Market Research Blog – Page 3583 – New Product Development

Global Paediatric Influenza Treatment Industry Poised for 3.5% CAGR Advancement, Aiming at US$ 847.7 Million by 2032 | FMI

The Global Paediatric Influenza Treatment Industry is on the brink of a significant evolution, projecting a remarkable surge from US$ 578.2 million in 2022 to an impressive US$ 847.7 million by 2032. Fueled by a robust Compound Annual Growth Rate (CAGR) of 3.5% over the forecast period from 2022 to 2032, this growth paints a promising picture for the industry’s future.

The forecast indicates that developed markets are poised to experience the swiftest growth in revenue generation, outpacing their developing counterparts. The disparities in awareness levels, particularly in less developed countries, underscore the critical need for advancements in pediatric influenza treatment. The correlation between awareness and mortality rates highlights the urgency of establishing a robust market with innovative treatments.

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Influenza is also known as the flu. It is a sickness caused by a respiratory infection. The disease can spread quickly through groups as the infection is passed from individual to individual, especially children. Mainly caused by influenza A or influenza B virus, which happens in outbreaks worldwide consistently, primarily during the winter seasons in calm atmospheres. The disease goes ahead quick and is more exceptional than a cold. Children tend to feel more uncomfortable during the initial 2 or 3 days they’re affected.

Symptoms include high-grade fever up to 104 degrees F, chills and shakes during fever, extreme tiredness, headache and body aches, dry, hacking cough, vomiting and belly pain, and other symptoms. Flu causes an obvious infection trouble (e.g. school and expanded recurrence of outpatient therapeutic visits), and youngsters are critical vectors for the spread of ailment. Immunization is an essential general well-being measure for the anticipation of flu disease. However, professionally prescribed medications or antiviral medications additionally might be utilized for counteractive action in high-hazard patients who have not been inoculated or who may have an imperfect reaction to the immunization and can be utilized to treat flu or to prevent the flu in the pediatric influenza treatment market.

Treatment with antiviral therapeutic drugs may lessen additional serious influenza-related complications like pneumonia and hospitalizations. People can opt for approved antiviral medicines such as oseltamivir (Tamiflu) or zanamivir (Relenza). Other treatments proposed by healthcare professionals include plenty of rest, plenty of fluids, and usage of acetaminophen or ibuprofen to lower fever and ease aches.

Global Paediatric Influenza Treatment Industry: Drivers and Restraints

Antiviral prescriptions are viable for the counteractive action of flu, and, when utilized for treatment, can diminish the span and seriousness of the disease. Early antiviral treatment can decrease the danger of serious illness or death identified with flu. In any case, the development of imperviousness to at least one of the four authorized antiviral specialists (oseltamivir, zanamivir, amantadine, and rimantadine) among some flowing flu infection strains during the previous 5 years has confounded antiviral treatment and chemoprophylaxis suggestions.

Expanding indications of flu between the age group of 1 to 9 years coupled with a rise in the usage of antiviral drugs have added a major contribution to the overall growth of the market. Also rising approvals for medications such as Mainly three influenza antiviral medicines approved by the U.S. (FDA) are prescribed for use in the U.S. during the 2016-2017 flu season: oral oseltamivir (accessible as a generic drug or under the exchange name Tamiflu), zanamivir ( Relenza – trade name) and intravenous peramivir (trade name Rapivab).

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These medications are artificially related antiviral drugs known as neuraminidase inhibitors that have action against both influenza A and B infections. Late innovative headways in restorative antiviral drugs for treating different types of this sickness have additionally caused an expanded request worldwide, which will keep on contributing towards the development of pediatric influenza treatment during the forecast period.

However, there are factors such as a limited number of treatment options in developing economies coupled with the high very high cost of branded drugs, expensiveness, and inefficient usage of low-cost non-prescribed drugs, less availability of antiviral drugs with improper guidelines in various regions, and monopoly of few players, which have impeded the growth of the market.

Pediatric Influenza Treatment Industry: Region-Wise Outlook

North America region is expected to witness faster revenue growth in comparison with markets in other regions. The reasons for the same are higher infection rates amongst children, higher cost of antiviral drugs, and a large population of patients of young age (1-9 years) suffering from pediatric influenza.

Higher awareness levels among physicians and frequent publication of results of upcoming treatments tend to create a positive sentiment in the region, which is absent in other regions such as the Middle East Africa, and Asia. Considerable research efforts toward the development of novel vaccines/drugs and innovative medication regimens are factors expected to aid the revenue growth of the market over the forecast years.

Global Paediatric Influenza Treatment Industry Key Players

A few key players in the global cervical dysplasia treatment market are GlaxoSmithKline Plc., NATCO Pharma Limited., NESHER PHARMS, F. Hoffmann-La Roche Ltd, Atabay Kimya Sanayi ve Ticaret A.S., Cipla, Hetero Pharma, Teva Pharmaceutical Pvt. Ltd., and Olainfarm JSC.

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The report covers an exhaustive analysis on:

Market Segments
Market Dynamics
Historical Actual Market Size, 2012 – 2016
Market Size & Forecast 2017 to 2027
Supply & Demand Value Chain
Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Aircraft Refurbishing Market Drivers and Restraints

Regional analysis includes

North America
Latin America
Europe
Asia Pacific
Middle East & 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, macroeconomic 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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Global Paediatric Influenza Treatment Industry: Segmentation

Based on the treatment type

Adamantanes
Amantadine & Rimantadine
Neuraminidase Inhibitors
Oseltamivir & Zanamivir

Based on the end-user

Hospitals
Clinics

Report Highlights:

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

Author

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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Global Airless Packaging Market Soars to US$5.9 Billion in 2023, Forecasts US$9.5 Billion by 2033

The global airless packaging market is poised to achieve a valuation of US$ 5.9 billion in 2023, with a projected CAGR of 4.7% from 2023 to 2033. By the end of 2033, the market is anticipated to reach US$ 9.5 billion, representing a significant growth trajectory in the industry.

Cosmetic Brands Drive Demand

The increasing demand for airless packaging among numerous cosmetic brands is a key driver propelling sales in the airless packaging market. Cosmetic companies are increasingly adopting airless packaging for products such as serums, foundations, natural skin care creams, and anti-wrinkle solutions. These premium cosmetic products are often at risk of oxidation, making airless packaging a preferred choice to preserve product quality and freshness for an extended period.

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Long Shelf Life Requirements

Airless pump bottles are gaining popularity in the cosmetics industry due to their ability to provide a longer shelf life for cosmetic products. The shift from traditional dip tubes to airless, non-pressurized chambers has contributed to the rising demand for airless packaging. Consumers are also seeking products with fewer or no preservatives, making airless packaging ideal for organic and natural creams and serums. With airless packaging, products are fully dispensed, ensuring stability and freshness over time.

Growth Drivers in the Airless Packaging Industry:

Consumer Preference for Sustainable Packaging:

Growing awareness and concern about environmental sustainability are driving consumers and businesses to adopt eco-friendly packaging solutions, including airless packaging. This shift is pushing manufacturers to invest in innovative and sustainable packaging materials.

Increasing Demand for Premium Cosmetics and Skincare Products:

The beauty and personal care industry is witnessing a rising demand for premium products. Airless packaging is favored for its ability to preserve the integrity and effectiveness of high-end cosmetics and skincare formulations, contributing to the market’s growth.

Stringent Regulations on Product Safety and Contamination Prevention:

Regulatory bodies around the world are imposing strict guidelines on product safety and contamination prevention in the packaging industry. Airless packaging systems offer an effective barrier against external contaminants, meeting these regulatory requirements and driving their adoption.

Next-Generation Smart Packaging

The advancements in airless packaging technology are paving the way for next-generation smart packaging solutions. With features designed to maintain product integrity and freshness, airless packaging is poised to revolutionize the cosmetics industry and beyond.

Market Outlook

The airless packaging market is expected to witness robust growth, driven by the increasing demand for convenient and effective packaging solutions across various industries. As consumer preferences continue to evolve, the adoption of airless packaging is likely to surge, offering innovative solutions for preserving product quality and enhancing user experience.

Industry Trends in the Airless Packaging:

Customization and Personalization:

The trend of personalized and customizable packaging solutions is gaining momentum. Companies are adopting airless packaging with features like color customization, branding options, and unique designs to create a differentiated product presence on the market.

Integration of Smart Packaging Technologies:

Smart packaging, including features like RFID tags, QR codes, and NFC technology, is being integrated into airless packaging. This trend enhances product traceability, facilitates interactive consumer experiences, and provides valuable data for supply chain management.

Emphasis on Lightweight and Space-Efficient Designs:

The industry is witnessing a trend towards lightweight and space-efficient packaging designs. Airless packaging solutions are being optimized for reduced material usage, making them more sustainable and cost-effective while meeting the demand for compact and portable product packaging.

Rise of E-Commerce and Direct-to-Consumer Sales:

With the growing prominence of e-commerce and direct-to-consumer sales channels, airless packaging is becoming more crucial. Its protective properties ensure products remain intact during transportation, reducing the likelihood of damage and enhancing the overall customer experience.

Collaborations and Partnerships for Innovation:

Collaborations between packaging manufacturers, technology providers, and product brands are fostering innovation in the airless packaging market. These partnerships aim to create cutting-edge solutions that address specific industry needs and challenges, driving the market forward.

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

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Key Takeaways:

Heightened demand from different industry verticals, particularly the cosmetic sector, will strengthen the market.
The airless packaging market in the U.S. will acquire about 23.9% of the global market share by 2032.
China’s airless packaging market will expand 2.2 times the current value during 2022-2032.
Plastic airless packaging will witness heightened demand while accounting for 66.3% of the global market share.’
Airless bottles will grow at a standard 5.1% CAGR over the forecast period.

Competitive Landscape

Aptar Group Inc., Albea Beauty Holdings S.A., Silgan Holdings Inc., Lumson SPA, HCP Packaging, Quadpack Industries, Libo Cosmetics Company, Fusion Packaging, WestRock Company, ABC Packaging Ltd., Raepak Ltd., COSME Packaging, Eastar Cosmetic Packaging, Andler Packaging Group, and Cospack America Corp., among others are some of the major players in the airless packaging market profiled in the full version of the report.

Major market players are focusing on capacity expansion to cater to the growing demand. These organizations are investing more into the expansion of their current facilities, developing sustainable and innovative products to meet the elevated demand for sustainable packaging. Mergers, acquisitions, and collaborations are some other tactics employed by major businesses in the field.

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Airless Packaging Market Outlook by Category:

By Packaging Type:

Bottles
Jars
Tubes

By Material:

Plastic
Glass

By Dispensing Systems:

Pumps
Dropper
Twist & Clicks

By Region:

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

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 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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Global Ocular Tuberculosis Therapeutics Industry Targets a Noteworthy US$753.2 Million Valuation by 2032, Backed by a Resilient 5.8% CAGR | FMI Reports

The global landscape of ocular health is on the verge of a significant transformation, poised for a remarkable surge with the Global Ocular Tuberculosis Therapeutics Industry projected to reach a noteworthy US$753.2 million valuation by 2032. This forecast showcases a substantial increase from the US$405.0 million recorded in 2022, highlighting the industry’s impressive growth trajectory.

The driving force behind this extraordinary growth is the robust Compound Annual Growth Rate (CAGR) of 5.8%, as unveiled in a comprehensive forecast by industry analysts. This forecast not only underscores the industry’s resilience but also indicates a compelling demand for ocular tuberculosis therapeutics. This surge marks a pivotal shift in the global ocular health landscape.

Global Ocular Tuberculosis Therapeutics Industry: Overview: There are different mechanisms through which ocular tuberculosis may occur, involving the lid, conjunctiva, cornea, and sclera. In past years there has been a rise in the prevalence of tuberculosis owing to which there is an increasing government involvement and awareness programs.

The increased awareness of Ocular Tuberculosis Therapeutics and the active participation of government organizations is anticipated to drive the growth of the Ocular Tuberculosis Therapeutics market over the forecast. In April 2017, Cebu City Jail made HIV and tuberculosis testing mandatory for the inmates. To date, there are 135 inmates diagnosed with HIV and 32 with tuberculosis. Seventeen inmates have died due to various illnesses. Apart from some of the inmates already having tuberculosis or HIV, there is no proper medical check-up protocol when an inmate is transferred to the facility, and jail cells are congested.

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This lack of medical check-up protocol is expected to hinder the growth of the Global Ocular Tuberculosis Therapeutics Industry over the forecast period. Based on treatment type, the Global Ocular Tuberculosis Therapeutics Industry is segmented into First line treatment & Second line treatment. The second line of treatment for Ocular Tuberculosis Therapeutics includes Fluoroquinolones, Aminoglycosides, Cycloserine, Polypeptides, p-aminosalicylic Acid & Thioamides. Combination treatment for Ocular Tuberculosis is anticipated to witness significant growth in the overall Ocular Tuberculosis Therapeutics market.

Global Ocular Tuberculosis Therapeutics Industry: Drivers and Restraints
The primary driver of ocular tuberculosis therapeutics is the increasing number of cases in the population. For instance, according to the WHO 2015 report, there were 9,557 tuberculosis cases (a rate of 3.0 cases per 100,000 persons) in the United States, a 1.6% increase in the number of TB cases compared to cases reported in 2014. Moreover, regulatory reforms to support a regime or combination of drug treatment rather than a single medicine are also expected to boost the demand for the Global Ocular Tuberculosis Therapeutics Industry

In August 2016, the European Medicines Agency (EMA) launched a public consultation on revised guidance for companies developing new drugs to treat tuberculosis. EMA feels that the current treatment and the guidelines cannot address the problem as they are slow, complex, and lengthy and develop multiple drug-resistant tuberculosis. Tuberculosis is caused by a causative agent named Mycobacterium tuberculosis, which can lead to affecting any part of the body including the eye. When ocular tuberculosis is struck by mycobacterium tuberculosis it can affect any part of the eye including the superficial, intraocular, or area surrounding the eye.

With or without systemic involvement. Secondary ocular tuberculosis occurs due to the hematogenous spread from distant sites or sometimes by direct invasion from adjacent structures, like the sinus or cranial cavity. Posterior uveitis is the most common presentation of intraocular TB while it forms an initial presentation of extra-pulmonary dissemination of infection.

Ocular Tuberculosis Therapeutics Industry: Region-wise Outlook

In terms of geography, the ocular tuberculosis therapeutics market has been divided into seven regions including North- America, Eastern Europe, Western Europe, and Asia- Pacific excluding Japan, Japan Middle & Africa, and Latin America. North America Ocular Tuberculosis Therapeutics is expected to remain the dominating region while Asia Pacific Ocular Tuberculosis

Therapeutics is expected to emerge as the fastest-growing region. In the Asia Pacific region apart from the huge population base and the high prevalence rate of tuberculosis, there are research grants offered by the various organizations in Ocular Tuberculosis Therapeutics to bring in more product developments. Such investment is encouraging academic and corporate partnerships to focus on Ocular Tuberculosis Therapeutics development and commercialization. In June 2017, Dr Soumyava Basu received a grant of US$ 46,638 from the Department of Health Research (DHR) and the Indian Council of Medical Research (ICMR) to conduct a clinical trial on ocular TB research.

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Global Ocular Tuberculosis Therapeutics Industry: Key Market Participants

Some of the Global Ocular Tuberculosis Therapeutics Industry participants are AstraZeneca, Bayer HealthCare AG, Biological E, BioVersys, Cadila Pharmaceuticals, Concept Pharmaceuticals Ltd., Infectex, Johnson & Johnson, Labatec-Pharma SA, Lupin Pharmaceuticals Inc., Macleods Pharmaceuticals Ltd., Maneesh Pharmaceuticals, Novartis, Otsuka Novel Products, Pfizer, Pharmasyntez, Sandoz, Sanofi, Sequella, Inc., and Themis Medicare Ltd.

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

The report covers an exhaustive analysis on:

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

The regional analysis includes:

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

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Global Ocular Tuberculosis Therapeutics Industry: Segmentation

Based on treatment, the Global Ocular Tuberculosis Therapeutics Industry can be segmented as:

First line treatment
Rifampicin
Isoniazid
Ethambutol
Pyrazinamide
Second line treatment
Fluoroquinolones
Aminoglycosides
Cycloserine
Polypeptides
p-Aminosalicylic Acid
Thioamides
Combination Therapy

Based on end user, the Global Ocular Tuberculosis Therapeutics Industry can be segmented as:

Hospital
Clinics
Ambulatory Surgical Centers

Report Highlights:

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

Author

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)

Contact Us:

Nandini Singh Sawlani

Rising Medication Demand Propels Growth: Pharmaceutical Plastic Packaging Market Soars at 5.8% CAGR

The global pharmaceutical plastic packaging market is on track to achieve significant growth, with an estimated net worth of US$ 54,820.9 million in 2023. Projections suggest a robust CAGR of 5.8% between 2023 and 2033, culminating in a valuation of US$ 96,339.2 million by 2033.

Driving Factors: Pharmaceutical Industry Expansion and Chronic Disease Prevalence

The increasing development of medications and drugs worldwide, coupled with the rising prevalence of chronic diseases, is driving the adoption of pharmaceutical plastic packaging solutions. Pharmaceutical companies are investing in custom packaging solutions to meet export demands and ensure product safety and integrity.

Upward Trend in Market Growth

The pharmaceutical plastic packaging market is poised for continued growth from 2023 to 2033, driven by the escalating consumption of food supplements and growing health consciousness among consumers. The expanding pharmaceutical industry and ongoing research for new drugs are key factors fueling market growth.

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Plastic Bottles and Containers: Exponential Growth Opportunities

The introduction of plastic bottles and containers for pharmaceuticals, equipped with child-resistant caps and closures, presents significant growth opportunities for manufacturers. Child-safe packaging and contamination-free drug delivery are enhancing the demand for plastic packaging solutions, especially for cannabis-based medicines.

Growth Drivers in the Pharmaceutical Plastic Packaging Industry:

Increasing Drug Production: The pharmaceutical industry is experiencing a surge in drug development and production, driving the demand for innovative and efficient packaging solutions to ensure product safety and compliance.
Stringent Regulatory Requirements: Growing regulatory requirements for pharmaceutical packaging, including child-resistant and tamper-evident features, are pushing companies to adopt advanced plastic packaging solutions that meet these standards.
Rising Healthcare Expenditure: As global healthcare expenditure continues to rise, there is a corresponding increase in pharmaceutical consumption. This growth in demand is propelling the need for packaging solutions that enhance drug stability, shelf life, and ease of use.
Focus on Patient Convenience: With a shift towards patient-centric healthcare, there is a growing emphasis on packaging designs that enhance patient convenience, such as unit-dose packaging, blister packs, and user-friendly features.
Advancements in Material Technology: Continuous innovations in plastic materials and packaging technologies, such as smart packaging with sensors for monitoring drug integrity, are driving growth in the pharmaceutical plastic packaging market.

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Innovation Quotient (IQ) Reshaping the Sector

Manufacturers are developing pharmaceutical packaging solutions with tamper-evident and anti-counterfeiting features, catering to the stringent requirements of the exporting sector. Biodegradable plastic packaging is emerging as a competitive edge, offering enhanced product differentiation.

Shift from Metal or Glass to Plastic Packaging

There is a noticeable shift in demand from glass to plastics-based medical packaging due to lower production costs, global availability, and the convenience, durability, flexibility, and sustainability offered by plastic materials. Sleeve labeling, a widely preferred option, is more convenient for use on plastics compared to glass.

Industry Trends:

Sustainable Packaging Solutions: The pharmaceutical industry is increasingly adopting environmentally friendly packaging materials and practices, driven by a global trend towards sustainability. This includes the use of recycled plastics, biodegradable materials, and reduced packaging waste.
Digitalization and Smart Packaging: Integration of digital technologies into pharmaceutical packaging, such as RFID tags and QR codes, enables improved traceability, anti-counterfeiting measures, and real-time monitoring of product integrity, contributing to enhanced safety and compliance.
Customization and Personalization: Growing demand for personalized medicine is influencing the development of customized packaging solutions. This includes packaging designs tailored to specific drug formulations, dosages, and patient needs.
Rise of Biopharmaceuticals: The increasing prevalence of biopharmaceuticals and biologics in the pharmaceutical industry is impacting packaging requirements. Plastic packaging solutions are evolving to address the unique challenges associated with storing and delivering these complex and sensitive products.
E-commerce Impact: The rise of online pharmacies and e-commerce in the pharmaceutical sector is influencing packaging trends. There is a growing need for packaging that not only ensures product safety during transportation but also provides a user-friendly experience for consumers receiving medications through online channels.

Key Companies Profiled

Gerresheimer AG
SCHOTT AG
Alpha Packaging Holdings Inc
Klöckner Pentaplast Group
Amcor Plc
Berry Global, Inc
Becton, Dickinson and Company
Parekhplast India Ltd
West Pharmaceutical Services, Inc
Wipak Group
Mondi Plc.
Sealed Air Corporation
Constantia Flexibles Group GmbH

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Key Segments Covered

By Product:

Plastic Bottles
Caps & Closures
Pre-fillable Inhalers
Pre-fillable Syringes
Ampoules & Vials
Blister Packs
Bags & Pouches
Jars & Canisters
Cartridges
Other Products

By Material Type

Polyethylene (PE)
Polypropylene (PP)
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Polyamide (PA)
Cyclo-olefin Polymer (COP)
Cyclo-olefin Copolymer (COC)
Other Materials

By Packaging Type:

Flexible Packaging
Rigid Packaging

By Drug Delivery Mode:

Oral Drug Delivery Packaging
Injectable Packaging
Topical Drug Delivery Packaging
Pulmonary Drug Delivery Packaging
Transdermal Drug Delivery Packaging
Ocular Drug Delivery Packaging
Nasal Drug Delivery Packaging
Other Drug Delivery Packaging

By Region:

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

Author

About Future Market Insights (FMI)

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

Collation Shrink Films Market Anticipates Remarkable Growth, Forecasted to Reach US$ 6.5 Billion by 2030

The global collation shrink films market is poised for significant growth, with projections indicating a robust CAGR of 5.9% between 2022 and 2030. By 2030, the market is anticipated to achieve a valuation of US$ 6.5 billion.

Rising Environmental Awareness Driving Market Dynamics

Consumers are actively seeking alternative packaging solutions in response to increasing environmental awareness and concerns regarding plastic usage. To address these demands, key players in the collation shrink films market are leveraging advanced technology to manufacture films using recyclable polymers with minimal carbon footprint.

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Next-Generation Technology Enhancing Sustainability

The adoption of next-generation technology is a pivotal step in making collation shrink films greener and more environmentally friendly. Plastic packaging companies are striving to develop superior products while minimizing their carbon footprint. Leading companies like Dow and Coveris are spearheading efforts in this direction.

Dow is utilizing recycled post-consumer plastic resins in the production of collation shrink films, contributing to a more sustainable product lifecycle. Meanwhile, Coveris has introduced Duralite™ R, a revolutionary product range for collation shrink films. Duralite™ R incorporates 50% post-consumer recyclate and pre-consumer top-up material, positioning it as a next-generation shrink film with enhanced sustainability credentials.

Growth Opportunities in Collation Shrink Films Market:

E-commerce Packaging Surge: The growing trend of online shopping is driving demand for efficient and visually appealing packaging solutions, presenting a significant growth opportunity for collation shrink films in packaging applications for e-commerce.
Sustainable Packaging Demands: Increasing awareness about environmental issues is pushing the industry towards sustainable packaging solutions. Collation shrink films that are eco-friendly and recyclable present a substantial growth avenue as companies seek more sustainable alternatives.
Technological Advancements: Continuous innovation in film manufacturing technologies, including improved material formulations and enhanced processing techniques, provides an opportunity for the development of high-performance collation shrink films, meeting evolving industry requirements.
Globalization and Supply Chain Efficiency: As businesses expand globally, the demand for streamlined supply chains and efficient logistics increases. Collation shrink films play a crucial role in optimizing packaging processes, reducing shipping costs, and ensuring product integrity, making them integral to global supply chain strategies.
Diverse End-Use Applications: Collation shrink films find applications across various industries, such as food and beverage, pharmaceuticals, and consumer goods. Diversification into new and emerging markets within these sectors offers growth potential for manufacturers and suppliers of collation shrink films.

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Market Outlook and Future Prospects

As the global collation-shrink films market continues to evolve, sustainability will remain a key focus area for industry players. The adoption of next-generation technology and the integration of recycled materials underscore a commitment to environmental responsibility and eco-friendly packaging solutions.

Industry Trends in Collation Shrink Films Market:

Focus on Bio-Based Materials: The industry is witnessing a trend towards the use of bio-based and biodegradable materials in collation shrink films, aligning with the broader sustainability movement and meeting consumer preferences for eco-friendly packaging.
Smart Packaging Integration: Incorporating smart packaging technologies, such as RFID and QR codes, into collation shrink films is a rising trend. This facilitates improved supply chain visibility, product authentication, and enhanced consumer engagement.
Thin Film Technology Advancements: Ongoing developments in thin film technology contribute to the production of thinner yet high-performance collation shrink films. This trend addresses the need for reduced material usage while maintaining packaging integrity and strength.
Customization and Branding: The market is experiencing a shift towards customizable and aesthetically appealing collation shrink films. Brands seek unique packaging designs that enhance product visibility on the shelf and contribute to brand recognition.
Regulatory Compliance and Safety: Increasing emphasis on regulatory compliance and product safety standards is shaping the industry. Collation shrink film manufacturers are aligning with regulations and investing in research and development to produce films that meet safety requirements across different industries.

Key Companies Profiled

Napco National
Scientex
MURAPLAST d.o.o.
Eurofilms Extrusion Limited
Bolloré Group
ITP – Industria Termoplastica Pavese
SABIC
Coveris Holdings SA
Tilak Polypack Pvt. Ltd
Polystar Plastics Ltd
Polipaks Ltd.
Plastotecnica SpA
Silvalac SA

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Key Segments Covered in Collation Shrink Films Industry Research

By Thickness:

Less than 25 Micron
25-50 Micron
51-100 Micron
Above 100 Micron

By Material:

Low Density Polyethylene (LDPE)
Linear Low Density Polyethylene (LLDPE)
Medium Density Polyethylene (MDPE)
High Density Polyethylene (HDPE)
Polypropylene (PP)
Others

By Application:

Bottles
Cans
Books & Magazines
Cartons
Others

By End-use:

Food & Beverages
Cosmetics
Personal Care & Home Care
Transport & Logistics
Pharmaceuticals
Printing & Publications
Others

By Region:

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

Author

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Continuous Inkjet Inks Market Surges: UV Curable Inks Adoption Trends Propel Growth to US$ 488.6 Million by 2030

The continuous inkjet ink market is witnessing substantial growth, with estimations at US$ 337.6 million in 2022. Projections indicate a steady CAGR of 4.7%, with the market expected to reach US$ 488.6 million by 2030.

Driving Forces: Packaging Industry Demand and Technological Advancements

The escalating demand for continuous inkjet printers across the packaging sector has spurred key market players to develop compatible inks tailored to the latest printing technologies introduced by renowned printer brands. These inks are particularly well-suited for high-speed applications and are instrumental in printing dates or codes on bottling lines, fueling their demand.

UV Curable Inks: A Growing Trend

A notable trend in the global continuous inkjet inks market is the increasing adoption of UV curable inks. Companies are actively producing UV curable inks for inkjet printers to ensure that exposure to UV rays does not compromise print quality. UV curable inks offer enhanced durability to inkjet printers, providing industries with adhesion to a wide range of substrates, both absorbent and non-absorbent.

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Benefits of UV Curable Inks

UV-cured inks are favored in industrial settings due to their rapid drying properties, extended print life, and environmental friendliness. These attributes contribute to heightened productivity in packaging processes, making UV-curable inks a preferred choice across various industries.

Business Growth Opportunities in Multilayer Flexible Packaging:

Sustainable Packaging Solutions:
- The demand for eco-friendly packaging is rising. Developing and offering sustainable multilayer flexible packaging solutions can open new avenues for business growth.
Technological Innovation:
- Investing in research and development to introduce advanced technologies in packaging, such as smart packaging and barrier coatings, can enhance product offerings and attract a wider customer base.
Global Market Expansion:
- Exploring and expanding into emerging markets can provide significant growth opportunities. Tailoring packaging solutions to meet the specific needs of diverse regions can be a key strategy.
Customization and Personalization:
- Offering customizable packaging solutions to meet the unique requirements of different industries or brands can be a competitive advantage. This includes variations in size, shape, and printing capabilities.
E-commerce Packaging Solutions:
- With the growth of e-commerce, there is a rising demand for packaging solutions that protect products during transit. Developing packaging solutions tailored for e-commerce applications can be a lucrative opportunity.

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Market Outlook and Future Prospects

As the demand for continuous inkjet inks continues to rise, propelled by advancements in printing technology and increasing requirements for efficient packaging solutions, the market is poised for significant expansion in the coming years. Industry stakeholders are focusing on innovation and product development to cater to evolving customer needs and emerging market trends.

Industry Trends in the Multilayer Flexible Packaging Industry:

Rising Demand for Recyclability:
- Increasing awareness about environmental concerns is driving the trend towards recyclable packaging. Multilayer flexible packaging with recyclable materials is gaining traction.
Innovations in Barrier Technologies:
- Advances in barrier technologies, including high-barrier films and coatings, are becoming prominent trends. These innovations aim to extend the shelf life of products and maintain product freshness.
Focus on Lightweight Packaging:
- The industry is moving towards lightweight packaging to reduce material usage and transportation costs. Lightweight multilayer flexible packaging materials are gaining popularity without compromising on performance.
Digital Printing Advancements:
- Digital printing technologies are revolutionizing packaging design and customization. This trend allows for shorter print runs, faster turnaround times, and increased flexibility in design.
Emphasis on Convenience Features:
- Consumer preferences for convenience are driving trends in packaging. Multilayer flexible packaging with features such as easy-open seals, resealable closures, and portion control is gaining popularity in various industries.

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Market by Category

By Substrate:

Paper
Paper & Paperboard
Cardboard
Plastic Sheets
Glass
Metal
Others (Fabrics, etc.)

By Ink Type:

Aqueous / Water-based Inks
Dye based
Pigment Based
Solvent-based Inks
UV curable Inks
Phase Change ink/ Hot Melt Inks

By End Use:

Food
Beverage
Pharmaceuticals
Electronical & Electronics
Others

By Region:

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

Continuous Inkjet Inks Market Landscape

Linx Printing Technologies, Eastman Kodak Company, Sun Chemical and Videojet Technologies, Inc. are the top players in the Continuous Inkjet Inks market. Furthermore, Kao Collins Corporation, IIMAK, Tritron GmbH, Needham Inc, Jet Inks Private Limited, Palco Industrial Marking & Labeling, Inc., Printjet USA and Squid Inks are prominent players in the Continuous Inkjet Inks market. The Tier 3 players in the market hold 40-55% in the global Continuous Inkjet Inks market. In conclusion, key players contribute almost 1/4th of the global market

Author

About Future Market Insights (FMI)

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

Global Food Stabilizer Systems Market Positioned to Achieve US$ 3,384.7 Million Valuation by 2033, Driven by a Steady 3.8% CAGR

The global food stabilizer systems market is primed for a notable trajectory during the forecast period spanning from 2023 to 2033. Projections unveil a compelling Compound Annual Growth Rate (CAGR) of 3.8%, signaling a trajectory poised to elevate the market’s overall value from an estimated US$ 2,331.0 million in 2023 to an impressive valuation of US$ 3,384.7 million by the conclusion of 2033.

Playing a pivotal role in the food industry, food stabilizer systems prove indispensable for facilitating the consistent dispersion of two or more immiscible constituents across a broad spectrum of food products. This seemingly technical task holds immense significance as it preserves the physicochemical attributes of food, ensuring its quality, texture, and overall sensory experience.

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Shaping the Future of Food: Innovations and Trends in the F&B Industry

Amidst the evolving global landscape marked by a surging population, the rapid ascent of middle-class segments in emerging nations, and concerns over food safety, food and beverage manufacturers are fervently focusing on inventive solutions. These solutions are aimed at addressing emerging challenges. Specialty ingredients have emerged as pivotal players in this narrative, facilitating the creation of novel food solutions. These solutions cater to enhancing nutritional profiles without compromising on the sensory aspects of texture and flavor.

Championing Trends in the Industry:

The landscape witnesses a notable trend, as the call for all-natural food products gains momentum. This shift has propelled a spotlight on natural additives derived from authentic sources, further shaping the additives sector. Additionally, the growing affinity for highly processed edibles has spurred a parallel market dynamic. Food producers now seek more specialized services from additive suppliers to meet evolving consumer preferences.

The convergence of changing lifestyles and robust economies is fostering a surge in restaurant dining, prompting proprietors to seek innovative ingredients for heightened culinary aesthetics. Consumer education levels and heightened health consciousness amplify the demand for stabilizers in food products, thereby propelling the burgeoning food stabilizer systems market.

Key Insights from the Food Stabilizer Systems Market Analysis:

Throughout the historical span spanning from 2018 to 2022, the global food stabilizer systems market demonstrated consistent growth, registering a commendable Compound Annual Growth Rate (CAGR) of 2.8%.
Within the U.S., the food stabilizer systems market is poised to attain a valuation of approximately US$ 570.6 million, commanding a significant 68% share within the North American landscape during the assessment window.
The United Kingdom’s food stabilizer systems market is projected to amass a value of around US$ 197.4 million by the year 2033, contributing to a noteworthy 22% share across the European sector throughout the forecast period.
Turning our attention to China, the food stabilizer systems market is on track to exceed a value of US$ 164.1 million, effectively capturing an approximate 32% market share within the vibrant Asia Pacific region.
On a global scale, the food stabilizer systems market is anticipated to experience an upward trajectory, set to flourish at a promising CAGR of 3.8% throughout the forecast span.

Competitive Landscape: Food Stabilizer Systems Market

Some of the leading companies present in the global food stabilizer systems market are Ingredion Incorporated, Tate & Lyle, Nexira, DowDuPont, and Cargill Incorporated. The global food stabilizer systems market is highly fragmented with the presence of numerous large- and small-scale companies.

They are mainly focusing on launching state-of-the-art products like emulsifiers and food stabilizers that are versatile to help end-use industries prepare a wide range of food items. Some of the other key companies are striving to expand their consumer base by formulating unique blends.

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Food Stabilizer Systems Market Outlook by Category:

By Product Type:

Pectin
Gelatin
Carrageenan
Xanthan Gum
Guar Gum
Others

By Function:

Stability
Texture
Moisture Retention

By Application:

Bakery
Confectionery
Dairy Product
Sauce and Dressing
Beverage and Convenience Food
Meat and Poultry Products

By Region:

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

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Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Chocolate Processing Equipment Market Poised for Remarkable Growth, Anticipating an 8.6% CAGR to Reach US$ 6389 Million by 2033

The global chocolate processing equipment market stands poised for substantial expansion, fueled by a projected Compound Annual Growth Rate (CAGR) of 8.6% from 2023 to 2033. This significant trajectory is anticipated to elevate the market’s value from US$ 2800 million in 2023 to an impressive US$ 6389 million by 2033.

Amidst the dynamic landscape of chocolate and confectionery production, innovation takes center stage in response to the escalating global demand for these delightful indulgences. The heightened demand has catalyzed the adoption of cutting-edge practices, tools, and equipment, effectively addressing the multifaceted challenges encountered by manufacturers. These challenges encompass issues such as ingredient rancidity, fat migration, inadequate heating, interference with cocoa aroma, and a myriad of intricate complexities.

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Catalysts Driving the Chocolate Processing Equipment Market:

Elevating Brand Awareness and Gastronomic Exploration:

The ascent of the chocolate processing equipment market is underpinned by a dynamic interplay of forces that foster the global embrace of confectionery delights. A growing familiarity with brands, coupled with the introduction of Western products to emerging economies, stokes the allure of these sugary indulgences. Moreover, the introduction of novel product categories and a diverse range of variants caters to a wide spectrum of palates, fortifying the appeal of confectionery treats. This blend of influences is poised to exert a substantial impetus on the chocolate processing equipment market in the coming decade.

Health-Driven Desires: Paving the Way for Technological Progress

The relentless pursuit of healthier and functional confectionery items, devoid of artificial sweeteners, flavors, saturated fats, and trans fats, has surged in popularity. Meeting these discerning preferences necessitates technologically advanced equipment in the production process. This demand, in turn, is projected to invigorate the chocolate processing equipment market, amplifying its growth trajectory. Furthermore, the emergence of innovative machinery and production techniques within the chocolate and confectionery sector augments the global market’s prospects, heralding a new era of manufacturing excellence.

Key Takeaways from the Chocolate Processing Equipment Market Study:

Steady Growth Ahead: Envisaged 6% CAGR during the Forecast Period The chocolate processing equipment market is poised for consistent advancement, forecasted to exhibit a Compound Annual Growth Rate (CAGR) of 6% throughout the forecasted duration.

Milestone on the Horizon: Global Market to Surpass US$ 6389 Million by 2033 A remarkable milestone looms as the global chocolate processing equipment market gears up to exceed a valuation of US$ 6389 million by the culmination of 2033.

North America’s Reign: Commanding 36% Share over the Next Decade North America is positioned to wield dominance, expected to hold a substantial market share of around 36% in the upcoming ten years.

Historical Strides: Notable 5% CAGR from 2018 to 2022 From 2018 to 2022, the global chocolate processing equipment market demonstrated commendable growth, marked by a noteworthy Compound Annual Growth Rate (CAGR) of 5%.

Sweet Dominance: Jellies and Gummies Poised to Lead In terms of product differentiation, the jellies and gummies segment is set to take center stage in the coming decade, projected to capture the lion’s share of the chocolate processing equipment market.

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Competitive Landscape: Chocolate Processing Equipment Market

Some of the leading players present in the global chocolate processing equipment market are ACTINI GROUP, OVOBEL, OVO Tech, Pelbo, SANOVO TECHNOLOGY GROUP, and Moba among others.

Chocolate Processing Equipment Market Outlook by Category:

By Machine Type:

Depositors
Formers
Coating and Spraying Systems
Mixer
Cooler
Others

By Product:

Soft Confectionery
Hard Candies
Chewing Gums
Gummies and Jellies
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Brewing Supplies Market Primed for Striking Growth, Targeting US$ 2,511.1 Million Valuation by 2033 with a Robust 5.6% CAGR

The global brewing supplies market is poised for dynamic expansion, driven by an impressive Compound Annual Growth Rate (CAGR) of 5.6% projected from 2023 to 2033. Industry experts foresee this upward trajectory propelling the market’s value from its 2023 figure of US$ 1,456.2 Million to an impressive US$ 2,511.1 Million by the culmination of 2033.

This notable surge in growth stems from pivotal factors reshaping the global brewing supplies landscape, with the burgeoning popularity of craft beer serving as a primary catalyst. Discerning consumers worldwide are increasingly seeking unique, artisanal brews, fueling a substantial demand for advanced brewing supplies to meet this ever-expanding market. The industry’s unwavering dedication to excellence seamlessly aligns with the evolving preferences of consumers, laying the groundwork for a vibrant and prosperous future in the brewing industry.

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The increasing shifts in consumer preference will likely open up new avenues of growth for the brewing supplies market. Millennials, by and large, are opting to try new flavors and products. As a result of this, there’s been a notable surge in the demand for different beer products. For instance, high demand for India Pale Ale (IPA) has been noted in the past few years. Thus, to cater to consumer preferences, many key breweries are using more malt to balance the hop flavor of IPA.

Key Takeaways:

The risk of expensive sales tasks, high employee turnover that has proved to be quite costly to the overall business, and issues like obesity and addiction associated with overconsumption are certain factors that may restrict the growth of the market.
The introduction of the craft movement, the rising urban population, and a desire for experimentation will drive breweries to seek out advanced supplies which augur well for the market.
Increasing number of breweries will drive the demand for craft beer brewing equipment in Germany. This aspect will encourage the growth of the German brewing supplies market.
Asia Pacific will emerge as a lucrative pocket for the brewing supplies market as the region houses some of the world’s fastest developing economies.
By application, the commercial purposes segment will be immensely profitable during 2023 and 2033.

More Insights into Brewing Supplies Market:

In its latest report, FMI offers an unbiased analysis of the global brewing supplies market, providing historical data from 2018 to 2022 and forecast statistics for 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type, application, category, and region.

According to the latest FMI reports, based on segmentation, the commercial application segment will dominate the international space. This category will contribute significantly to the overall market growth owing to the growing consumption of beer.

Based on region, the brewing supplies market in Germany will demonstrate remarkable growth. The target market in this country will dominate the European market. This is due to the surge in the number of breweries in Germany, growing sales of craft beers, a rising population, and a strong economy. India and China will also exhibit considerable growth in the brewing supplies market during the forecast period.

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Competitive Landscape:

Paul Mueller, Meura, Kaspar Schulz, Hypo Group, and Micet, among others, are some of the significant players in the brewing supplies market profiled in the full version of the report.

Prominent market players are focusing on releasing innovative products. These businesses are keen on introducing and developing new products along with adopting various organic and inorganic strategies to enhance their market position.

Brewing Supplies Market Outlook by Category:

By Product:

Fermentation Unit
Brew House Unit
Filtration System
Maturation Unit
Others (Milling unit, Malting, Tank pump, etc.)

By Application:

Commercial Purpose
Industrial Purpose

By Category:

Nano /Micro Brewery
Macro/ Industrial Brewery

By Region:

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

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Author:

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

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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Power-to-X Market Poised for Exponential Growth, Targeting US$ 484 Million by 2033 with a Resilient 9.8% CAGR

The power-to-X market foresees a notable Compound Annual Growth Rate (CAGR) of 9.8% from 2023 to 2033, with aspirations to surpass US$ 484 million by 2033 from a valuation of US$ 190 million in 2023.

Emphasizing the pivotal role of advanced technology, the research report underscores the transformative surge of sustainable energy within the Power-to-X market. These innovative solutions adeptly harness and convert diverse energy sources into practical forms, serving as vital enablers in the global transition towards cleaner and more sustainable energy ecosystems. Positioned at the forefront of this transformative movement, the Power-to-X market plays a crucial role in shaping the future of energy landscapes.

A key catalyst driving this remarkable growth is the escalating demand for green hydrogen and other sustainable energy sources across diverse industries, corporations, and organizations. As the world intensifies its focus on environmentally friendly energy resources, Power-to-X technology emerges as a driving force in the pursuit of sustainable energy solutions, facilitating the conversion and transformation of energy types to meet evolving demands.

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Key Driver for Power-to-X Technology:

The robust demand for power-to-X technology finds its impetus in its versatility across a multitude of industries. Notably, the technology holds the potential to engage in the synthesis of CO2, a pivotal greenhouse gas responsible for climate change. This intrinsic capability to tackle a critical environmental concern adds to its significance. Additionally, the escalating appetite for energy, particularly of the sustainable kind, has spurred both governments and organizations to explore alternative avenues.

Diverse Applications Beyond Traditional Sources:

In tandem with solar and electrical mediums, the prowess of technology to transform one energy source into another emerges as a valuable asset. Noteworthy is the mounting requirement for green hydrogen and ammonia. This demand surge has had a direct positive impact on the adoption of power-to-X technology, addressing the scarcity of resources for these vital elements.

Key Highlights:

The global market is led by the power-to-hydrogen segment, driven by the burgeoning demand for green hydrogen essential in electric battery manufacturing.
Within the end-user category, the transportation segment spearheads the trend, propelled by the rising adoption of e-fuels like e-petrol, e-diesel, and e-kerosene.
Europe commands the largest market share, with APAC also gaining significance due to substantial government investments in sustainable plants and technologies, especially in emerging economies like India and China.

Competitive Outlook:

Industry competitors focus on developing flexible platforms for efficient energy conversion. Extensive research and development efforts result in versatile, high-performance technologies adaptable across various power resources. The emphasis on producing hydrogen efficiently is in response to its heightened demand. Europe boasts major players like Lindem REFHYNE and Ceres Power, actively promoting their innovative initiatives through expert publications.

Recent Developments:

Man Energy Solutions launched a program to minimize CO2 footprints by converting renewable electricity into synthetic gas or hydrogen, catering to industrial, mobility, and heating needs.
Weidmüller introduced a comprehensive hydrogen production system through sustainable power-to-X technology, ensuring safe processing, storage, and supply.
Thyssenkrupp offers green hydrogen and grid flexibility solutions, utilizing a gas grid for efficient power transportation, conversion, and supply.

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Key Players:

IRENA
Neles
Underground Sun Conversion
Weidmüller
Heat Smart Orkney
Copenhagen Infrastructure Partners
Jupiter 1000
Air Liquide

Power-to-X Market Segmentation:

By Type:

Power-to-H2
Power-to-CO/Syngas/Formic Acid
Power-to-NH3
Power-to-Methane
Power-to-Methanol
Power-to-H2O2

By End Use:

Transportation
Agriculture
Manufacturing
Industry
Residential
Others

By Region:

North America
Europe
East Asia
South Asia & Pacific
MEA

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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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