Market Research Blog – Page 1722 – New Product Development

Automated Cell Culture Systems Market Booming: To Reach USD 20.87 Billion by 2030, to grow at a rate of 8% CAGR | FMI

The science of cultivating cells is getting a major boost! The global automated cell culture systems market is experiencing significant growth, reaching an estimated USD 20.87 billion by 2030. This translates to a remarkable Compound Annual Growth Rate (CAGR) of a healthy 8.4% from a valuation of USD 10.91 billion in 2022.

High-throughput screening technology has turned out to be the need of the hour, especially with large number of biological/chemical compounds being tested to target a particular ailment. As such, leveraging automation and robotics for quick testing of biochemical or biological activities is bound to drive the automated cell culture systems market.

Besides, 3D cell cultures, which were cumbersome and costly earlier, have become feasible, owing to advent of spheroids. Also, they imitate tumors better due to hypoxic core and presence of nutrient gradient.

Researchers in the US and Germany have come up with a protocol to grow 3D cultures of generally used cancer cells to facilitate drug screenings. These factors will continue to put North America and Europe at the top pedestal in the automated cell culture systems market.

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Further, the requirement of cell lines for devising vaccines against COVID-19 infection will augur well for the automated cell culture market despite the pandemic-induced economic downturn.

Automated Cell Culture Systems Market Outlook & Key Findings

Automated cell culture systems market is expected to witness a CAGR of 8% through 2030
Growing applications of cell lines in drug discovery to be a key growth driver
Consumables hold more than 60% of market value owing to ever-increasing research in stem cells and oncology
North America to capture more than 40% of market value and is expected to witness a CAGR of 6% through 2030
Biotech companies to remain prominent end users throughout the forecast period

Key Takeaways from the Automated Cell Culture Systems Market

Consumables are expected to reach US$ 11 Bn by 2030
Academic institutes are expected to take greater interest in research related to cell culture over the forecast period due to increased government funding in developed countries
North America and Europe collectively accounted for more than 60% of market share in 2019
Infinite cell line cultures held close to 75% of market share in 2019

“Advancements in technology, coupled with large-scale applications in cell-based drug delivery and drug discovery, are projected to drive the global automated cell culture systems market” – says the FMI analyst.

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New Product Launches to Remain Key Strategic Focus of Market Players

Players in automated cell culture systems market are focusing on new product launches for expanding their global footprint and strengthening product portfolio.

For instance –

In Jun 2020, faCellitate announced launching “BIOFLOAT”, its very first product to improve 3D cell culture.
In Mar 2020, BioProcess International started implementing single-use miniature bioreactors for supporting intensified cell culture by using functional performance indicators for assessing small-scale model
Corning Incorporated, in Oct 2019, came up with Corning Elplasia Plates and Matrigel for organoid culture. It was an addition to its 3D cell culture portfolio
Ori Biotech has started developing an automated way of manufacturing cell and gene therapies
In May, 2020, Sartorius announced launch of the Incucyte SX5® for live-cell analysis, for live-cell analysis experiments

Automated Cell Culture Systems Market: Competitive Insights

The global automated cell culture systems market is set to expand its scope in the forecast period, stimulated by increasing drug discovery research and diverse applications of cell lines in research purposes. Furthermore, automated cell culture systems are used for experiments in drug discovery research and in cell banking process. In addition, cost effectiveness and rise in alternative methods for traditional cell culture production is augmenting the adoption of automated cell culture systems.

Key market players covered in the market include Thermo Fisher Scientific, Corning Incorporated, Merck KGaA, Lonza, Sartorius AG, Tecan Trading AG, Hamilton Medical AG., Biospherix and Promocell GmbH. Key players integrate their positions through acquisitions, mergers and new product launches.

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The study provides compelling insights on automated cell culture systems market on basis of product type (automated cell culture storage equipment, automated cell culture vessels, bioreactors and consumables), cell culture type (finite cell line cultures, infinite cell line cultures), application (drug development, stem cell research, regenerative medicine and cancer research) and end user (biotech companies, research organizations, academic institutes), and across seven major regions.

Author by

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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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Swab and Viral Transport Market is expected to reach a size of USD 15.60 billion, growing at a 5.8% CAGR By 2033 | FMI

The fight against infectious diseases is getting a boost from a crucial tool. The Swab and Viral Transport Market. According to a recent analysis by Future Market Insights (FMI), the global market for these tools is expected to reach a staggering USD 15.6 billion by 2033. This translates to a significant projected growth at a Compound Annual Growth Rate (CAGR) of 5.8%. The market has already reached a value of over USD 8.86 billion in 2023, highlighting the ongoing need for efficient sample collection and transportation.

Due to the COVID-19 outbreak, swabs and viral delivery mediums are in greater demand. Research centers and labs are working harder to develop COVID-19 vaccines, which has enhanced enterprises’ capacity to make goods suitable for viral collection, maintenance, and culture.

Innovative kits with vials, double-ended flocked swabs, pharmaceuticals, and other goods that prevent bacterial or fungal contamination are produced by businesses in the swab and viral transport medium industry. To halt the development of bacterial and fungal flora, they are focusing on developing a better solution formulation. New solutions for viral transport mediums are driving market growth.

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The increase of novel viruses that can infect people and cause a variety of ailments is another factor driving the market’s expansion. Some respiratory viruses are emerging in unanticipated ways as pandemic restrictions loosen, according to a 2021 Nature paper. Respiratory syncytial virus (RSV) infections, which cause 5% of all pediatric fatalities worldwide, started to increase in April 2021. The prevalence of more infectious diseases is anticipated to fuel market expansion due to the growing demand for specimen collection kits and diagnosis.

As the flu season begins, manufacturers are developing viral transmission mediums for diagnostic purposes. Healthcare in Western countries is very concerned about morbidity and mortality caused by influenza. The ability of manufacturers to do research and development is growing as they give swabs and viral transmission mediums. The benefits of Internet pharmacy over hospitals and traditional pharmacies are also beginning to be understood by manufacturers. They are collaborating with reputable e-commerce businesses to expand their sources of income.

Owing to its highly developed medical infrastructure and high frequency of infectious illnesses, North America is predicted to dominate the global market during the forecast period. During the pandemic, North America saw a spike in laboratory testing, which fueled the market expansion. The market is also growing significantly due to the existence of biopharma businesses, a large number of labs, and research studies on viral infection.

Swab and Viral Transport Market Key Takeaways

The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 5.9% through 2033.
The United States is expected to develop at a 6.1% CAGR during the forecast period.
With a CAGR of 4.0% over the forecast period, Canada is predicted to develop promptly in the market.
In China, the market is expected to proliferate, registering a CAGR of 7.7% over the forecast period.
Germany is estimated to grow decently registering a CAGR of 6.7% until 2033.

Swab and Viral Transport Market Competitive Landscape

Top players operating in the swab and viral transport medium market are McKesson Corporation, Cardinal Health Inc., Becton, Dickinson and Company, Thermo Fisher Scientific Inc., Quidel Corporation, COPAN Diagnostics Inc., VIRCELL S.L., Deltalab, Titan Biotech Ltd., Medical Wire & Equipment, and others.

These market players are always inventing and creating new products to suit the various requirements of diagnostic laboratories and research institutions. They are enhancing the design and components used in swabs to enhance their collection efficacy. They are also developing transport mediums that can hold viral specimens for extended periods without compromising their vitality. Additionally, to improve the stability and accuracy of diagnostic samples, they are also combining advanced technologies.

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Swab and Viral Transport Market Recent Developments

In June 2022, the start of long-distance drone deliveries in North Carolina was announced by Zipline and Cardinal Health.
In May 2020, in several pharmacies across the United States, Health Mart® pharmacies announced that they would provide free COVID-19 test collection. Health Mart is dedicated to creating cutting-edge public and private collaborations as a member of the McKesson Corporation to assist address the COVID-19 epidemic.

Other Key Players Operating in the Swab and Viral Transport Market

Thermo Fisher Scientific Inc.,
Quidel Corporation,
COPAN Diagnostics Inc.,
VIRCELL S.L., Deltalab,
Titan Biotech Ltd.,
Medical Wire & Equipment

Swab and Viral Transport Medium Market by Category

By Product:

Viral Transport Medium
- Tissue Culture Medium
- Glycerol Transport Medium
Virus Swabs
- Nasopharyngeal Swabs
- Deep Nasal Swabs
- Combined Nasal & Throat Swabs
- Culture Swabs
- Vaginal Swabs

By Application:

Influenza
Respiratory syncytial virus
Mumps Virus
Adenovirus
Rhinovirus
Herpes Simplex Virus
Varicella-Zoster Virus
Other Indication

By End User:

Hospitals & ASCs
Specialty Clinics
Diagnostic Laboratories
Others

Author

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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Animal Artificial Insemination Market is expected to reach a staggering USD 3.91 Billion by 2033, Propelled by 6.0% CAGR | FMI

The future of livestock breeding is getting smarter! The Animal Artificial Insemination Market is poised for a significant leap, with a projected value of USD 3.91 billion by 2033. This impressive growth, driven by a CAGR of 6.0%, highlights the increasing adoption of AI technology to improve breeding efficiency and genetic traits in animals. According to a recent report by Future Market Insights (FMI), the market has already surpassed USD 2.18 billion in 2023.

One key driver of this growth is the rising initiatives by various governments worldwide to ensure food security, which is expected to sustainably drive demand for artificial insemination in animals. Additionally, the increasing demand for genetically superior quality cattle breeds will have a positive impact on the market. The surge in consumption of animal protein and the rising demand for high-quality milk and dairy products are set to fuel the demand for animal artificial insemination procedures between 2021 and 2031.

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Global meat production has increased in the past several years and is estimated to increase from 218 million tons to 376 million tons by 2030. According to the Organization for Economic Co-operation and Development (OECD), the U.S. meat consumption was on average 35kg per capita in 2020.

There also has been an increase in per capita consumption of milk and milk products. According to the OECD and FAO, in 2020, the global per capita dairy consumption of milk and dairy products was estimated at 113.7 kg. Also, it is estimated that this number is expected to increase by 44% by 2029. The rise in consumption of animal proteins and milk products has made dairy farmers and livestock breeders focus on obtaining genetically better breeds for large-scale production. This also is expected to boost the growth of the Global Animal Artificial Insemination Industry.

Key Takeaways from Animal Artificial Insemination Market Study

Despite restricted growth amid the pandemic crisis, the demand for artificial insemination is expected to witness a small push and thus, is expected to rise nearly 5.4 % CAGR between 2021 and 2031.
Growing awareness regarding animal health and growth in per capita animal expenditure are the key factors attributable to the rising demand for the artificial insemination process.
The U.S. accounted for the largest share of 93% of the North American animal artificial insemination market through the forecast period.
In 2021, Germany led the European animal artificial insemination market, followed by France and the U.K., accounting for more than 20% and 15 % respectively.
China is the fastest-growing market in East Asia, exhibiting a 7.4% CAGR through 2031.

“Research and development initiatives by governments coupled with advancements in biotechnology and animal science will offer lucrative growth opportunities for Global Animal Artificial Insemination Industry,” said a FMI Analyst.

Artificial insemination (AI) in animals has transitioned from being just a novel method to impregnate the female to be an advanced technique used for improving the livestock by protecting it from various infectious diseases.

Greater focus on innovation coupled with advancements in biotechnology to avoid animal diseases is expected to create a favorable platform for the development of artificial insemination products, especially, in high-income economies such as the U.S., U.K. Germany. Artificial insemination (AI), Embryo transfer (ET), in-vitro fertilization (IVF), and somatic cell nuclear transfer are some of the emerging technologies in this space.

Continued investments in research towards genetic improvements could improve the breeding quality of animals using artificial insemination procedures, hence providing opportunities for market growth.

Who is Winning?

The global market is set to expand due to the growing demand for animal services and the rising prevalence of animal diseases. To expand their product offerings, leading players within the market are focused on expanding by pursuing mergers, acquisitions, and collaboration as one of their key growth strategies. Also, this would allow the key players to strengthen their presence in the region as well as global markets.

Some of the leading players in the Global Animal Artificial Insemination Industry include but are not limited to Boehringer Ingelheim, Elanco Animal Health, Zoetis Inc., Merck & Co., Inc., Swine Genetics International, Revival Animal Health Inc., Jorgensen Laboratories Inc., Agtech Inc., ABS Global, Inc., Continental Plastic Corporation, and IMV Technologies.

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The report includes an accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. This ensures that the data collected is from highly reliable sources.

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Animal Artificial Insemination Market by Category

Product Type

Insemination Equipment
- Catheters
- Micromanipulation Pipettes
- Insemination Gun
Artificial Insemination Syringe
Insemination Sheath
Artificial Insemination Applicator
Reagent Media
- Bovine Media
- Equine Media
- IVF Media
Thawer
Accessories
Artificial Insemination Kits
Others
Artificial Insemination Straws

Animal Type

Canine
Feline
Swine
Bovine
Equine
Ruminant

Procedure Type

Semen Collection Procedures
- Artificial Vagina
- Electrostimulation
Insemination Procedures
- Recto Vaginal
- Spectrum
- Vaginal

Author

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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Corneal Ulcer Treatment Market is expected to grow steadily at a 5.7% CAGR and reach USD 1.27 Billion by 2029 | FMI study

There’s good news for eye health! The Corneal Ulcer Treatment Market is experiencing a positive outlook, fueled by growing public awareness and innovative treatment options. A recent analysis by Future Market Insights (FMI) reveals a market valued at USD 867.3 million in 2022, and it’s projected to climb steadily at a CAGR of 5.7% through 2029. This promising trajectory suggests the market will reach an impressive USD 1.27 billion by 2029.

Corneal ulcers, a severe ocular condition with a global impact, significantly threaten vision health. The rising prevalence of corneal ulcers has ignited the development of advanced treatment options, driving the Global Corneal Ulcer Treatment Industry towards unprecedented growth.

“Low-cost drugs being offered by generic drug manufacturers, especially in emerging countries, has substantially lowered treatment cost, and is giving tough competition to key players in the Global Corneal Ulcer Treatment Industry.”

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Key Takeaways of Corneal Ulcer Treatment Market Study

Treatment of broad-spectrum corneal ulcers using antibiotics is expected to gain traction and contribute more than 75% of revenue share during the forecast period.
Growing bacterial keratitis requiring antibiotics for treatment will contribute significantly to the segment’s revenue share.
Eye drops or eye ointments dominate the market by form type, as these are relatively cheaper and do not require another interventional and oral route for drug delivery.
By distribution channel, retail pharmacies are expected to gain more than 50% of the market share during the forecast period.
North America dominates the Global Corneal Ulcer Treatment Industry, while East Asia is expected to offer lucrative growth opportunities, owing to rising healthcare infrastructure and industrialization.

Acquisition – Key Strategy Followed by Leading Manufacturers

Leading manufacturers in the Global Corneal Ulcer Treatment Industry are focusing on geographical expansion as well as increased product offerings through partnerships and acquisitions. To evaluate cost-effective therapy for corneal ulcer treatment, manufacturers are evaluating new drugs via clinical trials For example, in Dec. 2019, Mallinckrodt plc enrolled the first patient in the company’s Phase 4, multi-center, multiple-dose, open-label study to assess the effects of Acthar Gel as a therapy option in patients with severe keratitis.

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Key Segments Covered In Corneal Ulcer Treatment Market Research

By Drug class:

Antibiotics
Antifungals
Antivirals
Corticosteroids
NSAID’s

By Form:

Tablet
Eye Drops/ Ointments
Vials

By Route of Administration:

Oral
Topical
Injectables

By Indication:

Bacterial Keratitis
Fungal Keratitis
Viral Keratitis

Author

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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 is 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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Pharmaceutical Container Market to Reach a Valuation of US$ 172.4 Billion by 2033

The global pharmaceutical container market is likely to be valued at US$ 95.3 billion in 2023. The estimated CAGR of 6.1% from 2023 to 2033 suggests that the global pharmaceutical container market is expected to reach a valuation of US$ 172.4 billion by 2033.

Pharmaceutical companies worldwide are investing extensively to create innovative drugs and medical procedures like biologics, gene therapies, and precision medicines. These medical operations require specialized packaging to ensure the product’s stability and safety of the patient consuming it. These factors have made pharmaceutical containers crucial in the medicare industry, subsequently expanding the market.

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Plastic bottle comprises a significant share of the pharmaceutical container market due to their low cost, durability, and versatility. Plastic bottles are cheaper to produce, easier to replace, and convenient to transport over long distances, hence driving the demand of the pharmaceutical container market. Furthermore, vials ensure precise dosage which helps patients prefer self-administration of the medicine and are without any formal medical training.

Key Takeaways

The biggest advantage of utilizing pharmaceutical containers is the addition of preservatives in any type of container. The addition of preservatives helps in maintaining and increasing the shelf life of the syrup/tablet.
The transportation of medicine also becomes easier, as a result of which, patients across the globe can be treated. These factors have increased the demand for pharmaceutical containers across the world.
Attributing the favorable government initiatives and proactive steps by NGOs and other governmental bodies have encouraged more and more people to start taking their health seriously. The government initiatives include periodic health check-ups. This has ultimately increased the sales of pharmaceutical containers.
Pharmaceutical companies give the freedom of customization as well. The drug company is able to select the shape or size of the container suitable for its medicine, and can accordingly place the order for the required containers. The option of customization has increased the demand for pharmaceutical containers.
In recent times, technological advancements are accelerating and companies are working towards a sustainable future for the coming generations, the main principle behind developing pharmaceutical containers has been 3R, which stands for Reduce, Reuse, and Recycle.
Owing to their manufacturing and formulation design, ampoules and vials can be stored easily due to their crack-resistant covering/shield in which it is stored and transported.
The 3 Rs have significant importance. Reduce means to reduce the presence of non-biodegradable components, and make use of biodegradable components. Reuse means to develop containers in such a manner so that they can be reused and are environmentally friendly as well.
Recycle, as the name implies, if the container is of no use, it should be in a position to be recycled, instead of increasing pollution. Keeping all these things in mind, the sales of pharmaceutical containers would go high, and these containers will be valuable for creating a sustainable environment.
Ayurveda has recently gained immense traction from consumers. It also provides medications along with spiritual calm. If the container manufacturers somehow manage to tap into the ayurveda market, the demand for pharmaceutical containers would certainly boom and they will capture a huge market.

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Competitive Landscape

Some of the key players in the pharmaceutical container market are focusing on collaborations and mergers to get an edge over the global market.

More Insights into the Pharmaceutical Container Market

North American region is anticipated to dominate the global pharmaceutical container market over the assessment period. Being one of the biggest markets for pharmaceutical containers, the North American region accounts for the maximum revenue share.

Europe is expected to create lucrative growth opportunities over the projection period. Being one of the huge markets, European region is anticipated to bode well over the coming decade.

In the coming times, Asia Pacific is predicted to be the fastest growing market. The reason being increasing consumer awareness and initiatives taken by the governments. Apart from that, the increase in the disposable income of the general public would also increase the sales of pharmaceutical containers.

Pharmaceutical Container Market Industry by Category

By Product Type:

Bottles
- Packer Bottles
- Liquid Bottles
Vials & Ampoules
Blisters
Bags & Pouches
Prefilled Syringes & Cartridges
Sachets
Trays
Tubes
Containers, Jars, & Others

By Material Type:

Plastics
- Polyethylene
  - LDPE
  - HDPE
- Polyvinyl Chloride
- Polypropylene
- Polystyrene
- Polyethylene Terephthalate
- Others (Polycarbonate)
Glass
Metals
Paper

By Region:

North America
Latin America
Asia Pacific
Europe
The Middle East and Africa (MEA)

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Steel Containers Market to Increase at a CAGR of 3.0% in the Forecast Period by 2032

The global steel containers market stood at US$ 115.43 Billion in the year 2022 and is expected to reach US$ 155.12 Billion by the year 2032 at a CAGR of 3% between 2022 and 2032.

Stainless steel containers are used to transport, store, and handle a plethora of drinks, food, and various other products. The basic advantage is that they offer resistance to corrosion. Plus, thick wall finish does render steel containers conducive to storage of products like cookies, nuts, pulses, coffee, and tea. They could also be molded into diverse shapes and sizes.

Kegs are generally used to pack spirits and beers. Cans find their applications in carbonated beverages.

The anti-corrosive property of steel fills well with the chemical industry as steel containers could be used in the chemical industries as reactors. These days, the household containers are also preferred being made up of steel. The Asian economies like Japan, China, and India are hubs of chemical industries. As such, the Asia-Pacific is expected to grow inadvertently in the steel containers market in the forecast period.

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The food & beverage vertical also gets fortified by steel due to its chemically inert nature. Usage of steel guarantees retention to the food products in terms of quality and taste. Thus, proper particle isolation ought to take the steel containers market by storm in the upcoming period.

Steel containers are produced from diverse stainless steel grades and also custom—designed to hold, ship, and handle food, beverages, and various other products. Rugged design ensures that they do not develop cracks so easily.

These days, the end-consumers also prefer bathroom accessories like buckets and mugs of steel. There are two advantages offered over here – usage of plastics could be avoided and there won’t be anything to rust. In other words, brass and aluminum buckets are subject to rusting sue to continuous contact with water; but steel is free from all these.

Steel kitchen utensils have replaced the copper, brass, and aluminum utensils since long. Milk products like butter, buttermilk, and milk are always kept in either steel or porcelain containers as it is a known fact that aluminum induces poison to these products.

Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Steel Containers Market’. The indigenous team of analysts and consultants is there with its all-inclusive approach regarding primary, secondary, and tertiary modes of research.

“Anti-corrosive properties of steel are expected to create greater strides for the steel containers market in the near future”, says an analyst from Future Market Insights.

Key Takeaways from Steel Containers Market

North America and Europe are at the matured stage of steel containers market and the scenario is expected to remain the same even in the forecast period.
The Asia-Pacific is expected to grow at a rapid pace in the steel containers market. This could be credited to expansion of food, beverage, and chemical verticals. China is the major producer of steel and would expect to continue with the winning streak even going forward.
Coming to Europe, the western region dominates the market due to growing demand for storage and transportation of goods (that go well with the steel containers due to their durability).

Competitive Analysis

CAN-Pack SA, in July 2020, did announce extension of its partnership with a Poland-based organization for coming up with novel designs for brand inspired by logos of regional breweries, regional malt houses, regional printing houses, and regional barley houses.
Ball Corporation signed a contract with Envases del Plata SA for selling the tinplate steel aerosol packaging capacity at San Luis and Garin (Argentina).
Eagle Stainless is known for providing CTH Series clip down closure containers designed with platinum-cured silicone gasket that makes way for water-/airtight seal.

What does the Report say?

The research study is based on product type (jars, cans, canister, bottles, drums, kegs, and IBC’s), by capacity type (less than 2 liters, 2 – 10 liter, 10 – 20 liters, 20 – 50 liters, 50 – 100 liters, and more than 100 liters), and by end-user (food, dairy products, honey, grains, sugar, tea & coffee, beverage, alcoholic beverages, beers, spirits, non-alcoholic beverages, household, chemicals, and likewise).
Steel containers market is expected to maintain its momentum based on the facts that they are sturdy, anti-corrosive, and simple to handle.

Key Segments Profiled in the Steel Containers Market

By Product Type:

Jars
Cans
Canister
Bottles
Drums
kegs
IBC’s

By Capacity Type:

Less than 2 liter
2 – 10 liter
10 – 20 liter
20- 50 liter
50 – 100 liter
More than 100 liter

By End User:

Food
Dairy products
Honey
Grains
Sugar
Tea & Coffee
Others
Beverage
Alcoholic Beverages
Beers
Spirits
Non-Alcoholic Beverages
Household
Chemicals
Others

By Region:

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

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Wicketed Bagging Machines Market is Projected to Grow at a 4% to 5% CAGR by 2032

The global wicketed packaging systems market is expected to grow at a moderate CAGR range of 4% to 5% from 2022 to 2032. The market is set to reach a significant value by the end of 2032. The rapidly advancing technologies and rising emergence of new bio-plastics are factors that will augment the sales of wicketed bagging machines in the upcoming years. The ability to work with bags of varying sizes at differing operating speeds along with strong packaging attributes also drive the growth of the wicketed bagging machines during the forecast period.

A kind of packaging solution that is made of plastic resins held together on a thin wicket or metal bar is referred to as a wicketed bag. These bags make product dispensing faster and easier. Wicketed bagging machines are industrial tools that can, automatically or semi-automatically, open, fill, and seal pre-made wicketed bags.

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During the forecast period, the market for wicketed bagging machines will also be driven by the rapid industrialization and automation processes taking place all across the globe. With several key food and beverage manufacturers concentrating on the adoption of automation technologies and equipment like the wicketed bagging machine, the market prospect for the product look bright in the upcoming years. This machine enhances productivity, reduces packaging time, and shortens the product dispensing time resulting in an improved production process. This consideration is anticipated to bolster the growth of the wicketed bagging machines during the assessment period.

Key Takeaways:

High initial and maintenance costs along with stringent regulations executed by governmental and environmental protection agencies regarding plastic packaging solutions will likely deter the growth of the wicketed bagging market.
Heightened demand for packaging machinery and activities of market manufacturers will propel Europe to emerge as an immensely lucrative market.
South Asia will register a strong growth rate in the wicketed bagging market owing to the increasing governmental focus on automation technologies in several countries of the region.
Greater demand for the adoption of advanced technologies across different industries and the introduction of novel bio-plastics will strengthen market prospects during 2022 and 2032.

Competitive Landscape

Euro Machinery ApS, WeighPack Systems Inc., Paxiom Group, Robert Bosch GmbH, I. M.A. Industria Macchine Automatiche SpA, and NEWTEC, among others, are some of the predominant players in the wicketed bagging machines market profiled in the full version of the report.

Key market participants are concentrating on releasing and developing new equipment enabled with innovative features. These firms also deploy partnerships, mergers, and acquisition tactics to enhance their market footprints.

More Insights into Wicketed Bagging Machines Market

In its latest report, FMI offers an unbiased analysis of the global wicketed bagging machines market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of automation type, machine type, machine speed, end-use, and region.

According to the latest FMI reports, based on segmentation, these machines are expansively used in the packaging of wheat, corn, seeds, rice, pulses, and other grains. The confectionery and bakery sector will also underpin the growth of the market.

Based on region, the wicketed bagging machines market in South Asia will display strong growth over the next few years. The target market in this region is strongly influenced by favorable initiatives by the governments of several countries. Many governments are keen on adopting process automation technologies to enhance productivity. This factor is anticipated to drive the wicketed bagging machine to register a strong growth rate during the assessment period. In addition, Europe will also demonstrate impressive growth in the wicketed bagging machines market during this period.

Key Segments Profiled in the Wicketed Bagging Machines Market Survey

By Automation Type:

Automatic
Semi-Automatic

By Machine Type:

Vertical Wicketed Bagging Machines
Horizontal Wicketed Bagging Machines

By Machine Speed:

Upto 500 Bags/Hr.
501 – 1000 Bags/Hr.
1001-1500 Bags/Hr.
1501-2000 Bags/Hr.
More Than 2000 Bags/Hr.

By End Use:

Food
Bakery & Confectionery
Animal Feed/Pet Food
Grains
Wheat
Rice
Corn
Pulse
Other Grains
Seeds
Spices & Condiments
Coffee Beans
Dairy Products
Meat, Poultry & Seafood
Pharmaceutical
Personal Care & Cosmetics
Others (Chemical, Homecare)

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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Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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Strapping Equipment Market is Expected to Expand at 2.30% CAGR by 2034 : Insights and Future Outlook

The growth of the strapping equipment market is projected to achieve a 2.30% CAGR from 2024 to 2034. According to the packaging team at Future Market Insights, the market is expected to be valued at US$ 1.7 billion by 2023. The integration of robotics and automation is anticipated to propel the market to a valuation of US$ 2.2 billion by 2034.

The strapping equipment market is driven by the growing use of robots and automation in packaging procedures. Automation improves productivity, lowers human costs, and guarantees constant quality in strapping processes.

Intricate characteristics like seamless interaction with manufacturing lines and accurate tension management are made possible by robot improvements. This tendency is especially apparent in manufacturing, logistics, and food processing, which propels global market development.

Introducing novel, environmentally friendly materials is an opportunity for strapping equipment manufacturers. Key players are indulging in research and development to provide strapping solutions that are environmentally friendly substitutes for conventional materials.

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This aligns with the rising demand for eco-friendly packaging solutions and growing environmental concerns, allowing market players to benefit from the new market trends and obtain a competitive advantage.

Key Takeaways from the Market Analysis:

A valuation of US$ 1.6 billion was reached by the strapping equipment industry in 2018.
The strapping equipment market garnered a CAGR of 1.60% historically from 2018 to 2023.
The United States strapping equipment industry will develop at a CAGR of 0.9% over the projection period.
In 2024, horizontal strapping machines will become more popular, accounting for 67.3% of the market.
With a 46.1% market share in 2024, such equipment will be extensively utilized in the logistics and transportation industry.

“Increasing trend for safe packaging across sectors is propelling the strapping equipment demand. Globalization, the expansion of e commerce, and strict logistics laws all contribute to this demand, which is particularly strong in the logistics sector. The projected expansion is supported by the necessity for dependable strapping solutions to protect cargo during transportation.” says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).

Competitive Landscape

The key players in the strapping equipment market are striving to improve sustainability, dependability, and efficiency. They prioritize equipment design advancements that enhance performance, such as quicker strapping rates and adaptability for different packing uses.

To lessen the influence on the environment, efforts are being focused on creating environmentally friendly strapping materials and methods. Maintaining and providing technical support for after sales services, such as maintenance, is essential to ensuring consumer satisfaction and retention in the highly competitive market context.

Startups in the strapping equipment market use disruptive technology and specialized market niches to position themselves strategically. They emphasize innovation and provide advanced options like integrated smart packaging or automated strapping systems. These companies frequently focus on particular markets or uses, meeting the demands and tastes of individual customers.

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They use flexible business structures to quickly adjust to changing market conditions and offer customized services. Startups want to make a name for themselves and effectively compete with more established firms. To do this, they emphasize innovation and adaptability.

Key Companies Profiled:

Signode Industrial Group LLC
Cyklop International
Dynaric Inc.
Fromm Holding AG
StraPack, Corp.
Messersi Packaging Srl
Mosca GmbH
North Shore Strapping Inc.
Packmaster Machinery Pvt Ltd
Polychem Corporation
Samuel, Son & Co.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the strapping equipment market, providing historical data for 2018 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the strapping equipment market, the market is segmented based on automation (manual/handheld, semi automatic, automatic), product type (horizontal strapping machine, integrated, stand alone, vertical strapping machine, integrated, stand alone), end use (food & beverage, building & construction, logistics and transportation, consumer goods, pharmaceutical, agriculture, other industrial) and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East & Africa).

Key Segments Profiled in the Strapping Equipment Market

By Automation:

Manual / Handheld
Semi-automatic
Automatic

By Product Type:

Horizontal Strapping Machine
Integrated
Stand alone
Vertical Strapping Machine
Integrated
Stand alone

By End Use:

Food & Beverage
Building & Construction
Logistics and Transportation
Consumer Goods
Pharmaceutical
Agriculture
Other Industrial

By Region:

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

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Robust Growth Projected: Global PET Syrup Bottle Market to Surge at 9% to 10% CAGR through 2032

The global PET syrup bottle market is slated to register a strong CAGR range of 9% to 10% from 2022 to 2032. Historically, the market registered an average CAGR range of 4% to 5% from 2013 to 2020. It is anticipated that the PET syrup bottle market will reach a significant sum by the end of 2032. This market benefits from the growing emphasis on using sustainable and recyclable pharmaceutical packaging solutions for liquid products.

The PET syrup bottles are made from plastic resins known as Polyethylene Terephthalate (PET). These bottles are gaining extensive application as a substitute for other rigid packaging solutions. Attributes like transparency, lightweight, strength that can withstand strong impact, and its capacity to offer superior finished packaging products ensure PET syrup bottles’ suitability as an alternative to rigid packaging solutions. Hence, these bottles find rising usage in storing liquid food items, beverages, and liquid medicine.

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Depleting immunity of the global population has resulted in a surge of illnesses like flu, viral infections, colds, cough, and others. Consequently, there’s been a notable rise in the demand for therapeutics like tablets and liquid medicine. This augurs well for the PET syrup bottles as they are largely used in packaging liquid medicine and other medical items like antiseptics, cold syrups, antiseptic syrups, and others.

Thus, the growing demand for liquid medicines for the treatment of various diseases will propel the demand for PET syrup bottles. Increasing demand for packaged food and beverage items also has a positive influence on the global sales of PET syrup bottles. The rising adoption of PET syrup bottles across healthcare, chemicals, and pharmaceuticals spurs the demand for the product in the upcoming years. All of the aforementioned factors, work in tandem with others, to stimulate the market growth for PET syrup bottles.

Key Takeaways:

Rising environmental concerns, the growing awareness of the adverse effect of plastic use on the environment, and the presence of alternatives will stymie the growth of the PET syrup bottle market.
South Asia will emerge as an immensely opportunistic market for PET syrup bottles due to an expanding medical and pharmaceutical sector.
The introduction of new plastic packaging solutions for liquid products will push the PET syrup bottle market in Europe to register a strong growth rate during 2022 and 2032.

Competitive Landscape

Berry M&H, Amcor Limited, Gerresheimer AG, All American Containers, Alpha Packaging, PET Power (RPC Group), PontEurope, and Graham Packaging Company, among others, are a few of the key players in the PET syrup bottle market profiled in the full version of the report.

Eminent market players are keen on the launch of novel and innovative products. These firms also engage in various partnerships, collaborations, mergers, and acquisitions to gain a competitive advantage.

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More Insights Into PET Syrup Bottle Market

In its latest report, FMI offers an unbiased analysis of the global PET syrup bottle market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of shape (long neck, round, square), capacity (less than equal to 50ml, 50ml to 100ml, 100ml to 250ml, 250ml to 500ml, above 500ml), end-use industry (food and beverage, pharmaceuticals, healthcare, chemicals, others), and region.

According to the same reports, based on region, the PET syrup bottle market in South Asia will present significant growth during this period of observation. This region will emerge as an attractive pocket for the target market. A rapidly growing medical and pharmaceutical sector across the Asia Pacific will aid the growth of the market in South Asia. The presence of several pharmaceutical companies, the rising adoption of innovative technologies, and the introduction of three-layered PET bottles for gamma rays irradiation also fuel the PET syrup bottle market growth in South Asia. Europe, too, will exhibit considerable growth in the PET syrup bottle market. It is estimated that Europe’s PET syrup bottle market will grow at a strong rate during this period. The target market in this region will be aided by the introduction of novel packaging solutions by key market players in Europe. Thus, South Asia and Europe will contribute substantially to the overall market growth.

Key Segments Profiled in the PET Syrup Bottle Market Survey

By Shape:

Long Neck
Round
Square

By Capacity:

Less than equal to 50ml
50ml to 100ml
100ml to 250ml
250ml to 500ml
500ml above

By End Use:

Food & Beverages
Pharmaceuticals
Healthcare
Chemicals
Others

By Region:

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

About Future Market Insights Inc. (FMI)

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Global Feed Micronutrients Market Forecasted to Attain USD 3.52 Billion by 2033: Future Market Insights, Inc.

The feed micronutrients market is predicted to be worth US$ 1.91 billion in 2023 and rise to US$ 3.52 billion by 2033. The global industry was expanding at a CAGR of 4.6% from 2018 to 2022.

Consumers are becoming more concerned about animal welfare and the effects of livestock production on the environment. The demand for feed micronutrients that enhance the health and welfare of animals and are produced ethically and sustainably is rising as a result.

The adoption of cutting-edge animal husbandry techniques in both developed and developing nations open up new opportunities for the industry. The global feed micronutrients industry is expected to expand as agricultural and breeding expenditures for livestock rise.

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The detrimental effects on the environment are a significant barrier to the expansion of the global feed micronutrient sector. The soil contamination brought on by the usage of metals like zinc and copper in livestock feed is included in this.

The importance of feed micronutrients for the welfare and health of animals is becoming more and more understood by farmers and producers in different regions. Products providing feed micronutrients that can help boost animal performance and reduce the risk of sickness are in higher demand.

Key Takeaways

By 2033, Europe’s feed micronutrients market is expected to expand at a CAGR of 6.2%.
The feed micronutrients market was significantly expanding, with a size of US$ 1.8 billion in 2022.
The market is anticipated to expand at a valuation of US$ 2.30 billion by 2026, as a result of rising animal welfare activities.
Due to the market’s excellent potential and rising use of zinc in the industry, analysts expect it is likely to rise 1.06 times between 2022 and 2023.
In the United Kingdom, the poultry livestock segment is likely to lead with a valuation of US$ 1.4 billion by 2033.
Based on products, trace minerals dominated the market with a 3/5th share in 2022. Moreover, the market continued to lead during the forecast period.
Based on livestock, the poultry segment led the market with a 1/3rd share in 2022.

Critical Approaches Increasing Top Players’ Wealth

The feed micronutrients industry is moderately consolidated, with a few multinational corporations holding the leading market shares. This includes Archer Daniels Midland Company, Kemin Industries Inc, Cargill Inc., Alltech, Zinpro Corporation, Tanke Biosciences Corp., Purina Animal Nutrition LLC, Novus International Inc., Pancosma S.A., Koninklijke DSM N.V., Biochem Zusatzstoffe Handels, QualiTech Inc.

Newcomers to the feed micronutrients market confront several obstacles. including tighter restrictions, greater manufacturing costs, and a lack of consumer awareness.

Recent Developments

Balancius, the first microbial muramidase, was released in September 2018 by DSM and Novozymes. It is essential for enhancing feed efficiency and digestibility in broilers. The product claims that as a result, the feed conversion ratio of grill chickens increased by 4-6 points (or 3%) overall.
The current feed enzyme distribution contracts between Cargill and BASF have now access to more markets and R&D resources. As the companies made an announcement of their partnership in October 2021. Through this partnership, it is easier to create, manufacture, promote, and market swine-specific enzyme goods.

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Key Segments

Feed Micronutrients by Product:

Feed Micronutrients as Trace Minerals
- Iron
- Zinc
- Manganese
- Copper
- Boron
Feed Micronutrients as Vitamins
- Vitamin A
- Vitamin B
- Vitamin C
- Vitamin D
- Vitamin K
- Vitamin E
- Carotenoids

Feed Micronutrients by Livestock:

Poultry
Ruminant
Swine
Aquaculture
Others

About Future Market Insights (FMI)

Contact FMI:

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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