Market Research Blog – Page 3426 – New Product Development

Power of Purple: Acai Berry Market Expected to Reach US$ 4.27 Billion by 2034

The acai berry market is estimated to be worth US$ 1.89 billion in 2024. By 2034, the demand for acai berries is anticipated to reach a value of US$ 4.27 billion. The market is expected to increase at a CAGR of 8.5% through 2034.

The acai berry, a reddish-purple fruit grown on the acai palm tree, is most commonly found in Central and South America. It’s a delicious dark berry high in phytonutrients including anthocyanin, a type of antioxidant, and vitamins C and E. According to studies, acai has significantly more antioxidants than popular fruits such as blueberries, oranges, and even red wine.

Because of its potency, this fruit is often referred to as the “Amazon Viagra.” Acai is high in fibre, vitamins B1, B2, B3, vitamin E, vitamin C, calcium, potassium, protein, and the omega-6 and omega-9 fatty acids. It also has a lot of fibre. It contains fibre in addition to the antioxidants listed above. As a result, acai berry market demand may increase.

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Acai Berry Market: Drivers & Restraints

Consumers are shifting their tastes towards nutritious fruits, vegetables, and beverages as the occurrence of health issues rises. As a result, the market for acai berries is expanding rapidly. Consumers are becoming more aware of the numerous advantages of acai berries and are gravitating towards acai berry-based goods. Acai berry fruits have significant antioxidant capabilities that improve overall health and aid in weight loss.

Another key driver for the acai berry market is the expansion of the organic cosmetic business, which is also contributing to the increase in demand for acai berries.

However, there are many threats for the acai berry market in the form of conventional allopathic medicines and chemical based cosmetics. Growth of nutraceutical industry might prove detrimental for the acai berry market.

Acai Berry Market: Segmentation
The acai berry market can be segmented on the basis of application. This can be further segmented into Functional Food and Beverages, Pharmaceuticals, Dietary Supplements, Personal Care/ Cosmetics and Others. The market can also be segmented on the basis of form of availability, viz; pulp, juice and powder.

Acai Berry Market: Region Wise Outlook
Geographically, the acai berrymarket is segmented into seven regions which are ; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA) and Japan. Among all the countries, Brazil and America is leading in terms of volume in the global acai berrymarket followed by Asia Pacific, North America & it is expected that in near future, Asia Pacific is going to lead this market.

Acai Berry Market: Key Players
Some of the key players across the value chain dominating this market are The Berry Company Llc, Phyto Nutraceutical Inc., Jinan Felicity Biotechnology Co., Ltd, and Pharma Nutra USA. These companies are developing market strategies such as mergers and acquisitions, Joint Venture, New product development and Expansion to increase their market share in Global Functional Beverages Market.

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Key Companies in the Acai Berry Market

Sambazon, Inc
Acai Roots, inc.
Acai Frooty
Nativo Acai
Acai Exotic LLC
Jamba Juice Inc
Sunfood
Phyto Nutraceutical’s
Naked Juice Company
The Coca-Cola Company

Key Segments

By Form:

Pulp
Dried

By Application:

Food and Beverage
Nutraceuticals
Cosmetics and Personal Care
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
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Electrifying Demand: Nickel Carbonate Market Surges to US$ 459.6 Million by 2032, Fueled by Electroplating Advancements

Zinc-nickel plating solutions are one widely accepted solution to develop corrosion resistance in metals used in the automotive and construction industry. Nickel Carbonate is used as a nickel source in such plating solutions which is expected to boost the sales of nickel carbonate over the upcoming assessment period of 2022-2032.

The global Nickel Carbonate market is estimated to expand at a remarkable growth rate of 5.6% CAGR over the forecast period between 2022 and 2032, finding future market insights (FMI) in a recent market analysis.

In addition, Nickel Carbonate is also getting fair traction as a catalyst in a variety of end-use industries. The oil & gas industry is playing a key role in promoting the use of nickel carbonate as nickel catalysts. Consistent growing demand for cleaner and high-quality fuels is expected to be the key reason behind such robust growth in demand for nickel catalysts in oil and gas industries owing to its use in selective hydrogenation of unsaturated compounds produced during steam cracking.

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However, the high price of the product owing to expensive raw materials used such as nickel has remained a longstanding challenge for the manufacturers and consumers. High product prices have compelled manufacturers and consumers to find and develop cost-effective solutions to maintain a competitive atmosphere in the market.

“Substantial growth in the electroplating industry is expected to be a key factor promoting the growth of nickel carbonate over the forecast period,” says an FMI analyst.

Key Takeaways:

The global Nickel Carbonate market is expected to attain a value of over US$ 459.6 Million by the end of the forecast period growing at a CAGR of 5.6% over the forecast period.
The rising demand for Nickel Carbonate for electroplating is expected to propel the growth of the market in recent years.
Key Manufacturers are engaged in providing tailored solutions to consumers and gaining a competitive edge in the market.
The electroplating industry is the major consumer application of nickel carbonate. The segment is anticipated to consume around 72% of nickel carbonate produced every year.
Owing to a consistent consumer shift toward high-quality products. 42% – 46% Nickel-containing nickel carbonate is expected to witness substantial growth over the forecast period.
Despite various driving factors, the high price of nickel carbonate is controlling the growth rate of the global nickel carbonate market.

Competitive Landscape

Key Companies Profiled

American Elements
Liangren Chemicals
Umicore
Reullei
Thermo fischer Scientific
abcr GmbH
Himalaya Industries
Uma Chemicals
Eramet
jinchuan group
Jiangxi Nuclear Industry Xingzhong New Material Co., Ltd
Fairsky Industrial

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Nickel Carbonate Market By Category

By Ni Content:

< 38%
38% – 42%
42% – 46%
> 46%

By Application:

Electroplating
Catalysts
Pigments
Others

By Region:

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

About Future Market Insights (FMI)

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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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Exploring the Surge in Demand for Fire Retardant Coatings as Infrastructure Expansion Drives Market Growth to US$ 9.17 Billion by 2032

Fire retardant coatings have been formulated in numerous types depending on base composition and substrate type. According to composition, fire retardant coatings are generally boron-based and phosphorus-based fire retardant coatings.

During the projected period, the fire retardant coatings market size is expected to grow at a CAGR of 6%, reaching a market share of US$ 9.17 billion in 2032, up from US$ 4.83 billion in 2021. Fire retardant coatings work on the basis of the ability to suppress the production of gases produced at the time of the combustion process. Additionally, fire retardant coatings require relatively low maintenance costs – this is one of the superior properties of fire retardant coatings for gaining acceptance in several end-use industries.

There is a substantial demand for fire retardant coatings due to the clearly expanding infrastructure of the industrial and commercial sectors, as well as associated electric supplies and operations, such as fireplaces, where the risk of accidents is higher.

Further, by product type, fire retardant coatings have two types including non-intumescent and intumescent fire retardant coatings. The fire retardant coatings find a wide range of applications in industrial, residential, and commercial sectors.

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Global Fire Retardant Coatings Market: Industry Participants

The global fire retardant coatings market has a number of small as well as international manufacturers at a regional level. Few key players are identified across the value chain of global fire retardant coatings market which have been listed below –

NIPPON PAINT Co. Ltd.S
Noble Paints
HEMPEL
Akzo Nobel
PPG Industries
Carboline
Kansai Paints
Jotun
Promat International
Nullifire
GCC Applied Technologies
Isolatek International

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

Global Fire Retardant Coatings Market: Regional Outlook

Geographically, the global fire retardant coatings market can be segmented into seven key regions. Rapid industrialization and modernization will continue to drive market growth in developed economies. The regions like the Asia Pacific, Latin America, and MEA anticipated propelling the demand for fire retardant coatings in near future, due to increasing industrial infrastructure and concern towards the protecting property and safeguards across the regions.

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Key Segments Profiled in the Fire Retardant Coatings Market Survey

By Product Type:

Non-intumescent Fire Retardant Coatings
Intumescent Fire Coatings

By Material:

Boron-based Fire Retardant Coatings
Phosphorus-based Fire Retardant Coatings

By End Use Industry:

Automotive
Oil & Gas
Construction
Electrical & Electronics
Aerospace
Marine
Furniture
Textile
Others

By Region:

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

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Cheers to Growth: Food Grade Alcohol Market Projected to Reach US$ 6.16 Billion by 2033

According to Future Market Insights (FMI), the global food-grade alcohol market is expected to be worth US$ 4.16 billion in 2023 and US$ 6.16 billion by 2033, expanding at a CAGR of 4.0% during the forecast period.

Demand for food-grade alcohol may increase as demand for spirits and beers rises in various regions. Growth in the food processing sector and greater ethanol use are propelling the organic food-grade alcohol industry ahead.

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Market Opportunities

The traditional food-grade alcohol market is predicted to expand significantly over the forecast years, owing to rising alcoholic beverage sales and increased alcohol trade among developing countries as a result of favourable trade rules.

The use of efficient preservatives, flavourings, and other compounds is increasing as the food and beverage industry become more complex. This can help to improve the taste of the product while also extending its shelf life, which will fuel future expansion in the food-grade alcohol products market.

The advancement of the countries, as well as the involvement of ethanol co-products in the feed sector, may provide further prospects for the expansion of the food-grade alcohol market in the approaching years.

Negative Health Effects Dwindling Economic Growth of the Market

The negative health impacts of excessive alcohol consumption, as well as demographic and legal concerns about alcohol use, may hinder organic food-grade alcohol market growth during the forecasted years.

In the near future, the volatile raw material prices and rigorous limits on the use of alcohol in food and beverages, health, and personal care products may provide additional challenges to the food-grade alcohol market growth.

Regional Evaluation

Due to increasing alcohol consumption by end-use industries including food, pharmaceuticals, and cosmetics & personal care across countries in Europe, leading the region with the lion’s share of the conventional food-grade alcohol market and is to maintain its dominance during the forecast years.

The region’s well-established food and beverage sector and significant adoption of food-grade alcohol in the creation of various types of food flavors, vinegar preparation, and other processes are to be the catalyst for the organic food-grade alcohol market expansion.

Key Takeaways:

Between 2023 and 2033, the United States may command a market share of 3.8%.
From 2023 to 2033, Germany’s market share may capture 5.2%.
Japan can boost its share of the market to 3.6% between 2023 and 2033.
Australia’s market share between 2023 and 2033 is likely to be 2.9%.
China food-grade alcohol products market is to advance at a 7.7% CAGR between 2023 and 2033.
Between 2023 and 2033, India market is to register a CAGR of 13.7%.
The market in the United Kingdom is to blossom at a CAGR of 4.2% between 2023 and 2033.

Insights into Notable Businesses and Market Dominance

The global market is very competitive, with the leading international brands focused on long-term relationships with end customers. Competition is to raise more in the food and beverage, pharmaceutical, and personal care sectors in the future years.

Sucrogen Bioethanol Pty. Ltd., MGP Ingredients, Inc., Shree Renuka Sugars Limited, AppliChem GmbH, Balrampur Chini Mills Ltd. (Sugar Division), Shanker International, Cargill, Incorporated, Cristalco S.A.S, Grain Processing Corporation, and others are among the food-grade alcohol manufacturers and suppliers of food-grade alcohol products.

Many food-grade alcohol product manufacturers and industrialists have expressed an interest in food-grade ethanol, which may increase food-grade alcohol demand among food makers and consumers in the coming years.

Notable Economic Innovation

Acquisition

Cargill Incorporated purchased Rogers, Arkansas-based BioBased Technologies, and Agrol, their vegetable-based polyol product line, in May 2017.

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Key Players

Archer Daniels Midland Company
Cargill Inc.
Fairly Traded Organics
Ethimex Ltd.
Organic Alcohol Company
GLACIAL GRAIN SPIRITS
CHIPPEWA VALLEY ETHANOL COMPANY
Essentica
MGP Ingredients
Altia Industrial
Highwater Ethanol LLC
Roquette Freres
Grain Processing Corporation
Fonterra Co-operative Group
Malindra Group.
Others

Key Segments

By Nature:

Organic
Conventional

By Application:

Spirits
Vinegar
Extracts
Cosmetics & Fragrances
Pharmaceutical
Nutraceutical
Other Industrial Applications

By Function:

Aromas
Preservatives
Solvents
Disinfectants
Others

By Source:

Sugarcane
Wheat
Rye
Barley
Corn
Others

By Region:

North America (The United States & Canada)
Latin America (Brazil, Mexico & Rest of Latin America)
Europe (Germany, Italy, France, United kingdom, Spain, BENELUX, Nordics, Russia, Poland & Rest of Europe)
Middle East & Africa (GCC, South Africa & Rest of the Middle East and Africa)
East Asia (China, Japan & South Korea)
South Asia (India, Thailand, Indonesia, Malaysia & Rest of South Asia)
Oceania (Australia & New Zealand)

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Rising Demand for Sustainable Beauty Products to Propel Cholesteryl Isostearate Market to US$ 40.97 billion Valuation by 2032

Valued at US$ 17.57 Billion in 2021, the target market is driven by the growing consumption of personal care and grooming products. The escalating demand for cosmetics and beauty items will likely propel the growth of the cholesteryl isostearate market during the forecast period. The global cholesteryl isostearate industry is predicted to reach a valuation of US$ 40.97 Billion by 2032, with sales growing at a strong CAGR of 8% from 2022 to 2032.

Major factors propelling the growth for the cholesteryl isostearate market are the changing preferences of consumer across the world. Nowadays, consumers opt for items with exceptional functional benefits and this drives the demand for products like cholesteryl isostearate. High-end specialty active compounds such as cholesteryl isostearate are being developed in order to cater to this consumer trend. Moreover, innovation and sustainability initiatives will likely contribute considerably to the growth of the cholesteryl isostearate market during 2022-2032.

However, though the target market is expected to undergo significant growth, factors like stringent cholesteryl isostearate regulations along with fluctuating raw material prices may hamper the global sales of the cholesteryl isostearate over the assessment period of 2022-2032. Besides, the increasing demand for organic beauty products might also impede target market growth during this period.

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Conversely, natural and organic beauty products rely heavily on correct cultivation, ambient conditions, and ingredient extraction. This aspect is anticipated to spur the demand for the cholesteryl isostearate market. Again, natural components are far more costlier than synthetic ingredients. Consequently, all of these factors, in addition to others, work in tandem to ensure steady and robust growth for the cholesteryl isostearate market during the forecast period.

“Growing consumer preference for products with excellent functional benefits are expected to facilitate the global growth of the cholesteryl isostearate market over the forecast period,” says an FMI analyst.

Key Takeaways in Cholesteryl Isostearate Market:

Fluctuating raw material prices and implementation of stringent regulations may limit the growth of the cholesteryl isostearate market.
Advancing cosmetics industry presents Latin America as a lucrative market for cholesteryl isostearate products.
The cholesteryl isostearate market in Asia Pacific is expected to generate substantial revenue during 2022-2032.
An emphasis on modern lifestyles in established markets like North America and Europe will further propel the cholesteryl isostearate market in these regions.

Competitive Landscape in Cholesteryl Isostearate

In a competitive market, leading players are focusing on product innovation and development to meet the growing consumer demands. Many firms in this market are increasing their investment in new product development. Some other players are adopting organic and inorganic strategies like partnerships, collaborations, and merger tactics to gain the upper hand. It is estimated that key players control over half of the cholesteryl isostearate market share.

Some of the major players in the cholesteryl isostearate market profiled in the full version of the report

Chemi-Navi
Alfa Chemistry
Nikko Chemicals Co., Ltd.
Kao Chemicals
Santa Cruz Biotechnology, Inc.
C/D/N ISOTOPES INC.
Corden Pharma
Double Check Vegan
Merck KGaA

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More Insights into Cholesteryl Isostearate Market Report

In its latest report, FMI offers an unbiased analysis of the global cholesteryl isostearate market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of application and region.

According to the latest FMI reports, based on segmentation, the conditioning, emollients, and viscosity conntrilling application of cholesteryl isostearate will contribute substantially to the overall market growth of the target product.

Based on region, the cholesteryl isostearate market in Asia Pacific will demonstrate impressive growth over the projected period. The target market in this region will be primarily driven by factors like increasing population and urbanization, surging per capita consumption, and shifting consumer preference. The Asia Pacific region is expected to account for a significant portion of the global cholesteryl isostearate market revenue. Additionally, Latin America will also exhibit remarkable growth owing to a competitive market landscape and the expansion of the cosmetics industry. A general emphasis on modern lifestyle will further propel the growth of the cholesteryl isostearate market during the forecast period.

Key Segments Profiled in the Cholesteryl Isostearate Market Survey

By Application:

Conditioning Agent
Emollients
Viscosity Controlling Agent
Others

By Region:

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

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Rapidly Growing Healthcare Sector Propels Demand for Medical Plastics, Projected to Reach US$ 32,293.4 Million by 2033

The medical plastics market is expected to showcase a 7.0% CAGR in the assessment period from 2023 to 2033. It is likely to cross US$ 16,462.6 million in 2023 and top a valuation of US$ 32,293.4 million by the end of 2033. The need for medical plastics is expected to increase as a result of medical technology and innovation advancements. Medical equipment that is more advanced, specialized, and strong is constantly needed as medical research advances.

Syringes, IV tubes, catheters, surgical equipment, and diagnostic tools are just a few of the products that are manufactured using medical plastics. These are anticipated to help in surging the demand.

The market for specialized medical equipment that is adaptable to different sterilization techniques can also grow. Plastics made for medical use are expected to provide the best answer. They can be sculpted into intricate shapes, added special characteristics, and kept functional under difficult medical conditions.

Global attention to patient safety and infection control has increased demand for medical plastics. Healthcare organizations such as hospitals are always looking for strategies to reduce the risk of infections and enhance patient outcomes.

Medical plastics are naturally antibacterial and are simple to clean and sterilize. They are a favored option for medical equipment and disposable products as they can reduce the risk of contamination and infection transmission.

Demand for medical plastics can be significantly influenced by environmental factors as well. The need for environmentally friendly medical solutions is rising as sustainability becomes a top focus for several sectors, including healthcare.

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Environmentally friendly medical polymers have developed over time. The adoption of recyclable and biodegradable materials by manufacturers is anticipated to lessen the environmental impact of medical waste.

Key Takeaways from Medical Plastics Market Study:

The medical plastics industry observed significant growth at a CAGR of 6.0% in the historical period from 2018 to 2022.
North America is estimated to hold around 1% of the global medical plastics industry share in 2023.
The polyvinyl chloride (PVC) segment is estimated to hold around 2% of the medical plastics industry share in 2023.
The medical parts and components segment held the largest revenue share of over 42% and dominated the end-user category in 2022.
The top 5 countries are set to generate a collective share of around 2% in 2023.

“Medical plastics are frequently more readily produced and less expensive to manufacture than more conventional materials such as metals or glass. Consequently, these are regarded as a financially sensible option for medical tools and equipment. Their appeal to healthcare practitioners around the world is further increased by the fact that they are lightweight, which can also help with reduced shipping costs and ease of handling.” – says a lead analyst at Future Market Insights (FMI).

Competitive Landscape

Medical plastic producers are investing in research & development to produce cutting-edge medical plastics with distinctive features, increased usefulness, and enhanced performance. They might gain an edge over conventional products by creating innovative materials and technologies that enable them to provide cutting-edge solutions to healthcare practitioners.

They are placing more and more emphasis on providing tailored and individual solutions to address the unique requirements of healthcare facilities and end users. They might more effectively meet various demands of the healthcare sector and fortify their customer relationships by offering products & services that are built to order.

Key Companies Profiled

INEOS
Advanced Plastiform, Inc
ELIX Polymers
Arkema
BASF SE
Cleanse Corp
Covestro LLC
DuPont de Nemours, Inc.
Eastman Chemical Company
EMCO Industrial Plastic Inc
Hanwha Group
HMC Polymers
LyondellBasell Industries N.V.

For instance,

In March 2022, ABB Technology (ABB) automated NatureWorks’ brand-new bioplastics facility in Thailand to meet the growing need for alternatives to fossil-based products around the world. About 75,000 metric tons of Ingeo PLA (polylactic acid) biopolymer will be produced annually at the new factory.

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Medical Plastics Market Outlook by Category

By Plastic Type :

Polyvinyl Chloride (PVC)
Thermoplastic Elastomer (TPE)
- Thermoplastic Elastomer Vulcanizates (TPE-V)
- Thermoplastic Elastomer Styrenics (TPE-S)
Polyethylene (PE)
Polycarbonate (PC)
Polypropylene (PP)
Polyethylene Terephthalate (PET)
Polyamides
Thermoplastic Polyurethane (TPU)
Polymethyl Methacrylate
Acrylonitrile Butadiene Styrene (ABS)
Silicone Rubber
- Liquid Silicone Rubber
- High Consistency Rubber
- Room Temperature Vulcanizing (RTV) Silicone
- Silicone Adhesives
- Others

By End Use:

Medical Parts & Components
- Dropper Bulbs
- Drip Chambers
- Gaskets & Stoppers
- Orthopedics
- Blood Collection Chambers
- Medical Containers
- Others
Tubing
- Catheter Tubing
- Drug Delivery
- Gas Supply
- Peristaltic Pump
- Oxygen Tubing
- Blood Transport & Delivery
- Others
Film and Bags
- Biopharmaceutical Storage
- Saline Bags
- Waste Bags
- Others
Surgical Tools
- Scalpels
- Forceps
- Scissors
- Others
Medical Cables and Connectors
- Diagnostic Equipment
- Prosthetics
- Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia Pacific
Russia and Belarus
Balkan and Baltics
Central Asia
Middle East and Africa

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Rising Consumer Demand and Environmental Concerns Propel Textile Colors Market Towards US$ 11.1 Billion Milestone: Future Market Insights Forecasts Accelerated Growth with Direct Dye Segment Leading Charge

According to Future Market Insights, a market research and competitive intelligence provider, Global consumption of Textile Colors experienced significant growth over a five- to six-percentage-point increase in the last five years. The global Textile Colors market was valued at US$ 5.8 Billion in 2021 and is expected to reach a valuation of US$ 11.1 Billion by 2032, expanding at a CAGR of 6.2% between 2022 and 2032. Textile Colors are dyes that are used to produce various textiles such as fabrics, yarns, and fibers. This specific dye may be found as a liquid solution, dry powder, or solid chunk.

One of the principal factors driving the growth of the Textile Colors market is increasing innovation in the Textile Colors sector. Furthermore, demand for vibrant fabrics and fibers, significant R&D expenditures in plant-based dyes, increased demand for Textile Colors in the Asia-Pacific region, and lower costs in production are likely to drive this sector forward.

The dye may be produced as semi-continuous, continuous, or batch processes. Textile Colors are commonly employed in a variety of industries, including the creation of material to arrange garments and loose fibers through yarn.

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However, over-capacity in the marketplace for Textile Colors and fluctuations in the prices of raw materials restrict the market of Textile Colors, while, stringent environmental regulations and leftover by-products of the production process are non-biodegradable and significantly hinder market expansion.

Key Takeaways from the Market Study

Textile Colors Market was valued at US$ 5.8 Bn in 2021. According to Future Market Insights, Textile Colors market revenue would increase 1.8X between 2022 and 2032, reaching roughly US$ 11.1 Bn in 2032.
In terms of Dye Type, the Direct Dye is projected to account for the highest projected CAGR of over 6.5%.
In terms of Fiber Types of Textile Colors, revenue through the Polyester category is expected to be the highest. Revenue growth through this category is projected to witness a CAGR of 4.5% during the historical period.
US remains the dominant region in the Textile Colors Market with an absolute dollar growth opportunity of over US$ 1.8 Bn.

Winning Strategy

Water is used extensively in the dyeing and bleaching of textiles. As the water level drops with each passing day, it is becoming increasingly important to develop dying processes and methods that use less water. The need for organically derived eco-friendly dyes is expected to increase in the near future. This is due to the fact that consumer awareness has risen. Producers are also making it a point to supply less harmful products as part of their corporate social responsibility.

Competitive Environment

Leading textile dye manufacturers use a variety of expansion tactics, ranging from new product releases to full or partial mergers and acquisitions, partnerships, and capacity expansion.

Some of the key players operational in the Textile Colors market

Huntsman Corporation
Kiri Industries Ltd.
Atul Ltd.
LANXESS AG
Zhejiang Longsheng Group Co. Ltd.
Zhejiang Runtu Co. Ltd.
Jihua Group
Archroma Management LLC
Colorant Limited
JAY Chemicals Industries Limited
Jiangsu Yabang Dyestuff Co. Ltd.
Shanghai Anoky Group Co. Ltd.
Shandong Qing Shun Chemical Co. Ltd.
Jiangsu Zhijiang Chemical Co. Ltd.

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Some of the recent developments of key Textile Colors providers are as follows:

In June 2021, Archroma’s Polyester Library introduced the Color Atlas in with 1,440 hues for sportswear, athleisure, swimwear, children’s clothes, shoes, fashion, and home textiles. The atlas enables experts to rapidly create the palettes they want.
In July 2020, Sun Chemical purchased the ink business of Sensient Technologies Corporation, thus expanding the former’s product portfolio for textile and dye sublimation printing.

Market Segments Covered in Textile Colors Market Analysis

By Dye Type:

Disperse
Reactive
Direct
Acid
Vat
Basic

By Fiber Type:

Cotton
Viscose
Wool
Nylon
Polyester
Acrylic

By Region:

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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Nandini Singh Sawlani

Global Non-Corrugated Boxes Market Projected to Reach US$ 114.0 Billion by 2032, Future Market Insights Reports Steady Growth

The global non-corrugated boxes market is poised for significant expansion, with Future Market Insights forecasting a valuation of US$ 56.9 billion in 2022, set to soar at a Compound Annual Growth Rate (CAGR) of 7.2% to reach US$ 114.0 billion by 2032. The sales of non-corrugated boxes are anticipated to witness a notable surge, with the top 5 companies projected to hold approximately 10-15% of the market share by the end of 2022.

One of the key factors driving the growth of the non-corrugated boxes market is the increasing demand for convenient and disposable packaging solutions, particularly in the food service industry. With evolving consumer preferences and the rising popularity of convenient and packed foods, there is a growing need for packaging that is not only secure but also easy to store, carry, and facilitate immediate consumption. Non-corrugated boxes emerge as a preferred choice in this regard, offering both security and convenience while preserving the freshness and nutrition of the packaged products.

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Moreover, non-corrugated boxes are renowned for their sturdy and robust nature, providing ample protection to a wide range of products. This reliability and protective capability are especially crucial for various end-use industries and luxury brands, where product integrity is paramount. These boxes, crafted from high-quality materials and featuring secure fitting lids, effectively safeguard expensive and fragile retail items against damage, thereby enhancing brand reputation and customer satisfaction.

As the market continues to evolve, manufacturers are increasingly focusing on offering standardized boxes with ideal thicknesses, catering to diverse industry requirements. The segment between 1.5mm to 2.5mm thickness is projected to dominate the market value share by the end of 2022, reflecting the heightened preference for boxes that strike the right balance between durability and versatility.

The anticipated growth of the non-corrugated boxes market underscores the significance of reliable packaging solutions in facilitating the safe and efficient transportation of goods across various industries. With innovations in packaging design and materials, stakeholders are well-positioned to capitalize on emerging opportunities and meet evolving consumer demands, ensuring sustained growth and profitability in the years ahead.

Industry Trends:

Sustainability Focus: With increasing environmental concerns, there’s a trend towards sustainable packaging solutions. Non-corrugated boxes made from eco-friendly materials like recycled paper or biodegradable alternatives are gaining popularity.
Customization and Personalization: Consumers are seeking unique and personalized experiences. This trend is driving the demand for customizable non-corrugated boxes that can be tailored to specific branding requirements or product dimensions.
E-commerce Boom: The rise of e-commerce is fueling demand for packaging solutions optimized for shipping individual products. Non-corrugated boxes are ideal for smaller items and are seeing increased adoption due to the growth of online retail.
Technological Advancements: Innovation in packaging technology is leading to the development of lighter yet durable materials. Advanced printing techniques also enable intricate designs and branding on non-corrugated boxes, enhancing their visual appeal.
Regulatory Compliance: Governments worldwide are implementing stricter regulations on packaging materials to reduce waste and environmental impact. This is pushing manufacturers to explore alternative materials and production methods for non-corrugated boxes to meet compliance standards.

Business Growth Opportunities:

Product Diversification: Expanding the range of non-corrugated box offerings to include various sizes, shapes, and functionalities can cater to diverse customer needs and attract new market segments.
Partnerships with E-commerce Platforms: Collaborating with e-commerce giants or smaller online retailers can provide access to a broader customer base. Offering customized packaging solutions tailored to their specific shipping requirements can be a lucrative growth opportunity.
Investment in R&D: Investing in research and development to innovate new materials, designs, and manufacturing processes can result in competitive advantages, such as cost efficiency, enhanced product durability, or unique customization options.
Vertical Integration: Integrating backward or forward in the supply chain can streamline operations and reduce costs. For instance, acquiring raw material suppliers or establishing distribution channels can ensure a steady supply of quality materials and efficient delivery of finished products.
International Expansion: Exploring opportunities in emerging markets or expanding operations globally can open up new revenue streams. Understanding regional preferences, regulations, and market dynamics is crucial for successful expansion strategies in the non-corrugated boxes market.

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Market Segmentation:

Based on the type:

Plain Non-corrugated Boxes
Printed Non-corrugated Boxes

Based on the end-use applications:

Food & Beverage Industry
Confectionary
Cereals
Household electronic appliances
Ready to consume drinks
Personal care products
Household care products

Author:

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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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Nandini Singh Sawlani

Security Envelopes Market to Reach US$ 2.49 Billion by 2032: Future Market Insights Forecasts Continued Growth

The global security envelopes market is poised for substantial growth, with projections indicating a value of US$ 1.8 billion by the end of 2022. According to Future Market Insights, demand for security envelopes is expected to surge at a value Compound Annual Growth Rate (CAGR) of 3.3% from 2022 to 2032, reaching a valuation of US$ 2.49 billion by the end of the forecast period.

Security envelopes have emerged as a crucial solution in countering safety threats, tampering, and pilferage, particularly in the realm of document and shipment protection. The evolution of these envelopes dates back to historical times, with their design continually evolving to meet the demands of an increasingly digitized and security-conscious world.

Originally conceived as a solution to material shortages, windowed envelopes were introduced by Americus Callahan, incorporating a small plastic window to reduce the amount of paper used while maintaining security. Callahan’s innovative design, patented in November 1901, laid the foundation for the modern security envelope, catering to the needs of financial institutions, corporate organizations, and individuals alike.

In response to evolving market demands, manufacturers of security envelopes are continually innovating to enhance functionality and reduce costs. Through the recreation of design patterns and the introduction of new features, security envelopes have transcended their utilitarian origins to become an artistic element in their own right.

Leading the charge in this market evolution is Europhoria Packaging LLP, offering an extensive range of high-quality security envelopes tailored to meet diverse needs. From high-security envelopes equipped with unique sequential barcodes and numbering for tracking and identification to e-commerce security envelopes and plain security envelopes, Europhoria Packaging LLP remains at the forefront of innovation and reliability in the security envelope sector.

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Industry Trends:

Increased Emphasis on Tamper-Evident Features: With rising concerns over mail security, there’s a trend towards security envelopes incorporating advanced tamper-evident features such as unique seals or patterns to prevent unauthorized access.
Growing Adoption of Eco-Friendly Materials: Environmental consciousness is driving the shift towards eco-friendly materials in security envelopes, with consumers and businesses alike seeking sustainable options like recyclable or biodegradable materials.
Integration of RFID and Tracking Technologies: Security envelopes are increasingly incorporating RFID (Radio-Frequency Identification) and tracking technologies to enhance traceability and security during transit, providing real-time monitoring capabilities to businesses and customers.
Customization and Personalization: There’s a rising demand for personalized security envelopes tailored to specific needs, such as branding, security requirements, or unique sizing, reflecting a broader trend towards customization in packaging solutions.
Global Expansion of E-commerce: The booming e-commerce industry is driving the demand for secure packaging solutions like security envelopes, particularly with the increase in cross-border transactions, leading to opportunities for market expansion and innovation.

Business Growth Opportunities:

Offering Comprehensive Security Solutions: Businesses can capitalize on the growing need for comprehensive security solutions by providing not only secure envelopes but also integrated security services such as consulting, auditing, and training to address diverse security challenges.
Targeting Niche Markets: Identifying and catering to niche markets with specialized security envelope needs, such as government agencies, financial institutions, or pharmaceutical companies, presents an opportunity for targeted marketing and tailored product development.
Investing in R&D for Advanced Features: Investing in research and development to innovate advanced security features like biometric authentication, blockchain integration, or anti-counterfeiting technologies can differentiate products and capture market share.
Expanding Distribution Channels: Exploring new distribution channels such as online marketplaces, partnerships with e-commerce platforms, or collaborations with logistics companies can help businesses reach a broader customer base and tap into new markets.
Embracing Sustainability Initiatives: By prioritizing sustainability initiatives and offering eco-friendly security envelopes, businesses can align with consumer preferences, differentiate their brand, and capitalize on the growing demand for environmentally responsible packaging solutions.

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Key players

Some of the players in the global Security Envelopes market are WestRock Company, Blake Envelopes Company, PAC National, Inc. Dynaflex Private Limited, Plaslope (PTY) Ltd., Dhwani Polyprints Pvt. Ltd., Ethical Polypaper Pvt. Ltd., JohnPac, Inc., and International Plastics, Inc.

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 categories such as market segments, geographies, type of product and applications.

The report covers exhaust analysis on

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

Author:

About Future Market Insights (FMI)

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Nandini Singh Sawlani

Co-Extruded Films Market Poised for Growth, Projected to Reach US$ 11.85 Billion by 2032

The global co-extruded films market is set to witness robust growth, with projections indicating an average Compound Annual Growth Rate (CAGR) of 5% during the forecast period. According to market analysis, the co-extruded films market size is anticipated to reach US$ 7.27 billion in 2022 and is expected to surpass US$ 11.85 billion by 2032.

In response to this promising trajectory, key players in the co-extruded films market are intensifying their focus on strategic initiatives aimed at enhancing market position. These initiatives include product offerings, mergers & acquisitions, latest developments, strategic partnerships, and collaborations.

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One notable trend within the industry involves strategic partnerships with leading film producers, particularly in burgeoning markets like India. Collaborations between major players are poised to significantly bolster market share, with both parties leveraging their respective strengths to drive innovation and market penetration.

Innovations in product offerings further underscore the dynamism within the co-extruded films market. Recent introductions include new products featuring enhanced usability, with simplified opening mechanisms and a diverse range of sizes and gauges to cater to varying consumer needs.

Moreover, there is a growing emphasis on sustainability initiatives within the industry, with competitors joining forces to launch recycling programs aimed at recovering used agricultural films. By repurposing recovered materials, players are not only contributing to environmental conservation but also meeting consumer demand for eco-friendly packaging solutions.

Strategic acquisitions remain a key strategy for market players seeking to expand their manufacturing footprint and solidify their position in the rapidly evolving co-extruded films market. Recent acquisitions have facilitated significant expansion, enabling companies to capitalize on the growing demand for multi-layer co-extrusion technology across various regions.

Industry Trends in Co-Extruded Films Market:

Sustainability Emphasis: Increasing demand for eco-friendly packaging solutions is driving the adoption of co-extruded films made from recyclable and biodegradable materials.
Advanced Barrier Properties: Growing requirements for extended shelf life and enhanced product protection are fueling the development of co-extruded films with superior barrier properties, such as oxygen and moisture resistance.
Customization and Flexibility: Manufacturers are focusing on offering customizable co-extruded films to meet diverse packaging needs, including tailored thickness, size, and barrier properties, catering to various industries such as food, pharmaceuticals, and electronics.
Technological Advancements: Ongoing advancements in co-extrusion technology are leading to the production of films with improved strength, clarity, and printing capabilities, enabling higher efficiency and better performance in packaging applications.
Global Market Expansion: The co-extruded films market is experiencing significant growth globally, driven by the increasing demand for packaged goods across various sectors, particularly in emerging economies, where rapid urbanization and changing consumer preferences are boosting the demand for flexible packaging solutions.

Business Growth Opportunities in Co-Extruded Films Market:

Product Diversification: Companies can capitalize on the growing demand for specialized co-extruded films by expanding their product portfolios to include films tailored for specific applications, such as food packaging, medical devices, or industrial products.
Partnerships and Collaborations: Collaborating with material suppliers, packaging manufacturers, and technology providers can enable businesses to access new markets, leverage complementary expertise, and accelerate product development, enhancing their competitiveness in the co-extruded films market.
Investment in Research and Development: Investing in R&D activities aimed at developing innovative co-extruded film formulations, manufacturing processes, and applications can help companies stay ahead of competitors, meet evolving customer requirements, and create unique value propositions.
Geographical Expansion: Expanding into new geographical regions with growing demand for flexible packaging solutions presents opportunities for businesses to capture untapped market segments and diversify their customer base, thereby stimulating revenue growth and market share expansion.
Focus on Sustainability: Embracing sustainable practices throughout the supply chain, from sourcing raw materials to manufacturing processes and end-of-life disposal, can position companies as environmentally responsible partners of choice for customers seeking eco-friendly packaging solutions, driving business growth and brand reputation.

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Key Players

Some key players of co extruded films market are Winpak Ltd., Sealed Air Corp, Amcor Limited, Berry Plastics, 3M Company, Bemis Company, Inc., Huhtamäki Oyj, Ampac Holdings, LLC, Smurfit Kappa Group, Sonoco Products Company, etc.

The 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
The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

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Market Segmentation:

Based on the type of material type,

PE
PP
EVOH
PVDC
PET
PA
Others

Based on the type of layer type,

3 layer
5 layer
7 layer
9 layer

Based on end-use industries,

Food & Beverage
Pharmaceuticals
Healthcare
Dairy
Others

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 based on Source, Application, Sales Channel and End Use over the next 10 years.

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