Market Research Blog – Page 2075 – New Product Development

Retinal Biologics Market Poised for Explosive Growth at 11.1% CAGR, Reaching US$41.9 Billion by 2028 | FMI Research Report

The Retinal Biologics Market is experiencing a surge in demand, fueled by advancements in eye disease treatments and a growing emphasis on vision health. According to a recent analysis by Future Market Insights (FMI), a leading market research firm, the market is currently valued at an impressive US$22.25 billion in 2022. Looking ahead, the market is projected to witness a remarkable Compound Annual Growth Rate (CAGR) of 11.1% over the next six years. This translates to a staggering market valuation of US$41.92 billion by 2028, highlighting the significant potential of retinal biologics in revolutionizing eye care.

The remarkable expansion of the Global Retinal Biologics sector is fueled by advancements in technology, innovative research, and a growing demand for cutting-edge treatments. As the industry continues to evolve, it presents unprecedented opportunities for stakeholders, investors, and healthcare professionals alike.

Key Retinal Biologics Market Insights:

Rising Prevalence of Diabetes-related Eye Disorders and Age-related Macular Degeneration (AMD) The prevalence of diabetes-related eye disorders and age-related macular degeneration is on the rise, underscoring the growing need for innovative solutions within the Retinal Biologics Industry.
Substantial Investment in R&D for Biologics in Retinal Disorders The industry is witnessing a significant influx of research and development resources, aimed at advancing biologics for both infectious and non-infectious retinal disorders. This investment underscores the commitment to addressing unmet medical needs.
Emergence of Specific Biologic Molecules as Therapeutic Targets Specific biologic molecules are gaining prominence as highly promising therapeutic targets, offering new hope for patients with retinal conditions.
Gene Therapy as a Solution for Monogenic Retinal Illnesses With a growing number of monogenic retinal illnesses, gene therapy is emerging as a pivotal component of the Retinal Biologics Market, presenting innovative solutions for these challenging conditions.

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Retinal Biologics Distribution in Specialty Clinics and Hospitals Prominent

Retinal Biologics manufacturers offer their goods through institutional and retail distribution channels. According to the FMI report, institutional sales in the Retinal Biologics Industry, where Retinal Biologics are supplied in speciality clinics and hospitals, will generate higher revenues. In 2018, hospital sales accounted for more than 35% of market revenue.

According to the report, retail sales of Retinal Biologics will generate comparable revenues to hospital sales and will expand at an 11.9% annual rate in 2019. Retail distribution takes place through retail pharmacies and mail-order pharmacies, with retail pharmacies generating more money than their counterparts in the future years.

Penetration in North America Higher, APEJ’s Attractiveness to Increase

North America continues to be the market leader in Retinal Biologics revenue. According to FMI estimates, North America accounted for more than 46% of global Retinal Biologics Industry revenues in 2018. Revenues in North America are predicted to expand 10.4% year on year in 2019 due to an increase in the prevalence of retinal illnesses, continuous growth in the healthcare infrastructure, and a favourable reimbursement scenario.

Europe accounted for about one-fourth of the Retinal Biologics market, with Western European countries such as Germany, the United Kingdom, France, Italy, and Spain accounting for the majority of demand penetration. The APEJ Retinal Biologics Industry is predicted to grow at an 11% annual rate in 2019, with China and India remaining the most lucrative areas.

Retinal Biologics Find Prominent Use in Macular Degeneration Treatment

The study opines that over 35% of the Retinal Biologics revenues were consolidated in the treatment of macular degeneration. The highest revenue growth of 12.3% is also expected in macular degeneration as compared to other indications where Retinal Biologics are used in 2019.

Macular degeneration (MD) remains the leading cause of vision loss wherein it affects over 10 million Americans, the prevalence is higher than the combined incidences of cataracts and glaucoma, as per the American Macular Degeneration Foundation (AMDF). As macular degeneration mainly affects people aged 50 years or more, with the ageing population, the prevalence of MD continues to rise despite improved treatment options.

Key Players Covered In The Retinal Biologics Market:

Spark Therapeutics, Inc.
F. Hoffmann-La Roche Ltd.
Regeneron Pharmaceuticals, Inc.
AbbVie Inc.
Amgen Inc.
Novartis Pharma AG
MeiraGTx Limited
Oxurion NV
Santen Pharmaceutical Co., Ltd.
Bayer AG
Bausch Health Companies Inc.
Merck & Co., Inc.

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Key Segments of Global Retinal Biologics Industry Survey

Retinal Biologics Market by Drug Class:

VEGF-A Antagonists
TNF-α Inhibitors

Retinal Biologics Market by Indication:

Macular Degeneration
Diabetic Macular Edema
Diabetic Retinopathy
Uveitis
Others

Retinal Biologics Market by Distribution Channel:

Institutional Sales
Retail Pharmacies
Mail Order Pharmacies
Retail Sales

Author

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 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 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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Endometriosis Treatment Market Poised for Steady Growth at 3% CAGR, Reaching US$4 Billion by 2030 | FMI Research

The Endometriosis Treatment Market is charting a course for stable expansion, fueled by growing awareness and a rise in diagnosed cases. According to a recent analysis by Future Market Insights (FMI), a leading market research firm, the market is projected to exhibit a Compound Annual Growth Rate (CAGR) of approximately 3% from 2019 to 2030. This consistent growth trajectory is expected to propel the market valuation to surpass US$4 billion by the end of the forecast period, reflecting a significant increase from US$2.8 billion in 2018.

The steadfast growth of this industry is propelled by the escalating prevalence of endometriosis, a condition affecting millions of women worldwide. As the demand for advanced treatment options continues to surge, industry leaders are taking the helm, focusing on pioneering therapeutic advancements and strategic product launches.

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Key Takeaways of Endometriosis Treatment Market Study

Based on the drug, oral contraceptives contributed maximum value share to the global endometriosis treatment Industry in 2018, owing to a high preference for them as a first-line therapy for patients without contraindications, and efficacy in preventing the recurrence of pelvic pain and endometriosis lesions.
High treatment efficacy and acceptance with low risk are expected to result in a notable share of hormonal therapy in the treatment type.
The hospital pharmacies and retail pharmacies segments, collectively, hold above 60% of the value share of the endometriosis treatment industry, owing to the high patient pool in hospitals and visiting retail pharmacies.
Europe captured a notable revenue share of 37% in 2018 and is expected to be the most lucrative region in the global endometriosis treatment market during the forecast period.
Increasing government expenditure for the high growth of the medical industry in emerging economies in the Asian region is expected to drive the growth of the endometriosis treatment industry across this region.

Multiple New Indications – Imperative Strategy for Endometriosis Treatment Market Players

Increasing the introduction of endometriosis drugs with multiple new indications is a major factor responsible for intense competition among market players. Several companies are focusing on launching new endometriosis treatment options to increase their product sales and expand their market share. For example, in July 2018, AbbVie Inc. introduced a new innovative product – Orilissa(elagolix) tablets, a gonadotropin-releasing hormone (GnRH) receptor antagonist for the management of moderate to severe pain associated with endometriosis, in the U.S. market.

What else is in the report?

Future Market Insights (FMI) offers a unique perspective and actionable insights on the endometriosis treatment market in its latest study, presenting a historical demand assessment of 2014-2018 and projections for the period of 2019-2030, based on the drug (oral contraceptives, progestins, NSAIDs, GnRH analogs, LNR-IUDs, and others), treatment type (hormonal therapy and pain management), and distribution channel (hospital pharmacies, retail pharmacies, drugstores, and e-Commerce), across seven key regions of the world.

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Endometriosis Treatment Market Segmentation

The global endometriosis treatment industry is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Drug:

Oral Contraceptives
Progestins
NSAIDs
GnRH Analogues
LNR-IUDs
Others

Treatment Type:

Hormonal Therapy
Pain Management

Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Drugstores
e-Commerce

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.

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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Radiation-Induced Myelosuppression Treatment Market Set for Steady Growth at 3.1% CAGR, Reaching US$3.5 Billion by 2028 | FMI

The Radiation-Induced Myelosuppression Treatment Market is poised for continued expansion, fueled by the growing burden of cancer and the widespread adoption of radiation therapy. According to a recent analysis by Future Market Insights (FMI), a leading market research firm, the market is currently valued at US$2.9 billion in 2022. Over the next six years, it is projected to experience a steady Compound Annual Growth Rate (CAGR) of 3.1%, reaching a market valuation exceeding US$3.5 billion by 2028.

This remarkable expansion is driven by several factors, notably the rapid improvement in healthcare infrastructure and the evolving reimbursement scenario. These factors have become pivotal boosters for the healthcare industry, particularly in developing regional markets.

Radiation therapy has been a significant part of cancer treatment and the consistently high success rate associated with radiotherapy is projected to further push demand for radiation-induced myelosuppression treatment worldwide.

Neutropenia is foreseen to generate maximum demand for radiation-induced myelosuppression treatment, whereas injectables are identified to hold a substantial share in the total market value, based on the route of administration of radiation-induced myelosuppression treatment. Thrombocytopenia and anemia are likely to present lucrative opportunities for radiation-induced myelosuppression treatment providers.

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The report tracks key factors driving revenue growth of the market –

Increasing prevalence of cancers
Early diagnosis, promises improved chances of positive outcomes
Fostering R&D funds supporting cancer research
Strong product pipeline
Bolstering adoption of chemo-radiotherapy in cancer treatment

Against the backdrop of patent expiry, a majority of market leaders are shifting their focus to the expansion of the product pipeline of a wide range of innovative formulations, likely to shape the radiation-induced myelosuppression treatment landscape.

Myelo001 by Myelo Therapeutics GmbH recently received FDA approval as an orphan drug to be used in the ARS (acute radiation syndrome) treatment.
Mylan NV and Pfizer Inc. also received FDA approvals for their recently launched biosimilars – Epogen Neupogen, and Neulasta respectively.

Patent expiry of originator biologics formulations is creating investment opportunities in biosimilar production – for the operators in the radiation-induced myelosuppression treatment landscape. As there is a considerable cost difference of around 20% between originator biologics and biosimilars, patients are inclined more towards an economical means of treatment, thereby fueling the scope of penetration of radiation-induced myelosuppression treatment in coming years.

Backed by a majority of established players housing strong bases across North America, especially the US, the report indicates a steady growth outlook for the Global Radiation-Induced Myelosuppression Treatment Industry in the region. North America will reportedly continue to account for over 65% share of the global market value.

New product launches currently mark the top developmental strategy adopted by leading companies competing in the Global Radiation-Induced Myelosuppression Treatment Industry. A majority of key players are also identified to focus on enhancing their geographical foothold in the global radiation-induced myelosuppression treatment landscape. The report in a distinct section covers some of the key competitors operating in the radiation-induced myelosuppression treatment marketplace, emphasizing their financial as well as strategic profiles in depth.

A few of the profiled companies include Pfizer Inc., Janssen Pharmaceutical NV, Janssen Global Services, LLC (Johnson & Johnson), Amgen Inc., Mylan NV, Teva Pharmaceutical Industries Ltd., Novartis AG, and Partner Therapeutics, Inc.

In the highly consolidated competitive landscape of global radiation-induced myelosuppression treatment, the three top-ranking companies, i.e. Janssen Pharmaceutical NV, Amgen Inc., and Teva Pharmaceutical Industries Ltd. dominate in terms of market value. These players continue to hold winning revenue shares in the radiation-induced myelosuppression treatment owing to a strong global presence and a considerable number of new drug approvals. Established companies are entering strategic partnerships and collaborations with regional leaders, to achieve better penetration into regional markets.

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Radiation-Induced Myelosuppression Treatment Market by Category

Indication:

Neutropenia
Anemia
Thrombocytopenia

Drug Class:

Growth factors
Erythropoietin stimulating agents
Thrombopoietin agents
Iron supplements

Route of Administration:

Oral
Injectable

Distribution Channel:

Hospital pharmacies
Retail pharmacies
Online pharmacies
Drug stores

Region

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

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.

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 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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Advanced Wound Management Market Set for Steady Growth at 3.6% CAGR, Reaching US$11.5 Billion by 2033 | FMI

The Advanced Wound Management Market is on track for sustained growth, fueled by the rising demand for effective solutions to treat chronic and complex wounds. According to a recent market analysis, the market is anticipated to reach a value of US$8.1 billion by the end of 2023. This positive trend is expected to continue, with the market projected to reach a significant US$11.5 billion by 2033, reflecting a consistent Compound Annual Growth Rate (CAGR) of 3.6%.

The year 2020 presented unforeseen challenges for the advanced wound management sector, marked by the unprecedented impacts of the COVID-19 pandemic that induced a temporary decline in sales. However, the industry showcased its resilience as the global community rallied with intensified research and development efforts, focusing on innovative wound care solutions. This concerted effort has paved the way for a remarkable recovery, positioning the industry for a gradual and sustained upswing in the demand for advanced wound management products throughout the assessment period.

An exciting development to watch is the integration of biomaterials like alginates and silver into topical wound healing treatments, which is poised to further propel sales. These advancements are inspiring leading industry players to pioneer effective and cutting-edge solutions for advanced wound healing, ensuring a promising future for the market.

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Product developments in the advanced wound dressing segment such as hydrogels, collagen, and hydrocolloids are on the cards. Apart from these products, the emergence of negative pressure wound therapy devices will boost sales in the market.

Besides this, government-backed initiatives such as public health insurance schemes in countries including the U.S., the U.K., and China will create lucrative growth opportunities in the advanced wound management industry.

Key Takeaways from the Advanced Wound Management Market Analysis

Advanced wound dressing is anticipated to dominate the product segment.
Based on application, chronic ulcers will witness increasing adoption of advanced wound management.
Hospitals, followed by clinics are expected to account for maximum market sales.
The U.S. is projected to witness high demand in the advanced wound management market, owing to the increasing number of diabetic patients in the country.
The U.K. will emerge as a lucrative market with rapid product developments by leading players.
China will exhibit a high demand for advanced wound management due to the increasing incidence of chronic wounds and reimbursements for medical expenditure.
The advanced wound management industry in India is expected to grow at a steady pace, owing to growing cases of road accidents and chronic wounds.

“Increasing research and development activities aimed at offering advanced wound healing devices and fast-track approvals for novel advanced wound management products are anticipated to propel sales in the market through 2031,” says the FMI analyst.

Growing investments in the healthcare sector, coupled with innovations in advanced wound management products are anticipated to positively shape demand in the upcoming years.

Advanced Wound Management Market Competitive Landscape

As per FMI’s analysis, ConvaTec Group Plc. Coloplast A/S, Molnlycke Health Care AB, 3M Healthcare, and Smith & Nephew PLC are among the leading players in the market, accounting for approximately 3/4^th of the market share.

Key players operating in the advanced wound management market are actively focusing on product innovations, strategic collaboration, mergers, acquisitions, and government approvals as a part of their growth strategies. For instance:

In July 2021, Ethicon Inc., a part of the Johnson & Johnson Medical Devices Company, announced the U.S. Food and Drug Administration (FDA) has granted Breakthrough Designation for the company’s transbronchial microwave ablation technology. The advanced technology uses robotic-assisted bronchoscopy for the treatment of debilitating diseases and conditions.
In July 2021, Illinois-based Medline Industries announced its plan to open a new distribution center worth US$ 100 Mn in the Katy area. The new distribution facility will bring the company’s total employee strength to around 375 employees.

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Advanced Wound Management Market by Category

By Product Type:

Advanced wound dressings
- Alginates
- Collagens
- Films
- Foams
- Hydrocolloids
- Hydrofibers
- Hydrogels
Wound contact layers
Superabsorbent dressings
Negative pressure wound therapy devices
- Standalone NPWT devices
- Portable NPWT devices
- Single-use disposable NPWT devices
- NPWT accessories

By Application Type:

Chronic ulcers
- Venous leg ulcers
- Diabetic foot ulcers
- Pressure ulcers
Non-healing surgical wounds
- Traumatic wounds
- Burn cases

By End-User Type:

Hospitals
Clinics
Ambulatory surgical centers
Skilled nursing facilities

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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Dental Hygiene Devices Market Brushes Toward US$5.9 Billion by 2028 at a 4.8% CAGR | FMI Study

The Dental Hygiene Devices Market is beaming with promise, driven by a growing focus on maintaining good oral health. A recent market analysis reveals a current market valuation of approximately US$4.4 billion in 2022. Projecting forward, the market is anticipated to experience a steady growth trajectory, with a Compound Annual Growth Rate (CAGR) of 4.8% propelling it towards a staggering US$5.9 billion by 2028.

Despite facing challenges, the Global Dental Hygiene Devices Industry has proven resilient, and the forecasted growth serves as a beacon of hope for industry stakeholders. The study offers a thorough analysis of the market’s historical trends and presents insights into its future trajectory, providing a valuable resource for informed decision-making.

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Regional Insights: Regional markets play a pivotal role in the growth trajectory of the dental hygiene devices industry. Market dynamics, consumer preferences, and regulatory frameworks vary across regions, influencing the demand for dental hygiene devices. Understanding these regional nuances is crucial for businesses seeking to capitalize on emerging opportunities.

Recent Developments: The dental hygiene devices industry is witnessing rapid advancements, including the introduction of innovative dental technologies and products. From advanced toothbrushes and dental floss to cutting-edge dental imaging systems, recent developments are revolutionizing oral care practices and driving market growth.

Competitive Landscape: The competitive landscape of the dental hygiene devices market is marked by intense competition and a focus on product differentiation and market expansion.

As the Global Dental Hygiene Devices Industry embarks on a trajectory of unprecedented growth, stakeholders across the healthcare and dental sectors are poised to capitalize on emerging opportunities and drive innovation in oral care solutions.

Key Market Segments Covered in Dental Hygiene Devices Market Research

By Product:

Tooth Brush
Dental Polishing Devices
Dental Scalers
Other Dental devices

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

By Region:

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

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Dental Hygiene Devices Market Players

Colgate-Palmolive Company
The Procter & Gamble Company
Koninklijke Philips N.V.
Unilever plc.
GlaxoSmithKline plc
Ultradent Products Inc.
Johnson & Johnson
3M Company
Dabur India Ltd.
Dentsply Sirona.

What does the Dental Hygiene Devices Market research hold for the readers?

One by one company profiles of key vendors.
Influence of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the Global Dental Hygiene Devices Industry.
Evaluation of supply-demand ratio in every end-use industry.
Regional analysis based on Market share, growth outlook, and key countries.
Positive and negative aspects associated with the consumption of Dental Hygiene Devices.

The Dental Hygiene Devices Market research clears away the following queries:

What is the present and future outlook of the Global Dental Hygiene Devices Industry based on region?
What tactics are the Dental Hygiene Devices Market vendors implementing to give tough competition to their business counterparts?
What are the macro- and microeconomic factors affecting the Global Dental Hygiene Devices Industry?
Which end-use segment is expected to lead by the end of 2029?
Why region have the highest consumption of Dental Hygiene Devices?

Reasons to Choose Future Market Insights:

Future Market Insights is equipped with highly experienced professionals who perform comprehensive primary and secondary research to provide minute details regarding the Market. We publish myriads of reports for Global clients irrespective of the time zone. Our reports are a result of digitally driven Market solutions that provide unique and actionable insights to the clients.

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.

About Future Market Insights (FMI)

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Global Surface Protection Film Market to Reach US$ 2.3 Billion by 2034, Fueled by Rising Demand in Construction and Electronics Sectors

The global surface protection film market is anticipated to witness significant growth over the next decade, with sales expected to reach US$ 2.3 billion by 2034, according to a recent report by industry analysts. The market, valued at approximately US$ 1.5 billion in 2024, is projected to grow at a CAGR of 4.6% from 2024 to 2034, driven by increasing construction activities, rapid urbanization, and technological advancements.

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Key Market Drivers

Construction Activities and Urbanization: The increasing construction activities and rapid urbanization in developing nations are driving the demand for surface protection films. These films are essential for protecting surfaces in construction projects from damage during transportation, handling, and installation.
Consumer Electronics and Automobile Industry: Sectors such as consumer electronics and the automobile industry are witnessing a growing demand for surface protection films to safeguard their surfaces effectively. The films protect against scratches, abrasions, UV radiation, moisture, dust, and pollutants, prolonging the lifespan of surfaces.
E-commerce and Technological Advancements: The rising popularity of e-commerce, along with technological advancements and internet penetration, is fueling the expansion of the surface protection film market. These factors are expected to continue driving growth in the industry over the next decade.

Key Trends Influencing the Market

High Demand for Clear Surface Protection Films: There is a growing demand for clear surface protection films, particularly in the automotive, electronics, and construction industries. These films preserve surfaces’ aesthetic appeal and quality while protecting them from environmental factors.
Advanced Adhesive Technologies: Pressure-sensitive adhesives (PSAs) and removable adhesives are revolutionizing the market, offering ease of application and residue-free removal. These technologies are being adopted across various industries, enhancing customer satisfaction.
Focus on Sustainability: Manufacturers are increasingly using biodegradable and recyclable materials to create eco-friendly surface protection films. This focus on sustainability aligns with stringent environmental regulations and consumer preferences for eco-friendly products.

The surface protection film market is poised for substantial growth as industries prioritize surface protection and sustainability. Market players are encouraged to innovate with advanced adhesive technologies and sustainable materials to meet evolving customer needs.

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Key Takeaways from Surface Protection Films Market Study

Glass & mirrors remain key application areas of surface protection films, followed closely by furniture surfaces. These two collectively accounted for nearly 45% revenue share in 2021, primarily attributable to growth of the construction industry.
Polyethylene (PE) remains highly preferred for manufacturing surface protection films, owing to its low cost and exceptional tear-resistant attributes. This polymer material will continue to maintain its positive trend over the decade ahead.
The construction & interiors and electrical & electronics industries would be the immediate end users of surface protection films, capturing around ¾ value share, collectively.
The global surface protection films market is highly competitive. Manufacturers of surface protection films are focusing on providing additional features and employing newer technologies such as self-healing to ensure easy peeling without leaving any residue on the surface. These innovations provide convenience features to end users, and help manufacturers in achieving product differentiation.

Country-wise Insights

The United Kingdom’s construction sector is experiencing a notable surge in demand for exterior protection films, anticipated to grow at a CAGR of 3.3% from 2024 to 2034. This uptick in demand is driven by several key factors. Firstly, amidst a construction boom, there’s a heightened need for protective materials to shield windows and building facades during renovation and construction phases. These films play a crucial role in maintaining the visual integrity of architectural surfaces, ensuring buildings retain their value and pristine appearance pre and post-construction.

Moreover, the emphasis on weather resistance is paramount in the UK context. Exterior protection films offer resilience against elements like wind, rain, UV rays, and pollution, thereby extending the lifespan of surfaces and reducing maintenance costs significantly. As sustainability gains traction, these films also align with eco-friendly practices, contributing to a holistic approach to construction while meeting the sector’s evolving needs for durability and aesthetics.

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Key Segments

By Thickness:

Up to 25 Microns
25 to 50 microns
50 to 100 microns
100 to 150 microns
Above 150 Microns

By Technology:

Adhesion Lamination
- Dry bond lamination
- Wet bond lamination
- Energy-curable adhesive lamination
- Hot melt seal coating
- Solventless lamination
- Others
Coextrusion lamination

By Material:

PE
PET
PP
PU
PVC
Others

By Colour:

Transparent
Translucent
Colored/tinted
Opaque

By Application:

Metal sheets
Glass & mirror
Prepainted surfaces
Plastic sheets
PVC Profiles
Furniture surfaces
Carpet Protection
Others

By End Use:

Construction & interior
Electrical & electronics
Automotive
Industrial
Healthcare
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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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Global Folding Boxboard Market to Reach USD 20.3 Billion by 2032 Driven by Booming E-commerce Industry

Future Market Insights (FMI) projects that the global folding boxboard market, valued at USD 12.2 billion in 2022, is set to grow at a CAGR of 5.2%, reaching USD 20.3 billion by 2032. This growth is primarily driven by the rapid expansion of the e-commerce industry, which is creating significant opportunities for folding boxboard manufacturers worldwide.

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Key Market Drivers

Booming E-commerce Industry: The exponential growth of the e-commerce industry in both developed and developing economies is a major driver for the folding boxboard market. Millions of products are shipped annually from retailers’ warehouses to consumers, requiring protective and functional packaging. Folding boxboards, known for their lightweight and sturdy nature, are increasingly being used to ensure the safe shipment of delicate products.
Demand for Sustainable Packaging: The growing trend of internet shopping is boosting the demand for convenient and lightweight packaging solutions. Folding boxboards are not only efficient in protecting packaged contents but are also sustainable, aligning with the increasing consumer preference for eco-friendly packaging options.

The Impact of E-commerce Trends on Folding Boxboard Market:

The escalating trend of internet shopping is forecasted to drive the global corrugated boxes market, amplifying the demand for convenient and lightweight packaging solutions like folding boxboards. Renowned for their efficacy in protecting packaged contents and sustainability, folding boxboards are poised to experience heightened demand amidst the e-commerce industry’s rapid expansion.

The following players hold a significant share in the global Folding Boxboard market

The writer will create content on the general strategies of market players. And then will write the key players in the market are:

International Paper Co., ITC Limited, Kotkamills Oy., Mayr-Melnhof Karton AG, Metsä Board Corp., Mondi Group plc, Nippon Paper Industries Co., Ltd., SAPPI Ltd., Shandong Bohui Paper Industrial Co., Ltd. and Stora Enso Oyj.

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Country-wise Insights

Germany: Germany is expected to account for around 28% of the European folding boxboard market by the end of 2022, the largest share among European countries. The country’s significant demand for folding boxboard is driven by its robust food and beverage industry, which was valued at EUR 185.3 billion (~USD 208 billion) in 2019, according to the Federation of German Food and Drink Industries (BVE). Extensive applications of folding boxboard in food and beverage packaging are anticipated to propel market growth in Germany.

India: India is projected to be the largest market for folding boxboard in the South Asia region, with an estimated market share of around 47% by the end of 2022. The pharmaceutical industry, a major end-user of folding boxboard, is a key growth driver. According to Invest India, the pharmaceutical industry in India is expected to reach USD 65 billion by 2024, growing at a rate of 10-12% year-over-year. India ranks third globally in terms of pharmaceutical production volume, further driving the demand for folding boxboard for pharmaceutical packaging applications.

Queries Solved

What is the size of the overall Folding Boxboard Market in the Food and Beverage Market and its segments?
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What are the key drivers, restraints, opportunities, and challenges of the Folding Boxboard Market in the Food and Beverage Market, and how they are expected to impact the market?
What are the attractive investment opportunities within the Folding Boxboard Market in the Food and Beverage Market?
What is the Folding Boxboard Market in the Food and Beverage Market size at the regional and country-level?
What are the key market players focusing on?
What are the strategies for growth adopted by the key players in Folding Boxboard Market in the Food and Beverage Market?
What are the recent trends in Folding Boxboard Market in the Food and Beverage Market? (M&A, partnerships, new product developments, expansions)?
What are the challenges to the Folding Boxboard Market in the growth of the Food and Beverage Market?
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Folding Boxboard Market by Category

By Basis Weight :

Up to 200 GSM
201 – 300 GSM
301 – 350 GSM
Above 350 GSM

By Material Type :

Uncoated Paperboard
Coated Virgin Paperboard
Recycled Paperboard

By End Use :

Food & Beverage
Pharmaceutical
Cosmetics & Personal Care
Automotive
Electrical & Electronics
Transportation & Logistics
Others (Homecare, etc.)

By Rregion :

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 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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FMI States Global Contact & Convective Dryers Market Anticipated to Reach USD 252.4 Million by 2029, Growing at 3.4% CAGR

The global contact and convective dryers market is on a robust trajectory, with Future Market Insights (FMI) projecting a valuation exceeding USD 252.4 million by 2029. This sector demonstrates consistent advancement, characterized by a commendable Compound Annual Growth Rate (CAGR) of 3.4% from 2022 to 2029, predominantly propelled by the increasing adoption of contact and convective dryers, notably within the food and beverages industry.

Contact and convective dryers have become integral assets, particularly in the realm of food and beverages, where efficient and precise drying processes are imperative. These dryers play a crucial role in maintaining product quality, reducing moisture content, and extending the shelf life of various food and beverage products. With the industry witnessing ongoing evolution and diversification, the reliance on these dryers is anticipated to intensify, thereby fortifying the overall market landscape.

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FMI Study Identifies Industrial Drying’s Vital Role in Fueling Contact and Convective Dryers Market Growth:

Industrial drying, a cornerstone in safeguarding product quality, has emerged as a pivotal catalyst propelling the expansion of the contact and convective dryers market, as revealed by the comprehensive study conducted by FMI. Within the intricate landscape of unit operations, industrial drying takes a prominent position, fueled by the relentless pursuit of “operational efficiency” across end-user industries.

The FMI study underscores the significance of contact and convective dryers, particularly in their capacity as intermittent drying equipment. In the journey ahead, these dryers are slated to occupy a central role in 2022 and beyond. Their pivotal function lies in addressing fundamental drying prerequisites, priming products for subsequent intricate drying stages. Nonetheless, manufacturers are poised to grapple with challenges including limited installation rates and a low replacement ratio, intricacies that underscore the delicate equilibrium within the contact and convective dryers market.

Key Takeaways from the Global Contact & Convective Dryers Market Insight:

Steady Demand Growth: The global contact & convective dryers market experienced a consistent demand surge, achieving a notable 2.9% compound annual growth rate (CAGR) during the assessment period from 2014 to 2021.
Functional Excellence: These dryers, essential in industrial operations, play a pivotal role by supplying essential heat for evaporation and moisture removal. Their distinct attribute lies in delivering uniform and dependable heating throughout the vessel, significantly enhancing end product quality and durability.
Enhanced Application Scope: As intermittent drying equipment, contact & convective dryers are harnessed across diverse sectors including food & beverage, chemicals, metallurgy, pharmaceuticals, and manufacturing. This versatility stems from their efficacy in reducing moisture and facilitating product curing.
Emerging Economic Drivers: The thriving chemical and pharmaceutical industries, notably in burgeoning economies such as China and India, are instrumental in propelling market demand. This growth trend paves the way for a projected 3.4% CAGR from 2022 to 2029, signaling sustained expansion for the global contact & convective dryers market.

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Key Companies Profiled in Report:

Andritz-Gouda B.V.
GEA Group AG
FLSmidth
ThyssenKrupp AG
Meter Group, Inc
Others

Key Segments Covered:

By Product Type:

Contact
Convective

By Orientation:

Horizontal
Vertical

By Application:

Pharmaceuticals
Metallurgy
Food & Beverages
Chemicals
Auxiliary Manufacturing

By Region:

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

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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FMI Affirms Global Oil & Gas Valves Market Anticipated to Reach USD 18,720.19 Million by 2034, Growing at 3.4% CAGR

The global oil and gas valves market has reached a significant milestone, surpassing USD 13,400.5 million by the conclusion of 2024, with promising growth trajectories anticipated. Projections indicate a commendable Compound Annual Growth Rate (CAGR) of 3.4% from 2024 to 2034, resulting in an impressive valuation of USD 18,720.19 million.

The catalyst behind this notable progress stems from the integration of smart technologies within oil and gas valves. These advanced systems are intricately designed to monitor critical process variables such as downstream and upstream pressure, stem position, flow rate, and temperature. The infusion of intelligence and connectivity into valve technology is poised to revolutionize the industry, promising heightened efficiency, safety, and control.

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As the oil and gas sector continues to evolve, the adoption of smart technologies is seen as a game-changer. It not only optimizes operations but also contributes to cost savings, reduces downtime, and enhances overall productivity. The ability to remotely monitor and control valve performance in real-time represents a significant leap forward in the industry’s pursuit of operational excellence.

Emerging Economies Drive Global Oil & Gas Valves Market Growth:

The escalating demand for energy and a multitude of upcoming oil and gas projects in the pipeline are propelling the growth of the oil & gas valves market in developing nations. Among the various regional markets, North America’s oil & gas valves market is projected to maintain a share of more than one-fourth of the global market throughout the forecast period. This can be attributed to ongoing advancements in the North American oil & gas and shale sectors.

In the Middle East & Africa, the oil & gas valves market is anticipated to secure the second-largest market share, driven by the thriving oil & gas industry in Western African and Northern African countries.

China, India, and Brazil are marked as emerging markets in the oil & gas valves industry, owing to escalating energy demands, the initiation of new oil & gas projects, improved economic conditions, and ongoing trends of industrialization and urbanization.

The oil & gas sector is characterized by fierce competition, given the substantial presence of established industry players. Consequently, the oil & gas valves market exhibits a fragmented landscape. The prominent market players in this field have firmly established their foothold across various regional markets.

Competition in the Global Oil & Gas Valves Market:

Major players in the global oil & gas valves market are actively working to expand their influence by implementing strategies like introducing new products, establishing new facilities, and acquiring local smaller players. For example,

In November 2018, Baker Hughes, a multinational industrial service company based in the US, announced the successful establishment of a new steam test facility in Naples, Italy. This facility is dedicated to testing and manufacturing a comprehensive range of masoneilan control valves and consolidated safety valves. This move is aimed at enhancing the company’s presence and impact in the European market.

Key Players:

Emerson Electric Co.
CIRCOR International Inc.
Schlumberger Limited
PARKER HANNIFIN CORP
Weir Group Plc.
Metso Corporation
BAKER HUGHES
Others

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Market Segmentation:

By Product Type:

Gates
Globes
Balls
Butterflies
Checks
PRVs
Others

By Size:

0.25 to 8 inches
8 to 20 inches
Above 20 inches

By Body Material:

Cast
Forged

By Application:

Upstream
Midstream
Downstream

Region:

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

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Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Global Turbidimeter Market Forecasted to Exceed USD 952.1 Million Valuation by 2029, Surging Steadily at 4% CAGR | FMI Analysis

The global turbidimeter market is poised for substantial growth, projected to surpass a valuation of USD 952.1 million by 2029. With an initial year-end valuation of approximately USD 641.8 million in 2022, reflecting a robust growth rate of 5.6%, this marks the onset of a progressive trajectory.

Future Market Insights (FMI) forecasts a steady Compound Annual Growth Rate (CAGR) of 4.0% over the seven-year period from 2022 to 2029, signalling sustained expansion. Industries emphasizing precision, texture, and adherence to stringent cleanliness standards, notably in sectors such as food, beverage, and chemicals, underscore the critical importance of product quality. Moreover, as regulatory standards for water quality become increasingly stringent, there is a rapid uptick in demand for various types of turbidimeters to ensure compliance.

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FMI’s insights also shed light on the geographic distribution of this market. North America is expected to take the lead, driven by a higher concentration of water treatment plants in the region. Meanwhile, Europe boasts a substantial share as well, surpassing North America in the Global Turbidimeter market. Together, these two regions are projected to collectively hold a revenue share of 41% in the global market by the conclusion of 2029.

This data underscores the critical role that turbidimeters play in a world where the purity and quality of water are paramount. As industries continue to prioritize adherence to rigorous quality standards, the turbidimeter market is set to play an increasingly vital role in ensuring that products and processes meet the highest standards of cleanliness and purity, safeguarding both consumers and the environment.

Quality maintenance is becoming a priority for various sectors that use analytical testing equipment, and turbidimeters are one of the preliminary equipment utilized for quality analysis. This would remain among the key factors pushing sales of turbidimeter at a global level.

Customers would be inclined towards online turbidimeters in the near future, as they are accurate, quicker, and thus, highly reliable. Moreover, online turbidity monitoring is possible for continuous flow systems with a high measuring range of up to 10,000 NTU.

Key Takeaways – Turbidimeter Market Study:

Turbidity level of potable water has become a serious concern owing to contamination caused by toxic industrial waste and other pollutants. Strict measures are being taken for regulating turbidity levels of water.
Various water treatment and effluent treatment plants (ETP) have been established in order to regulate turbidity and other parameters, which will fuel the growth of market.
Increasing number of desalination plants in the Middle Eastern region is amplifying demand for turbidimeters.
Handheld turbidimeters are gaining traction owing to their compact size and application in time-critical measurements. However, highly accurate analysis is still majorly conducted by benchtop turbidimeters, as they have a wider measurment range.
Currently, sales of benchtop turbidimeters are relatively high in South Asia, because of more popularity of laboratory analysis in various industries.
Prices of benchtop and handheld turbidimeters are comparatively low in East Asia than other regions, owing to the prominent presence of local manufacturers.
Manufacturers are increasingly selling their products online to capitalize on features such as user-friendly interface, easy selection criteria, and price comparison.

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Key Players Profiled:

Thermo Fisher Scientific Inc.
Danaher (Hach) Corp
Emerson Electric Co
Xylem Inc.
METTLER TOLEDO
Merck KGaA
PCE Instruments
Hanna Instruments Inc.
Tintometer Inc.
LaMotte Company

Market Segmentation:

By Portability Type:

Handheld
Stationary

By Application:

On-field
Off-field

By End Use:

Wastewater Treatment
Chemical & Materials
Oil & Gas
Pharmaceutical
Pulp & paper
Food & Beverages
Research & Academia
Others

By Region:

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

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Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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
LinkedIn| Twitter| Blogs | YouTube