Tile Adhesive Market Forecasted to Hit US$ 5.2 Billion by 2033: Insights from FMI

The global tile adhesive market is anticipated to attain a valuation of US$ 2.67 billion in 2023 and is expected to reach US$ 5.2 billion by 2033, exhibiting a CAGR of 6.9% during the forecast period.

The rising number of commercial and residential development and renovation projects worldwide is expected to drive the demand for flooring, consequently increasing the demand for tile and stone adhesives. Additionally, government initiatives aimed at promoting industrial expansion, tourism, and development are further expected to contribute to market growth. For instance,

The government of India has committed to investing US$ 1.4 trillion in the National Infrastructure Pipeline (NIP) by 2030, with 16% allocated for urban infrastructure.

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In the past decade, the demand for open spaces like outdoor hotels, cafes, play arenas, swimming pools, and lounges has surged. These spaces are designed to be visually appealing and captivating. Luxurious ceramic tiles, stones, and marble flooring are commonly used in their construction.

The thriving tourism sector has led to significant growth in the hotel and accommodation industry. Also, the demand for tile adhesives is expected to be fueled by the increased demand for tiles in the development of such areas.

The urbanization trend in developing countries, driven by employment opportunities and a higher quality of life, leads to increased infrastructure construction. This, in turn, boosts the demand for tile and stone adhesives, specifically ceramic tile adhesives.

Various regions experience significant development in civic infrastructure. Governments of developing countries like India are actively promoting the construction industry, such as through schemes like ‘Pradhan Mantri Awas Yojna’, a subsidy program for first-time homebuyers. These initiatives stimulate residential construction demand and drive the market for ceramic tile and stone adhesives.

Key Takeaways

  • The market in China is anticipated to expand with a CAGR of 8.1% during the forecast period.
  • The demand for tile adhesive in the United States is projected to expand with a significant CAGR of 6.7% from 2023 to 2044.
  • By end-use, the residential construction segment is expected to record a CAGR of 7.9% between 2023 and 2033.
  • Germany is expected to create demand for tile adhesives with a CAGR of 6.4% during the forecast period.

Increasing demand for luxury homes in urban areas and rising migration from rural areas to urban cities is expected to boost the demand for tile adhesives during the forecast period – comments an FMI Analyst

Competitive Landscape

The market for tile adhesives is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.

The key industry players working in the market are 3M Company, Henkel AG, Illinois Tool Works (ITW Plexus), Huntsman, Ashland, Sika, H.B. Fuller, Royal Adhesives, Uniseal, Ellsworth Adhesives, Bickers Klebetechnik GmbH, wedi GmbH, 1a Bauchemie GmbH, AB BECHCICKI Sp, and Akzo Nobel Deco GmbH.

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Recent Developments in the Tile Adhesive Market

  • On January 24, 2022, Sika AG introduced their revolutionary No-Slake tile adhesives. When combined with SikaTile’s Dustless Technology, professional tile installers can significantly reduce installation time on every project.
  • In March 2022, Bostik finalized a distribution agreement with DGE for Europe, the Middle East, and Africa. The agreement, effective since January 2022, covers the distribution of Born2BondTM engineering adhesives for precise bonding applications in industries like automotive, electronics, luxury packaging, medical devices, and MRO.
  • In February 2022, Arkema successfully acquired Ashland’s Performance Adhesives business, a leading provider of high-performance adhesives in the United States.

Key Segmentation

By Type:

  • Cementitious
  • Dispersion
  • Reaction Resin

By Application:

  • Wall
  • Floor
  • Ceiling
  • Others

By End Use:

  • Residential
  • Commercial
  • Industrial and Institutional

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Stainless Steel Market Set to Surge US$ 215.89 billion by 2033, Driven by Infrastructure, Housing, and Diverse Applications

Stainless Steel Market
Stainless Steel Market

According to Future Market Insight’s projections, the global stainless steel market is anticipated to reach a remarkable milestone, with a value of US$ 215.89 billion by 2033. This projected value is substantially higher than its estimated worth of US$ 126.38 billion in 2023. This growth trajectory reflects a robust CAGR of 5.5%.

Investments in infrastructure and housing projects are set to boost the demand for stainless steel. As a versatile material, stainless steel witnesses surging demand across industries like construction, automotive, aerospace, electronics, and healthcare. Stainless steel’s advantages over carbon steel, such as flexibility, strength, corrosion resistance, aesthetic appeal, low maintenance cost, and long product life cycle, are projected to drive market growth. The upswing in these sectors, especially in emerging markets, propels the development of the stainless steel market.

As urban centers expand and populations soar in developing regions, the need for stainless steel products in residential, commercial, and transportation projects rises accordingly. Stainless steel’s exceptional corrosion resistance positions it as the material of choice for marine, chemical, and water treatment applications, further fueling its demand. With an upsurge in manufacturing across multiple industries, stainless steel becomes indispensable for machinery, equipment, and industrial applications.

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The market is set to grow significantly in the construction industry due to increased usage, presenting lucrative opportunities. Stainless steel has become more accessible and cost-effective as technology has improved its corrosion resistance and durability. The rise in construction projects, both commercial and residential, and infrastructural endeavors are likely to contribute to the increased demand for stainless steel during the forecast period.

The booming automotive industry is driving the demand for stainless steel due to its exceptional corrosion resistance, high strength, and heat resistance. These qualities make it ideal for various automotive components like seatbelt springs and hose clamps. Ongoing technological advancements in the automotive sector, especially in electric vehicles, are further fueling the adoption of stainless steel. Consequently, the growing demand from automobile manufacturers is expected to propel the stainless steel market growth significantly.

The market witnesses an upswing in specialized stainless steel grades tailored for specific applications, such as duplex stainless steel for offshore oil and gas industries and super-austenitic stainless steel for extreme corrosion environments. The aerospace industry gravitates toward lightweight stainless steel materials to enhance fuel efficiency and reduce emissions. In the food and beverage sector, the hygienic properties and ease of cleaning offered by stainless steel make it the top choice for equipment and containers used in food processing.

The market is likely to experience significant growth during the projected period due to the increasing technological advancements aimed at producing sustainable stainless steel. Global megatrends like mobility, urbanization, population, and economic development, and the impact of climate change drive this growth. Additionally, rising CO2 emissions have spurred steel producers to seek eco-friendly alternatives that are durable and recyclable at the end of their lifecycle.

The stainless steel market benefits from its eco-friendly nature, boasting high recyclability and an extended life cycle. This attracts environmentally conscious consumers and industries alike. The push toward sustainability and recycling opened opportunities for companies engaged in stainless steel recycling and processing. Continuous research and development of novel stainless steel alloys with enhanced properties present lucrative prospects to address specific and demanding applications.

Key Takeaways from the Stainless Steel Market

  • The stainless steel industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 4.9% through 2033, driven primarily by the country’s increasing investments in infrastructure projects and the growing demand for stainless steel products in the automotive sector.
  • In 2022, the United States held an 8.8% share of the global stainless steel industry, with a significant contribution driven by the country’s robust manufacturing sector and the consistent demand for stainless steel in construction projects, particularly in the booming infrastructure and real estate markets.
  • With a CAGR of 6.1% over the forecast period, India is predicted to develop rapidly in the stainless steel industry, propelled by the country’s ambitious government initiatives to boost infrastructure and construction projects, along with increasing demand for stainless steel in automotive, aerospace, and consumer goods manufacturing sectors.
  • In 2022, Japan held a 13.4% share of the global stainless steel industry, driven by its advanced technological innovations, strong export-oriented manufacturing sector, and growing demand in construction and engineering industries.
  • The stainless steel industry in China is poised to experience rapid growth, registering a CAGR of 5.7% over the forecast period, primarily fueled by the country’s massive infrastructure projects, rising demand in manufacturing and construction, and strong global trade presence.
  • In 2022, Germany accounted for 5.3% of the global stainless steel industry, with its position bolstered by the country’s highly developed engineering and automotive sectors, along with a focus on technological advancements and precision manufacturing.

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Competitive Landscape in the Stainless Steel Market

Key players are actively engaged in various strategies to maintain and expand their market presence. This includes:

  • investing in research and development to enhance product quality and efficiency
  • strategically acquiring or partnering with regional companies to strengthen their market position
  • adopting sustainable practices to meet increasing environmental demands

These players are closely monitoring technological advancements and consumer trends to stay competitive and meet evolving customer needs.

Recent Developments by Key Players

  • In September 2022, Outokumpu introduced Circle Green, a novel line of sustainable stainless steel. It boasts an impressive carbon dioxide footprint that is 92% lower than the global industry average.
  • In December 2021, Jindal Stainless introduced India’s inaugural branded stainless steel variant of chequered sheets designed for various applications, including the transport and infrastructure industries.

Leading Key Companies in the Stainless Steel Market

  • Outokumpu
  • Acerinox
  • Yieh United Steel Corp.
  • Baosteel Group
  • Aperam
  • Jindal Stainless Limited
  • Gerdau
  • Vallourec
  • Others

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Soft Tissue Repair Market Projected Surge to a Staggering US$ 10,814.7 Million Valuation by 2033

The soft tissue repair market has experienced substantial growth in recent years, driven by the increasing incidence of soft tissue injuries, the growing aging population, and advancements in medical technology. Soft tissue repair refers to the restoration of damaged or injured soft tissues, such as tendons, ligaments, and muscles, through surgical or non-surgical interventions. These procedures aim to promote healing, reduce pain, and restore function to the affected area.

The global soft tissue repair market is expected to be worth US$ 6.61 billion in 2022 and to grow at a CAGR of 5.8% between 2022 and 2032. By 2032, sales in the market are expected to reach US$ 11.66 billion. North America dominated the global soft tissue repair market by region in 2021, with a demand share of 34.2%.

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Soft tissue repair refers to a procedure restoring injured or damaged tissue like ligaments, muscle, and various other tissues. The soft tissues could be damaged due to strain, tearing of ligament, or damage to the tendons. Biological materials like xenografts, allografts, synthetic mesh act as soft tissue repair products.

With increasing awareness regarding soft tissue repair products, the soft tissue repair market is bound to grow on an exorbitant note going forward. Also, the fact that almost 409K injuries were revolving around exercise equipment in the year 2021 can’t be ignored. Timely repair of soft tissue could avoid amputations.

In such cases, diabetic patients need to be vigilant on continuous basis. This could thus avoid the worst things like osteoarthritis, peripheral vascular disease, and diabetes-related gangrene. Future Market Insights has walked through these facts and findings with future prospects in its latest market study entitled ‘Soft Tissue Repair Market’.

Key Takeaways:

  • North America holds a significant market share. This could be credited to the US being subject to prevalence of common and chronic conditions like diabetes, sports injuries, and various others.
  • Europe stands second on the analogous grounds.
  • Coming to the Asia-Pacific, China leads from the front with rising demand for medical assistance; namely hip reconstruction, elbow reconstruction, and knee reconstruction. India is expected to follow suit. Also, the country is witnessing road traffic accidents at an alarming rate. The Indian Head Injury Foundation has asserted that almost 60% of the injuries caused due to road mishaps result in traumatic brain injuries. Also, ~65% of the adolescent athletes herein suffer from sports injuries. As such, there would be nothing to stop the soft tissue repair market from growing in the forecast period.

Competitive Landscape :

  • Smith & Nephew, in January 2021, completed acquisition of the Extremity Orthopedics arm of Integra LifeSciences Holdings Corporation.
  • BD, in December 2021, did acquire Tissuemed, Ltd. with the objective of complementing the former’s product portfolio by addition of a widely applicable surgical sealant to its biosurgery products.
  • Zimmer Biomet, in January 2021, acquired Relign, so as to aid in filling a vital gap with respect to the business of sports medicines.
  • Becton, Dickinson and Company, in July 2021, announced that it had acquired Tepha, Inc., so that it could explore the arena of proprietary resorbable polymer technology.
  • Aroa Biosurgery, in April 2021, did announce that it had obtained clearance from the US FDA for its Myriad Morcells. This myriad matrix’s powdered format does help to heal complex wounds.
  • Smith and Nephew, in February 2019, tabled the Double ENDOBUTTON Fixation Device. It was waiting for clearance from the US FDA till then. The basic purpose of this device is that of treating anterior glenoid bone loss by following bone block procedure (autograft or allograft) or Latarjet.
  • Medtronic’s Dextile Anatomical Mesh, in December 2019, did receive approval from the US FDA. It comes across as a hernia repair mesh that makes provisions for a broad coverage of myopectineal orifice for minimizing risk pertaining to recurrence and maintaining shape post passage of trocar.

Key Companies : 

  • B. Braun Melsungen AG
  • Baxter
  • C. R. Bard, Inc.
  • Smith & Nephew
  • Johnson & Johnson Services Inc.
  • Stryker
  • Medtronic
  • Acera Surgical Inc.
  • Arthrex Inc.
  • Integra LifeSciences
  • ACELITY L.P. Inc.
  • AROA BIOSURGERY LIMITED
  • Becton, Dickinson and Company
  • CONMED
  • Human Regenerative Technologies, LLC
  • BioCer Entwicklungs-GmbH
  • Betatech Medical

“The fact that exploding geriatric population is at a greater risk of injuries related to soft tissue is expected to keep the cash registers ringing for soft tissue repair market in the forecast period”, says an analyst from Future Market Insights.

What does the Report project?

  • The research study is based on product (synthetic, allograft, xenograft, and alloplast), by application (breast reconstruction, hernia, dermatology, orthopaedics (sports medicine, dural repair, and others), dental problems, vaginal sling, and others), and by end-user (hospitals, Ambulatory Surgical Services, and clinics).
  • With growing number of orthopaedic surgeries coupled with traumatized patients, the global soft tissue repair market is slated to do wonders in the forecast period.

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Key Segments:

By Product:

  • Synthetic
  • Allograft
  • Xenograft
  • Alloplast

By Application:

  • Breast Reconstruction
  • Hernia
  • Dermatology
  • Orthopaedics
    • Sports Medicine
    • Dural Repair
    • Others
  • Dental Problems
  • Vaginal Sling
  • Others

By End User:

  • Hospitals
  • Ambulatory Surgical Services
  • Clinics

By Region:

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

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

 

About Future Market Insights (FMI)

 

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

 

Contact Us:        

 

Nandini Singh Sawlani   

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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Innovative Printing Techniques Fuel Surge in Heat Transfer Film Market, Projections Point to US$ 4.4 billion Valuation by 2034 | FMI

Heat Transfer Film Market
Heat Transfer Film Market

According to Future Market Insights, the heat transfer film market is expected to reach US$ 2.6 billion in 2024, with a CAGR of 5.6% between 2024 and 2034. This dry printing technique, commonly used in the textile industry, transfers ink pigment and a metalized layer to a product. With increased usage in the textile industry, the market is projected to reach a value of US$ 4.4 billion by 2034.

The market expansion for heat transfer film is driven by increasing demand in industrial applications for finished goods with resistance qualities such as color, scrub, scratch, high temperature, solvent resistance, and reduced cost. The efficacy and efficiency of these films also contribute to their market worth. The packaging industry’s rapid growth and efforts to limit non-biodegradable materials also contribute to the market growth of heat transfer film.

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The growing need for heat transfer film from sectors including automotive, electronics, textiles, and packaging has led to a notable rise in their use. The special qualities and adaptability of heat transfer films, which make them popular for various applications in the areas mentioned above, are responsible for this increase in demand. The increasing need for effective and affordable solutions in the global market is directly responsible for the expanding acceptance of heat transfer film.

Advancements in film materials and printing techniques have revolutionized the performance and versatility of heat transfer film. With the introduction of cutting-edge technologies, heat transfer film can now adapt to a wide range of applications, offering exceptional durability, vivid colors, and enhanced image clarity. From sportswear to signage, the possibilities are endless, making heat transfer film a popular choice across various industries.

“The heat transfer film market has grown due to globalization, driving demand in various sectors, including healthcare, sporting goods, and interior design. These transferable films provide new options for branding and personalization by imprinting graphics onto surfaces. They enable the production of medical wearables for the healthcare industry and can personalize sporting equipment such as shoes and helmets. Because of this diversity, the market for heat transfer film is one of the fastest-growing.” says the lead analyst at Future Market Insights

Key Takeaways from the Heat Transfer Film Market 

  • The United States heat transfer film industry is projected to experience a CAGR of 3.4% through 2034.
  • Germany’s heat transfer film industry is expected to demonstrate a CAGR of 3.0% through 2034.
  • The United Kingdom heat transfer film industry is anticipated to see a CAGR of 4.1% through 2034.
  • India’s heat transfer film industry is estimated to showcase a CAGR of 6.8% through 2034.
  • China’s heat transfer film industry is expected to display a CAGR of 5.8% through 2034.

Competitive Landscape of the Heat Transfer Film Market

Heat transfer film manufacturers are expected to shape the industry’s direction in the next decade. Market players are anticipated to invest in research and development to innovate and create new grades of heat transfer film. Sustainability-focused organizations are expected to lead in eco-friendly materials using recycled resources and green production techniques.

Expanding their presence in developing countries is expected to drive demand for heat transfer film and meet evolving industry and consumer demands. Companies utilizing advanced technology like compounding methods and additive manufacturing are likely to create new applications for heat transfer film. Market players are projected to promote cooperation and accelerate its use across various industries in the forthcoming decade.

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Recent Developments in the Heat Transfer Film Market

  • Qingchen Shen and his colleagues created new coatings in June 2023 that reflect sunlight and reduce the heat sent into space. These crystal films work better because they cool and reflect sunlight, unlike conventional coatings.
  • HeatCure, a transparent nanotechnology coating specialist, began operations in India in July 2023, emphasizing heat management solutions for glass doors, windows, and facades to provide comfortable, energy-efficient interior spaces.

Key Segments

By Material:

  • Polyurethane (PU) /PU Blends
  • PVC

By Substrate Material:

  • Cotton
  • Polyester
  • Cotton-Poly Blends
  • Others

By Product Type:

  • Opaque
  • Clear
  • Glossy & Metallic
  • Vented

By End-use Industries:

  • Textile
  • Food & Beverages
  • Healthcare
  • 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.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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North American Potassium Formate Market Set for 4.9% CAGR Growth: A Lucrative Opportunity for Diverse Industries

North America Potassium Formate Market
North America Potassium Formate Market

The North American potassium formate industry is poised for significant growth between 2023 and 2033, with a projected CAGR of 4.9%. Valued at US$ 225.8 million in 2023 and expected to reach US$ 364.3 million by 2033, the market’s expansion is fueled by diverse applications ranging from anti-icing operations in airport runways to water treatment plants. This chloride-free and environmentally safe element not only aids in impurity elimination through water molecules but also finds utility in industrial operations, chemical research, and crop fertilization, reflecting its versatility and widespread adoption across various sectors.

Moreover, the emergence of new brands offering different grades tailored for specific applications is poised to catalyze further market growth. Affordable pricing, effective packaging, and enhanced availability contribute to making potassium formate an increasingly attractive option for industries seeking sustainable solutions. With North America’s robust economic activities, ongoing innovations in agriculture, and the continued development of infrastructure, the potassium formate market is primed to witness sustained expansion in the coming years.

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 Key Takeaways

  1. The United States market leads the North American potassium formate market in terms of market share in North America. The United States region held a strong market share in 2022. The restoration of industrial research has led to the market’s success.
  2. The growth in this region is attributed to the higher industrial chemical research, expanding oil and gas companies, and higher demand for a constant supply of fuel. The increased number of runways in Airports has also increased the usage of potassium formate as it works as a de-icing solution for the runway base. North America’s market held a market share of 87.8% in 2022.
  3. Based on the product type, liquid potassium formate leads the market as it held a significant share of 58.9% in 2022. The growth is attributed to the high consumption and effective application in the oil and gas industry.
  4. Based on the application type, the drilling fluid segment leads the market as it held a prominent market share of 38.7% in 2022.

Competitive Landscape

The key vendors focus on application-specific grades and various product types with different prices. Also, the competitors merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

  • Cabot Corporation has introduced its clear, colorless liquid of potassium formate with low-temperature heat transfer fluid.
  • Dynalene HC/Potassium formate holds a capacity of performing to the optimum levels at any application down to –50 degrees F (-50 degrees C)

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Key Players Profiled in the Market

  • BASF SE
  • Evonik Industries
  • Honeywell International Inc.
  • Cabot Corporation
  • Addiction GmbH
  • Dynalene Inc.
  • Perstorp Holding AB
  • Gelest Inc.
  • Hawkins Inc.
  • Tomiyama Pure Chemical Industries
  • Industrial Chemical (ICL)
  • Tetra Technologies Inc.
  • Spectrum Chemical MFG Corp
  • Proviron

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Knee Reconstruction Devices Market Anticipating a Transformative US$ 13.0 Billion Landscape by 2033

The knee reconstruction devices industry is anticipated to reach US$ 8.5 billion by 2023 and grow at a 4.3% CAGR between 2023 and 2033 to reach US$ 13.0 billion by the end of 2033.

The knee reconstruction devices market is experiencing significant growth as the demand for knee replacement and reconstruction procedures continues to rise. This surge can be attributed to several factors, including an aging population, increasing cases of knee injuries, and advancements in medical technology.

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Knee reconstruction devices encompass many products, such as knee implants, instrumentation, and surgical techniques, designed to restore knee function and alleviate pain. These devices are crucial in improving the quality of life for individuals suffering from osteoarthritis and sports-related injuries. As innovation and research in the field continue to expand, the knee reconstruction devices market is expected to remain on a steady growth trajectory, offering new solutions to patients and healthcare providers alike.

One of the notable trends in the knee reconstruction devices market demand and development of minimally invasive surgical techniques and materials. These innovations aim to reduce surgical complications, shorten recovery times, and improve patient outcomes. Additionally, the market is witnessing increased investments in patient-specific knee implants and robotics-assisted surgery, enhancing precision and customization in knee reconstruction procedures.

As the global population ages and maintains active lifestyles, the demand for knee reconstruction devices will likely persist, making it a promising medical device sector. Overall, the Knee Reconstruction Devices Market is poised for sustained growth as it continues to evolve in response to the changing healthcare landscape and patient needs.

How are Healthcare Manufacturers Expanding Knee Reconstruction Devices Market?

Healthcare manufacturers are adopting various marketing strategies to expand the global market. Their innovative and unique designs meet patients’ requirements and improve knee-related problems. Some of these approaches by manufacturers are as follows:

Technological Advancements: Healthcare manufacturers invest heavily in research and development activities to enhance and offer advanced knee reconstruction devices. These advancements provide patients minimal recovery times, better outcomes, and increased durability.

Minimally Invasive Techniques: Key companies focus on developing techniques, including minimally invasive surgery, to reduce tissue trauma and ensure quick recovery.

Customized and Personalized Solutions: Manufacturers develop customized knee reconstruction devices by adopting 3D printing technologies for custom-made implants. These customized and personalized solutions improve patients’ treatment.

Expanded Indications: Key companies are expanding the global market by offering advanced knee treatment procedures for younger patients, less severe knee condition patients, and potential patient populations.

Global Market Penetration: Manufacturers are emerging worldwide due to the rapidly growing healthcare sector. The increasing demand for knee reconstruction devices for joint replacement procedures among patients fuels the global market.

Strategic Partnerships and Acquisitions: Manufacturers are gaining traction by adopting new technologies in the global market through acquisitions and partnerships. These manufacturers are expanding their portfolio to reach broader consumers.

Surgeon Education and Training: Manufacturers are developing advanced devices to provide better training and education to healthcare providers and surgeons. They create these devices by adopting the latest surgical techniques to ensure proper usage by healthcare providers.

Patient Awareness Campaigns: Key companies are growing awareness through initiative campaigns to educate patients about treatment options, benefits, knee conditions, and others.

Focus on Implant Longevity: Manufacturers enhance durability and longevity to reduce patients’ revision surgeries and enhance satisfaction.

“Knee reconstruction devices play a pivotal role in orthopedic surgery. These innovative devices are instrumental in restoring knee function and mobility, offering effective solutions for patients suffering from knee injuries or degenerative conditions, thereby shaping the landscape of orthopedic medicine.” – According to the Lead Analyst, Future Market Insights.

Key Takeaways: 

The global market is estimated to capture a valuation of US$ 13.0 billion with a CAGR of 4.3% by 2033.

In the historical period, the global market captured a CAGR of 2.8% between 2018 and 2022.

The United States is estimated to dominate the global market by capturing a share of 29.5% by 2033.

Germany is estimated to register a share of 8.1% in the global market during the forecast period.

Japan is predicted to secure a share of 5.0% in the global market during the forecast period.

With a CAGR of 4.4%, Australia is anticipated to drive the global market by 2033.

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Recent Developments in the Global Market:

In 2021, Johnson & Johnson Medical Devices Company announced that the FDA approved its newly launched VELYS Robotics solution for Knee treatment procedures.

Key Players:

  • Zimmer, Inc.
  • Stryker Corporation
  • DePuy Synthes
  • Smith & Nephew
  • Corin
  • United Orthopedic Corporation
  • Arthrex Inc.
  • Exactech Inc.
  • DJO Global
  • Japan Medical Dynamic Marketing
  • Tornier Inc.

Key Segmentation:

By Product:

  • Cemented Implants
  • Cementless Implants
  • Partial Implants
  • Revision Implants

By End User:

  • Hospitals
  • Orthopedic Clinics
  • ASCs

By Indication:

  • Osteoarthritis
  • Rheumatoid Arthritis
  • Trauma
  • Others

By Region:

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

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

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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Compostable Plastic Packaging Material Market is Projected to Reach at a US$ 3.1 Billion by 2033 | FMI

Compostable Plastic Packaging Material Market
Compostable Plastic Packaging Material Market

The global composite cardboard tubes market is anticipated to reach a valuation of US$ 1.7 billion in 2023, driven by growing demand for luxury packaging. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 6.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 3.1 billion by 2033.

One of the primary factors driving the growth of the composite cardboard tubes market include the rapid expansion of the e-commerce and online retail sector, which has created a surge in the demand for reliable and sustainable packaging solutions. Composite cardboard tubes offer excellent protection for delicate and fragile products during shipping and handling. They are an ideal choice for products such as cosmetics, personal care items, food items, and consumer electronics. The demand for composite cardboard tubes is expected to rise significantly, as e-commerce continues to thrive and consumers increasingly prefer online shopping.

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Another significant factor contributing to market growth is the growing emphasis on sustainable packaging, which has been driven due to the increasing environmental concerns and consumer awareness. Composite cardboard tubes, being made from renewable and recyclable materials, align with the principles of sustainability. The tubes can be easily recycled, reducing the carbon footprint and contributing to a circular economy. The composite cardboard tubes market is expected to experience sustained growth, as more companies and consumers prioritize sustainability.

Composite cardboard tubes provide an excellent platform for product branding and customization. They can be easily printed, labeled, or decorated with vibrant graphics and designs, enhancing product visibility and brand recognition. Customized composite tubes offer a unique and premium packaging solution that appeals to consumers and positively impacts purchasing decisions. The trend of personalized and branded packaging is gaining momentum, augmenting the growth of the market.

Key Takeaways from the Market Study

  • Global composite cardboard tubes market was valued at US$ 1.6 billion by 2022-end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 5.1%.
  • China is expected to hold a dominant CAGR of 7.5% during the forecast period.
  • By material type, the corrugated board segment is expected to constitute a CAGR of 5.9% in 2033.
  • On the basis of end-user industry, the food & beverage segment is expected to dominate the market with a CAGR of 5.8% in 2033.
  • From 2023 to 2033, composite cardboard tubes market is expected to flourish at a CAGR of 6.0%.
  • By 2033, the market value of composite cardboard tubes is expected to reach US$ 3.1 billion.

Innovative product applications, across the globe is a major factor that is expected to propel the growth of the composite cardboard tubes market in the near future, remarks an FMI analyst.

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Competitive Landscape

Prominent players in the Composite Cardboard Tubes market are Ace Paper Tube Corp, Smurfit Kappa Group, Valk Industries, Visican Ltd, Marshall Paper Tube Co., Inc., Chicago Mailing Tube Co., Paper Tubes & Sales, Heartland Products Group, and Darpac P/L, among others.

Recent Developments

  • In 2022, Smurfit Kappa Group, a leading provider of paper-based packaging solutions, announced the launch of its innovative composite cardboard tube packaging solution. The company introduced a range of sustainable composite tubes that offer enhanced strength, durability, and protection for a variety of products. The tubes are made from renewable materials and are fully recyclable, aligning with the company’s commitment to sustainability.
  • In 2021, Corex Honeycomb, a specialist in honeycomb core products, introduced composite cardboard tubes with honeycomb core technology. The technology enhances the strength and rigidity of the tubes while reducing their weight. The lightweight yet robust composite tubes offer excellent protection for products and are particularly suited for applications that require high strength-to-weight ratios.

More Valuable Insights Available

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

To understand opportunities in the composite cardboard tubes market, the market is segmented on the basis of material type (paperboard, and corrugated board), by end-use industry (food & beverages, cosmetics & personal care, and others), and by lid type (ring lid foil assembly, ring pull style, slip lid, and peel-off membrane), across five major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

The packaging team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Key Segments Profiled In The Global Composite Cardboard Tubes Market

By Material Type:

  • Paperboard
  • Corrugated Board

By End-use Industry:

  • Food & Beverages
  • Cosmetics & Personal Care
  • Others

By Lid Type:

  • Ring Lid Foil Assembly
  • Ring Pull Style
  • Slip Lid
  • Peel-off Membrane

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa (MEA)

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

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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Orthopaedic Bone Cement and Casting Materials Market Projected Growth of 5.30% by 2033

Future trends in the global orthopaedic bone cement and casting materials industry are also anticipated. In the upcoming years, it is anticipated that there will be a significant impact on the global market for orthopaedic bone cement and casting materials due to growing research and development activities in the field of orthopaedics and an increase in the use of casting materials to treat orthopaedic injuries.

In a recent global market study, the analysts of Future Market Insights examined the various factors impacting revenue growth of the global orthopaedic bone cement and casting materials market. An increasing prevalence of orthopaedic disorders and patient preference towards quality treatment for a better lifestyle are primarily responsible for fuelling market demand for orthopaedic bone cement and casting materials. The global orthopaedic bone cement and casting materials market is expected to enjoy a valuation of US$ 2.7 Billion in 2022. Sales in the market are projected to expand at a CAGR of 6.3% over the forecast period (2022 to 2032). Demand in the market is expected to surge by 2.1x, surpassing a valuation of ~US$ 5.1 Billion by 2032.

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Future Market Insights analysis reveals the various factors that are likely to boost the growth in adoption of orthopaedic bone cement and casting materials. A growing number of people suffering from bone diseases such as osteoporosis, an increasing number of sports injuries and accidents leading to fractures of the bone, and the availability of advanced treatment options for severe back pain are some of the factors likely to drive the market towards high revenue growth in the coming decade.

Global Orthopaedic Bone Cement and Casting Materials Market: Regional Analysis & Forecast

Future Market Insights has tracked the performance of the global orthopaedic bone cement and casting materials market across the key geographies of North America, Latin America, Western Europe, Eastern Europe, Japan, APEJ, and MEA. Unsurprisingly, North America is the dominant regional market with estimated revenues in excess of US$ 1,400 Million by the end of 2027, witnessing a CAGR of 5.1%. The APEJ orthopaedic bone cement and casting materials market is estimated to be valued at almost US$ 940 Million by the end of 2027, recording an impressive CAGR of 9.7% – the highest among all the regional markets. The Western Europe regional market is slated to register a CAGR of 7.1% during 2017 – 2027.

Global Orthopaedic Bone Cement and Casting Materials Market: Segmental Forecasts

Forecast by Product Type:

The global orthopaedic bone cement and casting materials market is segmented on the basis of product type into Bone Cement and Casting Materials. The Bone Cement segment is expected to be the most lucrative product type segment with an attractiveness index of 1.1 and a CAGR of 6.9% in terms of value.

Forecast by Application:

The global orthopaedic bone cement and casting materials market is segmented on the basis of application into Joint Arthroplasty, Trauma Cases, Sports Injury, Spine Surgeries, and Others. Joint Arthroplasty is the most lucrative segment by application and also the largest, estimated to reach a market valuation of US$ 1,458.6 Mn by the end of 2027, registering a CAGR of 7.3%.

Forecast by End User: 

The global orthopaedic bone cement and casting materials market is segmented on the basis of end user into Hospitals, Ambulatory Surgical Centres, and Orthopaedic Clinics. Hospitals is the largest end user segment, estimated to reach a market valuation of just under US$ 2000 Million and witness a growth rate of 7.0% between 2017 and 2027.

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Global Orthopaedic Bone Cement and Casting Materials Market: Competitive Landscape

  • DJO Global, Inc.,
  • Heraeus Holding,
  • Zimmer Biomet,
  • BeneCare Medical,
  • BSN medical,
  • Stryker,
  • 3M Health Care Ltd.,
  • DePuy Companies (Sub. Johnson & Johnson Services, Inc.),
  • Smith & Nephew Plc,
  • Exactech, Inc.,
  • Medtronic, Inc.,
  • Braun Melsungen AG,
  • Cook Medical,
  • SOMATEX® Medical Technologies GmbH,
  • TEKNIMED,
  • T-Tape Company B.V.,
  • Lohmann & Rauscher GmbH & Co. KG,
  • MIKA MEDICAL,
  • Össur,
  • Innovation Rehab LTD.

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

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
LinkedInTwitterBlogs | YouTube

Pallet Stretch Wrapping Machines Market is Expected to Grow at a CAGR of 4.3% by 2027 | FMI

Pallet Stretch Wrapping Machines Market
Pallet Stretch Wrapping Machines Market

The global pallet stretch wrapping machines market is valued at USD 412.5 Million in 2022 and is expected to reach USD 509.9 Million by 2027, at a CAGR of 4.3% from 2022 to 2027

The market for Robotic Pallet Wrapping Systems is driven by the growth of e-commerce and the increasing demand for automation in the logistics and supply chain industry. The rise of e-commerce has led to an increase in the number of small and medium-sized businesses that require efficient packaging solutions to ensure the safe delivery of their products to customers. The increasing demand for automation in the logistics and supply chain industry has also led to an increase in the adoption of Robotic Pallet Wrapping Systems, as they provide a high level of efficiency and accuracy.

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The market for pallet stretch wrapping machines is segmented based on machine type, application, and end-user industry. On the basis of machine type, the market is segmented into semi-automatic and automatic machines. Automatic machines are expected to dominate the market due to their high efficiency and accuracy. On the basis of application, the market is segmented into food and beverage, automotive, healthcare, and others. The food and beverage industry is expected to dominate the market due to the increasing demand for packaged food products. On the basis of end-user industry, the market is segmented into logistics and transportation, manufacturing, and others. The logistics and transportation industry is expected to dominate the market due to the increasing demand for efficient and cost-effective packaging solutions.

Geographically, the market for pallet stretch wrapping machines is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is expected to dominate the market due to the increasing adoption of automation in the logistics and supply chain industry in the region. The market in North America and Europe is also expected to grow due to the increasing demand for pallet stretch wrapping machines in the e-commerce and logistics industries.

In conclusion, the pallet stretch wrapping machines market is expected to grow significantly in the coming years due to the increasing demand for efficient and cost-effective packaging solutions. The market is driven by the growth of e-commerce and the increasing demand for automation in the logistics and supply chain industry. The market is segmented based on machine type, application, and end-user industry, with Asia Pacific expected to dominate the market. The major players operating in the market are focusing on strategic partnerships and collaborations to expand their market share.

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Pallet Stretch Wrapping Machines Market by Category

By Machine Type, Pallet Stretch Wrapping Machines Market is segmented as:

  • Automatic Pallet Stretch Wrapping Machines
  • Turntable
  • Ring
  • Robotic
  • Rotary Arm
    • Single Arm
    • Double Arm
  • Semi-Automatic Pallet Stretch Wrapping Machines
  • Turntable
  • Arm Wrapping
  • Specialty Pallet Stretch Wrapping Machines

By End Use, Pallet Stretch Wrapping Machines Market is segmented as:

  • Food & Beverage
  • Pharmaceuticals
  • Consumer Products
  • Automotive
  • Paper
  • Textile
  • Construction
  • Chemical

By Order Type, Pallet Stretch Wrapping Machines Market is segmented as:

  • Customized
  • Standard

The Key Players Are-

  • Hangzhou Youngsun Intelligent Equipment Co. Ltd.
  • Italdibipack S.p.A.
  • Fromm Packaging Systems, Inc.
  • Wulftec International Inc.
  • Atlanta Stretch Spa
  • Muller Load Containment Solutions
  • Arpac LLC
  • Robopac SPA
  • Phoenix Wrappers, Inc.

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

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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Water Soluble Pods Packaging Market is Expected to Reach at a US$ 1.2 Billion by 2033 | FMI

Water Soluble Pods Packaging Market
Water Soluble Pods Packaging Market

The global water soluble pods packaging market is anticipated to reach a valuation of US$ 284.7 billion in 2023, driven by growing demand for sustainable packaging. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 16.4% between 2023 and 2033, and reaching a total valuation of approximately US$ 1.2 billion by 2033.

One of the primary factors contributing to the growth of the water soluble pods packaging market is the increasing consumer demand for convenient and eco-friendly packaging. In today’s fast-paced world, consumers seek products that provide convenience and ease of use. Water soluble pods offer a hassle-free solution, allowing users to simply drop a pod into water, where it dissolves and releases its contents. The eliminates the need for measuring or handling messy liquids or powders. The convenience factor of water soluble pods appeals to busy consumers who value time-saving and efficient packaging solutions.

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Another significant factor contributing to market growth is the growing environmental consciousness among consumers has significantly impacted their purchasing decisions. There is a rising demand for eco-friendly packaging alternatives that reduce plastic waste and minimize the environmental footprint. Water soluble pods align with this demand as they are typically made from biodegradable materials, such as polyvinyl alcohol (PVA), that dissolve completely in water without leaving harmful residues. The eco-friendly attribute makes water soluble pods a viable option for reducing plastic pollution and promoting sustainability in packaging.

A significant factor driving the growth of the water soluble pods packaging market is the increasing emphasis on sustainable packaging solutions by regulatory bodies and industry associations. Governments and organizations around the world are implementing stringent regulations and guidelines to promote sustainable packaging practices. Water soluble pods, with their biodegradable composition and reduced plastic waste, offer a compelling solution to meet these sustainability requirements. Businesses, as a result, are increasingly adopting water soluble pods to align with regulations and demonstrate their commitment to environmental stewardship.

Key Takeaways from the Market Study

  • Global water soluble pods packaging market was valued at US$ 244.6 billion by 2022-end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 9.5%.
  • The United States is expected to hold a dominant CAGR of 16.3% during the forecast period.
  • By material, the Poly Vinyl segment is expected to constitute a CAGR of 5.1% in 2033.
  • On the basis of end-user industry, the detergents segment is expected to dominate the market with a CAGR of 16.1% in 2033.
  • From 2023 to 2033, water soluble pods packaging market is expected to flourish at a CAGR of 16.4%.
  • By 2033, the market value of water soluble pods packaging is expected to reach US$ 1.2 billion.

Technological advancements in the packaging machinery, across the globe is a major factor that is expected to propel the growth of the water soluble pods packaging market in the near future, remarks an FMI analyst.

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Competitive Landscape

Prominent players in the water soluble pods packaging market are Aicello Corporation, Mitsubishi Chemical Corporation, MonoSol, LLC, and Sekisui Chemical Co., Ltd., Plasticos Hidrosolubles S.L, Mondi Group Plc, Arrow Greentech Limited, and Cortec Corporation have also made significant contributions. Guangdong Proudly New Material Technology Corp., Aquapak Ltd., Soltec Development SAS, Noble Industries, Jiangmen Cinch Packaging Materials Co., Ltd., Changzhou Water Soluble Co., Ltd., Fujian Zhongsu Biodegradable Films Co., Ltd., Solupak Ltd., Amtrex Nature Care Pvt. Ltd., MSD Corporation, and White Industries, among others.

Recent Developments

  • In September 2021, Xeros Technology Group, a company focused on sustainable technologies, unveiled water-soluble laundry detergent pods. The pods are designed for use in commercial laundry operations and dissolve during the washing process, eliminating the need for plastic detergent bottles. The company aims to reduce plastic waste in the laundry industry.
  • In August 2021, Kao Corporation, a leading consumer goods company, introduced water-soluble packaging for its laundry detergent pods. The packaging dissolves completely in water, providing a convenient and eco-friendly solution for consumers. Kao Corporation aims to promote sustainable laundry practices and reduce plastic waste.
  • In June 2021, Solublue, a French start-up, developed water-soluble packaging for single-use cutlery. The packaging is made from natural ingredients and dissolves in water, eliminating the need for plastic utensils and reducing waste. Solublue aims to offer a sustainable alternative for take-out and food service industries.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global water soluble pods packaging market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the water soluble pods packaging market, the market is segmented on the basis of material (poly vinyl alcohol), by product type (single layer water pods, dual layer water pods, and multi chamber water pods), by end-user industry (plastic, metal, paper, fabric, ceramic, and others), and by end-use (detergents, hand wash, dish wash, and others (shaving creams), by thickness type (below 30 micro meter, 31-60 micro meter, and 61 micro meter thickness), across five major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

The packaging team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Key Segments Profiled In The Global Water Soluble Pods Packaging Market

Material Type:

  • Poly Vinyl Alcohol

Product Type:

  • Single Layer Water Pods
  • Dual Layer Water Pods
  • Multi Chamber Water Pods

End Use:

  • Detergents
  • Hand Wash
  • Dish Wash
  • Others (Shaving Creams)

Thickness Type:

  • Below 30 Micro Meter
  • 31-60 Micro Meter
  • 61 Micro Meter Thickness

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa (MEA)

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

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
LinkedInTwitterBlogs | YouTube