Market Research Blog – Page 3228 – New Product Development

Pharmaceutical Cold Chain Packaging Market is Expected to Reach at a US$ 37.3 Billion through 2033 | FMI

Newly released data by Future Market Insights (FMI) projects the global pharmaceutical cold chain packaging market to register a CAGR of 14.8% and to reach US$ 60,100.9 million by 2033..

As per the report, polymer emerge as the top choice for packaging material and it is expected to account for over 62.1% of the global market share in 2023. It also is expected to attract an incremental opportunity of US$ 37.3 billion through 2033.

The global pharmaceutical cold chain packaging market is driven by healthcare vertical pressing for cold chain packaging for vaccines and biopharma industry. The market witnessed a boom during the pandemic. Since then, it hasn’t looked back.

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The United States International Trade Commission states that it’s imperative to store mRNA-based formulae at 80 degree Celsius. It’s a known fact that 5-20% of vaccines get lost at the time of transportation. This could be reduced by emphasizing on superlative storage and packaging.

Advanced cold chain packaging insulation solutions like VIP (Vacuum Insulated Panels) are being proposed for better handling temperature-sensitive pharmaceutical products. Sofrigam states that vacuum insulated panels are capable of providing packaging support of 7-10 days, or even twice or thrice the insulation materials.

Additionally, shippers who implement VIP are comparatively lighter in weight and smaller in size, do away with requirement of refrigerant, and ultimately reduce the distribution costs.

The technological advancements that are being adopted include real-time tracking, RFID tracking, advanced analytics, and likewise. Cloud-based data management apps are also tried out to facilitate faster decision-making. Future market Insights has walked through these findings with insights in its latest market study entitled ‘Pharmaceutical Cold Chain Packaging market’. The dedicated team of analysts and consultants has gone for bottom-up approach.

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Key Takeaways from Pharmaceutical Cold Chain Packaging Market

North America holds the largest market share with the US being subject to technological advancements. The US International Trade Administration has stated that pharmaceutical cold chain packaging market has undergone drastic changes in the last few years, especially when mode of shipment changed to sea modes from air transportation. This transition could be attributed to the fact that difference in temperature results in pharmaceutical products getting deteriorated.
Coming to Europe, Germany leads the market. As per Germany Trade and Invest (GTAI), extensive investment in research has put Germany on the top pedestal with respect to pharmaceutical cold chain packaging market. The scenario is expected to persist even in the forecast period.
The Asia-Pacific is expected to grow at the fastest rate in the pharmaceutical cold chain packaging market in the forecast period. This could be reasoned with countries like India broadly promoting cold chain packaging in the pharmaceuticals vertical and China being one of the hubs of pharmaceuticals.

Competitive Arena

Sonoco Thermosafe, in August 2021, announced that it had partnered with Korean Air for leasing the latest shipping container temperature controlled ‘Pegasus ULD’.
Pelican Products, in February 2021, began distribution of temperature-controlled cases for transportation of Covid-19.
CSafe Global, in December 2021, completed acquisition of Softbox Systems to make provisions for a one-stop solution for various temperature-sensitive products in the biologics, gene & cell therapy, and upcoming mRNA therapies during the Covid as well as post-Covid era.
Cold Chain Technologies, in March 2021, entered into partnership with B Medical Systems for offering end-to-end storage and shipping solutions to the life science vertical.
Softbox Systems Ltd., in January 2018, did acquire TP3 Global to expand its presence across the globe.

The Top Key Players Are:

Sonoco ThermoSafe
Cold Chain Technologies
Sealed Air Corporation
Nordic Cold Chain Solutions
Cryopak
CSafe Global LLC
TemperPack Technologies, Inc.
Insulated Product Corp.
Global Cooling, Inc.
Envirotainer AB
va-Q-tec AG
EMBALL’ISO
Softbox Systems
Sofrigam SAS
DGP Intelsius LLC
Tempack Packaging Solutions SL
others

“Excessive emphasis on improvement of packaging formats’ performance is expected to drive the pharmaceutical cold chain packaging market in the forecast period”, says an analyst from Future Market Insights.

How does the Report line up?

The research study is based on packaging format (passive packaging (single use or one way use packaging and multiple use or re-usable packaging) and active packaging (reefer trucks and containers and active pallet containers), by product (small boxes, pallets (double pallets and single pallets) and large sized pallet containers), by material (polymer (polyethylene, polypropylene, PET, EPS, polyurethane, and others), metal, and paper), by application (biologics and biological samples, vaccines and diagnostics, and likewise), and by end-user (diagnostic centers, clinical research organization, blood banks, vaccines packaging industry, pharmaceuticals, and likewise).
With the fact that temperature monitoring is imperative for keeping the quality of product intact is bound to drive the pharmaceutical cold chain packaging market in the near future.

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.

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Fuel Your Success in the Silage Inoculants and Enzymes Market: Key Trends and Opportunities

The silage inoculants and enzymes industry is poised for significant growth, with an anticipated valuation of US$ 547.6 million by 2023, projected to soar to approximately US$ 895.0 million by 2033, representing a robust 5.0% compound annual growth rate (CAGR) over the decade. During this period, it is expected to offer a substantial total financial potential of US$ 347.4 million, highlighting the industry’s promising prospects for the coming years.

Key Takeaways from the Silage Inoculants and Enzymes Market Study

The United States silage inoculants and enzymes industry is anticipated to witness a CAGR of 5.2% from 2023 to 2033.
The United Kingdom is projected to reach a valuation of around US$ 33.8 million by 2033.
China is estimated to record a CAGR of 5.5% in the forecast period in the silage inoculants and enzymes industry.
Japan registered a steady CAGR of 7.8% in the historical period from 2018 to 2022.
Based on type, the homofermentative segment is anticipated to record a CAGR of 4.8% from 2023 to 2033.
In terms of species, the lactobacillus segment is projected to witness a CAGR of 4.6% in the assessment period.

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Future of Silage Inoculants and Enzymes

By 2033, it is anticipated that the growing use of precision farming in Asia will increase demand for silage inoculants and enzymes. This farming mainly relies on the analysis and data gathering from sensors, drones, and automated equipment.

Farmers can also use the data to make decisions in real-time about their farming practices. The capacity of silage microbial inoculants to boost efficiency and increase silage yield with the aid of data-driven concerns might increase demand for them.

Farmers might be better positioned to efficiently use resources such as feed, water, and land as precision farming becomes more widely used. By launching effective feed management, silage inoculants and enzymes are anticipated to improve the quality of preserved forage and reduce waste. They are expected to assist in achieving precision agriculture’s resource optimization aims.

The silage inoculants and enzymes market is expected to rise as dairy product demand surges in North America. High-quality feed is anticipated to be given to dairy cows to keep them healthy and enable them to produce milk.

In North America, silage prepared from alfalfa and corn is considered the ideal type of feed for dairy cows. The market for sophisticated silage inoculants and enzymes that can give cows the nutrients they need and maintain the nutrient quality of feed could expand.

For instance, in the United States, more than half of the choices regarding the production of milk are made by individuals or families running dairy farms. Producer-owned cooperatives are typically comprised of these farmers.

Milk from cooperative members is collected and transported to producers and processors. These dairy farm cooperatives have great vertical integration and manage their production and processing facilities. The ongoing growth of comparable cooperatives nationwide is anticipated to increase the need for better silage quality.

“A growing trend toward improving the nutrition of animal feed could support the global market even more. This can be attributable to farmers’ increasing attention to improving the health and performance of their cattle. Demand might be increased by the ability of fish roe extracts and enzymes to enhance the nutritional content and digestibility of the silage.” – says a lead analyst at Future Market Insights (FMI).

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Competitive Landscape

Reputable firms in the silage inoculants and enzymes sector are concentrating on spending enormous sums on research & development. To deliver improved performance, they want to improve their current product offerings. Additionally, they are developing specific inoculants to cater to different silage and forage production methods.

Several other top companies in the silage inoculants and enzymes market are concentrating on growing their product portfolios to provide a broad selection of enzymes to suit multiple needs. In addition, they are developing socialized inoculants and enzymes for the dairy, meat, and poultry sectors of the livestock industry.

For instance,

Alltechintroduced Egalis, a new range of premium silage inoculants, in November 2022. In order to allow farmers to feed more and better silage while reducing feed waste, it maximizes nutrient quality retention while lowering dry matter loss. Egalis manages & drives forage fermentation using highly efficient homolactic bacteria and compounds that inhibit the growth of fungus.
Advance Maize Silage Inoculantwas introduced in September 2021 by Micron Bio-Systems, a pioneer in animal feeding and agricultural goods based in the United Kingdom. Advance Maize is a crop-specific silage inoculant that offers the most effective fodder conservation method available. In order to improve the feed value, stability, and preservation of maize silage, the inoculant contains four crucial components.

Top Key Players

Biomin Holding GmbH
Kemin Industries, Inc.
Schaumann BioEnergy GmbH
Volac International Ltd

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.

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Barrier Coated Papers Market is Expected to Reach at a US$ 7.5 Billion in Next Ten Years. FMI Report

The overall valuation of the global barrier-coated papers market was recorded at US$ 4,640.1 million in 2022. The global market is anticipated to rise at a CAGR of 4.6% during the years from 2023 to 2023. The global market is also expected to reach US$ 7,571.9 million by the year 2033.

The demand for barrier coated papers is accelerating due to the high use of barrier coatings for food packaging. Moreover, many non-food products and corrugated board packaging applications use barrier coatings for profitable shipping.

Papers with a barrier coating are known to conceal products by grease barrier, moisture barrier, or other necessary barrier types. However, these materials negatively impact the environment and are thus being replaced by paper-based formats with compostable barrier coatings.

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Key Takeaways from the Barrier Coated Papers Market Study

Countries in North America are the prominent users of barrier-coated papers and created a global demand share of 29.4% in the year 2022. The sales of barrier coated papers in the United States alone contributed to 25.4% of the global market share that year.
Europe, as a whole, closely follows the United States in the adoption of barrier coated papers and acquired a market share of 25.2% in 2022. Europe is the leading contributor of barrier-coated papers, with a global market share of 5.3% in 2022.
In recent years, the demand for barrier coated papers in the United States is surging at a significant rate. FMI estimates this regional market is going to exhibit a year-on-year growth rate of 3.3% during the forecast years.
Asia Pacific countries are emerging to be notably growing markets for sales of barrier-coated papers these years. China is at the forefront and is projected to register an impressive CAGR of 6.4% during the forecast years.
Japan is a quite well-established market in the Asia Pacific that contributed almost 4.1% of the global supply of barrier coated papers in 2022. India is figured out to continue on a high annual growth rate of 7.4% in sales of barrier coated papers over the forecast years.
Based on different types of materials used for making barrier coated papers, paper is the preferred segment. Though this segment held an 84.1% market share in 2022, the bio-based plastics segment is expected to gain high traction during the projected years.
Among the several end-user verticals for barrier coated papers, the food packaging segment consumed almost 64.9% of the total share in 2022. Besides this segment, beverages packaging and pharmaceutical packaging are also expected to make high use of barrier coated papers in the coming days.

Competitive Landscape for the Barrier Coated Papers Market

Dow, Sierra Coating Technologies, Koninklijke DSM NV, Stora Enso, and Amcor, are some of the leading players in the global barrier coated papers market. Coatings & Adhesives, CH-Polymers, Imerys, Mondi, Akzo Nobel, KURARAY, and Cork Industries are among other domestic players covered in the report.

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Advancements in packaging innovations, particularly in water-based barrier coated papers are regarded to fuel the market’s growth over the forecast period. Furthermore, the stringent environmental regulations that many governments around the world have implemented for food contact paper could play a supportive role.

Key Segmentation

Barrier Coated Paper Industry Segment by Coating Type:

Water-based Coating
Solvent-based Coating
Wax Coating
Extrusion Coating

Barrier Coated Paper Industry Segment by Material:

Paper Coating
Plastic Coating
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinylidene dichloride (PVDC)
- Polyethylene Terephthalate (PET)
Bio-based Plastic Coating
- Polysaccharides
- Polylactic Acid (PLA)
- Polyhydroxyalkanoates (PHA)
  - Ethylene Vinyl Alcohol (EVOH)
  - Polyamide (PA)
Wax Coating
Other Coating Materials

Barrier Coated Paper Industry Segment by Thickness (ISO 534):

Less than 50 µm
51 µm to 75 µm
75 µm to 100 µm

Barrier Coated Paper Industry Segment by Packaging Application:

Cups & Lids
Trays
Laminates
Boxes & Cartons
Pouches & Sachets
Labels
Blisters & Clamshells
Wraps
Tapes
Others

Barrier Coated Paper Industry Segment by End-user Verticals:

Food Packaging
- Bakery
- Confectionery
- Snacks
- Dairy
- Spices & Condiments
- Sauces
Beverages Packaging
Cosmetic & Personal Care Packaging
Pharmaceuticals Packaging
Building & Construction Packaging
Electrical & Electronics Packaging
Tobacco Packaging
Packaging of Other Consumer Goods (Agriculture, Automotive, Home Care, etc.)

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Electric Vehicles and Autonomous Cars: Powering the Circuit Materials Market to US$ 58 Billion by 2033

In 2022, the circuit materials market reached a value of US$ 36.7 billion. In 2023, the market for superconductors is expected to reach more than US$ 38.6 billion. The forecast term is expected to see sales grow at a CAGR of 4.2%. By 2033, revenue is projected to reach US$ 58.0 billion.

The shift towards electric vehicles requires advanced electronic systems, including power electronics and battery management systems. This increases the need for specialized circuit materials with high thermal conductivity and better power-handling capabilities.

The development of autonomous vehicles relies heavily on sensors, cameras, LiDAR, and advanced driver-assistance systems (ADAS). All of these systems require intricate circuitry, pushing the demand for advanced circuit materials.

Modern vehicles feature sophisticated infotainment systems, connectivity options, and communication technologies. These systems demand high-performance circuit materials to ensure efficient signal transmission and processing.

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Recent years have seen an increasing emphasis on safety systems such as collision avoidance, emergency braking, and airbag deployment. This mechanism involves complex electronic components, driving the need for reliable circuit materials that can withstand harsh conditions.

Automotive manufacturers are focusing on making vehicles lighter to improve fuel efficiency. This requires the use of materials like composites and advanced circuit materials that are both lightweight and durable. As environmental concerns grow, there’s a push for more energy-efficient vehicles. This trend requires circuit materials that can handle higher power densities while maintaining efficiency and minimizing energy loss.

The automotive sector has led the way in the adoption of advanced manufacturing techniques such as additive manufacturing and flexible electronics. It is expected to drive the demand for specialized circuit materials tailored to these processes. This demands circuit materials capable of supporting high-frequency signals without significant signal degradation.

The automotive sector often adopts emerging technologies such as 5G connectivity, advanced sensors, and augmented reality displays. These technologies require innovative circuit materials that can meet their specific requirements.

Circuit materials being developed for vehicles would need to be robust enough to withstand the harsh conditions of automotive environments. Multiple Input Multiple Output (MIMO) technology, a key part of 5G, requires advanced circuit materials for the deployment of large numbers of antennas on a single device.

5G is enabling new applications such as augmented reality (AR), virtual reality (VR), and remote surgery. Circuit materials need to be created that can support the requirements of these emerging technologies.

Key Takeaways from Circuit Materials Market Report:

The global market is expected to reach a market valuation of US$ 58.0 billion by 2033.
Sales of circuit materials are expanding at a CAGR of 4.2% over the forecast period.
The United States is projected to have a valuation of US$ 9.9 billion by 2033.
China is projected to reach a market valuation of US$ 10.9 billion by 2033.
By substrate, the fiberglass epoxy segment is estimated to have a value CAGR of 4.0% from 2023 to 2033.

“Deployment of 5G technology is likely to drive demand for circuit material during the forecast period. Key companies focus on continuous innovation to develop new materials with improved performance.” – says a lead analyst at Future Market Insights (FMI)

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Competitive Landscape:

Key companies are offering a diverse range of circuit materials catering to different applications. It helps manufacturers capture a broader market share from consumer electronics to automotive and aerospace. They are also forming partnerships with the leading companies to increase their market presence.

A Few Companies Present in the Circuit Materials Market:

Arlon EMD is a producer of specialty prepreg and high-performance laminate materials used in demanding and different fields for printed circuit board applications.
Dow is a pioneer in materials research and is dedicated to providing clients with cutting-edge and environmentally friendly solutions for packaging, infrastructure, and consumer care.

Top Key Players

Arlon Electronic Materials Division
Chang Chun Group
D. Enterprises, Doosan Corporation Electro-Materials
Dow, Inc.

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

Unlocking Potential: Cold Gas Spray Coating – A Promising Technology for the Electronics, Electrical, and Medical Industries

In 2023, the cold gas spray coating market is expected to be worth US$ 1.1 billion. The market is anticipated to grow at a CAGR of 4.4% from 2023 to 2033, reaching US$ 1.6 billion.

For the automotive and aerospace sectors, cold gas spray painting is essential because it reduces the costs associated with sustainability by preventing the need to replace corroded and damaged aircraft parts.

Advanced nanostructured and amorphous materials are being used in several verticals, including electronics, electrical, and medicine. As nano-crystalline materials are sensitive to temperature, cold gas spray could be used effectively without harming their advantageous microstructure.

High-pressure technology dominates the cold gas spray coating market, and the scene is expected to remain the same even going forward.

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At the same time, the fact that cold gas spray coating gets adversely impacted by ore extraction processes’ costs can’t be ignored. This factor could restrain the cold gas spray coating market in the forecast period.

Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Cold Gas Spray Coatings Market.’ It has its team of analysts and consultants to look through the macros and micros of the cold gas spray coating market.

“With sustainability being the top priority, the demand for cold gas spray coating market is expected to grow on an exorbitant note during the forecast period”, insights shared by our key consultant at Future Market Insights.

Key Takeaways from Cold Gas Spray Coating Market

North America holds the largest market share, with the United States being subject to conducive government regulations related to the usage of high-class and lightweight components in the automotive sector as substitutes for metals and alloys.
Europe holds a significant market share, with the United Kingdom, France, Germany, and Russia leading from the front, especially for satellite and aircraft components.
Asia Pacific is expected to grow fastest in the cold gas spray coating market, with regions like India, Japan, and China primarily using cold gas spray coatings to repair and coat polymer and metal components and extend durability and operational life.

Competitive Cold Gas Spray Coating

VRC Metals, in July 2022, did unleash the C.A.M.P Site cold spray system.
Hannecard, in January 2021, did join forces to operate under the name ‘Hannecard Roller Coatings, Inc.’ The companies would be sharing their technology expertise to expand their services and portfolios.
EWI, in November 2021, announced the launching of its cold spray research center to unlock cold gas spray coating market potential.
Oerlikon, in March 2023, did acquire Riri to expand its offerings, in coatings in particular, significantly.

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Cold Gas Spray Coating Market: Key Players

Plasma Giken Co., Ltd.
VRC Metal Systems, LLC
Curtiss-Wright Surface Technologies
Bodycote
Praxair S.T. Technology, Inc.
ASB Industries, Inc.
Fujimi Incorporated
Oerlikon Metco
Flame Spray Technologies B.V
Polymet Corporation

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

Welding Materials Market Projected to Hit US$ 24.7 Billion by 2033, with 4.9% CAGR

By 2033, it is expected that the welding materials market will be worth more than US$ 24.7 billion. In the forecasted period of 2023 to 2033, it is anticipated to register a consistent CAGR of 4.9%.

In 2023, the market will probably be worth more than US$ 15.2 billion. The sector for welding materials worldwide experienced an astounding CAGR of 6.2% between 2018 and 2022.

Welding materials are an important component of the global construction and manufacturing industries. Welding materials are essential for joining and manufacturing different types of materials such as metals and alloys to create structures, products, and machines.

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Welding is a process of melting and fusing materials to form a strong bond. The selection of welding materials depends on factors such as the type of material being joined, specific application, and desired properties of the weld.

Welding materials are used in several industries, including automotive, aerospace, construction, shipbuilding, oil & gas, manufacturing, and more. They are set to be essential for construction sites, machines, vehicles, pipelines, and several other parts.

The welding materials industry is influenced by aspects such as technological advancements, industry regulations, and economic conditions. Market trends include developing more efficient and environmentally friendly welding materials. Increasing automation of welding processes and adopting improved welding techniques are also set to push demand.

As environmental awareness surges, more attention is being paid to the use of welding materials that produce less emissions and minimize the impact on the environment. This has led to the growth of low-emission materials and more energy-efficient welding processes.

The welding materials market is also expected to be influenced by economic growth, industrial development, and infrastructure projects globally. Emerging economies experiencing rapid industrialization often underwrite to increased demand for welding materials.

The market might further face challenges such as need for skilled welders, safety issues associated with welding operations, and competition from alternative joining technologies. Launch of new technologies such as bonding and fasteners is expected to hamper sales.

Key Takeaways from the Welding Materials Market Report

The United States welding materials industry is projected to reach US$ 4.2 billion in the forecast period.
The United Kingdom welding materials industry is set to be valued at US$ 787.4 million by 2033.
China welding materials industry is likely to cross a value of US$ 4.5 billion by 2033.
Japan welding materials industry is estimated to top a valuation of US$ 3.4 billion by 2033.
Based on technology, the arc welding segment is set to witness a CAGR of 4.5% from 2023 to 2033.

“Welding materials are set to be widely used to manufacture and collect automotive parts such as exhaust systems, body frames, and engine parts. Demand for lightweight, high-strength automotive materials such as aluminum and steel might further increase sales.” – says a lead analyst at Future Market Insights (FMI).

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Competitive Landscape

Key companies and manufacturers are directing on expanding their service & product portfolios by launching new products. They would also employ several growth strategies such as acquisitions, advertising, partnerships, deals, and mergers to stay significant in the market.

Key Companies Profiled

Ador Welding Ltd
Air Liquide SA
Air Products and Chemicals, Inc.
Colfax Corporation

For instance,

In November 2020, ESAB Group Inc. and YASKAWA announced a partnership agreement. They are aiming to develop a range of pre-engineered robotic welding systems called XCellerator.
In July 2019, Lincoln Electric Holdings announced the conclusion of its acquisition of a significant stake in Kaynak Teknigi Sanayi ve Ticaaret A.S to accelerate regional growth policy.

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

Baby Shoes Market: Set to Grow at a CAGR of ~8.4% by 2032, Revealing Trends and Opportunities in Infant Footwear

According to newly released data by Future Market Insights (FMI), the Baby Shoes Market is estimated at US$ 37,013 million in 2022 and is projected to reach US$ 82,920 million by 2032, at a CAGR of ~8.4% from 2022 to 2032.

In the last five years, the market for baby food, shoes, clothing, and skin care has grown at a reasonable rate. There is also a psychological component that a family with an only child is more willing to spend a substantial sum of money owing to the uniqueness of the child.

An increase in demand for personalised shoes is one of the important market trends driving the growth of the children’s footwear market. Leading premium market providers offer customised products with an aesthetic appeal. E-commerce is getting increasingly popular. As a result, it can be claimed that the baby shoe market is particularly tempting to potential new players and may offer expansion opportunities.

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Manufacturers of baby shoes have been looking for markets with a large number of potential customers. It is most likely a country with a high birth rate or a large population. As a result, several European manufacturers are attempting to introduce their products into the markets of India and China.

Key Takeaways from the Baby Shoes Market Study

E-commerce is expected to be the leading sales channel during the forecast period. As customer preferences shift, more individuals prefer internet retailing to traditional brick-and-mortar establishments. As a result, companies are expanding their online market presence. One of the primary aspects driving the growth of the online sales channel is the availability of a diverse assortment of baby shoes.
During the projection period, APAC will drive market growth. China and India are the two most important markets in APAC for children’s footwear. The market in this region will expand quicker than the market in other regions.

”In the future years, the baby shoe market is predicted to rise at a steady rate. The global baby shoes market is being driven by an increase in demand for stylish, elegant, yet comfortable footwear for children.” Says an FMI analyst.

Who is winning?

Leading players operating in the Baby Shoes market are

Yoyo Booties
Combi
Goodbaby
Pigeon
Procter & Gamble
Baby Jay
Oasis Shoes
Adidas
New Balance
Nike
Trimfoot Co, LLC
Carter’s, Inc

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Key Points Covered in Baby Shoes Market Survey

Market estimates and forecast 2017 to 2032
Key drivers and restraints impacting market growth
Segment-wise, Country-wise, and Region-wise Analysis
Competition Mapping and Benchmarking
Brand share and Market Share Analysis
Key Product Innovations and Regulatory Climate
COVID-19 Impact on Baby Shoes Market and How to Navigate
Recommendation on Key Winning Strategies

Baby Shoes Market by Category

By Material

Synthetic
Cotton
Leather
Others

By Consumer Orientation

Boys
Girls

By Closure Type

Laces
Velcro
Straps
Zippers

By Sales Channel

Multi-brand Stores
Independent Small Stores
Online Retailers
Other Sales Channel

By Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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.

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Global Fabry Disease Market Set to Surge, Reaching US$ 4.10 Billion by 2032 to witness a robust CAGR of 8%

The latest market analysis reveals that the global fabry disease market is poised for significant growth, with a projected valuation of US$ 4.10 billion by 2032. According to comprehensive research, the market, valued at US$ 1.9 billion in 2022, is anticipated to witness a robust Compound Annual Growth Rate (CAGR) of 8% over the forecast period of 2022-2032.

Fabry disease, also recognized as Anderson-Fabry disease and alpha-galactosidase A deficiency, is a rare genetic disorder characterized by deficient activity of the alpha-galactosidase A (a-Gal A) enzyme. This enzyme deficiency arises from genetic alterations affecting the production of alpha-galactosidase A (a-Gal A) enzyme in cells.

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Metabolic disorders are among the varied systemic symptoms and complications associated with Fabry disease. The condition results in the reduction of sphingolipid metabolism, leading to multiple organ failure and potential fatality. The deficiency of the alpha-galactosidase A enzyme causes the accumulation of glycolipid Gb3 in blood vessels and organs, contributing to the formation of blockages or clots that disrupt normal bodily functions.

The surge in the Fabry disease market can be attributed to ongoing advancements in treatment therapies. Researchers and healthcare professionals are continually enhancing therapeutic approaches, driving progress in the management of this rare disorder.

“This projected growth underscores the pressing need for continued innovation in Fabry disease treatment,” commented FMI. “As the market expands, it becomes increasingly vital to develop novel therapeutic interventions that can effectively address the complex symptoms and complications associated with this condition.”

With the global Fabry disease market on track for substantial expansion, stakeholders across the healthcare sector are encouraged to collaborate on research, development, and access initiatives to ensure that patients receive optimal care and support.

The market for Fabry disease is anticipated to experience significant growth in the coming years, primarily driven by several key factors:

Rising Incidence Rates: There’s a continuous increase in the rate of incidences of Fabry disease, a genetic disorder. This heightened awareness and detection of the disease are leading to more patients seeking treatment, thereby expanding the market.
Therapeutic Advancements: Therapeutic approaches such as enzyme replacement therapy (ERT) and chaperone therapy have been developed to alleviate the clinical symptoms associated with Fabry disease. These treatments have shown efficacy in improving the quality of life for patients, driving up their usage and consequently boosting the market growth.
Increasing Patient Pool: With the growing awareness about Fabry disease and improved diagnostic techniques, more patients are being diagnosed with the condition. This expanding patient pool necessitates the availability and utilization of therapeutic treatments, thus fueling market growth.
Prevalence of Late-Onset and Type 1 Classic Fabry Disease: The market is also benefiting from the increasing prevalence of late-onset and type 1 classic Fabry disease, particularly among males. This demographic trend further amplifies the demand for therapeutic interventions, augmenting market expansion.

Overall, the convergence of these factors, including the rising incidence rates, therapeutic advancements, expanding patient pool, and prevalence of specific Fabry disease subtypes, is expected to propel the growth of the Fabry disease treatment market in the foreseeable future.

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Fabry Disease Market: Key Players

The major players operating in this market and involved in development of new medications include Sanofi-Aventis LLC, iBio, Inc., GlaxoSmithKline plc, Genzyme Corporation, and Neuraltus Pharmaceuticals, Inc. Some of the existing key players in the global fabry disease market are Novartis Pharmaceuticals, Merc & Co., Inc., Bristol-Myers Squibb Company, AbbVie Inc., Amgen Inc., Teva pharmaceutical Industries Ltd., Pfizer Inc., Takeda Pharmaceutical Co. Ltd.

Fabry Disease Market: Segmentation

The global fabry disease market has been classified on the basis of treatment, end use and geography.

Based on treatment, the global fabry disease market is divided into following:

Enzyme replacement therapy
Gene therapy
Pharmaceutical formulations containing agalsidase alpha
Analgesics
Anticonvulsants
NSAIDs

Based on end user type, the global fabry disease market is divided into following:

Hospitals
Clinics

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
Eastern Europe (Russia, Poland, Rest of Eastern Europe)
Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC countries, S. Africa, Rest of MEA)

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Textile & Apparel Revolution: MEMS Inkjet Heads Drive Personalized Clothing & High-Resolution Printing

The global MEMS inkjet heads market size reached US$ 994.2 million in 2022. Demand for MEMS inkjet heads is estimated to surpass US$ 1 billion in 2023. During the forecast period, sales are expected to register 1.9% CAGR. Revenue is anticipated to cross around US$ 1.2 billion by 2033.

Demand in the MEMS inkjet heads market is being driven by its increasing usage in the textile and apparel sectors. MEMS inkjet heads offer precise and high-resolution printing capabilities. It allows textile manufacturers to create intricate designs and patterns on fabrics, which is highly desirable in the fashion industry.

With MEMS inkjet heads, textile and apparel companies can offer customized and personalized products. It enables consumers to design their own clothing, accessories, and home textiles.

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Traditional printing methods can result in significant material wastage. MEMS inkjet heads enable direct-to-fabric printing, minimizing waste by only applying ink where needed. This leads to cost savings and environmental benefits.

Fashion trends change quickly, and designers often require small batches of products. MEMS inkjet heads allow for efficient and cost-effective production of limited quantities. This reduces the need for large-scale manufacturing.

MEMS inkjet heads facilitate the creation of rapid prototypes and samples. This enables designers to quickly iterate and finalize their designs before moving to full-scale production.

MEMS inkjet heads can produce vibrant colors and intricate details on textiles, enhancing the visual appeal of products and meeting the high expectations of consumers. The “just-in-time” production approach becomes feasible with MEMS inkjet heads. It allows companies to respond to market demands more efficiently and avoid overstocking.

Consumers are increasingly demanding sustainable products. MEMS inkjet heads reduce water consumption and the use of chemicals compared to traditional dyeing processes. These are conveniently aligning with eco-friendly practices.

MEMS inkjet technology lowers the barriers to entry in the market for small businesses and individual designers. It enables them to enter the textile and apparel market with innovative and unique offerings. MEMS inkjet heads can be integrated into digital design and production workflows. This allows for seamless coordination between design software and printing processes.

MEMS inkjet heads can achieve high-speed printing, catering to the demands of large-scale textile production while maintaining print quality. The rise of e-commerce has led to increased demand for efficient and high-quality packaging solutions. It is further expected to drive the demand for reliable and precise inkjet printing for labeling, barcoding, and product information.

Key Takeaways from the Report:

The global market of MEMS inkjet heads is set to register 9% CAGR during the period between 2023 and 2033.
By end-use, commercial and industrial division is expected to expand at a CAGR of 1.7% in between 2023 and 2033.
The United States is accounted for a valuation of US$ 223.4 million in the global market by 2033.
China is set to dominate the market with a CAGR of 1.8% throughout the projected period.
In 2033, Japan market for MEMS inkjet heads is set to reach at a total of US$ 234.9 million.

“Rising inclination towards e-commerce platform will aid in driving demand for MEMS inkjet heads globally. Manufacturers might also focus on differentiating their products through unique features.” – says a lead Future Market Insights (FMI) analyst

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Competitive Landscape:

Key manufacturers might emphasize eco-friendly practices in their production processes, materials sourcing, and product design. This can attract environmentally conscious customers and align with industry trends.

Recent Development:

In October 2020, FUJIFILM the next version of the Samba print head family, the DIMATIX Samba G5L, will be introduced at the virtual Printers United virtual event, says Dimatix, the top producer of inkjet print heads used in business and industrial printing.

Key Companies Profiled

Canon Inc.
Eastman Kodak Company
FUJIFILM Dimatix Inc.
FUNAI Electric Co. Ltd.
HP Development Company L.P.

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

Investment Opportunity: The Booming Molluscicide Market Driven by Rising Crop Protection Needs

According to Future Market Insights (FMI), the global molluscicide market is forecast to attain a valuation of US$ 126.4 million in 2023. Over the forecast period from 2023 to 2033, global molluscicide sales are likely to rise at 6.9% CAGR, taking the overall market size to US$ 247.4 million by 2033.

Demand in the market is anticipated to remain high for biological molluscicides owing to their safe and environmentally friendly nature. As per the latest report, biological segment is poised to exhibit a CAGR of 6.8% through 2033.

Growing focus on protecting crops from snail and slug infestation is a prominent factor expected to drive the global molluscicide industry.

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Mollusks such as slugs and snails are harmful pests for fruits, crops, vegetables, ornamental plants, and ecosystems. They are known for their destructive nature on cultivated plants. As a result, need for controlling these pests is becoming more and more important day by day.

Molluscicides are substances or chemicals used to control or kill mollusks, especially those that pose threats to crops. These pesticides are being used across verticals such as agriculture, gardening, aquaculture, etc.

Rising food insecurity along with reduction in arable land is expected to positively influence molluscicide sales during the assessment period.

Mollusks are a great threat to agriculture, causing severe yield losses in a variety of crops globally. To address this and improve crop yield, farmers are increasingly utilizing biological and chemical molluscicides, thereby fostering market growth.

Another prominent factor boosting the target market is the growing popularity of biological molluscicides.

Due to limited number of chemical molluscicides on the market and awareness about their negative impact, end users are rapidly shifting their preference towards eco-friendly molluscicides.

Key Takeaways from the Molluscicide Market Report:

The global molluscicide industry valuation is anticipated to reach US$ 126.2 million by 2033.
Based on source, biological segment is expected to progress at 6.8% CAGR through 2033.
Based on form, pellet segment is poised to exhibit a CAGR of 6.7%from 2023 to 2033.
The United States molluscicide market is projected to cross a valuation of US$ 45.6 million by 2033.
China market is anticipated to top a valuation of US$ 43.7 million by 2033.
Demand for molluscicides in South Korea is predicted to rise at 6.7% CAGR.
The United Kingdom market is set to expand at 6.8% CAGR through 2033.
Molluscicide sales revenue in Japan is predicted to reach US$ 85.7 million by 2033.

“Rising concerns about food insecurity and growing need for improving food protection are creating a conducive environment for the development of the molluscicide industry. To increase their sales and walk with the changing trends, key companies are focusing on developing natural and eco-friendly molluscicides.” – says a lead Future Market Insights (FMI) analyst

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Competitive Landscape

These key players are concentrating on introducing new safe and eco-friendly molluscicides to help farmers in managing and controlling the population of mollusks. They are also inclined towards employing tactics such as acquisitions, facilities expansions, mergers, agreements, partnerships, and collaborations to solidify their market positions.

Recent developments:

In June 2020, a novel ferric phosphate-based molluscicide called Gusto IRON was launched by ADAMA for controlling slug population in the United Kingdom.
In December 2022,AgriNova New Zealand Ltd. was acquired by ADAMA Ltd. The acquisition will help the company to expand its offerings and solidify its position.

Molluscicide Market: Top Key Players

Lonza
Certis USA L.L.C.
Bayer
Zagro
Agchem Manufacturing Corporation
Adama Agricultural Solutions
AMGUARD Environmental Technologies
Neudorff
Philagro
Marrone Bio Innovations

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