Market Research Blog – Page 3218 – New Product Development

Hydrolyzed Starch Market Projected to Surpass US$ 21.8 Billion by 2032, Fueled by a Strong 5.7% CAGR

The global hydrolyzed starch market was valued at US$ 12.4 billion in 2022 and is predicted to rise at a CAGR of 5.7% in terms of revenue between 2022 and 2032, reaching US$ 21.8 billion in 2032.

Hydrolyzed starch is an artificial sugar alcohol derived from starch. It is made from maize starch and other basic materials like rice, wheat, and potato starch. Many food preparations include hydrolyzed starch. It adds texture and volume and can also act as a humectant to keep moisture in.

Hydrolyzed starch is also thought to have a laxative effect. It does not occur naturally in plants or fruits, thus it is created artificially. It is commonly utilised as a key ingredient in low-calorie foods and sugar-free candies, and it is commercially available as a sugar alcohol. Other items that contain hydrolyzed starch include chewing gum, ice cream, baked products, jams, and spreads.

Hydrolyzed starch is mainly used as a sweetener. Artificial sweeteners, such as hydrolyzed starch, are gaining popularity due to growing consumer demand for low-calorie foods.

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Growing consumer demand for low calorie foods to drive market growth

Hydrolyzed starch has become an essential ingredient in foods and beverages, primarily because of its nutritional, sensory and functional properties. In recent years, the production and application of hydrolyzed starch has increased rapidly. The food industry is increasingly replacing sugar with hydrolyzed starch-based sweeteners. High demand in the confectionery industry is expected to act as a key driver for the market. Approval from regulatory agencies such as FDA and EFSA for the use of hydrolyzed starch as a food ingredient has significantly boosted the market. Food service companies are leaning towards hydrolyzed starch-based sweeteners to meet consumer demand for low-calorie foods.

Key Players in Global Hydrolyzed Starch Market:

Key players operating in the global hydrolyzed starch market are Lyckeby, Cargill Inc., BASF, DowDuPont, Lanxess Aktiengesellschaft, Mitsui Chemicals, Shell International, Covestro, Stepan Company, Sweetener Products Company, SPI Polyols, Inc., Roquette America Inc. . ., Tereos Starch & Sweeteners, Archer Daniels Midland, Tongaat Hulett Starch and Ingredion et al.

Key Advances in Hydrolyzed Starch Global Market:

The hydrolyzed starch market is expected to grow significantly in the coming years. The expanding food industry will drive the overall growth of the market. Several product launches have been witnessed in the past decade. For example, in November 2016, Ingredion, an Illinois-based ingredient supplier, launched SWEETIS using hydrolyzed starch as its primary sugar alcohol. SWEETIS offers a sugar-like taste with fewer calories. Likewise, new sweetener products have been launched across Asia Pacific in recent years.

Opportunities for hydrolyzed starch participants:

The pharmaceutical segment is expected to register a healthy CAGR in the market. Hydrolyzed starch is used as a body agent in numerous pharmaceutical applications such as tablets and syrups. Suppliers can capitalize on the production of hydrolyzed starch-based products for use in pharmaceutical applications.

In the United States, hydrolyzed starch is recognized as GRAS (Generally Recognized as Safe) by the Food and Drug Administration (FDA). Therefore, there is an opportunity for suppliers who want to enter the market.

In Europe, about half of food service companies offer processed foods using wheat-based hydrolyzed starches, such as maltodextrin and glucose syrup. Demand for wheat-based hydrolyzed starch in Europe remains strong and the same trend is expected throughout the forecast period.

A brief approach to research:

A modeling-based approach and triangulation methodology will be followed to estimate the data covered in this report. Following a detailed market understanding and evaluation of the applications, types, forms, and end uses of the product segments covered in the study, a demand-side approach is taken to estimate and cross-reference revenues for the target product segments. With a supply-side valuation of the value generated over a predefined time period. Statistics and data are gathered at the regional level, and aggregated and synthesized globally to estimate overall market size.

Hydrolyzed Starch Market – Market Segmentation

By Nature, the Hydrolyzed Starch market is segmented into:

Organic
Conventional

By Functionality, the Hydrolyzed Starch market is segmented into:

Sweetening
Moisture Retainer
Texturizing

By End-use, the Hydrolyzed Starch market is segmented into:

Bakery
Confectionary
Dairy
Jams and Spreads
Beverages
Pharmaceuticals
Others

By Source, the Hydrolyzed Starch market is segmented into:

Rice
Wheat
Potato
Others

By Form, the Hydrolyzed Starch market is segmented into:

Powder
Coarse-Grain
Granulated

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Bioplastic Packaging Bag Market Set to Skyrocket to US$ 49 Billion by 2033, Driven by Remarkable 14.6% CAGR

The global bioplastic packaging bag market is poised for explosive growth, with a projected CAGR of 14.6% from 2023 to 2033. This translates to a market value reaching US$ 49 billion by 2033, compared to US$ 12.5 billion in 2023.

Sustainability Drives Demand for Bioplastic Packaging

The market surge is driven by a growing global focus on sustainability and reducing environmental impact. Bioplastic packaging bags offer a compelling alternative to traditional plastic bags, as they are:

Biodegradable: Minimizing long-term waste and pollution.
Made from Renewable Resources: Promoting sustainability compared to petroleum-based plastics.
Eco-Friendly: Appealing to environmentally conscious consumers.

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Government Regulations and Consumer Preferences Align

Government Initiatives: Stricter regulations on plastic waste and increasing support for biodegradable alternatives are propelling market growth.
Shifting Consumer Preferences: Consumers are increasingly opting for eco-friendly products, driving demand for bioplastic packaging solutions.

Bioplastics: A Versatile Solution Across Industries

Bioplastic packaging bags offer a wide range of applications, including:

Rigid Packaging: Creams, powders, lipsticks, and beverage bottles.
Flexible Packaging: Food and beverage products.

The market is further fueled by:

Rising R&D Investments: Producers are continuously innovating and improving bioplastic technology.
Increased Shelf Life: Bioplastics can enhance product shelf life through features like antibacterial coatings.

Europe Leads the Way, with North America Following Closely

Europe: Currently holds the largest market share (33.4% in 2021) due to stringent environmental regulations and consumer awareness.
North America: Expected to experience significant growth due to rising demand for bio-based packaging in food and consumer goods sectors.

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Market Drivers

Environmental Concerns: Heightened awareness of environmental issues and the need to reduce plastic waste have led to an increased demand for eco-friendly packaging solutions, including bioplastic packaging bags.
Sustainability Initiatives: Companies across various industries are adopting sustainability goals and initiatives, which often involve the use of biodegradable and renewable packaging materials like bioplastics.
Government Regulations: Governments worldwide are implementing regulations and policies aimed at reducing single-use plastics and encouraging the use of biodegradable alternatives.
Consumer Awareness: Growing consumer awareness and preferences for environmentally responsible products have driven the adoption of bioplastic packaging, as consumers seek products with reduced environmental impact.
Biodegradability: Bioplastic packaging bags are favored for their biodegradable nature, making them a sustainable alternative to traditional plastics.
Reduced Carbon Footprint: The production of bioplastics generally has a lower carbon footprint compared to petroleum-based plastics, contributing to their appeal.
Market Demand: Increasing demand for eco-friendly packaging across various industries, including food and beverages, healthcare, and consumer goods, is driving the growth of the bioplastic packaging bag market.
Innovation and Research: Ongoing research and development efforts in the field of bioplastics are resulting in improved materials and processing methods, expanding the applications of bioplastic packaging bags.
Cost Competitiveness: As the production costs of bioplastics continue to decrease, they are becoming more cost-competitive with traditional plastics, further promoting their use.
Brand Image and Differentiation: Companies are using bioplastic packaging to enhance their brand image, meet sustainability goals, and differentiate themselves in the market.

Leading Players

Xtex Polythene Ltd.
Wells Plastics Ltd.
Shabra Group
Ampac Holdings LLC
International Plastics Inc.
Abbey Polyethene
Bulldog Bag Ltd.
Sarah Bio Plast
Sahachit Watana Plastic Industry Co., Ltd.
EXTRAPACK Ltd.
Symphony Polymers Pvt. Ltd.
JUNER Plastic Packaging Co.
Dagoplast AS

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Segmentation

Material:

Polyhydroxyalkanoates (PHAs)
Polylactic Acids (PLAs)
Starch Blends
Others

Type:

Flat bags,
Rubble sacks
Gusseted Bags
Woven Sacks
Trash bags
T-shirt bags
Others

Application:

Industrial
Institutional
Retail Sector
Consumer users.

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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 Renewable Naphtha Market, Predicting a Staggering US$ 1698 Million Valuation by 2033 Amidst Rising Eco-Friendly Plastic Alternatives Demand

Increasing fuel blending practices in order to comply with new regulations concerning fuel composition will also increase demand for renewable naphtha. According to Future Market Insights, the renewable naphtha market will be worth US$ 466.58 million in 2023 and US$ 1698 million in 2033, with a CAGR of 13.7%.

The use of renewable naphtha by refineries is a great way to provide a low-carbon alternative fuel for their customers. The use of bionaphtha in petrochemicals and gasoline blendstock to replace oil-based naphtha is growing significantly. A bionaphtha fuel can be used in gasoline blending pools both as a complement to ethanol and ETBE and also as a replacement.

Naphtha made from renewable resources has several advantages, including low carbon intensity and renewable alternatives to traditional naphtha. A variety of products, including plastics, bioplastics, and renewable gasoline, can be produced by using biomass sources such as agricultural waste and algae. The environmental impact of fuel production can be minimized by using renewable naphtha instead of traditional fossil fuels. Naphtha made from renewable resources can help diversify fuel supplies and reduce dependence on fossil fuels.

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Aromatic compounds can also be produced from renewable naphtha. Consumer demand and European Union regulations have made naphtha an increasingly valuable resource for plastics made from non-fossil sources. As demand for plastic-based products such as bespoke articles, home decor, and electronics grows, sales of renewable naphtha in the plastic production segment are on the rise. The demand for renewable naphtha is increasing as automakers and governments across the United States, India, and China promote the use of bio-based fuels.

Key Takeaways in the Renewable Naphtha Market

Nearly 33% of sales are expected to be generated by Germany in Europe by 2031, making it the fastest-growing country in Europe.
The market is forecast to be dominated by China in 2023, accounting for 82% of the market share.
There are projections that the light naphtha segment will hold approximately 96% of the near-term market for renewable naphtha.
Feed for plastic production is expected to account for nearly 76% of global feed sales by 2033.
Renewable naphtha consumption in India is expected to grow at 9.6% CAGR in 2033.

“As synthetic plastics regulations tighten and emissions increase, the market will gain traction due to the increased use of petrol and diesel. Renewable naphtha demand is expected to increase due to advances in technologies such as NExBTL over the next few years,” says an FMI analyst.

Competitive Landscape in the Renewable Naphtha Market

The number of renewable naphtha producers has expanded and penetrated new markets both organically and inorganically over the past few years. Expansion of production capacity and increase their market share, key companies are developing new production facilities, merging with other players, acquiring companies, and signing agreements with them. The key industry players are :

Neste Oyj.
ENI
Darling Ingredients Inc.
CNPC
Diamond Green Diesel
Renewable Energy Group, Inc.
Marathon Petroleum Corp
Preem
Philips 66
UPM Biofuels

Market Developments Include:

In June 2023, Lumene, a Finnish beauty brand, introduced a bio-based packaging application utilizing material produced by UPM and processed by Sabic. UPM BioVerno naphtha, produced by UPM in Finland, is the source of Lumene’s new jar and self-adhesive label. Cooperating with UPM and Sabic, the firm is driving the transition to renewable resources and taking the next step on its sustainability journey.
In June 2023, EcoCeres, Inc. announced plans to build a biofuels plant in Pasir Gudang, Johor. An annual capacity target of 350,000 t will be achieved at the facility, which will produce hydrotreated vegetable oils, renewable aviation fuels, and renewable lubricants. The construction of a sustainable biofuel facility will start with the help of EcoCeres, resulting in significant implications for the nation and state as a whole.

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More Valuable Insights Available

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

To understand opportunities in the renewable naphtha market, the market is segmented on the basis of product type (light naphtha and heavy naphtha), and application (fuel blending, feed for H₂production, and feed for plastics production), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).

Renewable Naphtha Market by Category

By Product Type:

Light Naphtha
Heavy Naphtha

By Application:

Fuel Blending
Feed for H2 Production
Feed for Plastics Production
- Ethylene
- Propylene
- Butadiene
- Others

By Region:

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

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Spreading Success: Flax Milk Market Reaches US$ 71.1 Million by 2032 | Future Market Insights

The global flax milk market is expected to reach a market valuation of US$ 71.1 Million by the year 2032, by accelerating with a CAGR of 5.6% over the years 2022 to 2032.

The health trend is presently at an all-time high and customers are desiring healthier food and are becoming increasingly demanding for better alternatives as a result. In consistent with this organic trend, in which people are prepared to pay a higher price for organic and healthful food, the global flax milk market has surfaced to be lucrative business.

Rapid urbanisation and changes in lifestyle are contributing to a trend toward more convenient or packaged food alternatives has created a fair ground for the higher sales of flax milk in present times. Furthermore, flax milk manufacturers are also seeking to innovate and give a healthier option to customers that can drive the market in new parts of the world.

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The demand for flax milk is likely to be dominated by the United States in the coming days. This can be linked to greater consumer knowledge of the health advantages of flax milk in the United States and Canada, as well as rising demand for plant-based milk amidst the rising trend of milk alternative protein consumption.

And during forthcoming years, future directions in the Brazilian flax milk market are predicted to rise at a quick rate. This is due to an increase in market and positive attitude towards plant-based milk products in Brazil and other Latin American nations.

The flax milk market adoption trends have suffered some setbacks during the pandemic period, as all shops, stalls, and restaurants were forced to close down. However, the tendency of consumers to use healthy food and beverage products in the aftermath of pandemic situation is expected to revive the flax milk market opportunities in the following years by exhibiting a higher than the CAGR of 4.3% followed during the pre-pandemic period.

Key Takeaways from Market Study

As per the flax milk market analysis report, the net worth of the overall market is estimated to be around US$ 41.3 Million in the year 2022.
The flax milk market in the U.S is expected to grow at a CAGR of 3.9% during the forecasted period 2022-2032.
The flax milk market in Brazil is expected to grow at a CAGR of 2.7% during the forecasted period 2022-2032.
Flax milk is sold as a dairy substitute in hypermarkets and supermarkets which are the major distribution channels for the sales of flax milk.
Unsweetened flax milks are commonly used in smoothies or in the preparation of other beverages such as coffee or tea as a vegan milk substitute making it the prominent product type.

Competitive Landscape for the Global Flax Milk Market

Flax milk manufacturers have introduced products in both flavoured and unflavoured product categories, and a demand surplus has been observed in the sales of these products, despite the fact that the majority of the products are sold under private labels. “Increased research activities and mergers and acquisitions will create new and ample opportunities for the growth of the flax milk market during the forecast period,” says a lead analyst at Future Market Insights.

Among the major players covered in the flax milk market report are GOOD KARMA FOODS, INC., Go Dairy Free, Linwoods, and some other domestic and global players.

Good karma flax milk is the most popular and widely available product on the worldwide market. Over the years, Good Karma plant-based milk products have become the most well-known vegan alternative food dominating the present global flax milk market as well.

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Future Market Insights, in its new offering, provides an unbiased analysis of the flax milk presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the flax milk based on Type (Unsweetened Flaxmilk, Original Flaxmilk, Flavor Flaxmilk), By Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Food and Drink Specialty Stores, Others), and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

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The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

Frequently Asked Questions

At what rate will the Flax Milk Market grow?
What is the expected Value of the Flax Milk Market by 2032?
What are the Key Factors Driving the Flax Milk Market?
Which Region adds to the Highest Flax Milk Market Valuation?
What are the Key Strategies Adopted by the Major Players of the Flax Milk Market?
Who are the Key Players in the Flax Milk Market?

Key Companies Profiled

Good Karma Foods
FlaxUSA
Go Dairy Free
Linwoods

Flax Milk Market by Category

By Product Type

Unsweetened
Original
Flavoured

By Distribution Channel

Hypermarkets
Supermarkets
Convenience Stores
Food and specialty drinks stores
Others

By Region

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

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Prescription Bottles Market Poised for 6.0% CAGR Surge, Fueled by Sustainable Packaging Innovations and Focus on Medication Error Reduction

The global prescription bottles market is expected to witness robust growth, with a projected CAGR of ~6.0% from 2021 to 2031, according to Future Market Insights (FMI). This upsurge is attributed to several key factors.

Sustainable Packaging and Patient Convenience Drive Market Growth:

Sustainable Packaging Solutions: Growing emphasis on research and development in sustainable packaging solutions is a major driver.
Enhanced Convenience: The shift towards packaging that prioritizes ease and convenience in handling medication is fueling market growth.
Reduced Medication Errors: Prescription bottles with clear labeling and written instructions can help minimize medication errors, a critical factor influencing market expansion.

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Market Advantages of Prescription Bottles:

Versatility: Prescription bottles come in various shapes (square, rectangular, oval) and colors (amber, green, blue) to optimize medication protection and handling.
Light Protection: Darker colored bottles shield medication from sunlight, preserving its efficacy.
Clear Labeling: Prescription bottles typically have detailed information about the medication, dosage, and frequency printed directly on the bottle, promoting patient adherence.
Patient Convenience: Attached lids and writable note sections on bottles allow for easier pill dispensing and medication tracking, enhancing patient convenience.

Prescription Bottles vs. Medicine Strips:

Prescription bottles offer distinct advantages over traditional medicine strips:

Pre-attached information: Bottles have crucial details readily available on the container, eliminating the need for frequent reference to prescriptions.
Improved Organization: Bottles provide a central location for medication storage, promoting better organization compared to loose strips.
Enhanced Safety: Child-resistant lids on prescription bottles ensure medication safety, especially in households with young children.

Key Takeaways:

The global prescription bottles market is projected to grow at a value CAGR of around 6.0% from 2021 to 2031.
Prescription bottles provide better medication handling and protection against weather conditions compared to medicine strips.
Dark-colored prescription bottles offer increased protection against photochemical reactions.
Attached lids and writable notepaper on prescription bottles enable easy access to medication and allow patients to note timings and frequencies of intake.
Prescription bottles are preferred over medicine strips for their convenience and the already attached medication information, reducing the need for separate prescription papers.

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Competitive Landscape

The following global key players such as

Amcor Plc
Berry Plastics Group Inc.
Gerresheimer AG
Aptar Group Inc.
Comar LLC
Bormioli Pharma Spa
Plastipak Holdings Inc.
Origin Pharma Packaging
C.L. Smith Company
Clarke Container Inc.
and Drug Plastics Group.

Key Asian players manufacturing prescription bottles are National Bottle House, Keepet Containers, Raja Tradelinks Private Ltd., Hindustan Products, Ningbo Suncity, Whea-Stone Co., Ltd., and Neutroplast.

What are the Key Opportunities for Prescription Bottles Market?

The majority of the manufacturers have shifted their aim towards the sustainable manufacturing of the product. Therefore, the enhanced use of the paper while manufacturing the prescription bottles can be practiced by the manufacturers which can be easily decomposed with no risk of creating pollution of toxic waste as it eliminates the use of plastic and toxic chemicals and dyes during the manufacturing process for the paper prescription bottles.

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Key Segments of Prescription Bottles Market Covered in the Report

Based on the Material:

Glass
Plastic
Paper

Based on the Shape/design:

Square
Rectangular
Oval
Cylindrical

Based on the Capacity:

Below 100 ml
100 ml to 250 ml
Above 250 ml

Based on the Application:

Tablets
Capsules
Powders/Granules
Others (Semi-solid medications, etc.)

Based on the Region:

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

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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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Polyethylene Corrugated Packaging Market Poised for Growth Fueled by E-commerce and Sustainability

The global polyethylene corrugated packaging market is projected for significant expansion, with a value CAGR of nearly 5% anticipated from 2021 to 2031. This translates to millions of units being produced by the end of the forecast period.

E-commerce, Food & Beverage, and Pharmaceuticals Drive Demand:

The market is poised for prominent sales growth by 2031, driven by the surging demand in key sectors like e-commerce, food & beverages, and pharmaceuticals. Polyethylene corrugated packaging offers a secure and reliable solution for transporting a wide range of products, making it a preferred choice for these industries.

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Key Advantages Propelling Market Growth:

Cost-Effectiveness: Polyethylene corrugated packaging is a budget-friendly alternative to traditional packaging solutions.
Durability and Protection: It provides excellent protection against moisture, water vapor, contamination, and external elements.
Versatility and Convenience: PE corrugated boxes are lightweight, foldable, and reusable, offering superior flexibility for various applications.
Sustainability Considerations: The growing preference for eco-friendly packaging solutions presents an opportunity for polyethylene corrugated packaging, as they are recyclable and reusable.

Market Growth Bolstered by Trends:

Rise of E-commerce: The booming e-commerce industry necessitates secure and efficient packaging solutions, which polyethylene corrugated packaging delivers effectively.
Shifting Food Consumption Patterns: The increasing demand for pre-packaged, ready-to-eat food products is driving the need for reliable packaging solutions like polyethylene corrugated boxes.
Adoption of RFID Technology: The integration of RFID technology with polyethylene corrugated packaging enhances supply chain tracking and improves overall efficiency.

Looking Ahead: A Strong Future for Polyethylene Corrugated Packaging

The polyethylene corrugated packaging market is well-positioned for continued growth due to its cost-effectiveness, versatility, and increasing focus on sustainability. With rising demand across various industries and an embrace of eco-friendly practices, the future of polyethylene corrugated packaging appears bright.

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Report Benefits & Key Questions Answered

Polyethylene Corrugated Packaging Historical Market Analysis: The detailed survey by FMI, examines key factors in the Polyethylene Corrugated Packaging market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined sales projections of the Polyethylene Corrugated Packaging market for the forecast period 2021-2031.
Polyethylene Corrugated Packaging Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Polyethylene Corrugated Packaging for the assessment period. As per the study, the demand for Polyethylene Corrugated Packaging will grow at a robust CAGR between 2021 and 2031.
Polyethylene Corrugated Packaging Market Trend Analysis: The latest study by FMI on the Polyethylene Corrugated Packaging market offers compelling insights into key expansion strategies adopted by top-tier players concerning current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of the Polyethylene Corrugated Packaging market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

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Key Segments of the Polyethylene Corrugated Packaging Market Covered in the Report

Based on Flute Type:

F Flute
E Flute
C Flute
B Flute
A Flute

Based on Board Type:

Single Wall
Double Wall
Triple Wall

Based on End Use:

Food & Beverages
Agriculture
Healthcare and Pharmaceutical
Electrical and Electronics
Automotive
Logistics and Transportation

Based on the Region:

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

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Potassium Carbonate Market Forecasts a Whopping US$ 3.2 Billion Valuation by 2033, Driven by Expanding Applications Across Industries

The potassium carbonate market is predicted to grow at a CAGR of 4.6% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from US$ 2.1 Billion in 2023 to US$ 3.2 Billion by 2033 end.

For instance, the European Federation of Pharmaceutical Industries and Association has observed the intensification of investments by numerous research institutes and manufacturers in America and Europe. These investments are aimed at developing and innovating new pharmaceutical products, which are forecast to lead the way for upcoming applications of potassium carbonate.

Besides, the mounting demand for potassium carbonate from multiple industries and the strong presence of major market players are catalyzing market development. For instance, the demand for this compound is springing up in the field of agriculture as it assists in the better development of plants and absorbs water from the environment. Farmers utilize potash to fortify the stems and roots of plants.

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Key Takeaways from the Potassium Carbonate Market:

China is projected to rule the potassium carbonate market, as was the case in the historical period, with US$ 691.5 Million to be attained by 2033. The market is projected to accelerate at the fastest CAGR of 5.1% in the meantime. Rapid growth in the country can be credited to the surging application of food-grade potassium carbonate.
The USA potassium carbonate market is forecast to be next in line, with a market value estimated at US$ 500 Million by 2033. The market is projected to grow at a CAGR of 4% between 2023-2033. The market expansion can be attributed to the wide presence of key players in the nation.
The United Kingdom is being propelled by research-led potassium carbonate innovations and developments in the region. The UK market is predicted to stand at US$ 90.6 Million by 2033, expanding at a CAGR of 3.9%.
Potassium carbonate is widely used in powder form. Powdered potassium carbonate is convenient to use and finds wide applicability in many industries. The segment is projected to grow at a CAGR of 4.2%, a significant increase from the 2.5% witnessed in the historical period.
The compound is broadly utilized in the manufacture of soaps, detergents, and cleaning products. This end use is predicted to grow at a CAGR of 4%, up from the 2.5% exhibited in the past assessment period.

News Featuring Market Developments by Companies Providing Potassium Carbonate Solutions

In July 2021, a leading European Chlor-alkali and PVC company, Vynova, announced that it is set to build a production unit for liquid potassium carbonate (K2CO3) in Tessenderlo, Belgium. With this new and larger facility, the company will further its growth in Europe as the leading supplier of potassium derivatives.
Recently, the company launched the world’s first series of low-carbon potassium (K) derivatives in February 2022. These are advertised under the VynoEcoSolutions brand and will address the sustainable needs of customers dispersed across various industries.

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Potassium Carbonate Market by Category

By Product Form:

Granules
Powder

By End Use:

Soaps, Detergents & Cleaning Products
Agrochemicals
Food & Beverage Processing
Personal Care Products
Glass
Dyes & Inks
Fire Suppression Products
Water Treatment
Others

By Region:

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

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Bagasse Bowls Market Set to Surge with 5.8% CAGR, Driven by Biodegradability and Minimal Carbon Footprint

The global bagasse bowls market is poised for significant growth, with a projected CAGR of ~5.8% during the forecast period. Fueled by rising environmental concerns and a shift towards sustainable alternatives, the market is expected to witness a surge in demand.

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Biodegradability Propels Bagasse Bowls to Popularity

Bagasse bowls, made from sugarcane waste, offer an eco-friendly alternative to traditional plastic tableware. Their key advantage lies in their biodegradability, minimizing their environmental impact. This, coupled with minimal carbon footprint generation, makes them a compelling choice for consumers and businesses alike.

Market Growth Driven by:

Environmental Regulations: Stricter environmental regulations and government restrictions on plastic use are creating a positive outlook for the bagasse bowls market.
Consumer Awareness: Growing public awareness regarding the detrimental environmental effects of plastic is leading to a shift towards sustainable products like bagasse bowls.
Foodservice Trends: The rise of food takeout and home delivery services, fueled by busy lifestyles and a growing millennial population, is driving demand for eco-friendly disposable tableware like bagasse bowls.
Shifting Preferences: Changing habits and a cultural embrace of outdoor dining are promoting the use of convenient and disposable yet eco-friendly tableware.

Profitability Poised for Double-Digit Growth:

A recent forecast by FMI predicts a near-doubling of the bagasse bowls profit margin by 2031. This underscores the growing market potential and the profitability opportunities it presents.

Looking Ahead: A Sustainable Future for Tableware

The bagasse bowls market reflects a burgeoning trend towards sustainable practices. As consumers and businesses prioritize eco-friendly solutions, bagasse bowls are well-positioned to dominate the disposable tableware landscape. The future of tableware looks bright, with biodegradability and sustainability taking center stage.

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Report Benefits & Key Questions Answered

Bagasse Bowls Historical Market Analysis: The detailed survey by FMI, examines key factors in the Bagasse Bowls market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Bagasse Bowls market for the forecast period 2021-2031.
Bagasse Bowls Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Bagasse Bowls for the assessment period. As per the study, the demand for Bagasse Bowls will grow at a robust CAGR between 2021 and 2031.
Bagasse Bowls Market Trend Analysis: The latest study by FMI on the Bagasse Bowls market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Bagasse Bowls market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

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Key Segments of Bagasse Bowls Market Covered in the Report

By Product Type:

Less than 12 oz.
13 – 16 oz.
More than 16 oz

By Sales Channel:

Direct sales
Indirect sales
- Departmental Stores
- Specialty Stores
- E-Commerce Sales
- Others

By End-use:

Commercial
- Food Vendors
- Restaurants
- Hotels and Cafes
- Catering Purposes
Institutional
- Educational Institutions
- Hospitals
- Airport/ Rail Stations
- Offices
Residential

By Region:

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

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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Nandini Singh Sawlani

Nurturing Health Trends: Breakfast Takeout Market Poised to Reach US$ 1,86,148.9 million by 2033

The breakfast takeout market is projected to witness an average growth momentum in the global market at a CAGR of 7.40% during 2023 and 2033. The market share is estimated to be valued at US$ 95,086.4 million in 2023 and is anticipated to reach US$ 1,86,148.9 million by 2033.

Breakfast takeaway is rapidly increasing as time-crunched consumers appreciate the ease of grab-and-go breakfast options. Customers demand quick and healthy breakfast options as time becomes more valuable. As a result of this need, the market offers a large range of breakfast goods that may be purchased and consumed quickly.

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As a result of rising health concerns, consumers are increasingly enjoying breakfast, and demand for breakfast takeaway is expected to rise over the projection period.

Restaurants are providing a big breakfast takeout menu with all-day availability to stay up with the most recent trends in the breakfast takeout market, which is expected to improve breakfast takeout sales.

As the demand for breakfast takeaway grows, some of the market’s most well-known multinational firms are building a dedicated industry. Throughout the forecast period, this tendency among multinational businesses is likely to fuel breakfast takeout sales and breakfast takeout market revenue growth.

Furthermore, many breakfast restaurants offer comfortable sitting arrangements and breakfast menu items even at late hours for customer convenience, which is expected to increase breakfast takeout market share.

As customers developed a greater knowledge of the concept and the importance of eating breakfast first thing in the morning, the demand for breakfast takeaway soared. Breakfast takeaway sales are expanding as customer acceptance of breakfast meals grows.

Furthermore, future growth opportunities in the breakfast takeout market are expected to be provided by developments in breakfast takeout and diversified breakfast menus by key competitors. Breakfast takeout market growth is aided by restaurants’ increasing spending in providing unique breakfasts.

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KEY TAKEAWAYS:

During the projection period, the non vegetarian breakfast takeout category is expected to have the greatest market share of 67.9%. Vegan breakfast takeout, such as vegan butter, vegan boxed soup, vegan yoghurt, and others, are expected to be new and extremely popular trends over the forecast period.

Due to the large user base in the US breakfast takeout industry, the American breakfast is expected to hold the greatest share of the market by breakfast type.
By 2032, the chained foodservice segment is expected to dominate the worldwide breakfast takeaway market based on purchase model.
The digital wallets category is expected to lead the market in terms of payment type due to the high demand potential for online transactions due to the extremely high rates of mobile phone ownership.
North America, with a market share of 23.2 percent, leads the global breakfast takeaway market, followed by Europe, with a market share of 21.2 percent. Market expansion in the region is aided by excess production capacity, purchase behaviour, and consumption habits.
With a CAGR of more than 7% from 2022 to 2032, Asia Pacific is expected to be the fastest-growing regional market.

The North American health and wellness movement, with a focus on youth and the working class, is also attracting key participants in the breakfast takeout industry.

COMPETITIVE LANDSCAPE:

Key companies profiled in the breakfast takeout market report include Bob Evans, Biscuitville, Another Broken Egg Cafe, The Original Pancake House ,First Watch Village Inn, Huddle House, Perkins, Cracker Barre,l Chick-fil-A Waffle, House IHOP, The Wolseley, Kepos, Street Kitchen.

To fulfil expanding client demand, the majority of breakfast takeout market participants are focussing on developing innovative strategies. Several market participants are also focused on growing their businesses.

Recent Developments In Breakfast Takeout Market:

Partnerships, Product Launches, Collaborations, and Agreements:

PepsiCo, based in the United States, entered the breakfast cereal market in 2001 when it bought Quaker Oats Company. It maintains its dominance in the morning food business by forming unique agreements such as PepsiCo-Frito-Lay.
In 2021, Magic Spoon, which is known for its high-protein, keto-friendly cereals, expanded its original waffle with two more variations.
In 2021, General Mills released a cereal based on the spooky comedy Ghostbusters: Afterlife. The cereal is loaded with dazzling orange crunchy bits and white and green ghost-shaped marshmallows to give the themed meal a frightening look.

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Lithium Mining Market Set to Exceed US$ 3.4 Billion by 2032 Driven by Skyrocketing Demand from Automotive, Packaging, and Consumer Electronics Industries

Lithium is widely being adopted in the manufacturing of batteries for electric vehicles, owing to advantages such as longer lifespan, improved fuel efficiency, and low discharge rates. Increasing sales of electric vehicles are anticipated to spur demand for lithium in the forthcoming years, which in turn will augment the growth of the global lithium mining market.

As per a recent analysis by Future Market Insights (FMI), the global lithium mining market is projected to top US$ 3.4 Billion by 2032. Growing demand for lithium-ion from end-use industries including automotive, packaging, and consumer electronics is expected to propel sales of lithium over the forecast period 2022-2032.

Moreover, the growing demand for glass and ceramics from the packaging industry is likely to create new opportunities for key players operating in the lithium mining market. Glass and ceramics are mostly used in the packaging of pharmaceuticals, food and beverages, and other items.

Increasing applications of lithium in the glass and ceramics industry will continue boosting the growth prospects of the lithium mining market. In 2020, the global lithium mining market was heavily impacted by the novel coronavirus pandemic.

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Nationwide lockdowns, travel restrictions, and halted mining operations hampered the production and consumption of lithium. However, sales are expected to recover in 2022 as demand for lithium from the automotive sector continues to grow.

“Growing focus on fuel efficiency in automotive vehicles is expected to propel consumption of lithium for batteries in the forthcoming years. Besides this, increasing sales of wearables and portable consumer electronics will continue augmenting growth of the lithium mining market through 2032,”says an FMI analyst.

Key Takeaways in Lithium Mining Market Report:

Lithium production through brine solutions is expected to capture 65% of the total lithium mining market share.
The lithium hydroxide segment is projected to account for a dominant share over the forecast period.
Applications of lithium in the battery segment are projected to grow at 8.5% year-over-year in 2022.
Sales of lithium in the US are projected to grow by 3.2% year-over-year in 2022.
Australia will emerge as an attractive market owing to the presence of high-capacity lithium reserves in the country.
China will continue experiencing high demand for lithium due to increasing production and sales of consumer electronics.

Competitive Landscape in Lithium Mining Market

Key Companies Profiled

Albemarle
Ganfeng Lithium
Livent
Nemaska Lithium
Orocobre limited
Sichuan Tianqi Lithium Industries
SQM
Lithium Americas Corp

These players are projected to command 60-70% of the total lithium mining market share.

Leading players operating in the global lithium mining market are focusing on production facility expansion through mergers and acquisitions to gain a competitive edge in the market.

For instance:

In October 2022, the Belgian material technologies group Umicore UMI.BR signed a long-term lithium supply deal with Gangfen Lithium Co. Ltd. to expand its production capacity in response to rising electric vehicle demand.

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More Insights into the Lithium Mining Market Report

In its latest report, FMI offers an unbiased analysis of the global lithium mining market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2022-2032.

To understand the global market potential, its growth, and scope, the market is segmented based on source, applications and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and the Middle East & Africa).

Lithium Mining Market by Category

By Source:

Brine
Hard Rock
Others

By Type:

Lithium Carbonate
Lithium Hydroxide

By Application:

Battery
Ceramics and Glass
Lubricants & Grease
Polymer
Flux Powder
Refrigeration
Others

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Nandini Singh Sawlani