Market Research Blog – Page 3416 – New Product Development

Transform Your Products with Foamer Pump Market is Projected to Surpass US$ 239.9 Million by 2033 | FMI

As per a new report by Future Market Insights, the global foamer pump market is projected to surpass US$ 239.9 million in 2033 and showcase considerable growth at a CAGR of 4.4% in the forecast period (2023 to 2033). The market is anticipated to be valued at US$ 155.6 million in 2023.

Personal care industry across the globe has significantly established in the past decades. This growth is mainly attributed to increasing consciousness regarding one’s external appearance. High importance of taking care of skin and hair among the millennial population is another factor positively influencing expansion of the personal care industry. The personal care industry is also set to be propelled on the back of several social media influencers promoting the importance of following skincare and hair care routines.

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Social media influencers generally have numerous followers. These influencers tend to collaborate with existing and new brands in the personal care industry to promote their products. These collaborations are expected to result in escalating demand for personal care products in the global market.

Foaming Dispenser Pump are still in the evolving stage with a consistent surge in terms of their applications and end uses. Numerous manufacturers are launching innovative foam-based products for body wash, face wash, and shampoo or conditioners to attract a large consumer base. As the personal care industry is expanding, demand for foamer pumps is anticipated to rise in the next ten years.

Key Takeaways from the Foamer Pump Market Report

China foamer pump market is expected to generate a share of 7% by 2033.
Japan foamer pump market is anticipated to hold a share of 9% in 2033.
The USA foamer pump market is likely to capture around 88% of the North America market share by 2023.
Based on material, the plastic segment is anticipated to expand 6x the current market value from 2023 to 2033.
In terms of application, the hand sanitizers segment is projected to hold about 26% of the global foamer pump market share during the assessment period.

“High demand for foam-based products in personal care, cosmetics, and homecare industries is set to accelerate the demand for foamer pumps. Availability of advanced foamer pumps and surging trend for environmentally responsible packaging solutions are a few other factors boosting sales in the market,” says a lead analyst at Future Market Insights.

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Surging Demand for Hand Sanitizers to Bolster Foamer Pumps Sales

The pandemic has drastically raised awareness regarding the importance of using hand sanitizers frequently. In the past five years, demand for hand sanitizers reached an all-time high as they help not only in reducing the chances of getting infected by viruses, but also in removing most of the harmful germs that might cause viral or bacterial diseases.

Till date, public places in several parts of the world have made it mandatory to either sanitize one’s hands before entering or even carrying a personal sanitizer. Few alcohol-based sanitizers available in the market are not very good for the skin, especially for children if used frequently.

This has been a cause of concern for several consumers. To solve this problem, numerous key players in the industry have started offering alcohol-free foam-based sanitizers. Key brands in the field of hand sanitizers such as PURELL, Palm Safe, and Hygiene Labs among others offer foam-based hand sanitizers. Surging popularity of foam-based sanitizers is expected to boost demand for foamer pumps in the global market.

Burgeoning Demand for Foam-based Personal Care Products for New Born Babies to Boost Sales

The baby care product market has become an attractive industry for the application of foamer pumps. Foamer pump application in baby care products such as body wash, soaps, and shampoo is expected to create new growth opportunities for the foamer pump market.

Considering the rising rate of births, foamer pump sales are expected to increase in the next ten years. Preference for foaming bathing products for babies due to easy convenience in handling would help the foamer pump market to grow.

Foaming pumps help during the application of products on babies efficiently and they can control the amount of product applied on skin. Attractive packaging of foaming bathing products for babies due to the application of foamer pumps is set to propel the market value.

Competition Landscape: Foamer Pump Market

Key players operating in the foamer pump market are AptarGroup, Inc., Silgan Holdings Inc., Rieke Corporation (Trimas Packaging), Frapak Packaging B.V., and Richmond Containers CTP Ltd. Few of the other noticeable players in the market include Weltrade Pty Ltd., APackaging Group, SGC Closures, Matsa Group Ltd., ScopeNEXT Ltd., Quadpack, Apollo Industries Co., and others.

Foamer Pump Market Outlook Segmentations-

By Pump Type:

Squeeze Foamer Pumps
Dual Chamber Foamer Pumps
Table Top Foamer Pumps
Handheld Foamer Pumps

By Material:

Plastic
Polyethylene (PE)
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Polypropylene (PP)
Metal

By Application:

Hand Sanitizer
Face & Body Wash
Sunscreen
Shampoos & Conditioners
Other Applications (Paint, Polish, Coating)

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:

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Food & Beverage Sector Drives Demand for Antimicrobial Additives: Focus on Innovation for Competitive Advantage

As per Future Market Insights (FMI), the global antimicrobial additives market value is projected to increase from US$ 9,615.5 million in 2023 to US$ 20,809.5 million by 2033. Over the next ten years, global sales of antimicrobial additives are likely to thrive at 8.0% CAGR.

Increasing consumption of antimicrobial additives in food and beverage sector is a key factor driving the global market. Subsequently, rising adoption of antimicrobial-protected products for reducing the risk of infections and improving safety will boost the market.

Antimicrobial additives have become essential solutions for inhibiting growth of microbes. They extend the shelf life of products and reduce the risk of disease spread. As a result, they are being increasingly used in consumer products such as clothing, packed food items, etc.

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Growing usage across sectors such as healthcare, food & beverages, automotive, electronics, etc. is expected to fuel antimicrobial demand during the assessment period.

Antimicrobial additives find application in the healthcare sector to create a sterile environment in hospitals. They are used in numerous medical products including ventilators, examination tables, and hospital beds to reduce the spread of infections.

Rising demand for medical devices containing antimicrobial substances will bolster sales in the global market through 2033.

Regionally, North America remains the leading consumer of antimicrobial additives owing to the high demand for safe consumer items and rising awareness & consumer preference for antimicrobial products.

Prominent manufacturers of antimicrobial additives are focusing on expanding their customer based and footprints by acquired local players and launching new innovative products. They are investing rigorously in research and development to meet the regulatory standards and find newer applications for the same.

Key Takeaways from the Antimicrobial Additives Market Report:

• The global market of antimicrobial additives is projected to expand at 8.0% CAGR between 2023 and 2033.
• By product type, the inorganic segment is expected to remain a prominent segment accounting for over 60% of the overall market.
• By application, hygiene chemicals segment is expected to account for around one-fourth of the global antimicrobial additives consumption.
• The United States antimicrobial additives market is poised to thrive at 8.4% CAGR through 2033.
• Antimicrobial additive demand in China is forecast to increase at 8.6% CAGR from 2023 to 2033.

“The market for antimicrobial additives has the potential for significant growth because there is an increasing demand for products that are capable of self-cleaning and can prevent the spread of harmful microorganisms. This in turn will create a plethora of opportunities for antimicrobial additive manufacturers.” – says a lead analyst at FMI

Competitive Landscape

The global antimicrobial additives market is moderately consolidated with key players holding around 33% to 38% of the market share.

Key players are certainly focusing on expanding their production capacity to increase their market presence all over the globe and to gain maximum traction in the market. They are also investing significantly in acquisitions to curb their competition. For instance,

In 2022, to strengthen its antimicrobial additives portfolio, Polygiene acquired the SteriTouch business of Radical Materials.

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Antimicrobial Additives Market: Key Players

BASF SE
Solvay S.A.
Ecolab Inc.
Lanxess AG
Clariant AG
Evonik Industries AG
Huntsmann Corporation
DuPont de Nemours, Inc.
Ashland Inc.
Aviant Corporation
Sanitized AG
Croda International Plc.
Addmaster Limited

More Insights into the Antimicrobial Additives Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global antimicrobial additives 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 product type, application, and region.

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

Billing Paper Market is Expected to Increase at a Steady 5.9% CAGR by 2033 | FMI

The billing paper market is expected to experience strong demand, with a total valuation of US$ 897.1 million in 2023 rising to US$ 1,536.5 million by 2033. FMI also forecasts billing paper sales to increase at a steady 5.9% CAGR between 2023 and 2033.

Increasing adoption of digitalized billing systems, especially across developing economies such as India, China, Indonesia, and others is propelling the demand for billing paper.

Increasing need to keep the business data organized and save operational costs by providing printed bills to customers is driving the market.

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Rising awareness regarding the hazardous effect of carbon paper on human health and the environment is encouraging businesses to adopt sustainable and carbon-less billing paper for invoices and receipts.

Some of the leading billing papers manufacturers are launching environment-friendly products to capitalize on the increasing demand for green papers. For instance, Pixelle Specialty Solutions recently launched carbonless billing papers, which are made using novel NatureSolv™ technology to address surging demand for sustainable billing papers. A slew of such developments and product launches are estimated to create lucrative growth opportunities in the market.

In terms of paper-type, the 2 parts no carbon required (NCR) paper segment is projected to hold the largest revenue share, accounting for nearly 35% of the sales through 2031. Easy transfer of handwritten data from the top sheet to the underneath one is expected to improve the growth in the segment.

“Key players are focusing on providing customized carbonless billing papers to assist companies to promote their businesses. Some are offering self-designed billing papers to businesses, showcasing specific information that will help companies improve their brand identify,” says a FMI analyst.

Key Drivers

Growing trend of shopping from supermarkets and increasing popularity of e-commerce in China, India, the U.S., and Germany are expected to drive the demand for billing paper.
Rising demand for two-part billing papers for keeping the track of sale transactions to maintain reliable records and eliminate conflicts & queries regarding the post-transaction is facilitating the sales of 2 parts NCR papers.

Key Restraints

Increasing number of initiatives undertaken to eliminate the use of paper and decline deforestation activities are hampering the growth in the market.
Rising trend of electronic invoicing and digital payments, owing to the growing smartphone and internet penetration across the world is hindering the sales of billing paper.

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Competitive Landscape

The top five companies in billing paper market include Koehler Paper Group, Pixelle Specialty Solutions, Mitsubishi HiTec Paper Europe GmbH, Asia Pulp & Paper (APP) Sinar Mas. and Jinyi Paper Co., Ltd.

Some of the key players operating in the market profiled by FMI are:

Koehler Paper Group
Pixelle Specialty Solutions
Mitsubishi HiTec Paper Europe GmbH
Krpa Holding CZ, A.S.
Nekoosa Coated Products, LLC
KDM Enterprises
Asia Pulp & Paper (APP) Sinar Mas.
Yulu Paper Industry Co.,Ltd
Jinyi Paper Co., Ltd.
VistaCoat
Double Tree Paper Industry Group Co.,LTD
Gold Huasheng Paper (Suzhou Industrial Park) CO., Ltd Inc.
Xiandai Paper Production
Surya Coats Private Limited
Shandong Sincere Paper Co., Ltd.

More Valuable Insights on Billing Paper Market

FMI, in its new report, provide an in-depth analysis of the global billing paper market, analyzing forecast statistics for the coming 10-years. The survey reveals growth projections on in billing paper market with detailed segmentation:

By Paper Type:

2 Parts NCR Paper
3 Parts NCR Paper
4 Parts NCR Paper
5 Parts NCR Paper

By Basis Weight:

Up to 40 GSM
40-100 GSM
Above 100 GSM

By Application:

Institutional
Educational
Business
Households

By Region:

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

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Global Electric Handpiece Market is anticipated to witness significant growth, with a target of US$ 803.8 Million by 2032

The global electric headpiece market is poised for a surge in demand, with sales expected to climb to a substantial US$803.8 million by 2032. This translates to a compelling Compound Annual Growth Rate (CAGR) of 6.0%, according to a recent study by Future Market Insights (FMI). This significant growth reflects the increasing adoption of these advanced dental tools by professionals worldwide.

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Shifting Gears: Electric Handpieces Offer Advantages

Electric handpieces are revolutionizing dentistry by providing an alternative to traditional air-driven tools. These handheld devices, utilized for various procedures like cutting, polishing, and shaping teeth, offer several advantages:

Enhanced Control and Precision: Electric motors deliver smoother operation and higher torque, allowing dentists greater control and accuracy during procedures.
Technological Advancements: Innovations in technology are leading to more efficient and reliable electric handpieces, further increasing their appeal.
Improved User Experience: Electric handpieces typically operate with less noise and offer better ergonomics, creating a more comfortable experience for both dentists and patients.

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Advent of Telehealth and Virtual Care to Create Tailwind for the Electric Handpiece Market Growth:

Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.

Since the outbreak, telehealth have gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Electric Handpiece market.

Key Global Electric Handpiece Market Takeaways and Projections:

The U.S. is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
Germany Electric Handpiece market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 and 2032.
China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
Based on Product, Motor Type, Technology, End-Users.anticipated to account for the lion’s share in the market, expanding at a remarkable CAGR during the forecast period.

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Report Benefits & Key Questions Answered:

Electric Handpiece Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Electric Handpiece It also studies the impact of these dynamics on the market for the previous assessment period 2016-2020 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
Electric Handpiece Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Electric Handpiece As per the survey, ELECTRIC HANDPIECE sales will project steady growth over the forecast period.
Electric Handpiece Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Electric Handpiece It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
Electric Handpiece Category & Segment Level Analysis: FMI’s category & segment level analysis provides insights into key factors affecting the market growth across various segments in terms of Product, Motor Type, Technology, End-Users. It also uncovers critical opportunities across each segment to assist key players to capitalize on the,
Electric Handpiece Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.

Global Electric Handpiece Market Competitive Landscape Analysis:

The latest study conducted by FMI provides in-depth insights into the global Electric Handpiece market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Electric Handpiece market.

Some of the prominent Global Electric Handpiece Market players are profiled:

Dentsply Sirona
KaVo Dental GmbH
NSK/NAKANISHI INC.
Bien-Air Dental SA
A-dec Inc.
W&H Dentalwerk Bürmoos GmbH
Brasseler USA
SciCan Ltd.
Ram Products, Inc
Morita Corporation
DENTALEZ, Inc.
Lares Research
DENTAMERICA INC.
MAI Animal Health (INOVAD-ENT)
Medidenta

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Electric Handpiece Demand Analysis by Category:

By Product:

Low-Speed Dental Handpiece
High-Speed Dental Handpiece

By Motor Type:

Electric Brush Motor
Electric Brushless Motor

By Technology:

Fiber Optic Led Handpiece
Push Button Dental Turbine Handpiece

By End-Users:

Hospitals
Dental Clinics
Dental Academic and Research Institutes
Ambulatory Surgical Centers

Region

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

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T: +1-845-579-5705
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Hospitality Staffing Market: Solidifying its Global Position with an Average CAGR of 6.9% by 2032

The hospitality staffing market is anticipated to consolidate its position in the global market, with an average compound annual growth rate (CAGR) of 6.9% expected between 2022 and 2032. Valued at US$ 971.3 billion in 2022, the market is forecasted to achieve US$ 1886.6 billion by 2032. Notably, in the preceding period of 2015 to 2021, the market exhibited a slightly higher CAGR of 6.5%, resulting in a market size of US$ 963.4 billion in 2021.

The burgeoning expansion of the hospitality workforce market is ascribed to the recuperating hotel sector, the emergence of new tourist destinations, substantial reductions on travel packages, and cutting-edge technological platforms that facilitate end users’ access to travel destinations, lodging, and modes of transportation.

The hospitality industries need professionals with expertise who can enhance the quality of their services and who occasionally participate in training programmes to deepen their awareness of the workplace culture.

The growing population, along with new travel locations opening, are pushing the hospitality sector and government to invest more capital into the hotels, parks, monuments, and accommodation facilities, using the latest advanced technology.

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The government and its initiative have put forward the agenda of making the travel and hospitality industry survive and then get it back on track. As soon as the restriction and lockdown had been lifted, the hospitality centers started hiring new employees.

The major restrictions that hold the hospitality staffing market backward are the use of third-party services along with the incompetency of the management that fails to hire the right set of staff that helps the business is growing exponentially.

The latest trend that changes the dynamics of the hospitality staffing market is the online marking system that helps the candidate gain market according to their skillset. This way, each position, and its required skillset gets fulfilled through these operations.

Business Growth Drivers in the Hospitality Staffing Market:

Increasing Demand for Flexibility: The hospitality industry often experiences fluctuations in demand based on seasons, events, and other factors. Staffing agencies offer flexibility to hotels, restaurants, and event venues by providing temporary staff to meet varying demand levels without the need for permanent hiring.
Focus on Core Activities: Hospitality businesses can focus on their core activities such as guest service and experience enhancement, leaving the staffing responsibilities to specialized agencies. This allows them to allocate resources more efficiently and effectively.
Cost Efficiency: Hiring temporary staff through staffing agencies can often be more cost-effective for hospitality businesses compared to recruiting and training full-time employees. This is particularly beneficial during peak seasons or for short-term projects/events.
Access to Specialized Talent: Staffing agencies often maintain databases of skilled personnel across various hospitality roles. This enables businesses to quickly access talent that matches their specific requirements, whether it’s for front-of-house positions, culinary roles, or event management.
Adaptability to Market Trends: The hospitality industry is constantly evolving, with changing consumer preferences, technological advancements, and regulatory requirements. Staffing agencies can help businesses adapt to these trends by providing access to talent with relevant skills and expertise.

Industry Restraints in the Hospitality Staffing Market:

High Turnover Rates: The hospitality industry is notorious for its high turnover rates due to factors such as long working hours, low wages, and seasonal nature of employment. Staffing agencies may struggle to retain talent, leading to challenges in consistently meeting client demands.
Quality Control Challenges: Ensuring consistent quality of service can be challenging when relying on temporary staff who may have varying levels of experience and training. Maintaining service standards and guest satisfaction can become a concern for hospitality businesses using staffing agencies.
Legal and Compliance Issues: Hospitality businesses must adhere to labor laws and regulations, which can vary by location. Staffing agencies need to ensure compliance with these regulations regarding aspects such as working hours, wages, and safety standards, which can be complex and time-consuming.
Competition and Pricing Pressure: The hospitality staffing market is often competitive, with numerous agencies vying for clients and talent. This can lead to pricing pressure, as businesses may seek the most cost-effective staffing solutions, potentially impacting profit margins for staffing agencies.
Dependency Risks: Hospitality businesses that heavily rely on staffing agencies for their workforce may face risks related to dependency. Any disruptions in the operations of staffing agencies, such as financial difficulties or sudden closures, can directly impact the businesses they serve, leading to operational challenges and potential reputational damage.

Key takeaways:

Market analysis explains that the market is categorized by work position, work and end user. These categories are further divided into small segments that expand their channels in multiple market spaces.
Manager segment is the largest segment by the work position type and will hold the biggest portion of the market in the forecast period, thriving at CAGR of 4.3% through 2032. The growth of segments is attributed to leadership vacuum, rising management issues, new project-based companies setting up in FMCG and travel industry.
Growing population along with new travels locations opening through are pushing the hospitality sector and government to invest more capital into the hotels, parks, monuments and accommodation facilities, using the latest advanced technology.

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Key Segments

By Work Position Type:

Manager
Specialist
Attendant
Others (Chefs, Auditor, Receptionist)

By Work Type:

Event Caterers
Janitors
Parking Attendants
Banquet and Restaurant Servers
Others (Prep Cooks, Housekeepers)

By End-use Industry:

Food and Beverages
Travel & Tourism
Lodging

Competitive landscape:

Some of the hospitality staffing market competitors listed in the FMI’s study on Hospitality staffing market are Hospitality Staffing Solutions, Remedy Intelligent Staffing, Allinace Recruitment Agency, The Service Companies, Inc., Alrich Hospitality Staffing Inc., Bolt Staffing Services, Hospitality Staffing UK, Luxe Hospitality Staffing, and Refugee Staffing Agency.

Recent Development

Hospitality staffing solutions has introduced its powering hospitality staffing solutions that cover workers and businesses and has also launched its new eBook named “Safety Matters: A Guide to Safety and Hospitality Contingent Labour”.

Remedy Intelligent Staffing has upgraded its hospitality staffing solutions with new best practices like introducing its app that can help the workers in finding jobs in the hospitality sector, pushing the sales of hospitality staffing solutions.

Author

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

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

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Significant Growth Predicted for Above The Waist PPE Market: US$ 50 Billion by 2032 at 5.9% CAGR

A recently published study by FMI expects the global above the waist PPE market to augment at a 5.9% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 50 Billion is expected for the market. Increasing worker safety awareness on the workshop floor is predicted to drive up demand for above the waist PPE throughout the forecast period.

The developing industrial sector and increased awareness about personal protective equipment are likely to drive above the waist PPE market expansion over the forecast period. Continuous innovation, such as the development of lighter and more comfortable industrial protective equipment manufactured of high-quality fabric, is likely to drive market growth.

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Demand for protective equipment that combines safety with improved aesthetics and technological innovation is projected to drive market growth. Because of stringent laws and high costs connected with workplace dangers, industry players are becoming more conscious of the need of worker safety and security at work, which is expected to fuel market expansion. Companies have prioritised worker safety and implemented safety norms to decrease workplace dangers, resulting in increased market growth.

Key Takeaways from the Market Study

FMI projects the global Above the Waist PPE market to expand at a 5.9% value CAGR by 2032
The global Above the Waist PPE market is estimated at a market value of US$ 28 Billion
The global Above the Waist PPE market is expected to garner a market value of US$ 50 Billion
Asia Pacific is expected to be the most lucrative for Above the Waist PPE market growth.
North America is expected to grow significantly during the forecast period.
The construction sector is expected to lead the market for Above the Waist PPE in the forecast period 2022-2032.

“The hearing protection product category is expected to increase considerably throughout the study period. The constant use of heavy machinery and the noise it generates might cause hearing difficulties in workers. This has increased the need for earplugs and earmuffs in the construction and mining sectors to prevent workers from hearing loss, which is expected to drive segmental adoption,” – says an analyst at FMI

Market Competition

Key players in the Above the waist PPE market are Safety Products, Inc., 3M, Drager, Radians, SureWerx USA, Inc, Honeywell International, Inc., Hellberg Safety, Kimberly-Clark Corporation, MSA Company, and Protective Industrial Products, ERB Industries, Inc.

Recent Development

In January 2022, Kimberly-Clark introduced new nitrile gloves for research and production facilities, life sciences, and non-sterile drug manufacturing applications. The company’s product offerings were to be improved as part of the strategic plan.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global Above the waist PPE market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of product (head protection, eye & face protection, hearing protection, respiratory protection and hand protection), end-use (construction, manufacturing, oil & gas, chemical, food, pharmaceuticals, transportation, mining) and distribution channel (retail and industrial MRO), across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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

Biobased Biodegradable Plastic Market Poised for 10% Growth: Capitalize on the Sustainable Packaging Trend

The biobased biodegradable plastic market is expected to be valued at US$ 5.2 billion in 2023. The market is predicted to expand at a 10% CAGR from 2023 to 2033, reaching US$ 13.6 billion by 2033.

Growing public awareness of plastic waste and its negative environmental impact has resulted in an increased popularity of biobased biodegradable polymers. Customers as well as companies are looking for sustainable options that decrease plastic waste and protect the environment.

Globally, rigorous laws and regulatory frameworks are prohibiting single-use plastic and encouraging the usage of biodegradable materials. Adherence to these rules is a primary motivator, driving firms to use biobased biodegradable polymers for a variety of uses.

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Many corporations are implementing biobased biodegradable polymers as an aspect of their corporate social duty programs. Sustainable practices in company practices improve the brand’s reputation and fulfill the needs of environmentally conscious customers.

Persistent bioplastic technological advancement is resulting in the invention of new and affordable recyclable materials. Manufacturing methods and material composition breakthroughs have broadened the practical usage of biobased biodegradable polymers.

Client preferences are evolving and there is a burgeoning eco-conscious customer base. Customers are favoring biodegradable plastic in items and packaging, prompting businesses to spend on those substances and fueling market growth.

Sustainability issues, tough restrictions, and customer preference for environment-friendly alternatives are driving considerable growth in the biobased biodegradable plastic industry in the United States.

The market has been propelled further by increasing public consciousness of plastic waste and an increasing focus on business sustainability practices.

The proactive involvement of the United Kingdom in Circular Economy frameworks has stimulated the emergence of bioplastic recycling facilities, offering new market prospects. Leading brands and retailers are switching to recyclable packaging, which is boosting the industry’s development.

Key Takeaways

The United States is estimated to be valued at US$ 1.2 billion by 2033.
The market in the United Kingdom is predicted to expand at a 9.6% CAGR from 2023 to 2033.
The biobased biodegradable plastic market in the United Kingdom is projected to reach US$ 400 million by 2033.
The biobased biodegradable plastic market in China is anticipated to be worth US$ 1.4 billion.
The market in China is expected to record a CAGR of 10.1% through 2033.

“Partnership between the public and business sectors is going to encourage research and provide a steady supply of novel biodegradable products. Market dominance in emerging nations, combined with increased awareness of ecological issues globally, is expected to fuel market growth,” says an FMI analyst.

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Competitive Landscape

Competitiveness in the market fluctuates from minimal to considerable depending on area. Because of the enormous number of participants in Europe and North America, competition is moderate. On the other hand, due to limited market participants, competition in Asia Pacific is minimal.

Key market players are investing heavily in research and development to introduce revolutionary biodegradable plastic materials that are both sturdy and easily recyclable in the natural environment.

Futerro declared plans in December 2022 to build an initial vertically linked biorefinery in Europe in Normandy, France, for the manufacture and reusing of PLA.
NatureWorks held a ceremony in February 2023 to commemorate the completion of the organization’s Ingeo PLA production complex in Thailand.

Key Companies Profiled

BASF SE
Plantic Technologies
Toray Industries
Total Corbion PLA
Natureworks
Biome Bioplastic.
Bio-On
Mitsubishi Chemical Corporation
Danimer Scientific
Novamont S.P.A.

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Biobased Biodegradable Plastic Market Report

Future Market Insights, in its new offering, presents an unbiased analysis of the global biobased biodegradable plastic market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.

The study reveals essential insights by Product Type (polyester, starch blends, poly lactic acid (PLA), cellulose, polyhydroxyalkanoate), Application (packaging, fibers, healthcare, agriculture, others), and Region.

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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 ~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 on-the-go breakfast market offers a delicious opportunity, fueled by rising consumer demand for convenient and healthy mornings

The North American on-the-go breakfast products market is steadily growing, with projections of reaching around US$ 415 million by 2026. Globally, this market is expected to reach US$ 1.9 billion by the same year, indicating a significant increase from its US$ 1.2 billion valuation in 2015.

By the end of 2021, the market for breakfast goods that can be consumed on the go in North America is expected to be valued US$ 330 million, up from an estimated US$ 270 million in 2015.

The market for breakfast products consumed on the go in North America is expected to reach about US$ 415 million by the end of 2026, rising at a rate of 4.4% annually. The market is expected to offer incremental opportunity valued at approximately US$ 150 million between 2019 and 2026.

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The market for breakfast goods that can be consumed on the go is expected to increase at a staggering 4.2% CAGR between 2019 and 2026. The global market is anticipated to grow to around $1,900 million by the end of 2026, representing an additional opportunity of more than $600 million between 2019 and 2026. The market was estimated to be worth $1,200 million in 2015, and by the end of 2021, it is expected to grow to $1,500 million.

With a CAGR of 4.2% from 2019 to 2026, the market for breakfast goods that can be consumed on the go is expected to present enormous potential opportunities throughout the course of the projected period. By the end of 2026, the market for breakfast goods that can be consumed on the go is projected to be worth close to US$ 1,900 million. Between 2019 and 2026, the market is projected to offer an incremental potential worth more than US$ 600 million. As per the historical timeframe, the global market for breakfast goods that can be had on-the-go was estimated to be worth US$ 1,200 million in 2015. It is projected to grow to US$ 1,500 million by the end of 2021.

In 2015, the market for dairy-based breakfast beverages was estimated to be worth around $90 million, and by the end of 2026, it’s expected to be worth more than $140 million. Additionally, it is anticipated that this market would create additional opportunities of more than US$ 50 million between 2019 and 2026. The increased popularity of breakfast foods that are quick and simple to eat on-the-go and are healthier than sugary cereals is significantly influenced by all of these factors.

Attributing to the fast-paced lifestyle, having breakfast at leisure is a thing of the past. In developing and developed nations, life has accelerated at a significant pace. More and more people are preferring convenient breakfast substitutes that can be consumed on the go or in the office.

Report Highlights

Increasing urbanization and the rising concept of nuclear families are likely to make working women juggle between domestic and work responsibilities. This has consequently resulted in no time for making or having a leisurely breakfast, as the urban populace battles increasing work commutes and a dearth of time.

Furthermore, fast-paced lifestyles and surging participation of women in the workforce paired with longer commute times are all fuelling the demand for on-the-go breakfast products all over the world, especially in the fast-growing Asia Pacific region and the developed regions of North America and the European Union.

Recent Developments

Attributing to a hectic lifestyle, there is a significant surge in single-person households and a rise in the number of women working worldwide due to which consumers have a limited amount of time to prepare meals. This has led to a shift in consumer preference for foods that are healthy and offer convenience in terms of preparation.

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Competitive Landscape

Rising consumer preferences for convenient products have significantly led manufacturers to offer on-the-go breakfast food packed in pots. Demand for products with high fiber and protein content is increasing significantly in countries like the U.S., the U.K., and Japan. Increasing demand for value-added products in various countries is prompting manufacturers to offer healthy breakfast products with additional nutrients.

More Insights into the On-the-go Breakfast Products Market

The North American region is anticipated to dominate the global on-the-go breakfast products market over the evaluation period. In 2015, North American on-the-go breakfast products market was valued at nearly US$ 270 Million, which is expected to reach nearly US$ 330 Million by 2021 end.

The North American on-the-go breakfast products market is expected to be valued at nearly US$ 415 Million by the end of 2026, registering a CAGR of 4.4% over the evaluation period. Moreover, the market is estimated to represent an incremental opportunity of nearly US$ 150 Million between 2019 and 2026.

The global on-the-go breakfast products market in the U.S. is estimated to record an incremental opportunity of nearly US$ 120 Million between 2019 and 2026. Furthermore, in 2015, the on-the-go breakfast products market in Canada was valued at nearly US$ 70 Million and is expected to witness a CAGR of 3.3% over the forecast period to reach nearly US$ 100 Million by the end of 2026. The market in Canada is estimated to create an incremental opportunity of US$ 27 Million.

In 2015, the breakfast cereals segment was valued at nearly US$ 180 Million and is expected to witness a CAGR of 4.1% over the forecast period to reach US$ 275 Million by the end of 2026. This segment is estimated to record an incremental opportunity of more than US$ 90 Million.

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Key Market Segments

By Type:

Breakfast Cereals
Dairy based Breakfast Drinks

By Distribution Channel:

Hypermarket/Supermarket
Retail Stores
Convenience Stores
Online Selling
Others (Direct Selling)

By Region:

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific Excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan

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.

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Compressor Oil Market Poised for Boom: Set to Reach US$ 11 Billion by 2034

In 2023, the global compressor oil market attained a size of US$ 6,233.0 million, marking a significant presence in the industry. Anticipated to maintain a robust growth trajectory, the demand for compressor oils is expected to exhibit a Compound Annual Growth Rate (CAGR) of 5.4% over the forecast period. Projections indicate a substantial expansion in market value, with an estimated increase from US$ 6,513.7 million in 2024 to a noteworthy US$ 11,001.4 million by the year 2034. This upward trend underscores the escalating significance of compressor oils in various industrial applications, reflecting a promising outlook for the market’s future dynamics.

Synthetic oils remain a widely consumed oil type in the market. This is due to their excellent heat and wear resistance. The target segment is poised to expand at a CAGR of 4.9% during the assessment period.

East Asia is expected to dominate the global compressor oil market during the forecast period. It will likely hold 24.9% of the global market share in 2034. This is due to rapid industrial growth in countries like Japan, South Korea, and China.

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The compressor oil industry is poised to exhibit steady growth during the assessment period. This is attributable to factors like:

Booming industrial sector
Rising adoption of HVAC systems in residential and industrial sectors
Increasing focus on energy efficiency
Growing popularity of bio-based compressor oils
Expanding infrastructure globally

The growing manufacturing and industrial sectors are leading to increased adoption of compressors and, consequently, compressor oils. Compressors are integral to various processes in industries such as automotive, electronics, and heavy machinery manufacturing, creating a consistent demand for high-quality compressor oils.

The growing adoption of HVAC systems in residential, commercial, and industrial sectors is another prominent factor impacting compressor oil sales. This is because HVAC systems require the use of compressors and compressor oils essential for the proper lubrication and functioning of compressors.

The market is witnessing a gradual shift toward bio-based compressor oils due to growing environmental concerns and a rising need for environmentally friendly lubricants. Similarly, the development of advanced compressor oils with improved performance and better stability will benefit the market.

Key Takeaways from the Report:

The global market for compressor oils is projected to total US$ 11,001.4 million in 2034.
Based on oil type, the synthetic oil segment is estimated to account for about 57.9% of the overall market size.
By end-use industry, manufacturing & others segment is set to grow at a CAGR of 5.6%.
China’s market value is anticipated to total US$ 1,652.1 million in 2034.
Demand for compressor oils in India is poised to grow with a CAGR of 5.3% through 2034.
Total compressor oil revenue in the United States is set to reach US$ 1,409.9 million by 2034.

“Compressor oil is essential for lubricating the moving parts of a compressor. Thus, growing usage of compressors across industries like manufacturing, automotive, and oil & gas will likely boost sales of compressor oils through 2034,” Says an Analyst at Future Market Insights (FMI).

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Who is Winning?

Leading compressor oil manufacturers listed in the report include

ExxonMobil Corporation
Quaker Chemical Corporation
Fuchs Petrolub SE
BP plc
TotalEnergies SE
Apar Industries Ltd.
Calumet Specialty Products Partners, L.P.
Chevron Corporation
China Petroleum & Chemical Corp (Sinopec Corporation)
Repsol SA
Philips 66
Raj Petro Specialities Pvt. Ltd
Nynas AB
Valvoline, Inc.
Shell plc.
Savita Oil Technologies Ltd.
The Dow Company

Key companies are concentrating on developing high-performance and environmentally friendly compressor oils to meet the evolving needs of end-use industries. They also use tactics like acquisitions, distribution agreements, facility expansions, partnerships, and mergers to strengthen their global footprint.

In May 2023, Luberef signed a Memorandum of Understanding (MOU) with APAR Industries Limited to build a Compressor Oil/White Oil plant at the LubeHub, supporting the localization of specialty products in KSA.
In 2020, APAR introduced POWEROIL Press C 220 compounded compressor oil to provide optimal resistance to water washing while lubricating compressors handling wet gasses.

About Future Market Insights (FMI)

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

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Airless Pumps Market is Anticipated to Exceed US$ 422 Million by 2033 | FMI

The airless pump market that projects positive market development through 2023, with worldwide sales rising by 2.7% annually. Sales of airless pumps are predicted to bring in a total of US$ 251.5 million in revenue by 2023. According to FMI, the demand is anticipated to increase at a 5.3% CAGR between 2023 and 2033. It is projected that the market will surpass US$ 422 million by 2033.

High durability, effective barrier-resistance, lightweight nature, and affordability of airless packaging promote the market growth of the same over the forecast periodThe rising concern for the environment has encouraged diverse sustainability drives. This has led many manufacturers in the packaging sector to employ recyclable packaging materials to meet the escalating demand for environmentally friendly products. In the past few years, airless packaging has expanded its product line to include different types such as airless bottles, tubes, and jars.

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These products are inviting increasing demand from different industries like skincare and healthcare as these bottles would aid in the prevention of contamination and help in extending the shelf life. Hence, elevated demand for various cosmetic and skincare products such as creams, foundations, and serums along with a demand for a longer shelf life of the same products is expected to foster growth for the target market.

At present, Europe accounts for the largest share of the global airless packaging market. Owing to the strong presence of numerous renowned fashion and cosmetic brands, particularly in Paris, the region holds over 35.5% of the market. Different skincare brands across Europe are accentuating the use of sustainable airless packaging for addressing rising concerns associated with sustainability and protection of the product against oxidation. All of these considerations boost the overall market growth of airless packaging in the global space.

“Increasing demand for a wide range of cosmetic products as well as a growing need for a longer shelf life of the same augments the global sales of the airless packaging market during the forecast period,” says an FMI analyst.

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Key Airless Pumps Market Takeaways and Projections

The U.S. is expected to lead the North America Airless Pumps market, projecting the fastest growth in the region between 2023-2033
Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2033.

Competitive Landscape Analysis

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

It also provides a list of leading players and recent development in the global Airless Pumps market. Some of the players in the global Airless Pumps market are

Albéa S.A.
Richmond Containers CTP Ltd
Frapak Packaging B.V.
Rieke Corporation
Raepak Ltd.
Unicom International Ltd.
APackaging Group

Latest Developments-

In January 2023, APF Futurity is the first metal-free, multi-dose nasal spray pump created by Aptar Pharma, a division of AptarGroup, Inc. It is developed to administer nasal saline and other equivalent over-the-counter (OTC) formulations.
In July 2020, AptarGroup Inc. broadened its PCR dispensing portfolio in North America with two new airless pump launches.

Airless Pumps Market: Market Segmentation

By Pump Type:

Multi Chamber Airless Pumps
Handheld Airless Pumps

By Material:

Plastic
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Polypropylene (PP)
- Others
Metal

By Application:

Body Lotions
Hand Care Lotions
Makeup
Perfumes & Deodorants
Liquid Soap
Shampoos & Conditioners

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Nandini Singh Sawlani