AI In Fintech Market Hits US$ 54 Billion, Maintaining 16.5% CAGR Momentum

The size of the worldwide AI in fintech market was estimated at US$ 10.1 billion in 2021 and is predicted to increase by 16.4% year over year to US$ 11.76 billion in 2022. Demand is anticipated to increase from 2022 to 2032 at a CAGR of 16.5%, reaching US$ 54 billion.

With a 16% CAGR from 2017 to 2021, the market grew strongly. Another important aspect contributing to the industry’s growth during the assessment period is the growing application in the business analytics and reporting segment. The managed service is expected to expand swiftly due to its assistance in managing AI-enabled finance apps. Fintech startups are utilizing AI to offer the expert offerings anticipated to propel the segment’s growth.

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On the other hand, the market’s progress is anticipated to be significantly hampered by the growing instances of private information leakage and debit card cloning. Another obstacle preventing the industry’s growth in the future is the correct integration and analysis of a vast amount of data, which further complicates the process.

Key Takeaways from the AI In Fintech Market Report:

  • AI in fintech for business analytics and reporting captured a 32% market share, documenting a CAGR of 16% throughout the forecast period
  • An on-premise segment to expand at a CAGR of 17% during the forecast period
  • North America is expected to secure US$ 35 Billion by 2032 while expanding at a CAGR of 16.5%
  • Asia Pacific to record a CAGR of 16.5% during the forecast period
  • The global market for AI in fintech to surge 4.6x from 2022 to 2032

Leading Key Players:

  • Microsoft
  • Google LLC
  • Salesforce Inc.
  • IBM Corporation
  • Amelia US LLC
  • Nuance Communications Inc.
  • Complyadvantage.com
  • Narrative Science
  • Affirm Inc.
  • Upstart Network Inc.
  • Intel
  • Instructure Inc.

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AI in Fintech Market Segmentation:

By Components:

  • AI in Fintech Solutions
  • AI in Fintech Services
    • Managed
    • Professional

By Deployment:

  • Cloud-based AI in Fintech
  • On-premise AI in Fintech

By Application:

  • AI in Fintech across Virtual Assistants
  • AI in Fintech across Business Analytics and Reporting
  • AI in Fintech across Customer Behavioural Analytics
  • AI in Fintech across Fraud Detection
  • AI in Fintech across Quantitative and Asset Management
  • AI in Fintech across Other Applications

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & 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 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
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Website: https://www.futuremarketinsights.com
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USA Skilled Nursing Facility Market Charts a Course for Exemplary Growth, Poised to Surpass US$ 251.94 Billion by 2032-FMI Projection

It was projected that the USA skilled nursing facility market would be valued US$ 181.74 billion by 2022. With a target value of US$ 251.94 billion, it is anticipated to expand at a compound annual growth rate (CAGR) of 3.32% from 2022 to 2032. Because skilled nursing facilities provide great care at a fraction of the expense of hospitals, there is a huge demand for them. The ageing population and increased prevalence of chronic illnesses in the US are driving up demand for skilled nursing facilities.

With 14.3 million persons over the age of 65 suffering from chronic diseases such as diabetes, paralysis, and hypertension, the demand for skilled nursing homes in the United States has increased by 9%. The availability of Medicare and Medicaid, as well as rising technologies, will drive future changes in the United States skilled nursing facility industry in the coming years.

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The increased frequency of chronic illnesses is projected to influence significant trends and opportunities in the US skilled nursing facility industry in the future years. The COVID-19 epidemic had a negative impact on the skilled nursing facility business in the United States. Because the USA skilled nursing institutions were COVID-19 hotspots, adoption of USA skilled nursing facilities was restricted.

Following the COVID outbreak, skilled care homes in the United States deployed wireless videoconferencing technologies to protect patients and employees from infection. Patients in skilled nursing institutions have access to the internet in their rooms, allowing them to communicate with friends, family, and staff.

The majority of skilled nursing facilities are nursing homes that offer long-term care services that are not covered by Medicare. As a result, the availability of reimbursement and attractive investment returns, as well as significant trends and opportunities in the USA skilled nursing facility market, are driving market expansion. Thus, according to Future Market Insights’ research, “with the increase in the health issues of the geriatric population and increase in chronic diseases, the adoption of US skilled nursing facility is projected to increase during the forecast period.”

Key Takeaways:

The most affordable type of facility that offers 24-hour service is freestanding. High Medicare payments are a major growth driver in this segment escalating the USA skilled nursing facility adoption trends.

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The hospital skilled nursing facilities category is predicted to develop significantly throughout the forecast period, favourably impacting future trends in the USA skilled nursing facility market.

For-profit facilities have dominated the ownership section of the skilled nursing facilities market in the United States. Non-profit skilled nursing institutions are predicted to be the fastest-growing market during the forecast period. Government skilled nursing institutions had a smaller market share in the United States than for-profit and non-profit facilities over the projection period.

Competitive Landscape:

The skilled nursing facility market in the United States is fragmented due to the presence of various local enterprises. Businesses are also increasing their service portfolios. They are also concerned with keeping their prices competitive.

Genesis Healthcare; Brookdale Senior Living Solutions; The Ensign Group; Inc; Extendicare; Sunrise Senior Living; LLC; Life Care Services; Golden Living Centres; Life Care Centres of America Corporate; Peninsula Behavioral Health; Sava Senior Care Administrative Services LLC; Lincare, Inc.

These skilled nursing facility market companies in the United States are continually developing new goods, utilising various techniques such as mergers and acquisitions, partnerships, collaborations, and more.

Key Segments

By Type:

  • Freestanding
  • Hospitals

By Ownership:

  • For-Profit
  • Non-Profit
  • Government

By Region:

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

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Author By:

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

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

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

About Future Market Insights (FMI)

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

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Forecast Value of the Indoor Farming Market Is US$ 1,06,963.1 Million by 2033 | FMI

The indoor farming market is estimated to be valued at US$ 42,097.4 million in 2023. In contrast, the market was valued at US$ 38,783.8 million in 2022. The market is expected to grow at a CAGR of 9.8% over the forecast period from 2023 to 2033. The valuation of the indoor farming market is forecasted to be US$ 1,06,963.1 million by 2033.

Traditional outdoor farming is being augmented with indoor farming to fulfill the food demands of the ever-increasing global population. Thus, the rising global population is driving the adoption of indoor farming methods.

Due to factors like global warming and land struggles, there is a growing dearth of arable land. Farmers are turning to indoor farming in the absence of farmable land. Indoor farming is also giving more control to farmers. With indoor farming, farmers are able to monitor the resources used and are thus able to make savings on costs.

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As farmers gain more control over crop production with modern methods, indoor farming has more scope. Indoor farming enables farmers to grow exotic crops, regardless of geography. Indoor farming also allows first-time and amateur farmers to join the ranks and open small-scale operations.

Key Takeaways from the Indoor Farming Market

  • The indoor farming market is expected to be US$ 42,097.4 million in size in 2023.
  • Greenhouses are the most common type of facility used in indoor farming. In 2023, greenhouses hold 45.2% of the market share by facility type.
  • Hydroponics is the system most used to grow food in indoor farming. The hydroponics segment accounts for 47.4% of the market share in 2023.
  • Australia is predicted to be one of the fastest-growing countries in the market. From 2023 to 2033, the CAGR for the market in Australia is expected to be 11.9%.
  • Japan is one of the Asian countries with significant potential for market growth. The CAGR for Japan market is predicted to be 11.8% through 2033.
  • The CAGR of the market in Canada is pegged at 10.4% over the forecast period.

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Competition Analysis of the Indoor Farming Market

The fragmented market holds promise for both big-name and small-scale players. Sustainability and the preservation of resources are priorities for many of the players in the market. Some of the prominent companies in the market are Argus Control Systems Ltd., Certhon, AeroFarms, Bright Farms Inc., and Richel Group.

Top 10 Key Players in the Indoor Farming Market

  • AeroFarms
  • Argus Control Systems Ltd.
  • Bowery Inc.
  • Bright Farms Inc.
  • Certhon
  • FreshBox Farms
  • General Hydroponics
  • Hydrodynamics International
  • Illumitex
  • Lumigrow

Recent Developments in the Indoor Farming Market

  • In October 2023, a new plant was announced for the Como region of Italy by Planet Farms. The brand is interested in market expansion.
  • In August 2023, Gotham Greens launched a second greenhouse in the Colorado region of the United States. The indoor farm is high-tech and uses hydroponics.
  • In May 2022, Fluence was acquired by Signify Holding. By means of the acquisition, Signify Holding takes a step into the lighting sector of the indoor farming market.

Key Segments in the Indoor Farming Industry

By Facility Type:

  • Greenhouse
  • Indoor Vertical Farm
  • Container Farm
  • Indoor Deep Water Culture System
  • Other Facility Type

By Growing System:

  • Aeroponics
  • Hydroponics
  • Aquaponics
  • Soil-based
  • Hybrid

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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By 2033, the Scented Candle Market is Expected to Reach a Value of US$ 5.64 Billion | FMI

The global scented candle market is estimated to reach US$ 3.76 billion in 2023. From 2023 to 2033, the demand for aromatic candles will rise at a healthy CAGR of 4.10%, taking the total market value to US$ 5.64 billion by 2033.

Gamers now provide small limited-edition candles in addition to standard-sized candles, which are well-liked as gift choices. Some of the fragrances being promoted include berries, roses, pine trees, jasmine, musk, fig trees, wood fire, and mimosa.

Manufacturers are introducing limited edition scents and seasonal scents to boost sales. For instance, DIPTYQUE is selling a set of 5 scented candles that are part of a limited edition. Additionally, gift-giving options are being marketed for these candles.

Personalization is also taking centre stage in the market due to changing consumer preferences. In response, businesses offer customers the option to personalise and customise their candles by letting them select the scents and include messages and notes. Such changes are predicted to open up opportunities for market expansion.

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Besides scents, companies are focusing on enhancing their packaging designs as the visual appeal of the product plays a major role in shaping consumer preferences. Leather bag inspired box, print box packaging, and eco-friendly sustainable packaging are some packaging options offered by the manufacturers.

“Scented candles are being promoted as décor accents for homes as they provide ambient light and a luxurious visuals. Many of the scented candles are also being promoted as anxiety and stress reducer fragrances. Such developments are expected to augment the growth of the market through 2032,” says an FMI analyst.

Key Takeaways:

  • In terms of product type, container-based candles are expected to dominate the market.
  • Based on the shape, sales of round scented candles will grow at a 3.4% CAGR.
  • Demand for multi wick candles will increase at a 5.2% CAGR through 2032.
  • Sales through online channels are projected to grow at a healthy 6.9% CAGR over the assessment period.
  • The U.S. will continue dominating the North America scented candles market, driven by high demand for limited edition candles.
  • Sales in the U.K. scented candles market will increase at a 3% CAGR over the forecast period.
  • India will emerge as a lucrative market, with sales projected to increase at a 2.9% CAGR over the assessment period.

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Competition Landscape

Leading players operating in the global scented candles market are investing in promotional strategies, advertisements, and new product launches with limited edition scents to gain a competitive edge in the market.

Key players operating in the market profiled by FMI include Newell Brands, MVP Group International, Estee Lauder Companies, NEST New York, Thymes, LLC.,L Brands, Portmeiron Group Plc., The Yankee Candle Co. Inc., The White Barn Candle Co., Village Candles, Bridgewater Candles., etc.

Scented Candles Market By Category

Product Type:

  • Container Based Scented Candles
  • Pillar Scented Candles
  • Others

Shape:

  • Round
  • Flower
  • Heart
  • Oval
  • Others

No. of Wicks:

  • Single Wick
  • Multi Wicks

Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Acrylic Airless Bottle Market: Sealing Success with a 6% CAGR by 2032

Acrylic Airless Bottle Market

Anticipating a consistent uptrend, the global acrylic airless bottle market is poised to witness a substantial Compound Annual Growth Rate (CAGR) of 6% throughout the forecast period. This growth is significantly bolstered by the rising consumer demand for anti-aging products, acting as a key driver in propelling the market’s expansion. As consumers increasingly prioritize skincare and cosmetic solutions that enhance product longevity and preserve efficacy, the acrylic airless bottle market stands to benefit from this trend. The market’s trajectory reflects a harmonious alignment with evolving consumer preferences and an increasing emphasis on product preservation and quality.

In the Asia Pacific, remarkable growth in the sales of global acrylic airless bottles is foreseen. This is attributed to the increasing purchasing power of consumers and the rapid urban population expansion, which propels the demand for high-quality cosmetics and personal care products, thereby driving the need for reliable and attractive packaging solutions like acrylic airless bottles.

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Recent Developments in the Global Acrylic Airless Bottle Market

  • In May 2017, Rusi Cosmetic GmbH & Co. KG. Acquired by HCP Packaging.
  • In January 2016, Mega Airless acquired by AptarGroup, Inc. it will help AptarGroup to expand its product portfolio.
  • In February 2019, Architectural Beauty acquired by Fusion Packaging a cosmetics and skincare development company. Fusion Packaging named it as Fusion PKG Beauty Lab (Turkey)

Some of the leading players catering to the rising demand for global acrylic airless bottle are 

  • Radcom Packaging Private Limited,
  • AptarGroup, Inc.,
  • Fusion Packaging Solutions Inc.,
  • Libo Cosmetics Company, Ltd.,
  • HCP Packaging USA Inc.,
  • Albéa S.A,
  • Raepak Ltd.,
  • Lumson SPA,
  • Quadpack Industries, S.A., and
  • Silgan Dispensing Systems.

Market Dynamics: Trends and Growth Drivers

The  Global Acrylic Airless Bottle Market  is dynamic and influenced by various trends and growth drivers:

  • Increasing Demand for Premium Cosmetics:  The rise in demand for luxury skincare and cosmetic products has spurred the adoption of high-end packaging solutions like acrylic airless bottles.
  • Awareness of Product Preservation:  Consumers are more informed about the effects of air and light on product efficacy, driving them to seek airless packaging options.
  • Innovation in Dispensing Technology:  Manufacturers are continually improving airless bottle designs, enhancing user experience and allowing for a wider range of product viscosities.
  • Sustainable Packaging Initiatives:  With a growing emphasis on environmental consciousness, brands are opting for sustainable packaging, including recyclable acrylic airless bottles.

Challenges and Considerations

While the Global Acrylic Airless Bottle Market has seen remarkable growth, it’s not without its challenges:

    • Cost Considerations:  Acrylic airless bottles can be more expensive to produce than traditional packaging, impacting production costs.
    • Technical Complexities:  The design and functionality of airless dispensing systems require precise engineering and manufacturing, adding complexity to the production process.
    • Material Compatibility:  Certain formulations may not be suitable for acrylic bottles due to compatibility issues, necessitating careful selection of materials.

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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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Pharmaceutical Secondary Packaging Market Analysis: Industry Reaching US$ 72,010 Million by 2032

The Pharmaceutical Secondary Packaging Market is a specialized sector within the pharmaceutical and healthcare industry that focuses on the packaging of pharmaceutical products at the secondary packaging stage. Secondary packaging is the packaging process that follows primary packaging (the immediate packaging of the pharmaceutical product, such as blister packs or vials) and precedes tertiary packaging (the packaging used for bulk shipping and distribution).

The Pharmaceutical Secondary Packaging Market is expected to be worth US$ 41,950 million in 2023, rising to US$ 72,010 million by 2032. Revenue from pharmaceutical secondary packaging sales is predicted to grow at a CAGR of 6.2% during the forecast period.

The increasing demand for child-resistant and senior-friendly packaging is also driving the growth of the industry. These packaging options are designed to prevent accidental ingestion of drugs by children and older adults. This helps to improve patient safety and reduce the risk of medication errors. Additionally, the growing number of prescription drugs is driving the revenue growth from the sales

The Pharmaceutical Secondary Packaging Market is witnessing significant growth, driven by various factors such as the increasing use of unit dose packaging for drugs, the growing importance of product safety and traceability, and the increasing use of child-resistant and senior-friendly packaging. The rise in Unit Dose Packaging is one of the key drivers of the industry.

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Market Growth Factors

The escalating emphasis on product safety and traceability stands as a catalyst for the increased adoption of pharmaceutical secondary packaging. This surge is fueled by the need for packaging that shields drugs from contamination and tampering. Additionally, the implementation of e-pedigree systems is gaining traction, facilitating the meticulous tracking and tracing of drug movements within the supply chain.

As the prevalence of unit dose packaging in the pharmaceutical industry continues to rise, there is a corresponding surge in the acceptance of secondary packaging solutions. These solutions play a pivotal role in ensuring precise dosage administration and mitigating the risk of medication errors.

The burgeoning demand for packaging solutions that are child-resistant and senior-friendly is propelling the industry forward. These specialized packaging options are meticulously designed to thwart accidental drug ingestion by children and elderly individuals, thus contributing to the overall growth of the sector.

Key Takeaways from the Pharmaceutical Secondary Packaging Market

  • The market in Canada is expected to grow at a 6.3% CAGR during the forecast period, reaching US$ 4,085 million by 2032.
  • The paper and paperboard category is predicted to offer an incremental potential of US$ 21.9 billion by 2032, as well as a 6.6% CAGR throughout the projection period.
  • With a market share of 25.1%, the folding cartons category now leads the industry.
  • The pharma/biological pharmaceuticals area is the most profitable, accounting for an anticipated 53.4% of the market by 2032.
  • During the projection period, the pharmaceutical secondary packaging sector in the United States is expected to exceed US$ 14,878.6 million.
  • Throughout the projection period, Germany is expected to account for 15.3% of Europe’s pharmaceutical secondary packaging business.

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Recent Developments by Key Players:

  • Gerresheimer AG and Stevanato Group have announced a collaboration to develop a new ready-to-use solution platform based on the EZ-fill® pre-sterilized platform in July 2022.
  • Berry Global Group and Raw Elements USA cooperated to launch a sugarcane-based sustainable tube in January 2022. The tubes are made from waste sugarcane, which is converted into HDPE and LDPE to make a material with the same chemical composition as polyethylene obtained from fossil fuels.
  • In June 2021, Amcor PLC launched the ACT2100 heat seal coating for use with medical-grade DuPont Tyvek2 and paper packaging. This innovative coating process improves the performance characteristics of medical applications.

Key Players

  • Amcor Plc
  • Berry Global, Inc.
  • WestRock Company
  • Becton, Dickinson, and Company
  • Stora Enso Manu
  • Sonoco Products Company
  • DS Smith Plc
  • Graphic Packaging International, LLC
  • Mondi Group

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Industry by Category

By Application:

  • Pharma/ Biological Drug
  • Veterinary Medicines
  • Vaccine

By Material:

  • Paper and Paperboard
  • Plastics

By Packaging Format:

  • Boxes
  • Folding Cartons
  • Blisters
  • Bags and Pouch
  • Trays
  • Inserts and Dividers
  • Wrapping Films

By End-use:

  • Ophthalmic
  • Injectable
  • Biologics
  • Wound Care
  • Respiratory
  • Therapy
  • Oral

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia and the Pacific
  • East Asia
  • 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 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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Market for Custom T-Shirt Printing Expected to Grow at a 9.7% CAGR to Reach USD 9,883.2 Million by 2033 | FMI Insights

The global custom T-shirt printing market is expected to grow from its predicted USD 3,883.1 million in 2023 to USD 9,883.2 million by 2033, with a compound annual growth rate (CAGR) of 9.7%. In its parent market (the apparel market), the custom T-shirt printing market shares range from about 2% to 5%.

Millennials like custom t-shirts because they allow people to create apparel that expresses their individuality, tastes, and sense of style. It is well recognised that a consumer’s ability to make decisions and their purchasing power are closely correlated with their disposable income. The global market for custom T-shirt printing is anticipated to grow unstoppably in the future due to increased disposable incomes worldwide.

Besides, almost every sports team and club has started designing and wearing custom T-Shirts and jerseys to stand out. In other words, almost every sporting club is trying to render a distinct look to its players through increasing team’s visibility. Another application of custom T-Shirts is that of raising social awareness, voicing the opinion, and likewise. Customers in logistics, hospitality, industrial, construction, and medical vertical are specifically providing custom printed T-Shirts as one of the marketing tools to their customers and employees.

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The governments are also increasingly spending on sports-related activities; which is helping in promulgation of custom T-Shirt printing and the scenario is expected to remain the same even going forward.

There are shows like Big Bang Theory and Game of Thrones; whose huge fan base is willing to spend a good amount on purchasing T-Shirts/other apparel with their favorite slogans or dialogues printed on the T-Shirts. This trend is expected to take the custom T-Shirt printing market by storm in the upcoming period.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Custom T-Shirt Printing Market’. They are being made available through online retail sales channels.

“With growing preference for fashionable, customizable, and exclusive clothing, the global custom T-Shirt printing market is expected to grow incessantly in the years to come”, says an analyst from Future Market Insights.

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Key Takeaways from Custom T-Shirt Printing Market

  • North America holds the largest market share with the US housing sports teams that are pressing for designing custom T-Shirts and jerseys with design and logos of their own. In this era of digital marketing, it’s important to increase the visibility. This is where such products help.
  • Europe holds a notable market share with Germany leading from the front. With exceptional investment in printing technologies, the custom T-Shirt Printing market is expected to substantiate in the upcoming period. There are prominent players like Spreadshirt adding to the growth. Plus, movie enthusiasts are propagating movie logos and slogans. The key participants are into collaboration with entertainment vertical for drawing more number of customers with catchy movie slogans and logos.
  • The Asia-Pacific is expected to grow at a faster pace in the custom T-Shirt printing market with various start-ups going for customized accessories with personalized printed T-shirts emerging in the market.

Competitive Custom T-Shirts

Printful, in the year 2021, entered into collaboration with Vexels (a leading design platform for using graphics at commercial level

Printful, in October 2019, did announce opening of 2nd fulfilment center in Europe for serving customers better.

What does the Report customize?

The research study is based on printing technique (screen printing, digital printing, plot printing, and likewise), by design (artwork and graphic design), by end-use (women, men, kids, and unisex), and by sales channel (online and offline).

With custom T-Shirts increasingly being used by organizations as a present-day branding strategy for marketing their products and offerings.

Global Custom T-shirt Printing Market By Category

By Printing Technique:

  • Screen Printing
  • Digital Printing
  • Plot Printing
  • Others

By Design:

  • Graphic Design
  • Artwork

By End Use:

  • Men
  • Women
  • Kids
  • Unisex

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

About Future Market Insights, Inc. (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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Helicobacter Pylori Testing Market Primed for Growth, Anticipating a Valuation of US$ 380.3 Million by 2032-FMI Projection

The global helicobacter pylori testing market is expected to be worth US$173.1 million by the end of 2022. The market is expected to increase at a compound annual growth rate (CAGR) of 7.4% from 2022 to 2032, ending at US$ 380.3 million. Between 2016 and 2021, the industry’s value increased at a compound annual growth rate (CAGR) of 6.2%.

The Helicobacter Pylori Testing Market is witnessing significant attention and growth as it plays a crucial role in diagnosing infections caused by the bacterium Helicobacter pylori. This bacterium is associated with various gastrointestinal disorders, including gastritis and peptic ulcers. The market is characterized by a range of diagnostic methods, including non-invasive tests like breath tests and invasive techniques such as endoscopy. As healthcare systems prioritize early and accurate detection of H. pylori infections, the market continues to evolve with advancements in testing technologies, providing healthcare professionals with effective tools to diagnose and manage these conditions.

Helicobacter Pylori Testing Market: Overview

To evaluate the effectiveness of the treatment and diagnose an infection helicobacter pylori testing is done. The tests with endoscopy is considered good tests but are invasive so they are less frequently ordered. Based on end user, the global helicobacter pylori testing is segmented into hospitals, private labs, public’s health labs and physician offices.

The Helicobacter pylori testing is used to identify a helicobacter pylori infection in the upper part of the small intestine and stomach. The helicobacter pylori test is also used to evaluate the effectiveness of the treatment. Helicobacter pylori can cause peptic ulcers, stomach (gastric) cancer and chronic gastritis.

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Helicobacter pylori testing is done to find whether an infection with helicobacter pylori bacteria is causing an ulcer or not. There are different types of helicobacter pylori testing that are performed. Amongst them some requires a sample of stool or breath while others are more invasive and requires a tissue sample obtained using an endoscopy.

Helicobacter pylori bacteria grows in the digestive tract and have a tendency to attack the stomach lining. Helicobacter pylori infections are usually harmless but they are mainly responsible for majority of ulcers in the small intestine and stomach. It is the most common infection in humans therefore there detection is important.

According to a research by CDC, helicobacter pylori causes more than 90% of duodenal ulcers and up to 80% of gastric ulcers

Helicobacter Pylori Testing Market: Drivers and Restraints

Over the forecast period, the global helicobacter pylori testing market is expected to grow steadily because of the increasing number of older population, and increased prevalence of infectious diseases and gastritis.

The growing awareness of immunodiagnostics among the people, rapid advances in technology and innovations, and increasing product approvals are expected to propel the market growth of the global helicobacter pylori testing market. However high cost of test is the prominent factors restraining the growth of global helicobacter pylori testing market.

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Helicobacter Pylori Testing Market: Regional Overview

Geographically, global helicobacter pylori testing market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is expected to dominate global helicobacter pylori testing market over the forecast period due to high prevalence of gastritis. Western Europe is expected to be the second largest market for helicobacter pylori testing. Asia Pacific market is expected to experience delayed growth due to unawareness towards helicobacter pylori testing and low disposable income.

Helicobacter Pylori Testing Market

Key Players

Some of the players identified in global helicobacter pylori testing market include Abbott, ADI/American Diagnostica, Agilent Technologies, Bio-Rad Laboratories, Inc., Helena Laboratories, Horiba, Takara Bio, EKF Diagnostics, Exalenz Bioscience Ltd., Sekisui Diagnostics, LLC, etc.

Helicobacter Pylori Testing Market: Segmentation

The global helicobacter pylori testing market is classified on the basis of test type, end user and geography.

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On the basis of test type, the global helicobacter pylori testing market can be segmented into:

  • With Endoscopy
  • Histology
  • Rapid urease testing
  • Culture
  • PCR (Polymerase Chain Reaction)
  • Without Endoscopy
  • Stool/fecal antigen test
  • Urea breath test
  • H. pylori antibody testing

On the basis of end user, the global helicobacter pylori testing market can be segmented into:

  • Hospitals
  • Private Labs
  • Public health labs
  • Physician offices

Author By:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Fanfold Market: Unfolding Growth Prospects, Poised to Reach US$ 41.58 Billion by 2032

Fanfold Market

Forecasts for the fanfold market predict a robust Compound Annual Growth Rate (CAGR) of 4.5% throughout the forecast period. The market, valued at US$29.48 billion in 2022, is expected to witness substantial expansion, reaching an impressive US$41.58 billion by 2032. This upward trajectory is driven by factors such as increased demand for efficient packaging solutions and advancements in packaging technologies. As industries continue to prioritize sustainable and cost-effective packaging, the fanfold market is well-positioned to capitalize on these trends, fostering growth and innovation in the sector over the coming decade.

European countries such as Germany, the United Kingdom, France, and Italy stand out for their high-volume manufacturing of industrial goods and products. Their industrial prowess is projected to significantly contribute to the growth potential of the fanfold market during the forecast period.

Moreover, due to the rising sales of fanfold products and increased manufacturing activities, Brazil and Mexico in the Americas are likely to experience above-average growth in the fanfold market. These regions are expected to be pivotal in the global fanfold market’s expansion, reflecting the increasing demand for reliable packaging solutions in the industrial and e-commerce sectors.

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The Major Key Players Are:

  • Box on Demand,
  • International Paper Company,
  • Smurfit Kappa,
  • DS Smith,
  • Menasha Packaging Company,
  • Papierfabrik Palm,
  • Braepac Packaging,
  • Independent Corrugator,
  • Rondo Ganahl,
  • RIBBLE PACKAGING LTD.

Market Drivers:

  1. Growing Demand:
    • A key driver for any market is an increasing demand for the product or service. If the fanfold market serves a particular need or has unique advantages, a growing demand for such products could be a significant driver.
  2. Technological Advancements:
    • Innovation and technological advancements in fanfold products could boost market growth. For instance, if there are improvements in printing technologies, packaging materials, or other related areas, it can drive the demand for fanfold products.
  3. Environmental Sustainability:
    • Increasing awareness and focus on environmental sustainability can drive the demand for eco-friendly or recyclable fanfold products. If fanfold solutions align with sustainable practices, it could be a market driver.
  4. Efficiency and Cost Savings:
    • If fanfold products offer cost-effective and efficient solutions compared to alternatives, businesses might adopt them to improve their operational efficiency.
  5. Regulatory Support:
    • Supportive regulations or policies that favor the use of fanfold products can act as a driver. This could include regulations related to packaging materials, printing practices, or other relevant factors.

Market Restraints:

  1. Competition from Alternatives:
    • If there are alternative products or technologies that offer similar or better benefits, the fanfold market might face challenges in gaining and maintaining market share.
  2. Economic Downturn:
    • Economic downturns can impact overall business activities, and companies may cut down on non-essential expenses, affecting the demand for fanfold products.
  3. Raw Material Price Volatility:
    • If the production of fanfold products is heavily dependent on certain raw materials, fluctuations in the prices of these materials can impact profit margins and the overall market.
  4. Lack of Awareness:
    • If potential customers are not aware of the benefits or applications of fanfold products, it could limit market growth. Effective marketing and education campaigns might be needed to address this restraint.
  5. Stringent Regulations:
    • Conversely, stringent regulations that increase compliance costs or limit certain features of fanfold products can act as a restraint on the market.

Recent Developments

  • Smurfit Kappa Group finalised the acquisition of Verzuolo in October 2021. In 2019, the business transformed the PM9 machine into a cutting-edge 661,387-ton recycled containerboard machine as a result of this acquisition. It supplements the already existing and ideally positioned operational facilities near Savona’s port. This is likely to benefit both the corporation and its customers.
  • Rengo Co., Ltd. announced in September 2021 that its joint venture in Vietnam, Vina Kraft Paper Co., Ltd., had chosen to develop a new containerboard production site. Vietnam’s overall annual demand for containerboard exceeded three million tonnes in 2019 as a result of ongoing foreign direct investment, primarily in the export industry, and rising domestic consumption.

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Key Segmentation:

Valuable information covered in the FMI’s Fanfold market report has been segregated into key segments and sub-segments.

On the basis of wall type

  •          Single-walled
  •          B flute
  •          C flute
  •          Double-walled
  •          BC flute
  •          EB flute

On the basis of width

  •          200 mm – 500 mm
  •          500 mm – 1000 mm

Key Offerings of the Report

  • Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
  • Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
  • Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
  • Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Fanfold market

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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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Market for Herbal Beauty Products Is Expected to Exceed US$ 134.0 Billion by 2033 | FMI

The demand in the herbal beauty products market is anticipated to grow at approximately 6.3% CAGR between 2023 and 2033. The market for herbal beauty products may reach US$ 73.0 billion in 2023. The target market nearly holds ~5.9% share in the overall beauty products industry.

This tendency is increasing as more individuals become aware of the benefits of employing herbal ingredients in cosmetic products. People are turning more and more to herbal beauty because synthetic skincare products and cosmetics include dangerous ingredients and chemicals that are proven to have negative effects and cause a range of skin issues.

Furthermore, thanks to commercials and other promotional activities on social media platforms like Instagram, Facebook, and Youtube, people are now more aware of the advantages of using herbal beauty products. These advertisements frequently highlight how using herbal beauty products can improve the tone, texture, and look of the skin.

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Key Takeaways from the Herbal Beauty Products Market Study

  • Based on consumer orientation, the global herbal beauty products market is segmented into adults and kids. The adult segment is estimated to account for the largest share by 2021 end.
  • China will emerge as a highly lucrative market for herbal beauty products in East Asia.
  • The U.S. will record the highest sales of herbal beauty products in North America.
  • Backed by presence of a well-established beauty industry, the sales of herbal beauty products will pick up pace in the I.K.
  • Supermarkets are expected to remain the preferred distribution channel for herbal beauty products. However, the sales via online platforms are expected to catch up soon.

 “Players currently operating in the market are focusing on innovations to expand their portolfio. Some are even targeting specific skin problems to carve a niche amidst soaring competition. Meanwhile, leading brands are expanding their availability across e-commerce platforms to gain competitive edge,” said a FMI analyst.

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Who is Winning?

A few key players in the herbal beauty products market are Surya Brasil Organic Beauty Products, Weleda AG, INIKA, Lotus Herbals Limited, Bio Veda Action Research Co. (Biotique), Guangzhou, Liwei Cosmetics Co Ltd., Dr. Hauschka, VLCC Healthcare Ltd., Hemas Holdings PLC, Herb labo Co. Ltd, The Himalaya Drug Company, Shahnaz Ayurveda Pvt. Ltd, GROWN ALCHEMIST, Shenzhen Panni E-Business Co. Ltd., and Arbonne International LLC among others.

Global Herbal Beauty Products Market by Category

By Product Type:

  • Skin Care
    • Face Cleanser
    • Face Wash
    • Sun Protection
    • Night Creams & Gels
    • Others (Masks, Cream)
  • Hair Care
  • Hair Oils
  • Shampoos
  • Hair Conditioners
  • Others (Hair Serum, Mask, Color)
  • Bath & Body Care
    • Body Scrub
    • Body Lotion
    • Soap
    • Others
  • Makeup
  • Fragrance

By Consumer Orientation:

  • Adults
  • Kids

By Region:

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

About Future Market Insights (FMI)

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