Market Research Blog

A recent study by ESOMAR-certified consulting firm Future Market Insights projects a positive outlook for the Anti-static Foam Packaging market over the forecast period. The report gives a detailed outlook about the ongoing changes and advancement that are expected to augment growth in the Anti-static Foam Packaging market. With a unique approach and extensive data analysis, FMI presents a detailed perspective on the market, key growth drivers, threats and challenges that market players are likely to face during the forecast period.

COVID-19 Impact Analysis on Anti-static Foam Packaging Market

Following the outbreak of COVID-19, the packaging industry is expected to witness a moderate growth after a steep fall. Soaring development in various sectors of packaging including the increased R&D activities from the prominent players has led the Anti-static Foam Packaging market in the positive direction. Manufacturers are more focused on the sustainability as a key strategy to maintain their position in the industry during the time of crisis.

FMI provides an extensive information on growth strategies that will aid the players to tackle the impact of pandemic on the global Anti-static Foam Packaging market. This detailed chapter will give the market players information on the market scenario following the outbreak of COVID-19 and its impact on the industry across major regions. With various info graphics and detailed data sets, the market players are provided with market intelligence solutions which are accurate, transparent and reliable for the upcoming decade.

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Important Questions Answered in the Anti-static Foam Packaging Market Report

• Which are the top companies operating in the Anti-static Foam Packaging market?
• What will be the future outlook of the Anti-static Foam Packaging market in the upcoming decade?
• What are the key growth drivers and restraints likely to affect the Anti-static Foam Packaging market in the future?
• Which region is expected to be the most lucrative region for the Anti-static Foam Packaging market?
• What are the ongoing trends likely to augment the growth of the global Anti-static Foam Packaging market?

Why Choose Future Market Insights

• Serving domestic and international clients 24/7
• Strives to deliver optimized and accurate results
• Data collected from reliable primary and secondary sources
• Highly trained and experienced team of research analysts
• Deliver market reports with precision and diligence

Anti-static Foam Packaging Market: Segmentation

In-depth analysis on FMI’s Anti-static Foam Packaging market report has been further classified into key segments and sub-segments.

material:

• High-Density Polyethylene (HDPE)
• Middle-Density Polyethylene (MDPE)
• Low-Density Polyethylene (LDPE)
• Linear Low-Density Polyethylene (LLDPE)

thickness:

• 10 mm- 30 mm
• 31 mm -60 mm
• 61 mm- 100 mm
• Above 100 mm

end-uses:

• Electronic
• Automotive
• Consumer goods
• Industrial goods
• Others (food & beverage, cosmetics etc.)

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Anti-static Foam Packaging Market: Competitive Analysis

The latest report on the Anti-static Foam Packaging market by FMI gives an unbiased analysis on the top 10 leading companies operating in the Anti-static Foam Packaging market. It provides a detailed segmentation on the market players’ product launches, strategic mergers and acquisition and revenue prospects that will aid the players to gain a competitive edge in the industry.

Key players profiled by FMI in Anti-static Foam Packaging market includes:

• UFP Technologies, Inc.
• NSJ AUTOMOTIVE POLYPLASTICS
• Sealed Air
• Polymer Packaging, Inc.
• Mahasach India Pvt Ltd.
• Pregis LLC.

Significant Contributions to the Report

• Key Trends and Opportunities: Comprehensive analysis on the industries ongoing trends and opportunities for market players in different regions across the globe
• Recent Challenges and Forecasts: Detailed assessment on the challenges, technological advancements, and forecast for upcoming decade.
• 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

A recent study by ESOMAR-certified consulting firm Future Market Insights projects a positive outlook for the Child Resistant Single Dose Pouches market over the forecast period. The report gives a detailed outlook about the ongoing changes and advancement that are expected to augment growth in the Child Resistant Single Dose Pouches market. With a unique approach and extensive data analysis, FMI presents a detailed perspective on the market, key growth drivers, threats and challenges that market players are likely to face during the forecast period.

COVID-19 Impact Analysis on Child Resistant Single Dose Pouches Market

Following the outbreak of COVID-19, the packaging industry is expected to witness a moderate growth after a steep fall. Soaring development in various sectors of packaging including the increased R&D activities from the prominent players has led the Child Resistant Single Dose Pouches market in the positive direction. Manufacturers are more focused on the sustainability as a key strategy to maintain their position in the industry during the time of crisis.

FMI provides an extensive information on growth strategies that will aid the players to tackle the impact of pandemic on the global Child Resistant Single Dose Pouches market. This detailed chapter will give the market players information on the market scenario following the outbreak of COVID-19 and its impact on the industry across major regions. With various info graphics and detailed data sets, the market players are provided with market intelligence solutions which are accurate, transparent and reliable for the upcoming decade.

Get Free 20% customization on Pre-Booking: https://www.futuremarketinsights.com/checkout/13738

Important Questions Answered in the Child Resistant Single Dose Pouches Market Report

• Which are the top companies operating in the Child Resistant Single Dose Pouches market?
• What will be the future outlook of the Child Resistant Single Dose Pouches market in the upcoming decade?
• What are the key growth drivers and restraints likely to affect the Child Resistant Single Dose Pouches market in the future?
• Which region is expected to be the most lucrative region for the Child Resistant Single Dose Pouches market?
• What are the ongoing trends likely to augment the growth of the global Child Resistant Single Dose Pouches market?

Why Choose Future Market Insights

• Serving domestic and international clients 24/7
• Strives to deliver optimized and accurate results
• Data collected from reliable primary and secondary sources
• Highly trained and experienced team of research analysts
• Deliver market reports with precision and diligence

Child Resistant Single Dose Pouches Market: Segmentation

In-depth analysis on FMI’s Child Resistant Single Dose Pouches market report has been further classified into key segments and sub-segments.

Based on Material:

• Plastic
• Paper
• Aluminium
• Other (Bioplastics)

Based on Pouch:

• Seal
  • 2 seal
  • 3 seal
• Flat
• Stand-up
• Die cut

Based on Product:

• Solid
• Liquid
• Powder
• Gel

Based on End-use Industry:

• Pharmaceutical and health care
• Cosmetics and personal care
• Food and beverages
• Cannabis and Tobacco
• Others (Chemical, Industrial)

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Child Resistant Single Dose Pouches Market: Competitive Analysis

The latest report on the Child Resistant Single Dose Pouches market by FMI gives an unbiased analysis on the top 10 leading companies operating in the Child Resistant Single Dose Pouches market. It provides a detailed segmentation on the market players’ product launches, strategic mergers and acquisition and revenue prospects that will aid the players to gain a competitive edge in the industry.

Key players profiled by FMI in Child Resistant Single Dose Pouches market includes:

• IMPAK Corporation
• ePac Holdings, LLC
• CarePac
• Cannaline Cannabis Packaging Solutions
• JB
• Plastics, Inc.,
• XIT Packaging,
• LLC
• Sonic Packaging Industries,
• PAC Worldwide Corporation

Significant Contributions to the Report

• Key Trends and Opportunities: Comprehensive analysis on the industries ongoing trends and opportunities for market players in different regions across the globe
• Recent Challenges and Forecasts: Detailed assessment on the challenges, technological advancements, and forecast for upcoming decade.
• 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

The global small-molecule injectable market was valued at US$ 55.8 Bn in 2020. Expanding at a 7.3% CAGR, the market valuation is expected to top US$ 112.9 Bn by 2031, finds ESOMAR-certified consulting firm Future Market Insights (FMI) in a recent market analysis.

The COVID-19 pandemic outbreak has sparked efforts to repurpose already-approved medicines for treatment. Several clinical studies are now being conducted on different antiviral medicines and small-molecule injectables that have been utilized in the past to treat diseases including SARS, MERS, HIV/AIDS, and malaria. For instance, Remdesivir was approved by FDA for the treatment of COVID-19 in hospitalized adult and pediatric patients.

This is expected to fuel sales of small-molecule injectables over the forecast period. Besides this, rising prevalence of chronic illnesses especially cancer and cardiovascular diseases across the globe are anticipated to usher developments in the small-molecule injectables market.

Pharmaceutical companies are aiming at production facility expansions to reduce corporate tax rate (in the U.S.), and to expand their footprints in emerging markets such as India and China, where production cost is low as compared to regions such as Europe and North America.

Recent tax reforms in the U.S., which include reduction of the corporate tax rate, have encouraged various large pharmaceutical and biopharmaceutical companies to invest in production facilities.

For example, in July 2020, Pfizer announced its plan to invest around US$ 465.0 million to build a sterile injectable plant in Portage, Michigan. This step is a part of its announcement that it made earlier in 2020 about its plans to invest around US$ 5.0 billion in a U.S.-based capital project due to the recent corporate tax reforms in the country. These developments are indicative of lucrative growth prospects for small-molecule injectable market players.

“Increasing adoption of chemotherapy for cancer treatment is expected to propel the small-molecule injectable market growth. In addition to this, fast track drug approvals will continue spurring demand for small-molecule injectables over the forecast period,” says the FMI Analyst.

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Key Takeaways:

• By product, the analgesics segment is expected to hold 23.9% of the total small-molecule injectable market in 2021, expanding at 8.0% CAGR.
• In terms of applications, demand for small-molecule injectables in the infectious disease segment is expected to hold 31.7% of the total market share in 2021.
• By route of administration, the intravenous segment is anticipated to hold 50% of the total market share in 2021.
• Sales of small-molecule injectables through hospital pharmacies are projected to account for 67.8% of the total market share in 2021.
• The U.S. is anticipated to dominate the North America small-molecule injectables market, holding 92.4% of the market share.
• Germany is expected to hold of 21.9% of the Europe small-molecule injectable market share by 2031.
• Small-molecule injectable market in China is projected to expand at a 9.0% CAGR over the forecast period.
• Demand for small-molecule injectables in India is forecast to grow at an impressive 11.1% CAGR through 2031.
• Sales of small-molecule injectables in South Korea and Japan are anticipated to rise at 5.0% and 8.8% respectively.

Competition Landscape

The key market players covered by FMI include Aurobindo Pharma Limited, Teva Pharmaceutical Industries Ltd., Merck & Co. Inc., AstraZeneca Plc, Pfizer Inc., Sun Pharmaceutical Industries Ltd., Novartis AG, Baxter International, Fresenius Kabi, Cipla Ltd, Mylan N.V., Sanofi S.A, and Dr. Reddy’s Laboratories Ltd.

Leading manufacturers of small-molecule injectables are focusing on strategic collaborations and partnerships to strengthen product portfolios. Manufacturers are also aiming at production facility expansions through acquisitions and mergers to gain a competitive edge in the market. For instance:

• In September 2020, Aurobindo Pharma USA Inc. acquired commercial operations and three manufacturing facilities in the U.S from Sandoz Inc., USA, and Novartis Division.
• In May 2020, Novartis AG received FDA approval for first Piqray – the first and only treatment specifically for patients with a PIK3CA mutation in HR+/HER2- advanced breast cancer.
• In April 2020, AstraZeneca announced a collaboration with Benevolent AI to use machine learning and artificial intelligence to discover potential new drugs for chronic kidney disease and idiopathic pulmonary fibrosis.

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More Insights into the Small-Molecule Injectable Market Report

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global small-molecule injectable market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights into small-molecule injectable market. The market is segmented into five parts based on product (small molecule antibiotics, chemotherapy agents, local and general anesthetics, skeletal muscle relaxants, analgesics, anticoagulants, anticonvulsants, antivirals, anti-histamines/ anti-allergy, and others), application (oncology, pain management, cardiovascular diseases, infectious diseases, CNS diseases, blood disorders, musculoskeletal disorders, and others), route of administration (intravenous (IV), intramuscular (IM), and subcutaneous (SC)) and distribution channel (hospital pharmacies, retail pharmacies, drug stores, and mail order pharmacies) across seven major regions.

According to the buy now pay later (BNPL) platform industry analysis by Future Market Insights (FMI), the demand registered in the market will increase at a noteworthy CAGR of 22.4% from 2021-2031.

The report also forecasts that the market will surpass a valuation of ~US$ 6.2 Bn by the end of 2021. As per FMI, presence of application programming interface (APIs) and rapid technological advancements have created ample opportunities for buy now pay later (BNPL) platforms. These technologies have become essential in improving economic competitiveness, thereby propelling the market growth.

Over the past few years, buy now pay later (BNPL) platforms have been witnessing a dramatic increase in popularity among e-Commerce retailers and their customers. This phenomenon was triggered by the COVID-19 consequences and it seems like the buy now pay later (BNPL) platforms industry will continue to develop even in the post-pandemic times. The reasons for this are simple – BNPL is a convenient and cheaper way to get instant loans for buying goods online.

Moreover, strong growth of the e-commerce sector helped startups and fintech giants to establish their footprint in the BNPL platform space across geographies. The growing popularity of credit among consumers has even forced traditional banking players to venture into the BNPL space. For instance, in order to attract non-credit card users, conventional banking players in various countries have added buy now pay later (BNPL) platform offerings to their existing set of financial products.

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Key Takeaways: Buy Now Pay Later (BNPL) Platform Market

• By solution, the buy now pay later (BNPL) software segment is anticipated to account for the leading share in the global demand for buy now pay later (BNPL) platform during the forecast period. However, the buy now pay later (BNPL) APIs segment is estimated to grow at a robust CAGR of more than 24% through 2031.
• By enterprise size, the integration of BNPL platform in small & medium enterprises (SMEs) is anticipated to increase at a CAGR of nearly 23% between 2021 & 2031, while large enterprises are currently dominating the market share.

• The adoption of buy now pay later (BNPL) platform by retail & ecommerce sector is expected to rise at maximum pace. As per FMI, demand in this segment will increase by a CAGR of around 27% between 2021 and 2031.
• South Asia & Pacific is expected to lead the market followed by Europe in 2021. North America is anticipated to emerge as the fastest growing region between 2021 & 2031.
• The market in Japan is expected to progress at a CAGR of around 24% through 2031.
• In the U.K., sales are expected to increase at a CAGR of close to 29% over the next ten years.

 “The rising number of BNPL providers is playing a key role in changing the buying behaviors and general outlook on traditional methods of credit. By providing a manageable way for consumers to borrow and repay with the interest (where applicable), built into the repayment plan with fixed-end date, BNPL providers are giving them more assurance that they can repay without falling into a revolving credit repayment” says FMI analyst.  

COVID-19 Impact Analysis on Buy Now Pay Later (BNPL) Platform Market

The outbreak of COVID-19 has led to more usage of BNPL platforms because remote working and social distancing have helped BNPL service providers gain a huge customer base. The pandemic has made BNPL more popularity as it provides more flexible financing options and low-interest fees.

Therefore, those customers who experienced financial hardships during the pandemics can still afford to buy online. Whereas the BNPL providers can generate substantial revenues based on an increased number of customers who pay small to no interest fees and merchants who are charged for using the BNPL payment method to attract more buyers.

The market has witnessed a significant growth previously, but due to the unexpected COVID-19 outbreak, the market will witness additional growth in 2020. The reasons for the sudden hype around BNPL are various and are undoubtedly tied to the rapid growth of online shopping.

Furthermore, the increased acceptance of consumers to use mobile banking solutions and the growing awareness of BNPL as a payment alternative has paved the way for an extended offering. Finally, the COVID-19 pandemic has made this a ‘perfect storm’ shifting more business to online, increasing consumer confidence in shopping online and increasing the need for managing personal cash-flows at least for a part of consumers.

Thus, the demand for buy now pay later (BNPL) platform is estimated to grow around 1.4X from 2019 to 2021.

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Rapid Adoption of Buy Now Pay Later (BNPL) Platforms in Cross-Industry Applications to Propel Sales

While the buy now pay later model has so far focused mainly on retail and e-commerce, the business model is applicable to various other industries. Thus, it is possible that buy now pay later (BNPL) platforms will expand to other sectors, such as groceries, as well as physical stores, paving the way for more omni-channel applications.

Being the latest wave within the larger fintech industry, buy now pay later (BNPL) platforms are poised to further disrupt the traditional banking landscape. Considering the long-term financial impact of the Covid-19, particularly among young generations, buy now pay later platforms are likely to observe accelerated adoption in the future.

With established players like PayPal and MasterCard entering the competition, the market is likely to get increasingly saturated and major banks, fintech start-ups and tech giants will be competing for consumer attention and market share.

More Valuable Insights on Buy Now Pay Later (BNPL) Platform Market

FMI’s report on the buy now pay later (BNPL) platform industry research is segmented into four major sections – solution (buy now pay later (BNPL) platform, buy now pay later (BNPL) APIs, and services), enterprise size (small & medium enterprises (SMEs) and large enterprises), industry (BFSI, retail & ecommerce, healthcare, media & entertainment, travel & tourism, automotive, and others), 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 buy now pay later (BNPL) platform demand outlook.

About Technology Division at Future Market Insights

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

As per the latest survey by Future Market Insights, global sales of barricade tapes are anticipated to increase by 1.6x between 2021 and 2031. Rising awareness regarding workplace safety to avoid any type of industrial accidents and prevent common people from entering restricted areas will propel the sales of barricade tapes across the globe.

Rising concerns regarding the safety of all types of employees at the construction sites, manufacturing facilities, mines and various other hazardous places are attracting humanitarian organizations.

All those social and employee welfare organizations are mandating the use of barricade tape in companies, organizations and medium-sized workplaces where no standard safety protocols are being followed.

In addition to that, as a part of safety measures at places where the harmful and flammable goods are stored, those places require proper safety marking and labelling by barricade or security tapes.

Different coloured barricading tapes are manufactured by key players for indication of different types of dangers or hazards. Also, different types of printed tapes are used to alert people to various types of hazards.

For instance- red/white coloured tape for fire prevention & protective equipment, yellow/black coloured tape for caution, and red coloured tape for serious hazards and dangers.

Availability of a large number of colours in barricade tapes containing different texts for various threats is expected to fuel the demand for barricade tapes. End-users are focusing on providing end-user industries with the best-suited barricade tapes, printed with colours and text, indicating the potential hazards in their respective industries.

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Key Takeaways from Barricade Tapes Market

• Barricade tapes with a thickness ranging from 6 to 8mm is expected to record growth at 5% CAGR between 2021 and 2031. Barricade tapes with medium thickness offer cost-effective, durable and lightweight soft barricading solutions for end-use industries across the globe.
• Expansion of building & construction industry across the U.S. will offer a total incremental opportunity of US$ 140 Mn over the next decade.
• Easy availability, flexibility and hassle-free production process makes plastic as most preferred material by barricade tapes manufacturers across the regions. Plastic barricade tape is expected to account for 60% share in 2021.
• Sales of barricade tapes used in industrial end users are anticipated to exhibit growth at 5% CAGR between 2021 and 2031, on the back of favourable stringent regulation for safety of employees and labor.
• Germany is expected to be the largest market for barricade tapes in Europe accounting for almost 20% market share in 2021.

“Upgradation of workplace safety laws, along with the expansion of end-use industries such as automotive, construction, mining, and manufacturing will result in increased demand for barricade tapes across the globe. Moreover, producers of barricade tapes are developing sustainable tapes to woo environmentally conscious consumers across the globe,” says FMI analyst.

Increasing Popularity of Custom-built Barricade Tapes Showcases Intrinsic Growth Potential

In the modern-day, customized products and services are witnessing exponential growth, as people are more attracted towards a product or solution specifically designed to fulfil their needs. Customized products are more in demand as these products are tailor-made as a solution to existing problems faced by end-user industries.

Major manufacturers operating in the global barricade tapes market are eyeing various differentiation strategies to gain competitive edge and maintain dominance in the market. To offer unique versions of barricade tapes, these companies are offering a variety of customized options to end-user industries, in which clients choose the design, material, color and text written on the barricade tapes as per their needs.

Custom-built barricade tapes are expected to create a huge uproar in demand for barricade tapes across all regions and offering lucrative opportunities to the market players.

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Barricade Tapes Market Landscape

Some of the key players dominating the global barricade tapes market are 3M Company, Shurtape Technologies, LLC, Brady Corporation, Scapa Group PLC, Tesa SE, Surface Shields, Inc., Advance Tapes International Ltd., Vibac Group S.p.a., Mutual Industries, Inc., Custom Tape Ltd, Intertape Polymer Group Inc., Yuyao Laisifu Houseware Co., LTD, Nitto Denko Corporation, Ningbo Teagol Adhesive Industry Co., LTD and MAS Corporation.

Barricade Tapes Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the barricade tapes market, analysing historical demand from 2015-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the barricade tapes market based on thickness (up to 2mm, 2 to 4mm, 4 to 6mm, 6 to 8mm, 8mm & above), material type (Plastic (polyethylene, polypropylene, polyethylene terephthalate, polyvinyl chloride), paper, aluminum foil, cotton fabric), end use (industrial (building & construction, automotive, mining, agriculture & irrigation, general industrial, aerospace), non-industrial (traffic signs, crime scenes, defence, restricted areas)) across seven regions.

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

As per a recent market survey by Future Market Insights (FMI), sales for pea protein ingredients are expected to reach a valuation of US$ 2.5 Bn in 2031, rising at a 7.2% CAGR through 2031.

Rising popularity of pea protein can be attributed to its high protein content, sustainability, availability, intriguing functionality, affordability, and hypoallergenic properties. Owing to these benefits, various food and beverage companies are incorporating pea protein ingredients in their products. This is expected to propel sales of pea protein ingredients in the forthcoming years.

Along with being an affordable and sustainable plant-based protein, pea protein ingredients are a good source of immune-supporting supplements. The COVID-19 pandemic has prompted millions of people to shift to healthier diet, which in turn is spurring demand for pea protein ingredients.

Pea protein ingredients powders are just as easy to incorporate into shakes or smoothies as whey protein powders. They do not include any animal byproducts, making them fit for consumption for the vegan population. Pea protein ingredients supplements are easier to digest than traditional protein supplements as it solely contains plant-based proteins and amino acids like lysine and glutamine.

“Rising consumer preference towards organic and natural ingredients in food and beverages, along with research and development activities undertaken by key market players to diversify applications of pea protein ingredients will continue augmenting growth of the market through 2031,” says an FMI analyst.

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Key Takeaways:

• The U.S. is estimated to account for more than 79.0% of the North America pea protein ingredients market in 2021.
• China is estimated to account for nearly 43.3% of the East Asia pea protein ingredients market share in 2021.
• Germany will emerge as a lucrative market, holding 16.3% of the Europe market share in 2021.
• Sales of pea protein ingredients are anticipated to continue rising in the U.K., holding 14.0% of the Europe market share.
• Demand for protein ingredients in India is expected to rise at a 11.4% CAGR over the forecast period.
• Thailand pea protein market is projected to expand at a 9.4% CAGR in 2021.

Competitive Landscape

Some of the leading companies offering pea protein ingredients are A&B Ingredients Inc., Nutri Pea Ltd, Archer Daniels Midland Company, Kerry Group PLC., Cargill Incorporated, The Scoular Company, Axiom Foods, Inc., Batory Foods, PLT Health Solutions, Prinova Group LLC, and others.

Leading players operating in the global pea protein ingredients market are focusing on research and development to launch new products to cater to growing vegan consumers. Apart from this, players are investing in mergers, acquisitions and strategic collaborations to strengthen their presence in the pea protein ingredients market.

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Get Valuable Insights into Pea Protein Ingredients Market 

FMI, in its new offering, provides an unbiased analysis of the demand for pea protein ingredients presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031). The study divulges compelling insights on the demand for pea protein ingredients based on product type (isolates, concentrates and textured), application (bakery and snacks, dietary supplements, beverages, meat analogs/substitutes, others) and form (powder, liquid, others) across seven major regions.

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

In a recent market analysis, Future Market Insights (FMI) has forecast the global drink cans market to expand at a robust 8.5% CAGR, reaching a valuation of approximately US$ 50 Bn in 2021.

Increasing production output from the food and beverage industry is expected to spur demand for drink cans. The global beverage market has witnessed exponential growth over the last few decades and is expected to grow consistently during the forecast period.

In addition to the mature markets of North America and Europe, markets in Asia-Pacific, Latin America and the Middle East and Africa are growing rapidly in terms of market volume and quality.

Moreover, growing demand for drink cans for packaging non-alcoholic and alcoholic beverages is expected to propel sales of drink cans in the forthcoming years. Increasing expenses on food consumption in emerging markets is also anticipated to boost growth of the food & beverage industry. This is likely to create a positive impact on demand for drink cans across the globe.

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Further, shifting consumer preference towards sustainable and eco-friendly packaging has led to a spike in demand for packaging solutions that can be recycled. One of the most recycled packaging format is drink cans. Recycling doesn’t degrade the quality of metal as drink cans made from aluminum/ steel are completely recyclable, which makes this process profitable to manufacturers.

Moreover, in comparison to other conventional packaging formats, drink cans do not pose threat to the environment, as most of it gets recycled. During the process of recycling drink cans produce negligent amount of carbon footprint, adhering to the environment policies.

Factors such as recyclability, client specific customization, and increasing demand for small quantity beverage containers is anticipated to continue fueling sales of drink cans through 2031.

“Increasing emphasis on light weight and environment-friendly packaging solutions, along with the introduction of 3D printing technology for can manufacturing is expected to augment growth of the global drink cans market over the forecast period,” says an FMI analyst.

Key Takeaways:

• By capacity type, the 201 – 450 ml segment is anticipated to account almost 30% market share by the end of forecast period.
• In terms of product type, the 2 – piece cans segment is anticipated to expand by 2.3x over the forecast period.
• In the end-use industry segment, the non-alcoholic beverages segment is expected to account for 61% of the total market share by 2031.
• The U.S. is projected to account for 72.5% of the North America drink cans market in 2031.
• China will emerge as a lucrative market, holding 42% of the drink cans market in East Asia region.
• India is forecast to account for nearly 31% of the South Asia drink cans market by 2031.
• Sales of drink cans in Japan are anticipated to grow at a 9.6% CAGR through 2031.

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Competitive Landscape

Novelis Inc., Ball Corp., Crown Holdings Inc., Silgan Holdings Inc. are top players operating in the drink cans market. Furthermore, SHOWA DENKO K.K., Toyo Seikan Group Holdings Ltd., CPMC Holdings Inc., and CAN Pack S.A. are also noticeable players in the drink cans market. The 3-tier players in the market hold 50-60% of the global drink cans market. Key players are expected to account for almost 30-40% of the global drink cans market share over the forecast period.

Leading players operating in the global drink cans market are investing in strategic collaborations and acquisitions to expand their product portfolios and global footprint. For instance:

• In 2021, Novelis Inc. completed the construction of US$ 150 Mn aluminum rolling and recycling operation in Brazil. Moreover, the company acquired Aleris in 2020 to enhance the strategic position in Asia.
• In 2020, Crown Holdings Inc. has been recognized by Berlin Packaging as “Supplier of the Year 2019”. Crown Inc. also established manufacturing plant in Nicholas, New York to support demand for specialty cans.

More Insights into the Drink Cans Market Report

In its latest report, FMI offers an unbiased analysis of the global drink cans market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of capacity (upto 200 ml, 201 – 450 ml, 451 – 700 ml, 701 – 1000 ml, above 1000 ml), product type (1 – piece, 2 – piece, 3 – piece ), and end-use (alcoholic and non-alcoholic) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

According to the study conducted by Future Market Insights, the intelligent packaging market is expected to accelerate at a CAGR of 9.0% during 2021-2031.

Packaging has consistently improved in the last few years. Packaging technology has become smarter to  act as a catalyst for improving the shelf life of the packed products. Intelligent packaging is the amalgamation of technology and packaging that offer smarter and more convenient solutions.

Investments in intelligent packaging by food and beverage manufacturers have been aiding the overall expansion of the market. With the ongoing research on nanotechnology and machine learning, the intelligent packaging industry is expected to witness launch of ground-breaking packaging designs.

As per FMI, the food and beverage sector, followed by the healthcare sector are listed as top-tier investors in intelligent packaging technology.

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Intelligent Packaging Market- Key Takeaways

• By technology, interactive packaging/ data carriers are expected to attract an investment opportunity of above US$ 13.3 Bn during the research period of 2021-2031 due to improved usage of QR code labels, RFID tracking and product identification barcodes among others.
• By the level of packaging, primary packaging is expected to observe an incremental growth of 2.5x by 2031.
• By application, blister packaging is expected to witness a YoY growth of 13.9% in 2021 due to improved usage in the pharmaceutical and healthcare industry.
• By end-use, more than 1/3rd of the total intelligent packaging market is held by the food and beverage industry, however, the healthcare sector is expected to register a CAGR of 11% during the forecast period.
• By region, South Asia is expected to attract intelligent packaging investors and the market is expected to account for nearly 13% of the total market share by 2031. However, Europe tops the leaderboard and is expected to showcase high demand for disruptive technologies in the intelligent packaging market.

“Intelligent packaging is headed towards providing seamless tracking and tracing, extending shelf life, monitoring and communicating product condition and interacting with the consumer through data-carrying wireless technology. The intelligent packaging market holds immense potential and investment opportunities. It will continue driving consumer engagement in the coming years,” says an FMI analyst.

Technological Advancements in Food and Beverage Packaging to Pave Way for Intelligent Packaging

Intelligent packaging was incorporated primarily for the food industry and it has seen continuous innovations in the sector since its advent. Freshness and temperature indicators to determine the product condition, QR codes and barcodes to share product information with the consumers, and moisture and oxygen scavengers to enhance the shelf life of the product were a few innovations that have changed the traditional food packaging.

The sector is expected to witness more dynamic changes and sustainable innovations due to intelligent packaging that will reshape the food packaging industry. Biosensors for pathogens and toxicity indicators are a few advances in intelligent packaging that are expected to thrive in the food and beverage packaging industry in this decade.

Another development in intelligent packaging is to uncover if the food and beverage packed within is baked or microwaved products. Researchers are developing indicators that can determine the food quality and readiness to eat with forestalling elements like microwave doneness indicators (MDIs) and colour indicators.

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Smart Packaging for Tracking and Tracing Packages

Intelligent packaging uses technologies such as barcodes, NFC and RFID tags to track products and ensure they are delivered in an appropriate condition. The advent of IT software like the internet of things, blockchain technology and cloud computing are bringing a revolution in intelligent packaging by providing statistical and quantitated information about the package.

The expansion of the intelligent packaging industry is expected to boost manufacturing company offerings with better packaging designs. Consumers are looking for smart, cost-effective, aesthetically pleasing and practical intelligent packaging that is sustainable. Manufacturers are continuously replacing traditional plastic packaging with technologically-equipped paper and bio-based packaging that provides more than just product storage.

Impact of COVID-19 on Intelligent Packaging Market

Unlike the majority of industries affected negatively by the outbreak of COVID-19 in 2020, the global pharmaceutical and healthcare sector observed high growth and silent innovations. With the increasing manufacturing of oxygen cylinders to transporting vaccines, intelligent packaging played a vital role in shaping the industry. Intelligent packaging ensured a better product reach and safety of consumers through technologically-embedded labels, tags and cold chain packaging sensors.

The pandemic could be held responsible for the penetration of intelligent packaging in the healthcare and pharmaceutical sectors. However, limited marketing and branding options also encouraged food and beverage manufacturers to smartly advertise their products via packaging. With instruction manual to social message during the pandemic, everything was conveyed through smart packaging to the customers.

Hence, COVID-19 couldn’t be termed exactly detrimental for the intelligent packaging industry. However, with manufacturers trying to attract customers after the pandemic, intelligent packaging is expected to play a major role in shaping the consumer packaging industry.

Market Landscape

Amcor plc, Crown Holding Inc., 3M Company, CCL Industries Inc., Huhtamaki Global, DS Smith, Avery Dennison Corporation, Honeywell International Inc., Tetra Pak International S.A., Sealed Air Corporation, Stora Enso Oyj, WestRock Company, Ball Corporation and Mondi Plc, among others are some of the intelligent packaging manufacturers in the global market.

Timestrip UK Ltd., Varcode, Ltd., Temptime Corporation, DeltaTrak, Inc., EVIGENCE SENSORS, JRI Company, Vitsab International AB, LAXCEN TECHNOLOGY INC., APK-ID, STARNFC Technologies Ltd. are some of the technology manufacturers in the intelligent packaging market.