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CRISPR Genomic Cure Market Covid-19 Impact Analysis, Opportunities, Threats, Drivers, Restraints, Trends, Applications, And Growth Forecast To 2031

According to the latest research by Future Market Insights, the CRISPR Genomic Cure market will undergo a steady growth during 2021-2031.

A gradual increase due to constant research studies being conducted and new verticals of disease treatment being opening can be seen over the mentioned forecast period.

The increasing innovations and advancements in genetic engineering will further boost the market

What is Driving Demand for CRISPR Genomic Cure market

The gene-editing tool which was discovered only about 7 years ago, has shown potential to be used in treating wide-range of diseases like cancer, HIV as well as haematological ailments.

n a news article namely,” Quest to use CRISPR against disease gains ground” published in Nature , a 2016 research done in China where CRISPR was used to disable a specific gene which has the ability to shield cancerous cells from the immune system.

Another potential application of this tool is in treating HIV AIDS. The HIV virus sits in the DNA of the immune cells, so, by using CRISPR we can attack it in its inactive form and kill it in its dormant sate.

This will possibly assist in curing the disease. CRISPR’s potential application in gene-editing and opening avenues for curing otherwise incurable diseases is what will make this market achieve a drastic boost by increasing its demand.

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CRISPR and COVID19

While many screening tests are in existence which allow rapid detection of COVID19, recent developments in genetic research shows a possible use of gene-editing in fight the virus.

Study done at Stanford University have developed a technique to destroy the base genetic material of the COVID19 virus, thus preventing from affecting the human lungs.

Results of this study came back very promising, reducing 90% of viral load in the human cells.

Looking at the current scenario, this virus is mutating continuously and making it difficult to find a definite cure.

Therefore, CRISPR technology seems to be taking its steps in the right direction and giving the CRIPSR Genomic Cure market a bright future.

U.S. and Canada CRISPR Genomic Cure market –

US leading the CRISPR Genomic Cure market can be attributed to continuous encouragement for the researchers in doing gene-related research, cancer and rare disease research in the form of strong financial support.

For instance, Leber congenital amaurosis is the most common type of blindness in children which has no treatment as of now.

But, a leading brand in genetic technologies, Editas Medicine Inc., is working on a CRISPR therapy where the respective cells will be edited on a genetic level to restore their function before a child loses the sight completely.Europe CRISPR Genomic Cure market –

Sickle Cell Disease, which is a genetic disease has one of the most common prevalence in Europe and it has affected over 52,000 people, says the data published by Global Blood Therapeutics Inc.

in October 2020. Gene responsible for haemoglobin production which is present in the stem cell of bone marrow get mutated. Pertaining to this researchers are exploring new verticals to improve these numbers.

Take the example of Institute Imagine located in Paris. Scientists there have been successful in extracting and treating the faulty genes from the stem cells and insert them inside the human body again which alleviates the symptoms.

This is a breakthrough in curing the diseases by the means of genomics which will provide the necessary boost to the market.

Who are the key Manufacturing and Supplying Companies in CRISPR Genomic Cure Market

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Key players:

Intellia Therapeutics, Inc.
Caribou Biosciences, Inc.
CRISPR Therapeutics
Editas Medicine, Inc.
Casebia Therapeutics
ERS Genomics
Toolgen Inc.
Thermo Fisher Scientific, Inc
Merck KGaA
Cellectis
eGenesis
F.Hoffmann-La Roche Ltd.
Horizon Discovery Group plc
GenScript
Danaher Corporation
AstraZeneca plc.
Addgene
Lonza
Takara Bio Inc.
Synthego
Mammoth Biosciences
Inscripta, Inc.
Beam Therapeutics
Vertex Pharmaceuticals Incorporated
Hera BioLabs
OriGene Technologies, Inc.
Recombinetics, Inc.

Middle East & Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

CRISPR Genomic Cure Market Report Highlights:

Detailed overview of the 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

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company

Key Segments

By Product Type:

Kits
Libraries
Reagents
Vector design
Assay Design

By Application:

Cancer Research and Development
Alteration of DNA
Genomic Engineering

By End User:

Pharmaceutical Companies
Academics & Government Research Institutes
Contract Research Organizations (CROs)
Genetic Research Laboratories

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By Region:

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

Lithium Mining Market Is Expected To Top US$ 3.3. Bn By 2031

As per a recent analysis by Future Market Insights (FMI), the global lithium mining market is projected to top US$ 3.3 Bn by 2031. Growing demand for lithium ion batteries from end-use industries including automotive, packaging and consumer electronics is expected to propel sales of lithium over the forecast period 2021-2031.

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Lithium is widely being adopted in the manufacturing batteries for electric vehicles, owing to advantages such as longer lifespan, improved fuel efficiency and low discharge rates. Increasing sales of electric vehicles are anticipated to spur demand for lithium in the forthcoming years, which in turn will augment growth of the global lithium mining market.

Moreover, growing demand for glass and ceramics from the packaging industry is likely to create new opportunities for key players operating in the lithium mining market. Glass and ceramics are mostly used in packaging of pharmaceuticals, food and beverages, and other items. Increasing applications of lithium in the glass and ceramics industry will continue boosting growth prospects of the lithium mining market.

In 2020, the global lithium mining market was heavily impacted by the novel coronavirus pandemic. Nationwide lockdowns, travel restrictions, and halted on mining operations hampered the production and consumption of lithium. However, sales are expected to recover in 2021 as demand for lithium from the automotive sector continues to grow.

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“Growing focus on fuel efficiency in automotive vehicles is expected to propel consumption of lithium for batteries in the forthcoming years. Besides this, increasing sales of wearables and portable consumer electronics will continue augmenting growth of the lithium mining market through 2031,” says an FMI analyst.

Key Takeaways:

Lithium production through brine solutions is expected to capture 65% of the total lithium mining market share.
The lithium hydroxide segment is projected to account for a dominant share over the forecast period.
Applications of lithium in the battery segment are projected to grow at 8.5% year-over-year in 2021.
Sales of lithium in the U.S. are projected to grow by 3.2% year-over year in 2021.
Australia will emerge as an attractive market owing to the presence of high-capacity lithium reserves in the country.
China will continue experiencing high demand for lithium due to increasing production and sales of consumer electronics.

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Competitive Landscape

Albemarle, Ganfeng Lithium, Livent, Nemaska Lithium, Orocobre limited, Sichuan Tianqi Lithium Industries, SQM and Lithium Americas Corp. are among the key market players identified by FMI. These players are projected to command 60-70% of the total lithium mining market share.

Leading players operating in the global lithium mining market are focusing on production facility expansion through mergers and acquisitions to gain a competitive edge in the market. For instance:

In October 2021, Belgian material technologies group Umicore UMI.BR signed a long-term lithium supply deal with Gangfen Lithium Co. Ltd. to expand its production capacity in response to rising electric vehicles demand.

Fluid Transfer Solutions Market 2021 Future Trends, Segmentation, Strategies to Boost Growth, Applications with Covid-19 Impact till 2031

According to the latest research by Future Market Insights, the Fluid transfer solutions market is set to witness a growth of 5% and 7% during 2021-2031.

Fluid transfer process is considered one of the critical steps in manufacturing processes and takes place routinely in the field of medical, biopharmaceutical or cell therapy industries.

As it involves careful transfer of fluids under sterile conditions, different types of fluid transfer can be achieved on the basis on intended applications and the industry where it is used. Demand for Fluid transfer solutions is expected to witness an optimistic growth outlook in the long run.

What is Driving the Demand for Fluid Transfer Solutions Market

Continuous research activities for the development of newer treatments, growth in pharmaceutical industry producing new vaccines and cell and gene therapy processing industries can be seen using the aseptic transfer of materials in their processes, from small scale to large scale, thus driving the demand for fluid transfer solutions market.

Aseptic transfer of cell and fluid material requires different equipment or devices depending on various product and processes, and as per the industry.

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On the basis of this, there are single-use or disposable fluid transfer products and customized fluid transfer products offered by different companies, made of different material such as poly vinyl chloride (PVC) or silicone or stainless steel.

Application of Fluid transfer solutions varies as per the industry such as in medical industry- Poly Vinyl Chloride (PVC) are used for tubing purpose such as in blood bags, IV and fluid transfer sets, dialysis bags and IV containers. While in biopharmaceutical industry, applications includes single use systems, peristaltic pumps, upstream and downstream and fill and finish processes.

Benefits from single use fluid transfer systems can be seen in terms of facility design, validation and investment along with reduced risk of cross contamination, faster turn-around time and improved process connectivity.

The single use systems are thus considered to be driving the market for fluid transfer solutions in the forecast period.

Which Factors are likely to Augment the Growth of the Fluid Transfer Solutions Market

The wide range of fluid transfer products from simple tubing to complex mixing solutions available in the market is expected to augment the growth of fluid transfer solutions market during the forecast period.

This includes single use systems (for sampling, small volume transfer tubes), custom sampling solutions, various filtration and transferring assemblies, multibag mixing systems and bottle manifolds.

Continuous focus on development of innovative approaches to handle fluid solutions, increased level of automation and commercialization of new technologies are being undertaken by many companies serving this field.

This will lead to the growth of the market in the forecast period.

North America Fluid Transfer Solutions Market Outlook

North America market growth is largely driven by advanced healthcare infrastructure and growing healthcare driven research and development.

As per the recent report by National Institutes of Health (NIH), the NIH invests nearly $41 Bn in the field of medical research annually, more than 80% of which is funded to the research institutions and medical schools, while the rest support independent projects in USA.

Investment pertaining to clinical researches in medical industry by many private and government organization have been increased in recent times.

Thereby growing the demand for aseptic transfer of materials and drugs under sterile conditions, which is likely to boost the fluid transfer solutions market in this region during the forecast period.

Europe Demand Outlook for Fluid Transfer Solutions

Europe is anticipated to be the second largest market for fluid transfer solutions.

Growing research and development activities to develop better treatment, new and improved vaccines, leading to innovative aseptic fluid handling approaches and products and the presence of key market players, in the European region will facilitate the growth of the market in the forecasted period.

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Who are the key Manufacturers and Suppliers of the Fluid Transfer Solutions

Some of the key players of Fluid transfer solutions include

Thermo Fisher Scientific
Charter Medical
Watson Marlow Fluid Technology Group,
Avantor Inc
DuPont
Saint-Gobain Performance Plastics
Cellon
Pall Corporation
Sartorius AG
Getinge AB
Central Research Laboratories
Beckman Coulter Inc and others.

Companies offering Fluid transfer solutions are involved in existing product upgrades, new product launches, mergers and collaborations to enhance their market position.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Fluid Transfer Solutions Market Report Highlights:

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

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company

Key Segments

By Applications:

Standard/ Single Use fluid transfer systems
Customized/ Multiple use fluid transfer systems

By End User:

Medical industry
Biopharmaceutical industry
Cell and Gene therapy industry

For in-depth competitive analysis, Buy Now – https://www.futuremarketinsights.com/checkout/13902

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa

Electric Motor Market Study: An Emerging Hint of Opportunity by 2031

Global sales of electric motors are set to be valued at over US$ 104 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). A new report estimates the market to expand at over 5.1% CAGR from 2021 to 2031.

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According to Future Market Insights (FMI), increasing automation and robotics in industrial production sector have fuelled the demand for electric motors. The market also is gaining from rapid technological advancement and advent of industrial 4.0.

The electric motors market however registered moderate decline in its sales volume in FY2020 due to the unforeseen COVID-19 pandemic. Demand from major end-use industries like automotive, oil & gas, and other waned. Contrary to this, sections of medical sector were not affected due to increase in demand amid the adoption of COVID-19 precautionary measures.

Demand for alternating current (AC) electric motors has been steadily increasing. This can be attributed to operating advantage linked with it, its prime advantage is its speed torque characteristics which has raised the application for electric motors in various end uses, owing to which the AC electric motors has secured a prominent share in the global Electric motors market.

The growing requirement for pumping application from agriculture, water treatment plants, oil & gas sector and other industries is expected to drive the electric motors market in the forecast period.

Increasing number of players are focusing on research and development related to electric motors, which is anticipated to contribute towards market growth in the years to come.

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Key Takeaways from Electric Motors Market Study

<1HP. Power output electric motors are projected to hold over 80% volume share of the global market in 2021, owing to robust demand for various applications.
The AC Electric motors are set to hold over 71.6% of the market share on value basis by the end of forecast period.
East Asia will remain a primary market, backed by rising demand from the automotive & residential sector. It is expected to account for over 22.7% of the demand registered in globally in 2021.
Electric motors for robotics application set to surge at CAGR of approximately 5.9% over the coming decade.
The U.K. is emerging as a key market in Europe, with a valuation of over US$ 5.4 Bn in 2021, and anticipated to grow with 5.4% CAGR in the forecast period.

“The electric Motors market is anticipated to grow at a strong pace driven largely by increasing demand for innovative and energy-efficient products across industries. Raising automation and digitalization in various end-use sectors are key factors fuelling the demand for electric motors. Industry participants are investing in expansions, strategic alliances, and cost effective solutions to gain a competitive advantage,” says a Future Market Insights analyst.

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Who is winning?

The electric motors market is highly competitive with more than 1,000+ players consisting of tier-1, tier-2 and local based vendors across the region, key players accounting for around 20-30% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.

Some of the key players in this industry include but are not limited to General Electric, Robert Bosch GmbH, Hitachi, Ltd., Nidec Corporation, WEG S.A., Siemens AG, ABB Group, Regal Beloit Corporation, Toshiba Corporation, Johnson Electric, Hyosung Corporation, Schneider Electric SE, Bonfiglioli Riduttori S.p.A., Kirloskar Electric Company Ltd., Allied Motion Technologies Inc., East West Manufacturing, LLC, Hyundai Electric Co. Ltd.

Demand for Articulated Robots to Surge in Line with Increasing Applications in Electronics Industry, Finds FMI Study

A new market research report by Future Market Insights on the industrial robotics market includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the industrial robotics market and provides critical insights for the forecast period of 2019-2029.

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As per the findings of the report, the global industrial robotics market is projected to indicate substantial growth over the forecast period due to multiple driving factors such as adoption of Internet of Things (IoT) in industries and growing digitalization of manufacturing industry across geographies.

The global industrial robotics market was valued at ~US$ 17 Bn in 2018 and is estimated to increase at a CAGR of ~18% between the forecast periods of 2019 and 2029. This growth is driven by the increasing applications of industrial robotics in the automotive industry, electrical/electronics industry, and auxiliary industry, among others.

East Asia is estimated to hold significant market share in terms of value in the global industrial robotics market. However, the South Asia market is projected to project lucrative growth in the global industrial robotics market over the forecast period of 2019-2029. This growth is propelled by the rapid growth in the factory automation rate in countries of South Asia and East Asia such as China, India, and Vietnam, among others. The economic condition of these countries have been evolving positively.

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Furthermore, macroeconomic factors such as growing population, rapid industrialization, and urbanization, are some of the factors driving the growth of the industrial robotics market. The automotive industry in East Asia has gained a considerably positive momentum over the past years, which has increased the adoption SCARA robots and articulated robots in the manufacturing process and is estimated to indicate the rewarding growth of industrial robotics market in the East Asia region.

Automotive Industry to Remain Key End-use Industry of Industrial Robotics

The global market of industrial robotics has been segmented on the basis of different types of industrial robots, their multiple applications, end use industries, and regions such as North America, South Asia, Europe, East Asia, and the Rest of the World.

By product type, the articulated robots segment is estimated to hold a significant share of the global industrial robotics market in terms of value. This has mainly resulted from the rising productivity in manufacturing processes and improving quality of products. On the basis of end use, the automotive industry is estimated to hold substantial market share of the industrial robotics market in terms of value. This is driven by digitalization of manufacturing processes. Moreover, it is expected that the application of industrial robotics in the electrical/electronics industry will be prominent throughout the forecast period.

On the basis of application, the handling operations segment is projected to consume majority share of the global industrial robotics market value. Also, the welding segment is estimated to project lucrative growth in the industrial robotics market over the forecast period.

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Industrial Robotics Market: Vendor Insights

The report indicates some of the prominent market players, who are recognized as leaders in the global industrial robotics market. These key market players in the global industrial robotics market are Yaskawa Electric Corporation, FANUC Corporation, Kawasaki Heavy Industries Ltd, Kuka AG, Mitsubishi Electric, Teradyne Inc. (Universal Robots), ABB Ltd., Yamaha Motor Co., Ltd., Hirata, Corporation, and Denso Wave Incorporated, among others.

The global industrial robotics market is significantly consolidated with some players holding prominent shares of the market.

For additional insights on the industrial robotics landscape, write to the analyst at press@futuremarketinsights.com

Recycled Scrap Metal Market is projected to expand at a CAGR of 5.4% over the forecast period between 2021 and 2031

The global recycled scrap metal market is anticipated to expand at a steady 5.4% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Increasing production of iron and steel is boosting demand for recycled scrap metals. Growing utilization of scrap metals in steel production and in non-ferrous metals processing is further expected to boost the consumption rate of recycled scrap metals.

Rapid development of the building and construction sector also is propelling sales of recycled scrap metals. Increments in the production of automotive, shipbuilding aero plane manufacturing are also bolstering the consumption rate of recycled scrap metal.

Production and processing of ferrous as well as non-ferrous metals produces scrap. These scraps are further utilized in the processing of various products to reduce waste generation. Growing demand for waste management and initiatives taken by regional government bodies to minimize waste is expected to bolster sales of recycled scrap metals over the forecast period.

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As per FMI, the East Asia region is anticipated to be a key consumer of recycled scrap metals owing to strong production of iron and steel, especially in China. Backed by the aforementioned factors, the global recycled scrap metal market is projected to top US$ 98.5 Bn by 2031.

“Increasing production of electric vehicles in the automotive sector, along with rising sales of consumer electronics and wearables are anticipated to continue driving sales of recycled metal scraps over the assessment period,” says an FMI analyst.

Key Takeaways:

By metal type, demand for ferrous metals is expected to surge at a 5.4% CAGR over the forecast period.
The post-consumer recycled scrap metal segment is projected to hold approximately 85% of the total market share in 2021.
Applications of recycled scrap metals in the equipment and tools segment are anticipated to grow at a 4.6% CAGR through 2031.
Sales of recycled scrap metals in the U.S. are anticipated to increase by 4.9% year-over-year in 2021.
Russia will emerge as an attractive recycled scrap metals market, with sales growing at a 4.4% CAGR in 2021.
China is expected to account for over 80% of the East Asia recycled scrap metals market share in 2021.
Japan and South Korea will collectively account for 9.9% of the total recycled scrap metals market share through 2031.

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Competitive Landscape

Key market participants in the global recycled scrap metal market elaborated in the report includes ArcelorMittal, Aurubis AG, China Baowu Group, HBIS Group, Sims Metal Management Ltd., HKS Metals, Nucor Corporation, AMG Resources Corporation, Celsa Group, EMR Group, CRONIMET Holding GmbH, GLE Scrap Metal, Tucson Iron and Metal, ELG Haniel GmbH, Atlantic Recycling Group, LLC, Baroni Scrap Metal LLC, Kuusakoski Group Oy, IMR Innovative Metal Recycling GmbH, Romukeskus Oy, Commercial Metals Co (CMC), MetalCirc Oy, GMH Recycling GmbH, Eco-Bat Technologies Ltd., and Evraz plc.

Key players operating in the global recycled scrap metal market are focusing on increasing utilization of scrap metals to produce iron and steel to decrease waste generation and operating expenditure. Further, leading players are focusing on collaborations, mergers, and acquisitions to expand their production facilities and distribution channels. For instance:

In Oct 2021, Nucor launched Econiq, a series of net-zero carbon steel products. By Econiq, Nucor is providing the lowest greenhouse emission gas steel products to steel consumers.

Increasing Iron and Steel Production Boosting Recycled Scrap Metal Sales

Rapid expansion of the construction sector, automotive production, industrial machinery, tools and equipment sector, and ship building is spurring the demand for iron and steel. Investment towards infrastructure, especially in developing nations is also boosting demand for iron and steel in civil construction. This is resulting in increasing sales of recycled scrap metals, and the trend is expected to continue over the forecast period.

Significant growth in the construction and infrastructure sector in China in the past few years has boosted the consumption of iron and steel, resulting in high demand for scrap metals for the production. As scrap metal utilization helps in reducing carbon emission and waste generation, key players are preferring scrap metals to produce iron and steel. This reduces overall production cost and helps companies in achieving their sustainability goals.

China also has significantly increased its steel production in the last decade, which has boosted the demand for recycled scrap metals. Overall increase in iron and steel production is anticipated to propel the consumption rate of scrap metals in the coming years.

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More Insights into the Recycled Scrap Metals Market Report

In its latest report, FMI offers an unbiased analysis of the global recycled scrap metal 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 metal type (ferrous and non-ferrous), source (production scrap and post-consumer scrap) and end-use (transportation, building & construction, consumer electronics, packaging, equipment & tools, art, décor and home furnishing and jewelry) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

Dog Gates, Doors & Pens Market is expected to register 6.6% CAGR between 2021 and 2031

ESOMAR-certified consulting firm Future Market Insights’ report on global dog gates, doors, & pens market projects a staggering growth, topping a valuation of approximately US$ 8.9 Bn over the forecast period of 2021 and 2031.

Growing adoption of dogs across the globe and technological innovation in the products are the major factors propelling growth. Increasing pet humanization among millennials, especially across India, Brazil, and Australia, are increasing the consciousness regarding the pet welfare.

On the back of the aforementioned factor, demand for dog gates, doors, & pens will surge at over 6.6% CAGR during the forecast period. With increasing social media penetration, millennials are increasingly becoming aware regarding their responsibilities towards animals.

Increasing initiatives undertaken by animal rights activists and growing adoption of shelter animals have encouraged the millennials to adopt dogs as pets. Thereby, increasing the sales of dog doors and pens.

As per the FMI’s analysis, due to the onset of the novel COVID-19, the global dog gates, doors, & pens sales grew moderately as manufacturing activities were disrupted. However, adoption of pets surged, especially across India and Brazil, which boosted the demand for dog pens.

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Key Takeaways from FMI’s Dog Gates, Doors, & Pens Market Study

In terms of sales channel, online retail stores are expected to dominate the segment over the forecast period
Modern trade sales channel segment will hold the largest share in the market during the forecast period
Based on type, demand for electronic dog gates, doors, and pens will surge at 9.6% CAGR through 2021 & beyond
In terms of product, dog pens segment is expected to hold more than half of market share.
India and Australia are expected to emerge as the most lucrative market across South Asia and Oceania
Germany is anticipated to hold the largest market share across Europe, accounting for nearly one-fourth of sales.

“Integration of cutting-edge technologies such as automation and artificial intelligence is fuelling the demand for smart doors. Also, growing concerns for sustainability and safety among pet owners has encouraged market players to introduce smart and energy-efficient dog doors and make them available through online retailers. This is expected to create incremental growth opportunities for the market,” says the FMI analyst.

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Who is Winning?

Some of the key players operating in the dog gates, doors, & pens market Richell Inc., Midwest Pet Products Inc., Ware Pet Products, FurHaven Pet Products, Endura Flap, Ideal Pet Products, Plexidor, Petsfit Inc., High Tech Pet Products Inc., Hale Pet Door, Takara Industry Co. Ltd., Gun Dog House Door Inc., Carlson Products, ZampaPet, and IRIS USA Inc. among others.

As per the FMI’s analysis, leading players in the market are focusing on product development, and sustainability to introduce new smart products such as smart pet doors integrated with cutting-edge technologies to expand their global footprints.

Also, the market players are adopting expansion strategies such as mergers and collaboration with local and online distributors to cater the surging need amidst the global pandemic. Industry giants are relying on digital marketing and social media platforms to reach global audience and improve their brand awareness.

Get More Insights on Global Dog Gates, Doors, & Pens Market

In its latest report, FMI provides an incisive coverage on the global dog gates, doors, & pens 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 product (gates, doors, and pens), size (small-sized dogs, medium-sized dogs, large-sized dogs), type (electronic, and non-electronic), sales channel (modern trade, convenience stores, care service centers, car service centers, pet specialty stores, online retail stores, and other sales channel) across seven major regions

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Caps and Closures Market is projected to grow at a 5.6% CAGR through 2031, Exclusive Report By Future Market Insights

As per a recent market analysis by Future Market Insights (FMI), the global caps and closures market is anticipated to reach US$ 81.6 Bn in 2021. With a favorable demand outlook from the food & beverage and pharmaceutical industries, the market is projected to grow at a 5.6% CAGR through 2031.

Caps and closures made from plastic and metal are widely adopted in the packaging industry for closing and sealing a wide range of packaging formats such as bottles, jars, containers, and cartons. Attractive shelf-appeal, user friendly design and easy accessibility are key factors boosting sales of caps and closures.

FMI forecasts sales of caps and closures to gain traction on the back of their predominant use in both industrial and non-industrial sectors. Owing to surging demand, manufacturers operating in the global caps and closures market are offering innovative designs such as child resistant caps to gain a competitive edge in the market.

Growing preference towards lightweight and convenient packaging solutions is further anticipated to provide tailwinds to caps and closures sales. Improvements in formats such as screw closures and tethered caps will continue fostering sales of the same over the forecast period.

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Besides this, consistent development of pharmaceutical products and personal care products is propelling demand for caps and closures. Catering to high demand, manufacturers are investing in strategic collaborations, mergers, and acquisitions to expand their production facilities and product portfolios.

As per FMI’s in-depth regional analysis, the U.S. is anticipated to dominate the North American caps and closures market. Growth can be attributed to the presence of key market players, coupled with increasing per capita expenditure on food & beverages and pharmaceuticals in the country.

“Customized solutions aligned with end-use requirements offered by market players, along with intensive research and development to launch sustainable packaging solutions will continue augmenting the global caps and closures market growth through 2031,” says the FMI analyst.

Key Takeaways:

By product type, the screw closures segment is projected to hold 51% of the total caps and closures sales.
In terms of material type, plastic will emerge as the most-preferred material, growing at a 5.7% CAGR.
By end-use, the food & beverage segment is estimated to remain the major revenue contributor in the global caps and closures market. The segment is projected to offer an incremental opportunity of US$ 35.2 Bn during the assessment period.
The U.S. will continue witnessing high demand for caps and closures, with sales increasing at a 3.5% CAGR through 2031.
Germany will lead the European caps and closures market, holding 16% of the total sales in Europe.
India will emerge as an attractive market, accounting for nearly 23% of the APAC caps and closures market.
The Japanese caps and closures market is projected to grow at a 6.8% CAGR.

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Competitive Landscape

Crown Holdings Inc, BERICAP Holding GmbH, Guala Closures S.p.A, Closure Systems International, Inc are the top players operating in the caps and closures market. Furthermore, Amcor Plc, Silgan Plastic Closure Solutions, Aptar Group, UNITED CAPS, Nippon Closures Co., Ltd. are also the noticeable players in the caps and closures market. The Tier 3 players in the market hold 85-95% in the global caps and closures market. In conclusion, key players contribute almost 05-15% of the global market. For instance in 2021, Berry Global Inc. one of the leading packaging and caps and closure manufacturer has introduced lightweight plastic caps through the reduction in overall plastic usage.

More Insights into the Global Caps and Closures Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global caps and closures market, analyzing historical demand from 2015-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the caps and closures market on the basis of product (screw closures, snap closures, push-pull closures, tethered caps and others), production process (injection molding, compression molding and others (blow molding, and more), material (plastic, metal, aluminium and others) and end use (food & beverage, consumer goods, personal and homecare, pharmaceuticals and others) across five regions.

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About Future Market Insights (FMI)

Oral Care Market is expected to rise a register growth at a CAGR 5.6% during the forecast period 2021-2031

Personal care and hygiene has taken vital importance in the lives of consumers. Proper oral appearance has become important attribute to gain hygienic lifestyle. Future Market Insights (FMI) identifies this as a key trend enabling growth in the oral care market. According to a report by FMI, the oral care market is expected to rise a register growth at a CAGR 5.6% during the forecast period 2021-2031.

The increase in number of cases in dental caries, periodontal diseases, and others has boosted the demand of oral care products. The rising awareness of oral hygiene, government expenditure on dental healthcare, and increasing number of small/private of clinic. are some of the factors accelerating the growth of the oral care market.

Convenience and comfort are the two pillars supporting rising demand for oral care products. Organic and herbal toothpaste are highly preferred due to their benefits quotient. No added flavours, no chemical used, and easy cleaning have augmented the sales of oral care product in recent times.

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Key Takeaways from Oral Care Market Study

Global sales of oral care are expected to top US$ 96.1 Bn in 2031
Rising expenditure on health and wellness will enable the U.S. account for over 88% of sales in North America
The U.K. will register 2.4% y-o-y growth in 2021, after a year of unimpressive growth in 2020
The market in Germany is set to witness a CAGR of more than 6% through 2031
Sales of oral care across Japan are slated to expand considerably from 2021 to 2031.

“Standards of oral care and beauty amongst men and women and inclination has greatly evolved. As a result the market players are focusing on introducing advanced products or expanding the presence of their brand across geographies, enabling growth in the oral care market.” says the FMI analyst

Increasing Sales of Electric Toothbrush

The oral care market is categorised into toothbrush, toothpaste, mouthwash, dental floss, denture care, and others in terms of product. The toothbrush segment of oral care market further segmented into two parts which includes manual toothbrush and electric toothbrush.

The toothbrush segment is expected to register the significant growth during the forecast period 2021-2031 with a CAGR of 5.9% due the growing prevalence of electric toothbrush and its technological innovations along with the growing awareness about the oral health and hygiene amongst the population.

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Impact of COVID-19 & 2020 Market Analysis

The current pandemic outbreak has imposed numerous challenges on the part of supply side and demand side. The temporary regulation imposed by regional governments to restrict the movement has impacted supply chains drastically. Besides this, the specular shift from discretionary spending to essential goods has further negatively impacted the market growth. Besides this, the change in consumer buying habits has encouraged a shift from store based retailing to online retailing facilitating a wider market reach. However, the market is currently entering into reviving phase across different regions, which is further an indicator that points out towards new opportunities amid economic slowdown.

Who is winning?

Future Market Insight (FMI)’s report offers insights into the competitive situation in the oral care market. Some key players in the global oral care market includes Colgate-Palmolive Company, Procter & Gamble Co., Unilever Group, Koninklijke Philips N.V., Johnson & Johnson Limited, GlaxoSmithKline PLC, Amway, Dabur, Splat Global UK Ltd., Kewalraj & Co., Dentaid, Brush with Bamboo,Condor, The Gillette Company, Yangzhou Shuguang Toothbrush Factory, Natusana, Drogasil S.A., G.Barbosa, Royal Brushes Private Limited, and Alsha Hotel Supplies Pvt. Ltd. and others.

The players are aggressively investing to encourage and promote product development with an aim to gain a competitive advantage. They are entering into strategic alliances with others to build and strengthen in house resources and expertise. Colgate-Palmolive Company, Procter & Gamble Co., Unilever Group, Johnson & Johnson Limited, GlaxoSmithKline PLC are amongst the leading brands operating in the market.

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Get Valuable Insights into Oral Care Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global oral care market, presenting historical demand data (2016-2031) and forecast statistics for the period from 2021-2031. The oral care market study uncovers convincing bits of knowledge based on product type (toothbrush, toothpaste, mouthwash, dental floss, denture care, and others), age group (kids, adults and geriatric), price range {high (us$ 100 – 250), medium (us$ 20 – 100), low (below us$ 20)}, and sales channel (hypermarkets/supermarkets, specialty stores, drug stores & pharmacies, convenience stores, online retailers, other sales channel across each of the seven regional areas.

2-Methylfuran Market Impacted by COVID-19, Market to Remain Dormant in Near Term, Projects FMI 2016-2026

The global pharmaceuticals market is expected to increase at a CAGR of over 4-5% during forecast period. 2-Methylfuran is expected to gain traction in the near future as it is primarily used in pharmaceuticals industry. It is a light yellowish green volatile organic compound with an ethereal odor and is also known as sylvan. 2-Methylfuran changes its shading to black or yellow when exposed to sunlight. It is highly flammable and hence is stored in a ventilated, cool dry place far from heat & fire.

2-Methylfuran is widely used in manufacturing of drugs like atropine, sodium acetate, furadantine, anisodamine and thiamine furan. In pharmaceuticals industry, synthesis of vitamin B1 is done using 2-Methylfuran. It is less dense than water but its vapors are heavier when contrastedwith air. 2-Methylfuran also finds application as a tool for screening of lung cancer and production of anti-malarial drug like chloroquine. It is also used to produce methyl furfural, aliphatic compounds and sulfur and nitrogen heterocycles. Moreover, 2-Methylfuran is also used for making pesticides, flavors or fragrances and has narcotic effect. Hence, the global 2-Methylfuran market is expected to grow at a moderate CAGR during the forecast period.

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Global 2-Methylfuran Market: Region wise Outlook

North America is expected to be the most dominant region in global 2-Methylfuran market. Asia Pacific is anticipated to be the most promising revenue generating region for 2-Methylfuran and is expected to grow at significant rate. Due to availability of labor and low cost of raw material, China is projected to be one of the highest revenue generating country in Asia Pacific region in 2-Methylfuran market. Middle East & Africa and Latin America are also expected to show positive growth in the near future.

Global 2-Methylfuran Market: Key Players

Some of the major key players identified in the global 2-Methylfuran market are as follows:

Capot Chemical Co. Ltd.
Angene Chemical
A&J Pharmtech Co. Ltd.
Sigma-Aldrich
Finetech Industry Ltd.
ChemExper Inc.
MP Biomedicals, LLC.
Amadis Chemical Co. Ltd.
AN PharmaTech Co. Ltd.
Tractus Company Ltd.
Haihang Industry Co. Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

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2 Methylfuran Market Segmentation

The global 2-Methylfuran market can be segmented on the basis of applications and regions

On the basis of applications, the global 2-Methylfuran market is segmented into

pharmaceuticals
agricultural
chemical industry

On the basis of regions, the global 2-Methylfuran market can be segmented into

North America
Western Europe
Middle East and Africa
Latin America
Asia Pacific
Japan
Eastern Europe

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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