Market Research Blog – Page 1684 – New Product Development

Laparoscopic Device Market Expected to Reach USD 20.5 Billion by 2034 at a 4.2% of CAGR

The global laparoscopic device market is on track to achieve a valuation of USD 13.59 billion in 2024, with projections indicating a growth trajectory that will see the market exceed USD 20.5 billion by 2034. This expansion represents a compound annual growth rate (CAGR) of 4.2% over the forecast period.

The anticipated growth in the laparoscopic device market is largely attributed to the increasing prevalence of obesity across all age groups, which is driving demand for minimally invasive surgical options. Laparoscopic procedures offer significant advantages, including reduced recovery times and fewer complications, making them an attractive option for both patients and healthcare providers.

Despite the positive market outlook, companies are actively employing various strategies to address supply chain disruptions that have impacted the industry. These efforts are essential to maintaining steady growth and meeting the rising demand for laparoscopic devices.

To lessen the effects of continuous supply chain interruptions, industry participants are actively utilizing a variety of strategies. In order to fulfill the increasing demand, it is imperative that a consistent supply of laparoscopic instruments be maintained. It is anticipated that developments in supply chain management and strategic alliances would be crucial to maintaining market stability and expansion.

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The market for laparoscopic devices is anticipated to expand at a 5.8% compound annual growth rate (CAGR) from US$ 12.3 billion in 2022 to US$ 18.4 billion by 2029.

Over the next ten years, there is expected to be a significant growth in the laparoscopic devices industry. due to the quick rise in the demand for minimally invasive surgical treatments as well as the growing potential for use in colorectal and bariatric surgery.

According to the report, the laparoscopic devices market is anticipated to grow over the coming years due to a combination of increased foreign direct investment (FDI) in developing countries and marketing and promotional initiatives.

Key Takeaways :

Steady demand growth is observed for bariatric surgery, in line with the expanding obese population coupled with wide-scale adoption rate of minimally invasive techniques. Sales of laparoscopic devices for bariatric surgery will surpassing that for colorectal surgery towards the end of projection period.

Sales of laparoscopic devices will be higher in North American countries. The availability of skilled surgeons and several advantages of minimally invasive surgery over open surgery are few factors driving the market of laparoscopy devices.

The key players in the laparoscopic devices market are focusing on technologically advanced surgical systems with improved dexterity, ergonomics, and visual enhancements that provide advantages to surgeons and minimize the risk for patients while undergoing laparoscopic procedures.

Increasing consumer base along with modern amenities in the healthcare sector is expected to drive sales of laparoscopic devices in developing regions.

Rising private and foreign investments in the laparoscopic devices market and adoption of subscription commerce marketing model by market players are anticipated to shape the overall laparoscopic devices market.

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Key Companies Profiled :

Olympus Corporation

Braun Melsungen AG

Intuitive Surgical Inc.

Medtronic plc.

Stryker Corporation

Smith & Nephew Plc

CareFusion Corporation

Ethicon US, LLC

KARL STORZ GmbH & Co. KG

Richard Wolf GmbH

Endocontrol SA

Tekno-Medical Optik Surgery GmbH

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Laparoscopic devices market by Category :

By Product:

Direct Energy System Devices
Trocars/Access Device
Internal Closure Devices
Laparoscopes
Hand Access Instruments
Insufflation Devices
Robotic Assisted Surgical System

By Therapeutic Application:

Bariatric Surgery
Colorectal Surgery
General Surgery
Gynecological Surgery
Urological Surgery

By End User:

Hospitals
Ambulatory Surgical Centers
Clinics

By Region:

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

About Future Market Insights (FMI)

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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AS-Interface Market Set to Reach $2.5 Billion by 2032 with a 6.5% CAGR Growth

The AS-interface market sector is predicted to grow rapidly, with a value of $2.5 billion by 2032. It is expected to grow at a CAGR of 6.5% from 2022 to 2032. In 2022, the market is expected to be worth $1.1 billion.

Changing market trends are driving up the demand for actuator sensor (AS) interfaces in a variety of applications, including warehouse management and robotics. This tendency is predicted to speed both industry and market growth in the near future. AS-interface cables are replacing electric cables in the automation sector for connecting various I/O field devices such as gauges, valves, and actuators.

Area bridge, an industrial computer system protocol developed for optimal communication between sensors and actuators, is used by automation equipment makers. AS-interface also works with high-level field bus networks including DeviceNet, industrial Ethernet, Interbus, and Profibus.

It speeds up communication between sensors, controllers, and actuators. Because of its ease of use, variety, interoperability, and high efficiency, the AS-interface is widely employed by automation manufacturers all over the world.

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Because of the ease, speed, and small number of cables required for system installation, the global market for AS-interface is predicted to grow. Its application in workplace safety and the rapid expansion of automated processes would further increase demand.

The widespread adoption of industry 4.0 and the internet of things (IoT) across numerous industries is also fueling market expansion. They are used to enhance material flow and discover problems at an early stage in the product’s life cycle.

Government funding for factory automation is expected to promote use and development of AS-interface products even more. In comparison to wired devices, these are designed to assure safe data transfer and electricity.

Key Takeaways from AS-Interface Market Study

The global AS-interface market exhibited a CAGR of about 4.0% from 2017 to 2021.
Europe AS-interface market is projected to exhibit a CAGR of 40.2% in the next ten years.
The USA AS-interface market is expected to be worth US$ 417.3 million by 2032.
The United Kingdom AS-interface market is set to be worth US$ 152.5 million by 2032.
Based on application, the drive control segment is likely to surge at 6.1% CAGR from 2022 to 2032.

“In recent years, the automotive industry has been at the vanguard of implementing AS-interface technology. Process automation is being used more and more in the process industry, which is causing the market to expand.” – Says a lead analyst.

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Competitive Landscape: AS-Interface Market

Top AS-interface solution suppliers are putting a lot of effort into standing out from the competition by providing top-notch customer support and service. This might help improve client loyalty and satisfaction. It might also result in repeat business and positive word-of-mouth referrals.

A few local AS-interface solution suppliers might spend money on marketing and promotion to build their brands and draw in new clients. It would encompass print media, trade exhibitions, online advertising, and other outlets.

For instance,

In September 2021, Bihl+Wiedermann launched its new ASi-5/ASi-3 Gateways with high power needs for multiple nodes. Applications for industry 4.0 and the internet of things (IoT) receive data directly from the field level. The web server, among other things, offers quick system diagnostics and remote maintenance. Updates to the firmware and security are installed securely, and new features become accessible right away. Every new power supply has been thoroughly tested and optimized for usage with ASi-5/ASi-3 gateways.

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Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the AS-interface market, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.

The study reveals extensive growth in the AS-interface market in terms of component (AS-I gateway/master, AS-I power supply, AS-I slave, AS-I cable), application (material handling, drive control, building automation), and region.

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AS-Interface Market Outlook by Category

By Component:

AS-I Gateway/Master
AS-I Power Supply
AS-I Slave
AS-I Cable

By Application:

Material Handling
Drive Control
Building Automation

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Maternity Innerwear Market is projected USD7.1 Billion by 2033 | Report By FMI

The world of maternity photography is experiencing a revolution, and at the heart of it lies a secret weapon: maternity innerwear. This market, projected to reach a staggering US$ 7,123.1 million by 2033, presents a golden opportunity for decision-makers in the industry. Here’s why you should take notice:

The Maternity Photoshoot Powerhouse: Maternity photoshoots are a cherished tradition, capturing the beauty of pregnancy. Maternity innerwear plays a pivotal role in ensuring comfort, support, and a picture-perfect look. By offering stylish designs and supportive features, you empower expectant mothers to feel confident and embrace their changing bodies in every photo.
Comfort Meets Confidence: Pregnancy brings undeniable physical changes. Maternity innerwear, designed with adjustable straps, wider bands, and breathable fabrics, provides essential comfort and support. This translates to a flattering fit, allowing mothers-to-be to showcase their beauty and confidence during photoshoots.

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Versatility is Key: Maternity photoshoots often involve multiple outfit changes. Versatility is key, and your innerwear should seamlessly adapt to different looks. By offering a range of styles, you cater to this need and contribute to the visual appeal of the photoshoot.
E-commerce Boom: Expanding Accessibility: Gone are the days of limited options. The rise of e-commerce platforms has revolutionized accessibility. Expectant mothers can now browse a vast selection of maternity innerwear brands, compare prices, and find the perfect fit – all from the comfort of their homes.
Celebrating Body Positivity: Today’s focus on self-care and body positivity extends to pregnancy. Maternity innerwear empowers women to embrace their changing bodies. By offering products that enhance comfort and confidence, you contribute to a positive and celebratory experience during maternity photoshoots.

The maternity innerwear market is more than just undergarments – it’s about empowering mothers-to-be and creating lasting memories. By prioritizing comfort, style, and accessibility, you can unlock a world of opportunity in this booming market. Embrace the power of maternity innerwear and be a part of this beautiful journey.

According to FMI, maternity outerwear gear is anticipated to become the most appealing product type category, making up almost 76.2 percent of total sales in 2021. The growth of the category is being aided by the rising demand for fashionable outerwear items including jeans, skirts, shirts, dresses, and tunics that are sold under various brands.

Key Trends Driving Maternity Apparel Market Expansion:

Rising disposable incomes and increasing awareness of maternal health: Greater financial security and a focus on prenatal well-being are leading expectant mothers to invest more in their wardrobes.
Shifting fashion preferences: Consumers are embracing comfort and inclusivity, driving demand for maternity apparel that is both stylish and functional.
Growing online retail market: The convenience and wide selection offered by online platforms are attracting more expectant mothers, boosting market accessibility.
Emergence of sustainable and ethical brands: Eco-conscious consumers are seeking maternity clothing made from recycled materials and produced under fair labor practices.
Expansion into new markets: Emerging economies with rising birth rates and growing middle classes present significant growth opportunities for maternity apparel brands.

Opportunities for Market Players:

Develop innovative and functional designs: Cater to the evolving needs and preferences of pregnant women with stylish, comfortable, and adaptable clothing.
Embrace sustainability and ethical practices: Align with consumer values by sourcing eco-friendly materials and implementing fair labor policies.
Expand online presence: Leverage the power of e-commerce to reach a wider audience and offer a seamless shopping experience.
Diversify product offerings: Cater to different price points, styles, and body types to attract a broader customer base.

Competitive Landscape

H & M Hennes & Mauritz AB, Seraphine Ltd, The Gap Inc., are the top three market players, identified by Future Market Insights. They are expected to cumulatively account for nearly 5% to 6% of the total sales in 2021.

Leading manufacturers are focusing on entering into strategic collaborations and partnerships with other players to expand their product portfolio and increase their market share. For instance,

In September 2020, Nike, an American multinational sportswear corporation, announced launching its first-ever active wear collection for pregnant women. The Nike (M) collection range from $45 to $85 online and consists of four products tailored as per the changing women’s bodies before, during, and after pregnancy.
In Oct 2020, Momsoon, a Maternity and Nursing Wear start-up, announced entering into a partnership with a leading clothing brand, Monte Carlo to launch its winter collection maternity wear. As a part of the partnership, Monte Carlo will produce maternity wears designed by Momsoon for online sale channels.

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Some of the key players operating in the market profiled by FMI are:

Adidas AG
ASOS Plc
Brainbees Solutions Pvt. Ltd.
Hanesbrands Inc.
H & M Hennes & Mauritz AB
C. Penney Co. Inc.
Nike Inc.
Seraphine Ltd
The Gap Inc.
Tytex AS

Maternity Apparel Market by Category

By Product Type:

Outerwear
- Tops
- Tunics
- Bottom
- Dresses
- Others
Innerwear
- Lingerie
- Camisoles
- Others
Nightwear

By Material Type:

Cotton
Nylon
Polyester
Synthetic
Spandex
Others

By Price Range:

Below US$ 100
US$ 100 – US$ 200
US$ 200 and Above

By Region:

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

About Future Market Insights (FMI)

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 ~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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Global Packaging Tubes Market Set for Growth with Advances in Bioplastics and Enhanced Shelf Life Solutions

The global packaging tubes market is poised for remarkable growth, estimated at US$ 3.2 billion in 2022 and projected to reach US$ 4.4 billion by 2028, with a robust compound annual growth rate (CAGR) of 5.0% from 2022 to 2028. Future Market Insights (FMI) predicts a comparison and review analysis of market dynamics, highlighting key industry factors and addressing rising environmental concerns and stringent government regulations aimed at minimizing plastic packaging waste.

Key Drivers of Market Growth

Increased Competition and Innovation in Marketing Strategies: The intensifying competition between large multinational brands and local players has spurred innovation in marketing strategies. Pharmaceutical companies increasingly turn to tube packaging solutions to differentiate their products and enhance brand visibility.
Rising Demand for High-Barrier Packaging in Pharmaceuticals: The aging population and the shift from hospital care to home care have fueled the demand for sophisticated and high-barrier packaging solutions for pharmaceutical products. Tube packaging offers excellent protection against moisture, air, and light, ensuring the integrity and efficacy of pharmaceutical formulations.

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Here are some of the key trends in the packaging tubes market:

Increasing demand for sustainable packaging
Growing popularity of e-commerce
Rising demand for food and beverage packaging
Development of new materials for packaging tubes

The packaging tubes market is a fragmented market with a large number of small and medium-sized players. The key players in the market are focusing on strategic partnerships and acquisitions to expand their product portfolio and geographical reach.

Laminated Tubes Are Most Likely to Outperform Aluminum Tubes in Terms of Adoption & Growth Rate

Immense ease of use, convenience, and portability will collectively enable laminated tubes to witness healthy traction in near future. As consumers are moving away from rigid packaging formats such as plastic and aluminium-based packaging tubes, they are more inclined towards laminated tube packaging, which is expected to push the performance of laminated tubes in the packaging tubes market in next few years. However, the substitutes such as stick packs, pouches, and sachets may limit this growth, with an advantage in terms of price and convenience. Aluminum tubes, though account for the maximum revenue share, are expected to witness a heavy decline in near future.

‘Premium’ Personal & Beauty Care Products Come in Laminated Tubes

Laminated tubes, which were only considered for packaging of hand lotion, toothpaste, and a series of similar products till a decade ago, are increasingly being embraced by a number of beauty and personal care brands. To harness the most of structural, functional, and design flexibility of laminated packaging tubes, brands are using them for packaging almost every beauty and personal care product on retail shelves. ‘Premiumization’ has been a big trend in personal and beauty care industries, which manifests in a wide range of decorating possibilities and a number of material attributes such as texture. Moreover, it also enables manufacturers to include metallics on tubes and closures, and create virtually seamless, 360 degree decorated packaging tubes.

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Technological Intervention to Benefit Laminated Tube Sales

Recently, a beauty care brand introduced a range of products packaged in fully decorated plastic tubes, which are manufactured using the innovative digital print technology in mass scale. The tubes look vibrant and are include seamless structure, tactile embossing, photorealistic images, and cap-to-tube printing. These packaging tubes are likely to attract an exceptionally large female consumer base in near future. Brand owners are foreseen to innovate their existing product offerings with innovative digital print – direct-to-print technology. Also, growing adoption of flexographic printing technology by tube manufacturers is anticipated to contribute to the market growth through 2028.

The shift of a growing number of pharmaceutical players to laminated tube packaging from plastic and Aluminum-based packaging, is conscious and marked, and has been attributed to several noteworthy anti-contamination properties possessed by this packaging tube type. The global market for packaging tubes is witnessing rapid uptake of laminated tubes in the pharmaceutical industry, especially for packaging of OTC products, which is expected to boost the market performance in near future.Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges.

Key Companies Profiled

Albea S.A.
Essel Propack Ltd.
CCL Industries Inc.
Berry Global Inc.
Ctl-Th Packaging SI
Linhardt GmbH & Co. KG
Montebello Packaging
Huhtamaki Oyj
Interapac International Corporation
Plastube Inc.
Pack-Tubes
Perfektup Ambalaj San. Ve Tic. A.S.
Burhani Group of Industries
Tubapack A.S.
Norway Pack A.S.
Alltub Group
Hoffmann Neopac AG
Tubopress Italia SpA
Lajovic Tuba D.O.O.
Pirlo GmbH & Co. KG

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Packaging Tubes Market By Category

By product type:

Laminated Tubes
- Plastic Barrier
- Aluminum Barrier
Aluminum Tubes
Plastic Tubes

By capacity:

Up to 50 ml
51 ml to 100 ml
101 ml to 150 ml
Above 150 ml

By closure type:

Stand-up Caps
Nozzle Caps
Fez Caps
Flip-top Caps
Others

By end use:

Cosmetics
- Hair care
- Skin Care
- Others
Oral Care
Commercial
- Sealants & Adhesives
- Lubricants
- Others
Pharmaceuticals
Home & Personal Care
Food
Others

By region:

North America
Latin America
Western Europe
Eastern Europe
Middle East and Africa (MEA)
Asia Pacific (APAC)

Author:

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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Global Plant-based Butter Market: Comprehensive Segmentation, Applications, and Technology Insights Through 2030

The growing popularity of plant-based butter has led to specialty brands experimenting with new flavors and sources. A new study by Future Market Insights concurs with positive consumer sentiment on plant-based butter, estimating market to grow nearly 7% y-o-y in 2021. Sales of vegan foods and beverages have gone up significantly owing to increased health awareness among consumers, especially in terms of effects from the consumption of animal-based products. The broader gains in the plant-based food category have rubbed off on varied categories, with plant-based butter sales gaining significant traction.

As per the Food Industry Association, around 30% of households are home to vegan, vegetarian, flexitarian, or pescatarian consumers. This trend is creating opportunities for growth for plant-based butter manufacturers. Demand for plant-based butter can also be attributed to the growing consumer preference for clean-label, natural foods, which is pushing dairy producers to develop and launch vegan alternatives.

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Key Takeaways Global plant-based butter market to exhibit CAGR exceeding 7.5% through 2030 Soy-milk based butter held nearly 40% share in 2020 Online retail distribution to register relatively faster growth, aided by benefits in terms of consumer engagement US to remain the largest market, pegging North America to surpass US$ 200 Mn in 2020“The plant-based butter market is a nascent phase and is being increasingly viewed as a high-potential product in the dairy alternative industry, as a healthy alternative to conventional fatty food products, which will aid growth in the market for the foreseeable future,” says a FMI analyst.

Covid-19 Impact AnalysisThe covid-19 pandemic has resulted in substantial changes in the dietary preferences of consumers around the world. Concerns over transmission of the virus through animal based products has aided the adoption of plant-based alternatives.

Also, plant-based butter can be sourced from oat milk, rice milk, corn milk, soy milk, pea milk, almond milk, coconut milk, cashew milk, flax milk, and hemp milk among others, allowing for a wider flavor range. While demand from the food service sector is likely to drop owing to lockdown restrictions, home consumption with sales through online sales is expected to rise.

The prospects of the plant-based butter market has widened since early 2020. As per the Good Food Institute, sales of plant-based foods surpassed that of animal based alternatives since the advent of the crisis, and will continue through the forecast period.

Who is Winning?The plant-based butter market is competitive and characterized by the presence of small and mid-scale players. Leading manufacturers are effectively leveraging demand for natural, clean label products, with the aim of geographic expansion and widening product portfolios for long term growth.

Some of the leading players in the plant-based butter market include Conagra Brands Inc., Upfield Foods, Miyoko’s Creamery, Wayfare Food, Prosperity Organic Food Inc., Lyrical Foods Inc., Califia Farms, Premier Organics, Naturli Foods, Ekogram-the real food, Wildfriend Foods, The J.M. Smuker Co., The Leaviet Corp., Milkadamia, among others.

More Valuable Insights on Plant-based Butter Market

Source

Oat Milk Rice Milk Corn Milk Soy Milk Pea Milk Almond Milk Coconut Milk Cashew Milk Flax Milk Hemp Milk Others

Distribution Channel

B2B Hotels Restaurants Cafes B2C Hypermarket/Supermarket Convenience Stores Specialty Stores Mom and Pop Stores Discount Stores Food & Drink Specialty Stores Independent Small Groceries Online Retail Others

Region

North America (U.S. & Canada) Latin America (Mexico & Rest of LATAM) Europe, Middle East & Africa Asia Pacific (Greater China, South East Asia, Japan, India, South Korea, Australia, New Zealand)

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Frequently Asked Questions

How will the plant-based butter market expand through 2030?
Which is the largest plant-based butter market?
How is COVID-19 impacting the plant-based butter growth projections?
Which are some of the prominent market players?

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Cling Film Market Set to Expand from US$1.3 Billion to US$2.2 Billion by 2033, Driven by Rising Demand for Flexible and Safe Packaging

The global cling film market is anticipated to experience steady growth in the coming years, driven by a multitude of factors. The burgeoning demand for convenient and hygienic food packaging solutions is a primary driver. Busy lifestyles and a heightened focus on food safety are propelling the use of cling film for household food storage and on-the-go consumption.

The global cling film market is poised for significant growth, with its value expected to surge from US$ 1,291.5 million in 2023 to US$ 2,197.6 million by 2033. This substantial increase, driven by a Compound Annual Growth Rate (CAGR) of 5.5%, reflects the growing demand for cling film packaging solutions across various industries.

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Key Factors Driving Growth

Popularity of Cling Film Packaging: The growing popularity of cling film packaging can be attributed to its features such as durability, versatility, and cost-effectiveness. Cling film provides an effective solution for preserving and protecting various products, making it indispensable in industries ranging from food and pharmaceuticals to consumer electronics.
Need for Flexible Packaging Solutions: There is a rising need for flexible packaging solutions globally, driven by factors such as convenience, shelf-life extension, and sustainability. Cling film offers a flexible and adaptable packaging solution that meets these requirements, further fueling its demand.
Demand for Packaged Food Products: The escalating demand for packaged food products, including ready-to-eat meals and dairy items, is driving the growth of the cling film market. With consumers increasingly seeking convenience and hygienic packaging options, cling film emerges as a preferred choice for food preservation and storage.
Expansion of Organized Retail Sector: The robust growth of the organized retail sector, coupled with increasing consumer spending on packaged goods, contributes to the rising demand for cling film. Organized retail outlets prefer cling film for its convenience in packaging and presentation of various products to customers.

Market Trends Shaping Growth

Modified Atmospheric Packaging Technology: The growing demand for modified atmospheric packaging technology for fresh produce food items is driving innovation in cling film solutions. Cling films with enhanced moisture resistance and oxygen barrier properties are increasingly preferred for preserving the freshness and quality of perishable goods.
Development of Bio-based Cling Film Packaging: With a rising focus on sustainability and environmental conservation, there is a growing demand for bio-based cling film packaging solutions. Leading companies are investing in research and development to develop bio-based alternatives to traditional cling films, aligning with regulatory requirements and consumer preferences.
Antimicrobial Cling Film Rolls: The increasing importance of food safety has led to a surge in demand for antimicrobial cling film rolls. These films offer additional protection against microbial contamination, enhancing the safety and shelf-life of packaged food products.

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Trends Shaping the Cling Film Industry:

Modified Atmospheric Packaging (MAP) Technology: Growing demand for MAP technology for fresh produce drives innovation in cling film packaging solutions, enhancing food preservation and shelf life.
Moisture Resistance Requirements: Increased importance of moisture resistance in various industries, including food, pharmaceuticals, and consumer electronics, shapes the development of cling film materials.
Bio-based Packaging Solutions: Development and popularity of bio-based cling film packaging solutions align with rising sustainability concerns and consumer preferences for eco-friendly alternatives.
On-the-Go Food Options: Surging demand for on-the-go and convenient food choices stimulates the growth of cling film packaging, facilitating easy and efficient food storage and transportation.
Antimicrobial Cling Film Rolls: Growing popularity of antimicrobial cling film rolls addresses food safety concerns and enhances hygiene standards in food packaging.

Who is Winning?

Tier 3 players in the cling film market hold 80-90% of the overall value share. Key players contribute up to 20% of the global demand. Capacity expansion and material innovation strategies will remain important in the coming decade.

Berry Global, Intertape Polymer Group, Gruppo Fabbri Vignola S.p.A, Klockner Pentaplast Europe GmbH & Co. KG, Anchor Packaging, Wrapex Limited, and among others are the prominent players in the global cling film market.

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Cling Film Market by Category

By Material type:

Polyethylene
- Low Density Polyethylene (LDPE)
- High Density Polyethylene (HDPE)
- Linear Low Density Polyethylene (LLDPE)
Bi-axially Oriented Polypropylene (BOPP)
Polyvinyl Chloride
Polyvinylidene Chloride
Others

By Thickness:

Up to 9 micron
9 to 12 micron
Above 12 micron

By End Use:

Food
- Meat
- Seafood
- Baked Foods
- Dairy Products
- Fruits & Vegetables
- Ready to Eat Meals
- Others
Healthcare
Consumer Goods
Others

By Region:

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

Author

About Future Market Insights (FMI)

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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Clean Label Pectin Market Anticipated to Expand to USD 221.8 Million by 2033, Maintaining a 6% CAGR

The clean label pectin market was projected to generate US$ 118.89 Million in 2022. The market will grow at a CAGR of 6% from 2023 to 2033, reaching a value of US$ 221.8 Million because of shifting customer preferences for natural ingredients in cuisine.

Plants produce pectin, a soluble fiber material that is found in the cell walls of plants. The main sources of its extraction are citrus fruits, cherries, apricots, apples, oranges, and carrots. Rising concerns about health and increased use of organic, healthy raw materials to produce consumable goods are predicted to boost the industry in the near future. The primary raw materials used to create industrial goods are dried citrus peel and powdered apples, which are offered in white as well as light brown colors.

The market for clean-label pectin is projected to increase as food and beverage manufacturers become more aware of pectin’s numerous advantages, such as its capacity to increase shelf life, reduce cooking times, and enhance texture and color. The sector is growing because consumers prefer natural flavors and plant-based ingredients like pectin derived from fruit versus gelatin made from animals. Pectin suppliers are working to give clean-label ingredients to those who make processed food.

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Pectin is regarded as a safe food product by several federal food agencies. Its chemical composition and usage are governed by several food additive laws. The Scientific Committee for Food has authorized pectin and amidated pectin as acceptable daily intakes in the European Union.

Key Takeaways:

The global clean label pectin market is expected to be valued at US$ 124 Million by 2023
From 2018 to 2022, the market demand expanded at a CAGR of 2.2%
The United States market for clean label pectin is projected to account for about 20.3% of the global market share.
China to experience a 6.5% CAGR and India with a 7.7% CAGR from 2023 to 2033.
By product type, the high methoxyl pectin was estimated to acquire a 54.4% share in 2022.
By source, the pectin sourced from oranges occupied a market share of 60.6%.

“The market for clean label pectin is expected to grow considerably over the forecasted period because of the growing popularity of convenience meals and growing awareness of health issues.” suggests an analyst at FMI.

Competitive Landscape:

Prominent players in the clean-label pectin market are:

Herbstreith & Fox Group
B&V SRL
Naturex S/A
Compania Espanola de Algas Marinas S.A
Cargill Inc.
Kraft Heinz
CP Kelco
E.I DuPont De Nemours and Company
DSM Andre Pectin company limited
Lucid Colloids Ltd.
Silvateam s.p.s

Some key developments:

In March 2022, CP Kelco presented a new set of solutions to aid the advancement of research in the rapidly increasing area of plant-based meat substitutes.
Utilizing cutting-edge techniques, plant-based burger and sausage replacements can resemble eating animal meat. For the purpose of creating plant-based burger as well as sausage substitutes and aiding in the delivery of a meat-like eating experience, the new range of solutions comprises ingredient possibilities that are derived from nature and are cleaner label friendly.

More Valuable Insights Available:

Future Market Insights offers an unbiased analysis of the global clean label pectin market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the clean label pectin market, the market is segmented on the basis of clean label pectin by product (high methoxyl, low methoxyl), source (citrus food, apple, pear, plum, banana, others), application (plant-based products, dairy products, jams, others) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Key Segments:

By Product Type:

High Methoxyl
Low Methoxyl

By Source:

Citrus Food
Apple
Pear
Plum
Banana
Others

By Application:

Plant-Based Products
Dairy Products
Jams
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights (FMI)

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Facial Steamer Market with a projected USD 1,189.40 billion Market Valuation by 2034 | FMI

The global facial steamer market is likely to jump from US$ 448.1 million in 2023 to US$ 1,189.40 billion by 2034. This projected expansion is anticipated to result from a remarkable 9.50% CAGR in the demand for the facial steamer market over the upcoming decade.

Consumers are increasingly looking for ways to achieve salon-quality skincare results at home. Facial steamers are a convenient and affordable way to deep clean and revitalize the skin and are expected to drive the market in the forecast period. Manufacturers are constantly introducing new and innovative facial steamers with features such as aromatherapy, temperature control, and automatic shut-off. These advanced features are making facial steamers more appealing to consumers and are expected to create lucrative opportunities for the market in the forecast period.

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Facial steaming is no longer just a women’s beauty ritual. Men are increasingly using facial steamers to improve their skin health. Portable facial steamers are easy to use and travel with, making them a popular choice for busy consumers. Social media platforms such as Instagram and YouTube are playing a major role in driving the popularity of facial steamers. Influencers are sharing their positive experiences with facial steamers, which is expected to create immense opportunities in the market.

Companies are expanding their presence into new markets in the various regions. Companies are forming strategic partnerships with beauty influencers and retailers to expand their reach and increase brand awareness is expected to drive the market in the forecast period.

Key Takeaways from the Facial Steamer Market

The global Facial Steamer Market is estimated to register a CAGR of 9.50% with a valuation of US$ 1,189.40 billion by 2034.
The United States is anticipated to dominate the global market by registering an 8.40% CAGR during the forecast period.
With 8.80% CAGR, China is significantly driving the global market by 2033.
Japan is anticipated to secure a CAGR of 9.70% in the global market during the forecast period.

Key Players and Strategies for Success in the Facial Steamer Market

In recent years, there has been a surge in investment and collaboration within the industry, with venture capital firms and businesses. These strategic partnerships and financial investments aim to accelerate research and development, scale production, and expand market reach.

Recent Developments

In 2022: Panasonic launched the steamer named Nano Ionic Steamer EH-SA39 that steam is to penetrate deeper into the skin for better hydration.
In 2022: Conair introduced Facial Sauna and Steam included aromatherapy and added features that allow users to add essential oil to their steam for a premium experience.
In 2022, HoMedics launched the Total Facial Care Steamer with Aroma Tray, which features a three-in-one function that can be used for steaming, cleansing, and exfoliating.

Facial Steamer Market Key Players

Beurer GmbH
Secura
Revlon
Belsin Outdoors, LLC
Ivation
Panasonic
Conair
Homedics
Pure Enrichment
BeautyPro

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Key Segments

By Type:

Face Steam Inhaler
Face Steam Aromatherapy
Face steam vaporizer
Hand Held Facial Steamer

By Application:

Beauty parlor
Household/Home use
Salons
Health and Wellness Centres
Spas
Hospitals

By Region:

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

About Future Market Insights (FMI)

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 ~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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Global Pallet Stretch Wrapping Machine Market to Reach $472.2 Million by 2034, Driven by Demand for Enhanced Packaging Efficiency

The global pallet stretch wrapping machine market, valued at USD 366.9 million in 2023, is anticipated to grow at a moderate compound annual growth rate (CAGR) of 2.30% during the forecast period. By 2034, the market is expected to reach a valuation of USD 472.2 million.

Market Overview:

2023 Market Value: USD 366.9 million
2034 Projected Value: USD 472.2 million
CAGR (2023-2034): 2.30%

Demand Analysis:

Pallet stretch wrapping machines are increasingly being utilized by packaging companies due to their numerous advantages:

Product Safety: The primary benefit of pallet stretch wrapping machines is the enhanced protection they offer. These machines use stretch films to create a protective barrier around products, shielding them from moisture, dust, and dirt during transit. This ensures that products remain in optimal condition and visible, without compromising their integrity.
Consistency in Bulk Packaging: Pallet stretch wrapping machines provide high-quality and consistent bulk packaging. Unlike manual or hand wrapping, which can result in variations, automatic and semi-automatic machines ensure that each product is packed uniformly. This consistency is crucial for maintaining product quality and meeting industry standards.

Demand Analysis:

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Market Drivers

Efficiency and Productivity: Pallet stretch wrapping machines significantly enhance the efficiency and productivity of the packaging and shipping process. They can wrap palletized loads quickly and consistently, reducing labor costs and time.
Cost Savings: By automating the wrapping process, companies can achieve substantial cost savings in labor and material expenses. This cost-effectiveness is a significant driver for adopting pallet stretch wrapping machines.
Load Stability and Protection: Pallet stretch wrapping machines ensure that palletized loads are securely wrapped, reducing the risk of damage during transit. This is especially important for industries with fragile or high-value goods.
Consistency and Quality: These machines provide consistent wrapping tension and quality, reducing variations in packaging quality and minimizing product damage.
Customization and Control: Pallet stretch wrapping machines offer flexibility in adjusting wrap patterns, film tension, and other parameters, allowing businesses to tailor their wrapping to specific load requirements.
Safety and Ergonomics: Automating the wrapping process improves workplace safety by reducing the physical strain on workers. It also minimizes the risk of injuries related to manual wrapping.

Competitive Landscape

Leading pallet stretch wrapping machines manufacturers are committed to the research and development of the product and are consistently offering innovative pallet stretch wrapping solutions targeted towards specific end use. Companies operating in the pallet stretch wrapping machines market are aiming at product launches and expansions with other manufacturers.

In February 2021, Robopac S.p.a.’s stretch wrapping and banding machinery obtains customer satisfaction audit recognition by Cerved.
In July 2021, Wulftec International Inc. featured a strapper wrapper combo. It includes a SMART SML-150 semi-automatic low profile turnable stretch wrapper with a VarioaMaster 9440 side seal automatic strapping machine.

The Key Players Are:

Muller Load Containment Solutions
Arpac LLC
Robopac SPA
Phoenix Wrappers, Inc.
Tosa s.r.l.
SIAT S.p.A.
Lantech, Inc.
Webster Griffin Ltd.
Perks Engineering
others

Market Restraints

High Initial Investment: The capital expenditure required to purchase and install pallet stretch wrapping machines can be substantial, making it a significant restraint, especially for smaller businesses.
Maintenance Costs: While automation can reduce labor costs, it also introduces maintenance costs. Pallet stretch wrapping machines need periodic maintenance and repairs, and service contracts can add to operational expenses.
Integration Challenges: Integrating new pallet stretch wrapping machines into existing production lines or warehouses can be complex and require time and resources. Disruptions during this process can impact productivity.
Space Requirements: Pallet stretch wrapping machines typically require a dedicated space within a warehouse or production facility. In situations where space is limited, accommodating these machines can be a challenge.
Skill Requirements: Operating and maintaining pallet stretch wrapping machines often necessitates specialized training, and finding qualified personnel can be a restraint for businesses.
Film Supply and Costs: The cost and availability of wrapping film can fluctuate. Businesses may face challenges in sourcing affordable and high-quality stretch film to use with these machines.
Customization Limitations: While pallet stretch wrapping machines offer flexibility, they may have limitations in accommodating various load sizes, shapes, or packaging requirements. Highly specialized or irregular loads can be challenging to wrap.

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Key Segmentations

By Machine Type

Automatic Pallet Stretch Wrapping Machines

Turntable
Ring
Robotic
Rotary Arm
- Single Arm
- Double Arm

Semi-Automatic Pallet Stretch Wrapping Machines

Turntable
Arm Wrapping

Specialty Pallet Stretch Wrapping Machines

By End Use

Food & Beverage
Pharmaceuticals
Consumer Products
Automotive
Paper
Textile
Construction
Chemical

By Order Type

Customized
Standard

Facial Epilator Market are Anticipated to Climb at a CAGR of 5.10% During the Forecast Period By 2034

The facial epilator market is likely to hold a valuation of US$ 749.20 million by 2034. As of 2024, the market value is US$ 457.20 million. As individuals across the world seek affordable and convenient hair removal solutions, the facial epilator market is expected to expand by 5.10% from 2024 to 2034.

In the past few years, the beauty industry has seen tremendous transitions as people worldwide adapt to at-home beauty routines. With this growing trend and people’s emphasis on self-grooming, many beauty tech products are in the market, like facial epilators. The demand for facial epilators in the general population has been increasing due to the convenience and ease of use they offer consumers without access to sophisticated grooming equipment.

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Facial epilators’ significance has increased in the beauty industry due to their affordability and versatility. Facial epilators are less irritating on the skin than razors, making their adoption very feasible. Women of all ages form an extensive consumer base in the global facial epilators market. As beauty trends amongst men are also gaining prominence, the demand for facial epilators in the male demographic is also growing steadily.

Online retailers have significantly impacted the overall sales of facial epilators in developed and developing countries. Manufacturers and key players in the market relied on these sales channels during the pandemic when the demand for beauty products like facial epilators was at an all-time high. The booming e-commerce sector in India, China, and other countries with dense populations has substantially contributed to the growth of facial epilators in the past few years.

Key Takeaways from the Facial Epilator Market Report:

Females dominate the end-user segment of the global facial epilator market, with an overall revenue share of 47.10%.
Regarding distribution channels, online retailers capture 31.40% of the global facial epilator market revenue.
Spain is the leading market for facial epilators, with a remarkable growth rate of 7.10% from 2024 to 2034.
Spain is followed by Australia (6.80%), India (6.70%), and Singapore (6.20%) in terms of facial epilator market growth.

Competitive Landscape of the Facial Epilator Market:

The facial epilators market is still in its early stages of development, with players comprising renowned companies with a well-established global reach and a devoted consumer base. These companies manufacture erstwhile beauty and cosmetic products that have just ventured into the beauty tech industry. Most people in developing and underdeveloped countries need more information about the benefits of facial epilators. Despite these challenges, companies are exploring new consumer groups in the global marketplace. Braun, Philips, and Panasonic are a few leading brands in the market that offer cutting-edge technology.

Key Players:

Braun
Philips
Tria Beauty
Emjoi
Epilady
Panasonic
Remington
Conair
Wahl
Andis
Olay
Silk’n
Babyliss
Haus Laboratories
Vanity Planet
SmoothSkin

Recent developments:

In April 2023, Emjoi launched its innovative EpiLite 5-in-1 Hair Removal System, featuring various attachments designed for epilating, shaving, and trimming across different body areas.
In February 2023, Braun revealed its Silk-expert Pro 5 IPL epilator, leveraging intense pulsed light (IPL) technology to address permanent hair growth reduction.
In January 2023, Philips announced the launch of the Silk-épil 9 SensEpil epilator, introducing a micro-grip tweezer technology for efficiently removing even the shortest hairs, ensuring a precise and comprehensive grooming experience.

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Key Segmentations:

Based on Types:

Wet skin epilators
Dry skin epilators
Foam epilators
Dual (Wet/Dry epilators)

Based on the Formats:

Corded
Cordless
Rechargeable

Based on the Distribution Channel:

Hypermarket/Supermarket
Convenience Store
Specialty Store
Online Stores
Others (Club Stores)

Based on Region:

North America
Latin America
Europe
Asia Pacific
The Middle East and Africa

About Future Market Insights (FMI)

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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us: