Market Research Blog – Page 3313 – New Product Development

Reaping the Rewards: Fertilizer Additive Market to Flourish with a Projected CAGR of 4.20% by 2033

The fertilizer additive market is estimated to be worth US$1,167.62 million in 2023 and is projected to be valued at US$ 1,761.88 million in 2033. Between 2023 and 2033, the industry is expected to register a growth rate of 4.20%.

The increasing use of fertilizer additives for crop production, the overall growth of agricultural production worldwide, and the overall growth of the agriculture industry worldwide contribute to the market’s development. The growing concern towards yield enhancement has led to various formulations of fertilizers that incorporate unique fertilizer additives to impart necessary properties as per climate, soil type, and crop type across regions. This trend and typical usage formats significantly push the global fertilizer additive market.

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The environmental impact of traditional fertilizers, such as nutrient runoff and water pollution, has raised concerns. Fertilizer additives can help reduce these adverse environmental effects by optimizing nutrient release uptake and reducing nutrient loss. The growing environmental concern driving the market demand. Fertilizer additives can improve the efficiency of nutrient uptake by crops, reducing the amount of fertilizer required for the same yield. This not only saves costs for farmers but also reduces the environmental impact of excess fertilizer application.

The growing awareness among consumers about the environmental and health impacts of agricultural practices. This awareness has pushed producers and policymakers to seek more sustainable and environmentally friendly solutions, expected to drive the growth of the fertilizer additive market during the forecast period. The growing shift towards sustainable and regenerative agricultural practices has also increased the demand for fertilizer additives.

Key Takeaways

In 2022, the fertilizer additive market was valued at US$ 1,119.05
Based on product type, the anti-caking agent segment is expected to account for a share of 54.6% in 2023.
Global fertilizer additive demand in China is predicted to account for a CAGR of 5.80% through 2033.
Fertilizer additive in the United States is expected to account for a CAGR of 2.60% between 2023 and 2033.
Japan is projected to expand by a value CAGR of 1.70% between 2023 and 2033.
By 2033, the fertilizer additive market in India is anticipated to record a CAGR of 7.90% during the forecast period.

“The rapidly growing agricultural sector, with a focus on food security and increased crop yields. are anticipated to drive the market growth during the forecast period.” – says an FMI Analyst.

Competitive Landscape

The global fertilizer additives market depicts a fragmented competitive landscape due to numerous players in the market. The key players in the market have adopted innovative strategies like mergers, partnerships, and acquisitions to enhance their market presence and strengthen their market hold.

Key Companies Profiled

Clariant AG
Arkema S.A
Dorf Ketal
ArrMaz
Timac Agro USA
Michelman, inc.
Hubei Forbon Technology Co Ltd
Fertibon Products Pvt Ltd
Chemipol SA
Neelam Aqua & Speciality Chem (P) Ltd

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More Valuable Insights Available

Future Market Insights offers an unbiased global fertilizer additives market analysis, providing historical data from 2018 to 2022 and forecast statistics between 2023 and 2033.

To understand opportunities in the fertilizer additives market, the market is segmented based on Product Type (Anti- Caking Agent, Dust Suppressor, Drying Agent, Granulation Agent, Others) by Application (N(Nitrogen), P2O5, K2O, Others), Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, the Middle East, and Africa).

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Electric Massagers Market: Projected to Reach US$ 41,445.1 Million by 2033, with a CAGR of 8.1%

According to newly released data by Future Market Insights (FMI), the electric massagers market is estimated at US$ 18,922.5 million in 2023. It is projected to reach US$ 41,445.1 million by 2033, with a CAGR of 8.1% from 2023 to 2033.

The electric massagers market is poised for significant growth in the coming years due to several influential factors. These include the increasing popularity of leisure, beauty, and health activities, as well as the rapid miniaturization of electronic devices.

Electric massagers are useful for alleviating pain in the shoulder, back, neck, joints, and other body regions. The battery-operated or wired electric massagers are available. It seems that athletes are the ones that use electric massagers the most.

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Apart from beauty, leisure, and health activities taking the front seat, growing miniaturization of the electronics devices is responsible for growth of electric massagers market. Millennials form the majority of end-users. Several blogs and vlogs are coming up on this count in today’s scenario.

Additionally, advancements in technology, frequent product launches, and rising consumer awareness regarding the benefits of electric massagers contribute to market expansion. Moreover, the growing utilization of handheld electronic devices further propels the demand for electric massagers, driving market growth during the forecast period.

At the same time, the fact that non-electric massagers are being looked upon as a safer option can’t be ignored. People still fear using electric massagers due to possibility of stroke, shock, and likewise. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Electric Massagers Market’. It has delved deep into the market to table the outcomes of primary, secondary, and tertiary research. The analysts and consultants are engaged with all their expertise for execution.

Key Takeaways from Electric Massagers Market

Europe holds a sizable market share due to rising stress-related issues like insomnia, headaches, and various others as an outcome of hectic lifestyles.
North America also holds a significant market share due to increasing awareness on the part of end-consumers regarding mental and physical health benefits linked with electrical massagers.
The Asia-Pacific is expected to grow at the fastest rate in the electric massagers market with the population turning out to be more vigilant regarding health and wellness.

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Competitive Landscape

HoMedics USA LLC makes way for a broad spectrum of products inclusive of humidifiers, air filters, fitness monitors, sleep aids, and home massage products.
OSIM International Ltd. has been promoting ‘OSIM’ brand all across India. The company leads in health-related and lifestyle products. As of now, it is operational in 24 countries in 111 cities with over 800 outlets.
Beurer, makes way for medical products like therapy massagers and devices, heart rate monitors, and activity sensors.
HealthmateForever could be referred to as nerve simulators using self-adhesive electrode pads for targeting specific muscle areas and nerves. It’s ascertained that the medical devices have obtained Class II, OTC clearance.
Breo’s product portfolio is inclusive of eye massager, neck massager, and head massager.
Human Touch provides massage chairs that have been rejuvenating body and mind since the last 4 decades. At present, the company produces robotic massage chairs recognized by the WFC (World Federation Chiropractic) as a vital supplement to the therapies pertaining to back care.

“With the fact that electric massagers are used in the form of relaxation therapy by the consumers on regular basis, the global electric massagers market is bound to grow impertinently in the forecast period”, says an analyst from Future Market Insights.

For Instance:

In 2022, Osaki Massage Chair Inc. launched a new 3D massage chair for their OS-Pro product line, called the Osaki OS-Pro 3D Honor, a 3D massage chair is of great esteem with its L-Track rolling system which is designed with Japanese massage style.

Key Segments Profiled in the Electric Massagers Industry Survey

Product Type:

Back & Body Massagers
Leg & Foot Massagers
Neck & Shoulder Massagers
Head Massagers
Others

End-User:

Residential
Commercial

Sales Channel:

Store-Based Retailing
Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Independent Stores
Online Retailer

Region:

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

What does the Report shape up?

The research study is based on product type (back & body massagers, leg & foot massagers, neck & shoulder massagers, head massagers, and likewise), by end-user (commercial and residential), and by sales channel (store-based retailing, supermarkets/hypermarkets, convenience stores, specialty stores, independent stores, and online retailers).
With emphasis on self-help coupled with alternative health practices, the global electric massagers market is bound to take an exponential leap in the forecast period.

Author

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

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

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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Structural Adhesive Market Reaching New Heights: US$ 19,619.8 Million Revenue Expected by 2033

The structural adhesive market is expected to reach US$ 12,276.7 million in 2023. The market is predicted to reach a value of US$ 19,619.8 million in 2033. Between 2023 and 2033, the market is expected to register a growth rate of 4.8%.

Biocompatibility and the ability to bond with biological tissues and materials will continue to be key features of medical and biomedical adhesives. The flexibility of adhesives comes from their ability to bond plastics, metals, and composites together. The benefits of these technologies allow engineers and designers to create innovative and lightweight structures.

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The use of structural adhesives can reduce the risk of corrosion in marine and offshore industries, where corrosion is a concern. Structured adhesives can seal and insulate, making them good for applications that need to resist moisture, substances, or temperature variations. In industries such as automotive and aerospace, structural adhesives can be valuable for reducing vibrations and noise.

Using adhesives instead of welds and rivets can help reduce the amount of emissions and waste produced during the application and removal of these materials as environmental regulations become more stringent. Along with simplifying and speeding up the production process and reducing the number of mechanical fasteners, adhesive bonding can be a simple and effective way of simplifying and speeding up the production process.

Researchers and engineers are constantly working on developing new adhesive materials with improved properties. These may include adhesives that are stronger, more durable, resistant to extreme temperatures, and compatible with a wider range of substrates.

An adhesive formulation can be improved by using nanomaterials like nanoparticles and nanotubes. The properties of these nanomaterials can be improved in terms of adhesion strength, toughness, and resistance to environmental factors. Smart or adaptive properties may be added to structural adhesives market growth in the future. In the case of adhesives, self-healing capabilities or improved flexibility can be achieved by changing their properties with changes in the environment or mechanical stress.

Key Takeaways from the Structural Adhesive Market Report:

According to FMI, building & construction are expected to hold 38.3% of market revenue by 2033.
A market share of 39.1% is anticipated for PU-based products in the structural adhesive market.
The United Kingdom is expected to record a CAGR of 3.7% until 2033.
In 2033, the demand for structural adhesives in the United States is expected to increase by 4.6% CAGR.
By 2033, the structural adhesives market in India is predicted to expand at 6.4% CAGR until 2033.

“Eco-friendly and sustainable structural adhesives are growing in demand on the market. A growing number of construction projects and a strong need for high-quality sealants and insulation will drive market growth in the near future.” – says FMI analyst.

Competitive Landscape:

Structural adhesives are a highly competitive market that several companies occupy. Niche markets for specific demographics are becoming more popular. Strong partnerships and a focus on innovation have helped the market. Recent developments have led to the introduction of a number of structural adhesives.

Market Developments Include:

In April 2023, Henkel streamlined its Adhesive Technologies business by establishing three instead of four business areas. In order to accomplish this objective, they have introduced a new organizational structure, which consists of three divisions, mobility & electronics, packaging & consumer goods, and craftsmen, construction & professional services.
In June 2023, Bostik and Polytec PT launched a new thermal conductive adhesives range to accelerate innovative battery designs. Thermal management – or TIMs – plays an increasingly important role in e-mobility, characterized by fast charging.

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Key Companies Profiled

Henkel AG & Co. KGaA
Dow
3M
H. B. Fuller Company
Franklin International
AVERY DENNISON CORPORATION
Ashland
Lord Corporation (Parker Hannifin Corp.)
Arkema
Hubei Huitian Adhesive Enterprise Co., Ltd.

Structural Adhesive Market Segmentation:

By Product Type:

Epoxy-based Structural Adhesive
Acrylic-based Structural Adhesive
Polyurethane-based Structural Adhesive
Cyanoacrylates
Others

By Application:

Transportation Sector
Building & Construction Sector
Energy Sector
Others

By Region:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Riding the Growth Wave: Zinc Chloride Market Forecast to Reach US$ 505.6 Million by 2033

By 2023, it is anticipated that size of the global zinc chloride market will be worth US$ 309.6 million. Throughout the anticipated period, the market is anticipated to surge at a CAGR of 5.0%. By the end of the forecast period 2023 to 2033, a market value of US$ 505.6 million is predicted.

Demand for zinc chloride is expected to rise as a result of expansion in a number of sectors, including chemicals, medicines, and agriculture. These sectors rely substantially on zinc chloride due to the variety of manufacturing techniques and product compositions it is used in.

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Demand for consumer goods and infrastructure development in emerging nations is being fueled by growing populations and rising disposable income levels. Batteries, textiles, rubber, and plastics- all vital components of numerous consumer goods and building materials, are produced with the help of zinc chloride.

Demand for renewable energy technology is rising as environmental laws and a focus on sustainable energy sources become more prevalent. Zinc chloride is a crucial component in the renewable energy sector since it is used in the production of solar cells and other energy storage devices.

To fulfill the rising need for food, the agriculture sector is transitioning to more efficient and sustainable farming methods. Widely used in fertilizers as a micronutrient, zinc chloride promotes healthy plant growth and increases agricultural yields. Demand for zinc chloride is anticipated to increase as agricultural activities expand to meet the world’s food needs.

Growing demand for zinc chloride is probably due in part to ongoing research and development efforts to find new uses for it. Zinc chloride is being used in a variety of disciplines, including medicine, electronics, and water treatment.

Scientists and engineers are continuously looking for new and creative applications for it. It is projected that these developments would expand market prospects and increase demand for zinc chloride globally.

Demand will also be pushed by growing awareness of and adoption of zinc-based products in the healthcare and personal care sectors. A multitude of medicines, ointments, lotions, and cosmetic goods are made with zinc chloride.

Due to its antibacterial qualities, it is a useful component in antiseptics, wound care treatments, and oral hygiene products. Sales of zinc chloride, a crucial ingredient in these formulations, are anticipated to increase along with high demand for healthcare and personal care products, which is likely to continue to climb globally.

Key Takeaways from Zinc Chloride Market Study:

The global zinc chloride industry witnessed a CAGR of 2.1% during the historical period from 2018 to 2022.
India zinc chloride industry is set to create an absolute dollar opportunity of more than US$ 25 million in the next ten years.
China zinc chloride industry is anticipated to create an absolute dollar opportunity of more than US$ 40 million by the end of the forecast period.
Based on grade, the high purity segment is expected to expand at 4.9% CAGR from 2023 to 2033.
Chemical end-use sector segment is estimated to generate revenues of over US$ 50 million throughout the evaluation period.

“Color cosmetic products such as eyeliners, eyeshadow, and mascara are made using zinc chloride. Owing to its binding properties, pigments on the skin adhere better and last longer. In order to provide a smooth application and improved wear, zinc chloride can additionally help to the general stability and texture of cosmetic compositions. It is set to create new opportunities in the global market.” – says a lead analyst at Future Market Insights (FMI).

Competitive Landscape

A small number of manufacturers represent about half of the market share in the modestly consolidated global zinc chloride market. These players outperform their rivals in terms of production capacity. As a result, they are a leading producer and exporter of zinc chloride worldwide.

Important market players are also using a variety of techniques to increase their profits. Focusing on lowering carbon emissions in order to support sustainability objectives is a well-known method. With this strategy, important firms might improve their market standing while also preserving the environment.

Smaller market participants, in contrast, place a higher priority on raising their production capacity to fulfill the expanding regional demand. To increase their sales outside of local markets, they are currently focusing on export-driven markets. Small firms can expand their market share and sales potential by entering new markets and forging supply chain agreements with end users.

For instance,

Toothpaste infused with zinc salt was developed by Unilever, a prominent brand in the personal care goods sector, in March 2021. It guarantees to lower blood pressure and improve nitrate reductase activity.

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Key Companies Profiled

Zaclon LLC
Costal Zinc Group
Jinzhou Jitian Zinc Industry Co., Ltd.
Weifang Dongfangsheng Chemical Co., Ltd.
Lipmes SA
HaloPolymer OJSC
Tianjin Nanping Chemical Co., Ltd.
TIB Chemicals
Flaurea Chemicals
Vap Industries
Haihang Industries
Haryana Chemical Industries

Get More Valuable Insights into the Zinc Chloride Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global zinc chloride industry, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on grade (high purity grade, battery grade, technical grade, and commercial grade), form (powder and liquid), end-use sector (electronics, chemical, agriculture, pharmaceuticals, and others), and regions.

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Electric Face Cleansers Market: Forecasted to Grow at a CAGR of 9.3% by 2032, Redefining Skincare Trends

In 2022, the demand for Global Electric Face Cleanser’s is projected to be valued at US$ 1.68 billion, with a forecasted growth at a CAGR of 9.3% to reach US$ 4.1 billion from 2022 to 2032.

Electric face cleansers are versatile personal care devices suitable for all skin types, offering a gentle yet effective cleanse. They enhance the facial cleansing process by utilizing oscillation technology, which aids in improving blood circulation and effectively eliminating dirt, makeup, and oils from the skin.

North America currently controls the majority of the market for electric face cleansers due to the presence of significant companies and growing consumer awareness of beauty goods. Skin allergy incidences have also increased in the population as a result of extended sun and UV radiation exposure.

This is probably going to spur the skincare industry’s expansion in the upcoming years, which means that countries like the US and Canada will see a rise in the need for electric face cleaners.

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Which are Some Prominent Drivers Spearheading Electric Face Cleansers Market Growth?

Owing to increasing levels of pollution in several countries and its detrimental effects on human skin, consumers are opting for various skincare products, such as electric face cleansers, to protect against pro-oxidative chemicals and air pollutants.

Rapid innovations in the cosmetic industry and growing consumer demand for portable devices with high battery backup are some important factors that will boost the demand for Electric Face Cleansers during the forecast period

What are the Challenges Faced by the Electric Face Cleansers Industry?

The availability of alternatives to electric face cleansers in the market and the high price of electric face cleansers compared to conventional products are important factors that will impede the growth of the market. It is also difficult to clean brushes and filters of electric face cleansers.

That apart, limited government regulations in developing countries that cover electronic personal care devices lead to an increase in the trade of false/imitation products in the market, which may also hamper the growth of the electric face cleansers market during the forecast period.

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Why is Asia-Pacific Emerging as an Opportunistic Electric Face Cleansers Market?

The Asia Pacific is the fastest-growing region in the cosmetics market. Over the last five years, outdoor air pollution has increased by 8% worldwide. Various cities in the Asia-Pacific and the Middle East regions are dealing with the menace of air pollution and consumers are becoming more aware of the detrimental effects of air pollution. This is the primary factor that will accelerate the growth of the electric face cleansers market during the forecast period.

Additionally, an upsurge in disposable income owing to rapid urbanization, key players penetrating the market, and growth of the electric appliances market are likely to rev up the sales of electric face cleansers in the region. Countries like China and India are the major consumers of cosmetic products all over the world. This is estimated to strengthen the demand for electric cleansers throughout the forecast period.

How is Europe Contributing to the Growth of the Electric Face Cleansers Market?

The Europe electric face cleansers market is projected to grow ascetically in the foreseeable future. Increasing spending rate on cosmetic products by individuals is assessed to propel electric face cleanser market growth in Europe. Besides, the launch of new cosmetic products by renowned players in the province is likely to back Europe’s market growth.

Why does North America Hold a Significant Share in the Electric Face Cleansers Market?

North America dominates the electric face cleansers market, backed by the presence of prominent players as well as soaring awareness about beauty devices among people. Additionally, there has been an upsurge in skin allergy occurrences among the population owing to longstanding exposure to sun and UV radiations. This, in turn, is likely to encourage the skincare market growth in the next few years, thus, which will boost the demand for electric face cleansers in the countries like U.S & Canada.

Key Players Are:

Pacific Bioscience Laboratories Inc.
The Procter & Gamble Company
Panasonic Corporation
The Proactiv Company LLC
DDF Skincare Company
Shenzhen Shidai Zhongchuang Investment Co., Ltd.
Clinique Laboratories, LLC
Michael Todd
LP
Etereauty Innovations Limited
LAVO Skin Company
Koninklijke Philips N.V.
LumaRx Company
Kingdom Cares Co., Limited.

Key Segments Profiled in the Electric Face Cleansers Industry Survey

Sales Channel:

Hypermarkets/Supermarkets
Multi-brand Stores
Specialty Beauty Stores
Online Stores
Independent Small Stores
Others

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa

Author

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Chocolate Bar Packaging Market is Expected to Reach at a US$ 1,291.2 Million by 2034 | FMI

The global market for chocolate bar packaging solutions is estimated to be around US$ 815.7 million in 2024. In 2023, the market was valued at US$ 788.1 million. It is projected to exhibit a CAGR of 4.70% and reach US$ 1,291.2 million by 2034.

The global chocolate industry is going through a transitional phase in the last few years. With the rise of artisanal chocolates, the demand for chocolates in the general population all over the world is touching the skies. This has opened new doors for chocolate bar packaging solutions, as it offers effective protection to the product during transit and enhances the visual appeal on store shelves.

The demand for chocolate bar packaging solutions is also surging due to the branding opportunities it offers to the key market players. Brands can leverage chocolate bar packaging as a powerful tool for brand differentiation and communication. The significance of this packaging is skyrocketing as it serves as a canvas for conveying brand stories, values, and the overall identity of the chocolate product.

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In countries like India, China, and Australia, where the population is experiencing a gradual rise in disposable incomes, individuals are opting for premium and artisanal chocolate products. To respond to these demands, brands are curating packaging that gives a sophisticated feel, thus enhancing their chocolate-eating experience. Besides this, brands are also using innovative methods featuring augmented reality to engage tech-savvy consumers across the world.

“There is a rising focus on sustainability globally. The chocolate bar packaging market, too, is coming up with new materials that are 100% recyclable, which is expected to attract millions of eco-conscious consumers to the market. Several brands like Mars, Nestle, etc., have taken major steps ahead in the process,” says an FMI analyst.

Key Takeaways from the Market Study

Stick packs are estimated to dominate the global chocolate bar packaging market with a 23.40% share in 2024.
Plastic material in the chocolate bar packaging market is expected to account for 51.30% of the market share in 2024.
The chocolate bar packaging market in India is predicted to grow at a CAGR of 7.20% through 2034.
The chocolate bar packaging market in China is predicted to rise at a 6.40% CAGR through 2034.
The chocolate bar packaging market in the United Kingdom has the potential to increase at 5.20% CAGR through 2034.
The South Korean chocolate bar packaging market is predicted to rise by 5.30% CAGR through 2034.
The chocolate bar packaging market in Thailand is predicted to grow at a CAGR of 6.10% through 2034.

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Competitive Landscape

A mix of established global players, emerging regional contenders and niche players with specialized focuses characterizes the chocolate bar packaging market. Very few companies have a worldwide presence, establishing partnerships with local and international chocolate-producing brands to cater to a broad consumer base.

Small brands in the market have significant opportunities, catering to the demands of regional confectionery stores and manufacturing units. The market offers ample opportunities for innovation in packaging designs, materials, and functionalities to meet evolving consumer expectations.

Recent Developments

Hershey’s “SHE” chocolate bars returned to shelves on March 1, 2023, for the third year of Women’s History Month, featuring a new wrapper with over 200 uplifting adjectives describing women and girls.
Indian nutrition firm Brawny Bear has partnered with Pakka Limited for eco-friendly chocolate bar packaging, introducing flexible paper packaging to enhance sustainability.
Mars successfully transitioned its chocolate bars from plastic to recyclable paper packaging in a recent UK trial, implemented in 500 Tesco stores starting May 29, 2023.

Key Market Segmentation

By Material:

Paper
- Plastic
- LDPE
- PVC
- PET
- PE
- Foil
- Aluminum

By Type:

Wrappers
- Boxes
- Secondary packaging (Pouches, Bags)

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights Inc. (FMI)

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

Contact Us:

Nandini Singh Sawlani

Paper Recycling Market is Expected to Grow at a Moderate Rate by 2024 to 2034, with a CAGR of 5.7% | FMI

The paper recycling market is slated to have a valuation of US$ 7.5 billion in 2024. In contrast, the 2023 value was marked at US$ 7.1 billion. The progress of the market is anticipated to be sturdy over the period from 2024 to 2034, with a CAGR of 5.7%. The 2034 valuation of the paper recycling market is forecasted to be US$ 13.1 billion.

The packaging industry is undergoing a sustainability makeover in light of government regulation and consumer pressure. Thus, an environmentally sound solution like recycled paper is finding increasing acceptance in the packaging of diverse industries like food & beverage, pharmaceutical, and healthcare. The growing recycling trend among consumers is also positively impacting the market.

Paper recycling happens at all scales, and thus, there are numerous applications for recycled paper. The DIY culture has prompted a significant chunk of the population to recycle paper at home for various diverse purposes, such as gift wrapping and homemade bags. Aside from industrial usage, recycled paper is also being used in the publishing sector for magazines, books, and more.

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The demand in the paper recycling market is limited by the amount of paper available at manufacturers’ disposal. A lack of awareness of the importance of recycling leads to wastage of high-quality paper. Stringent government regulations regarding the import and export of waste paper can potentially hamper market growth further.

“Manufacturers in the market are looking to streamline the process of paper collecting and recycling. Suppliers are making use of technology to make the process more efficient. Robotics, AI, and sensors are some examples of technology being used in various stages of the recycling process. Thus, technology is set to play a big part in the future of the paper recycling market,” says an analyst at FMI.

Key Takeaways from the Paper Recycling Market

The paper recycling market is expected to be US$ 5 billion in size in 2024.
Molded pulp fiber is the common type of material used. For 2024, molded pulp fiber is expected to contribute to 53.1% of the market share by material.
The popular recycling process is the open loop one. For 2024, open loop recycling is expected to account for 72.4% of the market share.
China is expected to be one of the leading countries in paper recycling. The market in China is forecast to have a CAGR of 7.2% from 2024 to 2034.
India and South Korea are other Asian countries with potential for the market. For the forecast period, the CAGR for India and South Korea is marked to 6.7% and 6.1% respectively.
The market is expected to progress at a CAGR of 5.1% in the United Kingdom.

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Competition Analysis of the Paper Recycling Market

Companies in the market are on the lookout for innovations in technology as well as new ways of obtaining paper. The market is competitive, with several established players competing with lower-level players for a share. Some prominent companies in the market include Cascades Inc., Saica Group, Pratt Industries LLC, and WestRock Company.

Recent Developments in the Paper Recycling Market

In November 2023, AusWaste Recycling teamed up with the government in Australia to launch a paper recycling plant in Brendale, Australia.
In May 2023, Mars started a trial run for its chocolate bars with recycled paper packaging in the United Kingdom.
In January 2023, Essity announced its intentions to improve its paper recycling facility in Northumberland, United Kingdom.

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Hydrogels Market is Expected to Reach at a US$ 6.7 Billion by 2033, Recording a CAGR of 6.6% | FMI

The global hydrogels market size is likely to be valued at US$ 3.5 billion in 2023. The increasing application of hydrogels in the healthcare sector in wound care, and drug delivery is driving the market growth. The market is estimated to garner US$ 6.7 billion in 2033, recording a CAGR of 6.6% from 2023 to 2033.

Rising demand for hydrogels in various applications like hygiene products, drug delivery, wound care, and others are some of the factors driving the growth of the hydrogel market.

The increasing use of hydrogels in contact lenses further spurs the market growth as more than half of the population needs some form of vision correction. With the increasing population pool of elderly people, the use of contact lenses is increasing significantly.

The increasing application of hydrogels in the agriculture industry has created ample growth opportunities for the market Increasing application of hydrogels in skincare products, hair care products, and cosmetics also boosts the market growth during the forecast period.

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The polyacrylamide-composed hydrogels are biocompatible and non-toxic, which makes them suitable for biomedical applications, such as drug delivery and tissue engineering. These are also preferred in agriculture for soil conditioning and water retention, as they have high water content.

Growing investments in the healthcare sector in Europe and North America are likely to boost the demand for hydrogels in the region. The increased technological advancement in healthcare and increased disposable income and increased spending on hygiene products drive the growth of the hydrogels market during the forecast period.

Key Takeaways from this Market Study:

From 2018 to 2022, the market demand expanded at a CAGR of 8.3%
Based on raw materials, the natural segment accounts for a CAGR of 6.4%
By composition, the polyacrylate segment is expected to expand at a CAGR of 6.2% during the forecast period
North America to emerge as a promising market, capturing a CAGR of 6.5%
Asia Pacific is an opportunistic market, expected to capture a CAGR of 6.3% during the forecast period.

“Growing technological innovation in healthcare, as well as the growing advances in the agriculture industry, is expected to drive the market in the forecast period. The increasing demand from the industrial sector globally is projected to play a vital role in strengthening the market,” – comments an analyst at FMI.

Competitive Landscape:

Prominent players in the hydrogels market are 3M Company; B. Braun Melsungen AG; Cardinal Health, Inc.; Coloplast Group; Advanced Medical Solutions Group PLC among others.

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Some notable market developments are as follows:

In 2020, Johnson & Johnson announced the launch of a new hydrogel wound dressing called SILVERCEL™ Hydro-Alginate. The new hydrogel product is designed to provide antimicrobial protection and promote wound healing. Johnson & Johnson offers a range of hydrogel products for use in wound care, drug delivery, and other medical applications.
In November 2020: Advanced Medical Solutions Group plc announces that it has acquired Raleigh Adhesive Coatings Limited, an independent wound care and bio-diagnostics coatings business. The Acquisition brings strong synergies with AMS’s finished product offering, with the opportunity to increase the efficiency of the Company’s wound care manufacturing operations and provide entry points into new customers and markets, cross-selling of products and services as well as an R&D pipeline of new projects in the medical space.

Know More about What this Hydrogels Market Report Covers:

Future Market Insights offers an unbiased analysis of the global hydrogels market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the hydrogels market, the market is segmented based on the raw material, composition, and application across five major regions.

Key Segments Covered in this Analysis:

By Raw Material:

Natural
Synthetic
Hybrid

By Composition:

Polyacrylate
Polyacrylamide
Silicon
Other

By Application:

Agriculture
Healthcare & Hygiene
Contact Lenses
Drug Delivery
Tissue Engineering
Others

By Region:

North American Hydrogels Market
Latin America Hydrogels Market
Europe Hydrogels Market
Asia Pacific Hydrogels Market
Middle East and Africa Hydrogels Market

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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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Nandini Singh Sawlani

Rising consumer awareness of lutein’s benefits for eye health, particularly against macular degeneration, is driving the market

The global lutein market is seeing sustained increase as a result of growing consumer knowledge of lutein’s advantages for eye health. Many fruits and

Natural sources of lutein, a pigment thought to guard against cataracts and age-related macular degeneration, include vegetables. The market is expanding because lutein-containing functional foods and dietary supplements are becoming more and more popular. In addition, growing uses in the pharmaceutical and cosmetic sectors along with improvements in extraction methods are anticipated to propel the lutein market in the next years.

The current global market value for lutein is projected to be US$ 354.3 million. By 2032, it is expected to have grown to US$ 590 million, with a cumulative annual growth rate (CAGR) of 5.2%.

The global lutein market is expected to increase steadily over the estimated timeframe. The constantly expanding healthcare sector is likely to drive up demand for eye supplements, which in turn will drive further growth in the lutein market in the near future.

Lutein functions as a type of “internal sunglasses” that absorbs blue light, potentially mitigating the photochemical damage caused by short visible light wavelengths. Lutein, which is included in green vegetables and can be taken as a dietary supplement, has been shown to increase MPOD (Macular Pigment Optical Density) in human eyes and reduce the risk of AMD (Age-related Macular Degeneration).

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Global Lutein Market: Segmentation

The Lutein market can be segmented on the basis of end-use industry, application, and regions. Based on the end-use industry, Lutein is segmented into food, pharmaceuticals, nutraceuticals, animal feed applications, and dietary supplements.

The cosmetics & pharmaceutical sectors are projected to grow during the forecasted period. On the basis of the application, the lutein market is segmented into food coloring, dairy products, egg products, cosmetics, tobacco, medicine, and poultry feed. The application of lutein in dairy & egg products is the foremost segment of the Lutein market over the projected period.

Growing consumer preference towards functional dairy products such as cheese, yogurt, and ice creams due to increasing health concerns consumers may drive the global lutein market.

Global Lutein Market: Regional Outlook

On the basis of the geographical market segment, it is segmented into seven different regions: North America, Latin America, and Eastern Europe, Western Europe, and Asia-Pacific region, Japan and the Middle East and Africa.

In regional segments, APAC is presently the market leader in terms of revenue in the global lutein market and is expected to hold market dominance over the forecast period followed by North America will witness relatively high growth in the global Lutein market over the forecast period as increasing health concerns mainly increasing demand for Lutein in healthcare industry as consumers are using variety Lutein infused products which are related to bone, heart, eye, weight, digestion, immune diseases may drive U.S. lutein market.

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Global Lutein Market: Drivers & Restraints

Hectic lifestyle and lack of stable diet have increased health problems such as diabetes, heart diseases, obesity, and stroke will boost the lutein dietary supplements market which includes fatty acid, minerals and vitamins during the anticipated period.

Supplements which contain lutein have some restraint, it may cause hives, rash, stomach cramps, and facial swelling & breathing problem is the major restraint of lutein market.

Consumption of high amount of lutein products or supplements may lead to a yellowing skin. Henceforth, lutein is not legalized as a nutritive ingredient in infant formula which reduces the industry profit margin and pressurizes products price trend is another key fear for global lutein market.

Global Lutein Market: Key Players

Some of the key players operating in the global Lutein market include DSM, BASF, Solaray, Sundown, Iorrow, Allied Biotech Corporation, Kemin, Tianjin Pharmaland, Nature’s Bounty, and few other regional players.

Manufacturers all over the world are expanding and innovating new technology and improving in production which may favor drive value & volume market size growth and also focus on different strategies to maintain their market share in the global lutein market.

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

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The report covers exhaustive analysis on

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

Regional Analysis Includes

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

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Pour Point Depressant Market Poised for Steady Growth at 3.70% CAGR to Reach US$ 2,945.22 Million by 2033

The pour point depressants market was expected to reach US$ 1,974.80 million by 2022. The industry is projected to be valued US$ 2,048.00 million by the end of 2023. The pour point depressant market is expected to expand at a rate of 3.70% CAGR over the course of the forecast period, reaching a valuation of US$ 2,945.22 million by 2033.

The growth of cold chain logistics within the food, pharmaceutical, and chemical industries, along with the increasing need for commodities that are sensitive to temperature, are driving the market for pour point depressants. Pour point depressants maintain the flow properties of lubricants used in refrigerated storage and transit, which helps to maintain the integrity of the product.

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Key Takeaways from the Market Analysis

Pour point depressant sales in the United States will likely rise at a 4.00% CAGR over the course of the projected year.
From 2023 to 2033, the pour point depressant market in the United Kingdom is expected to flourish at a CAGR of 3.30%.
Pour point depressant demand in Germany are anticipated to expand at a 4.10% CAGR over the course of the projected year.
Pour point depressant sales in China are anticipated to surge at a 4.10% CAGR between 2023 and 2033.
Over the course of the forecast period, the pour point depressant market in India is projected to expand at a 3.80% CAGR.
In 2023, it is anticipated that the poly alkyl methacrylate segment will reach a market share of 33.8%.
The group II category is projected to account for 51.9% of the global market in 2023.

“The increased adoption of environmentally friendly pour point depressant solutions, as well as continued technological improvements leading to better low temperature performance, will eventually drive demand in the global market,”– says an FMI analyst.

Competitive Landscape

Manufacturers invest efforts in research and development to create new pour point depressant formulas. Companies can differentiate themselves in the market and command premium prices by creating products with unique features, such as enhanced performance or versatility with different types of crude oil.

Manufacturers often expand geographically to access new markets where pour point depressants are becoming more and more necessary. Businesses can increase their customer base, diversify their revenue streams, and increase profitability by going global via alliances, mergers, or acquisitions.

Key Developments

In 2022, to better serve its clients in the pharmaceutical, home care, personal care, and industrial application sectors, Clariant planned to enlarge its Care Chemicals facility in Daya Bay, Huizhou, China.
By 2024, the CHF 80 million investment will have increased capacity for current goods and brought new ones to market. The Clariant Daya Bay manufacturing plant has become the first API company in China to have approved polyethylene glycol Polyglykol 3350 after successfully receiving the medication GMP certificate. The location will serve as a new worldwide center for Clariant’s healthcare business support, expediting the delivery of premium ingredients for medications that have the potential to save lives.
In 2022, Lubrizol and Grasim Industries Limited initiated the construction of the first phase of a 100,000 metric ton CPVC resin facility in Vilayat, Gujarat, India. The Grasim Industries complex will house the largest single site CPVC resin production capacity in the world. It is intended to provide the growing demand for CPVC piping uses across India and its surrounding nations, including Bangladesh, Indonesia, and Nepal.

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Key companies profiled

AkzoNobel N.V.
Chevron Oronite Company L.L.C.
Clariant
Afton Chemical Corporation
The Lubrizol Corporation
Evonik Industries
Infineum International Limited
NALCO Champion
Shengyang Greatwall Lubricant Oil Co. Ltd.
The Aurora Chemical
Puyang Jiahua Chemical Co., Ltd.
Sanyo Chemical Industries Ltd.
Qingdao Lead Oilfield Solutions Co. Ltd

More Valuable Insights Available

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

To understand opportunities in the global pour point depressant market, the market is segmented on the basis of chemical compositions (poly alkyl methacrylate, styrene ester, alkyl aromatic polymer, alkylated polystyrene, others), base oil additives (group I, group II, group III), end use industry (lubricants, industrial, automotive, marine, aviation, oil & gas, exploration & production, refining) and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, The Middle East & Africa).

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani