Market Research Blog

Revolutionizing Packaging: Thin-Wall Plastic Containers Projected to Grow at 4.8% CAGR, Catering to Food, Beverage, and Pharma Sectors

The future growth prospects of the thin-wall plastic container market are highly promising, driven by several key factors that indicate sustained expansion. With a projected valuation of US$ 54,315 million by 2034 and a robust CAGR of 4.8% over the forecast period, the market is poised for significant advancement.

One of the primary drivers of this growth is the exponential expansion of the food and beverages sector, where thin-wall plastic containers play a pivotal role in packaging a wide range of products such as foods, snacks, dairy goods, and beverages. Their convenience, versatility, and lightweight nature make them increasingly favored over alternatives.

Moreover, as consumer lifestyles continue to embrace convenience and on-the-go consumption trends, the demand for lightweight and cost-effective packaging solutions like thin-wall plastic containers is expected to escalate further. Their ability to accommodate various product shapes and sizes while remaining economically viable positions them as indispensable assets in the modern packaging landscape, indicating a promising trajectory for future growth in the thin-wall plastic container market.

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Business Growth Opportunities:

Product Diversification: Expand the product line to include thin wall plastic containers catering to specialized industries such as pharmaceuticals, cosmetics, and food packaging. This diversification can capture new market segments and increase revenue streams.
Technology Integration: Invest in advanced manufacturing technologies such as injection molding techniques, automation, and robotics to enhance production efficiency, reduce costs, and improve product quality in the thin wall plastic container market.
Sustainable Packaging Solutions: Develop eco-friendly thin wall plastic containers using recyclable materials and sustainable manufacturing practices. With the growing consumer demand for environmentally friendly products, offering sustainable packaging solutions can attract environmentally conscious customers and differentiate the business from competitors.
Global Market Expansion: Explore international markets and establish strategic partnerships or distribution networks to penetrate new regions. Conduct market research to identify emerging economies with growing demand for thin wall plastic containers and tailor products and marketing strategies to meet local preferences and regulations.
Customization and Personalization: Offer customization options for thin wall plastic containers to meet the unique needs and preferences of different customers. Providing personalized packaging solutions can strengthen customer relationships, foster brand loyalty, and drive repeat business.

Upcoming Industry Trends:

Biodegradable Materials: Increasing adoption of biodegradable materials in thin wall plastic container manufacturing to address environmental concerns and regulatory requirements. Businesses can capitalize on this trend by investing in research and development of biodegradable packaging solutions.
Smart Packaging Technologies: Integration of smart packaging technologies such as RFID tags, QR codes, and sensors to enhance product traceability, security, and consumer engagement. Implementing smart packaging solutions can add value to thin wall plastic containers and meet the evolving needs of tech-savvy consumers.
Single-Use Plastic Regulations: Heightened regulatory scrutiny and consumer awareness regarding single-use plastics are driving the demand for alternative packaging solutions. Businesses in the thin wall plastic container market need to adapt to stricter regulations and consumer preferences by offering sustainable alternatives and reducing environmental impact.
Customization and Personalization: Growing demand for customizable and personalized packaging solutions to cater to diverse consumer preferences and branding requirements. Businesses can leverage digital printing technologies and flexible manufacturing processes to offer personalized thin wall plastic containers tailored to individual customer needs.
E-commerce Packaging Solutions: With the rapid growth of e-commerce, there is a rising demand for efficient and durable packaging solutions for online retail. Thin wall plastic containers that are lightweight, durable, and tamper-resistant are well-suited for e-commerce packaging applications. Businesses can capitalize on this trend by offering innovative packaging solutions tailored to the needs of e-commerce retailers and consumers.

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Key Takeaways from the Global Thin Wall Plastic Container Market

The market is expected to surge at a CAGR of 4.8 % by 2034.
The United States is projected to rise at 3.4% CAGR during the forecast period.
The polypropylene segment is expected to grow at 4.4% CAGR by 2034 based on material type.
By application type, the dairy product segment is estimated to surge at a CAGR of 4.5% by 2034.
Global sales of thin wall plastic containers are estimated to be valued at US$ 35,735 million in 2024.

Key Companies Profiled

Ball Corporation
Double H Plastics, Inc.
ACMEPAK PLASTIC PACKAGING, LTD.
Sem Plastik
RPC Group plc
Mold-Tek Packaging Limited (MTPL)
ENGEL AUSTRIA GmbH
D K Industries
Metro Valves
Insta Polypack
Zhejiang Shenghui Kitchenware Co., Ltd.
Taizhou Kaiji Plastic Mould Co., Ltd.
Guangdong Happy Home Plastic Co., Ltd.
Shantou Gepai Environmental Technology Co., Ltd.
Dongguan Invotive Plastic Products Co., Ltd.
Sunrise Plastics Ltd.
Borouge
SABIC
Exxon Mobil Corporation
The Dow Chemical Company

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Global Thin Wall Plastic Container Market Segmentation by Category

By Product:

Boxes and Bins
Trays
Cups
Lids
Thin Wall Pails
Bowls

By Material:

Polypropylene (PP)
Polystyrene (PS)
Polyethylene (PE)
- High-density Polyethylene (HDPE)
- Low-density Polyethylene (LDPE)
Polyethylene Terephthalate (PET)

By Manufacturing Technology:

Thermoformed
Vacuum Formed Technology
Injection Molded Technology
Others

By Application:

Dairy Products
Frozen Food
Fruits and Vegetables
Bakery and Confectionery
Juices and Soups
Meat, Seafood, and Poultry
Ready-to-eat Meals
Pharmaceuticals
Personal Care and Cosmetics
Paints, Lubricants, and Adhesives

By Region:

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

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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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Composite Cardboard Tubes Market to Reach USD 3.1 Billion by 2033 | FMI

The global composite cardboard tubes market is anticipated to reach a valuation of US$ 1.7 billion In 2023, driven by growing demand for luxury packaging. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 6.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 3.1 billion by 2033.

Core Concepts in the Composite Cardboard Tubes Industry

Market Value in 2023: The composite cardboard tubes market is valued at US$ 1.7 billion in 2023.
CAGR from 2023 to 2033: The market is projected to grow at a 6% CAGR from 2023 to 2033.
Historical Performance: The market expanded at a 5.1% CAGR from 2018 to 2022.
Market Value by 2033: The market is expected to reach US$ 3.1 billion by 2033.
CAGR for the United Kingdom: The United Kingdom is expected to expand at a CAGR of 6.2% over the forecast period.

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Composite cardboard tubes provide an excellent platform for product branding and customization. They can be easily printed, labeled, or decorated with vibrant graphics and designs, enhancing product visibility and brand recognition. Customized composite tubes offer a unique and premium packaging solution that appeals to consumers and positively impacts purchasing decisions. The trend of personalized and branded packaging is gaining momentum, augmenting the growth of the market.

Key Takeaways from the Market Study

Global composite cardboard tubes market was valued at US$ 1.6 billion by 2022-end.

From 2018 to 2022, the market demand expanded at a CAGR of 5.1%.
China is expected to hold a dominant CAGR of 7.5% during the forecast period.
By material type, the corrugated board segment is expected to constitute a CAGR of 5.9% in 2033.
Based on end-user industry, the food & beverage segment is expected to dominate the market with a CAGR of 5.8% in 2033.
From 2023 to 2033, the composite cardboard tubes market is expected to flourish at a CAGR of 6.0%.
By 2033, the market value of composite cardboard tubes is expected to reach US$ 3.1 billion.

Innovative product applications, across the globe is a major factor that is expected to propel the growth of the composite cardboard tubes market in the near future, remarks an FMI analyst.

Competitive Landscape

Prominent players in the Composite Cardboard Tubes market are Ace Paper Tube Corp, Smurfit Kappa Group, Valk Industries, Visican Ltd, Marshall Paper Tube Co., Inc., Chicago Mailing Tube Co., Paper Tubes & Sales, Heartland Products Group, and Darpac P/L, among others.

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Recent Developments

In 2022, Smurfit Kappa Group, a leading provider of paper-based packaging solutions, announced the launch of its innovative composite cardboard tube packaging solution. The company introduced a range of sustainable composite tubes that offer enhanced strength, durability, and protection for a variety of products. The tubes are made from renewable materials and are fully recyclable, aligning with the company’s commitment to sustainability.
In 2021, Corex Honeycomb, a specialist in honeycomb core products, introduced composite cardboard tubes with honeycomb core technology. The technology enhances the strength and rigidity of the tubes while reducing their weight. The lightweight yet robust composite tubes offer excellent protection for products and are particularly suited for applications that require high strength-to-weight ratios.

More Valuable Insights Available

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

To understand opportunities in the composite cardboard tubes market, the market is segmented on the basis of material type (paperboard, and corrugated board), by end-use industry (food & beverages, cosmetics & personal care, and others), and by lid type (ring lid foil assembly, ring pull style, slip lid, and peel-off membrane), across five major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

Key Segments Profiled In The Global Composite Cardboard Tubes Market

By Material Type:

Paperboard
Corrugated Board

By End-use Industry:

Food & Beverages
Cosmetics & Personal Care
Others

By Lid Type:

Ring Lid Foil Assembly
Ring Pull Style
Slip Lid
Peel-off Membrane

By Region:

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

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Rising Demand in Advanced Industries Boosts Global Xenon Gas Market to USD 270.5 million by 2034

The global xenon gas market size is anticipated to reach USD 162.9 million in 2024. The industry is projected to surge at a CAGR of 5.2% during the forecast period from 2024 to 2034. It is likely to attain a value of USD 270.5 million by 2034.

According to Future Market Insights (FMI), growing demand for rare gases across the globe for various applications is bolstering the growth in xenon gas (CAS number : 7440-63-3) industry. Sales are expected to be driven by the expansion of the aerospace and aircraft industry, technological developments, and rising healthcare and research expenditures.

Applications of rare gases, including, xenon gas, is increasing at significant rates in the healthcare industry. As xenon gas is used as a neuroprotective and anesthetic agent, in diagnostics and other, the demand is projected to surge over the forecast period.

Further, xenon gas is used in the treatment of various respiratory illnesses. Also, ongoing research and development in healthcare industry is anticipated to create lucrative growth opportunities for the xenon gas market.

However, there are several health concerns linked with the usage of xenon gas, including nausea, dizziness, vomiting, and even death if swallowed in large doses. Xenon gas has been linked to mental instability and tiredness in rare circumstances. Increasing use of xenon gas as anesthetic has been linked to side effects such as hypertension, nausea, and vomiting.

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Asphyxia can result in nausea and vomiting, as well as prostration and loss of consciousness, convulsions, a profound coma, and death. All these factors are expected to impact the growth of xenon gas market during the forecast period.

Key Takeaways from the Market Study

Xenon gas sales are expected to reach a value of USD 270.5 million by the end of 2034.
By supply mode, the cylinders’ segment is expected to grow at a CAGR 5.0% over the next decade.
In 2022, North America is expected to remain one of the key market for xenon gas, accounting for a share of 31.6%.
Due to satellite propulsion application, the aerospace & aircraft category is estimated be the prominent end users of xenon gas.
China is expected to lead the East Asia xenon gas market over the forecast period of 2024 and 2034.

Competitive Landscape in Xenon Gas Industry

The global xenon gas market is estimated to be a highly concentrated market with a few numbers of industry participants such as Matheson Tri-Gas, Inc., Messer Group GmbH, American Gas Products, Air Liquide, The Linde Group, Air Products & Chemicals, Inc., and Air Water Inc. accounting for a key share. Globally, key market participants are projected to maintain a competitive environment by acquisitions and mergers, collaborations and expansion strategies.

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Key Segments Covered in Xenon Gas Industry Research

By Supply Mode:

Cylinders
Bulk & Micro Bulk
Drum Tanks
On-Site

By End-use Industry:

Healthcare
Aerospace & Aircraft
Automotive &Transportation
Electrical & Electronics
Manufacturing Processes
Construction

By Region:

North America
Latin America
Europe
East Asia
South Asia and Pacific
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 over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Citrus Yogurt Market on Track to Achieve USD 3.4 Billion Globally by 2033, According to FMI

According to a recently published FMI study, the global citrus yogurt market is projected to grow at a CAGR of 4% from 2023-2033, reaching US$ 3,403.0 million. As of 2023, the market is likely to reach a valuation of US$ 2,202 Million.

From 2018 to 2022, market demand for Citrus Yogurt expanded at a 2.0% value CAGR, concluding at US$ 2,117.20 million. The report, published by FMI, predicts that the citrus yogurt market will experience significant growth in the next few years, driven by factors such as increasing consumer demand for healthy and nutritious food, growing popularity of plant-based and non-dairy alternatives, and rising awareness of the health benefits of citrus fruits.

The Asia-Pacific region as the fastest-growing market, with increasing demand for citrus-flavored yogurt products and the availability of a wide range of citrus fruits.

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Key Takeaways from the Market Study

FMI projects the global Citrus Yogurt industry to expand at a 4% value CAGR by 2033
The global Citrus Yogurt market is expected to garner a market value of US$ 3403.0 Million
United States is expected to grow at a CAGR of 4.6% in the assessment period 2023-2033.
U.K. is expected to grow at a CAGR of 5.3% in the assessment period 2023-2033.
The hypermarkets/supermarkets segment is expected to hold the largest market share for Citrus Yogurt in the forecast period 2023-2033.

“The citrus yogurt market is set to experience robust growth due to the rising demand for healthy and nutritious food products. The market players are introducing new and innovative citrus yogurt products to cater to the changing consumer preferences.” says the FMI analyst.

Competitive Landscape

The citrus yogurt industry is highly competitive, with several well-established players and many emerging companies vying for market share. Some key developments are as follows:

In September 2021, the latest news from General Mills Inc. was their announcement of the acquisition of Tyson Foods’ pet treats business, which includes popular brands such as Nudges, True Chews, and Top Chews. This acquisition is part of General Mills’ strategy to expand its pet food business and offer a broader range of pet products to consumers.
In February 2021, Daiya Foods Inc. is that they announced the launch of their new line of dairy-free yogurt alternatives. The new products are made from a blend of coconut cream and pea protein and come in four different flavors: vanilla bean, strawberry, peach, and blueberry.

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Key Segments Profiled in the Citrus Yogurt Market Industry Survey

By Product Type:

Dairy
Non-Dairy

By Form:

Drinkable
Spoonable

By Nature:

Organic
Conventional

By Distribution Channel:

Food Service (HORECA)
Hypermarket/Supermarket
Convenience Store
Food and Drink Speciality Stores
Online Retail
Others

By Region:

North America
Latin America
Europe
Asia Pacific Middle East & Africa

About the Food & Beverages Division at Future Market Insights

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

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Vegan Supplements Market Expected to Surge to USD 14.1 Billion by 2032, According to Future Market Insights

The Vegan Supplements market has experienced a remarkable surge in recent years, driven by a growing global trend towards plant-based diets and increasing awareness of environmental and ethical concerns. These products are designed to provide essential nutrients, vitamins, and minerals without any animal-derived ingredients, catering to the needs of individuals following a vegan lifestyle or those seeking cruelty-free alternatives.

The global vegan supplements market is expected to develop at a CAGR of 11.3% from 2022-2032. It is anticipated to reach a valuation of approximately US$ 14,089.6 Mn by the end of 2032.

The market for vegan supplements is expected to grow at a fast pace from 2022 to 2032 as a result of rising concerns regarding animal health and protection on one side, and rising veganism on the other side. A strict vegetarian diet that forgoes all animal products, including milk, eggs, and meat, is known as a vegan diet. The global acceptance of vegan supplements, which have a high nutritional content, is a consequence of the beverages and food industry’s ongoing transformation.

Vitamins for vegetable lovers are nowadays much more necessary than ever. Consumers’ rising levels of healthy lifestyle consciousness and the rapidly expanding vegetarian population continue to be key drivers. It is founded on component labeling and the promotion of contributions that are high in energy.

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Key Takeaways from the Vegan Supplements Market Study

Approximately 40% of consumers in the U.S. bought vegan products because they believe these products are nutritious.
By form, the powder segment is expected to remain at the forefront by generating the largest vegan supplements market share.
Nearly 75% of German households would want to see more vegetarian goods at supermarkets.
Europe is estimated to drive demand in the vegan supplements market during the forecast period of 2022 to 2032.
The vegan supplements market is expected to reach nearly US$ 4,803.6 Mn by 2022.

“Rising adoption of preventive healthcare practices and increasing prevalence of vitamin deficiencies are expected to bode well for the global vegan supplements market. Manufacturers and retailers are beginning to provide free access to “wellness tools” that would create a user-specific antioxidants list based on their specific requirements and conditions,” says a Future Market Insights analyst.

Competitive Landscape: Vegan Supplements Market

Some of the key players are General Mills Inc., Garden of Life, Danone S.A., PepsiCo Inc. , Blue Diamond Growers Inc, ALOHA, NuGo Nutrition, One Brands, BHU Foods , G&G Foods, Country Life LLC, Wonder Laboratories, Now Health Group Inc., Jarrow Formulas, Kerry Group PLC, Nutritional Growth Solution, and others.

The global vegan supplements industry is moderately competitive and fragmented, with several mid and small-scale businesses. Key players operating in the global market are focusing on continuous product launches and new product developments to stay ahead in competition.

Explore More Valuable Insights on the Vegan Supplements Market

Future Market Insights, in its new report, offers an impartial analysis of the global vegan supplements market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on the form (powder, liquid, capsules & soft gels, tablets, pills, gummies, and bars), based on ingredients (vitamins & minerals, amino acids & proteins, herbal & botanical ingredients, and others), based on health needs (weight loss, sports nutrition, general well-being, immune & digestive health, bone & joint health, heart health, and other specific requirements), based on customer orientation (men, women, senior citizen, and others), and based on sales channel (hypermarkets/supermarkets, pharmacies & drug stores, convenience stores, departmental stores, online retail stores and other sales channel), across seven major regions of the world.

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Vegan Supplements Market Outlook by Category

By Form:

Powder
Liquid
Capsules & Soft Gels
Tablet
Pills
Gummies
Bars

By Ingredients:

Vitamins & Minerals
Amino Acids & Proteins
Herbals & Botanicals
Others

By Health Needs:

Weight Loss
Sports Nutrition
General Well-being
Immune & Digestive Health
Bone & Joint Health
Heart Health
Other Specific Requirements

By Customer Orientation:

Men
Women
Senior Citizen
Others (Kids & Toddlers)

By Sales Channel:

Hypermarkets/Supermarkets
Pharmacies & Drug Stores
Convenience Stores
Departmental Stores
Online Retail Stores
Other Sales Channel

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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Demand for Krypton Gas, in terms of Value, is to Reach USD 306.1 million by 2033, FMI Report

Global demand for energy-efficient buildings is growing, which may surge the sales of krypton gas in the future. The demand for gas is anticipated to increase due to the increasing use of lasers in industries, including semiconductors, medicine, and the military. As an inert gas, Krypton is also crucial to semiconductor excimer lasers.

In 2022, the global krypton gas industry‘s net valuation was around USD 172.2 million. The overall market is anticipated to progress up to USD 306.1 million by 2033, representing a CAGR of 5.4% during this projected period. Furthermore, according to the FMI market survey report, the global krypton gas market grew an average of 10.4% from 2017 to 2022.

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Key Takeaways from the Krypton Gas Market Study Report

The total demand for krypton gas in the United States reached up to US$ 36.1 million in 2022. The country dominated the overall market by holding a revenue share of 20.8% that year.
Krypton gas demand in China is anticipated to expand at an annual growth rate of 6% CAGR throughout the projected period. India is poised to witness an even higher annual growth rate of 6.2% during this period.
According to the supply mode, the cylinder segment dominated the overall market by contributing 45.4% of the revenue share in 2022. Furthermore, the sales in the cylinder segment are expected to hold a CAGR of 5.3% through the forecast years.
Based on application, the window segment contributed 51.2% of the total sales of krypton gas accrued in the year 2022. However, the lighting segment’s overall demand is expected to control over 40% of the market in terms of applications in the coming days.

“Krypton Gas has expanded its horizons beyond prevailing application centers and is now venturing into new market opportunities across more than 30 economies.” Says, Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Competitive Landscape for the Krypton Gas Market Players

Air Products & Chemicals, Matheson Tri-Gas, Inc., BASF, and Air Liquide are some of the leading players in the global krypton gas market. In addition, key corporations operating in the global krypton gas sector focus on nations in North America, Europe, and Asia Pacific.

The global market is quite loosely consolidated by the presence of some of the large krypton gas suppliers. More than 85% of the global market share in the krypton business is held by the top five producers. So, the most popular techniques used by important players in the market are mergers and acquisitions of small players. For example,

In February 2021, Chart Industries invested USD 55 million to acquire the industrial gases division of Cryogenic Gas Technologies.

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Recent Developments by the Krypton Gas Industries

The government in Russia imposed export restrictions on all types of noble gases, including Xenon and Krypton, in June 2022. So, the cost of such gases significantly increased as a result of disrupting the global supply chain. Now to trade in such noble gases on the global gas market, a special state license has been made mandatory.
A Krypton propulsion system was used to launch three new Nano-satellites by the Israel Institute of Technology in March 2021. Such Nano-satellites are needed to carefully place into orbit to track signals coming from Earth and determine the precise positions of ships and planes. Such developments have opened up new opportunities for global krypton suppliers.

Key Segments Covered in Krypton Gas Industry Research

By Supply Mode:

Cylinders
Bulk & Micro Bulk
Drum Tanks
On-Site

By Application:

Lighting
Windows
Lasers
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
Rest of 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 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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The polymer fillers industry share is estimated to capture a valuation of USD 36.2 billion in 2023 and is projected to reach USD 56.2 billion by 2033. The market is registering a CAGR of 4.5% during the forecast period.

How is the Automotive Sector Driving the Global Market?

The automotive sector is significantly driving the global market by increasing the demand for durable, stiff, and strong polymer fillers. The demand for polymer fillers is increasing in the automotive sector for various parts, including engine components, dashboards, fenders, and interior trim.

Manufacturers in the automotive sector develop lightweight vehicles and are rapidly surging the global market. Polymer fillers reduce the weight of automotive components and improve fuel efficiency. These filters reduce maintenance costs and enhance the shelf life of components.

The automotive sector is rapidly growing in developing countries, including China and India. The automotive industry is raising the global market by developing high-strength and fuel-efficient vehicles. These polymer fillers enhance performance and promote sustainability and electrical conductivity.

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How is the Automotive Sector Driving the Global Market?

Key Takeaways:

The polymer fillers market is estimated to capture a valuation of US$ 56.2 billion with a CAGR of 4.5% during the forecast period.
In the historical period, the market secured a valuation of US$ 34.7 billion with a CAGR of 2.4% in 2022.
The United States is leading the global market by registering a share of 9.9% by 2033.
Japan is capturing a significant share of 8.2% of the global market during the forecast period.
With a share of 3.4%, Germany is registering a fueling global market by 2033.

“Surging demand for inorganic polymer fillers such as salts and calcium carbonate, along with growing adoption in the automotive sector will continue augmenting the growth in the market over the forecast period,” Says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Key Players are Upsurging the Global Market

The key players in the global market are developing innovative products by investing in research and development activities. These key players are developing organic materials to improve the quality and performance of polymer fillers and promote sustainability. The key players are adopting various marketing strategies, including mergers, acquisitions, collaborations, partnerships, agreements, and product launches.

The key companies are developing organic and inorganic polymer fillers such as carbon black, talc, silica, and glass fibers. They are producing several types of polymer fillers through new and advanced technologies.

Key Companies Profiled

Imerys
20 Microns Limited
GCR Group
Minerals Technologies Inc.
Quarzwerke GmbH
Hoffman Minerals
Unimin Corporation
Omya AG
Mondo Minerals
LKAB Group

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Recent Developments in the Global Polymer Fillers Market are:

In 2021, Evonik Industries AG announced its acquisition of Porocel Group. This acquisition took place to expand Evonik’s business with the expertise and technology of Porocel Group.
In 2021, Huber Engineered Materials launched its new manufacturing of carbonate production in Georgia. This expansion took due to growing demand by end-use industries, including plastics and coatings in the country.
In 2020, Cabot Corporation launched its new product LITX G700 series. This newly launched series is designed to enhance the safety of car batteries and improve their performance.
In 2020, Minerals Technologies Inc announced its newly launched product named Synthetic Magnesium Hydroxide. It is designed to promote sustainability and alternate option towards traditional flame retardants.

Polymer Fillers Market by Category

By Product Type:

Organic Fillers
- Natural Fibers
- Carbon, Others
Inorganic Fillers
- Oxides
- Hydro-oxides
- Salts, Silicates
- Others

End Use Industry:

Automotive
Building & Construction
Electrical & Electronics
Industrial Products
Packaging
Others

Region:

North America
Europe
Latin America
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 over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Revolutionizing Packaging: Thin-Wall Plastic Containers Projected to Grow at 4.8% CAGR, Catering to Food, Beverage, and Pharma Sectors

Global Composite Cardboard Tubes Market to Reach USD 3.1 Billion by 2033 | FMI

Rising Demand in Advanced Industries Boosts Global Xenon Gas Market to USD 270.5 million by 2034

Demand for Krypton Gas, in terms of Value, is to Reach USD 306.1 million by 2033, FMI Report

Polymer Fillers Market to Reach USD 56.2 billion by 2033

Rising Demand for High-Purity n-Heptane Fuels Market Growth: Projected USD 1,278.47 million Sales in 2033 with 5.6% CAGR