Market Research Blog – Page 3393 – New Product Development

Chemical & Food Industries Drive 4.4% CAGR Growth in Sodium Chloride Market: FMI Study

The sodium chloride market is valued at US$ 44.4 Billion in 2023 and is anticipated to value at US$ 67.4 Billion by 2033. The Sales of sodium chloride are likely to grow at a CAGR of 4.4% during the forecast period.

There is a growing demand for sodium chloride in the chemical sector to develop products such as dyes, paper, plastic, rubber and detergents to advance market growth. Feedstock chemical is highly used in developing chemical products, which in turn boosts the market. An increase in the adoption of sodium chloride by manufacturing companies is observed to make polyester, cleaning tools and machinery.

Moreover, the growing adoption of sodium chloride by the food and beverage industry increases the shelf life of food and enhances its quality. The demand for sodium chloride to preserve foods such as meat and cheese is also likely to increase market opportunities during the forecast period.

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The manufacturers are growing in the pharmaceutical industry to treat dehydration and excessive sweating and with increasing adoption of sodium chloride. In addition, there is a growing demand for sodium chloride from the healthcare sector to maintain blood pressure and relax patients’ muscles.

End-use Industries Propel the Sodium Chloride Market Growth

An increase in the demand for alkaline products such as chlorine, soda ash and caustic soda is impelling the sodium chloride market growth. There are a few more factors that are expected to bolster the market growth during the forecast period, such as the growing population, emerging industries and disposable income. The rising adoption of sodium chloride in various end-use industries such as water treatment, animal feed, agrochemicals and oil & gas is the key factor contributing towards market expansion.

A Glimpse of Top Countries in the Sodium Chloride Market

The US dominates the global market by recording a CAGR of 3.8% with a valuation of US$ 4.0 Bn during the forecast period. Growing disposable income and rising end-use industries such as chemical and food are advancing the US market size. Additionally, the US market growth is fueled by the increasing adoption of sodium chloride in the chemical sector to increase the production of chemical products.

China is estimated to capture a CAGR of 6.2% with a valuation of US$ 2.9 Bn during the forecast period. Increasing consumption of sodium chlorine for cleaning equipment in the healthcare sector is observed in China. The manufacturers are advancing the food and beverage industry to maintain the shelf life of food and preserve it for a long time in China.

Key Takeaways:

The sodium chloride market valuation is expected at US$ 67.4 Billion by 2033.
The global market is increasing during the forecast period by witnessing a CAGR rate of 4.4%.
The market in the United States is anticipated to grow at a CAGR of 3.8% through 2033.
The China market is likely to uplift significantly during the forecast period with a CAGR of 6.2%.
The Japanese market is expected to grow at a CAGR of 3.3% over the forecast period.

Who is Winning?

The prominent manufacturers and vendors are impelling the market size by increasing the production of sodium chloride all over the region during the forecast period. In addition, distribution channels, emerging suppliers and new market entrances are advancing the market opportunities. The adoption of different market strategies and millions of dollars in investment by the market players greatly contribute to boosting the maximum output in the market.

In Jan 2021, FDA announced legal approval for Aurobindo Pharma to manufacture and distribute 0.9% sodium chloride injection to the US healthcare industry.

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Leading Companies in the Sodium Chloride Market

Cargill incorporated
Compass Minerals International.
K+S AKTIENGESELLSCHAFT
Wacker Chemie AG
Akzo Nobel N.V.
Tata Chemicals Limited
Südwestdeutsche Salzwerke AG
INEOS GROUP HOLDINGS S.A
Hindustan Ltd
Dampier Salt Limited
Others

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:

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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Induction Cooktop Market: Thriving at a Strong CAGR of 8.3% from 2024 to 2034 – Exploring the Booming Growth

In 2024, the global sales revenue for induction cooktops is expected to reach a value of US$ 22,537.20 million. Over the period from 2024 to 2034, the induction cooktop appliance market is forecasted to experience robust growth, with a strong Compound Annual Growth Rate (CAGR) of 8.3%. By the year 2034, it is anticipated that the commercial induction cooktop market will exceed a valuation of US$ 49,917.50 million.

As the cooking pan or vessel are heated indirectly by a magnetic field and not by electric heating element neither flame, much heat is wasted on warming the air around them making induction cooktops efficient in the way of using. Induction cooking surfaces are made of glass or hard heat-resistant ceramic which help keep food on the surface of the cooktop.

These are also often produced out of highly durable and cleanable glass or ceramic cooktops. On an induction cooktop, food can also be cooked at very low temperatures. These induction cooktops also contain a safety feature that will automatically shut off if no cooking vessel is placed on the top.

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Induction Cooktops: Regional Outlook

In terms of geography, Europe holds a major market share in the global induction cooktops market. However, Asia Pacific region is becoming a fast growing region in the global induction cooktops market owing to rising disposable incomes and rapid urbanization that lead to increase in sales of induction cooktops majorly in India and China.

Induction Cooktops: Market Participants

Examples of some of the market participants identified across the value chain of global induction cooktops market include:

Avantco Equipment
Alluserv
APW Wyott
Eurodib
Bajaj Electricals
Inalsa
Philips India
Stovekraft
TTK Prestige Ltd.
Panasonic
LG Electronics
Haier Group
Hatco
Vollrath
Waring
Bon Chef
Globe
Cal-Mil

Induction cooktops manufacturers are focusing on improved quality products development with additional new features in order to increase their market share in the global induction cooktops market. Introduction of induction cooktops with multiple hot surfaces and advanced auto cook features are gaining traction in the 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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Regional analysis includes:

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. 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.

Induction Cooktops: Market Dynamics

Rapid urbanization and rising awareness among consumers to opt for energy efficient kitchen appliances with advanced safety features are the major driving factors for the induction cooktops market. In addition to that, induction cooktops are relatively safe than LPG cylinders because of the absence of open flames. Owing to the rising prices of conventional cooking fuel, people are choosing induction cooktops as an alternative option. Moreover, induction cooktops have become a part of lifestyle standards for healthy and safe cooking.

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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
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Custom Boxes Market is Projected to Reach at a US$ 74.36 Billion by the End of 2033, Rising at a CAGR of 4.4% | FMI

The global custom boxes market is estimated to capture a valuation of US$ 48.34 billion in 2023 and reach US$ 74.36 billion by 2033. The global market is anticipated to register a CAGR of 4.4% during the forecast period.

Sectors Driving the Custom Boxes Market

Various sectors significantly drive the global market. These are as follows:

E-commerce:The rapidly growing e-commerce sector is a key driver in the global market. The increase in online orders, sales, and purchases is expanding the global market revenue. The e-commerce sector plays a crucial role in brand identification, enhancing consumers’ experiences by positive unboxing and protecting their products during safe delivery.

Food and Beverages: The growing food and beverages sector is widely increasing the adoption of custom boxes for efficient packaging. The food and beverage manufacturers pack customized food items such as snacks, cold drinks, and chocolates to maintain their freshness and quality.

Cosmetics and Personal Care: The cosmetic and personal care industry has increased the adoption of custom boxes for storing skincare products, fragrances, makeup items, and other cosmetic products. Consumers are rapidly growing the demand for these boxes for premium packaging, fueling the market growth.

Electronics and Technology:The rising demand for custom packaging solutions to protect electronic devices and machines during transportation is growing in the global market. These custom boxes provide excellent packaging solutions without affecting products from outside dust and water, attracting end users’ demand.

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Pharmaceuticals and Healthcare: The pharmaceutical and healthcare industry is rapidly increasing the demand for custom boxes to manage large amounts of medicines, healthcare devices, and other products. These boxes are customized and help to enhance product safety, driving the global market.

Retail and Apparel: The growing retail and apparel industry increasingly adopts custom boxes for accessories, shoes, clothing, and other items. These customized packaging also help promote their brands with unique printing designs on boxes, driving the market growth.

Gift and Special Occasions:Custom boxes’ popularity is rapidly growing in gifts and special occasions such as anniversaries, birthdays, and weddings for gift wrapping. These boxes add value and enhance consumers’ experiences and emotions.
Luxury and High-end Products:Luxury goods use custom boxes for high-end safety solutions. These luxury products include jewelry, branded watches, and designer fashion.

Key Players Achieving Their Goals in the Global Market

The global market is highly competitive by the present essential players. Key players continuously fuel the global market through innovative skills, ideas, and strategies. These players are trying to offer better, improved, and advanced technology products to meet end users’ requirements.

These players are adopting various marketing strategies such as mergers, collaborations, product launches, and agreements to uplift the global market.

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Recent Developments in the Global Market are:

In 2020, International Paper announced the acquisition of DS Smith. This strategic acquisition strengthened the International paper company’s portfolio in custom packaging.

Custom Boxes Market by Segmentation

By Box Style:

Briefcase style Box
Five Panel Hanger Box
Seal End Box
Hexagon Box
Others

By Packaging:

Retail Box Packaging
Cosmetic Box Packaging
Food and Beverage Box Packaging
Others

By End-use Industry:

Food & Beverage
Healthcare
Cosmetic
Personal & Homecare
Others

By Sales Category:

B2B sales
B2C sales
Independent Vendors

By Region:

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

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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The collagen casings market is surging, driven by rising demand for efficient sausage production in the US and Europe

The global collagen casings market is estimated to be worth around US$ 1,506 million in the present year. As per the market trends, the net Between 2023 and 2033, valuation may expand at a 5.9% yearly rate. Moreover, FMI projects that the market would grow to US$ 2,672.6 million by the end of the projected year.

Collagen meat casing is used in the production, preservation, and sale of all types of sausages. Animal intestine was the sole material used for casings that had previously been offered for sale. Due to cost savings and industrial automation, the use of synthetic collagen casings has increased dramatically during the past 30 years. They contain dependable technological features and follow the most recent food safety and traceability laws.

Booming Collagen Casings Market: Global Value Expected to Increase to $2.67 Billion by 2033, Driven by Growing Demand in Europe, the United States, and Around the World:
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Over the past ten years, there has been a considerable growth in demand for the various types of collagen casings used in the production of sausages. Since they can be utilised on high-speed machines, are easier to use, and are uniformly sized, synthetic collagen casings are replacing natural collagen casings in this industry.

The evolution of collagen casings from natural casings in recent years is astounding. Because they speed up and improve productivity on sausage production lines, consumers all over the world appreciate the new style of smoked collagen casings.

Key Takeaways from the Collagen Casings Market Study Report

Due to the higher consumption of sausages in the United States, the sales of collagen casings are most lucrative in this country. The United States collagen casings market is projected to register a CAGR of 5.1% through 2033 and reach a valuation of US$ 548.53 million.
European countries are the traditional main hub for the demand for all types of sausage casings and Germany is the leading manufacturer and supplier. Further, the demand for collagen casings in the German market is projected to follow an annual growth rate of 5.8% through 2033.
On the other hand, the demand for collagen casings in many countries is somewhat saturated as per the market survey report. For instance, the year-on-year growth rate through 2033 of markets in the United Kingdom and Spain could be 1.9% and 4.6% respectively.

Competitive Landscape for the Collagen Casings Market Players

Viscofan, S.A., Devro PLC, Nippi, Inc., Shenguan Holdings (Group) Limited, Fibran, S.A., Fabryka Oslonek Bialkowych FABIOS S.A., LEM Products Inc., DeWied International (Oversea Casing Company, LLC), Nitta Casings, Inc., Weschenfelder Direct Limited, and Belkozin LLC among others are some key players in the global collagen casings market.

There have been plenty of advancements by the beef collagen casing market participants, as well, over the past few years. A few of the advancements are a result of technological developments and others as a result of upgraded manufacturing unit systems.

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Recent Developments by the Collagen Casings Industries

The LEM Products firm primarily sells collagen casings for smoked sausages, fresh sausages, and hot dogs. In the United States and Canada, the corporation sells around 800 different items through its recently expanded 3,500 retail locations.

Oversea Casing Corporation manufactures and sells natural and artificial casings for fresh and processed sausage, frankfurters and wieners, and deli products. To expand its market reach, the firm obtained partners in Europe, Australia, the United States, South America, and China last decade.

Global Collagen Casings Market: Segmentation

By Product Type:

Edible Collagen Casings
Non-edible Collagen Casings

By Caliber:

Small Caliber Collagen Casings
Large Caliber Collagen Casings

By Application:

Fresh Sausages
Cooked Sausages
Dry-Cured Sausages
Meat-based Snacks
Others Applications (Pork Loin, etc.)

By End Use:

Industrial Food Processing
Foodservice
Private Label
Butcheries and Meat Processors
Other End-users

By Sales Channel:

Business to Business Sales Channel
- Food Processing
- Foodservice
- Private Label Brands
- Butcheries and Meat Processors
- Other B2B channels
Business to Customer Sales Channel
- Grocery Retailers
- Hypermarket or Supermarkets
- Convenience Stores
- Wholesalers
- Food & Drink Specialty Stores
- Independent Small Groceries
- Online Retail
- Other Retail Channels

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About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Antiepileptic Drugs Market Expected to Reach US$ 26.2 Billion by 2032

The global antiepileptic drugs market ,used to treat epilepsy, is estimated to reach US$ 26.2 billion by 2032. This signifies a projected growth at a Compound Annual Growth Rate (CAGR) of close to 4.3% from its estimated valuation of US$ 17.3 billion in 2022.

Epilepsy is a serious neurological disorder characterized by recurrent seizures that are not caused by temporary factors like high fever or head injury. Left untreated, epilepsy can lead to progressive cognitive decline, neurological damage, and other brain impairments. AEDs play a vital role in managing epilepsy by reducing the frequency and intensity of seizures, thereby improving the quality of life for patients.

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Rising Prevalence of Epilepsy Fuels Market Growth

The significant growth in the antiepileptic drugs market is driven by the increasing prevalence of epilepsy. Second only to headaches in terms of prevalence among neurological disorders, epilepsy represents a major public health concern. It creates a substantial financial burden on healthcare systems and significantly impacts individuals and society as a whole. The chronic nature of epilepsy, with patients often requiring lifelong treatment, further contributes to market expansion.

Growing Awareness and Improved Treatment Options Drive Market Forward

Heightened public awareness about epilepsy and the availability of improved treatment options are additional factors propelling market growth. Increased access to diagnosis and effective AEDs allows for better management of the condition.

This press release highlights the projected expansion of the antiepileptic drugs market. With the rising prevalence of epilepsy and advancements in treatment options, the market is poised for steady growth in the coming years.

Global Antiepileptic Drugs Market Key Takeaways from Market Study

Second generation of antiepileptic drugs are the leading segment as drug generation, and hold approximately 4% market share in 2021. In comparison to first-generation medications, second generation AEDs have a lower risk of teratogenesis and a more favorable side-effect profile.
Oral route of administration segment is set to lead in terms of route of administration of antiepileptic drugs with a market share of around 2% in 2021, owing to its ease of administration in pediatric and geriatric patients.
By distribution channel, retail pharmacies are leading in the global antiepileptic drugs market, and are expected to continue to do so with a projected CAGR of 6% during the forecasted years.
North America is considered as the leading region with a value share of 6% in 2021, owing to the high prevalence of neurological diseases in the region.

“Rising prevalence of neurological and mood disorders has called for innovations within the antiepileptic drugs market sphere,” says an analyst of Future Market Insights.

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Global Antiepileptic Drugs Market Competition

Key market leaders are concentrating on receiving regulatory agency approvals, which is anticipated to propel the expansion of the worldwide antiepileptic drugs market. Key players are coming up with new drug profiles to widen their portfolio presence.

For instance:

Pfizer, Inc. reported in July 2019 that the US Food and Drug Administration has approved the first Lyrica (pregabalin) generics for use as an adjunctive therapy for the management of partial onset seizures in patients aged 17 and older.
In August 2021, Eisai Co., Ltd. announced that the National Medical Products Administration in China had granted its internally discovered and developed anti-epileptic drug (AED) Fycompa® two additional approvals as “a monotherapy for partial-onset seizures” and “an adjunctive treatment / a monotherapy for pediatric indication for partial onset seizures in patients with epilepsy 4 years of age and older.”

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the antiepileptic drugs market in its latest study, presenting a historical demand assessment of 2012 – 2021 and projections for 2022 – 2032. The global antiepileptic drugs market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The research study is based on the drug generation – (first generation, second generation, and third generation), by route of administration (oral, and intravenous), by distribution channel (hospital pharmacies, retail pharmacies, online pharmacies, and drug stores), across seven key regions of the world.

Global Antiepileptic Drugs Market Key Companies Profiled:

Merck KGaA
Eisai Co., Ltd.
AstraZeneca
Novartis AG
Abbott
Teva Pharmaceutical Industries Ltd.
Pfizer Inc.
GlaxoSmithKline plc
Sanofi
Johnson & Johnson Service, Inc.
Dr. Reddy’s Laboratories Ltd.

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Key Market Segments Covered in Global Antiepileptic Drugs Market Research:

By Drug Generation:

First Generation
Second Generation
Third Generation

By Route of Administration:

Oral
Intravenous

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Drug Stores

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Growing Interest in Wellness Fuels Ginseng Market: Invest in Natural Supplements (4.3% CAGR) natural health and wellness products

The ginseng market is anticipated to increase and reach a value of US$ 749.80 million in 2023, according to Future Market Insights (FMI) the market value of ginseng could increase by 4.3% between 2023 and 2033, reaching US$ 1.1 billion by that year. Ginseng may make up 1% to 2% of the market for dietary supplements made from plants.

The growing consumer adoption of Asian and oriental flavors is expected to fuel market expansion throughout the forecast period. Chinese herbal medicine is likewise quite well-liked. Ginseng roots include salicylic acid, maltol, p-coumaric, and vanillic acids in addition to other bioactive compounds. The fact that ginseng powder forms have a longer shelf life than other ginseng preparations because of their low water content is another factor propelling market growth.

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The growth of the food industry has been impacted by the growing concern for consumer health. Consumers are willing to pay a premium for non-GMO products and want wholesome meals.

The increasing number of food companies looking to enhance the nutritious content of their goods is expected to drive up demand for ginseng. So it’s safe to say that the trend’s origins lie in the expanding health and wellness movement. Since ginseng plays a major role in these supplements, there will likely be a sustained demand for these organic and non-GMO products.

Key Takeaways from Market Study:

The ginseng market is expected to record a CAGR of 4.3% over the forecast period.
It is estimated that the ginseng market in Asia Pacific may remain strong during the forecast period.
Cultivated ginseng is estimated to account for a market share of more than 7%in 2023 and is anticipated to expand by 5.5% CAGR.
Pharmaceutical products are estimated to dominate the end-user segment with a market share of 2%in 2023.
The powder form of ginseng market holds a market value of US$ 382.78 million in 2023 and is projected to expand by 4.6% CAGR.

Competitive Landscape:

To meet the growing demand of consumers, the top companies in the global market are offering products with various claims, such as Kosher, Non-GMO, GMP, Vegan, and more. In addition, ginseng-containing products are being launched on the global market at an increased rate. Companies are maintaining a competitive position in the market by pursuing inorganic growth strategies, such as partnerships, geographical expansion, and mergers & acquisitions.

Several prominent companies dominate this market, including Korean Ginseng Export Corporation, Organika Health Products Inc, Ilhwa Co. Ltd, Korean Ginseng Corp., RFI Ingredients, Inc, Koshiro Co Ltd, Daedong Korea Ginseng Co., Ltd., Ningbo Gianon Biotech Co., Ltd., Sino-Nature International Co., Ltd., Shanghai FanPharma Co., Ltd., Nature’s Way, and others.

Recent Developments:

With the launch of Revital NXT, a nutrition bar powered by natural ginseng, Sun Pharma expanded its nutrition bar segment in 2021.
In April 2019, CheongKwangJang (KGC), a famous Korean company, launched a new red ginseng brand. Keeping up with the growing interest among consumers in enhancing immunity levels and superfoods, it features Korean Red Ginseng Extract ‘Every time’ in a portable stick pouch. Moreover, the company announced the launch of every time Blossom, a cherry blossom-themed edition in two tins with 100 stick pouches.
A proprietary red ginseng product under the Ewha Company’s food brand Nature Foods was launched in February 2019. The company also plans to expand into China with the red ginseng product.

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Ginseng Market Segmentation by Category

By Source:

Wild
Cultivated

By Form:

Raw
Powder
Extract

By Variety:

Oriental Ginseng
American Ginseng
Siberian Ginseng
Others

By End-use:

Personal Care Products
Dietary Supplements
Food and Beverage Processing
Pharmaceutical Products

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.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Moving Supplies Market is Projected to Reach at a US$ 1,048.80 Billion by 2033 | FMI

The moving supplies market is forecasted to experience an expansion at a 4.4% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 680.27 billion in 2023. By 2033, the moving supplies industry is expected to capture US$ 1,048.80 billion by 2033.

Moving supplies are referred to the materials, whether single-use or reusable, that are employed in the packaging operation. Their sole purpose is to pack tangible personal or commercial property. These supplies consist of wardrobe boxes, markers, packing tape, storage solutions, labels, etc.

Merchants are introducing novel packaging supply solutions to streamline the process of long-distance relocation. This is in line with the company’s dedicated efforts to meet customers’ evolving expectations.

Moving supplies that enhance the customers’ experiences by making them as smooth and straightforward as possible are gaining widespread adoption in the market. Manufacturers that are switching their approach from ‘one-size-fits-all’ and focusing more on satisfying the personal requirements of end users are going to stay long in the field. Also, companies recognize that every customer has a distinct product combination with varying logistics requirements.

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Companies in the moving supplies are harnessing this information to lower overall packaging costs, meet final customer specifications, and decrease waste. Ultimately, the target customers can opt for packaging solutions that hold high value for them. This can be anything ranging from kraft and functional barrier paper to corrugated boxes to paper solutions.

Producers are simultaneously focusing on helping their customers achieve their sustainability goals. Additionally, they are providing an enticing eCommerce portfolio that includes fit-for-purpose packaging solutions.

Top Highlights from the FMI’s Analysis of the Moving Supplies Market

The United States market for moving supplies is considerably penetrated by the manufacturers.
The United Kingdom offers significant growth potential for relevant businesses in the Europe region.
India is projected to be an investment option for leading players from 2023 to 2033.
Japan’s market is witnessing advancements in the packaging industry. With the surging number of people seeking practical packing materials for relocation, the industry is projected to attract several players in the market.
Manufacturers in South Korea’s market are trying to capture many customers through sales tactics like offering discounts on moving boxes on online platforms.

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Latest Advancements or Developments in the Moving Supplies Industry

In October 2021, DS Smith’s unit in the United Kingdom manufactured the first-ever box developed by utilizing circular design metrics. The packaging firm is distributing the box to a COP26 initiative that underscores the significant contribution of food waste to climate change.
In January 2020, DS Smith unveiled the Box Manufacturing Plant in Lebanon, Indiana, to develop ecologically sound boxes. This installation has created 170 jobs to cater to the expanding demand for eco-friendly solutions. It is going to lower the shipping costs throughout the United States.
In July 2022, International Paper introduced the Bow Tie Shipper, which is a distinct packaging innovation. This patented design saves time and aims to substitute compact, glued corrugated shipping boxes. It finds deployment in eCommerce and pick-and-pack distribution segments.

Key Segmentation

By Product Type:

Packing Supplies
Moving Supplies

By End-use:

Residential
Commercial

By Price Range:

Mass
Premium

By Sales Channel:

Hypermarkets/Supermarkets
Specialty Stores
Independent Departmental Stores
Convenience Stores
Online Retailers
Other Sales Channel

By Region:

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

About Future Market Insights Inc. (FMI)

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

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Nandini Singh Sawlani

Hangers Market Sales Projection: Anticipated Growth at a Remarkable 8.0% CAGR by 2032

The worldwide hangers market, valued at US$ 483.4 million in 2022, is a vital part of our daily lives. These simple yet essential tools have become ubiquitous, finding their place in nearly every household and sector of society. As we move forward, the demand for hangers is expected to soar, with a projected Compound Annual Growth Rate (CAGR) of 8.0% between 2022 and 2032. By the end of this period, the market is anticipated to reach a staggering US$ 1,043.6 million, reflecting the increasing importance and utility of hangers across the globe.

It is an important domestic commodity which have been penetrated almost all members of society thus creating the strong and growing international market for hangers.

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Hangers are basically designed like human shoulders and created to hold clothes that do not let creases appear on them; they also make it convenient for people. In the market, we can find a lot of different hangers for example wide regular clothes ones and clipping types with one or more clamps; stacking and foldable.

Drivers Underpin Hangers Industry Expansion

The retail and hospitality sectors have experienced significant growth, driving the expansion of the hangers market, while residential demand has seen only marginal increases.
Commercial growth has spurred sales of high-end hangers, focusing more on style and design, particularly noticeable in the retail sector.
A noticeable shift in consumer preference towards wooden hangers has been observed, with a corresponding decline in demand for plastic hangers, likely due to increased environmental awareness.
Despite the decline in plastic hangers, metal or wire hangers continue to be a significant segment in the market due to their durability.
A recent innovation in the hangers market is the emergence of intelligence hangers, electric products offering features like rain-proofing and clothes drying assistance, primarily popular in East Asia but with limited traction elsewhere.

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A recent trend observed in the hangers market has been a preference for wooden hangers and a corresponding downslide in the demand for plastic hangers. This can be attributed to increased awareness to the environmental hazards of non-degradable plastic. Metal or wire hangers however remain a key segment due to their longevity.

Intelligence hangers have been a recent market innovation that have taken the hangers market by storm. Intelligence hangers are electric products that afford benefits such as rain-proofing and clothes drying assistance. However, the market for intelligence hangers has gained limited traction and is mainly centred around East Asia.

A boost in online sales has also characterised the hangers market’s dynamics as younger and tech-savvy consumers have shown a preference for the platform. This has caused a corresponding decline in sales through traditional wholesalers and retailers.

Competition Landscape

The hangers market is heavily fragmented due to various small players operating locally. This has posed limitations to the expansion plans of major players. Competitive pricing is another major determinant in this landscape. Some major players in the market include

M & B Hangers
Guilin Iango Home Collection
Whitmor
MAWA and Mainetti.

Region-Wise Analysis

The Asia-Pacific has been the largest regional segment in the hangers market in recent years, besides also being the fastest growing segment. The North America and European markets have been the other large segments. Other markets such as those in Africa, Latin America and the Middle East have also enjoyed a substantial market share.

Report Highlights

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
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.

Regions and Countries Analyzed in the Report

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)

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Key Segments Covered In The Hangers Industry Analysis

Hangers Market by Type:

Metal Hangers
Wooden Hangers
Plastic Hangers
Other Hanger Types

Hangers Market by Application:

Hangers for Personal Use
Hangers for Commercial Use

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

Growing Demand for Precast Concrete: Infrastructure, Green Building, and Emerging Markets Fuel Market Expansion

The precast concrete market size is projected to have a moderate-paced CAGR of 5.7% during the forecast period. The current anticipated valuation of the precast concrete market is US$ 134 billion in 2023. The value of the precast concrete market is forecasted to reach a high of US$ 234 billion, by the year 2033.

Market participants boosting their capacity and bolstering their distribution network to expand their client base, are significant factors driving the demand for precast concrete. Other factors influencing the market are the rapid industrialization and urbanization of emerging nations, the growing emphasis on creating high-quality infrastructure globally, and the emphasis on green construction initiatives.

The market has expanded as a result of the construction industry’s transition to using cost-effective, environmentally friendly, and contemporary building methods. Therefore, the market is projected to be further boosted by the desire of emerging nations to modernize their current infrastructure.

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In a variety of weather situations, precast concrete materials enable effective and affordable construction. These goods are meticulously produced off-site, which raises the level of quality in general. These products have the potential to have a very high span-to-depth ratio, which improves the structure’s ability to carry load and lessens the need for extra columns. As a result, these items are frequently employed in large-scale projects like concert halls and arenas to ensure that no pillars obstruct the audience’s view or experience. Leading business players use technical advancements to create new goods and increase their market share.

Over the course of the projection period, it is also anticipated that an increase in consumer demand and a shift in consumer preference toward high-quality items would provide numerous growth opportunities for new entrants in the market.

With 20% of all global building investments, China is the leading construction market in the world. By 2030, it is anticipated that China would spend almost US$ 13 trillion on buildings, which is expected to increase demand for precast concrete in China.

In recent years, the market has been pushed by the need for low-cost residential structures, improved efficiency obtained through precast technologies, and accelerated construction speed using precast technology. Additionally, converting and renovating older structures boosts investment in the construction sector, increasing demand for prefabricated components and favorably influencing the expansion of the precast construction market. Precast concrete is therefore frequently employed to construct similarly designed, cost-effective constructions. It also offers the benefit of planning for upcoming construction projects because the components are simple to rearrange. Building experts are enthusiastically embracing modern construction approaches that offer enhanced performance with a minimal capital expenditure. 3D printing and Building Information Modeling (BIM) are recent technological developments that might present opportunities for the sector under study.

Significant amounts of hazardous gases including nitrogen oxide, sulphur dioxide, and carbon monoxide are produced at cement producing facilities. These gases have been related to a several health issues, including cardiovascular diseases, visual impairment, and asthma. Furthermore, it is anticipated that government rules enacted to limit emissions from cement manufacturing facilities would restrain market growth.

Key Takeaways:

Throughout the projection period, it is expected that the United States is likely to hold a sizeable portion of the global precast concrete market. Key stakeholders work to create very durable precast concrete products in an effort to strengthen the infrastructure of country.
The precast concrete market in China is expected to accelerate significantly throughout the estimated time frame. Key participants, who are concrete plant experts, also provide contemporary plant technology with a focus on China trends.
The structural building components product type is anticipated to lead during the projected period owing to its strong demand from the construction sector.
The infrastructure segment in end use, accounts for a sizeable share, is the most inventive market category for important corporations as there has been an increase in the usage of energy-efficient products and materials.

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Competitive Landscape:

Due to the existence of both foreign and domestic competition, the global precast concrete market is fragmented. In their respective niche markets, several firms hold sizable market shares. Large companies usually place significance on organic developments like product approvals and the acceptance of cutting-edge, environmentally friendly solutions. These factors are expected to prompt the global precast concrete market size rapidly.

Top Key in the Precast Concrete Market

Boral Limited
Lafarge
Gulf Precast Concrete Co. LLC
Olson Precast Company
CEMEX S.A.B. de C.V.
Forterra
Tindall Corporation
Spancrete
ELO Beton
GÜlermak A.S.
STECS
LAING O’Rourke
Larsen & Toubro Ltd.

About Future Market Insights (FMI)

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Nandini Singh Sawlani

Wine Packaging Market is Expected to Reach at a US$ 8.4 billion by 2034 | FMI

The global wine packaging market is anticipated to expand at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2034. According to projections, the market value will rise from US$ 6.1 billion in 2024 to US$ 8.4 billion by 2034. At the end of 2021, wine packaging sales worldwide were estimated to be worth US$ 3.3 billion, a 2x increase over the previous ten years.

In recent years, modern businesses have witnessed the needs of exporting goods produced in their country, along with importing goods that are high in demand to their country. Preference for most trending products is rising among end users, improving the demand for international products that are most consumed in the global market. In the domestic and international markets there is high demand for wine and other alcoholic beverages.

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For instance, in 2021 Italy, Spain, and France were the top three wine producers in the world, the demand for wine produced in Italy is highest across the globe. The demand for wine packaging for transportation is rising due to the increase in international trade of wine.

Key Takeaways from Wine Packaging Market

Based on material, the glass segment is projected to hold 34% of the market share by the end of 2032, owing to its various properties such as it 100% recyclable, keeping the flavour and aroma intact.
The bag-in-box and cans segments together are expected to create a cumulative incremental opportunity of US$ 780 Mn over the next decade.
By sales channel, the online retail segment is estimated to be at a CAGR of 5.6% during 2022-2032 due to the expansion of e-commerce industry
Europe is estimated to dominate the wine packaging market over the forecast period.
With increasing production of wine in the U.S., North America is expected to hold 1/3rd value share of the global wine packaging market.

“Global wine packaging market is continuously evolving with the incorporation of innovative packaging. Manufacturers are coming up with the latest innovative product designs for various wine packaging product types such as bottles, bag-in-box, cans, boxes, and others. Wine packaging manufacturers are focusing on producing sustainable packaging solutions to capitalize on growing preference for environment-friendly packaging.” –says FMI analyst.

Innovation and Customization in Wine Packaging to Push the Sales in the Market

In wine packaging, innovation is critical as manufacturers must combine attractive packaging with protective materials, appealing to customers while keeping the wine containers safe through the shipping and handling process. The wine packaging industry flourishes by catering those latest demands and producing a suitable packaging solution.

Key packaging producers are coming up with attractive wine packaging aesthetics, mainly used for gifting purposes, and packing premium quality of wines. While some wine packaging manufacturers are focusing on innovation in wine packaging. Customization makes the product stand out, reinforces the brand image, and gives additional information to the consumer.

Hence, key players are customizing glass bottles to help the brands stand out and gain competitive edge. Customization and innovation helps in retaining customer loyalty, hence boosting the wine packaging market.

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Wine Packaging Market Landscape

Owens-Illinois Group, Ardagh Group, Scholle Corporation, Liqui-Box Corp, All American Containers, TricorBraun Inc., Smurfit Kappa Group, Mondi Plc, Frugalpac Limited, among others are the prominent players in the global wine packaging market. The Tier 1 players in the market hold 20-25% in the global wine packaging market.

Wine Packaging Market by Category

By Material:

Glass
Wood
Paper and Paperboard
Metal
Plastic

By Product Type:

Bottles
Bag-in-Box
Barrels & kegs
Cans
Others (Cartons, etc.)

By Sales Channel:

Online Retail
Offline Retail

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