Market Research Blog – Page 3639 – New Product Development

Garment Steamer Market Set to Achieve US$ 3,594.9 Million by 2033 with a 5.8% CAGR | FMI

According to newly released research from Future Market Insights (FMI), the global garment steamer market is expected to reach US$ 3,594.9 Million by 2033, at a CAGR of 5.8% from 2023 to 2033.

High-level players in the garment steamer market aiming to expand their presence are acting through other strategies such as keeping a mergers and acquisitions strategy. Spectrum Brands Holdings, Inc. announced in 2021 that it had reached an agreement to purchase For Life Products, LLC (“Rejuvenate”), the largest manufacturer primarily focused on residential property cleaning and upkeep as well as repairing items inside the home or around a house for use at different time periods. Home appliances Rejuvenate is being bought for some US$ 300 million (or subject to normal variations) and develops faster-growing series of state-of the art cleaning items as well as floor care products.

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Manufacturers of garment steamer are increasingly inclined to diversify into the market to increase their presence through various product launches. For instance, Groupe SEB introduced the Rowenta IXEO QR1020 in 2018. In spite of certain shops destocking their inventories, the company saw a rise in the demand for garment steamer in 2019.

To give all customers access to distinctive or high-quality products, the premiumization trend is bridging the gap between luxury and mass markets. Additionally, the Premiumization of the target product is providing profitable prospects for numerous companies to capitalize on, strengthening their market position.

Utilizing only materials that are 100% environmentally friendly, businesses are innovating their products. Companies are being encouraged to introduce new products to the market by the rising demand for eco-aware products in several countries. Customers have found these eco-friendly products to be appealing. Manufacturers are increasingly using eco-conscious materials in their products as opposed to traditional ones.

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Key Takeaways from the Garment Steamer Market Study

Handheld/portable is anticipated to expand at the quickest rate, with a CAGR of 6.6% during the forecast period.
The US holds a noteworthy value share of 75.2% in North America owing to the high penetration of key players in the region.
India is a key market in South Asia and estimated to account for a value share of 33.7% owing to the higher spending on premium products in the country.
Germany is expected to account for over 19.9% of market share in Europe through 2023. Germany is one of the most important market for garment steamer along with the high penetration of key players in the region.

“For manufacturers, developing new products has taken the top spot. Automation in manufacturing boosts productivity and lowers costs. The most important success factor for businesses continues to be innovation in product material and design”, Says an FMI analyst.

Who is winning?

Leading manufacturers of garment steamer are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth globally.

Leading players operating in the global garment steamer market are Groupe SEB, Conair Corporation, Pure Enrichment Company, BLACK+DECKER Inc., Reliable Corporation, 4VOO, Koninklijke Philips N.V., Electrolux AB, Panasonic Corp., Hamilton Beach Brands Holding Company, Spectrum Brands, and AICOK among others.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global garment steamer market, presenting historical demand data (2018-2022) and forecast statistics for the period from 2023-2033.

The study divulges compelling insights on the garment steamer market based on product type (handheld/portable, upright/non-portable) by power, (below 750 watt, 750-1000 watt, 1000-1500 watt, 1500-2500 watt, 2500 watt & above), by water tank capacity (below 500ml, 500ml-1 litre, 1-2 litre, 2-3 litre, 3-4 litre, 4 litre & above), by material (plastic, anti-lock braking system (abs), metal, aluminium, stainless steel, cast iron, ceramic), by end user (household/residential, commercial), by sales channel (direct, indirect) across seven major regions.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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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Men’s Intimate Care Products Market is Projected to Grow at a CAGR of 10.3% by 2033 | FMI

Global sales of men’s intimate care products reached US$ 13,496.9 million in 2023. According to comprehensive industry analysis, the global market for men’s intimate care products is expected to advance at a compound annual growth rate (CAGR) of 10.3%, reaching a market valuation of US$ 35,972.8 million by 2033.

The products occupy 77 % of the market for men’s intimate care items. Intimate solutions With increasing awareness and acceptance, new lifestyles are spurring worldwide sales of men’s intimate care products.

Furthermore, the burgeoning e-commerce industry would, it was anticipated grow demand and therefore fuel further market growth in gender specific products such as shampoos, conditioners, beard oils Shaving Products supplier face masks or peels.

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Growing concerns surrounding health, body image, grooming, and hygiene are key drivers propelling the men’s personal care market forward.
Increased awareness of personal care routines, coupled with the influence of fashion trends and social media, is expected to further boost market growth.
Companies are expanding their product offerings in response to the growing demand for men’s personal care products, capitalizing on men’s increasing expenditure on personal grooming.
Notable companies such as P&G and Reckitt Benckiser are expanding their portfolios to cater to the demand for men’s personal care products.
Reckitt Benckiser’s Veet brand, for instance, introduced a hair removal cream for men in November 2019, diversifying its product range to include men’s grooming items, with plans for further expansion.
Products offering multiple functionalities beyond their traditional uses are experiencing increased demand, such as shaving creams, lotions, and moisturizers that also provide sun protection.
The rising trend of disregarding gender boundaries, particularly among Generation Z consumers, presents significant growth opportunities in the men’s personal care market.
With men increasingly embracing personal grooming as a form of self-care, there is a willingness to explore and use grooming products.
Brands are leveraging this shift by featuring more male models in advertising campaigns for unisex products, which has proven beneficial for emerging brands aiming to capture market share.

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Key Takeaways from the Market Study

The men’s intimate care products market is expected to grow at a CAGR of 10.3% over the forecast period.
North America is expected to dominate the men’s intimate care products market due to the high presence of major market players such as Procter & Gamble and Unilever.
Men’s intimate care products are dominated by antiperspirants, which are expected to hold 25.1% of the global market share in 2023.
The Asia Pacific market is expected to expand at a 9.2% CAGR.
The market for men’s intimate care products in Europe is predicted to grow at a CAGR of 8.9%.

Competitive Landscape:

There is a growing number of upcoming players entering the men’s intimate care goods market, albeit on a domestic basis. Globally, new products are being launched, driving significant growth. Men’s personal care product manufacturers may need to expand beyond their core millennial audience to reach a wider audience.

Several prominent companies dominate this market, including

The Procter and Gamble Company
Colgate Palmolive
Church & Dwight
Coty Inc.
Unilever PLC
L’Oreal S.A.
Reckitt and Benckiser
Beiersdorf A.G.

Recent Developments:

A sensitive skin shaving kit was introduced in March 2021 by Gillette called Gillette SkinGuard Sensitive.
With the introduction of male grooming products such as face cleansers, moisturizers, and nighttime serums in October 2021, Vedix announced its entry into the male skincare industry.
Gillette SkinGuard Sensitive, a Procter & Gamble brand, was launched in March 2021 as the first heated razor made specifically for men with sensitive skin.
Lumin, a company that develops skin care products for men, has introduced a UV-defense moisturizer that is non-toxic and sustainable.
As of December 2021, Vivalui launched skin cleansers for oily skin, dull skin, redness, and irritation for men.

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Key Segments Of Men’s Intimate Care Products Industry Survey

Men’s Intimate Care Products Market by Product:

Washes
Wipes
Antiperspirants
Creams/Moisturizers
Shaving Care
Others

Men’s Intimate Care Products Market by Nature:

Organic Men’s Intimate Care Products
Conventional Men’s Intimate Care Products

Men’s Intimate Care Products Market by Sales Channel:

Hypermarkets/Supermarkets
Specialty Stores
Independent Small Stores
Departmental Stores
Online Retailers
Other Sales Channels

Men’s Intimate Care Products Market by Packaging:

Aerosols
Sticks
Roll-ons
Bottles
Tubes
Others

Men’s Intimate Care Products Market by Price Range:

Premium Men’s Intimate Care Products
Mid-range Men’s Intimate Care Products
Economic Men’s Intimate Care Products

Men’s Intimate Care Products Market by Region:

North America Men’s Intimate Care Products Market
Latin America Men’s Intimate Care Products Market
Europe Men’s Intimate Care Products Market
East Asia Men’s Intimate Care Products Market
South Asia & Pacific Men’s Intimate Care Products Market
Middle East & Africa (MEA) Men’s Intimate Care Products Market

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Incontinence Skincare Products Market Set for a Remarkable Journey, Expected to Exceed US$ 4.55 Billion by 2033 | FMI

The incontinence skincare products market is predicted to be valued at US$ 2.93 billion in 2023 and US$ 4.55 billion by 2033. Over the projection period, sales in the incontinence skincare products market are expected to increase at a CAGR of 4.5%.

As the population in outlying countries is growing older and there are more cases of incontinence, need for special health products has increased. Now that people are more aware of incontinence and how it affects skin health, everyone is looking for advanced and effective skincare products. That’s what has been driving the market forward now:

As green consumers emerge, a desire for environmentally friendly incontinence skincare products has given rise. Businesses are on the lookout for biodegradable materials and working to reduce plastic waste, all while consumer awareness of environmental concerns has been rising.

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Thanks to these technological breakthroughs, creative products can be tailored in accordance with consumers’ needs. For example, intelligent skincare devices with sensor technology are gaining influence. They offer personalized care and instantaneous monitoring of skin conditions. In order to come up with products that not only treats incontinence-related skin problems, but is also beautiful and comfortable to use manufacturers are investing heavily on research and development. Improving the user experience raises customer satisfaction and loyalty.

A growing emphasis on inclusivity and diversity is driving the development of incontinence skincare products tailored to different age groups, genders, and cultural backgrounds. Companies are acknowledging the unique needs of diverse consumers and offering customized solutions.

Key Takeaways from the Incontinence Skincare Products Market:

According to FMI, the United States leads the growth in North America, accounting for approximately 4.3% CAGR during the forecast period.
In India, sales of incontinence skincare products are projected to surge at a 4.1% CAGR over the next decade.
Germany is expected to experience robust growth at a CAGR of 4.2% by 2023.
Future Market Insights predicts women to dominate the end-user segment with a CAGR of 4.7% over the next decade.
As per FMI, the creams segment is set to expand at an impressive 4.9% CAGR from 2023 to 2033.

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“The incontinence skincare products market shows promising growth prospects, driven by rising awareness, innovative solutions, and a focus on skin health. Key players are poised to make significant strides in the industry,” remarks an analyst at FMI.

How Key Players are Revolutionizing the Incontinence Skincare Products Market?

Key players are spearheading a revolution in the incontinence skincare products market through innovation and consumer-centric solutions. They prioritize research and development to create advanced skincare products tailored to meet the specific needs of individuals with incontinence.

These products focus on preventing skin irritation, providing gentle cleansing, and enhancing overall skin health. Key players leverage eco-friendly ingredients and sustainable packaging to address environmental concerns. Their emphasis on education and awareness campaigns aims to break stigmas and raise awareness about the importance of incontinence skincare. This dedication to improving the quality of life for consumers drives the transformation of the market.

Product Portfolio

With a diverse product portfolio, SvenskaCellulosa AB offers innovative incontinence skincare solutions, including absorbent pads and skin-friendly cleansing products, catering to various user needs and preferences.
Coloplast’s product portfolio boasts cutting-edge incontinence care solutions, such as discreet and comfortable catheters, pouches, and barrier creams, designed to improve the quality of life for users worldwide.
GAMA Healthcare’s comprehensive product portfolio features effective incontinence skincare products, including moist wipes and skin protection creams, addressing hygiene and skin health concerns with clinically proven formulations.

More Insights Available

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

To understand opportunities in the incontinence skincare products market, the report is segmented on the basis of Product Type (Creams, Lotions, Washes/Cleansers, Wipes and Gels/Oils), Price ( Low, Medium and High), End-User (Men, Women and Kids), Sales Channel (Hypermarkets/ Supermarkets, Pharmacy/Drug stores, Convenience stores, Wholesalers and Distributors and Online Retail Sales), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

Market Segmentation

By Product Type:

Creams
Lotions
Washes/Cleansers
Wipes
Gels/Oils

By Price:

Low
Medium
High

By End-User:

Men
Women
Kids

By Sales Channel:

Hypermarkets/ Supermarkets
Pharmacy/Drug stores
Convenience stores
Wholesalers and Distributors
Online Retail Sales

By Region:

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

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Small Kitchen Appliances Market is Likely to Advance at a CAGR of 3.2% During the Forecast Period 2033 | Future Market Insights, Inc.

Throughout the forecast period, the small kitchen appliances market is anticipated to witness substantial expansion, with a valuation projected to rise from US$ 105.84 billion in 2023 to US$ 145.0 billion by 2033. This growth trajectory signifies a compound annual growth rate (CAGR) of 3.2%. As consumers increasingly prioritize convenience and efficiency in their culinary endeavors, the adoption of small kitchen appliances is poised to experience steady advancement. This trend underscores the importance of innovation and technological advancements in meeting evolving consumer needs, driving the market forward and offering lucrative opportunities for industry players.

Subscription-style services for small kitchen appliances have also emerged as a fresh way of getting good products without having to make the new purchase. Not only does this trend increase affordability, it encourages product experimentation and customer loyalty.

As the number of smart kitchen gadgets increases, rental services for these devices are taking off. The advantage of this unusual premise is that consumers need not drop a lot for technology, yet they always enjoy the latest products. Consumers have become more demanding and are looking for products that meet their personal lifestyles. To meet this desire, manufacturers provide models with numerous customizable options–colors and finishes are matched to personalized specifications.

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In a space-constrained world, multi-functional appliances stand out. Small kitchen appliances designed to perform multiple tasks, such as air fryers doubling as toaster ovens or blender-bottle hybrids, are gaining popularity due to their versatility and space-saving benefits. Voice assistant technology is making its way into the kitchen. Voice-activated controls enable users to operate appliances hands-free, enhancing convenience, especially when handling tasks like setting timers or adjusting cooking temperatures.

Key Takeaways from the Market

According to FMI, the United States leads the way in driving growth throughout North America, with a remarkable CAGR of 3.1% projected by 2033.
Sales of small kitchen appliances are expected to surge at 3.2% CAGR across China in the next ten years.
India is expected to augment at a CAGR of 3% during the forecast period.
As per Future Market Insights, residential small kitchen appliances are expected to dominate the end use with a CAGR of 3.5% from 2023 to 2033.
As per FMI, the small cooking appliances segment is poised to expand at over 3.7% CAGR in the projected period.

“The small kitchen appliances market is witnessing a remarkable surge, driven by shifts in consumer lifestyles, seamless integration of technology, and the growing demand for sustainable product options. Key players’ innovative approaches propel the market forward,” remarks an analyst at FMI.

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How Key Players are Revolutionizing the Small Kitchen Appliances Market?

Key players in the small kitchen appliances market are orchestrating a revolutionary shift by embracing cutting-edge technology and catering to evolving consumer demands. They are introducing smart appliances integrated with IoT, empowering users to control and customize their kitchen gadgets remotely. Sustainability is at the forefront, with manufacturers utilizing eco-friendly materials and energy-efficient technologies.

Compact and multifunctional designs maximize space utilization, appealing to urban dwellers. Collaborations with renowned chefs and designers yield innovative and aesthetically pleasing products, captivating discerning consumers. With a focus on user experience, these key players are redefining convenience, efficiency, and style, steering the small kitchen appliances market towards unprecedented growth and transforming cooking experiences worldwide.

Key Players Are:

Groupe SEB
Electrolux AB
BSH Hausgeräte GmbH
Whirlpool Corporation
Haier Group
Panasonic Corporation
LG Electronics
Dongbu Daewoo Electronics
Samsung Electronics
Breville
Miele
Koninklijke Philips N.V.
Conair Corporation

Product Portfolio

Offering an extensive product portfolio, BSH is a leading home appliance manufacturer, renowned for its innovative and high-quality kitchen and laundry appliances. With a focus on sustainability and user-centric designs, BSH continues to elevate the home appliance market.
Whirlpool Corporation excels with a diverse product range that encompasses cutting-edge kitchen and laundry appliances. Backed by decades of expertise, their offerings cater to modern lifestyles, delivering superior performance, energy efficiency, and stylish designs.
As a global pioneer, Haier Group impresses with a comprehensive product portfolio, including refrigerators, washing machines, air conditioners, and more. Their state-of-the-art solutions integrate smart technology and eco-friendly features, empowering consumers worldwide.

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Market Segmentation

By Product:

Small Cooking Appliances
Food Preparation Appliances
Beverage Making Appliances

By Price Range:

Mass
Premium

By End-Use:

Residential
Commercial

By Sales Channel:

Wholesalers/ Distributors
Hypermarkets/ Supermarkets
Multi-brand Stores
Independent Stores
Online Stores
Others

By Region:

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

Author

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

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

About Future Market Insights (FMI)

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

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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Sustainable Solutions: Eco-Friendly Approaches to Sterile Barrier Packaging

Sterile barrier packaging is a specialized type of packaging designed to maintain the sterility of medical devices, pharmaceutical products, and other healthcare items throughout their distribution and use. It provides a protective barrier against contamination by microorganisms, moisture, and other environmental factors, ensuring the integrity and safety of the packaged items.

The global sterile barrier packaging industry 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 Aspects:

Sterility Maintenance: The primary function of sterile barrier packaging is to maintain the sterility of medical devices, pharmaceuticals, and other healthcare products from the point of manufacture to the point of use. It prevents the ingress of microorganisms, dust, moisture, and other contaminants that could compromise the sterility of the packaged items.
Material Selection: Sterile barrier packaging is typically made from materials that are compatible with sterilization processes such as gamma radiation, ethylene oxide (EtO) sterilization, steam sterilization (autoclaving), or electron beam (e-beam) sterilization. Common materials used for sterile barrier packaging include medical-grade plastics, films, foils, and laminates.
Sealing Integrity: The packaging must be hermetically sealed to prevent the entry of contaminants and maintain the sterility of the packaged items. Sealing methods may include heat sealing, ultrasonic welding, or adhesive bonding, depending on the packaging material and sterilization method used.
Visibility and Inspection: Sterile barrier packaging often includes features such as transparent windows or indicators that allow for visual inspection of the packaged items without compromising sterility. These features enable healthcare professionals to verify the integrity of the packaging before use and ensure that the contents remain sterile.
Compatibility with Sterilization Methods: Sterile barrier packaging is designed to withstand the rigors of sterilization processes without compromising its integrity or performance. It must be able to maintain its barrier properties and sealing integrity under the conditions of the chosen sterilization method, ensuring that the packaged items remain sterile until they are ready for use.

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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

Antimicrobial Wipes Market Projected to Hit a Valuation of US$ 27 Billion by 2033 | FMI

The antimicrobial wipes market is anticipated to be worth US$ 10.04 billion in 2023 and US$ 27 billion by 2033. During the projected period, the use of antimicrobial wipes is expected to grow at a CAGR of 10%.

Now that environmental consciousness has become the focus, consumers and businesses alike are looking for sustainable options. With the incorporation of eco-friendly ingredients, biodegradable wipes and recyclable packaging this creates a great opportunity for market players to tap into the increasingly environmentally conscious consumer.

In today’s consumer-driven market, the fad of customizable antimicrobial wipes seems to be gaining steam. Tailoring wipes to particular uses, for different skin types or even fragrances can ramp up user satisfaction and develop brands while distinguishing products in a crowded market. Hygiene meets technology: A new day is dawning. Intriguing is the direction of smart packaging that can show usage, expiration date or even prove how many times a case has been disinfected.

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Antimicrobial wipes infused with innovative ingredients like nanoparticles or probiotics are pushing the boundaries of product efficacy. While healthcare remains a dominant sector, antimicrobial wipes are branching into diverse fields. From fitness centers to transportation, educational institutions to hospitality, the potential to curtail the spread of germs in various environments presents an expansive playing field.

Key Takeaways from the Antimicrobial Wipes Market Report

The antimicrobial wipes market is led by the United States, projecting a 9.9% CAGR until 2033.
China is at the forefront, anticipating 9.8% CAGR growth in protective clothing by 2033.
The United Kingdom is poised for a 9.7% CAGR by 2033.
The skincare wipes segment is set to dominate with a 55% global antimicrobial wipes market share in 2023.
FMI predicts the scented antimicrobial wipes segment to grow at a remarkable 10.3% CAGR through 2033.

“The growth of the antimicrobial wipes market is striking, fueled by an increased consciousness about hygiene. Increasing demand for effective pathogen control underscores its pivotal role in modern health and wellness”, remarks an analyst at FMI.

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How Key Players are revolutionizing the Antimicrobial Wipes Market?

In the ever-evolving landscape of hygiene and wellness, key players are orchestrating a remarkable revolution within the antimicrobial wipes market. With an unwavering commitment to health and safety, these industry leaders are redefining standards and reshaping consumer expectations.

Harnessing cutting-edge research and technology, these key players are introducing antimicrobial wipes that go beyond mere cleanliness, offering an unparalleled level of protection against harmful pathogens. Innovative formulations, combining powerful disinfectants with gentle ingredients, are ensuring effective germ eradication while being safe for everyday use.

The revolution extends to sustainability, as these pioneers prioritize eco-friendly materials and packaging, reflecting a holistic approach to health – for both individuals and the planet. Through strategic collaborations, rigorous quality control, and a consumer-centric mindset, these trailblazers are setting a new precedent, elevating the Antimicrobial Wipes market to unprecedented heights. They continue to push boundaries, the health and well-being of communities stand to gain, making a profound impact on the way we approach hygiene in the modern world.

Product Portfolio

Crosstex International, Inc. presents a diverse product portfolio of innovative infection prevention solutions. From high-quality facemasks and sterilization pouches to advanced waterline treatment options, Crosstex ensures uncompromised safety for healthcare settings worldwide.
coVita offers a cutting-edge range of personal protective equipment, including face masks, gloves, and sanitization essentials. Committed to safeguarding communities, coVita’s products combine comfort with effective protection, empowering individuals to embrace daily routines with confidence.
Hopkins Medical Products stands as a trusted source for top-tier medical supplies. With an array of specialized products spanning from diagnostic tools to patient care essentials, Hopkins supports medical professionals in delivering exceptional care and optimal patient experiences.

More Insights Available

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

To understand opportunities in the antimicrobial wipes market, the report is segmented on the basis of product (skincare wipes and surface disinfectant wipes), end user (hospitals/healthcare centers, offices/commercial, food services, food processing industry, manufacturing & industrial, schools & universities, hospitality, groceries, convenience stores and retail, individuals and household), nature (scented antimicrobial wipes and unscented antimicrobial wipes) and sales channel (hypermarkets/supermarkets, specialty stores, discount stores, multi-brand stores, online retail sales and independent departmental stores), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

Market Segmentation

By Product:

Skincare Wipes
Surface Disinfectant Wipes

By End User:

Hospitals/Healthcare Centers
Offices/Commercial
Food Services
Food Processing Industry
Manufacturing & Industrial
Schools & Universities
Hospitality
Groceries
Convenience Stores and Retail
Individuals
Household

By Nature:

Scented Antimicrobial Wipes
Unscented Antimicrobial Wipes

By Sales Channel:

Hypermarkets/Supermarkets
Specialty Stores
Discount Stores
Multi-brand Stores
Online Retail Sales
Independent Departmental Stores

By Region:

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

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Green Printing: The Benefits of Eco-Friendly Inks

Eco-friendly inks, also known as sustainable or environmentally friendly inks, are printing inks that are formulated with components that have minimal impact on the environment compared to traditional petroleum-based inks. These inks are designed to reduce environmental pollution, conserve natural resources, and promote sustainability throughout the printing process.

The Eco-friendly Inks sector is poised for robust and sustained growth, with a projected Compound Annual Growth Rate (CAGR) of 5.8% expected to drive the industry forward. According to FMI’s analysis, this growth will translate into a significant increase in revenue share, with the market expanding from US$ 4.3 billion in 2022 to reach US$ 7.5 billion by the year 2032.

The burgeoning focus on environmental sustainability and the tightening grip of regulatory measures governing eco-friendly practices within the printing industry are pivotal drivers propelling market growth. This surge in consciousness has sparked a notable uptick in the demand for printing technologies that prioritize environmental considerations, such as digital printing, 3D printing, and UV printing.

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Recent Developments

The Flint Group introduced an ultraviolet (UV) ink solution for flexible packaging in April 2016. Excellent printing quality, process stability, and great transfer efficiency are all features of this ink system.
“Ink Answers” is a comprehensive digital search engine that Kao Collins Inc., a well-known producer of industrial inkjet inks, introduced in July 2021. It connects inks with substrates used in label and narrow web printing.
Sun Chemical won the Tag & Label Manufacturers Institute’s Calvin Frost Sustainability Leadership Journey Award for Suppliers in October 2022.

Key Aspects:

Biodegradable Ingredients: Eco-friendly inks are formulated with biodegradable and renewable ingredients derived from natural sources such as plant-based oils, vegetable extracts, and water-based resins. These ingredients break down easily in the environment, reducing the accumulation of harmful chemicals and toxins.
Low VOC Emissions: Volatile organic compounds (VOCs) are harmful chemicals that contribute to air pollution and can pose health risks to humans and ecosystems. Eco-friendly inks are formulated with low VOC content, resulting in reduced emissions of harmful pollutants during the printing process.
Non-toxic Formulation: Unlike traditional inks that contain toxic heavy metals and hazardous chemicals, eco-friendly inks are free from harmful substances such as lead, mercury, and cadmium. This makes them safer for use in printing applications and reduces the risk of exposure to harmful toxins for printers and consumers.
Renewable Resources: Eco-friendly inks utilize renewable resources such as soybean oil, linseed oil, and other plant-based oils as primary ingredients. These renewable resources are abundant and sustainable, reducing reliance on finite fossil fuel-based resources and contributing to a more sustainable printing industry.

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Benefits of Eco-friendly Inks:

Reduced Environmental Impact: Eco-friendly inks help reduce air and water pollution, minimize waste generation, and conserve natural resources compared to traditional petroleum-based inks. They contribute to a cleaner and healthier environment for both humans and wildlife.
Health and Safety: By eliminating toxic chemicals and reducing VOC emissions, eco-friendly inks provide a safer working environment for printers and contribute to improved indoor air quality in printing facilities. They also reduce the risk of exposure to harmful substances for consumers who come into contact with printed materials.
Sustainability: Eco-friendly inks support sustainable printing practices by promoting the use of renewable resources, reducing energy consumption, and minimizing waste generation throughout the printing process. They align with the principles of sustainability and help printers meet the growing demand for environmentally responsible printing solutions.
Quality and Performance: Despite their environmentally friendly formulation, eco-friendly inks offer comparable performance and quality to traditional inks. They deliver vibrant colors, excellent adhesion, and durability, ensuring high-quality printed materials that meet customer expectations.

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Thailand Culinary Tourism Market Achieves US$ 123,951.28 Million, Forecasting an 18.2% CAGR Advancement by 2032 | FMI

The Thailand culinary tourism market which has a valuation of US$ 23,285 million in 2022, is expected to reach a mammoth valuation of US$ 123951.28 million in 2032. Sales are projected to increase at a 18.2% CAGR.

Thailand culinary tourism is synonymous to variety. The place is heaven to a wide variety of food lovers, be it vegans, or those who want to try out the sumptuous sea food. Apart from that, the Thai tradition that is adopted for the preparation such delicious food is something that sets it apart from the rest of the world, and tourists love to know everything about the food starting from Thai cuisine basics

One of the most important factors which is driving the Thailand culinary tourism market is the rise in the disposable income across the globe. People are earning more today as compared to what they were five years back. Because of this they can afford to spend to experience the rich Thai cuisine.

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The airline operators have been observing the trend of surge in the Thailand tourism market. Because of this, the number of flights for Thailand have significantly increased over the years. A large chunk of visitors who visit Thailand are gourmands. This is expected to significantly surge the demand for Thailand culinary tourism.

Moreover, there are a number of food chains which are on a spree to expand their market in Thailand. This is because of the growing fane base of Thailand culinary tourism market.

The Thailand culinary tourism market is expected to grow due to the presence of many traditional grocery stores. In addition, various flavours of spices, curries and Thai cuisine are always looked up to by many tourists.

The Thailand government has decided to give mark of certification to local and big restaurants too who serve authentic Thai cuisine. This would ensure that utmost care is taken while preparing any kind of cuisine, which would increase footfall in the restaurants.

Moreover, if we look at the macroeconomic point of view, the value of Thai Baht is quite low as compared to a lot of other currencies. This makes visiting and enjoying the Thai culinary much more affordable.

Key Takeaways:

The expected CAGR for the Thailand culinary tourism market is 18.2%.
The valuation of Thailand culinary tourism market as on 2022 is US$ 23285 million.
The expected valuation of Thailand culinary tourism in 2032 is US$ 123951.28 million.
Food festivals have always been the most preferred activity tourists want to do
Online booking is the most used booking channel in Thailand Culinary Tourism
Package traveler is the most tour type in Thailand Culinary Tourism market
Men have the highest market share based on the consumer orientation.
Domestic tourists have the highest market share in the Thailand culinary tourism market.
The age group of 26-35 has the highest market share in the Thailand culinary tourism market.

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Competitive Landscape

Increasingly popular among international visitors who are also confronting street food are culinary excursions, which are growing increasingly receptive to spicy cuisine. The key players carefully plan our trips to include culinary outlets with a focus on quality and sanitation to offer a safe experience for international visitors. These tour possibilities are increasingly being investigated by both domestic and international travelers.

The panorama destination Thailand had shifted its office back to its original base in Jakarta in January 2020. This was a major step towards increasing team productivity, work time effectiveness and increase synergy with other business units in Panorama Group.
In 2020, Expique’s “Bangkok by night: Temples, Markets, and food by tuk tuk” was recognized as No.1 experience in Thailand in 2020 Travelers’ choice awards.

Key Companies Profiled

Bangkok Food Tours
A Chef’s Tour (Bangkok)
I Asia Thailand
Chiang Mai Street Food Tours
Withlocals
Chiang Mai Foodie Tours
Food Adventure Food Tours in Bangkok
TakeMeTour
Bangkok Food Tours
Panorama Destination Thailand
Expique – Bangkok Tours and Experiences
Feast Thailand
Secret Food Tours Bangkok
ForeverVacation Bangkok
Bangkok Urban Adventures
Magical Trip Bangkok

The Thailand Culinary Tourism Market Segmentation

By Activity Type:

Culinary Trials
Cooking Classes,
Restaurants
Food Festivals
Others

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveller
Package Traveller
Tour Group

By Consumer Orientation:

Men
Women

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

New Zealand Sustainable Tourism Market Poised for a 16.3% CAGR Surge by 2032 | FMI

New Zealand Sustainable Travel Market — New Zealand Sustainable Tourism Market

The New Zealand sustainable tourism market is poised to reach a valuation of US$ 8.1 million in 2022. The total sales in New Zealand sustainable tourism market are projected to increase at a 16.3% CAGR during the forecast period (2022 to 2032).

Rising focus of government towards achieving sustainability along with introduction of various initiatives and programs is a key factor driving growth in the New Zealand sustainable tourism market.

By 2025, the New Zealand Tourism Sustainability Commitment hopes to have every tourism firm in the country committed to sustainability. Sustainability encompasses not just environmental, but also social, economic, and giving visitors good experiences.

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New Zealand has some of the most beautiful landscapes and natural settings in the world. The uniqueness of the nature and environment attracts more people to New Zealand to experience the natural beauty of the country.

Key takeaways

Based on tourism type, eco-tourism segment is likely to outpace other segments over the assessment period.
By tour type, the package travelers are estimated to account for the largest revenue share of New Zealand sustainable tourism market by 2032.
Based on booking channel, the online booking channel remains most preferred by tourists.
By age group, 26-35 age group segment will continue to hold the highest share in the New Zealand sustainable tourism market during the forecast period.
In terms of tourist type, domestic tourist segment will be the most remunerative in the market during the forthcoming decade.

Who is Winning?

Leading companies providing New Zealand sustainable tourism are focused on maintaining sustainable tours and eco-friendly practices during the trip, advertising popular tourist destinations in New Zealand, and launching new offers.

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Some of the key players include

Aroha Tours
Flying Kiwi
Tuatara Tours
Pure Trails
Air New Zealand
Tourism New Zealand
Active Adventures
Bush and Beach
New Zealand Encounters and Travel Ltd
Hiking New Zealand
Zealandier Tours
Guest New Zealand
Queenstown
Haka tourism group

New Zealand Sustainable Tourism Market by Category

By Tourism Type, New Zealand Sustainable Tourism Market is segmented as:

Eco-Tourism
Green Tourism
Soft Tourism
Community Tourism

By Booking Channel, New Zealand Sustainable Tourism Market is segmented as:

Phone Booking
Online Booking
In-Person Booking

By Tourist Type, New Zealand Sustainable Tourism Market is segmented as:

Domestic
International

By Tour Type, New Zealand Sustainable Tourism Market is segmented as:

Independent Traveler
Tour Group
Package Traveler

By Consumer Orientation, New Zealand Sustainable Tourism Market is segmented as:

Men
Women

By Age Group, New Zealand Sustainable Tourism Market is segmented as:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Australian Concrete Pump Market: Pioneering Innovations for a US$ 372.3 Million Vision by 2033

According to Future Market Insights (FMI), the Australian concrete pump market is expected to reach a valuation of US$ 372.3 million by 2033. Its predicted growth rate from 2023 to 2033 is a staggering 6.0% CAGR. A market valuation of US$ 208.4 million is anticipated in 2023.

The need for concrete pumps in the building sector in Australia is expected to increase. Concrete pumps pour concrete with a high degree of precision and quality, which is likely to increase demand for them.

Concrete pumps are considered to be essential equipment in the construction sector across Australia. Their ability to efficiently transfer liquid concrete from a mixing truck to the concrete site is likely to make them immensely popular. High demand for residential and commercial buildings in the country is projected to accelerate concrete pump demand in the forecast period.

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The government of Australia is estimated to invest in several infrastructure projects such as roads, bridges, and public transportation. Such projects require concrete pumps and the factor is set to lead to increased demand across different regions in Australia.

The growing usage of building information modeling (BIM) to create digital models of construction projects is another crucial factor that would drive sales. Concrete pumps are expected to be integrated with BIM models in Australia in the next ten years.

These would also allow for accurate planning and execution of concrete placement. These pumps are also expected to aid in reducing waste and improving concrete efficiency.

Key manufacturers are developing automated concrete pumping systems that are self-level, self-compacting, and self-smoothing. These systems are likely to help in correcting concrete consistency without any interventions.

Key Takeaways From the Australia Concrete Pump Market Study:

By type, mobile concrete pumps are estimated to create an incremental opportunity of US$ 123.0 Million during the forecast period.
In terms of end-use, the residential segment is anticipated to exhibit a CAGR of 5.8% from 2023 to 2033.
Queensland region is projected to hold a market share of about 24.8% by the end of 2023.
New South Wales is expected to generate an Australian concrete pump industry share of around 22.0% in 2033.
The Tasmania concrete pump market is anticipated to hold a share of 4.9% in 2023.

‘Need for highly sustainable construction practices is expected to boost sales of concrete pumps in Australia through 2033. Concrete pumps can help to reduce waste and improve efficiency in the construction process, which can have a positive impact on the environment.’– says a lead analyst at FMI.

Get Find More Valuable Insights:

The research report analyzes the market demand trends of the Australia concrete pump industry. The market estimation and growth projection are based on factors such as end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of concrete pumps.

As per Future Market Insights (FMI) research scope, the Australia concrete pump market has been studied and segmented on the basis of type (static concrete pump, mobile concrete pump, specialized concrete pump), end use (residential, commercial, industrial), and region. The report provides qualitative and quantitative information on various players in the market. This report also tracks the supply and demand sides of the market.

Competitive Landscape:

Australia concrete pump market is fairly consolidated owing to the presence of prominent players across various regions. Unorganized players are estimated to account for around 25%to 30% of market shares. Prominent players are focusing on the development of new products and are collaborating with dealers to meet changing requirements of consumers.

For instance,

In November 2022, A China-based manufacturer called SANY Group increased emphasis on the creation of new products and invested in research initiatives to boost its position. It specializes in the research, manufacturing, and global distribution of machinery and equipment for the construction industry.
In February 2022, Zoomlion Heavy Industry Science & Technology Co., Ltd. announced that it creates and produces high-tech equipment. The company has primary consumers in the technical and agricultural sectors. It is actively pursuing strategic transformation in an effort to become a producer of high-end machinery. By fusing financial services, agricultural equipment, and technical equipment, it aims to expand its presence.

Key Companies Profiled:

Sany Group
Zoomlion Heavy Machinery Co, Ltd.
Liebherr-Australia Pty. Ltd
SCHWING GmbH
Concord Concrete Pumps
PUTZMEISTER
Transcrete
Ajax Fiori Engineering
Samil Heavy Industries Co.
Callaghan Concrete Pumps Pty Limited
W WIN Engineering Pty Ltd
Flowcrete Group Pty Ltd

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Australia Concrete Pump Market Outlook by Category

By Type:

Static Concrete Pump
Mobile Concrete Pump
Specialized Concrete Pump

By End use:

Residential
Commercial
Industrial

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 is 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 5,000 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