Market Research Blog – Page 3038 – New Product Development

Boxboard Packaging Market to Total US$ 116.7 Billion by 2033 | FMI

The global boxboard packaging market is anticipated to reach a valuation of US$ 62.1 billion in 2023, driven by a rise in e-commerce. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 6.5% between 2023 and 2033, and reaching a total valuation of approximately US$ 116.7 billion by 2033.

One of the major factors contributing to the growth of the boxboard packaging market is the versatility and convenience. Boxboard packaging is highly versatile and can be tailored to suit a wide range of products. The boxboard boxes can be designed to accommodate various shapes and sizes, whether it’s cosmetics, electronics, apparel, or food items. The boxboard packaging often comes with convenient features such as easy-to-use closures, handles, and windows for product visibility.

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Boxboard offers excellent protection to products from external impacts during handling, transportation, and storage. Its sturdy and durable nature ensures that delicate or fragile items remain intact and undamaged throughout the supply chain. The retail industry’s expansion, particularly in emerging markets, is propelling the demand for boxboard packaging. The need for attractive and functional packaging solutions in retail stores has led to increased adoption of boxboard boxes for product display and presentation.

Key Takeaways from the Market Study

Global boxboard packaging market was valued at US$ 58.3 billion by 2022-end.

From 2018 to 2022, the market demand expanded at a CAGR of 3.2%.
Asia Pacific is expected to hold a dominant CAGR of 6.4% during the forecast period.

By product type, cartons segment is expected to constitute a CAGR of 6.4% in 2033.
On the basis of end-use, food & beverage segment is expected to dominate the market with a CAGR of 6.4% in 2033.
From 2023 to 2033, boxboard packaging market is expected to flourish at a CAGR of 6.5%.
By 2033, the market value of boxboard packaging is expected to reach US$ 116.7 billion.

“Rapid growth of the food and beverage industry, across the globe, is a major factor that is expected to propel the growth of the boxboard packaging market in the near future,” remarks an FMI analyst.

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Competitive Landscape

Prominent players in the boxboard packaging market are

Stora Enso,
Sappi,
Nippon paper group,
Mondi,
Metsa Board Oyj,
Mayr-Melnhof Karton,
ITC Limited,
International Paper,
DS Smith Plc.,
Huhtamaki Oyj, and
Smurfit Kappa Group PLC,
among others.

Recent Developments:

In 2023, Graphic Packaging International announced the launch of its new line of sustainable boxboard packaging. The new packaging is made from recycled materials and is recyclable in standard paper recycling streams.
In 2022, International Paper announced the launch of its new line of high-performance boxboard packaging. The new packaging is designed to be more durable and protect products during shipping.
In 2021, Mondi Group announced the launch of its new line of compostable boxboard packaging. The new packaging is made from compostable materials and can be disposed of in industrial composting facilities.
In 2021, WestRock announced a new investment of $100 million in a new boxboard packaging manufacturing plant in the United States.

Key Segments Profiled in the Global Boxboard Packaging Market Study

By Product Type:

Boxes
Cartons
Clamshells
Trays
Cups
Dividers
Others (Bottle Carriers, Tubes, etc.)

By Grade:

Virgin
Recycled

By End-Use:

Food & Beverage
Pharmaceuticals
Cosmetics & Personal Care
Homecare
Electrical & Electronics
Automotive
Other Industries

More Valuable Insights Available

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

To understand opportunities in the boxboard packaging market, the market is segmented on the basis of product type (boxes, cartons, clamshells, trays, cups, dividers, and others (bottle carriers, tubes, etc.)), by grade (virgin, and recycled), and by end-use (food & beverage, pharmaceuticals, cosmetics & personal care, homecare, electrical & electronics, automotive, and other industries), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).

About Future Market Insights Inc. (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:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Packaging Testing Equipment Market Booming US $7 Billion Opportunity Driven by Safety & Regulations | FMI

The global packaging testing equipment market is anticipated to soar to new heights in the ensuing ten years, with revenues likely to hit US$ 7,148.5 million by 2033 and a prediction of US$ 3,905.4 million in 2023. According to Future Market Insights, a number of important reasons will likely cause the demand for packaging testing equipment to grow at a strong 6.2% CAGR between 2023 and 2033.

The market for packaging testing equipment is expanding as a result of rising consumer demand for packaged goods, the significance of product safety and quality, and the requirement to adhere to industry rules. The strength, durability, and other physical characteristics of packaging materials are being tested more often thanks to these factors, which have also increased the usage of package testing equipment.

The food sector puts packaging through a battery of tests, such as impact tests, leak and burst detection, permeability analysis, tensile strength testing, and others, to guarantee quality and extend the shelf life of the finished goods. These tests employ a range of package testing apparatus, and the need for sophisticated packaging testing solutions is growing along with the need for high-quality packaging.

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Emerging countries, such as Brazil and India, are presenting favorable conditions for growth in the packaging testing equipment market, with the expansion of local industries and the implementation of new regulations and standards. The increase in the middle-class population in these countries, coupled with rapid urbanization, has led to an increase in consumption and demand for diverse products, creating lucrative opportunities for packaging testing equipment manufacturers.

Key Takeaways from the Packaging Testing Equipment Market:

According to FMI’s analysis, the United States holds a 22.6% share of the North America packaging testing equipment industry in 2022. The packaging testing equipment industry in the United States is expected to be worth $847.9 million by 2033.
Germany accounted for 3.7% of the global packaging testing equipment industry in 2022. In 2022, the German packaging testing equipment industry is expected to be worth US$138.7 million.
The China packaging testing equipment industry is worth US$ 423.6 million in 2022, with a CAGR of 7.16% over the forecast period.
The packaging testing equipment industry in India is expected to be worth US$ 336 million in 2022, with a CAGR of 8.78% during the forecast period.
Because of its fundamental nature in packaging testing, sample/material testing is widely used in the market, accounting for nearly 45% of the market in 2022.
Due to its low cost, plastic is widely used in the packaging industry. In 2022, this segment held 44.6% of the market.

Who is Winning?

The packaging testing equipment market is highly fragmented, with numerous players operating in the market, both local and international. Some of the key players in the market include SGS S.A, Intertek Group plc, Bureau Veritas S.A, TÜV SÜD AG, ALFA LAVAL AB, Ametek Inc., Eurofins Scientific SE, Merck KGaA, and others.

These players are focusing on various strategies, such as mergers & acquisitions, partnerships & collaborations, and new product launches, to expand their market presence and strengthen their position in the market. For instance, in 2019, Intertek Group plc acquired STS Group AG, a Swiss-based provider of technical inspection and certification services, to expand its presence in Europe.

Players are also investing in research and development to develop advanced packaging testing equipment and offer innovative solutions to their customers. This has resulted in the development of new and advanced packaging testing equipment, which has increased the efficiency and accuracy of testing and has also helped in reducing the cost of testing.

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Packaging Testing Equipment Market by Category

By Testing Type:

Sample/ Material Testing
Hardness/ Strength Testing
Surface Testing
Air Properties & Impact Testing
Enclosures & Barrier Testing

By Material:

Plastic
Paper
Metal
Glass

By Content:

Food & Beverages
Healthcare & Pharmaceuticals
Transportation & Logistics
Personal Care Products
Consumer Electronics
Others

By Region:

North America
Latin America
Europe
APAC
Rest of World

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Global Spirits Market Expected to Grow at 4% CAGR, Reaching US$ 90,288.9 Million by 2033

As per various earlier market survey reports, the net worth of total spirits sold globally in the year 2022 stood at US$ 57,123 Million. In accordance with data from Future Market Insights (FMI), the global spirits market value is estimated to be around US$ 59,408 Million in 2023. Further, as per this market report, the market is projected to progress at a CAGR of 4% from 2023 to 2033. By following this moderate CAGR, the overall market value is projected to reach US$ 90,288.9 Million by 2033.

One of the key reasons for the growth of the spirit industries or distilleries is the growing customer base for alcohol use. The overall consumption of different types of spirits, particularly among young people, has increased with the influence of Western cultures in emerging nations.

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In these years, a more developed distribution system used by alcohol producers such as online retailers, has boosted the sales of spirits globally. In addition to this, the expansion and emergence of new bars, restaurants, and hotels serving alcoholic beverages have also strengthened their market trend.

Craft spirits consumption has expanded over the past several years due to reasons including the rising popularity of premium alcoholic beverages among the younger generation. So, craft spirit distillers are also concentrating on creating novel products employing a variety of herbs, spices, botanicals, and fruits to diversify their product lines.

Key Takeaways:

The absolute increment of the overall market over the next ten years is anticipated to be US$ 30,881 Million.
The United States alone accounted for almost 32% of the total spirits consumed in the year 2022.
Germany follows the United States in sales and consumption of spirits and contributed to nearly 15% of the market revenue share in 2022.
The demand for spirits in the United Kingdom is higher than in any other country in Europe and could progress at a 6% CAGR through 2033.
The capacity for the production of spirits in China is higher than in other Asia Pacific countries and during the projected period it could register a CAGR of 6.5%.
India is another emerging country for both consumption and supply of spirits which is poised to progress at 4.6% CAR through 2033.
Japan was figured out to have contributed 1.2% in global sales of spirits in 2022 while the contribution of Australia was only 0.9%.
Among the different types of spirits, the whiskey segment dominates the overall market having a 28% revenue share in the year 2022.
Based on distribution channels, the indirect sales of spirit accrued revenue of 71% in 2022.

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Competitive Landscape:

Diageo plc.
Pernod-Ricard SA
LVMH
Jose Cuervo
Patrón
Beam Suntory
Brown-Forman Corp.
Constellation Brands, Inc.
Remy Cointreau SA
Marnier Lapostolle SA
Belvedere SA
Berentzen-Gruppe AG.
William Grant & Sons
The Edrington Group
Kweichow Moutai Group
Wuliangye
Yanghe Brewery
Daohuaxiang
Luzhou Laojiao
Others

A few of the top producers of spirits are concentrating on taking advantage of the potential presented by the quickly expanding market sectors.

Future business of the spirits industry could shift in favor of the suppliers due to the ongoing introduction of product lines according to local preferences. As bigger spirit producers like Suntory Holding and Pernod Ricard are attempting to capitalize on this, new partnerships are taking place in the market. Acquired regional partners get access to a wider consumer base, and are also permitted to continue operations entirely independently of the new parent company.

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Key Segmentation:

By Product Type:

Vodka
Rum
Whiskey
Gin
Tequila
Other Spirits

By Category:

Mass
Premium

By Application:

Household
Commercial

By Distribution Channel:

Direct Sales Channels
Indirect Sales Channels
- Hypermarkets or Supermarkets
- Specialty Stores
- Independent Retailers
- Online Retailers

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

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 Market for High Impact Corrugated Boxes to reach US$ 95.5 billion in Value by 2033, rising at a 3% CAGR: FMI Report

The global high impact corrugated boxes market is anticipated to reach a valuation of US$ 71.0 billion in 2023, driven by product customization. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 3.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 95.5 billion by 2033.

One of the major factors contributing to the growth of the high impact corrugated boxes market is the protective packaging. The boxes are well-suited for protecting delicate and valuable items during transit. Industries dealing with fragile or sensitive products, such as electronics, glassware, and pharmaceuticals, rely on these boxes to ensure safe delivery to end-users. The ability to safeguard products from potential damages during transportation is a crucial factor driving the adoption of high impact corrugated boxes.

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Stringent regulations on packaging materials and waste management have led companies to seek compliant and sustainable packaging solutions. High impact corrugated boxes made from renewable and recyclable materials align with various environmental regulations, making them a preferred choice for businesses aiming to meet sustainability targets.

High impact corrugated boxes offer an economical packaging solution compared to other alternatives, such as wooden crates or plastic containers. The cost-effectiveness of these boxes, combined with their protective properties and branding opportunities, makes them a cost-efficient choice for businesses of all sizes.

Key Takeaways from the Market Study

Global high impact corrugated boxes market was valued at US$ 69.0 billion by 2022-en
From 2018 to 2022, the market demand expanded at a CAGR of 2.0%.
North America is expected to hold a dominant CAGR of 2.9% during the forecast period
By product type, die cut box segment is expected to constitute a CAGR of 2.9% in 2033
On the basis of end-use, food & beverage segment is expected to dominate the market with a CAGR of 2.9% in 2033.
From 2023 to 2033, high impact corrugated boxes market is expected to flourish at a CAGR of 3.0%.
By 2033, the market value of high impact corrugated boxes is expected to reach US$ 95.5 billion

“Growing consumer awareness regarding environmental issues, across the globe, is a major factor that is expected to propel the growth of the high impact corrugated boxes market in the near future,” remarks an FMI analyst.

Competitive Landscape

Prominent players in the high impact corrugated boxes market are International Paper, D.S. Smith Packaging Limited, Oji Holdings Corporation, Georgia-Pacific LLC, WestRock Company, Elson International LLC, Aero Box LLC, Stamar Packaging Company Pvt. Ltd., Albert Paper Products Co., Associated Sales & Bag Company, G.K.P. Printing & Packaging Ltd., and Kap Group LLC, among others.

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Recent Developments:

In 2023, Huhtamaki announced the launch of its new line of high impact corrugated boxes that are made from 100% recycled materials.
In 2022, Dart Container Corporation announced the launch of its new line of high impact corrugated boxes that are designed to be more sustainable.
In 2021, Graphic Packaging International announced a new partnership with TerraCycle to collect and recycle used high impact corrugated boxes.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global high impact corrugated boxes market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the high impact corrugated boxes market, the market is segmented on the basis of product type (slotted box, folder box, telescope box, and die cut box), by board type (single face board, single wall board, double wall board, and triple wall board), and by end-use (food & beverage, electrical & electronics, homecare, automotive & allied industries, healthcare, personal care & cosmetics, and other industries), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

About Future Market Insights Inc. (FMI)

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FMI Forecasts Champagne Market to Soar to US$ 11.9 Billion by 2033 at 5% CAGR

In recent years, the Champagne Market has embraced sustainability and environmental responsibility. As environmental concerns gained prominence, several Champagne houses implemented eco-friendly practices, from organic and biodynamic viticulture to reducing their carbon footprint during production and distribution.

The Champagne Market is securing a valuation of US$ 7.3 Billion in 2023 and is projected to reach US$ 11.9 Billion by 2033. The market is capturing a CAGR of 5% during the forecast period.

In the world of sparkling wines, Champagne reigns as the epitome of elegance, luxury, and celebration. Originating from the picturesque Champagne region in France, this effervescent drink has captivated hearts worldwide for centuries. Today, the Champagne industry continues to sparkle, embracing innovation while cherishing its rich tradition and heritage.

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Growing Popularity of Champagne to Upsurge the Global Market:

Consumers are fond of champagne due to its sparking unique taste and quality. The popularity of champagne is relatively high in France. The consumers offer each other traditional and high-quality champagne on special occasions and events.

The changing consumer tastes, growing disposable income, and increasing demand for premium drinks are expanding the global market during the forecast period. The food & beverage sector provides champagne with food items to enhance its versatility.

The food and beverage manufacturers are investing in research and development activities to develop better and more sustainable champagne. They are marketing and branding their precious products with exclusive packaging attracting consumers’ attention. The growing distribution networks and e-commerce sector are significantly driving the global market.

Key Takeaways:

The champagne industry is predicted to register a CAGR of 5% with a valuation of US$ 11.9 Billion by 2033.
In the historical period, the market secured a CAGR of 2.2% between 2018 and 2022.
The United States is estimated to lead the global market by securing a share of 25.6% by 2033.
Germany is significantly growing the global market size by capturing a share of 8.4% during the forecast period.
With a share of 5.1%, Japan is anticipated to drive the global market during the forecast period.
Australia is projected to capture a share of 3.1% in the global market by 2033.

How Key Players are Advancing the Global Market?

The market is driven by several key players crucial in upsurging the global market. They are innovating and initiatives constantly to attract consumers’ desires in the market. Key players advancing the global market by various steps:

Innovating New Products: The market is highly fragmented as key players continuously launch innovative products. They are focused on consumers’ requirements and develop the products according to their changing demands.
Investing in Marketing: Key players invest huge amounts in marketing their products to build a trustworthy brand. They are creating sponsorship and partnering with luxury brands to expand their reach.
Investing in Technology: Key players are adopting advanced technology in the market in the champagne industry. They are improving the quality and production process in the market. Several companies are adopting digital sensors to check the temperature and humidity to store champagne in optimal conditions.
Promote Sustainability: Many producers are focusing on the eco-friendly and sustainability of packaging champagne. These producers are likely to reduce their carbon footprints by around 50% by 2025 in the global market.

Recent Developments:

In 2021, Veuve Clicquot launched its certified organic Champagne Extra Brut Extra Old. It comprises organic grapes that reduce carbon emissions by 50%.
In 2021, Piper-Heidsieck announced its newly launched Champagne Rare. This champagne is made up of eight vintages and organically grown grapes.
In 2021, Moet & Chandon announced its newly launched Champagne MCIII. The company initiated a sustainable program ‘Living Ties’ to reduce environmental issues.

Key Players Are:

Laurent Perrier
Centre Vinicole – Champagne Nicolas Feuillatte
Louis Vuitton SE
Taittinger
Pernod Ricard
LANSON-BCC
Thiénot Bordeaux-Champagnes
Piper-Heidsieck, Pommery
Veuve Clicquot Ponsardin

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Key Segmentations:

By Price Range:

Economy
Mid-range
Luxury

By Sales Channel:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Clinical Hand Hygiene Products Market: Soaring to US$ 6 Billion by 2033 with a Powerful 7.5% CAGR

The war against germs is heating up, and the clinical hand hygiene product market is wielding the ultimate weapon – a projected market value of US$ 6 Billion by 2033, fueled by a staggering 7.5% CAGR. Decision-makers in the healthcare industry, this is your chance to become a champion for patient safety and capitalize on a rapidly growing market. Here’s why you should join the fight:

A Global Focus on Cleanliness:

Hygiene Awareness on the Rise: Heightened awareness of the importance of hand hygiene is driving market growth. Offer products that empower people to prioritize cleanliness.
A Legacy of COVID-19: The pandemic’s impact is far-reaching. Capitalize on the ongoing demand for effective clinical hand hygiene solutions.
Government Mandates & Support: Government initiatives promoting hand hygiene are bolstering the market. Align your brand with these efforts and promote compliance.

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North America: A Lucrative Battleground:

Leading the Charge: North America dominates the clinical hand hygiene market, fueled by COVID-19 and rising hospital-acquired infections. Establish your presence in this key region.
Soaring Awareness: Increased awareness in the US presents significant growth potential. Develop educational campaigns alongside your products to raise further awareness.
A Culture of Compliance: Government and healthcare organizations in the US actively promote hand hygiene initiatives. Offer solutions that facilitate compliance within healthcare settings.

Innovation is Key to Victory:

Advanced Solutions: Develop innovative hand sanitizers and soaps with superior efficacy while maintaining skin-friendliness.
Compliance Tools: Go beyond traditional products by offering tools that monitor and promote hand hygiene compliance.
Embrace Research & Development: Invest in R&D to continuously improve product formulations and effectiveness.

A Decision-Maker’s Guide to Success:

Focus on Prevention: Position your brand as a leader in preventing the spread of infections through effective hand hygiene solutions.
Target Multiple Stakeholders: Develop products that cater to healthcare facilities, individual healthcare professionals, and even consumers for personal use.
Compliance is King: Prioritize the development of tools and educational resources that promote hand hygiene compliance within healthcare settings.
Embrace Innovation: Continuously invest in research and development to offer cutting-edge hand hygiene solutions that meet the evolving needs of the healthcare industry.

The clinical hand hygiene market represents a battleground for patient safety and a lucrative opportunity for your brand. By focusing on prevention, compliance, and innovation, you can become a trusted partner in the fight against infection and achieve significant growth.

Market Dynamics

Drivers for Clinical Hand Hygiene Products Market

Increasing brand conciseness among end-users and increasing customer’s awareness towards hygienic products care is expected to positively influence growth of the clinical hand hygiene products market during the forecast period. Moreover, increasing retail space for clinical hand hygienic products in department stores is positively influencing market growth.

On other hand increasing availability of the clinical hand hygienic products in the medical stores because of their increasing recommendation by doctor is expected to significantly drive growth of the market across the globe.

Trends for Clinical Hand Hygiene Products Market

Customer’s continuous surge for natural hand hygienic products are encouraging key players to manufacture natural clinical hand hygienic products. Thus companies in clinical hand hygienic product market are focusing on advertisement of product targeting natural ingredients. This is significantly boosting sales of the clinical hand hygienic products across the globe.

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Opportunities for Clinical Hand Hygiene Products Market

Growth of organic clinical hand hygienic products is expected to be the opportunity for the companies in global clinical hand hygienic products market. Moreover, through increasing key company’s penetration in Latin America and Middle East & Africa they are expected to face a significant revenue growth during the forecast period.

Challenges for Clinical Hand Hygiene Products Market

Less awareness towards original clinical hand hygienic products among customers in rural areas is expected to challenge the growth of key players in the global market. On other hand certification and strict import-export regulation related to chemical hand hygienic products is challenging growth of the players in the global market.

Clinical Hand Hygiene Products Market: Regional Outlook

North America is expected to hold a significant market value share in the global clinical hand hygiene products market due presence of large number of key players in the market. Moreover, increasing customer’s expectation for skin friendly and natural products in the region is expected to fuel growth of the clinical hand hygiene product market during the forecast period.

Europe is expected to witness a significant growth in the clinical hand hygiene products market due to increasing growth of pharmaceuticals industry. Product innovation pertaining to enhanced packaging and active ingredient is a key trend adopted by the players in the region which is witnessing a significant growth of the clinical hand hygiene products market in Europe.

Rapidly increasing customer’s awareness towards personal hygienic in South Asia and East Asia is positively influencing growth of the clinical hand hygienic products market in these regions. Moreover, increasing company’s focus on pushing the product in the market by active campaign in Latin America is expected to fuel growth of the clinical hand hygienic products market in the region.

Key Players

Some of the prominent players operating in the global clinical hand hygiene products Market are Reckitt Benckiser Group plc., Himalaya Herbal Healthcare, Unilever, Procter & Gamble, Clean Well, Pfizer, Vi-Jon, Inc, Johnson & Johnson, Uline, Eo Products, Kao Corporation and others among others. These players are expected to positively influence growth of the clinical hand hygiene products market during the forecast period.

Market Segmentation

On the basis of type

Hand Soaps
Hand Sanitizers
Hand Washing Faucets
Compliance Tools
Others

On the basis of nature

Natural and Organic Ingredient Based
Chemical Ingredient Based

On the basis of price range

Mass
Premium

On the basis of end-use

Residential
Commercial

On the basis of distribution channel

Direct
Indirect
Wholesalers/Distributors
Hypermarkets/Supermarkets
Specialty Stores
Beauty Stores
Independent Small Stores
Online Sales Channel
Others

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Foam Cooler Box: The Perfect Companion for Outdoor Adventures; a 6.6% CAGR is Anticipated in the Foam Cooler Box Market until 2033.

According to new market research conducted by Future Market Insights (FMI), sales of foam cooler boxes are anticipated to soar at a 6.6% CAGR, hitting US$ 1.72 billion in 2023. By 2033, the foam cooler box market is projected to exceed US$ 3.26 billion at this compound annual growth rate.

Over the past ten years, the foam cooler box industry has grown significantly in response to customer desire for flexible packaging that is both useful and environmentally benign.

The growth of outdoor activities like as picnics and camping has also aided in the market’s progress. Robust foam cooler boxes are highly sought after due to rising discretionary income levels and the expanding popularity of private label products.

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Adopting foam cooler boxes also has the virtue of large sizes and light weights. Given this, an insulated cooler is not the best choice for separate handles; instead, a foam cooler box is.

A traditional plastic or metal cooler usually does not exist in the same choice of sizes and configurations as a foam cooler box. It’s expected that demand for foam cooler boxes with various handling options will rise.

The food industry prefers foam cooler boxes because they are less expensive than metal and plastic coolers. Food is kept fresher for longer thanks to the foam cooler box’s exceptional insulating capabilities. For the storage of fish products, a foam cooler box is also advised.

The market has benefited from the drive toward sustainable development and environmental friendliness. To address the increased demand for sustainable packaging options, manufacturers are putting a great emphasis on developing foam cooler boxes from eco-friendly materials including recyclable and compostable polyurethane.

Owing to the pharmaceutical sector’s increasing application of foam cooler boxes, the United States is the market leader in this niche. Foam cooler boxes used in pharmaceuticals are expanding at a decadent rate in Europe, particularly in nations like Germany. China is likely to be the top producer and user of foam cooler boxes in the Asia Pacific region and is anticipated to have a big market opportunity during the forecast period.

Key Takeaways

The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 5.43% through 2033.
The United States dominated the market in 2022 holding a 21.2% share of the global market.
In 2022, Japan held a 4.8% market share globally.
With a CAGR of 10.11% from 2023 to 2033, India is expected to advance significantly in the market.
The market in China is expected to proliferate, registering a CAGR of 9.01% over the forecast period.
Germany accounted for 3.7% of the global market in 2022.

Competitive Landscape:

The top manufacturers of the foam cooler box market are Igloo Products Corporation, The Coleman Company, Inc., Sonoco ThermoSafe, Cool Ice Box Co Ltd, Coldchain Technologies, Inc., Plastilite Corporation, Pelican Products, Inc., MacNeill Pride Group (ORCA), Bison Coolers, RTIC Outdoors LLC, Koolatron US, Aohong Industry Co., Ltd., Rodman Plastics Company Ltd., Carris Pipes & Tubes Pvt. Ltd., and others.

These companies have used several strategies to outperform their rivals. They give top emphasis to innovation, boosting output and quality, providing top-notch customer service, implementing cost-cutting measures, differentiating their products and services, and creating a strong brand identity. By launching new goods, making acquisitions, establishing alliances, restructuring their businesses, and working together, they have increased their client base and revenue.

Market Segmentation

By Capacity:

Up to 25 Quart
26-75 Quart
Above 150 Quart

By Carrying Method:

Side Handles
Lid Handles
Shoulder Strap

By Material type:

Expanded Polystyrene
Expanded Polypropylene

By End-use Industry:

Food & Beverages
Pharmaceutical
Cosmetics & Personal Care

By Region:

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

Recent Developments:

In November 2022, to lease the revolutionary Pegasus ULD® temperature-controlled bulk shipping container, Sonoco ThermoSafe and Qatar Airways Cargo established a global strategic collaboration. A direct connection to Pegasus ULD® containers from Qatar Airways Cargo is made possible by the arrangement for pharmaceutical freight forwarders. This approach is a subset of Qatar Airways Cargo’s Next Generation strategy.
In July 2022, Yeti Coolers, LLC launched Roadie 48 and Roadie 60. These two brand-new coolers are the company’s premium mobile hard coolers to existence. These coolers include telescopic trolley handles instead of the Haul’s non-extendable, wagon-style handles, which more accurately represent a transportable carry-on bag.

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Essential Oil Containers Market is Projected to Grow at a CAGR of 8.2% by 2033, Totaling Around US$ 138.0 Billion | FMI

The global essential oil containers market is anticipated to reach a valuation of US$ 62.7 billion in 2023, driven by growing popularity of aromatherapy. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 8.2% between 2023 and 2033, and reaching a total valuation of approximately US$ 138.0 billion by 2033.

One of the major factors contributing to the growth of the essential oil containers market is expanding beauty and personal care industry. The beauty and personal care industry has experienced remarkable growth, with consumers becoming more conscious of using natural and organic products.

Essential oils are widely used in various cosmetic formulations, including skincare, hair care, and perfumes. The demand for aesthetically appealing and functional containers that complement the premium image of natural products is driving the essential oil containers market.

The advent of e-commerce and direct-to-consumer sales channels has revolutionized the retail landscape, allowing essential oil manufacturers and retailers to reach a wider audience. Essential oil containers must be designed to withstand shipping and handling while ensuring product integrity, to meet the packaging requirements of online sales. Tamper-evident caps and leak-proof packaging are some of the features gaining popularity in this context.

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Consumers are becoming more conscious of their choices and prefer products with eco-friendly packaging, with increasing environmental concerns. The trend has propelled manufacturers to explore sustainable materials for essential oil containers, such as glass and recyclable plastics. Containers made from post-consumer recycled materials and those designed for reuse or recycling are gaining traction among environmentally conscious consumers.

Key Takeaways from the Market Study

Global essential oil containers market was valued at US$ 58.0 billion by 2022-end.

From 2018 to 2022, the market demand expanded at a CAGR of 4.4%.
Asia Pacific is expected to hold a dominant CAGR of 8.1% during the forecast period.

By material type, HDPE bottles segment is expected to constitute a CAGR of 8.1% in 2033.
On the basis of end-use, cosmetics & personal care industry segment is expected to dominate the market with a CAGR of 8.1% in 2033.
From 2023 to 2033, essential oil containers market is expected to flourish at a CAGR of 8.2%.
By 2033, the market value of essential oil containers is expected to reach US$ 138.0 billion.

Safety and child-resistant packaging, across the globe, is a major factor that is expected to propel the growth of the essential oil containers market in the near future, remarks an FMI analyst.

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Competitive Landscape

Prominent players in the essential oil containers market are Guangzhou Jiaxing Glass Products Co., Ltd., G. Glass Factory, Carow Packaging, Inc., SKS Bottle & Packaging, Inc., The Grasse Fragrance Co., Baralan International S.p.A., Radcom Packaging Pvt Ltd, Hangzhou 3 Star Craftwork Glass Co., Ltd., O.BERK, Stoelzle Glass Group, Kazima Cosmetics, Katyani Exports, and Aromaaz International, among others.

Recent Developments:

In 2023, Baralan International S.p.A. introduced a new line of essential oil bottles with a variety of features to improve their safety and security. The features include a tamper-evident seal, a child-resistant closure, and a spill-proof design.
In 2022, G. Glass Factory introduced a new line of essential oil bottles with a built-in diffuser. The diffuser helps to distribute the essential oil evenly in the air, making it easier to inhale the benefits of the oil.
In 2022, Carow Packaging, Inc. launched a new line of essential oil bottles with a child-resistant closure. The closure helps to prevent children from opening the bottles and accidentally ingesting the essential oils.

More Valuable Insights Available

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

To understand opportunities in the essential oil containers market, the market is segmented on the basis of material type (glass, and plastic), by product type (bottle, and jars), closing style (caps, droppers, horizontal dropper, vertical dropper, pump dispenser, and others), capacity (upto 20 ml, 20 ml to 50 ml, 50 ml to 100 ml, 100 ml to 200 ml, and above 200 ml), and by end-use (cosmetics & personal care, pharmaceuticals, food & beverage, household, chemicals, and others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

Key Segments Profiled In The Global Essential Oil Containers Market

By Material Type:

Glass
Plastic

By Product Type:

Bottle
Jars

By Closing Style:

Caps
Droppers
Horizontal Dropper
Vertical Dropper
Pump Dispenser
Others

By Capacity:

Upto 20 ml
20 ml to 50 ml
50 ml to 100 ml
100 ml to 200 ml
Above 200 ml

By End Use:

Cosmetics & Personal Care
Pharmaceuticals
Food & Beverage
Household
Chemicals
Others

By Region:

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

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Nandini Singh Sawlani

Global Portable Cardiology Ultrasound Systems Market Set for Strong Growth, Expected to Reach US$ 3.39 Billion by 2032

The global portable cardiology ultrasound systems market is on a significant growth trajectory, with a current valuation of US$ 2.08 billion in 2022 and an expected rise to US$ 3.39 billion by the end of 2032. This robust growth, forecasted at a compound annual growth rate (CAGR) of 5%, underscores the increasing demand and broadening applications for portable cardiology ultrasound systems worldwide.

The surge in market growth is primarily fueled by the technological advancements in echocardiography and its advantages over traditional, more invasive cardiac diagnostic methods. With cardiovascular diseases leading as a major cause of fatalities globally, there is a heightened public and medical community focus on preventative care and diagnostics, further propelling the demand for innovative and accessible cardiac care solutions like portable ultrasound systems.

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The expansion of the market is notably driven by the necessity for compact and efficient diagnostic tools in environments with space constraints, the need for remote healthcare delivery, and in-field medical evaluations, such as in military contexts. The mobile ultrasound devices segment, in particular, is anticipated to witness the fastest growth. This trend is in line with the increasing requirement for ambulatory care and the ability to conduct ultrasonography in remote locations, offering timely and efficient cardiac evaluations and care.

The utilization of portable ultrasound systems spans various medical fields, including cardiology, endocrinology, paediatrics, and radiology, highlighting the versatility and critical role of these devices in modern healthcare. These systems are integral to multiple stages of cardiac assessment, providing rapid diagnostics that are crucial for timely intervention.

Moreover, advancements in computer software are expected to enhance the market further. These developments aim to improve imaging quality, reduce the size of the devices, and shorten test durations, thereby enhancing the overall efficiency and effectiveness of portable cardiology ultrasound systems.

As the market for portable cardiology ultrasound systems continues to expand, it represents a significant area of opportunity for healthcare providers, device manufacturers, and technology innovators alike. The anticipated growth and technological advancements in this sector are set to redefine cardiac care, making it more accessible, efficient, and effective for patients around the world.

Portable Cardiology Ultrasound Systems Market: Drivers and Restraints

Drivers:

Rising prevalence of cardiovascular disease: As the global population ages, there’s a corresponding increase in cardiovascular diseases like coronary artery disease, heart failure, and valvular heart disease. This creates a greater need for diagnostic tools like portable ultrasound systems for timely diagnosis and treatment.
Advancements in technology: Improvements in computer software enable high-quality images with smaller, portable systems. Additionally, these advancements can streamline the examination process, reducing the time needed for each exam.
Portability and ease of use: Compared to traditional ultrasound machines, portable systems are more convenient to transport and require less space. This makes them ideal for various clinical settings, including emergency medicine, critical care units, and remote locations.
Adoption by healthcare professionals: The growing acceptance of portable ultrasound systems among physicians, nurses, and other healthcare professionals further fuels market growth.

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Restraints:

High costs: Portable cardiology ultrasound systems can be expensive, limiting adoption in some healthcare facilities, particularly in resource-constrained settings.
Limited skilled workforce: Operating these systems requires trained and experienced professionals. A lack of such personnel can hinder the widespread use of these devices.

Overall, the portable cardiology ultrasound system market is expected to grow due to the increasing demand for faster and more convenient diagnostic tools for cardiovascular diseases. However, high costs and workforce limitations are challenges that need to be addressed for wider adoption.

Portable Cardiology Ultrasound Systems Market: Key Players

Some of the key players of portable cardiology ultrasound system market are Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers, Esaote nasce, Providian Medical’s. Other prominent players in portable cardiology ultrasound system market are Chison Medical Imaging,ALPINION Medical, Systems, Medgyn Products, Inc., Telemed Medical Systems.

Portable Cardiology Ultrasound Systems Market: Segmentation

The global portable cardiology ultrasound system market is classified on the basis of technology, product type and end user.

Based on technology, the global portable cardiology ultrasound system market is segmented into the following:

2D Portable Cardiology Ultrasound System
3D Portable Cardiology Ultrasound System

Based on end user, the global portable cardiology ultrasound system market is segmented into the following:

Hospitals
Cardiovascular Clinics
Echocardiography and Vascular Laboratories
Diagnostic Laboratories
Ambulatory Surgical Centers

Based on region, the global portable cardiology ultrasound system market is segmented into the following:

North America
Europe
Asia Pacific
Rest of the World

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Anti-Fatigue Skincare Products Market: Energize Your Brand with a Growth Spurt to US$ 25.75 Million by 2032

The fast-paced world is catching up with our complexions, and the anti-fatigue skincare products market is here to energize! Projected to reach a healthy US$ 25.75 Million by 2032 with a CAGR of 4.5%, this market offers a lucrative opportunity for decision-makers in the beauty industry. Here’s why you should be part of the solution:

Combating the Signs of a Busy Life:

Urban Jungle Woes: The unhealthy habits and hectic schedules of urban life lead to tell-tale signs of skin fatigue – dullness, puffiness, and dark circles. Offer solutions that combat these concerns.
Long Hours, Longing for Radiance: Long workdays and constant travel take a toll on skin health. Provide effective anti-fatigue products that help users regain their natural glow.
A Multitude of Solutions: Cater to diverse needs with a range of anti-fatigue products – creams, gels, and oils – formulated for specific skin-soothing benefits.

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Capitalize on Global Growth:

Urbanization on the Rise: As urbanization accelerates, awareness of anti-fatigue skincare solutions increases. Position your brand for this growing market segment.
A Booming Beauty Landscape: Globalization opens doors to new markets for anti-fatigue skincare products. Expand your reach and tap into this international potential.
Reaching New Audiences: Department stores and specialty retailers are welcoming new players. Develop innovative products to capture the attention of new customers.

Meeting the Needs of Modern Consumers:

Convenience is Key: Busy lifestyles demand quick and effective solutions. Develop products that address fatigue signs readily.
Digital Detox for Your Skin: Combat the negative effects of pollution and sun exposure with targeted anti-fatigue solutions.
The Power of Influence: Utilize influencer marketing and celebrity endorsements to promote your brand and reach wider audiences.

A Decision-Maker’s Guide to Success:

Focus on Efficacy: Invest in R&D to develop highly effective anti-fatigue products that deliver visible results.
Multifunctional Marvels: Cater to consumer demand for multi-tasking anti-fatigue products that address various concerns.
Embrace Natural Ingredients: The organic and natural skincare movement is booming. Offer anti-fatigue solutions with natural, plant-based ingredients.
Leverage Technology: Utilize social media and content marketing to educate consumers about anti-fatigue skincare and the benefits of your products.

The anti-fatigue skincare market is brimming with potential. By understanding consumer needs, focusing on product efficacy, and capitalizing on global trends, your brand can become the go-to solution for combating tired skin and promoting a healthy, vibrant complexion.

Anti-Fatigue Skincare Products Market: Market Dynamics

Persistent dryness, large pores, puffiness, uneven skin tone, dark circles, and dryness are a few of the indications for skin fatigue. Some of the factors contributing to the anti-fatigue skincare products market growth are lack of sleep, smoking, lack of exercise, unhealthy diet, pollution and sun exposure, and constant stress.

These signs of skin fatigue can be neutralized by using topical products with correct ingredients. Increased internet usage, increase in disposable income, and strategic marketing by the companies have fuelled the anti-fatigue skincare products market growth significantly.

Manufacturers are estimated to invest more in research and development for formulations of new products with increased effectiveness. Multi-feature anti-fatigue products are forecasted to have a prominent demand from the consumers.

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Moreover, anti-fatigue skincare products with an organic source of nature are estimated to flourish the market with growing opportunities. Manufacturers are anticipated to connect with customers on social media to increase their sales. The growing interest of consumers in the skincare industry is a boon for anti-fatigue skincare products.

Anti-Fatigue Skincare Products Market: Regional Outlook

The region-wise study of anti-fatigue skin care products market is classified into North America, Latin America, South Asia, East Asia, Europe, the Middle East and Africa, and Oceania. East Asia has a prominent market for anti-fatigue skincare products market with many leading cosmetics companies’ presence and high investment in research and development for formulations of products.

Followed by North America and Europe, the anti-fatigue skincare products market has a significant market share. The high awareness of the anti-fatigue skincare products available in the market and a high disposable income of the population boost the market growth in these regions.

South Asia and Latin America are the most emerging regions for anti-fatigue skincare products market. The growth of anti-fatigue skincare products market in these regions is because of the growing economy of the countries, increasing market players’ presence, and growing concern of the population on skincare.

Oceania and the Middle East and Africa (MEA) are estimated to have a high rate of growth for the anti-fatigue skincare products market owing to high awareness level of consumers about the variety of anti-fatigue skincare products available in the market.

Anti-Fatigue Skincare Products Market: Key Players

Some of the major players in the anti-fatigue skincare products market are L’Oréal, REN Clean Skincare, Shiseido Company, Limited, Lancome, Estée Lauder Companies, Bio Veda Action Research Co., Groupe Clarins SA, Revlon, The Ales Group, Patentes Talgo S.L.U., S.A. Thalgo T.C.H., Christian Dior SE, and among others. These key market players are estimated to enhance anti-fatigue skincare products market growth with innovative product formulations, product launches, consumer sentiments connection on social media, and strategic promotional and marketing approaches.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

Malaysia
Thailand
Vietnam
Philippines
Indonesia

Author

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani