Market Research Blog – Page 1675 – New Product Development

Growth Outlook for Northern-Europe Calcium Sulphate Market: Projected CAGR of 5.3% by 2032

The Northern Europe calcium sulfate market is on track to achieve a valuation of approximately USD 7,234.3 million by 2032, reflecting robust growth driven by increased demand across various applications. Anticipated to progress at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2032, this expansion is fueled by the rising use of calcium sulfate in construction, agriculture, and industrial processes. The market’s growth trajectory highlights a strong and steady increase in the adoption of calcium sulfate, bolstered by its essential role in enhancing soil quality, supporting construction activities, and fulfilling various industrial requirements.

Calcium sulphate has a wide range of commercial and industrial applications due to its excellent physicochemical properties. Calcium sulphate can be used as a soil conditioner for agriculture, as a coating agent for the paper industry, to make paper very shiny, as a desiccant in chemical laboratories, as a coagulant for foods and beverages, and for coloring paints used as a pigment.

Gypsum, the dihydrate form of calcium sulphate, is the most commonly used form and important raw material in the construction industry. It is used to make Portland cement, highly specialized plasters (also known as gypsum plasters) for wall surfaces, wallboard, cement blocks, and mortars. Growing government infrastructure development initiatives in a number of countries are creating new opportunities for gypsum producers to profit from the construction industry.

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Agrochemical demand is increasing to maximize production from available land. The agricultural industry relies heavily on calcium sulphate dihydrate, also known as gypsum. It is a calcium and sulphur source for plant nutrition. Calcium is required for plants to absorb the majority of their nutrients. It also helps to improve the soil structure. It aids in the improvement of flocculation or aggregation. It also increases the water infiltration & prevents waterlogging in soil. Growing demand from the agriculture industry is expected to drive the demand in the forecast period.

“Over the assessment period, sales of calcium sulphate are expected to be driven by the growing construction industry across Northern Europe followed by agrochemicals and paints & coatings,” says an FMI analyst.

Key Takeaways:

The additive segment is projected to hold approximately 58% of the total market share in 2022.
The cement & plaster segment is anticipated to grow at 5.6% CAGR through 2032.
The calcium sulphate market in the U.K. is expected to create an incremental dollar opportunity of USD 453.9 Million in the forecast period.
The technical grade segment is expected to reach about US$5,862.3Mn by end of the forecast period.

Competitive Landscape

Key market participants of the calcium sulphate market elaborated in the report include Saint-Gobain, Solvay SA, Honeywell International Inc., Penta Manufacturing Company, Celtic Chemicals Limited, Miber Mineral Roset, Glentham Life Sciences Limited, Fluorsid, AKO KASEI CO., LTD, JRS Pharma, Macco Organiques, s.r.o., Spectrum Chemical MFG Corp., GFS Chemicals Inc., and others.

Key players are focused on high-growth end-use industries such as construction and infrastructure where calcium sulphate is widely used. These benefits manufacturers in terms of revenue and product portfolio. Leading manufacturers in the market are focusing on high-growth end-use industries to increase annual sales. Great market opportunities are expected from the growth of certain end-use industries such as construction, paints, coatings, and the expansion of infrastructure projects.

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More Insights into the Northern Europe Calcium Sulphate Market Report

In its latest report, FMI offers an unbiased analysis of the Northern Europe calcium sulphate market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on product type (anhydrous & hydrated), by grade (technical, food & pharma), by function (coagulant, thickening agent, excipient, desiccant & additive), by end use (cement & plasters, agrochemicals, paints & coatings, paper, mining, food & beverages, cosmetics & personal care, pharmaceuticals) & by country (Germany, United Kingdom, Ireland, France, Netherlands, Belgium & Rest of Northern Europe).

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Global Floating Covers Market to Reach USD 1.7 Billion by 2033, Growing at a CAGR of 4.9% | FMI

The United States floating covers industry is poised for substantial growth, with a projected valuation of US$ 261.1 million by 2033, showing a steady CAGR of 3.4%. The increasing demand for treated water in the pharmaceutical and beverage sectors, along with the urgent need for demineralized water to support industrial power generation, will drive market expansion. Additionally, the growing requirement for freshwater protection aligns with the rising water usage, presenting new growth opportunities in the country, as highlighted by the University of Michigan’s Center for Sustainable Systems.

The global floating covers market is predicted to register a CAGR of 4.9% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 1.1 billion in 2023 to US$ 1.7 billion by 2033 end.

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The rising traction for floating covers in several application segments due to their flexible and simple design, easy installation, and low maintenance requirement is propelling the market growth. In addition to this, an increase in the utilization of floating covers owing to several benefits, including odor management by preventing stored liquid from being evaporated, diluted, or contaminated, is projected to enhance market growth further over the forecast period.

The growing concern over the protection and maintenance of water bodies like ponds and lakes is also boosting the utilization of floating covers. In line with this, the rising pollution levels in urban cities is projected to have a favorable impact on the demand for floating covers. The wide-scale use of floating covers in farming activities, waste-water treatment units, and water-storing plants across the globe is also anticipated to have a positive influence over the forecast period.

The market outlook of floating covers is projected to enhance owing to robust urbanization and escalating demand for technologically advanced products like reinforced PVC consisting of floating covers. Additionally, stern government policies to protect water bodies from ever-increasing pollution is forecasted to extend profitable avenues for the expansion of floating covers businesses.

Key Market Trends and Highlights:

Superior Material Properties:
- Floating covers made from geomembrane exhibit excellent ultraviolet (UV) resistance and significantly reduced permeability. These properties make them ideal for long-term protection of tank contents against UV rays, snowflakes, and heavy rainfall.
Easy Installation and Retrofits:
- Due to their geosynthetic properties, floating covers can be easily placed over reservoir grounds and retrofitted to existing tanks and lagoons. This versatility helps prevent contamination from debris such as dirt, leaves, and bird droppings, and stops the growth of algae.
Advancements and Innovations:
- Recent advancements in the market include innovations like geomembrane floating covers with outstanding UV resistance and high reduced permeability. These developments are enhancing the performance and durability of floating covers.
Temperature Control Needs:
- The need to control pond water temperatures is driving the demand for floating covers, especially in resource processing and mining projects where evaporation rates and water scarcity are high. Floating geomembrane covers are gaining popularity for their ability to protect water resources in these areas.

Opportunities:

Rising Demand in Resource Processing and Mining:
- The increasing number of resource processing and mining projects in areas with high evaporation rates and water scarcity is expected to drive demand for floating covers. These projects necessitate the protection of water resources, thereby boosting market growth.
Sustainability and Environmental Concerns:
- Growing environmental concerns and the need for sustainable solutions are driving the adoption of floating covers. Their ability to prevent pollution and protect water quality makes them an attractive option for various industries.

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Market Dynamics
The growth of the global floating covers market is attributed to their wide application and use across various domains. Floating covers are used widely across waste water treatment plants for odour control and also to dissuade wildlife from accessing the ponds. Manufacturers of floating covers are eyeing increased applications and end uses for floating covers, such as algae and methane collection, oil and gas frac lagoons, water storage reservoirs, waste lagoons, and evaporation ponds.

Gradually, manufacturers of floating covers are expected to have higher preference for durable and environment-friendly products, which require little to no maintenance. Growth of the floating covers market is also driven by the need to protect water from evaporation and also to prevent the loss of water treatment chemicals such as chlorine etc. A key trend prevailing in the global floating covers market is the use of various plastic resins other than the traditional ones for enhanced mechanical performance of the floating covers.

A number of case shave been reported regarding the degradation of floating covers when exposed to chlorinated water. Hence, development of floating covers with materials that resist such chemical degradations is expected to bring in new opportunities of growth for the global floating covers market. It is anticipated that gradually, all manufacturers of floating covers will prefer products which do not become saturated or degrade in water, thus facilitating growth of the global floating covers market.

Floating Covers: Market Segmentation

By Category

By Material Type:

Linear Low-density Polyethylene (LLDPE)
High-density Polyethylene (HDPE)
Polyvinyl Chloride (PVC)
Polypropylene (PP)
Others

By Application:

Mining Storage Ponds
Agriculture (Slurry, Lagoons)
Waste Water/Liquid Treatment
Food Processing & Brewing
Chemical Treatment
Utilities & Other

By Region:

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

Floating Covers Market : Regional Outlook On the basis of geography, the global floating covers market is segmented into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific. Asia Pacific floating covers market is expected to witness growth at the highest CAGR due to a large number of initiatives by the governmental as well as non-governmental organizations for the conservation as well as treatment of water. North America is expected to follow the Asia Pacific market in terms of growth. The growth of the floating covers market is expected to be high in economies which have high bio gas production plants. Latin America and Middle East & Africa are expected to witness sluggish growth in the global floating covers market during the forecast period.

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Global Polypropylene Market Projected to Grow at a 4.5% CAGR from 2022 to 2030

The polypropylene market is anticipated to experience a robust growth trajectory with a projected 4.5% Compound Annual Growth Rate (CAGR) between 2022 and 2030, driven by increasing demand from various end-use industries and a surge in building and construction activities. This upward trend is expected to propel global polypropylene sales to reach an impressive valuation of USD 117,513.8 million by the year 2030, according to forecasts by Future Market Insights (FMI). The market’s sustained momentum is indicative of the material’s versatile applications and its integral role in meeting the escalating demands of diverse sectors.

Polypropylene demand decline has been more pervasive vis-à-vis its other plastic variants in automotive and this will continue till resumption of manufacturing operations. However, high sales of spun-bound and meltblown polypropylene grades in the production of PPE and masks can offset some of the losses, opines FMI’s new study.

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“The production of polypropylene requires a substantial amount of capital investment. Re-use and recyclability will not only reduce overall investment cost but also substantially reduce carbon emissions” says an FMI analyst.

Key Takeaways of Global Polypropylene Market Study

Polypropylene, being 20%-25% lighter than conventional plastic variants will witness robust demand in lightweight automotive category in the long run
With crude oil prices moving well below the US$ 30 per barrel, low purchase costs of feedstock such as propylene will offer lifelines to polypropylene manufacturers
Innovations in polypropylene packaging solutions continue to offer material savings to manufacturers up to 60%
Superior Fluid Catalytic Cracking (FCC) additives for optimizing feedstock yields of propylene are set to expand profit pools of refineries thus having a positive impact on overall growth of polypropylene market

Competitive Landscape of Polypropylene Market

Borealis, one of the key players has been continuously extending support to all its partners in the polypropylene value chain to make the shift to polypropylene solutions that are viable in sustainable packaging.

Both Sabic and BASF have engineered newer processes to recycle polypropylene from a low-value, low-quality plastic to a pre-consumer plastic that can be effectively used in a number of food packaging applications. BASF has also collaborated with Jaguar to convert plastic waste into high-end automotive parts.

SCG has come out with a technology called as SMX that minimizes the utilization of plastic and paves way for applications in film packaging and chemical drums with more impact resistance and perforation.

Lucrative Market Conditions in China and India Make East Asia a Regional Goliath

East Asia’s prominence in the polypropylene market is likely to continue unabated owing to its fast growing automotive and construction sectors.

Another key factor driving growth of polypropylene market in East Asia is the focus of manufacturers on customization of product portfolio as per specific applications. In East Asia, polypropylene is being prominently used in BOPP film, injection moldings, and Raffia/Thermoforming.

With viral epicenters having shifted to countries such as India, demand for polypropylene grades is robust in packaging and medical applications. Production appetite for bottle caps and closures in medical, hygiene and pharmaceutical applications has led to significant improvements in the demand outlook for East Asia

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Looking for More Information?

A market report on polypropylene published by Future Market Insights brings to the fore a pin-point analysis of the market, and offers comprehensive information with historical demand data for 2015-2021 and forecast statistics for 2022-2030. The study offers insightful information on the global Polypropylene market based on various categories–product grade (HP, RCP, ICP and TPO), and application (BOPP Film, Raffia/Thermoforming, Fibres & Filaments, Spun Bond Non-Wovens, Melt Blown Non-Wovens, Injection Moldings, Blow Moldings, Cast & Water Quenched Film, Cast & Water Quenched Film, Pipe & Sheet, and Transparent TPO). This study highlights the key market players, who are well-known market vendors, and have proven themselves as key shareholders in the global polypropylene market. Some of the market players included in the report are BASF SE, SABIC, Exxon Mobil Corporation, Lotte Chemical, LG Chem, Petro China Company Limited, Rongsheng Petrochemical Co., Ltd., Formosa Plastics Corporation, Japan Polypropylene Corporation, and Braskem, among others.

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Fiber Drums Market to Reach USD 1.80 Billion by 2033, Growing at a CAGR of 5.7%

The United States is poised to maintain its dominant position in the global fiber drum market, with an estimated market size of US$ 239.2 million by the end of the forecast period in 2033, exhibiting a solid compound annual growth rate (CAGR) of 4.2% from 2023 to 2033. This continued leadership is attributed to the country’s thriving chemical sector, which is driving a substantial demand for fiber drum barrels.

Notably, prominent chemical producers like Dow, DuPont, and others have established a strong presence in the United States, further fueling the need for efficient and reliable methods of chemical transportation. The widespread adoption of round fiber drums in the United States and Canada is due to their eco-friendly characteristics and their ability to provide uncontaminated protection for transported goods, including the country’s food products, which are often packed in square or round fiber drums.

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The Global fiber drums market is likely to be worth US$ 1.1 billion in 2023, with a CAGR of 5.7% from 2023 to 2033. The fiber drums industry is expected to reach US$ 1.80 billion by 2033.

Key Market Trends and Highlights:

Environmental Consciousness:
- Growing environmental consciousness among the general public is driving demand for sustainable packaging solutions, influencing the fiber drums market positively. Consumer attitudes toward sustainability have shifted significantly over the last decade, a trend expected to continue.
Durability and Safety:
- Fiber drums offer a lightweight yet durable and secure packaging solution, ensuring the safety of commodities during transportation. This feature is crucial for sectors such as food and agro-allied, pharmaceuticals, and chemicals.
Cost-effectiveness and Corrosion Resistance:
- Fiber drum barrels are more cost-effective and offer better corrosion resistance compared to plastic or steel drums. This makes them an attractive alternative for various industries.
Industry Adoption:
- The food and agro-allied business is expected to grow by 1.6 times, driven by the increasing transportation of food products, ingredients, and flavorings.

Market Dynamics:

Weight Reduction in Bulk Packaging:
- Manufacturers are focusing on reducing the weight and dimensions of packaging to minimize shipping costs. Fiber drums’ lightweight characteristics help reduce transportation costs without compromising packaging quality.
E-commerce Growth:
- The rise of e-commerce and the shift toward online retail are boosting demand for fiber drum packaging, which aligns well with on-demand and small batch production models.
Sustainable Packaging:
- Various industries are adopting sustainable packaging solutions, benefiting the fiber drums market. Legislative standards and environmental consciousness have led to a preference for eco-friendly packaging materials, even for bulk packaging.
Government Initiatives:
- Governments in leading economies such as China, South Korea, and India are implementing initiatives to boost trade volume, which is expected to increase demand for fiber drum barrels.

Opportunities:

Customization for Various Applications:
- Fiber drums can be customized to hold a variety of materials, including liquids. For instance, polyethylene lining is used for semi-liquids, while silicone lining is used for adhesives.
Profit Margin Enhancement:
- Fiber drums are a cost-effective way to ship goods due to the lower cost of high-density paperboard compared to plastic or steel alternatives. Additionally, manufacturing fiber drums with various specifications is simple and cost-efficient.

Regional Assessment:

Asia-Pacific region has the leading fiber drums market share throughout the projection period due to the presence of an increasing number of manufacturing units and emerging economies in countries such as China, India, Australia, and Indonesia.

These are the countries that export packaging materials as well as fiber drum packaging all over the world. Due to low labor costs and the availability of native raw materials in this region, manufacturers prefer this manufacturing unit for the packaging sector.

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Key Takeaways:

From 2023 to 2033, the metal closure category may expand at a CAGR of 5.7% by closure type in the fiber drums market.
The food and agro-allied industry category might develop at a CAGR of 5.9% from 2023 to 2033, according to the end-user segment.
Between 2023 and 2033, China market might expand at a CAGR of 6.8%, reaching US$ 346.8 Million.
By 2033, Japan fiber drums market may have increased at a CAGR of 5.6%, reaching US$ 96.6 million.
By 2033, the United States market is anticipated to record a CAGR of 4.2% and reach US$ 239.2 Million.
By 2033, Canada market can have grown at a CAGR of 4.9%, reaching US$ 92.6 million.
Germany fiber drums market could have expanded at a CAGR of 4.8% by 2033 and may have amounted to US$ 94.5 Million.

Competitive Landscape:

The presence of local players, followed by international firms, has helped to consolidate the fiber drums market, which has contributed significantly to market growth.

A few significant fiber drum manufacturers include Greif Inc., Abzac Corporate, Great Western Container, Fiberstar Drums, Schutz Container Systems, CL Smith, Industrial Container Services, TPL Plastech, Sonoco Product, Three Rivers Packaging, Enviro-Pak, Mauser Group, Orlando Drum & Container, and others.

The key competitors are utilizing a variety of fresh tactics to control the market, such as expansions, acquisitions, and partnerships, which are boosting the demand for fiber drums on a global scale.

Intercontinental Trade of Industrial Products to Boost Demand for Fiber Drums

Growth in demand for fiber drums is expected to result from expanding intercontinental trade. This is likely to boost the demand for shipping and packaging industry, consequently raising the uptake of fiber drums as packaging solution.

Vendors in the fiber drums market have consistently worked on improvement in product design and value creation for end user. Since, global trade of industrial products has also increased three fold during the past decade, it necessitated industries such as bio-chemical manufacturers, food grade ingredient manufacturers, and pharmaceutical companies etc. to use fiber drums to reduce their carbon footprint.

Demand is also anticipated to be driven by the widened use of large, layered fiber drums which ensures increased performance and are also economical in terms of drums made with materials such as metal and plastic. The adequate sealing of these drums with metal makes them an ideal choice for shipping across rough seas. The increasing performance of lightweight bulk containers such as these drums has strengthened the scope of their usage.

“The challenges associated with recyclability of fiber drums is building infrastructure to manage increased recycling and segregation of substrates such as closure lids or polyethylene lining to prevent leakages. Ensuring these steps before recycling the fiber drums would ensure that they never end up in a landfill or dump. This involves strengthening and developing more advanced recycling technologies. A one-time investment in recycling is expected to result in a long-term benefit for vendors in the fiber drums market,” says an FMI analyst.

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Key Segments

By Capacity:

Below 25 Gallons
25-50 Gallons
50-75 Gallons
Above 75 Gallons

By Closure Type:

Metal Closure
Plastic Closure
Fiber/ Cardboard Closure

By End Use:

Chemical Industry
Food & Agro Allied Industry
Pharmaceutical Industry
Building & Construction Industry
Others

By Region:

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

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Precipitated Silica Market Set to Surge to USD 7.6 Billion by 2032, With an Impressive CAGR of Over 8.8%

Precipitated Silica (SiO2) Market Overview

The global precipitated silica market is anticipated to reach a valuation of USD 7.6 billion in 2032, with sales growing at a robust CAGR of 8.8% from 2022 to 2032. Valued at USD 3.2 billion in 2022, the target market is strongly influenced by rising demand for precipitated silica from various industrial verticals including rubber, agrochemicals, and oral care industries during the forecast period. Precipitated silica is a form of synthetic amorphous silicon dioxide that is inert, non-toxic, and chemically balanced which permits the manipulation of its properties to meet the demand for a variety of different sectors. This, in turn, aids the global growth of the market.

An upsurge in automotive production will also aid the growth of the precipitated silica market as the demand for rubber tires will rise with the increase in automotive production. Likewise, the development of the adhesive and sealant sector will bolster the precipitated silica market as it plays an important role as a thickening agent and in improving bond strength. The increasing use of precipitated silica in the cosmetic industry will also augur well for the market. Again, in terms of end-use industries, the cosmetic segment dominates the market with around 21% of the market share. As silica increases the water resistance of creams and lotions. As a result, the growing demand for lotions and creams, and other cosmetic products, propel the demand for precipitated silica.

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Following the high demand for precipitated silica in the cosmetics and automotive sectors, the electronics and agriculture industries also contribute to the growing demand for precipitated silica. Numerous market players are focusing on research efforts regarding the application of precipitated silica in the electronics sector. The low electrical conductivity of precipitated silica makes it a suitable raw material for the electronics industry. Consequently, the electronics sector creates a high demand for the target market and accounts for a share of over 19%. Moreover, the precipitated silica market is significantly influenced by the prevailing green tire trend. The green tire trend is expected to open new revenue streams for the precipitated silica market in the automotive sector. SiO2-based tires offer better road grip, less fuel consumption, and decreases rolling friction. These aspects promote the growth of the precipitated silica market in the upcoming years.

Key Takeaways:

The innovations in applications of carbon black will likely hinder the growth of the precipitated silica market.
North America will dominate the global precipitated silica market with the help of an expanding infrastructure sector.
Japan will emerge as a lucrative pocket for the precipitated silica market owing to the expansion of the male-cosmetic sector.
By application, the rubber segment will demonstrate the highest growth in the precipitated silica market.
Based on the end-use industry, the cosmetic sector will likely dominate the market.

Competitive Landscape

Solvay SA, PPG Industries Inc., W.R. Grace & Co., Tosoh Silica Corporation, and Evonik Industries, among others, are some of the eminent players in the precipitated silica market profiled in the full version of the report.

Significant market players are keen on employing capacity expansion strategies. These businesses also invest in research efforts to produce novel and innovative goods. Many of these participants also engage in partnerships and mergers to enhance their market footprints. For instance, in 2019, Evonik Industries AG launched a new precipitated silica variant, particularly for whitening toothpaste which was later patented by the enterprise.

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More Insights Into Precipitated Silica Market

FMI offers an unbiased analysis of the global precipitated silica market in its latest report, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. This report delivers a complete breakdown of a ten-year sales forecast, market drivers, challenges, trends, and opportunities. For a better understanding of the global market potential, growth, and scope, the market is segmented on the basis of application, end-use, and region.

According to FMI prediction, based on segmentation, the rubber application segment will generate high demand for the precipitated silica market. Due to advantages like better road grip and less rolling friction, precipitated silica observes high demand from the rubber industry. The cosmetics industry will also create ample growth opportunities for the precipitated silica market. Based on region, the precipitated silica market in North America will present substantial growth. Recovering infrastructure development will drive the market forward in North America. Asia Pacific will also emerge as an attractive pocket with Japan offering lucrative opportunities to the market due to its expanding male cosmetics sector. Thus, North America and Japan, in terms of countries, will aid the global growth of the precipitated silica market.

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Global Biostimulants Market Set to Reach USD 9.6 Billion by 2033 with a Robust CAGR of 10.8%

The market is predicted to be worth USD 3.4 billion in 2023 and rise to USD 9.6 billion by 2033. Biostimulants Demand is expected to increase at a CAGR of 10.8% over the projected period.

Due to their numerous potential applications and promising futures, biostimulants are employed in horticulture and agriculture. Growing demand for eco-friendly agricultural solutions in developing nations like China and India opens up a new market opportunity for biostimulants producers.

Since food security and public health are closely related, all parties participating in the agri-food sector have sought to enhance sustainable food production. The largest phytopharmaceutical companies in Asia Pacific and Europe have intensified their production and research activities for natural products.

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Lack of restrictions related to the product’s commercialization may impede the market’s development and expansion during the projection period. Growth is constrained by a lack of confidence in new products, a shortage of information about high-quality products, and a lack of clear regulatory.

In the majority of markets, the data requirements for the product are often obtained from those produced from synthetic substances. Similarly, there are still no well-established endpoints for risk evaluations despite the fact that these products have been used in commerce for years.

Here’s a closer look at some prominent drivers spearheading the biostimulants market growth:

Sustainable Agriculture: Consumers are increasingly demanding eco-friendly food production methods. Biostimulants offer a compelling solution. By promoting plant health and improving nutrient efficiency, they can help farmers reduce their reliance on synthetic fertilizers and pesticides. This not only benefits the environment but also aligns with the growing trend of organic and sustainable farming practices.
Rising Demand for Food Security: With a growing global population, ensuring food security is a major concern. Biostimulants can play a crucial role here. By boosting crop yields and improving plant resilience to harsh environmental conditions like drought or salinity, they can contribute significantly to meeting the world’s food needs.
Focus on Crop Quality: Modern consumers not only want food that’s plentiful, but also food that’s packed with nutrients and flavor. Biostimulants can help achieve this by enhancing the overall quality of crops. They can improve fruit size, sugar content, and even extend shelf life, making agricultural products more appealing to consumers.
Soil Health Concerns: Years of intensive agricultural practices have taken a toll on soil health. Biostimulants can help improve soil structure, increase microbial activity, and enhance nutrient availability. This not only benefits the current crop but also promotes long-term soil health, setting the stage for future agricultural success.

Key Takeaways

By 2033, the US dominates the biostimulants market, with a CAGR of 9.6%.
The market for biostimulants increased at a 10.1% CAGR between 2017 and 2022, citing FMI’s study.
The expansion in China is anticipated to expand at an adequate CAGR of 13.3% by 2033. China’s market is likely to generate a share of US$ 1.1 billion by 2033.
Japan’s market share for biostimulants is 10.8% by 2033, with the value of US$ 490 million.
Between 2023 and 2033, the biostimulants market is likely to increase in South Korea at 11.6% CAGR, respectively.
The expansion in the UK is anticipated to expand at an adequate CAGR of 9.9% by 2033. The UK’s market is expected to generate a share of US$ 476.2 million by 2033.
Based on active ingredients, the acid-based segment is expected to dominate the market with a CAGR of 10.6% by 2033.
The adoption trends of biostimulants are predicted to change due to the rising demand for organic farming. As a result, the market is anticipated to increase positively by 1.09x between 2022 and 2023.

Key Strategies in the Industry

The main factor of the market’s fragmentation is the growth of local players and regional marketplaces in various regions of the world. The two regions with the biggest market activity are North America and Europe.

UPL Limited, Biostadt India Limited, Isagro SPA, Valagro SpA, and Tradecorp International are a few of the leading businesses in the biostimulants market. For the purpose of expanding their businesses, these significant firms invest in new products, product improvement, expansions, and acquisitions.

Recent Developments

A new line of biostimulant solutions based on GoActiv Technology was launched by UPL Australia in June 2021. These products are intended to target particular crop physiological “pain points” or abiotic stresses in fruit and vegetable, vine, and tree crops.
Isagro Group acquired Phoenix Del in 2020 in order to increase the variety of copper-based fungicides and biostimulants it offers. The goal of this acquisition was to advance technology and transform the products in its “BioSolutions” section.

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Key segments

By Active Ingredient:

Acid-Based
Extract-Based
Others (including Microbial Amendment, Trace Minerals, etc.)

By Crop Type:

Row Crops
Fruits & Vegetables
Turfs & Ornamentals
Other Crop Types

By Application:

Foliar
Soil
Seed

By Region:

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

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Digital Textile Printing Market to Reach USD 8,897.3 Million by 2034, Growing at a CAGR of 12.1%

The global Digital Textile Printing Market is anticipated to reach a valuation of US$ 2,989.6 million in 2024, driven by focus on sustainable materials. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 12.1% between 2024 and 2034, and reaching a total valuation of approximately US$ 8,897.3 million by 2034.

Core Concepts

From 2019 to 2023, the market demand expanded at a CAGR of 4.1%.
The market in India is expected to expand at a CAGR of 14.9% through 2034.
By printing process, the direct-to-fabric segment to account for a market share of 47.8% in 2024.
From 2024 to 2034, the digital textile printing market is expected to flourish at a CAGR of 12.1%.
By 2034, the market value of digital textile printing is expected to reach US$ 8,897.3 million.

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Key Market Trends and Highlights:

Ink Formulations:
- Ongoing developments in ink formulations, including water-based, pigment, and dye sublimation inks, are enhancing color vibrancy, durability, and overall print quality, driving market growth.
Industry 4.0 Integration:
- The integration of Industry 4.0 principles, including automation, data exchange, and the Internet of Things (IoT), into digital textile printing processes is improving efficiency, reducing errors, and enabling smarter production workflows.
Collaborations and Innovations:
- Increased collaborations between technology providers, textile manufacturers, and fashion brands are fostering innovation and expanding the application possibilities of digital textile printing.
Direct to Garment Printing:
- Direct to garment printing, a subset of digital textile printing, is gaining popularity, especially in the apparel industry, allowing for high-quality and detailed prints directly onto garments.

Digital Textile Printing Market Key Drivers:

Personalization and Customization:
- Consumers’ increasing demand for personalized and customized products is driving the growth of digital textile printing, which allows for on-demand production of unique and customized designs on textiles.
Technological Advancements:
- Continuous advancements in digital printing technologies, including improved print speeds, better color accuracy, and enhanced resolution, are making digital textile printing more attractive for a wider range of applications.
Quick Prototyping and Short Run Production:
- Digital printing allows for quick prototyping and short-run production, enabling manufacturers to respond more efficiently to market demands and reduce excess inventory.
Fashion Industry Adoption:
- The fashion industry is increasingly adopting digital textile printing for its flexibility, allowing designers to experiment with intricate patterns, designs, and colors without the constraints of traditional printing methods.

Key Trends:

E-commerce and Online Retail:
- The rise of e-commerce platforms and the shift towards online retail create opportunities for digital textile printing, as it aligns well with the requirements of on-demand and small batch production models.
Digitization of Textile Industry:
- The overall digitization of the textile industry, including design processes, supply chain management, and production, is contributing to the growth of digital textile printing.

“The exploration of 3D printing technologies in combination with digital textile printing allow for the creation of innovative, textured fabrics and intricate designs with a three-dimensional aspect,” says Ismail Sutaria (Lead Consultant, Packaging and Materials).

Competitive Landscape

Prominent players in the digital textile printing market are:

Seiko Epson
Mimaki Engineering
Kornit Digital
D. Gen
RolandDG Corporation
Dover Corporation
Konica Minolta
Brother Industries

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Segmentation Analysis of the Digital Textile Printing Market

By Printing Process:

Direct To Garment
Dye Sublimation
Direct To Fabric

By Ink:

Sublimation
Reactive
Acid
Direct Disperse
Pigment

By Substrate:

Digital Cotton Printing
Digital Silk Printing
Digital Rayon Printing
Digital Linen Printing
Digital Polyester Printing
Others

By End Use:

Clothing
Households
Displays
Technical Textiles

By Region:

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

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Membrane Chemicals Market Expected to Surge at 6.1% CAGR, Reaching USD 3.9 Billion by 2033

The membrane chemicals market is on a robust growth trajectory, anticipated to expand from USD 2.2 billion in 2023 to USD 3.9 billion by 2033, reflecting a compound annual growth rate (CAGR) of 6.1% over the forecast period. This growth is driven by increasing demand for advanced filtration solutions across various industries, including water treatment, pharmaceuticals, and food processing. The rising need for efficient separation technologies and the growing emphasis on sustainable practices are expected to propel the adoption of membrane chemicals, contributing to the market’s dynamic expansion in the coming years.

One of the main factors fueling the expansion of the market is the rising demand from end users for water treatment chemicals. Physical purification is more expensive than chemical filtering of water. Advanced technologies like ion exchange, UV filtration, and RO are expensive to implement but occasionally feasible.

The market for membrane chemicals has expanded due to the expansion and growth of the water treatment sector. Increasing extraction, filtering, and distillation demands, in other words, make membrane chemicals an essential component of waste water treatment. The market growth rate is directly impacted by the growing demand for clean water worldwide.

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In the pharmaceutical industry, there is a growing need for high-quality, pure water that is free of hazardous bacteria and germs for applications including equipment cleaning, rinsing, as well as the formation of pharmaceuticals, non-compendia waters, and laboratory waters. The market growth rate is projected to be driven by the expanding usage of RO membrane chemicals in the pharmaceutical industry.

Growing adoption of RO technology for operations in water-intensive businesses. Additionally, businesses are spending a lot of money to create profitable compounds that will stop RO membranes from becoming fouled and treated. It is anticipated that increasing such manufacturer investment and installation would present a huge potential for the expansion of the market.

The largest market for membrane chemicals is in North America, followed by markets in Europe and the Asia Pacific. The primary factor driving the development of membrane separation technology in North America is the expanding use of it in waste water treatment facilities in businesses and governments.

Key Takeaways

The market for membrane chemicals in the United States is anticipated to grow at a CAGR of 6.1% through 2033.
With a CAGR of 5.8%, the United Kingdom membrane chemicals market is expected to grow significantly during the forecast period.
With a CAGR of 5.1% throughout the research period, South Korea is predicted to grow rapidly in the market for membrane chemicals by 2033.
The membrane chemicals market in China is expected to grow at a CAGR of 6.4% over the forecast period.
With a CAGR of 5.4% throughout the research period, the market for membrane chemicals in Japan is anticipated to increase speedily.
The scale inhibitors category of the membrane chemicals market’s product type segment is predicted to develop at a CAGR of 5.8% through 2033.
In the market for membrane chemicals, the waste water treatment section of the end-use category is estimated to showcase a CAGR of 5.4% over the forecast period.

Competitive Landscape

Top manufacturers of membrane chemicals market are Veolia Water Technology, Applied Membranes, Inc., H2O Innovation, Genesys International, Kemira, GE Water & Process Technologies, BWA Water Additives, Nalco, Reverse Osmosis Chemicals International, King Lee Technologies, LennTech BV and others.

These companies have used a variety of tactics to grow their market share for membrane chemicals. To increase their client base and revenue, they have used both organic and inorganic growth techniques, including new product launches, acquisitions, corporate expansions, and collaborations.

Recent Developments

In August 2020, an ultra-compact biological treatment with concentrated technology called EcosimTM was launched by Veolia Water Technology. It provides biological treatment for household wastewater within a range of 50 to 2,000 individual counterparts and is particularly made to satisfy the demands of small to medium-sized hotels, construction sites, and municipal settlements in remote places.
In June 2020, announcing the signing of a strategic partnership with ceramic membrane producer Nanostone Water, Inc., H2O Innovation Inc. reaffirmed its position as the leading water industry integrator of ceramic membrane systems.

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Membrane Chemicals Market Segmentation by Category

Product Type:

Scale Inhibitors
Coagulants & Flocculants
Biocides
PH Adjusters
Dechlorinants
Others

End User:

Waste Water Treatment
Municipal
Power
Food & Beverage
Chemicals
Desalination
Paper & Pulp

Region:

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

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Heavy Duty Bag and Sack Market to Reach USD 18.1 Billion by 2033, Driven by Expanding Industrial Applications and Sustainability Initiatives

The heavy-duty bag and sack market valuation is US$ 12.7 billion in 2023. While in 2022, the market was valued at US$ 12.3 billion . The market is expected to grow at a CAGR of 3.6% from 2023 to 2033. The market size is estimated to reach US$ 18.1 billion by 2033.

Heavy duty bags and sacks are increasingly used in several industries as packaging material. Agriculture, food & beverage, and construction are some of the industries where heavy duty bags and sacks are finding prominence. The shipping industry is another avenue where the market has expanded, as heavy duty bags and sacks are used to secure luggage aboard ships on a regular basis.

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Market Dynamics:

Industrial Expansion:
- The growing demand for heavy duty bags and sacks is closely linked to the expansion of key industries such as agriculture, food & beverage, chemical & fertilizer, and construction. These industries rely on heavy duty bags and sacks for transportation and storage purposes, driving market growth.
International Shipping:
- Heavy duty bags and sacks are increasingly being used in international shipping due to their cost-effectiveness and durability. Shipping companies are favoring these bags as they provide a reliable and economical packaging solution for goods transported by sea.
Material Challenges:
- Plastic is a major material used in heavy duty bags and sacks. However, stringent regulations and growing consumer awareness about sustainability are impacting the use of plastic. The market is witnessing a shift towards more sustainable and recyclable materials.

Long-term Market Analysis:

The heavy duty bag and sack market, valued at USD 12.7 billion in 2023, is expected to maintain a steady CAGR of 3.6% over the forecast period from 2023 to 2033. The expansion of industries such as agriculture, food & beverage, and construction is contributing to the increased demand for heavy duty bags and sacks. Additionally, the use of these products in international shipping provides a new revenue stream for the market.

Key Trends Influencing the Market:

Enhanced Protection:
- Manufacturers are focusing on enhancing the protective features of heavy duty bags and sacks. Innovations such as UV-ray protection and chemical and tear resistance are gaining positive responses, especially from businesses engaged in transport and storage.
Agricultural Demand:
- The rising production of agricultural products like rice and fertilizer is boosting the demand for heavy duty bags and sacks. These products offer a safe and reliable option for storing and transporting agricultural produce.
Water Resistance:
- The construction industry is benefiting from the introduction of water-resistant heavy duty bags and sacks. These bags prevent water seepage into materials like cement, making them ideal for construction applications.
Customization:
- Customization of heavy duty bags and sacks is an emerging trend. Suppliers are offering personalized solutions to meet specific business needs, enhancing the overall value of the product.
Sustainable Materials:
- To combat the negative associations with plastic, manufacturers are increasingly using recyclable materials. This shift towards sustainability is improving the acceptability of heavy duty bags and sacks among eco-conscious consumers.
Paper Alternatives:
- Paper heavy duty bags and sacks are gaining traction as an alternative to plastic. The growing consumer preference for sustainable packaging solutions is expected to drive significant growth in the paper segment.

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Market Companies:

The manufacturers operating in the global heavy-duty bags & sacks market include

Segezha Group LLC,
Mondi Group,
Nihon Matai Co., Ltd.,
Sonoco Products Company,
Berry Global, Inc.,
Al-Tawfiq Company,
Wooderson Packaging Ltd.,
ProAmpac LLC,
MegaSack Corporation and
LC Packaging International BV

Industry Growth Drivers:

Rising Industrialization and Construction Activities:
- The increasing pace of industrialization and growth in construction projects worldwide drive the demand for heavy-duty bags and sacks, particularly for transporting and storing construction materials like cement, sand, and aggregates.
Expanding Agriculture and Agribusiness:
- The agricultural sector’s expansion, along with agribusiness activities, boosts the demand for heavy-duty bags and sacks for the packaging and transportation of bulk commodities such as grains, fertilizers, and animal feed.
Growing Chemical and Petrochemical Industries:
- The chemical and petrochemical sectors, characterized by the need for secure and robust packaging for hazardous materials, contribute to the growth of the heavy-duty bag and sack market as they are essential for the safe transportation of chemicals and petrochemical products.
Increasing Demand in Food Processing and Packaging:
- The food processing industry relies on heavy-duty bags and sacks for the efficient and safe packaging of bulk food products, including flour, sugar, and rice. The demand is driven by the need for durable and protective packaging solutions.
Global Trend Towards Sustainable Packaging:
- The increasing emphasis on sustainable packaging practices and the adoption of environmentally friendly materials contribute to the growth of heavy-duty bags and sacks made from recyclable or biodegradable materials, aligning with the global trend towards sustainability.

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Market by Category:

By Capacity:

Less than 20 kg
20-40 Kg
Above 40 Kg

By Material Type:

Paper
Plastic
- HDPE
- LDPE
- LLDPE
- PP
- Polystyrene
- Others
Jute

By Product Type:

Open Mouth
Pasted Valve
Gusset Bags
Rubble Sacks
Woven Sacks
Trash Sacks

By End Use:

Food
Agriculture
Chemical & Fertilizers
Building & Construction
Automotive
Others

Ring Pull Cap Market Set to Grow from $374.9 Million to $557.1 Million by 2034, Driven by Rising Demand for Beverages and Sustainability Initiatives

According to recent analysis by FMI, the global ring pull cap market is set to experience significant growth, with its valuation reaching USD 374.9 million in 2024. The market is projected to expand at a CAGR of 3.90%, culminating in a valuation of USD 557.1 million by the end of the forecast period.

Market Trends and Opportunities:

Customizable Branding:
- Beverage companies are increasingly using ring pull caps to customize colors, logos, and other branding elements. This customization serves as a valuable marketing tool, helping brands raise recognition and create a memorable consumer experience.
Dominance of Beer:
- Beer is expected to maintain its dominance as an end-use segment during the forecast period. The introduction of new flavors and varieties by beer companies is likely to drive future trends, catering to the growing consumer base.
Design Innovations:
- Manufacturers are investing in enhancing the design of ring pull caps to attract more end-consumers. Innovations such as chrome-plated caps, metal caps with plastic rings to reduce overall weight, and oxygen scavengers that preserve beverages for extended periods are gaining traction in the market.
Aesthetic Enhancements:
- Advanced metal printing techniques like flexo-offset hybrid printing are being used to improve the aesthetics of ring pull caps. These sophisticated printing methods help draw more customers by offering visually appealing packaging solutions.

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Aluminum to Remain the Most Preferred Material; Increasing Demand for Tin-Free Ring Pull Caps to Propel the Market

Ring pull caps made of aluminum are likely to hold a major market share, whereas steel ring pull caps is projected to witness higher growth over the forecast period, primarily driven by the demand of chrome plated steel caps or tin-free caps. The lower price and barrier properties of the aluminum caps are some key factors driving the adoption of aluminum ring pull caps. In terms of end-use, beer industry is expected to witness highest adoption of ring pull caps, creating highest incremental opportunity, followed by soft-drinks.

Manufacturers of functional beverages, fruit juices, ciders, spirits and wines are gradually favoring ring pull caps for the glass bottles owing to rising demand for convenience.

Steel is generally coated with tin for protection from corrosion. Chrome oxide coating is gradually replacing tin coating on the steel, making the tin-free steel highly suitable for adhesion of coating, inks, and paints, further increasing the printability of the ring pull caps. With comparatively lower manufacturing cost, increasing demand for tin-free ring pull caps is likely to push the global market for ring pull caps.

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Increasing Beer Production in APEJ to Open Opportunity Doors for Ring Pull Caps Manufacturers

As per a recently concluded market analyses, developing nations of APEJ and Latin America are expected to present investment opportunities to manufacturers of ring pull caps owing to rapid production of beer over the last decade, in the aforesaid regions. Since 2006, Vietnam has witnessed a growth of more than 200% in the production of beer.

On the other hand, key market players are focusing on expanding their production in APEJ, considering the region produces nearly 1/3 rd of the total beer production, globally. On the other hand, declining beer production in North America, Japan, and some European countries has further impacted the ring pull caps production.

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Design Advancements to Further Fuel Ring Pull Caps Adoption

Advancements in design such as tin free caps and crown type ring pull caps will further contributed to the increasing demand for ring pull caps across the globe. To attract more end-consumers, key market players are making efforts to improve the overall the design of ring pull caps resulting in chrome plated ring pull caps, metal cap with plastic ring to reduce the overall weight of the cap, crown type ring pull cap with ring rigidly attached to the top of the cap, oxygen scavengers for the preservation of the alcoholic beverages for long a time period among others.

Moreover, focus on enhancing other aesthetics is also being considered using advanced metal printing techniques such as flexo-offset hybrid printing, creating more opportunities in the global ring pull caps market. Inefficient designs including diameter and strength of the ring could restrain the growth of ring pull caps market.

Ring Pull Caps Market by Category

By Material:

Aluminum Ring Pull Caps
Steel Ring Pull Caps

By Cap Diameter:

26 mm Ring Pull Caps
Other Sizes

By End-use:

Beer
Soft Drinks
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Middle East and Africa (MEA)
Japan

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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