Market Research Blog – Page 3592 – New Product Development

Cost Analysis of Sterile Barrier Packaging: Balancing Safety and Economics

In the intricate dance between healthcare innovation and patient well-being, the Sterile Barrier Packaging industry takes center stage, offering a protective shield that encapsulates the essence of safety and precision. These meticulously designed packaging solutions stand as the silent guardians of medical advancements, ensuring the integrity of sterile medical devices, pharmaceuticals, and biotechnology products.

In a world where the pursuit of optimal healthcare outcomes is paramount, the Sterile Barrier Packaging Market emerges as a linchpin, embodying the commitment to quality and patient safety. From operating rooms to pharmaceutical cleanrooms, the narrative of sterile barrier packaging unfolds as a story of resilience, technological sophistication, and the relentless pursuit of maintaining the pristine condition of medical essentials.

The global sterile barrier packaging market is poised for remarkable growth, with a projected value of US$ 26 billion in 2023 and an anticipated Compound Annual Growth Rate (CAGR) of 5.1%. With ongoing innovations in packaging technologies, the market is on track to exceed a valuation of US$ 42.7 billion by 2033. In the historical period from 2018 to 2022, the sterile barrier packaging market demonstrated a CAGR of 4.8%, underlining its consistent upward trajectory.

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Key features of sterile barrier packaging include:

Sterility Assurance: Sterile barrier packaging is constructed using materials and manufacturing processes that prevent the ingress of microorganisms, maintaining sterility until the package is opened in a controlled environment.
Barrier Properties: The packaging materials used in sterile barrier systems possess excellent barrier properties, preventing the penetration of moisture, gases, and other contaminants that could compromise the integrity of the packaged products.
Compatibility: Sterile barrier packaging is compatible with various sterilization methods, including steam sterilization (autoclaving), ethylene oxide (EtO) sterilization, gamma irradiation, and electron beam sterilization.
Integrity Testing: Quality control measures, such as integrity testing and seal strength testing, are performed to ensure the reliability and effectiveness of sterile barrier packaging systems.
Regulatory Compliance: Sterile barrier packaging must comply with stringent regulatory requirements, including standards set forth by regulatory bodies such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA).

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Industry Dynamics

The healthcare sector is experiencing rapid growth, as it constitutes a substantial portion of a country’s economic development and serves as a vital indicator of social welfare provisions. The ongoing expansion of the healthcare industry is underpinned by the increasing prevalence of chronic illnesses and the continual enhancement and accessibility of healthcare services worldwide. These factors are poised to drive the demand for medical instruments and tools.

This anticipated upswing in the healthcare industry is expected to further stimulate the market demand for sterile barrier packaging. Various original equipment manufacturers (OEMs) are increasingly embracing sterile barrier packaging due to the imperative need to reduce the risk of exposure to medical products, which could otherwise compromise product quality and pose threats to human life.

Additionally, the fast-moving consumer goods (FMCG) sector also incorporates sterile barrier packaging for products that require swift microbicidal protection. This underscores the critical role of sterile barrier packaging in safeguarding not only healthcare products but also various fast-moving consumer goods with stringent quality and safety requirements.

Leading Players

SteriPack Group
Wipak Group
Bemis Company, Inc.
West Pharmaceutical Services, Inc.
Barger Packaging Inc.
3M Company
E. I. du Pont de Nemours and Company
Sonoco Products Company
Amcor PLC
Baxter International Limited
Placon Corporation Inc

Segmentation

By Material, sterile barrier packaging can be segmented as:

Plastic
Glass
Paper Board
Metal

By Type, sterile barrier packaging can be segmented as:

Boxes and Containers
Bottles & Cans
Bags
Pouches
Vials and Ampoules
Others

By Sterilization Process, sterile barrier packaging can be segmented as:

Chemical sterilization
Radiation sterilization
High temperature/ pressure sterilization

By End-Use Industry, sterile barrier packaging can be segmented as:

Food & Beverage
Pharmaceuticals
Consumer goods
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.

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North America Fresh Meat Packaging Market: Projected to Reach US$ 1,070.9 Million by 2033

According to research by FMI, the North American fresh meat packaging market is poised to hit US$ 724.4 million by 2023, with a projected surge to US$ 1,070.9 million by 2033. Anticipated growth indicates a steady climb at a 4% compound annual growth rate (CAGR) from 2023 to 2033. This trajectory underscores the increasing demand for efficient and sustainable packaging solutions in the meat industry. As consumer preferences evolve and regulatory pressures intensify, companies operating in this sector are likely to witness significant opportunities for innovation and market expansion over the next decade.

The United States of America stands as a dominant force in the fresh meat packaging market, accounting for an impressive 92.6% regional market share in 2022. This dominance is projected to continue, with the region expected to maintain over 93% market share by the end of 2023, indicating its unwavering influence.

The surge in demand for fresh meat packaging solutions in North America is attributed to the utilization of polyethylene packaging, which brings about a reduction in transportation costs, enhances shelf life, facilitates inventory management, and minimizes weight loss caused by controlled aging, thereby curbing palatability and evaporation. These advantages underscore the growing preference for polyethylene packaging as a strategic choice in the fresh meat industry, fostering efficiency and sustainability in the supply chain while addressing key challenges related to transportation, storage, and quality preservation.

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Rapid urbanization and an improving standard of living are pivotal factors that contribute to the increasing consumption of animal products in the United States. Furthermore, the export of beef and poultry, coupled with advanced processing infrastructure, is expected to bolster market growth. Increased consumer awareness about food safety and hygiene underscores the importance of packaging solutions that ensure meat freshness, quality, and contamination prevention, thereby further stimulating product demand in the years ahead.

Business Growth Drivers:

Increasing Demand for Fresh Meat: The rising demand for fresh meat products in North America, driven by factors such as population growth, urbanization, and changing dietary preferences, serves as a significant growth driver for the packaging market.
Consumer Preference for Convenience and Hygiene: Consumers are increasingly inclined towards packaged fresh meat products due to factors such as convenience, extended shelf life, and the assurance of hygiene and safety provided by proper packaging.
Advancements in Packaging Technologies: Technological advancements in packaging materials and techniques, such as modified atmosphere packaging (MAP) and vacuum packaging, enhance the shelf life of fresh meat products, reducing spoilage and food waste, thereby driving market growth.
Regulatory Compliance: Stringent regulations regarding food safety and hygiene standards mandate appropriate packaging solutions for fresh meat products, thereby driving the adoption of advanced packaging technologies in the industry.
Innovative Packaging Solutions: The development of innovative packaging solutions, such as active and intelligent packaging, which help in extending shelf life, maintaining product quality, and providing information to consumers, contributes to the growth of the market.

Industry Restraints:

Environmental Concerns: The use of traditional packaging materials, such as plastics, raises concerns regarding environmental sustainability and plastic pollution. This necessitates the adoption of eco-friendly packaging alternatives, which may pose challenges in terms of cost and availability.
Cost Constraints: Implementing advanced packaging technologies and materials to ensure the freshness and safety of meat products can increase packaging costs, which may pose challenges for manufacturers, especially in price-sensitive markets.
Supply Chain Disruptions: Disruptions in the supply chain, such as raw material shortages, transportation issues, and logistic challenges, can impact the availability and affordability of packaging materials, thereby affecting the overall market growth.
Competitive Market Landscape: The North America fresh meat packaging market is highly competitive, with numerous players vying for market share. Intense competition may lead to pricing pressures and profit margin constraints for manufacturers and suppliers.
Changing Consumer Preferences: Shifting consumer preferences towards alternative protein sources, such as plant-based or lab-grown meats, pose a potential threat to the growth of the fresh meat packaging market in the long term, necessitating adaptation and innovation within the industry.

Competitive Landscape

Future Market Insights in its latest market analysis discusses about the key trends shaping the fresh meat packaging market and highlights the strategies employed by market players to strengthen their market position. Market players are emphasizing on expanding their product portfolio to reach wider customer base. They are also inclined towards forming alliance and strategic merger and acquisition with other players.

The Major Key Players Are-

Multivac Sepp Haggenmüller GmbH & Co.KG
Robert Reiser & Co.
Harpak-ULMA Packaging LLC
ALKAR-RapidPak, Inc.
Sealpac International BV.
Bemis Company Inc.
Winpak Ltd.
Sealed Air Corp.
Berry Plastic Group Inc.
Coveris Holdings S.A.

Key Takeaways from FMI’s Fresh Meat Packaging Market Study

Ethylene Vinyl Alcohol (EVOH) material segment is expected to grow at more than 4% CAGR owing to its eco-friendly nature and high recyclability.
Modified atmosphere packaging technology is predicted to expand at more than 2.6% CAGR owing to its superior aesthetics and improved shelf life.
7-layer segment will generate the highest revenue followed by 5-layer segment as they offer extended shelf life, protects meat from bacteria like salmonella.
U.S. will account for more than 80% share of the North America market backed by increasing consumption and export of poultry and beef and presence of modern processing infrastructure in the country.

“Rising popularity of fresh processed meat products like hot dogs and rapid expansion of quick service restaurant chains and fast food joints like McDonalds will boost the demand for fresh meat packaging in North America,” says the FMI analyst.

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Key Segmentations:

By Packaging Format:

Modified Atmospheric Packaging
Vacuum Skin Packaging
Verteroplasty Packaging
Others

By Material Type:

Polyethylene
Poly vinyl chloride
Bi-axially oriented polypropylene
Polyamide
Ethylene-vinyl alcohol copolymer
Polypropylene
Others

By Layer Type:

Monolayer
3-layer
5-layer
7-layer
9-layer

By Meat Type:

Beef
Pork
Poultry
Others

Key Regions/Countries Covered:

North America
- U.S.
- Canada

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Nandini Singh Sawlani

Next Generation Packaging Market: Sales Projection Surges, Expected to Reach US$ 23,952.9 Million by 2033

The next generation packaging sector is poised to hit a market worth of US$ 12,847.9 million by 2023, with an anticipated compound annual growth rate (CAGR) of 6.43% from 2023 to 2033. Forecasts suggest a robust uptick in demand, propelling the market to a substantial value of US$ 23,952.9 million by 2033. This growth trajectory underscores the increasing importance and adoption of innovative packaging solutions globally. Companies operating in this space are expected to witness significant opportunities for expansion and innovation as consumer preferences and environmental concerns continue to shape the packaging landscape over the next decade.

The significant growth anticipated in the global next-generation packaging can be attributed to various key factors. One of the primary drivers is the increasing demand for packaging solutions tailored to the unique requirements of the aging global population, including features like easy-open mechanisms and clear labeling.

Riding the wave of consumer preferences for convenient and packaged food items, the retail sector in North America is undergoing robust growth, acting as a catalyst for the increased demand in advanced packaging solutions. The region’s competitive edge is amplified by a plethora of packaging manufacturers operating locally, reinforcing the expansive trajectory of the industry. The amalgamation of a flourishing retail landscape and a well-established manufacturing foundation positions North America as a pivotal force in the global packaging market. With consumers persistently seeking convenience and dependable packaging, the region is set for continual growth, providing inventive solutions to adapt to the ever-evolving market needs.

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In the midst of a significant expansion phase, the Asia Pacific food packaging industry is propelled by diverse factors. Increasing per capita income, a steadily growing population, and a rising demand for packaged food products are key drivers fueling this growth trajectory. Emerging economies like India, Japan, and China are at the forefront, steering the region’s increasing appetite for packaged food products.

The relentless pace of technological advancement is driving the production of small electronic devices across diverse industry verticals, ranging from consumer electronics and healthcare to automotive and semiconductor IC manufacturing. This trend is fueled by the growing demand for precise patterning on wafers and chips, leading to the relentless miniaturization of integrated circuits.

Notably, the medical devices sector has experienced a surge in the demand for Nano-sized robotic surgery equipment, driven by advancements in wearable technology and personalized healthcare devices. Consequently, designers are increasingly turning to smart packaging solutions as a means to accommodate these miniature electrical devices.

Within the semiconductor industry, the push for miniaturized electrical components is driven by the escalating need for high-performance electronics. Advanced semiconductor packaging techniques have emerged to meet these demands, but they come at a cost. Compared to conventional packaging methods, advanced packaging methods are more expensive. As the semiconductor manufacturing process progresses to each subsequent node, the costs rise significantly, reaching a point where it becomes economically challenging to continue development and production.

The intricacies of integrated circuits contribute to higher wafer production costs. As chips and integrated circuits become more complex, incorporating intricate designs and densely packed components, the cost of advanced packaging escalates even further. These complexities and associated costs pose challenges for widespread adoption, especially for smaller enterprises operating with limited budgets.

Business Growth Drivers:

Sustainability Concerns: Increasing awareness and regulations regarding environmental sustainability are driving the demand for eco-friendly packaging solutions. Next-generation packaging often focuses on reducing waste, using renewable materials, and enhancing recyclability.
Consumer Preferences: Changing consumer preferences, including a desire for convenience, portability, and freshness, are pushing the need for innovative packaging designs. Features like resealability, portion control, and microwaveability are becoming increasingly important.
Technological Advancements: Innovations in materials science, nanotechnology, and digital printing are enabling the development of smarter and more functional packaging solutions. These advancements enhance product protection, shelf life, and consumer engagement.
E-commerce Boom: The rapid growth of e-commerce has created new challenges for packaging, such as the need for protective yet sustainable designs that can withstand the rigors of shipping. Next-generation packaging solutions often address these specific requirements.
Regulatory Landscape: Stringent regulations regarding food safety, product labeling, and environmental impact are driving the adoption of advanced packaging technologies. Companies investing in compliant solutions gain a competitive edge in the market.
Brand Differentiation: With intense competition in the consumer goods sector, brands are leveraging innovative packaging as a means of differentiation. Eye-catching designs, interactive elements, and unique functionalities help products stand out on crowded shelves.

Industry Restraints:

Cost Considerations: Implementing next-generation packaging solutions can involve higher initial costs due to the use of advanced materials and technologies. Companies may face resistance if consumers are unwilling to pay premium prices for eco-friendly or high-tech packaging.
Infrastructure Challenges: Switching to new packaging formats may require updates to manufacturing processes, supply chains, and recycling facilities. Adapting existing infrastructure to accommodate next-generation packaging can be time-consuming and costly.
Consumer Education: Educating consumers about the benefits and proper disposal methods of innovative packaging can be a significant challenge. Misunderstandings or lack of awareness may lead to resistance or improper use, undermining the effectiveness of these solutions.
Compatibility Issues: Next-generation packaging must be compatible with existing packaging machinery and transportation systems to ensure seamless integration into the supply chain. Compatibility challenges can slow down adoption and limit scalability.
Regulatory Uncertainty: Rapidly evolving regulations related to packaging materials, recycling practices, and product labeling create uncertainty for industry players. Compliance with diverse and sometimes conflicting requirements adds complexity to product development and marketing efforts.
Risk of Over-engineering: While innovation is essential, there’s a risk of over-engineering packaging solutions, leading to excessive complexity, cost, or environmental impact. Balancing functionality, sustainability, and cost-effectiveness is crucial for long-term success.

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Key Takeaways:

The market valuation in 2022 was US$ 12,800.3
Based on packaging type, active packaging is expected to dominate at a market share of 43.6% by 2033.
Based on application, food & beverage will register at a market share of 41.5% by 2033.
The next-generation packaging market size expanded at 2.76% CAGR between 2018 and 2022.
Asia Pacific is estimated to register at a market share of 8.7% in 2023.
North America experiences a projected value share of 19.3% in 2023.

“The increasing focus on sustainability and environmental awareness is propelling the adoption of eco-friendly packaging materials and is considered one of the major drivers of the next generation packaging market,” comments a Future Market Insights analyst.

Competitive Landscape

The next generation packaging industry boasts a substantial array of market participants. Research and development play a pivotal role among these players, primarily focusing on the introduction of eco-friendly product lines as a core aspect of their manufacturing endeavors.

These players employ various expansion strategies, including collaborations, mergers and acquisitions, and diligent exploration of regulatory approvals to bolster their market presence.

The Major key players Are:

Amcor Limited
WestRock Company
Sonoco Products Company
Sealed Air Corporation
Stora Enso Oyj
Bemis Company, Inc.
MULTIVAC
WS Packaging Group, Inc.
Active Packaging Limited
ULMA Packaging
S. Coop

Some of the key developments are-

DuPont, offers the Tyvek 40L medical packaging, a new class of Tyvek for medical packaging applications that offers a practical solution for safeguarding portable, low-risk equipment, we thank DuPont Protection Solutions.
Microchip Technology Inc. has unveiled the GridTime 3000 GNSS time server, a software-configurable system that protects power plants and substations from surges, bad weather, and cyber-attacks targeting critical infrastructure.
Analog Devices, Inc., has unveiled a three-axis MEMS accelerometer that may be used in a variety of healthcare and industrial applications, such as vital sign monitoring, hearing aids, and motion-enabled metering devices. The ADXL367 accelerometer reduces power consumption by two times compared to the previous generation (ADXL362) while boosting noise performance by up to 30%.

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Key Segments Covered

Packaging Type:

Active Packaging
- Antimicrobials
- Gas Scavengers
- Gas Emitters
- Others (Moisture & Corrosion Control)
Intelligent Packaging
- Sensors
- Indicators
- Tags
Modified Atmosphere Packaging

By Application:

Food & Beverages
Healthcare & Pharmaceuticals
Personal Care
Logistics & Supply Chain
Others (Automotive & Industrial)

By Region:

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

About Future Market Insights (FMI)

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Nandini Singh Sawlani

The Flooring and Carpets Market Poised to Hit US$ 485,371.5 Million by 2033 | FMI

The global flooring and carpet market is estimated to be valued at US$ 297,976.0 million in 2023. The market is anticipated to witness a promising trajectory with a CAGR of 5% through 2033, leading to an estimated value of US$ 485,371.5 million.

Although urbanization and sustainability enjoy a particular status as recognized drivers, there is another trend that requires mentioning, which applies to our type of work. The social media sites that helped to bring changes in the spending behavior of shoppers as well as online reviews have now become so popular and increased pressure on the companies.

The increasing factor of relying on peer recommendations and online ratings when making a decision pertaining to choice flooring options is largely not due to the limitations that apply; instead, the homeowners and businesses increasingly place their trust in others than going for flooring items randomly. This paradigm shift highlights the customer’s experience as being positive and requires that manufacturers start focusing on quality products and building a good reputation based on them.

Apart from the cost of fluctuations in raw material prices and sustainability costs, there is disposal itself which is talked little about as one of the constraints. Old flooring products, most of which also contain non recyclable components represent the so far largest scale and waste generated environmental challenge with respect to how discarded by consumers as they become more eco conscious. Therefore, manufactures should find sustainable end-of-life strategies and implement recycling programs or repurpose initiatives to reduce concern regarding this matter.

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Beyond the conventional opportunities, one emerging trend is circular economy practices. Manufacturers can explore take-back schemes and recycling initiatives where old flooring materials are collected, refurbished, and reintroduced into the market. This aligns with consumer preferences for sustainable products and minimizes waste. Furthermore, catering to the aging population by designing flooring solutions with enhanced slip resistance and mobility support can open up new market segments.

While trends like smart flooring and sustainability are prominent, another intriguing development is the integration of augmented reality (AR) and virtual reality (VR) technologies. Some companies are utilizing AR and VR applications to help customers visualize how different flooring options would appear in their spaces before making a purchase. This immersive experience enhances consumer confidence and reduces the likelihood of post-installation dissatisfaction.

“Embracing digital innovation alongside sustainability is the winning formula for the flooring and carpets industry. As consumers rely more on online reviews and seek smart flooring solutions, businesses should prioritize both eco-friendly materials and technology integration for sustained growth.” says an FMI analyst.

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Key Takeaways from the Flooring and Carpets Market

The United States has a robust flooring and carpets industry, accounting for a sizable 27.8% share in 2023.
With a 7.6% market share in 2023, Canada’s flooring and carpets industry is notably molded by its frigid environment.
With a 5.5% market share in 2023, Germany prioritizes quality and longevity in its flooring selection.
The flooring market in the United Kingdom, with a 4.4% market share in 2023, maintains a balance between history and innovation.
France, with a 3.5% market share in 2023, prefers elegance and sophistication in flooring.
With a 3.0% market share in 2023, Italy’s flooring and carpets industry is heavily affected by its design-centric culture.
With a 2.5% market share in 2023, Spain’s flooring options seamlessly integrate heritage and contemporary.
With a 6.0% market share in 2023, China has a thriving middle class and urbanization, boosting demand for high-quality flooring.
Cultural diversity and changing climatic conditions define India’s market share of 2.5% in 2023.
Japan’s flooring selections embody minimalism and efficiency, with a 4.4% market share in 2023.
With a 4.5% market share in 2023, Australia has a penchant for outside and open living areas.
With a 1.2% market share in 2023, Singapore welcomes innovative technology, such as smart flooring solutions designed for urban life.

Competitive Landscape of the Flooring and Carpets Market

A spirited battle among industry titans and nimble challengers characterizes the competitive landscape of the flooring and carpets market. Established giants like Mohawk Industries Inc., Interface Inc., and Beaulieu International Group N.V. continue to wield significant influence with their diverse product portfolios and expansive global presence. These market leaders have cemented their positions through a blend of innovation, sustainability, and a keen focus on customer satisfaction.

However, the market is far from static, as up-and-coming players seek to carve their niches. New entrants find fertile ground by specializing in customization, smart flooring solutions, and sustainable materials—a strategy that resonates with evolving consumer preferences. These agile contenders pose a formidable challenge, particularly in segments where innovation and adaptability reign supreme.

In a world where online reviews and recommendations sway purchase decisions, every player, regardless of size, must ensure a strong online presence. The ability to harness data analytics and leverage customer feedback becomes a potent tool for staying ahead. As the industry witnesses a growing convergence of aesthetics and technology, competitive advantage hinges on the ability to create flooring solutions that harmonize form and function.

The volatility of raw material prices, such as nylon, polyester, and polypropylene, presents a persistent challenge for market players. To maintain profitability, industry leaders must adopt prudent pricing strategies while exploring alternative materials to mitigate these fluctuations.

Recent Developments in the Flooring and Carpets Market:

Forbo launched the Forbo Flooring Systems brand in January 2023, which combines its existing flooring brands of Forbo Flooring Systems, Tessera, and Coral into a single brand. The new brand will offer various flooring solutions for commercial and residential applications.
Gerflor launched the Gerflor One range of flooring products in September 2022. The range includes a variety of flooring solutions, such as vinyl, LVT, and laminate that are designed to be easy to install and maintain.
Beaulieu International Group launched the DreamClick flooring system in June 2022. The system is a click-to-install flooring solution that is available in a variety of designs and colors.
Balta Industries launched the Balta Hybrid flooring collection in March 2022. The collection is a hybrid of vinyl and LVT that offers the best of both worlds in terms of performance and aesthetics.
Al Sorayai Group launched the Alshayaer flooring brand in February 2022. The brand offers a wide range of flooring solutions for commercial and residential applications, including vinyl, LVT, laminate, and carpet.

Leading Competitors for Flooring and Carpets Market

Mohawk Industries Inc.
Interface Inc.
Beaulieu International Group N.V.
Tarkett S.A.
Balta Group
Shaw Industries Group, Inc.
ALSORAYAI Group
Forbo Holding AG
Armstrong World Industries LLC
Gerflor Group
Oriental Weavers Group
Al Abdullatif Industrial Investment Company (AIIC)
Polyflor Ltd.
Brintons Carpets Limited
Milliken & Company Inc.
Betap Tufting B.V.

Key Segments

By Flooring Type:

Carpets
Tufting
Woven
Rugs
Accent Rugs
Area Rugs
Other Rugs
Artificial Grass
Carpet Tiles
Vinyl Flooring
Laminate Parquet Flooring

By Material Type:

Polypropylene
Nylon
Polyester
Others

By Application:

Residential
Commercial Offices
Retail
Hospitality
Healthcare and Hospitals
Educational Institutes
Automotive
Industrial
Others

By Region:

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

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

Innovative Solutions: Corrugated Bubble Wrap in Packaging

Corrugated bubble wrap, also known as corrugated bubble wrap rolls or corrugated bubble board, is a packaging material that combines the protective properties of traditional bubble wrap with the structural strength of corrugated cardboard. It features a layer of air-filled bubbles sandwiched between two layers of corrugated cardboard, providing enhanced cushioning and shock absorption for fragile or delicate items during shipping, handling, and storage.

In 2021, the US corrugated bubble wrap market defied expectations by surging with a remarkable 10% year-on-year growth, despite initial skepticism due to the global pandemic. This success story was not limited to the United States alone; the entire North American region witnessed an all-time high in the demand and sales of corrugated bubble bags and mailers.

The packaging industry has continuously adapted to cater to the evolving needs of product manufacturers. With a diverse array of industries placing increased demands on packaging, there has been a steady stream of innovations in packaging materials and solutions. Corrugated bubble wrap, as a versatile and robust packaging solution designed for the safe transport of highly fragile items, has emerged as a pivotal player.

The imperative for secure and shock-resistant packaging to accommodate the transit of delicate products and sensitive devices has fueled the surge in corrugated bubble wrap sales. These factors collectively signify a robust upward trend, and the corrugated bubble wrap market is poised for further growth in the foreseeable future.

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Applications of Corrugated Bubble Wrap

Shipping and Logistics: Corrugated bubble wrap is commonly used in the shipping and logistics industry to protect products during transit, ensuring they arrive at their destination in pristine condition.
E-commerce Packaging: With the rise of online shopping, corrugated bubble wrap has become a popular choice for e-commerce packaging, providing reliable protection for goods shipped directly to consumers.
Retail Packaging: Corrugated bubble wrap is also used in retail packaging to safeguard fragile items displayed on shelves or transported within stores.
Moving and Storage: When relocating or storing belongings, corrugated bubble wrap offers an effective solution for protecting valuables such as dishes, glassware, and electronics from breakage.

Growth Factors

The adverse environmental impact of plastic materials has come under intense scrutiny by various environmental organizations. Countries worldwide have responded by implementing stringent environmental regulations, including partial or complete bans on non-biodegradable materials. This shift in the preferences of manufacturers toward eco-friendly, paper-based packaging solutions is propelling the sales and growth of corrugated bubble wrap in the market.

While providing exceptional protection for delicate items is a key aspect of corrugated bubble wrap, the global market for this innovative packaging material is influenced by numerous other significant factors. One such factor is the growing public concern over the use of plastic-based packaging materials, which has played a pivotal role in shaping market dynamics and is poised to continue driving demand in the corrugated bubble wrap market.

Global Players:

Delux Packaging, Inc.
Conitex Sonoco
Larsan Packaging Products, Inc.
Western Container Corp.
Cougar Packaging Solutions
Albert Paper Products
Alpha Packaging Inc.
Elsons International, Inc., Dyer Packaging, Inc.

APAC Players:

Airpack Inc.
Sonoco Asia
Pack Mile Pvt. Ltd.
SYD Cardboard Carton
Dongguan Hongxu Paper Packaging Co. Ltd.
Sweidun Inc. Ltd.
Shandong Seto Environmental Technologies Co. Ltd.

Segmentation

By Product Type:

Corrugated Bubble Sheets
Corrugated Bubble Bags/ Mailers

By End-Use Industries:

Electronics and Electrical
Automotive
Healthcare
Food & Beverage
Cosmetics and Personal Care
Others

By Region:

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

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Sports and Athletic Insoles Market Set for a 6.6% CAGR Boost by 2033 | FMI

The sports and athletic insoles market is predicted to be valued at US$ 9 billion in 2023 and US$ 17 billion by 2033.

According to the forecast period, sales in the sports and athletic informed ‘s market have CAGR of 6.6%. A market-dominant trend is an increasing demand for smart insoles equipped with a sensor tecchnology. Inside these advanced insoles provide real-time data on foot pressure, gait analysis, and performance metrics to suggest the directions necessary for optimum training plans and prevention of injuries.

A new pattern that one might find is growing concern on day to determine more sustainable materials. There is demand for recycled and biodegradable insoles from consumers, showing what can only be read as environmental consciousness in them. In spite of their growing popularity in the market, customization does not seem to spread as fast. Manufacturers provide asics custom orthotics based on specific features such as a foot shape, arch type and desired athletic pursuit. This trend responds to the increasing demand for comfort, assistance, and injury reductions.

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The market also presents opportunities in the realm of medical applications. Insoles designed for medical conditions such as plantar fasciitis, diabetes, and arthritis are in high demand, driven by the aging population and the increasing prevalence of these conditions. The sports and athletic insoles market is witnessing the convergence of technology, sustainability, customization, and medical needs, providing vast prospects for innovation and market expansion.

Key Takeaways from the Sports and Athletic Insoles Market:

The United States is projected to hold a market share of more than 70.0% in North America until 2023.Italy is forecasted to capture a market share of over 11.3% in Europe until 2023.
India is expected to secure a market share of over 29.7% in South Asia by 2023.
Among various base material types, rubber is experiencing the highest level of popularity. This segment is anticipated to maintain its leading position in the foreseeable future.

“The sports and athletic insoles market is experiencing rapid growth due to trends like smart insoles, sustainability, customization, and medical applications, presenting significant opportunities for market players”, remarks an analyst at FMI.

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How Key Players are revolutionizing the Manufacturing of Sports and Athletic Insoles market?

Key players in the sports and athletic insoles market are revolutionizing manufacturing processes to meet evolving consumer demands. They are incorporating advanced technologies such as 3D printing, computer-aided design (CAD), and robotics to enhance production efficiency and customization capabilities.

This allows for the creation of personalized insoles that offer precise support and comfort based on individual foot measurements and activity requirements. These players are investing in research and development to develop innovative materials and designs that enhance performance, durability, and sustainability. By embracing technological advancements and focusing on innovation, key players are driving the transformation of the sports and athletic insoles market, providing enhanced products and experiences to consumers.

Key Players in the Market:

Aetrex Worldwide, Inc.
Invent Medical Group, s.r.o. (8 Sole)
Materialise Phits Insoles
AF Group
ALINE Systems, Inc.
ARNEPLANT, S.L
Bauerfeind
Birkenstock USA
Currex GmbH
Diafarm Laboratories (Noene)
Foot Science International
Footbalance System Ltd.
Guangzhou Shunyang SM Co Ltd.
Implus LLC
Ottobock Holding
Peacocks Medical Group
Reckitt Benckiser (Scholl)
RSscan Lab Ltd.
Sorbothane, Incorporated
SUPERFEET WORLDWIDE, Inc.
Texon International Group Limited
Wiivv Wearables Inc.
Digitsole

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Product Portfolio:

Foot Science International is known for its FootBalance custom insoles and orthotics that provide personalized support and comfort for customers’ feet, enhancing their overall well-being.
Footbalance System Ltd. offers a diverse product portfolio of custom insoles, foot analysis systems, and related accessories, aimed at improving foot health and optimizing performance for athletes and individuals seeking personalized foot support.

More Insights Available

Future Market Insights offers an unbiased analysis of the sports and athletic insoles market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the sports and athletic insoles market, the report is segmented on the basis of By Base Material Type (Polymer, Plastic, Rubber, Carbon Fiber and Silicone), By Size (U.S.) (% of Demand) (4 – 5, 6 – 7, 8 – 9, 10 – 11 and 12 – 13), By Consumer Orientation (Men, Women and Kids), By Sales Channel (Direct Sales, Indirect Sales, Hypermarkets/Supermarkets, Departmental Stores, Specialty Stores, Multi-brand Stores, Exclusive Stores/Franchised Stores, Online Retailers and Other Retail Channels), across 5 major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Market by Category

By Base Material Type:

Polymer
Plastic
Rubber
Carbon Fiber
Silicone

By Size (U.S.) (% of Demand):

4 – 5
6 – 7
8 – 9
10 – 11
12 – 13

By Consumer Orientation:

Men
Women
Kids

By Sales Channel:

Direct Sales
Indirect Sales
- Hypermarkets/Supermarkets
- Departmental Stores
- Specialty Stores
- Multi-brand Stores
- Exclusive Stores/Franchised Stores
- Online Retailers
- Other Retail Channels

By Region:

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

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

Hexane-free Protein Market Set for Robust Growth, Eyes US$ 285.73 million by 2033| FMI

The hexane-free proteins market worldwide was predicted to reach US$ 103.2 million in 2022. Growing public interest in flexitarian eating habits and increased demand for dairy and meat substitutes are driving the market’s expansion. This has produced an anticipated amount of US$ 285.73 million by 2033, with a CAGR of 9.7% from 2023 to 2033.

The desire for natural, environmentally friendly solvents is being fueled by worries about the negative effects of petroleum-based solvents used on foods for the extraction of oils, such as hexane. The market’s demand for green protein is rising as a result.

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Hexane-free proteins are particularly popular as supplements due to their functional benefits, like their excellent solubility in aqueous media and the availability of vital elements. As the vegan community has expanded, so has the need for plant-based protein.

Hexane-free proteins are being utilized more frequently in sports nutrition products since they are regarded as secure and additive-free. For instance, organic pea protein is a hexane-free protein that athletes are increasingly asking since it is pure, unprocessed, non-GMO, loaded with amino acids, and simple to incorporate with foods and beverages.

Key Takeaways from the Market Study

According to FMI’s study, sales of hexane-free proteins increased at a 7.8% CAGR between 2018 and 2022.
By 2023, the market for isolate hexane-free protein is anticipated to represent 56.3% of the overall hexane-free protein market.
With a 62% share, the powder sector had the largest market share globally in 2022.
In 2022, the energy & sports nutrition sector held a 52.5% market share based on end use.
The hexane-free protein market in North America is expected to grow significantly in value during the forecast period, according to FMI.
By 2023, the Unites States will control 83.3% of the global market.

“The desire for natural, environmentally friendly solvents is being fueled by worries about the negative effects of petroleum-based solvents utilized on food items for oil extraction, like hexane. The market’s demand for organic and clean protein is aiding the market growth. ” remarks an FMI analyst.

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Competitive Landscape

Companies are focusing on emerging nations to build a solid consumer base for their business.

To increase their product portfolio, well-known firms are putting more of an emphasis on new product development.

Prominent players in the hexane-free protein market are:

Axiom Foods, Inc.
Nutiva, Inc.
Ingredion, Inc.
Cargill, Inc.
ABF Ingredients
Austrade, Inc.
Merit Functional Foods
New Protein Global Inc.
Milk Specialties Global
Now Health Group, Inc.
Healthy Hey LLP
Form Ltd.
Boomers Protein
Devansoy, Inc.
Naked Nutrition

Some key developments of the leading companies in this market are:

With the BioPur™ method, New Protein Global provides a variety of functional protein products with distinct qualities including gelling, low/high viscosity, emulsification, solubility, and others. When compared to competing technologies, they have the highest PDI (Protein Dispersibility Index) and the cleanest soy components available on the market. Better dissolve rates are produced by these desired features, which also protect the protein’s original functional capabilities.
Axiom Foods Inc., a significant producer of hexane-free protein, provides its clients with high-value services in addition to hexane-free protein sales. The company’s unique and innovative goods benefit its customers. The completed products are of the finest caliber and boast organic and hexane-free claims.

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Key Segments Profiled In The Global Hexane-free Protein Market

By Product Type:

Isolate
Concentrate
Flour

By Form:

Powder
Syrup

By End Use:

Beverages
- Dairy-based Beverages
- Functional Beverages
- Others
Cosmetics & Personal Care
Breakfast Cereal & Cereal Bars
Energy & Sports Nutrition
Bakery Products
Dairy Products
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights (FMI)

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

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Citrus Seeds Market Poised for Robust Growth, Aiming at US$ 8.9 Billion by 2033| Exclusive Report by Future Market Insights, Inc.

The market for citrus seeds worldwide was projected to reach US$4.32 billion in 2022. Sales are expected to reach $8.9 billion by 2033 thanks to consumer preference for healthy and natural components, which will result in a 6.8% CAGR from 2023 to 2033.

Citrus seeds are used far less frequently than they are generated. The demand-supply imbalance should be reduced by research on the many uses of citrus seeds, particularly in the food and beverage sector. According to FMI predictions, the market for citrus seeds would expand at a significant CAGR due to the rising demand for these derivatives in a variety of applications.

Citrus seeds are recognized for having anti-inflammatory characteristics that support healthy scalp maintenance and give hair a natural sheen and structure. Products made from citrus seeds are beneficial for revitalizing the scalp since they fight dandruff as well as sebaceous dermatitis and, in the end, stimulate the hair follicles to encourage the formation of new hair. Climate change has resulted in significant alterations to the skin’s sensitivity and propensity for disease outbreaks.

The usage of citrus seed products aids in moisturizing the skin by replenishing moisture and enhancing the skin’s healthy shine. The market for citrus seeds is expected to benefit from the rapid increase in the usage of citrus seeds in cosmetology as well as personal care products from 2023 to 2033.

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Key Takeaways from the Market Study

Sales of citrus seeds increased at a 4.2% CAGR between 2018 and 2022.
In 2022, the conventional category had a 74% market share advantage over the organic segment.
Oil extraction is the most common use and in 2022, oil extraction held a 62.5% market share.
Direct B2B industry is estimated to hold a significant market share of 67.1% in 2022.
By 2033, India will control more than 26.2% of the market in Asia-Pacific outside of Japan.
In 2022, the US held a 73.5% market share in North America.

“The worldwide citrus seeds market is expanding as a result of customers, who are looking for products that are manufactured organically and don’t cause skin allergies as a consequence, which is increasing demand for skin care and cosmetics products free of chemicals.” remarks an FMI analyst.

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Competitive Landscape

Market players are extending their manufacturing facilities to increase production volumes. Businesses of all kinds must constantly evolve technologically to compete in this cutthroat climate, thus frequent machinery upgrades are carried out to boost productivity. Adopting modern, cutting-edge marketing techniques to promote the products—such as eco-friendly packaging and biodegradable packets—will guarantee a favorable perception in the eyes of the public and will also place the goods in an advantageous position for success.

Prominent players in the citrus seeds market are:

Lemon Concentrate S.L.
Citrosuco S.A.
Louis Dreyfus Company B.V.
Yantai North Andre Juice Co. Ltd.
Sucocitrico Cutrale Ltd.
Citromax Group
Peace River Citrus Products
Rio Grande Juice Company
Vita-Pakt Citrus Products
Panteley Toshev Ltd
Tangshan Eusa Colors Int’l Group(EUSA COLORS)
Presque Isle Wine Cellars
Parchem Trading Ltd.

Some key developments of the leading companies in this market are:

Yantai North Andre Juice Co.,Ltd. is a renowned company in this market that makes concentrated fruit juice drinks. Juice purees, vegetable juices, fruit juices, compound fruit as well as vegetable juices, and other goods are produced by the company. Yantai North Andre Juice distributes its goods around the world, including in Asia, Europe, and North America.

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Key Segments Profiled in the Global citrus seeds market

By Nature:

Organic
Conventional

By Application:

Animal Feed
Oil Extraction
Dietary Supplements
Personal Care and Cosmetics
Household/Retail
Others

By Sales Channel:

Direct/B2B
Modern Trade
Specialty Store
Online Retailers
Other Sales Channels

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights (FMI)

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

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Cow Colostrum Market on Track for US$ 2.8 Billion by 2033| Exclusive Report by Future Market Insights, Inc.

The expected value of the world market for cow colostrum in 2022 is US$1.40 billion. Cow colostrum is used as a nutritive supplement to aid athletes in developing their immune systems and muscles. By 2023, it is anticipated to have made US$ 2.8 billion, with a CAGR of 6.5% from 2023 to 2033.

The market is growing more quickly as a result of athletes’ increased use of cow colostrum, which decreases damage to the upper respiratory system and intestines. Cow colostrum is a supplement that is growing popular among athletes since it helps the athlete’s overall immune system. The cow colostrum market is expected to expand over the span of the projection because to increasing athletic consumption of cow colostrum.

The anti-aging benefits of cow colostrum, which help to reduce face wrinkles, are thought to help the product’s market expansion. Growth hormone from the colostrum promotes both cell regeneration as well as skin cell formation, which increases the suppleness and the thickness of the skin. The claim that bovine colostrum has anti-aging qualities is anticipated to boost market sales throughout the anticipated period.

A growing variety of cutting-edge methods have been established in the last several years to produce goods containing cow colostrum. Colostrum powders that dissolve quickly and are ready to combine were among the new goods that hit the market, and their widespread use has increased.

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Key Takeaways from the Market Study

Sales of cow colostrum increased by 5.4% CAGR between 2018 and 2022.
Over 86% of the worldwide market for traditional cow colostrum is accounted for by rising demand in developed and emerging nations.
B2B will have a 51.29% market share as a share of value in 2022 and is predicted to expand at a 4.63% CAGR over the forecast period.
The market for finished goods made from cow colostrum will account for 56.5% of the total market in 2022.
With a predicted market share of around 61.2% in 2022, the United States is predicted to have the highest share of cow colostrum in North America.
In South Asia, India holds a 25.4% market value share and is projected to increase at a CAGR of 8.21%.

“The market for cow colostrum is expanding because of the product’s high protein content and immunity-boosting qualities in its nutritional profile. Taking supplements made from cow colostrum can boost immunity and promote improved intestinal health.” remarks an FMI analyst.

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Competitive Landscape

It is anticipated that the demand for cow colostrum will rise in the near future for use in animal feed compositions. Strong promotional and marketing campaigns are a crucial opportunity for businesses to increase their reach and share of the market in the cow colostrum industry since informative colostrum advertising are a particular field that has been discovered to be missing.

Prominent players in the cow colostrum market are:

Colostrum BioTec GmbH
Zuche Pharmaceuticals
Biodane Pharma A/S
Agati Healthcare Pvt. Ltd.
McePharma
Cure Nutraceuticals Pvt. Ltd.
Ingredia Nutritional (Ingredia S.A.)
Sterling Technology
Biotaris B.V.
La Belle Inc.
Now Health Group, Inc.
The Saskatoon Colostrum Company
Good Health New Zealand

Some key developments of the leading companies in this market are:

Dutch company Biotaris B.V. has provided premium cow as well as goat colostrum goods for many years. Their colostrum products surpass the usual quality criteria thanks to the development of a unique cold-state manufacturing technology to process raw colostrum deeper in a loss-free and friendly manner.
In 2021, Bioblock, a unique nasal spray containing antibodies towards the SARS-CoV-2 virus generated from cow colostrum, is being sold on Tallink Grupp’s Estonian boats.
A pioneer in nutrition as well as biotechnology, PanTheryx, announced the release of three product formulations such as cow colostrum in March 2021. These include baked nutrition bars, soft chews, and soft presses.

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Key Segments Profiled in the Global Cow Colostrum Market

Nature:

Organic
Conventional

Product Type:

Whole
- Whole Colostrum Powder
- Skim Colostrum Powder
- Specialty Colostrum Powder
Colostrum Finished Products
- Capsules
- Chewable Tablets
- Individual Sachets
- Specially Formulated Products

End Use:

B2B
- Dietary Supplements
- Sports Nutrition
- Functional Foods
- Animal Nutrition
- Cosmetics
- Infant Formula
- Pharmaceuticals
B2C
- Hypermarket/Supermarket
- Convenience Store
- Specialty Stores
- Drug Stores
- Health & Wellness Stores
- Online Retailing

Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights (FMI)

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

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Wheatgrass Products Market Eyes Robust Growth, Anticipating US$ 114,398.6 million by 2033| Exclusive Report by Future Market Insights, Inc.

The global wheatgrass products market is anticipated to attain a valuation of US$ 62,400 million in 2023 and is expected to reach US$ 114,398.6 million by 2033, trailing a CAGR of 6% during the forecast period.

Globally, the growth of the organic wheatgrass products market is primarily driven by the increasing aging population, growing health awareness among consumers, as well as new developments and innovations. Furthermore, middle-aged and elderly populations have been observed to readily invest in these products to support their immune system.

The organic wheatgrass products market is experiencing strong growth due to its nutritional advantages. The increasing demand for plant-based nutritious products is a major catalyst in the development of the organic wheatgrass products market. Companies are actively expanding their research efforts to introduce new formulations, resulting in an expanded range of products that cater to diverse consumer needs and preferences.

The demand for naturally nutritious ingredients like green vegetables, grasses, and seaweed is driving the consumption of green foods. As a result, the organic wheatgrass products market is experiencing significant growth due to its nutritional advantages. Wheatgrass juice, consumed as a morning meal, is recognized for its anti-inflammatory, antioxidant, anti-carcinogenic, immunomodulatory, and anti-bacterial properties. The increasing trend of consuming organic and healthy products is a key factor fueling the market’s growth.

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Over the past few years, there has been a surge in consumer interest worldwide towards plant-based functional food and beverages. Organic wheatgrass has emerged as a popular ingredient in various mainstream food and beverage products, adding functional properties. The market growth is expected to be driven by continuous innovation and product development efforts aimed at creating indulgent functional products using wheatgrass. For example, in March 2018, Amazing Grass, a California-based brand specializing in organic powdered supplements, introduced a new protein powder called Organic Protein and Kale, which includes organic wheatgrass powder.

Key Takeaways

United States wheatgrass products market is expected to grow with a CAGR of 5.8% during the forecast period.
The market in United Kingdom is expected to grow with a CAGR of 2.6% during the forecast period.
By distribution channel, B2C segment is projected to grow with a significant CAGR of 6.4% during the forecast period.
The market in India is expected to grow with an impressive CAGR of 24.6% throughout the forecast period.

“Increasing demand for plant based nutritious products is expected to drive market growth during the forecast period,” comments an FMI Analyst

Competitive Landscape

The Wheatgrass products market is intensely competitive, with several key industry players investing heavily in providing these services.

The key industry players are Now Foods, Synergy Natural, Dynamic Greens Wheatgrass Juice, Navitas Organics, My protein, Pines International, Inc., Herbco International Inc, Nutriblade, Girmes Wheatgrass, E-Phamax, Terrasoul Superfoods, Naturya, ABE’S Organics, Nature Bell, Amazing Grass, Dr. Berg.

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Some recent developments in the market are:

Key industry players are utilizing organic growth strategies like acquisitions, mergers, tie-ups, and collaboration to bolster their product portfolio. This is expected to propel the global wheatgrass products market.

In March 2021, JIVO Wellness, a New Delhi-based company, launched an exciting range of products, including a refreshing wheatgrass summer drink. To expand its reach, the company has formed partnerships with leading e-commerce platforms and superstores for widespread distribution.
In February 2021, Living MaKa introduced its inaugural range of convenient and ready-to-drink wheatgrass beverages, aiming to make wheatgrass easily accessible to all. In July 2022, MaKa joined forces with UNFI and KeHE to enhance distribution, making their products available in independent and natural stores across various regions nationwide.
In 2020, JIVO Wellness unveiled an expanded range of products, featuring organic basmati rice, muesli munch, choco flakes, wheatgrass summer drinks, and more.
In September 2020, Nature’s Path, a significant player in the industry, introduced a new product line consisting of superfood granolas and cups made from wheatgrass.

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Key Segments Profiled in the Wheatgrass products Market Industry Survey

By Type:

Juice
Powder

By Nature:

Natural
Organic

By End Use Application:

Industrial
- Food & Beverages
- Nutraceuticals
- Personal Care & Cosmetics
- Pharmaceuticals
- Pet Food
Household

By Packaging Type:

Pouches
Tins
Bottles
Sachets
Capsules

By Distribution Channel:

B2B
B2C
- Hypermarket/Supermarket
- Convenience Store
- Specialty Store
- Online Retailers
- Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights (FMI)

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

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