazardous materials, due to the implementation of stringent international safety standards for storage and transportations of harmful chemicals is pushing the demand for advanced leak-proof packaging products,” says FMI analyst. 

Sustainability to be a Key Concern for Top Manufacturers

Increasing global pollution has compelled key players of the packaging industry to use eco-friendly raw materials, which are recyclable or offer re-usability. Along with that, manufacturers need durable materials to provide strength to the industrial chemical packaging solutions, which can carry heavy weight.

Producers are therefore shifting focus towards High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Metallized Polyethylene Terephthalate (MET-PET), and other reusable materials, which are cost-effective and have a wide range of features.

Industrial Chemical Packaging Market Landscape

Some of the key players dominating the global industrial packaging market are ProAmpac, Tote Systems International, LP, US Display Group, Myers Industries, Inc., Assmann Corp. of America, DENIOS Ltd., Hoover CS, Segezha Group GmbH, CLA Containers, Greif, Inc., RIKUTEC Group, Müller Group, Knack Packaging Private Limited, Mauser Group B.V., PVN Fabrics Pvt. Ltd., Time Technoplast Ltd., Pyramid Technoplast Pvt Ltd., Tripura Containers Private Limited, East India Drums & Barrels Mfg. Co and Schuetz GmbH & Co. KGaA.

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Industrial Chemical Packaging Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the industrial chemical packaging market, analyzing historical demand from 2015-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the industrial chemical packaging market on the basis of packaging format (IBC, flexi tanks, drums, pails & jerry cans, bags & sacks and others), material (metal, plastic and paper & paperboard) and the chemical type (specialty chemicals and commodity chemicals) across seven regions.

Industrial Chemical Packaging Market by Category

By Packaging Format:

  • Intermediate bulk containers (IBCs)
    • RIBCs
      • Up to 800 Litres
      • 800 Litres to 1,250 Litres
      • Above 1,250 Litres
    • FIBCs
  • Flexitanks
  • Drums
    • Metal
      • Standard 210 Litres
      • Other than 210 Litres
    • Plastic
      • Up to 50 Litres
      • 50- 100 Litres
      • 100-200 Litres
      • Above 200 Litres
  • Pails & Jerry Cans
  • Bags & Sacks
  • Others (Bins & Liners, etc.)

By Material:

  • Metal
    • Steel
    • Tin
  • Plastic
    • Polyethylene
      • LDPE
      • HDPE
    • Metalized polyethylene terephthalate (MET-PET)
    • Polyvinyl Chloride (PVC)
    • Polyamide (PA)
    • Polypropylene (PP)
    • Polystyrene (PS)
    • Others
  • Paper & Paperboard

By Chemical Type:

  • Specialty Chemicals
    • Paints & Coatings
    • Adhesives & Sealants
    • Specialty Polymers
    • Food & Feed Additives
    • Polymer Additives
    • Active Pharmaceutical Ingredients
    • Agrochemicals
    • Dyes & Pigments
    • Others (Fragrances & Flavours, Personal Care Ingredients, etc.)
  • Commodity Chemicals
    • Monomer & Polymer Resins
    • Inorganic Chemicals
    • Organic Chemicals
    • Petrochemicals
    • Others

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By Region: 

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

Eye Infections Treatment Market 2021 Expectations & Growth Trends Highlighted Until 2030

Increasing prevalence of eye infections due to ocular surgical procedures is primarily shaping eye infection treatment market. A recent Future Market Insights (FMI) report forecasts that even though the eye infection treatment market would continue to experience a downtrend throughout 2020 due to COVId-19 pandemic, revenues would reach US$ 10 Bn by the end of 2030. Post-operative ocular infections remain among the most common eye infection types, says the FMI study.

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Rising Caseloads

Caseloads of ocular surgical conditions such as cataracts, glaucoma, age-related macular degeneration (AMD), and diabetic retinopathy are growing due to sedentary lifestyle habits, and expanding geriatric cohort. According to the US statistics 2019, cataracts affect over 24 million Americans aging at least 40 years. By age 75, about half of the Americans suffer from cataract. Further, diabetic retinopathy affects nearly 7.7 million Americans aging at least 40 years. In similar fashion, there were 48,229 corneal transplants performed in the US in 2013.

Demand for eye infection treatment will continue to receive a strong impetus from increasing awareness about different eye infection types and availability of treatment, further complemented by technological advancements on ophthalmology.

Key Takeaways of Eye Infection Treatment Market Study

  • Antibiotics would contribute over 55% revenue share in the eye infection treatment market owing to their use in treating primary eye infections and post-surgical eye infections.
  • Eye drop sales capture over 60% market share in the eye infection treatment market.
  • Conjunctivitis would account for a third of eye infection treatment demand through 2030.
  • Bacterial infections continue to account for over 3/5th market share.
  • Hospitals and retail pharmacies collectively generate over 70% total returns to shareholders.
  • Increasing rate of eye surgeries and rising usage of contact lenses continue to push North American market. European market would be upheld by the expanding geriatric pool.
eye infection treatment market share by region pr

Demand for Eye Infection Drugs to Slump Amidst COVID-19 Pandemic

The coronavirus (COVID-19) pandemic has resulted in widened gap between supply and demand of eye infection treatments. As such, it has significantly reduced ocular surgery rate for short-term basis and, in turn, post-operative eye infections. According to World Health Organization (WHO), national healthcare resources redirection and utilization to contain COVID-19 pandemic is expected to delay and reschedule the treatment of non-critical healthcare conditions for brief period, including eye care services, and ocular surgeries.

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Development and Licensing Deals with Multiple Commercialization Partners

Technology developers are laying greater emphasis on developing of novel ophthalmic formulation technologies and engaging with commercialization partners with licensing-out proprietary ophthalmic technologies. For instance, Nicox S.A. has licensed out ZERVIATE (cetirizine ophthalmic solution) 0.24% to Eyevance Pharmaceuticals LLC for commercialization of ZERVIATE in the US. ZERVIATE is the first topical ocular formulation of antihistamine cetirizine approved for treatment of ocular itching associated with allergic conjunctivitis. In addition, Ocumension Therapeutics is responsible for all development and commercialization activities in Chinese market for ZERVIATE.

Know More About FMI’s Eye Infection Treatment Market Study

Eye infection treatment market, a new study from Future Market Insights, opines on eye infections treatment from 2015 – 2019 and presents demand projections from 2020 – 2030 on the basis of; drug class (antibiotics, antivirals, antifungals, antihistamines, corticosteroids, and glucocorticoids), dosage form (tablet, capsule, ophthalmic ointment, and eye drops), indication (conjunctivitis, keratitis, endophthalmitis, blepharitis, stye or sty (hordeolum), uveitis, cellulitis, and ocular herpes), causative agent (virus, bacteria, fungus, and allergens) and distribution channel (hospital pharmacies, retail pharmacies, online pharmacies, and drug stores) across seven prominent regions.

Governments’ Role Crucial

In light of the rise in eye infection cases, Who and other international organizations maintain their focus on raising awareness. Efforts in diagnosis and eye infection treatment are ramping up. Case in point, VISION 2020 has been established with the aim to integrate a comprehensive, sustainable, and top-notch eye care system into national healthcare infrastructure. Such initiatives are highly beneficial for countries such as India, where cataract surgeries are performed for free via government programs, aiming to cover untapped sections of the society.

EYE INFECTIONS TREATMENT MARKET TAXONOMY

The global eye infection treatment market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Drug Class

  • Antibiotics
  • Antivirals
  • Antifungals
  • Antihistamines
  • Corticosteroids
  • Glucocorticoids

Dosage Form

  • Tablet
  • Capsule
  • Ophthalmic Ointment
  • Eye Drops
  • Others
  • Indications
  • Conjunctivitis
  • Keratitis
  • Endophthalmitis
  • Blepharitis
  • Stye or Sty (Hordeolum)
  • Uveitis

Causative Agents

  • Virus
  • Bacteria
  • Fungus
  • Allergens

Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Drug Stores

Regions

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

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Foldable Phone Market Is Expected To Surpass A Valuation Of US$ 65 Bn, Growing At A CAGR Of Over 25.2% Through 2031

Continuous evolution of smartphones has facilitated the innovation in display technologies, with foldable displays emerging as the latest component to take the industry by storm. According to a recent report by Future Market Insights (FMI), the foldable phone market is expected to surpass a valuation of US$ 65 Bn, growing at a CAGR of over 25.2% through 2031.

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The foldable phone market is projected to expand at an impressive pace owing to rapid advancements in technology, improvements in design, stronger functionality, and product up-gradation. This is anticipated to bode well for the global foldable phone market in the forthcoming years.

Increasing consumer awareness regarding the latest trends in smartphone technologies is fueling demand for innovative smartphones.  As a result, some well-known companies have been patenting their design architecture for soon-to-be-released folding phones. Apple Inc., for example, has patented its folding smartphone technology with a hinge heating technology to protect it from wear and tear over time.

Also, smartphone makers are experimenting with technologies and features in their foldable smartphones, which can be seen in Samsung Galaxy Fold and Motorola Razr, as these phones have a unique design but prefers front-to-front fold display technology.

Furthermore, in April 2021, Oppo launched two new foldable phones in the market, both with an inward-folding design. Vivo is also expected to release a folding phone with an inwards folding design, while Xiaomi has already released the Mi MIX Fold.

Another trend that is propelling the foldable phone market is the implementation of work from-home culture. Rising viewership and increasing interest of individuals towards job opportunities that offer remote work has led increasing demand for reliable and efficient electronic products. This is anticipated to provide impetus to foldable phone sales in the forthcoming years.

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Key Takeaways:

  • Based on display size, the under 6 Inches display segment is expected to hold a 44.6% of the total foldable phone market share in 2021.
  • Foldable phone with a 12 GB RAM are likely to dominate the market in 2021, accounting for over 46% of the total market share.
  • Under the storage segment, foldable phone with the storage space of 256 GB will hold more than half of the total foldable phone market share in 2021.
  • US$500-1,500 is projected to hold the leading share in the market in 2021, accounting for nearly half of sales.
  • Sales of foldable phones through online retail channels are projected to grow at a prolific 38.1% CAGR through 2031.
  • China will emerge as an attractive foldable phone market, accounting for over 40% of the market share in East Asia 2021.
  • The U.S. will dominate the North America foldable phone market with nearly 80% the market share over the forecast period.
  • India is projected to account for more than one-third of the South Asia foldable phone market share in 2021.

 ““Increasing sales of consumer electronics through online channels, along with smart promotional activities adopted by key market players such as influencer marketing and celebrity endorsements are anticipated to spur demand for foldable phones over the assessment period,” says a FMI analyst.

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Who is Winning?

Leading players in the foldable phone market are Samsung Group, Huawei Technologies Co., Ltd., Microsoft Corporation, Xiaomi Corporation, Royole Corporation, Motorola (Lenovo Limited), TCL Technology, LG Corporation, ZTE Corporation, Sony Group Corporation, AsusTek Computer Inc., Energizer among others.

Leading manufacturers of foldable phones are focusing on promotional strategies, advertisements, and new product launches to improve sales of foldable phones. Apart from this, mergers, acquisitions, and strategic collaborations will remain prominent growth strategies among key market players over the assessment period. For instance:

  • In 2021, Xiaomi launched their first foldable smartphone, Mi MIX FOLD, at the Spring 2021 New Product Launch. Equipped with a large 8.01” WQHD+ resolution flexible internal display and a 6.52” external display, this innovative new device touts the largest foldable display on any smartphone.